Source file signed link, expires in 15 minutes
Extracted text 749
Page 1
12
12
34
34
45
68
12
34
45
VA
00/ LI D
FR
OM
00
EX 68
00/
P IR
ES
EN
00
D
Building Growth
through Business Strengthening
2023 ANNUAL REPORT
PT Bank Pembangunan Daerah Jawa Timur Tbk.
Page 2
Page 3
12
12
34
34
45
68 Building Growth
through Business
12
34
45
VALID
00 /0 FROM
0 EXPIR 68
00 /0 ES
END
0
Strengthening
Building Growth
through Business Strengthening
2023 ANNUAL REPORT
PT Bank Pembangunan Daerah Jawa Timur Tbk.
2023 In building the sustainable growth of PT Bank Pembangunan Daerah
Jawa Timur Tbk. (Bank Jatim), Bank Jatim always strives to improve the
Annual Report capabilities of all organs in carrying out their business activities. This was
implemented by increasing business growth, technological innovation,
and efficiency. The Bank’s focus on achieving sustainable business
growth was by implementing various strategies, including changing
business models, repositioning networks, changing organizational
structures, improving human resource (HR) management, and
increasing cyber security. Bank Jatim’s transformation program has
been able to produce targeted performance as demonstrated by an
increase in the Bank’s profits and assets.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report
1
Page 4
Theme
Continuity
2022 2019
Annual Report Annual Report
2021 2020
Annual Report Annual Report
PT Bank Pembangunan Daerah Jawa Timur Tbk
2 2023 Annual Report
Page 5
2022 Innovations and investments made by PT Bank Pembangunan Daerah Jawa Timur Tbk (Bank Jatim)
by developing JConnect as a Digital Banking Branding in 2021 was implemented in 2022. JConnect
applications that had been developed include JConnect Sipandai, JConnect EKMG, JConnect
Modernizing The Eloan, JConnect Mobile Banking and Jconnect Internet Banking. These various applications
Service to Increase provided service convenience for the community which in turn had a significant positive impact on
business growth in 2022.
Business Growth
2021 Changes in the marketplace and society require banks to change towards digital banking, or services
that are run with the support of Information Technology. Until 2021, PT Bank Pembangunan Daerah
Jawa Timur Tbk. had been innovating and investing in technology to remain competitive in the era
Consistent Business of the industrial revolution 4.0, especially in the current situation of the COVID-19 pandemic and
Development through the new normal. This was intended to facilitate service to customers, optimize business processes
and strengthen IT Security. As a form of Bank Jatim’s commitment to provide banking services
Synergy and Digital availability, innovation, and ease of access for customers and the public, Bank Jatim proudly
Connectivity presented “JConnect”, a Digital Banking Branding reflecting Bank Jatim’s digital transformation
with the spirit of connecting all needs and easy access to services banking.
JConnect was also able to increase the effectiveness of Bank Jatim’s synergy with various partners
through digitalbased applications, namely with various Bank Jatim merchants used by educational
institutions, local governments, social assistance and hospitals as well as with various digital
ecosystems in Indonesia.
The synergies and digital connectivity encouraged the implementation of consistent business
development. During the current COVID-19 pandemic, digital banking transactions experienced a
significant increase. People preferred to do banking transactions through their respective gadgets,
without having to come to the bank service office, and it could be done anytime and anywhere in
real time online.
2020 2020 became a tough challenge for the world. The outbreak of COVID-19 affected global economic
conditions as a result of outbreak control policies through restrictions on the movement of people
and goods implemented by various countries. In line with the global economy, the dynamics of
Facing Challenges, the national economy throughout 2020 were also affected by the COVID-19 pandemic. Banking
Creating industry activity throughout 2020 was classified as quite restrained due to weak demand for loan as
reflected in the slower performance of loan growth in the banking sector compared to the previous
Opportunities year, although deposits grew significantly compared to the previous year. This led to a lower bank
intermediation performance compared to the previous period.
Various global and national economic conditions as well as the banking industry had become
a challenge for PT Bank Pembangunan Daerah Jawa Timur Tbk. to optimize the strength they
owned. The resilience and relatively high capital adequacy of the Bank as well as the ownership of a
captive market and accessibility of government spending in East Java Province was able to capture
various opportunities that existed. These various opportunities included the large market share of
Bank Jatim, especially civil servants, the high population of millennials as internet and e-commerce
users, and the development of supporting infrastructure for economic development in East Java
Province which was still the main focus. Optimizing the Company’s strengths had been able to
produce the targeted performance. In 2020, the Company was able to increase profits and assets
amidst challenging conditions throughout 2020.
2019 After being able to maximize performance and enhance sustainable synergy towards digital
transformation in 2018, Bank Jatim now has the theme “Capturing Opportunities to Provide Added
Values towards Sustainable Excellent Performance”. This theme is analogous to the interconnected
Capturing lines which illustrate the digitalization process of the Bank in each of its operations.
Opportunities to
Meanwhile, the red arrow-shaped block represents the commitment of Bank Jatim to achieve
Provide Added performance growth in a sustainable manner.
Values Towards
Sustainable Excellent
Performance
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 3
Page 6
Table of Contents
Performance Report of Directors
Highlights and Board of Commissioners
Theme Explanation 1 Report of Directors
Theme Continuity 2
and Board of Commissioners
Table of Contents 4 Board of Directors’ Report 36
Overview of The Company 8 Board of Commissioners’ Report 52
Milestones 10 Responsibility of 2023 Annual Report 64
Our Best Contribution 12
Company Profile
Corporate Identity 68
Performance Highlights
Name and Address of
69
Important Achievements 2023 18 Branch Offices and Sharia Branch Offices
Summary of Financial Overview 20 Company Brand 71
Financial Summary and Financial Ratios 20 Company Brief History 72
Operations Highlights 25 Description of Name Change 73
Stock Information 25 Vision, Mission & Corporate Culture 74
Corporate Actions 27 Vision 74
Termination Action While Trading of Stock 27 Mission 74
(Suspension) and/or Removing of Stock
(Delisting) Review of The Vision and Mission by The Board
75
of Commissioners and The Board of Directors
Bond, Sukuk and/or Convertible Bonds 27
Information Corporate Culture 76
Other Funding Sources Information 28 Business activities 79
Company Analysis Report 28 Business Activities According to the Articles of
79
Association and Executed
Important Events in 2023 29
Products and Services 80
Operational Area 94
Association Membership List 97
Organizational Structure 98
PT Bank Pembangunan Daerah Jawa Timur Tbk
4 2023 Annual Report
Page 7
Company Management Discussion and
Profile Analysis of Bank Performance
Profile of The Board of Directors 100 Chronology of Issuance and/or Listing of Other
151
Securities
Profile of The Board of Commissioners 109
Information on Using the Services of Public
Profile of The Board of Sharia Supervisory 117 152
Accounting and Public Accounting Firm
Profile of Executive Officer 121 Supporting Institutions and/or Professions 152
Employee Profiles 141 Award and Certification 154
Number of Employees by Gender 141 Information Available on the Website 161
Number of Employees by Position Level 141
Number of Employees by Range of Age 141 Management Discussion
Number of Employees by Education Level 142 and Analysis of Bank Performance
Number of Employees by Employment Status 142 Economic Review 164
Shareholders Composition 143 Global Economic Analysis 164
Composition of 20 Largest Shareholders 144 National Economic Analysis 166
Composition of Shareholders 5% or More 145 Banking Industry Analysis 168
Composition of Public Shareholders Less than 5% 146 Bank Jatim’s Position in the Banking Industry
170
Analysis
Share Ownership of Directors and Board of
147 Operational Review 171
Commissioners
Shares Ownership of the Senior Management 148 Bank Strategy 171
Marketing Aspect 174
Classification of Shareholders 148
Marketing Strategy In 2023 174
Main and Controlling Shareholders 148
Market Share 174
List of Subsidiaries, Associated Entities and Joint
148 Operation Review Per Business Segment 177
Venture Company
Company Group Structure 149 Operating Segment 177
Information of Bank Business Group 149 Geographic Segments 209
Financial Review 211
Chronology of Share Issuance 149
Financial Performance 211
Chronology of Issuance and/or Listing of Bond 151
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 5
Page 8
Human Information
Capital Technology
Financial Position Report 211 Maximum Limit For Providing Credit and
284
Providing Large Funds
Statement of Profit and Loss and Other
227
Comprehensive Income Transaction Spot and Derivative Transactions 287
Cash Flow Report 233
Ability to Pay Debt and Receivable Collectibility 235
Human Capital
Fund Interest Rate 239
Quality Analysis of Productive Assets 242 Human Capital Management Strategy 288
Basic Loan Rate 243 Human Capital Management Strategy Policy
290
Bank Capital Structure 250 and Implementation
Information on Capital and Risk Exposure 251 Recruitment 290
Material Commitments Related to Capital Goods Competency Development 292
264
Investment
Career Development 296
Capital Expenditure Investment 264
Performance Assessment 297
Commitment and Contingent 265
Remuneration and Long Term Compensation 297
Information and Material Facts After the
266
Accountant’s Report Date Pension Program 299
Business Prospects and Future Strategies 2024 266 Employee Engagement Survey 299
Achievement of Targets and Future Targets 269 Human Capital Information System 300
Policies, Announcements and Payment of
274 Culture Internalization 302
Dividend
Realization of Use of Public Offering Proceeds 275 Human Capital Management Structure 303
Material Information Regarding Investment, Human Capital Work Plan 2024 304
Expansion, Divestment, Merger/Consolation
275
Businesses, Acquisitions, Debt / Capital
Restructuring
Information on Material Transactions that Information Technology
Contain Conflict of Interest and/or Transactions 275
with Affiliated Parties
Information Technology Strategy 308
Changes in Legal Regulations and its Impact on
279 Information Technology Innovation 309
Banks
Changes in Accounting Policies 280 Information Technology Infrastructure 310
Bank Soundness Level 281 Information Technology Governance 311
Business Continuity Information 281 Information Technology Management Structure 314
Taxation Aspects 282 Information Technology Work Plan 315
Response to Changes in Monetary Policy
283
Directions
PT Bank Pembangunan Daerah Jawa Timur Tbk
6 2023 Annual Report
Page 9
Corporate Corporate Social
Governance Responsibility
Corporate Governance Access to Company Information and Data 469
Code of Conduct 476
Achievements in Implementing Corporate
320 Performance-Based Long-Term
Governance 479
Compensation Policy
Basic For Corporate Governance Implementation 320
Whistleblowing System 481
Structure and Mechanism of Corporate
322 Anti Corruption Program 484
Governance
Structure of Company Organs 322 Management of State Official Wealth Reports
487
(LHKPN)
Governance Soft Stucture 323
Total Internal Frauds and Remedies 488
Corporate Governance Mechanism 324
Provision of Funding for Social and/or Political
Shareholders 324 489
Activities
General Meeting of Shareholders 324 Provision of Funds to Related Parties and
489
Provision of Large Funds
Board of Directors 334
Bank Strategic Plan 489
Board of Commissioners 348
Share Buyback and Bond Buyback 489
Sharia Supervisory Board 382
Transactions Containing Conflicts of Interest 489
Nomination and Remuneration of the Board of
386
Commissioners and Board of Directors Internal Disputes 490
Policies on Diversity of Board of
388 Prevention of Insider Trading 490
Commissioners and Board of Directors
Transparency of Financial and Nonfinancial
Transparency of Share Ownership of Directors 491
390 Conditions
and Board of Commissioners
Implementation of Sustainable Finance,
Organs and Committees Under the Board of 491
392 Including Implementation of Social and
Commissioners Environmental Responsibility
Organ and Committee Under the Board of
415 Implementation of Public Company
491
Directors Governance Guidelines
Implementation of Governance In Provision of Governance Principles for Banks Issued by The
Remuneration for Commercial Banks In 444 500
Basel Committee In Banking Supervision
Accordance With POJK 45/POJK.03/2015
Good Corporate Governance Assessment 500
Public Accountant 448
Internal Control System 449
Risk Management 453
Corporate Social Responsibility
Compliance Function 464
Anti-Money Laundering Program, Prevention of
Terrorism Funding & Prevention of Funding for 466
OJK Index 505
The Proliferation of Weapons of Mass Destruction
Financial Statements 526
Lawsuit 467
Administrative Sanctions Imposed to Companies,
Members of the Board of Commissioners
468
and the Board of Directors by Capital Market
Authorities and Other Authorities
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 7
Page 10
Overview
of The Company
Total Assets
Rp
103,85
Trillion
Established Date Business Fields Number of Office
August 17, 1961 Finance 1 Head Office and
1.819 Office Network
Products & Services
Deposit Products
Consumer Loan
Medium and Corporate Loan
PT Bank Pembangunan Daerah Jawa Timur Tbk
8 2023 Annual Report
Page 11
HEAD OFFICE ADDRESS
JALAN BASUKI RACHMAD 98 – 104,
SURABAYA 60271
Share Ownership
51,13% Goverment of East Java
Province
28,35% 38 Pemda District/ City
Goverment
Number of Employee 20,52% Public
4.544 Employees
Treasury Products Business Services Instituional Services
Sharia Financing Sharia Fund E-Channel & Other
Products Products & Services Services
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 9
Page 12
Milestones
1961-2014 2015-2018
1961 2015
Establishment of PT Bank Pembangunan Daerah Djawa • Launching of Jatim Priority (Premium Service for
Timur. Priority Customers) product, Simpanan Pelajar
(Simpel) Saving Product, SiUMI Saving & Loan
1976 product (SiUMI Program is dedicated for Micro and
Small Entrepreneurs), and Siklus Nelayan Saving
Product.
Change of Status into Regional Owned Enterprise. • Bank Jatim and Indonesian Regional Government
Rural Banks Association (Perbamida) agreed to sign a
Memorandum of Understanding (MoU) related to the
1990
Linkage Program facility to Rural Banks (BPR).
Status upgrade to Foreign Exchange Bank.
2016
1999
• Launching of Program Loan Agreement
• Launching of Mobile Bank Jatim
• Launching of Sipandai Product
Change of status from Regional Owned Enterprise
(BUMD) to Perseroan Terbatas (Incorporated Company).
2017
2007 • Opening of Batam Branch ;
• Launching of New Products, including:
Establishment of Sharia Business Unit of Bank Jatim - Yuan Remittance
- Giro Plus
- Jatim Indag Card
- Smile Premium Link
2012 - Jempol Link (Bancassurance in cooperation with
PT Asuransi Jiwa Sinarmas MSIG Life.
Initial Public Offering on July 12, 2012.
2018
2014 • Launching of Smart ID Card program for Civil
State Apparatus together with Sumenep Regency
Establishment of 44 Micro Business Units. Government
• Launching of Revolving Fund Loans (Hulu Hilir
Agromaritim Loans for Maritime and Fisheries Sector)
• Launching of Remittance Transaction
• Launching of Virtual Account
PT Bank Pembangunan Daerah Jawa Timur Tbk
10 2023 Annual Report
Page 13
2019-2021 2022
2019 2022
• Inauguration and launching of BJTM Connect • Launching of the JConnect Invest application with
• Launching of jatimcode (payment feature for Bank the initial offering of product SBR011 with a total
Jatim Mobile Banking through QR Code scan) offering of 4 retail SBN series throughout 2022.
• Launching of e-Form Loan Portal • Launching of JConnect Remittance, a remittance
• Bank Jatim and UINSA jointly broke a MURI record transaction from Malaysia through a channel (Agent
in mass academic community’s activation of 5,000 or application) belonging to Bank Jatim’s partners,
securities accounts namely MTA – Merchantrade Asia.
• Cooperation with GoPay and Grab .
• Female Volleyball Team achieved hat-trick and
emerged Champion of Livoli of Main Division.
2020
• Launching of the Jatim Code QRIS (Quick Response
Code Indonesian Standard) as the development of
Mobile Banking payment features;
• Launching of loan products to BUMDES (Village
Owned Enterprises) which is an integral part of the
East Java Micro Loan;
• Bank Jatim won various awards, including Top of The
Top BUMD 2020 and The Most Profitable Regional
Bank.
2021
• Launching of Priority E-Jatim.
• Continuous digital banking development through
J-Connect.
• Expansion of Tax Payment Services through the
marketplace.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 11
Page 14
Our Best
Contribution
Having Adequate Digital
Banking Technology
Infrastructure to Compete
with the Industry
Amid various competitive challenges in the banking industry, such as
changes in people’s living patterns and increasingly diverse customer
needs, the banking industry continued to compete in providing
maximum service to their customers or clients. This was the case with
Bank Jatim, which over time continued to maintain its existence in
the banking industry in Indonesia. One of the absolute requirements
to remain existing and superior in such a tight competitive climate
was to improve service quality, because only with excellent service,
customer satisfaction, bank image, and positive financial performance
can be achieved. For this reason, Bank Jatim continued to innovate
to strengthen the bank’s position as one of the leading players in the
national banking industry.
Bank Jatim continued to provide excellent services, especially
digitalization through the JConnect service, which continued to bring
additional features. In 2023, Bank Jatim launched JConnect Pro.
Through JConnect Pro, people can now open a Bank Jatim account
online anytime and anywhere without having to come to the bank
office. Just by filling in their personal data and verifying it with video
banking, customers can have a Bank Jatim account.
PT Bank Pembangunan Daerah Jawa Timur Tbk
12 2023 Annual Report
Page 15
Synergy with Various Parties
Bank Jatim contributed to regional economic development Besides supporting East Java Provincial Government
through synergy with the central and regional governments programs, the Bank also established an integrated business
in supporting strategic programs and projects for regional conglomerate with sister companies/East Java MSME Bank and
economic development. Bank Jatim encouraged business BPR Perbamida. Bank Jatim also strengthened synergy with
performance by supporting the implementation of the East the East Java High Prosecutor’s Office. Moreover, Bank Jatim
Java Provincial Government’s Nawa Bhakti Satya program as also established synergies with various parties, including RSU
well as national strategic projects in East Java Province. This Brimadika for Employee Health Services, Bank NTB Syariah
was implemented through several programs including Jatim for strengthening Sharia Services, Surabaya State University
Sejahtera, Jatim Harmoni, Jatim Berdaya, Jatim Agro, Jatim (UNESA) for the Business and Academic Sectors, as well as
Kerja, Jatim Cerdas dan Sehat, and Jatim Amanah. synergy with Bank Lampung.
Nawa Bhakti
Satya
East Java Provincial
Government
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 13
Page 16
Relatively High Levels
of Bank Capital
Rp CAR
The Capital Adequacy Ratio (CAR) of Bank Jatim for 5 (five)
consecutive years had been at a safe level, namely around
21%. The level of Bank Jatim’s CAR ratio showed that the
bank’s capital structure could balance market risk, credit risk,
and operational risk where the ratio was higher than the BI/OJK
21%
minimum adequacy ratio and the Bank’s capital structure had
complied with BI/OJK regulations of 14%. This shows that the
Bank had managed the Bank’s capital well and had sufficient
capital to protect against solvency risks.
2019 2020 2021 2022 2023
Inauguration of Foreign The villages selected as Foreign Exchange Pendulum
Exchange Producing Village Villages in 2023 are:
Ngindeng Village, Ponorogo
1
In 2023, the Governor of East Java inaugurated the Foreign (PT Enha Sentosa Indonesia).
Exchange Producing Village assisted by Bank Jatim. The
Trayang Village, Nganjuk
definition of this program is to form a village that has certain 2
(PT Astana Shoga Asia).
superior commodities, export quality, capable of mobilizing
the village as an initiator of the creation of export activities Plosorejo Village, Blitar
3
in East Java, either independently or in collaboration with (Kampung Cokelat).
offtakers who are also in the East Java region. In determining
Wates Village, Kediri
the formation of a Foreign Exchange Producing Village there 4
are several criteria as follows: (PT Tropikal Jaya Sukma – P. Sumali).
1. Have a superior product. Kedunggalar Village, Ngawi
2. Villages are unique. 5
(UD Simple Wood - KUPS MJS)
3. There is a community producing superior local products
that are export-oriented.. Wonorejo Village, Malang
6
(PT Pameling Agro Nusantara –
Meanwhile, the objectives of Pendulum Foreign Exchange Koperasi Konsumen Pameling Makmur
Village are: Mandiri).
1. Increase export activities in East Java in the context of
Mujing Village, Pacitan
empowering East Java, as well as improving the quality of 7
(PT Indo Bumi Lavanaa - Bumdes Manunggal)
the trade balance of East Java Province.
2. Increase the brand image with a branding system and Tegalrejo Village, Probolinggo
8
create an ecosystem that supports export-oriented SME (CV Dua Putri Sholehah)
business processes (from upstream to downstream).
PT Bank Pembangunan Daerah Jawa Timur Tbk
14 2023 Annual Report
Page 17
Table of Capital Structure (in IDR million)
Bank Jatim Capital Adequacy Position 2023 2022 2021
Core Capital (CET 1) 11.025.184 10.346.392 9.297.192
Supplementary Capita (Tier 2) 516.010 437.563 415.071
Total Core Capital and Supplementary Capital 11.541.194 10.783.955 9.712.263
Risk Weighted Assets (RWA) for Credit Risk 40.764.771 34.567.488 32.790.641
Risk Weighted Assets (RWA) for Operational Risk 4.083.746 8.917.841 8.397.351
Risk Weighted Assets (RWA) for Market Risk 49.106 108.144 98.936
Total Risk Weighted Asset 44.897.623 43.593.473 41.286.928
CAPITAL ADEQUACY RATIO (%)
CET 1 Ratio 24,56% 23,73% 22,52%
Minimum capital adequacy ratio for credit risk and operational risk 25,73% 24,80% 23,58%
Minimum capital adequacy ratio for credit risk, market risk and operational risk 25,71% 24,74% 23,52%
FOREIGN EXCHANGE
PRODUCING VILLAGE December 2023
Forming a village that has certain superior commodities, export Appreciation and Branding are given to
quality, is able to mobilize as a producer the creation of export Foreign Exchange Producing Villages
activities in East Java, both independently and in collaboration
with offtakers who are also in the East Java region.
September 2023
There is 1 Village in Launching stage III
May 2023 Tegalrejo Village (Probolinggo)
There are 3 villages in the launch stage l: Ngindeng
Village (Ponorogo), Trayang Village (Nganjuk), and 03 04
Plosorejo Village (Blitar)
01 02
August 2023
There are 4 villages in the 2nd stage of the launch,
Wates Village (Kediri), Kedunggalar Village (Ngawi),
Wonorejo Village (Malang), and Mujing Village
(Pacitan)
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 15
Page 18
PERFORMANCE
Highlights
PT Bank Pembangunan Daerah Jawa Timur Tbk
16 2023 Annual Report
Page 19
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 17
Page 20
Important Achievements
2023
COMMERCIAL AND CONSUMER LOAN MICRO LOAN
CORPORATE LOAN IN 2023 IN 2023
IN 2023
Rp
7,06 Rp
30,26 Rp
7,62
trillion trillion trillion
increase increase increase
6,80% 9,23% 44,02%
compared to 2022 compared to 2022 compared to 2022
RETAIL AND
MEDIUM LOAN IN 2023
increase
Rp
6,64 41,32%
trillion
compared to 2022
SHARIA FINANCING
IN 2023 increase
Rp
2,19 14,94%
trillion
compared to 2022
PT Bank Pembangunan Daerah Jawa Timur Tbk
18 2023 Annual Report
Page 21
PERFORMANCE
HIGHLIGHTS
SHARIA INTEREST INCOME
IN 2023
increase
Rp
7,36 6,90%
trillion
compared to 2022
TOTAL ASSET
IN 2023 increase
Rp
103,85 0,80%
trillion
compared to 2022
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 19
Page 22
Summary
of Financial Overview
Financial Summary and Financial Ratios
Tabel of Financial Highlights (in million rupiah)
Description 2023 2022 2021 2020 2019
STATEMENT OF FINANCIAL POSITION
ASSET
Cash 2,652,775 1,988,262 2,023,077 2,511,548 2,729,776
Current account with Bank Indonesia 7,971,412 10,786,740 8,805,300 3,659,968 5,734,527
Current account with other banks 491,330 303,129 211,681 237,715 111,479
Allowance for impairment losses (1,077) (441) (238) (53) (25)
Current accounts with other banks. net 490,253 302,688 211,443 237,662 111,454
Placements with Bank Indonesia and other banks 5,234,721 6,916,329 9,917,695 6,884,658 11,989,584
Allowance for impairment losses (5,026) (3,154) (1,763) (795) (2,357)
Placements with Bank Indonesia and other banks. net 5,229,695 6,913,175 9,915,932 6,883,863 11,987,227
Receivables of spot and derivatif - 361 - - -
Securities 16,323,831 23,217,671 32,388,966 14,666,737 9,568,245
Allowance for impairment losses (511) (400) (5,943) (8,118) (5,174)
Securities, net 16,323,320 23,217,271 32,383,023 14,658,619 9,563,071
Securities sold under a repurchase agreement 8,303,663 4,095,066 - - 1,038,432
Receivable from marketable securities purchased under 7,822,847 3,420,685 12,573,044 5,837,520
6,247,318
resale agreement
Other receivables 223,138 286,147 230,019 131,932 81,265
Loans granted and sharia financing
Related parties 184,848 134,871 182,889 285,595 320,896
Third parties 54,576,055 46,061,786 42,566,670 41,195,171 38,031,404
Number of loans granted 54,760,903 46,196,657 42,749,559 41,480,766 38,352,300
Allowance for impairment losses (1,364,905) (1,318,612) (1,831,417) (1,454,721) (980,134)
Loans granted. net 53,395,998 44,878,045 40,918,142 40,026,045 37,372,166
Accrued interest income 685,734 646,125 793,900 555,020 416,420
Prepaid expenses 207,452 166,661 134,200 227,932 285,522
Fixed assets
Acquisition cost 2,230,878 2,109,260 1,906,263 1,882,572 1,595,455
Accumulated depreciation (953,165) (825,010) (762,052) (676,592) (572,026)
Net book value 1,277,713 1,284,250 1,144,211 1,205,980 1,023,429
Deferred tax asset, net 472,123 502,238 627,211 591,676 522,638
Tax receivables 777 493 412 65 -
Other assets, net 373,402 140,998 115,775 356,098 52,866
TOTAL ASSETS 103,854,773 103,031,367 100,723,330 83,619,452 76,756,313
PT Bank Pembangunan Daerah Jawa Timur Tbk
20 2023 Annual Report
Page 23
PERFORMANCE
HIGHLIGHTS
Description 2023 2022 2021 2020 2019
LIABILITIES, TEMPORARY SYIRKAH FUNDS AND EQUITY
LIABILITIES
Obligations due immediately 987,604 872,514 593,875 484,834 357,565
Deposits from customers
Related parties 12,644,538 15,295,405 17,719,735 14,373,446 14,940,917
Third parties 63,205,317 64,630,285 63,668,950 52,412,975 45,604,955
Total deposits from customers 75,849,855 79,925,690 81,388,685 66,786,421 60,545,872
Deposits from other banks
Related parties 56,694 141,996 360,169 238,860 137,819
Third parties 2,503,627 3,168,842 3,756,367 2,576,134 2,750,611
Amount of deposits from other banks 2,560,321 3,310,838 4,116,536 2,814,994 2,888,430
Securities liabilities sold under repurchase agreements 7,915,163 3,891,346 - - 1,037,094
Borrowings 596,977 631,464 655,288 631,355 1,870,246
Taxes payable 143,245 90,783 165,476 93,135 63,766
Accrued expenses 504,748 520,840 478,647 484,666 433,507
Other liabilities 779,314 472,054 529,738 596,630 538,275
TOTAL LIABILITIES 89,337,227 89,715,529 87,928,245 71,892,035 67,734,755
TEMPORARY SYIRKAH FUNDS
Deposits from customers
Related parties 3,764 2,302 3,021 1,686 -
Third parties 2,343,291 1,839,390 1,810,161 1,680,173 -
Amount of deposits from customers 2,347,055 1,841,692 1,813,182 1,681,859 -
Deposits from other banks
Third parties 19,422 28,285 71,364 40,610 -
Total deposits from other banks 19,422 28,285 71,364 40,610 -
TOTAL TEMPORARY SYIRKAH FUNDS 2,366,477 1,869,977 1,884,546 1,722,469 -
EQUITY
Share capital:
Series A: nominal value of IDR250 (full amount) per
share
Series B: nominal value of IDR250 (full amount) per
share
Authorized:
Series A: 24,000,000,000 shares
Series B: 12,000,000,000 shares
Issued and fully paid:
Series A - 11,934,147,982 shares
Series B - 3,081,350,100 shares 3,753,875 3,753,875 3,753,875 3,753,875 3,750,593
Additional paid-in capital - net 532,734 532,734 532,734 532,734 528,753
Fixed asset revaluation surplus 788,049 789,998 749,717 754,382 748,183
Remeasurement of defined employee benefit liability -
(117,777) (100,912) (163,811) (197,081) (276,061)
net of deferred tax
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 21
Page 24
Description 2023 2022 2021 2020 2019
Unrealized gain financial assets measured at fair value (115,048) 213,177 125,753 20
through other comprehensive income - net of deferred (63,958)
tax
Retained earnings
General reserve 5,788,041 5,042,390 4,301,777 3,546,323 2,893,565
Unappropriated 1,470,105 1,542,824 1,523,070 1,488,962 1,376,505
TOTAL EQUITY 12,151,069 11,445,861 10,910,539 10,004,948 9,021,558
TOTAL LIABILITIES, TEMPORARY SYIRKAH FUNDS
103,854,773 103,031,367 100,723,330 83,619,452 76,756,313
AND EQUITY
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
Interest and sharia income 7,357,284 6,882,651 6,655,168 6,088,742 5,839,016
Interest and sharia expenses (2,316,184) (1,965,595) (1,977,487) (2,031,472) (1,839,415)
INTEREST AND SHARIA INCOME-NET 5,041,100 4,917,056 4,677,681 4,057,270 3,999,601
OTHER OPERATING INCOME
Reversal for impairment- losses on financial assets - - 361,666 - -
Current accounts, savings and deposits administration
193,996 184,480 172,779 162,607 155,360
fees
Collection of loans written-off 127,264 56,653 55,003 55,055 77,973
Loan administration fees 30,880 42,511 34,055 41,357 45,993
Fees and commissions from other than loans 22,093 11,105 5,225 5,613 14,795
Others 274,187 238,820 177,629 153,239 179,859
TOTAL OTHER OPERATING INCOME 648,420 533,569 806,357 417,871 473,980
OPERATING EXPENSES
Salaries and employee benefits (1.762.643) (1,674,698) (1,644,897) (1,544,532) (1,459,394)
General and administrative (1.182.987) (1,229,388) (1,078,820) (684,216) (683,957)
Allowance for impairment losses on financial assets (694,136) (404,659) (819,201) (567,751) (370,265)
Unrealized losses from changes in fair value of
- - - - -
securities, net
Other expenses (194,713) (201,054) (150,020) (162,365) (163,386)
TOTAL OTHER OPERATING EXPENSES (3,834,479) (3,509,799) (3,692,938) (2,958,864) (2,677,002)
INCOME FROM OPERATIONS 1,855,041 1,940,826 1,791,100 1,516,277 1,796,579
NON-OPERATING INCOME (EXPENSES)
Tax service fees 6,444 6,084 4,684 10,063 12,796
Gain on sale of fixed assets 5,608 5,274 3,952 2,670 393
Gain on sale of securities - net 8,698 2,757 131 - -
Gain on foreign exchange 2,390 - 3,497 2,255 2,440
Other non-operating income 33,901 158,513 404,119 16,688 58,490
Non-operating expenses (19,339) (83,405) (269,509) (40,586) (6,565)
Unrealized gain from changes in fair value of securities, - - - -
-
Net
TOTAL NON OPERATING INCOME (EXPENSES) 37,702 89,223 146,874 (8,910) 67,554
INCOME BEFORE TAX EXPENSES 1,892,743 2,030,049 1,937,974 1,507,367 1,864,133
TAX EXPENSES - NET (422,638) (487,225) (414,904) (18,405) (487,628)
CURRENT YEAR PROFIT 1,470,105 1,542,824 1,523,070 1,488,962 1,376,505
OTHER COMPREHENSIVE INCOME
PT Bank Pembangunan Daerah Jawa Timur Tbk
22 2023 Annual Report
Page 25
PERFORMANCE
HIGHLIGHTS
Description 2023 2022 2021 2020 2019
Items that will not be reclassified to profit or loss:
Revaluation surplus (deficit) of fixed assets (1,949) 40,281 (4,665) 6,199 74,239
Remeasurement of employee benefit liability (21,898) 100,163 41,074 100,536 (289,357)
Beginning balance adjustment - (19,678) - - -
Related income taxes 5,033 (17,586) (7,804) (21,556) 57,871
Items that will be reclassified subsequently to profit
or loss:
Unrealized gain (loss) on financial assets measured at (400,611) 103,326 155,226 25
63,074
fair value through other comprehensive income
Beginning balance adjustment - (3,730) - - -
Related income taxes (11,984) 76,116 (15,902) (29,493) (5)
OTHER COMPREHENSIVE INCOME - NET OF TAX 32,276 (225,045) 116,029 240,405 (157,222)
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 1,502,381 1,317,779 1,639,099 1,729,367 1,219,283
BASIC EARNINGS PER SHARE (IN FULL AMOUNT) 97,91 102,75 101,43 99,16 91,80
STATEMENT OF CASH FLOWS
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts of interest, sharia, fees and commissions 7,324,150 7,030,426 6,421,514 5,950,142 5,793,913
Receipts of other operating income 521.156 476,364 384,463 153,239 396,007
Collection of loans written-off 127.264 56,653 55,003 55,055 77,973
Receipts from non-operating income 60.386 172,136 416,380 29,007 74,120
Payment for non-operating expenses (19,337) (82,913) (269,509) (40,586) (6,565)
Payment of interest, sharia, fees and commissions (2,310,264) (1,931,344) (1,983,506) (1,799,442) (1,832,032)
Payment of salaries and employee benefits (1,763,167) (1,659,597) (1,644,897) (1,490,765) (1,427,754)
Payment of general and administrative expenses (1,283,327) (1,296,665) (1,211,045) (544,941) (777,253)
Payment of taxes (368,455) (389,372) (378,098) (378,774) (581,512)
Cash flow from operating activities before changes in
2,288,406 2,375,688 1,790,305 1,932,935 1,716,897
operating assets and liabilities
Changes in operating assets and liabilities:
Placements with Bank Indonesia and other banks (1.500) (7,000) - 112,000 (112,000)
Tagihan spot dan derivatif - - - - -
Loans (9.193.797) (4,347,656) (1,268,793) (3,128,466) (5,038,885)
Marketable securities sold under repurchase agreement (4,208,597) (4,095,066) - 1,038,432 (471,540)
Reverse repo bill 1,575,529 (4,402,162) 9,152,359 (6,735,524) (5,837,520)
Other assets and other receivables (166,678) (117,044) 235,620 (282,585) (53,071)
Liabilities due immediately 115,091 278,638 109,040 127,269 (146,873)
Deposits from customers (3,570,473) (1,434,484) 14,733,587 7,922,408 9,629,941
Deposits from other banks (759,380) (848,777) 1,332,296 (32,826) 2,153,322
Liabilities of marketable securities sold under
4,023,817 3,891,346 - (1,037,094) 470,394
repurchase agreement
Other liabilities 200,981 (39,476) 77,535 (146,658) 27,092
Net cash flows from (used to) (9,696,601) (8,745,993) 26,161,949 (230,109) 2,337,757
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of marketable securities 6,948,323 8,846,760 (17,722,229) (4,943,265) (1,774,238)
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 23
Page 26
Description 2023 2022 2021 2020 2019
Acquisition of fixed assets (149,298) (248,269) (70,838) (32,487) (22,126)
Fixed asset sold 5,608 5,274 4,556 2,671 393
Net cash used in investing activities 6,804,633 8,603,765 (17,788,511) (4,973,081) (1,795,971)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds (payments of) from borrowings 43,578 (23.825) 23,933 (1,238,891) 1,144,682
Penambahan Pinjaman - - - - -
Proceeds from additional paid-up capital - - - 7,263 14,209
Payment of lease liability 6,316 (21,111) - (886) -
Payment of cash dividends (797,173) (782,457) (733,508) (723,747) (683,865)
Net cash is used in financing activities (747,279) (827,393) (709,575) (1,956,261) 475,026
Net increase in cash and cash equivalents (3,639,247) (969,621) 7,663,863 (7,159,451) 1,016,812
Cash and cash equivalents at the beginning of the
19,988,131 20,957,752 13,293,890 20,453,366 19,437,785
year
Effect of foreign currencies exchange rate change - - - (25) (1,231)
Cash and cash equivalents at end of year 16,348,884 19,988,131 20,957,753 13,293,890 20,453,366
Cash and cash equivalents consist of:
Cash 2,652,775 1,988,262 2,023,077 2,511,548 2,729,776
Current accounts with Bank Indonesia 7,971,412 10,786,740 8,805,300 3,659,969 5,734,527
Current accounts with other banks 491,330 303,129 211,681 237,715 111,479
Placements with Bank Indonesia and other banks 5,233,367 6,910,000 9,917,695 6,884,658 11,877,584
Total cash and cash equivalents 16,348,884 19,988,131 20,957,753 13,293,890 20,453,366
FINANCIAL RATIO (%)
Minimum Capital Adequacy Ratio (CAR) 25.71% 24.74% 23.52% 21.64% 21.23%
Earning Asset Quality 4.31% 2.55% 3.31% 3.48% 2.83%
Non-Performing Loans (NPL-Gross) 2.49% 2.83% 4.48% 4.00% 2.77%
CKPN Against Earning Assets 1.72% 1.62% 2.10% 1.93% 1.50%
Fulfillment of PPAP / CKPN 71.72% 73.04% 67.93% 59.48% 52.84%
Profit Against Income 18.32% 18.92% 20.40% 21.70% 21.76%
Liabilities to Equity 735.22% 800.16% 823.17% 735.78% 750.81%
Liabilities to Total Assets 86.02% 88.89% 89.17% 88.04% 88.25%
Net Interest Margin (NIM) 5.57% 5.11% 5.11% 5.55% 6.11%
Ratio of Fee Based Income to Total Operating Income 6.10% 6.32% 5.50% 12.37% 8.86%
Operating Costs / Operating Income (BOPO) 77.27% 76.15% 75.95% 77.76% 71.40%
Return on Asset (ROA) 1.87% 1.95% 2.05% 1.95% 2.73%
Return on Equity (ROE) 13.96% 16.24% 17.26% 18.77% 18.00%
Cost to Income Ratio (CIR) 39.56% 38.41% 38.83% 36.91% 33.52%
Net Interest Margin (NIM) 5.57% 5.11% 5.11% 5.55% 6.11%
Cost Efficiency Ratio 52.53% 50.64% 52.82% 50.93% 52.65%
Loan to Deposits Ratio (LDR) 70.03% 56.50% 51.38% 60.58% 63.34%
Legal Lending Limit (LLL) - - - - -
Minimum Statutory Reserves (IDR) 8.85% 4.75% 5.73% 0.00% 9.63%
Minimum Statutory Reserves (Foreign Currency) 6.62% 7.39% 7.36% 8.22% 9.21%
Net Open Position (NOP) 0.43% 3.26% 0.84% 0.90% 1.37%
PT Bank Pembangunan Daerah Jawa Timur Tbk
24 2023 Annual Report
Page 27
PERFORMANCE
HIGHLIGHTS
Operations Highlights
Table of Operational Highlights of Bank Jatim (in million Rupiah)
Description 2023 2022 2021 2020 2019
CONVENTIONAL
CREDIT/LOAN
Corporate and Syndicated Medium Loan* - 10,320,231 9,691,297 9,748,903 8,711,965
Retail and Micro Loan Programs * - 6,272,869 4,981,888 4,173,152 3,578,740
Consumer Loan 30,256,043 27,698,345 26,313,613 25,989,907 24,659,762
Micro Loan ** 7,617,655 5,289,479 - - -
Retail and Medium Loans** 6,635,264 4,695,043 - - -
Commercial and Corporate Loans** 7,064,083 6,614,321 - - -
THIRD PARTIES FUND/DEPOSITS
Current Account 20,750,151 23,477,047 25,862,874 21,039,158 23,721,437
Savings 28,016,300 23,118,307 24,264,622 22,285,619 21,669,322
Deposit 26,827,854 30,543,334 31,088,576 23,316,556 13,509,606
OTHER SERVICES
Treasury 36,430,876 43,251,010 45,281,074 33,911,368 29,707,332
SHARIA
Funding 2,602,606 2,065,118 1,985,795 1,826,436 1,645,508
Sharia Financing 2,187,858 1,903,471 1,762,368 1,607,359 1,401,833
Sharia Other Services 1,216,406 998,163 1,964,752 1,378,999 875,545
* In 2023, it was adjusted to the organizational structure and became part of Micro Credit, Retail and Medium Credit as well as Commercial and Corporate Credit.
** From 2019 to 2021 it was still part of Corporate and Syndicated Medium Credit as well as Retail Micro Credit and Programs.
Stock
Information
Table of Prices, Volume and Capitalization of Bank Jatim Stock 2022-2023
Price per share Number
Market
of shares Trading Volume
Year Capitalization
Opening Highest Lowest Closing outstanding (Shares)
(IDRBillion)
(IDR) (IDR) (IDR) (IDR) (shares)
2023
Quarter I 710 755 685 735 15,015,498,082 139,115 11,036
Quarter II 735 745 740 645 15,015,498,082 104,445 9,684
Quarter III 650 660 635 635 15,015,498,082 113,499 9,534
Quarter IV 640 640 600 625 15,015,498,082 224,325 9,384
2022
Quarter I 750 830 735 790 15,015,498,082 250,951 11,862
Quarter II 785 800 735 740 15,015,498,082 230,962 11,111
Quarter III 740 740 705 705 15,015,498,082 114,949 10,586
Quarter IV 710 730 675 710 15,015,498,082 78,922 10,661
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 25
Page 28
Graph of Bank Jatim Stock Closing Price for 2022-2023
Share Closing Price (IDR)
800
780 790
760
740
740 735
720 710
705
700
680
660 645
635
640
625
620
600
Quarter I Quarter II Quarter III Quarter IV Quarter I Quarter II Quarter III Quarter IV
2022 2023
Graph of Bank Jatim Stock Trading Volume in 2022-2023
300.00
250,952
250.000
Trading Volume (Shares)
230,962
224,325
200.000
150.000 139,115
114,949 113,499
104,445
100.000
78,922
50.000
0
Quarter I Quarter II Quarter III Quarter IV Quarter I Quarter II Quarter III Quarter IV
2022 2023
PT Bank Pembangunan Daerah Jawa Timur Tbk
26 2023 Annual Report
Page 29
PERFORMANCE
HIGHLIGHTS
Graph of Price and Trading Volume of Bank Jatim Stock in 2022 – 2023
300.00 800
790
250,952 780
Stock Closing Price (IDR)
250.000
Trading Volume (Shares)
230,962 760
224,325
740
735 740
200.000
720
705 710
150.000 139,115 700
114,949 113,499 680
104,445
100.000
78,922 660
645
635 640
50.000 625
620
0 600
Quarter I Quarter II Quarter III Quarter IV Quarter I Quarter II Quarter III Quarter IV
2022 2023
Trading Volume (Shares) Stock Closing Price (IDR)
Corporate Actions
In 2023 Bank Jatim did not carry out corporate actions related to activities that affect the number of outstanding stock, including
stock splits, stock mergers, stock dividends, bonus stock, and changes in the nominal value of stock.
Termination Action While Trading of Stock (Suspension)
and/or Removing of Stock (Delisting)
As of December 31, 2023, Bank Jatim has never been subject to sanctions for temporarily suspending stock trading (suspension)
and/or delisting stock (delisting).
Bonds, Sukuk
and/or Convertible Bonds Information
As of December 31, 2023, Bank Jatim has not issued bonds/sukuk/convertible bonds. Thus, there is no information regarding bonds/
sukuk/ convertible bonds.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 27
Page 30
Other Funding Sources
Information
As of December 31, 2023, Bank Jatim has not issued other securities, so there is no information on the chronology of issuance and/
or listing of other securities.
Company Analysis
Report
No Name Recomendation Target Price Date
1. Panin Sekuritas Neutral - February 20, 2023
2. Sadif Investment Buy 693 August 18, 2023
3. Sinarmas Sekuritas Buy 725 July 28, 2023
4. BRI Danareksa Buy 850 July 5, 2023
5. Mandiri Sekuritas Neutral 800 February 17, 2022
6. RHB Research Buy 1000 December 9, 2022
7. Binaartha Sekuritas Hold 740 December 23, 2022
RESUME
As of December 2023, Bank Jatim continues to show good growth in assets which grew 0.80% yoy and productive assets which grew 18.54% yoy.
For the Income Statement, Net Interest Income decreased by -1.13%. This was due to interest income results that were not in line with credit growth
plus interest expenses that increased by 26.97%. Provisions rose 71.54% yoy and the Non-Performing Loan (NPL) ratio fell from 2.83% to 2.49% due
to the resolution of problem loans and write-off credits.
• In terms of Third Party Funds (TPF), they experienced growth of -4,37% yoy. Decreased savings from Current Accounts which fell -11.46%,
Deposits experienced a decrease of -10.49%. In terms of savings, there was an increase of 9.38%. Savings have increased because it is a reflection
of the growth in users of the JConnect mobile banking application, which has been downloaded by 606 thousand, up 30% with a total transaction
volume of 3.3 trillion in 2023. Bank Jatim recorded a net profit of 1.47 trillion or a decrease of -4. 71% yoy.
• The position of Bank Jatim’s Loan to Deposit Ratio (LDR) in 2023 will increase from 56.50% to 70.03% because it is in line with credit growth.
RoE fell to -2.28%, RoA fell to -0.08%, this was because the asset side increased without being accompanied by profit growth. Meanwhile, Net
Interest Margin (NIM) increased to 5.11% from 5.57%. The BOPO ratio increased to 77.27% due to high interest expenses and the addition of new
employees.
• Bank Jatim’s target for 2024 is, assets grow 9.29% and DPK grows 13.02%. In order to optimize credit growth, Bank Jatim took the initiative to
shift from treasury placement to credit so that credit is targeted to grow 23.66%, because it is supported by an increase in the number of Account
Officers (AO). Thus, because the loan yield is higher than the treasury yield, it will have an impact on the LDR and NIM ratios increasing so that
net profit before tax will be targeted to grow by 15.82% yoy.
PT Bank Pembangunan Daerah Jawa Timur Tbk
28 2023 Annual Report
Page 31
PERFORMANCE
HIGHLIGHTS
Important Events
In 2023
19 January 02 February 17 March
Bank Jatim and RSU Brimadika Bank Jatim supported the Ministry of Bank Jatim launched Tabungan Santri
collaborated on Employee Health Finance Program through MSME and to exploit the potential of the Sharia
Services. KUR assistance. economy.
20 January 08 March 20 March
Bank Jatim started 2023 by Bank Jatim signed a business synergy Bank Jatim supported the East
implementing the CSR of Bank Jatim cooperation agreement with Bank Java Provincial Government’s trade
Peduli. NTB Syariah as a step to strengthen mission in East Kalimantan.
Sharia Services.
01 February 13 March 07 April
Bank Jatim won the ASEAN Asset Bank Jatim achieved Rank A in the Bank Jatim held the JConnect
Class PLCs award for the Bank’s 2023 Sustainability Report. Ramadhan Festival with MSME
consistency in implementing GCG. owners to encourage digital financial
literacy.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 29
Page 32
12 April 25 May 23 June
Bank Jatim distributed dividends Bank Jatim enlightened Kangean Bank Jatim proved its contribution to
of IDR797 billion, increasing Bank Island through the CSR of PJU Solar the country so that it received High
performance. Cell. Dividend Appreciation.
15 May 30 May 27 June
Bank Jatim introduced JConnect The Governor of East Java Bank Jatim became the first bank to
Remittance in Hong Kong to support inaugurated the Foreign Exchange implement Digital Population Identity
the East Java Province trade and Pendulum Village assisted by Bank (IKD) for Banking in Indonesia.
investment mission. Jatim.
17 May 9 June 15 July
Bank Jatim and UNESA signed an Bank Jatim won an award at the Bank Jatim held the 2023 Sharia
MoU in the Business and Academic 2023 Indonesia Financial Top Leader Town Hall Meeting to strengthen
Sectors. Awards. Sharia Performance.
21 May 12 June 31 July
PT Enha Sentosa Indonesia Bank Jatim provided promotional Bank Jatim and the Ministry
successfully exported ginger to four facilities and market access for its of Villages, Development of
countries after receiving full support fostered MSMEs to take part in Trade Disadvantaged Regions and
from Bank Jatim. Missions. Transmigration collaborated in
ASEAN SOMRDPE Indonesia 2023 to
support village and rural progress.
PT Bank Pembangunan Daerah Jawa Timur Tbk
30 2023 Annual Report
Page 33
PERFORMANCE
HIGHLIGHTS
10 August 20 September 18 October
Bank Jatim collaborates with the Bank Jatim won the 2023 ICAII Award Bank Jatim received a Certificate of
High Prosecutor’s Office of East Java for implementing the Five Pillars of Appreciation for the inauguration of
Province. Transformation. Trans Jatim Corridor III.
20 August 29 September 18 October
Bank Jatim launched JConnect Pro in Bank Jatim received an award from Bank Jatim received the Jatim
celebration of its 62nd anniversary. the Ministry of Home Affairs. Bangkit Awards for Bank Jatim’s
support in recovering from the
impact of the pandemic.
25 August 06 October 06 November
Bank Jatim won the 2023 Infobank Bank Jatim launched the Dual Bank Jatim Successfully achieved
Award for its continued positive Banking Leveraging Model to Gold Rank ASRRAT 2023.
performance. improve the performance of the
Sharia Business Unit.
18 September 17 October 10 November
Bank Jatim won the Top 50 Best Bank Jatim implemented CSR and Bank Jatim won the Road to CNBC
Issuers. branding to Pasar Induk Among Tani Indonesia Awards 2023 as the
to commemorate the 22nd anniversary Best Regional Bank for the Bank’s
of Batu City. performance.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 31
Page 34
21 November 12 December 15 December
Bank Jatim provided ambulance Bank Jatim reach the first MURI Bank Jatim was leading innovation
assistance and facilitated financial record in Indonesia with 2,312 by being a pioneer in Indonesia
transactions abroad to support East debtors signing a mass consumer in implementing IKD and was also
Java migrant workers. credit agreement. Bulk Consumer visited by the Directorate General
Credit Agreement. This mass contract of Population and Civil Registration
event aims to inform the public (Ditjen Dukcapil), the Ministry of
regarding Bank Jatim’s readiness to Home Affairs, and the World Bank.
support economic growth in East
Java through the Consumer Credit
sector.
27 November 14 December 15 December
Bank Jatim ranked first in the 2022 President Jokowi attended the Bank Jatim Sharia Business Unit
Annual Report Awards. inauguration of Pasar Induk Among received 3 (three) awards in the 2023
Tani with optimal support from Bank BPKH Award.
Jatim.
30 November
Bank Jatim collaborated with Bank
Lampung.
PT Bank Pembangunan Daerah Jawa Timur Tbk
32 2023 Annual Report
Page 35
PERFORMANCE
HIGHLIGHTS
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 33
Page 36
REPORT OF
DIRECTORS
and Board of
Commissioners
PT Bank Pembangunan Daerah Jawa Timur Tbk
34 2023 Annual Report
Page 37
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 35
Page 38
Board of Directors’
Report
BUSRUL
IMAN
President Director
PT Bank Pembangunan Daerah Jawa Timur Tbk
36 2023 Annual Report
Page 39
REPORT OF DIRECTORS
AND BOARD OF COMMISSIONERS
Respected Shareholders and other Stakeholders,
We thank God Almighty for the blessings and gifts, so Bank Jatim could go through
big challenges in 2023 and recorded good performance.
Transformation Program of Bank Jatim was the main pillar in Receivable Financing Loans, Local Government Loans and
supporting Bank’s target achievement and one of the efforts to Trade Finance Loans.
achieve Bank Jatim’s vision and mission, which was the 1st firm 4. Micro, Retail and Program Loan Products included East
and high-competitive BPD. Java Retail Loans, Laguna Micro Loans, BPR Linkage Loans,
People’s Business Loans (KUR), Loans to Cooperatives for
In this occasion, allow us to submit the implementation Members (KKPA), Loans to Cooperatives (KKOP), KUMK
report of Bank management during 2023, comprising of Bank SU-005/ Government Investment Loans (KIP), Cattle
performance, business prospect analysis, development of Breeding Business Loans (KUPS), Food and Energy Security
the implementation of corporate governance, Committee Loans (KKPE), East Java Micro Loans, Fintech Linkage
performance assessment under the Board of Directors, and the Loans, SiUMI Loans, and BPR RC Loans (Current Accounts)
changes of the Directors’ composition. 5. Treasury Products included General Foreign Exchange
(Telegraphic Transfer), Bank Notes and Deposit on Call.
6. Trade Finance products included Export, Import and
Analysis of Bank Performance Domestic Transactions (SKBDN).
7. Business services included Bank Reference, National
As a company engaged in the banking sector, the aims and Clearing, Real Time Gross Settlement (RTGS), Rupiah
objectives of Bank Jatim are to carry out business in the field Collection, Foreign Exchange Collection, Giralization, BPD
of financial and insurance activities, especially banking, in Net Online, East Java Electronic Transfer System (JETS),
accordance with the provisions of the applicable laws and Jconnect Invest, and Remittance Transaction.
regulations. In accordance with the vision and mission, Bank 8. Services, Bill Payment, Salary Payroll and Trade Transaction
Jatim developed competitive and professionally managed Services.
products and services in order to encourage regional economic 9. Sharia Financing Products included General financing, iB
growth. The Bank owned both conventional and sharia products Griya Barokah KPR, Prosperous KPR, Sharia Multipurpose,
and services as follows: iB Barokah Gold, Gold Metal Ownership, Linkage Program,
Umroh iB Maqbulla, iB Barokah Property Construction
1. Savings products included Rupiah Current Accounts, Working Capital Financing, iB Barokah Land Acquisition
Foreign Currency, Current Accounts, Rupiah Deposits, Financing, Capital Financing of Working Pattern of iB
Foreign Currency Deposits, Simpeda Savings, Cycle Barokah Presidential Decree, iB Barokah Bonded Investment
Savings, Hajj Savings, My Savings, Student Savings Collateral Financing (ITIB), iB Barokah Receivable Financing
(SIMPEL), Laku Pandai Savings (SiPandai) and Cycle (Factoring), Syndicated Financing, Employee and Personal
Retirement Savings. Financing, Bank Guarantees and Halal Industrial Area
2. Consumer Loan products included Multipurpose Loans, Financing.
Employee Loans & Personal Loans, Car Allowance 10. Sharia funding products and services included iB Barokah
Programs for Motor Vehicle Loans, Cash Collateral Loans, Current Account, Simpel iB Savings, My iB Savings, iB
Gold Collateral Loans and Property Loans. Amanah Umroh Savings, Sipandai iB Barokah Savings,
3. Commercial, Corporate and Syndicated Products included Santri Savings, iB Barokah Savings, Barokah Prosperous
Transactional Contract Contractor Loans, Standby Loans, Savings, iB Amanah Hajj Savings, Barokah iB Plan Savings,
Contractor Loans, General Installment Working Capital Retirement Savings iB Barokah, Barokah Deposits, Virtual
Loans, Current Account Working Capital Loans, Investment Accounts, Payment Points, E-Channels (SMS Banking,
Loans, Property Construction Loans, Syndicated Loans, J-Connect Mobile and JConnect Internet Banking) and iB
Loans to Regional Public Service Agencies (BLUD), Barokah Endowments.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 37
Page 40
11. E-channels and other services included SMS Banking Operations Division, General Division, Product Development
(3366), JConnect Internet Banking, JConnect Mobile Division and Credit Administration Unit. The Compliance
Banking, JConnect E-Kmg, JConnect E-Loan, Laku Pandai Directorate was supported by Compliance & APU PPT Division,
Services (Sipandai Bank Jatim), Info Bank Jatim (14044), Legal Division and Policy and Procedures Division. All Divisions
ATM Cards Bank Jatim Debit, Bank Jatim Flazz Card (Co- had contributed to the performance achievements of their
Branding), Safe Deposit Box, Electronic Civil Servant Card respective Directorates and the Bank’s overall performance.
(KPE), Virtual Account, East Java E-Samsat, National Digital
Samsat (Signal), East Java Code QRIS and BJTM Connect. Human Capital and Its Management
Indeed, as a banking company, Bank Jatim could not be In conducting its operational activities, Bank Jatim had
separated from the customers or markets it served. Bank 4,544 employees with details of education level, such as
Jatim targeted all groups of age without exception, including 342 people with non-strata education, 3,872 people with
productive ages (millennials) and non-productive ages (retirees) bachelor’s degrees, 325 people with master’s degrees, and
in all Bank working areas, including the DKI Jakarta and Batam 5 (five) people with doctoral degrees. In 2023, Bank Jatim
Provinces. To serve and establish relationships with a market had provided education to 4,999 employees out of 5,242
that was broad and diverse and had a long-term dimension, employees or conducted training to develop competency for
Bank Jatim created easier access for its customers. This effort 95.38% of employees. This could be completed with the aid of
was conducted by expanding the office network and expected e-Learning technology and content that was easily accessible,
to provide education to customers about banking products that flexibly both from place and time. In terms of composition,
could support their business development. As of December 60.5% of educational programs that had been implemented
2023, Bank Jatim had 1 Head Office and 1,819 office networks were supporting business competencies and 39.5% were
spread throughout East Java. Bank Jatim also had a business supporting business competency. Competency development
network in large city areas such as Jakarta and Batam. activities recorded that 1,576 employees had participated in
the certification program and 4,913 people had taken part in
Effective Organizational Structure the improvement program of the non-certification competency.
Strengthening
Apart from competency development, Bank Jatim also carries
The implementation of the Bank’s management could be seen out career development which is implemented with the aim of
in the organizational structure of Bank Jatim, which was divided preparing, developing and retaining employees so that they
into 6 (six) Directorates under the President Director, such as can display their best performance, both now and in the future.
Micro, Retail and Medium Directorate, Finance, Treasury and Currently the Bank has a tiered career development program
Global Services Directorate, Risk Management Directorate, or promotion program for employees from first level officials to
IT and Digital Directorate, Operations Directorate, and executive officers which is implemented to meet the needs of
Compliance Directorate. Each Directorate was divided into vacant positions.
several Divisions, which supported the implementation of the
duties of the relevant Directors. The President Director was Information Technology Innovasion
supported by Corporate Secretary and Internal Audit Division.
Also, the President Director was supported by several SEVPs Bank Jatim realized that the need for digitalization services
including SEVP Corporate, Syndication and Institutional, was increasing. Bank Jatim had innovated and invested in
SEVP Consumer Banking, SEVP Sharia Business, SEVP technology to remain competitive in the development of digital
Corporate Transformation, and SEVP Network and Services. banking technology. Currently, several products and services
The Micro, Retail and Medium Directorate was supported by had been launched to ease services for the public, such as
Retail and Medium Credit Division and Micro Credit Division. being the first Bank in Indonesia in implementing the Digital
The Finance, Treasury and Global Services Directorate was Population Identity (IKD), SIPD, such as an integrated SP2D
supported by Accounting and Financial Management Division, application for Regional Government Expenditure, JConnect
Treasury Division and International Banking Division. The Risk Pro, CMS, such as an application for Village Government
Management Directorate was supported by Credit Risk Analyst, expenditure, which made easily funds distribution to village
Credit Risk Division, and Credit Restructuring and Settlement partners, Customer Self Service, Siskeudes Link and E-Bansos.
Division. The IT and Digital Directorate was supported by
Information Technology Division, Digital Banking Division dan
Security IT Unit. The Operations Directorate was supported by
PT Bank Pembangunan Daerah Jawa Timur Tbk
38 2023 Annual Report
Page 41
REPORT OF DIRECTORS
AND BOARD OF COMMISSIONERS
Economic Analysis than the growth in the second quarter of 2022 which was
5.73% (yoy). This slowdown was influenced by seasonal factors,
the lack of religious holidays and the absence of holidays
The overall infrastructures owned by Bank Jatim operated throughout the third quarter of 2023 which could encourage
effectively in supporting the implementation of the Board of consumption activity.
Directors’ duties, especially in economic conditions in 2023, which
were still experiencing uncertainty. In the midst of these economic Also, in terms of expenditure, GDP components mostly
conditions, the Board of Directors had been able to run the Bank’s continued to grow, but other components contracted, such as
business well. Further, Bank performance was influenced by government consumption, exports, and imports. Consumption
various factors, especially macro economic conditions. of Non-Profit Agencies Serving Households (LNPRT) increased
6.2%, although slowing down compared to the previous
In terms of the global economy, official data regarding the quarter, Gross Fixed Capital Formation (PMTB) also grew
magnitude of world economic growth until January 2024 had 5.8%. Household consumption continuously developed at
not yet been definitively provided by various sources. However, 5.1%, which was in accordance with the firmness of people’s
in its Quarter III-2023 Monetary Policy Report, Bank Indonesia purchasing power along with controlled inflation.
predicted economic growth in 2023 of 2.9%. The Quarter III-
2023 Indonesian and World Economic Development Report by Related to production, business sectors almost grew
Bappenas stated that the global economic recovery tends to positively, excluding for Education Services and Government
retard, which is reflected in the unequal speed of global economic Administration, contracted 2.1% and 6.2%, respectively.
growth in Quarter III-2023 and influenced by, such as, tight Government administration was one of the sectors experiencing
financial conditions, vulnerable trade growth, lower optimism contraction in Quarter III-2023. The underperformance of
in the business aspect and consumers, escalated geopolitical this sector was affected by the lower realization of employee
tensions after the Russia-Ukraine war, the development of the expenditure in the National Revenue and Expenditure (APBN),
Palestine-Israel conflict, the impact of tightening monetary policy, and the absorption capacity of employee expenditure in
and extreme weather. Further, the United States economy grew Quarter III-2023 was lower than Quarter III-2022.
by 2.9% (yoy); China developed 4.9% (yoy); Japan’s economy
retarded 1.2% (yoy); South Korea increased 1.4% (yoy); and Generally, national banking performance was still quite good as
Singapore extended 1, 1% (yoy). Most countries’ central banks reflected in a number of banking performance indicators, which
inclined to maintain their interest rates, which was in accordance remained good and at a safe level. The Bank Indonesia’s Board
with relieving inflation. Energy commodity prices were on a positive of Governors (RDG) meeting dated December 20-21, 2023
trend, though they were lower than 2022. Additionally, agricultural decided to maintain BI 7-Day Reverse Repo Rate (BI7DRR) at
commodity prices were still sloping, and metal base prices were 6.00%, the deposit facility interest rate 5.25%, and the lending
varied, as well as precious metal prices were strengthening. facility interest rate at 6.75%. This decision was consistency of
monetary policy to ensure low and controlled inflation and to
In most countries, central banks tended to maintain their maintain economic recovery and exchange rate stability.
interest rates as inflation subsides. The Federal Reserve held
the rate of increase in the Fed Funds Rate (FFR) interest rate at Resilience of banking liquidity was still maintained, supported by
a range of 5.25%-5.50% throughout Quarter III-2023, which was growth in Third Party Funds (DPK) of 6.54% (yoy) in September
the highest level in the last 22 years. This policy was stipulated 2023. The ratio of Liquid Assets Ratio to Third Party Funds (AL/
by considering the fluctuation in inflation since the Covid-19 DPK) remained high, such as 25.83%. This liquidity development
lockdown, which had sharply declined from an annual rate of had a positive impact on the development of banking interest
9.1% in June 2023 to 3.7% in September 2023. However, this rates, and 1 (one)-month bank deposit interest rates and credit
inflation rate was still above the Fed’s target of 2% in the mid of interest rates in September 2023 were maintained at 4.28%
the continued price increasing signal. and 9.36%, respectively. Bank Indonesia’s stress-test results
also showed that banking resilience remains firm in dealing
In the midst of retarding global conditions, the Indonesian with global pressures. Bank Indonesia will continuously affirm
economy positively improved in Quarter III-2023, though it synergy with the Financial System Stability Committee (KSSK) in
experienced a slowdown to 4.94% (yoy), lower than the growth mitigating various risks that potentially disrupt financial system
in Quarter II-2022, which was 5.73% (yoy). This slowdown was stability and economic growth momentum.
influenced by seasonal factors, the lack of religious holidays
and the absence of holidays throughout Quarter III-2023, which Determination of Credit, Savings and
could boost consumption activity. Competitive Interest Rates
In the midst of slowing global economic conditions, the Based on economic and industrial analysis and taking into
Indonesian economy in the third quarter of 2023 grew positively account existing challenges, Bank Jatim has set a market target
even though it experienced a slowdown to 4.94% (yoy), lower in the form of increasing DPK and Credit. The targets for DPK
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 39
Page 42
and credit distribution in 2023 are IDR 78.20 trillion and IDR 54.76 trillion, respectively. This increase was carried out, among other
things, by collaborating on Sponsorship Events in Bank Jatim’s working areas, opening accounts at schools and one student account,
collaborating with other banking institutions/entities/companies, as well as implementing Digital Population Identity (IKD for Banking
in collaboration with Directorate General of Population and Civil Registration, Ministry of Home Affairs.
To achieve market target, Prime Lending Rate for 2023 was determined as follows:
Table of Prime Lending Rate
Bank Jatim Prime Lending Rate as of December 2023
Based on Business Segment
Consumer Loan
Corporate Loan Retail Loan Micro Loan
KPR Non KPR
7.68% 8.21% 13.40% 8.22% 9.58%
In addition, bank Jatim also set competitive and competitive interest rates for time deposits and current accounts presented as
follows:
Table of Savings Interest Rates as of December 2023
Tier Interest Rate
SIMPEDA
0 - < IDR1 million 0.00%
IDR1 million - < IDR10 million 0.50%
IDR10 million - < IDR50 million 0.75%
IDR50 million - < IDR500 million 1.00%
≥ IDR500 million 1.50%
SIKLUS
0 - < IDR1 million 0.00%
IDR1 million - < IDR10 million 0.75%
IDR10 million - < IDR50 million 1.00%
IDR50 million - < IDR500 million 1.25%
≥ IDR500 million 1.50%
SIKLUS MIKRO KECIL (SIUMI)
0 – IDR500 thousand 0.00%
> IDR500 thousand 1.50%
SIKLUS NELAYAN (SiNyal)
0 – IDR500 thousand 0.00%
> IDR500 thousand 0.50%
HAJJ SAVING
All Nominal 1.00%
TABUNGANKU
0 – IDR500 thousand 0.00%
>IDR500 thousand – IDR1 thousand 0.25%
>IDR1 thousand 1.00%
Notes:
Interest was calculated on a daily basis and according to the applicable tiering
Interest was paid according to the payment period
PT Bank Pembangunan Daerah Jawa Timur Tbk
40 2023 Annual Report
Page 43
REPORT OF DIRECTORS
AND BOARD OF COMMISSIONERS
Tier Interest Rate
SIKLUS PRIORITAS
0 - < IDR500 thousand 0.00%
IDR500 thousand - < IDR7,5 thousand 1.50%
IDR7,5 million - < IDR100 million 1.75%
IDR100 million - < Rp IDR1 billion 2.00%
≥ IDR1 billion 2.25%
LAKU PANDAI SAVING
All Nominal 0.50%
SIKLUS PENSIUN
0 - < Rp250 thousand 0.00%
Rp250 thousand - < Rp7,5 million 1.25%
Rp7,5 juta million - < Rp100 million 1.50%
≥ Rp100 million 1.75%
SIKLUS VALAS
USD
< USD100 0.00%
> USD100 - ≤ USD10.000 0.05%
> USD10.000 - ≤ USD100.000 0.15%
> USD100.000 0.25%
SGD
< USD100 0.00%
> USD100 - ≤ USD10.000 0.05%
> USD10.000 - ≤ USD100.000 0.15%
> USD100.000 0.20%
EUR
0 - EUR300 0.00%
> EUR300 0.10%
JPY
All Nominal 0.00%
HKD
All Nominal 0.00%
Table of Time Deposit Interest Rates as of December 2023
Tenor (Month)
Tier
1 Month 2 Months 3 Months 6 Months 12 Months 18 Months 24 Months
≥IDR2,5 million- IDR1 billion 2.70% pa 2.80% pa 2.90% pa 3.00% pa 3.10% pa 3.15% pa 3.15% pa
>IDR1 billion 2.75% pa 2.85% pa 2.95% pa 3.05% pa 3.15% pa 3.15% pa 3.15% pa
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 41
Page 44
Table of Foreign Exchange Interest Rates as of December 2023
Tenor (Month)
Tier
1 Month 3 Months 6 Months 12 Months
USD
≥ USD 1.000 - ≤ USD 100.000 0.75% pa
> USD 100.000 1.00% pa
SGD
≥ SGD1.000 0.10% pa
EUR
≥ EUR750 Each placement had to be approved by the Division in charge
JPY
≥ JPY100.000 Each placement had to be approved by the Division in charge
HKD
≥ HKD7.500 Each placement had to be approved by the Division in charge
AUD
≥ AUD2.000 0.50% pa
CNY
≥ CNY7.000 0.70% pa
Notes: Above the counter rate, the branch sought approval from the Head Office
Table of On Call Deposit Interest Rates as of December 2023
Tier Interest Rate
0,75% below the market interest rate of Government Banks, Regional Development Banks or Private Banks
Deposit On Call (Rupiah)
obtained from LHBU or Reuters
Table of Current Account Interest Rates as of December 2023
Tier Interest Rate
RUPIAH (IDR)
Calculation of progressive daily giro service
IDR0 - IDR5 million 0.00%
> IDR5 million - IDR100 million 0.50%
> IDR100 million - IDR1 billion 0.75%
> IDR1 billion - IDR500 billion 0.90%
> IDR500 billion - IDR750 billion 1.25%
> IDR750 billion 1.75%
Escrow Account Current Account Same as Rupiah current accounts, and had to be included in the Cooperation Agreement (PK)
FOREX
USD Forex Current Account
≤ USD1.000,00 0.00%
> USD1.000,00 - ≤ USD10.000,00 0.05%
> USD10.000,00 - ≤ USD100.000,00 0.15%
> USD100.000,00 0.25%
PT Bank Pembangunan Daerah Jawa Timur Tbk
42 2023 Annual Report
Page 45
REPORT OF DIRECTORS
AND BOARD OF COMMISSIONERS
Tier Interest Rate
SGD FOREX CURRENT ACCOUNT
≤ SGD1.000,00 0.00%
> SGD1.000,00 - ≤ SGD10.000,00 0.05%
> SGD10.000,00 - ≤ SGD100.000,00 0.15%
> SGD100.000,00 0.20%
EUR FOREX CURRENT ACCOUNT
EUR 0.10%
JPY Forex Current Account
JPY 0.00%
AUD Forex Current Account
AUD 15.000 - < AUD 150.000 0.20%
≥ AUD 150.000 0.50%
HKD FOREX CURRENT ACCOUNT
HKD 78.000 - < HKD 780.000 0.20%
≥ HKD 780.000 0.50%
CNY FOREX CURRENT ACCOUNT
CNY 72.000 - < CNY 720.000 0.20%
≥ CNY 720.000 0.50%
Table of Profit Sharing Ratio
Product Profit Sharing Ratio Profit Sharing Realization
Individual Wadiah Current Account 0.00% 0.00%
Wadiah General Office/Government Current Account 0.00% 0.00%
Private General Wadiah Current Account 0.00% 0.00%
Government General Mudharabah Current Account 5.00% 0.51%
My Savings iB 0.00% 0.00%
Smart Practice Savings 0.00% 0.00%
Simple Savings 0.00% 0.00%
Student Savings 0.00% 0.00%
Amanah iB Umrah Savings 0.00% 0.00%
Amanah Hajj Savings 10.00% 1.02%
Barokah Savings 12.50% 1.27%
Prosperous Barokah Savings 4.00% 0.41%
iB Barokah Plan Savings 25.00% 2.54%
iB Barokah Pension Savings 15.00% 1.52%
Deposit 1 Month 36.00% 3.66%
Deposit 3 Months 38.00% 3.86%
Deposit 6 Month 41.00% 4.16%
Deposit 12 Month 42.50% 4.32%
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 43
Page 46
Strategic Policy and Strategy 3. Strengthen the monitoring and evaluation process for the
settlement of non-performing loans, among others, by
evaluating the Key Performance Indicator (KPI) of the non-
The Board of Directors leads the formulation of the bank’s performing loan settlement work unit
strategy directly through various meetings between the Board 4. Evaluate division performance to be more effective and
of Directors and key management as stated in the bank’s efficient.
Business Plan (RBB). The Board of Directors always ensures that 5. Improved Service Level Agreement (SLA).
the strategy has been implemented effectively through various 6. Evaluate the implementation of the new organizational
Coordination Meetings, provision of direction, and reporting structure.
mechanisms. 7. Improving the quality of human resources through training
activities.
In line with the Bank’s policy direction and taking into account 8. Improvement of remuneration.
the latest developments in economic conditions, the Bank 9. Evaluation and implementation of rewards and punishments.
focuses on implementing the following strategies: 10. Improve the new employee recruitment system.
1. Change of business model from per credit scheme to 11. Strengthening the company’s work culture through change
segmentation based on ceiling. agent training.
2. Network repositioning especially the Surabaya area and 12. Establish a work culture in KPI in 2023.
Class 1 Branches. 13. Roadmap for GCG improvement to be ranked 2nd in 2023.
3. Changes in organizational structure are adjusted to the 14. Maintain the average risk profile rating at 2.
development of the business. 15. Improvement in the quality of service standards to be
4. Increase non-organic assets by corporate action to invest in ranked 2nd among BPD throughout Indonesia in 2023.
financial institutions and capital participation in bank NTB
Syariah which is continued to the bank Business Group The Bank’s strategy for Sharia Business Units includes DPK
(KUB) stage. and Financing strategies. DPK Syariah’s strategy of increasing
5. Increase fee-based income by adding Bank Jatim’s CASA and fee based income is carried out by implementing
e-channel feature. two strategic approaches, namely maintenance of existing
6. Increase the collection of Non-Local Government Funds customers and acquisition of new customers. Strategic
(Pemda) by increasing the Current Account Saving Account financing steps are carried out by optimizing the disbursement
(CASA). of syndicated financing, accelerating the financing proposal
7. Strengthen the monitoring and evaluation process for non- process, optimizing analyst staff, approaching the MSME
performing loan settlement, among others, evaluating the community, optimizing the distribution of BMT/BPRS financing
Key Performance Indicator (KPI) of the non-performing loan and establishing cooperation with various agencies.
settlement work unit.
8. Improve the management of Human Resources (HR), among
others, by conducting workload analysis and mapping HR Achievement of Performance Targets
needs, compiling talent pool mechanisms and career paths
for HR by paying attention to the mission of becoming Based on the strategy that has been implemented, in 2023 Bank
an IT-based and Digital bank, and compiling programs to Jatim has produced good performance in accordance with the
improve the competence and quality of human resources by target. From the operational side, total Micro Loan distribution
conducting training for customers by launching J-Connect in 2023 will be IDR7.62 trillion, an increase of 44.02% compared
as BankJatim’s digital banking branding. to 2022 which was IDR5.29 trillion. Total Retail and Medium
9. Improve cyber security among others, by managing cyber Loan distribution in 2023 will be IDR6.64 trillion, an increase
security, mandatory cyber risk assessment, mandatory of 41.32% compared to the previous year which amounted to
testing of the Bank’s information technology vulnerability, IDR4.70 trillion. Total distribution of Commercial and Corporate
assessment of cyber maturity level, and implementation of Loan in 2023 will amount to IDR7.06 trillion, an increase of 6.80%
the Bank’s cyber security testing. compared to 2022 which amounted to IDR6.61 trillion. Total
10. Sustainable implementation of Corporate Culture, risk Consumer Loan in 2023 will reach IDR30.26 trillion, an increase
culture development, compliance culture, service culture, of 9.23% compared to 2022 which was IDR27.70 trillion.
and marketing culture.
In the Sharia segment, the realization of Sharia TPF in 2023
To support the focus of this strategy, Bank Jatim also formulates was IDR2.60 trillion, an increase of IDR537.49 billion or 26.03%
strategic policies as follows : compared to 2022 of IDR2.07 trillion. The increase in Sharia TPF
1. Network repositioning, especially in the Surabaya area and mainly came from growth in Deposito Barokah amounting to
Class 1 Branches. IDR381.34 billion. Apart from TPF, in the sharia segment there
2. Changes in organizational structure are adjusted to the has also been an increase in sharia financing. Total financing
development of the business. realized in 2023 was IDR2.18 trillion, an increase of IDR284.39
billion or 14.94% compared to 2022 of IDR1.90 trillion.
PT Bank Pembangunan Daerah Jawa Timur Tbk
44 2023 Annual Report
Page 47
REPORT OF DIRECTORS
AND BOARD OF COMMISSIONERS
Good achievements can also be seen from the financial side. Important Things to Happen in the
In 2023, Bank Jatim’s net interest and sharia income was Future and Business Prospects
recorded at IDR7,357,284 million, an increase of 6.90% from
last year’s IDR6,882,651 million. For the financial year ending
December 31, 2023, Bank Jatim’s total assets amounted to According to the World Economic Outlook (IMF, October
IDR103.854.773 million, an increase of 0.80% from last year’s 2023), global economic growth in 2023 is expected to be at
IDR103,031,367 million. Equity in 2022 reach IDR12,151,069 the level of 2.9%, Latin America at 2.3%, Europe at 1.2%, and
million, an increase of 6.16% compared to the previous year Middle-East Africa at 3.4%. meanwhile, economic growth in
which reached IDR11,445,861 million. developing countries in Asia is projected to grow 4.8% in 2024.
The solid economic outlook for Asia is shown by, among others,
In general, Bank Jatim has met the expectations of its Indonesia rising again to become an upper-middle income
Stakeholders. Various targets that have been set have been country, which shows the large potential for consumption and
realized in 2023. Credit provided reached 100.04% with a investment. The high commitment in structural reforms shown
realization of IDR 54.76 trillion in 2023. In terms of income, the by several Asian countries such as India, Indonesia, Thailand,
achievement of interest income was 104.44% with a realization and the Philippines is also expected to further accelerate the
in 2023 of IDR 7. 36 trillion. The CAR ratio in 2023 will be growth of the Asian region, and in turn the global economy.
25.71%, with a target achievement of 118.26%. India’s economic growth is expected to continue solidly in
2024, the highest among G20 countries. India, which accounts
In the future, Bank Jatim will continue to implement the for three-quarters of South Asia’s economic output, is expected
strategies that have been determined, and is committed to by the IMF to grow by 6.1 percent this year and increase by
being able to play an active role in the BPD transformation 2024.
program which has high resilience and competitiveness while
continuing to act as an agent of development in the region Indonesia’s economy is showing economic resilience and a
through inclusive and sustainable growth. strong recovery amidst global challenges. Indonesia’s economic
growth projection for 2024 is expected to be maintained at
Obstacles Faced by Banks and Efforts to 5.2%. National political stability is expected to be maintained
Overcome Them and it encourges public and business optimism to continue
economic activities and the positive trend of new job openings.
