BJBR AM 4Q2013 English

Bigger, Stronger, Better
bank bjb
FY13 Analyst Meeting

Table of Content
Pg. 5

Result Summary

Pg. 10

Loans Breakdown

Pg. 15

Deposit Breakdown

Pg. 16

Asset Quality


Pg. 19

Yield Analysis

Pg. 23

Consumer Loans Performance

Pg. 29

Strong Retail Funding & Number of Account Growth

Pg. 32

Subsidiaries Performance

Pg. 38

Company Profile


2

Macroeconomic
Bank Indonesia Rate Increased 175 bps To 7.50%
GDP Growth

Consumer Confident Trends Remain Stable

BI Rate

Consumer Confidence Index

12

140

10
Index (points)

120


6
4

80
60
40

2

20

0

0

Source: Bloomberg

Source: Bloomberg


Higher Inflation on New Subsidized Fuel Price
CPI

Global Influence on Weaker Bond Market and IDR

1M JIBOR

USDIDR

14
12
8
6
4
2
0

Source: Bloomberg

USD IDR


10
(%)

100

13000
12000
11000
10000
9000
8000
7000
6000

10Yr Govt Bond
25
20
15
10

5
0

Source: Bloomberg

3

Yield (%)

(%)

8

Banking Sector

YoY Growth (%)

40.0

Loans Growth


Deposit Growth

35.0

As of Des‘13, banking sector data shows:

30.0

• Loans +21.6%YoY to Rp 3,292tr (Investment loans

25.0

+34.95% YoY, working capital +20.43%, consumer

20.0
15.0

loans +13.67%)


10.0

• Deposit +13.6% YoY to Rp 3,663tr (CASA +11.69%
YoY, Time Deposit +16.16% YoY, CASA Ratio 56.21%)

5.0

• NPL -10bps YoY to 1.87%

-

• ROA -3bps YoY to 3.08%
Source: Bank Indonesia

Investment Loans

WC Loans

Consumer Loans


YoY Growth (%)

60.0

Des ’12

Des ’13

YoY (%)

50.0

Total Loans

2,707

3,292

21.60


40.0

Total
Deposit

3,225

3,663

13.60

20.0

LDR

83.94

89.87

+5.93


10.0

NPL

1.87

1.77

-0.10

ROA

3.11

3.08

-0.03

30.0

-

Source: Bank Indonesia

4

Result Summary

Income
Statement






Net Interest Income at Rp 4.8tr (+30.8% YoY/ +2.5% QoQ)
PPOP at Rp 2.2tr (+27.7% YoY/ -14.9% QoQ)
LLP at Rp 616bn (+52.7% YoY/ +72.0% QoQ)
Net Income at Rp 1.37tr (+15.3% YoY/ -19.7% QoQ)

Balance
Sheet






Total Loans at Rp 45.3tr (+28.1% YoY/ +2.8% QoQ)
Total Financing at Rp 3.6tr (+21.5% YoY/ -3.5% QoQ)
Total Deposit at Rp 49.9tr (-1.2% YoY/ -11.6% QoQ)
Total Asset at Rp 70.9tr (+0.2% YoY/ -6.5% QoQ)

Ratios
(bank only)






NIM at 8.0% (+120bps YoY/ -9bps QoQ)
ROA (Net) at 2.1% (+11bps YoY/ -10bps QoQ)
ROE (Net) at 22.2% (+91bps YoY/ -128bps QoQ)
NPL (Gross) at 2.8% (+77bps YoY/ +37bps QoQ)

5

Target vs. Realization

(%)

Target

1Q13

2Q13

3Q13

FY13

Loans Growth

25% - 28%

36.0

33.7

34.3

28.1

Deposit Growth

18% - 22%

-5.1

10.6

7.3

-1.2

ROA (net)

1.8% - 2.0%

2.4

2.2

2.2

2.1

ROE (net)

20% - 22%

24.2

24.3

23.5

22.2

NIM

6.8% - 7.2%

8.2

8.2

8.0

8.0

Cost of Fund

5.0% - 5.5%

4.6

4.6

4.8

4.9

Cost to Income
Ratio

51% - 54%

55.0

54.7

55.6

56.1

Gross NPL

1.5% - 2.0%

2.1

2.3

2.5

2.8

Credit Cost

1.0% - 1.4%

1.2

1.3

1.2

1.3

CASA Ratio

40% - 45%

50.0

48.5

49.3

60.2

6

Key Ratios (bank only)
Key Ratios

FY12

1Q13

2Q13

3Q13

FY13

ROA (net)

1.9

2.4

2.2

2.2

2.1

ROE (net)

