BJBR AM 3Q 2017 English
Bigger, Stronger, Better
bank bjb
3Q17 Company Report
Macroeconomic
BI 7 Day Reverse Repo Rate at 4.25%
7 Day RR (RHS)
6
5
4
3
2
1
0
Index (points)
8
7
6
5
4
3
2
1
0
Consumer Confidence Index
(%)
140
120
100
80
60
40
20
0
Source: Bloomberg
Source: Bloomberg
Inflation Reached 3.72% YoY in September
14
12
10
8
6
4
2
0
1M JIBOR
USDIDR
14000
USD IDR
(%)
CPI
IDR Appreciated Againts USD
12000
10000
8000
6000
Source: Bloomberg
10Yr Govt Bond
12
10
8
6
4
2
0
Source: Bloomberg
2
Yield (%)
(%)
GDP Growth (LHS)
Stable Consumer Confident Index
Banking Sector
Loans Growth
30.0
As of Aug 17, banking sector data shows:
YoY Growth (%)
25.0
• Loans +8.38%YoY to Rp4,527 tr (Investment loans +6.99%
20.0
YoY, working capital +7.81% YoY, consumer loans +10.18%
15.0
YoY)
10.0
• Deposit 9.60% YoY to Rp5,052 tr (CASA +8.53% YoY, Time
Deposit +10.85% YoY, CASA Ratio 53.37%)
5.0
• NPL -0.17% YoY to 3.05%
-
• ROA +0.11% YoY to 2.47%
Source: SPI OJK
Investment Loans
40
35
30
25
20
15
10
5
-
WC Loans
Consumer Loans
Aug ’16
Aug ’17
YoY (%)
Total Loans
4,177
4,527
8.38
Total Deposit
4,610
5,052
9.6
LDR
90.04
89.17
-0.87
NPL
3.22
3.05
-0.17
ROA
2.36
2.47
0.11
NIM
5.59
5.35
-0.24
Source: SPI OJK
3
Result Summary
Income
Statement
•
•
•
•
Net Interest Income at Rp 4.7 tr (+3.5% YoY)
PPOP at Rp 2.0 tr (-4.1% YoY)
LLP at Rp 543 bn (+3.0% YoY)
Net Income at Rp 1.1 tr (-8.0% YoY)
Balance
Sheet
•
•
•
•
Total Loans at Rp 70.8 tr (+12.0% YoY)
Total Financing at Rp 5.4 tr (+2.1% YoY)
Total Deposits at Rp 92.3 tr (+18.2% YoY)
Total Asset at Rp 114.2 tr (+12.5% YoY)
Ratios
(bank only)
•
•
•
•
NIM at 6.7% (-49 bps YoY)
ROA (Net) at 1.7% (-34 bps YoY)
ROE (Net) at 17.1% (-460 bps YoY)
NPL (Gross) at 1.5% (-20 bps YoY)
4
Target vs. Realization
(%)
Target
3Q’16
4Q’16
1Q’17
2Q’17
3Q’17
Loans Growth
13% -14%
15.7
14.2
13.6
12.9
11.9
Deposit Growth
12% - 13%
-5.2
16.1
4.9
15.9
18.6
ROA (net)
1.5% - 2.0%
2.1
1.7
1.8
1.8
1.7
ROE (net)
15% - 20%
21.7
17.6
17.3
17.3
17.1
NIM
6.5% - 7.0%
7.2
7.4
6.5
6.8
6.7
Cost of Fund
5.0% - 5.3%
5.0
4.9
5.3
5.1
5.1
Cost to Income
Ratio
60% - 65%
64.1
67.4
68.9
64.2
64.3
Gross NPL
2.0% - 2.5%
1.7
1.7
1.6
1.6
1.5
CASA Ratio
56% - 60%
54.7
46.6
48.7
50.4
46.4
5
Income Statement
Positioning
Income Statement
(Rp bn)
3Q’17
YoY
(%)
3Q’16
YoY
Interest Income
7,948
8,511
7.1%
563
Interest Expense
3,449
3,853
11.7%
404
Net Interest Income
4,498
4,658
3.5%
159
Fee Based Income
461
546
18.5%
85
Operating Expense
3,050
3,312
8.6%
261
Gain (Loss) on Financial Statement
144
77
-46.9%
(68)
PPOP
2,053
1,969
-4.1%
(84)
Loan Loss Provision
(528)
(543)
3.0%
(16)
Non Operating Income (Expense)
(50)
(59)
19.0%
(9)
PBT
1,476
1,366
-7.4%
(110)
Tax Expense
312
295
-5.5%
(17)
Net Income
1,164
1,071
-8.0%
(93)
6
Balance Sheet
Balance Sheet
(Rp bn)
3Q’16
4Q’16
1Q’17
2Q’17
3Q’17
YoY
(%)
Cash
1,978
2,215
1,803
3,448
1,789
-9.5%
Current Account with
Bank Indonesia
5,109
5,516
5,555
5,675
5,538
8.4%
Secondary Reserves
22,310
22,255
25,442
21,819
26,744
19.9%
Loans - net
62,581
62,755
62,474
67,641
70,297
12.3%
Financing - net
4,833
4,651
4,540
4,700
4,461
-7.7%
Fixed Asset - net
2,451
2,740
2,735
2,862
2,867
17.0%
Other Asset
2,306
2,186
2,216
2,454
2,516
9.1%
Total Asset
101,568
102,318
104,764
108,600
114,213
12.5%
Total Third Party Fund
78,117
78,483
84,391
85,376
92,327
18.2%
Marketable Securities
Issued
1,122
2,312
2,312
2,312
2,312
105.9%
Fund Borrowings
7,324
6,541
6,501
6,488
7,765
6.0%
Repo
3,923
2,671
-
2,913
-
-
Others
1,428
2,638
2,305
1,781
1,836
28.6%
Total Liabilities
91,915
92,644
95,508
98,871
104,240
13.4%
Total Equity
9,653
9,674
9,257
9,730
9,973
3.3%
7
Key Ratios (bank only)
Key Ratios
3Q’16
4Q’16
1Q’17
2Q’17
3Q’17
ROA (net)
2.1
1.7
1.8
1.8
1.7
ROE (net)
21.7
17.6
17.3
17.3
17.1
Cost to Income Ratio
64.1
67.4
68.9
64.2
64.3
Expenses Ratio
77.4
82.7
79.1
80.2
80.5
Asset Yield
12.2
12.3
11.7
11.9
11.8
Cost of Fund
5.0
4.9
5.3
5.1
5.1
NIM
7.2
7.4
6.5
6.8
6.7
LDR
86.3
86.7
80.2
85.9
81.5
Special Mention Loans
2.3
1.7
2.4
2.8
2.7
Gross NPL
1.7
1.7
1.6
1.6
1.5
Net NPL
0.7
0.7
0.9
0.9
0.9
Coverage Ratio
62.4
61.1
51.2
50.8
49.7
Provision/Total Loans
1.1
1.0
0.8
0.8
0.8
18.1
18.4
17.0
16.3
16.4
Profitability
Cost Ratios
Yield
Asset Quality
Capital
CAR
8
Loans Breakdown (bank only)
Consumer
Micro
Commercial
Mortgage
Segment
(Rp bn)
3Q’16
3Q’17
YoY
(%)
5.1
Consumer
42,824
46,776
9.2%
14.0
Micro
3,458
4,650
34.5%
4.6
Commercial
12,269
14,034
14.4%
Mortgage
4,472
5,077
13.5%
Total Gross Loans
63,023
70,537
11.9%
80
70
4.9
4.5
60
(Rp tr)
50
40
4.6
4.7
4.5
4.5
4.5
4.5
10.8
9.2
9.2
3.6
3.3
7.8
3.2
3.4
12.4
12.3
3.5
10.8
9.2
3.5
3.8
4.4
30
20
10
37.2
38.2
39.7
41.4
42.8
44.2
45.1
46.2
46.8
Currency
(Rp bn)
3Q’16
3Q’17
YoY
(%)
IDR
62,622