Despite showing good performance, the Bank also faced In addition, improving the level of public welfare will also
various obstacles. These obstacles include the digitalization be a driving factor for consumption in 2024. Government
of business processes that have not been optimal and the consumption in 2024 is projected to grow relatively high.
security of information technology systems that must be The holding of simultaneous elections and regional elections
improved continuously. To overcome these obstacles, the in 2024 is one of the pillars of the growth of government
Bank has a strategy, namely by improving cyber security, consumption in 2024.
among others, by managing cyber security, mandatory cyber
risk assessment, mandatory testing of the bank’s information The capacity and development of the financial services sector
technology vulnerability, assessment of cyber maturity level, in 2024 will still be influenced by global and national economic
and implementation of the Bank’s cyber security testing. sentiment. The future development of the banking industry
faces some challenges and opportunities that could shape a
In addition, the quality of the Bank’s human resources is also profound transformation in the way banks operate and interact
still inadequate. To overcome these obstacles, the Bank has with customers. One of the main trends is the use of digital
improved the management of Human resources (HR). This is technologies that continue to grow, such as artificial intelligence
carried out, among others, by conducting workload analysis (AI), data analytics, and blockchain technology. Banks are
and mapping HR needs, compiling talent pool mechanisms striving to improve operational efficiency and provide a more
and career paths for HR by paying attention to the mission personalized and seamless customer experience by leveraging
of becoming an IT and Digital-based bank and compiling these technological innovations. A concrete example of
programs to improve the competence and quality of human this development can be seen in the application of artificial
resources by conducting training for customers by launching intelligence in credit risk analysis. Banks are using AI algorithms
J-Connect as Bank Jatim’s digital banking branding. to evaluate customers’ credit profiles more accurately and
quickly, enabling them to make smarter credit decisions. This
not only improves the credit approval process but also reduces
risk for banks.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 45
Page 48
In addition, the development of fintech and the integration of 3. Optimization and improvement of information technology-
digital finance are important factors in formulating the future of based products and services while taking into account the
the banking industry. The adoption of digital payments, peer- principles of prudential banking and security.
to-peer lending platforms, and app-based financial services is 4. Market expansion and deepening to improve business and
becoming more common. Banks are striving to adapt to this achieve financial inclusion through service improvement
trend by providing more digitally accessible banking services, and optimization of network roles including smart selling
including online account opening, instant money transfers, and agents.
financial management through mobile applications. 5. Increased profitability through increasing CASA ratio,
improving credit quality, sustainable foreign exchange
Considering those mentioned above, Bank Jatim’s policies and financial services, and developing other digital-based and
strategies steps will focus on the following internal advantages: customer-oriented.
1. Adequate digital banking technology infrastructure to 6. Expansion and increase cooperation with various parties, to
compete with the industry. increase business in the field of funds and credit/ financing.
2. Synergy with various parties, such as fintech, local 7. Maintain good relations with customers, especially
governments, and other related parties. shareholders by providing full support for government
3. Diversified financial product and service offerings for a programs and playing an active role in strategic projects,
wide variety of customer segments. especially in East Java Province.
4. Having good relationships and synergies with shareholders, 8. Improving digital-based service, building ecosystems
especially the Provincial Government and Regency/ City and supporting facilities both with local governments
Governments. and the private sector aimed at accelerating Bank Jatim’s
performance.
By utilizing its internal advantages, Bank Jatim is optimistic that
it has good prospects in the future. The opportunities for Bank
Jatim in 2024 are as follows: Corporate Governance
1. Shifting public behavior in the use of banking technology.
2. The demographic landscape of the millennial population The implementation of Corporate Governance at Bank Jatim
who are active users of the internet and e-commerce, as always refers to applicable regulations. The implementation
well as the potential of the digital economy and finance. of good corporate governance (GCG) can encourage good
3. The positive climate of sustainable economic growth in performance in the Bank’s business activities. To improve
East Java. the implementation of Bank Jatim’s governance sustainably,
4. There are still many market opportunities from local Bank Jatim always applies the five principles of GCG, namely
government and private ecosystems. transparency, accountability, responsibility, independence, and
5. The potential market share of Bank Jatim, especially Civil fairness. These five principles are implemented through fulfilling
Servants (PNS). the interests of shareholders and giving equal treatment to
6. Regional-based economic development programs in East all shareholders; sustainability and durability; implementing
Java Province. disclosure and transparency; and carrying out the duties and
7. Utilization of Artificial Intelligence (AI) and new technologies responsibilities of the Board of Commissioners in carrying out
in improving operational efficiency and customer the function of supervision and providing advice to the Board
experience. of Directors.
Based on the analysis of its advantages and opportunities, the In fulfilling the interests of shareholders, the Bank has adhered
formulation of the Bank’s business development strategy in to shareholder rights, including the fair and timely payment
2024 is focused on the following: of dividends. New shareholders originating from this Public
1. Loan distribution/ financing activities, especially to Offering will acquire the same and equivalent rights as existing
productive and potential economic sectors balanced shareholders of the Company, including the right to receive
with the development and improvement of facilities and dividends. The amount of dividends to be distributed is linked
infrastructure supporting business activities (improvement to the Bank’s profits for the respective financial year, considering
of provisions and supporting technology) while still taking the Company’s profit level, and without diminishing the rights of
into account prudential banking principles. the General Meeting of Shareholders of the Bank to determine
2. Utilization of strategic projects, to encourage economic otherwise in accordance with the Bank’s Articles of Association.
growth and improve business performance through In addition to dividend distribution, the Bank has also fulfilled
productive loan distribution to strategic sectors and the following shareholder rights:
MSMEs, especially in East Java Province.
PT Bank Pembangunan Daerah Jawa Timur Tbk
46 2023 Annual Report
Page 49
REPORT OF DIRECTORS
AND BOARD OF COMMISSIONERS
1. Series A shares confer special rights to their holders in proper, accountable manner, and in accordance with applicable
terms of quorum attendance and approval at the General legal regulations.
Meeting of Shareholders (GMS) for:
a. Attending and approving the appointment, dismissal, One of the continuous expectations of customers that Bank
and approval of resignations of the Board of Directors Jatim consistently realizes is the provision of equal services
and Board of Commissioners. for all, without discriminating based on background, ethnicity,
b. Attending and approving changes to the Articles of race, gender, religion, political views, and so on. Furthermore,
Association involving the issuance of equity securities equality is also extended to customers falling into the category
or changes in the subscribed and paid-up capital. of special needs, including those with disabilities, such as those
c. Attending and approving the contribution of shares in experiencing physical, intellectual, mental, and/or sensory
the form of assets other than cash, whether tangible or limitations. Bank Jatim’s commitment to providing the best
intangible. products and services, including equal treatment, is driven by
d. Attending and approving mergers, consolidations, the awareness that customers have these rights.
acquisitions, separations, and filing for bankruptcy and
the dissolution of the Bank. Bank Jatim collaborates with suppliers/vendors/business
2. Except for the special rights as mentioned above, partners to fulfill the goods and services needed in its
shareholders of series B have the same rights. operations. This policy is adopted because the Bank cannot
meet all its needs for goods and services independently. To
The Bank has conducted the Annual General Meeting (AGM) obtain goods and services with the best quality and in line with
in a timely manner. The Annual General Meeting for the the required criteria and specifications, all suppliers affiliated
2022 Fiscal Year was held on April 12, 2023. The Annual with Bank Jatim must meet prerequisites and general policies
General Meeting was carried out successfully, adhering to the as stipulated in the Board of Directors Decree No. 060/03/34/
predetermined agenda. DIR/UMM/KEP, dated October 4, 2021, regarding the Standard
Operating Procedure (SOP) for Procurement of Goods/Services
Bank Jatim has treated all shareholders equally. Unless otherwise at PT Bank Pembangunan Daerah Jawa Timur Tbk. Specifically,
specified in the Articles of Association, holders of Series A the SOP governs electronic procurement, including the
and Series B shares have equal rights, and each share carries management of provider data through the Vendor Management
one voting right. All shareholders have equal rights to obtain System (VMS).
information related to the Bank. Bank Jatim provides equal
treatment to all shareholders in providing information required The presence of Bank Jatim directly benefits the community
by investors or shareholders to avoid inside information that is by providing various banking products and services throughout
known only to the Majority Shareholders. the regions of districts/cities in East Java. In addition to direct
benefits in the form of banking services, the presence of Bank
In ensuring sustainability and resilience, Bank Jatim has Jatim also provides several indirect benefits to the community.
measured sustainability performance and reported it in These benefits are realized through the implementation
the Sustainability Report annually. The Bank consistently of Corporate Social Responsibility and Environmental
engages stakeholders in determining material sustainability Responsibility (CSR & ER) programs. CSR & ER represent Bank
issues faced by the Bank, communicating them to the Board Jatim’s commitment to participating in sustainable economic
of Commissioners. Stakeholders are defined as entities or development to improve the quality of life and the environment,
individuals influenced by the company’s activities, products, benefiting the bank itself, the local community, and society at
and services. Conversely, their existence also influences the large.
Bank in achieving the success of implementing strategies and
goals. The operational activities of the banking industry do not have a
direct impact on environmental sustainability. Nevertheless, as
Stakeholder engagement is directed towards the Bank’s a credit provider, banks have a significant role and responsibility
business interests while considering corporate social in promoting environmental sustainability by carefully assessing
responsibility, environmental concerns, and prioritizing projects financed by their debtors. In this regard, banks must
communication with various strategic partners. The stakeholder ensure that the projects undertaken by debtors do not have
engagement process includes Bank Jatim’s efforts to meet the the potential, let alone factual, negative impacts on the
expectations of each stakeholder using available resources in a environment.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 47
Page 50
Bank Jatim is committed to supporting sustainable development, of ethics, the management has established a transparent and
which aims to guarantee the integrity of the environment, as fair reporting mechanism through the Whistleblowing System.
well as the safety, capacity, well-being, and quality of life for
both the current and future generations. This goal can only Regarding the Bank’s resilience, the Board of Commissioners
be achieved through development processes that prioritize emphasizes the effectiveness of risk management and internal
the harmony between economic, social, and environmental control systems. Through the Risk Monitoring Committee and
aspects. Harmony is crucial because development efforts solely the Audit Committee, the Board of Commissioners ensures
targeting economic growth can lead to social disparities and a that risk management and internal control systems operate
decline in the quality of the environment with all its implications. effectively.
The implementation of sustainable finance and sustainable Bank Jatim consistently applies the necessary information
development is realized by Bank Jatim by referring to disclosure for stakeholders. Regarding share ownership, the
various applicable regulations. One such regulation is the Bank has disclosed information such as shareholders with 5%
Sustainable Finance OJK Regulation, which mandates banks or more ownership, direct and indirect ownership of major
to develop a Sustainable Finance Action Plan (RKAB) since shareholders and/or large shareholders, and the ownership
the regulation came into effect on January 1, 2019. Following of shares by the Directors and Board of Commissioners,
this, based on the Technical Guidelines for Banks Related to both direct and indirect. The Bank also discloses information
the Implementation of OJK Regulation No.51/POJK/03/2017 through its annual report, which includes the company’s vision,
regarding the Implementation of Sustainable Finance for mission, objectives, financial and non-financial performance,
Financial Services Institutions, Issuers, and Public Companies dividend policies, detailed biographies of all Directors and
issued by the Financial Services Authority (OJK), Bank Jatim Board of Commissioners, attendance details of each Director
continues to extend credit to sectors that adhere to the and Board of Commissioners in all meetings held throughout
Sustainable Business Activity Criteria (KKUB), prioritizing efforts the year, remuneration amounts for each member of the
towards sustainable use of natural resources. Board of Directors and Board of Commissioners, related party
transactions, and details of the Public Accountant’s office along
In addition to having financing policies aligned with the with audit and non-audit fees.
Sustainable Business Activity Criteria (KKUB), Bank Jatim’s
contribution to environmental sustainability is also manifested In addition to the annual report, the Bank also provides
through environmentally friendly office operations, adhering to corporate information through quarterly reports, financial
the 3R principle (Reduce, Reuse, and Recycle). This principle statements available on the Bank’s website. The public can
is realized through effective management related to the use access all financial and non-financial reports submitted by Bank
of raw materials/paper, energy (oil and electricity), and water. Jatim transparently through various available channels, in a
timely, complete, and accurate manner.
Bank Jatim respects and upholds the differences among
individuals, whether in terms of gender, class, ethnicity, The Bank’s information disclosure is carried out through internal
religion, race, social status, political views, physical condition, and external communication. Bank Jatim maintains internal
and more. Diversity is considered a certainty and contributes to communication networks between the Bank’s management
making social life more colorful. In line with this principle, Bank and employees and ensures the effective implementation of
Jatim is committed to treating all employees equally in terms of communication within the organization. Considering this, Bank
work opportunities, performance evaluations, including career Jatim has developed several communication channels, including
advancement, competency development, remuneration, the Bank Jatim Magazine, the human resources intranet portal,
and more. Based on this commitment, the Bank provides and internal information media providing information to all
equal opportunities for employment and filling positions Bank Jatim employees about various company activities and
based on the capacity and competence of employees. Equal information needed in daily operations.
employment opportunities are also maintained by Bank Jatim
in the employee recruitment process. Bank Jatim uses various communication channels both
internally and externally to build the company’s image through
The Bank has provided contact details through its website or print media, electronic media, broadcast media, display media,
Annual Report, allowing stakeholders to use them to convey and others. To facilitate the public in obtaining the latest
complaints, suggestions, or possible violations of their rights. In information about the company, Bank Jatim has a corporate
enhancing the implementation of Good Corporate Governance website accessible through www.bankjatim.co.id, which
(GCG) at Bank Jatim, the management is committed to running also serves as a service portal. On the Bank Jatim website,
the company professionally based on behavior that aligns with detailed information about Bank Jatim, ranging from history,
the code of ethics. Therefore, if there are violations of the code
PT Bank Pembangunan Daerah Jawa Timur Tbk
48 2023 Annual Report
Page 51
REPORT OF DIRECTORS
AND BOARD OF COMMISSIONERS
organizational structure, vision and mission, management, Performance Assessment of
network, achievements, fund products, credit products, and Committees under The Board of
Bank Jatim services, both conventional and sharia, can be Directors
found. Additionally, the website also includes information on
CSR disbursements and the latest information/news about
Bank Jatim. Throughout the year 2023, the Board of Directors assessed that
the committees under its purview had fulfilled their duties and
To maintain the trust of shareholders and stakeholders, the Bank responsibilities effectively.
Jatim Investor Relations team directly engages with investors,
analysts, and shareholders to present the Bank’s performance. ASSET LIABILITY COMMITTEE (ALCO)
Bank Jatim is committed to always being transparent in ALCO is a decision-making committee for managing assets
providing reports, both periodic and incidental reports, to and liabilities in line with defined objectives. In order to reduce
regulators in accordance with regulations in a timely manner. and eliminate risks, especially Liquidity Risk, Interest Rate Risk,
and Exchange Rate Risk in banking, active cooperation and
Regarding the responsibilities of the Board of Commissioners, participation from various decision-makers on both the asset
the Board of Commissioners is the Bank’s governance body and liabilities sides are essential. Successful collaboration
responsible for general and/or specific oversight as stipulated relies on each decision-maker understanding their role and the
in the Articles of Association, providing advice to the Board impact of their decisions on overall business profitability. In the
of Directors, and ensuring that the Bank adheres to good course of 2023, ALCO held 15 (fifteen) meetings
corporate governance principles. The Board of Commissioners
is accountable to the General Meeting of Shareholders in RISK MANAGEMENT COMMITTEE
overseeing the Board of Directors’ policies on the Bank’s The Risk Management Committee is established to maintain
overall operations, which refer to the approved business risk exposure within acceptable and beneficial limits, ensuring
plan, and ensuring compliance with all applicable regulations. that the Bank’s business activities remain controlled and adhere
Throughout 2023, the Board of Commissioners has provided to the principle of prudence. Throughout the year 2023, the
recommendations and fulfilled its duties and responsibilities Risk Management Committee held 5 (five) meetings.
through forums such as Internal Board of Commissioners
Meetings and Board of Commissioners Meetings with the HUMAN RESOURCES MANAGEMENT COMMITTEE
Board of Directors. The Human Resources Management Committee is formed to
achieve optimal results in deciding critical matters related to
Regarding the composition of the Board of Commissioners, the Human Capital, both strategically, in terms of policies, and
Bank currently has 75% Independent Commissioners out of the in alignment with the Human Capital management system
total number of Commissioners in the bank. The composition following the Bank’s Business Plan. Throughout the year 2023,
of Independent Commissioners as of December 31, 2023, the Human Resources Management Committee held 20
amounts to 3 (three) out of 4 (four) positions in the Board of (twenty) meetings.
Commissioners.
INFORMATION TECHNOLOGY COMMITTEE
To enhance the role of the Board of Commissioners in performing The Information Technology Committee is part of the IT
supervisory functions, the Board of Commissioners is assisted governance structure, providing recommendations while
by three committees: the Audit Committee, Remuneration and considering efficiency factors to minimize risks associated with
Nomination Committee, and Risk Monitoring Committee. IT usage and to safeguard the interests of the Bank and its
customers. As a manifestation of the IT governance structure
Regarding the development of corporate governance to minimize risks associated with IT usage and protect the
implementation in 2023, the Bank carried out periodic GCG interests, the IT Steering Committee (ITSC) is formed as an
assessments according to the provisions of OJK Regulation embodiment of the commitment of the Board of Directors
13/SEOJK.03/2017 dated March 17, 2017, concerning the and Bank Jatim’s management in actively overseeing IT
Implementation of Governance for Commercial Banks. In management. As regulated in POJK MRTI, the ITSC plays
2023, the Bank conducted an assessment in the first semester, a role in assisting the Board of Directors in establishing the
resulting in a score of 2,14. The assessment results were Information Technology Strategic Plan and the Bank’s policies
followed up to improve the effectiveness of the implementation related to IT usage. During the year 2023, the IT Committee
of good corporate governance continuously. held 2 (two) meetings.”
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 49
Page 52
CREDIT OR FINANCING POLICY COMMITTEE PRODUCT AND NETWORK COMMITTEE
The Credit or Financing Policy Committee is a committee
formed by the Board of Directors in the context of managing Product Committee
credit policy which aims to support healthy credit provision and The Product Committee is a committee formed by the Board of
contains elements of internal control starting from the initial Directors to discuss, determine and evaluate business strategies
stage of the credit activity process up to the credit monitoring through product development, both digital and non-digital and
stage by paying attention to the precautionary principle. both conventional and sharia, including the development of
During 2023, the Credit or Financing Policy Committee has products that have not existed before and the development of
held 1 (one) meeting. follow-up products, including conducting product evaluations
(continued products, developed, discontinued, closed).
CREDIT COMMITTEE Throughout 2023, there were no product committee meetings
held and the process of updating internal provisions regarding
Conventional Credit Committee changes to the grand design Organizational Structure. Updating
The Credit Committee is an operational committee formed of the Product Committee SOP has been carried out and the
by the Board of Directors to evaluate and/or provide credit Product Committee SOP has been issued with a Decree from
decisions for the amount and type of credit determined by the the Directors of PT Bank Pembangunan Daerah Jawa Timur Tbk
Board of Directors by taking into account business development Number 062/03/80/DIR/PGP/KEP Date 29 December 2023.
without neglecting the principle of prudence including credit
restructuring and settlement. Network Committee
The Network Committee plays a role in preparing the
Financing Committee implementation of development, status changes and/or closure
Operational committee formed by the Board of Directors to of the network as well as determining branch and sub-branch
evaluate and/or provide financing decisions for the amount classes in network classification. The Network Committee
and type of financing determined by the Board of Directors by functions as a forum for managing policies and monitoring
taking into account business development without abandoning the effectiveness of the Bank’s network to ensure success in
the principle of prudence including restructuring and financing creating optimal profits. During 2023, the Network Sector
settlement. Committee held 3 (three) meetings.
• Credit Implementation Committee
During 2023, the Credit Implementation Committee held
24 (twenty-four) meetings. Changes in the Composition of
• Credit Restructuring Committee Members of The Board of Directors
During 2023, the Credit Restructuring Committee held 6
(six) meetings. During 2023, there were changes in the composition of
• Term Loan Facility (TLF) Committee members of the Board of Directors. Changes in the composition
During 2023, the Credit Settlement Committee held 1 of members of the Board of Directors were carried out based
(one) meeting. on the Bank’s needs. Changes in the composition of members
• Financing Implementation Committee of the Board of Directors are as follows:
During 2023, the Financing Implementation Committee
held 5 (five) meetings.
• Financing Restructuring Committee
During 2023, the Financing Restructuring Committee held
1 (one) meeting
• Committee Delete Financing
During 2023, the Committee Delete Financing held 2 (two)
meetings.
PT Bank Pembangunan Daerah Jawa Timur Tbk
50 2023 Annual Report
Page 53
REPORT OF DIRECTORS
AND BOARD OF COMMISSIONERS
Composition of The Board of Directors before the Annual GMS for Financial Year 2022
The composition of the Board of Directors of Bank Jatim before the 2022 Annual GMS is 6 (six) people consisting of 1 (one) President
Director and 5 (five) Directors as follows:
Busrul Iman : President Director
Tonny Prasetyo *) : Director of Operations
Edi Masrianto : Director of Finance, Treasury & Global Services
R. Arief Wicaksono : Director of Micro, Retail, and Medium
Zulhelfi Abidin **) : Director of IT & Digital
Eko Susetyono : Director of Risk Management
*) appointed as a temporary replacement for the Director of Compliance, so that the position of Director of Operations is temporarily released to fulfill aspects of independence.
**) appointed to concurrently serve as Director of Operations. This is in accordance with the Decree of the Board of Commissioners No.061/10/DKM/KEP dated December 13,
2022
Composition of The Board of Directors after the Annual GMS for Financial Year 2022
On April 12, 2023, the 2022 Annual GMS approved and appointed Tonny Prasetyo as Compliance Director and Arif Suhirman as
Operations Director. So, the composition of the Board of Directors of Bank Jatim after the 2022 Annual GMS is 7 (seven) people
consisting of 1 (one) President Director and 6 (six) Directors as follows:
Busrul Iman : President Director
Tonny Prasetyo *) : Director of Compliance
Edi Masrianto : Director of Finance, Treasury & Global Services
R. Arief Wicaksono : Director of Micro, Retail & Medium
Zulhelfi Abidin : Director of IT & Digital
Eko Susetyono : Director of Risk Management
Arif Suhirman **) : Director of Operations
*) Effectively passed the fit and proper test by the Financial Services Authority as stated in the Decision of Members of the Board of Commissioners of the Financial Services
Authority Number KEPR-38/D.03/2023 dated 26 May 2023.
**) Effectively pass the fit and proper test by the Financial Services Authority as per the Decree of the Members of the Board of Commissioners of the Financial Services
Authority Number KEPR-132/D.03/2023 dated 11 October 2023.
Closing
The Board of Directors would like to express their gratitude to the Board of Commissioners for being an important part of Bank
Jatim’s business activities in the 2023 Financial Year. The supervision and advice provided by the Board of Commissioners gave
direction for the policies taken by management. The Board of Directors also expressed its thanks to stakeholders and shareholders.
Bank Jatim continues to make improvements on all fronts as a commitment to increase its contribution to building the regional
economy, which will ultimately impact the national economy. Going forward, Bank Jatim will always carry out the implementation of
the strategies that have been determined, and is committed to being able to play an active role in the BPD transformation program
that has high resilience and competitiveness while continuing to act as an agent of development in the region through inclusive and
sustainable growth.
Surabaya, January 2024
On behalf of the Board of Directors
Busrul Iman
President Director
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 51
Page 54
Board of
Commissioners’
Report
PT Bank Pembangunan Daerah Jawa Timur Tbk
52 2023 Annual Report
Page 55
REPORT OF DIRECTORS
AND BOARD OF COMMISSIONERS
Dear Shareholders and Stakeholders,
Praise to the presence of Allah SWT, for the blessings of the mercy and grace, Bank
Jatim can record good performance in 2023.
The Board of Commissioners expresses its appreciation to the issued 15 (fiveteen) letters of approval which were the authority
Board of Directors for being able to maintain and provide good of the Board of Commissioners as regulated in the Articles
performance amidst conditions of incomplete post-pandemic of Association and applicable regulations. Some of these
economic recovery and global uncertainty due to geopolitical agreements are conveyed as follows.
dynamics. 1. Audit Plan for the Internal Audit Division for the 2023
Period;
On this occasion, the Board of Commissioners carries out the 2. Implementation of the Annual General Meeting of
company’s mandate to submit supervisory reports and provide Shareholders for the 2022 Financial Year of PT Bank
advice to the Board of Directors throughout 2023. In this Pembangunan Daerah Jawa Timur Tbk;
report, we present an assessment of the performance of the 3. Adjustment of the Bank Jatim Business Plan for 2023;
Board of Directors, views on business prospects prepared by 4. Submission of Key Performance Indicator (KPI) Data for
the Board of Directors, views on the implementation of Bank Bank Jatim Management in 2022;
governance, as well as composition and changes composition 5. Procurement of a Public Accounting Firm (KAP) in the
of members of the Board of Commissioners. In the following, context of Auditing Bank Jatim’s Financial Reports as part
we submit a report on the supervision and provision of advice of the Bank Business Group (KUB) Due Diligence Process
from the Board of Commissioners to the Bank’s management with Bank NTB Syariah;
for the 2023 financial year. 6. Revised Bank Jatim Bank Business Plan for 2023;
7. Replacement of the Vice President of Internal Audit;
8. Sharia Supervisory Board (PDPS) training for Sharia
Performance Assessment of Board of Supervisory Board Candidates
Directors 9. Sharia Supervisory Board (DPS) certification;
10. Changes in Credit or Financing Product and Activity Policies
Before conveying the Board of Commissioners’ views on the (KPA PAP);
performance achievements of the Board of Directors, the 11. Appointment of a Public Accountant and Public Accounting
Board of Commissioners will convey the frequency and method Firm to audit the Financial Report of PT Bank Pembangunan
of providing advice to the Board of Directors as well as the Daerah Jawa Timur Tbk for the 2023 Financial Year;
Board of Commissioners’ supervision of the formulation of 12. Process of Providing Credit to Related Parties;
alternatives and implementation of strategies. Providing advice 13. Bank Jatim Business Plan for 2024;
from the Board of Commissioners to the Board of Directors 14. Proposed Company Handbook (BPP) Policies & Procedures
is carried out formally and informally in various means, both for Capital Participation Activities; And
through online and offline meetings, as well as in writing. 15. Anti-Bribery Management System Policy (SMAP).
Formal advice is provided through Joint Meetings of the
Board of Commissioners together with the Board of Directors. The Board of Commissioners always carries out its duties,
Meanwhile, informal advice is provided through on-site visits obligations and responsibilities in order to supervise the
and sharing sessions. During 2023, the Board of Commissioners formulation of alternatives, determination and implementation
has held 20 (twenty) joint meetings with the Board of Directors. of the Bank’s strategy in accordance with applicable laws and
regulations and the Bank’s Articles of Association. Supervision
The Board of Commissioners provided recommendations of the formulation of the Bank’s strategy is carried out by
and carried out the duties and responsibilities of the Board supervising the preparation of the Bank’s Business Plan (RBB)
of Commissioners. During 2023, the Board of Commissioners and providing approval for the Corporate Plan and Business
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 53
Page 56
Plan. Meanwhile, supervision of strategy implementation is creates the top 10 (ten) global challenges that can be identified
carried out through monitoring and providing advice and in the form of, 1) energy and environmental security, 2) conflict
direction to the Board of Directors in carrying out the Bank’s and poverty, 3) competing in the new era of globalization,
business activities. 4) global imbalance, 5) the emergence of new powers, 6)
exclusion economy in the middle east, 7) global companies,
In providing an assessment of the performance of the Board of global impact, 8) global health crisis, 9) global governance
Directors, the Board of Commissioners considers several aspects impasse, and 10) global poverty.
as a basis for the assessment. These aspects include economic
conditions, operational performance achievements, and the Based on IMF projections in the World Economic Outlook
company’s health level. An assessment of the performance of Update January 2023 and previous editions, it projects that
the Board of Directors can be conveyed as follows. recovery Gross Domestic Product (GDP) growth will form a
V curve after the COVID-19 pandemic. World GDP growth
Economic Conditions reached 2.8% in 2019, -3.1% in 2020, increasing to 6.2% in
2021, decreasing to 3.5% in 2022, falling again to 3.0% in
Global economic conditions are identified by major shifts that 2023, and is projected to fall again to 2.9% in 2024. Meanwhile,
are shaking our world which can be felt now after the Covid-19 Indonesia’s V curve appears flatter, where in 2019 it grew 5.0%,
pandemic. These include, increasing income inequality, in 2020 it decreased to -2.1%, in 2021 it grew again 3, 7%,
technology driving changes in employment, increasing in 2022 it increased to 5.3%, in 2023 it decreased to 5%,
protectionism, increasing migration, and the increasing meanwhile in 2024 it is projected to reach 5%.
influence of social media and a post-truth world. In turn, it
The World Uncertainty Index before the Gaza war on October 7 2023 appears in the following diagram:
60,000
55,685
50,000
40,000
30,702
29,344
30,000
26,500
20,000
17,905
11,889
10,000
0
2010q1
2010q2
2010q3
2010q4
2011q1
2011q2
2011q3
2011q4
2012q1
2012q2
2012q3
2012q4
2013q1
2013q2
2013q3
2013q4
2014q1
2014q2
2014q3
2014q4
2015q1
2015q2
2015q3
2015q4
2016q1
2016q2
2016q3
2016q4
2017q1
2017q2
2017q3
2017q4
2018q1
2018q2
2018q3
2018q4
2019q1
2019q2
2019q3
2019q4
2020q1
2020q2
2020q3
2020q4
2021q1
2021q2
2021q3
2021q4
2022q1
2022q2
2022q3
2022q4
2022q1
2022q2
2022q3
Source: https://worlduncertaintyindex.com | World Uncertainty Index-221229
On the national economic side, Indonesia’s challenges from challenges from domestic factors include increasing subsidies
external factors include US monetary policy (taper tantrum) to (pertalite, diesel, Pertamax, biodiesel, LPG), direct cash
control inflation, the Ukraine-Russia war, in the form of rising oil assistance and other social assistance, increasing political
prices and agricultural/food commodities as well as increasing tensions, as well as social tensions, high youth unemployment,
logistics costs, Israel’s indiscriminate attacks on Gaza, US- recovery is slow, growth is still slow. around 5% until 2024, as
China conflict, and China’s economic slowdown. Meanwhile, well as weakening political and economic institutions.
PT Bank Pembangunan Daerah Jawa Timur Tbk
54 2023 Annual Report
Page 57
REPORT OF DIRECTORS
AND BOARD OF COMMISSIONERS
The ups and downs of the Indonesian economy compared to the world economy in terms of GDP growth shows that the average
of Indonesian economic growth is above world economic growth. When the world economy declines sharply or experiences a
recession, Indonesia’s economic growth only slows down slightly, but when the world economy recovers, the Indonesian economy
takes longer to recover. The economic crisis occurred in Indonesia was mostly caused by internal factors, as shown in the following
diagram:
12
10.9
9.9
8 8.2
7.0
5,7 6.2 6.0
4.9 5.0 5.3
4 5.0
5.0 3.7 5.1
2.2 4.6
3.1 3.1 3.0
2.5 2.8
0 1.4
0.6 0.4
-2.1
-1.3
-4 -2.2
-3.1
-8
-12
-13.1
-16
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023*
Indonesia World
* Q1-Q3.
Sources : World Bank; and BPS-Statistics Indonesia | GDP_GROWTH_INA_WORLD-1961-2023-230808
From the side of banking industry, digital transformation Performance Achievements
is the use of information technology that began in the mid-
21st century, in the form of information systems enabling easy
access to resource components such as servers, applications In the midst of these economic conditions, the Board of
and databases via internet networks, the internet of things Directors was able to face the challenges and opportunities
and artificial intelligence. All of them are employed to that occurred by recording good performance in 2023. From
encourage gradual functional improvements in business the operational side, Total distribution of Commercial and
processes throughout the organization’s value chain. Digital Corporate Credit in 2023 will amount to IDR7.06 trillion, an
transformation enables organizations to increase business increase of 6.80% compared to 2022 which amounted to
flexibility and resilience, lower costs, increase profitability, IDR6.61 trillion. Total Consumer Credit in 2023 will reach
reduce environmental impact, increase customer satisfaction, IDR30.26 trillion, an increase of 9.27% compared to 2022 which
and deliver greater economic and social value to stakeholders. was IDR27.69 trillion. From Micro, Retail and Program Credit, in
Thus, digital transformation refers to the application of 2023 credit will be distributed amounting to IDR14.25 trillion,
digital technology to transform services or businesses. This an increase of IDR7.98 trillion or 127.32% compared to 2022 of
is achieved by replacing manual (non-digital) processes with IDR6.27 trillion.
digital processes or replacing outdated digital technology with
more up-to-date digital technology.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 55
Page 58
In the Sharia segment, the realization of Sharia DPK in 2023 Outlook on Business Prospects as
was IDR 2.60 trillion, an increase of IDR 537 billion or 20.65% Prepared by The Board Of Directors
compared to 2022 of IDR 2.06 trillion. The number of Bank
Jatim UUS DPK customers in 2023 was 297,498 customers, an
increase of 32,828 customers or 12.40% compared to 2022. Global economic challenges are marked by concerns about
The amount of Sharia Financing in 2023 was IDR 2.18 trillion, the world economic slowdown, increasing debt burdens,
an increase of IDR 284 billion or 14.94% compared to 2022 of inflation threats, and geopolitical tensions. The International
IDR 1 .90 trillion. Good achievements can also be seen from Monetary Fund (IMF) identifies 7 factors weakening global
the financial side. In 2023, Bank Jatim’s net interest and sharia growth, including the war in Ukraine, inflation, recession, debt
income was recorded at IDR 140,126 million, an increase of difficulties, China, social instability, and fragmentation. The
16.04% from 2022 which amounted to IDR 120,756 million. World Economic Forum (WEF) identifies a turbulent global
context, including ongoing COVID-19 pandemic impacts, risks
Profit for the current year in 2023 reached IDR1,470,105 to economic recovery, economic divergence, social cohesion
million, a decrease of -4.71% compared to 2022 which reached erosion, geopolitical tensions, climate action failure risks, and
IDR1,542,824 million. The decrease in profit for the year has secure digitization.
no effect on the increase in total assets and total equity. In
2023, Bank Jatim’s total assets will amount to IDR103,854,773 World GDP growth projections for 2024 post-COVID-19
million, an increase of 0.80% from 2022 which amounted to recovery show a decline from 3.0% in 2023 to 2.9% in 2024
IDR103,031,367 million. Equity in 2023 will reach IDR12,151,069 globally, with the U.S. projected to decrease from 2.1% to
million, an increase of 6.16% compared to the previous year 1.5%, China from 5.0% to 4.2%, while Indonesia is projected to
which reached IDR11,445,861 million. remain relatively flat at 5.0% in both 2023 and 2024. The release
from https://worlduncertaintyindex.com indicates that the
The Bank Health Level World Uncertainty Index was 26.50 in Q4 2022. Subsequently,
before the Gaza conflict on October 7, 2023, it experienced
In addition to operational and financial performance, the Bank’s a decrease, reaching 17.90 in Q3 2023. On the other hand,
Health Level is a consideration for the Board of Commissioners domestic economic challenges in Indonesia include increasing
in evaluating the performance of the Directors. The bank subsidies (pertalite, solar, pertamax, biodiesel, LPG), direct
conducts a self-assessment of the Bank Health Level using cash assistance, and other social aid. Political tensions are on
a Risk-based approach, guided by the Financial Services the rise, as are social tensions. High youth unemployment,
Authority Regulation No. 4/POJK.03/2016 regarding the slow economic recovery, and a growth rate expected to remain
Assessment of General Bank Health Level. The assessment around 5% until 2024 are additional challenges. Additionally,
covers risk and bank performance, which can be seen from the political and economic institutions are weakening.
final rating assessment (composite rating). The Bank Health
Level assessment employs a risk-based bank rating approach, The development direction of banking digitization is expected
considering 4 risk factors: Risk Profile, Good Corporate to accelerate with the issuance of Financial Services Authority
Governance (GCG), Earnings, and Capital. Regulation (POJK) No. 12/POJK.3/2021 on Commercial Banks
accommodating Digital Banks. Globally, the dynamics of the
The individual self-assessment results for Bank Health Level in digital financial and banking industry respond to the emergence
East Java as of December 31, 2023, position it at a composite of Digital Bank.
rating of 2 (Healthy), reflecting the overall health of the bank,
capable of facing significant negative influences from changes Considering the economic conditions, the Board of
in business conditions and other external factors. Weaknesses, Commissioners is confident that the business prospects
if any, are generally considered less significant. prepared by the Board are appropriate. They believe Bank Jatim
will capitalize on opportunities, such as changes in consumer
behavior due to technological disruption, supported by the
active use of the internet and e-commerce by the millennial
and Generation Z populations in East Java. Collaboration
with various parties, including the government, financial/non-
financial industries, and the large market potential of Bank
Jatim, such as Civil Servants (PNS) and growing SMEs, are seen
as opportunities.
PT Bank Pembangunan Daerah Jawa Timur Tbk
56 2023 Annual Report
Page 59
REPORT OF DIRECTORS
AND BOARD OF COMMISSIONERS
View on Bank Governance Application The risk management framework at Bank Jatim involves the
Board of Commissioners overseeing risk through the Audit
Committee and Risk Monitoring Committee, the Board
The implementation of good governance principles plays a overseeing risk policies through related committees, and
crucial role in gaining the trust of investors and stakeholders, operational levels having the Risk Management Work Unit
reducing capital costs, strengthening the capital market and (SKMR) working with business units and the Compliance
financial services sector, expanding employment opportunities, Work Unit (SKK) performing risk identification, measurement,
and promoting economic growth in line with sustainable mitigation, and control functions. The duties, responsibilities,
development principles. By implementing good governance, and authority of the Board of Commissioners related to active
it is expected that Bank Jatim can enhance its competitiveness supervision in risk management activities include, among
in the banking industry and contribute positively to the others, evaluating and approving risk management policies,
preservation of the environment and social welfare. assessing the accountability of the Board of Directors in
implementing risk management policies, and evaluating as
Good Governance implementation can be driven by ethics and well as deciding on Director requests related to transactions
regulations. Ethical-driven initiatives stem from the awareness requiring the approval of the Board of Commissioners.
of Bank Jatim’s individuals, both executives and employees, to
prioritize the Bank’s long-term survival, stakeholder interests, The Board of Commissioners assesses that Bank Jatim
and avoid short-term profit-seeking practices. Regulatory- has actively engaged in the identification, measurement,
driven initiatives mandate compliance with governance monitoring, and control (self-assessment) processes, with the
practices required by prevailing laws and regulations. Both following elaboration:
approaches complement each other in creating a healthier 1. The Bank Health Level uses a Risk-Based Bank Rating
business environment. (RBBR) approach that includes an assessment of risk profile,
governance, profitability, and capital. Throughout 2023,
The Board of Commissioners actively oversees the Bank’s the Bank has timely reported its Health Level during the
management to ensure compliance with prevailing laws and first and second semesters of 2023 to the regulator.
regulations, providing necessary advice/opinions on strategic 2. Risk Profile that involves the management of 8 types of
actions to achieve the Bank’s objectives. The Board believes risks - credit risk, market risk, liquidity risk, operational risk,
that GCG implementation in the company has been effective. legal risk, reputational risk, strategic risk, and compliance
This can be observed in the following GCG components. risk. In 2023, Bank Jatim reported the results of the self-
assessment of risk profiles for the first, second, third, and
Risk Management fourth quarters of 2023 to the regulator on time.
3. Consolidated Risk Profile of Sharia Business Unit that
In risk management implementation, Bank Jatim consistently encompasses the management of 10 types of risks. During
complies with applicable regulations and laws. The Bank’s risk 2023, Bank Jatim reported the consolidated risk profile
management is governed by a Product and Activity Policy for the Sharia Business Unit for the first, second, third, and
(KPA) and Risk Management Standard Operating Procedures fourth quarters of 2023 to the regulator on time.
(SOP), following the Financial Services Authority Regulation
(POJK) and Basel provisions, and banking best practices. The Risk Management Implementation is carried out within the
Bank reviews these policies regularly to anticipate changes in framework of Enterprise Risk Management (ERM), providing
business conditions, regulations, and internal bank conditions. the basis for proactive and forward-looking risk management
Bank Jatim has also developed a Recovery Plan and Recovery processes. ERM aims to achieve healthy and sustainable
Options to prevent, recover, and improve the financial condition business growth while comprehensively managing capital.
and business continuity of the Bank in case of financial stress, ERM integrates risk through aligning risk appetite with
as regulated in OJK Regulation No.14/POJK.03/2017 on action business strategy. The main goal of implementing Enterprise
plans for systemic banks. Risk Management (ERM) is to enable the Bank to achieve its
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 57
Page 60
business targets and plans while adhering to the principles of Internal Control System
caution, maintaining good financial performance, and ensuring
compliance with applicable regulations. This is realized through
the establishment of a strong risk culture that serves as the The Internal Control System (SPI) is a supervisory mechanism
foundation for control mechanisms within the ERM framework. continuously established by Bank Jatim’s management. An
Additionally, the bank prepares risk mitigation measures to effective SPI is a crucial component in management and serves
align risk exposure with the predetermined risk appetite. as the foundation for the Bank’s healthy and secure operational
activities. The effective implementation of an internal control
The Enterprise Risk Management (ERM) framework refers to system can help the Bank’s management safeguard its assets,
and aligns with the risk management scope established by the enhance the Bank’s compliance with applicable laws and
Financial Services Authority (Otoritas Jasa Keuangan), which regulations, and reduce losses, deviations, and violations of
includes, among others: prudential aspects.
1. Active supervision by the Board of Commissioners and
Directors; The establishment of a reliable and effective internal control
2. Adequacy of policies, procedures, and limit determinations; system in the Bank is the responsibility of all risk-taking units,
3. Adequacy of the risk identification, measurement, supporting units, and the Internal Audit Unit. The internal
monitoring, and control processes, as well as the risk control system for risk refers to the overall internal control
management information system; and system covering:
4. Comprehensive internal control system 1. The Bank implements the internal control system effectively
in the application of Risk Management, referring to
According to the Financial Services Authority regulations, there established policies and procedures. The implementation
are 8 (eight) types of risks, which include Credit Risk, Market of the principle of segregation of duties (four eyes principle)
Risk, Liquidity Risk, Operational Risk, Legal Risk, Strategic has been adequate and consistently executed.
Risk, Compliance Risk, and Reputation Risk. According to the 2. A comprehensive internal control system in the application
regulation of OJK No. 18/POJK.03/2016 on the Implementation of risk management.
of Risk Management for Commercial Banks, Article 23 stipulates 3. Implementation of a review of the application of risk
the obligation for the Bank to submit its Risk Profile Report to management.
the OJK every three months (quarterly) to various management 4. The results of the reassessment by the Risk Management
levels, including the Board of Commissioners and the Financial Unit are presented to the Board of Commissioners, Internal
Services Authority. Audit Unit, Risk Management Director, Audit Committee,
and other relevant Directors as input for the improvement
Furthermore, the Bank discusses the findings of audits as a of the risk management framework.
basis for risk evaluation and minimizing occurring risks. The 5. Corrections to the findings of internal and external audits
self-assessment of the Bank’s risk profile as of December 2023 monitored by the Internal Audit Unit. Audit findings that
is rated as 2 (PK-2) with a low to moderate inherent risk rating have not been addressed are communicated by the Internal
and a Quality of Risk Management Implementation (KPMR) Audit Unit to the Board of Directors for necessary actions.
rating of Satisfactory. The Board of Commissioners, through the 6. Responsiveness to weaknesses and/or deviations occurring
Risk Monitoring Committee, evaluates that the adequacy of risk by applicable internal and external regulations.
management is effective and sufficient, reflected in:
1. Adequacy of risk management policies and procedures, The implementation of a reliable and effective internal control
as well as effective risk limit determinations, including the system was the responsibility of all parties involved in the Bank
establishment of methods for measuring and managing risk organization, including the following:
information systems, determining and setting risk limits, 1. The Board of Directors was responsible for creating
risk rating assessments, contingency planning in worst- and maintaining an effective internal control system
case scenarios, and the establishment of internal control and ensuring that the system ran safely and reliably in
systems in risk management implementation. accordance with the internal control objectives set by the
2. Adequacy of risk identification, measurement, monitoring, Bank. Meanwhile, the Director in charge of compliance and
and control processes, and an adequate Risk Management risk management functions had to play an active role in
Information System. preventing irregularities by establishing policies related to
the principle of prudence and disseminating information to
all employees.
PT Bank Pembangunan Daerah Jawa Timur Tbk
58 2023 Annual Report
Page 61
REPORT OF DIRECTORS
AND BOARD OF COMMISSIONERS
2. The Board of Commissioners of the Bank was responsible Whistleblowing System
for supervising the implementation of internal control in
general, including the Board of Directors’ policies that
stipulate such internal control. The success of implementing a comprehensive anti-fraud
3. The Internal Audit Work Unit evaluated and played an active strategy was highly dependent on the commitment and
role continuously for improving the effectiveness of the enthusiasm of the Board of Commissioners and Directors to
Internal Control System in relation to the implementation foster an anti-fraud culture and awareness at all levels of the
of Bank operations which had the potential to cause losses Bank’s organization. One of them was by making a written
in achieving targets set by bank management. In addition, commitment called an Anti-Fraud Declaration signed by the
Banks needed to pay attention to the implementation of Board of Commissioners, Directors and all employees at the
independent internal audits through adequate reporting Bank’s organizational level. Regarding the implementation of
channels, and the expertise of internal auditors, especially the Whistleblowing System (WBS), the Board of Commissioners
regarding the practice and application of risk assessments. had a role in reviewing the results of special audit reports from
4. Every bank officer and employee had to understand and the WBS report.
implement the internal control system established by
bank management. Effective internal control increased the Actions for prevention and detection as well as identification
responsibilities of bank officers and employees, promote of potential risk vulnerabilities constituted an early warning
an adequate risk culture and compliance culture, and system (EWS) for the operational processes. Identification of
accelerate the identification process of unhealthy banking findings that indicated fraud was implied in whistleblowing
practices and to the organization through an efficient early policies and mechanisms. Through this mechanism, it was
detection system. expected that a violation could be detected early and there
5. Bank external parties included the Financial Services would be an increase of the level of participation of employees,
Authority, Bank Indonesia, external auditors and bank customers and other stakeholders in reporting a violation. Also,
customers who had an interest in the implementation of they could use it as an early warning for the possibel violation.
reliable and effective bank SPI. As a form of Bank Jatim’s commitment to implementing anti-
fraud strategies and violation complaint mechanisms and
The Board of Directors periodically reviewed Branch operational ensuring protection for whistleblowers who have good faith,
performance reports (Branch Leaders), in this case evaluating the Bank is obliged to:
performance results and examining audit results such as 1. Banks are obliged to protect whistleblowers.
problems with weaknesses in the Internal Control System, 2. The protection provided by banks to whistleblowers is
errors in Financial Reporting or other irregularities (fraud). The intended to encourage the courage of whistleblowers to
Board of Commissioners and Directors provided direction on report fraud complaints clearly, in detail and transparently.
the results of the audit report on the adequacy of the internal 3. Whistleblower protection includes protection of the
control system that was carried out by the Internal Audit Work whistleblower’s identity and the contents of the report.
Unit by holding regular coordination meetings related to 4. The bank is committed to protecting whistleblowers who
issues that were obstacles in the Bank’s operations and the have good intentions and the bank will comply with all
achievement of the bank’s performance including discussions relevant laws and regulations as well as applicable best
regarding the results of the Internal Audit findings in a certain practices in providing protection to whistleblowers.
period. The Board of Commissioners assessed that the internal 5. All fraud complaint reports will be guaranteed confidentiality
control system was effective and adequate. and security by the Bank and whistleblowers can obtain
information regarding the progress of their complaints.
6. The bank provides protection to internal bank employee
whistleblowers from dismissal, demotion, discrimination,
intimidation and other protections in accordance with
applicable laws.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 59
Page 62
Bank Jatim continues to strive to increase the understanding organ that carries out company management (management
and awareness of employees and other parties to report organ), each of which Each has clear authority and responsibility.
violations through whistleblower facilities expecting that they To optimize the implementation of its duties and obligations,
will be able to create a clean work environment with integrity. the Board of Commissioners is assisted by supporting organs
In this regard, the following steps have been taken: in the form of three committees, namely the Audit Committee,
1. Carrying out an Anti Fraud Strategy (SAF) program, Risk Monitoring Committee, and Remuneration and Nomination
including surprise audits (Operational and Credit). Committee.
2. Conducting socialization regarding the implementation of
anti-fraud strategies and whistleblowing systems during In accordance with the principles of sustainable finance, Bank
exit meetings regarding audit results and employees, Jatim gives equal attention to economic, environmental and
including new employees. social aspects or topics in running its business. Discussion of
3. Providing material related to the implementation of these topics is conveyed through the Bank Business Plan (RBB)
anti-fraud strategies and whistleblowing systems in the and Sustainable Financial Action Plan (RAKB), both of which
employee promotion program education schedule. contain short-term and long-term plans and strategies for Bank
4. Developing the SAF system. Jatim. To get the best plan and strategy, Bank Jatim, which is
in the OJK Regional Office IV Surabaya area, needs to consult
The Board of Commissioners viewed that the management of to get direction and approval from the OJK as the regulator.
the Whistleblowing System at Bank Jatim had been running
well. In 2023, there were 777 reports through whistleblower
facilities. Of the 777 reports, 776 of them had not been resolved Performance Assessment of Committees
further, because the reports were not included in fraud/meet Under the Board of Commissioners
the elements of fraud, in the category of customer service
complaints and related to bank operational questions. There In supervising the company, the Board of Commissioners
was 1 (one) report through the whistleblower facility which had is assisted by 3 (three) Committees under the Board of
been followed up and had the status “Completed”. Commissioners. The three committees are the Audit
Committee, Remuneration and Nomination Committee, and
Sustainability Governance Risk Monitoring Committee. Since 2021, Bank Jatim has refined
and published the Committee Charter under the Board of
What is no less important, the implementation of GCG in Commissioners as follows:
accordance with applicable provisions and legislation, as
well as referring to best practice standards from leading 1. Audit Committee Charter through Board of Commissioners
corporations, will enable Bank Jatim to respond to challenges Decree No. 061/04/DKM/KEP dated 28 June 2022;
and demands from stakeholders and shareholders. Armed with 2. Risk Monitoring Committee Charter through Board of
all this, the Bank is optimistic that it will be able to record the Commissioners Decree No. 061/05/DKM/KEP dated 28
best performance on an ongoing basis. June 2022.
As part of the Financial Services Institution in Indonesia, In general, for all the work programs of the three Committees
Bank Jatim implements GCG by referring to the governance under the Board of Commissioners as stated in the Annual
guidelines issued by Bank Indonesia and the Financial Services Work Plan of the three Committees for 2023, the Board of
Authority (OJK), both in the form of Financial Services Authority Commissioners assesses that they have carried out their
Regulations and Financial Services Authority Circular Letters. respective functions and have been well realized. Apart
In addition, the Bank also adopted the ASEAN Corporate from that, all studies, opinions and recommendations from
Governance Scorecard published by the ASEAN Capital each Committee have also been accepted by the Board
Markets Forum. of Commissioners and are taken into consideration in the
decision-making process on proposals submitted by the Board
Bank Jatim’s governance structure refers to Law no. 40 of of Directors. Likewise, in terms of communication and working
2007 concerning Limited Liability Companies, which states relations, the three Committees during 2023 have been well
that the Company’s organs consist of the General Meeting of established and intense and complement each other to discuss
Shareholders (GMS), Directors and Board of Commissioners. issues at Bank Jatim and monitor the progress of follow-up
In line with this, the Bank’s management system adopts a settlements carried out by the Board of Directors.
2 (two) body model (two tier system), namely the Board of
Commissioners as a company organ that carries out supervision
(supervisory organ) and the Board of Directors as a company
PT Bank Pembangunan Daerah Jawa Timur Tbk
60 2023 Annual Report
Page 63
REPORT OF DIRECTORS
AND BOARD OF COMMISSIONERS
Audit Committee 3. Assist the Board of Commissioners in conducting
performance assessments in accordance with the
remuneration received by each member of the Board of
The Audit Committee is directly responsible to the Board of Directors and/or members of the Board of Commissioners;
Commissioners, whose main function is to assist the Board of 4. Review, provide opinions and recommendations regarding
Commissioners in carrying out its supervisory responsibilities proposals for providing variable remuneration for
over the financial reporting process, internal audit process, Management from the Board of Directors to the Board
internal control system, implementation of risk management, of Commissioners as well as provide recommendations
and compliance system with internal regulations and laws regarding salary/remuneration systems, provision of
and regulations. which is enforced. The activities of the Audit allowances and facilities for employees;
Committee during 2023 are as follows: 5. Assist the Board of Commissioners in assessing the
1. Holding 8 (eight) Audit Committee meetings; performance of members of the Board of Directors and/
2. Carrying out 5 (five) working visits in the context of active or members of the Board of Commissioners based on
supervision to the Bojonegoro, Lamongan, Blitar, Kepanjen benchmarks that have been prepared as evaluation
and Sumenep branch office networks which have a material;
moderate to lower composite level credit and operational 6. Provide recommendations to the Board of Commissioners
risk profile; regarding the policies and criteria required in the
3. Carrying out 24 (twenty four) work visits in the context of nomination process; And
active supervision to work units at the head office that have 7. All Committee members have participated in at least one
a moderate to low risk profile and a significant contribution competency development activity related to banking/
to the achievement of the Bank’s Business Plan for 2023; auditing.
4. Carrying out 96 (ninety six) internal discussions with
related work units, as well as joint discussions with the Risk Risk Monitoring Committee
Monitoring Committee;
5. Review financial reports and information, both in-house/ The Risk Monitoring Committee was formed by the Board of
unaudited and audited, that will be published; Commissioners in order to assist the Board of Commissioners
6. Prepared 3 (three) quarterly reports on Committee activities in carrying out their duties and responsibilities in supervising
and submitted them to the Board of Commissioners; and providing advice to the Board of Directors. With the
7. Prepare a report on the results of the evaluation of the aim of obtaining adequate confidence, that the second line
implementation of the provision of audit services on Bank in the three lines of defense has carried out its functions in
Jatim’s annual historical financial information for the 2022 implementing risk management, internal control systems and
financial year by KAP PKF (Paul Hadiwinata, Hidayat, compliance systems in integrated governance practices and
Arsono, Retno, Pailingan & Partners); implemented effectively and efficiently.
8. Prepare the Audit Committee’s Annual Work Plan and
performance indicators (KPI) for 2024; And Apart from that, it also ensures that the implementation of
9. All Committee members have participated in at least one bank risk management continues to meet the elements of
competency development activity related to banking/ adequate risk management procedures and methodologies,
auditing. so that bank business activities at all levels of the organization
remain controlled within acceptable limits and can minimize
Remuneration and Nomination Committee potential losses and benefit the bank. The activities of the Risk
Monitoring Committee during 2023 are as follows:
The Remuneration and Nomination Committee is directly 1. Holding 8 (eight) Risk Monitoring Committee meetings;
responsible to the Board of Commissioners, whose main 2. Carrying out 6 (six) working visits in the context of active
function is to assist the Board of Commissioners in carrying out supervision to the Ponorogo, Bojonegoro, Lamongan,
responsibilities related to nominating candidates for members Blitar and Kepanjen and Sumenep Branch Office networks
of the Board of Commissioners and members of the Board of which have a credit, operational and legal risk profile with a
Directors, as well as determining remuneration policies for the moderate to lower composite level;
Board of Commissioners and Directors. The activities of the 3. Carrying out 18 (eighteen) work visits in the context of
Remuneration and Nomination Committee during 2023 are as active supervision to work units at the head office that have
follows: a moderate to low risk profile and a significant contribution
1. Hold 6 (six) Remuneration and Nomination Committee to the achievement of the Bank’s Business Plan for 2023;
meetings;
2. Review the remuneration policy for members of the Board of
Directors and/or members of the Board of Commissioners;
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 61
Page 64
4. Carrying out 96 (Ninety six) internal discussions with related Composition of The Board of
work units, as well as joint discussions with the Audit Commissioners before the Annual GMS for
Committee; Financial Year 2022
5. Reviewed 3 (three) drafts of the creation and/or updating
of the Company’s Guidebook (BPP) proposed by the
Board of Directors which mandatory required written The composition of the Board of Commissioners prior to the
approval from the Board of Commissioners and prepared 2022 Annual GMS was 5 (five) people consisting of 1 (one)
recommendations, including: President Commissioner, 3 (three) Independent Commissioners
a. BPP Product and Activity Policy (KPA) Credit or and 1 (one) Commissioner as follows:
Financing;
b. BPP Product and Activity Policies (KPA) and Standard Suprajarto : President Commissioner
Operating Procedures (SOP) for Capital Involvement; And Candra Fajri Ananda : Independent Comissioner
c. Company management Integrity Pact regarding Anti- Muhammad Mas’ud : Independent Comissioner
Bribery Management System (SMAP); Heru Tjahjono : Commissioner
6. Review quarterly reports on Compliance Directorate Sumaryono : Independent Commissioner
activities and quarterly risk profiles to be reported to the
Board of Commissioners; Composition of The Board of
7. Prepare a work program complete with a time line, Commissioners after the Annual GMS
including preparing the Risk Monitoring Committee’s key for Financial Year 2022
performance indicators (KPI) for the 2024 period;
8. All Committee members have participated in at least one On April 12, 2023, the 2022 Annual GMS agreed to dismiss
competency development activity related to banking, Heru Tjahjono as Commissioner and appointed Muhammad
governance or risk management. Mas’ud as Independent Commissioner and Adhy Karyono
as Commissioner. So, the composition of the Board of
Commissioners after the 2022 Annual GMS was 5 (five)
Changes in the Composition of The people consisting of 1 (one) President Commissioner, 3 (three)
Board of Commissioners Independent Commissioners and 1 (one) Commissioner as
follows:
During 2023, there was a change in the composition of the Suprajarto* : President Commissioner
members of the Board of Commissioners. Changes in the Adhy Karyono** : Commissioner
composition of the members of the Board of Commissioners Candra Fajri Ananda : Independent Commissioner
were made based on the needs of the Bank. Changes in the Muhammad Mas’ud : Independent Commissioner
composition of the members of the Board of Commissioners Sumaryono : Independent Commissioner
were as follows: * Resigned from office on December 19, 2023 (died)
** effectively passed the fit and proper test by the Financial Services Authority
based on Decision of Members of the Board of Commissioners of the Financial
Services Authority Number KEPR-151/D.03/2023 dated November 24, 2023.
PT Bank Pembangunan Daerah Jawa Timur Tbk
62 2023 Annual Report
Page 65
REPORT OF DIRECTORS
AND BOARD OF COMMISSIONERS
Closing
On this occasion, the Board of Commissioners would like to thank and express appreciation to the Directors, management and all
employees. The Board of Commissioners addressed its highest appreciation for the performance that had been achieved in the 2022
Fiscal Year. The Board of Commissioners was also grateful for the trust given by shareholders to be an important part of Bank Jatim’s
business journey. To other stakeholders, the Board of Commissioners would like to thank them for the cooperation that had been
going on so far. Going forward, the Board of Commissioners really expects that all levels of the Bank can continue to formulate the
right strategy and be able to lead the Bank towards better growth.
Surabaya, January 2024
On behalf of the Board of Commissioners
Adhy Karyono Candra Fajri Ananda
Commissioner Independent Commissioner
Muhammad Mas’ud Sumaryono
Independent Commissioner Independent Commissioner
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 63
Page 66
Responsibility of
2023 Annual Report
We, the undersigned, state that all information in the 2023 Annual Report of
PT Bank Pembangunan Daerah Jawa Timur Tbk. has been published in complete version,
and we are fully responsible for the accuracy of the contents of this report.
This statement was made with actual facts.
Surabaya, January 16, 2024
Board of Directors
Busrul Iman
President Director
Tonny Prasetyo Edi Masrianto R. Arief Wicaksono
Director of Compliance Director of Finance, Treasury Director of Micro, Retail & Medium
& Global Services
Zulhelfi Abidin Eko Susetyono Arif Suhirman
Director of IT & Digital Director of Risk Management Director of Operations
PT Bank Pembangunan Daerah Jawa Timur Tbk
64 2023 Annual Report
Page 67
Board of Commissioners
Adhy Karyono Candra Fajri Ananda
Commissioner Independent Commissioner
Muhammad Mas’ud Sumaryono
Independent Commissioner Independent Commissioner
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 65
Page 68
COMPANY
Profile
PT Bank Pembangunan Daerah Jawa Timur Tbk
66 2023 Annual Report
Page 69
COMPANY
PROFILE
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 67
Page 70
Corporate
Identity
Business Fields Nick Name
Finance Bank Jatim
Date of Establishment Legal Basis of Establishment
August 17, 1961 Notarial Deed Anwar Mahajudin
No. 91 dated August 17,
1961 and strengthened by
Company Name Stock Code the Decree of the Minister of
PT Bank Pembangunan FOwnershipinance Number
BJTM
Daerah Jawa Timur Tbk. BUM.9-4-5 dated August 15,
1961.
Authorized Capital
Contact Address Rp9.000.000.000.000
Call Center : 14044
Listing on The Indonesia
SMS Stock Exchange
Banking : 3366 Issued and Fully Deposited July 12, 2012
Telp : (031) 5310090-5310099 Capital
Faks. : (031) 5310838
A total of 15,015,498,082
Email : info@bankjatim.co.id
shares with a par value of Call Center
SWeb : www.bankjatim.co.id,
IDR3,753,874,520,500
www.bankjatim.id 14044
Office Network Data SMS Banking
Company’s Address
3366
Head Office
1 Head Office Jalan Basuki Rachmad
Situs Web 98 – 104, Surabaya 60271
48 Branch Office www.bankjatim.co.id
www.bankjatim.id Corporate Secretary
Wioga Adhiarma Aji
173 Sub-branch Office Corporate Secretary
Number of Employees Kantor Pusat Bank Jatim
As of December 2023 as many as Jl. Basuki Rachmat
216 Functional Offices 4,544 people (including Outsourced
Personnel) no. 98-104 Surabaya
Email: corsec@bankjatim.co.id
199 Payment Point
Investor Relation
Ownership
Derry Widya Ariyanta
854 ATM East Java Provincial Corporate Secretary
Government (51,13%) Kantor Pusat Bank Jatim
94 CRM 38 District/City Government Jl. Basuki Rachmat
(28,35%) no. 98-104 Surabaya
Society (20,52%) Email: iru@bankjatim.co.id
39 Car Cash ATM
196 Sharia Service Office
@bankjatim bankjatim @bank_jatim bank jatim
PT Bank Pembangunan Daerah Jawa Timur Tbk
68 2023 Annual Report
Page 71
COMPANY
PROFILE
Name and Address of Branch Office
and Sharia Branch Offices
BRANCH OFFICE
NAME ADDRESS PHONE FAX EMAIL AND WEB
Surabaya a Main Jl. Basuki Rakhmad 98-104, (031) 5310090-99 (031) 5470159 Bankjatim.cabut@gmail.com
Branch Surabaya www.bankjatim.co.id
Banyuwangi Branch Jl. Basuki Rahmat no. 156 (0333) 421755/ 426755 (0333) 421555 umumsdmbanyuwangi@gmail.com
Banyuwangi www.bankjatim.co.id
Jember Branch Jl. A. Yani no. 3A RT 01 RW (0331) 484605-07 (0331) 428376/ 481502 akuntansi.bpdjember@gmail.com
03 Patrang Jember 68137 www.bankjatim.co.id
Malang Branch Jl. Jaksa Agung Suprapto (0341) 321961 (0341) 325085/ 365212 bankjatim_malang@yahoo.com
26-28 Malang www.bankjatim.co.id
Madiun Branch Jl. Jawa No. 43 Madiun (0351) 464432/ (0351) 463665/ 491499 bankjatim_madiun@yahoo.com
459202/476328/ 476315 www.bankjatim.co.id
Kediri Branch Jl. P. Kusuma Bangsa No. (0354) 680270 (0354) 682924 bankjatimkediri@gmail.com
122 Kediri umum.bjkediri@gmail.com
www.bankjatim.co.id
Pamekasan Branch Jl. Panglima Sudirman No. 5 (0324) 322451/ 322923 (0324) 322932 bankjatim.pamekasan@gmail.com
Pamekasan www.bankjatim.co.id
Bojonegoro Branch Jl. Mastrip 70 Bojonegoro (0353) 882137/ 889753 (0353) 881028/ 891772 bankjatim_bojonegoro2004@yahoo.
com
www.bankjatim.co.id
Lumajang Branch Jl. Alun-alun Barat 4 (0334) 881683/ 882111 (0334) 882830 bankjatimlmj@gmail.com
Lumajang www.bankjatim.co.id
Ngawi Branch Jl. Yos Sudarso 32 (0321) 862217 (0321) 861952 bankjatim.ngawi@gmail.com
Kel. Margomulyo umum.bankjatimngawi@gmail.com
Kec. Ngawi Kab. Ngawi www.bankjatim.co.id
Jombang Branch Jl. K.H. Wakhid Hasyim 36, (0321) 862217 (0321) 861952 bankjatim.jombang@gmail.com
Kec. Jombang, www.bankjatim.co.id
Kab. Jombang
Kraksaan Branch Jl. Raya PB. Sudirman 144, (0335) 841382/ 843184 (0335) 841124/ 842451 bankjatim_kraksaan@yahoo.com
Kraksaan www.bankjatim.co.id
Probolinggo Branch Jl. Soekarno-Hatta 311 (0335) 422552/ 421879 (0335) 422314 bjprob@gmail.com
Kel. Tisnonegaran Kec. www.bankjatim.co.id
Kanigaran Kota Probolinggo
Blitar Branch Jl. HOS Cokroaminoto 36- (0342) 801462/ (0342) 802262/ 801353 bankjatimblitar@gmail.com
38, Blitar 806089/807333 www.bankjatim.co.id
Tulungagung Branch Jl. I Gusti Ngurah Rai 1, (0355) 321105/ (0355) 321104/ 320407 bankjatim.tulungagung@gmail.com
Tulungagung 321106/327581 www.bankjatim.co.id
Tuban Branch Jl. Basuki Rakhmad 13 Tuban (0356) 322725 (0356) 321169 bankjatimtuban017@gmail.com
www.bankjatim.co.id
Mojokerto Branch Jl. A. Yani No. 20, Mojokerto (0321) 321261/ 323002 (0321) 396112/ 395950/ umum.mojokerto@gmail.com
395501 www.bankjatim.co.id
Sumenep Branch Jl. Trunojoyo 49 Sumenep (0328) 662557/ 662487 (0328) 665780 bjsumenep018@gmail.com
www.bankjatim.co.id
Sampang Branch Jl. K.H. Wakhid Hasyim 111, (0323) 321226/ (0323) 321493/ 325006 bankjatim_sampang@yahoo.com
Sampang 323400/325004 bjtmsampang@gmail.com
www.bankjatim.co.id
Bangkalan Branch Jl. K.H. Moh. Kholil 38 (031) 3095502/ (031) 3095722 bankjatim_bangkalan@yahoo.com
Demangan Bangkalan 3093416/3099085 www.bankjatim.co.id
Pasuruan Branch Jl. Pahlawan No. 18 (0343)421061/ (0343) 426085/ 432797 bankjatim_pasuruan@yahoo.com
Pasuruan 411609/426086/ 431957 www.bankjatim.co.id
Nganjuk Branch Jl. Gatot Subroto 8 Nganjuk (0358) 325100/ (0358) 324420 bankjatim_nganjuk@yahoo.com
325101/323910 www.bankjatim.co.id
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 69
Page 72
BRANCH OFFICE
Trenggalek Branch Jl. Panglima Sudirman (0355) 791676/ 791675 (0355) 792945 bankjatim_trenggalek@yahoo.com
No. 145 Trenggalek www.bankjatim.co.id
Ponorogo Branch Jl. Diponegoro No. 42-44 (0352) 461157/ 461158/ (0352) 484260/ 485485 bankjatim020@gmail.com
Ponorogo 484222 www.bankjatim.co.id
Pacitan Branch Jl. A. Yani No. 82 Pacitan (0357) 881320/ 881321 (0357) 882889/ 886456 cabang_pacitan@bankjatim.co.id
www.bankjatim.co.id
Gresik Branch Jl. Dr. Sutomo 181, Gresik (031) 3982311/3982313/ (031) 3973976/ 3990937 bankjatim_gresik@yahoo.com
3980580 bankjatim.gresik@gmail.com
www.bankjatim.co.id
Sidoarjo Branch Jl. Jend. A. Yani 29 Sidoarjo (031) 8956108/ 8956109 (031) 8921631 bankjatim_sidoarjo@yahoo.com
www.bankjatim.co.id
Lamongan Branch Ruko Permata Lamongan (0322) 321810/ (0322) 321494 bankjatimlamongan28@gmail.com
Jl. PB Sudirman No 72 322769/311633/ 318508 www.bankjatim.co.id
Lamongan
Situbondo Branch Jl. Basuki Rahmat 235 (0338) 674982/ 672123/ (0338) 672017 bankjatim_situbondo@yahoo.com
Situbondo 674983 www.bankjatim.co.id
Bondowoso Branch Jl. Letnan Karsono No.1 (0332) 427456/ 427447 (0332) 423524 bankjatim_bondowoso@yahoo.com
Bondowoso www.bankjatim.co.id
Magetan Branch Jl. Pahlawan No. 2 Magetan (0351) 895378/ 891441/ (0351) 894715/ 895384 bankjatim.magetan@gmail.com
895333 www.bankjatim.co.id
Dr. Soetomo Jl. Airlangga No. 1-9 (031) 99453111/ (031) 5020121 bj.sutomo@gmail.com
Surabaya Branch Surabaya 5012107 www.bankjatim.co.id
Perak Surabaya Jl. Perak Timur 262-264 (031) 3282635-37 (031) 3282508/ 3299063 bankjatim_perak@yahoo.com
Branch Surabaya www.bankjatim.co.id
Kangean Branch Jl. Sriwijaya No. 431 (0327) 312200/ 312030/ (0327) 312040 bankjatim034@yahoo.co.id
Kec. Arjasa Kep. Kangean 312161 www.bankjatim.co.id
Sumenep
Jakarta Branch Jl. Thamrin Boulevard (021) 29625615-17 (021) 29625618 cabangjakarta.umum@gmail.com
CT.LD1 No.1 CT.LD02 www.bankjatim.co.id
Jakarta Pusat
Batu Branch Jl. Panglima Sudirman (0341) 511205/ 511206 (0341) 590522 /598550 bankjatimbatu@gmail.com
No. 88 Kel. Pesanggrahan umumbankjatimbatu@gmail.com
Kec. Batu Batu www.bankjatim.co.id
Bawean Branch Jl. Kawedanan No. 3, (0325) 422470/ (0325) 422471 bpdjatim.bawean@gmail.com
Sangkapura Bawean 422770/423801/ 421558 www.bankjatim.co.id
Pare Branch Jl. Kusuma Bangsa No. 6 (0354) 397850/ 397851 (0354) 392799 bankjatimpare042@gmail.com
Pare www.bankjatim.co.id
HR. Muhammad Jl. HR. Muhammad No. 29 (031) 99147557/ (031) 99147868/ 99147763 bjtm.hrm@gmail.com
Surabaya Branch Surabaya 99141887 www.bankjatim.co.id
Kepanjen Branch Jl. Kawi No. 28, Kepanjen (0341) 398140 (0341) 398141 bankjatim_kepanjen@yahoo.co.id
www.bankjatim.co.id
Batam Branch Jl. Pembangunan Komplek (0778) 8071030 (0778) 7602059 bankjatimcabangbatam@gmail.com
Ruko Citra Mas Penuin www.bankjatim.co.id
Blok A-05 Kel. Batu Selicin
Kec. Lubuk Baja Kota Batam
SHARIA BRANCH OFFICE
Surabaya Sharia Jl. Dr. Soetomo No. 37 (031) 99543971 (031) 99543971 umum.kcssurabaya@gmail.com
Branch Surabaya www.bankjatim.co.id
Kediri Sharia Branch Jl. Diponegoro No. 50B (0354) 7418278/7418279 7418277/7418424 bankjatimsyariah_kediri@yahoo.com
Kediri www.bankjatim.co.id
Malang Sharia Jl. Soekarno Hatta Grand (0341) 491333/492333 (0341) 2996502/2996503 bankjatimsyariahmalang@gmail.com
Branch Ruko Kav. 13-14 Malang www.bankjatim.co.id
Gresik Sharia Branch Jl. R.A. Kartini No. 220 – 222 (031) 3982011 (031) 3982027 bankjatimsyariah_gresik@yahoo.com
Gresik www.bankjatim.co.id
Madiun Sharia Jl. Hos Cokroaminoto (0351) 476677 (0351) 476666 jatimsyariahmadiun@gmail.com
Branch No. 128 Kota Madiun www.bankjatim.co.id
Jember Sharia Jl. Gajah Mada 278 Jember (0331) 410614 (0331) 410613 bjsyariahjember@gmail.com
Branch www.bankjatim.co.id
Sidoarjo Sharia Jl. Sunanjar Priyo Sudarmo (031) 8924148/8925898 (031) 99704074/99704084 bankjatimsyariah.cabangsidoarjo@
Branch No. 138-148 Blok A-B gmail.com
Sidokare Sidoarjo www.bankjatim.co.id
PT Bank Pembangunan Daerah Jawa Timur Tbk
70 2023 Annual Report
Page 73
COMPANY
PROFILE
Company
Brand
LOGO MEANING:
5
FEATHERS
The inspiration for the formation of the Bank Jatim logo
is the Garuda Bird’s wings flapping upwards as a sign of
5 Spirits of Bank Jatim
being ready to fly. The Garuda bird is the national symbol
of Indonesia. In Javanese mythology, the Garuda Bird is
the “Bird of Life” or bird of life that brings glory. Wings PRO F ESIONAL
are aerodynamic limbs and act as a counterweight when
flying. This function is to be reflected in the logo of Bank PARTNERSH I P
Jatim with the hope that Bank Jatim can fly high towards
the desired goals, and there is a balance between funds CA R E
obtained from the public / government and channeled in
S ERVICE
the form of credit / financing so as to create a populist
economy.
TRUS T WORTHY
The First is the Brand Personality of Bank Jatim, which is
reflected in 5 (five) Wings on the Bank Jatim logo. The
Five Wings represent 3 (three) Pillars and 2 (two) main
3 Pillars and
bases of banking. The three banking pillars include Agent
2 Main Foundations of Banking
of Development, Institutional Endurance and Services.
The two pillars of banking include good corporate
governance and risk management. 3 PILLARS
• Agent of Development
• Institutional Endurance
• Services
2 MAIN FOUNDATIONS OF BANKING
• Good Corporate Governance
• Risk Management
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 71
Page 74
Company
Brief History
PT Bank Pembangunan Daerah Jawa to a Regional Owned Enterprise and Based on Article 2 of the Minister of
Timur Tbk (“Bank”) was established the change in the name of PT Bank Home Affairs Regulation No. 1 of 1998
under the name PT Bank Pembangunan Pembangunan Daerah Djawa Timur was concerning the Form of a Regional
Daerah Djawa Timur on August 17, changed to Bank Pembangunan Daerah Development Bank Legal Entity, then
1961 in Surabaya with the legal basis of Jawa Timur. on March 20, 1999 the Regional
establishment based on deeds drawn Representative Council (DPRD) of the
up by Notary Anwar Mahajudin, No.91 Operationally and in line with its Province of the East Java Province
dated August 17, 1961, which equipped development, in 1990 the East Java ratified the Regional Regulation of the
with an operational basis for the Decree Regional Development Bank upgraded Province of East Java No. 1 of 1999
of the Minister of Finance No. BUM. 9-4-5 its status from a Commercial Bank to a concerning Changes in the Legal Entity
dated August 15, 1961. Foreign Exchange Commercial Bank, of the East Java Regional Development
this was stipulated by the Decree of the Bank from a Regional Company (PD)
With the existence of Law no. 13 of Board of Directors of Bank Indonesia No. to a Limited Liability Company (PT) of
1962 concerning the Basic Provisions 23/28 / KEP / DIR dated August 2, 1990 . the East Java Regional Development
for Regional Development Banks, which Bank which on August 19, 2016
require that Regional Development Banks To strengthen capital, on December 29, has been amended according to
be established by a Regional Government 1994, East Java Provincial Regulation No. theRegionalRegulationoftheProvince
Regulation, the East Java Regional 26/1994 was enacted concerning the of East Java No. 7 of 2016 concerning
Government issued Regional Regulation First Amendment to East Java Provincial Amendments to the Regional Regulation
No. 2 of 1976 dated July 10, 1976. Based Regulation No. 9/1992 concerning the of the Province of East Java Province No.
on the regional regulation, the status of East Java Regional Development Bank, 1 of 1999 concerning the Change in the
the Regional Development Bank from a by changing the capital structure / Legal Entity of the East Java Regional
Limited Liability Company was changed ownership. Development Bank from a Regional
PT Bank Pembangunan Daerah Jawa Timur Tbk
72 2023 Annual Report
Page 75
COMPANY
PROFILE
Company to a Limited Liability Company at the East Java granted approval from Ministry of Law and Human Rights based
Regional Development Bank. on decree No.AHU-22728. AH.01.02. Tahun 2012 dated April
30, 2012, registered on the Company list according to Limited
This change in status of legal form was based on the notarial Company Law with registration No.AHU0038044. AH.01.09
deed No.1 dated May 1, 1999 of R. Sonny Hidayat Julistyo, Tahun 2012 dated April 30, 2012, as well as by Decision Letter
S.H., which has been approved by the Minister of Justice of of the Capital Market and Financial Institutions Supervisory
the Republic of Indonesia in Decision Letter No.C2.8227. Agency (BAPEPAMLK) dated November 29, 2012 that declared
HT.01.01. TH.99 dated May 5, 1999 and was published effective registration statement to become a public company
in the State Gazette of the Republic of Indonesia No.42, and changed its name to PT Bank Pembangunan Daerah Jawa
dated May 25, 1999 in Supplement of the Republic of Timur Tbk.
Indonesia No.3008/1999,thenlaterofficiallybecame PT Bank
Pembangunan Daerah Jawa Timur. Bank Jatim made several amendments to the Articles of
Association as approved at the 2022 Annual General Meeting
The Sharia Operating Unit started its commercial operations on of Shareholders (GMS) of PT Bank Pembangunan Daerah
August 21, 2007 in accordance with the approval letter from Jawa Timur Tbk. based on Deed No. 25 dated April 12, 2023,
Bank Indonesia No. 9/75/ DS/Sb dated April 4, 2007 for the made before Notary Sitaresmi Puspadewi Subianto SH. The
establishment of the Bank’s Sharia Unit. amendments to the Articles of Association are stated based on
the Deed of Restatement of Meeting Resolutions of PT Bank
In line with the economic growth and to comply with the Pembangunan Daerah Jawa Timur Tbk. No 15 dated May 09,
requirement to be Regional Champion BPD, with one of the 2023, made before Sitaresmi Puspadewi Subianto SH, Notary
indicators is to strengthen the capital structure, an amendment in Surabaya, who has received Notification Receipt from the
of Article of Associations was taken based on Extraordinary Ministry of Law and Human Rights of the Republic of Indonesia
General Meetings of Shareholders Decision Deeds No.89 dated Number: AHU-0026675.AH.01.02.TAHUN 2023 dated May 15,
April 25, 2012 of Fathiah Helmi, S.H., Notary in Jakarta and 2023.