21.3

24.2

24.3

23.5

22.2

Cost to Income Ratio

56.5

55.0

54.7

55.6

56.1

Expenses Ratio

80.0

74.4

75.9

77.0

79.4

Asset Yield

12.0

12.8

12.7

12.8

12.9

Cost of Fund

5.2

4.6

4.6

4.8

4.9

NIM

6.8

8.2

8.2

8.0

8.0

LDR

74.1

83.2

80.8

82.2

96.5

Special Mention Loans

3.0

3.9

3.9

3.8

3.7

Gross NPL

2.1

2.1

2.3

2.5

2.8

Net NPL

0.5

0.7

0.6

0.6

0.6

Coverage Ratio

82.9

78.1

81.8

82.9

79.7

Provision/Total Loans

1.7

1.6

1.9

2.0

2.3

Credit Cost

1.2

1.2

1.3

1.2

1.3

CAR

18.1

17.2

16.4

16.4

16.5

Profitability

Cost Ratios

Yield

Asset Quality

Capital

7

Income Statement
Income Statement
(Rp bn)

FY12

FY13

YoY
(%)

Interest Income

6,796

8,133

19.7%

Interest Expense

(3,140)

(3,351)

6.7%

Net Interest Income

3,655

4,782

30.8%

Fee Based Income

247

293

18.6%

Operating Expense

(2,164)

(2,815)

30.1%

Gain (Loss) on Financial Statement

15

(22)

-

PPOP

1,753

2,238

27.7%

Loan Loss Provision

(404)

(616)

52.7%

Non Operating Income

163

131

-19.6%

PBT

1,512

1,753

15.9%

Tax Expense

(319)

(376)

17.9%

Net Income

1,193

1,376

15.3%

8

Balance Sheet
Balance Sheet
(Rp bn)

FY12

1Q13

2Q13

3Q13

FY13

YoY
(%)

Cash

1,795

1,570

1,684

1,768

2,595

44.6%

Current Account with
Bank Indonesia

4,666

3,659

4,127

4,249

4,454

-4.5%

Secondary Reserves

24,075

19,887

19,926

19,740

13,135

-45.4%

Loans – net

34,769

37,198

41,046

43,154

44,289

17.6%

Financing – net

2,834

2,965

3,295

3,626

3,532

24.6%

Fixed Asset - net

735

1,002

1,010

1,006

699

-4.9%

Other Asset

1,967

2,126

2,333

2,316

2,254

14.6%

Total Asset

70,841

68,407

73,421

75,860

70,958

0.2%

Total Third Party Fund

50,608

48,638

55,060

56,560

49,997

-1.2%

Marketable Securities
Issued

2,395

2,395

2,396

2,396

2,397

0.1%

Fund Borrowings

8,934

9,036

8,167

8,668

8,816

-1.3%

Others

2,895

2,625

1,711

1,792

3,030

4.7%

Total Liabilities

64,832

62,694

67,334

69,417

64,240

-0.9%

Total Equity

6,009

5,713

6,087

6,443

6,718

11.8%

9

Loans Breakdown (bank only)
Consumer

Micro

Commercial

Mortgage

Segment
(Rp bn)

FY ’12

FY ’13

YoY
(%)

Consumer

22,626

28,857

27.5 %

7.0

Micro

4,545

5,353

17.8 %

5.3

Commercial

6,337

6,989

10.3 %

Mortgage

1,721

3,911

127.2 %

Total Gross
Loans

35,229

45,110

28.0 %

50

3.9

45

3.5
2.9

40

2.3
7.0

1.7
6.5

35
0.9

(Rp tr)

30
0.1
25

20

0.2

0.5 0.7

1.2
5.8
6.3

5.3

5.5

5.6
5.1

4.3
4.5
0.1
4.1
4.6 4.4
0.1
3.6
4.2
3.7
3.0 3.1
3.7
2.7 2.9
2.5
2.4

15

10

5.5

18.0
16.0 16.7

18.5 19.2 19.7

21.4 21.8 22.6

24.5

26.7 27.9

28.8

Currency
(Rp bn)

FY ’12

FY ’13

YoY

IDR

34,979

44,867

+28.3%

Forex

250

243

-2.8%

5

0

10

Consumer Loans
Civil Servant Loans (LHS)

Pensioner Loans (LHS)

NPL (RHS)

Key Indicators

FY ‘12

FY ’13

YoY
(%)

Loans Outstanding

22,626

28,857

27.5 %

Net Expansion
(Rp bn)

3,458

6,231

80.2 %

Avg. Loans
Outstanding
(Rp mn)

65

84

28.6 %

No of Account

345,966

343,122

-0.8 %

1.0

35

0.9
30
1.74
1.46

2.02 0.8

1.11

25

0.7

0.80
0.60 0.63
(Rp tr)

0.47
0.44

0.50

0.54

0.5

0.45

(%)