70,149
12.0%
Forex
401
388
-3.2%
0
9
Consumer Loans
Civil Servant Loans (LHS)
Pensioner Loans (LHS)
NPL (RHS)
50
0.9
40
0.8
3.9
4.5
5.6
7.6
8.5
9.3
9.7
0.6
25
0.5
35.8 36.1 36.6 36.6 36.9 37.1
33.7 34.3 35.2
0.4
15
0.3
10
0.24
0.2
0.17
0.15
5
0
3Q’17
YoY
(%)
Loans Outstanding
42,824
46,776
9.2%
Net Expansion
YtD
(Rp bn)
4,606
2,551
-44.6%
Avg. Loans
Outstanding
(Rp mn)
111
115
3.5%
No of Account
385,549
406,797
5.5%
0.7
0.11
0.09
0.10 0.09
0.07 0.08
(%)
(Rp tr)
3.6
6.7
30
20
3Q’16
1.0
45
35
Key Indicators
14.50%-16.25% eff. p.a
Interest Rate
Asset Quality
3Q’16
3Q’17
YoY
(%)
Special Mention
0.70
1.63
+0.93
NPL
0.09
0.24
+0.15
0.1
0.0
10
Micro Loans
KMU (LHS)
Govt Program (LHS)
Others (LHS)
NPL (RHS)
5.0
Key Indicators
3Q’16
3Q’17
YoY
(%)
30.0
Loans Outstanding
3,458
4,650
34.5 %
25.0
Net Expansion
YtD
(Rp bn)
128
1,120
775.1 %
20.0
Avg. Loans
Outstanding
(Rp mn)
100
163
63.4 %
No of Account
34,667
28,533
-17.7 %
4.5
4.0
3.5
2.7
1.1
2.2
1.3
2.5
2.0
1.5
1.9
2.0
2.0
15.0
Interest Rate*
0.8
0.1
0.6
1.5
0.5
0.3
0.2
0.2
0.5
-
1.4
1.2
1.3
1.2
1.4
1.6
8.7% - 27.2% eff. p.a.
0.1
10.0
0.2
1.0
1.7
(%)
(Rp tr)
3.0
2.6
1.8
Asset Quality
3Q’16
3Q’17
YoY
(%)
Special Mention
3.2
1.0
-2.1
NPL
12.2
5.5
-6.6
5.0
1.2
0.0
11
Commercial Loans
Working Capital (LHS)
Investment (LHS)
Syndicated (LHS)
NPL (RHS)
16.0
15.0
14.0
14.0
13.0
1.8
12.0
1.4
1.8
1.6
12.0
11.0
Key Indicators
3Q’16
3Q’17
YoY
(%)
Loans Outstanding
12,269
14,034
14.4 %
Net Expansion
YtD
(Rp bn)
3,023
3,202
5.9%
Avg. Loans
Outstanding
(Rp mn)
1,584
1,830
15.6 %
No of Account
7,747
7,668
-1.0 %
10.0
(Rp tr)
8.0
1.4
1.4
1.7
1.8
6.0
1.8
1.4
1.8
1.8
1.8
1.4
1.7
6.0
1.8
10.6
9.1
7.5
6.0
2.0
8.0
7.0
1.4
4.0
6.0
8.8
7.7
6.0
4.7
9.0
(%)
1.5
10.0
5.0
4.0
Interest Rate
8.3% -15.5% eff. p.a
3.0
2.0
Asset Quality
3Q’16
3Q’17
YoY
(%)
Special Mention
2.2
2.7
+0.5
NPL
2.9
2.9
-
1.0
-
-
12
Mortgage Loans
Mortgage Loans (LHS)
NPL (RHS)
5.20
15.0
5.08
5.10
14.0
Key Indicators
3Q’16
3Q’17
YoY
(%)
Loans Outstanding
4,472
5,077
13.5 %
Net Expansion
YtD
(Rp bn)
(35)
520
-
Avg. Loans
Outstanding
(Rp mn)
229
212
-7.2 %
No of Account
19,545
23,921
22.4 %
13.0
5.00
12.0
4.89
4.90
11.0
10.0
4.80
4.70
8.0
4.60
4.50
9.0
4.56
4.47
4.51 4.49
4.46 4.47
7.0
6.0
5.0
4.40
4.30
(%)
(Rp tr)
4.70
Interest Rate
7.0% - 13.5% eff. p.a.
4.0
3.0
Asset Quality
3Q’16
3Q’17
YoY
(%)
Special Mention
16.5
13.8
-2.7
NPL
6.1
6.0
-0.2
2.0
4.20
4.10
1.0
-
13
Deposit Breakdown (bank only)
Current Account
Savings Account
Time Deposit
100
Deposits
Breakdown
(Rp bn)
3Q’16
3Q’17
YoY
(%)
Current Account
27,252
25,682
-5.8%
Saving Account
12,650
14,461
14.3%
Time Deposit
33,097
46,406
40.2%
TOTAL
72,999
86,550
18.6%
CASA Ratio (%)
54.7
46.4
-8.3
Currency
(Rp bn)
3Q’16
3Q’17
YoY
(%)
IDR
72,302
85,998
18.9%
Forex
697
552
-20.9%
90
80
70
46.4
(Rp tr)
60
37.4
33.8
33.1
38.9
29.7
50
40.1
39.2
29.8
40
11.4
10.2
12.5
30
12.6
14.3
13.3
15.6
14.5
16.8
20
29.5
10
0
29.3
18.6
26.0
27.3
24.8
17.1
24.2
25.7
14
Special Mention Loans
Consumer (LHS)
Micro (LHS)
Commercial (LHS)
Mortgage (LHS)
% to Loans (RHS)
2,000
Consumer
2.0
694
1,200
1,000
336
729
579
739
720 723
106 109 271
389
278
706
286
400
-
776
272
75
298
109 101 151 149
1.5
47
1.0
62
696 761
109 227
281 234 155
76
377
80%
Special Mention Contribution (%)
Absolute Special Mention Loans (Rp bn)
2.5
Special Mention/Total Loans (%)
702
1,400
200
Mortgage
90%
1,600
600
Commercial
100%
3.0
1,800
800
Micro
41
48
70%
60
59
54
45
50%
18
20
18
40%
19
9
9
4
19
21
21
3
4
30%
26
23
8
19
7
12
0.5
184
33
21
10%
7
-
52
60%
20%
501
55
37
8
12
12
37
40
17
0%
15
Absolute Non Performing Loans
Consumer (LHS)
Micro (LHS)
Commercial (LHS)
Mortgage (LHS)
% to Loans (RHS)
Consumer
Micro
Commercial
Mortgage
100%
2,500
4.0
90%
18
18
24
26
25
3.5
31
80%
31
31
28
340
2.5
1,500
298
567
373
526
1,000
2.0
463 311
274
1.5
302
335 315 326
378
355
500
968
362 378 381 403
1.0
70%
NPL Contribution (%)
3.0
Non Performing Loan/Total Loans (%)
Absolute Non Performing Loans (Rp bn)
2,000
30
33
30
60%
31
33
34
50%
37
36
37
40%
30%
51
47
43
40
39
20%
26
32
28
3
4
24
754 674
488 421
-
40
34
58
40
39
0.5
338 287
31
37
278 257
81
113
-
10%
0%
2
2
4
3
4
8
11
16
Yield Analysis
Others
1.4%
Placement to
BI
10.6%
Interbank
Placement
2.3%
Marketable
Securities
12.7%
Loans
72.9%
Time Deposit
48.5%
Interbank Lending
7.0%
Bonds
2.4%
Current
Account
26.9%
Savings
Account
15.1%
Asset Yield
(%)
3Q’16
3Q’17
Placement to Bank Indonesia
1.7
2.4
Interbank Placement
3.3
3.3
Securities
7.2
6.9
Loans Yield
14.7
14.3
Others
-
-
Cost of Fund
(%)
3Q’16
3Q’17
Interbank Liabilities
5.2
4.8
Securities
9.0
9.7
Deposits From Customers
4.8
4.9
Current Account
2.0
1.8
Time Deposit
7.9
7.4
Savings Account
Loans received
1.6
1.6
5.2
5.4
17
Capital Adequacy
Risk Weighted
