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  • CONSOLIDATED FINANCIAL STATEMENTS PT Bank Tabungan … · c Effective part of cash flow hedging - - - - d. Others - - - - e. Income tax 1. Valuerelated items that will be reclassified
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www.btpn.com CONSOLIDATED FINANCIAL STATEMENTS PT Bank Tabungan Pensiunan Nasional Tbk and Subsidiary 30 JUNI 2018, 2017 AND 31 DESEMBER 2017 (In million Rupiah) OPERATING INCOME AND EXPENSES A. Interest Income and Expenses 1. Interest Income and Sharia Income 5,321,417 5,659,685 6,944,310 7,021,963 a. Rupiah 5,316,683 5,656,516 6,939,576 7,018,794 b. Foreign currencies 4,734 3,169 4,734 3,169 2. Interest Expenses and Sharia Profit Sharing 1,967,741 2,093,273 2,138,639 2,259,115 a. Rupiah 1,884,159 2,029,232 2,055,056 2,195,074 b. Foreign currencies 83,582 64,041 83,583 64,041 Net Interest and Sharia Income 3,353,676 3,566,412 4,805,671 4,762,848 B. Other Operating Income and Expenses 1. Other Operating Income 452,632 358,459 457,649 359,484 a. Increase in fair value of financial assets (mark to market) 35,383 - 35,383 - i. Marketable securities - - - - ii. Loans - - - - iii. Spot and derivatives 35,383 - 35,383 - iv. Other financial assets - - - - b. Decrease in fair value of financial liabilities (mark to market) - - - - c. Gain from sale of financial assets 13,414 - 14,220 - i. Marketable securities 13,414 - 14,220 - ii. Loans - - - - iii. Other financial assets - - - - d. Realized gain from spot and derivative transactions - - - - e. Dividend - 15 - 15 f. Gain from investment under equity method - - - - g. Commissions/provisions/fees and administration 143,780 169,326 143,850 169,387 h. Reversal in allowance for impairment losses 14,349 4,987 14,349 4,987 i. Other income 245,706 184,131 249,847 185,095 2. Other Operating Expenses 2,691,794 2,936,597 3,544,368 3,741,491 a. Decrease in fair value of financial assets (mark to market) - 38,052 - 38,052 i. Marketable securities - - - - ii. Loans - - - - iii. Spot and derivatives - 38,052 - 38,052 iv. Other financial assets - - - - b. Increase in fair value of financial liabilities (mark to market) - - - - c. Losses from sale of financial assets - - - - i. Marketable securities - - - - ii. Loans - - - - iii. Other financial assets - - - - d. Realized losses from spot and derivative transactions 74,103 49,483 74,103 49,483 e. Impairment losses on financial assets 586,444 383,501 711,102 492,908 i. Marketable securities - - - - ii. Loans 586,444 383,501 586,444 383,501 iii. Sharia financing - - 124,658 109,407 iv. Other financial assets - - - - f. Losses related to operational risks 7,328 899 10,092 1,729 g. Losses from investment under equity method - - - - h. Commissions/provisions/fees and administration 25,075 32,008 25,075 32,008 i. Losses from decrease in value of non-financial assets - - - - j. Personnel expenses 895,507 1,190,732 1,301,259 1,582,343 k. Promotion expenses 58,907 127,032 65,989 130,765 l. Other expenses 1,044,430 1,114,890 1,356,748 1,414,203 Net Other Operating Expenses (2,239,162) (2,578,138) (3,086,719) (3,382,007) NET OPERATING INCOME 1,114,514 988,274 1,718,952 1,380,841 NON-OPERATING INCOME AND EXPENSES 1. (Loss)/gain from sale of fixed assets and equipments (417) (1,670) 113 (2,166) 2. (Loss)/gain on adjustments of foreign exchange translation (36,902) 1,488 (36,902) 1,488 3. Other non-operating (expenses)/income (23,576) (577) (24,305) 1,990 NET NON OPERATING (EXPENSES)/INCOME (60,895) (759) (61,094) 1,312 INCOME BEFORE TAX FOR THE CURRENT PERIOD 1,053,619 987,515 1,657,858 1,382,153 Income tax: a. Estimated current period tax (142,697) (147,400) (290,862) (244,988) b. Deferred tax expenses (133,118) (109,747) (140,425) (114,231) NET INCOME FOR THE CURRENT PERIOD AFTER TAX 777,804 730,368 1,226,571 1,022,934 OTHER COMPREHENSIVE INCOME/(EXPENSES) 1. Items that will not be reclassified to profit or loss 11,306 - 14,884 - a. Gain/(loss) from fixed assets revaluation - - - - b. Gain from actuarial defined benefit program 15,074 - 19,845 - c Other comprehensive income from associate entity - - - - d. Others - - - - e. Income tax realted items that will not be reclassified to profit or loss (3,768) - (4,961) - 2. Items that will be reclassified to profit or loss (12,999) 5,444 (12,626) 5,444 a. Adjustment from foreign exchange translation - - - - b. (Loss)/gain from changes in the value of marketable securities - available for sale (13,341) 6,394 (12,844) 6,394 c Effective part of cash flow hedging - - - - d. Others - - - - e. Income tax related items that will be reclassified to profit or loss 342 (950) 218 (950) OTHER COMPREHENSIVE (EXPENSES)/INCOME FOR THE CURRENT PERIOD - NET OF TAX (1,693) 5,444 2,258 5,444 TOTAL COMPREHENSIVE INCOME OF THE CURRENT PERIOD AFTER TAX 776,111 735,812 1,228,829 1,028,378 Net income of the current periods attributable to: EQUITY HOLDERS 777,804 730,368 1,091,941 935,164 NON-CONTROLLING INTERESTS - - 134,630 87,770 TOTAL INCOME IN CURRENT PERIOD 777,804 730,368 1,226,571 1,022,934 Total comprehensive income of the current period attributable to: EQUITY HOLDERS 776,111 735,812 1,093,014 940,608 NON-CONTROLLING INTERESTS - - 135,815 87,770 TOTAL COMPREHENSIVE INCOME IN CURRENT PERIOD 776,111 735,812 1,228,829 1,028,378 PROFIT (LOSS) TRANSFERRED TO HEAD OFFICE - - - - DIVIDEND (574,509) (574.509) (574,509) (574.509) EARNING PER SHARE (Full amount Rupiah) - Basic 135 127 190 163 - Diluted 132 123 185 158 30 Jun 2017 Unaudited 30 Jun 2018 Unaudited 30 Jun 2017 Unaudited 30 Jun 2018 Unaudited BANK CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the periods ended 30 June 2018 and 2017 (In million Rupiah, unless earning per share) ACCOUNTS Notes: 1 Presentation of the above Published Financial Statements as of and for the six months period ended on 30 June 2018 and 2017 are derived from the Consolidated Financial Statements of PT Bank Tabungan Pensiunan Nasional Tbk and Subsidiary which were unaudited and the Published Financial Statements for the year ended on 31 December 2017 was derived from the audited Consolidated Financial Statements of PT Bank Tabungan Pensiunan Nasional Tbk and Subsidiary. 2 The published financial statement above is adjusted in order to meet: a) Financial Services Authority Regulation No. 32/POJK.03/2016 dated 8 August 8 2016 regarding amendments to the Regulation of the Financial Services Authority No. 6/POJK.03/2015 regarding Transparancy and Publication of Bank’s Financial Statements; b) Financial Services Authority Circular Letter No. 43/SEOJK.03/2016 dated 28 September 2016 regarding Transparancy and Publication of Conventional Bank; c) Capital Market Supervisory Agency Regulation Number X.K.2 Attachment Decision of Chairman of Capital market Supervisory Agency No: Kep-346/BL/2011 dated 5 July 2011 concerning Submission of periodic Financial Statements; d) Financial Services Authority Regulation No. 75 /POJK.04/2017 dated 21 Desember 2017 regarding the Responsibility of the Board of Directors of the Financial Statements. 