20

0.6

0.56

15
26.8
25.3 26.1
10
15.5 16.3

18.6
17.5 18.0

19.2

20.8 21.2

21.8

0.4

Interest Rate

15.00%-18.48% % eff. p.a

23.4
0.3

0.2

Asset Quality

FY ‘12

FY ’13

YoY

Special Mention

0.20

0.22

+0.02

NPL

0.13

0.12

-0.01

5
0.1

0

0.0

11

Micro Loans
KMU (LHS)

Govt Program (LHS)

KCR (LHS)

NPL (RHS)

Key Ratios

FY ‘12

FY ’13

YoY
(%)

12.0

Loans Outstanding

4,545

5,353

17.8 %

0.7

10.0

Net Expansion
(Rp bn)

1,570

808

-48.5%

1.3

8.0

Avg. Loans
Outstanding
(Rp mn)

54

56

3.5 %

No of Account

83,809

95,354

13.8 %

6.0

0.7 0.7

5.0
0.6
0.6

1.3 1.2

4.0
1.2
1.2

0.6
3.0
0.7 0.6

0.7

1.1

0.6

Interest Rate*

22.0% - 27.0% eff. p.a.

1.1

0.7
2.0

6.0

(%)

(Rp tr)

0.7

0.7

0.7 0.9

1.0

1.1 1.1

4.0

1.1

3.2

3.6 3.6 3.4

2.7
2.3

1.0

1.9

FY ‘12

FY ’13

YoY

Special Mention

12.5

16.8

+4.3

NPL

4.1

11.3

+7.2

2.0

1.4
1.2 1.2

1.0 1.0

Asset Quality

1.1
-

0.0

*Kredit Mikro Utama

12

Commercial Loans
Working Capital (LHS)

Investment (LHS)

Syndicated (LHS)

NPL (RHS)

8.0

7.0

0.8

0.7
5.0

1.0

0.8
0.6

(Rp tr)

0.9

0.8

0.6
4.0

0.6
0.5 0.5 0.6

0.6

0.6

YoY
(%)

Loans Outstanding

6,337

6,989

10.3 %

Net Expansion
(Rp bn)

1,935

652

-66.3%

Avg. Loans
Outstanding
(Rp mn)

585

785

34.1 %

No of Account

10,823

8,899

-17.8 %

11.0
1.3

1.5

1.3

10.0
9.0

1.2

8.0

0.5
0.8

7.0
0.6

0.6

6.0

0.6 0.6

5.0

2.0

3.9
2.6 2.6

12.0

3.0

3.3 3.2
3.0

(%)

6.0

4.8

4.3 4.5
3.9

4.3

4.5

Interest Rate

8% -12% eff. p.a

4.0
3.0

Asset Quality

FY ‘12

FY ’13

YoY

Special Mention

5.3

5.4

+0.1

NPL

7.3

7.4

+0.1

2.0
1.0

-

FY ’13

13.0
1.0 1.0

1.0

FY ‘12

15.0
14.0

3.0

Key Ratios

-

13

Mortgage Loans
Mortgage Loans (LHS)

NPL (RHS)

4,500

15.0

Key Ratios

FY ‘12

FY ’13

YoY
(%)

Loans Outstanding

1,721

3,911

127.2 %

Net Expansion
(Rp bn)

1,268

2,189

72.6%

Avg. Loans
Outstanding
(Rp mn)

260

279

7.6 %

No of Account

6,643

14,024

111.1 %

14.0
3,911

4,000

13.0

3,506
3,500

12.0
11.0

2,916

3,000

10.0

(Rp bn)

9.0
2,500

2,287

8.0
7.0

2,000
1,721
1,500

6.0
5.0

Interest Rate

7.3% - 13.7% eff. p.a.

1,215
4.0
941

1,000
663
453

500
195
91 108 140
-

3.0

Asset Quality

FY ‘12

FY ’13

YoY

Special Mention

5.6

8.9

+3.3

NPL

2.8

3.0

+0.2

2.0
1.0
-

14

Deposit Breakdown (bank only)
Current Account

Savings Account

Time Deposit

60

50

40
26.6
(Rp tr)

28.5 24.3
32.4 30.0

18.6

22.6

23.5 20.0

20

10

19.1

FY ‘12

FY ’13

YoY
(%)

Current Account

14,528

16,361

12.6 %

Saving Account

8,699

11,777

35.4 %

Time Deposit

24,320

18,624

-23.4 %

TOTAL

47,547

46,762

-1.7 %

CASA Ratio (%)

48.9

60.2

+11.3

Currency
(Rp bn)

FY ‘12

FY ’13

YoY
(%)

IDR

47,227

46,269

-2.0%

Forex

320

493

+54.1%

27.0

30

18.9

Deposits
Breakdown
(Rp bn)