Asset (RWA)
3Q’16
3Q’17
YoY
(%)
Total RWA
46,108
52,760
14.4 %
Credit Risk
36,299
42,730
17.7 %
Operational Risk
9,157
9,157
-
Market Risk
652
873
34.0 %
RWA/Total Asset
48.2%
49.0%
+0.8%
tier-1
7,901
8,097
2.5 %
tier -2
454
534
17.7 %
Total Capital
8,355
8,631
3.3 %
Tier-1 CAR
17.1%
15.3%
-1.8%
Total CAR
18.1%
16.4%
-1.8%
•Total Capital to Rp 8.6 tr ( Rp 276 bn YoY)
• Total CAR at 16.4% (-176 bps YoY)
CAR Analysis
Addition to
Net Impact
RWA/
Risk
to CAR
Weighting Rp1tr Net
(%)
Expansion
Consumer Loans
50%
Rp 500bn
0.15
Micro Loans
75%
Rp 750bn
0.23
Commercial Loans
100%
Rp 1tr
0.30
Mortgage Loans
40%
Rp 400bn
0.12
18
Consumer Loan Details
19
Civil Servant Loans
Civil Servant Loans (LHS)
NPL (RHS)
40
0.5
35.2
35
33.7
36.9
36.6
35.8
34.3
0.4
30
25
0.3
(%)
0.27
(Rp tr)
3Q’16
3Q’17
YoY
(%)
Loans Outstanding
36,113
37,106
2.7 %
Net Expansion
YtD
(Rp bn)
1,805
518
-71.3 %
Avg. Loans Outstanding
(Rp mn)
110
112
1.6 %
No of Account
328,606
332,356
1.1 %
37.1
36.6
36.1
Key Indicators
20
0.2
15
Median Interest Rate
14.50%-16.25% eff. p.a
0.19
10
0.11
0.11
0.09
5
0.08
0.08
0.1
3Q’16
3Q’17
YoY
Special
Mention
0.76
1.82
+1.06
NPL
0.09
0.27
+0.18
0.09
0.07
0
Asset
Quality
0.0
20
Pensioner Loans
Pensioner Loans (LHS)
NPL (RHS)
12,000
Key Indicators
3Q’16
3Q’17
YoY
(%)
Loans
Outstanding
6,710
9,670
44.1 %
Net Expansion
YtD
(Rp bn)
2,801
2,033
-27.4 %
Avg. Loans
Outstanding
(Rp mn)
118
130
10.2 %
No of Account
56,943
74,441
30.7 %
0.5
0.44
9,670
10,000
0.4
8,470 9,291
8,000
0.3
(%)
(Rp tr)
6,710 7,637
6,000
4,494
5,643
0.2
Median Interest
Rate
0.15
4,000 3,556
0.12 3,909
14.50%-18.48% eff. p.a
0.10
0.12
2,000
0.09
0.11
0.1
0.10
0.08
0
0.0
Asset
Quality
3Q’16
3Q’17
YoY
Special
Mention
0.36
0.89
+0.53
NPL
0.10
0.15
+0.05
21
Sharia Business Performance
3Q17 bank bjb Sharia
22
Result Summary
Income
Statement
Balance
Sheet
Ratios
• Net Financing Income at Rp 267bn (+7.3% YoY)
• Operating Expenses at Rp 682 bn (-51.1% YoY)
• Net Loss at Rp 223 bn (-5.8% YoY)
• Total Financing at Rp 5.4 tr (+2.1% YoY)
• Total Deposit at Rp 5.6 tr (+13.0% YoY)
• Total Asset at Rp 7.4 tr (+7.3% YoY)
•
•
•
•
NIM at 4.8% (-25bps YoY)
ROA at -5.3% (-84bps YoY)
ROE at -42.6% (-644bps YoY)
NPF Gross at 19.2%( +673bps YoY)
23
Key Ratios
Sharia
(%)
3Q’16
3Q’17
YoY
CAR
23.1%
13.1%
-10.0%
NPF Gross
12.5%
19.2%
+6.7%
NPF Nett
4.1%
2.1%
-2.0%
ROA
-6.2%
-5.3%
+0.9%
ROE
-36.1%
-42.6%
-6.5%
BOPO
118.7%
132.5%
+13.8%
FDR
107.4%
97.1%
-10.3%
NIM
5.0%
4.8%
-0.2%
24
Income Statement
Income Statement
(Rp mn)
3Q’16
3Q’17
YoY
(%)
Financing Income
541,121
563,747
4.2%
Financing Expense
292,021
296,508
1.5%
Net Financing Income
249,100
267,239
7.3%
Other Operating Income
833,689
117,612
-85.9%
Operating Expense
1,393,938
681,819
-51.1%
Operating Income
(311,149)
(296,968)
-4.6%
Non Operating Income (Expense)
885
4,412
398.5%
Income (Loss) Before Tax
(310,264)
(292,556)
-5.7%
Tax Expense
73,134
69,064
-5.6%
Net Loss
(237,130)
(223,492)
-5.8%
25
Balance Sheet
BS highlight
(Rp Mn)
3Q’16
3Q’17
YoY
(%)
Cash
42,763
45,355
6.1%
Current Account with Bank Indonesia
271,578
303,795
11.9%
Secondary Reserves
1,375,843
1,957,330
42.3%
Financing-net
4,832,860
4,461,498
-7.7%
Fixed Asset-net
171,283
274,411
60.2%
Other Asset
240,424
395,362
64.4%
Total Asset
6,934,751
7,437,751
7.3%
Total Third Party Fund
4,940,247
5,581,203
13.0%
Fund Borrowings
362,427
640,016
76.6%
Others
578,863
484,844
-16.2%
Total Liabilities
5,881,537
6,706,063
14.0%
Total Equity
1,053,214
731,688
-30.5%
26
Sharia Performance
Financing
(Rp mn)
3Q’16
3Q’17
YoY
(%)
Murabahah (Trading)
4,134,601
4,364,803
5.6%
Qardh (Bridging)
67,518
65,359
-3.2%
Financing
1,089,160
971,865
-10.8%
Istishna (Pawning)
2,194
2,186
-0.4%
Total Gross Financing
5,293,473
5,404,213
2.1%
Funding
(Rp mn)
3Q’16
3Q’17
YoY
(%)
Wadiah Current Account
104,898
110,900
5.7%
Wadiah Savings Account
175,888
172,823
-1.7%
Mudharabah Current Account
226,253
224,975
-0.6%
Mudharabah Savings Account
539,791
596,271
10.5%
Mudharabah Time Deposit
3,893,417
4,476,235
15.0%
Total Funding
4,940,248
5,581,203
13.0%
27
Company Profile
bank bjb
28
Distribution Network
Others
Deposits 2.4 Tr
Loans 6.7 Tr
Micro Loans 1.38 Tr
Profit 205.8 bn
74,080 Customers
13 Branch Offices
13 Sub Branch Offices
7 Cash Offices
96 ATM Unit
442 Employees
Total bjb employees
7,712
Total bjb customers
4,395,160
Jakarta
Deposits 20.8 Tr
Loans 9.3 Tr
Micro Loans 607 bn
Profit 392 bn
132,228 Customers
9 Branch Offices
60 Sub Branches
5 Cash Offices
1 Payment Point
116 ATM Unit
547 Employees
Banten
Deposits 12.3 Tr
Loans 9.9 Tr
Micro Loans 439 bn
Profit 730 bn
889,184 Customers
8 Branch Offices
45 Sub Branches
61 Cash Offices
43 Payment Point
230 ATM Unit
780 Employees
West Java
Deposits 51.1 Tr