Description of Name Change
Following a brief history description, PT Bank Jatim has changed its name 3 (three) times since it was first established, from
the name PT Bank Pembangunan Daerah Jawa Timur to Bank Pembangunan Daerah Jawa Timur in 1976 based on Regional
Regulation no. 2 of 1976 dated July 10, 1976. Then it changed to PT Bank Pembangunan Daerah Jawa Timur based on the
Decree of the Minister of Justice of the Republic of Indonesia Number C2- 8827.HT.01.01. Th.99 dated May 5, 1999, and
the State Gazette of the Republic of Indonesia dated May 25, 1999 Number 42, Supplement to the State Gazette of the
Republic of Indonesia Number 3008/1999. Finally changed to PT Bank Pembangunan Daerah Jawa Timur Tbk according
to the Letter of the Minister of Law and Human Rights of the Republic of Indonesia Number AHUAH.01.10-31887 dated
August 31, 2012, and became a Public Company by listing 20% shares on the Indonesia Stock Exchange with the Ticker
Code or BJTM Stock Code.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 73
Page 76
Vision, Mission
& Corporate Culture
VISION
To Become “BPD No. ”
in Indonesia
MISSION
Accelerating performance and healthy
business transformation into a digital bank
with highly competitive human resources;
Contributing to the economic growth of East
Java;
Applying sustainable finance principles.
PT Bank Pembangunan Daerah Jawa Timur Tbk
74 2023 Annual Report
Page 77
PROFIL
PERUSAHAAN
Vision Explanation
To become a BPD Bank that contributes significantly to
regional economic growth in a sustainable manner as
well as a BPD that has a competitive advantage so that
it is able to compete and even outperform other banks,
especially Regional Development Banks.
Mission Explanation
The Bank in carrying out its business activities is focused
on increasing the acceleration of performance growth
and the Bank continues to transform so that it remains
relevant in its efforts to grow above the average
banking industry. In an effort to accelerate performance
growth, it is supported by Human Resources (Human
Capital), which is one of the Bank’s strategic resources
to be continuously nurtured and developed so that it
has the capacity and capability to produce superior
performance in competition, especially against Regional
Development Banks.
The Bank continues to innovate more diverse digital
banking products and services so that the products are
easily accessible and can meet the expectations of the
community, especially in the East Java region.
In order to contribute to the economic growth of East
Java, the Bank has a duty to continue to strive to
participate in developing MSMEs and contribute to
strategic government projects as well as economic
activities in the context of regional development.
In applying the principles of sustainable finance, the Bank
in carrying out its business activities seeks to implement
financial practices that are more environmentally friendly
Review of The Vision and prioritize financial transactions for environmentally
and Mission by the Board friendly business projects.
of Commissioners and
the Board of Directors Sustainable finance is defined as the overall support
of the financial services industry for sustainable growth
In order to ensure the suitability of the Vision and
resulting from the harmony between economic, social
Mission of Bank Jatim which has been running
and environmental interests.
so far, Bank Jatim always reviews the Vision and
Mission periodically. In 2023, the Vision and Mission
of Bank Jatim have been discussed and approved
by the Board of Commissioners and Directors
during the final presentation for the preparation of
the 2024-2028 Corporate Plan and it is decided
that it remains relevant
for the current conditions.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 75
Page 78
CORPORATE CULTURE
Exellence
Always provide and present everything exceeded expectations. In the other words, constantly develop and make
improvements in all areas to achieve optimum added value, and the best results continuously.
Key behaviors:
Fast & Simplicity Agile & Business Savvy
Always be responsive over the dynamics of change by Working fast, nimble, agile, responsive and proactive in
meeting customer needs, and presenting customer capturing business opportunities, which is conducted by
friendly products and services, behavior guidelines: all employees with continuous improvement, behavior
• Always consistently take initiatives to offer and provide guidelines:
the best quick, precise, and easy solution. • Always seek and seize opportunities to contribute
• Always provide products and services which are added value to the company growth continuously.
accurate, safe, convenient, value added, and meet the • Always work diligently in performing the tasks and
standard that exceed customer expectations. proactive in capturing the opportunities exist.
• Always simplify the existing problems to provide the • Always keep focused and be discipline in executing
best solution, quickly and precisely to the customer. the priority tasks.
• Evaluating and monitoring both to the work process
and the results of performance on a regular basis, to
be able to identify opportunities for improvement.
• Always be patriotic, have a winning mentality and the
courage to make a breakthrough.
• Have a flexible spirit which is appropriate to business
environment and customer needs.
Professional
Performing and mastering duties and responsibilities, and commit to achieve optimal results,
key behaviors:
Execution & Risk Taker Proactive & Accountable
Carry out management decisions with the courage to take Taking the initiative to carry out alternatives based on the
the necessary risks, behaviors guidelines: principles and values, openly and responsibly, behaviors
• Accomplish the tasks completely, accurately and on guidelines:
time. • Set a high standard as a benchmark of the performance,
• Work smart, which is efficient and effective, by and to achieve the performance standard with best
optimally utilizing resources to achieve maximum effort and full responsibility.
results. • Always maintain a high working passion and spirit.
• Manage work systematically through the process of • Foster a sense of belonging and be responsible for
planning, organizing, evaluating, and continuously every action and decision made.
monitoring as well. • Be responsible to contribute in the achievement of the
• In an effort to provide the best results, have the vision and mission of the Bank Jatim.
courage to take necessary risks carefully, so as not to
put the company interests aside.
• Have self-confidence over the opportunities and
results.
PT Bank Pembangunan Daerah Jawa Timur Tbk
76 2023 Annual Report
Page 79
COMPANY
PROFILE
Integrity
To be consistent in thought and behavior, be honest to themselves and others based on ethical values,
key behaviors:
Honesty Trust
Uphold honesty, sincerity, openness with regard to the Mutual respect and open attitude among fellow members
principles of prudence, behaviors guidelines: of the company based on confidence, honesty and good
• Always speak and act on the truth, according to the faith in the execution of the work, behaviors guidelines:
fact and reality. • Treat co-workers, customers and all stakeholders with
• Act honest, sincere, open, humble, simple, ethical, respect and courtesy.
keep promises and commitments made, and to act • Keep an empathetic communication between
appropriately in the right situation. coworkers so as to create mutual understanding in
• Maintain a sincere intention and full compliance, interpersonal relationships.
act solely for the best interests of the Bank Jatim • Create and maintain a conducive and comfortable
unconditionally, and without any ulterior motives. climate of working environment.
• Maintain transparency in every action and • Carry out the mandate given with full commitment and
decisionmaking, by providing relevant information responsibility to build a sustainable trust, and put any
correctly and accurately, while upholding the principles corporate interests above personal or group interests.
of privacy and confidentiality. • Establishing cooperation between individuals and
• Have the courage to recognize the limitations and between work units to jointly strive to achieve
mistakes, and be willing to make improvements. organizational goals.
• Be a role model in all circumstances, to serve, to • Provide assistance and positive support for fellow
accept criticism, and be willing to listen more. coworkers, and contributes actively to achieve shared
• Comply with the rules, policies and procedures, and goals.
prevailing regulation wisely and responsibly. • Respect the differences between employees, and
• Make wise decisions in various situations by sticking to make the differences as a starting point to create
the applied rules and policies. synergy.
• Uphold the principles and stance which is believed to
be right, and not easy to change, even under pressure
or difficult situations.
• Work with dedication, protect the honor and interests
of personal and the company, and always uphold the
professional code of ethics.
• Avoid opportunities that enables the conflict of
interest.
• Be a role model and benchmark for others by
consistently doing what the talked.
• Use company property in a responsible manner.
• Make decisions objectively and free from pressure or
influence from any party.
• Have the courage to put forward suggestions, opinions
and criticism objectively and openly.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 77
Page 80
Synergy
Mutually beneficial cooperation undertaken with a commitment to increase the added value for both parties,
key behaviors:
Respect Collaboration
Implement mutual appreciation, respect and guide Together create added value to create growth and
sincerely to uphold the values of decency, behaviors development of the company, behaviors guidelines:
guidelines: • Be positive result oriented.
• Implement mutual appreciation, respect and guide • Work together to achieve the shared goals and or
sincerely to uphold the values of decency, behaviors agreements.
guidelines. • Very like to discuss and maintain effectiveness.
• Always be positive think to others. • Have a high sense of belonging.
• Respect and uphold honor of others. • Appreciate, give recognition, and have a high standard
• Avoid self-destructive Behavior. of work ethic.
• Appreciate the uniqueness of themselves, develop
and overcome weaknesses.
Innovation
Creativity or the ability to produce something new and make something already become better continuously according
to customer needs, key behaviors:
Eager to Learn Creativity
The behavior of employees which constantly improve Always create something new and develop ideas to
their knowledge that enable the company to grow in a achieve better results, behaviors guidelines:
sustainable manner, behavior guidelines: • Be Innovative in creating opportunities to achieve
• Have a high curiosity, optimistic, sincere, consistent beyond expectations performance.
and visionary. • Be creative, innovative, proactive and responsive in
• Perform continuous improvement. providing the best solution.
• Always be sensitive to customer needs, and proactively • Always focus on providing services with specific added
identify. value as customer needs.
• Constantly develop competency levels in order to • Always be innovative and oriented to provide solutions
meet the development and progress of the profession which meet customer needs.
demands. • Be empathetic to customer complaints and problems,
• Have a good work ethic to become a true learner. and responsive to provide the best solution for each
• Have entushiasm to keep learning as a part of life, complaint.
and carry out the process of changing Behaviour to be • Have a strong stance and be intuitive.
better. • Be flexible, elaborative, imaginative, initiative, and
• Like to meet new people, discuss, reflect, and make selfconfident.
changes. • Have broad interests and never get bored.
PT Bank Pembangunan Daerah Jawa Timur Tbk
78 2023 Annual Report
Page 81
COMPANY
PROFILE
Business
Activities
Business Activities According to
the Articles of Association
Bank Jatim conducts business in the banking sector in
accordance with Article 3 Paragraph 1 in the Articles
of Association based on the Deed of Restatement of
Meeting Resolutions No. 15 dated May 9, 2023, made
before Notary Sitaresmi Puspadewi Subianto, SH., Notary
in Surabaya, who has received the Decree of the Minister
of Law and Human Rights of the Republic of Indonesia
Number: 0026675.AH.01.02.TAHUN 2023 Concerning
Approval of Amendment of the Articles of Association
of Limited Bank of PT Bank Pembangunan Daerah Jawa
Timur Tbk. The purpose and objective of the Bank is
to carry out business in the field of financial activities,
particulary banking, in accordance with the provisions of
the prevailing laws and regulations.
Primary Business Activities
To achieve the goals and objectives of Bank Jatim, the Company carries out its main activities as follows:
a. Collect funds from the community in the form of deposits, f. Provide a safe place to store goods and securities;
such as current accounts, time deposits, certificates g. Carry out business activities in the form of foreign exchange;
of deposits, savings, and/or other similar forms, both h. Carry out receivable transfer activities;
conventionally and based on sharia principles; i. Carry out goods and securities safekeeping activities;
b. Distribute funds in the form of loan or financing based on j. Carry out other with approval from the Financial Services
the sharia principles; Authority;
c. Carry out activities in field of the payment system; k. Provide financing and/or carry out other activities including
d. Invest funds in other banks, borrow funds from, or those based on the sharia principles in accordance with the
lend funds to other banks, either with a letter, means applicable provisions;
of telecommunication, money order, check, or other l. Commence other banking business in accordance with
instruments; the prevailing laws and regulations, both in domestic and
e. Issue and/or carry out Securities transactions for the benefit overseas.
of the Bank and/or Customer;
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 79
Page 82
Supporting Business Activities
To complement primary business activities, Bank Jatim also carries out the following supporting business activities:
a. Purchase part of or all the collateral, either through an c. Perform temporary capital investments activities outside
auction or outside of an auction based on voluntary financial services institutions to overcome the consequences
handover by the collateral owner or based on the authority due to loan failures or financing failures, based on
to sell outside of the auction from the collateral owner in sharia principles, with the provision of withdrawing the
which the debtor does not fulfill their obligations to the investments;
company, with a condition that the purchased collateral d. Collaborate with Financial Services Institutions and Non-
have to be immediately disbursed; Financial Institutions in providing financial services to
b. Perform capital investments activities in financial services Customers;
institutions or other companies that support the banking e. Act as the founder of pension funds and manager of
industry by fulfilling the provisions set by the Financial pension funds in accordance with the applicable pension
Services Authority; fund regulations.
On-Going Business Activities
All business activities have been carried out by the Bank in accordance with the Articles of Association.
Products and Services
Bank Jatim’s business activities include various savings products, loan products, and various conventional and sharia services which
are described as follows:
Deposit Products
Rupiah Current Account Rupiah Deposits
Giro or current account is a deposit that can be withdrawn at Deposits, or often referred to as time deposits, are a bank’s
any time by using check/ transfer form and other payment order product similar to savings services commonly offered to the
facilities, or by way of transfer. Bank Jatim’s current account is public. Funds in deposits are guaranteed by the government
online at all of its branches so that withdrawals and deposits through the Indonesia Deposit Insurance Corporation (IDIC)
can be made at all branches while Bank Jatim’s check/transfer under certain terms and conditions.
form in Rupiah can be cleared anywhere (Intercity Clearing).
Foreign Currency Deposits
Foreign Currency Current Account
Foreign currency deposits only accept funds in foreign
Current accounts are deposits which can be withdrawn at any currencies, such as USD, in accordance with banking
time by using a check/ bilyet giro, other means of payment regulations. The interest rates offered in foreign currency
orders or by book-entry. Bank Jatim current accounts are online deposits are generally lower than the rates of Rupiah deposits.
at all Bank Jatim branches, so withdrawals and deposits can be
made at all Bank Jatim branches and Bank Jatim checks/bilyet Simpeda Savings
giro can be cleared anywhere (Intercity Clearing) with foreign
currency (USD). Simpeda is a Regional Development Deposit product that
has been online in all Bank Jatim’s branches. This product
implements a daily-calculated interest rate which provides a lot
of convenience and benefits at such a low cost. The total prize
of IDR12.5 billion per year is drawn three times a year, twice for
the national level and once for the regional level.
PT Bank Pembangunan Daerah Jawa Timur Tbk
80 2023 Annual Report
Page 83
COMPANY
PROFILE
Siklus Savings Hajj Savings
Bank Jatim’s Hajj Savings is a savings product in the form of
With this savings product, Bank Jatim contributes to the
deposit which aims to specifically help alleviate the Muslim
development of saving tradition as a means to manifest a community, especially those wishing to take the Hajj pilgrimage
prosperous family. This product is suitable for customers who do to the Holy Land of Mecca to perform the fifth pillar of Islam.
not want prizes but expect competitive interest.
Micro and Small Enterprise Siklus Savings (SIUMI) TabunganKu
To foster the productive economic sector, specifically through TabunganKu is a savings product for individuals with easy and
the Micro, Small & Medium Enterprises, Bank Jatim launches simple requirements, which are jointly issued by Indonesian
the SiUMI (Micro and Small Enterprise Siklus Savings) Program banks to foster the culture of saving and improve public welfare.
consisting of SiUMI Savings and SiUMI Loans. This product is not subjected to administrative fees.
Fishermen Siklus Savings (SINYAL) Simpanan Pelajar (SIMPEL)
In line with the vision of the Central Government to actuate This is a special savings for students from the level of
Indonesia as the World Maritime Axis, the Ministry of Maritime elementary school to senior high school under the name of
Affairs & Fisheries, in collaboration with the Financial Services Student Savings/ Simpanan Pelajar (SIMPEL). With a low initial
Authority (OJK), launched the JARING (Reach, Synergy, and affordable follow-up deposits, SIMPEL is packaged to
and Guideline) program which is expected to give positive provide financial education and inclusion to encourage the
contribution to the maritime sector. In accordance with the saving culture from early age. SiMPEL is a savings product
role of Bank Jatim in supporting the government programs, for students jointly issued by Indonesian banks with easy and
it is necessary to develop and improve existing products to simple requirements, and equipped with attractive features, to
manifest a specific savings for those in the maritime sectors, encourage saving culture from early age.
especially fishermen.
Simpanan Laku Pandai (Sipandai)
Siklus Prioritas Savings Simpanan Laku Pandai is Bank Jatim’s savings product that
Siklus Prioritas Savings is aimed at Jatim Prioritas customers allows the customers to conduct financial transactions without
or customers who have a minimum fund of IDR250 million having to go to the Bank, and simply through the SiPandai Bank
with relatively high interest rates. Various convenience and Jatim agent. Therefore, it is easier for people to connect with
exclusive banking facilities are provided for the holders of the Bank to obtain Financial Services.
Jatim Prioritas debit card, including health services, discounts
at various merchants, Jatim Prioritas magazine, exclusive event Siklus Pension Savings
invitations, and so on. This is a savings product in the Rupiah currency aimed at
customers of the pensioner segment and used as a means of
Foreign Currency Siklus receiving pension payment from pension fund disbursement
One of the strategies pursued by Bank Jatim is to create a companies (PT Taspen, PT Asabri, Pension Fund Companies,
Foreign Currency Siklus Savings product with the applicable and other Pension Fund institutions partnering with Bank
foreign currencies (USD and SGD). This program is expected Jatim). This product can be opened at all Bank Jatim’s office
to increase the growth of third-party funds’ customers and/or network, i.e. branch offices, subbranch offices, service offices,
outstanding third-party funds in general. and functional Office.
Siklus Bunga Plus Consumer Loans Products
This Siklus Savings Marketing Program provides benefits in the
form of direct goods without drawing, in which the customers can Multiguna (Multipurpose) Loan
still enjoy their savings interest at the end of the lockup period.
Simply by placing funds of a certain nominal, customers can Consumptive sector loan facilities provided to members of
directly select the desired item without the drawing process. The the public who had a fixed income and other income, which
lock-up or holding period is according to the customer’s choice, could be used for all purposes as long as they did not conflict
starting from 1 to 60 months. with applicable laws and regulations. The Bank provided
Multipurpose loan facilities for the Board of Commissioners,
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 81
Page 84
Directors and Committee Members of Bank Jatim with Gold Guarantee Loan
procedures according to regulatory provisions and interest rates
above the cost of funds (COF). The features of multipurpose
loan products include: Gold Guarantee Loan is a loan that is guaranteed with cash
a. Multiguna Loan – Employee collateral in the form of gold bullion, gold jewelry, gold coins
b. Multiguna Loan – Retired and gold coins or in other forms that can be used as collateral.
c. Multiguna Loan - Pre Retirement Employees
d. Multiguna Loan - Pre Retirement ENT Property Loan
e. Multiguna Loan - Contract Workers, First Aid, Honorary
Workers and Village Apparatus The loan facility was provided to prospective borrowers or
f. Multiguna Loan - Retirement Widow/ Widower debtors for the purchase or ownership of property, including
g. Multiguna Loan – Education propertybacked consumer loans (Planted Houses/ Flats/
h. Multiguna Loan - Employee Professional Allowance/ Apartments/Shop Houses/Office Houses) for both new and
Performance Allowance/Remuneration used purchases from developers or non-developers. Property
i. Multiguna Loan - For the Board of Commissioners, loan Facilities include:
Directors, and Committee Members of Bank Jatim a. Purchase or ownership of property.
j. Multiguna Loan - Retired Bank Jatim b. Renovation or construction of property on own land.
c. For other consumption, it is a cash loan facility for
Employee Loan & Personal Loan Car Allowance other consumptive needs such as purchasing a vehicle,
Program educational expenses, and others.
d. Take Over, Take Over plus Top Up.
Employee Loan e. Purchase or ownership of Bank auction property, a loan
Loan facilities provided to Bank employees for all purposes as facility for the purchase or ownership of property auction
long as they did not conflict with laws and regulations. results at the Bank.
f. Purchase or ownership of family property, a loan facility
Personal Loan Car Allowance Program (CAP) that accommodated the purchase or ownership of property
Loan facilities that were used to procure official vehicles for Bank dedicated to your beloved family.
employees with certain positions, were provided in accordance
with the provisions of the Bank’s Car Allowance Program. Commercial, Corporate and Syndication
Loan
Motor Vehicle Loan
Transactional Pattern Contractor Loan
Motor Vehicle Credit (KKB) is a loan facility provided to
prospective borrowers or debtors, either directly or indirectly, Transactional Working Capital Loans for contractors were
for the purchase/ownership of new or used motorized vehicles working capital loan facilities for contractors to complete a job
used either for consumptive purposes or to support business based on a work contract with a certain ceiling, the repayment
operations or refinancing. of which came from the payment of the relevant project terms.
Cash Collateral Credit Standby Loan Contractor Loans
Cash Collateral Credit (CCC) is a loan that is guaranteed by The Contractor’s Working Capital Loan with the Standby Loan
cash collateral in the form of Bank Deposits/Current Accounts/ pattern was a working capital loan facility for a Contractor
Savings. to complete a job based on a Work Contract with a certain
ceiling which could be disbursed revolving per project or work
contract, and the repayment of the loan was sourced from the
payment of the relevant Project term.
PT Bank Pembangunan Daerah Jawa Timur Tbk
82 2023 Annual Report
Page 85
COMPANY
PROFILE
Installment General Working Capital Loan Receivable Financing Loan
Working Capital Loan Installment loan facility provided for Receivable Financing loan is a type of loan facility given to
working capital purposes where the disbursement can be done the holders of receivables/ bills whose returns are clear and
simultaneously and is non revolving in which the payment is can be confirmed. The receivable financing loan facility aims
made in installments. to provide assistance for the customers/prospective customers
who are in need of working capital as their receivables/bills
Current Account Working Capital Loan cannot be billed/disbursed yet at that time. The advantage of
this loan is in its quick process.
Current account working capital loan is a working capital
financing facility given to the customers to fulfill the lack of Regional Government Loan
their working capital, which expires within a maximum period
of 1 year. This loan facility is provided for the Regional Government within
and outside the East Java Region in the form of investment
Investment Loan loans. The loans can be used to finance the development of
facilities and infrastructure as the Regional assets that can
Investment loan is a medium/long-term loan given to customers generate revenues for the repayment of loans, as well as to
for purchasing capital goods and service for the purposes provide benefits for community services and/or working capital
of rehabilitation and establishment of new businesses. The loan to cover the lack of Regional Cash Flow in the same year
settlement of loans shall be sourced from the yields of business budget, with certain limit that can be disbursed in accordance
using the financed capital goods. with the regional financing needs. The advantage of this loan
is that it can significantly accelerate the development in the
Property Construction Loan region.
Property Construction loan is a working capital loan facility Trade Finance Loans
provided by the Bank to the customers, specifically Developers
who are in the process or will undergo a job on property Loan facilities provided to debtors engaged in export and
projects. import with due observance of the aspects of sound lending.
Syndicated Loan Micro, Retail dan Loan Program
Syndicated Loan is a loan given to the debtors by 2 (two) or Retail Jatim Loan
more Banks/NonBank financial institutions, with the same terms
or conditions for all syndicated participants, which is agreed Jatim Retail loan was one of the productive loan schemes
within a documentation and administrated by an institution owned by Bank Jatim to support prospective debtors in
called an agent. obtaining capital assistance, especially MSME debtors with a
maximum loan limit of IDR1 billion.
Loan to Regional Public Service Agencies
(Badan Layanan Umum Daerah – BLUD) Micro Laguna Loan
This is a loan facility given to Regional Work Units or each A loan given to micro businesses for business development
Work Unit within the Regional Work Units in the Regional so that they can increase into small and medium enterprises
Government aimed to provide services to the community directly to individuals or business groups.
in the form of goods and/or services which are sold without
prioritizing profit and instead based on the principles of
efficiency and productivity.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 83
Page 86
Linkage BPR Loan Food Security And Energy Credit (KKPE)
A loan facility provided by Bank Jatim to micro and small Investment credit and / or working capital that is provided in
entrepreneurs through the Rural Bank (BPR) Perbamida and order to support the implementation of the Food and Energy
Perbarindo, both who are already members of APEX or not yet Security Program in the fields of agriculture, plantation, livestock
APEX members. and marine and fisheries which receive interest subsidies from
the Government.
People’s Business Credit (KUR)
Micro Jatim Loan
Loan/financing for working capital and/ or investment to
Micro, Small, Medium Enterprises and Cooperatives (UMKMK) A working capital loan and/or investment in the productive
in productive and feasible but not bankable business fields sector provided for business development to micro and small
with a credit limit of up to IDR500 million guaranteed by the entrepreneurs.
Guarantee Company and criteria for potential borrowers to
receive KUR in accordance with Government regulations. Fintech Linkage Loan
Credit To Cooperatives For Its Members A working capital loan that is given to a group of micro-
(KKPA) entrepreneurs to meet the needs of expenses that run out in
one cycle of business activity.
A working capital loan provided by a bank to cooperatives,
both primary and secondary cooperatives, to be distributed SiUMI Loan
to their members. In addition, Bank Jatim is also collaborating
with PTPN X and PTPN XI regarding the distribution of KKPA A working capital and/or investment loan provided by the Bank
credit for the Sugarcane Sector. for micro and small scale productive business actors who have
a Micro, Small Business License (IUMK) and a SIKLUS ATM card
Credit To Cooperative (KKOP) with data on potential debtors.
A working capital loan and / or investment credit provided Credit BPR RC (Newspaper Account)
by the Bank to cooperatives, both primary and secondary
cooperatives to meet the needs of cooperatives as institutions. A loan facility to BPR that is given for working capital purposes
where the withdrawal can be made at any time through the
KUMK Su-005/Government Investment Credit checking account up to a certain limit by using a check/bilyet
(KIP) giro.
Credit/financing whose source of funds is from the State Treasury Products
Revenue and Expenditure Budget (APBN) which is used
to finance activities to increase production and/or control General Foreign Exchange (Telegraphic Transfer)
production carried out by micro and small businesses.
Telegraphic transfer is a sale and purchase transaction on
Cow Breeding Business Credit (KUPS) foreign currency in the form of general (non-cash) foreign
exchange. Bank Jatim offers telegraphic transfer for USD,
A loan provided by implementing banks to Cattle Breeding GBP, SGD, JPY, HKD, EUR, and CNY currencies. The types of
Business Actors who receive interest subsidies from the telegraphic transfer transactions provided by the Bank are as
Government. What is meant by Cattle Breeding Business follows:
Actors are livestock companies, cooperatives, groups/groups
of breeders conducting Cattle Breeding Businesses. Fx Today (Foreign Exchange Today)
FX Today transaction is a sale and purchase transaction on
foreign currency with the time of delivery of funds conducted
on the day/date of the transaction.
PT Bank Pembangunan Daerah Jawa Timur Tbk
84 2023 Annual Report
Page 87
COMPANY
PROFILE
Fx Tom (Foreign Exchange Tomorrow)
b. D/P: the service of forwarding documents on orders
FX Tom transaction is a sale and purchase transaction on from the Exporter/Seller to the bank to be billed for the
foreign currency with the time of delivery of funds conducted in payment to the Importer/Buyer bank on a show basis.
1 (one) working days following the day/date of the transaction. 2. Letter of Credit (LC) Advising
Forwarding receipt of LC Master or Amendment LC to the
Fx Spot (Foreign Exchange Spot) recipient of the Export LC/ seller.
FX Spot transaction is a sale and purchase transaction on 3. Transferable Letter of Credit
foreign currency with the time of delivery of funds conducted in Carry out transferable LCs at the request of the Exporter of
2 (two) working days following the day/date of the transaction. Bank Jatim customer as the first Beneficiary.
4. Takeover of Export Notes (Discount)
Fx Forward (Foreign Exchange Forward) Post shipment financing services provided by Bank Jatim
FX Forward transaction is a sale and purchase transaction on on the basis of the export documents presented and
foreign currency with the time of delivery of funds conducted in have complied with the LC (Complete and Comply with)
more than 2 (two) working days following the day/date of the provisions.
transaction. 5. Provide Assistance and Advisory services to the customers
concerning international trade transactions conducted in a
Bank Notes manner that guarantees the security of both customers and
Bank Jatim.
Bank Notes is a sale and purchase transaction on foreign
currency in the form of paper money or cash. The foreign Bank To Bank Transaction Export
currencies served by the Bank are: 1. Forfaiting
• USD It is export receivable sales transaction services between
• GBP Bank Jatim and other banks.
• EUR
• SGD Import
• JPY
• HKD Bank Jatim provided solutions for import transactions to
• CNY customers so that they could purchase goods more safely,
• SAR because payment could be made after the goods arrive at the
• AUD port or the billing document for the purchase of the goods is in
• MYR accordance with the requirements.
Deposit On Call Bank to Customer Transaction Impor
1. Letter of Credit Issuing
On-Call Deposits is a deposit of a certain nominal to the Bank Issuance of the LC Master or Amendment LC for the benefit
carried out in accordance with the applicable provisions, with a of the Importer/Buyer to the Advising Bank/Exporting
period of less than 1 (one) month. Bank.
2. Shipping Guarantee
Trade Finance Product Import services in accelerating the process of releasing
goods/ cargo releases at the port so that the imported
Export goods can be used immediately, based on a letter of
guarantee issued by Bank Jatim. This could provide
Bank Jatim could provide financing for customer export benefits for importers, namely reducing or reducing the
transactions from before delivery of goods (Pre Shippment burden of warehouse rental costs/ demurrages that must
Financing) to after delivery of goods (Post Shipment Financing). be borne.
3. Provide Assistance and Advisory services to the customers
Bank to Customer Transaction Export concerning international trade transactions conducted in a
1. Documentary Collection manner that guarantees the security of both customers and
a. D/A: namely the service of forwarding documents on Bank Jatim.
orders from the Exporter/ Seller to the bank to be billed
for the payment to the Importer/Buyer bank through
acceptance according to a certain agreed period of time.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 85
Page 88
Bank to Bank Transaction Impor Inkaso Rupiah
1. UPAS Financing
It is a transaction service for the purchase of imported Is the delivery of scripts (Cheques, Billet, Giro, Wesel) to Banks
debt by PT Bank Pembangunan Daerah Jawa Timur Tbk, interested in getting payments because they cannot be settled
in which Bank Jatim acts as Funding Bank for the Usance through clearing facilities (Banks are interested outside the
Payable at Sight transactions. clearing area) using Rupiah currency.
Domestic Transactions (SKBDN) Inkaso Valas
In the transaction of trade in domestic goods and services, of Is the delivery of scripts (Cheques, Billet, Giro, Wesel) to Banks
course, it also requires certainty of receipt of payments or even interested in getting payments because they cannot be settled
acceleration of receipt of payments. All of the above export and through clearing facilities (Banks are interested outside the
import solutions could be applied to domestic transactions. clearing area) using forex currency (USD).
Term Loan Facility (TLF) Giralization
Term Loan Facility (TLF) is a committed loan facility provided Giralization is a payment made by the customers that is carried
to commercial banks with a maximum term of 1 (one) year and out automatically by the Bank by debiting the current account/
as a form of product diversification effort as well as to increase savings account of the relevant customers based on the debit
Bank Jatim’s potential interest income. order signed by the customers.
Business Services BPD Net Online
Bank Reference This is a transfer facility between BPDs throughout Indonesia
Bank Reference is a statement issued by Bank Jatim which that is incorporated in ATM Bersama in Real Time.
explains that the undersigned person/company is truthfully
a customer of Bank Jatim. Bank References can be used by Jatim Electronic Transfer System (JETS)
customers to participate in certain project auctions.
Jatim Electronic Transfer Sistem (JETS) enables all transactions
National Clearing to be connected online; for example, transfers between BPRs
or to commercial banks.
National Clearing is the credit funds transfer between Banks
through clearing without the obligation to make physical paper JConnect Invest
(Paperless) exchanges. The transfer can be done within all
regions of Indonesia. JConnect Invest was a mobile-based online securities
investment platform that could be downloaded on the Playstore
Real Time Gross Settlement (RTGS) and Appstore and integrated with distribution partners and
the Ministry of Finance. The JConnect Invest application was
RTGS-based fund transfer system enables the Bank to carry registered with the Financial Services Authority and provided
out various electronic transactions of fund payments/transfer Retail Government Securities (SBN) investment products with
instantly/online with an integrated settlement of transaction. offers on the primary market. Products that can be ordered
through the Jconnect Invest application include:
1. ORI (Obligasi Ritel Indonesia)
One of the Government Securities (SBN) instruments offered
to individuals or Indonesian Citizens through Distribution
Partners in the Primary Market with a predetermined
minimum volume.
PT Bank Pembangunan Daerah Jawa Timur Tbk
86 2023 Annual Report
Page 89
COMPANY
PROFILE
2. SBR (Saving Bond Ritel) the Bank’s Teller or through the entire e-Channel, and has been
A type of Government Bond (SUN) or SBN specifically online throughout all Branches of the Bank. Various types of bill
offered to individuals or individuals whose nature is similar payments include:
to savings or bank deposits, because they cannot be traded • Water (PDAM) Bill Payment
back on the secondary market. • Electricity (PLN) Bill Payment
3. SR (Sukuk Ritel) • Phone Bill Payment
Sharia investment products offered by the Government to • Payment for Education Fees
individual Indonesian Citizens, as a safe, easy, affordable • Internet Bill Payment
and profitable investment option. • Subscription TV Bill Payment
4. ST (Sukuk Tabungan) • Payment for Surabaya Container Terminal (TPS)
Sharia investment products issued by the Government to • Multi Finance Bill Payment
individual Indonesian citizens that are safe, easy, affordable, • Credit Card Bill Payment
profitable, and shariacompliant which are similar in nature • Payment for Airline or Train Tickets
to savings or bank deposits, because they cannot be resold • E-Commerce Transactions Payment
on the secondary market.
Salary Payroll
Transaksi Remittance
Salary payroll is a type of services provided by Bank Jatim to its
This is a service from Bank Jatim to send funds in a foreign customers. The mechanism of salary payroll is by transferring
currency at home and abroad. This service makes it easier for certain amount of salary from a holding account on behalf of an
the Customers to make transactions with business partners and institution or a company to a salary recipient’s savings account.
family abroad. Remittance Transactions provide convenience
and smoothness that can be carried out in Bank Jatim Branch Trade Transaction Services
Offices and Sub-Branch Offices throughout East Java, Jakarta,
and Batam. This transaction serves foreign exchange transfers Domestic Letter of Credit (SKBDN)
in USD, EUR, GBP, SGD, JPY, HKD, AUD, and CNY. The domestic letter of credit (SKBDN) is an instrument issued
by an issuing bank at the request of the buyer/applicant, which
Institutional Services consists of the bank’s commitment to pay a sum of money to
the seller/ recipient if the issuing bank receives documents in
Tax Services accordance with the SKBDN requirements. SKBDN is used to
support domestic trade transactions. Bank Jatim can serve the
Tax is one of the services provided by Bank Jatim to its needs both from the sides of the applicant and recipient of the
customers. Tax Service is related to the status of Bank Jatim SKBDN.
as an Operational Bank V (BO V) or as a Perception Bank (Tax
Payment Bank). The Bank’s online service system has been Letter of Credit (L/C)
authorized by the Directorate General of Central Taxes and its Letter of Credit is an instrument issued by a bank on behalf of
validity is recognized. The types of tax services offered are as one of its customers, which authorizes a person or a company
follows: as the recipient of said instrument to withdraw a money order
• Property Tax from the bank or on one of its correspondent banks for the
• Customs for Land and Building Rights interest, based on the conditions/ requirements stated on the
• Other Regional Taxes instrument.
• Vehicle Tax
• Value-Added Tax (VAT) Foreign Exchange Transfer (Remittance)
• Income Tax Bank Jatim provides Foreign Exchange Transfer Services to
• Non-Tax Revenue facilitate and simplify transactions for its customers. Foreign
Exchange Transfers are unconditional payment orders sent
Bill Payment from sending banks from within or outside the country to
recipient banks in the form of Foreign Exchange at the request
Bill payment is one of the services provided by Bank Jatim to and for the interests of order givers, by using authenticated
its customers. This payment service can be performed through means (SWIFT, Tested Telex, and Tested Facsimile).
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 87
Page 90
Export/Import Tax Receipt (Edi System) KPR Sejahtera
EDI System aims to provide assistance in terms of export and
import documents, namely the Goods Import Notification House ownership financing by the support of Housing
(PIB) and Goods Export Notification (PEB) services. Customs Financing Liquidity Facility (FLPP), including KPR Sejahtera for
administration is able to process customs notification in the Landed House and KPR Sejahtera for Multi-level Housing/Flats,
customs service computer system that can further be transmitted issued by the Bank with murabahah contract.
electronically; hence, the same data will immediately be available
at the computer system of the Directorate General of Customs Multiguna Sharia
and Excise without having to undergo the re-entry process.
Providing financing in the consumer sector and for other
Sharia Financing Products purposes as long as it did not conflict with applicable legal
regulations, which could be given to members of the public
General Financing who had a fixed income and other income using murabaha and
ijarah contracts. Features of multipurpose financing products
Investment Financing is a facility provided to finance investments include:
or procurement of capital goods that are not consumables up a. Multipurpose Financing - Employees
in one business cycle Working Capital Financing is a facility b. Multipurpose Financing - Pensioners
provided to finance and fulfill the working capital needs in order c. Multipurpose Financing - Employee Pre-Retirement
to perform the business activities and usually are consumables d. Multipurpose Financing - ENT PreRetirement
up in one production cycle, such as for the procurement of raw e. Multipurpose Funding - Contract Labor, First Aid, Honorary
materials or to finance the lack of other operational costs. Staff and Village Devices
f. Multipurpose Financing - Widow/ Widower Pension
KPR iB Griya Barokah g. Multipurpose Financing - Education
Consumption financing consists of: h. Multipurpose Financing - Employee Professional
a. Financing provided by the Bank for the ownership of Allowances/Performance Allowances/Remuneration
Landed House, including Financing for consumption i. Multipurpose Financing - For the Board of Commissioners,
backed by Landed House. Directors and Committee Members of BankJatim
b. Financing provided by the Bank for the ownership of j. Multipurpose Financing - Bank Jatim Retired Employees
the multi-level housing/flats, including Financing for
consumption backed by the multi-level housing/flats. Emas iB Barokah
c. Financing provided by the Bank for the ownership of
Shophouses or Home Offices, including Financing for Financing for the customers with the principle of Qardh provided
consumption backed by the Shophouses or Home Offices. by the Bank to the Customer according to an agreement, which
d. Purchase of building materials and other supporting is included with Mortgage (Marhun) as collateral for all or parts
materials for renovation/repair of landed houses, multi- of the customer’s debts (Rahin) to the Bank (Murtahin).
level housing/flats, home offices or shophouses.
e. Purchase of lands along with the building materials for Gold Ownership
landed houses, multi-level housing/flats, home offices, or
shophouses (indent). Financing provided for the gold ownership with murabahah
f. Take over from other Banks or financial services institutions principle.
with additions and/or without additions (Top Up).
g. Top up for property renovations or other consumption Linkage Program
needs for existing customers.
BPRS is a financing facility given by the Bank to the BPRS
and/or its members by implementing the akad mudharabah
principle. PKPA/PKOP is a financing facility given by the Bank
to a cooperative and/ or its members by implementing the
akad mudharabah principle.
PT Bank Pembangunan Daerah Jawa Timur Tbk
88 2023 Annual Report
Page 91
COMPANY
PROFILE
Linkage Fintech Financing Debt Financing (Anjak Piutang) iB Barokah
Financing facilities provided to the customer via fintech Transfer service for settlement of shortterm receivables or claims
companies based on sharia principles. from corporates / sellers (customers) to the Bank, which then
collects the receivables from the debtors (Corporate Partners
Umroh iB Maqbulla / Buyers) which can be accompanied by short-term financing
facilities to the Corporate / Seller (Customer) designated as
Financing provided for Multiservice Financing for Umrah with bailout of corporate / seller (customer) liquidity needs in the
Ijarah principle. amount of receivables based on sharia principles.
Working Capital Financing for iB Barokah Financing Sindication
Property Construction
Financing provided by several banks or financial institutions
Working capital financing facilities provided by the Bank to the to meet the needs of an object of financing from customers
customer (Developer) who are or will be working on property in the form of investment and working capital, in which this
projects based on sharia principles. condition requires one of the syndicated participants to act as
the Lead Manager (Imamus Syarik) in handling and managing
iB Barokah Land Procurement Financing the syndicated financing.
Financing facility to purchase simple residential land whose Employee and Personal Financing
construction uses the Property Construction Financing facility
based on sharia principle. Financing facilities provided by the Bank to the Board of
Commissioners, Directors, Permanent Employees, Permanent
iB Barokah Contractor Financing Non- Career Employees, MLE, Prospective Employees,
Committee Members, Retired Employees and the Personal
Types and forms of financing: Loan Car Allowance Program (CAP), which are used for
a. Transactional financing is a working capital financing facility consumptive purposes and for other purposes as long as they
for the Contractor to complete a project based on a Work do not conflict with applicable legal regulations and based on
Contract with a certain limit where repayment of financing sharia principles.
comes from payment of the relevant Project terms based
on the sharia principles. Bank Guarantee
b. Line Facility is a working capital financing facility for the
contractor that can be disbursed on a revolving basis Guarantee service provided to the guaranteed party (customer)
per project if the customer/potential customer obtains a which contains the Bank’s obligation to pay to the party
project based on a work contract whose source of financing receiving the guarantee if the customer fails to promise based
payments mainly comes from the terms of the said project. on the kafalah contract.
Financing with Investment Associated with iB Halal Industrial Area Financing
Barokah (ITIB)
Halal industrial area financing was financing in the context of
Placement of a number of funds sourced from the owner of the purchasing new warehouse assets or new factories for individual
bound investment funds managed by the Bank as collateral for customers and/or MSMEs located in the Halal Industrial Area
financing provided to the Customer for a certain period based (KIH).
on a mudharabah muqayyadah contract.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 89
Page 92
Sharia People’s Business Credit (KUR) Financing Sipandai iB Barokah Savings
A working capital financing and/or investment to individual A savings product with the Wadi’ah principle aimed at people
customer/individual, business entities and/or business groups who don’t know, use and/or get banking services and other
that are productive and viable but do not have additional financial services, especially in East Java.
collateral or additional collateral is not sufficient and is carried
out in accordance with the sharia contracts. Student Savings
Sharia Fund Products and Services A savings product with the Wadi’ah principle aimed at students/
administrators in Islamic boarding schools whose withdrawals
Giro iB Barokah can only be made according to certain agreed conditions,
but cannot be withdrawn by check, giro, and/or other means
Savings products with the Wadi’ah principle and the equivalent to that.
Mudharabah principle, in which withdrawals could be made at
any time by using a Check/Bilyet Giro (BG), other means of Barokah Savings
payment orders or by way of transfer. In practice, the iB Barokah
Current Account was administered by Bank Jatim Syariah in an Savings product with the principle of Mudharabah (profit
account commonly called a Current Account. sharing) between the Bank and the Customer in accordance
with the agreed ratio, which withdrawals can be made at any
Tabungan Simpel iB time but cannot be withdrawn by check, demand deposit slip,
and/or other means equivalent to that.
“Simpanana Pelajar (Student Savings)” or SIMPEL became
a savings product based on the Wadi’ah principle that was iB Barokah Sejahtera Savings
exchanged for students under 17 years of age and who did not
yet have a ID card issued jointly by banks in Indonesia. It was easy This is a savings program that is combined with Barokah Savings
and simple account opening requirements as well as attractive and provides benefit in the form of goods as a reward and/
features, as an effort to educate and financial inclusion to or souvenir for opening iB Barokah Sejahtera Savings account.
encourage a culture of saving from an early age. The withdrawal The account holder will still obtain profit savings at the end of
could be made at any time and the bank was not required to the period.
provide compensation except in the form of a voluntary bonus.
Savings Hajj iB Amanah
Tabunganku iB
Savings products with the principle of Mudharabah (profit
Savings products with the Wadiah principle issued jointly by sharing) are intended for the general public who wish to
banks in Indonesia in which customer deposits were treated as carry out the pilgrimage where withdrawals can only be
safekeeping and withdrawals could be made at any time. As made according to certain agreed conditions, but cannot be
for the withdrawal, it could only be made according to certain withdrawn by check, giro, and/or other means equivalent to
agreed conditions, but could not be withdrawn by check, that.
demand deposit slip, and/or other means equivalent to that.
Saving Plan iB Barokah
Umroh iB Amanah Savings
Savings products with the principle of Mudharabah (profit
Tabungan Umroh iB Amanah or Umroh iB Amanah Savings sharing) intended for the general public who wish to save their
is aimed at public in general who wish to carry out umrah funds in order to realize all future plans and withdrawals cannot
pilgrimage. Withdrawal can only be made under certain be withdrawn by check, demand deposit slip, and/or other
requirements and cannot be done by checks, transfer forms, means equivalent to that.
and/ or other instruments equivalent to such mentioned before.
PT Bank Pembangunan Daerah Jawa Timur Tbk
90 2023 Annual Report
Page 93
COMPANY
PROFILE
iB Barokah Pension Savings JConnect Internet Banking
Savings products with the Mudharabah principle (profit sharing) It is an electronic channel (e-channel) service allowing the bank
are intended for retired customers in the IDR currency which to provide services to the customers through internet media
are used as a means of receiving pension payments for pension that can be accessed anytime and anywhere, comfortably and
fund channeling institutions. safely because it used dynamic PIN Token technology (always
changing for every transaction).
Barokah Deposits
JConnect Mobile Banking
Savings products with the Mudharabah principle (profit sharing)
where withdrawals can only be made at a certain time according It is one of Bank Jatim’s product and service innovations based
to the agreement between the Depositor and the Bank based one-channel, which allows the Bank to provide services to its
on the mudharabah principle. customers via mobile phones using a mobile application on the
Android and iOS platforms that use internet data packages for
Virtual Account transactions.
Virtual account is a service provided to the Bank’s customers Jconnect e-KMG
in the form of a facility to identify the receipt of payment of
customer’s bills to a counterparty. This is one of the online multipurpose / consumer loan
application service innovations for State Civil Apparatus (ASN)
Payment Point and employees whose payroll is at Bank Jatim. The application
for multipurpose loan is done online through an application
This is a cooperation between the Bank and a third party in based on Android and iOS.
order to receive bills payment through cash and non-cash
deposits. The bills covered by this program are, among others, JConnect e-Loan
telephone bills, electricity bills, and tuition fees.
This is one of the innovative online productive loan application
E-Channel (SMS Banking, J-Connect Mobile services for the general public. Productive loan applications are
dan J-Connect Internet Banking) made online through android and iOS-based applications.
The e-Channel service covers banking transaction activities Layanan Laku Pandai (SiPandai Bank Jatim)
through mobile phone or the Internet.
This particular service is a program from the Financial Services
Wakaf iB Barokah Authority (OJK) to facilitate communities that are not accessible
to banks (unbanked people). Bank Jatim collaborates with
Waqf services intended for the general public who wish to SiPandai agents to serve customers/communities in areas that
make waqf through projects that have been provided by Bank are not accessible by banks’ service offices to conduct cash
Jatim Syariah Nazhir partners. This service can be accessed by withdrawal transactions, transfers, cash deposits, and other
customers through Android and iOS applications where waqf transactions. SiPandai agents use Android based applications
payments are made through a virtual account that is connected to serve these customers/communities.
to the iB Barokah Giro account, Nazhir Bank Jatim Syariah
partner. Info Bank Jatim (14044)
E-Channel & Other Services Bank Jatim Info serves as the Bank’s Call Center with a phone
number or shortcode of 14044. Customers can contact this
SMS Banking (3366) number from house phones as well as from mobile phones.
It provides a wide range of information related to the Bank
SMS Banking is one of the innovations of e-Channel based Jatim’s products, services, and other relevant information.
products and services by Bank Jatim which enables the Bank
to provide services to its customers through mobile phones by
using both plain-text and mobile application modes.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 91
Page 94
Bank Jatim ATM Card and Debit Card E-Samsat Jatim
The Bank Jatim ATM card can be used for cash withdrawal Annual STNK (Vehicle Registration Letter) ratification services
transactions, telephone payments, water, PBB, electricity, and payment of Motor Vehicle Taxes and SWDKLLJ (Jasa
SMS Banking registration and transfers between Bank Jatim Raharja) for the East Java province through the e-Channel of
accounts, between accounts among members of ATM Bersama Bank Jatim, namely: ATMs, Tellers, PPOB, SiPANDAI Agents,
and ATM Prima, as well as balance checks and can be used for JConnect Mobile and JConnect Internet Banking, as well
shopping at merchants. -merchants bearing the GPN (National as other collecting agent channels such as the Tokopedia
Payment Gateway) logo. marketplace, the GoJEK online transportation application, and
the modern retail channel Indomaret.
Bank Jatim Flazz Card (Co-Branding)
Samsat Digital Nasional (Signal)
Multifunctional Card Based/Chip Based Electronic Money
using RFID technology so that transactions become faster and Annual STNK (Vehicle Registration Letter) validation services
more convenient. The result of the collaboration between Bank and payment of Motor Vehicle Taxes and SWDKLLJ (Jasa
Jatim Co-Branding and BCA. Raharja) throughout Indonesia through the e-Channel of Bank
Jatim and other banks that become the members of SIGNAL,
Safe Deposit Box namely: ATMs, Tellers, Mobile Banking and Internet Banking by
first accessing the SIGNAL application. Android and iOS based.
Safe Deposit Box is Bank Jatim’s service in the form of tenancy
of boxes specifically designed to store assets/ securities with Jatim Code QRIS
small, medium and large sizes.
The JConnect Mobile application can be used by customers
Civil Servants Electronic Card (KPE) to make purchases/payments by scanning QRIS installed at
merchants or stores that have QRIS installed, both East Java
Bank Jatim presents various supporting facilities to optimize Code QRIS and QRIS from other Payment System Service
the Civil Servants Electronic Card (KPE) function for banking Providers (PJSP). Jatim Code QRIS can also be scanned by
activities. KPE can also function as a Bank Jatim ATM card with applications from other PJSPs such as OVO, Shope Pay, Dana,
the exact same service as that of the other customers of Bank Gopay, and others.
Jatim.
BJTM Connect
Virtual Account
Leading technology that makes it easier for customers in every
Bank Jatim Virtual Account is a special identification number banking transaction with a strategic location, long operational
aimed for customer business partners as a payment tool for time and more flexibility with services on holidays.
business partners to customers. With every deposit made in
Bank Jatim Virtual Account, the system will automatically
record to the Main Account by including data of the Number
and Name of the Virtual Account.
PT Bank Pembangunan Daerah Jawa Timur Tbk
92 2023 Annual Report
Page 95
COMPANY
PROFILE
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 93
Page 96
Operating
Area
As of December 31, 2023, Bank Jatim owned 1 Head
Office and 1,819 office networks consisting of Branch
Offices, Sub-Branch Offices, Functional Offices,
Payment Points, Cash Cars/Counters and ATMs/CRM.
Table of Bank Jatim Offices per Region in 2023
Office Location KC KCP KK PP KM KCS KCPS KKS KLS PPS KMS ATM ATMS CRM CRMS
Surabaya 4 24 28 15 2 1 3 1 28 2 1 103 5 12 2
Banyuwangi 1 6 11 4 2 - 1 - 7 - - 28 1 4 -
Jember 1 6 6 5 - 1 - - 7 - 1 24 1 2 1
Malang 1 5 9 14 2 1 - 1 6 1 1 30 3 2 2
Madiun 1 5 9 7 1 1 - - 6 - 1 34 1 3 1
Kediri 1 7 9 9 2 1 - 1 8 1 1 30 2 1 2
Pamekasan 1 2 2 3 - - - - 3 - - 14 - 1 -
Bojonegoro 1 4 7 9 - - - - 5 - - 27 - 3 -
Lumajang 1 4 6 2 1 - - - 5 - - 22 - 3 -
Ngawi 1 8 4 3 2 - - - 9 - - 20 - 1 -
Jombang 1 3 7 7 1 - 1 - 4 - - 18 1 3 -
Kraksaan 1 2 5 2 1 - - - 3 - - 10 - 1 -
Probolinggo 1 3 3 2 2 - 1 - 4 - - 20 1 1 -
Blitar 1 5 7 13 1 - 1 1 6 - - 21 2 3 -
Tulungagung 1 4 5 5 1 - - - 5 - - 16 - 5 -
Tuban 1 5 4 3 - - - - 6 - - 24 - 1 -
Mojokerto 1 3 4 4 1 - 1 - 4 - - 24 1 1 -
Sumenep 1 2 4 4 - - - - 3 - - 20 - 1 -
PT Bank Pembangunan Daerah Jawa Timur Tbk
94 2023 Annual Report
Page 97
COMPANY
PROFILE
Table of Office Network for the last 5 years
Office Type 2023 2022 2021 2020 2019
Head Office (KP) 1 1 1 1 1
Conventional Branch Offices (KC) 41 41 41 41 41
Sharia Branch Office (KCS) 7 7 7 7 7
Conventional Sub Branch Office (KCP) 163 162 182 162 162
Sharia Sub-Branch Office (KCPS) 10 10 10 10 10
Functional Office (KK) 212 212 211 209 209
Sharia Functional Office (KKS) 4 3 2 - -
Sharia Service Office (KLS) 196 195 195 195 191
Payment Point (PP) 191 196 248 247 249
Payment Point Syaria (PPS) 8 8 8 9 10
Car Cash (KM) 32 36 97 92 92
Sharia Car Cash (KMS) 7 7 7 6 6
Automatic Teller Machine (ATM)* 828 815 780 753 742
Sharia Automatic Teller Machine (ATM) 26 26 25 24 23
Cash Recycle Machine (CRM) 84 58 51 25 -
Cash Recycle Machine (CRM) Syaria 10 7 7 2 -
Cash Deposit Machine (CDM) - - - - 2
Total 1.820 1.784 1.852 1.783 1.745
*Bank Jatim Automated Teller Machines (ATMs) are incorporated with 81,569 ATM BERSAMA network terminals, 101,313 PRIMA ATM terminals, 695,971 Electronic Data Capture
Office Location KC KCP KK PP KM KCS KCPS KKS KLS PPS KMS ATM ATMS CRM CRMS
Sampang 1 1 4 2 1 - 1 - 2 - - 13 1 1 -
Bangkalan 1 3 4 6 - - - - 4 - - 11 - 3 -
Pasuruan 1 7 5 7 1 - - - 8 - - 30 - 1 -
Nganjuk 1 4 5 14 1 - - - 5 - - 19 - 2 -
Trenggalek 1 3 6 3 - - - - 4 - - 19 - 1 -
Ponorogo 1 4 6 4 1 - - - 5 - - 21 - 2 -
Pacitan 1 3 2 3 1 - - - 4 - - 20 - 4 -
Gresik 1 5 6 3 1 1 - - 6 2 1 22 3 1 1
Sidoarjo 1 8 11 6 1 1 - - 9 2 1 43 3 1 1
Lamongan 1 5 5 7 2 - 1 - 6 - - 27 1 1 -
Situbondo 1 2 4 4 1 - - - 3 - - 20 - 4 -
Bondowoso 1 3 3 2 1 - - - 4 - - 17 - 4 -
Magetan 1 4 5 2 - - - - 5 - - 22 - 2 -
Kangean 1 - 1 - - - - - 1 - - 6 - 1 -
Jakarta 1 6 - - - - - - - - - 8 - 1 -
Batu 1 1 4 1 1 - - - 2 - - 11 - 2 -
Bawean 1 - 1 - - - - - 1 - - 6 - 1 -
Pare 1 2 2 - - - - - 3 - - 13 - 2 -
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 95
Page 98
Office Location KC KCP KK PP KM KCS KCPS KKS KLS PPS KMS ATM ATMS CRM CRMS
Kepanjen 1 4 8 1 1 - - - 5 - - 14 - 1 -
Batam 1 - - - - - - - - - - 1 - 1 -
Grand Total 41 163 212 191 32 7 10 4 196 8 7 828 26 84 10
As of December 31, 2023, Bank Jatim has 7,128 East Java Agents spread throughout East Java consisting of Legal Entity Agents
and Individual Agents.
Table of Conventional East Java Agent Networks for the last 3 years
Branch Name 2023 2022 2021
Bangkalan Branch 166 90 13
Banyuwangi Branch 224 31 23
Batu Branch 57 24 18
Bawean Branch 55 17 7
Blitar Branch 289 143 19
Bojonegoro Branch 166 55 24
Bondowoso Branch 254 160 33
Dr. Soetomo Branch 201 25 4
Gresik Branch 157 73 27
HR Muhammad Branch 195 32 7
Cabang Jember Branch 195 61 10
Jombang Branch 103 46 20
Kangean Branch 42 6 2
Cabang Kediri Branch 362 97 17
Kepanjen Branch 98 31 13
Kraksaan Branch 111 70 21
Lamongan Branch 228 99 20
Lumajang Branch 118 69 38
Madiun Branch 352 159 37
Magetan Branch 243 95 15
Malang Branch 133 49 33
Mojokerto Branch 132 101 22
Nganjuk Branch 195 90 32
Ngawi Branch 447 301 216
Pacitan Branch 181 98 27
Pamekasan Branch 46 40 16
Pare Branch 73 22 8
Pasuruan Branch 165 111 47
Perak Branch 165 51 23
Ponorogo Branch 192 38 15
Probolinggo Branch 123 29 12
Sampang Branch 86 34 24
Sidoarjo Branch 292 112 12
Situbondo Branch 99 19 11
PT Bank Pembangunan Daerah Jawa Timur Tbk
96 2023 Annual Report
Page 99
COMPANY
PROFILE
Branch Name 2023 2022 2021
Sumenep Branch 58 42 12
Trenggalek Branch 183 41 15
Tuban Branch 379 141 16
Tulungagung Branch 254 118 35
Main Branch 128 92 34
Grand Total 6.948 2912 978
Table of East Java Sharia Agent Network for 2023
Sharia Branch Total Agent
Surabaya Sharia Branch 44
Kediri Sharia Branch 24
Madiun Sharia Branch 10
Jember Sharia Branch 6
Malang Sharia Branch 39
Sidoarjo Sharia Branch 12
Gresik Sharia Branch 51
Total 186
Association
Membership List
As a financial services institution, Bank Jatim joined and was active in various associations or institutions that are relevant to the Bank’s
main business. Thus, the Bank can follow the latest developments, issues, or newest topics, as well as exchange information and
provide suggestions/inputs for mutual progress. During 2023, Bank Jatim joined the following associations/institutions as follows:
Association Name Year Joined Membership Status
Asosiasi Bank Pembangunan Daerah (Asbanda)/ Association of Regional Development Banks 1993 Member
Forum Komunikasi Dewan Komisaris BPD Se-Indonesia (FKDK-BPDSI)/ Indonesian BPD 2002 Member
Board of Commissioners Communication Forum
Asosiasi Emiten Indonesia (AEI)/ the Indonesian Issuers Association 2012 Member
FCSR Social Ministry 2016 Member
Forum Komunikasi Lembaga Jasa Keuangan Daerah (FK-LJKD)/ Regional Financial Services 2016 Member
Institution Communication Forum
Indonesian Corporate Secretary Association (ICSA) 2019 Member
Bank Jatim’s membership in organizations/associations had a strategic meaning. The Bank aligned with the latest developments
in the banking world and contributed knowledge and experience to members of organizations/associations. Bank Jatim did not
contribute financially beyond regular membership fees, including not contributing to politics or politicians.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 97
Page 100
Organizational
Structure
Along with the development of the Bank’s business, the Organizational Structure of Bank Jatim
Sharia Supervisory Board
has undergone several changes. Based on Board of Directors Decree No. 061/218/DIR/PRS/KEP Drs. KH. Afifuddin Muhajir, M.Ag
dated December 7, 2022 and Directors Circular No. 062/003/DIR/PRS/SE dated February 24, (Chairman), Dr. M. Saad IH, MA
(Dr. dr. Sukadiono, MM) (Member)***
2023, the following is the organizational structure of Bank Jatim as of December 31, 2023.
Director of Micro, Retail Director of Finance, Treasury Director of Risk Director of IT Director
and Medium and Global Services Management & Digital of Operation
R. Arief Wicaksono Edi Masrianto Eko Susetyono Zulhelfi Abidin Arif Suhirman
Director of Micro, Accounting and
Corporate Secretary Risk Management Information Operations
Retail and Medium Financial Management Technology
Wioga Adhiarma Aji Firman Iswahyudi M Suci Issumiyarti Handayanto (Pjs) Eko Tri Prasetyo
R. Deni Mahendra (Pjs)
(Pjs)
Internal Audit Treasury Digital Banking
Micro Loan Credit Risk Analyst General
Wardhana R. Wahyu M. Machfud Hidayat
Teguh Sunyoto (Pjs) Tedjasukmana (Pjs) Setya Erry Nugraha Herijadi Widodo
Suryaatmaja (Pjs)
International Banking Credit Restructuring Product
R. Wahyukusumo and Recovery Development
Wisnubroto Wahasta Hartadi Nur Eko Ardian
Security IT Loan Administration
Syaiful Bakhri (Pgs) Santoso
Directors SEVP
Conventional / Sharia
Division Unit Branch Offices
Management Staffing
ALCO Committee Risk Management Committee IT Committee
Committee
Busrul Iman (Chairman) Busrul Iman (Chairman) Busrul Iman (Chairman)
Busrul Iman (Chairman)
PT Bank Pembangunan Daerah Jawa Timur Tbk
98 2023 Annual Report
Page 101
COMPANY
PROFILE
General Meeting
of Shareholders
Audit Committee Risk Monitoring Committee
Board of Commissioners Sumaryono (Chairman) Muhammad Mas’ud (Chairman)
Adhy Karyono (Commissioner), Candra Fajri Ananda (Independent
Nomination & Remuneration Committee
Commissioner), Muhammad Mas’ud (Independent Commissioner),
Candra Fajri Ananda (Chairman)
Sumaryono (Independent Commissioner)
President Director
Busrul Iman
Director
of Complience
Tonny Prasetyo
Corporate, Syndicated Corporate
and Institutional Consumer Banking Sharia Business Network and Services
Transformation
Koerniawan Hermita Umi Rodiyah Revi Adiana Silawati
Budi Sumarsono
Prijambodo
Compliance Corporate Commercial Human Capital Network and Services
Putu Denny Credit and Syndicated Consumer Credit Sharia Business Slamet Purwanto
Mukhlison Agus Sastriono (Pjs) Misbakhul Iman (Pjs) Melvin (Pjs)
Hariwidyanta (Pjs) (Pjs)
Sharia Support Strategic Planning & Subsidiaries
Legal Funds and Services Work management
M. Pramudya Management
Mugni Nurachman Sis Maryadi Runita Pri Purwanti
Iskandar (Pjs) Glemboh Priambodo
(Pjs)
Policies and
Procedures
Herry Setya
Yudakka (Pjs)
Institutional
Relations
Retno Handayani
Subsidiaries
Product and Network
Credit Policy Committee
Credit Committee**** Committee
Busrul Iman (Chairman) Busrul Iman (Chairman)
Committee members under the Board of Commissioners as of 31 December 2023 are as follows:
1. Audit Committee: Sumaryono (Chairman), Muhammad Mas'ud (Member), Kusnadi (Member), dan Moch. Arifin (Member).
2. Remuneration and Nomination Committee: Muhammad Mas’ud (Chairman), Suprajarto (Member), Candra Fajri Ananda (Member), Sumaryono
(Member), Adhy Karyono* (Member) dan Slamet Purwanto** (Member).
3. Risk Monitoring Committee: Sumaryono (Chairman), Muhammad Mas’ud (Member) dan Sulam Andjar Rochim (Member).
* The term of office was effective after passing the fit and proper test by the Financial Services Authority (OJK) on November 24, 2023.
** The term of office started from December 28, 2023
*** There has been no announcement of passing the fit and propper test
**** Names of Credit Committee can be seen in the Corporate Governance Chapter
Names of Committee Members under the Board of Directors can be seen in the Corporate Governance Chapter.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 99
Page 102
Profile
of The Board of Directors
Busrul Iman
President Director
Citizenship : Indonesian citizens
Place and Born in Surabaya in 1964,
:
Date of Birth/Age 59 years old as of December 2023
Domicile : Surabaya
Educational • Bachelor of Economics in Accounting from STIE Indonesia (1986).
Background • Master in Strategic Management from Diponegoro University, Semarang (2005).
• Professional Accountant from the University of Jendral Sudirman, Purwokerto (2007).
Certification • Level 1 Risk Management Certification by the Risk Management Certification Agency (2006).
• Level 2 Risk Management Certification by the Risk Management Certification Agency (2008).
• Level 3 Risk Management Certification by the Risk Management Certification Agency (2012).
• Level 4 Risk Management Certification by the Professional Certification Organizing Body (2015).
• Level 5 Risk Management Certification by the Risk Management Certification Agency (2019).
• Maintenance of Level 5 Risk Management Certification by the Risk Management Certification Agency (2023).
• Training Executive Sharia Banking Certification by Muamalat Institute (2023)
Work Experience • Head of Meulaboh Branch, Banda Aceh Regional Office PT Bank Rakyat Indonesia (Persero) Tbk (1995-1998).
• Head of Rantau Prapat Branch, Medan Regional Office PT Bank Rakyat Indonesia (Persero) Tbk (1998-2001).
• Head of Tuban Branch Surabaya Regional Office PT Bank Rakyat Indonesia (Persero) Tbk (2001–2004).
• Head of Banjarnegara Branch, Yogyakarta Regional Office PT Bank Rakyat Indonesia (Persero) Tbk (2004–2007).
• Head of Solo Branch, Yogyakarta Regional Office PT Bank Rakyat Indonesia (Persero) Tbk (2007-2009).
• Head of Madiun Branch Malang Regional Office PT Bank Rakyat Indonesia (Persero) Tbk (2009-2010).
• Head of Malang Kawi Branch, Malang Regional Office PT Bank Rakyat Indonesia (Persero) Tbk (2010-2012).
• Deputy Regional Head of Operations for the Palembang Regional Office of PT Bank Rakyat Indonesia (Persero) Tbk (2012-2013).
• Deputy Regional Head of Business Division for the Palembang Regional Office of PT Bank Rakyat Indonesia (Persero) Tbk (2013-2014).
• Deputy Regional Head of Business Division for the Lampung Regional Office of PT Bank Rakyat Indonesia (Persero) Tbk (2014-2015).
• Head of Credit Restructuring & Settlement Division for Credit Risk Control at Head Office PT Bank Rakyat Indonesia (Persero) Tbk
(2015-2017).
• Head of Malang Regional Office PT Bank Rakyat Indonesia (Persero) Tbk (2017-2018).
• Head of Policy & Human Capital Development Division Head Office PT Bank Rakyat Indonesia (Persero) Tbk (2018-2019).
• Head of Surabaya Regional Office PT Bank Rakyat Indonesia (Persero) Tbk (2019).
• Commercial and Corporate Director of PT Bank Pembangunan Daerah Jawa Timur Tbk (2019 - 2020).
• President Director of PT Bank Pembangunan Daerah Jawa Timur Tbk (2020-present).
Legal Basis of Appointed as Commercial and Corporate Director for the first time at the EGMS of PT Bank Pembangunan Daerah Jawa Timur Tbk
Appointment on June 19, 2019. Passed the Fit and Proper Test and was approved by the Financial Services Authority (OJK) as Commercial and
Corporate Director based on a copy of the decision of the members of the Board of Commissioners of the Service Authority Finance
(OJK) No. KEP-191/D.03/2019 October 11, 2019.
Appointed as President Director at the EGMS of PT Bank Pembangunan Daerah Jawa Timur Tbk on July 23, 2020. Passed the Fit
and Proper Test and was approved by the Financial Services Authority as President Director based on a copy of the Decision of the
Board of Commissioners of the Financial Services Authority No. Kep-44/D.03/2020 April 30, 2020.
Appointed as PGS Director of Commercial and Corporation of PT Bank Pembangunan East Java Tbk since the issuance of a
Decree on August 3, 2020 based on a Decree of the Board of Commissioners Member No. 059/008/DK/KEP/2020
Period of Office • 2019 Until the closing of the Annual GMS for Fiscal Year 2020 (First Period).
• 2020 Until the closing of the Annual GMS for Fiscal Year 2024 (Second Period).
Double Function • Chairman of the Asset Liabilities Committee (ALCO) Bank Jatim
• Chairman of the Bank Jatim Risk Management Committee
• Chairman of the Information Technology Steering Committee (ITSC) Bank Jatim
• Chair of the Bank Jatim Credit Policy Committee
• Chairman of the Bank Jatim Product Committee
• Chair of the Bank Jatim Network Committee
• Chairman of the Bank Jatim Personnel Management Committee
• Risk Function Groups on the Credit Committee except Credit Lines to Corporations (as a Business Function Group) Bank Jatim
Bank Jatim Share 2.958.900 shares
Ownership
PT Bank Pembangunan Daerah Jawa Timur Tbk
100 2023 Annual Report
Page 103
COMPANY
PROFILE
Tonny Prasetyo
Director of Compliance
Citizenship : Indonesian citizens
Place and Born in Malang in 1969,
:
Date of Birth/Age 54 years as of December 2023.
Domicile : Mojokerto
Educational • Bachelor of Agriculture from Darul Ulum University, Jombang (1995).
Background • Master in Management from Dr. Soetomo, Surabaya (2019)
Certification • Level 1 Risk Management Certification by the Risk Management Certification Agency (2007).
• Level 2 Risk Management Certification by the Risk Management Certification Agency (2009).
• Level 3 Risk Management Certification by the Risk Management Certification Agency (2011).
• Level 4 Risk Management Certification by the Risk Management Certification Agency (2017).
• General Banking Level 3 by the Banking Professional Certification Institute (2018).
• Level 5 Risk Management Certification by the Risk Management Certification Agency (2019).
• General Banking Level 3 by the Banking Professional Certification Institute (2022).
• Refreshment of General Banking Level III by the Indonesian Banking Development Institute (2022).
Work Experience • Situbondo Branch Manager of PT Bank Pembangunan Daerah Jawa Timur Tbk (2012).
• Situbondo Branch Manager of PT Bank Pembangunan Daerah Jawa Timur Tbk (2013).
• Head of Blitar Branch of PT Bank Pembangunan Daerah Jawa Timur Tbk (2013–2014).
• Head of the Kediri Branch of PT Bank Pembangunan Daerah Jawa Timur Tbk (2014).
• Head of Loans at Main Branch PT Bank Pembangunan Daerah Jawa Timur Tbk (2014–2015).
• Head of Sharia Business Division at PT Bank Pembangunan Daerah Jawa Timur Tbk (2015).
• Head of General Division of PT Bank Pembangunan Daerah Jawa Timur Tbk (2015–2016).
• Director of IT and Operations at PT Bank Pembangunan Daerah Jawa Timur Tbk (2019 – 2022).
• Director of Operations PT Bank Pembangunan Daerah Jawa Timur Tbk (2022)
• Acting Compliance Director of PT Bank Pembangunan Daerah Jawa Timur Tbk (2022 – 2023).
• Director of Compliance of PT Bank Pembangunan Daerah Jawa Timur (2023 – present).
Legal Basis of Appointed as Director of IT and Operations for the first time at the General Meeting of Shareholders (GMS) of PT Bank
Appointment Pembangunan Daerah Jawa Timur Tbk on June 19, 2019, Passed the Fit and Proper Test and was declared effective
by the Financial Services Authority (OJK) as Director of Information Technology and Operations based on the Decree
of Members of the Board of Commissioners of the Financial Services Authority (OJK) No. KEP-190/D.03/2019 October
11, 2019. Then he was appointed Director of Operations based on the Extraordinary General Meeting of Shareholders
(EGMS) of PT Bank Pembangunan Daerah Jawa Timur Tbk on December 7 2022. Based on the Decree of the Board
of Commissioners No. 061/10/DKM/KEP dated December 13, 2022, he was appointed as temporary replacement for
Compliance Director. Based on the Annual General Meeting of Shareholders for the 2022 Fiscal Year dated April 12,
2023, he was appointed as Director of Compliance, and based on the Decree of the Board of Commissioners Number
062/02/DKM/KEP dated April 12, 2023, concerning the Appointment of a Temporary Replacement and Division of
Duties of the Directors of PT Bank Pembangunan Daerah East Java Tbk, he was appointed as a temporary replacement
for the Compliance Director. He served as Compliance Director effective since passing the fit and proper test by the
Financial Services Authority on May 26, 2023.
Period of Office 2019 – Until the closing of the Annual GMS for Fiscal Year 2023 (First Period).
Double Function • Non-Permanent Member of the Asset Liabilities Committee (ALCO) Bank Jatim
• Permanent Member of the Information Technology Steering Committee (ITSC) Bank Jatim
• Permanent Members of Bank Jatim Risk Management Committee
• Members of Bank Jatim Personnel Management Committee
• Non -permanent Members of Bank Jatim Credit Policy Committee
• Permanent Members of the Bank Jatim Product Committee
Bank Jatim Share 1.067.400 shares
Ownership
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 101
Page 104
Edi Masrianto
Director of Finance, Treasury & Global Services
Citizenship : Indonesian citizens
Place and Born in Lumajang in 1964,
:
Date of Birth/Age 59 years old as of December 2023
Domicile : Surabaya
Educational • Bachelor of Management Economics from Jember University (1989).
Background • Master in Agribusiness Management from Gadjah Mada University (2004).
Certification • Advance Methods for Managing Interest Rate & Liquidity Risk oleh Euromoney Training (2004).
• Level 1 Risk Management Certification by the Risk Management Certification Agency (2006).
• Level 2 Risk Management Certification by the Risk Management Certification Agency (2009).
• Level 3 Risk Management Certification by the Banking Professional Certification Institute (2013).
• Risk Management Assessor Certification by BARA (2014).
• Funding Basic Certification by SPPI (2015).
• Treasury Advance Certification by the Banking Professional Certification Institute (2017).
• Level 4 Risk Management Certification by the Banking Professional Certification Institute (2020).
• Level 5 Risk Management Certification by Garp (Global Association of Risk Professionals) Jakarta (2021 ).
• Treasury Dealer Certification by BNSP (2022).
• Risk Management Certification Refreshment Program by Strategic Risk Management for Banking (SDG) (2023).
Work Experience • Head of Trade Finance Product Development & Marketing - International Division PT Bank Rakyat Indonesia (Persero)
Tbk (2008-2010).
• Head of Treasury Division (Chief Global Market) PT Bank Rakyat Indonesia (Persero) Tbk (2010-2012).
• Deputy Head of Treasury Division PT Bank Rakyat Indonesia (Persero) Tbk (2013-2014).
• Head of International Business Division PT Bank Rakyat Indonesia (Persero) Tbk (2014-2015).
• Head of Treasury Business Division PT Bank Rakyat Indonesia (Persero) Tbk (2015-2018).
• Chairman of the Workers Welfare Foundation PT Bank Rakyat Indonesia (Persero) Tbk (2018-2020).
• Director of Finance and HR of PT Garam Persero (2020-2021).
• Director of Finance, HR & Risk Management of PT Garam Persero (2021-2022).
• Acting President Director of PT Garam Persero (2021-2022).
• Commercial and Corporate Director of PT Bank Pembangunan Daerah Jawa Timur Tbk (2022).
• Director of Finance, Treasury & Global Services PT Bank Rakyat Indonesia (Persero) Tbk (2022 – Present).
Legal Basis of Appointed as Commercial and Corporate Director for the first time at the General Meeting of Shareholders (GMS) on March
Appointment 17, 2022, Passed the Fit and Proper Test by the Financial Services Authority as Commercial and Corporate Director based on a
copy of the Decree of Members of the Service Authority’s Board of Commissioners Finance (OJK) No. KEP-4/D.03/2022 Dated
January 19, 2022. Based on Deed no. 23 dated December 7, 2022 concerning the Minutes of the 2022 Extraordinary General
Meeting of Shareholders (GMS), there was a change in the nomenclature of the Directors’ positions from Commercial and
Corporate Director to Finance, Treasury & Global Services Director.
Period of Office 2022 – Until the closing of the Annual GMS for Fiscal Year 2026 (First Period).
Double Function • Alternate Chair of the Bank Jatim ALCO Committee
• Permanent Member of the Bank Jatim Risk Management Committee
• Member of the Bank Jatim Personnel Management Committee
• Permanent Member of the Bank Jatim IT Committee
• Bank Jatim Credit Committee Business Function Group
• Permanent Member of the Bank Jatim Credit Policy Committee
• Permanent Member of the Bank Jatim Product Committee
Bank Jatim Share 327.600 shares
Ownership
PT Bank Pembangunan Daerah Jawa Timur Tbk
102 2023 Annual Report
Page 105
COMPANY
PROFILE
R. Arief Wicaksono
Director of Micro, Retail & Medium
Citizenship : Indonesian citizens
Place and Born in Banyuwangi in 1970,
:
Date of Birth/Age 53 years old as of December 2023.
Domicile : Surabaya
Educational • Bachelor of Electrical Engineering from the 10 November Institute of Technology (ITS) Surabaya (1996).
Background • Master of Management from Dr Sutomo University (Unitomo) Surabaya (2020).
Certification • Level 1 Risk Management Certification by the Risk Management Certification Agency (2010).
• Level 2 Risk Management Certification by the Risk Management Certification Agency (2010).
• Level 3 Risk Management Certification by the Risk Management Certification Agency (2012).
• Level 4 Risk Management Certification by the Risk Management Certification Agency (2017).
• Level 5 Risk Management Certification by the Risk Management Certification Agency (2021).
• Treasury Dealer Competency Certification (Basic) by Association Cambiste International ACI FMA (2018)
• Treasury Dealer Competency Certification (Intermediate) by Association Cambiste International ACI FMA (2018)
• Treasury Dealer Competency Certification (Advance) by Association Cambiste International ACI FMA (2018)
Work Experience • Head of Bank Jatim Bondowoso Branch (2015 - 2017).
• Head of Bank Jatim Banyuwangi Branch (2017 - 2018).
• Head of Bank Jatim Treasury Division (2018 - 2018).
• Head of Bank Jatim Information Technology Division (2018 - 2021).
• Head of Bank Jatim Sharia Business Division (2021 - 2022).
• Director of Consumer, Retail and Sharia Business at PT Bank Pembangunan Daerah Jawa Timur Tbk (2022).
• Director of Micro, Retail and Medium Enterprises PT Bank Pembangunan Daerah Jawa Timur Tbk (2022 - present)
Legal Basis of Appointed as Director of Consumer, Retail and Sharia Business for the first time at the General Meeting of Shareholders (GMS)
Appointment on March 17, 2022, Passed the Fit and Proper Test by the Financial Services Authority as Director of Consumer, Retail and
Sharia Business based on a copy Decree of Members of the Board of Commissioners of the Financial Services Authority No.
KEP-3/D.03/2022 Dated January 19, 2022. Based on Deed no. 23 dated December 7, 2022 concerning Minutes of the 2022
Extraordinary General Meeting of Shareholders (GMS) of PT Bank Pembangunan Daerah Jawa Timur Tbk, there was a change in
the nomenclature of the Directors’ positions from Director of Consumer, Retail, and Sharia Business to Director of Micro, Retail,
and Medium.