3. Exchange rate of 1 USD as of 30 June 2018 were Rp 14,330.00; 30 June 2017 were Rp 13,327.50; and 31 December 2017 were Rp 13,567.50. STATEMENTS OF COMMITMENTS AND CONTINGENCIES As of 30 June 2018 and 31 December 2017 (In million Rupiah) 30 Jun 2018 Unaudited BANK CONSOLIDATED 31 Dec 2017 Audited 30 Jun 2018 Unaudited ACCOUNTS I. COMMITMENT RECEIVABLES 6,835,410 5,433,784 6,835,410 5,433,784 1. Unused borrowing facilities - - - - a. Rupiah - - - - b. Foreign currencies - - - - 2. Outstanding spot and derivative purchased 6,835,410 5,433,784 6,835,410 5,433,784 3. Others - - - - II. COMMITMENT LIABILITIES 7,574,699 5,328,527 7,574,699 5,328,527 1. Unused loans facilities granted to customers 6,272,347 5,284,072 6,272,347 5,284,072 a. State-owned enterprises (BUMN) 275,000 300,000 275,000 300,000 i. Committed - - - - - Rupiah - - - - - Foreign currencies - - - - ii. Uncommitted 275,000 300,000 275,000 300,000 - Rupiah 275,000 300,000 275,000 300,000 - Foreign currencies - - - - b. Others 5,997,347 4,984,072 5,997,347 4,984,072 i. Committed 50,000 - 50,000 - ii. Uncommitted 5,947,347 4,984,072 5,947,347 4,984,072 2. Unused loans facilities granted to other banks 55,642 44,455 55,642 44,455 a. Committed - - - - i. Rupiah - - - - ii. Foreign currencies - - - - b. Uncommitted 55,642 44,455 55,642 44,455 i. Rupiah 55,642 44,455 55,642 44,455 ii. Foreign currencies - - - - 3. Outstanding irrevocable L/C - - - - a. Foreign L/C - - - - b. Local L/C - - - - 4. Outstanding spot and derivative sold 1,246,710 - 1,246,710 - 5. Others - - - - III. CONTINGENT RECEIVABLES 66,421 50,231 83,061 65,029 1. Guarantees received 2,150 2,035 2,150 2,035 a. Rupiah - - - - b. Foreign currencies 2,150 2,035 2,150 2,035 2. Interest on non-performing loan 64,271 48,196 80,911 62,994 a. Loan interest 64,271 48,196 80,911 62,994 b. Other interest - - - - 3. Others - - - - IV. CONTINGENT LIABILITIES 75,157 - 75,157 - 1. Guarantees issued 75,157 - 75,157 - a. Rupiah 75,157 - 75,157 - b. Foreign currencies - - - - 2. Others - - - - 31 Dec 2017 Audited Jakarta, 17 July 2018 PT Bank Tabungan Pensiunan Nasional Tbk Board of Directors S.E. & O. JERRY NG ARIEF HARRIS TANDJUNG President Director Director MANAGEMENT As of 30 June 2018 SHAREHOLDERS As of 30 June 2018 BOARD OF COMMISSIONERS - President Commissioner (Independent) : Mari Elka Pangestu - Independent Commissioner : Irwan Mahjudin Habsjah - Independent Commissioner : Arief Tarunakarya Surowidjojo - Commissioner : Chow Ying Hoong - Commissioner : Shinichi Nakamura BOARD OF DIRECTORS - President Director (Independent) : Jerry Ng - Deputy President Director : Ongki Wanadjati Dana - Deputy President Director : Djemi Suhenda - Director of Compliance (Independent) : Anika Faisal - Director : Kharim Indra Gupta Siregar - Director : Arief Harris Tandjung Ultimate Shareholder: Ultimate Shareholder: Sumitomo Mitsui Financial Group through Sumitomo Mitsui Banking Corporation: 40.00% Non-controlling shareholder through capital market (> 5%) : Summit Global Capital Management B.V.: 20,00% Non-controlling shareholder not through capital market (> 5%) : None *) Based on BI Regulation (PBI) No. 17/11/PBI/2015 dated 25 June 2015 regarding changes of PBI No. 15/15/ PBI/2013 regarding Giro Wajib Minimum of Commercial Banks in Bank Indonesia in Rupiah and Foreign Currency For Conventional Bank, which effective on August 2015 LDR changed into Loan to Funding Ratio (LFR). BANK ALLOWANCE FOR IMPAIRMENT LOSSES As of 30 June 2018 and 2017 (In million Rupiah) ACCOUNTS 1. Placements with other banks - - 17,424 - - - 32,424 - 2. Spot and derivative receivables - - 383 - - - 11 - 3. Marketable securities - - 5,133 - - - 5,825 - 4. Securities sold under repurchase agreements (Repo) - - - - - - - - 5. Claims on securities purchased under resale agreements (Reverse Repo) - - - - - - - - 6. Acceptance receivables - - - - - - - - 7. Loans 4,659 806,674 586,661 483,499 8,281 580,790 589,049 324,819 8. Investments - - 12,815 - - - 7,268 - 9. Temporary equity investment - - - - - - - - 10. Other receivables - - - - - - - - 11. Commitment and contingencies - - 751 2 - - - 5 30 June 2018 Unaudited Allowance for Impairment Required Provision Individual Collective General Specific 30 June 2017 Unaudited Allowance for Impairment Required Provision Individual Collective General Specific ACCOUNTS 30 Jun 2018 Unaudited Current Special Mention Substandard Doubtful Loss Total BANK I. RELATED PARTIES 1. Placements with other banks a. Rupiah - - - - - - - - - - - - b. Foreign currencies 27,441 - - - - 27,441 143,784 - - - - 143,784 2. Spot and derivative receivables a. Rupiah - - - - - - - - - - - - b. Foreign currencies - - - - - - - - - - - - 3. Marketable securities a. Rupiah - - - - - - - - - - - - b. Foreign currencies - - - - - - - - - - - - 4. Securities sold under repurchase agreements (Repo) a. Rupiah - - - - - - - - - - - - b. Foreign currencies - - - - - - - - - - - - 5. Claims on securities purchased under resale agreements (Reverse Repo) a. Rupiah - - - - - - - - - - - - b. Foreign currencies - - - - - - - - - - - - 6. Acceptance receivables - - - - - - - - - - - - 7. Loans a. Micro, Small and Medium Enterprises (UMKM) i. Rupiah - - - - - - - - - - - - ii. Foreign currencies - - - - - - - - - - - - b. Non-Micro, Small and Medium Enterprises (UMKM) i. Rupiah 20,337 - - - - 20,337 22,594 - - - - 22,594 ii. Foreign currencies - - - - - - - - - - - - c. Restructured loans i. Rupiah - - - - - - - - - - - - ii. Foreign currencies - - - - - - - - - - - - d. Property loans 5,674 - - - - 5,674 6,690 - - - - 6,690 8. Investments 1,281,498 - - - - 1,281,498 726,761 - - - - 726,761 9. Temporary equity investment - - - - - - - - - - - - 10. Other receivables - - - - - - - - - - - - 11. Commitment and contingencies a. Rupiah - - - - - - - - - - - - b. Foreign currencies - - - - - - - - - - - - 12. Foreclosed assets - - - - - - - - - - - - II. NON-RELATED PARTIES 1. Placements with other banks a. Rupiah 624,124 - - - - 624,124 522,334 - - - - 522,334 b. Foreign currencies 1,090,861 - - - - 1,090,861 2,576,251 - - - - 2,576,251 2. Spot and derivative receivables a. Rupiah 49,811 - - - - 49,811 1,098 - - - - 1,098 b. Foreign currencies - - - - - - - - - - - - 3. Marketable securities a. Rupiah 6,232,793 - - - - 6,232,793 5,203,989 - - - - 5,203,989 b. Foreign currencies - - - - - - - - - - - - 4. Securities sold under repurchase agreements (Repo) a. Rupiah - - - - - - - - - - - - b. Foreign currencies - - - - - - - - - - - - 5. Claims on securities purchased under resale agreements (Reverse Repo) a. Rupiah 3,175,817 - - - - 3,175,817 1,281,724 - - - - 1,281,724 b. Foreign currencies - - - - - - - - - - - - 6. Acceptance receivables - - - - - - - - - - - - 7. Loans a. Micro, Small and Medium Enterprises (UMKM) i. Rupiah 9,776,449 638,638 61,003 112,679 81,589 10,670,358 11,723,366 666,246 84,101 114,754 58,964 12,647,431 ii. Foreign currencies - - - - - - - - - - - - b. Non-Micro, Small and Medium Enterprises (UMKM) i. Rupiah 48,698,863 1,107,157 96,279 137,621 164,383 50,204,303 47,005,842 658,580 79,182 72,118 80,373 47,896,095 ii. Foreign currencies - - - - - - - - - - - - c. Restructured loans i. Rupiah 655,544 305,147 26,424 27,730 42,884 1,057,729 770,206 304,102 45,653 53,282 15,625 1,188,868 ii. Foreign currencies - - - - - - - - - - - - d. Property loans 718,705 5,308 - 750 93 724,856 652,205 4,343 - 238 4,499 661,285 8. Investments 22 - - - - 22 22 - - - - 22 9. Temporary equity investment - - - - - - - - - - - - 10. Other receivables - - - - - - - - - - - - 11. Commitment and contingencies a. Rupiah 6,403,098 48 - - - 6,403,146 4,952,932 115 - - - 4,953,047 b. Foreign currencies - - - - - - - - - - - - 12. Foreclosed assets - - - - - - - - - - - - III. OTHER INFORMATION 1. Value of Bank's assets pledged as collateral: a. To Bank Indonesia - - b. To other parties - - 2. Total allowance for impairment losses on financial assets 811,333 589,071 3. Total required provision for possible losses on earning asset 1,106,668 959,401 4. Percentage of Micro, Small and Medium Enterprises (UMKM) loans to total loans 17.52% 20.88% 5. Percentage of Micro and Small Enterprises (UMK) loans to total loans 3.88% 6.12% 6. Percentage of UMKM debtors to total debtors 3.21% 6.55% 7. Percentage of UMK debtors to total debtors 2.28% 4.90% 8. Others: a. Channeling loans 34,538 34,557 b. Distribution of Mudharabah Muqayyadah funds - - c. Earning assets written-off 3,101,611 2,522,036 d. Recovery of earning assets written-off 1,439,352 1,198,258 e. Write-off on earning assets with elimination of right to collect 1,248,299 1,158,118 EARNING ASSETS QUALITY AND OTHER INFORMATION As of 30 June 2018 and 2017 (In million Rupiah, unless otherwise stated) 30 Jun 2017 Unaudited Current Special Mention Substandard