Loans 44.6 Tr
Micro Loans 2.2 Tr
Profit West Java 2.8 Tr
Loss Head Oficce 2.5 Tr
3,299,668 Customers
35 Branch Offices
191 Sub Branch
265 Cash Offices
105 Payment Point
898 ATM Unit
5,943 Employees
29
Branch Network Details
No
bjb Network
3Q’16
3Q’17
YoY
1
Branch
63
65
+2
2
Sub Branch
311
309
-2
3
Cash Offices
331
338
+7
4
Payment Point
138
149
+11
5
ATM
1,211
1,340
+129
6
Layanan bjb Precious
11
11
-
7
MSME Center
6
6
-
8
Mobile Cash
12
11
-1
9
Weekend Banking
11
11
-
10
Forex Branches
47
47
-
11
Branchless Banking
-
690
690
2,141
2,287
+146
Total
30
Human Capital
Level
3Q’16
3Q’17
YoY
Board of Commissioners
5
5
-
Directors
7
6
-1
Top Management
42
38
-4
Middle Management
346
363
+17
First Line Management
1,778
1,830
+52
Staff
5,344
5,464
+120
Employee in Pension Preparation
10
17
+7
Total Permanent
7,532
7,723
+191
Educational Breakdown
Up To
Bachelor
Degree 94%
Master of
Doctorate 6%
Age Breakdown
18-30
64%
SDM
475
528
+53
31-40
28%
>50
2%
41-50
6%
31
Ownership
Ownership Structure
3Q16
3Q17
Founder (A Series)
75.00
75.00
West Java Provincial Government
38,26
38.26
West Java Municipal Governments
23,61
23.61
Banten Provincial Government
5,37
5.37
Banten Municipal Governments
7,76
7.76
Public (B Series)
25,00
25.00
Local Retail
3.66
6.34
Local Institution
8.91
14.22
Foreign Retail
0.02
0.15
Foreign Institution
12.41
4.29
32
2017 Awards
Brand Finance & SWA –
“TOP 100 Best Valuable
Indonesian Brands”
SWA – “Indonesia Best Public
Companies 2017 (Rank 4th &
Rank 9th Overall)”
Business News –
“TOP BUMD 2017 Best Over All”
Indohousing – “Most Excellent
Service Performance Bank
for Housing Loan Program”
Business News –
“TOP BPD 2017”
Business News –
“TOP CEO 2017”
Infobank – “Titanium Trophy Bank
dengan Kinerja Keuangan
Sangat Baik Selama Tahun 2016”
SWA –
“Indonesia Original Brand 2017
(Rank 1st)”
Markplus – “Silver Champion
Bandung WOW Service
Excellence Award 2017 (Buku
III)”
33
2017 Awards
Annual Report Award
Tahun Buku 2016 –
“Annual Report Award
Tahun Buku 2016 (Rank
1st )
SWA – “The Indonesian Living
Legend Companies”
Bisnis Indonesia Financial Award
2017 –
“The Best Performing Bank”
Tempo – “The Best Bank in Retail
Banking Services”
Forbes Indonesia - Best of the
Best Awards 2017 TOP 50
Companies (Rank 18th )
Koran SINDO –
“Apresiasi Inovasi”
Tempo – “The Most Efficient Bank”
PR Indonesia –
“Best Communicators 2017”
Tempo – “The Most Reliable Bank”
34
2017 Awards
AAEI & CSA Intitute –
Tribute From West Java Province – Excellence Service Experience Awards
“One of The Best Stock for
(ESEA) 2017 “CSR Partner”
Yuk Nabung Saham Program 2017”
“Regular Banking Category”
Ministry of Finance –
Best Tax Contribution 2016
Galamedia Awards 2017 –
“Housing Tax Initiative”
Contact Center Service
Excellence Awards 2017 –
“Best Call Center Regular Banking”
Markplus.Inc Awards –
“Mr. Ahmad Irfan as
Marketing Champion 2017”
Markplus.Inc Awards –
“Mr. Ahmad Irfan as Marketeer
of The Year 2017”
35
Share Price Performance
Volume (RHS)
3550
Price (LHS)
Investor Relations Group
Menara bank bjb 7 th Floor
Jl. Naripan 12 – 14
Bandung 40111
+6222 4234868
ext 7140/7141
ir@bankbjb.co.id
200
180
3050
160
Contact Person:
Muhammad As’adi Budiman
Deputy Corporate Secretary
mbudiman@bankbjb.co.id
140
Rp/share
120
2050
100
80
1550
Million Shares
2550
Sani Ikhsan Maulana
IR Head
smaulana@bankbjb.co.id
Anjas Septa Lesmana
Senior Officer
aslesmana@bankbjb.co.id
60
40
1050
20
550
Siti Khairina Wahyujati
Officer
swahyujati@bankbjb.co.id
Trifani Rahayu
Staff
trahayu@bankbjb.co.id
0
Farizzaka Putra
Staff
fputra@bankbjb.co.id
Source: Bloomberg
36
Disclaimer : This report has been prepared by PT Bank Pembangunan Daerah Jawa Barat & Banten, Tbk. (bank bjb) independently and is circulated
for the purpose of general information only. It is not intended to the specific person who may receive this report. The information in this report has
been obtained from source which we deem reliable. No warranty (expressed or implied) is made to the accuracy or completeness of the information.
All opinions and estimations included in this report constitute our judgment as of this date and are subject to change without prior notice. We
disclaim any responsibility or liability without prior notice of bank bjb and/or their respective employees and/or agents whatsoever arising which
may be brought against or suffered by any person as a result of acting in reliance upon the whole or any part of the contents of this report and
neither bank bjb and/or its affiliated companies and/or their respective employees and/or agents accepts liability for any errors, omissions, negligent
or otherwise, in this report and any inaccuracy herein or omission here from which might otherwise arise.