20.9
7.6

8.2 11.8

6.3 8.7 7.1

3.8 4.0

4.4

6.0 5.0 6.0

4.7
7.5

12.0 11.7
10.0 10.0 10.8 11.0

18.2 16.4
15.7 14.5 15.5 17.4

0

15

Asset Quality
Credit Provision (LHS)

Absolute NPL (LHS)

Coverage Ratio (RHS)
180

1,400

Gross NPL
(%)
(Bank only)

FY ‘12

FY ’13

YoY
(%)

Write Off
(Rp bn)

Consumer

0.13

0.12

-0.01

2

Micro

4.1

11.3

+7.2

195

Commercial

7.3

7.4

+0.1

73

Mortgage

2.8

3.0

+0.2

-

Total

2.1

2.8

+0.7

270

1,277
160
1,200
1,081
140
1,017
962
896
120

1,000

600

754
701 699 679

728

516

508

534
480

406
400

100

648

587

575

796
786
(%)

(Rp bn)

800

441

603 621
557

80
Gross NPL
3.0

60

(%)

200
20

2.1 2.1
1.2 1.2

1.0
0.3

2.3

2.5

1.7

1.5

0.5
0

2.8

2.6

2.0 1.8

40

-

2.2 2.3

2.5

324 334

Net NPL

0.5

0.7 0.8

0.4

1.4
0.6 0.5 0.5 0.7 0.6 0.6 0.6

0.2

0.0

16

Special Mention Loans
Consumer (LHS)

Micro (LHS)

Mortgage (LHS)
1,800

Consumer

Commercial (LHS)

% to Loans (RHS)

100%

4.5

1

2

Micro

2

4

Commercial

2

5

294 347
254

1,600

304 323
378

3.0

96 420
1,000

2.5
44

800

600

7
3

7 15

790

224

138

247 278

9971,011
900

1.5

1.0

190 113
159
147 195

-

2.0

339

9 438 365

400

200

60 516

524 570
332 344

95
21 33 25 28 19 37 37 51 46 67 63 54 64

0.5

-

Special Mention Contribution (%)

3.5
88

9

70%

14 16
17

21

28

80%
Special Mention/Total Loans (%)

Absolute Special Mention Loans (Rp bn)

210

1,200

7

90%

4.0

1,400

7

Mortgage

54

42

46 46

19

32
28

44
51 45

19
22

60%
50%
40%

61

30%
37

42 47

54 53

52
39

62 60

53

43 44

20%
10%
8
0%

9

6

7

4

4

5

4

4

4

4

3

4

17

Non Performing Loans
Consumer (LHS)

Micro (LHS)

Commercial (LHS)

Mortgage (LHS)

% to Loans (RHS)

Consumer
100%

3.0

1,400

2

2

Commercial

2

0

4

Mortgage

1
6

7

9

9

10

9

90%

119
1,200

2

Micro

2.5

80%

87
517

2.0

68
800

48

454

11

1.5
467

10

600

32

10

408
5

400

9
455

12

200

-

320

297

2

409

1.0

464

495

211

378

79

78

73

65

51

49

42

40

64

40%

30%

10%

-

53

50%

0%

31

24

0.5

289

201 186
149
137
114
98
78
58 75
19 22 24 24 23 22 22 27 29 30 29 31 34

79

20%

484

196

60%

63

34

607
277

59

70%

NPL Contribution (%)

1,000

Net Performing Loan/Total Loans (%)

Absolute Net Performing Loans (Rp bn)

112

14

15

17

5

4

4

36

7

39

4

3

48

3

3

26

22

3

36

45

7

5

5

4

18

Yield Analysis
Others
Placement to
1%
Bank
Indonesia
8%
Interbank
Placement
3%

Loans
70%

Marketable
Securities
18%

Savings
Account
21%

Current
Account
29%

Time Deposit
33%

Bonds
4%

Interbank
Lending
9%

Asset Yield

FY ‘12

FY ’13

Placement to Bank
Indonesia

4.1

4.2

Interbank Placement

3.3

3.3

Securities

4.6

5.5

Loans Yield

17.7

16.4

Others

0.3

0.5

Cost of Fund

FY ‘12

FY ’13

Interbank Liabilities

3.9

5.0

Securities

10.8

11.8

Deposits From Customers

5.1

4.7

Current Account

2.2

2.2

Time Deposit

6.8

7.0

Savings Account

2.1

1.9

Loans received

0.1

0.0

19

Customer Based
Strong Customer Based on Consumer Loans
Consumer

100%

Commercial

Mortgage

Government

0.2 0.2 0.2 0.2 0.4 0.6 0.9 1.1 1.5 1.9
2.3 2.7 3.0
3.1 2.8 2.8 2.8 2.4 2.2 2.6 2.6 2.4 2.0 2.2
2.1 1.9