Period of Office 2022 – Until the closing of the Annual GMS for Fiscal Year 2026 (First Period)
Double Function • Permanent Member of the ALCO Bank Jatim Committee
• Permanent Member of the Bank Jatim Risk Management Committee
• Member of the Bank Jatim Personnel Management Committee
• Permanent Member of the Bank Jatim IT Committee
• Bank Jatim Credit Committee Business Function Group
• Alternate Chair of the Bank Jatim Credit Policy Committee
• Permanent Member of the Bank Jatim Product Committee
Bank Jatim Share 728.200 lembar shares
Ownership
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 103
Page 106
Eko Susetyono
Director of Risk Management
Citizenship : Indonesian citizens
Place and Born in Jakarta in 1965,
:
Date of Birth/Age 58 years old as of December 2023.
Domicile : Surabaya
Educational • Bachelor in Food Technology and Nutrition from the Bogor Agricultural Institute (1985).
Background • Master in Corporate Finance and Investment from Washington University (2000).
• Doctor of Management and Business, Institut Pertanian Bogor (2019 - present)
Certification • Level II (Two) Risk Management Certification (2006).
• Level 3 Banking Risk Management Certification (2012).
• Risk Management Certification: Icaap Program (2012).
• Level 4 Banking Risk Management Certification (2014).
• Certified in Enterprise Risk Governance (CERG), ERMA Professional Provisions Program (2016).
• Intl CWM Program : In-house BRI Batch 1 (2019).
• Level 5 Banking Risk Management Certification (2022).
• Risk Management Certification Refreshment (BSMR Level 5) by Strategic Development Group (2023).
Work Experience • AVP Project Office Base II - Credit Risk, PT Bank Rakyat Indonesia (Persero) Tbk (2006–2009).
• AVP Operasional Risk Management Dept, PT Bank Rakyat Indonesia (Persero) Tbk (2010–2012).
• AVP Market, Liqiudity and Enterprise Risks PT Bank Rakyat Indonesia (Persero) Tbk (2012–2017).
• VP Operational, Market and Liquidity Risk Management PT Bank Rakyat Indonesia (Persero) Tbk (2017–2019).
• SEVP Risk Management Directorate PT Pegadaian (Persero) (2019–2022).
• Director of Risk Management PT Bank Pembangunan Daerah Jawa Timur Tbk (2022–Present)
Legal Basis of Appointed as Director of Risk Management for the first time at the Extraordinary General Meeting of Shareholders (EGMS) on 7
Appointment December 2022, Passed the Fit and Proper Test and was declared effective by the Financial Services Authority (OJK) as Director
of Risk Management based on a copy of the decision of the members of the Board of Commissioners of the Services Authority
Finance (OJK) No. KEP-184/D.03/2022 November 30, 2022.
Period of Office 2022 – Until the closing of the Annual GMS for Fiscal Year 2026 (First Period)
Double Function • Permanent Member of the Bank Jatim ALCO Committee
• Alternate Chair of the Bank Jatim Risk Management Committee
• Member of the Bank Jatim Personnel Management Committee
• Permanent Member of the Bank Jatim IT Committee
• Bank Jatim Credit Committee Risk Function Group
• Non-Permanent Member of the Bank Jatim Credit Policy Committee
• Permanent Member of the Bank Jatim Product Committee
Bank Jatim Share 124.100 shares
Ownership
PT Bank Pembangunan Daerah Jawa Timur Tbk
104 2023 Annual Report
Page 107
COMPANY
PROFILE
Zulhelfi Abidin
Director of IT and Digital
Citizenship : Indonesian citizens
Place and Born in Bukittinggi in 1962,
:
Date of Birth/Age 61 years old as of December 2023.
Domicile : Surabaya
Educational • Bachelor of Informatics Engineering from the Bandung Institute of Technology (1987).
Background • Master in Computer Science from University of Wollongong Australia (1996)
Certification • Level 1 Risk Management Certification by the Risk Management Certification Agency (2006).
• Executive Overview of Islamic Banking oleh LPPI (2011).
• Banking Risk Management Certification 4th level by LSPP (2012).
• Banking Risk Management Certification 5th level by LSPP (2015).
• Swift International Banking Operation Seminar by Swift International Banking Operation Seminar (2016).
• Executive Leadership Program by Kementrian BUMN (2017).
• Executive Education C-Level Data Analytic - Kellog School Of Management (2019).
• Risk Management Certification Refreshment Program by Strategic Development Group (2023).
Work Experience • Assistant Lecturer and Researcher at the Computer Assisted Instruction Laboratory at the University of Indonesia Science
Center (1987–1990).
• Head of IT Development Division at PT Bank Bukopin (1990–1992).
• System Analyst of the Indonesian Development Bank (1992–1997).
• Head of Information Technology and Information Systems Division of PT. Bank Bukopin (1997–2007).
• President Commissioner of PT Bringin Gigantara (2006 –2012).
• Head of Information Technology and Information Systems Division of PT Bank Rakyat Indonesia (2007 – 2014).
• Commissioner of BRI Syariah (2012–2015).
• Senior Executive Vice President of PT Bank Rakyat Indonesia (2014–2015).
• Director of IT & Operation of PT Bank Rakyat Indonesia (2015–2017).
• Director of Network & IT Solution of PT Telkom Indonesia (2017–2020).
• President Commissioner of PT Sigma Cipta Caraka (2018 –2019).
• President Commissioner of PT Infrastructure Telekomunikasi Indonesia (2019 –2020).
• Senior IT System Advisor PT R17 (2021–2022).
• President Commissioner of PT Digital Prima Sejahtera (2022).
• IT & Digital Director of PT Bank Pembangunan Daerah Jawa Timur Tbk (2022–Present).
• Acting Director of Operations at PT Bank Pembangunan Daerah Jawa Timur Tbk (2022-2023).
Legal Basis of Appointed as Director of IT & Digital for the first time at the Extraordinary General Meeting of Shareholders of PT Bank
Appointment Pembangunan Daerah Jawa Timur Tbk on December 7, 2022. Passed the Fit and Proper Test by the Financial Services Authority
on November 30, 2022. Based on Decree of the Board of Commissioners Number 061 /10/DKM/KEP dated December 13, 2022
and Board of Commissioners Decree No. 062/02/DKM/KEP dated April 12, 2023, concerning the Appointment of Temporary
Replacements and Distribution of Duties of the Directors of PT Bank Pembangunan Daerah Jawa Timur Tbk, he was appointed
as temporary replacement for the Operations Director.
Period of Office 2022 – Until the closing of the Annual GMS for Fiscal Year 2026 (First Period).
Double Function • Permanent member of the Bank Jatim ALCO Committee
• Permanent member of the Bank Jatim Risk Management Committee
• Member of the Bank Jatim Personnel Management Committee
• Alternate Chair of the Bank Jatim IT Committee
• Bank Jatim Credit Committee Risk Function Group
• Permanent Member of the Bank Jatim Credit Policy Committee
• Alternate Chair of the Bank Jatim Product Committee
Bank Jatim Share 24.200 shares
Ownership
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 105
Page 108
Arif Suhirman
Director of Operations
Citizenship : Indonesian citizens
Place and Born in Kediri in 1966,
:
Date of Birth/Age 57 years old as of December 2023
Domicile : Surabaya
Educational • Bachelor of Accounting from Brawijaya University, Malang (1991).
Background • Master of Management and Business from Bogor Agricultural Institute (2007).
Certification • Qualified Internal Audit (2000)
• Certified Wealth Manager oleh Certified Wealth Managers Association (2015).
• Qualified Risk Governance Professional (QRGP) by the Professional Certification Institute - Mitra Kalyana Sejahtera (LSP
MKS) (2020).
Work Experience • Head of Rantau Branch, Banjarmasin Regional Office of PT Bank Rakyat Indonesia (Persero) Tbk (2007-2009).
• Head of Bandung Setiabudi Branch, Bandung Regional Office of PT Bank Rakyat Indonesia (Persero) Tbk (2009-2010).
• Head of Jakarta Cempaka Mas Branch, Jakarta Regional Office 1 of PT Bank Rakyat Indonesia (Persero) Tbk (2010-2011).
• Head of Krekot Branch for Jakarta Region of PT Bank Rakyat Indonesia (Persero) Tbk (2011-2012).
• Head of Bandung Asia Africa Branch of PT Bank Rakyat Indonesia (Persero) Tbk (2012-2013).
• Head of Jakarta Veteran Branch of PT Bank Rakyat Indonesia (Persero) Tbk (2013-2014).
• Deputy Regional Head for Funds and Operations for Jakarta Regional Office 1 of PT Bank Rakyat Indonesia (Persero) Tbk
(2015-2016).
• Deputy Regional Leader for Business Sector for Jakarta Regional Office 1 of PT Bank Rakyat Indonesia (Persero) Tbk
(2016-2017).
• Acting Head of Social Entrepreneurship Division at PT Bank Rakyat Indonesia (Persero) Tbk (2017-2018).
• Acting Head of Institution Division 1 at PT Bank Rakyat Indonesia (Persero) Tbk (2018-2019).
• Head of Special Branch, Special Branch Office of PT Bank Rakyat Indonesia (Persero) Tbk (2019-2020).
• Business Director of PT BRI Asuransi Indonesia (2020-2021).
• Head of Internal Audit at Jayapura Regional Office of PT Bank Rakyat Indonesia (Persero) Tbk (2021-2022).
• Operations Director of PT Bank Pembangunan Daerah Jawa Timur Tbk (2023-present).
Legal Basis of Appointed as Director of Operations for the first time at the 2022 Annual GMS on April 12, 2023, and was declared effective
Appointment since passing the fit and proper test by the Financial Services Authority as stated in the Decree of Members of the Board of
Commissioners of the Financial Services Authority Number KEPR-132/D.03/2023 dated October 11, 2023.
Period of Office 2023 – Until the closing of the Annual GMS for Fiscal Year 2027 (First Period).
Double Function • Permanent member of the Bank Jatim ALCO Committee
• Permanent member of the Bank Jatim Risk Management Committee
• Member of the Bank Jatim Personnel Management Committee
• Permanent Member of the Bank Jatim IT Committee
• Bank Jatim Credit Committee Risk Function Group
• Permanent Member of the Bank Jatim Credit Policy Committee
• Alternate Chair of the Bank Jatim Product Committee
• Chairman I of the Bank Jatim Network Committee
Bank Jatim Share Did not have shares in Bank Jatim
Ownership
PT Bank Pembangunan Daerah Jawa Timur Tbk
106 2023 Annual Report
Page 109
COMPANY
PROFILE
Affiliate Relations of Members of The Board Of Directors
Table of Directors Affiliation Relations
Financial Relations, Family and Board of Directors Management
Financial Relations With Family Relations With
Management
Board of Controlling Board of Controlling Relations
Name Position Commissioners
Directors
shareholders Commissioners
Directors
shareholders
Yes No Yes No Yes No Yes No Yes No Yes No Yes No
Busrul Iman President Director √ √ √ √ √ √ √
Tonny Prasetyo Director of √ √ √ √ √ √ √
Compliance
Edi Masrianto Director of Finance, √ √ √ √ √ √ √
Treasury and Global
Services
R. Arief Director of Micro, √ √ √ √ √ √ √
Wicaksono Retail and Medium
Eko Susetyono Director of Risk √ √ √ √ √ √ √
Management
Zulhelfi Abidin Director of IT and √ √ √ √ √ √ √
Digital
Arif Suhirman Director of √ √ √ √ √ √ √
Operations
Education and/or Training of The Board of Directors
The description of the education and/or training of the board of Directors Fiscal Year is presented in the Chapter of Corporate
Governance.
Changes in The Composition of The Members of The Board of Directors and The
Reasons for The Changes
During 2023, there was a change in the composition of the members of the Board of Directors. Changes in the composition of
members of the Board of Directors were made based on the needs of the Bank. Changes in the composition of the members of the
Board of Directors are as follows:
Composition of The Board of Directors Before The Annual GMS for Financial Year 2022
The composition of the Board of Directors of Bank Jatim prior to the 2022 Annual GMS was 6 (six) people consisting of 1 (one) Main
Director and 5 (five) Directors. All Directors were domiciled in East Java Province. The composition and basis for the appointment of the
Board of Directors can be seen in the table below:
Table of Composition and Basis for Appointment of the Board of Directors before the 2023 Annual GMS
Name Position Executor Basis of Appointment Effective date
Busrul Iman President Director OJK Extraordinary GMS on July 23, 2020 July 23, 2020
Tonny Prasetyo*) OJK Extraordinary GMS on June 19, 2019 and October 11, 2019
Director of Operation changes in nomenclature based on the
Extraordinary GMS on December 7, 2022
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 107
Page 110
Name Position Executor Basis of Appointment Effective date
Edi Masrianto OJK Annual GMS March 17, 2022 and changes January 19, 2022
Director of Finance, Treasury and
in nomenclature based on the Extraordinary
Global Services
GMS on December 7, 2022
R. Arief Wicaksono OJK Annual GMS March 17, 2022 and changes January 19, 2022
Director of Micro, Retail and
in nomenclature based on the Extraordinary
Medium
GMS on December 7, 2022
Zulhelfi Abidin**) Director of IT and Digital OJK Extraordinary GMS on December 7, 2022 November 30, 2022
Eko Susetyono Director of Risk Management OJK Extraordinary GMS on December 7, 2022 November 30, 2022
*) appointed as a temporary substitute for the Director of Compliance, so that the position of Operations Director was temporarily released to fulfill the independence aspect.
**) appointed to double as the Director of Operations. This is in accordance with the Decree of the Board of Commissioners No.061/10/DKM/KEP on December 13, 2022.
Composition of The Board of Directors After The Annual GMS for Financial Year 2022
On April 12, 2023, the 2022 Annual GMS approved and appointed Tonny Prasetyo as Compliance Director and Arif Suhirman as
Operations Director. So, the composition of the Board of Directors of Bank Jatim after the Annual GMS for the 2023 Fiscal Year was
7 (seven) people consisting of 1 (one) President Director and 6 (six) Directors. All Directors were domiciled in East Java Province. The
composition and the basis of appointment of the Board of Directors can be seen in the table below:
Table of Composition and Basis for Appointment of Directors After the Extraordinary GMS in 2022
Name Position Executor Basis of Appointment Effective date
Busrul Iman President Director OJK Extraordinary GMS on July 23, 2020 July 23, 2020
Tonny Prasetyo Director of Compliance OJK Annual GMS on April 12, 2023 May 26, 2023
Edi Masrianto OJK Annual GMS March 17, 2022 and changes January 19, 2022
Director of Finance, Treasury and
in nomenclature based on the Extraordinary
Global Services
GMS on December 7, 2022
R. Arief Wicaksono OJK Annual GMS March 17, 2022 and changes January 19, 2022
Director of Micro, Retail and
in nomenclature based on the Extraordinary
Medium
GMS on December 7, 2022
Zulhelfi Abidin Director of IT and Digital OJK Extraordinary GMS on December 7, 2022 November 30, 2022
Eko Susetyono Director of Risk Management OJK Extraordinary GMS on December 7, 2022 November 2022
Arif Suhirman Director of Operational OJK Annual GMS on April 12, 2023 October 11, 2023
PT Bank Pembangunan Daerah Jawa Timur Tbk
108 2023 Annual Report
Page 111
COMPANY
PROFILE
Profile
of The Board of Commissioners
Suprajarto*
President Commissioner
Citizenship : Indonesian citizens
Place and Born in Yogyakarta in 1956,
:
Date of Birth/Age 67 years old as of December 2023.
Domicile : Jakarta
Educational • Bachelor of Economics from the National Development University “Veteran” Yogyakarta (1982).
Background • Master in Marketing Management from Padjadjaran University (2001).
• Doctorate in Business Management from Padjadjaran University (2014)
Certification Risk management certification refreshment program (2022)
Work Experience • Branch Manager of Bank Rakyat Indonesia (1999-2001).
• Vice Regional of Manager PT Bank Rakyat Indonesia (Persero) Tbk (2001-2005).
• Corporate Secretary of PT Bank Rakyat Indonesia (Persero) Tbk (2005-2006).
• Regional Manager of PT Bank Rakyat Indonesia (Persero) Tbk (2006-2007).
• Network and Servce Director of PT Bank Rakyat Indonesia (Persero) Tbk (2007-2015).
• Vice President Director of PT Bank Negara Indonesia (Persero) Tbk (2015-2017).
• President Director of PT Bank Rakyat Indonesia (Persero) Tbk (2017-2019).
• President Commissioner of PT Bank Pembangunan Daerah Jawa Timur Tbk (2022-2023)
Legal Basis of Appointed as President Commissioner for the first time at the annual General Meeting of Shareholders (GMS) of PT Bank
Appointment Pembangunan Daerah Jawa Timur Tbk. financial year 2021 March 17, 2022. Passed the Fit and Proper Test and was declared
effective by the Financial Services Authority as President Commissioner based on a copy of the Decision of Members of the
Board of Commissioners of the Financial Services Authority (OJK) Number KEP-5/D.03/2022 dated January 19, 2022.
Period of Office 2022 – December 19, 2023 (First Period).
Double Function Member of the Remuneration & Nomination Committee (2022 – December 19, 2023).
Bank Jatim Share 191.000 shares
Ownership
* Mr. Suprajarto (President Commissioner) stopped serving as President Commissioner on December 19, 2023 (died). Currently, the duties and responsibilities of the President
Commissioner are carried out by members of the Board of Commissioners.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 109
Page 112
Candra Fajri Ananda
Independent Commissioner
Citizenship : Indonesian citizens
Place and Born in Lumajang in 1964,
:
Date of Birth/Age 59 years old as of December 2023.
Domicile : Batu, Malang
Educational • Bachelor’s degree in Economics from Brawijaya University (1988).
Background • Master (MSc.) Institute of Rural Development dari University of Gottingen, Jerman (1994).
• Doctor (Ph.D) Institute of Rural Development dari University of Göttingen, Jerman (1998).
Certification • Strengthening Preparedness for the Fit and Proper Test for Independent Commissioner candidates held by Sustainable
Development Goals (2018).
• Board of Commissioners Level 2 Risk Management Certification held by the Risk Management Certification Agency on
(2018).
• Risk management certification refreshment program (2022).
Work Experience • Public Sector Development Consultant in Post-Conflict Areas, World Bank (2003-2004).
• Regional Planning Advisory Council, East Java Province (2003-2012).
• Member of TADF (Ministry of Finance’s Fiscal Decentralization Assistance Team), Ministry of Finance (2008-2014).
• Chairman of the Association of Indonesian Economic Bachelors in Malang (2010-present).
• Dean of the Faculty of Economics and Business Universitas Brawijaya (2013–2017).
• Lecturer of Master’s Degree KPS, Master’s Degree KPS Faculty of Economics and Business Universitas Brawijaya (1989 -
present).
• Independent Commissioner of PT Bank Pembangunan Daerah Jawa Timur Tbk (2018-present).
• Special Staff to the Minister of Finance of the Republic of Indonesia (2019-present)
Legal Basis of Appointed as Independent Commissioner for the first time at the Annual General Meeting of Shareholders (GMS) of PT Bank
Appointment Pembangunan Daerah Jawa Timur Tbk. The fiscal Year 2017 was on February 20, 2018. Passed the Fit and Proper Test and was
declared effective by the Financial Services Authority (OJK) as Independent Commissioner based on the Copy of Decision of the
Board of Commissioners of the Financial Services Authority (OJK) No. KEP-153/D.03/2018 dated September 18, 2018, until the
closing of the 2020 annual GMS, which will be held in 2021. Appointed for the second time at the Annual General Meeting of
Shareholders (GMS) for the Fiscal Year 2020, which will be held on May 3, 2021 (Second Period).
Period of Office • 2018 – Until the closing of the 2020 Fiscal Year Annual GMS (First Period).
• 2021 – Until the closing of the Annual GMS for Fiscal Year 2024 (Second Period).
Double Function • Lecturer of Master’s Degree KPS, Master’s Degree KPS Faculty of Economics and Business Universitas Brawijaya (1989 -
present).
• Special Staff to the Minister of Finance of the Republic of Indonesia (2019- present).
• Chairman of the Risk Monitoring Committee (2022 – closing of the 2023 annual GMS)
• Member of the Audit Committee (2022 – closing of the 2023 annual GMS)
• Member of the Remuneration and Nomination Committee (2022 - closing of the 2023 annual GMS).
Bank Jatim Share Do not have shares in Bank Jatim
Ownership
PT Bank Pembangunan Daerah Jawa Timur Tbk
110 2023 Annual Report
Page 113
COMPANY
PROFILE
Muhammad Mas’ud
Independent Commissioner
Citizenship : Indonesian citizens
Place and Born in Sidoarjo in 1964,
:
Date of Birth/Age 59 years old as of December 2023.
Domicile : Malang
Educational • Bachelor’s degree in State Administration from Brawijaya University, Malang (1989).
Background • Master in Management from Muhammadiyah University, Malang (1997).
• Doctor of International Politics from Flinders University, Adelaide Australia (2005)
Certification • Exam Level - 1 Risk Management Certification Program (2019).
• Level 1 Risk Management Certification Training (2019).
• Risk Management Certification Training Level – 2 (2019).
• Exam Level - 2 Risk Management Certification Program (2019).
• Risk management certification refreshment program (2022).
Work Experience • Assistant to the Presidential Special Staff for Regional Development and Regional Autonomy (2011–2014).
• Chairman of the Malang City Regional Research Council (2013-2016).
• Member of the Batu Mayor’s Expert Team (2015-2016).
• Special Staff of the Minister of Social Affairs for Human Resources Development and Ministry Programs (2015–2018).
• Member of the Kediri Regency Development Acceleration and Control Team (2016-present).
• Chairman of the Regional Research Council Kab. Bojonegoro (2019 - present)
• Postgraduate Director of the Islamic University of Malang (2018-present).
• Independent Commissioner of PT Bank Pembangunan Daerah Jawa Timur Tbk (2019-2022)
Legal Basis of Appointed as Independent Commissioner for the first time at the Extraordinary General Meeting of Shareholders (EGMS)
Appointment of PT Bank Pembangunan Daerah Jawa Timur Tbk. on June 19, 2019, Passed the Fit and Proper Test and was declared
effective by the Financial Services Authority (OJK) as an Independent Commissioner based on a Copy of Decision of the
Board of Commissioners of the Financial Services Authority (OJK) No. KEP–187/D.03/2019 October 11, 2019, until the
closing of the 2022 annual GMS, held in 2023.
Period of Office • 2019 – Until the closing of the Annual GMS for Financial Year 2022 (First Period).
• 2023 – Until the closing of the annual GMS for the 2026 financial year (Second Period).
Double Function • Lecturer in Kopertis Wil VII, DPK Islamic University of Malang (2018 - present).
• Postgraduate Director of the Islamic University of Malang (2018-present).
• Chairman of the Remuneration and Nomination Committee (2022 – closing of the 2023 annual GMS).
• Member of the Risk Monitoring Committee (2022 – closing of the 2023 annual GMS).
• Member of the Audit Committee (2022 – closing of the 2023 annual GMS)
Bank Jatim Share Do not have shares in Bank Jatim
Ownership
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 111
Page 114
Sumaryono
Independent Commissioner
Citizenship : Indonesian citizens
Place and Born in Blitar in 1960,
:
Date of Birth/Age 63 years old as of December 2023.
Domicile : Surabaya
Educational • Bachelor of Business Administration from Brawijaya University (1979)
Background
Certification • Risk management certification refreshment program (2022)
Work Experience • Head of BRI Gunungsitoli Branch (2005-2007).
• Head of BRI Kelapa Gading Branch (2007-2009).
• Head of BRI Jakarta City Branch (2009-2012).
• BRI Branch Manager Jakarta Veteran (2012-2013).
• Deputy Regional Head of BRI Regional Office Jakarta 1 (2013-2016).
• Regional Head of BRI Pekanbaru Regional Office (2016).
• President Director of PT BSM Broker Asuransi (2018-2019).
• Independent Commissioner of PT Regional Development Bank East Java Tbk (2022-present).
Legal Basis of Appointed as Independent Commissioner for the first time at the annual General Meeting of Shareholders (GMS) of PT Bank
Appointment Pembangunan Daerah Jawa Timur Tbk. financial year 2021 March 17, 2022. Passed the Fit and Proper Test and was declared
effective by the Financial Services Authority as President Commissioner based on a copy of the Decree of Members of the Board
of Commissioners of the Financial Services Authority (OJK) Number KEP-6/D.03/2022 dated January 19, 2022.
Period of Office 2022 – Until the closing of the Annual GMS for Financial Year 2025 (First Period).
Double Function • Chairman of the Audit Committee (2022 – closing of the annual GMS in 2023)
• Member of the Risk Monitoring Committee (2022 – closing of the 2023 annual GMS)
• Member of the Audit Committee (2022 – closing of the annual GMS in 2023)
Bank Jatim Share Do not have shares in Bank Jatim
Ownership
PT Bank Pembangunan Daerah Jawa Timur Tbk
112 2023 Annual Report
Page 115
COMPANY
PROFILE
Adhy Karyono
Commissioner
Citizenship : Indonesian citizens
Place and Born in Cirebon in 1971,
:
Date of Birth/Age 52 years old as of December 2023.
Domicile : Surabaya
Educational • Bachelor of Politics from Garut College of Social and Political Sciences (1996).
Background • Master of Public Administration from National Institute of Public Administration (LAN), Jakarta (2012).
Certification Risk Management Program for Prospective Commissioners, LPPI (2023).
Work Experience • Head of Monitoring and Evaluation Section at the Sub-Directorate for Preparedness and Mitigation of the BSKBA
Directorate, Directorate General of Social Protection and Security, Ministry of Social Affairs of the Republic of Indonesia
(2006-2007)
• Head of the Standardization and Technical Guidance Section at the Sub-Directorate of Preparedness and Mitigation of
the BSKBA Directorate, Directorate General of Social Protection and Security, Ministry of Social Affairs of the Republic
of Indonesia (2007-2008)
• Head of the Standardization and Technical Guidance Section at the Emergency Response Sub-Directorate of the BSKBA
Directorate, Directorate General of Social Protection and Security, Ministry of Social Affairs of the Republic of Indonesia
(2008-2009).
• Head of Sub-Directorate for Preparedness and Mitigation of the BSKBA Directorate, Directorate General of Social
Protection and Security, Ministry of Social Affairs of the Republic of Indonesia (2009-2010).
• Head of Program and Information Division of the Secretariat of the Directorate General of Social Protection and Security,
Ministry of Social Affairs of the Republic of Indonesia (2010-2011).
• Head of Program and Reporting Division of the Secretariat of the Directorate General of Social Protection and Security,
Ministry of Social Affairs of the Republic of Indonesia (2011-2016).
• Director of Social Protection for Natural Disaster Victims (PSKBA) Directorate General of Social Protection and Security,
Ministry of Social Affairs of the Republic of Indonesia (2016-2017).
• Head of Planning Bureau of the Secretariat General, Ministry of Social Affairs of the Republic of Indonesia (2017-2020)
• Expert Staff of the Minister for Change and Social Dynamics of the Republic of Indonesia (2020-2022).
• Regional Secretary, East Java Provincial Government (2022-present).
• Commissioner of PT Bank Pembangunan Daerah Jawa Timur Tbk (2023-present).
Legal Basis of Appointed as Commissioner for the first time at the Annual General Meeting of Shareholders for Fiscal Year 2022 on April 12,
Appointment 2023, and was declared effective after passing the fit and proper test by the Financial Services Authority as Commissioner based
on Decision of Members of the Board of Commissioners of the Financial Services Authority Number KEPR-151/D. 03/2023 dated
November 24, 2023.
Period of Office 2023 – Until the closing of the annual GMS for the 2026 financial year (First Period).
Double Function • Regional Secretary, East Java Provincial Government (2022-present).
• Member of the Remuneration & Nomination Committee (2023 – closing of the annual GMS in 2024).
Bank Jatim Share Do not have shares in Bank Jatim
Ownership
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 113
Page 116
Heru Tjahjono*
Commissioner
Citizenship : Indonesian citizens
Place and Born in Yogyakarta in 1961,
:
Date of Birth/Age 62 years old as of December 2023.
Domicile : Malang
Educational • Bachelor of Engineering from Sebelas Maret University, Surakarta (1988).
Background • Master in Management from Merdeka University, Malang (1999).
• Doctor of Environment and Development from Brawijaya University, Malang (2014).
Certification • Level 1 Risk Management Certification Training (2019).
• Exam Level - 1 Risk Management Certification Program (2019).
• Exam Level - 2 Risk management Certification Program (2019).
• Risk Management Certification Training Level – 2 (2019).
Work Experience • Acting Head of Physical and Infrastructure Division of Bappeda Tulungagung Regency (1997).
• Acting Head of the Tulungagung District DPUD (1997–2001).
• Acting Head of the PPW Public Works Sub-Department of Tulungagung Regency (2001–2003).
• Regent of Tulungagung Regency (2003-2013).
• Staff of the Governor of East Java Province (2013–2014).
• Head of the Department of Fisheries and Marine Affairs of East Java Province (2014-2016).
• Head of the Department of Marine Affairs and Fisheries of East Java Province (2016–2018).
• Regional Secretary of East Java Province (2018-2021).
• Commissioner of PT Bank Pembangunan Daerah Jawa Timur Tbk (2019-2023)
Legal Basis of Appointed as Commissioner for the first time at the Extraordinary General Meeting of Shareholders (EGMS) of PT Bank
Appointment Pembangunan Daerah Jawa Timur Tbk. on June 19, 2019, Passed the Fit and Proper Test and was declared effective by the
Financial Services Authority (OJK) as Commissioner based on a Copy of Decision of the Board of Commissioners of the Financial
Services Authority (OJK) No. KEP–186/D.03/2019 October 11, 2019, until the closing of the 2022 Annual GMS, held in 2023.
Period of Office 2019 – Until the closing of the Annual GMS for Financial Year 2022 (First Period)
Double Function Member of the Remuneration & Nomination Committee (2022 – April 12, 2023)
Bank Jatim Share 400.600 shares
Ownership
* Mr. Heru Tjahjono (Commissioner) stopped serving as Commissioner since April 12, 2023 (dismissed at the 2022 Annual GMS).
PT Bank Pembangunan Daerah Jawa Timur Tbk
114 2023 Annual Report
Page 117
COMPANY
PROFILE
Affiliate Relations of Members of The Board of Commissioners
Table of Affiliation of the Board of Commissioners
Financial Relations, Family and Board of Commissioners
Financial Relations With Family Relations With
Management
Board of Controlling Board of Controlling Relation
Name Position Directors Directors
Commissioners Shareholders Commissioners Shareholders
Yes No Yes No Yes No Yes No Yes No Yes No Yes No
Suprajarto* President √ √ √ √ √ √ √
Commissioner
Adhy Karyono Commissioner √ √ √ √ √ √ √
Candra Fajri Independent √ √ √ √ √ √ √
Ananda Commissioner
Muhammad Independent √ √ √ √ √ √ √
Mas’ud Commissioner
Sumaryono Independent √ √ √ √ √ √ √
Commissioner
* Stopped serving since December 19, 2023
Education and/or Training of The Board of Commissioners
A description of the education and/or training of the Board of Commissioners Fiscal Year is presented in the Corporate Governance
Chapter.
Changes in the Composition of The Board of Commissioners
and The Reasons for The Changes
During 2023, there was a change in the composition of the members of the Board of Commissioners. Changes in the composition
of the members of the Board of Commissioners were made based on the needs of the Bank. Changes in the composition of the
members of the Board of Commissioners are as follows:
Composition of The Board of Commissioners Before The Annual GMS for The Fiscal Year 2022
The composition of the Board of Commissioners prior to the 2022 Annual GMS was 5 (five) people consisting of 1 (one) President
Commissioners, 3 (three) Independent Commissioner and 1 (one) Commissioner. The entire Board of Commissioners was domiciled
in East Java Province. The composition and basis for the appointment of the Board of Commissioners can be seen in the table below.
Table of Composition and Basis of Appointment of the Board of Commissioners Before the Annual GMS for Fiscal Year 2022
Name Position Executor Basis of Appointment Effective date
Suprajarto President Commissioners OJK Annual GMS on March 17, 2022 January 19, 2022
Candra Fajri Ananda Independent Commissioner OJK Annual GMS on February 20, 2018 September 21, 2018
Muhammad Mas’ud Independent Commissioner OJK Extraordinary GMS on July 19, 2019 October 11, 2019
Heru Tjahjono Commissioner OJK Extraordinary GMS on July 19, 2019 October 11, 2019
Sumaryono Independent Commissioner OJK Annual GMS on March 17, 2022 January 19, 2022
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 115
Page 118
Composition of The Board of Commissioners After The Annual GMS for Fiscal Year 2022
On April 12, 2023, the 2022 Annual GMS approved and appointed Muhammad Mas’ud as an Independent Commissioner and Adhy
Karyono as a Commissioner. Thus, the composition of the Board of Commissioners after the 2022 Annual GMS is 5 (five) people
consisting of 1 (one) President Commissioner, 3 (three) Independent Commissioners and 1 (one) Commissioner. The entire Board of
Commissioners is domiciled in East Java Province. The composition and basis for appointment of the Board of Commissioners can
be seen in the table below.
Table of Composition of The Board of Commissioners after The Annual GMS for The Fiscal Year 2022
Name Position Executor Basis of Appointment Effective date
Suprajarto* President OJK Annual GMS on March 17, 2022 January 19, 2022
Commissioners
Adhy Karyono Commissioner OJK Annual GMS on April 12, 2023 November 24, 2023
Candra Fajri Ananda Independent OJK Annual GMS on February 20, 2018 September 21, 2018
Commissioner
Muhammad Mas’ud Independent OJK - Extraordinary GMS on July 19, 2019 October 11, 2019
Commissioner - Annual GMS on April 12, 2023
Sumaryono Independent OJK Annual GMS on March 17, 2022 January 19, 2022
Commissioner
*Resigned from office since 19 December 2023 (died)
PT Bank Pembangunan Daerah Jawa Timur Tbk
116 2023 Annual Report
Page 119
COMPANY
PROFILE
Profile
of The Board of Sharia Supervisory
Drs. KH. Afifuddin Muhajir, M.Ag
Chairman of the Sharia Supervisory Board
Citizenship : Indonesian citizens
Place and Born in Sampang in 1955,
:
Date of Birth/Age age 68 as of December 2023.
Domicile : Situbondo
Educational • Bachelor’s degree in Tafsir Hadith from Ibrahimy University (UNIB) (1980).
Background • Masters in Islamic Law at UNISMA Malang (2001).
• Doctor Honoris Causa (Dr HC) in the field of Fiqh/Ushul Fiqh at UIN Walisongo Semarang (2021).
Certification • Training for Sharia Supervisory LKS by DSN-MUI Institute Jakarta (2019).
• LSP Sharia Supervisory Board Certification by DSN-MUI Institute Jakarta (2019)
• LSP Sharia Supervisory Board Certification by DSN-MUI Institute Jakarta (2022)
Work Experience • Lecturer of the Sharia Faculty of Ibrahimy University (UNIB) (1985-present).
• Lecturer of Ma’had Islamic Boarding School Salafiyah Syafi’iyah Sukorejo Situbondo (1990-present).
• Khatib Syuriah Nahdlatul Ulama Executive Board (2010-2015).
• Chairman of the Salafiyah Syafi’iyah Islamic Boarding School Foundation Sukorejo Situbondo (2010-present).
• Naib Mudir Ma’had Aly Islamic Boarding School Salafiyah Syafi’iyah Sukorejo Situbondo (2016-2021).
• Ma’had Aly Masyayikh Council (2018-2022).
• Rais Syuriah, the Executive Board of Nahdlatul Ulama (2019-2020).
• Chairman of the Sharia Supervisory Board of PT Bank Pembangunan Daerah Jawa Timur Tbk (2019-present).
• Deputy Rais Aam Executive Board of Nahdlatul Ulama (2022 – present).
Legal Basis of Appointed as the Chairman of the Sharia Supervisory Board for the first time at the Annual General Meeting of Shareholders
Appointment (GMS) of PT Bank Pembangunan Daerah Jawa Timur Tbk. 2018 Financial Year on April 26, 2019. Then, he was reappointed as
the Member of the Sharia Supervisory Board for the second time at the 2022 Annual General Meeting of Shareholders (GMS) of
PT Bank Pembangunan Daerah Jawa Timur Tbk on April 12, 2023.
Period of Office 2019 – Until the closing of the Annual GMS for Fiscal Year 2023 (First Period)
Double Function • Lecturer of the Sharia Faculty of Ibrahimy University (UNIB) (1985-present).
• Lecturer of Ma’had Islamic Boarding School Salafiyah Syafi’iyah Sukorejo Situbondo (1990-present).
• Chairman of the Salafiyah Syafi’iyah Islamic Boarding School Foundation Sukorejo Situbondo (2010-present)
Bank Jatim Share Do not have shares in Bank Jatim
Ownership
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 117
Page 120
Dr. dr. Sukadiono, MM
Member of Sharia Supervisory Board
Citizenship : Indonesian citizens
Place and Born in Jombang in 1968,
:
Date of Birth/Age age 55 as of December 2023
Domicile : Surabaya
Educational • Bachelor of Medicine from Airlangga University Surabaya (1995).
Background • Masters in Management from Narotama University Surabaya (2007).
• Doctorate in Sports Science from Surabaya State University (2012).
Certification -
Work Experience • Treasurer of East Java PWM for the period (2015-2022).
• Chairman of the East Java PWM for the period (2022-present).
• Chancellor of Muhammadiyah University Surabaya (2020-present).
• Member of the Sharia Supervisory Board of PT Bank Pembangunan Daerah Jawa Timur Tbk (2023-present).
Legal Basis of Appointed as Member of the Sharia Supervisory Board for the first time at the 2022 Annual General Meeting of Shareholders
Appointment (GMS) of PT Bank Pembangunan Daerah Jawa Timur Tbk on April 12, 2023.
Period of Office 2023 – Until the closing of the 2027 Annual GMS (First Period).
Double Function • Chancellor of Muhammadiyah University Surabaya (2020-present).
• Chairman of the East Java PWM for the period (2022-present).
Bank Jatim Share Do not have shares in Bank Jatim
Ownership
PT Bank Pembangunan Daerah Jawa Timur Tbk
118 2023 Annual Report
Page 121
COMPANY
PROFILE
Dr. M. Saad IH, MA
(Muhammad Sa’ad Ibrahim)*
Member of Sharia Supervisory Board
Citizenship : Indonesian citizens
Place and Born in Mojokerto in 1954,
:
Date of Birth/Age age 69 as of December 2023.
Domicile : Malang
Educational • Bachelor’s Degree in Qadla’ at IAIN Sunan Ampel Surabaya (1983).
Background • Master of Islamic Education IAIN Syarif Hidayatullah Jakarta (1990).
• Doctoral Ulumul Qur’an IAIN Syarif Hidayatullah Jakarta (1997)
Certification Training for Sharia Supervisory LKS by DSN-MUI Institute Jakarta (2019).
Work Experience • Head of the Institute for Religious and Philosophical Studies (LKAF) (1994-1999).
• Postgraduate Lecturer at IAIN Sunan Ampel Surabaya (1998-present).
• Head of the Department of Comparison of Madzhab and Law, Faculty of Sharia Sunan Ampel Surabaya (1998-1999).
• Postgraduate Lecturer at the University of Muhammadiyah Malang (1999-present).
• Lecturer at UIN Malang (2000-present).
• Chairman of the Council for Tarjih and Development of Muhammadiyah Islamic Thought in East Java Region
(2000-present).
• Head of the Arabic Language Learning Program at UIN Malang (2000-2003).
• Postgraduate Lecturer at Muhammadiyah University of Sidoarjo (2001-2003), Assistant Director I Postgraduate at UIN
Malang (2003-present).
• Postgraduate Lecturer at the University of Muhammadiyah Surabaya (2004-present).
• Postgraduate Lecturer at the Islamic Institute Hasyim Asy’ari Jombang (2004-present).
• Postgraduate Director of UIN Malang (2005-2007), Vice Chancellor IV of UIN Malang (2007-2009).
• Chairman of the East Java Muhammadiyah Regional Management (2015-2020).
• Member of the Sharia Supervisory Board of PT Bank Pembangunan Daerah Jawa Timur Tbk (2019-2023).
• Muhammadiyah Central Executive (2022 – present).
Legal Basis of Appointed as Member of the Sharia Supervisory Board for the first time at the Extraordinary General Meeting of Shareholders
Appointment (EGMS) of PT Bank Pembangunan Daerah Jawa Timur Tbk. April 26, 2019.
Period of Office 2019 – Until the closing of the Annual GMS for Fiscal Year 2022 (First Period)
Double Function • Postgraduate Lecturer at IAIN Sunan Ampel Surabaya (1998-present).
• Postgraduate Lecturer at the University of Muhammadiyah Malang (1999-present).
• Lecturer at UIN Malang (2000-present), Chairman of the Tarjih Council and Development of Muhammadiyah Islamic
Thought in East Java Region (2000-present).
• Assistant Director I Postgraduate UIN Malang (2003-present).
• Postgraduate Lecturer at the University of Muhammadiyah Surabaya (2004-present).
• Postgraduate Lecturer at the Islamic Institute Hasyim Asy’ari Jombang (2004-present).
Bank Jatim Share Do not have shares in Bank Jatim
Ownership
* Resigned from office on April 12, 2023
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 119
Page 122
Sharia Supervisory Board Members Affiliate Relations
Table of Affiliation of the Sharia Supervisory Board
Financial Relations, Family and Management of the Sharia Supervisory Board
Financial Relations With Family Relations With
Management
Board of Controlling Board of Controlling Relations
Name Position Commissioners
Directors
shareholders Commissioners
Directors
shareholders
Yes No Yes No Yes No Yes No Yes No Yes No Yes No
Drs. KH. Chairman of
Afifuddin the Sharia
√ √ √ √ √ √ √
Muhajir, M.Ag Supervisory
Board
Dr. dr. Member of Sharia
Sukadiono, MM Supervisory √ √ √ √ √ √ √
Board
Dr. M. Saad IH, Member of Sharia
MA (Muhammad Supervisory √ √ √ √ √ √ √
Sa’ad Ibrahim)* Board
*Stopped serving since April 12, 2023
Changes in Composition of the Sharia Supervisory Board
and the Reasons for the Changes
The members of the Sharia Supervisory Board consist of at least 2 (two) people and a maximum of 3 (three) people, one of them is the
Chairman. Members of the Sharia Supervisory Board are appointed by the GMS or recommendations from the National Sharia Council
- Indonesian Ulema Council in accordance with applicable laws and regulations, without prejudice to the rights of the GMS to dismiss
members of the Sharia Supervisory Board at any time in accordance with the laws and regulations. During 2023, there will be changes in
the composition of members of the Sharia Supervisory Board. Changes in the composition of members of the Sharia Supervisory Board
are carried out based on the Bank’s needs. Changes in the composition of members of the Sharia Supervisory Board are as follows:
The Composition of The Sharia Supervisory Board
before the Annual GMS for Financial Year 2022
The composition of the Sharia Supervisory Board before the 2022 Annual GMS is 2 (two) people consisting of 1 (one) Chair of the
Sharia Supervisory Board and 1 (one) member of the Sharia Supervisory Board. The entire Sharia Supervisory Board is domiciled in
East Java Province. The composition and basis for the appointment of the Sharia Supervisory Board can be seen in the table below.
Table of Composition and Basis for Appointment of the Sharia Supervisory Board before to the Annual GMS for Financial Year 2022
Name Position Executor Basis of Appointment Effective date
Dr. KH. Afifuddin Muhajir, M.Ag Chairman OJK GMS for Fiscal Year 2018 on April 26, 2019 February 28, 2020
Dr. H. M. Saad Ibrahim, MA Member OJK GMS for Fiscal Year 2018 on April 26, 2019 February 28, 2020
The Composition of The Sharia Supervisory Board after the Annual GMS for Financial Year 2022
On April 12, 2023, the 2022 Annual GMS approved and appointed KH Affifudin as the Chairman of the Sharia Supervisory Board
and Sukadiono as a member of the Sharia Supervisory Board. Thus, the composition of the Sharia Supervisory Board after the
2022 Annual GMS is 2 (two) people consisting of 1 (one) Chair of the Sharia Supervisory Board and 1 (one) member of the Sharia
Supervisory Board. The entire Sharia Supervisory Board is domiciled in East Java Province. The composition and basis for the
appointment of the Sharia Supervisory Board can be seen in the table below.
Table of Composition and Basis for the Appointment of the Sharia Supervisory Board after the Annual GMS for Financial Year 2022
Name Position Executor Basis of Appointment Effective date
Dr. KH. Afifuddin Muhajir, M.Ag Chairman OJK GMS for Fiscal Year 2018 on April 26, 2019 February 28, 2020
Dr. dr. Sukadiono, MM Member OJK GMS for Fiscal Year 2022 on April 12, 2023 Still in the Fit and Proper Test process
PT Bank Pembangunan Daerah Jawa Timur Tbk
120 2023 Annual Report
Page 123
COMPANY
PROFILE
Executive Official
Profile
Profil Senior Executive Vice President (SEVP)
Budi Sumarsono
SEVP Corporate Transformation
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and Date of Birth/Age : Born in Madiun in 1966, 57 years old as of December 2023.
Educational Background : • Bachelor of Finance from Muhammadiyah University (1992).
• Master of Law from Merdeka University (1999).
• Master of Management from Widya Jayakarta University (2000).
Certification : • Level 1 Risk Management Certification by the Risk Management Certification Agency (2007).
• Level 2 Risk Management Certification by the Risk Management Certification Agency (2008).
• Level 3 Risk Management Certification by the Risk Management Certification Agency (2011).
• Level 4 Risk Management Certification by the Risk Management Certification Agency (2017).
• Level 1 Compliance Certification by the Compliance Director Communication Forum (2018).
• General Banking Level 3 Certification by the Banking Professional Certification Institute (2019).
• Pension Fund Risk Management Certification by the Pension Fund Professional Certification
Institute (2020).
Work Experience : • Head of the Probolinggo Branch of PT Pembangunan Daerah Jawa Timur Tbk (2014-2015).
• Head of the Gresik Branch of PT Pembangunan Daerah Jawa Timur Tbk (2015-2017)
• Head of Operational Division of Surabaya Main Branch of PT Pembangunan Daerah Jawa Timur Tbk
(2017-2018).
• Pjs Head of the Compliance & Governance Division of PT Pembangunan Daerah Jawa Timur Tbk
(2018).
• Head of the International Banking Division of PT Pembangunan Daerah Jawa Timur Tbk (2018-
2019).
• Head of the Human Capital Division of PT Pembangunan Daerah Jawa Timur Tbk (2019-2021).
• Head of the Planning & Strategic Division of PT Pembangunan Daerah Jawa Timur Tbk (2021-2022).
• Head of the Corporate Secretary Division of PT Pembangunan Daerah Jawa Timur Tbk (2022-2023).
• SEVP Corporate Transformation PT Pembangunan Daerah Jawa Timur Tbk (2023-present).
Legal Basis of Appointment : Appointed as SEVP Corporate Transformation of PT Bank Pembangunan Daerah Jawa Timur Tbk
based on Directors’ Decree No. 062/017/DIR/HCP/KEP dated February 23, 2023.
Period of Office : February 23, 2023 – September 2, 2024
Bank Jatim Share Ownership : 20.000 shares
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 121
Page 124
Umi Rodiyah
SEVP Sharia Business
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and Date of Birth/Age : Born in Probolinggo in 1966, 57 years old as of December 2023.
Educational Background : Bachelor of State Administration from Brawijaya University (1991).
Certification : • Level 1 Risk Management Certification by the Risk Management Certification Agency (2006).
• Level 2 Risk Management Certification by the Risk Management Certification Agency (2007).
• Level 3 Risk Management Certification by the Risk Management Certification Agency (2008).
• Level 4 Risk Management Certification by the Professional Certification Organizing Body (2017).
• Level 5 Risk Management Certification by the Risk Management Certification Agency (2022).
• General Banking Level 3 Certification by the Banking Professional Certification Institute (2019).
Work Experience : • Branch Manager of Perak of PT Bank Pembangunan Daerah Jawa Timur Tbk (2010-2015).
• Head of the Overseas Operations Sub Division of the Services and Foreign Funds Division of PT
Bank Pembangunan Daerah Jawa Timur Tbk (2015-2016).
• Head of Business Sector, Surabaya Main Branch, PT Bank Pembangunan Daerah Jawa Timur Tbk
(2016-2017).
• Head of Operations, Surabaya Main Branch, PT Bank Pembangunan Daerah Jawa Timur Tbk (2017).
• Pjs Head of the Corporate Secretary Division of PT Bank Pembangunan Daerah Jawa Timur Tbk
(2017).
• Pjs Head of the Institutional and Business Relations Division of PT Bank Pembangunan Daerah Jawa
Timur Tbk (2018).
• Head of the Institutional and Business Relations Division of PT Bank Pembangunan Daerah Jawa
Timur Tbk (2018-2020).
• Head of the Services Fund Division of PT Bank Pembangunan Daerah Jawa Timur Tbk (2020-2021).
• Head of the Corporate Secretary Division of PT Bank Pembangunan Daerah Jawa Timur Tbk (2021-
2022).
• Head of the Treasury Division of PT Bank Pembangunan Daerah Jawa Timur Tbk (2022-2023).
• Pjs SEVP Sharia Business PT East Java Regional Development Bank Tbk (2023).
• SEVP Sharia Business PT Bank Pembangunan Daerah Jawa Timur Tbk (2023-present).
Legal Basis of Appointment : Appointed as SEVP of Sharia Business PT Bank Pembangunan Daerah Jawa Timur Tbk based on
Directors’ Decree No. 062/041/DIR/HCP/KEP dated May 31, 2023.
Period of Office : May 31, 2023 - March 02, 2024
Bank Jatim Share Ownership : 226.500 shares
PT Bank Pembangunan Daerah Jawa Timur Tbk
122 2023 Annual Report
Page 125
COMPANY
PROFILE
Revi Adiana Silawati
SEVP Network and Services
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and Date of Birth/Age : Born in Solo in 1966, 57 years old as of December 2023.
Educational Background : • Bachelor of Management from Wijaya Putra University (1996).
• Master of Management from Airlangga University (1998).
Certification : • Level 1 Risk Management Certification by the Risk Management Certification Agency (2006).
• Level 2 Risk Management Certification by the Risk Management Certification Agency (2006).
• Level 3 Risk Management Certification by the Risk Management Certification Agency (2007).
• Level 4 Risk Management Certification by the Professional Certification Organizing Body (2011).
• Level 5 Risk Management Certification by the Risk Management Certification Agency (2013).
Work Experience : • Branch Head of Operations of DR. Soetomo (2001-2003).
• Branch Manager of Perak (2003-2006)
• Head of Bojonegoro Branch (2006-2009).
• Branch Manager of Kediri (2009-2011)
• Branch Manager of Malang (2011-2012).
• Head of Corporate Secretary (2012-2013).
• Head of Services and Foreign Funds Division (2013-2015).
• Head of the Treasury Division (2015-2018).
• Head of Strategic Planning and Performance Management Division (2018-2021).
• Head of Human Capital Division (2021-2023).
• SEVP Network & Services PT Bank Pembangunan Daerah Jawa Timur Tbk (2023-present).
Legal Basis of Appointment : Appointed as SEVP Network & Services of PT Bank Pembangunan Daerah Jawa Timur based on Board
of Directors Decree No. 062/017/DIR/HCP/KEP dated February 23, 2023.
Period of Office : February 23, 2023 - June 01, 2024
Bank Jatim Share Ownership : 800 shares
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 123
Page 126
Hermita
SEVP Consumer Banking
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and Date of Birth/Age : Born in Padang in 1968, age 55 years old as of December 2023.
Educational Background : • Bachelor of Law from Andalas University (1992).
• Master in Agribusiness Management of Bogor Agricultural Institute (2003).
Certification : • WAPERD, BNI certification
• Management Risk Level 4, BSMR
• Assessment Center Assessor Certification, PPM
Work Experience : • Head of the South Jakarta Regional Office of PT Bank Negara Indonesia (Persero) Tbk (2011-2014).
• Head of the North Sulawesi Regional Office of PT Bank Negara Indonesia (Persero) Tbk (2014-
2015).
• Head of the South Jakarta Regional Office of PT Bank Negara Indonesia (Persero) Tbk (2015-2016)
• Head of Consumer Products Division of PT Bank Negara Indonesia (Persero) Tbk (2016-2018).
• Senior Vice President of Consumer Sales Division of PT Bank Negara Indonesia (Persero) Tbk (2018-
2020).
• Vice President of Align Corporate & Consumer Businesses, Institutional Relations Division, PT Bank
Negara Indonesia (Persero) Tbk (2020-2021).
• Pgs. Head of the Regional Office of the Palembang Regional Office of PT Bank Negara Indonesia
(Persero) Tbk (2022-2023).
• Senior Vice President of Smart City, Business Optimization of PT Bank Negara Indonesia (Persero)
Tbk (2021-2023).
• SEVP Consumer Banking PT Bank Pembangunan Daerah Jawa Timur Tbk (2023-Present).
Legal Basis of Appointment : Appointed as SEVP Consumer Banking based on Directors’ Decree No. 062/22/HCP/PK dated May
29, 2023.
Period of Office : June 01, 2023 - May 31, 2025
Bank Jatim Share Ownership : There are no shares
PT Bank Pembangunan Daerah Jawa Timur Tbk
124 2023 Annual Report
Page 127
COMPANY
PROFILE
Koerniawan Prijambodo
SEVP Corporate, Syndicated and Institutional
Citizenship : Warga Negara Indonesia
Domicile : Surabaya
Place and Date of Birth/Age : Born in Lumajang in 1967, age 56 years old as of December 2023.
Educational Background : • Bachelor degree in Engineering Physics of Sepuluh Nopember Institute of Technology (1991).
• Finance & Banking Master in Management of Gadjah Mada University (1993).
Certification : BSMR Level 4 (December 2021).
Work Experience : • Engineer at PT Bukaka Teknik Utama (1991-1992).
• PT Bank CIMB Niaga Tbk Executive Education Program (1993-1995).
• Relationship Manager (RM) & Brach Manager Commercial Banking PT Bank CIMB Niaga Tbk in
Kediri and Surabaya (1995-2010).
• Head of West Java Commercial Banking Regional Office PT Bank CIMB Niaga Tbk (2010-2012).
• Head of Commercial Banking Regional Office East Java Bali Nusra PT Bank CIMB Niaga Tbk (2012-
2019).
• Head of Regional Office III (East Java, Bali Nusra and Eastern Indonesia) Indonesian Export
Financing Institute (LPEI)/Indonesia EXIMBANK (2020-2023).
• SEVP Corporate, Syndicated and Institutional PT Bank Pembangunan Daerah Jawa Timur Tbk (2023
– Present).
Legal Basis of Appointment : Appointed as SEVP Corporate, Syndicated and Institutional based on Directors Decree No. 062/23/
HCP/PK dated May 29, 2023.
Period of Office : July 01, 2023 - June 30, 2025
Bank Jatim Share Ownership : There are no shares
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 125
Page 128
Profil Vice President (VP)
Wioga Adhiarma Aji
Vice President Corporate Secretary
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and : Born in Surabaya in 1978,
Date of Birth/Age 45 years old as of December 2023.
Educational : • Bachelor of Law Studies from Panca Marga University, Probolinggo
Background (2002).
• Master of Law from the University of 17 August 1945 Surabaya (2020).
Legal Basis of : Since 2023 served as Vice President of Corporate Secretary based
Appointment on the Decree of the Board of Directors No. 062/057/DIR/HCP/KEP
dated July 20, 2023.
Work Experience : He joined Bank Jatim in 1997. Prior to occupying his current position,
he had served as Head of Operations for the Bojonegoro Branch
(2012), Head of the Bojonegoro Branch (2013), Head of Operations
for the Main Branch (2018), Head of the Kediri Branch (2020). Acting
Head of General Division (2022).
Wardhana Suryaatmaja
VP Audit Internal
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and : Born in Surabaya in 1967,
Date of Birth/Age 56 years old as of December 2023.
Educational : • Bachelor of Development Studies from Wijaya Putra University
Background (1995).
• Master of Management from the Artha Bodhi Iswara College of
Economics (1998)
Legal Basis of : Since 2023, he has served as Vice President of Internal Audit based
Appointment on the Decree of the Board of Directors No. 062/061/DIR/HCP/KEP
August 8, 2023.
Work Experience : Joined Bank Jatim in 1991. Prior to his current position, he served as
Acting Head of Sharia Branch of Madiun (2015), Head of Accouting
Subdivision (2015), Acting Head of Information Technology Division
(2016), Head of Information Technology Division (2017), Head of
Product Development and Policy Division (2018), Head of General
Division (2019), Head of Corporate Risk Management Division (2022).
PT Bank Pembangunan Daerah Jawa Timur Tbk
126 2023 Annual Report
Page 129
COMPANY
PROFILE
Sis Maryadi
Vice President of Funds and Services
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and : Born in Boyolali in 1966.
Date of Birth/Age 57 years old as of December 2023.
Educational : • Bachelor of Economics from the Artha Bodhi Iswara College of
Background Economics, Surabaya (2001).
• Master of Management from the Jakarta Imni College of
Management (2005).
Legal Basis of : Since 2023, he has served as Vice President of the Funds and Services
Appointment based on the Decree of the Board of Directors No. 062/055/DIR/HCP/
KEP July 5, 2023.
Work Experience : Joined Bank Jatim in 1986. Before his current position, he served
as Head of Gresik Branch Operations (2013), Trenggalek Branch
Manager (2015), Head of Agribusiness and Retail Credit Sub Division
(2017), Head of Consumer Credit Division (2018), Head of Rescue and
Credit Settlement (2022).
Mugni Nurachman
Vice President of Legal
Citizenship : Indonesian citizens
Domicile : Nganjuk
Place and : Born in Jakarta in 1971,
Date of Birth/Age 52 years old as of December 2023.
Educational : • Bachelor of Law, Yogyakarta Islamic University of Indonesia (1995).
Background • Master of Program Management at Wijaya Putra University (2006).
Legal Basis of : Since 2023 served as a legal vice president based on the Decree of the
Appointment Board of Directors No. 062/057/DIR/HCP/KEP dated July 20, 2023.
Work Experience : He joined Bank Jatim in 1997. Prior to occupying his current position,
he served as Head of the Merican Sub-Branch Office, Kediri Branch
(2014), Senior Analyst for Legal Group Litigation Legal Division (2016),
Acting. Head of Legal Litigation Sub Division, Legal Division (2018),
Head of Legal Litigation Sub Division, Legal Division (2018), Head of
Jombang Branch (2020), Head of Legal Litigation Sub Division, Legal
Division (2021), Acting Head of Law Division (2022).
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 127
Page 130
R. Wahyukusumo Wisnubroto
Vice President of International Banking
Citizenship : Indonesian citizens
Domicile : Sidoarjo
Place and : Born in Yogyakarta in 1972,
Date of Birth/Age 51 years old as of December 2023.
Educational : • Bachelor of Civil Engineering from Bandung Institute of Technology
Background (1998).
• Master of Management from Gadjah Mada University (2001).
Legal Basis of : Since 2023, he has served as Vice President of the International
Appointment Banking based on the Decree of the Board of Directors No. 062/041/
DIR/HCP/KEP May 31, 2023.
Work Experience : Joined Bank Jatim in 2002. Before his current position, he served
as Head of Cab Operations. Ngawi (2013), Head of Bid. Cab
Operations. Jakarta (2013), Branch Manager HR Muhammad (2014),
Head of Dealingroom Sub Division Treasury Division (2015), Acting.
International Banking Division Leader (2017), Head of Treasury Division
(2018), Head of Strategic Planning and Performance Management
Division(2022).
Mukhlison
Vice President of Commercial Credit, Corporate and Syndication
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and : Born in Jombang in 1974.
Date of Birth/Age 49 years old as of December 2023.
Educational : Bachelor of Economics from Wijaya Putra University, Surabaya (2001)
Background
Legal Basis of : Since 2023 served as Vice President of Commercial Credit,
Appointment Corporations and Syndications based on Decree of the Board of
Directors No. 062/050/DIR/HCP/KEP dated June 22, 2023.
Work Experience : Joined Bank Jatim in 1995. Before his current position, he served
as Head of Cab Operations. Pacitan (2012), Head of Cab. Jombang
(2013), Leader of Cab. Probolinggo (2015), Sub-Division Leader in the
Corporate and Syndicated Medium Credit Division (2018), Pgs. Head
of Commercial, Corporate and Syndicated Credit Division (2021),
Acting as Head of Corporate Commercial Credit and Sundication
Division (2022).
PT Bank Pembangunan Daerah Jawa Timur Tbk
128 2023 Annual Report
Page 131
COMPANY
PROFILE
Suci Issumiyarti
Vice President of Risk Management
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and : Born in Semarang in 1966,
Date of Birth/Age 57 years old as of December 2023.
Educational : Bachelor of French from the Semarang State Teacher Training and
Background Education Institute (1989).
Legal Basis of : Since 2023, she has served as Vice President of the Risk Management
Appointment based on the Decree of the Board of Directors No. 062/148/DIR/HCP/
KEP August 16, 2023.
Work Experience : Joined Bank Jatim in 1994. Prior to his current position, he served
as Head of Operational Division of Ngawi Branch (2011), Head
of Kepanjen Branch (2012), Head of Tulungagung Branch (2014),
Head of Corporate Secretary Sub Division (2015), Head of Malang
Branch (2015), Head of Strategic Planning Division (2017), Head of
Institutional and Business Relations Division (2017), Head of Credit
Risk Division (2018), Head of Business Risk Division (2020). Head of
the Enterprise Risk Management Division (2021), Head of Operation
Division (2022).
Glemboh Priambodo
Vice President of Subsidiaries Management
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and : Born in Malang in 1970,
Date of Birth/Age 53 years old as of December 2023.
Educational : • Bachelor of Law from the University of Surabaya (1997).
Background • Master of Law from 17 August University Surabaya (2001).
• Master of Management from STIE ABI Surabaya (2003).
• Doctor of Law from Seventeen August University 1945 (2022).
Legal Basis of : Since 2023, he has served as Vice President of Subsidiaries
Appointment Management based on Board of Directors Decree No. 062/055/DIR/
HCP/KEP July 5, 2023.
Work Experience : He joined Bank Jatim in 1997. Prior to occupying his current position,
he served as Senior Analyst for External Communication Sub Division
(2015), Senior Analyst for Priority Banking Sub Division (2015), Acting.
Branch Manager Dr.Soetomo (2016), Branch Manager Dr. Soetomo
(2017), Head of Corporate Secretary (2018), Head of Bank Jatim Main
Branch (2021), Head of Compliance and Governance Division (2022).
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 129
Page 132
Herijadi Widodo
Vice President of General
Citizenship : Indonesian citizens
Domicile : Sidoarjo
Place and : Born in Surabaya in 1971,
Date of Birth/Age 52 years old as of December 2023.
Educational : • Bachelor of Law from University of Sunan Bonang Tuban (1999).
Background • Master in Management from University of Wijaya Putra Surabaya
(2008)
Legal Basis of : Since 2023 served as a General Vice President of Decree of the Board
Appointment of Directors No. 062/057/DIR/HCP/KEP dated July 20, 2023.
Work Experience : Joined Bank Jatim in 1993. Prior to his current position, he served
as Head of Operations of Sampang Branch (2013), Head of Bawean
Branch (2014), Head of Bangkalan Branch (2014), Head of Jombang
Branch (2015), Head of Credit Division of Main Branch (2017), Head of
Jakarta Branch (2020), Acting as Main Branch Leader (2022).
Nur Eko Ardian
Vice President of Product Development
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and : Born in Surabaya in 1980,
Date of Birth/Age 43 years old as of December 2023.
Educational : • Bachelor of State Administration from Wijaya Putra University
Background (2003).
• Master of State Administration from Wijaya Putra University (2005).
Legal Basis of : Since 2023, he has served as Vice President of Product Development
Appointment based on the Decree of the Board of Directors No. 062/041/DIR/HCP/
KEP May 31, 2023.
Work Experience : Joined Bank Jatim in 2006. Before his current position, he served as
Senior Analyst at Corporate Secretary (2015), Head of Operational
Bid for Tuban Cab (2015), Head of Kepanjen Cab (2015), Head of
Compliance and Governance Division (2018 ), Head of the Human
Capital Division (2018), Head of the Corporate Risk Management
Division (2019), Head of Accounting and Financial Management
Division (2022).
PT Bank Pembangunan Daerah Jawa Timur Tbk
130 2023 Annual Report
Page 133
COMPANY
PROFILE
Eko Tri Prasetyo
Vice President of Operation
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and : Born in Surabaya in 1981,
Date of Birth/Age 42 years old as of December 2023.
Educational : • Telkom College majoring in Informatics Engineering (2003).
Background • Master of Information Technology from the University of Indonesia
(2006).
Legal Basis of : Since 2023, he has served as Vice President of Operations based on
Appointment Board of Directors Decree No. 062/148/DIR/HCP/KEP August 6, 2023.
Work Experience : Joined Bank Jatim in 2012. Before his current position, he served
as Sub-Division Leader in the Internal Audit Division (2012) Head of
the Internal Audit Division (2018), Head of Information Technology
Division (2021).
Setya Erry Nugraha
Vice President of Credit Risk Analyst
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and : Born in Serang in 1978,
Date of Birth/Age 45 years old as of December 2023.
Educational : Bachelor of Management Economics from STIE IEU Yogyakarta (2001).
Background
Legal Basis of : Since 2023 served as Vice President of Credit Risk Analysts based on
Appointment Decree of the Board of Directors No. 062/050/DIR/HCP/KEP dated
June 22, 2023.
Work Experience : He joined Bank Jatim in 2015. Prior to occupying his current position,
he served as Branch Manager of Perak (2015), Head of HR Branch.
Muhammad (2015), Head of Pare Branch (2017), Head of Sub Division
of Medium Credit for Syndicated Corporations (2019), Head of Credit
for Main Branch (2020), Acting Head of Business Risk Division (2022).
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 131
Page 134
Slamet Purwanto
Acting as Vice President Human Capital
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and : Born in Surabaya in 1979,
Date of Birth/Age 44 years old as of December 2023.
Educational : • Bachelor of Computer from STIKOM Surabaya (2004).
Background • Master in Management from UPN Veteran Jatim (2016).
Legal Basis of : Since 2023, he has served as Acting Vice President of Human Capital
Appointment based on the Decree of the Board of Directors No. 062/055/DIR/HCP/
KEP July 5, 2023.
Work Experience : Joined Bank Jatim in 2006. Prior to his current position, he served
as Head of Investor Relations Corporate Secretary Subdivision (2015),
Head of Human Capital Division Development Subdivision (2020),
Head of Learning Center Subdivision (2021).
Firman Iswahyudi M
Acting as Vice President of Retail and Medium Credit
Citizenship : Indonesian citizens
Domicile : Sidoarjo
Place and : Born in Purworejo in 1968,
Date of Birth/Age 55 years old as of 2023.
Educational : • Bachelor of Economics from Putra Bangsa University Surabaya
Background (1996).
• Master of Management from STIESIA University Surabaya (2002).
• Doctor of Economics – Strategic Management from STIESIA
University Surabaya (2018).
Legal Basis of : Since 2023, he has served as Acting Vice President of Retail and
Appointment Medium Loans based on Decree of Board of Directors No. 062/041/
DIR/HCP/KEP May 31, 2023.
Work Experience : He joined Bank Jatim in 1991. Prior to occupying his current position,
he served as Acting. Head of Medium & Corporate Credit Sub Division
Corporate Credit Division (2014), Head of Medium & Corporate Credit
Sub Division Corporate Credit Division (2015), Head of Trinisat Sub
Division (2015), Head of Property Credit Sub Division Consumer Credit
Division (2017), Branch Head HR Muhammad (2019), Pamekasan
Branch Manager (2020), Gresik Branch Manager (2021), Acting Head
of Microcredit, Retail and Program Division (2022).
PT Bank Pembangunan Daerah Jawa Timur Tbk
132 2023 Annual Report
Page 135
COMPANY
PROFILE
Wahasta Hartadi
TKK Vice President Credit Restructuring and Recovery
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and : Born in Madiun in 1967,
Date of Birth/Age 56 years old as of December 2023.
Educational : • Bachelor of Economics from UNPAD Bandung (1991).
Background • Master in Management from UNHAS Makasar (2003).
Legal Basis of : Since 2023, he has served as TKK Vice President of Credit Restructuring
Appointment and Recovery based on Bank Jatim Work Agreement No. 062/29/
HCP/PK July 24, 2023.
Work Experience : Joined Bank Jatim in 2023. Prior to his current position, he served as
Head of Remedial & Recovery BNI Makasar Regional Office (2012),
Head of Remedial & Recovery BNI Padang Regional Office (2016),
Head of Remedial & Recovery BNI Bandung Regional Office (2017),
Sub Project Management Planning Division BNI Jakarta (2019).
Putu Denny Hariwidyanta
Acting as Vice President of Compliance and AML CFT
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and : Born in Denpasar in 1977,
Date of Birth/Age 46 years old as of December 2023.
Educational : Bachelor of Information Engineering from Surabaya College of
Background Engineering (2001)
Legal Basis of : Since 2023 he has served as Acting Vice President of Compliance
Appointment & APU PPT based on Directors’ Decree No. 062/055/DIR/HCP/KEP
dated July 05, 2023
Work Experience : Joined Bank Jatim in 2023. Prior to his position, he served as Head of
Sub-Division in Product Development & Service Fund Policy Division
(2018), Head of Main Branch Operations (2022).
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 133
Page 136
Agus Sastriono
Acting as Vice President of Consumer Credit
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and Date of : Born in Surabaya in 1971,
Birth/Age 52 years old as of December 2023.
Educational : • Bachelor of Accounting from Surabaya State IKIP University (1990).
Background • Master of Management from STIE-ABI University Surabaya (2000).
Legal Basis of : Since 2023, he has served as Acting Vice President of Consumer
Appointment Credit based on the Decree of the Board of Directors No. 062/148/
DIR/HCP/KEP August 16, 2023.
Work Experience : Joined Bank Jatim in 1997. Prior to his current position, he served as
Head of Sumenep Branch Operations (2013), Head of Bawean Branch
(2013), Head of Mojokerto Branch (2014), Head of Jember Branch
(2019), Head of Business Division of Surabaya Main Branch (2019),
Head of Jember Branch (2019), Head of Banyuwangi Branch (2020),
Head of Jakarta Branch (2022), Head of Credit Division of Main Branch
(2023).
R. Deni Mahendra
Acting as Vice President of Accounting and Financial Management
Citizenship : Indonesian citizens
Domicile : Sidoarjo
Place and Date of : Born in Situbondo in 1973,
Birth/Age 50 years old as of December 2023.
Educational : Bachelor of Economics from Universitas Brawijaya (1998).
Background
Legal Basis of : Since 2023, he has served as Acting Vice President of accounting &
Appointment Financial Management based on the Decree of the Board of Directors
No. 062/055/DIR/HCP/KEP July 5, 2023.
Work Experience : Joined Bank Jatim in 2002. Prior to his current position, he served
as Head of Operations of the Accounting Division (2015), Acting
Head of the Accounting Subdivision (2016), Head of the Accounting
Subdivision (2017), Head of the Accounting & Budget Subdivision
(2017), Head of the Financial & Taxation Control Subdivision (2018),
Head of Tuban Branch (2020), Head of Mojokerto Branch (2022).
PT Bank Pembangunan Daerah Jawa Timur Tbk
134 2023 Annual Report
Page 137
COMPANY
PROFILE
Teguh Sunyoto
Acting as Vice President Micro
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and Date of : Born in Madiun in 1966,
Birth/Age 57 years as of December 2023.
Educational : • Bachelor of Economics and Development from Universitas Wijaya
Background Putra Surabaya (1999).
• Master in Management from Universitas Gajayana Malang (2004).
Legal Basis of : Since 2023, he has served as Acting Vice President of Microcredit
Appointment based on the Decree of the Board of Directors No. 062/041/DIR/HCP/
KEP May 31, 2023.
Work Experience : Joined Bank Jatim in 1991. Prior to his current position, he served as
Head of Lamongan Branch (2015), Head of Performance Management
Subdivision (2017), Head of Nganjuk Branch (2021), Head of Kediri
Branch (2022).
Runita Pri Purwanti
Acting as Vice President of Strategic Planning and Performance
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and Date of : Born in Malang in 1967,
Birth/Age 56 years as of December 2023.
Educational : Bachelor of Economics and Development Studies from Universitas
Background Brawijaya (1991).
Legal Basis of : Since 2023, she has served as Acting Vice President of Strategic
Appointment Planning and Performance Management based on the Decree of the
Board Directors No. 062/041/DIR/HCP/KEP May 31, 2023.
Work Experience : Joined Bank Jatim in 1991. Priot to her current position, she served as
Head of Gresik Branch (2017), Head of Fund & Priority Banking Main
Branch (2021), Head of Sidoarjo Branch (2022).
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 135
Page 138
Handayanto
Acting as Vice President of Information Technology
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and : Born in Surabaya in 1975,
Date of Birth/Age 48 years as of December 2023.
Educational : Bachelor of Computer from Sepuluh Nopember Technology Institute
Background (ITS) (2000).
Legal Basis of : Since 2023, she has served as Acting Vice President of Information
Appointment technology based on the Decree of the Board Directors No No.
062/148/DIR/HCP/KEP August 16, 2023.
Work Experience : Joined Bank Jatim in 2001. Prior to his current position, he served
as Head of IT Development Subdivision of Information technology
Division (2015), Head of Support & Operations Subdivision of
Information Technology Division (2016), Head of Procurement
Subdivision of General Division (2020).
R. Wahyu Tedjasukmana
Acting as Vice President of Treasury
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and : Born in Banyuwangi in 1972,
Date of Birth/Age 51 years as of December 2023.
Educational : Bachelor of Engineering from ITS Surabaya (2000).
Background
Legal Basis of : Since 2023, he has served as Acting Vice President of Treasury based
Appointment on the Decree of the Board of Directors No. 062/041/DIR/HCP/KEP
May 31, 2023.
Work Experience : Joined Bank Jatim in 2001. Prior to his current position, he served
as Head of Sharia Branch of Kediri (2019), Head of Shria Branch of
Jember (2016), Senior Dealer in Treausry Division (2014).
PT Bank Pembangunan Daerah Jawa Timur Tbk
136 2023 Annual Report
Page 139
COMPANY
PROFILE
Herry Setya Yudakka
Acting as Vice President of Policies & Procedures
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and : Born in Gresik in 1977,
Date of Birth/Age 46 years as of December 2023.
Educational : Bachelor of Industrial Engineering from University of Veteran Surabaya,
Background Jawa Timur (1995).
Legal Basis of : Since 2023, he has served as Acting Vice President of Policies and
Appointment Procedures based on the Decree of the Board of Directors No.
062/041/DIR/HCP/KEP May 31, 2023.
Work Experience : Joined Bank Jatim in 2002. Prior to his current position, he served
as Acting Head of Trenggalek Branch Operations (2012), Head of
Lumajang Branch Operations (2014), Head of Lumajang Branch
(2014), Head of Jombang Branch (2017), Head of Malang Branch
(2020), Head of Credit Division of Main Branch (2022), Acting Head of
Product Development Division (2023).
M. Machfud Hidayat
Acting as Vice President Digital Banking
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and : Born in Surabaya in 1969,
Date of Birth/Age 54 years as of December 2023.
Educational : Bachelor of Economics from University of Wijaya Putra Surabaya
Background (2001).
Legal Basis of : Since 2023, he has served as Acting Vice President of Digital Banking
Appointment based on the Decree of the Board of Directors No. 062/041/DIR/HCP/
KEP May 31, 2023.
Work Experience : Joined Bank Jatim in 1991. Prior to his current position, he served
as Head of Operations in DJL Division (2014), Head of Taxation
Subdivision (2015), Head of Financial & Taxation Control Subdivision
(2017), Head of Digital Development Sub Unit (2022).
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 137
Page 140
Melvin
Acting as Vice President of Network and Service Management
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and : Born in Padang in 1976,
Date of Birth/Age 47 years as of December 2023.
Educational : Bachelor of Informatics Engineering Indonesia Institue of Technology
Background (1999).
Legal Basis of : Since 2023, he has served as Acting Vice President of Network &
Appointment Service Management bsed on the Decree of the Board of Directors
No. 062/055/DIR/HCP/KEP July 5, 2023.
Work Experience : Joined Bank Jatim in 2010. Prior to his current position, he served
as Acting Head of Operations placed in the Information Technology
Division (2014), Acting Head of Information Technology Development
Subdivision (2016), Head of Accounting and Financial Reporting
Subdivision (2018).
Misbakhul Iman
Acting as Vice President of Sharia Business
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and : Born in Sidoarjo in 1969,
Date of Birth/Age 54 years as of December 2023.
Educational : Bachelor of Economics from University of Brawijaya Malang (1998).
Background
Legal Basis of : Since 2023, he has served as Acting Vice President of Sharia Business
Appointment based on the Decree of the Board Directors No. 062/041/DIR/HCP/
KEP May 1, 2023.
Work Experience : Joined Bank Jatim in 2012. Priot to his current position, he served as
Head of Operations Division of Sharia Surabaya (2012), Head of Sharia
Branch Kediri (2014), Head of Sharia Branch Surabaya (2019).
PT Bank Pembangunan Daerah Jawa Timur Tbk
138 2023 Annual Report
Page 141
COMPANY
PROFILE
M. Pramudya Iskandar
Acting as Vice President Sharia Business Support
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and : Born in Sukabumi in 1968,
Date of Birth/Age 55 years as of December 2023.
Educational : • Bachelor of Economics and Development Studies from Padjadjaran
Background University (UNPAD) Bandung (1992).
• Master of Management from Gajah Mada University (UGM)
Yogyakarta (1999).
Legal Basis of : Since 2023, he has served as Acting Vice President of Sharia Busienss
Appointment Support based on the Decree of the Board of Directors No. 062/041/
DIR/HCP/KEP May 31, 2023.
Work Experience : He joined Bank Jatim in 2009. Prior to occupying his current position,
he served as Branch Leader of Sharia Surabaya (2009) and Head of Sub
Division of Sharia Business Unit Financing (2016), Acting Compliance
Head of Sharia Business Division (2022).
Syaiful Bakhri
Acting as Compliance Head of Security Unit
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and : Born in Bojonegoro in 1978,
Date of Birth/Age 45 years as of December 2023.
Educational : Bachelor of Computer from Budi Luhur College of Information and
Background Computer Management (2001).
Legal Basis of : Since 2023, he has served as Acting Compliance Head of IT Security
Appointment Unit based on Appointment Letter No. 062/2002/HCP/HOHC/SRT
October 18, 2023.
Work Experience : Joined Bank Jatim in 2001. Prior to his current position, he served
as Head of IT Governance & Security Subdivision of Information
Technology Division (2018), AVP of Infrastructure & Operations of
Information Technology Division (2023).
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 139
Page 142
Santoso
Head of Credit Administration Unit
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and : Born in Jember in 1970,
Date of Birth/Age 53 years as of December 2023.