Menara bank bjb
Jl. Naripan 12 – 14
7 th Floor
Bandung 40111
Telp. +6222 4234868
bank bjb
3Q17 Company Report
Macroeconomic
BI 7 Day Reverse Repo Rate at 4.25%
7 Day RR (RHS)
6
5
4
3
2
1
0
Index (points)
8
7
6
5
4
3
2
1
0
Consumer Confidence Index
(%)
140
120
100
80
60
40
20
0
Source: Bloomberg
Source: Bloomberg
Inflation Reached 3.72% YoY in September
14
12
10
8
6
4
2
0
1M JIBOR
USDIDR
14000
USD IDR
(%)
CPI
IDR Appreciated Againts USD
12000
10000
8000
6000
Source: Bloomberg
10Yr Govt Bond
12
10
8
6
4
2
0
Source: Bloomberg
2
Yield (%)
(%)
GDP Growth (LHS)
Stable Consumer Confident Index
Banking Sector
Loans Growth
30.0
As of Aug 17, banking sector data shows:
YoY Growth (%)
25.0
• Loans +8.38%YoY to Rp4,527 tr (Investment loans +6.99%
20.0
YoY, working capital +7.81% YoY, consumer loans +10.18%
15.0
YoY)
10.0
• Deposit 9.60% YoY to Rp5,052 tr (CASA +8.53% YoY, Time
Deposit +10.85% YoY, CASA Ratio 53.37%)
5.0
• NPL -0.17% YoY to 3.05%
-
• ROA +0.11% YoY to 2.47%
Source: SPI OJK
Investment Loans
40
35
30
25
20
15
10
5
-
WC Loans
Consumer Loans
Aug ’16
Aug ’17
YoY (%)
Total Loans
4,177
4,527
8.38
Total Deposit
4,610
5,052
9.6
LDR
90.04
89.17
-0.87
NPL
3.22
3.05
-0.17
ROA
2.36
2.47
0.11
NIM
5.59
5.35
-0.24
Source: SPI OJK
3
Result Summary
Income
Statement
•
•
•
•
Net Interest Income at Rp 4.7 tr (+3.5% YoY)
PPOP at Rp 2.0 tr (-4.1% YoY)
LLP at Rp 543 bn (+3.0% YoY)
Net Income at Rp 1.1 tr (-8.0% YoY)
Balance
Sheet
•
•
•
•
Total Loans at Rp 70.8 tr (+12.0% YoY)
Total Financing at Rp 5.4 tr (+2.1% YoY)
Total Deposits at Rp 92.3 tr (+18.2% YoY)
Total Asset at Rp 114.2 tr (+12.5% YoY)
Ratios
(bank only)
•
•
•
•
NIM at 6.7% (-49 bps YoY)
ROA (Net) at 1.7% (-34 bps YoY)
ROE (Net) at 17.1% (-460 bps YoY)
NPL (Gross) at 1.5% (-20 bps YoY)
4
Target vs. Realization
(%)
Target
3Q’16
4Q’16
1Q’17
2Q’17
3Q’17
Loans Growth
13% -14%
15.7
14.2
13.6
12.9
11.9
Deposit Growth
12% - 13%
-5.2
16.1
4.9
15.9
18.6
ROA (net)
1.5% - 2.0%
2.1
1.7
1.8
1.8
1.7
ROE (net)
15% - 20%
21.7
17.6
17.3
17.3
17.1
NIM
6.5% - 7.0%
7.2
7.4
6.5
6.8
6.7
Cost of Fund
5.0% - 5.3%
5.0
4.9
5.3
5.1
5.1
Cost to Income
Ratio
60% - 65%
64.1
67.4
68.9
64.2
64.3
Gross NPL
2.0% - 2.5%
1.7
1.7
1.6
1.6
1.5
CASA Ratio
56% - 60%
54.7
46.6
48.7
50.4
46.4
5
Income Statement
Positioning
Income Statement
(Rp bn)
3Q’17
YoY
(%)
3Q’16
YoY
Interest Income
7,948
8,511
7.1%
563
Interest Expense
3,449
3,853
11.7%
404
Net Interest Income
4,498
4,658
3.5%
159
Fee Based Income
461
546
18.5%
85
Operating Expense
3,050
3,312
8.6%
261
Gain (Loss) on Financial Statement
144
77
-46.9%
(68)
PPOP
2,053
1,969
-4.1%
(84)
Loan Loss Provision
(528)
(543)
3.0%
(16)
Non Operating Income (Expense)
(50)
(59)
19.0%
(9)
PBT
1,476
1,366
-7.4%
(110)
Tax Expense
312
295
-5.5%
(17)
Net Income
1,164
1,071
-8.0%
(93)
6
Balance Sheet
Balance Sheet
(Rp bn)
3Q’16
4Q’16
1Q’17
2Q’17
3Q’17
YoY
(%)
Cash
1,978
2,215
1,803
3,448
1,789
-9.5%
Current Account with
Bank Indonesia
5,109
5,516
5,555
5,675
5,538
8.4%
Secondary Reserves
22,310
22,255
25,442
21,819
26,744
19.9%
Loans - net
62,581
62,755
62,474
67,641
70,297
12.3%
Financing - net
4,833
4,651
4,540
4,700
4,461
-7.7%
Fixed Asset - net
2,451
2,740
2,735
2,862
2,867
17.0%
Other Asset
2,306
2,186
2,216
2,454
2,516
9.1%
Total Asset
101,568
102,318
104,764
108,600
114,213
12.5%
Total Third Party Fund
78,117
78,483
84,391
85,376
92,327
18.2%
Marketable Securities
Issued
1,122
2,312
2,312
2,312
2,312
105.9%
Fund Borrowings
7,324
6,541
6,501
6,488
7,765
6.0%
Repo
3,923
2,671
-
2,913
-
-
Others
1,428
2,638
2,305
1,781
1,836
28.6%
Total Liabilities
91,915
92,644
95,508
98,871
104,240
13.4%
Total Equity
9,653
9,674
9,257
9,730
9,973
3.3%
7
Key Ratios (bank only)
Key Ratios
3Q’16
4Q’16
1Q’17
2Q’17
3Q’17
ROA (net)
2.1
1.7
1.8
1.8
1.7
ROE (net)
21.7
17.6
17.3
17.3
17.1
Cost to Income Ratio
64.1
67.4
68.9
64.2
64.3
Expenses Ratio
77.4
82.7
79.1
80.2
80.5
Asset Yield
12.2
12.3
11.7
11.9
11.8
Cost of Fund
5.0
4.9
5.3
5.1
5.1
NIM
7.2
7.4
6.5
6.8
6.7
LDR
86.3
86.7
80.2
85.9
81.5
Special Mention Loans
2.3
1.7
2.4
2.8
2.7
Gross NPL
1.7
1.7
1.6
1.6
1.5
Net NPL
0.7
0.7
0.9
0.9
0.9
Coverage Ratio
62.4
61.1
51.2
50.8
49.7
Provision/Total Loans
1.1
1.0
0.8
0.8
0.8
18.1
18.4
17.0
16.3
16.4
Profitability
Cost Ratios
Yield
Asset Quality
Capital
CAR
8
Loans Breakdown (bank only)
Consumer
Micro
Commercial
Mortgage
Segment
(Rp bn)
3Q’16
3Q’17
YoY
(%)
5.1
Consumer
42,824
46,776
9.2%
14.0
Micro
3,458
4,650
34.5%
4.6
Commercial
12,269
14,034
14.4%
Mortgage
4,472
5,077
13.5%
Total Gross Loans
63,023
70,537
11.9%
80
70
4.9
4.5
60
(Rp tr)
50
40
4.6
4.7
4.5
4.5
4.5
4.5
10.8
9.2
9.2
3.6
3.3
7.8
3.2
3.4
12.4
12.3
3.5
10.8
9.2
3.5
3.8
4.4
30
20
10
37.2
38.2
39.7
41.4
42.8
44.2
45.1
46.2
46.8
Currency
(Rp bn)
3Q’16
3Q’17
YoY
(%)
IDR
62,622