Doubtful Loss Total SPOT AND DERIVATIVE TRANSACTIONS As of 30 June 2018 (In million Rupiah) Objective TRANSACTION Trading Notional Amount Derivative Receivables and Payables Hedging Receivables Payables A. RELATED TO EXCHANGE RATE 8,082,120 8,082,120 - 49,811 14,975 1. Spot - - - - - 2. Forward - - - - - 3. Option - - - - - a. Put - - - - - b. Call - - - - - 4. Future - - - - - 5. Swap 8,082,120 8,082,120 - 49,811 14,975 6. Others - - - - - B. RELATED TO INTEREST RATE - - - - - 1. Forward - - - - - 2. Option - - - - - a. Put - - - - - b. Call - - - - - 3. Future - - - - - 4. Swap - - - - - 5. Others - - - - - C. OTHERS - - - - - TOTAL 8,082,120 8,082,120 - 49,811 14,975 FINANCIAL RATIOS As of 30 June 2018 and 2017 30 Jun 2018 Unaudited 30 Jun 2017 Unaudited RATIO (%) Performance Ratios (Consolidated) 1. Capital Adequacy Ratio (CAR) 24.14% 23.97% 2. Non-performing earning assets and non-earning assets to total earning assets and non-earning assets 0.82% 0.66% 3. Non-performing earning assets to total earning assets 0.88% 0.70% 4. Allowance for impairment losses on financial assets to earning assets 1.14% 0.88% 5. Non-Performing Loans (NPL) - gross 1.13% 0.89% 6. Non-Performing Loans (NPL) - net 0.49% 0.44% 7. Return on Assets (ROA) 3.45% 2.98% 8. Return on Equity (ROE) 14.10% 12.72% 9. Net Interest Margin (NIM) 11.46% 11.79% 10. Operating Expenses to Operating Revenues 76.78% 81.29% 11. Loan to Deposit Ratio (LDR) 94.13% 95.53% 12. Net Stable Funding Ratio (NSFR) 110.20% Performance Ratios (Bank) 1. Capital Adequacy Ratio (CAR) 23.62% 24.52% 2. Non-performing earning assets and non-earning assets to total earning assets and non-earning assets 0.77% 0.59% 3. Non-performing earning assets to total earning assets 0.83% 0.63% 4. Allowance for impairment losses on financial assets to earning assets 1.03% 0.76% 5. Non-Performing Loans (NPL) - gross 1.07% 0.81% 6. Non-Performing Loans (NPL) - net 0.54% 0.49% 7. Return on Assets (ROA) 2.41% 2.30% 8. Return on Equity (ROE) 11.47% 10.82% 9. Net Interest Margin (NIM) 8.91% 9.60% 10. Operating Expenses to Operating Revenues 80.70% 83.58% 11. Loan to Deposit Ratio (LDR) 93.72% 95.41% 12. Loan to Funding Ratio (LFR) 91.73% 92.49% 13. Net Stable Funding Ratio (NSFR) 106.05% Compliance Ratios (Bank) 1. a. Percentage Violation of Legal Lending Limit i. Related parties 0.00% 0.00% ii. Non-related parties 0.00% 0.00% b. Percentage Lending in Excess of the Legal Lending Limit i. Related parties 0.00% 0.00% ii. Non-related parties 0.00% 0.00% 2. Statutory Reserves Requirements a. Rupiah 6.58% 6.57% b. Foreign currencies 8.35% 8.66% 3. Net Open Position 0.34% 0.19% STATEMENTS OF CONSOLIDATED CASH FLOWS For the periods ended 30 Jun 2018 and 2017 (In million Rupiah) CASH FLOWS FROM OPERATING ACTIVITIES Receipt from interest 5,373,742 5,643,159 Receipt from sharia income 1,592,674 1,357,833 Interest expense (1,909,255) (2,074,341) Sharia profit sharing (171,579) (165,842) Fee and commission income received 291,944 268,164 Recovery from written-off loan 33,915 28,101 Payment of personnel expenses (1,622,571) (1,887,592) Other operating expenses (1,135,431) (1,293,643) Other payment (24,416) (2,866) Corporate income tax paid (387,216) (301,570) Cash flows before changes in operating assets and liabilities 2,041,807 1,571,403 Decrease/(increase) in operating assets: Placements with Bank Indonesia and other banks-with maturity more than 3 months (265,000) (90,000) Securities purchased under resale agreement (Reverse Repo) (679,270) 636,061 Loans (2,026,144) (2,743,755) Sharia financing/receivables (923,484) (839,916) Derivative receivables (47,473) 42,554 Increase/(decrease) in operating liabilities and temporary syirkah funds: Deposits from customers 3,601,552 2,665,841 Deposits from sharia customers 113,940 147,687 Deposits from other banks (604,163) (48,296) Derivative payables 12,089 (4,501) Temporary syirkah funds : Mudharabah saving deposits 20,967 (1,492) Mudharabah time deposits 340,689 425,563 Net cash flows provided from operating activities 1,585,510 1,761,149 CASH FLOWS FROM INVESTING ACTIVITIES Marketable securities (250,017) 436,278 Purchase of fixed assets (233,394) (160,012) Purchase of intangible assets (183,615) (218,240) Proceeds from sale of fixed assets 1,921 2,969 Net cash flows (used in)/provided from investing activities (665,105) 60,995 CASH FLOWS FROM FINANCING ACTIVITIES Payment of bonds payable (400,000) Payment of dividends (574,509) (574,509) Installment payment and settlement of borrowings (5,078,618) (4,149,462) Proceeds from borrowings 5,845,250 6,128,430 Borrowing transaction cost (1,218) - Execution of share options 4,112 - Acquisition of interest in a subsidiary from non-controlling interest 184,975 - Net cash flows (used in)/provided from financing activities (20,008) 1,404,459 NET INCREASE IN CASH AND CASH EQUIVALENT 900,397 3,226,603 EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENT 39,991 - CASH AND CASH EQUIVALENT AT THE BEGINNING 14,917,417 14,184,787 CASH AND CASH EQUIVALENT AT THE END OF PERIOD 15,857,805 17,411,390 SUPPLEMENTAL CASH FLOW INFORMATION: Activities not affecting cash flow Share-based payment reserves 16,667 29,264 Acquisition of fixed assets (516) - Cash and cash equivalent at the end of period consist of: Cash 2,320,870 1,724,861 Current account with Bank Indonesia 4,741,111 5,031,332 Current account with other banks 1,421,962 2,918,453 Placement with Bank Indonesia and other banks - with maturity of 3 months or less 6,610,595 7,736,744 Marketable securities - with maturity of 3 months or less 763,267 - Total cash and cash equivalent 15,857,805 17,411,390 30 Jun 2018 Unaudited 30 Jun 2017 Unaudited ACCOUNTS STATEMENTS OF FINANCIAL POSITION As of 30 June 2018 and 31 December 2017 (In million Rupiah) CONSOLIDATED BANK 30 Jun 2018 Unaudited 31 Dec 2017 Audited 30 Jun 2018 Unaudited 31 Dec 2017 Audited ACCOUNTS ASSETS 1. Cash 2,006,407 1,268,260 2,320,870 1,496,785 2. Placements with Bank Indonesia 9,909,637 11,643,950 11,956,706 13,092,832 3. Placements with other banks 1,742,426 981,207 1,836,962 982,942 4. Spot and derivative receivables 49,811 2,338 49,811 2,338 5. Marketable securities 6,232,793 6,298,959 7,238,631 6,337,831 a. Measured at fair value through profit/loss - - - - b. Available for sale 891,125 1,090,782 1,534,392 1,090,782 c. Held to maturity 5,341,668 5,208,177 5,704,239 5,247,049 d. Loans and receivables - - - - 6. Securities sold under repurchase agreements (Repo) - - - - 7. Claims from securities purchased under resale agreements (Reverse Repo) 3,175,817 1,515,907 3,175,817 2,500,787 8. Acceptance receivables - - - - 9. Loans 60,894,998 59,298,564 60,894,998 59,298,564 a. Measured at fair value through profit/loss - - - - b. Available for sale - - - - c. Held to maturity - - - - d. Loans and receivables 60,894,998 59,298,564 60,894,998 59,298,564 10. Sharia financing - - 6,873,251 6,053,273 11. Investments 1,281,520 729,633 22 22 12. Allowance for impairment losses on financial assets -/- (811,333) (636,458) (992,290) (794,115) a. Marketable securities - - - - b. Loans (811,333) (636,458) (992,290) (794,115) c. Others - - - - 13. Intangible assets 1,319,807 1,151,296 1,459,230 1,281,387 Accumulated amortization of intangible assets -/- (572,916) (481,053) (611,577) (512,325) 14. Fixed assets 2,750,062 2,559,589 3,210,463 2,994,068 Accumulated depreciation of fixed assets -/- (1,188,291) (1,089,733) (1,476,570) (1,333,948) 15. Non-productive assets 9,218 49 9,387 218 a. Abandoned properties - - - - b. Foreclosed assets - - 169 169 c. Suspense accounts 9,218 43 9,218 43 d. Interbranch assets - 6 - 6 - Conducting operational activities in Indonesia - 6 - 6 - Conducting operational activities outside Indonesia - - - - 16. Allowance for impairment losses on non - productive assets -/- - - - - 17. Leased receivables - - - - 18. Deferred tax assets - 97,246 60,065 165,935 19. Other assets 3,622,351 