12.3 12.9 13.7 14.6 14.8 15.2

19.9 20.7 20.8 20.7

80%

70%

70%

60%
50%
84.5 84.1 83.2 82.3 82.4 82.0

Retail

90%
16.3 17.6 18.7

80%

40%

Corporate

100%

80.2 78.7 77.4

76.2 74.8 74.3 74.4

Funding Proportion (%)

Lending Proportion (%)

90%

Micro

Fast Growing Retail Funding

60%

85.7 85.1 85.6 85.3 83.7 85.0 84.4 84.1 84.3 84.5 84.3 86.6

92.0

50%
40%

30%

30%

20%

20%

10%

10% 13.1 13.4 13.3 13.7

15.3 13.7 14.4 14.7 14.5 14.4 14.8

12.6

1.2 1.5 1.1 1.1 1.0 1.3 1.2 1.2 1.2 1.2 0.9 0.8 7.6
0.4
0%

0%

20

Capital Adequacy
Risk Weighted
Asset (RWA)

FY ‘12

Total RWA

25,244

32,351

28.2 %

Credit Risk

19,512

24,933

27.8 %

FY ’13

YoY (%)

Operational Risk

5,191

6,254

20.5 %

Market Risk

541

1,165

115.1 %

RWA/Total Asset

37.7%

48.5%

10.8%

tier-1

4,650

5,350

15.1 %

tier -2

(78)

(10)

-87.2 %

Total Capital

4,572

5,340

16.8 %

Tier-1 CAR

18.4%

16.5%

-1.9%

Total CAR

18.1%

16.5%

-1.6%



Total CAR at 16.5% (-160bps YoY/ +8bps QoQ)



Total tier-1 capital at Rp5.3tr (BUKU 3 category).

CAR Analysis

Addition to
Net Impact
Risk
RWA/
to CAR
Weighting Rp1tr Net
(%)
Expansion

Consumer Loans

50%

Rp.500bn

0.25

Micro Loans

75%

Rp.750bn

0.37

Commercial Loans

100%

Rp.1tr

0.49

Mortgage Loans

40%

Rp.400bn

0.20

21

Consumer Loan Details

22

Consumer Loans Performance

Growth

• Overall Consumer Loans at 28.9 tr (+27.5% YoY/ +3.5% QoQ)
• Net Expansion of +Rp6.2tr YoY/ +Rp985bn QoQ
• Consumer Loans portfolio contribution total loans at 64.0%
( -25bps YoY/ +43bps QoQ)

Quality






Overall NPL at 0.12 % (-1bps YoY/ 0bps QoQ)
Absolute NPL at Rp 33.7bn (+4.4bn YoY/ +2.4bn QoQ)
Special Mention Loans at 0.22% (+2bps YoY/ +3bps QoQ)
Absolute Special Mention Loans at Rp 63.7bn (+18.1bn YoY / +9.8bn QoQ)

23

Consumer Loans
Civil Servant Loans (LHS)

Pensioner Loans (LHS)

NPL (RHS)
35

1.0

Key
Indicators

FY’12

FY ‘13

YoY
(%)

Loans Outstanding

22,626

28,857

27.5 %

Net Expansion
(Rp bn)

3,458

6,231

80.2%

Avg. Loans
Outstanding
(Rp mn)

65

84

28.6 %

No of Account

345,966

343,122

-0.8 %

0.9
30
1.46

1.742.02 0.8

1.11

25

0.7

0.80
0.600.63

0.470.50
0.44

0.54

0.56

0.5

0.45

15

10
15.516.3

0.12

20.821.221.8

0.4

0.13
0.13

0.13

0.11
0.12

0.10

0.12
0.13

Median Interest
Rate

15.00%-18.45% % eff. p.a

0.3
0.2

0.13

5

0

17.5

19.2
18.018.6

23.4

26.8
25.326.1

(%)

(Rp tr)

20

0.6

0.11
0.11

0.12

Asset
Quality

FY’12

FY‘13

YoY

Special
Mention

0.20

0.22

+0.02

NPL

0.13

0.12

-0.01

0.1
0.0

24

Civil Servant Loans
Civil Servant Loans (LHS)

NPL (RHS)
0.5

30
26.8

Key
Indicators

Dec ’12

Dec ‘13

YoY
(%)

Loans Outstanding

21,829

26,839

23.0 %

Net Expansion
(Rp bn)

3,196

5,010

56.8%

Avg. Loans
Outstanding
(Rp mn)

67

85

28.1 %

No of Account

327,671

314,504

-4.0 %

25.3
26.1

25

0.4
21.8 23.4

20.8
20
17.5

19.2

0.3

18.0

15.5

(%)

(Rp tr)

21.2

18.6

16.3

15

0.2

Median Interest
Rate

10
0.13

0.12

0.11
0.13

5

0

0.13

0.11

0.12

0.11

0.10

0.13

0.12

0.12

15.00%-18.45% % eff. p.a

0.11

0.1

0.0

Asset
Quality

Dec ’12

Dec ‘13

YoY

Special
Mention

0.18

0.21

+0.03

NPL

0.13

0.12

-0.01

25

Pensioner Loans
Pensioner Loans (LHS)