70,149
12.0%
Forex
401
388
-3.2%
0
9
Consumer Loans
Civil Servant Loans (LHS)
Pensioner Loans (LHS)
NPL (RHS)
50
0.9
40
0.8
3.9
4.5
5.6
7.6
8.5
9.3
9.7
0.6
25
0.5
35.8 36.1 36.6 36.6 36.9 37.1
33.7 34.3 35.2
0.4
15
0.3
10
0.24
0.2
0.17
0.15
5
0
3Q’17
YoY
(%)
Loans Outstanding
42,824
46,776
9.2%
Net Expansion
YtD
(Rp bn)
4,606
2,551
-44.6%
Avg. Loans
Outstanding
(Rp mn)
111
115
3.5%
No of Account
385,549
406,797
5.5%
0.7
0.11
0.09
0.10 0.09
0.07 0.08
(%)
(Rp tr)
3.6
6.7
30
20
3Q’16
1.0
45
35
Key Indicators
14.50%-16.25% eff. p.a
Interest Rate
Asset Quality
3Q’16
3Q’17
YoY
(%)
Special Mention
0.70
1.63
+0.93
NPL
0.09
0.24
+0.15
0.1
0.0
10
Micro Loans
KMU (LHS)
Govt Program (LHS)
Others (LHS)
NPL (RHS)
5.0
Key Indicators
3Q’16
3Q’17
YoY
(%)
30.0
Loans Outstanding
3,458
4,650
34.5 %
25.0
Net Expansion
YtD
(Rp bn)
128
1,120
775.1 %
20.0
Avg. Loans
Outstanding
(Rp mn)
100
163
63.4 %
No of Account
34,667
28,533
-17.7 %
4.5
4.0
3.5
2.7
1.1
2.2
1.3
2.5
2.0
1.5
1.9
2.0
2.0
15.0
Interest Rate*
0.8
0.1
0.6
1.5
0.5
0.3
0.2
0.2
0.5
-
1.4
1.2
1.3
1.2
1.4
1.6
8.7% - 27.2% eff. p.a.
0.1
10.0
0.2
1.0
1.7
(%)
(Rp tr)
3.0
2.6
1.8
Asset Quality
3Q’16
3Q’17
YoY
(%)
Special Mention
3.2
1.0
-2.1
NPL
12.2
5.5
-6.6
5.0
1.2
0.0
11
Commercial Loans
Working Capital (LHS)
Investment (LHS)
Syndicated (LHS)
NPL (RHS)
16.0
15.0
14.0
14.0
13.0
1.8
12.0
1.4
1.8
1.6
12.0
11.0
Key Indicators
3Q’16
3Q’17
YoY
(%)
Loans Outstanding
12,269
14,034
14.4 %
Net Expansion
YtD
(Rp bn)
3,023
3,202
5.9%
Avg. Loans
Outstanding
(Rp mn)
1,584
1,830
15.6 %
No of Account
7,747
7,668
-1.0 %
10.0
(Rp tr)
8.0
1.4
1.4
1.7
1.8
6.0
1.8
1.4
1.8
1.8
1.8
1.4
1.7
6.0
1.8
10.6
9.1
7.5
6.0
2.0
8.0
7.0
1.4
4.0
6.0
8.8
7.7
6.0
4.7
9.0
(%)
1.5
10.0
5.0
4.0
Interest Rate
8.3% -15.5% eff. p.a
3.0
2.0
Asset Quality
3Q’16
3Q’17
YoY
(%)
Special Mention
2.2
2.7
+0.5
NPL
2.9
2.9
-
1.0
-
-
12
Mortgage Loans
Mortgage Loans (LHS)
NPL (RHS)
5.20
15.0
5.08
5.10
14.0
Key Indicators
3Q’16
3Q’17
YoY
(%)
Loans Outstanding
4,472
5,077
13.5 %
Net Expansion
YtD
(Rp bn)
(35)
520
-
Avg. Loans
Outstanding
(Rp mn)
229
212
-7.2 %
No of Account
19,545
23,921
22.4 %
13.0
5.00
12.0
4.89
4.90
11.0
10.0
4.80
4.70
8.0
4.60
4.50
9.0
4.56
4.47
4.51 4.49
4.46 4.47
7.0
6.0
5.0
4.40
4.30
(%)
(Rp tr)
4.70
Interest Rate
7.0% - 13.5% eff. p.a.
4.0
3.0
Asset Quality
3Q’16
3Q’17
YoY
(%)
Special Mention
16.5
13.8
-2.7
NPL
6.1
6.0
-0.2
2.0
4.20
4.10
1.0
-
13
Deposit Breakdown (bank only)
Current Account
Savings Account
Time Deposit
100
Deposits
Breakdown
(Rp bn)
3Q’16
3Q’17
YoY
(%)
Current Account
27,252
25,682
-5.8%
Saving Account
12,650
14,461
14.3%
Time Deposit
33,097
46,406
40.2%
TOTAL
72,999
86,550
18.6%
CASA Ratio (%)
54.7
46.4
-8.3
Currency
(Rp bn)
3Q’16
3Q’17
YoY
(%)
IDR
72,302
85,998
18.9%
Forex
697
552
-20.9%
90
80
70
46.4
(Rp tr)
60
37.4
33.8
33.1
38.9
29.7
50
40.1
39.2
29.8
40
11.4
10.2
12.5
30
12.6
14.3
13.3
15.6
14.5
16.8
20
29.5
10
0
29.3
18.6
26.0
27.3
24.8
17.1
24.2
25.7
14
Special Mention Loans
Consumer (LHS)
Micro (LHS)
Commercial (LHS)
Mortgage (LHS)
% to Loans (RHS)
2,000
Consumer
2.0
694
1,200
1,000
336
729
579
739
720 723
106 109 271
389
278
706
286
400
-
776
272
75
298
109 101 151 149
1.5
47
1.0
62
696 761
109 227
281 234 155
76
377
80%
Special Mention Contribution (%)
Absolute Special Mention Loans (Rp bn)
2.5
Special Mention/Total Loans (%)
702
1,400
200
Mortgage
90%
1,600
600
Commercial
100%
3.0
1,800
800
Micro
41
48
70%
60
59
54
45
50%
18
20
18
40%
19
9
9
4
19
21
21
3
4
30%
26
23
8
19
7
12
0.5
184
33
21
10%
7
-
52
60%
20%
501
55
37
8
12
12
37
40
17
0%
15
Absolute Non Performing Loans
Consumer (LHS)
Micro (LHS)
Commercial (LHS)
Mortgage (LHS)
% to Loans (RHS)
Consumer
Micro
Commercial
Mortgage
100%
2,500
4.0
90%
18
18
24
26
25
3.5
31
80%
31
31
28
340
2.5
1,500
298
567
373
526
1,000
2.0
463 311
274
1.5
302
335 315 326
378
355
500
968
362 378 381 403
1.0
70%
NPL Contribution (%)
3.0
Non Performing Loan/Total Loans (%)
Absolute Non Performing Loans (Rp bn)
2,000
30
33
30
60%
31
33
34
50%
37
36
37
40%
30%
51
47
43
40
39
20%
26
32
28
3
4
24
754 674
488 421
-
40
34
58
40
39
0.5
338 287
31
37
278 257
81
113
-
10%
0%
2
2
4
3
4
8
11
16
Yield Analysis
Others
1.4%
Placement to
BI
10.6%
Interbank
Placement
2.3%
Marketable
Securities
12.7%
Loans
72.9%
Time Deposit
48.5%
Interbank Lending
7.0%
Bonds
2.4%
Current
Account
26.9%
Savings
Account
15.1%
Asset Yield
(%)
3Q’16
3Q’17
Placement to Bank Indonesia
1.7
2.4
Interbank Placement
3.3
3.3
Securities
7.2
6.9
Loans Yield
14.7
14.3
Others
-
-
Cost of Fund
(%)
3Q’16
3Q’17
Interbank Liabilities
5.2
4.8
Securities
9.0
9.7
Deposits From Customers
4.8
4.9
Current Account
2.0
1.8
Time Deposit
7.9
7.4
Savings Account
Loans received
1.6
1.6
5.2
5.4
17
Capital Adequacy
Risk Weighted
Asset (RWA)
3Q’16