3,698,777 3,897,444 3,923,256 TOTAL ASSETS 90,422,307 87,038,531 99,903,220 95,489,850 LIABILITIES & EQUITY LIABILITIES 1. Demand deposits 1,018,901 528,183 1,116,578 623,352 2. Saving deposits 6,385,899 6,017,157 7,699,993 7,219,819 3. Time deposits 57,568,946 54,826,854 57,568,946 54,826,854 4. Revenue sharing investment funds - - 5,609,704 5,248,048 5. Liabilities to Bank Indonesia - - - - 6. Liabilities to other banks 244,555 859,357 218,421 822,584 7. Spot and derivative payables 14,975 2,886 14,975 2,886 8. Securities sold under repurchase agreements (Repo) - - - - 9. Acceptance liabilities - - - - 10. Marketable securities issued 2,145,773 2,543,401 2,145,773 2,543,401 11. Borrowings 5,990,508 5,208,640 5,990,508 5,208,640 12. Margin deposits - - - - 13. Interbranch liabilities - - - - a. Conducting operational activities in Indonesia - - - - b. Conducting operational activities outside Indonesia - - - - 14. Deferred tax liabilities 39,299 - 39,299 - 15. Other liabilities 1,176,423 1,437,406 1,438,152 1,793,469 16. Profit sharing investment funds - - TOTAL LIABILITIES 74,585,279 71,423,884 81,842,349 78,289,053 EQUITY 17. Issued and fully paid-in capital 114,933 114,902 114,933 114,902 a. Authorized capital 300,000 150,000 300,000 150,000 b. Unpaid capital -/- (183,163) (33,194) (183,163) (33,194) c. Treasury stock -/- (1,904) (1,904) (1,904) (1,904) 18. Additional paid-in capital 1,444,129 1,423,381 1,444,129 1,423,381 a. Agio 1,172,966 1,168,885 1,172,966 1,168,885 b. Disagio -/- - - - - c. Capital contribution - - - - d. Capital paid in advance - - - - e. Others 271,163 254,496 271,163 254,496 19. Other comprehensive income 714,462 716,156 711,121 710,047 a. Foreign exchange translation adjustment of financial statements - - - - b. (Loss)/gain from changes in the value of marketable securities - available for sale (259) 13,081 89 13,081 c. Cash flow hedging - - - - d. Differences arising from fixed assets revaluation 720,782 720,782 724,449 724,449 e. Other comprehensive income from associate entity - - - - f. Remeasurement on defined benefit program (8,262) (23,336) (17,826) (36,240) g. Income tax related to other comprehensive income 2,201 5,629 4.409 8,757 h. Others - - - - 20. Difference in quasi reorganization - - - - 21. Difference in restructuring of entities under common control - - 22. Other equity - - (24,267) - 23. Reserves 23,361 23,361 30,361 26,861 a. General reserves 23,361 23,361 30,361 26,861 b. Statutory reserves - - - - 24. Profit/loss 13,540,143 13,336,847 14,768,233 14,254,302 a. Previous years 12,762,339 12,585,089 13,676,292 13,033,416 b. Current year 777,804 751,758 1,091,941 1,220,886 TOTAL EQUITY ATTRIBUTABLE TO THE OWNERS OF THE PARENT 15,837,028 15,614,647 17,044,510 16,529,493 25. Non-controlling interest - - 1,016,361 671,304 TOTAL EQUITY 15,837,028 15,614,647 18,060,871 17,200,797 TOTAL LIABILITIES AND EQUITY 90,422,307 87,038,531 99,903,220 95,489,850 CAPITAL ADEQUACY RATIO As of 30 June 2018 and 2017 (In million Rupiah) BANK 30 Jun 2018 Unaudited 30 Jun 2017 Unaudited ACCOUNTS BANK CONSOLIDATED I. Core Capital (Tier 1) 13,248,202 15,680,518 13,595,211 14,915,437 1. Common Equity Tier 1 (CET 1) 13,248,202 15,680,518 13,595,211 14,915,437 1.1 Paid in capital (less Treasury stock) 114,933 114,933 114,902 114,902 1.2 Disclosed reserves 15,161,658 16,473,303 14,867,852 15,593,512 1.2.1 Additional Factor 15,457,600 16,696,705 15,238,375 15,898,665 1.2.1.1 Other comprehensive income 721,130 725,145 730,672 734,339 1.2.1.1.1 Excess differences arising from translation of financial statement - - - - 1.2.1.1.2 Potential gains of the increase in the fair value of financial assets available for sale 348 696 9,890 9,890 1.2.1.1.3 Fixed asset revaluation 720,782 724,449 720,782 724,449 1.2.1.2 Other disclosed reserves 14,736,470 15,971,560 14,507,703 15,164,326 1.2.1.2.1 Agio 1,172,966 1,172,966 1,168,885 1,168,885 1.2.1.2.2. General reserves 23,361 30,361 23,361 26,861 1.2.1.2.3 Previous years profit 12,762,339 13,676,292 12,585,089 13,033,416 1.2.1.2.4 Current year profit 777,804 1,091,941 730,368 935,164 1.2.1.2.5 Capital paid in advance - - - - 1.2.1.2.6 Others - - - - 1.2.2 Deduction Factor (295,942) (223,402) (370,523) (305,153) 1.2.2.1 Other comprehensive income (607) (607) (193) (193) 1.2.2.1.1 Excess differences less from translation of financial statement - - - - 1.2.2.1.2 Potential loss of the decrease in the fair value of financial assets available for sale (607) (607) (193) (193) 1.2.2.2 Other disclosed reserve (295,335) (222,795) (370,330) (304,960) 1.2.2.2.1 Disagio - - - - 1.2.2.2.2 Previous years loss - - - - 1.2.2.2.3 Current year loss - - - - 1.2.2.2.4 Differences between allowance for possible losses and allowance for impairment losses of earning assets (295,335) (222,626) (370,330) (303,154) 1.2.2.2.5 Negative differences on adjustment of fair value on financial instrument in the Trading Book - - - - 1.2.2.2.6 Allowance for possible losses on non-productive assets - (169) - (1,806) 1.2.2.2.7 Others - - - - 1.3 Non-Controlling Interests that can be calculated - - - - 1.4 Deduction factor to common equity tier 1 (CET 1) (2,028,389) (907,718) (1,387,543) (792,977) 1.4.1 Deferred tax calculation - (60,065) - (33,491) 1.4.2 Goodwill - (61,116) - (61,116) 1.4.3 Other intangible asset (746,891) (786,537) (660,782) (698,370) 1.4.4 Investment that can be calculated as deduction factor (1,281,498) - (726,761) - 1.4.5 Shortage of capital on insurance subsidiary company - - - - 1.4.6 Securitization exposures - - - - 1.4.7 Other deduction factor to core capital - - - - 1.4.7.1 Placement of funds in instruments AT 1 and / or Tier 2 other banks - - - - 1.4.7.2 Cross-ownership in another entity acquired by the transition because of the law, grants, or grants will - - - - 2. Additional Tier 1 (AT 1) - - - - 2.1 The instrument meets the requirements of AT 1 - - - - 2.2 Agio / Disagio - - - - 2.3 Deduction Factors : Investment in AT1 and Tier 2 instruments with other Bank - - - - 2.3.1 Placement of funds in instruments AT 1 and / or Tier 2 other banks - - - - 2.3.2 Cross-ownership in another entity acquired by the transition because of the law, grants, or grants will - - - - II. Supplementary Capital (Tier 2) 559,733 627,912 551,457 610,562 1. Capital instrument in form of shares or others which are qualified Tier 2 requirements - - - - 2. Agio/disagio - - - - 3. General allowance for possible losses of earning assets (maximum 1.25% of RWA) 559,733 627,912 551,457 610,562 4. Deduction factor to supplementary capital - - - - 4.1 Sinking Fund - - - - 4.2 Placement of funds in instruments AT 1 and / or Tier 2 other banks - - - - 4.3 Cross-ownership in another entity acquired by the transition because of the law, grants, or grants will - - - - Total Capital 13,807,935 16,308,430 14,146,668 15,525,999 BANK BANK CONSOLIDATED CONSOLIDATED 30 Jun 2018 Unaudited DESCRIPTION 30 Jun 2017 Unaudited BANK BANK CONSOLIDATED CONSOLIDATED 30 Jun 2018 Unaudited 30 Jun 2017 Unaudited CONSOLIDATED RISK WEIGHTED ASSET CAR RATIO RWA CREDIT RISK 44,715,210 50,181,562 44,033,359 48,772,638 CET1 Ratio (%) 22.66% 23.21% 23.56% 23.03% RWA MARKET RISK 47,150 47,150 27,220 27,220 Tier 1 Ratio (%) 22.66% 23.21% 23.56% 23.03% RWA OPERATIONAL RISK 13,704,539 17,334,694 13,639,739 15,971,536 Tier 2 Ratio (%) 0.96% 0.93% 0.96% 0.94% TOTAL RWA 58,466,899 67,563,406 57,700,318 64,771,394 CAR Ratio (%) 23.62% 24.14% 24.52% 23.97% CAR RATIO BASED ON RISK PROFILE 9.26% 9.27% 9.26% 9.26% CET 1 for BUFFER (%) 14.36% 14.87% 15.26% 14.71% CAR ALLOCATION BASED ON RISK PROFILE BUFFER PERCENTAGE SHOULD BE FULFILLED BY BANK (%) From CET 1 8.30% 8.34% 8.30% 8.32% Capital Conservation Buffer (%) 1.875% 1.875% 1.250% 1.250% From AT1 0.00% 0.00% 0.00% 0.00% Countercyclical Buffer (%) 0.000% 0.000% 0.000% 0.000% From Tier 2 0.96% 0.93% 0.96% 0.94% Capital Surcharge for Systemic Bank (%) 0.000% 0.000% 0.000% 0.000%