Educational : Bachelor of Law from Univeristy of Panca Marga Probolinggo (2001).
Background
Legal Basis of : Since 2023, he has served as Head of Credit Administration Unit
Appointment based on Appointment Letter No. 062/218/HCP/KPH/KEP December
30, 2022.
Work Experience : Joined Bank Jatim in 1995. Prior to his current position, he served as
Head of Maron Sub Branch (2017), Head of Micro Credit Subdivision
of Micro Credit & Program Division (2021), Head of Credit Operations
Subdivision of Operations (2022).
Retno Handayani
Compliance Head of Institutional Relations Unit
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and : Born in Jakarta in 1974,
Date of Birth/Age 49 years as of December 2023.
Educational : • Bachelor of Economics from University of Wiraswasta Indonesia
Background (2002).
• Master in Management from University of Trisakti (2013).
Legal Basis of : Since 2023, he has served as Acting Compliance Head of Institutional
Appointment Relations Unit based of Appointmnet Letter No. 062/041/DIR/HCP/
KEP May 31, 2023.
Work Experience : Joined Bank Jatim in 2016. Prior to his current position, he served
as Head of Operations of Jakarta Branch (2017), Head of Business of
Jakarta Branch (2020), Head of Subdivision of of Institution Service
Fund and Corporate Fund and Services Division (2021).
PT Bank Pembangunan Daerah Jawa Timur Tbk
140 2023 Annual Report
Page 143
COMPANY
PROFILE
Employee
Profile
Number of Employees by Gender
Table of Number of Employees by Gender (in person)
Gender 2023 2022
Male 2.512 2.436
Female 2.032 1.932
Total 4.544 4.368
Number of Employees by Position Level
Table of Number of Employees by Position Level (in person)
2023 2022
Position Level
Male Female Total Male Female Total
NO 244 - 244 260 3 263
S, C & T 1.507 1.420 2.927 1.491 1.332 2.823
Pll, Pngl, PK, Au, ARM and An 491 435 926 445 433 878
PBO, PCP, S.Au & RM 176 139 315 150 128 278
AVP, PC & PB 64 33 97 74 32 106
VP & PCU 28 2 30 16 4 20
SEVP 2 3 5 - - -
Total 2.512 2.032 4.544 2.370 1.896 4.368
Description:
NO Non Administration PCP Sub-Branch Leader
S, C, & T Staff, Prospective Employees and Employment Contract Workers S.Au Senior Auditor
PII Supervisor RM Relationship Manager
PK Head of Functional Office AVP Assistance Vice President
Au Auditor PC Head of Branch
ARM Assistant Relation Manager PB Head of Field
An Analyst VP Vice President
PBO Head of Operations PCU Head of Main Branch
Pngl Manager SEVP Senior Executive Vice President
Number of Employees by Range of Age
Table of Number of Employees by Range of Age (in person)
2023 2022
Range of Age
Male Female Total Male Female Total
< 30 Years Old 248 331 579 215 300 515
30-54 Years Old 2.162 1.637 3.799 2.119 1.578 3.697
> 54 Years Old 102 64 166 102 54 156
Total 2.512 2.032 4.544 2.436 1.932 4.368
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 141
Page 144
Number of Employees by Education Level
Table of Number of Employees by Education Level (in person)
2023 2022
Education Level
Male Female Total Male Female Total
Non Strata 233 109 342 266 144 410
S1 2.076 1.796 3.872 1.984 1.672 3.656
S2 198 127 325 183 116 299
S3 5 - 5 3 - 3
Total 2.512 2.032 4.544 2.436 1.932 4.368
Number of Employees by Employment Status
Table of Number of Employees by Employment Status (in person)
2023 2022
Employment Status
Male Female Total Male Female Total
Permanent employees 2.347 1.878 4.225 2.370 1.896 4.266
Temporary employees 165 154 319 66 36 102
Outsourcing 1.765 256 2.021 1.815 380 2.195
Total 4.277 2.288 6.565 4.251 2.312 6.563
PT Bank Pembangunan Daerah Jawa Timur Tbk
142 2023 Annual Report
Page 145
COMPANY
PROFILE
Shareholders
Composition
Table of Bank Jatim Shareholder Composition as of January 1, 2023
Share Ownership Structure
Shareholders
Number of Shares Value (IDR) Ownership
SERIES A SHARES
Government of East Java Province 7.676.913.648 1.919.228.412.000 51,13%
Surabaya City 319.243.457 79.810.864.250 2,13%
Malang City 108.635.999 27.158.999.750 0,72%
Madiun City 134.064.427 33.516.106.750 0,89%
Mojokerto 72.091.751 18.022.937.750 0,48%
Kediri City 14.208.273 3.552.068.250 0,09%
Probolinggo City 17.397.927 4.349.481.750 0,12%
Blitar City 16.987.084 4.246.771.000 0,11%
Pasuruan City 100.075.767 25.018.941.750 0,67%
Batu City 38.236.741 9.559.185.250 0,25%
Gresik Regency 220.213.170 55.053.292.500 1,47%
Malang Regency 253.635.445 63.408.861.250 1,69%
Mojokerto Regency 78.373.801 19.593.450.250 0,52%
Madiun Regency 32.660.478 8.165.119.500 0,22%
Kediri Regency 144.925.510 36.231.377.500 0,97%
Probolinggo Regency 125.931.454 31.482.863.500 0,84%
Blitar Regency 39.496.395 9.874.098.750 0,26%
Pasuruan Regency 44.610.500 11.152.625.000 0,30%
Bojonegoro Regency 300.288.632 75.072.158.000 2,00%
Magetan Regency 19.594.792 4.898.698.000 0,13%
Tulungagung Regency 70.697.975 17.674.493.750 0,47%
Trenggalek Regency 84.640.532 21.160.133.000 0,56%
Pacitan Regency 53.520.271 13.380.067.750 0,36%
Lamongan Regency 101.318.315 25.329.578.750 0,67%
Ponorogo Regency 23.555.596 5.888.899.000 0,16%
Banyuwangi Regency 270.036.117 67.509.029.250 1,80%
Tuban Regency 217.418.404 54.354.601.000 1,45%
Jember Regency 111.866.875 27.966.718.750 0,75%
Ngawi Regency 215.763.995 53.940.998.750 1,44%
Jombang Regency 26.792.899 6.698.224.750 0,18%
Bondowoso Regency 87.207.357 21.801.839.250 0,58%
Lumajang Regency 67.206.045 16.801.511.250 0,45%
Sidoarjo Regency 370.155.850 92.538.962.500 2,47%
Situbondo Regency 76.374.593 19.093.648.250 0,51%
Nganjuk Regency 77.217.854 19.304.463.500 0,51%
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 143
Page 146
Share Ownership Structure
Shareholders
Number of Shares Value (IDR) Ownership
Pamekasan Regency 40.592.928 10.148.232.000 0,27%
Sumenep Regency 144.228.431 36.057.107.750 0,96%
Bangkalan Regency 36.793.459 9.198.364.750 0,25%
Sampang Regency 101.175.235 25.293.808.750 0,67%
SAHAM SERI B
Public 3.081.350.100 770.337.525.000 20,52%
TOTAL 15.015.498.082 3.753.874.520.500 100%
The composition of shareholders as of December 31, 2023 has not changed with the same composition as of January 1, 2023.
Composition of 20 Largest Shareholders
Table of Composition of the 20 Largest Shareholders of Bank Jatim as of January 1, 2023
Number of
No. Shareholders Status Ownership
Shares
1 PT TASPEN (ASURANSI) - AFS 305.061.900 Limited Company 9,90%
2 PT MNC SEKURITAS 134.810.700 Individual Indonesia 4,38%
3 CITIBANK LONDON S/A MUTUAL FUND EQEMERGING 130.000.000 Institution - Foreign 4,22%
DIVIDEND (UCITS)
4 PT TASPEN 109.442.800 Permanent Business Entities 3,55%
5 PT YULIE SEKURITAS INDONESIA TBK 103.283.026 Broker 3,35%
6 BBH LUXEMBOURG S/A FIDELITY FUNDS, SICAV-INDONESIA FD 73.442.300 Institution - Foreign 2,38%
7 STATE STREET BANK-GOLDMAN SACHS FUNDS 63.786.500 Institution - Foreign 2,07%
8 PT KOREA INVESTMENT AND SEKURITAS INDONESIA 57.573.900 Individual Indonesia 1,87%
9 CITIBANK NEW YORK S/A GOVERNMENT OF NORWAY - 16 49.000.000 Norway - Tax Treaty 1,59%
10 STATE STREET BANK-BERNSTEIN FUND,INC.- INTERNATIONAL 47.991.500 Institution - Foreign 1,56%
SMALL CAP PORTFOLIO
11 BNYM RE ACADIAN EM MKTS SM ALL CAP EQ FD LLC- 44.014.890 Institution - Foreign 1,43%
2039925167
12 PT INDO PREMIER SEKURITAS 42.574.100 Individual Indonesia 1,38%
13 BNYM RE GOLDMAN SACHS TRUST-GS EM MAR EQ INS FD- 39.513.600 Institution - Foreign 1,28%
2039927833
14 PT MIRAE ASSET SEKURITAS 35.881.800 Individual Indonesia 1,16%
15 CITIBANK NEW YORK S/A EMERGING MARKETS CORE EQUITY 31.858.200 United States of America - 1,03%
PORTFOLIO OF DFA INV DIMENSIONS GRP INC. Tax Treaty
16 STATE STREET BANK-ISHARES MSCI INDONESIA ETF 30.746.400 United States of America - 1,00%
Tax Treaty
17 DZ PRIVATBANK S/A CH GALILEO ASIA FUND 28.898.900 Institution - Foreign 0,94%
18 BNYM RE ENSIGN PEAK ADV, INC.-2039925380 26.737.100 United States of America - 0,87%
Tax Treaty
19 STATE STREET BANK-CALIFORNIA STATE TEACHERS 24.239.300 United States of America - 0,79%
RETIREMENT SYSTEM Tax Treaty
20 CITIBANK NEW YORK S/A GEORGETOWN EMERGING 23.523.900 Institution - Foreign 0,76%
MARKETS FUND SPC LIMITED-SIERRA DORADA FUND SP
PT Bank Pembangunan Daerah Jawa Timur Tbk
144 2023 Annual Report
Page 147
COMPANY
PROFILE
Table of Composition of the 20 Largest Shareholders of Bank Jatim as of December 31, 2023
Number of
No. Shareholders Status Ownership
Shares
1 PT TASPEN (ASURANSI) - AFS 305.061.900 Limited Company 9,90%
2 CITIBANK LONDON S/A MUTUAL FUND EQ EMERGING DIVIDEND 130.000.000 Institution - Foreign 4,22%
(UCITS)
3 PT MNC SEKURITAS 116.000.000 Individual Indonesia 3,76%
4 PT Taspen 109.442.800 Limited company 3,55%
5 BNYM RE ACADIAN EM MKTS SM ALL CAP EQ FD LLC-2039925167 44.014.890 Institution - Foreign 1,43%
6 STATE STREET BANK-BERNSTEIN FUND,INC.- INTERNATIONAL 43.073.500 Institution - Foreign 1,40%
SMALL CAP PORTFOLIO
7 STATE STREET BANK-GOLDMAN SACHS FUNDS 38.700.300 Institution - Foreign 1,26%
8 PT INDO PREMIER SEKURITAS 35.281.800 Individual Indonesia 1,15%
9 PT MIRAE ASSET SEKURITAS INDONESIA 32.306.900 Individual Indonesia 1,05%
10 CITIBANK NEW YORK S/A EMERGING MARKETS CORE EQUITY 31.858.200 Individual Indonesia 1,03%
PORTFOLIO OF DFA INV DIMENSIONS GRP INC.
11 CITIBANK NEW YORK S/A GEORGETOWN EMERGING MARKETS 31.386.200 Institution - Foreign 1,02%
FUND SPC LIMITED-SIERRA DORADA FUND SP
12 PANIN SEKURITAS, PT 31.023.500 Institution - Foreign 1,01%
13 DZ PRIVATBANK S/A CH GALILEO ASIA FUND 28.898.900 Limited company 0,94%
14 CITIBANK NEW YORK S/A GOVERNMENT OF NORWAY - 16 27.000.000 Institution - Foreign 0,88%
15 BNYM RE ENSIGN PEAK ADV, INC. 26.737.100 Institution - Foreign 0,87%
16 STATE STREET BANK-ISHARES MSCI INDONESIA ETF 25.583.100 Institution - Foreign 0,83%
17 PT CEALMI KHIEZT INDONESIA 25.170.400 Institution - Foreign 0,82%
18 BNYM RE GOLDMAN SACHS TRUST-GS EM MAR EQ INS FD- 22.175.900 Limited company 0,72%
2039927833
19 JPMCB NA RE - BLACKROCK INST TR CO N A INVESTMENT FDS 20.382.800 Institution - Foreign 0,66%
FOR EMPLOYEE BENEFIT TRUSTS
20 PT TRIMEGAH SEKURITAS INDONESIA TBK 20.000.000 Institution - Foreign 0,65%
Composition of Shareholders 5% or More
Table of Shareholder Composition of 5% or More Bank Jatim as of January 1, 2023
Shareholders Number of Shares Ownership
Pemerintah Daerah Tingkat I Provinsi Jawa Timur 7.676.913.648 51,13%
The composition of shareholders of 5% or more as of December 31, 2023 does not change with the same composition as on January
1, 2023.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 145
Page 148
Composition of Public Shareholders Less than 5%
Table of Composition of Public Shareholders of Less than 5% of Bank Jatim as of January 1, 2023
Number of
Public Share Ownership Number of Shares Ownership
Shareholders
LOCAL
Individual 54.693 1.404.961.407 9,357%
Regional government 39 11.934.147.982 79,479%
Foundation 2 1.257.900 0,008%
Pension Fund 13 422.439.100 2,813%
Insurance 3 16.139.100 0,107%
Bank 1 727.500 0,005%
Limited Company 53 186.270.109 1,241%
Mutual Fund 6 16.125.996 0,107%
Sub Total 54.810 13.982.069.094 93,118%
FOREIGN
Individual 14 1.051.100 0,007%
Foreign Business Entity 161 1.032.377.888 6,875%
Sub Total 175 1.033.428.988 6,882%
TOTAL 54.985 15.015.498.082 100%
Table of Composition of Public Shareholders Less than 5% of Bank Jatim as of December 31, 2023
Number of
Public Share Ownership Number of Shares Ownership
Shareholders
LOCAL
Individual 59.761 1.684613.407 11,219%
Regional government 39 11.934.147.982 79,479%
Foundation 1 1.360.500 0,009%
Pension Fund 11 7.993.200 0,053%
Insurance 3 11.987.400 0,080%
Bank 1 23.000 0%
Limited Company 56 523.468.596 3,486%
Mutual Fund 5 18.864.411 0,126%
Sub Total 59.844 2.248.336.514 94,452%
FOREIGN
Individual 37 1.843.900 0,012%
Foreign Business Entity 151 831.195.686 5,535%
Sub Total 188 833.039.586 5,547%
TOTAL 60.065 15.015.498.082 100%
PT Bank Pembangunan Daerah Jawa Timur Tbk
146 2023 Annual Report
Page 149
COMPANY
PROFILE
Share Ownership of Directors and Board of Commissioners
Table of Share Ownership of the Directors and Board of Commissioners of Bank Jatim as of January 1, 2023
No. Name Position Number of Shares Ownership
BOARD OF DIRECTORS
1. Busrul Iman President Director 1.946.500 0,0129633%
2. Tonny Prasetyo Director of Operations 628.500 0,0041857%
4. Edi Masrianto Director of Finance, Treasury & Global Services - -
5. R. Arief Wicaksono Director of Micro, Retail & Medium 126.300 0,0008411%
6. Zulhelfi Abidin Director of IT & Digital - -
7. Eko Susetyono Director of Risk Management - -
BOARD OF COMMISSIONERS
1. Suprajarto *
President Commissioner - -
2. Muhammad Mas’ud Independent Commissioner - -
3. Candra Fajri Ananda Independent Commissioner - -
4. Sumaryono Independent Commissioner - -
5. Heru Tjahjono **
Commissioner 274.200 0,0018261%
TOTAL 2.975.500 0,0198162 %
* Stopped serving since December 19, 2023
** Stopped serving since April 12, 2023
Table of Share Ownership of the Directors and Board of Commissioners of Bank Jatim as of December 31, 2023
No. Name Position Number of Shares Ownership
BOARD OF DIRECTORS
1. Busrul Iman President Director 2.958.900 0,0197056%
2. Tonny Prasetyo Director of Compliance 1.067.400 0,0071087%
3. Edi Masrianto Director of Finance, Treasury & Global Services 327.600 0,0021817%
4. R. Arief Wicaksono Director of Micro, Retail & Medium 728.200 0,0048497%
5. Zulhelfi Abidin Director of IT & Digital 24.200 0,0001612%
6. Eko Susetyono Director of Risk Management 124.100 0,0008265%
7. Arif Suhirman Director of Operations - -
BOARD OF COMMISSIONERS
1. Suprajarto* President Commissioner 191.000 0,0012722%
2. Muhammad Mas’ud Independent Commissioner - -
3. Candra Fajri Ananda Independent Commissioner - -
4. Sumaryono Independent Commissioner - -
5. Adhy Karyono Commissioner - -
TOTAL 5.421.400 0,0361054%
* Stopped serving since December 19, 2023
As of December 31, 2023, the Board of Commissioners and Board of Directors of Bank Jatim do not have indirect share ownership.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 147
Page 150
Shares Ownership of the Senior Management
Until December 31 2023, Bank Jatim Senior Management does not have direct and indirect ownership of Bank shares.
Classification of Shareholders
Table of Classification of Bank Jatim Shareholders as of December 31, 2023
Share Ownership Number of Shareholders Number of Shares (sheet) Ownership
Local Institution 116 12.497.845.089 83,233%
Foreign Institution 151 831.195.686 5,536%
Local Individual 59.767 1.684.639.407 11,22%
Foreign Individual 32 1.817.900 0,012%
Total 60.065 15.015.498.082 100%
Main and Controlling
Shareholders
The majority share ownership of Bank Jatim is owned by the East Java Provincial
Goverment of East Java Province
Government, with 51.13%. Thus, the Main and Controlling Shareholders of Bank
(51,13%)
Jatim are the East Java Provincial Government. The main shareholder and controlling
shareholder do not have indirect share ownership.
List of Subsidiaries, Associated Entities
and Joint Venture Company
As of December 31, 2023, Bank Jatim does not have any Subsidiaries, Associated Entities and joint venture companies, so that there
is no information available regarding: Names of subsidiaries, associates and joint venture companies, Percentage of share ownership;
Description of the line of business and information on the operating status of subsidiaries, associates and joint venture companies
(already operating or not yet operating).
PT Bank Pembangunan Daerah Jawa Timur Tbk
148 2023 Annual Report
Page 151
COMPANY
PROFILE
Company Group
Structure
The Government of East Java The Local Government of all
Public
province districts/ cities inEast Java
(20,52%)
(51,13%) (28,35%)
Series A Share Holders Series B Share Holders
PT Bank Pembangunan Daerah Jawa Timur Tbk
As of December 31, 2023, Bank Jatim does not have any Subsidiaries, Associated Entities, Joint Ventures, and Special Purpose
Vehicles (SPV).
Information
of Bank Business Group
As of December 2023, Bank Jatim has not become Bank Busniess Group. Therefore, there is no information on the structure of
the Bank Business Group, management linkage structure in the Bank Business Group and shareholders acting on behalf of other
shareholders.
Chronology
of Share Issuance
Bank Jatim issues shares consisting of Series A Shares which are owned by the East Java Provincial Government, and Series B Shares
which are offered to the public.
INITIAL PUBLIC OFFERING
On July 12, 2012, Bank Jatim conducted an Initial Public shares (Series B) at an offering price of IDR430 per share, so
Offering (IPO) by offering new shares of 2,983,537,000 ordinary that the total number of shares to be listed on the Indonesia
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 149
Page 152
Stock Exchange amounted to 14,768,508,132 (fourteen billion The MESOP Phase I Program was implemented from August
seven hundred sixty-eight million five hundred eight million 1, 2016 to November 13, 2016, February 1, 2017 to March 13,
thousand one hundred thirty-two) shares or 99% (ninety-nine 2017, August 1, 2017 to November 13, 2017, February 1, 2018
percent) of the total issued and fully paid-up capital after to March 15, 2018, August 1, 2019 to September 11, 2019.
the Public Offering. Of the total shares offered, as much as The MESOP Phase II 2017 Program was implemented from
10% (ten percent) will be allocated to employees and the August 1, 2017 to November 13, 2017, February 1, 2018 to
Company’s Management through the ESA (Employee Stock March 15, 2018, February 1, 2019 to March 18, 2019, August
Allocation) Program. Bank Jatim has implemented the MESOP 1, 2019 to September 11, 2019. The MESOP Phase III Program
(Management Employee Stock Option Plans) program from was implemented from August 1, 2018 to September 14,
2016 to 2020 with new shares (Series B) of 13,127,500 shares. 2018, February 1, 2019 to March 18, 2019, August 1, 2019 to
So that the total Paidin Capital on December 31, 2020, will be September 11, 2019.
IDR3,753,874,520,500 or 15,015,498.082 shares.
NAME OF THE EXCHANGE WHERE THE COMPANY’S
In connection with the initial public offering, the Bank SHARES ARE LISTED
implemented the Employee Stock Allocation (ESA) program by All shares of Bank Jatim have been listed on the Indonesia
allocating a maximum of 10% of the shares offered and issuing Stock Exchange.
as many stock options as possible for the Management and
Employee Stock Option Plan (MESOP) program 0.71% of the
total issued and fully paid capital after the initial public offering.
Table of Chronology of Bank Jatim Shares Issuance
Nominal Value Offer Price
No. Period Information Stock
(IDR) (IDR)
1 Before IPO - - - -
2 2012 Initial Public Offering Series B Shares 250 430
3 2016 MESOP Exercise II 2016 Series B Shares 250 409
4 2017 MESOP Exercise I 2017 Series B Shares 250 450
5 Series B Shares 250 450
MESOP Exercise II 2017
409
6 2018 Series B Shares 250 450
MESOP Exercise I 2018
409
7 Series B Shares 250 409
MESOP Exercise II 2018
599
8 2019 Series B Shares 250 409
MESOP Exercise I 2019
599
9 Series B Shares 250 450
MESOP Exercise II 2019 409
599
10 2020 Series B Shares 250 409
MESOP Exercise I 2020
599
PT Bank Pembangunan Daerah Jawa Timur Tbk
150 2023 Annual Report
Page 153
COMPANY
PROFILE
Chronology of Issuance
and/or Listing of Bond
As of December 31, 2023, Bank Jatim has not issued bonds, so there is no information on the chronology of the issuance and/or
listing of bonds.
Chronology of Issuance
and/or Listing of Other Securities
As of December 31, 2023, Bank Jatim has not issued other securities, so there is no information on the chronology of the issuance
and/or recording of other securities..
Issued and Paid Up Capital
Number of Shares Issued
(share) Number of shares Total value Nominal Total Bid Price
(share) (IDR) (IDR)
- - - -
2.983.537.000 14.917.684.982 3.729.421.245.500 1.282.920.910.000
27.372.600 14.945.057.582 3.736.264.395.500 11.195.393.400
1.241.600 14.946.299.182 3.736.574.795.500 558.720.000
1.800.500 14.974.591.382 3.743.647.845.500 810.225.000
26.491.700 10.835.105.300
297.700 14.975.852.582 3.743.963.145.500 133.965.000
963.500 394.071.500
365.400 14.978.134.982 3.744.533.745.500 149.448.600
1.917.000 1.148.283.000
48.500 14.993.772.982 3.748.443.245.500 19.836.500
15.589.500 9.338.110.500
1.062.100 15.002.370.582 3.750.592.645.500 477.945.000
741.500 303.273.500
6.794.000 4.069.606.000
3.163.900 15.015.498.082 3.753.874.520.500 1.294.035.100
9.963.600 5.968.196.400
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 151
Page 154
Information on Using the Services
of Public Accounting
and Public Accounting Firm
Public Accountant Firm Name Kantor Akuntan Publik (KAP) Paul Hadiwinata, Hidajat, Arsono, Retno, Palilingan & Rekan
Association Network PKF International
Public Accountant Firm Address UOB Plaza Lantai 30 dan 42
Jl. M.H. Thamrin Lot 8 -10, Jakarta Pusat
Tel : (021) 29932121 (hunting)
Fax : (021) 29932113
Email : jkt-office@pkfhadiwinata.com
Public Accountant Name Ary Daniel Hartanto
KAP Assignment Period 5th period
AP Assignment Period 3rd period
Audit Services Public Accountant Services for Examination of the Annual Financial Statements of PT Bank Pembangunan
Daerah Jawa Timur Tbk ended on December 31, 2022, including Sharia Business Units Included General
Audit of Financial Statements, Examination of Financial Statements, Examination of Financial Statements, and
Review of Reports.
Non - Audit Services There are non non-audit services
Audit Fee Rp1.175.000.000
Non-Audit Fee -
Supporting Institutions
and/or Professions
PT PEMERINGKAT EFEK INDONESIA (PEFINDO)
Panin Tower-Senayan City, 17th floor
Jl. Asia Afrika Lot 19 Jakarta 12170
Telp : (021) 727 82380
Fax : (021) 727 82370
Web : www.pefindo.com
Services rendered : Issuing ratings for debt securities issuance
SECURITIES RATING AGENCY Assignment Period : Fiscal Year 2022
KJPP SUSAN WIDJOJO & REKAN
Menara Batavia, lantai 28
Jl. KH Mas Mansyur Kav. 120, Jakarta 10220
Telp: (021) 5795 0155
Services rendered : Issuing ratings for debt securities issuance
Assignment Period : Tahun Buku 2022
PT Bank Pembangunan Daerah Jawa Timur Tbk
152 2023 Annual Report
Page 155
COMPANY
PROFILE
PT DATINDO ENTRYCOM
Jl. Hayam Wuruk No. 28, Jakarta 10120
SECURITIES ADMINISTRATION Telp: (021) 3508077
BUREAU Fax: (021) 3508078
Services provided : Record ownership of Securities and distribution of rights related to Securities
Assignment Period : Fiscal Year 2023
PT BAHANA SEKURITAS
Graha Niaga, Lantai 19,
Jl. Jend. Sudirman Kav. 58, Jakarta 12190
Telp : (021) 250 5678
Fax : (021) 250 5087
Services provided : Guarantee the sale of securities and payment of the total value of the securities issued
to the issuer
Assignment Period : Fiscal Yea 2022
SECURITIES GUARANTEE
PT MANDIRI SEKURITAS
Plaza Mandiri, Lantai 28-29
Jl. Jend. Gatot Subroto Kav. 36-38, Jakarta 12190 Indonesia
Telp : (021) 526 5678
Fax : (021) 526 505
Services provided : Guarantee the sale of securities and payment of the total value of the securities issued
to the issuer
Assigment Period : Fiscal Year 2023
PT KUSTODIAN SENTRAL EFEK INDONESIA
Gedung Bursa Efek Indonesia, Tower I, Lantai 5
Jl. Jendral Sudirman Kav. 52– 53, Jakarta 12190
Telp : (021) 515 2855
CUSTODIAN Fax : (021) 5299 1199
Web : www.ksei.co.id
Services provided : Collective depository of assets such as shares, bonds, as well as carrying out client
administration tasks.
Assignment Period : Fiscal Year 2023
SITARESMI PUSPADEWI SUBIANTO, S.H.
Jl. Kebon rojo No. 2 CC, Surabaya 60175, Indonesia
Telp : (031) 351 1282, 352 1285, 353 2822
NOTARY Fax : (031) 352 2311
Services provided : Membuat Make deed of summary of minutes of GMS and deed of minutes of GMS.
Assignment Period : Fiscal Year 2022
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 153
Page 156
Awards
and Certification
AWARDS
Award Name: Award Name: Award Name:
Rank I in the 2023 Engagement Index Rank I in the 2023 Satisfaction Index Rank I in the 2023 Customer Service
Event: Event: Satisfaction Index
6th Infobank MRI Satisfaction, Loyalty, 6th Infobank MRI Satisfaction, Loyalty, Event:
Engagement and Corporate Reputation Engagement and Corporate Reputation 6th Infobank MRI Satisfaction, Loyalty,
Award 2023 Award 2023 Engagement and Corporate Reputation
Organizer: Organizer: Award 2023
Infobank Infobank Organizer:
Date: Date: Infobank
January 25, 2023 January 25, 2023 Date:
January 25, 2023
Award Name: Award Name: Award Name:
Rank I Satisfaction Index 2023 Teller Rank I Satisfaction Index 2023 ATM Rank I in the 2023 Mobile Banking
Event: Event: Satisfaction Index
6th Infobank MRI Satisfaction, Loyalty, 6th Infobank MRI Satisfaction, Loyalty, Event:
Engagement and Corporate Reputation Engagement and Corporate Reputation 6th Infobank MRI Satisfaction, Loyalty,
Award 2023 Award 2023 Engagement and Corporate Reputation
Organizer: Organizer: Award 2023
Infobank Infobank Organizer:
Date: Date: Infobank
January 25, 2023 January 25, 2023 Date:
January 25, 2023
PT Bank Pembangunan Daerah Jawa Timur Tbk
154 2023 Annual Report
Page 157
COMPANY
PROFILE
Award Name: Award Name: Award Name:
Indonesia Best BUMD Award 2023 in Best Public Relation in Company Rank A in 2021 Sustainability Report
Business Strategy to Optimizing Banking Strategy on Improving Banking Services Event:
Services category BPD and Supporting Local Government Hasil Studi Laporan Keberlanjutan Tahun
Event: Program kategori Regional Bank 2021 Perusahaan Publik di Indonesia
Indonesia Best BUMD Awards 2023 Event: Organizer:
Organizer: Indonesia Public Relation Awards (IPRA) Foundation For International Human
Warta Ekonomi 2023 Rights Reporting Standards (FIHRRST)
Date: Organizer: Date:
January 31, 2023 Warta Ekonomi March 6, 2023
Date:
February 24, 2023
Award Name: Award Name: Award Name:
PT Bank Pembangunan Daerah Jawa The Best Digital Transformation The Best Digital Technology Project
Timur Tbk Category Best Companies (Local Banking Industries) (Local Banking Industries)
Event: Event: Event:
Obsession Awards 2023 Digital Technology & Innovation Awards Digital Technology & Innovation Awards
Organizer: 2023 2023
Obsession Media Group (OMG) Organizer: Organizer:
Date: Itech Itech
March 8, 2023 Date: Date:
March 29, 2023 March 29, 2023
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 155
Page 158
Award Name: Award Name: Award Name:
The Best Chief Information & Digital TOP BUMD 2023 #BPD - Bintang 5 TOP CEO BUMD 2023 - Busrul Iman -
Officer Of The Year Event: President director
(Local Banking Industries) Top BUMD Award 2023 Event:
Event: Organizer: Top BUMD Award 2023
Digital Technology & Innovation Awards Top Business Organizer:
2023 Top Business
Date:
Organizer: April 5, 2023 Date:
Itech April 5, 2023
Date:
March 29, 2023
Award Name: Award Name: Award Name:
Export Supporting BUMD Best Leader for Sustainability Emiten Kategori High Dividen
Event: Acceleration Through Synergy and Event:
East Java International Trade Festival Epansion of Regionl Digitalization Launching Indeks Tempo-IDN
Organizer: Event: Financials 52
Dinas Perindustrian dan Perdagangan Indonesia Financial Top Leader Awards Organizer:
Provinsi Jawa Timur 2023 Tempo
Date: Organizer: Date:
May 30, 2023 Warta Ekonomi June 23, 2023
Date:
May 31, 2023
PT Bank Pembangunan Daerah Jawa Timur Tbk
156 2023 Annual Report
Page 159
COMPANY
PROFILE
Award Name: Award Name: Award Name:
Best Bank 2023 For the Provision of The Best Financial Performance Bank in Excellent Financial Performance Bank
Facilities and Market Access for MSME’s 2022 (KBMI 2) in 2022
Event: Event: Event:
Best Bank Awards 2023 28th Infobank Award 2023 28th Infobank Award 2023
Organizer: Organizer: Organizer:
Warta Ekonomi Infobank Infobank
Date: Date: Date:
July 24, 2023 August 25, 2023 August 25, 2023
Award Name: Award Name: Award Name:
Best BUMD Digital Innovation The Most Comitted GRC Leader 2023 TOP GRC Awards #star 5
“Excellent Award for Strategic Initiative “ Busrul Iman Main Director “ Event:
Jconnect Pro” Event: TOP GRC Awards 2023
Event: TOP GRC Awards 2023 Organizer:
Indonesia Awards 2023 Organizer: Top Business
Organizer: Top Business Date:
Inews Date: September 6, 2023
Date: September 6, 2023
August 31, 2023
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 157
Page 160
Award Name: Award Name: Award Name:
Top 50 Best Issuers with Medium ICAII Bank Jatim category Product Rank III BPD Large Category
Capitalization (MidCap PLCs) in the Best Innovation & Business Model 5 pillars of Event:
Financial Sector Category Transformation BUMD Awards 2023
Event: Event: Organizer:
Corporate Governance Conference IDX Channel nuegerah Inovasi Indonesia Kementerian Dalam Negeri
Award 2023 (ICAII) Republik Indonesia
Organizer: Organizer: Date:
Indonesia Institute for Corporate IDX Channel September 29, 2023
Directorship (IICD) Date:
Date: September 20, 2023
September 18, 2023
Award Name: Award Name: Award Name:
Best Chief Financial Officer (CFO) 2023 Gold Rank Most Expansive Regional Bank in Micro
Event: Event: & SME Lending
Orchestrating Financial Resources & The Asia Sustainability Reporting Rating Event:
Strategy to achieve top performance (ASRRAT) Road to CNBC Indonesia Awards 2023
Organizer: Organizer: Organizer:
SWA Media National Center for Corporate Reporting CNBC Awards
Date: (NCCR) Date:
October 4, 2023 Date: November 10, 2023
November 6, 2023
PT Bank Pembangunan Daerah Jawa Timur Tbk
158 2023 Annual Report
Page 161
COMPANY
PROFILE
Award Name: Award Name: Award Name:
The Best Innovation in Regional Banking 1st place in the BUMD Financial Commitment to the Best MSME
Event: Company category Development
CSA Awards 2023 Event: Event:
Organizer: Annual Report Awards (ARA) 2022 Anugerah Syariah Republika 2023
Asosiasi Analis Efek Indonesia (AAEI) dan Organizer: Organizer:
CSA Community Bursa Efek Indonesia (BEI) Republika Group
Date: Date: Date:
November 23, 2023 November 27, 2023 November 30, 2023
Award Name: Award Name: Award Name:
Top Leader on Digital Implementation Top Digital Implementation 2023 #star5 Regional Bank with Simultaneous
2023 “Busrul Iman” Event: Consumer Credit Agreements with the
Event: TOP Digital Awards 2023 Most Debtors
TOP Digital Awards 2023 Organizer: Event:
Organizer: Majalah IT Works Akad Massal Kredit Konsumer
Majalah IT Works Bank Jatim
Date:
Date: December 4, 2023 Organizer:
December 4, 2023 MURI Indonesia
Date:
December 12, 2023
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 159
Page 162
Award Name: Award Name: Award Name:
Umrah Reward BPKH BPS BPIH 2nd best Hajj registrant in 2023 BPS BPIH Sustainable Finance 2023
kategori BPD 5th best Event: 3rd best
Event: BPKH Awards 2023 Event:
BPKH Awards 2023 Organizer: BPKH Awards 2023
Organizer: Badan Pengelola Keuangan Haji (BPKH) Organizer:
Badan Pengelola Keuangan Haji (BPKH) Date: Badan Pengelola Keuangan Haji (BPKH)
Date: December 15, 2023 Date:
December 15, 2023 December 15, 2023
CERTIFICATION
Certification Type: Certification Type:
Sertifikat ISO/IEC 27001:2022 ISO 37001:2016
(International Standard for Information Anti-Bribery Management System
Security Management Systems) Validation:
Validation: December 18, 2023 – December 17, 2026
October 21, 2022 – October 20, 2025 Certification Recipient:
Certification Recipient: Bank Jatim
Bank Jatim Dikeluarkan Oleh:
Issued by: PT TUV Nord Indonesia
Lembaga Sertifikasi Bureau Veritas Indonesia
PT Bank Pembangunan Daerah Jawa Timur Tbk
160 2023 Annual Report
Page 163
COMPANY
PROFILE
Information Available
on the Website
The availability of information on website refers to the Regulation of OJK No. 8/ POJK.04/2015 regarding Website of Issuers or
Public Companies. Thus, Bank Jatim has provided various key information on its official website, such as information on shareholders,
organizational structure, financial performance analysis, as well as profiles of Board of Commissioners and Board of Directors. In
addition, the Bank’s website displays the following information;
YOUR NEEDS MSME PARTNER
Contains all information on customer and community needs Contains information on MSME Partners of Bank Jatim
which include Savings, Financing, Business, Sharia, Services, accessible by the public and the Bank’s customers.
Investor Relations, Corporate Governance, Bank Jatim Peduli,
Interest Rates, and Information. INTERNET BANKING
Contains information on Bank Jatim’s Internet Banking usage
PROFILE guide and Internet Banking Portal.
Contains information on Bank’s Profile, Management, and
Awards. ONLINE REGISTRATION
Contains information on MSME Partners of Bank Jatim
CAREER accessible by the public and the Bank’s customers.
Contains information on Career Management and Information
on Recruitment.
ARA Criteria Description
Shareholder information up to individual final owners Available
Contents of the Code of Conduct Available
Information on the General Meeting of Shareholders (GMS) at least includes the material for the agenda dis- Available
cussed in the GMS, summary of the minutes of the GMS, and important date information, namely the date of
the announcement of the GMS, the date of the sum-mons for the GMS, the date of the GMS, the date of the
summary of the minutes of the GMS was announced
Separate annual financial statements (last 5 years) Available
Profile of the Board of Commissioners and Directors Available
Charter of the Board of Commissioners, Board of Direc-tors, Committees, and the Internal Audit Unit Available
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 161
Page 164
MANAGEMENT
DISCUSSION
AND ANALYSIS
of Bank
Performance
PT Bank Pembangunan Daerah Jawa Timur Tbk
162 2023 Annual Report
Page 165
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 163
Page 166
Economic
Review
Global Economic Analysis
Until January 2024, official data regarding the extent of world Energy commodity prices were on a positive trend, though they
economic growth has not been conclusively provided yet by were lower than 2022. Additionally, agricultural commodity
various sources. However, in its Quarter III-2023 Monetary prices were still sloping, and metal base prices were varied, as
Policy Report, Bank Indonesia predicted economic growth well as precious metal prices were strengthening.
in 2023 of 2.9%. The Quarter III-2023 Indonesian and World
Economic Development Report by Bappenas stated that the In most countries, central banks tended to maintain their
global economic recovery tends to retard, which is reflected interest rates as inflation subsides. The Federal Reserve held
in the unequal speed of global economic growth in Quarter the rate of increase in the Fed Funds Rate (FFR) interest rate at
III-2023 and influenced by, such as, tight financial conditions, a range of 5.25%-5.50% throughout Quarter III-2023, which was
vulnerable trade growth, lower optimism in the business aspect the highest level in the last 22 years. This policy was stipulated
and consumers, escalated geopolitical tensions after the Russia- by considering the fluctuation in inflation since the Covid-19
Ukraine war, the development of the Palestine-Israel conflict, lockdown, which had sharply declined from an annual rate of
the impact of tightening monetary policy, and extreme weather. 9.1% in June 2023 to 3.7% in September 2023. However, this
Further, the United States economy grew by 2.9% (yoy); China inflation rate was still above the Fed’s target of 2% in the mid of
developed 4.9% (yoy); Japan’s economy retarded 1.2% (yoy); the continued price increasing signal.
South Korea increased 1.4% (yoy); and Singapore extended 1,
1% (yoy). Most countries’ central banks inclined to maintain their
interest rates, which was in accordance with relieving inflation.
PT Bank Pembangunan Daerah Jawa Timur Tbk
164 2023 Annual Report
Page 167
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
The following is reference of benchmark interest rates in several BRICS, ASEAN-5 countries, and developed countries.
Table of Benchmark Interest Rates in Several Countries
(in %)
Country July August September
BRAZIL, RUSSIA, INDIA, CHINA, SOUTH AFRICA (BRICS)
Brazil 13.75 13.25 12.75
Russia 8.50 12.00 13.00
India 6.50 6.50 6.50
China/Tiongkok 3.55 3.45 3.45
South Africa 8.25 8.25 8.25
ASSOCIATION OF SOUTHEAST ASIAN NATIONS (ASEAN) 5
Indonesia 5.75 5.75 5.75
Thailand 2.00 2.25 2.50
Phillipines 6.25 6.25 6.25
Malaysia 3.00 3.00 3.00
Vietnam 4.50 4.00 4.50
DEVELOPING COUNTRY
United States of America 5.25-5.50 5.25-5.50 5.25-5.50
Japan (0.1) (0.1) (0.1)
South Korea 3.50 3.50 3.50
Source: CEIC, People’s Bank of China (PBoC)
Japan maintained its relaxed monetary policy with unchangingly resilience of the labor market in many countries were the reasons
negative interest rates at -0.1%, viewing the highest uncertainty for Banco Central do Brasil to lower its interest rates. Brazil’s interest
over the domestic and global growth prospects. The Bank of rate was at 12.75% at the end of Quarter III-2023.
Korea also did the same by maintaining its stable benchmark
interest rates at 3.5% for attempting to limit consumer inflation Then, China reduced its one-year interest rate to 3.45% in Quarter
and household debt, while considering increasing risks to III-2023 in the mid of worsening constraints of property sector,
economic growth prospects. though many measures of stimulus had been taken by the Chinese
government. ASEAN-5 countries kept their unaffected benchmark
While, Russia aggressively raised its interest rate in Quarter III-2023. interest rates along Quarter III-2023, excluding for Thailand.
The increase in August reached 350 bps from 8.5% to 12.0%. The Thailand outstretched its interest rates twice by 25 bps, respectively,
decision of the Russian central bank was taken to maintain the falling and was at the level of 2.50% in Quarter III-2023. The central bank
value of the Ruble and form monetary conditions and dynamics of addressed that current interest rates have reached a neutral level
domestic demand to return inflation to 4% in 2024. Furthermore, and are appropriate to support long-term sustainable growth in
the Russian central bank raised its interest rates again by 100 bps in Southeast Asia’s second largest economy country
Quarter III-2023 to 13%.
Source:
- Monetary Policy Report Quarter III-2023, Bank Indonesia, October 2023
Brazil decisively cut its Selic interest rate twice in Quarter III-2023 with - World Economic Outlook, International Monetary Fund (IMF), October 2023
- Global Economic Data, Indicators, Charts and Forecasts, CEIC, 2023
deduction of 50 bps, respectively. The global environment became - Economic Development in Indonesia and the World Quarter III-2023, Ministry
increasingly uncertain by the continuous process of increasingly of National Development Planning/National Development Planning Agency,
November 2023
sloping inflation, though the condition of high core inflation and the
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 165
Page 168
National Economic Analysis
In the midst of retarding global conditions, the Indonesian economy positively improved in Quarter III-2023, though it
experienced a slowdown to 4.94% (yoy), lower than the growth in Quarter II-2022, which was 5.73% (yoy). This slowdown was
influenced by seasonal factors, the lack of religious holidays and the absence of holidays throughout Quarter III-2023, which
could boost consumption activity.
Picture of Indonesian Economic Growth
(in %)
percent
8.0
7.08
7.0
6.0
5.73
5.17
5.0 4.94
4.0
3.0 3.53
2.0
1.0
0.0
-1.0
-2.0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2021 2022 2023
Source: Central Bureau of Statistics, 2023
Picture of Growth of Gross Domestic Product (GDP) Expenditure Side Quarter III-2023 (in %)
(in %)
percent
6.2
5.8
5.1
-3.8
-4.3
-6.2
Household Government
LNPRT PMTB Export Import
consumption Consumption
Source: Central Bureau of Statistics, November 2023
PT Bank Pembangunan Daerah Jawa Timur Tbk
166 2023 Annual Report
Page 169
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Meanwhile, in terms of expenditure, GDP components mostly Related to production, business sectors almost grew
continued to grow, but other components contracted, such as positively, excluding for Education Services and Government
government consumption, exports, and imports. Consumption Administration, contracted 2.1% and 6.2%, respectively.
of Non-Profit Agencies Serving Households (LNPRT) increased Government administration was one of the sectors experiencing
6.2%, although slowing down compared to the previous contraction in Quarter III-2023. The underperformance of
quarter, Gross Fixed Capital Formation (PMTB) also grew this sector was affected by the lower realization of employee
5.8%. Household consumption continuously developed at expenditure in the National Revenue and Expenditure (APBN),
5.1%, which was in accordance with the firmness of people’s and the absorption capacity of employee expenditure in
purchasing power along with controlled inflation. Quarter III-2023 was lower than Quarter III-2022.
Picture of Growth of Gross Domestic Product (GDP) The three business sectors with the highest growth were
Production Side Quarter III-2023 Transportation and Warehousing at 14.7%, Other Services
at 11.1%, and Accommodation and Food and Beverage at
percent
10.9%. The highest growth sectors were Transportation and
Warehousing, which were influenced by increasing community
Transportation &
14.7 mobility along with the increasing number of visits from both
Warehousing
foreign and domestic tourists.
Other Services 11.1
Spatially, the Indonesian economic structure in Quarter III-2023
Accommodation and was still contributed by the group of provinces on the island
10.9
Food & Beverage of Java with a role in GDP of 57.12%, followed by Sumatra at
22.16%, Kalimantan at 8.08%, Sulawesi at 7 .25%, Bali and Nusa
Company Services 9.4 Tenggara at 2.80%, and Maluku and Papua at 2.59%. The rate
of economic growth in Quarter III-2023 against Quarter III-2022
Information & (yoy) was slower growth in almost all regions of Indonesia; the
8.5
Communication
highest growth was recorded by the group of provinces on the
islands of Maluku and Papua at 9.25%, followed by Sulawesi
Mining 7.0
at 6.44%, Kalimantan and Java at 4.83%, Sumatra at 4.50%;
and, the lowest growth was on the Islands of Bali and Nusa
Construction 6.4 Tenggara, growing at 3.43%.
Industry 5.2
Financial Services
5.2
& Insurance
Trading 5.1
Procurement of
5.1
Electricity and Gas
Water Supply 4.5
Health Services and
2.9
Social Activities
Real Estat 2.2
Agriculture 1.5
Education Services -2.1
Government
-6.2
Ddministration
Source: Central Bureau of Statistics, November 2023
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 167
Page 170
Picture of Indonesia’s Spatial Economic Growth Quarter III-2023
SUMATRA KALIMANTAN SULAWESI MALUKU & PAPUA
22.16% 8.08% 7.25% 2.59%
4.50% 4.83% 6.44% 9.25%
JAVA BALI AND NUSA TENGGARA
Contribution
57.12% 2.80%
Growth
4.83% 3.43%
Source: Central Bureau of Statistics, November 2023
Regardless experiencing turmoil due to highly uncertain global consistency of monetary policy and the tight synergy of
financial market, the Rupiah exchange rate remained stable inflation control between the Government and Bank Indonesia
in Quarter III-2023. The average of the Rupiah exchange rate (Central and Regional) in the Central and Regional Inflation
reached IDR15,216 per USD in Quarter III-2023, failing by 1.95% Control Teams (TPIP and TPID), including the affirmation of
compared to the average in Quarter III-2022. the National Movement of Food Inflation Control (GNPIP) in
various regions.
In Quarter III-2023, domestic inflation experienced a plunging
Source:
trend, where annual inflation (yoy) in July to September was - Economic Development in Indonesia and the World Quarter III-2023, Ministry
3.08%, 3.27% and 2.28%, respectively. Maintaining inflation of National Development Planning/National Development Planning Agency,
November 2023
within the target range could not be separated from the - Central Bureau of Statistics, November 2023
Banking Industry Analysis
In general, national banking performance is still quite good, as reflected in a number of banking performance indicators which remain
good and at a safe level. National banking performance in general is as follows:
Table of National Banking Performance
Description September 2023 2022 2021 2020 2019
INTERMEDIATION
IDR6,907.5 trillion IDR6,498.6 trillion IDR5,820.6 trillion IDR5,547.6 trillion IDR5,683.8 trillion
Banking Credit
8.99% (yoy) 11.6% (yoy) 4.92% (yoy) (2.40%) (yoy) 6.08% (yoy)
IDR8,147.1 trillion IDR8,153.6 trillion IDR7,479.4 trillion IDR6,665.4 trillion IDR5,998.6 trillion
Banking Third Party Fund (TPF)
6.54% (yoy) 9.01% (yoy) 12.21% (yoy) 11.11% (yoy) 6.54% (yoy)
PT Bank Pembangunan Daerah Jawa Timur Tbk
168 2023 Annual Report
Page 171
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Description September 2023 2022 2021 2020 2019
CAPITAL
CAR Banking 27.43% 25.62% 25.66% 23.89% 23.40%
BANKING INTEREST RATES
BI Rate 5.75% 5.60% 3.50% 3.75% 5.00%
FINANCIAL SERVICES INSTITUTION (FSI) RATIO
Credit Risk
Banking Gross NPL 2.43% 2.44% 3.00% 3.06% 2.53%
Liquidity Risk
LDR Banking 84.00% 78.98% 77.49% 82.54% 94.43%
Description and Source:
- Credit figures including non-bank third parties are sourced from Indonesian Banking Statistics, Financial Services Authority (processed)
- Sharia banking performance sourced from Indonesian Banking Statistics, Financial Services Authority (processed)
- BI Rate uses BI – 7 DRR sourced from Bank Indonesia
The meeting of the Board of Governors of Bank Indonesia were maintained at 4.28% and 9.36%, respectively. Bank
(RDG) held on September 20-21, 2023 decided to maintain Indonesia’s stress-test results also showed that banking
BI 7-Day Reverse Repo Rate (BI7DRR) at 5.75%, the deposit resilience remains firm in dealing with global pressures. Bank
facility interest rate 5.00%, and the lending facility interest rate Indonesia will continuously affirm synergy with the Financial
at 6.50%. This decision was consistency of monetary policy to System Stability Committee (KSSK) in mitigating various risks
ensure low and controlled inflation and to maintain economic that potentially disrupt financial system stability and economic
recovery and exchange rate stability. growth momentum.
Banking intermediation continuously improved. In September The performance of digital economic and financial transactions
2023, bank credit grew 8.99% (yoy), supported by banks’ remained firm, which was supported by a safe, smooth, and
loose appetite and increasing demand for financing in reliable payment system. In Quarter III-2023, the transaction
accordance with the well-growing corporate performance. In value of Electronic Money (EU) increased 10.34% (yoy) to
terms of sector, credit growth was primarily supported by the reach IDR116.54 trillion, while the transaction value of digital
Business Services, Trade, and Social Services sectors. Sharia banking was noted at IDR15,148.71 trillion or improved by
financing also continued to increase, reaching at 14.69% 12.83% (yoy). The QRIS nominal transactions recordingly
(yoy) in September 2023. In the MSME segment, credit grew at 87.90% (yoy) and reached IDR56.92 trillion, with the
growth achieved 8.34% (yoy), supported by increasing KUR total of users by 41.84 million and the total of merchants by
distribution. Next, Bank Indonesia will continue to encourage 29.04 million, which were mostly MSMEs. Moreover, Bank
the distribution of banking credit/financing and strengthen Indonesia persists to encourage acceleration of digitalization
synergy with the government to maintain the momentum of of payment systems and expansion of inter-countries payment
economic growth, particularly in priority, inclusive, and green system cooperation to boost financial economic inclusion and
economy sectors. Resilience of financial system stability was develop the digital economy and finance. Meanwhile, the
also influenced by high capital and low credit risk. The Capital transaction value of payments using ATM, debit, and credit
Adequacy Ratio (CAR) was recorded at a high level of 27.43% cards achieved IDR2,041.72 trillion or declined by 4.94%
in September 2023. Meanwhile, credit risk was also under (yoy). In terms of Rupiah currency management, the amount
control, reflected in the low non-performing loan (NPL) ratio of Currency in Circulation (UYD) in Quarter III-2023 increased
of 2.43% (gross) and 0.77% (net). 6.16% (yoy) to IDR961.59 trillion. Additionally, Bank Indonesia
also continues to ensure the accessibility of the maintained
Resilience of banking liquidity was still maintained, supported quality of Rupiah currency across the territory of the Republic
by growth in Third Party Funds (DPK) of 6.54% (yoy) in of Indonesia through the circulation program of Rupiah
September 2023. The ratio of Liquid Assets Ratio to Third Party currency to Outermost, Frontier, Remote (3T) areas and
Funds (AL/DPK) remained high, such as 25.83%. This liquidity Mobile Cash, Deposit Cash, and Sovereign Rupiah Expedition
development had a positive impact on the development activities
of banking interest rates, and 1 (one)-month bank deposit
Source:
interest rates and credit interest rates in September 2023 - Monetary Policy Report Quarter III-2023, Bank Indonesia, October 2023
- Monetary Policy Review, Bank Indonesia, September 2023
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 169
Page 172
Bank Jatim’s Position in the Banking Industry Analysis
As a comparison of the performance of Bank Jatim against the Regional Development Bank of Indonesia (BPD SI) and the banking
industry, the following is a breakdown of the Bank’s growth performance and a ratio comparison of the Bank to the average BPD SI
and the banking industry
Table of Bank Jatim Growth Performance Compared to the Average KBMI Bank and Banking Industry
(in IDR billion)
Regional Development Bank of
Bank Jatim Banking Industry
Indonesia (BPD SI)
Performance
September September Growth September September Growth September September Growth
2023 2022 (yoy) 2023 2022 (yoy) 2023 2022 (yoy)
Asset 107,038 98,477 8.69% 945,728 904,090 4.61% 4,668,797 4,323,082 8.00%
Loans 51,773 45,976 12.61% 605,595 556,395 8.84% 6,907,547 6,337,684 8.99%
Third Party Fund
84,191 82,982 1.46% 735,657 712,809 3.21% 8,147,169 7,647,334 6.54%
(TPF)
Source: Indonesia Banking Statistics – Financial Services Authority September 2023; Bank Jatim Internal Data
In general, Bank Jatim’s main growth component for the growth of the banking industry and BPD SI. Meanwhile, the
September period (% yoy) experienced an increase in the total component of DPK also increased, but was still below
components of assets, credit and third party funds total. A the growth of the banking industry and BPD SI. The significant
significant improvement occurred in the loans component, increase in loans component growth was one indicator of the
which grew positively by 12.61% and was higher than the improvement in the banking intermediation function that had
growth of the banking industry and BPD SI. In addition to loans, been carried out by Bank Jatim.
the asset component also experienced higher growth than the
Table of Comparison of Bank Ratio to Industry Average
(in %)
September 2023 September 2022
Ratio Regional Regional
Banking Banking
Bank Jatim Development Bank of Bank Jatim Development Bank of
Industry Industry
Indonesia (BPD SI) Indonesia (BPD SI)
Net Interest Margin (NIM) 5.38 5.46 4.96 5.17 5.80 4.86
Non Perfoming Loan (NPL) Gross 2.74 2.32 2.43 3.72 2.33 2.44
Return on Assets (ROA) 1.87 1.98 2.76 2.02 2.21 2.53
Capital Adequacy Ratio (CAR) 25.80 24.61 27.43 22.65 22.49 25.62
Loan to Deposit Ratio (LDR) 61.49 81.09 84.00 55.40 77.26 78.98
Operational Cost of Operating
76.23 78.64 76.34 74.24 75.19 77.18
Income (BOPO)
Source: Indonesia Banking Statistics – Financial Services Authority September 2023; Bank Jatim Internal Data
The performance ratio of Bank Jatim for the September 2023 period, Bank Jatim is better than BPD SI where Bank Jatim’s
period has components that are classified as better than the CAR ratio is 25.80% while BPD SI is 24.61%. In terms of gross
ratio of the performance of the banking industry and the BPD NPL, compared to the Banking Industry and BPD SI groups,
SI group, namely the BOPO Performance of 76.23%, which Bank Jatim’s gross NPL for the September 2023 period was the
shows that Bank Jatim’s operational activities are classified as highest at 2.74%, but lower compared to the September 2022
more efficient than Banking Industry and BPD SI. Meanwhile, period which was 3.72%. Meanwhile, in line with the NPL, Bank
the other ratio, namely NIM, was 5.38%, better than the Jatim’s LDR ratio for the September 2023 period is also the
Banking Industry which was 4.96%. Meanwhile, in terms of the lowest among BPD SI and Banking Industry, namely at 61.49%.
capital ratio component, namely CAR for the September 2023
PT Bank Pembangunan Daerah Jawa Timur Tbk
170 2023 Annual Report
Page 173
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Operational
Review
Bank Strategy
Short Term Strategy
In accordance with the bank’s policy direction and considering 10. Sustainable implementation is aimed to:
the latest developments in economic conditions, Bank Jatim’s a. Corporate Culture is the bank’s effort to survive amidst
management has formulated a strategic focus implemented to intense competition and have employees with integrity.
achieve sustainable business growth as follows: b. Sustainable risk culture development through improving
1. Changing in business model from per loan scheme to risk profiles, mainly those with minor weaknesses.
segmentation based on ceiling c. Compliance Culture, through Good Corporate
a. Consumer Loans Governance (GCG) improvement roadmap to rank 2nd.
b. Retail and Medium Micro Loans d. Service Culture, through measurable programs to rank
c. Commercial and Corporate Loans 1st (first) in the BPD category according to Marketing
2. Network repositioning, especially in the Surabaya area and Research Indonesia (MRI). A service culture is aimed at
Class 1 Branches. exceeding customer expectations by creating superior
3. Changing in organizational structure to adjust business service.
developments. e. Marketing Culture, where every employee is a marketer,
4. Increasing non-organic assets with corporate actions by particularly those in the front line required to always be
providing capital investment to financial institutions and equipped with sufficient knowledge about the product
Bank NTB Sharia, which continues to the Bank Business and also measurable targets.
Group (KUB) stage.
5. Increasing fee based income by adding Bank Jatim For supporting this strategic focus, Bank Jatim also formulates
e-channel features the focus of the 2023 business support strategy as follows:
6. Increasing the collection of Non-Regional Government 1. Network repositioning especially in the Surabaya area and
(Local Government) Funds by increasing the Current Class 1 Branches
Account Saving Account (CASA). 2. Changing in the organizational structure adapted to the
7. Strengthening the process of monitoring and evaluating development of the business
the settlement of problem loans, including evaluating 3. Strengthening the process of monitoring and evaluating
the Key Performance Indicator (KPI) of the work unit for the settlement of problem loans, including by evaluating
settlement of problem loans. the Key Performance Indicator (KPI) of the work unit for
8. Improving Human Resources (HR) management, including: settlement of problem loans.
a. Carrying out workload analysis and mapping HR needs. 4. Evaluation of divisional performance to make it more
b. Developing talent pool and career path mechanisms effective and efficient.
for HR by considering the mission of becoming an IT 5. Improving Service Level Agreement (SLA).
and digital-based bank. 6. Evaluation of the implementation of the new organizational
c. Developing a program to increase the competency structure.
and quality of human resources by conducting training 7. Improving the quality of human resources through training
for customers by launching J-Connect as Bank Jatim’s activities.
digital banking branding 8. Improving remuneration.
9. Improving cyber security, including: 9. Evaluation and implementation of reward and punishment.
a. Cyber security management. 10. Improving the new employee recruitment system.
b. Cyber risk assessment obligations. 11. Strengthening the company’s work culture through change
c. Obligation to test Bank information technology agent training.
vulnerabilities. 12. Establishing a work culture in KPI in 2023.
d. Cyber maturity level assessment. 13. GCG improvement roadmap to rank 2 in 2023.
e. Implementation of Bank cyber security testing. 14. Maintaining the average risk profile rating at a score of 2.
15. Improving the quality of service standards to be ranked 2nd
among BPDs in Indonesia in 2023.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 171
Page 174
Medium Term Strategy
In the medium term of 2023-2024, the road map grand strategy 5. Increasing affordable funding portion with Current Saving
is in the fine turning process for the business instrument and Account ration is ≥59,81%
its supporting details. This stage implements the business 6. Funding products and credit digitalization
expansion by utilizing the increasing capability from the first 7. Enhancing collaboration with other parties
year. The medium term goals cover the following points : 8. Reducing credit gap with BJB Bank and Jateng Bank
1. The development of business digitalization and supporting 9. Giving a contribution towards national strategic projects in
2. The evaluation and completion process of competitive East Java Region
advantage and value proposition for all credit products, 10. Business process repairment
fund, and service. 11. A good management product
12. Surpassing beyond the average banking industry
Meanwhile the qualitative target of medium term covers : 13. Balancing a sustainable organic business growth strategy,
1. The Service Standard occupies the 2nd position as Best and anorganic business growth through capital injection to
Overall Performance Service Excellent from Marketing financial instituion and West Nusa Tenggara Sharia, then
Research Indonesia (MRI) assesment in 2023 for Regional continue to the Bank Asscociation
Development Bank 14. Optimilizing tresury roles
2. The medium term predicted risk profile experiences a 15. Improving fee based income
constant trend for all kinds of risks. 16. Planning the Public Offering Plan with 10 trilion rupiahs
3. An excellent human resource capital improvement, value in Retail Banking Banking Business in 2023 as
competitive and professional the alternative for long-term bank funding plan with an
4. Exceeding the average of Third Parties Funding in banking adjusment of market liquidity situation during 2023.
industry
PT Bank Pembangunan Daerah Jawa Timur Tbk
172 2023 Annual Report
Page 175
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Long Term Strategy
Bank Jatim has a strategic planning in the form of corporate The main strategy is focused on the 21 strategic initiatives,
plan in 2022-2026. The Corporate Plan 2022-2026 in Bank enhancement and development which covers all perspectives
Jatim is “Becoming a number 1 Regional Development Bank in of balanced scorecard in 8 fields and will be excecuted in 3
Indonesia.” The main Corporate Plan Strategy 2022-2026 are : stages :
1. Selective Competency Enhancement 1. Capability and capacity improvement
Improving capability and capacity of the resources which 2. Fine Tuning
focuses on selected areas. 3. Business Growth Acceleration and Acquisition
2. Selective Market Capture
Optimizing the ability and acceleration of business
acquisition and the exploitation of banking markets
potential which focuses on selected area.
21. Intensification of NPL recovery and write-off credit (inorganic settlement is optional)
20. Intensification of sales of non-ASN consumer credit products (KPR, KKB), UKM1 retail) and selected
corporate sectors, including participation in syndications, especially sustainable finance-based syndications
Selective Market Capture
(inorganic asset development/acquisition/asset buy is optional)
19. Intensification of sales of fund products and services (including retail digital payment and cash
management services for regional and private governments)
18. Development of fintech/e-commerce alliances and business ecosystems based on regional governments,
Finance BUMN/BUMD and communities in the East Java region
17. Accelerate the development of branchless banking (card and gadget based/cardless)
16. Intensification of treasury trading business activities
15. Intensification of international banking/trade service product sales
14. Improving competitive advantage and value proposition (speed, convenience, security and financial
benefits) including digitalization of products/services
13. Expansion and intensification of fund and credit marketing programs (below and above the line,
conventional channels and digital channels)
Costumer 12. Improvement of product and service standards (SME and consumer retail credit, green financing products,
retail DPK with priority banking concentration) including development of green loan products
11. Improvement of operational policies and procedures
• Business development (trading treasury, trade services, non-ASN/fixed income consumer credit)
• Green financing products (policies, management, incentives)
10. Development of business digitalization and supporting
Selective Competency Enhancement
9. Rearranging branch functions (concentration on credit centers and priority barking)
8. Improved risk management:
Internal • Strengthening the compliance function (internal control anti-fraud)
Process • Early warning system for main risks (credit, market operations)
7. Improvement of ESG (sustainable finance) risk policies in ERM and credit policies
Improvement 6. Improving the implementation of the performance management system (KPI effectiveness)
5. Improvement of HC policies and management and benefit compensation systems (business and credit
settlement areas)
4. Adjustment of organizational structure:
• Strengthening/expansion of credit rescue and settlement work units (temporary/conditional)
• Strengthening IT unit competencies related to business digitalization and supporting
• Establishment of Distribution Network units, CMO (temporary) and Learning Center
3. Fulfillment of HC adequacy:
• Experienced specialist (Treasury, Trade Service, Sales, Credit Recovery)
• Credit and funding officer (RM/AO/PBO)
Individual and 2. Increased individual competence:
Organizational • Credit analyst (commercial, SME retail, including green financing)
Development • Trade service officer
• Sales credit and funding (RM/AO)
1. Intensify the internalization of corporate culture and its derivatives (sales, credit, risk and compliance,
digital and performance based culture)
1) Without changing the capacity and capacity of the fixed income-based consumer credit business
2) Review of NPL credit settlement and anorganic write-off (asset sale, securitization) and its execution is part of the PPK Division laver strategy initiative for expansion. Included
in bankwide strategic initiatives in corporate plan adjustments (optional).
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 173
Page 176
Marketing Aspect
Marketing Strategy In 2023
In line with Bank business development and Government Bank Jatim also doing collaboration with corporate institutions
programs , Bank Jatim continued to improve its marketing such as in ministry, province, and city levels in order to provide
strategy by conducting promos. Which follows and adjusts financial service for Civil Servants and non Civil Servants.
National Day’s themes, and support Government’s Programs Besides that, developing product and digital services
by implementing educative activities and comprehensive as the form of Bank Jatim support toward the economic
financial literacy to certain customers or certain groups. development in East Java. Those collaborations accelerate
non-cash transaction activities, especially the utilization of
As one of the Regional Development Bank which also Cash Management System (CMS) by Budget Implementation
manage The Third Paty Funding and Number of Account Work Unit for The State Budget, Dashboard Development
in a big amount, Bank Jatim also appreciates its customer VA, online Letter of Fund Disbursement Authorization in
by organizing price draw events in “SIKLUS and SIMPEDA” the Government Internal Control System application. Bank
accounts. Jatim has become a pioneer in the implementation of Digital
Population Identity in Indonesia. The other strategy is done
Bank Jatim is also consistant in a sponsorship activity which by enhancing mobile banking feature and corporate internet
collaborate with government or private institutions, do a banking, especially for payment transaction. The other
promotion through an open space medium such as videtron digitalization development is interconnected by utilizing API
and billboard which aims for building corporate image, (Open Banking) for information and technology, increasing
product image, and customer awareness for the growth of ecosystem energy to collaborate with banks / fintech in
Third Funding Parties and Bank Jatim’s Number of Accounts. order to lift up collaboration amounts with the Institutional
Partners.
Market Share
Bank Jatim as a Conventional Bank, in particular, faced competition with all Regional Development Bank of Indonesia and the
banking industry in Indonesia in determining market share. This business competition could be seen based on the number of assets
owned, the amount of third-party funds that had been successfully raised, and the amount of loan extended by the Bank.
Table of Bank Jatim Market Share Compared to BPD SI
(in IDR billion)
Description Information September 2023 September 2022 Increase/Decrease
Total Asset BPD SI 945.728 904.090 41.638
Bank Jatim 107.038 98.477 8.561
Market Share (%) 11,32% 10,89% 0,43%
Total Third Party Fund BPD SI 735.657 712.809 22.848
Bank Jatim 84.191 82.982 1.209
Market Share (%) 11,44% 11,64% (0,20%)
Total Loan BPD SI 605.595 556.395 49.200
Bank Jatim 51.773 45.976 5.797
Market Share 8,55% 8,26% 0,29%
Source: Indonesia Banking Statistics – Financial Services Authority September 2023; Bank Jatim Internal Data
PT Bank Pembangunan Daerah Jawa Timur Tbk
174 2023 Annual Report
Page 177
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Bank Jatim’s market share compared to BPD SI for the period with 12.61%. The third-party funding’s market share
September 2023 period, both in terms of assets and loan in September 2023 saw a decline from 0.20% to 11.44%.
distribution, increased by 0.43% and 0.29% respectively. The It is influenced by the decrease of checks. That is caused
aforementioned improvement is caused by the increasing by the operational needs of Local Governments and Local
number in credit distribution. The credit distribution in Bank Departments, fund interest rate from competitors and
Jatim experienced a significant raise compared to last year withdrawal savings by customers.
Diagram of Bank Jatim Market Share Compared to BPD Throughout Indonesia September 2022
11.32% 11.44% 8.55%
ASSET TPF LOANS
88.68% 88.56% 91.45%
Bank Jatim BPD SI
Diagram of Bank Jatim Market Share Compared to BPD Throughout Indonesia September 2022
10.89% 11.64% 8.26%
ASSET TPF LOANS
89.11% 88.36% 91.74%
Bank Jatim BPD SI
Graph of Bank Jatim Market Share Compared to BPD Throughout Indonesia in 2022-2023
11.32% 11.64% 11.44%
10.89%
8.26% 8.55%
ASSET TPF LOANS
September 2022 September 2023
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 175
Page 178
Table of Market Share Bank Jatim dibandingkan dengan Banking Industry Indonesia.
(in IDR billion)
Description Information September 2023 September 2022 Increase/Decrease
Total Asset Banking Industry 4.668.797 4.323.082 345.714
Bank Jatim 107.038 98.477 8.561
Market Share (%) 2,29% 2,28% 0,01%
Total Third Party Fund Banking Industry 8.147.169 7.647.334 499.835
Bank Jatim 84.191 82.982 1.209
Market Share (%) 1,03% 1,09% (0,06%)
Total Loan Banking Industry 6.907.547 6.337.684 569.863
Bank Jatim 51.773 45.976 5.797
Market Share (%) 0,75% 0,73% 0,02%
Source: Indonesia Banking Statistics – Financial Services Authority September 2023; Bank Jatim Internal Data
In line with the BPD SI Market Share, Bank Jatim’s Market national economy and regional becomes one of the factors
Share compared to the Indonesian Banking Industry for the of increasing market share. It can be a good support for Bank
September 2023 period in terms of Assets and Loan distribution Jatim to create a better performance in 2024.
experienced an increase in market share.
On the other side, the market share amount based on the
Based on the market share period in September 2023 third funding party saw a slight decline to 0,06% from 1.09%
achieved 2.29% and the number of credit with 0.75%. in September 2022, it becomes 1.03% in September 2023.
The improvement indicates that the growth of those two It is affected by the decreasing number of checks because of
components exceeded the growth in performance of the operational needs of Local Governments and Departments,
entire banking industry in Indonesia. The positive trend of competitive fund interest, and savings withdrawals by customers.
Diagram of Bank Jatim Market Share Compared to Indonesia Banking Industry September 2023
2.29% 1.03% 0.75%
ASSET TPF LOANS
97.71% 98.97% 99.25%
Bank Jatim Banking Industry
Diagram of Bank Jatim Market Share Compared to Indonesia Banking Industry September 2022
2.28% 1.09% 0.73%
ASSET TPF LOANS
97.72% 98.91% 99.27%
Bank Jatim Banking Industry
PT Bank Pembangunan Daerah Jawa Timur Tbk
176 2023 Annual Report
Page 179
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Graph of Bank Jatim Market Share Compared to Indonesia Banking Industry September 2022-2023
2.28% 2.29%
1.09%
1.03%
0,73% 0.75%
ASSET TPF LOANS
September 2022 September 2023
Operation Review Per Business
Segment
The Business Sectors of Bank Jatim consists of Operation Conventional Segment
Segment and Geography Segment. Operation Segment
covers Conventional Segments (Credits, Third Funding Parties, Bank Jatim conventional segment consisted of credit/loan
and other services) and Sharia financial segment (Third Party products, third party funds/deposits and services.
Fundings, Sharia Fundings and other services).
Description and Productivity of Conventional
Operating Segment Segments
The Bank determines and presents operating segments based A description of the explanation and productivity of the
on the information that is internally provided by accounting conventional segment of Bank Jatim is presented as follows.
department to the operating decision maker.
CREDIT/LOAN
The Bank defines an operating segment as a component of Loans Bank Jatim terdiri atas Micro Credits, Retail and Medium
an entity: Credits, Commercial Credits and Corporation, and Consumer
a. That engages in business activities from which it may earn Credits. The further explanation of each credit products are
revenues and incur expenses (including revenues and provided in the Profile of Sub Product Unit and Service in this
expenses relating to transactions with other components of Annual Report.
the same entity);
b. Whose operating results are reviewed regularly by the In 2023 there is a policy shifting about management of
entity’s chief operating decision maker to make decisions productive credit debtors that initially based on credit skim
about resources to be allocated to the segment and assess becomes plafond facility. The segmentation allocation based
its performance; and on plafond facility as follows :
c. For which discrete financial information is available. 1. Micro segment : up to 500 milion rupiahs
2. Retail segment : more than 500 milion rupiahs
Bank discloses its operating segments based on business up to 10 billion rupiahs
segments that consist of banking conventional and sharia. 3. Medium segment : more than 10 billion
up to 25 billion rupiahs
4. Commercial segment : more than 25 billion
up to 50 billion rupiahs
5. Corporate segment : more than 50 billion rupiahs
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 177
Page 180
Graph of Loan Productivity (in IDR million)
Micro Credits Retail Credits Medium Credits Commercial Credits Corporation Credits Consumer Credits
2022 5,289,479 4,277,620 417,423 392,146 6,222,175 27,698,345
2023 7,617,655 6,305,177 330,087 225,015 6,809,068 30,256,043
Micro Loans
Bank Jatim’s Micro Loans is a credit given to small enterprneur to fund productive business needs either for investment or working
capital needs with maximum plafond is 500 million rupiahs.
the productivity of Micro Credit is explained below:
Table of Micro Loans Productivity
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Kepres 47,571 59,382 (11,811) (19.89%)
Loans Financial Technology (Amartha) 687,209 469,889 217,320 46.25%
General Investment Loans 11,498 16,225 (4,727) (29.13%)
Jatim Micro Loans 2,059,514 749,308 1,310,206 174.86%
Jatim Retail Loans 734,348 1,239,238 (504,890) (40.74%)
Loans to Cooperatives 5,011 5,624 (613) (10.90%)
Restructuring Loans 16,970 6,143 10,827 176.25%
Loans SiUMI (Siklus Small Micro) 29,445 76,840 (47,395) (61.68%)
People’s Business Loans 3,836,075 2,384,043 1,452,032 60.91%
KUMK SU-005/ Government Investment Loans (KIP) 556 1,585 (1,029) (64.92%)
Cattle Breeding Business Loans(KUPS) 641 641 0 0.00%
Laguna Loan 118 399 (281) (70.43%)
General Working Capital (PRK ) 186,594 277,786 (91,192) (32.83%)
Standby Loan 1,105 2,059 (954) (46.33%)
Warehouse Receipt Subsidy (S-SRG) 1,000 0 1,000 100.00%
Food and Energy Security Loans (KKPE) 0 317 (317) (100.00%)
Total Micro Loans Distribution 7,617,655 5,289,479 2,328,176 44.02%
PT Bank Pembangunan Daerah Jawa Timur Tbk
178 2023 Annual Report
Page 181
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
The total of Micro Credit distribution in 2023 is 7.62 trillion consist of application development of micro credit processing,
rupiahs, it raises 44.02% compared to 2022 with 5.29 trillion quality account officer upgrade, performance monitoring and
rupiahs. That improvement comes from the growth of People’s evaluation, reward and punishment based on performance,
Business Credit with 1.45 trillion rupiahs, Jatim Micro Credits micro product segment completion and refocusing target
with 1.31 trillion rupiahs, and Financial Credit Technology market. Meanwhile, external factors are related to the condition
(Amartha) with 217,32 billion rupiahs. of Micro, Small, and Medium Enterprises, off take collaboration,
synergy with government institution, distribution to micro
The skim growth of People’s Business Credit and Micro Jatim enterprise cluster.
is influenced by internal and external factors. Internal factors
Table of Total Micro Loans NoA
(In NoA)
Growth
Description 2023 2022
NoA %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Kepres 235 1,043 (808) (77.47%)
Loans Financial Technology (Amartha) 195,102 125,440 69,662 55.53%
General Investment Loans 61 72 (11) (15.28%)
Jatim Micro Loans 18,281 8,637 9,644 111.66%
Jatim Retail Loans 10,324 17,318 (6,994) (40.39%)
Loans to Cooperatives 189 225 (36) (16.00%)
Restructuring Loans 108 54 54 100.00%
SiUMI Loans 548 1,050 (502) (47.81%)
People’s Business Loans 39,381 23,122 16,259 70.32%
KUMK SU-005/ Government Investment Loans (KIP) 4 17 (13) (76.47%)
Cattle Breeding Business Loans (KUPS) 2 2 0 0.00%
Laguna Loan 11 108 (97) (89.81%)
General Working Capital (PRK ) 583 875 (292) (33.37%)
Standby Loan 14 34 (20) (58.82%)
Warehouse Receipt Subsidy (S-SRG) 2 0 2 100.00%
Food and Energy Security Loans (KKPE) 0 59 (59) (100.00%)
Total NoA Micro Loans 264,845 178,056 86,789 48.74%
The total number of Micro Loan Account in 2023 are 264.854. The saw a significant progress 48,74% compared to 2022 with 178,056
NoA. This improvement is from the NoA growth of Credit Financial Technology (Amartha) with the total of 69,662 NoA, People’s
Business Credit with 16,258 NoA and Jatim Micro Credit with 9,644 NoA.
Graph of Micro Loans Distribution (in IDR million) Graph of NoA Micro Loans (In NoA)
7,617,655 264,845
5,289,479 178,056
Micro Loans Distribution Total NoA Micro Loans
2022 2023 2022 2023
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 179
Page 182
Micro Loans Strategy in 2023 Micro Loans Business Prospect in 2024
The description of the Micro Loans strategy implemented in 2023 Based on the data from Coperatives, Small, and Medium
is as follows: Enterprises Office of East Java Province, there are 9 millions
1. Optimalization of People’s Business Credit industries approximately. Bank Jatim market share for industries
2. Optimalization Fintech collaboration funding is around 0.7% or around 69,743 debiturs that are
3. Reward for account officer funded by Micro Credit. Hence, it is expected that the business
4. Digitalize the credit process prospect for Micro Credit from Bank Jatim will improve further.
5. Weekeng banking
6. Reward referral Micro Loans Strategy in 2024
Description of the Micro Loans strategy that will be implemented
Micro Loans Competitive Advantage and Innovation in 2024 is presented as follows:
Competitive Advantage and Innovation Micro Loans are as 1. Diversification of target market
follows: 2. Optimalization of People’s Business Credit distribution
1. Fast process 3. Digitalization of credit process
2. Easy requirements 4. Collaboration with off taker in agriculture sector, fisheries,
3. Competitive interest rate and livestock
4. Paperless 5. Synergy with government institution
5. Digitalization of the credit process 6. Referral rewards
Retail and Medium Loans
Retail and Medium Loans from Bank Jatim is a productive credit with plafond more than 500 million rupiahs up to 10 billion rupiahs
for Retail Segment and above 10 billion up to 25 billion for Medium Segment. The Retail and Medium Credits are managed by Retail
Credit and Medium Division.
Retail and Medium Loans productivity is presented as follows.