NPL (RHS)
1.5

2,500

1.3

Key
Indicators

FY’12

FY‘13

YoY
(%)

Loans
Outstanding

797

2,018

153.2 %

Net Expansion
(Rp bn)

261

1,221

367.8%

Avg. Loans
Outstanding
(Rp mn)

44

71

61.9 %

No of Account

18,295

28,618

56.4 %

2,018
2,000
1,743

(Rp bn)

0.7

1,109
1,000

0.5

797
536 564

471 497
500 439 452
0.11
0.10
0.12
0

0.10

601 633

Median Interest
Rate

15.00%-18.45% % eff. p.a

0.3

0.20

0.10

0.10

(%)

0.9

1,464

1,500

1.1

0.11

0.11

0.09

0.15
0.08

0.12

0.1

-0.1

Asset
Quality

FY’12

FY‘13

YoY

Special
Mention

0.74

0.40

-0.34

NPL

0.15

0.12

-0.03

26

Special Mention Loans
Pensioner Loans (LHS)

Civil Servant Loans (LHS)

Civil Servant Loans

Pensioner Loans

Special Mention Loans (RHS)
100%

0.5

80

4.3 3.6 3.6

7.5 5.9 5.0 7.2

95.7 96.4 96.4

92.5 91.4 95.3 92.6

10.8 12.9 8.3 10.3 10.5 12.8

90%
70

8.1
5.7

50

0.3

5.5
5.9

40

0.3

1.8 2.7
0.2

1.2 1.2
30

0.2

0.2 0.2

0.2

1.9
20

0.2

0.2

0.2

0.2

0.2

0.9
0.1

Special Mention Laons Contribution (%)

6.5

Special Mention Loans (%)

Absolute Special Mention Loans (Rp bn)

60

80%

0.4

5.6

70%

60%

50%

89.2 87.1 91.7 89.7 89.5 87.2

40%

30%

0.1 1.1
0.1

20%

0.1
10

10%
19.9 31.6 31.6 23.2 17.2 35.0 34.7 45.3 39.8 61.3 56.2 48.3 55.6

0

-

0%

27

Non Performing Loans
Civil Servant Loans (LHS)

Pensioner Loans (LHS)

Civil Servant Loans (LHS)

NPL (RHS)

100%
0.5

40

Pensioner Loans (LHS)

2.7 2.3 2.3 2.1 2.3 2.6 2.9 4.5 4.1 4.1 3.9 5.2
7.2

90%
35
80%
2.4
1.2

1.3

1.6

70%

1.1

25

0.3

0.5
0.5 0.6 0.7

0.5 0.5
20

NPL (%)

Absolute NPL (Rp bn)

1.2

0.5

15
26.2

28.1 29.0 28.1

29.7

31.3 0.2

NPL Contribution (%)

30

0.4

60%

97.9
97.7 97.7

50%
97.3

91.5 96.7
95.5
96.1

95.9
95.9

96.1
94.8 92.8

40%

30%

23.2

10

21.1 21.1
21.1 21.1 21.3
18.7 0.1 0.1 0.1
0.1 0.1 0.1
0.1
0.1

0.1 0.1

0.1
0.1 0.1

0.1

5

0

20%

10%

0.0

0%

28

Strong Retail Funding & Number of Account Growth

29

Saving Accounts & NoA Growth on Retail Funding
Time Deposit
Current Account

Savings Account
No of Accounts
5.0

16
4.6
0.5

14

4.5

Key Ratios

FY’12

FY’13

YoY
(%)

Total Outstanding

11,517

14,671

27.4 %

Funding Contribution
(%)

24.2

31.4

7.2

Net Expansion

2,177

3,154

44.8 %

No of Account

1,717,477

4,618,788

-

CASA Ratio

66.1

72.4

6.3

4.0

12
0.5
0.2

10

0.2

0.2 0.4

0.3

0.4

0.4

0.3

3.7
0.4
3.5

0.2 0.2

(Rp tr)

2.7

10.2

2.4

8
7.2
6

3.0

2.1 7.5
6.9
7.5
7.4
2.0
1.9
6.6
1.9 6.8
6.5 1.8 1.9 7.0
1.7 1.7 1.8 6.6

7.9 8.1

2.5
2.0

Time
Deposit
27.6

Current
Account
3.1

1.5
4
1.0
2

0

3.9

4.1
3.4 3.1 3.0 3.5 3.1 3.2 3.2 3.3 3.6 3.7 3.7

0.5
0.0

Savings
Account
69.3

30

Good Cooperation With The Government

Retail Savings at the end of December 2013 amounted to Rp10,1 trillion, increased Rp3.0
trillion (YoY) due to the savings strategy undertaken included cooperation with Government
in raising deposits such as :


Cooperation
with
the
Ministry
of
Education
and
Culture
for distribution of Poor Students Aid Fund (BSM) for Fiscal Year 2013 to 2.4 million
poor students in West Java and Banten with managed portfolio Rp1.14 trillion.