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Page 1: CONSOLIDATED FINANCIAL STATEMENTS PT Bank Tabungan … · c Effective part of cash flow hedging - - - - d. Others - - - - e. Income tax 1. Valuerelated items that will be reclassified

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CONSOLIDATED FINANCIAL STATEMENTSPT Bank Tabungan Pensiunan Nasional Tbk and Subsidiary

30 JUNI 2018, 2017 AND 31 DESEMBER 2017(In million Rupiah)

OPERATING INCOME AND EXPENSES A. Interest Income and Expenses 1. Interest Income and Sharia Income 5,321,417 5,659,685 6,944,310 7,021,963 a. Rupiah 5,316,683 5,656,516 6,939,576 7,018,794 b. Foreign currencies 4,734 3,169 4,734 3,169 2. InterestExpensesandShariaProfitSharing 1,967,741 2,093,273 2,138,639 2,259,115 a. Rupiah 1,884,159 2,029,232 2,055,056 2,195,074 b. Foreign currencies 83,582 64,041 83,583 64,041 Net Interest and Sharia Income 3,353,676 3,566,412 4,805,671 4,762,848 B. OtherOperatingIncomeandExpenses 1.OtherOperatingIncome 452,632 358,459 457,649 359,484 a. Increaseinfairvalueoffinancialassets(marktomarket) 35,383 - 35,383 - i. Marketablesecurities - - - - ii. Loans - - - - iii.Spotandderivatives 35,383 - 35,383 - iv.Otherfinancialassets - - - - b. Decreaseinfairvalueoffinancialliabilities(marktomarket) - - - - c. Gainfromsaleoffinancialassets 13,414 - 14,220 - i. Marketablesecurities 13,414 - 14,220 - ii. Loans - - - - iii.Otherfinancialassets - - - - d. Realizedgainfromspotandderivativetransactions - - - - e. Dividend - 15 - 15 f. Gainfrominvestmentunderequitymethod - - - - g. Commissions/provisions/feesandadministration 143,780 169,326 143,850 169,387 h. Reversalinallowanceforimpairmentlosses 14,349 4,987 14,349 4,987 i. Otherincome 245,706 184,131 249,847 185,095 2.OtherOperatingExpenses 2,691,794 2,936,597 3,544,368 3,741,491 a. Decreaseinfairvalueoffinancialassets(marktomarket) - 38,052 - 38,052 i. Marketablesecurities - - - - ii. Loans - - - - iii.Spotandderivatives - 38,052 - 38,052 iv.Otherfinancialassets - - - - b. Increaseinfairvalueoffinancialliabilities(marktomarket) - - - - c. Lossesfromsaleoffinancialassets - - - - i. Marketablesecurities - - - - ii. Loans - - - - iii.Otherfinancialassets - - - - d. Realizedlossesfromspotandderivativetransactions 74,103 49,483 74,103 49,483 e. Impairmentlossesonfinancialassets 586,444 383,501 711,102 492,908 i. Marketablesecurities - - - - ii. Loans 586,444 383,501 586,444 383,501 iii.Shariafinancing - - 124,658 109,407 iv.Otherfinancialassets - - - - f. Lossesrelatedtooperationalrisks 7,328 899 10,092 1,729 g. Lossesfrominvestmentunderequitymethod - - - - h. Commissions/provisions/feesandadministration 25,075 32,008 25,075 32,008 i. Lossesfromdecreaseinvalueofnon-financialassets - - - - j. Personnel expenses 895,507 1,190,732 1,301,259 1,582,343 k. Promotionexpenses 58,907 127,032 65,989 130,765 l. Otherexpenses 1,044,430 1,114,890 1,356,748 1,414,203 NetOtherOperatingExpenses (2,239,162) (2,578,138) (3,086,719) (3,382,007) NET OPERATING INCOME 1,114,514 988,274 1,718,952 1,380,841 NON-OPERATING INCOME AND EXPENSES 1. (Loss)/gainfromsaleoffixedassetsandequipments (417) (1,670) 113 (2,166) 2. (Loss)/gainonadjustmentsofforeignexchangetranslation (36,902) 1,488 (36,902) 1,488 3. Othernon-operating(expenses)/income (23,576) (577) (24,305) 1,990 NETNONOPERATING(EXPENSES)/INCOME (60,895) (759) (61,094) 1,312 INCOME BEFORE TAX FOR THE CURRENT PERIOD 1,053,619 987,515 1,657,858 1,382,153 Income tax: a. Estimatedcurrentperiodtax (142,697) (147,400) (290,862) (244,988) b. Deferredtaxexpenses (133,118) (109,747) (140,425) (114,231) NET INCOME FOR THE CURRENT PERIOD AFTER TAX 777,804 730,368 1,226,571 1,022,934 OTHERCOMPREHENSIVEINCOME/(EXPENSES) 1. Itemsthatwillnotbereclassifiedtoprofitorloss 11,306 - 14,884 - a. Gain/(loss)fromfixedassetsrevaluation - - - - b. Gainfromactuarialdefinedbenefitprogram 15,074 - 19,845 - c Othercomprehensiveincomefromassociateentity - - - - d. Others - - - - e. Incometaxrealteditemsthatwillnotbereclassified toprofitorloss (3,768) - (4,961) - 2. Itemsthatwillbereclassifiedtoprofitorloss (12,999) 5,444 (12,626) 5,444 a. Adjustmentfromforeignexchangetranslation - - - - b. (Loss)/gainfromchangesinthevalueofmarketable securities-availableforsale (13,341) 6,394 (12,844) 6,394 c Effectivepartofcashflowhedging - - - - d. Others - - - - e. Incometaxrelateditemsthatwillbereclassified toprofitorloss 342 (950) 218 (950) OTHERCOMPREHENSIVE(EXPENSES)/INCOMEFOR THECURRENTPERIOD-NETOFTAX (1,693) 5,444 2,258 5,444 TOTAL COMPREHENSIVE INCOME OF THE CURRENT PERIOD AFTER TAX 776,111 735,812 1,228,829 1,028,378 Net income of the current periods attributable to: EQUITY HOLDERS 777,804 730,368 1,091,941 935,164 NON-CONTROLLINGINTERESTS - - 134,630 87,770 TOTAL INCOME IN CURRENT PERIOD 777,804 730,368 1,226,571 1,022,934 Total comprehensive income of the current period attributable to: EQUITY HOLDERS 776,111 735,812 1,093,014 940,608 NON-CONTROLLINGINTERESTS - - 135,815 87,770 TOTAL COMPREHENSIVE INCOME IN CURRENT PERIOD 776,111 735,812 1,228,829 1,028,378 PROFIT(LOSS)TRANSFERREDTOHEADOFFICE - - - - DIVIDEND (574,509) (574.509) (574,509) (574.509) EARNINGPERSHARE(FullamountRupiah) - Basic 135 127 190 163 - Diluted 132 123 185 158

30 Jun 2017Unaudited

30 Jun 2018Unaudited

30 Jun 2017Unaudited

30 Jun 2018Unaudited

BANK CONSOLIDATED

STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOMEFor the periods ended 30 June 2018 and 2017

(InmillionRupiah,unlessearningpershare)

ACCOUNTS

Notes: 1 PresentationoftheabovePublishedFinancialStatementsasofandforthesixmonthsperiodendedon30June2018and2017arederivedfromtheConsolidatedFinancialStatementsofPTBankTabungan

PensiunanNasionalTbkandSubsidiarywhichwereunauditedandthePublishedFinancialStatementsfortheyearendedon31December2017wasderivedfromtheauditedConsolidatedFinancialStatementsofPTBankTabunganPensiunanNasionalTbkandSubsidiary.

2 Thepublishedfinancialstatementaboveisadjustedinordertomeet: a) FinancialServicesAuthorityRegulationNo.32/POJK.03/2016dated8August82016regardingamendmentstotheRegulationoftheFinancialServicesAuthorityNo.6/POJK.03/2015regardingTransparancy

andPublicationofBank’sFinancialStatements; b) FinancialServicesAuthorityCircularLetterNo.43/SEOJK.03/2016dated28September2016regardingTransparancyandPublicationofConventionalBank; c) CapitalMarketSupervisoryAgencyRegulationNumberX.K.2AttachmentDecisionofChairmanofCapitalmarketSupervisoryAgencyNo:Kep-346/BL/2011dated5July2011concerningSubmissionof

periodicFinancialStatements; d) FinancialServicesAuthorityRegulationNo.75/POJK.04/2017dated21Desember2017regardingtheResponsibilityoftheBoardofDirectorsoftheFinancialStatements.3. Exchangerateof1USDasof30June2018wereRp14,330.00;30June2017wereRp13,327.50;and31December2017wereRp13,567.50.

STATEMENTS OF COMMITMENTS AND CONTINGENCIES As of 30 June 2018 and 31 December 2017

(InmillionRupiah)

30 Jun 2018Unaudited

BANK CONSOLIDATED31 Dec 2017

Audited30 Jun 2018Unaudited

ACCOUNTS

I. COMMITMENT RECEIVABLES 6,835,410 5,433,784 6,835,410 5,433,784 1. Unusedborrowingfacilities - - - - a.Rupiah - - - - b. Foreigncurrencies - - - - 2. Outstandingspotandderivativepurchased 6,835,410 5,433,784 6,835,410 5,433,784 3. Others - - - - II. COMMITMENT LIABILITIES 7,574,699 5,328,527 7,574,699 5,328,527 1. Unusedloansfacilitiesgrantedtocustomers 6,272,347 5,284,072 6,272,347 5,284,072 a. State-ownedenterprises(BUMN) 275,000 300,000 275,000 300,000 i. Committed - - - - -Rupiah - - - - -Foreigncurrencies - - - - ii. Uncommitted 275,000 300,000 275,000 300,000 -Rupiah 275,000 300,000 275,000 300,000 -Foreigncurrencies - - - - b. Others 5,997,347 4,984,072 5,997,347 4,984,072 i. Committed 50,000 - 50,000 - ii. Uncommitted 5,947,347 4,984,072 5,947,347 4,984,072 2. Unusedloansfacilitiesgrantedtootherbanks 55,642 44,455 55,642 44,455 a. Committed - - - - i. Rupiah - - - - ii. Foreigncurrencies - - - - b. Uncommitted 55,642 44,455 55,642 44,455 i. Rupiah 55,642 44,455 55,642 44,455 ii. Foreigncurrencies - - - - 3. OutstandingirrevocableL/C - - - - a. ForeignL/C - - - - b. LocalL/C - - - - 4. Outstandingspotandderivativesold 1,246,710 - 1,246,710 - 5. Others - - - - III. CONTINGENT RECEIVABLES 66,421 50,231 83,061 65,029 1. Guaranteesreceived 2,150 2,035 2,150 2,035 a. Rupiah - - - - b. Foreign currencies 2,150 2,035 2,150 2,035 2. Interestonnon-performingloan 64,271 48,196 80,911 62,994 a. Loaninterest 64,271 48,196 80,911 62,994 b. Otherinterest - - - - 3. Others - - - - IV. CONTINGENT LIABILITIES 75,157 - 75,157 - 1. Guaranteesissued 75,157 - 75,157 - a. Rupiah 75,157 - 75,157 - b. Foreigncurrencies - - - - 2. Others - - - -

31 Dec 2017Audited

Jakarta,17July2018PTBankTabunganPensiunanNasionalTbk

Board of DirectorsS.E. & O.