Table of Retail and Medium Loans Productivity
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Retail Segment 6,305,177 4,277,620 2,027,557 47.40%
Medium Segment 330,087 417,423 (87,336) (20.92%)
Total Retail and Medium Loans Distribution 6,635,264 4,695,043 1,940,221 41.32%
The total Retail and Medium Credit distribution in 2023 is 4.28 trillion rupiahs. The enhancement comes from Jatim
6.64 trillion rupiahs, increasing 41.32% compared to previous Credits realization with 2.23 trillion or significantly increased
amount with 4.70 trillion. The improvement comes from the 518.44% from the previous Jatim Credit Retail.
growth Retail Credit distribution with 47.40% or 2.03 trillion.
Medium Credit Segment in 2023 is 330.09 billion, experiencing
Retail Credit Segment experienced a raising number in 2023 a 20.92% decline compared to cut off position in 2022 with
with IDR6.305.177 million, which has an addition percentage 417.42 billion rupiahs. The reduction comes from the realization
47.40% compared to cut off position segmented in 2022 with of Public Credit Investment with the tital 1.87 billion or
decreasing 50.98% from the previous Public Credit Investment.
PT Bank Pembangunan Daerah Jawa Timur Tbk
180 2023 Annual Report
Page 183
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Table of Retail and Medium Loans NoA
(in NoA)
Growth
Description 2023 2022
NoA %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Retail Segment 13,483 11,315 2,168 19.16%
Medium Segment 3,719 5,481 (1,762) (32.15%)
Total NoA Retail and Medium Loans 17,202 16,796 406 2.42%
The total number of account for Retail and Medium Credits Credit realization with 2,704 or increasing 232,60% from the
in 2023 are 17,202 NoA, increases 2.42% compared to 2022 previous Jatim Retail Credit.
with 16.796 NoA. It comes from Retail Segment with 19.16%
or 2,168 NoA. Medium Segment Loan NoA in 2023 was 3,719 NoA, a
decrease of 32.15% compared to 2022 which was 5,481 NoA.
The number of Accounts for Retail Segment in 2023 are 13,483 This decrease came from the Keppres Loan NoA realization
NoA, experiencing an improvement 19.16% compared to 2022 of 2 NoA or a decrease of 81.82% from the previous year’s
with 11,315 NoA. The improvement comes from Retail Jatim NoA of Presidential Credit.
Graph of Retail and Medium Loans Distribution (in IDR million)
6,305,177
417,423
4,277,620
330,087
Retail Segment Credit Distribution Medium Credit Segment Distribution
2022 2023 2022 2023
Graph of Retail and Medium Loans NoA (In NoA)
13,483 5,481
11,315
3,719
NoA Retail Segment NoA Medium Segment
2022 2023 2022 2023
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 181
Page 184
Retail and Medium Loans Strategy in 2023 Retail and Medium Loans Business Prospect in 2024
description of the Retail and Medium Loans strategy carried Credit Retail and Medium focuses to maximize the potential
out in 2023 is presented as follows: of every credit skim under the Retail and Medium Segment in
1. Improve monitoring of the implementation of loan 2024. One of them is contractor funding through credit skim
expansion to ensure smooth loan collectability. especially for State Funding Project (APBD/APBN). On the other
2. Doing market penetration to optimize credit distribution side, without without neglecting the provision of credit to MSME
for Small and Medium Enterprises players through Jatim Retail and Medium Credit Scheme.
3. Developing the Jconnect E-Loan and Jatim Kilat mobile
applications as a way to speed up the loan application Retail and Medium Loans Strategy in 2024
process for prospective MSME debtors. description of the Retail and Medium Loans strategy that will
4. Improve regulations (SOP) to support the achievement of be implemented in 2024 is presented as follows:
targets for the Retail and Medium Loans Division. 1. Doing an agreement to collaborate with both State Owned
5. Expand the MSME target market by collaborating with (BUMN) and private sugar factories
associations and increasing cooperation with all BUMDES 2. Doing an agreement to collaborate with the association of
in East Java. micro, small, and medium enterprises in East Java
6. Expanding financing and funding cooperation with BPR 3. Doing an exhibition of micro, small, and medium enterprises
Perbamide and Perbarindo. with ministries, Regional Offices, and other institutions
7. Providing promotions for Loan products through print/ 4. Doing a training and financial literacy with ministries,
electronic/social media and making product videos. Regional Offices, and other institutions to micro, small, and
8. Improve brand image by participating in various medium enterprises
promotional activities or exhibitions held by the Bank, 5. Implementing business matching event of micro, small,
local government, or in collaboration with various related and medium enterprises products together with ministries,
agencies. Regional Offices, and other institutions
6. Enrolling micro, small, and medium enterprises into East
Retail and Medium Loans Competitive Advantage Java Province Trade Mission Program
and Innovation 7. Creating a micro, small, and medium enterprises program
Retail and Medium Loans Competitive Advantage and 8. Creating a company branding with micro, small, and
Innovation are as follows: medium enterprises
1. For the Loans to Cooperatives scheme for its members 9. Doing a gathering with housing developer association
(KKPA), the loan term can be up to 15 years. 10. Doing a gathering with other business associations
2. For the BPR linkage scheme, the loan term can be up to 15 11. Doing credit performance distribution
years. 12. Promoting online credit application (jconnect E-loan)
3. Accelerating the loan process through application 13. Promoting credit products through small, and medium
development. enterprises exhibition
4. Competitive interest rates with competitor banks. 14. Promoting credit products to Bank social media
5. Loan installment schemes can be adjusted to suit the 15. Promoting credit marketing workshop, credit analysis, and
debtor’s needs. credit monitoring
16. Doing a training of credit application utilization
17. Doing a trade finance training
18. Doing a credit law aspect training
19. Doing a pricing evaluation (rate and cost)
20. Evaluating Credit Procedure
21. Evaluating credit analysis application E-Loan
Commercial and Corporate Loans
Bank Jatim Commercial and Corporate Credits are productive credits with more than 25 billion rupiahs plafond up to 50 billion
rupiahs for Commercial Segment and more than 50 billion rupiahs for Corporate Segment. Bank Jatim Commercial and Corporate
Credits are managed by Commercial and Syndication, and Corporate Division.
PT Bank Pembangunan Daerah Jawa Timur Tbk
182 2023 Annual Report
Page 185
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Commercial and Corporate Loans productivity is presented as follows.
Table of Commercial and Corporate Loans Productivity
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Commercial Segment 255,015 392,146 (137,131) (34.97%)
Corporate Segment *) 6,809,068 6,222,175 586,893 9.43%
Total Commercial and Corporate Loans Distribution 7,064,083 6,614,321 449,762 6.80%
*) include Syndication Loans
The total of Commercial anf Corporate Credits distribution in decrease was due to several debtors mutating in the middle
2023 are 7.06 trillion rupiahs, it increases 6.80% compared segment and several debtors being repaid in 2023.
to 2022 with 6.61 trillion. It is caused by the credit growth
distribution in investment which grows into 2%, working capital Corporate Credit Segment achieves 6.81 trillion rupiahs
loan installment with 96.01% and syndication credit with the in 2023. It increases 9.43% compared to cut off position
percentage of 12.43% segmentation in 2022 with 6.22 trillion. It is affected by the
distribution of general investments, working loan installment
Commercial Credit Segment in 2023 is 255.02 billion rupiahs, and syndication.
it experiences a decline number 34.97% compared to the cut
off position in 2022 segmentation with 392.15 billion. This
Table of Commercial and Corporate Loans NoA
(In NoA)
Growth
Description 2023 2022
NoA %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Commercial Segment 1,234 1,538 (304) (19.77%)
Corporate Segment *) 594 768 (174) (22.66%)
Total NoA Commercial and Corporate Loans 1,828 2,306 (478) (20.73%)
*) include Syndication Loans
The number of Commercial Credit and Corporate Accounts are are distributed for their repayment completion, hence the NoA
1,828 NoA In 2023, it decreases 20.73% compared to 2022 of Commercial segment is signifcantly declined.
with 2,306 NoA. It is caused by the reduction of Number of
Accounts in Commercial Segment with 304 NoA. The number of Corporate Credits are 594 NoA in 2023, it
experiences a decline with 26.22% compared to 2022 with
The number of Commercial Credit are 1,234 NoA in 2023, it 768 NoA. This declining number is caused by some of NoA are
experiences a decline with 19.77% compared to 2022 with distributed for their repayment completion, hence the NoA of
1,538 NoA. This declining number is caused by some of NoA Commercial segment is signifcantly declined.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 183
Page 186
Graph of Commercial and Corporate Loans Distribution (in IDR million)
392,146 6,809,068
6,222,175
255,015
Commercial Segment Credit Distribution Corporate Segment Credit Distribution *)
2022 2023 2022 2023
*) include Syndication Loans
Graph of NoA Commercial and Corporate Loans (In NoA)
1,538 768
1,234
594
NoA Commercial Segment NoA Corporate Segment *)
2022 2023 2022 2023
*) include Syndication Loans
Commercial and Corporate Loans Strategy in 2023
The description of the Commercial, Corporate and Syndicated 5. Increasing the prospect of Number of Accounts (NoA) of
Loan strategies to be carried out in 2023 is presented as follows: potential sectors by:
1. Building an organized and visualized sales pipeline. a. Mapping potential sectors with sector characteristics
2. Provision of loan restructuring stimulus and debtor where there is potential and current.
monitoring of debtors whose business cycle was disrupted. b. Approaching the debtor to enter the debtor’s business
3. Collaborating with other banks to provide syndicated association and obtain a list of prospective debtors.
financing for Government projects and prospective private c. Offers to SOEs/ROEs and private companies.
businesses. 6. Conducting socialization on updating the PSC Division’s
4. Participating in green financing (environmentally friendly SOP and conducting training to improve the capacity of
based) the officers in charge
PT Bank Pembangunan Daerah Jawa Timur Tbk
184 2023 Annual Report
Page 187
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Commercial and Corporate Loans Competitive Advantage Commercial and Corporate Loans Strategy in 2024
and Innovation description of the strategy that will be implemented in 2024 by
Divisi Loans Komersial, Korporasi dan Sindikasi membuka the Commercial, Corporate and Syndicated Loans Division is
kerjasama sebagai berikut: presented as follows:
1. Collaborate with relevant companies for receivable credit 1. Build a sales pipeline in an organized and visualized
through The Supply Chain Finance (SCF) mechanism to manner.
vendors or suppliers. 2. Providing stimulus for loan restructuring and debtor
2. Collaborate with other financial agencies to facilitate monitoring of debtors whose business turnover is disrupted.
credits for export comodity companies. 3. Collaborate with other banks to provide syndicated
financing for government projects and prospective private
Commercial and Corporate Loans Business Prospect businesses.
in 2024 4. Take part in green financing (environmentally friendly)
Commercial Credit Divisions, Corporate, and Syndication do a 5. Increase the prospect of Number of Accounts (NoA) for
prospecting for State and Regional Owned companies in 2024 potential sectors by:
for East Java Region related to their well build pipeline for a. Mapping potential sectors with the characteristics of
funding distribution either billateral or syndication. sectors where there is potential and progress.
b. Approach debtors to enter debtor business associations
and obtain a list of potential debtors.
6. State and Regional Owned Companies Offering to private
companies
Consumer Loans
Consumer Loans consisted of Multipurpose Loans, Employee Loans, Cash Collateral Credit (CCC), Motor Vehicle Loans, Property
Loans and Gold Backed Loans. A description of each Consumer Loan product is presented in the Profiles section of the Products and
Services Sub-Chapter in this Annual Report.
Consumer Loan productivity is described as follows:
Table of Consumer Loans Productivity
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Multipurpose Loans 25,193,188 23,801,592 1,391,596 5.85%
Employee Loans 2,023,504 2,077,126 (53,622) (2.58%)
Cash Collateral Credit (CCC) 773,812 75,728 698,084 921.83%
Motor Vehicle Loans 330,692 64,774 265,918 410.53%
Gold Backed Loan 6,828 8,857 (2,029) (22.91%)
Property Loans 1,928,019 1,666,269 261,750 15.71%
Total Consumer Loans Distribution 30,256,043 27,694,345 2,561,698 9.25%
Total Consumer Loans in 2023 will reach IDR30.26 trillion, From the growth percentage, the cash collateral credit shows
an increase of 9.25% compared to 2022 which was IDR27.70 the highest growth which reach 921.83% because of cash
trillion. This increase mainly came from Growth Multipurpose collateral application from the corporates. The second highest
Loans amounting to 5.85% or IDR1.39 trillion. growth is from Vehicles Loan with 410.53% followed by
Property Credits with 15.71% and Multifunctional Credits with
5.85%. Meanwhile Employee Credits declined to 2.58% and
Gold Credit Assurance also decline into 22.91%
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 185
Page 188
Table of Number of Consumer Loan Debtors
(in person)
Growth
Description 2023 2022
Debitur %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Multipurpose Loans 269,038 245,870 23,168 9.42%
Employee Loans 6,931 5,653 1,278 22.61%
Cash Collateral Credit (CCC) 1,166 274 892 325.55%
Motor Vehicle Loans 2,784 991 1,793 180.93%
Gold Backed Loan 202 279 (77) (27.60%)
Property Loans 8,713 8,373 340 4.06%
Total Consumer Loans Debtors 288,834 261,441 27,393 10.48%
Similar to the growth of Consumer Credits, the number of Consumer Credits Debtors from Bank Jatim in 2023 are 288,834. It
increases 27,393 debtors or 10.48% compared to 2022 with 261,441 debtors. The number improvemenr is caused by the growth of
Multifunctional Credits with 23,168 debtors.
Graph of Consumer Loans Distribution (in IDR million) Graph of Consumer Loans Debtors (in person)
30,256,243 288,834
27,698,345 261,441
Consumer Loan Distribution Consumer Loan Debtors
2022 2023 2022 2023
The descriptions of each consumer loan productivity are described as follows:
• Multipurpose Loans who are not profit oriented. The number of Employee Loans
Multipurpose Loans in 2023 amounted to IDR25.19 trillion, debtors increased by 1,278 debtors or 22.61% from 5,653
an increase of IDR1.39 trillion or 5.85% compared to 2022 of debtors in 2022 to 6,931 debtors in 2023.
IDR23.80 billion. The number of Multipurpose Loans debtors • Cash Collateral Credit (CCC)
has increased by 9.42% from 245,870 debtors in 2022 to Cash collateral credit in 2023 is IDR773.81 billion, an increase
269,038 debtors in 2023 of IDR698.08 billion or 921.83% compared to 2022 of
• Employee Loans IDR75.73 billion. The number of cash collateral credit debtors
Employee Loans in 2023 amounted to IDR2.02 trillion, increased by 892 debtors or 325.55% from 274 debtors in
a decrease of IDR53 billion or 2.58% compared to 2022 2022 to 1,166 debtors in 2023.
of IDR2.08 trillion. The outstanding decline is caused by • Motor Vehicle Loans
inexistence of stimulant for interest rate declining since 2020, Motor Vehicle Loans in 2023 amounted to IDR330.69 billion,
considering that skim is naturally facilitating the employees an increase of IDR265.92 billion or 410.53% compared to
PT Bank Pembangunan Daerah Jawa Timur Tbk
186 2023 Annual Report
Page 189
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
2022 of IDR64.77 billion. The number of Motor Vehicle Loan 9. Marketing Optimization of Gold Guaranteed Credit Joint
debtors increased by 1,793 debtors or 180.93% from 991 marketing carried out by all branches for Gold Guaranteed
debtors in 2022 to 2,784 debtors in 2023. Credit.
• Gold Backed Loan
Gold Backed Loan reached 6.83% in 2023, experiences a Consumer Loans Competitive Advantage and Innovation
2.03 billion decline or 22.91% compared to 2022 with 8.86 The advantages of Consumer Loan products included the
billion. The number of Gold Assurance debtors experienced following:
a 77 debtors decline or 27.60% from 279 debtors in 2022 1. Multipurpose Loans
and becomes 202 debtors in 2023. The skim can be a. The broad market share included individuals with a
implemented in all working areas of Bank Jatim, in fact, fixed income.
the skim only has two market shares area in Kangean and b. Competitive interest rates, interest rates up to a single
Bawean branches. It affects in the outstanding deline for rate.
Gold Assurance Credits. c. Easy, simple requirements.
d. The majority of loan payroll recipients were at Bank
• Property Loans Jatim.
Property Credits is 1.93 trillion in 2023, experiences an e. The process was fast and precise according to the
improvement with 261.75 billion or 15.71% compared to needs of prospective borrowers
2022 with 1.67 trillion. The number of property credits f. Diversification of KMG schemes to accommodate
experiences a surging number with 340 debtors or 4.06% various types of debtor installment sources.
from 8,373 debtors in 2022 becomes 8,713 debtors in g. KMG combo scheme so that debtors get a large
2023. ceiling.
2. Motor Vehicle Loans
Consumer Loans Strategy in 2023 a. Broad market share included individuals with fixed and
A description of the business prospects and strategy for each variable income as well as non-individuals (business
consumer loan product in 2023 is presented as follows: entities and legal entities).
1. Mapping and processing of potential customer data b. Down payment from 0%.
Conducting potential data mapping based on internal c. Low interest rates, attractive, competitive.
and external data as a database for the Account Officer d. Cheap loan fees, free of charge for two-wheeled
(AO) to market credit along with improving the Marketing motorized vehicles.
Application (MAP) application as a marketing performance e. Easy requirements.
monitoring tool. f. The process was fast and precise in meeting the vehicle
2. Referral Program for Member Get Member It is an incentive needs of prospective debtors.
program for customers who can refer prospective borrowers g. Cooperation with many dealers.
at the Bank. h. There is an on loan feature, the cost of credit realization
3. Improvement of the E-KMG Version 2 application and is included in the plafond.
the Marketing Application (MAP) for AO Consumer and i. There is an SB KKB relief incentive specifically for
Property Loans environmentally sound vehicles of 0.25%-0.50%.
4. Multipurpose Credit Promotion Promotional program of j. Giving rewards to referrals from 4 (four) wheeled
interest rates or fees for distribution of KMG Pre-retirement, vehicles.
Retirement, take over, addition of new NoA and top up k. The vehicle can be held in the name of another person
(loyal debtor segment) within the family.
5. Collaboration PTN/PTS The Bank collaborates with State 3. Home Ownership Loans (KPR)
Universities (PTN)/Private Universities (PTS) in distributing a. Market share luas meliputi perorangan dengan
educational multipurpose loans. penghasilan tetap dan tidak tetap serta non perorangan
6. Distribution of Local Government Credit Cards (KKPD) (badan usaha dan badan usaha berbadan hukum).
Development of the Virtual KKPD which has become the b. Uang muka mulai 5%.
target of Bank Indonesia to maximize regional government c. Suku bunga bervariasi sesuai kebutuhan calon debitur.
budget and spending transactions. d. Persyaratan mudah dan kompetitif.
7. Marketing Optimization of Motor Vehicle Loans (KKB) Carry e. Kerjasama dengan banyak developer.
out marketing through KKB Expo in all branches f. There is a fee for the financial manager.
8. Optimizing the marketing of Cash Collateral Credit Joint g. Loans could be repaid before maturity or partial
Marketing carried out by all branches for cash collateral repayment.
credit by targeting Depositsrs/savers > IDR500 million.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 187
Page 190
4. Property Backed Consumption Loans (KKBP) b. Recipients could apply for down payment subsidies.
a. Broad market share included individuals with fixed and c. Minimum down payment of 1%.
variable income as well as non-individuals (business d. Easy requirements.
entities and legal entities). e. Fast loan process.
b. Down payment from 5%. f. Low cost.
c. Interest rates varied according to the needs of
prospective borrowers. The consumer loan innovations carried out in 2024 were as
d. Easy and competitive terms. follows:
e. Cooperation with many developers 1. Gatherings, evaluation and monitoring with Employee
f. Loans could be repaid before maturity or partial Insurance Savings (Taspen) and the Regional Personnel
repayment. Agency (BKD).
5. Cash Collateral Credit (CCC) 2. Gatherings, evaluation and monitoring of Branches.
a. Broad market share included individuals with fixed and 3. KMG optimization stimulus program in the form of an
variable income as well as non-individuals (business external marketing program.
entities and legal entities). 4. Insurance premium subsidy program.
b. Great credit score. 5. Have coffee together with developers, property agents and
c. Cheap and competitive interest rates. property associations.
d. Simple requirements. 6. Sponsorship by establishing communication and creating
e. Fast process. opportunities with related parties.
f. Low cost. 7. Expo Jatim through all Bank Jatim products.
g. Cash collateral in rupiah and foreign currencies 8. Promotion through branch image of property credit
h. Collateral can use collateral in the name of another products.
person. 9. Rewards by providing stimulus/for property account
6. KPR Sejahtera with the support of the Housing Finance officers.
Liquidity Facility Fund (FLPP) 10. Property credit referral fee by providing stimulus for
a. Loan recipients could have a dream house with very developers, marketing, property agents and the community.
cheap interest rates and were fixed during the loan 11. Monitoring and visits to branches with maintenance
period. debtors and developers.
THIRD PARTY FUND/SAVINGS
Third party funds in the conventional segment of Bank Jatim consisted of current accounts, savings and deposits.
Graph of Third Party Fund Productivity (in IDR million)
Current Account Savings Deposits
2022 23,477,047 23,118,307 30,543,334
2023 20,750,151 24,817,360 26,827,854
PT Bank Pembangunan Daerah Jawa Timur Tbk
188 2023 Annual Report
Page 191
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Current Account
Giro or current account is a deposit that can be withdrawn Clearing); Bank Jatim Cuurent Account could also be
at any time by using check/transfer form and other payment opened in Rupiah and foreign currency (EUR, JPY, SGD,
order facilities, or by way of transfer. Bank Jatim’s current and USD). Bank Jatim Current Account was available for
account is online at all of its branches so that withdrawals the public (individuals and companies), as well as for local
and deposits can be made at all branches while Bank Jatim’s governments.
check/ transfer form can be cleared anywhere (Intercity
Bank Jatim Current Account productivity is described as follows:
Table of Current Account Productivity
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Local Government Current Account 11,971,999 17,766,614 (5,794,615) (32.62%)
General Current Account 8,778,152 5,710,433 3,067,719 53.72%
Total 20,750,151 23,477,047 (2,726,896) (11.62%)
Current accounts in 2023 reached IDR20.75 trillion, down level II Regional Governments. Regional Government Current
11.62% compared to 2022 which reached IDR23.48 trillion. Accounts in 2023 amounted to IDR11.97 trillion, a decrease of
This decrease mainly came from Regional Government Current 32.62% compared to 2022 which amounted to IDR17.77 trillion.
Accounts amounting to IDR5.79 trillion. Regional Government Meanwhile, General Current Accounts increased by 53.72%,
Current Accounts were current accounts belonging to level I and from IDR5.71 trillion in 2022 to IDR8.77 trillion in 2023.
Savings
Bank Jatim savings consisted of Simpeda Savings, Hajj Savings, Siklus Savings, TabunganKu (My Saving), Student Savings (SIMPEL),
Smart Savings (SiPandai) Siklus Nelayan (Sinyal).
Bank Jatim Savings productivityis described as follows:
Table of Savings Productivity
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Simpeda 16,537,443 16,468,555 68,888 0.42%
Siklus 3,919,452 2,655,680 1,263,772 47.59%
Hajj Savings 17,161 18,428 (1,267) (6.88%)
TabunganKu 4,240,335 3,904,028 336,307 8.61%
Simple Savings 102,555 71,322 31,233 43.79%
Sinyal Savings 414 294 120 40.82%
TOTAL 24,817,360 23,118,307 1,699,053 7.35%
Total savings in 2023 reached IDR24.82 trillion, an increase of 7.35% compared to 2022 which reached IDR23.12 trillion. This increase
mainly came from increased growth in Cycle Savings which reached IDR1.26 trillion.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 189
Page 192
The description of savings performance is presented as follows:
• Simpeda • TabunganKu
In 2023, the amount of Savings Simpeda will be IDR16.53 Total funds collected from TabunganKu products in 2023
trillion, an increase of IDR68.88 billion or 0.42% compared amounted to IDR4.24 trillion, an increase of IDR336.31
to 2022 of IDR16.46 trillion. This is in line with the increase billion or 8.61% compared to 2022 of IDR3.90 trillion.
in the number of Savings Simpeda customers which also This increase is in line with the number of customers of
experienced an increase of 2.86% due to growth in financial TabunganKu products due to the large number of financial
literacy in regional environments. literacy enthusiasts in the school environment.
• Siklus • Simpanan Pelajar (Simpel)
The amount of funds raised from Siklus Savings in 2023 will Total Student Savings (SIMPEL) in 2023 will be IDR102.56
be IDR3.92 trillion, an increase of IDR1.26 trillion or 47.59% billion, an increase of IDR31.23 billion or 43.79% compared
compared to 2022 of IDR2.66 trillion. This decline is in line to 2022 of IDR71.32 billion. This is in line with the increase
with the decline in the number of Silus Savings customers in the number of Student Savings (SIMPEL) customers due
considering the decline in public financial activity amidst to the increase in promotional programs in the student
the Covid-19 pandemic. This decrease is in line with environment.
the decline in the number of Siklus Savings customers • Simpanan Nelayan (Sinyal)
considering the decline in public financial activity amidst Total Fisherman Savings (Sinyal) in 2023 will be IDR414
the Covid-19 pandemic. million, an increase of IDR120 million or 40.82% compared
• Hajj Savings to 2022 of IDR294 million. This is in line with the decline
The amount of Hajj Savings in 2023 will be IDR17.16 billion, in the number of Sinyal Savings customers considering
down IDR1.26 billion or 6.88% compared to 2022 of IDR18.43 that the fishing population is smaller and people are more
billion. Furthermore, the number of Hajj Savings customers interested in Savings Simpeda due to the prize and lottery
has decreased due to the reduction in the Hajj quota in 2022. promo programs.
Deposits
Time deposits are the best choice for individuals and companies who want to invest their funds in a safe and reliable place. Funds
are guaranteed by the Government through the Deposit Insurance Corporation (LPS) with certain conditions. Time Deposits can be
opened in Indonesia Rupiah and Foreign Currency (USD and SGD).
Bank Jatim Deposits productivity is described as follows:
Table of Deposits Productivity
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Deposits 26,827,854 30,543,334 (3,715,480) (12.16%)
Bank Jatim deposits can be used as collateral for loans with competitive interest rates and can be negotiated. Deposits in 2023 will
reach IDR26.83 trillion, a decrease of 12.16% compared to 2022 which reached IDR30.54 trillion. This is in line with the decline in
customers because in 2023 many customers will use these funds for Regional Government projects.
Third Party Fund Strategy in 2023
The description of the third party fund strategy carried out in 3. Optimizing QRIS implementation through the 0% MDR
2022 was as follows: Promo program and free initial deposit for opening a new
1. Distribution of Assistance Programs with Non-Cash QRIS, QRIS merchant branding, transaction promos at
Systems. QRIS merchants and event sponsorship.
2. Collaboration with the East Java Provincial Education 4. DPK Promo Programs such as Gen 1 Like Cycle, Gen 2 Like
Office in order to open a savings account for every student Cycle, Cash Pro, Love Cycle, Ramadhan Cycle, Yes Fresh
in East Java (KEJAR). Fund Promo and Top Up.
PT Bank Pembangunan Daerah Jawa Timur Tbk
190 2023 Annual Report
Page 193
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
5. Simpeda Savings Lottery Program and Cycle Savings
Lottery. Third Party Fund Strategy in 2024
6. Participation in OJK Financial Inclusion Month activities. The description of the third party fund strategy that will be
7. Participation in event sponsorship in the Bank Jatim carried out in 2024 is as follows:
working area. 1. Collaboration in Financial Services in the retail and
8. Branch assistance in approaching corporate customers. individual segments through QRIS.
9. Optimizing support for branches by playing an active role in 2. Implementing the Joint Commitment between the
accelerating the process of submitting deposit negotiation Governor of East Java, OJK and Bank Jatim regarding the
requests. KEJAR (One Student Account) program.
10. Promo program for Corporate Current Account (Go- 3. Opening savings accounts for students in East Java with initial
Speed). deposit stimulation targeting approximately 50,000 accounts.
11. Optimizing cooperation with institutional customers for 4. Simple Day activities, financial literacy and inclusion,
funding collaboration opportunities such as payment of collaboration with government and OJK programs,
membership fees, payment of claims, distribution of TNI/ collaboration with school programs including Bank Mini.
Polri and ASN pension salaries. 5. QRIS merchant acquisition program, targeting modern
12. Gathering with prospective customers in the private sector market traders, malls and traditional traders.
with the East Java CEO community. 6. Bank Jatim QRIS merchant branding and promo program.
7. Thematic DPK promo program (Current Accounts, Savings
Third Party Fund Competitive Advantage and Innovation and Deposits)
The competitive advantages and innovations that third party 8. Participation in OJK Financial Inclusion Month activities.
funds have are as follows: 9. Participation in event sponsorship in the Bank Jatim
1. Financial education and literacy services within the scope working area.
of East Java education. 10. Bank Jatim Savings Lottery Program.
2. Transaction promo program at QRIS Bank Jatim merchants. 11. Approaching various relations, associations and potential
3. Providing added value to customers by providing raffles markets to explore the potential of DPK, especially in
and promos to all types of customers. corporations.
4. Collaboration with branches in the approach to closing and 12. Service development by collaborating with several
maintenance of corporate customers. Ministries, Departments at both the Provincial and Regency/
5. Increasing bonding between customers and Bank Jatim so City levels in order to provide financial services, as well as a
that it will provide heart-to-heart service to customers. form of Bank Jatim support for the development of the East
Java economy.
Third Party Fund Business Prospect in 2024 13. Collaboration with business/non-business divisions and
A description of the third party fund business prospects which branches regarding mapping of potential corporate
are as follows: customers.
1. Thematic promotional program. 14. Development and utilization of the payment ecosystem on
2. KEJAR (One Student Account). the e-commerce platform of Bank Jatim partners (Kompas
3. Optimizing QRIS implementation. Gramedia Group, Blibli.Com, JatimBejo).
4. Savings Lottery Program. 15. Development of web-based Regional Financial
5. New cooperation approaches and maintenance of existing Electronification as a monitoring effort for all regional
cooperation between retail and individual customers. apparatus and Bank Jatim in particular.
6. Promo Program for Special Giro (Go-Speed) 16. Initiated the centralization of regional business service
7. Optimizing corporate customers who have become agency (BLUD) fund management agreements, with Bank
customers by expanding coverage from upstream to Jatim’s financial service facilities (both in the form of offline
downstream of the customer ecosystem. services and Bank Jatim’s digitalization program).
OTHER SERVICES
Other services consist of Treasury, International Banking and Bank Jatim Custodian.
Treasury
In line with Treasury’s role as one of the pillars of Bank Jatim’s an optimal contribution to Bank Jatim’s profits in the form
profit growth supported by professional and reliable staff, of interest and non-interest income (fee base income). In its
the Treasury Division continued to improve Treasury business management, banks faced global and domestic markets which
activities. The main role of the Treasury in banking was to moved very dynamically so that they had to always go hand in
maintain adequate bank liquidity and be responsible for hand with the latest market developments, especially from a
managing the bank’s assets and liabilities as well as making regulatory and business perspective.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 191
Page 194
Treasury business basically became a complement and foreign exchange transactions (foreign exchange) which
balancing the main business of the bank in the field of are carried out by dealing room units under the Treasury
fundraising and lending as an intermediary institution. Division. These transactions are interbank conducted with
Treasury functioned to optimize access to existing funds in Bank and non-Bank counterparties (securities).
various Treasury instruments both in the money market and
capital market with yield enhancement motives. Conversely, Bank Jatim’s Treasury business consisted of portfolio
if funds were needed other than third party funds; the management for placements with Bank Indonesia,
Treasury’s role was to seek funds in the market either through placements with other banks, securities and reverse repo.
interbank loans, repos or issuance of debentures. Bank Jatim As of December 2023, yoy there was a decrease in portfolio
Treasury business included money market transactions management by 15.77% from IDR43,281 billion in 2022 to
(money market), securities transactions (fixed income) and IDR36,431 billion in 2023.
Graph of Total Treasury Asset Management (in IDR million)
45,281,074
43,251,010
36,430,876
33,911,368
29,707,332
2019 2020 2021 2022 2023
Table of Total Treasury Asset Management Position as of December 2022-2023
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Total Treasury Asset Management 36,430,876 43,251,010 (6,820,134) (15.77%)
The decrease in the amount managed by Treasury resulted its Treasury business with interest income of IDR2,160 billion
in a yoy decrease in interest income from the investment in 2023. This income was also supplemented by fee based
returns of all portfolios managed by Treasury in 2023 when income originating from foreign exchange transactions
compared to 2022. The trend of increasing interest rates amounting to IDR18.33 billion, up 132% from last 2022
that occurred during 2023, was still utilized well even though amounting to IDR13.85 billion, so the total revenue recorded
Treasury managed funds experienced a decline. Due to this by Treasury was IDR2,179.27 billion.
decline, the bank still recorded quite good performance in
Table of Treasury Productivity 2022-2023
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Placement with Bank Indonesia 16,392 64,104 (47,712) (74.43%)
Placement with Other Bank 184,249 87,834 96,414 109.77%
PT Bank Pembangunan Daerah Jawa Timur Tbk
192 2023 Annual Report
Page 195
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Securities 1,547,907 1,693,451 (145,544) (8.59%)
Reverse Repo Receivables 412,391 459,760 (47,369) (10.30%)
Total 2,160,938 2,305,149 (144,211) (6.25%)
Economic turmoil, which is still influenced by geopolitical Treasury Competitive Advantage and Innovation
conflicts which cause global inflationary pressures and the As the business sector continues to grow from large, medium to
State’s response by increasing interest rates, is the main MSMEs scale. It has helped to encourage the economic recovery
challenge faced by the Treasury Division. Throughout 2023, after the Covid-19 pandemic. It has also had a positive impact
Bank Indonesia has increased the BI 7-Day Reverse Repo to the Treasury business, especially for the retail segment. The
Rate (BI7DRR) interest rate by 50 bps from 5.50% to 6.00%. competition in the digital services landscape within the banking
Most Treasury activities were directly affected by changes industry requires ongoing innovation from each bank, compelling
in trends that occurred in several economic indicators, them to deliver the best services to every customer. In order to
both global and domestic. The annual decline in Treasury increase productivity and provide a sustainable contribution to the
income was due to a decrease in total Treasury assets under Bank’s performance in general, during 2023, Treasury expanded
management, which in 2023 would be diverted to lending foreign exchange transactions, both telegraphic transfers and
which produced higher yields compared to Treasury yields. banknotes with a concrete strategy by adjusting policies regarding
Apart from that, managing market risk on Treasury managed minimum transactions so that customers can negotiate for foreign
portfolios would also be the main focus of activity in 2023 in exchange buying and selling transactions (special rates). Treasury,
line with the trend of increasing interest rates which greatly together with the branch offices, carried out join marketing/
influenced the level of yields and prices of securities. Facing canvassing to the potential customer and continued a series of
this, the Bank took steps to reprofil its portfolio while still development processes for the foreign exchange conversion
paying attention to risk management aspects. feature on the Bank’s mobile banking application which entered
the user acceptance stage. In addition, Treasury collaborated
Bank Jatim’s liquidity condition during 2023 experienced a with International Banking division and carried out business
slight decline from the previous year but was considered still collaborations with Money Transfer Operator company located
quite fair, because credit growth and bank financing grew in Malaysia to provide easy services in terms of remittance for
quite significantly. In order to optimize income from idle funds, the Indonesian migrant workers so that it can facilitate money
banks would still provide the largest portion for managing transfer activities to their family and relative in Indonesia via the
Securities in the capital market in 2023, considering that JConnect Remittance service. This business practice proved to be
this portfolio provided quite high returns when compared to contributing a significant contribution to both parties, both for the
other instruments. The purchase of Securities was primarily Bank and the Money Transfer Operator company.
intended to fulfill the Macroprudential Liquidity Buffer (PLM)
ratio, the Macroprudential Intermediation Ratio (RIM) was Treasury Business Prospect dan Strategi Bisnis for 2024
also used as an investment instrument that could increase In 2024, Bank Jatim will still face a challenging year for the
interest income for the bank. Treasury business due to uncertainty caused by increasing
recession risks in various countries as well as the global pressure
Bank Jatim was also able to manage liquidity efficiently because of geopolitical crisis. Treasury will continue to strive to
by continuing to apply the principle of compliance with improve its role in optimizing bank business growth in terms
Indonesian Bank regulations regarding Minimum Statutory of managing liquidity, raising funds, increasing profits, and
Reserves and Net Open Position (PDN) throughout 2023. increasing transactions in accordance with Treasury’s commitment
Realization of Rupiah GWM on December 31 2023 was to increase positive contributions to Bank Jatim. In the idle fund
8.85% which included incentives GWM was 2.80%. The Bank management, Treasury will still optimize it through investment by
Indonesia Rupiah GWM provisions were 9%. Meanwhile, the prioritizing the principle of prudence in instruments that generate
realization of GWM in foreign exchange on December 31 high yields for the Bank, especially by maintaining the size of the
2023 was 6.62% above Bank Indonesia’s regulation of 4%. existing securities portfolio. In addition, there will be increased
For Bank PDN, the realization on December 31, 2023 was synergies and partnerships with counterparties in developing the
0.44%, still within the Bank Indonesia regulatory limit of 20%. Treasury business while still prioritizing the principle of prudence.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 193
Page 196
In order to increase transactions and obtain fee-based related units will increase business collaboration with Money
income and expand bank market share, improving client Transfer Operator companies abroad. This is related to
flow through optimizing Treasury’s products and services will JConnect Remittance which aims to provide the easy money
be the main focus of Bank Jatim’s Treasury business which transfer services from abroad for Indonesian workers spread
is expected to grow a sustainable business. Marketing to across various parts of the world to send funds to families
the foreign exchange loans and savings customer and those in Indonesia in real time at affordable costs. The recorded
who need foreign exchange for export-import transactions transaction volume in 2023 reached IDR2.2 trillion, creating
throughout Indonesia in general and the East Java region several opportunities such as additional third party funds
in particular will be the main focus of strategy to increase and a significant increase in fee-based income obtained from
foreign exchange transactions in the retail segment. Treasury, every transaction carried out by migrant workers.
together with the Internatonal Banking Division as leader and
International Banking
International Banking products include remittance transactions, 2. To create a comprehensive Bank Jatim Remittance
export-import transactions, and domestic L/C transactions. An service to meet customer needs by paying attention
explanation of each product has been presented in the Products to the speed, accuracy, and security of transactions.
and Services Sub-Chapter Profile section in this Annual Report. Mission : 1. To create, develop, and maintain Bank Jatim’s
trade finance and remittance products and services
International Banking is managed by International Banking in order to get a comparative and competitive
Division. International Banking Devision was formed in July advantage and market acceptance.
2023 in accordance with the Decree Number: 061/218/ 2. To build a marketing system capable to drive Trade
DIR/PRS/KEP dated December 7, 2022 concerning the Finance marketing activities and all Bank Jatim
Organizational Structure and Work Procedure. The International work units as an effort to increase the Bank Jatim’s
Banking Division has duties and responsibilities to business trade finance and remittance business transactions.
management In the form of remittance, trade finance, and bank 3. To provide adequate service in making payments to
to bank business. For Remittance and Trade Finance business, and from abroad quickly, safely, and at competitive
The Internatinal Banking Division has responsibility for costs.
managing the end to process, from marketing to operational 4. To provide the best remittance service supported
processes. To contribute to the company revenue and principle by a trusted system.
of Corporate Governance, as follows:
Vision : 1. To make Bank Jatim as the first and leading
Regional Development Bank (BPD) through the
efforts to develop trade finance products (product
re-engineering) and comprehensive marketing
strategies.
International Banking productivity is described as follows:
Table of International Banking Productivity
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Remittance Transaction 2,761,382 743,416 2,017,966 271.45%
Import Export Transactions 302,468 144,824 157,644 108.85%
Domestic L/C Transaction (SKBDN) 55,917 14,506 41,411 285.47%
PT Bank Pembangunan Daerah Jawa Timur Tbk
194 2023 Annual Report
Page 197
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Graph of International Banking Productivity (in IDR million)
2,761,382 302,468 55,917
144,824
743,416 14,506
Remittance Transaction Eksport Import Transaction SKBDN Transaction
2022 2023 2022 2023 2022 2023
In 2023, the performance of trade finance and remittance and acquisition process were relatively easier to carry out.
products at Bank Jatim experienced a significant increase Moreover, the Treasury Division of Bank Jatim played a pivotal
(>200%). It reflected Bank Jatim’s progress as foreign exchange role in offering competitive rates, facilitating the acquisition of
Bank in the domestic and international markets amidst the numerous customers in 2023.
economic conditions that started to improve after the global - Domestic L/C Transactions
pandemic. Bank Jatim’s programs in preparing human resources Bank Jatim’s domestic L/C transactions in 2023 amounted to
and strategies to respond to this has resulted in a good result, IDR55.92 million, an inrease of 285.47% compared to 2022
proved by the results of performance achievements in 2023. The which amounted to IDR14.51 million. The human resources
following is the detailed analysis of the increase in performance in Bank Jatim, both the marketing and operational unit were
of trade finance and remittance product in Bank Jatim. ready and competent in marketing and executing the domestic
- Remittance Transactions L/C transactions. Marketers who adopted a customer-centric
Bank Jatim’s remittance transactions in 2023 amounted to approach were capable of providing precise advice to the
IDR2.76 trillion, an increase of 271.45% compared to 2022 existing and potential customers. This approach ensured that
which amounted to IDR743,42 million. The development of customers felt supported, so the customer maintenance and
collaborative remittance products carried out by Bank Jatim is acquisition process were relatively easier to carry out.
one that makes significant contributions to the performance of
Remittance transactions. The strategy of opening the corridors International Banking Strategy in 2023
and collaborating with the new remittance counterparts The strategy carried out by International Banking Division as
resulted in an increase in Bank Jatim’s Remittance transactions. one of Bank Jatim’s business divisions is as follows:
In addition, marketers from Branches, Sub-Branches as well 1. Market Intelligence
as the Head Office Business Division had contributed to the By developing business processes through benchmarking
marketing efforts of Bank Jatim’s foreign exchange products. at other banks and conducting customer satisfaction
Moreover, the Treasury Division of Bank Jatim played a pivotal surveys.
role in offering competitive rates, facilitating the acquisition of 2. Product and Services Development Proposal
numerous customers in 2023. Carrying out product innovations, updating internal
- Export-Import Transactions regulations, and penetrating foreign markets (opening
Bank Jatim’s export-import transactions In 2023 amounted new corridors and collaborating with new remittance
to IDR302.47 million, an increase of 108.85% compared to counterparts).
2022 which amounted to IDR144.83 million. The human 3. Third Parties Reciprocal Relation
resources in Bank Jatim, both the marketing and operational Collaborating with third parties including Remittance
unit were ready and competent in marketing and executing Counterparts/Money Transfer Operator (MTO), synergizing
the export-import transaction, both under the letter of credit with the Department of Manpower, Indonesian Migrant
and non letter of credit. Marketers who adopted a customer- Worker Placement Companies, synergizing with export-
centric approach were capable of providing precise advice to import associations or communities such as GPEI, ECS,
the existing and potential customers. This approach ensured ICC, and other Export-Import Associations.
that customers felt supported, so the customer maintenance
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 195
Page 198
4. Marketing Action receive funds from/to Indonesia. It is hoped that in the coming
Carrying out appropriate marketing communications to year there will be an increase in foreign exchange transactions
increase brand awareness, either through certain marketing through Bank Jatim.
tools or promotional programs and event sponsorship,
actively carrying out internal and external marketing International Banking Business Prospect for 2024
(to business units at the Head Office, Branches, Sub- Until the end of December 2023, the total volume of foreign
branches or potential customers), holding gatherings with exchange transactions at Bank Jatim reached the equivalent
stakeholders (in this case, with Government Services, the of IDR3.12 trillion (remittance transactions, letter of credit
Indonesian Migrant Worker community, MTO, and MSMEs and domestic L/C) or reached ±175.28% of the transaction
that have foreign exchange transaction activities. volume target set for 2023. This achievement provided an
overview of the opportunities for revenue from the foreign
International Banking Competitive Advantage exchange transactions, one of which was by developing
and Innovation MSMEs in the East Java region to become foreign exchange
In line with the vision and mission of BPD Jatim, the International pendulum villages and by becoming foreign exchange
Banking Division seeks to make breakthroughs, namely through pendulum villages, MSMEs can export the results of their
Foreign Exchange Pendulum Village and J-Export and Trade business abroad so that it is hoped that they can also improve
Assistance (JXTA) programs, as well as collaboration with the welfare of the people in that region. Then, it will increase
Remittance Counterparts/Money Transfer Operator (MTO) as a the number of collaborations with Remittance Counterparts/
way to develop MSMEs in East Java and provide assistance for Money Transfer Operator (MTO) to open new remittance
Indonesian Migrant Workers abroad with transactions to send/ transaction corridors abroad as form of Bank Jatim revenue
in the form of foreign exchange.
Bank Jatim Custodian
Treasury Business PrBank Jatim obtained an operating permit 3. Management of customer’s rights over ownership of
for custodian services from the Otoritas Jasa Keuangan securities held so that the rights are effective in the
(OJK) under the letter No. S4/ PM.2/2019 dated January 29, customer’s account (corporate action).
2019. Bank Jatim Custodian is part of the Funds and Services 4. Proxy at the General Meeting of Shareholders and
Division, Retail and Individual Funds and Services Sub-Division, General Meeting of Bondholders.
the services provided include: 5. Sub-Registry to serve investors conducting Securities
1. Safekeeping and administration of Securities (corporate transactions and investments
bonds, medium term notes, negotiable certificates of 6. Submission of reports and information related to
deposit, sukuk, etc.) in script or scriptless form. securities and/or valuable documents belonging to
2. Settlement of sale-purchase transactions of Securities. customers, which are stored and administered by Bank
Jatim Custodian.
Bank Jatim Custodian productivity is described as follows:
Table of Bank Jatim Custodian Productivity
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
ASSET UNDER CUSTODY
January 1,891,700 1,877,900 13,800 0.73%
February 2,128,700 1,737,900 390,800 22.49%
March 2,063,700 1,815,900 247,800 13.65%
April 2,030,700 1,805,900 224,800 12.45%
May 1,873,144 1,761,400 111,744 6.34%
June 1,918,089 1,730,100 187,989 10.87%
July 2,065,102 1,821,600 243,502 13.37%
PT Bank Pembangunan Daerah Jawa Timur Tbk
196 2023 Annual Report
Page 199
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
August 1,766,159 2,274,600 (508,441) (22.35%)
September 1,802,449 2,224,600 (422,151) (18.98%)
October 2,220,286 2,109,600 110,686 5.25%
November 2,295,255 1,895,700 399,555 21.08%
December 2,225,265 1,891,700 333,565 17.63%
Mature Effect 878,000 1,291,900 (413,900) (32.04%)
Settled Market Securities 20,000 0 20,000 -
Total assets under custody in 2023 reached IDR2.22 trillion, an increase of 17.63 % compared to 2022 which reached IDR1.89 trillion.
The increase was due to the increasing number of custodian customers and managed securities.
Graph of Bank Jatim Custodian Securities Managed Fund (in IDR million)
January February March April May June July August September October November December
2022 1,877,900 1,737,900 1,815,900 1,805,900 1,761,400 1,730,100 1,821,600 2,274,600 2,224,600 2,109,600 1,895,700 1,891,700
2023 1,891,700 2,128,700 2,063,700 2,030,700 1,873,144 1,918,089 2,065,102 1,766,159 1,802,449 2,220,286 2,295,255 2,225,265
2022 2023
Custodian service customers consist of Bank Jatim internal and external customers. Internal customers do not directly provide
income and profit, but there are cost efficiencies for securities previously held by the Treasury Division at other custodian banks.
Bank Jatim Custodian in 2023 Bank Jatim Custodian Competitive Advantage
The strategies that had been carried out by the Custodian Bank and Innovation
Jatim throughout 2023 are presented as follows: Bank Jatim Custodian competitive advantage and innovations
1. Cooperating with Custodian Services with the Pension include:
Fund Foundation in East Java. 1. Competitive safe keeping costs.
2. Collaborating with Custodian Services with the Regency 2. Provide additional services related to reporting for free.
and City Regional Financial and Asset Management
Agencies (BPKAD) in the East Java region.
3. Marketing custodial services to fellow Regional Development
Banks (BPD) with more competitive storage costs.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 197
Page 200
Bank Jatim Custodian Business Prospect for 2024 Bank Jatim Custodian Strategy for 2024
The business prospects of Bank Jatim Custodian in 2023 are The strategy to be carried out by the Bank Jatim Custodian for
as follows: 2024 is as follows:
1. Collaboration of Custodian Services with Pension Fund 1. Updating the core custodial system that can accommodate
Foundations in the East Java region. reconciliation, electronic proxy delivery and adjustments to
2. Collaboration of Custodian Services with Regional-Owned C-Best Next G.
Enterprises and Private Companies in the East Java region. 2. Development of a core custodian system related to menu
3. Cooperation of Custodian Services with BPD in Indonesia. inquiry facilities for custodian customer portfolios.
3. Marketing custodial services to fellow BPD Banks with more
competitive deposit fees.
4. Marketing custodial services to Pension Fund Foundation in
the East Java region with more competitive storage costs.
Conventional Segment Income and Profitability
Conventional segment operating income in 2023 reached IDR5,458,757 million, a decrease of 8.64% compared to the previous year
which reached IDR5,975,236 million. The decrease came from a decrease in interest income other operations.
Conventional segment operating profit in 2023 reached IDR1,821,231 million, a decrease of 4.25% compared to the previous year
which reached IDR1,902,035 million. This decrease came from an increase in CKPN credit formation decline in operating profit and
other operating income.
Table of Conventional Segment Income and Profitability
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Asset 100,234.184 99,959,909 274,275 0.27%
Liability 88,117,360 88,554,718 (437,358) (0.49%)
Operating Income 5,458,757 5,975,236 (516,480) (8.64%)
Operating Profit 1,821,231 1,902,035 (80,805) (4.25%)
Sharia Segmen Sharia Segment Explanation and Productivity
Bank Jatim sharia segment consisted of third-party funds/ THIRD PARTY FUND SHARIA
deposits, financing and services. Network expansion is a Sharia third party funds consist of iB Barokah Current Account
supporting factor for the development of the Sharia Business (Wadi’ah), iB Barokah Current Account (Mudharabah), Simpel iB
Unit (UUS) of Bank Jatim. Customers can perform banking Savings, TabunganKu iB, Umroh iB Amanah Savings, SiPandai
transactions easily through the UUS network which included iB Barokah Savings, Santri (Student) Savings, Barokah Savings,
7 (seven) Sharia Branch Offices, 10 (ten) Sharia Sub-Branch iB Barokah Sejahtera Savings, Hajj iB Amanah Savings, Haji iB
Offices, 4 (four) Cash Offices, 8 (eight) Sharia Payment Points, Amanah Savings, iB Barokah Pension and Barokah Deposits.
217 Agents of Laku Pandai Sharia, 196 Sharia Service Offices An explanation of each Sharia Funding product has been
(KLS), 26 (twenty six) ATM machines, 10 (ten) CRM ATM presented in the Profiles section of the Products and Services
Machine and 7 Mobile Cash Cars. Sub-Chapter in this Annual Report.
PT Bank Pembangunan Daerah Jawa Timur Tbk
198 2023 Annual Report
Page 201
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
The description amount of Sharia Funding Segment is presented as follows:
Table of Sharia TPF Productivity
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Current Account iB Barokah (Wadiah) 174,426 156,090 18,336 11.75%
Current Account iB Barokah (Mudharabah) 1,786 1,636 150 9.17%
Simple Savings iB 10,255 7,083 3,172 44.78%
TabunganKu iB 63,673 56,222 7,451 13.25%
Umroh iB Amanah Savings 5,304 4,004 1,300 32.47%
SiPandai iB Barokah Savings 16 15 1 6.67%
Santri (Student) Savings 1,877 13 1,864 14,338.46%
Barokah Savings 354,156 297,416 56,740 19.08%
Barokah Sejahtera Savings 7,917 7,374 543 7.36%
Hajj iB Amanah Savings 354,921 288,567 66,354 22.99%
IB Barokah Savings Plan 1,440 1,217 223 18.32%
IB Barokah Pension Savings 37 23 14 60.87%
Barokah Deposits 1,626,798 1,245,458 381,340 30.62%
Total 2,602,606 2,065,118 537,488 26.03%
In 2023, the realization of Sharia DPK amounted to IDR2.60 Based on the DPK achievement in 2023, there are three products
trillion, reflecting a significant increase of IDR537.49 billion or that have experienced a significant increase compared to the
26.03% compared to the IDR2.07 trillion recorded in 2022. The composition of DPK in 2022, namely Barokah Deposits amounting
growth in Sharia DPK primarily originated from the expansion of to IDR381.34 billion, Hajj iB Amanah Savings amounting to
Barokah Deposits, contributing an increase of IDR381.34 billion. IDR66.35 billion and Barokah Savings amounting to IDR56.74
Concurrently, CASA witnessed an uptick of IDR156.15 billion or billion.
19.05% compared to the 2022 figure of IDR819.66 billion, driven
by the growth in iB Amanah Haji Savings.
The description amount of Sharia Funding Segment customers is presented as follows:
Table of Funding Sharia Customers
(in number of customers)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Current Account iB Barokah (Wadiah) 1,689 1,467 222 15.13%
Current Account iB Barokah (Mudharabah) 8 6 2 33.33%
Simple Savings iB 53,480 45,989 7,491 16.29%
TabunganKu iB 41,567 36,918 4,649 12.59%
Umroh iB Amanah Savings 2,076 1,693 383 22.62%
SiPandai iB Barokah Savings 403 388 15 3.87%
Santri (Student) Savings 14,997 1,338 13,659 1,020.85%
Barokah Savings 50,478 46,057 4,421 9.60%
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 199
Page 202
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Barokah Sejahtera Savings 69 77 (8) (10.39%)
Hajj iB Amanah Savings 129,284 127,671 1,613 1.26%
IB Barokah Savings Plan 355 305 50 16.39%
IB Barokah Pension Savings 115 9 106 1,177.78%
Barokah Deposits 2,977 2,752 225 8.18%
Total 297,498 264,670 32,828 12.40%
The growth in the number of deposits was followed by an In general, the number of customers in some Bank Jatim UUS
increase in the number of customers. In 2023, the number of DPK products has increased compared to 2022, but only one
Bank Jatim UUS DPK customers will be 297,498 customers, an product has decreased, namely Barokah Sejahtera Savings,
increase of 32,828 customers or 12.40% compared to 2022. The amounting to 8 customers or 10.39%
growth primarily stemmed from an increase in the customers of
the Santri (Student) Savings savings account.
Graph of Growth TPF Sharia (in IDR million) Graph of Growth Funding Sharia Customers (in Customer)
2,602,606 297,498
264,670
2,065,118
Total DPK Sharia Total Funding Sharia Customers
2022 2023 2022 2023
The description of the performance of each funding product is presented as follows:
• Current Account iB Barokah (Wadiah) Simple Savings experienced a growth of 7,491 account
The iB Barokah (Wadiah) Current Account saw an increase holders, representing a 16.29% increase compared to
of IDR18.34 billion or 11.75%, rising from IDR156.09 billion the year 2022.
to IDR174.43 billion in 2023. In terms of the number of • TabunganKu iB
customers, the iB Barokah (Wadiah) Current Account The iB TabunganKu Savings experienced an increase
experienced a growth of 222 account holders, representing of IDR7.451 billion or 13.25%, growing from IDR56.222
a 15.13% increase compared to the year 2022. billion to IDR63.673 billion in 2023. In terms of the number
• Current Account iB Barokah (Mudharabah) of customers, the iB TabunganKu witnessed an increase
The iB Barokah (Mudharabah) Current Account experienced of 4,649 account holders, reflecting a 12.59% growth
an increase of IDR150 million or 9.17%, rising from IDR1.64 compared to the year 2022.
billion to IDR1.79 billion in 2023. In terms of the number of • Umroh iB Amanah Savings
customers, the iB Barokah (Mudharabah) Current Account The iB Amanah Umroh Savings experienced an increase
witnessed an increase of 2 account holders, representing a of IDR1.30 billion or 32.47%, growing from IDR4.00 billion
33.33% growth compared to the year 2022 to IDR5.30 billion in 2023. In terms of the number of
• Simple Savings iB customers, the iB Amanah Umroh Savings witnessed an
The iB Simple Savings saw an increase of IDR3.17 billion increase of 383 account holders, representing a 22.62%
or 44.78%, rising from IDR7.08 billion to IDR10.26 billion growth compared to the year 2022.
in 2023. In terms of the number of customers, the iB
PT Bank Pembangunan Daerah Jawa Timur Tbk
200 2023 Annual Report
Page 203
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
• SiPandai iB Barokah Savings • Hajj iB Amanah Savings
SiPandai iB Barokah Savings saw an increase of IDR1 million or The iB Amanah Hajj Savings recorded an increase of IDR66.35
6.67%, growing from IDR15 million to IDR16 million in 2023. billion or 22.99%, reaching IDR354.92 billion from IDR288.57
In terms of the number of customers, SiPandai iB Barokah billion in 2023. In terms of the number of customers, there was
Savings experienced an increase of 15 account holders, an increase of 1,613 account holders, representing a growth
representing a 3.87% growth compared to the year 2022. of 1.26% compared to the year 2022.
• Santri (Student) Savings • IB Barokah Savings Plan
The Santri Savings experienced an increase of IDR1.86 The iB Barokah Planned Savings experienced an increase
billion or 14,338.46%, growing from IDR13 billion to IDR1.88 of IDR223 million or 18.32%, growing from IDR1.22 billion
billion in 2023. In terms of the number of customers, the to IDR1.44 billion in 2023. In terms of the number of
Santri Savings witnessed an increase of 13,659 account customers, the iB Barokah Planned Savings saw an increase
holders, representing a growth of 1,020.85% compared to of 50 account holders, representing a growth of 16.39%
the year 2022. compared to the year 2022.
• Barokah Savings • IB Barokah Pension Savings
The Barokah Savings witnessed an increase of IDR56.74 billion The iB Barokah Pension Savings experienced an increase
or 19.08%, rising from IDR297.42 billion to IDR354.16 billion of IDR14 million or 60.87%, rising from IDR23 million to
in 2023. In terms of the number of customers, the Barokah IDR37 million in 2023. In terms of the number of customers,
Savings experienced an increment of 4,421 account holders, the iB Barokah Pension Savings witnessed an increase of
reflecting a growth of 9.60% compared to the year 2022. 106 account holders, reflecting a growth of 1,177.78%
• Barokah Sejahtera Savings compared to the year 2022.
The Barokah Sejahtera Savings experienced an increase of • Barokah Deposits
IDR543 million or 7.36%, growing from IDR7.37 billion to The Barokah Deposit witnessed an increase of IDR381.34
IDR7.92 billion in 2023. In terms of the number of customers, billion or 30.62%, rising from IDR1.25 trillion to IDR1.63
the Barokah Sejahtera Savings saw a decrease of 8 account trillion in 2023. In terms of the number of customers, the
holders or (10.39%) compared to the year 2022. Barokah Deposit experienced an increase of 225 account
holders, representing an 8.18% growth compared to the
year 2022.
SHARIA FINANCING
Sharia Financing consisted of Consumer, Retail and Commercial Small Financing. Retail Financing includes the Linkage Program
Financing, Consumer Financing included iB Barokah Gold, and Commercial Financing includes General Financing and
KPR iB Griya Barokah, KPR Sejahtera, Employee Financing, Presidential Decree/Contractor Working Capital Financing.
Multipurpose iB Barokah, Ownership of iB Barokah Gold Description of each Sharia Financing product is presented in
Metal, Umroh iB Maqbulla, Hajj Al Mabrur Bailout Loan. Micro the Profiles section of the Products and Services SubChapter in
Financing includes People’s Business Credit (KUR) and Micro this Annual Report.
The description amount of Sharia Financing is presented as follows:
Table of Sharia Financing Productivity
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
CONSUMER FINANCING
iB Barokah Gold Mortgage 24,304 22,568 1,736 7.69%
Home Ownership Loans (KPR) Griya Barokah 735,342 726,913 8,429 1.16%
Commercial KPR 265,936 269,441 (3,505) (1.30%)
Housing Finance Liquidity Facility KPR (FLPP) 469,406 457,473 11,933 2.61%
Employee Financing 141,989 144,281 (2,292) (1.59%)
Multipurpose iB Barokah 47,338 65,248 (17,910) (27.45%)
Gold Ownership (KLE) iB Barokah 1,412 1,443 (31) (2.15%)
Umroh Bailout Loan iB Maqbulla 239 276 (37) (13.41%)
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 201
Page 204
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Hajj Al Mabrur Bailout Loan 45 90 (45) (50.00%)
Sub Total Consumer 950,669 960,819 (10,150) (1.06%)
MICRO, RETAIL AND COMMERCIAL FINANCING
Linkage 69,754 69,233 521 0.75%
a. Cooperative Financing (PKOP)/ Cooperative Financing 49,796 11,896 23.89%
61,692
for Members (PKPA)
b. Sharia Rural Bank (BPRS) 8,062 19,437 (11,375) (58.52%)
General 1,053,351 794,949 258,402 32.51%
a. Investment 715,899 484,098 231,801 47.88%
b. Working Capital 312,739 297,087 15,652 5.27%
c. Factoring 24,713 13,765 10,948 79.54%
Keppres/Contractor 102,279 78,470 23,809 30.34%
People’s Business Loans 11,805 0 11,805 100.00%
Small Micro 0 0 0 0
Sub Total Micro, Retail and Commercial 1,237,189 942,652 294,537 31.25%
Total 2,187,858 1,903,471 284,387 14.94%
The total financing in 2023 was realized at IDR2.18 trillion, an The financing composition in 2023 was primarily led by general
increase of IDR284.39 billion or 14.94% compared to 2022’s investment financing. Bank Jatim Sharia actively participated
IDR1.90 trillion. This includes various financing schemes such in syndicated financing for projects such as PT Pembangunan
as Gadai Emas iB Barokah (Gold Pawn), KPR iB Griya Barokah Perumahan Semarang Demak, PT Cimanggis Cibitung
(Home Ownership Financing), KPR Sejahtera, Employee Tollways, and other toll road developments. The second-largest
Financing, Multipurpose iB Barokah, Kepemilikan Logam Emas contributor to financing was the Prosperous Home Ownership
(KLE - Gold Ownership), Hajj Al Mabrur Bailout Loan, Umroh iB Financing (FLPP), which continued to be a primary focus for
Maqbula, Linkage Program Financing, General Financing, and channeling funds to Low-Income Communities (MBR). Bank
Presidential/Contractor Financing (KEPPRES). The increase was Jatim is actively supporting the government’s housing subsidy
attributed to the rise in several financing schemes, including a program. In 2023, the achievements in this sector were highly
2.61% increase in KPR Fasilitas Likuiditas Pembiayaan Perumahan satisfactory. The outstanding amount for FLPP saw an increase
(FLPP) amounting to IDR11.93 billion, a 0.75% increase in of IDR11.9 billion in 2023, representing a growth percentage of
Linkage Program Financing totaling IDR521 million, a 47.88% 2.61% compared to 2022. The composition of FLPP within the
increase in Investment Financing amounting to IDR231.80 total outstanding home financing stood at 21.46%
billion, a 5.27% increase in Working Capital Financing totaling
IDR15.65 billion, a significant 79.54% increase in Receivables
Factoring amounting to IDR10.95 billion, and a 30.34% increase
in Presidential Financing totaling IDR23.81 billion.
The description Sharia Financing numbers of customers is presented as follows:
Table of Sharia Financing Customers
(in number of customers)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
CONSUMER FINANCING
iB Barokah Gold Mortgage 1,379 1,195 184 15.40%
Home Ownership Loans (KPR) Griya Barokah 5,314 5,135 179 3.49%
PT Bank Pembangunan Daerah Jawa Timur Tbk
202 2023 Annual Report
Page 205
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Commercial KPR 1,250 1,346 (96) (7.13%)
Housing Finance Liquidity Facility KPR (FLPP) 4,064 3,789 275 7.26%
Employee Financing 513 406 107 26.35%
Multipurpose iB Barokah 667 858 (191) (22.26%)
Gold Ownership (KLE) iB Barokah 146 113 33 29.20%
Umroh Bailout Loan iB Maqbulla 9 7 2 28.57%
Hajj Al Mabrur Bailout Loan 2 4 (2) (50.00%)
Sub Total Konsumer 8,030 7,718 312 4.04%
MICRO, RETAIL AND COMMERCIAL FINANCING
Linkage 185 223 (38) (17.04%)
a. Cooperative Financing (PKOP)/ Cooperative Financing
182 216 (34) (15.74%)
for Members (PKPA)
b. Sharia Rural Bank (BPRS) 3 7 (4) (57.14%)
General 750 504 246 48.81%
a. Investment 287 183 104 56.83%
b. Working Capital 448 312 136 43.59%
c. Factoring 15 9 6 66.67%
Keppres/Contractor 109 63 46 73.02%
People’s Business Loans 97 0 97 100.00%
Small Micro 0 0 0 0.00%
Sub Total Micro, Retail and Commercial 1,141 790 351 44.43%
Total 9,171 8,508 663 7.79%
Graph of Growth Sharia Financing Graph of Growth Sharia Financing Customers
in IDR million in Customer
2.187.858 9.171
8.508
1.903.471
Total Sharia Financing Sharia Financing Customers
2022 2023 2022 2023
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 203
Page 206
The description of the performance of each sharia financing f. Talangan Haji (Hajj Bailout Loan)
product is presented as follows: Hajj Bailout Loan (Hajj Bailout Loan) product distribution
1. Consumer Segment will experience a decline in 2023 by 50.00%, from the
a. IB Barokah Gold (Pawn) nominal amount of IDR90 million in 2022 to IDR45
During 2023, there was an increase in financing million in 2023. Specifically for Hajj Financing, there
distribution through Emas iB Barokah reaching was no expansion of financing due to government
IDR1.74 billion or 7.69% from IDR22.57 billion in regulations. As a result, there was no increase in the
2022 to IDR24.30 billion in 2023. Meanwhile, Pawn disbursement of financing in 2023.
Financing customers experienced an increase of 184
customers from 1,195 customers in 2022 to 1,379 2. Micro Segment
customers in 2023. a. KUR Financing
b. KPR iB Griya Barokah Throughout 2023, UUS Bank Jatim launched a new
The composition of Bank Jatim UUS KPR is Commercial product, Sharia Microbusiness Loan (KUR Sharia), and
KPR and FLPP KPR. The total outstanding KPR Griya achieved a disbursement of IDR11.81 billion for this
Barokah in 2023 is IDR735.34 billion, an increase of product. The number of customers availing KUR Sharia
1.16% from financing in 2022 of IDR726.91 million. In in 2023 was 97.
2023, disbursement of Commercial Mortgage Loans
(KPR Komersil) experienced a decrease of 1.30%, 3. Retail Segment
amounting to IDR3.51 billion compared to 2022. a. Linkage Program
However, disbursement of Government-subsidized During 2023, UUS Bank Jatim has recorded an
Home Ownership Financing (KPR FLPP) increased increase in financing distribution using the Linkage
by 2.61%, totaling IDR11.93 billion compared to Program pattern reaching IDR521 million or 0.75%,
2022. In terms of customer numbers, there was an rising from IDR69.233 billion in 2022 to IDR69.754
increase in the disbursement for Giriya Barokah billion in 2023.
Home Financing by 179 customers and a rise of 275 In terms of the number of customers, the disbursement
customers for FLPP Home Financing. Conversely, of Linkage Program financing experienced a decrease
Commercial Mortgage Loans saw a decrease with 96 of 38 customers. In 2022, there were 216 customers,
fewer customers. and by 2023, the count decreased to 185 customers.
c. Multipurpose iB Barokah
During 2023, UUS Bank Jatim recorded a decrease in 4. Commercial Segment
the distribution of Multipurpose iB Barokah financing a. General Financing
by IDR17.91 billion or 27.45%, declining from the General Financing is financing for businesses, both
nominal amount of IDR65.25 billion in 2022 to individuals and legal entities, to meet Working Capital
IDR47.34 billion in 2023. Additionally, the number and/or investment needs. During 2023, UUS Bank
of customers availing Multiguna Financing also Jatim has recorded General Financing Growth of
experienced a decrease of 191 customers. In 2022, IDR258.40 billion or 32.51%, rising from IDR794.95
there were 858 customers, and by 2023, the count billion in 2022 to IDR1.05 trillion in 2023. The growth
decreased to 667 customers. in the disbursement of general financing, in terms of
d. Ownership of iB Barokah Gold Metal the number of customers, experienced an increase of
During 2023, there will be a decrease in financing 246 customers. This increase was attributed to a rise
distribution through Owenership of Gold Metal (KLE) in customers availing investment financing by 104
by IDR31 million or 2.15%, declining from the nominal customers, working capital financing by 136 customers
amount of IDR1.43 billion in 2022 to IDR1.41 billion and factoring for 6 customers.
in 2023. The number of customers availing Gold b. Keppres/Contractor Working Capital Financing
Ownership Financing iB Barokah, however, increased During 2023, UUS Bank Jatim experienced an
by 33 customers. In 2022, there were 113 customers, increase in the distribution of Working Capital
and by 2023, the count increased to 146 customers. Financing Presidential Decree reaching IDR23.81
e. Umroh iB Maqbulla billion or 30.34%. This figure rose from IDR78.47
The distribution of Umrah Bailout Loan iB Maqbulla billion in 2022 to IDR102.30 billion in 2023. In terms
products decreased by 13.41%, equivalent to IDR37 of the number of customers, there was an increase
million, from the nominal amount of IDR276 million of 46 customers availing Working Capital Financing
in 2022 to IDR239 million in 2023. In terms of the for Presidential Decree. In 2022, there were 63
number of customers, the disbursement of Umroh customers, and by 2023, the count increased to 109
Financing iB Maqbulla increased by 2 customers in customers.
2023.
PT Bank Pembangunan Daerah Jawa Timur Tbk
204 2023 Annual Report
Page 207
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
OTHER SERVICES - SHARIA
The Sharia Treasury business includes money market and (FASBIS), Bank Indonesia Sukuk Interbank Deposits (SukBI),
securities transactions carried out by the Sharia Treasury Group Sharia Interbank Mudharabah Investment Certificates (SIMA),
under the Sharia Business Division. The Sharia Treasury Portfolio Sharia Participation Mutual Funds Limited Liability Securities
facility includes Sharia Bank Indonesia Deposit Facilities (RDSPT) and State Sharia Securities (SBSN).
Description Sharia Treasury Productivity is presented as follows:
Table of Sharia Treasury Productivity
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Sharia Bank Indonesia Deposit Facilities (FASBIS) 150,000 145,000 5,000 3.45%
Bank Indonesia Sukuk Interbank Deposits (SukBI) 450,000 400,000 50,000 12.50%
Sharia Interbank Mudharabah Investment Certificates
450,000 325,000 125,000 38.46%
(SIMA),
Sharia Participation Mutual Funds Limited Liability
25,000 25,000 0 0.00%
Securities (RDSPT)
State Sharia Securities (SBSN) 141,406 102,935 38,471 37.37%
Total 1,216,406 998,163 218,243 21.86%
Fasilitas Simpanan Bank Indonesia or Bank Indonesia Sharia of Bank Jatim Sharia Business Unit as of 31 December 2023
Deposit Facility (FASBIS) is a Sharia Monetary Operation is IDR450 billion, an increase of IDR125 billion or 38.46%
instrument through standing facilities where the Bank places compared to December 2022. The increase in this instrument
rupiah funds at Bank Indonesia for the purpose of absorbing is the result of a strategy to optimize revenue while maintaining
the Bank’s liquidity.In 2022, FASBIS Bank Jatim Business Unit short-term liquidity.
was recorded at IDR150 billion, an increase of IDR5 billion or
3.45% from December 2022. The increase was due to lack of The Sharia Participation Mutual Funds Limited Liability
absorption in the money market, resulting in the remaining idle Securities (RDSPT) Certificate owned by the Bank Jatim Sharia
funds being placed in Bank Indonesia’s Open Market Operation Business Unit in December 2023 is IDR25 billion. The nominal
(OPT) Absorption instrument. portfolio remained the same compared to December 2022.
Bank Indonesia Sukuk Interbank Deposits (SukBI) is another State Sharia Securities (SBSN) are Securities issued by the
Bank Indonesia Sharia Monetary Operation instrument which Government as part of investments in assets with Sharia
functions as a contraction tool to absorb excess liquidity principles which are commonly traded in the capital market
(absorb). This instrument has a tenor option of 7 (seven) days and money market. As of December 2023, the types of SBSN
to 12 (twelve) months. During 2023, the Bank Jatim Sharia owned by the Sharia Bank Jatim Business Unit are Retail Sukuk
Business Unit will be active in participating in the SUKBI auction with an Ijarah Asset to be Leased contract and Project Based
and will be an alternative placement to maintain short-term Sukuk with the same contract. Overall, SBSN owned by the
liquidity position (under 1 year). In December 2023, Bank Jatim’s Bank Jatim Sharia Business Unit experienced an increase of
Sharia Business Unit SUKBI was recorded at IDR450 billion, an IDR38 billion or 36.89% from IDR103 billion in 2020 to IDR141
increase of IDR50 billion compared to December 2022. This billion. The increase was due to the Sharia Treasury portfolio
was due to the consideration of a strategy to increase liquidity diversification strategy, revenue optimazation and efforts to
ratios, which needs to increase the portfolio of High Quality increase the HQLA portfolio.
Liquid Assets (HQLA).
Overall, in December 2023, Sharia Treasury’s managed
Sharia Interbank Mudharabah Investment Certificates (SIMA), is funds will reach IDR1,216 billion, an increase of 21.84% from
a certificate issued by Bank General Sharia or Sharia Business December 2022. Of these achievements, 86.32% were short-
Unit which is used as a short-term investment vehicle in PUAS termplacements, and only 13.68% were long-term placements.
with a mudharabah agreement. The SIMA placement position
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 205
Page 208
Graph of Sharia Idle Treasury Graph of Sharia Idle Treasury
Managed Fund Portfoliot (in IDR million) Managed Fund (in %)
1,216,406
2%
998,163 33%
10%
15%
40%
Sharia Idle Treasury Managed Fund Portfoliot FABSIS SukBI SIMA RDSPT SBSN
2022 2023
The 3 (three) largest compositions are 36.99% placement in SUKBI with a portfolio of IDR450 billion, 36.99% in SIMA investment with
a portfolio of IDR450 billion, and 12.33% FASBIS with a portfolio of IDR150 billion.
Sharia Segment Strategy in 2023
The funding and financing strategies for the sharia segment to c. Regular Gathering with partners and potential
be implemented in 2023 are presented as follows: customers
• Sharia Funding Strategy in 2023 Gatherings will be held periodically with Bank
The sharia funding strategy for the Sharia segment was Jatim Sharia partners and customers in order to
through increasing CASA and fee-based income which can improve and maintain service to customers so that
be described as follows it will increase the number of customer transactions
1. Maintenance of Existing Customers at Bank Jatim Sharia. One of the gatherings that
a. Recall Dormant/Inactive Customers (Current will be held in the first quarter of 2023 is a young
Account/Savings/Deposits) hajj campaign for all Islamic boarding schools that
Additional activities for marketing officers to are members of One Islamic Boarding School One
contact customers who were no longer active in Product (OPOP) East Java together with the Hajj
transactions but still had balances are an attempt Financial Management Agency (BPKH) and OPOP
by Bank Jatim Syariah to increase TPF balances. East Java which is expected to increase the number
This was easier to do because previously dormant of customers and the nominal value of Hajj iB
customers were familiar with Bank Jatim Syariah Amanah Savings.
so it was hoped that this activity could generate 2. New Customer Acquisition
customer interest in using Bank Jatim Syariah a. Implementation of the Barokah Hajj Program
products and services. The Hajj Barokah program is conducted in the
b. Implementation of the Barokah Spreading first quarter of 2023, starting from January to
Program Period 1 of 2023 March 2023. Prizes are given to customers who
This Barokah Spread Program aims to enable open a Hajj iB Amanah Savings account and
customers who hold Barokah Savings accounts simultaneously register for the Hajj portion. The
to increase the balance in their accounts. Prizes prizes given to customers are in the form of gold
are given through a points redeem system where metal weighing 0.05 grams and other attractive
customers who are entitled to get points are prizes (cluth/sajadah/tumbler).
customers with an average balance at the end of b. The Barokah Sejahtera Savings Program (TBS)
the month of 1 (one) million rupiah. Meanwhile, Batch 6
those entitled to redeem points are customers who The TBS Batch 6 program is a program that is
have earned 500 points. expected to increase Barokah Savings customers
where customers will be able to receive prizes
PT Bank Pembangunan Daerah Jawa Timur Tbk
206 2023 Annual Report
Page 209
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
directly by depositing their balance within a • Sharia Financing Strategy in 2023
certain period of time. This program is valid from Strategic financing steps which became priority agendas to
September 1, 2022 to March 1, 2023 and will be pursued in the 2023 period, include:
continue to Batch 7 which is valid from March 2 1. Optimizing plans to disburse syndicated financing
to September 2, 2023. This program can also be and other approved financing that have not been
implemented at the Sharia Services Office. realized in 2022.
c. Collaborate with the Hajj Financial Management 2. Acceleration of the process for financing proposals that
Agency (BPKH) in increasing Hajj registration have entered the process at the UUS Bank Jatim Head
As an effort to increase Hajj registrants through Office.
Hajj iB Amanah Savings, Bank Jatim Sharia is 3. Focusing on financing distribution at Sharia Branch
collaborating with BPKH to provide a referral fee Offices based on financing segmentation, namely:
of IDR100 thousand for the Hajj Guidance Group micro segment, retail segment, middle segment,
(KBIH) who bring their congregation to open a Hajj as well as consumer and property segments. The
iB Amanah Savings account as well as registering corporate segment is managed by the Head Office.
the initial Hajj deposit. at Bank Jatim Sharia. 4. Analyst Optimization
The referral mechanism uses a reimbursement a. The gross financing expansion target of each
mechanism to BPKH. analyst in each branch is IDR2 billion for the
d. Collaborating with the Indonesian Waqf Board micro and retail segments, while the consumer
(BWI) and the Indonesian Waqf Movement (GWI) and property segments is IDR3 billion every
in increasing the number of Nazirs and Wakif month.
To increase the collection of funds in the iB b. Giving rewards/incentives is based on the
Barokah Current Account through the iB Barokah achievement of the performance of each analyst.