3Q’17
YoY
(%)
Total RWA
46,108
52,760
14.4 %
Credit Risk
36,299
42,730
17.7 %
Operational Risk
9,157
9,157
-
Market Risk
652
873
34.0 %
RWA/Total Asset
48.2%
49.0%
+0.8%
tier-1
7,901
8,097
2.5 %
tier -2
454
534
17.7 %
Total Capital
8,355
8,631
3.3 %
Tier-1 CAR
17.1%
15.3%
-1.8%
Total CAR
18.1%
16.4%
-1.8%
•Total Capital to Rp 8.6 tr ( Rp 276 bn YoY)
• Total CAR at 16.4% (-176 bps YoY)
CAR Analysis
Addition to
Net Impact
RWA/
Risk
to CAR
Weighting Rp1tr Net
(%)
Expansion
Consumer Loans
50%
Rp 500bn
0.15
Micro Loans
75%
Rp 750bn
0.23
Commercial Loans
100%
Rp 1tr
0.30
Mortgage Loans
40%
Rp 400bn
0.12
18
Consumer Loan Details
19
Civil Servant Loans
Civil Servant Loans (LHS)
NPL (RHS)
40
0.5
35.2
35
33.7
36.9
36.6
35.8
34.3
0.4
30
25
0.3
(%)
0.27
(Rp tr)
3Q’16
3Q’17
YoY
(%)
Loans Outstanding
36,113
37,106
2.7 %
Net Expansion
YtD
(Rp bn)
1,805
518
-71.3 %
Avg. Loans Outstanding
(Rp mn)
110
112
1.6 %
No of Account
328,606
332,356
1.1 %
37.1
36.6
36.1
Key Indicators
20
0.2
15
Median Interest Rate
14.50%-16.25% eff. p.a
0.19
10
0.11
0.11
0.09
5
0.08
0.08
0.1
3Q’16
3Q’17
YoY
Special
Mention
0.76
1.82
+1.06
NPL
0.09
0.27
+0.18
0.09
0.07
0
Asset
Quality
0.0
20
Pensioner Loans
Pensioner Loans (LHS)
NPL (RHS)
12,000
Key Indicators
3Q’16
3Q’17
YoY
(%)
Loans
Outstanding
6,710
9,670
44.1 %
Net Expansion
YtD
(Rp bn)
2,801
2,033
-27.4 %
Avg. Loans
Outstanding
(Rp mn)
118
130
10.2 %
No of Account
56,943
74,441
30.7 %
0.5
0.44
9,670
10,000
0.4
8,470 9,291
8,000
0.3
(%)
(Rp tr)
6,710 7,637
6,000
4,494
5,643
0.2
Median Interest
Rate
0.15
4,000 3,556
0.12 3,909
14.50%-18.48% eff. p.a
0.10
0.12
2,000
0.09
0.11
0.1
0.10
0.08
0
0.0
Asset
Quality
3Q’16
3Q’17
YoY
Special
Mention
0.36
0.89
+0.53
NPL
0.10
0.15
+0.05
21
Sharia Business Performance
3Q17 bank bjb Sharia
22
Result Summary
Income
Statement
Balance
Sheet
Ratios
• Net Financing Income at Rp 267bn (+7.3% YoY)
• Operating Expenses at Rp 682 bn (-51.1% YoY)
• Net Loss at Rp 223 bn (-5.8% YoY)
• Total Financing at Rp 5.4 tr (+2.1% YoY)
• Total Deposit at Rp 5.6 tr (+13.0% YoY)
• Total Asset at Rp 7.4 tr (+7.3% YoY)
•
•
•
•
NIM at 4.8% (-25bps YoY)
ROA at -5.3% (-84bps YoY)
ROE at -42.6% (-644bps YoY)
NPF Gross at 19.2%( +673bps YoY)
23
Key Ratios
Sharia
(%)
3Q’16
3Q’17
YoY
CAR
23.1%
13.1%
-10.0%
NPF Gross
12.5%
19.2%
+6.7%
NPF Nett
4.1%
2.1%
-2.0%
ROA
-6.2%
-5.3%
+0.9%
ROE
-36.1%
-42.6%
-6.5%
BOPO
118.7%
132.5%
+13.8%
FDR
107.4%
97.1%
-10.3%
NIM
5.0%
4.8%
-0.2%
24
Income Statement
Income Statement
(Rp mn)
3Q’16
3Q’17
YoY
(%)
Financing Income
541,121
563,747
4.2%
Financing Expense
292,021
296,508
1.5%
Net Financing Income
249,100
267,239
7.3%
Other Operating Income
833,689
117,612
-85.9%
Operating Expense
1,393,938
681,819
-51.1%
Operating Income
(311,149)
(296,968)
-4.6%
Non Operating Income (Expense)
885
4,412
398.5%
Income (Loss) Before Tax
(310,264)
(292,556)
-5.7%
Tax Expense
73,134
69,064
-5.6%
Net Loss
(237,130)
(223,492)
-5.8%
25
Balance Sheet
BS highlight
(Rp Mn)
3Q’16
3Q’17
YoY
(%)
Cash
42,763
45,355
6.1%
Current Account with Bank Indonesia
271,578
303,795
11.9%
Secondary Reserves
1,375,843
1,957,330
42.3%
Financing-net
4,832,860
4,461,498
-7.7%
Fixed Asset-net
171,283
274,411
60.2%
Other Asset
240,424
395,362
64.4%
Total Asset
6,934,751
7,437,751
7.3%
Total Third Party Fund
4,940,247
5,581,203
13.0%
Fund Borrowings
362,427
640,016
76.6%
Others
578,863
484,844
-16.2%
Total Liabilities
5,881,537
6,706,063
14.0%
Total Equity
1,053,214
731,688
-30.5%
26
Sharia Performance
Financing
(Rp mn)
3Q’16
3Q’17
YoY
(%)
Murabahah (Trading)
4,134,601
4,364,803
5.6%
Qardh (Bridging)
67,518
65,359
-3.2%
Financing
1,089,160
971,865
-10.8%
Istishna (Pawning)
2,194
2,186
-0.4%
Total Gross Financing
5,293,473
5,404,213
2.1%
Funding
(Rp mn)
3Q’16
3Q’17
YoY
(%)
Wadiah Current Account
104,898
110,900
5.7%
Wadiah Savings Account
175,888
172,823
-1.7%
Mudharabah Current Account
226,253
224,975
-0.6%
Mudharabah Savings Account
539,791
596,271
10.5%
Mudharabah Time Deposit
3,893,417
4,476,235
15.0%
Total Funding
4,940,248
5,581,203
13.0%
27
Company Profile
bank bjb
28
Distribution Network
Others
Deposits 2.4 Tr
Loans 6.7 Tr
Micro Loans 1.38 Tr
Profit 205.8 bn
74,080 Customers
13 Branch Offices
13 Sub Branch Offices
7 Cash Offices
96 ATM Unit
442 Employees
Total bjb employees
7,712
Total bjb customers
4,395,160
Jakarta
Deposits 20.8 Tr
Loans 9.3 Tr
Micro Loans 607 bn
Profit 392 bn
132,228 Customers
9 Branch Offices
60 Sub Branches
5 Cash Offices
1 Payment Point
116 ATM Unit
547 Employees
Banten
Deposits 12.3 Tr
Loans 9.9 Tr
Micro Loans 439 bn
Profit 730 bn
889,184 Customers
8 Branch Offices
45 Sub Branches
61 Cash Offices
43 Payment Point
230 ATM Unit
780 Employees
West Java
Deposits 51.1 Tr
Loans 44.6 Tr
Micro Loans 2.2 Tr
Profit West Java 2.8 Tr