JERRY NG ARIEF HARRIS TANDJUNG PresidentDirector Director

MANAGEMENTAs of 30 June 2018

SHAREHOLDERSAs of 30 June 2018

BOARD OF COMMISSIONERS - PresidentCommissioner(Independent) : MariElkaPangestu- IndependentCommissioner : IrwanMahjudinHabsjah- IndependentCommissioner : AriefTarunakaryaSurowidjojo- Commissioner : ChowYingHoong- Commissioner : ShinichiNakamura

BOARD OF DIRECTORS - PresidentDirector(Independent) : JerryNg- DeputyPresidentDirector : OngkiWanadjatiDana- DeputyPresidentDirector : DjemiSuhenda- DirectorofCompliance(Independent) : AnikaFaisal- Director : KharimIndraGuptaSiregar- Director : AriefHarrisTandjung

Ultimate Shareholder:UltimateShareholder:SumitomoMitsuiFinancialGroup throughSumitomoMitsuiBankingCorporation:40.00%Non-controllingshareholderthroughcapitalmarket(>5%):SummitGlobalCapitalManagementB.V.:20,00%Non-controllingshareholdernotthroughcapitalmarket(>5%):None

*) Based on BI Regulation (PBI) No. 17/11/PBI/2015 dated 25 June 2015 regarding changes of PBI No. 15/15/PBI/2013regardingGiroWajibMinimumofCommercialBanksinBankIndonesiainRupiahandForeignCurrencyForConventionalBank,whicheffectiveonAugust2015LDRchangedintoLoantoFundingRatio(LFR).

BANK

ALLOWANCE FOR IMPAIRMENT LOSSES As of 30 June 2018 and 2017

(InmillionRupiah)

ACCOUNTS

1. Placementswithotherbanks - - 17,424 - - - 32,424 - 2. Spotandderivativereceivables - - 383 - - - 11 - 3. Marketablesecurities - - 5,133 - - - 5,825 - 4. Securitiessoldunderrepurchaseagreements(Repo) - - - - - - - - 5. Claimsonsecuritiespurchasedunderresaleagreements(ReverseRepo) - - - - - - - - 6. Acceptancereceivables - - - - - - - - 7. Loans 4,659 806,674 586,661 483,499 8,281 580,790 589,049 324,819 8. Investments - - 12,815 - - - 7,268 - 9. Temporaryequityinvestment - - - - - - - -10. Otherreceivables - - - - - - - -11. Commitmentandcontingencies - - 751 2 - - - 5

30 June 2018 Unaudited

Allowance for Impairment Required Provision Individual Collective General Specific

30 June 2017 Unaudited

Allowance for Impairment Required Provision Individual Collective General Specific

ACCOUNTS30 Jun 2018Unaudited

Current Special Mention Substandard Doubtful Loss Total

BANK

I. RELATED PARTIES 1. Placementswithotherbanks a.Rupiah - - - - - - - - - - - - b. Foreigncurrencies 27,441 - - - - 27,441 143,784 - - - - 143,784 2. Spotandderivativereceivables a.Rupiah - - - - - - - - - - - - b. Foreigncurrencies - - - - - - - - - - - - 3. Marketablesecurities a.Rupiah - - - - - - - - - - - - b. Foreigncurrencies - - - - - - - - - - - - 4. Securitiessoldunderrepurchase agreements(Repo) a.Rupiah - - - - - - - - - - - - b. Foreigncurrencies - - - - - - - - - - - - 5. Claimsonsecuritiespurchasedunderresale agreements(ReverseRepo) a.Rupiah - - - - - - - - - - - - b. Foreigncurrencies - - - - - - - - - - - - 6. Acceptancereceivables - - - - - - - - - - - - 7. Loans a.Micro,SmallandMediumEnterprises(UMKM) i. Rupiah - - - - - - - - - - - - ii.Foreigncurrencies - - - - - - - - - - - - b.Non-Micro,SmallandMedium Enterprises(UMKM) i. Rupiah 20,337 - - - - 20,337 22,594 - - - - 22,594 ii.Foreigncurrencies - - - - - - - - - - - - c.Restructuredloans i. Rupiah - - - - - - - - - - - - ii.Foreigncurrencies - - - - - - - - - - - - d. Propertyloans 5,674 - - - - 5,674 6,690 - - - - 6,690 8. Investments 1,281,498 - - - -1,281,498 726,761 - - - - 726,761 9. Temporaryequityinvestment - - - - - - - - - - - -10. Otherreceivables - - - - - - - - - - - -11. Commitmentandcontingencies a.Rupiah - - - - - - - - - - - - b. Foreigncurrencies - - - - - - - - - - - -12. Foreclosedassets - - - - - - - - - - - - II. NON-RELATED PARTIES 1. Placementswithotherbanks a.Rupiah 624,124 - - - - 624,124 522,334 - - - - 522,334 b. Foreigncurrencies 1,090,861 - - - -1,090,861 2,576,251 - - - -2,576,251 2. Spotandderivativereceivables a.Rupiah 49,811 - - - - 49,811 1,098 - - - - 1,098 b. Foreigncurrencies - - - - - - - - - - - - 3. Marketablesecurities a.Rupiah 6,232,793 - - - -6,232,793 5,203,989 - - - -5,203,989 b. Foreigncurrencies - - - - - - - - - - - - 4. Securitiessoldunderrepurchase agreements(Repo) a.Rupiah - - - - - - - - - - - - b. Foreigncurrencies - - - - - - - - - - - - 5. Claimsonsecuritiespurchasedunderresale agreements(ReverseRepo) a.Rupiah 3,175,817 - - - -3,175,817 1,281,724 - - - -1,281,724 b. Foreigncurrencies - - - - - - - - - - - - 6. Acceptancereceivables - - - - - - - - - - - - 7. Loans a.Micro,SmallandMediumEnterprises(UMKM) i. Rupiah 9,776,449 638,638 61,003 112,679 81,589 10,670,358 11,723,366 666,246 84,101 114,754 58,964 12,647,431 ii.Foreigncurrencies - - - - - - - - - - - - b.Non-Micro,SmallandMedium Enterprises(UMKM) i. Rupiah 48,698,863 1,107,157 96,279 137,621 164,383 50,204,303 47,005,842 658,580 79,182 72,118 80,373 47,896,095 ii.Foreigncurrencies - - - - - - - - - - - - c.Restructuredloans i. Rupiah 655,544 305,147 26,424 27,730 42,884 1,057,729 770,206 304,102 45,653 53,282 15,625 1,188,868 ii.Foreigncurrencies - - - - - - - - - - - - d. Propertyloans 718,705 5,308 - 750 93 724,856 652,205 4,343 - 238 4,499 661,285 8. Investments 22 - - - - 22 22 - - - - 22 9. Temporaryequityinvestment - - - - - - - - - - - -10. Otherreceivables - - - - - - - - - - - -11. Commitmentandcontingencies a.Rupiah 6,403,098 48 - - -6,403,146 4,952,932 115 - - -4,953,047 b. Foreigncurrencies - - - - - - - - - - - -12. Foreclosedassets - - - - - - - - - - - - III. OTHER INFORMATION 1. ValueofBank'sassetspledgedascollateral: a. ToBankIndonesia - - b. Tootherparties - - 2. Totalallowanceforimpairmentlosseson financialassets 811,333 589,071 3. Totalrequiredprovisionforpossiblelosseson earningasset 1,106,668 959,401 4. PercentageofMicro,SmallandMedium Enterprises(UMKM)loanstototalloans 17.52% 20.88% 5. PercentageofMicroandSmallEnterprises (UMK)loanstototalloans 3.88% 6.12% 6. PercentageofUMKMdebtorstototaldebtors 3.21% 6.55% 7. PercentageofUMKdebtorstototaldebtors 2.28% 4.90% 8. Others: a. Channeling loans 34,538 34,557 b. DistributionofMudharabahMuqayyadahfunds - - c.Earningassetswritten-off 3,101,611 2,522,036 d. Recoveryofearningassetswritten-off 1,439,352 1,198,258 e. Write-offonearningassetswithelimination ofrighttocollect 1,248,299 1,158,118

EARNING ASSETS QUALITY AND OTHER INFORMATION As of 30 June 2018 and 2017

(InmillionRupiah,unlessotherwisestated)

30 Jun 2017Unaudited

Current Special Mention Substandard Doubtful Loss Total

SPOT AND DERIVATIVE TRANSACTIONS As of 30 June 2018(InmillionRupiah)

ObjectiveTRANSACTIONTrading

Notional Amount

Derivative Receivables and Payables

Hedging Receivables Payables A. RELATED TO EXCHANGE RATE 8,082,120 8,082,120 - 49,811 14,975 1. Spot - - - - - 2. Forward - - - - - 3. Option - - - - - a. Put - - - - - b. Call - - - - - 4. Future - - - - - 5. Swap 8,082,120 8,082,120 - 49,811 14,975 6. Others - - - - -

B. RELATED TO INTEREST RATE - - - - - 1. Forward - - - - - 2. Option - - - - - a. Put - - - - - b. Call - - - - - 3. Future - - - - - 4. Swap - - - - - 5. Others - - - - -