Cooperation with Provincial Education Department of West Java and Banten
for distribution of Teacher Certification Funds and School Operational Assistance Fund
(BOS)
Programs

Funds Realization on 2013 (Rp full amount)

Poor Students Aid Fund (BSM)

438,711,670,000

School Operational Assistance Fund (BOS)

408,105,202,500

Teacher Certification Funds

1,497,343,462,457

31

Sharia Business Performance
FY13 bank bjb Sharia

32

Result Summary

Income
Statement

Balance
Sheet

Ratios
(bank only)

• Net Financing Income at Rp 265bn (+26.9% YoY)
• Operating Expenses at Rp 232bn (-4.8% YoY)
• Net Income at Rp 28bn (+255.8% YoY)

• Total Financing at Rp 3.6tr (+21.5% YoY)
• Total Deposit at Rp 3.1tr (+5.0% YoY)
• Total Asset at Rp 4.7tr (+10.7% YoY)






NOM at 6.6% (-76bps YoY)
ROA at 0.9% (+150bps YoY)
ROE at 4.7% (+791bps YoY)
NPF Gross at 1.9% (-260bps YoY)

33

Key Ratios

Key Ratios (%)

FY ‘12

FY ’13

YoY

CAR

21.1

18.0

-3.1

NPF Gross

4.5

1.9

-2.6

NPF Nett

1.0

1.2

+0.2

ROA

-0.6

0.9

+1.5

ROE

-3.3

4.7

+8.0

NOM

7.4

6.6

-0.8

Expense Ratio (BoPo)

110.3

85.8

-24.5

FDR

88.0

97.4

+9.4

34

Income Statement
Income Statement
(Rp mn)

FY ‘12

FY ’13

YoY
(%)

Financing Income

358,614

508,023

41.7%

Financing Expense

(150,124)

(243,452)

62.2%

Net Financing Income

208,490

264,571

26.9%

Other Operating Income

12,308

8,608

-30.1%

Operating Expense

(243,622)

(232,041)

-4.8%

Operating Income

(22,824)

41,138

+280.2%

Non Operating Income (Expense)

4,644

(568)

-112.2%

Income Before Tax

(18,180)

40,570

+323.2%

Tax Expense

-

(12,254)

-

Net Income

(18,180)

28,316

+255.8%

35

Balance Sheet
Balance Sheet Highlight
(Rp mn)

FY ‘12

FY ’13

YoY
(%)

Cash

21,343

26,882

26.0%

Current Account with Bank Indonesia

142,262

129,494

-9.0%

Secondary Reserves

1,047,756

771,749

-26.3%

Financing-net

2,833,959

3,531,665

24.6%

Fixed Asset-net

141,149

160,886

14.0%

Other Asset

52,980

74,413

40.5%

Total Asset

4,239,449

4,695,088

10.7%

Total Third Party Fund

2,975,062

3,122,446

5.0%

Fund Borrowings

589,030

851,600

44.6%

Others

75,915

93,284

22.9%

Total Liabilities

3,640,007

4,067,330

11.7%

Total Equity

599,442

627,788

4.7%

36

Sharia Performance
Total Financing

Financing
(Rp mn)

FY ‘12

FY ’13

YoY
(%)

Murabahah – (Trading)

1,371,920

2,144,893

56.3%

3.6

Ijarah

13,795

6,486

-53.0%

3.1 3.1

Financing

1,095,839

1,278,849

16.7%

Qardh – (Bridging)

470,770

157,914

-66.5%

Isthisna – (Pawning)

5,997

5,618

-6.3%

Total Gross Financing

2,958,321

3,593,760

21.5%

Funding
(Rp mn)

FY ‘12

FY ’13

YoY
(%)

Wadiah Current Account

210,876

245,489

16.4%

Wadiah Savings Account

83,774

101,051

20.6%

Mudharabah Savings
Account

317,431

405,104

27.6%

Mudharabah Time Deposit

2,362,981

2,370,802

0.3%

Total Funding

2,975,062

3,122,446

5.0%

Total Funding

4.0
3.6
3.5

3.53.7

3.4
3.0
3.1
3.0

3.0

2.5

2.3 2.2
2.4

(Rp tr)