Loss Head Oficce 2.5 Tr
3,299,668 Customers
35 Branch Offices
191 Sub Branch
265 Cash Offices
105 Payment Point
898 ATM Unit
5,943 Employees
29
Branch Network Details
No
bjb Network
3Q’16
3Q’17
YoY
1
Branch
63
65
+2
2
Sub Branch
311
309
-2
3
Cash Offices
331
338
+7
4
Payment Point
138
149
+11
5
ATM
1,211
1,340
+129
6
Layanan bjb Precious
11
11
-
7
MSME Center
6
6
-
8
Mobile Cash
12
11
-1
9
Weekend Banking
11
11
-
10
Forex Branches
47
47
-
11
Branchless Banking
-
690
690
2,141
2,287
+146
Total
30
Human Capital
Level
3Q’16
3Q’17
YoY
Board of Commissioners
5
5
-
Directors
7
6
-1
Top Management
42
38
-4
Middle Management
346
363
+17
First Line Management
1,778
1,830
+52
Staff
5,344
5,464
+120
Employee in Pension Preparation
10
17
+7
Total Permanent
7,532
7,723
+191
Educational Breakdown
Up To
Bachelor
Degree 94%
Master of
Doctorate 6%
Age Breakdown
18-30
64%
SDM
475
528
+53
31-40
28%
>50
2%
41-50
6%
31
Ownership
Ownership Structure
3Q16
3Q17
Founder (A Series)
75.00
75.00
West Java Provincial Government
38,26
38.26
West Java Municipal Governments
23,61
23.61
Banten Provincial Government
5,37
5.37
Banten Municipal Governments
7,76
7.76
Public (B Series)
25,00
25.00
Local Retail
3.66
6.34
Local Institution
8.91
14.22
Foreign Retail
0.02
0.15
Foreign Institution
12.41
4.29
32
2017 Awards
Brand Finance & SWA –
“TOP 100 Best Valuable
Indonesian Brands”
SWA – “Indonesia Best Public
Companies 2017 (Rank 4th &
Rank 9th Overall)”
Business News –
“TOP BUMD 2017 Best Over All”
Indohousing – “Most Excellent
Service Performance Bank
for Housing Loan Program”
Business News –
“TOP BPD 2017”
Business News –
“TOP CEO 2017”
Infobank – “Titanium Trophy Bank
dengan Kinerja Keuangan
Sangat Baik Selama Tahun 2016”
SWA –
“Indonesia Original Brand 2017
(Rank 1st)”
Markplus – “Silver Champion
Bandung WOW Service
Excellence Award 2017 (Buku
III)”
33
2017 Awards
Annual Report Award
Tahun Buku 2016 –
“Annual Report Award
Tahun Buku 2016 (Rank
1st )
SWA – “The Indonesian Living
Legend Companies”
Bisnis Indonesia Financial Award
2017 –
“The Best Performing Bank”
Tempo – “The Best Bank in Retail
Banking Services”
Forbes Indonesia - Best of the
Best Awards 2017 TOP 50
Companies (Rank 18th )
Koran SINDO –
“Apresiasi Inovasi”
Tempo – “The Most Efficient Bank”
PR Indonesia –
“Best Communicators 2017”
Tempo – “The Most Reliable Bank”
34
2017 Awards
AAEI & CSA Intitute –
Tribute From West Java Province – Excellence Service Experience Awards
“One of The Best Stock for
(ESEA) 2017 “CSR Partner”
Yuk Nabung Saham Program 2017”
“Regular Banking Category”
Ministry of Finance –
Best Tax Contribution 2016
Galamedia Awards 2017 –
“Housing Tax Initiative”
Contact Center Service
Excellence Awards 2017 –
“Best Call Center Regular Banking”
Markplus.Inc Awards –
“Mr. Ahmad Irfan as
Marketing Champion 2017”
Markplus.Inc Awards –
“Mr. Ahmad Irfan as Marketeer
of The Year 2017”
35
Share Price Performance
Volume (RHS)
3550
Price (LHS)
Investor Relations Group
Menara bank bjb 7 th Floor
Jl. Naripan 12 – 14
Bandung 40111
+6222 4234868
ext 7140/7141
ir@bankbjb.co.id
200
180
3050
160
Contact Person:
Muhammad As’adi Budiman
Deputy Corporate Secretary
mbudiman@bankbjb.co.id
140
Rp/share
120
2050
100
80
1550
Million Shares
2550
Sani Ikhsan Maulana
IR Head
smaulana@bankbjb.co.id
Anjas Septa Lesmana
Senior Officer
aslesmana@bankbjb.co.id
60
40
1050
20
550
Siti Khairina Wahyujati
Officer
swahyujati@bankbjb.co.id
Trifani Rahayu
Staff
trahayu@bankbjb.co.id
0
Farizzaka Putra
Staff
fputra@bankbjb.co.id
Source: Bloomberg
36
Disclaimer : This report has been prepared by PT Bank Pembangunan Daerah Jawa Barat & Banten, Tbk. (bank bjb) independently and is circulated
for the purpose of general information only. It is not intended to the specific person who may receive this report. The information in this report has
been obtained from source which we deem reliable. No warranty (expressed or implied) is made to the accuracy or completeness of the information.
All opinions and estimations included in this report constitute our judgment as of this date and are subject to change without prior notice. We
disclaim any responsibility or liability without prior notice of bank bjb and/or their respective employees and/or agents whatsoever arising which
may be brought against or suffered by any person as a result of acting in reliance upon the whole or any part of the contents of this report and
neither bank bjb and/or its affiliated companies and/or their respective employees and/or agents accepts liability for any errors, omissions, negligent
or otherwise, in this report and any inaccuracy herein or omission here from which might otherwise arise.
Menara bank bjb
Jl. Naripan 12 – 14
7 th Floor
Bandung 40111
Telp. +6222 4234868