C. OTHERS - - - - - TOTAL 8,082,120 8,082,120 - 49,811 14,975

FINANCIAL RATIOS As of 30 June 2018 and 2017

30 Jun 2018Unaudited

30 Jun 2017UnauditedRATIO(%)

PerformanceRatios(Consolidated) 1. CapitalAdequacyRatio(CAR) 24.14% 23.97% 2. Non-performingearningassetsandnon-earningassets tototalearningassetsandnon-earningassets 0.82% 0.66% 3. Non-performingearningassetstototalearningassets 0.88% 0.70% 4. Allowanceforimpairmentlossesonfinancialassets toearningassets 1.14% 0.88% 5. Non-PerformingLoans(NPL)-gross 1.13% 0.89% 6. Non-PerformingLoans(NPL)-net 0.49% 0.44% 7. ReturnonAssets(ROA) 3.45% 2.98% 8. ReturnonEquity(ROE) 14.10% 12.72% 9. NetInterestMargin(NIM) 11.46% 11.79%10. OperatingExpensestoOperatingRevenues 76.78% 81.29%11. LoantoDepositRatio(LDR) 94.13% 95.53%12. NetStableFundingRatio(NSFR) 110.20% -PerformanceRatios(Bank) 1. CapitalAdequacyRatio(CAR) 23.62% 24.52% 2. Non-performingearningassetsandnon-earningassets tototalearningassetsandnon-earningassets 0.77% 0.59% 3. Non-performingearningassetstototalearningassets 0.83% 0.63% 4. Allowanceforimpairmentlossesonfinancialassets toearningassets 1.03% 0.76% 5. Non-PerformingLoans(NPL)-gross 1.07% 0.81% 6. Non-PerformingLoans(NPL)-net 0.54% 0.49% 7. ReturnonAssets(ROA) 2.41% 2.30% 8. ReturnonEquity(ROE) 11.47% 10.82% 9. NetInterestMargin(NIM) 8.91% 9.60%10. OperatingExpensestoOperatingRevenues 80.70% 83.58%11. LoantoDepositRatio(LDR) 93.72% 95.41%12. LoantoFundingRatio(LFR) 91.73% 92.49%13. NetStableFundingRatio(NSFR) 106.05% -ComplianceRatios(Bank) 1. a. PercentageViolationofLegalLendingLimit i. Relatedparties 0.00% 0.00% ii. Non-relatedparties 0.00% 0.00% b. PercentageLendinginExcessoftheLegalLendingLimit i. Relatedparties 0.00% 0.00% ii. Non-relatedparties 0.00% 0.00% 2. StatutoryReservesRequirements a.Rupiah 6.58% 6.57% b. Foreigncurrencies 8.35% 8.66% 3. NetOpenPosition 0.34% 0.19%

STATEMENTS OF CONSOLIDATED CASH FLOWSFor the periods ended 30 Jun 2018 and 2017

(InmillionRupiah)

CASH FLOWS FROM OPERATING ACTIVITIES Receiptfrominterest 5,373,742 5,643,159Receiptfromshariaincome 1,592,674 1,357,833Interestexpense (1,909,255) (2,074,341)Shariaprofitsharing (171,579) (165,842)Feeandcommissionincomereceived 291,944 268,164Recoveryfromwritten-offloan 33,915 28,101Paymentofpersonnelexpenses (1,622,571) (1,887,592)Otheroperatingexpenses (1,135,431) (1,293,643)Otherpayment (24,416) (2,866)Corporateincometaxpaid (387,216) (301,570)Cashflowsbeforechangesinoperatingassetsandliabilities 2,041,807 1,571,403

Decrease/(increase)inoperatingassets: PlacementswithBankIndonesiaand otherbanks-withmaturitymorethan3months (265,000) (90,000) Securitiespurchasedunderresaleagreement(ReverseRepo) (679,270) 636,061 Loans (2,026,144) (2,743,755) Shariafinancing/receivables (923,484) (839,916) Derivativereceivables (47,473) 42,554Increase/(decrease)inoperatingliabilitiesandtemporary syirkah funds: Depositsfromcustomers 3,601,552 2,665,841 Depositsfromshariacustomers 113,940 147,687 Depositsfromotherbanks (604,163) (48,296) Derivativepayables 12,089 (4,501) Temporarysyirkahfunds: Mudharabahsavingdeposits 20,967 (1,492) Mudharabahtimedeposits 340,689 425,563Netcashflowsprovidedfromoperatingactivities 1,585,510 1,761,149

CASH FLOWS FROM INVESTING ACTIVITIES Marketablesecurities (250,017) 436,278 Purchaseoffixedassets (233,394) (160,012) Purchaseofintangibleassets (183,615) (218,240) Proceedsfromsaleoffixedassets 1,921 2,969 Netcashflows(usedin)/providedfrominvestingactivities (665,105) 60,995

CASH FLOWS FROM FINANCING ACTIVITIES Paymentofbondspayable (400,000) Paymentofdividends (574,509) (574,509) Installmentpaymentandsettlementofborrowings (5,078,618) (4,149,462) Proceedsfromborrowings 5,845,250 6,128,430 Borrowingtransactioncost (1,218) - Executionofshareoptions 4,112 - Acquisitionofinterestinasubsidiaryfromnon-controllinginterest 184,975 - Netcashflows(usedin)/providedfromfinancingactivities (20,008) 1,404,459

NET INCREASE IN CASH AND CASH EQUIVALENT 900,397 3,226,603

EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENT 39,991 -

CASH AND CASH EQUIVALENT AT THE BEGINNING 14,917,417 14,184,787

CASH AND CASH EQUIVALENT AT THE END OF PERIOD 15,857,805 17,411,390

SUPPLEMENTAL CASH FLOW INFORMATION:

Activitiesnotaffectingcashflow Share-basedpaymentreserves 16,667 29,264 Acquisitionoffixedassets (516) -

Cash and cash equivalent at the end of period consist of: Cash 2,320,870 1,724,861 CurrentaccountwithBankIndonesia 4,741,111 5,031,332 Currentaccountwithotherbanks 1,421,962 2,918,453 PlacementwithBankIndonesiaandotherbanks-with maturityof3monthsorless 6,610,595 7,736,744 Marketablesecurities-withmaturityof3monthsorless 763,267 -

Total cash and cash equivalent 15,857,805 17,411,390

30 Jun 2018Unaudited

30 Jun 2017UnauditedACCOUNTS

STATEMENTS OF FINANCIAL POSITION As of 30 June 2018 and 31 December 2017

(InmillionRupiah)CONSOLIDATEDBANK

30 Jun 2018Unaudited

31 Dec 2017Audited

30 Jun 2018Unaudited

31 Dec 2017Audited

ACCOUNTS

ASSETS 1. Cash 2,006,407 1,268,260 2,320,870 1,496,785 2. PlacementswithBankIndonesia 9,909,637 11,643,950 11,956,706 13,092,832 3. Placementswithotherbanks 1,742,426 981,207 1,836,962 982,942 4.Spotandderivativereceivables 49,811 2,338 49,811 2,338 5. Marketablesecurities 6,232,793 6,298,959 7,238,631 6,337,831 a. Measuredatfairvaluethroughprofit/loss - - - - b. Available for sale 891,125 1,090,782 1,534,392 1,090,782 c. Heldtomaturity 5,341,668 5,208,177 5,704,239 5,247,049 d. Loansandreceivables - - - - 6.Securitiessoldunderrepurchaseagreements(Repo) - - - - 7. Claimsfromsecuritiespurchasedunderresale agreements(ReverseRepo) 3,175,817 1,515,907 3,175,817 2,500,787 8. Acceptancereceivables - - - - 9. Loans 60,894,998 59,298,564 60,894,998 59,298,564 a. Measuredatfairvaluethroughprofit/loss - - - - b. Availableforsale - - - - c. Heldtomaturity - - - - d. Loansandreceivables 60,894,998 59,298,564 60,894,998 59,298,56410.Shariafinancing - - 6,873,251 6,053,27311. Investments 1,281,520 729,633 22 2212. Allowanceforimpairmentlossesonfinancialassets-/- (811,333) (636,458) (992,290) (794,115) a. Marketablesecurities - - - - b. Loans (811,333) (636,458) (992,290) (794,115) c. Others - - - -13. Intangibleassets 1,319,807 1,151,296 1,459,230 1,281,387 Accumulatedamortizationofintangibleassets-/- (572,916) (481,053) (611,577) (512,325)14. Fixedassets 2,750,062 2,559,589 3,210,463 2,994,068 Accumulateddepreciationoffixedassets-/- (1,188,291) (1,089,733) (1,476,570) (1,333,948)15. Non-productiveassets 9,218 49 9,387 218 a. Abandonedproperties - - - - b. Foreclosedassets - - 169 169 c. Suspenseaccounts 9,218 43 9,218 43 d. Interbranchassets - 6 - 6 - ConductingoperationalactivitiesinIndonesia - 6 - 6 - ConductingoperationalactivitiesoutsideIndonesia - - - -16.Allowanceforimpairmentlossesonnon-productiveassets-/- - - - -17. Leasedreceivables - - - -18.Deferredtaxassets - 97,246 60,065 165,93519.Otherassets 3,622,351 3,698,777 3,897,444 3,923,256 TOTAL ASSETS 90,422,307 87,038,531 99,903,220 95,489,850 LIABILITIES & EQUITY LIABILITIES 1.Demanddeposits 1,018,901 528,183 1,116,578 623,352 2.Savingdeposits 6,385,899 6,017,157 7,699,993 7,219,819 3. Timedeposits 57,568,946 54,826,854 57,568,946 54,826,854 4. Revenuesharinginvestmentfunds - - 5,609,704 5,248,048 5. LiabilitiestoBankIndonesia - - - - 6.Liabilitiestootherbanks 244,555 859,357 218,421 822,584 7.Spotandderivativepayables 14,975 2,886 14,975 2,886 8.Securitiessoldunderrepurchaseagreements(Repo) - - - - 9. Acceptanceliabilities - - - -10.Marketablesecuritiesissued 2,145,773 2,543,401 2,145,773 2,543,40111. Borrowings 5,990,508 5,208,640 5,990,508 5,208,64012.Margindeposits - - - -13. Interbranchliabilities - - - - a. ConductingoperationalactivitiesinIndonesia - - - - b. ConductingoperationalactivitiesoutsideIndonesia - - - -14. Deferredtaxliabilities 39,299 - 39,299 -15. Otherliabilities 1,176,423 1,437,406 1,438,152 1,793,46916. Profitsharinginvestmentfunds - - TOTAL LIABILITIES 74,585,279 71,423,884 81,842,349 78,289,053 EQUITY 17. Issuedandfullypaid-incapital 114,933 114,902 114,933 114,902 a. Authorizedcapital 300,000 150,000 300,000 150,000 b. Unpaidcapital-/- (183,163) (33,194) (183,163) (33,194) c. Treasurystock-/- (1,904) (1,904) (1,904) (1,904)18.Additionalpaid-incapital 1,444,129 1,423,381 1,444,129 1,423,381 a. Agio 1,172,966 1,168,885 1,172,966 1,168,885 b. Disagio-/- - - - - c.Capitalcontribution - - - - d. Capitalpaidinadvance - - - - e.Others 271,163 254,496 271,163 254,49619.Othercomprehensiveincome 714,462 716,156 711,121 710,047 a. Foreignexchangetranslationadjustmentof financialstatements - - - - b.(Loss)/gainfromchangesinthevalueofmarketable securities-availableforsale (259) 13,081 89 13,081 c.Cashflowhedging - - - - d.Differencesarisingfromfixedassetsrevaluation 720,782 720,782 724,449 724,449 e.Othercomprehensiveincomefromassociateentity - - - - f. Remeasurementondefinedbenefitprogram (8,262) (23,336) (17,826) (36,240) g. Incometaxrelatedtoothercomprehensiveincome 2,201 5,629 4.409 8,757 h.Others - - - -20. Differenceinquasireorganization - - - -21. Differenceinrestructuringofentitiesundercommoncontrol - - - -22.Otherequity - - (24,267) - 23. Reserves 23,361 23,361 30,361 26,861 a. General reserves 23,361 23,361 30,361 26,861 b. Statutoryreserves - - - -24. Profit/loss 13,540,143 13,336,847 14,768,233 14,254,302 a. Previousyears 12,762,339 12,585,089 13,676,292 13,033,416 b. Currentyear 777,804 751,758 1,091,941 1,220,886 TOTAL EQUITY ATTRIBUTABLE TO THE OWNERS OF THE PARENT 15,837,028 15,614,647 17,044,510 16,529,493 25.Non-controllinginterest - - 1,016,361 671,304 TOTAL EQUITY 15,837,028 15,614,647 18,060,871 17,200,797 TOTAL LIABILITIES AND EQUITY 90,422,307 87,038,531 99,903,220 95,489,850