2.2
2.0
1.7
1.5

1.0

0.5

0.0

1.4
1.6
1.31.6 1.6 1.6
1.1

2.0
2.1

1.8 1.8

37

Company Profile
bank bjb

38

Ownership
West Java Provincial Government

Ownership Structure

FY12

FY13

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

5,48

4,15

Local Institution

12,24

6,06

Foreign Retail

0,03

0,01

Foreign Institution

7,25

14,78

West Java Municipal Government
Banten Provincial Government
Banten Municipal Government
Public (B Series)

25
38.26
7.76

23.61
5.37

39

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

40

Distribution Network
Others
Deposits 2.0 Tr
Loans 1.9 Tr
Micro Loans 250.5
bn
Profit 13.7 bn
51,885 Customers
12 Branch Offices
12 Sub Branch
Offices
4 Cash Offices
77 ATM Unit
25 Waroeng bjb
397 Employees

Total bjb
employees
6,404
Total bjb
customers
5,022,071

Jakarta
Deposits 6.4 Tr
Loans 4.6 Tr
Micro Loans 157 bn
Loss 48.5 bn
65,024 Customers
9 Branch Offices
62 Sub Branches
7 Cash Offices
1 Payment Point
113 ATM Unit
31 Waroeng bjb
616 Employees

Banten
Deposits 8.9 Tr
Loans 6.3 Tr
Micro Loans 623 bn
Profit 623 bn
861,365Customers
8 Branch Offices
42 Sub Branches
34 Cash Offices
14 Payment Point
192 ATM Unit
100 Waroeng bjb
758 Employees

West Java
Deposits 29.4 Tr
Loans 32.3 Tr
Micro Loans 4.3 Tr
Profit West Java 3.1 tr
Loss Head Oficce 1.9 tr
4,043,797 Customers
32 Branch Offices
188 Sub Branch
221 Cash Offices
92 Payment Point
757 ATM Unit
354 Waroeng bjb
4,624 Employees

41

Branch Network Details
No

bjb Network

FY ‘12

FY ’13

YoY

1

Branch

56

62

6

2

Sub Branch

228

304

76

3

Cash Offices

140

266

126

4

Payment Point

101

107

6

5

ATM

743

1,139

396

6

Waroeng bjb (A,B & C)

207

510

303

7

Layanan bjb Precious

11

11

-

8

MSME Center

6

6

-

9

Mobile Cash

7

11

4

10

Weekend Banking

12

22

10

11

Forex Branches

25

47

22

Total

1,536

2,485

949

42

Human Capital
Level

FY ‘12

FY ’13

YoY

Board of Commissioners

6

5

-1

Directors

6

4

-2

Top Management

28

35

7

Middle Management

206

211

5

First Line Management

1,237

1,447

210

Staff

3,403

4,701

1,298

Employee in Pension
Preparation

7

1

-6

Total Permanent

4,893

6,404

1,511

Educational Breakdown
Up to High School

Up to Bachelor Degree

Masters and Doctorate

Up to
Bachelor
Degree
95.6%

Masters
and
Doctorate
4.0%
Up to High
School
0.5%

Age Breakdown
18 - 30

Micro

3,162

2,294

-868

Others

2,917

3,515

598

Total Non Permanent

6,079

5,809

-270

31 - 40

41 - 50

> 50

31 - 40
13.8%
41 - 50
7.1%

Total

10,972

12,213

1,241
18 - 30
78.1%

> 50
1.0%

43

2013 Awards

Indonesia Banking Awards –
Best Performance Banking 2013 for Bank
Category BUKU III

Indonesian Bank Loyalty Award –
The Best of Indonesian Bank Loyalty Champion

Jamsostek Regional Strategic Partner Awards
2013

Infobank Awards – Financial Performance
“Very Good” 2003 - 2012

Corruption Eradication Commission Awards–
Most Reported Gratification 2013

Service Excellent Awards –
Best Service Excellent for Conventional
Bank With Assets Under Rp 150 Trillion

44

Share Price Performance
Volume (RHS)
1600

Investor Relations Group
Menara bank bjb
7th Floor
Jl. Naripan 12 – 14
Bandung 40111
+6222 4234868
ext 7140/7141
ir@bankbjb.co.id

Price (LHS)
250

1500

1400

200

Contact Person:
Muhammad As’adi Budiman
Group Head
mbudiman@bankbjb.co.id

1300

150
Million Shares

Rp/share

1200

1100

1000

100

900

800

50

700

600

Source: Bloomberg

0

Irwan Riswandi
Manager
iriswandi@bankbjb.co.id
Ari Budiman
Officer
abudiman@bankbjb.co.id
Anjas Septa Lesmana
Officer
aslesmana@bankbjb.co.id
Simon Sihol Panggabean
Staff
spanggabean@bankbjb.co.id
Gilat Wijie Priyantama
Staff
gpriyantama@bankbjb.co.id

45

Menara bank bjb
Jl. Naripan 12 – 14
7th Floor
Bandung 40111
Telp. +6222 4234868