Waqf service, Bank Jatim Sharia collaborated 5. Collaboration with PT Makmur Bercash Amanda (MBA)
with BWI and GWI to conduct outreach to in making the Sidoarjo Halal Industrial Park (HIPS)
Nazirs in East Java regarding the development program a success, as a program by the East Java
of productive cash waqf. This activity is carried Provincial Government to create a Rising East Java in
out every quarter in several areas with large waqf 2021, which was a potential financing to customers for
potential. purchasing warehouses for investment.
e. Implementation of Virtual Santri Sholawat 6. Approach to Developers
Competition and Adhan Competition a. The target of closing KPR financing was at least 3
Collaborating with the East Java NU Alms House, (three) users per month for each developer who has
Bank Jatim Sharia held a virtual Santri prayer PKS with sharia branches.
competition as well as an adhan competition. b. Collaboration with developer communities such as
The participants came from Islamic boarding Himpera, Apersi, Apernas, REI, and others
schools in the East Java region. This activity 7. Planning to collaborate with the Government to obtain
aims to increase the number of customers and a KUR financing distribution quota and support Bank
the nominal amount of Santri (Student) Savings Jatim’s work program in 2023 as a bank with an MSME-
where competition participants are required to based financing background.
open a Santri (Student) Savings account as an 8. Approach with the UMKM Community
administrative requirement and display Bank a. Cooperation with Muslimat NU throughout East
Jatim Sharia products or services in videos sent Java for the distribution of microfinance.
to the competition committee. The winner will be b. Collaboration with Kopontren throughout East
given coaching money which will be transferred Java in the One Product Islamic Boarding School
to the Santri (Student) Savings account. Program (OPOP).
f. Providing Sponsorship in the East Java NU Alms 9. Optimizing the Distribution of BMT/BPRS Linkage
House Podcast Finance
It is hoped that the collaboration with Rumah Al a. Distribution to local government-owned or private
Sedekah NU East Java in the podcast program BPRS that had high credibility and credibility.
will increase the chances of obtaining Barokah b. Reactivate the distribution of financing to
Deposits because most of the podcast speakers cooperatives, both distribution with Executing
held by Rumah Alms NU East Java come from Patterns and Channeling Patterns.
entrepreneurs in East Java.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 207
Page 210
Sharia Segment Competitive Advantage and Innovation giving rewards to Sharia Service offices having
Competitive advantage was obtained through sharia contracts customers registered for the highest portion of Hajj
that provide choices for the public to transact in sharia and in each semester in 2024.
avoid ribawi transactions. However, innovation needed to be b. The Barokah Sejahtera Savings Program (TBS)
created to maintain the convenience of customers who chose The TBS program is a program that is expected
sharia transactions, including sharia digital innovation. Through to increase Barokah Savings customers where
different products and contracts, sharia products could be they will be able to receive prizes directly by
an alternative for customers in order to increase equitable depositing balance within a certain period of time.
investment with attractive profit sharing through profit sharing The ongoing program is TBS Batch 8 which starts
contracts or murabahah contracts with purchase of precious from October 1, 2023 to March 30, 2024 and will
metals as well as being able to help relieve the customer’s continue to Batch 9.
liquidity burden temporarily through the iB Barokah Gold c. Barokah Madani Festival (BaniFest) 2024
product (gawn gold). It was hoped that with these advantages Program
and innovations, the sharia segment could increase Bank As an effort to increase Hajj iB Amanah Savings,
Jatim’s market share as a whole and was an entry barrier for Bank Jatim Sharia collaborates with the Hajj
other Islamic bank competitors. Financial Management Agency (BPKH) to hold a
joint program related to the Young Hajj campaign.
Sharia Segment Prospect and Strategy for 2024 In addition to the student segment, the Young Hajj
Sharia’s funding strategy is to increase CASA and fee based Savings 2024 can also be intended for the Civil
income using two strategic approaches, namely maintenance Servants and Government Employees with Work
of existing customers and acquisition of new customers which Agreement (PPPK) segmentation.
are described as follows: d. Love Waqf Program
• Sharia Funding Prospect and Strategy for 2024 To increase the fund raising in the iB Barokah
1. Maintenance of Existing Customers Current Account through the iB Barokah Waqf
a. Recall of Dormant/Inactive Customers (Current service, Bank Jatim Sharia collaborated with
Account/Savings/Deposits) the Indonesian Waqf Board (BWI) to socialize to
Activities that must be carried out by funding nazhirs in East Java regarding the development of
officers to communicate again with customers who productive money endowments. These activities
are no longer active in transactions but still have are carried out quartely to several areas with large
balances. This was done as an effort to increase waqf potential.
DPK balances as well as croselling. e. BJS Vaganza 2024 Program
b. Implementation of the 2024 Tebar Barokah Collaborating with Masjid Raya islamic Center
Program and Masjid Al Akbar Surabaya to hold Banjari
This Barokah Spread Program aims to enable Competition, Tahfidz Competition, A call to
customers who hold Barokah Savings accounts prayer Competition and Sharia Financial Literacy
to increase the balance in their accounts. Prizes on Islamic holidays. The winners will be granted
are given through a points redeem system where coaching money which will be transfrred to the
customers who are entitled to get points are Santri Saving account.
customers with an average balance at the end of
the month of 1 (one) million rupiah. Meanwhile, Sharia Financing Business Prospect and Strategy for 2024
those entitled to redeem points are customers who Description of the Business Prospect and Sharia Financing
have earned 500 points. strategy that will be implemented in 2024 are as follows:
c. Regular Gathering with partners and potential 1. Improving the acceleration of the Service level Agreement
customers (SLA) process for financing proposals processed at Branch
Gatherings will be held periodically with Bank Offices and Head Office.
Jatim Sharia partners and customers in order to 2. Focusing on financing distribution to the education/
improve and maintain service to customers so that Islamic boarding school sector, health, MSME businesses,
it will increase the number of customer transactions cooperatives that will become Customer Based in
at Bank Jatim Sharia. mastering the market ecosystem at USS Bank Jatim.
2. Acquisition of New Customers 3. Prticipating to succeed the government’s program in
a. Implementation of Hajj Barokah Program accelerating the construction of 1 million houses by
Giving rewards to the customers who register for contributing to the distribution of subsidized KPR (KPR
the Hajj portion in the form of special prizes and FLPP) financing.
PT Bank Pembangunan Daerah Jawa Timur Tbk
208 2023 Annual Report
Page 211
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
4. Supporting infrastructure development as part of the Sharia Segment Income and Profitability
Government’s National Strategic Program includes
participating in syndicated financing for toll road Operating Income Sharia Segment in 2023 amounted to
construction and other syndicated financing. In addition, IDR230,764 million, an increase of 17.21% compared to the
for this syndicated financing, we can optimize the plan previous year which reached IDR196,878 million. The increase
to disburse the remaining syndicated financing attraction came from the Increase in Interest Income.
facilities and other financing that has been approved.
5. Optimizing KUR Sharia financing disbursement in 2024. Operating Profit Sharia Segment in 2023 reached IDR33,812
6. Proposing margin adjustment according to the prevailing million, a decrease of 12.83% compared to the previous year
rate and can compete in the market. which reached IDR38,791 million. This is influenced by an
7. Diversing financing products by disbursing Cash Collateral increase in labor costs.
Financing (CCF) by 2024.
Table of Sharia Segment Income and Profitability
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Asset 3,620,590 3,071,458 549,132 17.88%
Liability 3,586,345 3,030,788 555,557 18.33%
Operating Income 230,764 196,878 33,887 17.21%
Operating Profit 33,812 38,791 (4,978) (12.83%)
Geographic Segments
Apart from the operating segment, in carrying out its activities, Geographic Segment Revenue and Profitability
Bank Jatim can be viewed from a geographical segment.
Operational income for the East Java geographic segment
Geographic Segment Explanation in 2023 reached IDR4,567,696 million, a decrease of 13.70%
compared to the previous year which reached IDR5,292,622
A geographical segment is engaged in providing services million. Operational profit for the East Java geographic
within a particular economic environment that is subject to risks segment in 2023 reached IDR1,913,098 million, a decrease
and returns that are different from those of segments operating of 2.21% compared to the previous year which reached
in other economic environments. The Bank’s geographical IDR1,956,365 million. This decrease came from a decrease in
segments are East Java and other than East Java. other operating income.
Geographic Productivity Meanwhile, operational income for the Java geographical
segment other than East Java in 2023 reached IDR1,121,825
Information regarding the productivity of the geographical million, an increase of 27.55% compared to the previous
segment of East Java and Java other than East Java has been year which reached IDR879,492 million. Operational loss for
presented in the conventional segment explanation and the Java geographical segment other than East Java in 2023
productivity section. reached IDR58,055 million, a decrease of 273.61% compared
to the previous year which reached IDR15,539 million. This
decrease came from a decrease in operating profit and other
operating income.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 209
Page 212
Table of Revenue and Profitability of Geographic Segments
(in IDR million)
East Java Apart
Description Elimination Total
Java from East Java
2023
Asset 85,572,614 18,809,015 526,855 103,854,774
Liability 73,363,489 18,867,071 526,855 91,703,705
Operating Income 4,567,696 1,121,825 - 5,689,521
Operating Profit 1,913,098 (58,055) - 1,855,043
2022
Asset 81,433,044 22,109,020 510,697 103,031,367
Liability 69,971,644 22,124,559 510,697 91,585,506
Operating Income 5,292,622 879,492 - 6,172,114
Operating Profit 1,956,365 (15,539) - 1,940,826
Growth 2022-2023 (%)
Asset 5.08% (14.93%) 3.16% 0.80%
Liability 4.85% (14.72%) 3.16% 0.13%
Operating Income (13.70%) 27.55% - (7.82%)
Operating Profit (2.21%) 273.61% - (4.42%)
PT Bank Pembangunan Daerah Jawa Timur Tbk
210 2023 Annual Report
Page 213
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Financial
Review
The financial review described below refers to the Financial received an opinion that they present fairly, in all material
Statements for the years ended December 31, 2022 and 2021 respects, the financial position of PT Bank Pembangunan
presented in this Annual Report. The financial statements Daerah Jawa Timur Tbk as of December 31, 2023, as well as
have been audited by the Public Accounting Firm (KAP) Paul financial performance and cash flows on year ended mentioned
Hadiwinata, Hidajat, Arsono, Retno, Palilingan & Rekan and according to Financial Accounting Standards.
Financial Performance
Bank Jatim’s financial performance consisted of the performance of the Statement of Financial Position, Statement of Profit and Loss
and Other Comprehensive Income as well as the Cash Flow Statement as follows.
Financial Position Report
Table of Financial Position Report
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
ASSET
Cash 2,652,775 1,988,262 664,513 33.42%
Current accounts with Bank Indonesia 7,971,412 10,786,740 (2,815,328) (26.10%)
Current accounts with other banks 491,330 303,129 188,201 62.09%
Allowance for impairment losses (1,077) (441) (636) 144.22%
Current accounts with other banks- Net 490,253 302,688 187,565 61.97%
Placements with Bank Indonesia and other banks 5,234,721 6,916,329 (1,681,608) (24.31%)
Allowance for impairment losses (5,026) (3,154) (1,872) 59.35%
Placements with Bank Indonesia and other banks -
5,229,695 6,913,175 (1,683,480) (24.35%)
Net
Spot and derivatives receivables - 361 (361) (100.00%)
Securities 16,323,831 23,217,671 (6,893,840) (29.69%)
Allowance for impairment losses (511) (400) (111) 27.75%
Marketable-Securities - Net 16,323,320 23,217,271 (6,893,951) (29.69%)
Marketable securities sold under repurchase agreement 8,303,663 4,095,066 4,208,597 102.77%
Receivables from Securities purchased under
6,247,318 7,822,847 (1,575,529) (20.14%)
agreements to resell
Other receivables 223,138 286,147 (63,009) (22.02%)
Loans and sharia financing
- Related Parties 184,848 134,871 49,977 37.06%
- Third parties 54,576,055 46,061,786 8,514,269 18.48%
Total Loan 54,760,903 46,196,657 8,564,246 18.54%
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 211
Page 214
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Allowance for impairment losses (1,364,905) (1,318,612) (46,293) 3.51%
Loans- Net 53,395,998 44,878,045 8,517,953 18.98%
Accrued interest income 685,734 646,125 39,609 6.13%
Prepaid expenses 207,452 166,661 40,791 24.48%
Fixed asset
Cost 2,230,878 2,109,260 121,618 5.77%
Accumulated depreciation (953,165) (825,010) (128,155) 15.53%
Book value 1,277,713 1,284,250 (6,537) (0.51%)
Deferred tax assets, Net 472,123 502,238 (30,115) (6.00%)
Tax receivables 777 493 284 57.61%
Other assets, Net 373,402 140,998 232,404 164.83%
TOTAL ASSET 103,854,773 103,031,367 823,406 0.80%
LIABILITIES, TEMPORARY SYIRKAH FUNDS AND EQUITY
LIABILITY
Immediate liabilities 987,604 872,514 115,090 13.19%
Deposits from customers
- Related Parties 12,644,538 15,295,405 (2,650,867) (17.33%)
- Third parties 63,205,317 64,630,285 (1,424,968) (2.20%)
Total Deposits from customers 75,849,855 79,925,690 (4,075,835) (5.10%)
Deposits from other bank
- Related Parties 56,694 141,996 (85,302) (60.07%)
- Third parties 2,503,627 3,168,842 (665,215) (20.99%)
Total Deposits from other bank 2,560,321 3,310,838 (750,517) (22.67%)
Spot dan derivatif liabilities - - - 0.00%
Liabilities of marketable securities sold under repurchase
7,915,163 3,891,346 4,023,817 103.40%
agreement
Borrowings 596,977 631,464 (34,487) (5.46%)
Tax payable 143,245 90,783 52,462 57.79%
Accrued expenses 504,748 520,840 (16,092) (3.09%)
Other liabilities 779,314 472,054 307,260 65.09%
TOTAL LIABILITIES 89,337,227 89,715,529 (378,302) (0.42%)
TEMPORARY SYIRKAH FUNDS
Deposits from customers
- Related Parties 3,764 2,302 1,462 63.51%
- Third parties 2,343,291 1,839,390 503,901 27.40%
Total Deposits from customers 2,347,055 1,841,692 505,363 27.44%
Deposits from other bank
- Related Parties - - - 0.00%
- Third parties 19,422 28,285 (8,863) (31.33%)
PT Bank Pembangunan Daerah Jawa Timur Tbk
212 2023 Annual Report
Page 215
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Total Deposits from other bank 19,422 28,285 (8,863) (31.33%)
TOTAL TEMPORARY SYIRKAH FUNDS 2,366,477 1,869,977 496,500 26.55%
EQUITY
Share capital:
- Series A : IDR250 (full Rupiah) par value per share
- Series B : IDR250 (full Rupiah) par value per share
Authorized:
- Series A: 24.000.000.000 shares
- Series B: 12.000.000.000 shares
Issued and fully paid::
- Series A - 11.934.147.982 shares
- Series B - 3.081.350.100 shares 3,753,875 3,753,875 - 0.00%
Paid-in capital – Net 532,734 532,734 - 0.00%
Revaluation surplus of fixed assets 788,049 789,998 (1,949) (0.25%)
Remeasurement of defined employee benefit liability -
(117,777) (100,912) (16,865) 16.71%
net of deferred tax
Unrealized gain (loss) financial assets measured at
fair value through other comprehensive income – net (63,958) (115,048) 51,090 (44.41%)
deferred tax
Retained earnings
General reserve 5,788,041 5,042,390 745,651 14.79%
Unapproriated 1,470,105 1,542,824 (72,719) (4.71%)
TOTAL EQUITY 12,151,069 11,445,861 705,208 6.16%
TOTAL LIABILITIES, TEMPORARY SYIRKAH FUNDS
103,854,773 103,031,367 823,406 0.80%
AND EQUITY
Graph of Financial Position Report (in IDR million)
103,031,367 103,854,773
89,715,529 89,337,227
12,151,069
11,445,861
1,869,977 2,366,477
ASSET LIABILITY TEMPORARY SYIRKAH FUNDS EQUITY
2022 2023
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 213
Page 216
Asset
For the financial year ending December 31,2023, Bank Jatim’s in assets was influenced by an increase in current accounts
total assets amounted to IDR103,854,773 million, an increase with other banks - net, loans granted - net, securities sold with
of 0.80% from last year’s IDR103,031,367 million. This increase agreements to repurchase (reverse repo) and other assets - net.
Table of Asset
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Cash 2,652,775 1,988,262 664,513 33.42%
Current accounts with Bank Indonesia 7,971,412 10,786,740 (2,815,328) (26.10%)
Current accounts with other banks 491,330 303,129 188,201 62.09%
Allowance for impairment losses (1,077) (441) (636) 144.22%
Current accounts with other banks- Net 490,253 302,688 187,565 61.97%
Placements with Bank Indonesia and other banks 5,234,721 6,916,329 (1,681,608) (24.31%)
Allowance for impairment losses (5,026) (3,154) (1,872) 59.35%
Placements with Bank Indonesia and other banks - Net 5,229,695 6,913,175 (1,683,480) (24.35%)
Spot and derivatives receivables - 361 (361) (100.00%)
Securities 16,323,831 23,217,671 (6,893,840) (29.69%)
Allowance for impairment losses (511) (400) (111) 27,75%
Marketable Securities- Net 16,323,320 23,217,271 (6,893,951) (29.69%)
Marketable securities sold under repurchase agreement 8,303,663 4,095,066 4,208,597 102.77%
Receivables from Securities purchased under agreements
6,247,318 7,822,847 (1,575,529) (20.14%)
to resell
Other receivables 223,138 286,147 (63,009) (22.02%)
Loans and sharia financing
- Related Parties 184,848 134,871 49,977 37.06%
- Third parties 54,576,055 46,061,786 8,514,269 18.48%
Total Loan 54,760,903 46,196,657 8,564,246 18.54%
Allowance for impairment losses (1,364,905) (1,318,612) (46,293) 3.51%
Loans- Net 53,395,998 44,878,045 8,517,953 18.98%
Accrued interest income 685,734 646,125 39,609 6.13%
Prepaid expenses 207,452 166,661 40,791 24.48%
Fixed asset
Cost 2,230,878 2,109,260 121,618 5.77%
Accumulated depreciation (953,165) (825,010) (128,155) 15.53%
Book value Net 1,277,713 1,284,250 (6,537) (0.51%)
Deferred tax assets, Net 472,123 502,238 (30,115) (6.00%)
Tax receivables 777 493 284 57.61%
Other assets, Net 373,402 140,998 232,404 164.83%
TOTAL ASSET 103,854,773 103,031,367 823,406 0.80%
PT Bank Pembangunan Daerah Jawa Timur Tbk
214 2023 Annual Report
Page 217
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Cash
Cash recorded in 2023 reached IDR2,652,775 million, an increase of 33.42% compared to the previous year which reached
IDR1,988,262 million. This increase came from the amount of cash denominated in rupiah which increased significantly and the
amount of cash denominated in foreign currency also increased.
Table of Cash
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Indonesian Rupiah 2,593,983 1,946,513 647,470 33.26%
Foreign Country 58,792 41,749 17,043 40.82%
Total Cash 2,652,775 1,988,262 664,513 33.42%
Current accounts with Bank Indonesia
Current accounts with Bank Indonesia in 2023 reached IDR7,971,412 million, a decrease of 26.10% compared to the previous
year which reached IDR10,786,740 million. This decrease comes from the number of current accounts with Bank Indonesia in the
Indonesia Rupiah sector experiencing a large decline.
Table of Current accounts with Bank Indonesia
(in IDR million)
Growth
Uraian 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Indonesia Rupiah 7,940,618 10,774,286 (2,833,668) (26.30%)
US Dollar 30,794 12,454 18,340 147.26%
Total Current accounts with Bank Indonesia 7,971,412 10,786,740 (2,815,328) (26.10%)
Current Accounts with Other Banks - Net
Current accounts with other banks in 2023 reach IDR490,253 million, an increase of 61.97% compared to the previous year which
reached IDR302,688 million. The increase came from an increase in the number of current accounts with other banks and an increase
in foreign currency current accounts with other banks.
Table of Current Accounts with Other Banks - Net
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Indonesia Rupiah 336,488 190,457 146,031 76.67%
Foreign Country 154,842 112,672 42,170 37.43%
Total 491,330 303,129 188,201 62.09%
Allowance for impairment losses (1,077) (441) (636) 144.22%
Net 490,253 302,688 187,565 61.97%
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 215
Page 218
Placements With Bank Indonesia and Other Banks - Net
Placements with Bank Indonesia and other banks in 2023 reach IDR5,229,695 million, a decrease of 24.35% compared to the
previous year which reached IDR6,913,175 million. This decrease was caused by a decrease in placements with both Bank Indonesia
and other banks in the interbank call money type.
Table of Placements with Bank Indonesia and Other Banks - Net
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Rupiah: IDR
Time deposit: 1,500 7,000 (5,500) (78.57%)
Interbank call money: 4,083,367 4,165,000 (81,633) (1.96%)
Bank Indonesia Deposit Facility (FASBI) Term Deposit
1,149,854 2,744,329 (1,594,475) (58.10%)
Less: Unamortized discount
Total 5,234,721 6,916,329 (1,681,608) (24.31%)
Allowance for impairment losses (5,026) (3,154) (1,872) 59.35%
Net 5,229,695 6,913,175 (1,683,480) (24.35%)
Marketable Securities - Net
Marketable Securities owned by Bank Jatim in 2023 reached IDR16,323,320 million, a decrease of 29.69% compared to the previous
year which reached IDR23,217,271 million. This decrease was due to purchases of 1-5 year securities which decreased from the
previous year.
Table of Marketable Securities Based on Term and Interest Rate
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Less than 1 year 11,668,277 986,769 10,681,508 1,082.47%
1 - 5 year 4,655,554 22,230,902 (17,575,348) (79.06%)
Less: Allowance for impairment losses (511) (400) (111) 27.75%
Total Marketable Securities 16,323,320 23,217,271 (6,893,951) (29.69%)
Marketable Securities Sold With A Repurchase Agreement (Reverse Repo)
Marketable securities sold with a repurchased agreement (reverse repo) based on the net value owned by Bank Jatim in 2023
amounted to IDR6,247,318 million, a decrease of 20.14% compared to the previous year which reached IDR7,822,847 million. This
decline was caused by a lack of repurchase of securities.
PT Bank Pembangunan Daerah Jawa Timur Tbk
216 2023 Annual Report
Page 219
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Table of Marketable Securities Sold with a Repurchase Agreement (Reverse Repo) Based on Net Value
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Government Bonds
FR0088 - 42,540 (42,540) (100.00%)
FR0065 - 116,204 (116,204) (100.00%)
VR0078 - 286,561 (286,561) (100.00%)
VR0037 - 139,793 (139,793) (100.00%)
FR0096 - 28,674 (28,674) (100.00%)
VR0053 - 116,820 (116,820) (100.00%)
VR0037 - 931,787 (931,787) (100.00%)
VR0046 - 192,171 (192,171) (100.00%)
VR0050 - 1,004,871 (1,004,871) (100.00%)
VR0062 - 906,872 (906,872) (100.00%)
VR0075 - 234,413 (234,413) (100.00%)
VR0045 - 924,708 (924,708) (100.00%)
VR0034 - 382,733 (382,733) (100.00%)
VR0036 - 574,107 (574,107) (100.00%)
VR0065 - 370,747 (370,747) (100.00%)
FR0091 418,067 - 418,067 0.00%
FR0084 347,529 99,964 247,565 247.65%
FR0068 108,098 - 108,098 0.00%
VR0068 24,823 381,593 (356,770) (93.49%)
VR0073 71,732 - 71,732 0.00%
VR0070 25,358 - 25,358 0.00%
VR0083 49,706 - 49,706 0.00%
VR0063 380,789 - 380,789 0.00%
VR0044 290,042 189,961 100,080 52.68%
VR0045 48,340 - 48,340 0.00%
VR0093 48,295 - 48,295 0.00%
VR0072 75,325 46,900 28,425 60.61%
FR0059 584,743 - 584,743 0.00%
FR0082 483,626 - 483,626 0.00%
FR0087 946,562 368,983 577,579 156.53%
FR0076 592,686 - 592,686 0.00%
FR0080 495,055 - 495,055 0.00%
FR0083 201,649 192,726 8,924 4.63%
FR0085 200,538 - 200,538 0.00%
FR0098 194,769 - 194,769 0.00%
FR0081 286,191 149,068 137,122 91.99%
FR0090 185,319 - 185,319 0.00%
VR0077 188,074 140,651 47,423 33.72%
Total 6,247,318 7,822,847 (1,575,529) (20.14%)
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 217
Page 220
Other Receivables
Other bills in 2023 will reach IDR223,138 million, a decrease of 22.02% compared to the previous year which reached IDR286,147
million. This decrease was caused by a decrease in transfer and ATM bills.
Table of Other Receivables
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Transfer receivables and ATM 122,780 194,150 (71,370) (36.76%)
Other 100,358 91,997 8,361 9.09%
Total Other receivables - Net 223,138 286,147 (63,009) (22.02%)
Loans- Net
Loans in 2023 reached IDR53,395,998 million, an increase of 18.98% compared to the previous year which reached ID 44,878,045
million. This increase was dominated by an increase in third party credit.
Table of Loans- Net
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Loans
Related Parties (notes 40) 184,848 134,871 49,977 37.06%
Third parties 54,576,055 46,061,786 8,514,269 18.48%
Total Loan 54,760,903 46,196,657 8,564,246 18.54%
Allowance for impairment losses (1,364,905) (1,318,612) (46,293) 3.51%
Loans- Net 53,395,998 44,878,045 8,517,953 18.98%
Accrued Interest Income
The interest income that will still be received in 2023 will reach IDR 685,734 million, an increase of 6.13% compared to the previous year
which reached IDR 646,125 million. The increase comes from interest income that will still be received from loans provided in other sectors.
Table of Accrued Interest Income
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Indonesia Rupiah:
Loans 377,219 340,021 37,198 10.94%
Others 308,346 306,091 2,255 0.74%
PT Bank Pembangunan Daerah Jawa Timur Tbk
218 2023 Annual Report
Page 221
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Foreign currency:
US Dollar 169 13 156 1,200.00%
Total Accrued interest income 685,734 646,125 39,609 6.13%
Prepaid Expenses
Prepaid expenses in 2023 reached IDR207,452 million, an increase of 24.48% compared to the previous year which reached
IDR166,661 million. This increase came from mutual aid pension insurance, other insurance, prepaid rent and others.
Table of Prepaid Expenses
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Mutual aid pension insurance 97,840 88,765 9,075 10.22%
Prepaid rent 50,048 37,924 12,124 31.97%
Other insurance 22,372 6,216 16,156 259.91%
Other 37,192 33,756 3,436 10.18%
Total Prepaid expenses 207,452 166,661 40,791 24.48%
Fixed Asset
Fixed assets in 2023 reached IDR1,277,713 million, a decrease of 0.51% compared to the previous year which reached IDR1,284,250
million. The largest decrease came from cquisition cost of land.
Table of Fixed Asset
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Cost
Land 943,060 945,010 (1,950) (0.21%)
Buildings 203,722 203,402 320 0.16%
Office equipment 736,757 678,419 58,338 8.60%
Motor vehicle 51,710 50,516 1,194 2.36%
1,935,249 1,877,347 57,902 3.08%
Construction in progress 796 681 115 16.89%
Right of use assets 294,833 231,232 63,601 27.51%
Total Cost 2,230,878 2,109,260 121,618 5.77%
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 219
Page 222
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Accumulated depreciation
Buildings 125,475 116,296 9,179 7.89%
Office equipment 642,566 574,638 67,928 11.82%
Motor vehicle 19,490 24,616 (5,126) (20.82%)
Right of use assets 165,634 109,460 56,174 51.32%
Total Accumulated depreciation 953,165 825,010 128,155 15.53%
Book value Net 1,277,713 1,284,250 (6,537) (0.51%)
Deferred Tax Assets
Deferred tax assets in 2023 reached IDR472,123 million, a decrease of 6.00% compared to the previous year which reached
IDR502,238 million. The average decreased came from Provision for employee bonuses, Allowance for loss of earnings assets, other
reserves, and Unrealized gain on financial assets at fair value through other comprehensive income.
Table of Deferred Tax Assets
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Provision for employee bonuses 69,830 73,284 (3,454) (4.71%)
Allowance for loss of earnings assets 328,215 340,736 (12,521) (3.67%)
Unrealized gain on financial assets at fair value through
15,002 26,986 (11,984) (44.41%)
other comprehensive income
Other reserves 7,758 13,381 (5,623) (42.02%)
Lease (995) (1,014) 19 (1.78%)
Provision for employee benefits 52,313 48,865 3,448 7.06%
Deferred tax assets 472,123 502,238 (30,115) (6.00%)
Other Assets - Net
Other assets in 2023 reached IDR373,402 million, an increase of 164.83% compared to the previous year which reached IDR140,998
million. The increase came from an increase in deferred expenses, inventories of office stationery and printed supplies and other
assets, net.
Table of Other Assets - Net
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Deferred expenses 126,337 110,112 16,225 14.73%
Office stationery and printed supplies 22,263 19,812 2,451 12.37%
PT Bank Pembangunan Daerah Jawa Timur Tbk
220 2023 Annual Report
Page 223
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Overpaid tax assessment letter - - - 0.00%
Other, Net 283,458 54,486 228,972 420.24%
Allowance for impairment in net realizable value (58,656) (43,412) (15,244) 35.11%
Total Other assets - Net 373,402 140,998 232,404 164.83%
Liability
Liabilities in 2023 reached IDR89,337,227 million, a decrease of 0.42% compared to the previous year which reached IDR89,715,529.
The decrease came from deposits from customers and deposits from other banks.
Table of Liability
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Immediate liabilities 987,604 872,514 115,090 13.19%
Deposits from customers
Related Parties 12,644,538 15,295,405 (2,650,867) (17.33%)
Third parties 63,205,317 64,630,285 (1,424,968) (2.20%)
Total Deposits from customers 75,849,855 79,925,690 (4,075,835) (5.10%)
Deposits from other bank
Related Parties 56,694 141,996 (85,302) (60.07%)
Third parties 2,503,627 3,168,842 (665,215) (20.99%)
Total Deposits from other bank 2,560,321 3,310,838 (750,517) (22.67%)
Spot dan derivatif liabilities - - - 0.00%
Liabilities of marketable securities sold under repurchase 3,891,346 4,023,817 103.40%
7,915,163
agreement
Borrowings 596,977 631,464 (34,487) (5.46%)
Tax payable 143,245 90,783 52,462 57.79%
Accrued expenses 504,748 520,840 (16,092) (3.09%)
Other liabilities 779,314 472,054 307,260 65.09%
TOTAL LIABILITIES 89,337,227 89,715,529 (378,302) (0.42%)
Immediate Liabilities
Immediate liabilities in 2023 reached IDR987,604 million, an increase of 13.19% compared to the previous year which reached
IDR872,514 million. The average increase comes from acceptance pending settlement, ATM Bersama and others.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 221
Page 224
Table of Immediate Liabilities
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Transfer, cheques pending collection, and clearing 308,136 319,871 (11,735) (3.67%)
Acceptance pending settement 150,838 122,431 28,407 23.20%
Amount involving expenses payable 73,803 91,760 (17,957) (19.57%)
ATM Bersama 21,013 12,779 8,234 64.43%
Others 433,814 325,673 108,141 33.21%
Immediate liabilities 987,604 872,514 115,090 13.19%
Deposits From Customers
Deposits from customers in 2023 reached IDR75,849,855 million, a decrease of 5.10% compared to the previous year which reached
IDR79,925,690 million. The decrease came from deposits from related party customers and deposits from third party customers.
Table of Deposits from Customers
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Related Parties 12,644,538 15,295,405 (2,650,867) (17.33%)
Third parties 63,205,317 64,630,285 (1,424,968) (2.20%)
Total Deposits from customers 75,849,855 79,925,690 (4,075,835) (5.10%)
Deposits From Other Bank
Deposits from other banks in 2023 reached IDR2,560,321 million, a decrease of 22.67% compared to the previous year which
reached IDR3,310,838 million. The decrease came from Deposits from other banks, third parties and related parties.
Table of Deposits from Other Bank
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Related Parties 56,694 141,996 (85,302) (60.07%)
Third parties 2,503,627 3,168,842 (665,215) (20.99%)
Total Deposits from other bank 2,560,321 3,310,838 (750,517) (22.67%)
Borrowings
Borrowings in 2023 reached IDR596,977 million, a decrease of 5.46% compared to the previous year which reached IDR631,464 million.
This decrease came from a decrease in loans received from the Revolving Fund Management Agency for Cooperatives, Micro, Small and
Medium Enterprises (LPDB-KUMKM), the Government of East Java Province (related parties) and PT Sarana Multigriya Financial.
PT Bank Pembangunan Daerah Jawa Timur Tbk
222 2023 Annual Report
Page 225
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Table of Borrowings
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Ministry of Public Works and Housing (PUPR) of the
490,810 481,532 9,278 1.93%
Republic of Indonesia
Revolving Fund Management Agency for Cooperatives,
39,253 76,698 (37,445) (48.82%)
Micro, Small and Medium Enterprises (LPDB-KUMKM)
PT Sarana Multigriya Financial 66,821 71,867 (5,046) (7.02%)
Government of East Java Province (Related parties) 93 1,367 (1,274) (93.20%)
Total Borrowings 596,977 631,464 (34,487) (5.46%)
Tax Payable
Tax payable in 2023 reached IDR143,245 million, an increase of 57.79% compared to the previous year which reached IDR90,783
million. The increase came from income tax article 21, income tax article 25, income tax article 29 (note 22f) and income tax article
23/4 (2).
Table of Tax Payable
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Corporate Income Tax article 25 59,450 43,577 15,873 36.43%
Corporate Income Tax 21 48,108 30,453 17,655 57.97%
Corporate Income Tax 23/4 (2) 14,321 10,489 3,832 36.53%
Corporate Income Tax 29 (Note 22f) 20,951 5,803 15,148 261.04%
Others 415 461 (46) (9.98%)
Tax payable 143,245 90,783 52,462 57.79%
Accrued Expenses
Expenses still to be paid in 2023 reached IDR504,748 million, a decrease of 3.09% compared to the previous year which reached
IDR520,840 million. The decrease came from provision for employee bonuses.
Table of Accrued Expenses
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Employee bonuses 367,526 385,706 (18,180) (4.71%)
Interest 137,222 135,134 2,088 1.55%
Total Accrued expenses 504,748 520,840 (16,092) (3.09%)
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 223
Page 226
Other Liabilities
Other liabilities in 2023 reached IDR779,314 million, an increase of 65.09% compared to the previous year which reached IDR472,054
million. The average increase came from Provision of employee benefit, lease liabilities, principal – channeling loans received,
provision and credit administrition and others.
Table of Other Liabilities Based on Rupiah Equivalents
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
INDONESIA RUPIAH
Provision of employee benefit 275,328 257,184 18,144 7.05%
Security deposits 119,135 132,236 (13,101) (9.91%)
Lease liabilities 29,538 23,322 6,216 26.65%
Principal – channeling loans received 8,303 7,683 620 8.07%
Interest – channeling loans received 3,582 3,592 (10) (0.28%)
Provision and credit administrition 15 - 15 0.00%
Estimated losses on commitments and contingencies 3,450 3,020 430 14.24%
Other 2,173 1,390 783 56.33%
441,524 428,427 13,097 3.06%
FOREIGN CURRENCY
Other
US Dollar 274,271 39,325 234,946 597.45%
Singapore Dollar 62,209 3,538 58,671 1,658.31%
Hong Kong Dollar - 20 (20) (100.00%)
Japan Yen 1,310 - 1,310 0.00%
Euro - 744 (744) (100.00%)
Total Other liabilities 337,790 43,627 294,163 674.27%
Total 779,314 472,054 307,260 65.09%
Temporary Syirkah Funds
Temporary syirkah funds in 2023 reached IDR2,366,477 million, an increase of 26.55% compared to the previous year which reached
IDR1,869,977. The increase came from deposits from related party customers and third parties.
Table of Temporary Syirkah Fund
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Deposits from customer
Related parties 3,764 2,302 1,462 63.51%
Third parties 2,343,291 1,839,390 503,901 27.40%
Total deposits from customers 2,347,055 1,841,692 505,363 27.44%
PT Bank Pembangunan Daerah Jawa Timur Tbk
224 2023 Annual Report
Page 227
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Deposits from othr banks
Related parties - - - 0.00%
Third parties 19,422 28,285 (8,863) (31.33%)
Total deposits from other bank 19,422 28,285 (8,863) (31.33%)
Total Temporary Syirkah Fund 2,366,477 1,869,977 496,500 26.55%
Equity
Equity in 2023 reached IDR12,151,069 million, an increase of 6.16% compared to the previous year which reached IDR11,445,861
million. The increase comes from general reserves.
Table of Equity
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Share capital
Series A: IDR250 (full Rupiah) – (par value per share
Series B: IDR250 (full Rupiah) – (par value per share
Authorized:
Series A: 24.000.000.000 shares
Series B: 12.000.00.000 shares
Issued and fully paid:
Series A - 11.934.147.982 shares
Series B - 3.081.350.100 shares 3,753,875 3,753,875 - 0.00%
Other Paid-In Capital 532,734 532,734 - 0.00%
Revaluation surplus of fixed assets 788,049 789,998 (1,949) (0.25%)
Remeasurement of defined employee benefit liability –
(117,777) (100,912) (16,865) 16.71%
net of deferred tax
Unrealized gain (loss) financial assets measured at fair
(63,958) (115,048) 51,090 (44.41%)
value through other comprehensive income
Retained earnings
General reserve 5,788,041 5,042,390 745,651 14.79%
Unappropriated 1,470,105 1,542,824 (72,719) (4.71%)
Total Equity 12,151,069 11,445,861 705,208 6.16%
Share Capital
Share capital in 2023 reached IDR3,753,875 million, stable at 0% compared to the previous year which reached IDR3,753,875 million.
Theres is no changes, because it comes from series B shares.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 225
Page 228
Additional Paid in Capital - Net
Additional paid-in capital in 2023 reached IDR532,734 million, stable at 0.00% compared to the previous year which reached
IDR532,734 million. There are no changes due to stock options for the Management and Employee Stock Option Plan (MESOP)
program.
Table of Additional Paid in Capital - Net
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Share premium from the Initial Public Offering (IPO) 509,369 509,369 - 0.00%
Stock option for the Management and Employee Stock
23,365 23,365 - 0.00%
Option Plan (MESOP)
Total 532,734 532,734 - 0.00%
Revaluation Surplus of Fixed Assets Unrealized Gain (Loss) Financial Assets Measured at
Fair Value Through Other Comprehensive Income
The revaluation surplus of fixed assets in 2023 reached
IDR788,049 million, a decrease of 0.25% compared to the Unrealized loss on financial assets measured at fair value
previous year which reached IDR789,998 million. This decrease through other comprehensive income – net of deferred tax
came from the revaluation of fixed assets. in 2023 reached IDR63,958 million, a decrease of 44.41%
compared to the previous year which reached IDR115,048
Remeasurement of Defined Employee Benefit million.
Liability – Net of Deffered Tax
Retained Earnings
Remeasurement of defined employee benefit liability – net of
deferred tax in 2023 reached IDR117,777 million, an increase Retained earnings in 2023 reached IDR1,470,105 million,
of 16.71% compared to the previous year which reached a decrease of 4.71% compared to the previous year which
IDR100,912 million. reached IDR1,542,824 million. The increase came from loan
interest income and unappropriated.
Table of Retained Earnings
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Unappropriated 1.470.105 1.542.824 (72.719) (4,71%)
Retained Earnings 1.470.105 1.542.824 (72.719) (4,71%)
PT Bank Pembangunan Daerah Jawa Timur Tbk
226 2023 Annual Report
Page 229
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Statement of Profit and Loss and Other Comprehensive Income
Table of Statement of Profit and Loss and Other Comprehensive Income
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Interest and Sharia Income 7,357,284 6,882,651 474,633 6.90%
Interest and Sharia Expenses (2,316,184) (1,965,595) (350,589) 17.84%
INTEREST AND SHARIA INCOME, NET 5,041,100 4,917,056 124,044 2.52%
OTHER OPERATIONAL INCOME
Reversal for impairment losses on financial assets - - - 0.00%
Current, savings and time deposit administration 193,996 184,480 9,516 5.16%
Receipt of white-off loans 127,264 56,653 70,611 124.64%
Loan administration 30,880 42,511 (11,631) (27.36%)
Fees and commission other than loan given 22,093 11,105 10,988 98.95%
Other 274,187 238,820 35,367 14.81%
TOTAL OTHER OPERATIONAL INCOME 648,420 533,569 114,851 21.53%
OTHER OPERATIONAL EXPENSES
Labor and employee benefits (1,762,643) (1,674,698) (87,945) 5.25%
General and administration (1,182,987) (1,229,388) 46,401 (3.77%)
Allowance for impairment losses on financial assets (694,136) (404,659) (289,477) 71.54%
Other expenses (194,713) (201,054) 6,341 (3.15%)
TOTAL OTHER OPERATIONAL EXPENSES (3,834,479) (3,509,799) (324,680) 9.25%
OPERATIONAL INCOME 1,855,041 1,940,826 (85,785) (4.42%)
NON- OPERATIONAL REVENUE (EXPENSE)
Tax service fee 6,444 6,084 360 5.92%
Gain on sale of fixed assets 5,608 5,274 334 6.33%
Gain on sale of securities net 8,698 2,757 5,941 215.49%
Gain (loss) on foreign exchange 2,390 - 2,390 0.00%
Others non-operating income 33,901 158,513 (124,612) (78.61%)
Non-operating expenses (19,339) (83,405) 64,066 (76.81%)
TOTAL NON-OPERATING INCOME (EXPENSES) 37,702 89,223 (51,521) (57.74%)
INCOME BEFORE TAX EXPENSE 1,892,743 2,030,049 (137,306) (6.76%)
TAX EXPENSES - NET (422,638) (487,225) 64,587 (13.26%)
INCOME FOR THE YEAR 1,470,105 1,542,824 (72,719) (4.71%)
OTHER COMPREHENSIVE INCOME
Items that will not be reclassified to profit or loss:
subsequently to profit or loss:
Revaluation surplus (deficit) of fixed assets (1,949) 40,281 (42,230) (104.84%)
Remeasurement of employee benefit liability (21,898) 100,163 (122,061) (121.86%)
Beginning balance adjustment - (19,678) 19,678 (100.00%)
Related income taxes 5,033 (17,586) 22,619 (128.62%)
(18,814) 103,180 (121,994) (118.23%)
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 227
Page 230
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Items that will be classified subsequently to profit or loss:
Unrealized gain (loss) on financial assets measured at fair
63,074 (400,611) 463,685 (115.74%)
value through other comprehensice income
Beginning balance adjustment - (3,730) 3,730 (100.00%)
Related income taxes (11,984) 76,116 (88,100) (115.74%)
51,090 (328,225) 379,315 (115.57%)
OTHER COMPREHENSIVE INCOME – NET OF TAX 32,276 (225,045) 257,321 (114.34%)
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 1,502,381 1,317,779 184,602 14.01%
BASIC EARNINGS PER SHARE (IN FULL AMOUNT) 97.91 102.75 (4.84) (4.71%)
Graph of Profit and Loss and Other Comprehensive Income Report (in IDR million)
5,041,100
4,917,056
3,834,479
3,509,799
1,940,826 1,855,041
1,542,824 1,470,105
648,420
533,569
Interest and Other and Oprational Oprational Income
Sharia Income, Net Oprational Income Expenses Income for the Year
2022 2023
Interest and Sharia Income
In 2023, Bank Jatim’s net interest and sharia income was parties, namely placements with Bank Indonesia and other
recorded at IDR7,357,284 million, an increase of 6.90% from banks, margin securities and profit sharing income and Bank
last year’s with IDR6,882,651 million. This increase was mainly Indonesia certificate.
influenced by the increase in related income, income from third
Table of Interest and Sharia Income
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Related parties (note 40)
Loans 13,961 7,926 6,035 76.14%
Margin and revenue sharing 7 126 (119) (94.44%)
Third parties
Loans 4,837,915 4,261,412 576,503 13.53%
Placement with Bank Indonesia and other banks 1,806,519 932,818 873,701 93.66%
PT Bank Pembangunan Daerah Jawa Timur Tbk
228 2023 Annual Report
Page 231
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Securities
Amortized cost 423,992 1,392,992 (969,000) (69.56%)
Margin and revenue sharing 157,455 135,829 21,626 15.92%
Provision 90,157 110,971 (20,814) (18.76%)
Bank Indonesia Certificate 23,226 17,442 5,784 33.16%
Others 4,052 23,135 (19,083) (82.49%)
Total Interest Income and Sharia 7,357,284 6,882,651 474,633 6.90%
Interest and Sharia Expenses
Interest and sharia expenses in 2023 reached IDR2,316,184 million, an increase of 17.84% compared to the previous year which
reached IDR1,965,595 million. The increase came from time deposits, savings, repo, and deposits from other banks.
Table of interest and sharia expenses
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Time deposit 1,669,282 1,432,248 237,034 16.55%
Saving 280,153 264,782 15,371 5.81%
Current account 200,924 221,779 (20,855) (9.40%)
Repo 117,839 30,291 87,548 289.02%
Borrowings 8,543 10,357 (1,814) (17.51%)
Mudharabah profit-sharing expense - - - 0.00%
Loan interest expense 763 1,549 (786) (50.74%)
Deposits from other bank 38,680 4,589 34,091 742.89%
Premium on other insurance - - - 0.00%
Premium on marketable securities - - - 0.00%
Total Interest and Sharia Expenses 2,316,184 1,965,595 350,589 17.84%
Interest and Sharia Income - Net
Net interest and sharia income in 2023 will reach IDR5,041,100 million, an increase of 2.52% compared to the previous year which
reached IDR4,917,056 million. This increase was mainly influenced by an increase in sharia interest income.
Table of Interest and Sharia Income - Net
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Interest and sharia income 7,357,284 6,882,651 474,633 6.90%
Interest and sharia expenses (2,316,184) (1,965,595) (350,589) 17.84%
Interest and sharia income - Net 5,041,100 4,917,056 124,044 2.52%
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 229
Page 232
Other Operational Income
Other operating income in 2023 reached IDR648,420 million, an increase of 21.53% compared to the previous year which reached
IDR533,569 million. This increase was due to several influencing factors, namely current accounts, savings, and time deposit
administration, receipt of white-off loans, fees and commission other than loan given and others.
Table of Other Operational Income
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Reversal for impairment losses on financial assets - - - 0.00%
Current, savings and time deposit administration 193,996 184,480 9,516 5.16%
Receipt of white-off loans 127,264 56,653 70,611 124.64%
Loan administration 30,880 42,511 (11,631) (27.36%)
Fees and commission other than loan given 22,093 11,105 10,988 98.95%
Others 274,187 238,820 35,367 14.81%
Total Other Operational Income 648,420 533,569 114,851 21.53%
Operating Expenses
Operational expenses in 2023 reached IDR3,834,479 million, an increase of 9.25% compared to the previous year which reached
IDR3,509,799 million. This increase was mainly due to an increase in the allowance for impairment losses on financial assets, and
labor and employee benefits.
Table of Operating Expenses
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Labor and employee benefits (1,762,643) (1,674,698) (87,945) 5.25%
General and adminitration (1,182,987) (1,229,388) 46,401 (3.77%)
Allowance for impairment losses on financial assets (694,136) (404,659) (289,477) 71.54%
Other expenses (194,713) (201,054) 6,341 (3.15%)
Total Operating Expenses (3,834,479) (3,509,799) (324,680) 9.25%
Operational Income
Operational income in 2023 reached Rp1,855,041 million, a decrease of 4.42% compared to the previous year which reached
IDR1,940,826 million. This is influenced by the increase in operational expenses.
Table of Operational Income
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Interest and sharia income - Net 5,041,100 4,917,056 124,044 2.52%
Total other operational income 648,420 533,569 114,851 21.53%
Total operating expenses (3,834,479) (3,509,799) (324,680) 9.25%
Laba operasional 1,855,041 1,940,826 (85,785) (4.42%)
PT Bank Pembangunan Daerah Jawa Timur Tbk
230 2023 Annual Report
Page 233
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Non-Operational Revenue (Expense)
Operational income (expenses) in 2023 reached IDR37,702 million, a decrease of 57.74% compared to the previous year which
reached IDR89,223 million. This decrease was caused by a decrease in other non-operational income.
Table of Non-Operational Revenue (Expense)
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Tax service fee 6,444 6,084 360 5.92%
Gain on sale of fixed assets 5,608 5,274 334 6.33%
Gain on sale of securties net 8,698 2,757 5,941 215.49%
Gain (loss) on foreign exchange 2,390 - 2,390 0.00%
Other non-operational income 33,901 158,513 (124,612) (78.61%)
Non-operational expenses (19,339) (83,405) 64,066 (76.81%)
Total non-operational revenue (expense) 37,702 89,223 (51,521) (57.74%)
Income Before Tax Expense
Income before tax expense in 2023 reached IDR1,892,743 million, a decrease of 6.76% compared to the previous year which reached
IDR2,030,049 million. This decrease was caused by a decrease in operating income.
Table of Income Before Tax Expense
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Operational income 1,855,041 1,940,826 (85,785) (4.42%)
Total non-operational income – net 37,702 89,223 (51,521) (57.74%)
Total income before tax expense 1,892,743 2,030,049 (137,306) (6.76%)
Tax Expense – Net
The Tax expense - net in 2023 reached IDR422,638 million, a decrease of 13.26% compared to the previous year which reached
IDR487,225 million. The decrease in tax expense - net was influenced by decrease income.
Table of Tax Expense - Net
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Tax expense - Net (422,638) (487,225) 64,587 (13.26%)
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 231
Page 234
Income of the Year
Income of the year in 2023 reached IDR1,470,105 million, a decrease of 4.71% compared to the previous year which reached
IDR1,542,824 million. This decrease was caused by a decrease in income before tax expense.
Table of Income of the Year
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Income before tax expense 1,892,743 2,030,049 (137,306) (6.76%)
Tax expense - Net (422,638) (487,225) 64,587 (13.26%)
Total income for the year 1,470,105 1,542,824 (72,719) (4.71%)
Other Comprehensive Income Net After Tax
Other comprehensive income in 2023 reached IDR32,276 million, an increase of 114.34% compared to the previous year which
reached IDR225,045 million. This increase came from unrealized gains (losses) on financial assets measured at fair value through
other comprehensive income.
Table of Other Comprehensive Income Net After Tax
(in IDR million)
Growth
Uraian 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Items that will not be reclassified to profit or loss:
Fixed assets revaluation surplus (1,949) 40,281 (42,230) (104.84%)
Remeasurement of defined benefit plans (21,898) 100,163 (122,061) (121.86%)
Beginning balance adjustment - (19,678) 19,678 (100.00%)
Related income taxes 5,033 (17,586) 22,619 (128.62%)
(18,814) 103,180 (121,994) (118.23%)
Item that will be reclassified to profit or loss:
Unrealized gain (loss) on financial asset measured at
63,074 (400,611) 463,685 (115.74%)
fair value through other comprehensive income
Beginning balance adjustment - (3,730) 3,730 (100.00%)
Related income taxes (11,984) 76,116 (88,100) (115.74%)
51,090 (328,225) 379,315 (115.57%)
OTHER COMPREHENSIVE INCOME NET AFTER TAX 32,276 (225,045) 257,321 (114.34%)
Comprehensive Income of the Year
Comprehensive income of the year in 2023 reached IDR1,502,381 million, an increase of 14.01% compared to the previous year
which reached IDR1,317,779 million. This increase was triggered by an increase in other comprehensive income.
PT Bank Pembangunan Daerah Jawa Timur Tbk
232 2023 Annual Report
Page 235
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Table of Comprehensive Income of the Year
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Income for the year 1,470,105 1,542,824 (72,719) (4.71%)
Other comprehensive income net after tax 32,276 (225,045) 257,321 (114.34%)
Comprehensive income of the year 1,502,381 1,317,779 184,602 14.01%
Basic Earnings Per Share
Basic earnings per share in 2023 reach basic earnings per share of IDR97.91, a decrease of 4.71% compared to the previous year
which reached basic earnings per share of IDR102.75. This decrease was triggered by a decrease in profits for calculating basic
earnings per share.
Table of Basic Earnings Per Share
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Earnings for the calculation of basic earnings per share
1,470,105 1,542,824 (72,719) (4.71%)
(in IDR million)
Number of weighted average share oustanding 15,015,498,082 15,015,498,082 - 0.00%
Basic earning per share (in full IDR) 97.91 102.75 (4.84) (4.71%)
Cash Flow Report
Table of cash flow report
(in IDR million)
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
CASH FLOWS FROM OPERATING ACTIVITIES
Receipt of interest, sharia, fees, and commissions 7,324,150 7,030,426 293,724 4.18%
Payment of interest, sharia, fees, and commissions (2,310,264) (1,931,344) (378,920) 19.62%
Receipt of other operational income 521,156 476,364 44,792 9.40%
Collection of loans-written off 127,264 56,653 70,611 124.64%
Receipt from non-operating income 60,386 172,136 (111,750) (64.92%)
Payment for non-operating income (19,337) (82,913) 63,576 (76.68%)
Payment for salaries and employee benefits (1,763,167) (1,659,597) (103,570) 6.24%
Payment of general and administrative expenses (1,283,327) (1,296,665) 13,338 (1.03%)
Payment of taxes (368,455) (389,372) 20,917 (5.37%)
Cash flow from operating activities before changes in
2,288,406 2,375,688 (87,282) (3.67%)
operating assets and liabilities
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 233
Page 236
Growth
Description 2023 2022
IDR %
(1) (2) (3) (4) = (2)-(3) (5) = (4)/(3)
Changes in operating assets and liabilities
Placements with bank Indonesia and other bank (1,500) (7,000) 5,500 -78.57%
Spot and derivatif receivables - - - -
Loans (9,193,797) (4,347,656) (4,846,141) 111.47%
Marketable securities sold under repurchased agreement (4,208,597) (4,095,066) (113,531) 2.77%
Marketable securities sold under repurchase agreement 1,575,529 (4,402,162) 5,977,691 (135.79%)
Other assets and other receivables (166,678) (117,044) (49,634) 42.41%
Immediate liabilities 115,091 278,638 (163,547) (58.70%)
Deposits from customers (3,570,473) (1,434,484) (2,135,989) 148.90%
Deposits from other banks (759,380) (848,777) 89,397 (10.53%)
Liabilities marketable securities sold under repurchased
4,023,817 3,891,346 132,471 3.40%
agreement
Other liabilities 200,981 (39,476) 240,457 (609.12%)
Net cash flow provided by (used in) operating activities (9,696,601) (8,745,993) (950,608) 10.87%
Cash flow from investing activites
Proceed (payment of) from borrowings 6,948,323 8,846,760 (1,898,437) (21.46%)
Acquisition of fixed assets (149,298) (248,269) 98,971 (39.86%)
Fixed asset sold 5,608 5,274 334 6.33%
Net cash flow provided by (used in) investing activities 6,804,633 8,603,765 (1,799,132) (20.91%)
Cash flows from financing activities
Proceed (payment of) from borrowings 43,578 (23.825) 67,403 (282.91%)
Additional borrowings - - - 0.00%
Payment of cash dividend (797,173) (782.457) (14,716) 1.88%
Payment of lease liabilities 6,316 (21,111) 27,427 (129.92%)
Net cash flows used in financing activities (747,279) (827,393) 12,712 (1.54%)
Net increase (decrease) in cash and cash equivalents (3,639,247) (969,621) (2,669,626) 275.33%
Cash and cash equivalents at beginning of year 19,988,131 20,957,752 (969,621) (4.63%)
Effect of foreign currencies exchange rate changes - - - 0.00%
Cash and cash equivalents at year end 16,348,884 19,988,131 (3,639,247) (18.21%)
Cash and cash equivalents consist of:
Cash 2,652,775 1,988,262 664,513 33.42%
Current accounts with bank Inodnesia 7,971,412 10,786,740 (2,815,328) (26.10%)
Current accounts with other bank 491,330 303,129 188,201 62.09%
Placement with bank Indonesia and other bank (maturity
5,233,367 6,910,000 (1,676,633,00) (24.26%)
within three months or less since the acquisition date)
Total cash and cash equivalents 16,348,884 19,988,131 (3,639,247) (18.21%)
PT Bank Pembangunan Daerah Jawa Timur Tbk
234 2023 Annual Report
Page 237
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Graph of Cash Flow Report (in IDR million)
8,603,765
6,804,633
(827,393) (747,279)
(8,745,993) (9,696,601)
Net Cash Flow Provided By Net Cash Flow Provided By Net Cash Flow Used In
(Used In) Oprating Activities (Used Id) Investing Activities Financing Activities
2022 2023
At the end of 2023, Bank Jatim posted a final cash and cash equivalents balance of IDR16,348,884 million, a decrease of 18.21%
compared to 2022 which amounted to IDR19,988,131 million. This decrease in cash balances was mainly due to a decrease in
placements with Bank Indonesia and other banks and net cash obtained from operating activities.
Cash Flows From Operating Activities resources such as credit provided, customer deposits, and tax
payments into cash that has been recognized and obtained.
Net cash flow used for operating activities in 2023, amounted
to IDR9,696,601 million, an increase of 10.87% compared to Cash Flows From Funding Activities
2022 which amounted to IDR8,745,993 million. Net cash flow
is the reduction between cash inflow and cash outflow. The Net cash used for financing activities in 2023 amounted
highest cash inflow came from, among other things, an increase to IDR747,279 million, a decrease of 1.54% compared to
in interest, investment and sharia income, premium income, 2022 which amounted to IDR827,393 million. This is mainly
other operational income, non-operational income, an increase influenced by the loan payments received. The highest cash
in customer deposits, and an increase in deposits from other inflow came from, among other things, an increase in loans
banks. The highest cash outflows came from lending, interest received. The highest cash outflows came from dividend
payments and other operational expenses. This means that Bank payments and decreases in securities issued. This means that
Jatim is able to carry out good business processes by utilizing its Bank Jatim is still able to obtain cash in the form of funding
operational resources such as loans, customer deposits, and tax from loans received which is able to cover cash outflows in the
payments into cash that has been recognized and obtained. form of dividends and others.
Cash Flows From Investment Activities
Ability To Pay Debt and
Net cash flow obtained from operating activities in 2023, Receivable Collectability
amounted to IDR6,804,633 million, a decrease of 20.91%
compared to 2022 which amounted to IDR8,603,765 million. Ability to Pay Debt
Net cash flow is the reduction between cash inflow and cash
outflow. The highest cash inflow came from, among other The ability of Bank Jatim to pay debts is measured by several ratios,
things, an increase in interest, investment and sharia income, including liquidity ratios, solvency ratios and profitability ratios.
premium income, other operational income, non-operational These ratios will become benchmarks for banks in measuring
income, an increase in customer deposits, and an increase possible risks that may arise in bank operational activities.
in deposits from other banks. The highest cash outflows
came from loan disbursement, interest payments and other Bank Jatim has a policy regarding fulfilling creditors’ rights which
operational expenses. This means that Bank Jatim is able to is used as a guideline in making loans to creditors. The aim of
carry out good business processes by utilizing its operational the policy in question is to maintain the fulfillment of rights
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 235
Page 238
and maintain creditors’ trust in Bank Jatim. This policy includes Ability To Pay Short-Term Debt (Bank Liquidity)
considerations in entering into agreements, as well as follow-up
actions in fulfilling obligations to creditors. Bank Jatim explains the The liquidity ratio is measured by comparing the amount of
creditor’s rights in the Credit Agreement (PK), including; loan granted to the amount of customer deposits (Loan to
1 The bank ensures that the creditor receives the principal Deposit Ratio/LDR) to determine the Bank’s ability to repay
and interest on the loan according to the agreed schedule. obligations to customers who have deposited their funds with
2 The bank ensures that the creditor receives the loan usage loan and financing provided to debtors as a source of liquidity.
report. LDR in 2023 is 70.03%. an increase of 13.53% compared to
3 The bank ensures that creditors receive fines for payments 2022 which was 56.50%. This means that Bank Jatim’s liquidity
that exceed the 4 agreed schedule. has improved and is in good condition so that it is able to meet
4 The bank ensures that principal and interest payments on its short-term obligations.
loans are not subject to penalties if the payment schedule
falls on a holiday and is paid on the following working day.
Table of Liquidity Ration
(in %)
Increase/
Description 2023 2022
Decrease
(1) (2) (3) (2)-(3)
Loan to Deposit Ratio (LDR) 70.03% 56.50% 13.53%
Ability to Pay Short-Term Debt (Bank Solvability)
The Capital Adequacy Ratio (CAR) in 2023 is at a safe level of where the ratio is higher than the BI/FSA minimum adequacy
25.71%, a slight increase of 0.97% compared to 2022 which ratio and the Bank’s capital structure has complied with BI/OJK
was recorded at a level of 24.74%. The level of Bank Jatim’s regulations of 14%. This shows that the Bank has managed the
CAR ratio shows that the bank’s capital structure has the Bank’s capital well and has sufficient capital to protect against
capability to balance market risk, credit risk and operational risk solvency risks.
Table of Solvability Ratio
(in %)
Increase/
Description 2023 2022
Decrease
(1) (2) (3) (2)-(3)
CAR-TIER I 24.56% 23.73% 0.82%
CAR-TIER II 1.15% 1.00% 0.15%
CAR (Credit, market, and operational risks) 25.71% 24.74% 0.97%
Other Financial Ratio
Bank Jatim’s other financial ratios include profitability ratios, efficiency ratios and compliance ratios as follows.
Table of Other Financial Ratio
(in %)
Increase/
Description 2023 2022
Decrease
(1) (2) (3) (2)-(3)
RENTABILITY RATIO
Return on Assets (ROA) 1.87% 1.95% (0.08%)
Return on Equity (ROE) 13.96% 16.24% (2.28%)
PT Bank Pembangunan Daerah Jawa Timur Tbk
236 2023 Annual Report
Page 239
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Increase/
Description 2023 2022
Decrease
(1) (2) (3) (2)-(3)
Net Interest Margin (NIM) 5.57% 5.11% 0.45%
EFICIENCY RATIO
Operating expenses to operating income (BOPO) 77.27% 76.15% 1.12%
COMPLIANCE RATIO
Statutory reverses in rupiah 8.85% 4.75% 4.10%
Statutory reverses in foreign exchange 6.62% 7.39% (0.77%)
Return on Assets (ROA) Operating Expenses To Operating Income (BOPO)
ROA in 2023 will be 1.87% or a decrease of 0.08% compared The BOPO ratio increased by 1.12% from 76.15% in 2022,
to 2022 of 1.95%. This decrease was partly due to an increase increasing to 77.27% in 2023. This increase was mainly
in total assets. influenced by the increase in fund interest expenses that
occurred in 2023.
Return on Equity (ROE)
Statutory Reverse Requirement (GWM)
ROE in 2023 is 13.96% or a decrease of 2.28% compared
to 2022 of 16.24%. This decrease is mainly influenced by an Bank Jatim’s Rupiah GWM in 2023 will be 8.85% and Foreign
decrease in profit. Currency GWM will be 6.62%. This liquidity position is in
accordance with Bank Indonesia Regulation No.19/6/PBI/2017
Net Interest Margin (NIM) dated April 17, 2017 concerning the 5th amendment to Bank
Indonesia Regulation No.15/15/PBI/2013 dated December 24,
NIM increased by 0.45% from 5.11% in 2022 to 5.57% at the 2013 concerning Minimum Statutory Reserves in Rupiah and
end of 2023. This was mainly influenced by the growth in credit Foreign Exchange for Conventional Commercial Banks.
and financing distribution in 2023.
Receiveable Collectibility
The collectability level of the Bank’s receivables can be The smaller the NPL value, the better the Bank’s performance
seen from the value of the Non-Performing Loan (NPL) in the collectibility of accounts receivable and shows good
ratio. The NPL ratio is a benchmark to see how much loan is loan quality.
problematic or bad of all loans given by banks to customers.
Table of Non Perfoming Loan Ratio
(in %)
Increase/
Description 2023 2022
Decrease
(1) (2) (3) (2)-(3)
Non Performing Loan (NPL) Gross 2.49% 2.83% (0.34%)
Non Performing Loan (NPL) Nett 1.21% 1.01% 0.20%
Gross NPL in 2023 is 2.49% or a decrease of 0.34% compared to 2022 which was 2.83%. Meanwhile, net NPL in 2023 will be 1.21%
or an increase of 0.20% compared to 2022 of 1.01%. The increase of net NPL value due to problematic credit throughout 2023.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 237
Page 240
Bank loan quality is divided based on the level of collectability, namely into the current, special mention, substandard, doubtful,
and loss groups. Meanwhile, the purpose of loan classification is so that the Bank can routinely monitor the loans that have been
distthousandted
Table of Loans by Type and Collectability
(in IDR million)
Special Sub-
Description Total Current Doubtful Loss
Mention Standard
2023
Working capital 15,550,351 13,946,393 924,261 59,999 88,048 531,650
Investment 8,002,279 6,786,068 1,060,393 6,918 13,921 134,979
Consumption 31,208,273 30,301,188 378,777 30,496 36,134 461,678
Total 54,760,903 51,033,649 2,363,431 97,413 138,103 1,128,307
Less: Allowance for impairment losses (1,364,905) (427,551) (236,983) (27,840) (49,043) (623,488)
Total Loans - net 53,395,998 50,606,098 2,126,448 69,573 89,060 504,819
2022
Working capital 10,968,010 9,802,144 457,228 20,906 37,479 650,253
Investment 6,570,658 6,296,351 151,931 3,855 3,343 115,178
Consumption 28,657,989 27,883,864 295,970 26,323 37,043 414,789
Total 46,196,657 43,982,359 905,129 51,084 77,865 1,180,220
Less: Allowance for impairment losses (1,318,612) (395,953) (78,550) (18,979) (28,495) (796,635)
Total Loans - net 44,878,045 43,586,406 826,579 32,105 49,370 383,585
Growth 2022-2023 (IDR)
Working capital 4,582,341 4,144,249 467,033 39,093 50,569 (118,603)
Investment 1,431,621 489,717 908,462 3,063 10,578 19,801
Consumption 2,550,284 2,417,324 82,807 4,173 (909) 46,889
Total 8,564,246 7,051,290 1,458,302 46,329 60,238 (51,913)
Less: Allowance for impairment losses (46,293) (31,598) (158,433) (8,861) (20,548) 173,147
Total Loans - net 8,517,953 7,019,692 1,299,869 37,468 39,690 121,234
Net loans in 2023 is IDR53,395,998 million, an increase of 18.98% compared to 2022 which was IDR44,878,045 million with a
current credit classification in 2023 of IDR50,606,098 million, with special attention amounting to IDR2,126,448 million, substandard
amounting to IDR69,573 million, doubtful amounting to IDR89,060 million and loss amounting to IDR504,819 million.
PT Bank Pembangunan Daerah Jawa Timur Tbk
238 2023 Annual Report
Page 241
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Fund Interest Rate
Information on competitive and competitive interest rates for savings, time deposits and current accounts of Bank Jatim is presented
as follows:
Table of Savings Interest Rate Per December 2023
Tier Interest Rate Tier Interest Rate
SIMPEDA SIMPANAN LAKU PANDAI
0 - < IDR1 million 0.00% All nominal 0.50%
IDR1 million - < IDR10 million 0.50% SIKLUS PENSIUN
IDR10 million - < IDR50 million 0.75% 0 - < IDR250 thousand 0.00%
IDR50 million - < IDR500 million 1.00% IDR250 thousand -
1.25%
< IDR7.5 million
≥ IDR500 million 1.50%
IDR7.5 million -
SIKLUS 1.50%
< IDR100 million
0 - < IDR1 million 0.00% ≥IDR100 million 1.75%
IDR1 million - < IDR10 million 0.75% SIKLUS VALAS
IDR10 million - < IDR50 million 1.00% USD
IDR50 million - < IDR500 million 1.25% < USD 100 0.00%
≥ IDR500 million 1.50% > USD100.00 -
0.05%
SIKLUS SMALL MICRO (SiUMI) ≤ USD10,000.00
0 - IDR500 thousand 0.00% > USD10,000.00 -
0.15%
≤ USD100,000.00
> IDR500 thousand 1.50%
> USD100,000.00 0.25%
SIKLUS NELAYAN (SiNyal)
SGD
0 - IDR500 thousand 0.00%
< USD100 0.00%
> IDR500 thousand 0.50%
> USD100.00 -
0.05%
HAJI ≤ USD10,000.00
All nominal 1.00% > USD10,000.00 -
0.15%
≤ USD100,000.00
TABUNGANKU
> USD100,000.00 0.20%
0 - IDR500 thousand 0.00%
EUR
>IDR500 thousand - IDR1 million 0.25%
0 - EUR300 0.00%
>IDR1 million 1.00%
> EUR300 0.10%
Notes:
• Interest is calculated daily JPY
and in accordance with the
applicable tiering All nominal 0.00%
• interest is paid according to HKD
the payment period
All nominal 0.00%
SIKLUS PRIORITAS
0 - < IDR500 thousand 0.00%
IDR500 thousand -
1.50%
< IDR7.5 million
IDR7.5 million - < IDR100 million 1.75%
IDR100 million - < IDR1 billion 2.00%
≥IDR1 billion 2.25%
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 239
Page 242
Table of Time Deposit Interest Rates Per December 2023
Tenor (month)
Tier 1 2 3 6 12 18 24
Month Month Month Month Month Month Month
≥IDR2,5 million - IDR1 billion 2.70% pa 2.80% pa 2.90% pa 3.00% pa 3.10% pa 3.15% pa 3.15% pa
>IDR1 billion 2.75% pa 2.85% pa 2.95% pa 3.05% pa 3.15% pa 3.15% pa 3.15% pa
Table of Foreign Exchange Interest Rates Per December 2023
Tenor (Month)
Tier
1 Month 3 Month 6 Month 12 Month
USD
≥ USD1,000 - ≤ USD100,000 0.75% pa
> USD100,000 1.00% pa
SGD
≥ SGD1,000 0.10% pa
EUR
≥ EUR750 Each placement is subject to approval by the authorized division
JPY
≥ JPY100,000 Each placement is subject to approval by the authorized division
HKD
≥ HKD7,500 Each placement is subject to approval by the authorized division
AUD
≥ AUD2,000 0.50% pa
CNY
≥ CNY7,000 0.70% pa
*) above the counter rate, the branch request head office approval
Table of Interest Rates for On Call Deposits of December 2023
Tier Interest Rate
On Call Deposits (Rupiah) 0.75% below the market interest rate of Government Banks, BPD or PrivateBanks obtained from LHBU
or Reuters
Table of Interest Rate Current Account Per December 2023
Tier Interest Rate
RUPIAH
Progressive daily current account
service calculation
IDR0 - IDR5 million 0.00%
> IDR5 million - IDR100 million 0.50%
> IDR100 million - IDR1 billion 0.75%
> IDR1 billion - IDR500 billion 0.90%
> IDR500 billion - IDR750 billion 1.25%
> IDR750 billion 1.75%
PT Bank Pembangunan Daerah Jawa Timur Tbk
240 2023 Annual Report
Page 243
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Tier Interest Rate
Current account Escrow Account Same as current account Rupiah. and must be included in the Cooperation Agreement (PK)
FOREIGN EXCHANGE
USD FOREIGN CURRENCY
CURRENT ACCOUNT
≤ USD1,000.00 0.00%
> USD1,000.00 - ≤ USD10,000.00 0.05%
> USD10,000.00 - ≤ USD100,000.00 0.15%
> USD100,000.00 0.25%
SGD FOREIGN CURRENCY
CURRENT ACCOUNT
≤ SGD1,000.00 0.00%
> SGD1,000.00 - ≤ SGD10,000.00 0.05%
> SGD10,000.00 - ≤ SGD100,000.00 0.15%
> SGD100,000.00 0.20%
EUR FOREIGN CURRENCY
CURRENT ACCOUNT
EUR 0.10%
JPY FOREIGN CURRENCY
CURRENT ACCOUNT
JPY 0.00%
AUD FOREIGN CURRENCY
CURRENT ACCOUNT
AUD 15,000 - < AUD 150,000 0.20%
≥ AUD 150,000 0.50%
HKD FOREIGN CURRENCY
CURRENT ACCOUNT
HKD 78,000 - < HKD 780,000 0.20%
≥ HKD 780,000 0.50%
CNY FOREIGN CURRENCY
CURRENT ACCOUN
CNY 72,000 - < CNY 720,000 0.20%
≥ CNY 720,000 0.50%
Table of Profit Sharing Ratio
Profit Realization of
Product
sharing ratio Sharing Ratio
Individual Wadiah Curent Account 0.00% 0.00%
General Wadiah Current Account for Service/Government 0.00% 0.00%
Public Private Wadiah Current Account 0.00% 0.00%
Government General Mudharabah Current Account 0.00% 0.51%
TabunganKu iB 0.00% 0.00%
Laku Pandai Savings 0.00% 0.00%
Simpel Savings 0.00% 0.00%
Santri Savings 0.00% 0.00%
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 241
Page 244
Profit Realization of
Product
sharing ratio Sharing Ratio
Umroh iB Amanah Savings 0.00% 0.00%
Haji Amanah Savings 10.00% 1.02%
Barokah Savings 12.50% 1.27%
iB Barokah Sejahtera Savings 4.00% 0.41%
iB Barokah Plan Savings 25.00% 2.54%
iB Barokah Pension Savings 15.00% 1.52%
1 Month Deposit 36.00% 3.66%
3 Months Deposit 38.00% 3.86%
6 Months Deposit 41.00% 4.16%
12 Months Deposit 42.50% 4.32%
Quality Analysis of Productive Assets
Productive assets in 2023 amounted to IDR98,580,598 million, an increase of 4.69% compared to 2022 with IDR94,164,611 million.
The quality of productive assets in 2023 in the current category is IDR93,737,202 million, special attention is IDR3,369,357 million,
substandard is IDR116,199 million, doubtful is IDR140,542 million and loss is IDR1,217,298 million.
Table of productive assets quality
(in IDR million)
INDIVIDUAL
December 31, 2023
No POSTS
Special Sub-
Current Doubtful Loss Total
mention standard
I RELATED PARTIES
1 Placement with other banks - - - - - -
a. Rupiah - - - - - -
b. Foreign exchange
2 Spot and deritatives/forward receivables - - - - - -
a. Rupiah - - - - - -
b. Foreign exchange
3 Securities owned - - - - - -
a. Rupiah - - - - - -
b. Foreign exchange
PT Bank Pembangunan Daerah Jawa Timur Tbk
242 2023 Annual Report
Page 245
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Basic Loan Rate
The Basic Loan Rate (SBDK) was used as the basis for or group of debtors. Thus, the amount of loan interest rate
determining the loan interest rate that would be charged charged to debtors was not necessarily the same as the Basic
by customers. Basic Loan Rate did not take into account the Loan rate. Non-KPR consumption loan did not include provision
risk premium estimation component, the amount of which of funds through credit cards and unsecured credit (KTA).
depended on the Bank’s assessment of the risk of each debtor
Table of Basic Loan Rate
Bank Jatim Basic Loan Interest Rate as of December 2023
Based on Business Segments
Consumption loan
Corporate loan Retail loan Micro Loan
KPR Non KPR
7.68% 8.21% 13.40% 8.22% 9.58%
Basic Loan Rate (SBDK) information that was valid at any time could be seen in the publication at each Bank office and/or the Bank’s
website if the bank had a website (included only for publication through
INDIVIDUAL
December 31, 2022
Current Special mention Sub-standard Doubtful Loss Total
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 243
Page 246
INDIVIDUAL
December 31, 2023
No POSTS
Special Sub-
Current Doubtful Loss Total
mention standard
4 Securities sold under repurchased
agreement (Repo)
a. Rupiah - - - - - -
b. Foreign exchange - - - - - -
5 Claims on securities purchased under
agreement to resell (Reserve Repo)
a. Rupiah - - - - - -
b. Foreign exchange - - - - - -
6 Acceptance Bill - - - - - -
7 Loans and financing provided
a. Micro, Small, and Medium
Enterprises (MSME) Debtors
i. Rupiah 1,263 - - 41 - 1,304
ii. Foreign exchange - - - - - -
b. Non-MSME debtor -
i. Rupiah 106,108 77,134 - 302 - 183,544
ii. Foreign exchange - - - - - -
c. Restrustured loan **)
i. Rupiah - - - - - -
ii. Foreign exchange - - - - - -
8 Equity instrument - - - - - -
9 Equity capital - - - - - -
10 Other receivables - - - - - -
11 Commitment and contingencies
a. Rupiah - - - - - -
b. Foreign exchange - - - - - -
12 Repossessed assets - - - - - -
TOTAL 107,371 77,134 - 343 - 184,848
PT Bank Pembangunan Daerah Jawa Timur Tbk
244 2023 Annual Report
Page 247
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
INDIVIDUAL
December 31, 2022
Current Special mention Sub-standard Doubtful Loss Total
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
9,755 - - - - 9,755
- - - - - -
122,270 2,846 - - - 125,116
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
132,025 2,846 - - - 134,871
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 245
Page 248
INDIVIDUAL
December 31, 2023
No POSTS
Special Sub-
Current Doubtful Loss Total
mention standard
II NON-RELATED PARTIES
1 Placement with other banks
a. Rupiah 4,251,988 - - - - 4,251,988
b. Foreign exchange 324,209 - - - - 324,209
2 Spot and deritatives/forward receivables
a. Rupiah - - - - - -
b. Foreign exchange - - - - - -
3 Securities owned
a. Rupiah 16,323,719 - - - - 16,323,719
b. Foreign exchange 112 - - - - 112
4 Securities sold under repurchased
agreement (Repo)
a. Rupiah 8,303,663 - - - - 8,303,663
b. Foreign exchange - - - - - -
5 Claims on securities purchased under
agreement to resell (Reserve Repo)
a. Rupiah 6,247,318 - - - - 6,247,318
b. Foreign exchange - - - - - -
6 Acceptance Bill
7 Loans and financing provided
a. Micro, Small, and Medium
Enterprises (MSME) Debtors
i. Rupiah 13,056,992 1,013,811 54,947 100,919 552,665 14,779,334
ii. Foreign exchange - - - - - -
b. Non-MSME debtor
i. Rupiah 37,869,286 1,272,486 42,466 36,841 575,642 39,796,721
ii. Foreign exchange - - - - - -
c. Restrustured loan **)
i. Rupiah 2,782,704 1,005,926 18,786 2,439 88,991 3,898,846
ii. Foreign exchange - - - - - -
Iii property loan - - - - - -
8 Equity instrument - - - - - -
PT Bank Pembangunan Daerah Jawa Timur Tbk
246 2023 Annual Report
Page 249
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
INDIVIDUAL
December 31, 2022
Current Special mention Sub-standard Doubtful Loss Total
4,362,457 - - - - 4,362,457
112,672 - - - - 112,672
361 - - - - 361
- - - - - -
23,217,308 - - - - 23,217,308
362 - - - - 362
4,095,066 - - - - 4,095,066
- - - - - -
- - - - - -
7,822,847 - - - - 7,822,847
- - - - - -
- - - - - -
- - - - - -
9,368,818 547,740 27,078 42,062 600,253 10,585,951
- - - - - -
34,481,516 354,543 24,006 35,803 579,967 35,475,835
- - - - - -
3,877,798 7,956 324 74 51,450 3,937,602
- - - - - -
- - - - - -
- - - - - -
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 247
Page 250
INDIVIDUAL
December 31, 2023
No POSTS
Special Sub-
Current Doubtful Loss Total
mention standard
9 Temporary Equity capital - - - - - -
10 Other receivables - - - - - -
11 Commitment and contingencies
a. Rupiah 4,423,649 - - - - 4,423,649
b. Foreign exchange 46,191 - - - - 46,191
12 Repossessed assets - - - - - -
TOTAL 93,629,831 3,292,223 116,199 140,199 1,217,298 98,395,750
93,737,202 3,369,357 116,199 140,542 1,217,298 98,580,598
III OTHER INFORMATION
1 Total pledged bank assets
a. At Bank Indonesia - - - - - -
b. On the other hand - - - - - -
2 Total CKPN on financial assets on
- - - - - 1,430,174
productive assets
3 Total PPA that must be formed for assets - - - - - 1,994,025
4 Percentage of credit to MSMEs to total credit - - - - - 26,99%
5 Percentage of credit to Small Micro
- - - - - 20,37%
Enterprises (UMK) to total credit
6 Percentage of total MSME debtors to total
- - - - - 50,97%
debtors
7 Percentage of total debtors of Micro Small
- - - - - 49,00%
Enterprises (UMK) to total debtors
8 Others
a. Channeling loans - - - - - 640,415
b. Distribution of Mudharabah
- - - - - -
Muqayyadah funds
c. Write-off productive assets - - - - - 4,292,820
d. Written off productive asset that were
- - - - - 1,228,552
recovered/ successfully billed
e. Productive assets that are written off - - - - - -
PT Bank Pembangunan Daerah Jawa Timur Tbk
248 2023 Annual Report
Page 251
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
INDIVIDUAL
December 31, 2022
Current Special mention Sub-standard Doubtful Loss Total
- - - - - -
- - - - - -
4,372,576 - - - - 4,372,576
46,703 - - - - 46,703
- - - - - -
91,758,484 910,239 51,408 77,939 1,231,670 94,029,740
91,890,509 913,085 51,408 77,939 1,231,670 94,164,611
- - - - - -
- - - - - -
- - - - - 1,366,019
- - - - - 1,870,191
- - - - - 2,63%
- - - - - 17,61%
- - - - - 43,49%
- - - - - 40,90%
- - - - - 648,319
- - - - - -
- - - - - 3,728,649
- - - - - 1,059,644
- - - - - -
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 249
Page 252
Bank Capital Structure
Management Policy and Basis of 1. Core Capital
Management Policy Selection On Capital Core Capital is bank capital which consists of Main Core
Structure Capital (Common Equity Tier 1- CET 1) and Additional Core
Capital (Additional Tier 1). Main core capital includes paid-in
The capital management policy is used as a guide to identify capital and additional capital reserves (disclosed reserved).
sources of capital, both internal and external. In addition, Additional capital reserves consist of additional factors (over-
capital policies are implemented to meet the capital adequacy translation of financial statements, potential profits from
provisions set by the regulator and ensure that the Bank’s capital increasing the fair value of financial assets in the available-
structure is efficient. Banks in calculating Minimum Capital for-sale group, fixed asset revaluation surplus balance,
Adequacy Ratio (CAR) refer to Financial Services Authority agio, general reserves, previous years’ profits, current year’s
Regulation No. 27 of 2022 concerning the Second Amendment profits, funds capital contributions and other additional
to Financial Services Authority Regulation Number 11/ capital reserves) and deduction factors (over-translation of
POJK.03/2016 concerning Minimum Capital Requirements for financial statements, potential losses from increases in the
Commercial Banks. To fulfill these requirements. The bank has fair value of financial assets in the available-for-sale group,
a policy to maintain a capital structure that is able to anticipate disagio, previous years’ losses, current year losses, under-
all major risks that occur in bank management. namely market differences between the Allowance for Asset Losses (PPA)
risk. credit risk. and operational risks. The Bank’s capital and reserves for impairment losses on productive assets,
management policy is reviewed by the Board of Directors and the difference in the amount of the fair value adjustment
Board of Commissioners, aimed at maintaining a strong capital of financial instruments in the trading book, the Allowance
structure to support future business growth. for Asset Losses (PPA) on non-productive assets that must
be calculated and other additional capital reserves). Bank
The main objective of the Bank’s capital management is Jatim’s core capital in 2023 will reach IDR11,025,184 million,
to ensure that the Bank maintains a healthy capital ratio in an increase of 6.56% or IDR678,792 million compared to
order to support the business and maximize shareholder 2022 which was IDR10,346,392 million due to additional
value. Companies are required to meet the Minimum Capital capital from the retained earnings component.