CAPITAL ADEQUACY RATIOAs of 30 June 2018 and 2017

(InmillionRupiah)

BANK

30 Jun 2018Unaudited

30 Jun 2017UnauditedACCOUNTS

BANK CONSOLIDATED I. CoreCapital(Tier1) 13,248,202 15,680,518 13,595,211 14,915,437 1. CommonEquityTier1(CET1) 13,248,202 15,680,518 13,595,211 14,915,437 1.1 Paidincapital(lessTreasurystock) 114,933 114,933 114,902 114,902 1.2 Disclosed reserves 15,161,658 16,473,303 14,867,852 15,593,512 1.2.1 AdditionalFactor 15,457,600 16,696,705 15,238,375 15,898,665 1.2.1.1 Othercomprehensiveincome 721,130 725,145 730,672 734,339 1.2.1.1.1 Excessdifferencesarisingfromtranslationoffinancialstatement - - - - 1.2.1.1.2 Potentialgainsoftheincreaseinthefairvalueoffinancialassetsavailableforsale 348 696 9,890 9,890 1.2.1.1.3 Fixedassetrevaluation 720,782 724,449 720,782 724,449 1.2.1.2 Otherdisclosedreserves 14,736,470 15,971,560 14,507,703 15,164,326 1.2.1.2.1 Agio 1,172,966 1,172,966 1,168,885 1,168,885 1.2.1.2.2. General reserves 23,361 30,361 23,361 26,861 1.2.1.2.3 Previousyearsprofit 12,762,339 13,676,292 12,585,089 13,033,416 1.2.1.2.4 Currentyearprofit 777,804 1,091,941 730,368 935,164 1.2.1.2.5 Capitalpaidinadvance - - - - 1.2.1.2.6 Others - - - - 1.2.2 DeductionFactor (295,942) (223,402) (370,523) (305,153) 1.2.2.1 Othercomprehensiveincome (607) (607) (193) (193) 1.2.2.1.1 Excessdifferenceslessfromtranslationoffinancialstatement - - - - 1.2.2.1.2 Potentiallossofthedecreaseinthefairvalueoffinancialassetsavailableforsale (607) (607) (193) (193) 1.2.2.2 Otherdisclosedreserve (295,335) (222,795) (370,330) (304,960) 1.2.2.2.1 Disagio - - - - 1.2.2.2.2 Previousyearsloss - - - - 1.2.2.2.3 Currentyearloss - - - - 1.2.2.2.4 Differencesbetweenallowanceforpossiblelossesandallowanceforimpairmentlossesofearningassets (295,335) (222,626) (370,330) (303,154) 1.2.2.2.5 NegativedifferencesonadjustmentoffairvalueonfinancialinstrumentintheTradingBook - - - - 1.2.2.2.6 Allowanceforpossiblelossesonnon-productiveassets - (169) - (1,806) 1.2.2.2.7 Others - - - - 1.3 Non-ControllingIntereststhatcanbecalculated - - - - 1.4 Deductionfactortocommonequitytier1(CET1) (2,028,389) (907,718) (1,387,543) (792,977) 1.4.1 Deferredtaxcalculation - (60,065) - (33,491) 1.4.2 Goodwill - (61,116) - (61,116) 1.4.3 Otherintangibleasset (746,891) (786,537) (660,782) (698,370) 1.4.4 Investmentthatcanbecalculatedasdeductionfactor (1,281,498) - (726,761) - 1.4.5 Shortageofcapitaloninsurancesubsidiarycompany - - - - 1.4.6 Securitizationexposures - - - - 1.4.7 Otherdeductionfactortocorecapital - - - - 1.4.7.1 PlacementoffundsininstrumentsAT1and/orTier2otherbanks - - - - 1.4.7.2 Cross-ownershipinanotherentityacquiredbythetransitionbecauseofthelaw,grants,orgrantswill - - - - 2. AdditionalTier1(AT1) - - - - 2.1 TheinstrumentmeetstherequirementsofAT1 - - - - 2.2 Agio/Disagio - - - - 2.3 DeductionFactors:InvestmentinAT1andTier2instrumentswithotherBank - - - - 2.3.1 PlacementoffundsininstrumentsAT1and/orTier2otherbanks - - - - 2.3.2 Cross-ownershipinanotherentityacquiredbythetransitionbecauseofthelaw,grants,orgrantswill - - - - II. SupplementaryCapital(Tier2) 559,733 627,912 551,457 610,562 1. CapitalinstrumentinformofsharesorotherswhicharequalifiedTier2requirements - - - - 2. Agio/disagio - - - - 3. Generalallowanceforpossiblelossesofearningassets(maximum1.25%ofRWA) 559,733 627,912 551,457 610,562 4. Deduction factor to supplementary capital - - - - 4.1 SinkingFund - - - - 4.2 PlacementoffundsininstrumentsAT1and/orTier2otherbanks - - - - 4.3 Cross-ownershipinanotherentityacquiredbythetransitionbecauseofthelaw,grants,orgrantswill - - - - Total Capital 13,807,935 16,308,430 14,146,668 15,525,999

BANK BANKCONSOLIDATED CONSOLIDATED

30 Jun 2018UnauditedDESCRIPTION

30 Jun 2017Unaudited

BANK BANKCONSOLIDATED CONSOLIDATED

30 Jun 2018Unaudited

30 Jun 2017Unaudited

CONSOLIDATED

RISK WEIGHTED ASSET CAR RATIO RWACREDITRISK 44,715,210 50,181,562 44,033,359 48,772,638 CET1Ratio(%) 22.66% 23.21% 23.56% 23.03% RWAMARKETRISK 47,150 47,150 27,220 27,220 Tier1Ratio(%) 22.66% 23.21% 23.56% 23.03% RWAOPERATIONALRISK 13,704,539 17,334,694 13,639,739 15,971,536 Tier2Ratio(%) 0.96% 0.93% 0.96% 0.94% TOTALRWA 58,466,899 67,563,406 57,700,318 64,771,394 CARRatio(%) 23.62% 24.14% 24.52% 23.97%CARRATIOBASEDONRISKPROFILE 9.26% 9.27% 9.26% 9.26% CET1forBUFFER(%) 14.36% 14.87% 15.26% 14.71%CARALLOCATIONBASEDONRISKPROFILE BUFFERPERCENTAGESHOULDBEFULFILLEDBYBANK(%) FromCET1 8.30% 8.34% 8.30% 8.32% CapitalConservationBuffer(%) 1.875% 1.875% 1.250% 1.250% FromAT1 0.00% 0.00% 0.00% 0.00% CountercyclicalBuffer(%) 0.000% 0.000% 0.000% 0.000% FromTier2 0.96% 0.93% 0.96% 0.94% CapitalSurchargeforSystemicBank(%) 0.000% 0.000% 0.000% 0.000%

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BAB I PENDAHULUAN - digilib.uinsby.ac.iddigilib.uinsby.ac.id/1356/4/Bab 1.pdf · generik dengan tabungan aliansi menjadi Tabungan Muamalat, Tabungan Muamalat Pos, dan Tabungan Muamalat

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ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI TABUNGAN … filesecara agregat maupun tabungan pemerintah daerah dan tabungan masyarakat uaerah ... Hal itu digunakan untuk menutup kesenjangan

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Hedging and Risk Management - Giddy.orggiddy.org/hedging/hedging-objectives.pdf · Title: Microsoft PowerPoint - hedging-objectives Author: Ian Giddy Created Date: 3/14/2009 10:22:51

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