Requirement (KPMM) ratio as determined by Bank Indonesia.
2. Supplementary Capital (Maximum 100% of Core Capital)
Management uses regulatory capital ratios to monitor capital Supplementary Capital (maximum 100% of core capital)
adequacy in accordance with industry standards. Bank includes capital instruments in the form of shares or in
Indonesia’s approach to capital measurement is primarily based other forms that meet the requirements, agio or disagio
on monitoring required capital requirements against available originating from the issuance of capital instruments that
capital. Throughout 2023, Bank Jatim has fulfilled all required are classified as supplementary capital and general PPA
capital requirements. reserves for productive assets which must be calculated
in the amount maximum 1.25% of Risk Weighted Assets
Capital Structure Details (RWA) Credit Risk and Purpose Reserves. Bank Jatim’s total
supplementary capital in 2023 is IDR516,010 million, an
In accordance with Financial Services Authority Regulation no. increase of 17.93% or IDR78,447 million compared to 2022
27 of 2022 concerning the Second Amendment to Financial which was IDR437,563 million.
Services Authority Regulation Number 11/POJK.03/2016
concerning Minimum Capital Requirements for Commercial
Banks. Bank capital consists of Core Capital (Tier-1) and
Supplementary Capital (Tier-2).
Table of Capital Structure
(in IDR million)
Growth 2022-2023
Bank Jatim Capital Adequacy Position 2023 2022
Nominal %
Core capital 11,025,184 10,346,392 678,792 6.56%
supplementary capital 516,010 437,563 78,447 17.93%
Total Core Capital and Supplementary Capital 11,541,194 10,783,955 757,239 7.02%
PT Bank Pembangunan Daerah Jawa Timur Tbk
250 2023 Annual Report
Page 253
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Growth 2022-2023
Bank Jatim Capital Adequacy Position 2023 2022
Nominal %
Risk Weighted Assets (RWA) for Credit Risk 40,764,771 34,567,488 6,197,283 17.93%
Risk Weighted Assets (RWA) for Operational Risk 4,083,746 8,917,841 (4,834,095) (54.21%)
Risk Weighted Assets (RWA) for Market Risk 49,106 108,144 (59,038) (54.59%)
Total Risk Weighted Asset 44,897,623 43,593,473 1,304,150 2.99%
CAPITAL ADEQUACY RATIO (%)
CET 1 Ratio 24.56% 23.73% 0.82% 0.83%
Minimum capital adequacy ratio for credit risk and operational risk 25.73% 24.80% 0.93% 0.93%
Minimum capital adequacy ratio for credit risk, market risk and operational
25.71% 24.74% 0.97% 0.97%
risk
Information on Capital Credit Risk
and Risk Exposure
Credit risk is the risk due to default by the debtor and/or
In accordance with the complexity of its business, the Bank counterparty in fulfilling liabilities to the Bank. Regarding
manages 8 (eight) types of risk, namely credit risk, liquidity specific credit risk exposures such as individual credit,
risk, market risk, operational risk, legal risk, reputation risk, interbank facilities and so on, the Bank evaluates it separately
strategic risk and compliance risk. However, this section only using factors that may differ, according to the specific
describes risk management practices for credit risk, market characteristics of each type of exposure. In managing credit
risk and liquidity risk. Meanwhile, explanations related to risk, the Bank has credit policies and guidelines that are
other types of risk are presented in the Risk Profile and periodically refined. while still being based on the principle
Management section on Corporate Governance in this of independent risk management in accordance with Bank
Annual Report. Indonesia regulations and other external regulations.
Disclosure of Quantitative Risk Exposure The Bank’s maximum exposure to credit risk for financial
instruments on the statement of financial position and
Based on the Financial Services Authority Regulation (POJK) administrative accounts, is assessed without taking into account
Number 37/POJK.03/2019 and OJK Circular Letter Number 9/ collateral held or other credit protection. As of December 31,
SEOJK.03/2020 Concerning Transparency and Publication of 2023 and 2022, the maximum credit risk disclosures based on
Bank Reports and POJK Number 18/POJK.03/2016 concerning concentration before taking into account collateral held and
Implementation of Risk Management. master netting agreements are as follows:
Credit Risk Concentration by Geographic
Table of Credit Risk Concentration by Geographic Year 2023
(in IDR million)
December 31, 2023
Description Java other
East Java than East Sumatera Borneo Others Total
Java
FINANCIAL POSITION
Currents account with Bank Indonesia - 7,971,412 - - - 7,971,412
Currents account with other banks - 490,253 - - - 490,253
Placement with Bank Indonesia and other
842,093 2,281,988 1,000,000 290,000 815,614 5,229,695
bank
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 251
Page 254
December 31, 2023
Description Java other
East Java than East Sumatera Borneo Others Total
Java
Securities - - - - - -
Amortized cost - 8,560,761 - - - 8,560,761
Fair value through other comprehensive
- 7,762,560 - - - 7,762,560
income
Securities sold under agreements to
- 8,560,761 - - - 8,560,761
repurchased
Securities sold under agreements to resell - 6,247,318 - - - 6,247,318
Other bill 223,138 - - - - 223,138
Loan given - - - - - -
Working capital 11,440,125 2,842,481 604,895 2,973 14,890,474
Investment 4,236,832 2,670,923 282,259 472,895 - 7,662,909
Consumption 30,059,320 734,680 48,538 - 77 30,842,615
Interest receivables 665,717 16,610 2,458 730 219 685,734
Total 47,467,225 47,882,649 1,938,150 763,625 818,883 98,870,532
ADMINISTRATIVE ACCOUNT
Credit facilities to customers who have not
2,875,686 872,815 6,195 15,569 - 3,770,265
been used
Issued bank guarantee 699,574 - - - - 699,574
Total 3,575,260 872,815 6,195 15,569 - 4,469,839
Table of Credit Risk Concentration by Geographic Year 2022
(in IDR million)
December 31, 2022
Description Java other
East Java than East Sumatera Borneo Others Total
Java
FINANCIAL POSITION
Currents account with Bank Indonesia - 10,786,740 - - - 10,786,740
Currents account with other banks - 302,688 - - - 302,688
Placement with Bank Indonesia and other bank 1,152,000 2,702,379 538,000 449,000 2,071,796 6,913,175
Spot and derivative bills 361 - - - - 361
Securities
Amortized cost - 14,740,662 - - - 14,740,662
Fair value through other comprehensive - 8,476,609 - - - 8,476,609
income
Securities sold under agreements to - 4,095,066 - - - 4,095,066
repurchased
Securities sold under agreements to resell - 7,822,847 - - - 7,822,847
Other bill 286,147 - - - - 286,147
Loan given
Working capital 8,483,137 1,014,245 677,316 - - 10,174,698
Investment 3,359,791 2,161,406 370,368 479,607 - 6,371,172
Consumption 28,151,362 143,306 37,289 70 148 28,332,175
PT Bank Pembangunan Daerah Jawa Timur Tbk
252 2023 Annual Report
Page 255
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
December 31, 2022
Description Java other
East Java than East Sumatera Borneo Others Total
Java
Interest receivables 629,389 13,694 2,288 752 2 646,125
Total 42,062,187 52,259,642 1,625,261 929,429 2,071,946 98,948,465
ADMINISTRATIVE ACCOUNT
Credit facilities to customers who have not 2,412,262 971,071 610 15,569 - 3,399,512
been used
Issued bank guarantee 1,019,766 - - - - 1,019,766
Total 3,432,028 971,071 610 15,569 - 4,419,278
Credit Risk Concentration Based On Industry Sector
Table of Credit Risk Concentration Based on Idustrial Sector in 2023
(in IDR million)
December 31, 2023
Description Government Non-bank
Other
and Bank Bank Financial Individual Total
Company
Indonesia Institution
FINANCIAL POSITION
Currents account with Bank
7,971,412 - - - - 7,971,412
Indonesia
Currents account with other banks - 490,253 - - - 490,253
Placement with Bank Indonesia
5,229,695 - - - - 5,229,695
and other bank
Spot and derivative bills - - - - - -
Securities - - - - - -
Amortized cost 5,890,446 463,025 2,207,290 - - 8,560,761
Fair value through other
7,762,560 - - - - 7,762,560
comprehensive income
Securities sold under agreements
8,303,663 - - - - 8,303,663
to repurchased
Securities sold under agreements
- 6,247,318 - - - 6,247,318
to resell
Other bill - - - - 223,138 223,138
Loan given - - - - - -
Working capital 105,418 1,219,950 351,676 3,516,283 9,697,147 14,890,474
Investment 1,111 6,137 5,088,634 2,567,027 7,662,909
Consumption - 7,376 2,671 608,137 30,224,431 30,842,615
Interest receivables 275 2,281 2,389 33,110 647,679 685,734
Total 35,264,580 8,430,203 362,873 11,453,454 43,359,422 98,870,532
ADMINISTRATIVE ACCOUNT
Credit facilities to customers who
- 65,971 - - 3,704,294 3,770,265
have not been used
Issued bank guarantee - - - 699,574 699,574
Total - 65,971 - - 4,403,868 4,469,839
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 253
Page 256
Table of Credit Risk Concentration Based on Idustrial Sector in 2022
(dalam jutaan Rupiah)
December 31, 2022
Description Government Non-bank
Other
and Bank Bank Financial Individual Total
Company
Indonesia Institution
FINANCIAL POSITION
Currents account with Bank
10,786,740 - - - - 10,786,740
Indonesia
Currents account with other banks - - 302,688 - - 302,688
Placement with Bank Indonesia
6,913,175 - - - - 6,913,175
and other bank
Spot and derivative bills - - 361 - - 361
Securities -
Amortized cost 12,425,335 - 327,018 1,988,309 - 14,740,662
Fair value through other
8,476,609 - - - - 8,476,609
comprehensive income
Securities sold under agreements
4,095,066 - - - - 4,095,066
to repurchased
Securities sold under agreements
- - 7,822,847 - - 7,822,847
to resell
Other bill - - - - 286,147 286,147
Loan given
Working capital 177,813 327,211 315,826 2,937,209 6,416,639 10,174,698
Investment 5,662 1,436 - 4,828,916 1,535,158 6,371,172
Consumption - 1,000 3,897 14,773 28,312,505 28,332,175
Interest receivables 433 2,025 535 41,024 602,108 646,125
Total 42,880,833 331,672 8,773,172 9,810,231 37,152,557 98,948,465
ADMINISTRATIVE ACCOUNT
Credit facilities to customers who
- - 132,932 - 3,266,580 3,399,512
have not been used
Issued bank guarantee - - - - 1,019,766 1,019,766
Total - - 132,932 - 4,286,346 4,419,278
Credit Risk Measurement
The estimation of credit exposure for risk management Default (EAD), and Loss Given Default (LGD). This is the same
purposes is complex. It requires the use of models because as the approach used for the purpose of measuring Expected
exposures vary with changes in market conditions, expected Credit Losses (ECL) based on PSAK 71.
cash flows, and the passage of time. Assessment of the credit
risk of a portfolio of assets requires further estimation of the Impairment Evaluation
probability of default, the ratio of associated losses, and the The following is the risk of financial assets based on the
correlation of default between counterparties. Banks measure classification of evaluation of impairment as of December 31,
credit risk using the Probability of Default (PD), Exposure at 2023 dan 2022:
Table of Impairment Evaluation of Current Accounts with Other Banks
(in IDR million)
December 31, 2023 December 31, 2022
Description
Stage 1 Stage 2 Stage 3 Stage Stage 1 Stage 2 Stage 3 Total
Indonesia Rupiah 336,488 - - 336,488 190,456 - - 190,456
Foreign exchang 154,842 - - 154,842 112,673 - - 112,673
PT Bank Pembangunan Daerah Jawa Timur Tbk
254 2023 Annual Report
Page 257
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
December 31, 2023 December 31, 2022
Description
Stage 1 Stage 2 Stage 3 Stage Stage 1 Stage 2 Stage 3 Total
Total 491,330 - - 491,330 303,129 - - 303,129
Allowance for impairment losses (1,077) - - (1,077) (441) - - (441)
Net 490,253 - - 490,253 302,688 - - 302,688
Table of Impairment Evaluation of Current Accounts with Bank Indoensia and Other Banks
(in IDR million)
December 31, 2023 December 31, 2022
Description
Stage 1 Stage 2 Stage 3 Stage Stage 1 Stage 2 Stage 3 Total
IDR:
Placement in bank Indonesia 1,149,854 - - 1,149,854 2,744,329 - - 2,744,329
Interbank call money 4,083,367 - - 4,083,367 4,165,000 - - 4,165,000
Time Deposit 1,500 - - 1,500 7,000 - - 7,000
Total 5,234,721 - - 5,234,721 6,916,329 - - 6,916,329
Allowance for impairment losses (5,026) - - (5,026) (3,154) - - (3,154)
Net 5,229,695 - - 5,229,695 6,913,175 - - 6,913,175
Table of Evaluasi Decrease Decrease Nilai Securities
(in IDR million)
December 31, 2023 December 31, 2022
Description
Stage 1 Stage 2 Stage 3 Stage Stage 1 Stage 2 Stage 3 Total
IDR:
Government Bonds 12,610,606 - - 12,610,606 20,501,941 - - 20,501,941
Bonds 2,089,300 - - 2,089,300 1,851,074 - - 1,851,074
Sukuk Bank Indonesia - - - - 400,000 - - 400,000
Interbank Mudharabah Investment 325,000 - - 325,000
450,000 - - 450,000
Certificate (SIMA)
Reksadana 450,000 - - 450,000 90,000 - - 90,000
Negotiable Certificate of Deposit 450,000 - - 450,000 47,237 - - 47,237
Domestic Documentary Letter of - - - -
90,000 - - 90,000
Credit
Medium Term Securities 28,500 - - 28,500 2,056 - - 2,056
Foreign Exchange 12,913 - - 12,913 - -
Bill 112 - - 112 362 - - 362
Total 16,323,831 - - 16,323,831 23,217,671 - - 23,217,671
Provision for impairment losses on (400) - - (400)
(511) - - (511)
financial assets
Net 16,323,320 - - 16,323,320 23,217,271 - - 23,217,271
Table of Evaluation of Impairment of Credit Distributed
(in IDR million)
December 31, 2023 December 31, 2022
Description
Stage 1 Stage 2 Stage 3 Stage Stage 1 Stage 2 Stage 3 Total
Multipurpose loan 24,949,921 48,361 192,741 25,191,023 23,578,636 37,542 181,718 23,797,896
Working capital loan 3,178,492 121,848 177,899 3,478,239 2,400,068 104,398 293,573 2,798,039
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 255
Page 258
December 31, 2023 December 31, 2022
Description
Stage 1 Stage 2 Stage 3 Stage Stage 1 Stage 2 Stage 3 Total
Covid-19 Restructurisation - - - - 3,160,896 33,974 337,404 3,532,274
Wholesale and retail 2,729,943 148,116 437,951 3,316,010 1,654,813 91,337 200,612 1,946,762
Employee loans 2,005,146 2,612 15,745 2,023,503 2,050,789 3,144 23,193 2,077,126
Mining, quarrying, electricity, and
2,723,010 25,530 558,974 3,307,514 1,220,386 11,991 119,168 1,351,545
transportation
Mortgage 1,496,088 125,008 231,420 852,516 1,222,011 116,132 241,184 1,579,327
Public, social culture, entertainment,
1,719,947 15,764 48,080 1,783,791 747,574 8,375 25,022 780,971
and other individual services
Agriculture, hunting and forestry 1,510,630 42,059 203,509 1,756,198 748,259 117,445 67,375 933,079
Processing industry 2,343,498 22,053 103,913 2,469,464 1,614,145 20,003 51,057 1,685,205
People's business credit 3,709,273 90,788 54,695 3,854,756 2,393,551 29,099 12,857 2,435,507
Financial intermediaries 1,631,661 10,586 32,259 1,674,506 604,442 18,758 24,849 648,049
Linkage program 173,634 - - 173,634 216,994 - - 216,994
Accommodation, food and beverages 185,464 5,604 48,670 239,738 129,987 4,617 8,080 142,684
Other business and households 1,231,176 9,719 63,579 1,304,474 147,980 914 328 149,222
Real estate, business rental and
36,424 1,649 15,294 53,367 18,096 635 10,566 29,297
services
Cattle Breeding Business Loan - - 641 641 - - 2,142 2,142
Individual service which serve
15,744 263 528 16,535 8,773 294 499 9,566
households
Energy and Food Stability Loan - - - - - - 317 317
Limit activities that are not yet clear - - - - 2,989 - - 2,989
Others 77,134 - - 77,134 174,194 - - 174,194
49,717,185 669,960 2,185,898 52,573,043 42,094,583 598,658 1,599,944 44,293,185
Allowance for impairment losses (367,710) (74,071) (869,732) (1,311,513) (263,059) (61,303) (911,041) (1,235,403)
Conventional - Net 49,349,475 595,889 1,316,166 51,261,530 41,831,524 537,355 688,903 43,057,782
December 31, 2023 December 31, 2022
Description Impaired Impaired
Not Not
Total Total
Impaired Impaired
Individual Collective Individual Collective
Sharia 1,986,968 200,892 - 2,187,860 1,802,438 101,034 - 1,903,472
Allowance for implairment losses (17,395) (35,997) - (53,392) (33,308) (49,901) - (83,209)
Sharia - Net 1,969,573 164,895 - 2,134,468 1,769,130 51,133 - 1,820,263
Total - Net 51,319,048 760,784 1,316,167 53,395,998 43,600,654 588,488 688,903 44,878,045
Table of Movements in Allowance for Impairment Losses Based on Type of Loans Extended
(in IDR million)
December 31, 2023 December 31, 2022
Description Working Working
Investment Consumption Total Investment Consumption Total
capital capital
Balance at beginning of year 793,315 199,485 325,812 1,318,612 1,192,221 257,879 381,317 1,831,417
Provision during the year 349,480 144,856 181,587 675,923 267,676 52,363 67,715 387,754
PT Bank Pembangunan Daerah Jawa Timur Tbk
256 2023 Annual Report
Page 259
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
December 31, 2023 December 31, 2022
Description Working Working
Investment Consumption Total Investment Consumption Total
capital capital
Written-off during the year (482,918) (4,969) (141,743) (629,630) (666,582) (110,757) (123,220) (900,559)
Balance at December 31 659,877 339,372 365,656 1,364,905 793,315 199,485 325,812 1,318,612
Individual impairment 411,873 90,939 230,012 732,824 570,537 92,889 203,467 866,893
Collective impairment for
248,004 248,43 135,644 632,081 222,778 106,596 122,345 451,719
non-impaired loans
Balance at December 31 659,877 339,372 365,656 1,364,905 793,315 199,485 325,812 1,318,612
The table below shows the credit quality per type of financial instrument that has not yet matured and Not-Impaired (excluding
allowance for impairment losses):
Table of Credit Quality per Type of Financial Instruments That Have Not Matured and Not-Impaired in 2023
(in IDR million)
December 31, 2023
Description Not Matured and Not Impaired
Past-due but
Impaired Total
not impaired
High Grade Standard grade
AMORTIZED COST
Goverment’s bonds 5,440,446 - - - 5,440,446
Mutual Funds 2,089,300 - - - 2,089,300
Bonds 450,000 - - - 450,000
Sukuk of Bank Indonesia 450,000 - - - 450,000
Negotiable Certificate of
28,500 - - - 28,500
Deposit
Investment Cerificate 90,000 - - - 90,000
Domestic Documentary Letter
12,913 - - - 12,913
of Credit
Bill 112 - - - 112
8,561,271 - - - 8,561,271
FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME
Goverment’s bonds 7,762,560 - - - 7,762,560
AMORTIZED COST
Currents account with Bank
7,971,412 - - - 7,971,412
Indonesia
Currents account with other
491,330 - - - 491,330
banks
Placement with Bank Indonesia
5,234,721 - - - 5,234,721
and other banks
Spot and derivative
6,247,318 - - - 6,247,318
receivables
Reverse repo receivables 223,138 - - - 223,138
Other receivables
Working capital - 14,870,654 - 679,697 15,550,351
Investment - 7,846,461 - 155,818 8,002,279
Consumption - 30,679,965 - 528,308 31,208,273
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 257
Page 260
December 31, 2023
Description Not Matured and Not Impaired
Past-due but
Impaired Total
not impaired
High Grade Standard grade
Interest receivables - 685,734 - - 685,734
Total 36,491,750 54,082,814 - 1,363,823 91,938,387
Allowances for impairment losses - (697,350) - (674,168) (1,371,518)
Nrtto 36,491,750 53,385,464 - 689,655 90,566,869
Table of Kualitas Kredit Per Jenis Instrumen Keuangan Yang Belum Jatuh Tempo dan Tidak Mengalami Decrease Nilai Tahun 2022
(in IDR million)
December 31, 2022
Not Matured and Not Impaired
Description Past-due but
Impaired Total
High Grade Standard grade not impaired
AMORTIZED COST
Government’s Bonds 12,025,332 - - - 12,025,332
Mutual Funds 90,000 - - - 90,000
Bonds 1,851,074 - - - 1,851,074
Bank Indonesia Deposit
400,000 - - - 400,000
Certificate
Negotiable Certificate of
47,237 - - - 47,237
Deposit
Interbank Mudharabah
325,000 - - - 325,000
Investment Certificate (SIMA)
Bill 2,418 - - - 2,418
14,741,062 - - - 14,741,062
FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME
Government’s Bonds 8,476,609 - - - 8,476,609
AMORTIZED COST
Currents account with Bank
10,786,740 - - - 10,786,740
Indonesia
Currents account with other
303,129 - - - 303,129
banks
Placement with Bank Indonesia
6,916,329 - - - 6,916,329
and other banks
Spot and derivative
361 - - - 361
receivables
Reverse repo receivables 7,822,847 - - - 7,822,847
Other receivables 286,147 - - - 286,147
Loan and Sharia financing
Working capital - 10,259,372 - 708,638 10,968,010
Investment - 6,448,282 - 122,376 6,570,658
Consumption - 28,179,834 - 478,155 28,657,989
Interest receivables - 646,125 - - 646,125
Total 49,333,224 45,533,613 - 1,309,169 96,176,006
Allowances for impairment losses - (499,126) - (823,481) (1,322,607)
Net 49,333,224 45,034,487 - 485,688 94,853,399
PT Bank Pembangunan Daerah Jawa Timur Tbk
258 2023 Annual Report
Page 261
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Market Risk
Market risk is the risk that occurs in the statements of financial in the economic value of banking book positions, due to
position and administrative accounts due to changes in market changes in interest rates. In managing interest rate risk, it is
variables, such as interest rates and exchange rates. Market risk carried out on banking book exposure, taking into account the
is almost inherent in all operational activities of the Bank, both position of gaps in the Bank’s assets and liabilities which are
in the banking book and trading book. sensitive to movements in interest rates that affect the stability
of the Bank’s profitability level.
Market risk management is carried out in accordance with the
Bank’s policies and procedures related to products and services The table below represents the average annual contractual
as well as treasury activities and the risks inherent in the interest rates for significant financial assets and liabilities as of
business. Interest rate risk arises from changes in financial December 31, 2023 dan 2022:
instrument prices from trading book positions or from changes
Table of Average Annual Contractual Interest Rates for Significant Financial Assets and Liabilities
(in %)
December 31, 2023 December 31, 2022
Description
IDR USD IDR USD
ASSETS
Current accounts with Bank Indonesia 0.00% 0.00% 0.00% 0.00%
Current accounts with other banks 0.00% 0.00% 0.02% 0.04%
Placements with Bank Indonesia and other banks 6.06% 0.00% 1.33% 0.47%
Marketable securities 5.63% 0.00% 7.99% 0.00%
Marketable securities sold under repurchased agreement 6.46% 0.00% 5.38% 0.00%
Marketable securities purchased under resale agreement 6.32% 0.00% 5.80% 0.00%
Loans and sharia financing 10.50%-12.75% 0.00% 10.50%-12.75% 0.00%
LIABILITIES
Deposits from customers 0.00% - 3.51% 0.00% - 1.65% 0.00% - 2.74% 0.00% - 0.16%
Deposits from other banks 0.00% - 3.43% - 0.00% - 2.27% -
The following table summarizes the Bank’s exposure to interest rate risk (gross) which may have an impact on future cash flows as of
December 31, 2023 dan 2022:
Table of Bank Exposure to Interest Rate Risk (Gross) in 2023
(in IDR million)
December 31, 2023
Floating interest rate
Description
Not more 3 Months
1 year and Fixed Non-interest
than 3 but less than Total
up interest rate bearing
months 1 year
FINANCIAL ASSETS
Cash 2,652,775 - - - - 2,652,775
Current accounts with Bank Indonesia 7,971,412 - - - - 7,971,412
Current accounts with other banks 490,253 - - - - 490,253
Placements with Bank Indonesia and
5,229,695 - - - - 5,229,695
other banks
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 259
Page 262
December 31, 2023
Floating interest rate
Description
Not more 3 Months
1 year and Fixed Non-interest
than 3 but less than Total
up interest rate bearing
months 1 year
Marketable securities
Amortized cost 2,334,459 1,481,901 4,744,401 - - 8,560,761
Fair value through other
7,762,560 - - - - 7,762,560
comprehensive income
Marketable securities sold under
6,948,304 - - - - 6,948,304
repurchased agreement
Marketable securities purchased
6,247,318 - - - - 6,247,318
under resale agreement
Other receivable 223,138 - - - - 223,138
Loans and sharia financing
Working capital - - - 15,550,351 - 15,550,351
Investment - - - 8,002,279 - 8,002,279
Consumption - - - 31,208,273 - 31,208,273
Interest receivable 287,221 14,280 384,233 - - 685,734
Total financial assets 40,147,135 1,496,181 5,128,634 54,760,903 - 101,532,853
FINANCIAL LIABILITIES
Obligations due immediately 987,605 - - - - 987,605
Deposits from customers
Current accounts 20,926,363 - - - - 20,926,363
Savings accounts 28,815,896 - - - - 28,815,896
Time deposits - - - 28,454,651 - 28,454,651
Deposits from other banks 2,570,985 8,260 500 - - 2,579,745
Spot and derivative liabilities - - - - - -
Borrowings - 530,156 - - 66,821 596,977
Accrued expenses 504,748 - - - - 504,748
Other liabilities 779,314 - - - - 779,314
Total financial liabilities 54,584,911 538,416 500 28,454,651 66,821 83,645,299
Net interest repricing gap (14,437,776) 957,765 5,128,134 26,306,252 (66,821) 17,887,554
Table of Bank Exposure to Interest Rate Risk (Gross) in 2022
(in IDR million)
December 31, 2022
Floating interest rate
Description
Not more 3 Months
1 year and Fixed Non-interest
than 3 but less than Total
up interest rate bearing
months 1 year
FINANCIAL ASSETS
Cash 1,988,262 - - - - 1,988,262
Current accounts with Bank Indonesia 10,786,740 - - - - 10,786,740
Current accounts with other banks 302,688 - - - - 302,688
Placements with Bank Indonesia and
6,913,175 - - - - 6,913,175
other banks
PT Bank Pembangunan Daerah Jawa Timur Tbk
260 2023 Annual Report
Page 263
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
December 31, 2022
Floating interest rate
Description
Not more 3 Months
1 year and Fixed Non-interest
than 3 but less than Total
up interest rate bearing
months 1 year
Marketable securities
Amortized cost 1,578,463 4,995,096 8,167,102 - - 14,740,661
Fair value through other
- - 8,476,609 - - 8,476,609
comprehensive income
Marketable securities sold under
4,095,066 - - - - 4,095,066
repurchased agreement
Marketable securities purchased
7,822,847 - - - - 7,822,847
under resale agreement
Other receivable 286,147 - - - - 286,147
Loans and sharia financing
Working capital - - - 10,968,010 - 10,968,010
Investment - - - 6,570,658 - 6,570,658
Consumption - - - 28,657,989 - 28,657,989
Interest receivable 74,213 14,396 557,516 - - 646,125
Total financial assets 33,847,601 5,009,492 17,201,227 46,196,657 - 102,254,977
Financial Liabilities
OBLIGATIONS DUE IMMEDIATELY
Deposits from customers 916,091 - - - - 916,091
Current accounts
Savings accounts 23,634,773 - - - - 23,634,773
Time deposits 26,343,817 - - - - 26,343,817
Deposits from other banks - - - 31,788,793 - 31,788,793
Borrowings 3,334,563 4,560 - - - 3,339,123
Accrued expenses - 481,532 - - 71,867 553,399
Other liabilities 520,840 - - - - 520,840
Total financial liabilities 550,119 - - - - 550,119
Net interest repricing gap 55,300,203 486,092 - 31,788,793 71,867 87,646,955
Gap repricing suku bunga - Neto (21,452,602) 4,523,400 17,201,227 14,407,864 (71,867) 14,608,022
The following table shows the sensitivity to a possible one percentage point change in reasonable interest rates, with all other variables
held constant, in the Bank’s statement of profit or loss and other comprehensive income. The sensitivity of the statement of comprehensive
income is the impact of changes in the assumption of interest rates in the statement of profit or loss and other comprehensive income in
that period. The sensitivity of total profit or loss is based on the assumption of parallel shifts in the yield curve.
Table of Sensitivity to Possibility of Change
(in IDR million)
December 31, 2023
Description
Increase Decrease
Effect on the statement of profit or loss and other comprehensive income 62,414 (62,414)
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 261
Page 264
The Bank is exposed to interest rate risk in Singapore Dollars, Liquidity Risk
USD, Euros, etc. Exchange rate risk is the risk that the value of
a financial instrument will fluctuate due to changes in foreign Liquidity risk results from the Bank’s inability to meet maturing
currency exchange rates. Currency risk is the possible loss liabilities from cash flow funding sources and/or from high-
of income arising from changes in foreign exchange rates. quality liquid assets that can be used as collateral without
The Bank manages exposure to the effects of fluctuations disrupting the Bank’s activities and financial condition. The
in foreign currency exchange rates by maintaining foreign Bank measures liquidity risk using the Liquidity Risk Model
currency risk within existing regulatory guidelines (i.e., with a maturity profile gap methodology. Management of
maintaining the Net Open Position in accordance with daily liquidity conditions is carried out by the Treasury Unit,
Bank Indonesia regulations). As of December 31, 2023, and and external and macroeconomic changes that occur are
2022, the influence of foreign currency exchange rates is not immediately informed and internal strategies and policies are
significant to the Bank. adopted, including through the Asset and Liabilities Committee
(ALCO) mechanism.
The ratio of net liquid assets to customer deposits is as follows:
Table of the Ratio of Net Liquid Assets to Customer Deposits
(in IDR million)
Description December 31, 2023 December 31, 2022
Cash and cash equivalent 16,350,238 19,994,460
Marketable securities sold under purchased agreement 8,303,663 4,095,066
Reverse repo receivables 6,247,318 7,822,847
Deposits from other banks 2,560,321 3,339,123
Total 33,461,540 35,251,496
Deposits from customers 75,849,855 81,767,383
Ratio of net liquid assets to deposit from customers 44.12% 43.11%
The following maturity table presents information regarding the estimated remaining maturities of financial assets and liabilities
(principal only) as of December 31, 2023 dan 2022:
Table of Information on Estimated Remaining Maturity of Financial Assets and Liabilities (Basic Only) in 2023
(in IDR million)
December 31, 2023
Description Carrying Less than 1 6 - 12 More than
1 - 3 months 3 - 6 months
value month months 12 months
FINANCIAL ASSETS
Cash 2,652,775 2,652,775 - - - -
Current accounts with Bank Indonesia 7,971,412 7,073,597 - - - 897,815
Current accounts with other banks 490,253 490,253 - - - -
Placements with Bank Indonesia and
5,229,695 5,228,200 1,495 - - -
other banks
Marketable securities
Amortized cost 8,560,761 830,243 1,504,216 783,350 698,551 4,744,401
Fair value through other
7,762,560 7,732,011 30,549 - - -
comprehensive income
PT Bank Pembangunan Daerah Jawa Timur Tbk
262 2023 Annual Report
Page 265
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
December 31, 2023
Description Carrying Less than 1 6 - 12 More than
1 - 3 months 3 - 6 months
value month months 12 months
Marketable securities sold under
6,948,304 6,948,304 - - - -
repurchased agreement
Marketable securities purchased
6,247,318 6,197,612 49,706 - - -
under resale agreement
Other receivable 223,138 223,138 - - - -
Loans and sharia financing
Working capital 14,890,474 271,543 832,593 2,530,760 2,766,875 8,488,703
Investment 7,662,909 30,414 7,589 15,135 225,659 7,384,112
Consumption 30,842,615 17,031 144,205 119,894 513,914 30,047,571
Interest receivable 685,734 251,395 35,826 8,246 6,034 384,233
Total 100,167,948 37,946,516 2,606,179 3,457,385 4,211,033 51,946,835
FINANCIAL LIABILITIES
Obligations due immediately 987,605 987,605 - - - -
Deposits from customers 78,196,910 22,457,975 5,462,113 2,436,735 7,344,737 40,495,350
Deposits from other banks 2,579,744 2,541,704 29,280 60 8,200 500
Borrowings 557,632 150,638 - - - 406,994
Accrued expenses 504,748 504,748 - - - -
Other liabilities 779,314 779,314 - - - -
Total 83,605,953 27,421,984 5,491,393 2,436,795 7,352,937 40,902,844
Maturity gap 16,561,995 10,524,532 (2,885,214) 1,020,590 (3,141,904) 11,043,991
Table of Information on Estimated Remaining Maturity of Financial Assets and Liabilities (Basic Only) in 2022
(in IDR million)
December 31, 2022
Description Carrying Less than 1 6 - 12 More than
1 - 3 months 3 - 6 months
value month months 12 months
FINANCIAL ASSETS
Cash 1,988,262 1,988,262 - - - -
Current accounts with Bank Indonesia 10,786,740 230,541 - - - 10,556,199
Current accounts with other banks 302,688 302,688 - - - -
Placements with Bank Indonesia and
6,913,175 6,306,518 606,657 - - -
other banks
Marketable securities
Amortized cost 14,740,661 725,515 852,948 2,367,794 2,627,302 8,167,102
Fair value through other
8,476,609 - - - - 8,476,609
comprehensive income
Marketable securities sold under
4,095,066 4,095,066 - - - -
repurchased agreement
Marketable securities purchased
7,822,847 7,440,160 - - 192,726 189,961
under resale agreement
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 263
Page 266
December 31, 2022
Description Carrying Less than 1 6 - 12 More than
1 - 3 months 3 - 6 months
value month months 12 months
Other receivable 286,147 286,147 - - - -
Loans and sharia financing
Working capital 10,174,698 474,092 591,709 1,027,046 1,904,233 6,177,618
Investment 6,371,172 35,082 2,414 7,284 32,541 6,293,851
Consumption 28,332,175 16,380 25,106 68,179 320,447 27,902,063
Interest receivable 646,125 25,795 48,418 9,901 4,495 557,516
Total 100,936,365 21,926,246 2,127,252 3,480,204 5,081,744 68,320,919
FINANCIAL LIABILITIES
Obligations due immediately 916,091 916,091 - - - -
Deposits from customers 81,767,383 11,214,472 16,200,878 1,699,788 10,878,340 41,773,905
Deposits from other banks 3,339,123 3,287,933 46,630 60 4,500 -
Borrowings 553,399 150,517 - - - 402,882
Accrued expenses 520,840 520,840 - - - -
Other liabilities 550,119 550,119 - - - -
Total 87,646,955 16,639,972 16,247,508 1,699,848 10,882,840 42,176,787
Maturity gap 13,289,410 5,286,274 (14,120,256) 1,780,356 (5,801,096) 26,144,132
Material Commitments Related Capital Expenditure Investment
To Capital Goods Investment
Investment in the form of capital expenditure is an activity of
During 2023, Bank Jatim will have no material commitments for spending funds used to buy a number of permanent assets or
investment in capital goods. Therefore, there is no information add fixed assets that are expected to provide future benefits.
regarding the name of the contracting party, the purpose of
the bond, the source of funds expected to fulfill the bonds, the
currency denominated and the steps the company plans to take to
hedge the risk of the relevant foreign currency position.
Types and Value of Investment
Capital Goods
Types and Investment of Capital Goods are presented in the following table.
Table of Types and Value of Investment Capital Goods
(in IDR million)
Type Value in 2023 Value in 2022
Land, buildings, and complementary facilities 1,124,400 1,124,105
Inventory 710,310 621,891
Vehicle 46,202 45,543
Total 1,880,912 1,791,539
PT Bank Pembangunan Daerah Jawa Timur Tbk
264 2023 Annual Report
Page 267
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Capital Goods Investment Purpose
Bank Jatim’s capital goods spending, among others, aims carried out in the IDR currency so that the bank does not have
to develop service office networks and supporting bank a risk of foreign exchange rates in capital goods expenditure
operations. All capital goods expenditure transactions are transactions
Commitment and Contingent
The bank has receivables and liabilities involving commitments and contigencies as follows
Table of commitment and contigent
(in IDR million)
Description 2023 2022
COMMITMENTS
Commitments receivables
IDR:
Purchase of spot and derivative - 156,070
Others - 1,974,389
- 2,130,459
Foreign exchange:
Purchase of spot and derivative - -
- -
COMMITMENTS LIABILITIES
IDR
Unused loan commitments granted to debtors 3,770,265 3,399,512
Total Commitment Liabilities, Net 3,770,265 1,269,053
CONTINGENTCIES
Contingent receivable
IDR:
Interest income on past due account 82,966 119,108
Others 13 13
Total contingent receivable 82,979 119,121
Contingent Liabilities
IDR:
Bank guarantee issued 653,383 973,063
Foreign Exchange:
Bank guarantee issued 46,191 46,703
Total Contingent Liabilities 699,574 1,019,766
Total Contingent liabilities, net 616,595 900,645
Total Commitment and contingencies liabilities, net 4,386,860 2,169,698
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 265
Page 268
Information and Material Facts After the Accountant’s Report Date
Until the end of this annual report, there is no description of important events after the date of the accountant’s report including its
impact on future business performance and risk
Business Prospects and Future Strategies in 2024
World Economic Outlook October 2023
Growth Projection by Region
WORLD
3.5
3.0 2.9
2022 2023 2024
(real GDP growth,
percent change)
UNITED STATES EURO AREA SUB-SAHARAN AFRICA
2.1 2.1 3.3 4.0 4.0
3.3
1.5
1.2
0.7
2022 2023 2024 2022 2023 2024 2022 2022 2022
LATIN AMERICA MIDDLE EAST EMERGING AND
AND THE CARIBBEAN AND CENTRAL ASIA DEVELOPING ASIA
5.2
4.1 5.6 4.5 4.8
2.3 2.3 3.4
2.0
2022 2023 2024 2022 2023 2024 2022 2022 2022
Source : IMF, World Economic Outlook, October 2023. IMF. #WEO
Note : Order of bars for each group indicates (left to right): 2022, 2023 projections, and 2024 projections.
According to the World Economic Oulook (IMF, October 2023), global economic growth in 2024 is expected to be at the
level of 2.9%, Latin Americ at 2.3%, Europe at 1.2%, Middle East Africa at 3.4%. Meanwhile, economic growth in developing
countries in Asia is projected to grow 4.8% in 2024. Global economic growth in 2024 is predicted to be supported by solid
Asian economies. China’s economic growth outlook is expected to slow, but India and a number of ASEAN countries are
predicted to be stronger.
PT Bank Pembangunan Daerah Jawa Timur Tbk
266 2023 Annual Report
Page 269
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
The solid economic outlook for Asia is shown by, among Indonesia’s economy is showing economic resilience and
others, Indonesia rising again to become an upper-middle a strong recovery amidst global challenges. Indonesia’s
income country, which shows the large potential for economic growth projection for 20224 is expected to be
consumption and investment. The high commitment to maintained at 5.2%. National stability is expected to be
structural reforms shown by a number of Asian countries maintained and it encourage public and business optimism
such as India, Indonesia, Thailand, and the Philippines is to continue economic activities and the positive trend
also expected to further accelerate the growth of the Asian of new job opening. In addition, improving the level of
region, and, in turn, the global economy. India’s economic public welfare will also be a driving factor for consumption
growth is expected solidly in 2024, the highest among G20 in 2024. Government consumption in 2024 is projected to
countries. India, which accounts for three-qaurters of South grow relatively high. The holding of simultaneous elections
Asia’s economic output, is expected by the IMF to growby and regional elections in 2024 is one of the pillars of the
6.1 percent this year and increase by 2024. growth of government consumption in 2024. Based on this
optimism, the government issued the basic medium-term
macroeconomic assumptions for 2024-2027 in the 2024
State Budget which is explained in the following table.
Table of Basic Medium Term Macroeconomic Assumptions for 2024-2027
Indicator 2027 2026 2025 2024
Economic Growth (% yoy) 5.7-6.4 5.6-6.3 5.5-6.0 5.2
Inflation (% yoy) 1.5-3.5 1.5-3.5 1.5-3.5 2.8
Exchange rates (IDR/USD) 14.600-15.000 14,700-15,100 14,800-15,200 15,000
SBN interest rates - 10 years (%) 6.73-7.5 6.73-7.5 6.3-7.5 6.7
Indonesian crude oil prices (US$/barell) 70-90 70-90 70-90 80
Lifting of crude oil (thousand barrel per day) 618-756 624-731 606-684 625
Lifting of natural gas (thousand barrel per day) 1.151-1.340 1.175-1.307 1.052-1.147 1.033
Source: 2024 State Revenue and Expenditure Budget Plan (RAPBN), Ministry of Finance
The capacity and development of the financial services sector in 2024 will still be influenced by global and national economic
sentiment. The estimated growth in credit performance for the financial services and banking sector in 2024 is as follows.
Table of Credit Performance Growth Projection
Institution Credit Projections
Bank Indonesia 10% - 12%
Source: Statement by the Governor of Bank Indonesia dated August 22, 2023
The future development of the banking industry faces a In addition, the development of fintech and digital financial
number of challenges and opportunities that can shape a integration become important factors in formulating the future
profound transformation in the way banks operate and interact of the banking industry. The adoption of digital payments,
with customers. One of the main trends in the use of digital peer-to-peer lending platforms, and app-based financial
technology that is continuously developing includes artificial services is getting more common. Banks are attempting to
intelligence (AI) data analytics, and blockchain technology. adapt to this trend by providing more digitally accessible
Banks are endeavoring to improve operational efficiency and banking services including online account opening, instant
provide a more personalized as well as convenient customer money transfers, and financial managements via mobile
experience by utilizing these technological innovations. A applications.
concrete example of this development can be seen in the
application of artificial intelligence in credit risk analysis. One of the government supports for banking transformation
Banks are applying AI algorithms to evaluate custormers’ is through the Financial Services Authority Regulation (POJK)
credit profile more accurately and quickly, enabling them to Number 12/PJOK/3.2021 concerning Commercial Banks
make smarter credit decisions. This is not only improves the that accomodate Digital Banks. Based on the POJK, Digital
credit approval process, but also reduces risks for banks. Banks are defined as banks that provide and carry out their
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 267
Page 270
main business activities through electronic channels with 3. Positive climate of sustainable economic growth in East
limited offices or without physical offices other than the Java.
head office. One example of an existing Digital Bank is DBS 4. There are still a lot of market opportunities originating from
Bank, based in Singapore, which has become a leader in the the regional government and private ecosystems.
digital transformation of banking in Asia. They offer a veriety 5. There is still a large potential for Bank Jatim’s market share,
of digital services, including online account opening, app- especially for civil servants (PNS).
based banking services, and the lastest security technology. 6. Regional-based economic development programs in East
DBS is also active in developing financial innovations, such as Java Province.
the use of blockchain technology. Additionally, Ally Bank in 7. The utilization of artificial intelligence (AI) and new
the United States is an example of a successful international technology to improve operational efficiency and customer
digital bank. Ally Bank completely operates online with experience.
no physical branch offices. They offer a variety of banking
products for example savings, deposits, and loans focusing Not only conducting SWOC Analysis, but Bank Jatim also
on easy customer experiences, competitive interest rates, carries out Internal Factors Analysis Strategy (IFAS) and
and no incremental costs. External Factors Analysis Strategy (EFAS) Matrix Analysis in
formulating business development strategies. The description
The importance of sustainability becomes a key aspect in of the bank business development strategy formulation in
the development of the banking industry in the future. Banks 2024 is presented as follows:
are increasingly focusing on sustainable finance initiatives 1. Loan/financing distribution activities, especially to
including financing environtmentally friendly projects and productive and potential economic sectors which are
developing financial products that promote corporate balanced with the development and improvement of
social responsibility. Overall, the future development of facilities and infrastructure that support business activities
the banking industry reflects deep changes in business (improving regulations and supporting technology) by
paradigms. Technology and innovation play a central role paying attention to prudential banking principles.
in providing more efficient, faster, and relevant services 2. The utilization of strategic projects in order to encourage
to customers while still paying attention to the aspects of economic growth and improve business performance
sustainability and social responsibility. through the distribution of productive loan to strategic
sectors and UMKM especially in East Java Province.
Considering this, Bank Jatim conducted a competitive 3. The optimization and improvement of information
analysis through Strengths, Weaknesses, Opportunities, technology-based products and services by paying
Challenges (SWOC) Analysis. Factors considered as the attention to prudential banking and security principles.
internal advantages of Bank Jatim are presented as follows: 4. Expanding and deepening the market in order to improve
1. Adequate digital banking technology infrastructure to business and achieve financial inclusion through improving
compete with the industry. services and optimizing the role of the network including
2. Synergy with a variety of parties, such as fintech, regional Laku Pandai agents.
government, and other related parties. 5. Increasing profitability through leveraging the CASA ratio,
3. Diverse financial product and service offerings for various improving credit quality, providing sustainable devisa
customer segments. financial services, and developing other digital-based and
4. Have good relationships and synergy with shareholders , customer-oriented products.
especially the Provincial Government and Regency/City 6. Expanding and improving cooperation with various parties
Government. in order to increase business in the fields of funds and
credit/financing.
By utilizing its internal advantages, Bank Jatim is optimistic 7. Maintaining good relationships with customers, especially
that it will have good prospects in the future. The opportunities shareholders such as providing full support for government
for Bank Jatim in 2024 are as follows: programs and playing an active role in strategic projects,
1. Shifting people’s behavior in using banking technology . particularly in East Java Province.
2. Demographic landscape of the millenial populations who 8. Increasing digital-based services and building an
are active users of the internet and e-commerce, as well as ecosystem as well as supporting facilities both with the
the potential for the digital economy and finance. Regional Government and the private sectors with the aim
of accelerating Bank Jatim’s performances.
PT Bank Pembangunan Daerah Jawa Timur Tbk
268 2023 Annual Report
Page 271
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Achievement of Targets and Future Targets
Target Achievement Comparison of Financial Target and Realization
In general, Bank Jatim’s target achievement in 2023 has shown
good results . Descriptions related to comparisons of financial Comparison of financial targets and realization in 2023 is as
targets and realization, capital structure, marketing and HR follows.
development are presented as follows.
Table of Comparison Bank Business Plans and Financial Realization in 2023
(in IDR million)
Description Realization 2023 Target 2023 Achievement
1 2 3 4=2/3
FINANCIAL POSITION
Asset 103,854,773 106,827,245 97.22%
Loans 54,760,903 54,738,950 100.04%
Third-party funds 78,196,910 90,406,639 86.49%
Current Account 20,926,362 25,606,820 81.72%
Savings 28,815,896 28,460,999 101.25%
Time deposit 28,454,652 36,338,820 78.30%
PROFIT AND LOSS AND OTHER COMPREHENSIVE INCOME
Interest income 7,357,284 7,044,434 104.44%
Other operating income 648,420 1,786,030 36.31%
Current year profit 1,470,105 1,648,908 89.16%
FINANCIAL RATIOS (%)
Capital Adequacy Ratio (CAR) 25.71 21.74 118.26%
Non-Performing Loans (NPL) Gross 2.49 2.50 99.60%
Return on Assets (R O A) 1.87 2.19 85.39%
Return on Equity (R O E) 13.96 15.91 87.74%
Net Interest Margin (NIM) 5.57 5.74 97.04%
Operating Costs Operating Income (BOPO) 77.27 72 107.32%
Loan to Deposit Ratio (LDR) 70.03 60.55 115.66%
Total assets reached 97.22% with realization in 2023 of IDR CAR ratio in 2023 will be 25.71%, with a target achievement of
103.85 trillion, slightly below the target due to a decrease in 118.26%. By distributing credit that adheres to the principle of
deposits. The credit provided reached 100.04% with a realization prudence (prudential banking practices) as well as strengthening
of IDR 54.76 trillion in 2023. Third party funds realized IDR 78.19 risk management and implementing an NPL reduction strategy
trillion in 2023 with an achievement of 86.49%, this is in line with in 2023, Bank Jatim’s gross NPL can be maintained at the level of
the decline in deposits. However, third party funds from savings 2.49% or lower than the target of 2, 50%.
managed to exceed the target by reaching 101.25%
In the future, Bank Jatim will continue to implement the strategies
In terms of income, the achievement of interest income is that have been determined, and is committed to being able to
104.44% with realization in 2023 of IDR 7.36 trillion. The profit play an active role in the BPD transformation program which has
achievement for the current year in 2023 is 89.16% with the high resilience and competitiveness while continuing to act as
realization of IDR 1.45 trillion which is below the target, This was an agent of development in the region through inclusive and
due to an increase in interest expenses resulting from an increase sustainable growth.
in CASA.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 269
Page 272
Comparison of Target and Realization of Capital Structure
Bank Jatim’s capital has resilience in facing various changes bank capital management strategies implemented in 2023
in the business environment in 2023, this is marked by the include increasing bank capital through bank profits, increasing
achievement of the total core capital and supplementary capital through general reserves from undivided profits,
capital target of 106.21% with realization in 2023 amounting increasing capital through asset revaluation and optimizing
to IDR11.54 trillion. In order to maintain and strengthen capital, RWA.
Table of Comparison of Target and Realization of Capital Structure in 2023
(in IDR million)
Description Realization 2023 Target 2023 Achievement
1 2 3 4=2/3
Main core capital (CET 1) 11,025,184 10,361,423 106.41%
Complementary capital ( Tier 2) 516,010 504,996 102.18%
Total Core Capital and Supplementary Capital 11,541,194 10,866,419 106.21%
Comparison of Marketing Target and Realization
A description of the comparison of marketing targets and realization is presented as follows.
Table of Comparison of Marketing Targets and Realization in 2023
Description Target Realization in 2023
Pursue (One Account One Student) A total of 51,402 student accounts have been opened for SimPel and SimPel iB
Thematic DPK Promo Program. DPK promo programs have been held such as Gen 1 Like Cycle, Gen 2 Like Cycle, Cash Pro, Love
Cycle, Ramadhan Cycle, Yes Fresh Fund Promo and Top Up.
Simpeda and Cycle Savings Lottery . The sweeptakes of cycle savings was held in August while the sweeptakes of Simpeda savings in
December.
Event Sponsorship Collaboration in the Bank Several events of sponsorship collaborations have been carried out including:
Jatim working area. - Sponsorship for Blissfull Ramadhan activities to increase Bank Jatim brand awareness.
- Collaboration with the East Java Provincial Transportation Service for the branding of Bank Jatim
on the TransJatim bus fleet (10 buses) on the Sidoarjo > Gresik > Surabaya route.
- Sponsorship for Ramadhan Megilan Vol 2 2023 activities to increase Bank Jatim brand awareness.
- Sponsorship of Silaturahmi and Golf activities with BMPD in Java to increase Bank Jatim brand
awareness.
- Sponsorship of Maddendang Cultural Festival activities to increase Bank Jatim brand awareness.
The optimization of QRIS implementation. - Transaction Promo Program for Bank Jatim’s QRIS merchants at hotels in the Surabaya area (The
Alana, Kampi, and Deka Hotel) as well as the event sponsorship.
- Culinary Branding at the Culinary Tourism Center Jl Karang Bulak/Pinghay (Next to BRI Tower).
Financial Inclusion Month promo program. The 2023 Financial Inclusion Month (BIK) activities were carried out simultaneously by the OJK in the
fourth quarter, precisely in October 2023. Additionally, the promotion of the BIK program was also
carried out at every Bank Jatim activity (road to BIK).
Go-Speed Current Account Promo Program. A Current Account promo program has been carried out starting from November 2023 and funds with
a total of IDR128,500 billion have been collected in the corporate sector which is kept in the form of
Current Account savings for a period of 1 (one) month and 3 (three) months.
Collaborating with banking institutions/ Several MOUs and collaborations with partners/entities/other companies have been conducted in
entities/ other companies. which 28 MOUs and 92 Head Office PKS and 79 Branch PKS have been resulted during 2023.
PT Bank Pembangunan Daerah Jawa Timur Tbk
270 2023 Annual Report
Page 273
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Description Target Realization in 2023
The development of the State Revenue The preparation of internal and external resources as well as system integration in the context of
System for Collecting Agent (Bank implementing the Core Tax Administration System (CTAS) and the mechanism for checking the status
Jatim) version 3.0 in relation with the of State Revenue Module (MPN) transactions.
implementation of CTAS.
The integration of the Siskeudes Village The implementation of Non-Cash Transactions (TNT) in several villages in East Java.
Financial System with the Ministry of Home
Affairs.
Accelerating the activation of non-cash Optimizing the use of CMS and developing the VA Dashboard in order to provide easy and quick
transactions through the use of Cash monitoring of CMS use by the PKN Directorate, DJPb Regional Office, KPPN, and the Ministry/
Management System (CMS) facilities by the Agency Headquarters.
APBN Management Working Unit.
The implementation of Digital Population Bank Jatim is the first in Indonesia, the first BPD implementing the use of Digital KTPs.
Identity (IKD) for Banking in collaboration with
the Directorate General of Population and Civil
Registration, Ministry of Home Affairs.
Comparison of Targets and Realization
of Hr Development
The achievement of education and training (Diklat) costs was to IDR38,865 billion in 2023. This increase is also reflected in
realized at 54.33%, which was below the target. However, the budget absorption reaching 54.33% in 2023. This is partly
if we look at the realization of the education and training driven by the increasing implementation of education and
budget in 2023, there has been a significant increase, training activities held both online and offline to support the
namely an increase of 63.06% from IDR23,834 billion in 2022 Bank’s business activities
Table of Comparison of Targets and Realization of Human Resource Development in 2023
(in Full Rupiah)
Description Realization 2023 Target 2023 Achievement
1 2 3 4=2/3
Education and training costs (Training) 38,865,797,580 71,535,425,000 54.33%
Future Target (Projection)
East Bank Management has prepared a Bank Business Plan for 2024 taking into account current economic conditions and economic
projections for 2024 , both from a macro and micro perspective.
Table of Assumptions in Preparing Projections
Indicator 2024
Economic Growth (% yoy) 5.2
Inflation (% yoy) 2.8
Exchange Rate (IDR/USD) 15,000
10 Year SBN Interest Rate (%) 6.7
Indonesian Crude Oil Price (US$/barrel) 80
Lifting (thousand barrels per day) 625
Lifting (thousand barrels of oil equivalent per day) 1,033
Source: 2024 State Revenue and Expenditure Budget Plan (RAPBN), Ministry of Finance
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 271
Page 274
Financial Projections
Description of financial projections in 2024 is presented as follows:
Table of 2024 Financial Projection
(in IDR million)
Description Projection 2024
1 2
FINANCIAL POSITION
Asset 117,292,667
Loans 66,831,046
Third-party funds 100,308,905
Current account 29,431,571
Savings 33,872,755
Time deposit 37,004,578
Loans received 536,020
PROFIT AND LOSS AND OTHER COMPREHENSIVE INCOME
Interest income 7,814,118
Other operating income 1,682,001
Current year profit 2,241,019
FINANCIAL RATIOS (%)
Capital Adequacy Ratio (CAR) 23.54
Non-Performing Loans (NPL) Gross 2.40
Return on Assets (ROA) 1.99
Return on Equity (ROE) 14.70
Net Interest Margin (NIM) 5.79
Operating Costs Operating Income (BOPO) 75.82
Loan to Deposit Ratio (LDR) 66.63
Capital Structure Projections
A description of the projected capital structure in 2024 is presented as follows:
Table of capital structure projection for 2024
(in IDR million)
Description Projection 2024
1 2
Main core capital (CET 1) 11,243,084
Complementary capital ( Tier 2) 557,711
Total Core Capital and Supplementary Capital 11,800,795
PT Bank Pembangunan Daerah Jawa Timur Tbk
272 2023 Annual Report
Page 275
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Dividend Policy Projections
Description of the projected dividend policy for the 2023 financial year which will be distributed in 2024 is presented as follows:
Table of Dividend Policy Projection
(in IDR million)
Description Projection
1 2
Estimated Net Profit for 2023 1,470,105
Estimated Total Dividends distributed 816,693
Estimated Dividends obtained by the Provincial Government (Pemprov) of East Java 417,547
Dividend Payout Ratio (%) 54,39%
* Notes:
For the estimated distribution of dividends for the 2023 financial year which will be distributed in 2024, after obtaining approval from the East Java Provincial Government as
Controlling Shareholder (PSP).
Marketing Projections
In 2024 Banks prepared marketing projections as follows: 13. The development and utilization of the payment ecosystem.
1. Event Promo Program (Jatim Prioritas Community, Anniversary). 14. The development of web-based Regional Financial
2. Like-Like Cycle. Electronification.
3. Collaboration in Financial Services in the Retail and 15. The initiation of centralization of Regional Public Service
Individual Segments through QRIS. Agencies (BLUD) fund management agreements, with Bank
4. Implementing the Joint Commitment among the Governor Jatim’s financial service facilities (both in the form of offline
of East Java, OJK and Bank Jatim regarding the KEJAR services and Bank Jatim’s digitalization program).
(one student, one account) program.
5. Opening of Savings Accounts for students in East Java with HR Development Projections
initial deposit stimulation targeting approximately 50,000
accounts. An HR development strategy is a plan regarding how the
6. Simple Day activities, financial literacy and inclusion, quality of human resources can develop in a better direction
collaboration with government and OJK programs, and and increase their work capabilities. An HR development
collaboration with school programs including Bank Mini. strategy can run well if it is accompanied by a carefully planned
7. QRIS merchant acquisition program, targeting modern HR development program. So it is hoped that it will be able to
market traders, malls, and traditional traders. help achieve the goal of producing quality human resources.
8. Bank Jatim QRIS merchant branding and promo program. One of the HR development programs is holding training
9. Thematic DPK promo program. programs for employees.
10. The participation in OJK Financial Inclusion Month
activities. Bank Jatim develops quality human resources in 2023 through
11. The participation in event sponsorship in the Bank Jatim education and training programs. There are several types of
working area. HR training that can be carried out, including skills training ,
12. Bank Jatim Savings Sweeptakes Program. retraining or retraining, team training , creativity training and
others. In 2024, the projected human resource development
for all employees is 5,242 people.
Table of HR Development Projection for 2024
(in People)
Description 2024 Projections
1 2
Training for organic employees 5,242
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 273
Page 276
Policies, Announcements and Payment of Dividend
Dividend Policy
The dividend policy is prepared to ensure that all Shareholders c. Bank Health Level.
receive their rights and equal treatment for dividends d. Bank financial condition.
distributed by the Bank in accordance with the principles of e. Profit growth expectations.
good governance and applicable regulations while still taking f. Considering the Bank’s capital needs in the future.
into account the interests of the Bank. Based on the distribution g. Bank development/growth plans and strategies.
mechanism, dividends are divided into 2 (two), namely final h. Bank business sustainability.
dividends and interim dividends. The number of dividends i. Market conditions.
distributed is linked to the Bank’s profit in the financial year j. Shareholder Interests.
concerned, without ignoring the Bank’s profit level and reducing k. Compliance with relevant and applicable regulations.
the rights of the Company’s General Meeting of Shareholders l. Banks can only distribute dividends if the Bank has a positive
to determine other things/aspects in accordance with the profit balance, after taking into account the reserves that
provisions of the Bank’s Articles of Association. The dividend must be established as required by the Incorporated
distribution plan must be included in the Bank’s Business Plan Company (Perseroan Terbatas) Law.
submitted to the Financial Services Authority.
In the event that the Bank experiences problems as explained
It is possible for banks to distribute dividends of at least 50% in the points above and/or experiences financial performance
(fifty percent) of the current year’s net profit which can be conditions that require special treatment, the Bank may:
distributed in the form of cash dividends taking into account: a. Proposing to the RUPS to postpone dividend payments;
a. The achievement of Bank financial performance. b. Stopping the payment of approved dividends;
b. The Bank’s Capital Adequacy Ratio (KPMM) level after c. Stopping the payment of dividends in installments or
distribution of dividends and other investment projects stopping the payment of dividends gradually; and/or
that require significant capital, is not less than the ratio d. Withdrawing dividend payments to Controlling
provisions determined by the Bank and/or regulatory Shareholders, in the event that the Bank experiences
provisions from time to time. financial performance problems.
Announcement and Payment of Dividend
Based on the AGMS Decision, PT Bank Pembangunan Daerah Jawa Timur Tbk carried out the announcement and payment of
dividends as in the following table.
Table of Dividend Announcement and Payment Table
Description Fiscal Year 2022 Fiscal Year 2021 2020 Fiscal Year 2019 Fiscal Year 2018 Fiscal Year
Net Profit (IDR) 1,542,824,394,640 1,523,069,838,418 1,488,961,630,120 1,376,505,140,913 1,260,308,411,500
Dividends (IDRIDR) 797,172,793,173.38 782,457,605,053.02 733,507,081,305.70 723,747,007,552.40 683,865,985,709.02
Non-Cash Dividends *) - - - - -
Dividend Per Share (IDR) 53.09 52.11 48.85 48.20 45.61
Non-Cash Dividend Per
- - - - -
Share *)
Total Shares 15,015,498,082 15,015,498,082 15,015,498,082 15,015,498,082 14,978,134,982
Dividend Payout Ratio (%) 51.67% 51.37% 49.26% 52.58% 54.26%
Announcement Date March 3, 2023 March 29, 2022 May 5, 2021 May 5, 2020 May 9, 2019
Payment date May 12, 2023 April 14, 2022 May 28, 2021 May 20, 2020 May 29, 2019
Non-Cash Dividend Payment
- - - - -
Date *)
*) Bank Jatim does not have non-cash dividends
PT Bank Pembangunan Daerah Jawa Timur Tbk
274 2023 Annual Report
Page 277
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Announcement and Payment of Dividend Information on Material Transactions
for Fiscal Year 2022 Containing Conflicts of Interest and/or
Transactions With Affiliated Parties
On April 12, 2023 Bank Jatim held an AGMS which approved
and determined the use of Bank Jatim’s net profit for the Material Transactions are any transactions carried out by
financial year ending December 31, 2022 amounting to a public company or controlled company that meet the
IDR1,542,824,394,640.00 as follows: transaction value limit equal to 20% (twenty percent) or more
1. An amount of IDR797,172,793,173.38 or 51.67% of Bank of the Public Company’s equity (Financial Services Authority
Jatim’s net profit for the 2022 financial year was distributed Regulation Number 17/POJK.04/2020 concerning Material
as cash dividends to shareholders registered in the Transactions and Changes in Business Activities).
Company’s Register of Shareholders as of May 2, 2023
which will be paid on May 12, 2023. Conflict of Interest Transactions
2. A total of IDR745,651,601,466.62, 48.33% of Bank Jatim’s
net profit for the 2022 financial year is designated as In accordance with the provisions in the Financial Services
General Reserves. Authority Regulation Number 42/POJK.04/2020 concerning
Affiliate Transactions and Conflict of Interest Transactions, a
Announcement and Payment of Dividend Conflict of Interest is the difference between the economic
for Fiscal Year 2021 interests of a public company and the personal economic
interests of members of the board of directors, members
On March 17, 2022 Bank Jatim held an AGMS which of the board of commissioners, major shareholders, or
approved and determined the use of Bank Jatim’s net profit controllers who can be detrimental to the listed company
for the financial year ending 31 December 2021 amounting to in question.
IDR1,523,069,838,418.00 as follows:
1. In the amount of IDR782,457,605,053.02 or 51.37 % of Bank One effort to avoid conflicts of interest is that all parties,
Jatim’s net profit for the 20 21 financial year distributed as both employees and company leaders, must comply with the
cash dividends to shareholders registered in the Company’s established code of ethics and avoid activities that could cause
Register of Shareholders as of March 29, 2022 which will be a conflict of interest.
paid on the April 14, 2022.
2. Amounting to IDR740,612,233,364.98, a total of 48.63 During 2023 there will be no transactions that meet the
% of Bank Jatim’s net profit for the 20-21 financial year is category of conflict of interest transactions.
designated as General Reserves.
Transaksi Afiliasi
Realization of Use of Public Based on the provisions of Financial Services Authority
Offering Proceeds Regulation Number 42/POJK.04/2020 concerning Affiliate
Transactions and Conflict of Interest Transactions, Affiliates are:
The last public offering was carried out in 2012 and the use of a. Family relationships due to marriage and descent up to the
proceeds from the public offering was in accordance with plan. second degree, both horizontally and vertically;
So that 2023 is not a reporting period for the use of public b. The relationship between the party and the employee,
offering proceeds, Bank Jatim has no obligation to submit a director or commissioner of that party;
report on the realization of the use of public offering proceeds. c. Relationship between 2 (two) Companies where there are 1
(one) or more members of the same Board of Directors or
Board of Commissioners;
Material Information Regarding d. Relationship between the Company and the Party, whether
Investment, Expansion, Divestment, directly or indirectly, controlling or controlled by the
Merger/Consolation Businesses, company;
Acquisitions, Debt / Capital e. Relationship between 2 (two) companies controlled, either
Restructuring directly or indirectly, by the same party; or
f. Relationship between the Company and Major
Throughout 2023 , Bank Jatim did not carry out investment, Shareholders.
expansion, divestment, business merger/consolidation,
acquisition and debt/capital restructuring activities .
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 275
Page 278
Furthermore, Affiliate transactions are any activity and/or a) Has control or joint control over the reporting entity;
transaction carried out by a public company or controlled b) Has significant influence over the reporting entity; or
company with an Affiliate of a public company or an Affiliate c) A member of the key management personnel of the
of a Member of the Board of Directors, Member of the Board reporting entity or of a parent of the reporting entity.
of Commissioners, Major Shareholder or Controller, including ii. An entity is related to the reporting entity if any of the
any activity and/or transaction carried out by Public Company following conditions applies:
or Controlled Company for the benefit of Affiliates of Public a) The entity and the reporting entity are members of the
Companies or Affiliates of members of the Board of Directors, same Bank and its subsidiaries (which means that each
Members of the Board of Commissioners, Major Shareholders, parent, subsidiary and fellow subsidiary is related to the
or Controllers. others);
b) One entity is an associate or joint venture of the other
Transactions with affiliated parties have potential risks, namely entity (or an associate or joint venture of a member of
the risk of misuse by parties which may be detrimental to the a Bank and its subsidiaries of which the other entity is a
Bank. Therefore, Bank Affiliated Parties are prohibited from member);
using the Bank for personal, family and/or other party interests c) Both entities are joint ventures of the same third party;
which may harm or reduce the Bank’s profits. d) One entity is a joint venture of a third entity and the
other entity is an associate of the third entity;
During 2023 there were none transactions that meet the e) The entity is a post-employment benefit plan for the
category of affiliated party transactions. benefit of employees of either the reporting entity, or
an entity related to the reporting entity;
Related Party Transactions f) The entity is controlled or jointly controlled by a person
identified in (i);
In the normal course of its business, the Bank enters into g) A person identified in (i). (a) has a significant influence
transactions with related parties which are defined under over the entity or is a member of the key management
PSAK 7 (Revised 2015), “Related Party Disclosures”. The personnel of the entity (or a prent of the entity); or
meaning of a related party is a person or entity that is related h) The entity or any members of a Bank and its subsidiaries
to a reporting entity as follow: of which it is a part, provides key management
i. A person or a close member of that person’s family is personnerl service to the reporting entity or to the
related to a reporting entity if that person: parent of the reporting entity
Name of the Transacting Party and Nature of the Relationship
Description of the name of the transacting party and the nature of the relationship is presented as follows:
Table of Names of Parties and Nature of Related Transaction Relationships
Related Parties Nature of Relationship Nature of the Transaction
Government of East Java Province Shareholder Fund Placement
Government of Surabaya City Shareholder Fund Placement
Government of Malang Regency Shareholder Fund Placement
Government of Jember Regency Shareholder Fund Placement
Government of Pasuruan City Shareholder Fund Placement
Government of Banyuwangi Regency Shareholder Fund Placement
Government of Probolinggo Regency Shareholder Fund Placement
Government of Bondowoso Regency Shareholder Fund Placement
Government of Sidoarjo Regency Shareholder Fund Placement
Government of Tuban Regency Shareholder Fund Placement
Government of Situbondo Regency Shareholder Fund Placement
PT Bank Pembangunan Daerah Jawa Timur Tbk
276 2023 Annual Report
Page 279
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Related Parties Nature of Relationship Nature of the Transaction
Government of Kediri Regency Shareholder Fund Placement
Government of Lumajang Regency Shareholder Fund Placement
Government of Lamongan Regency Shareholder Fund Placement
Government of Nganjuk Regency Shareholder Fund Placement
Government of Mojokerto Regency Shareholder Fund Placement
Government of Sampang Regency Shareholder Fund Placement
Government of Malang City Shareholder Fund Placement
Government of Pasuruan Regency Shareholder Fund Placement
Government of Bangkalan Regency Shareholder Fund Placement
Government of Gresik Regency Shareholder Fund Placement
Government of Mojokerto City Shareholder Fund Placement
Government of Pacitan Regency Shareholder Fund Placement
Government of Batu City Shareholder Fund Placement
Government of Ngawi Regency Shareholder Fund Placement
Government of Jombang Regency Shareholder Fund Placement
Government of Madiun Regency Shareholder Fund Placement
Government of Pamekasan Regency Shareholder Fund Placement
Government of Tulungagung Regency Shareholder Fund Placement
Government of Blitar Regency Shareholder Fund Placement
Government of Ponorogo Regency Shareholder Fund Placement
Government of Trenggalek Regency Shareholder Fund Placement
Government of Magetan Regency Shareholder Fund Placement
Government of Bojonegoro Regency Shareholder Fund Placement
Government of Probolinggo City Shareholder Fund Placement
Government of Blitar City Shareholder Fund Placement
Government of Madiun City Shareholder Fund Placement
Government of Kediri City Shareholder Fund Placement
Government of Sumenep Regency Shareholder Fund Placement
Government of Bojonegoro Regency Shareholder Fund Placement
Government of Lamongan Regency Shareholder Fund Placement
Government of Sumenep Regency Shareholder Fund Placement
PT Bank Perkreditan Rakyat Jawa Timur Owened by the same final Shareholder Loans, Fund Placement
Dewan Komisaris, Direksi dan Pejabat Eksekutif Key employees Customer Savings, Expenses Labor
RKUD Kabupaten Lamongan Owened by the same final Shareholder Loans, Fund Placement
Pemda Kabupaten Lamongan Owened by the same final Shareholder Loans, Fund Placement
Fairness and Reasons for the Transaction
In normal business activities, Bank Jatim carries out transactions with related parties due to ownership and/or management
relationships. All transactions with related parties have been carried out with mutually agreed policies and conditions and comply
with the arm’s length principle . Related party transactions occur because of Bank Jatim’s business needs.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 277
Page 280
Realization of Related Party Transactions
Balance of productive assets, savings, loans received and commitments and contingencies from parties
related are as follows:
Table of Realization of Related Party Transactions
(in IDR million)
Description 2023 2022
ASSET
loan provided and sharia financing (Note 12)
Key management loans 100,611 104,192
Rek Kas Umum Daerah Lamongan 30,914 24,851
Pemda Kab Lamongan 46,220 -
Etc 7,103 5,828
Total 184,848 134,871
Percentage of Total assets 0.18% 0.13%
LIABILITIES
Deposits from customers (Note 18) 12,644,538 15,295,405
Percentage of Total liabilities 14.15% 17.05%
Deposits from other banks (Note 19) - -
PT BPR East Java 12,648,302 141,996
Total 12,648,302 141,996
Percentage of Total liabilities 14.16% 0.16%
PROFIT & LOSS AND OTHER COMPREHENSIVE INCOME
Interest income (Note 30) 13,968 8,052
Percentage of total interest and sharia income 0.19% 0.12%
Interest and sharia expenses 459,124 471,882
Percentage of total interest and sharia expenses 19.82% 24.01%
COMMITMENTS AND CONTINGENCIES
There are no balances of commitments and contingencies to related parties for the years
- -
ended December 31 2023 and 2022
KEY MANAGEMENT COMPENSATION
Compensation for key Bank management personnel (excluding Commissioners and Directors)
Wages 17,656 22,995
Production service 12,009 12,053
Allowance 7,458 10,520
Total 37,123 45,569
Details of the names of parties related to the realization (value) of related party transactions are presented in the notes to Financial
Report No. 40 attached to this Annual Report. These related transactions are business activities carried out in order to generate
business income and are carried out routinely, repeatedly and/or continuously.
Review Mechanism Policy on Transactions and Compliance With Related Regulations and Conditions
Transactions with related parties that are material or significant must first be reviewed by the Risk Monitoring Committee and
obtain approval from the Board of Commissioners. All transactions have gone through a review mechanism according to the type
of transaction and an analysis of the feasibility of the transaction has been carried out. Throughout 2023 there were no violations of
laws and regulations related to transactions with related parties. If transactions with related parties require shareholder approval, the
approval is carried out by shareholders who have no interest in the transaction.
PT Bank Pembangunan Daerah Jawa Timur Tbk
278 2023 Annual Report
Page 281
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Changes in Legal Regulations and Its Impact on Bank
Changes to several statutory regulations throughout 2023 and their impact on Bank Jatim are described in the following table
Table of Changes to Legislative Regulations in 2023
Adjustment
Impact on
No Legislation Setting Tree Information
Financial Reports
Which is conducted
1. Law Number 4 of This law regulates the financial sector ecosystem which includes: With the issuance of Does not have
2023 concerning a. Institutional; Law Number 4 of 2023, a significant
the Development b. Banking; especially amendments quantitative impact
and Strengthening c. Capital Market, Money Market, and Exchange Market; to Law Number 7 on Bank Jatim
of the Financial d. Insurance and guarantee; of 1992 concerning Financial Report.
Sector e. Joint Business Insurance; Banking as it has been
f. Policy guarantee program; amended several
g. Financing Services Business; times, most recently
h. Bullion business activities (bullion); with the Government
i. Pension Funds, old age security programs, and pension programs; Regulation in Lieu of
j. Cooperative activities in the sector of financial services; Law Number 2 of 2022
k. Microfinance institutions; concerning Job Creation
l. Financial Conglomeration; and the enactment of
m. Financial Sector Technology Innovation (ITSK); Government Regulation
n. The Implementation of Sustainable Finance; in Lieu of Law Number 2
o. Financial Literacy, Financial Inclusion, and Consumer Protection; of 2022 concerning Job
p. Access to financing for Micro, Small and Medium Enterprises; Creation to become Law
q. Human Resources; through Law Number
r. Financial System Stability; 6 of 2023, the Bank
s. Indonesian export financing institution; and made adjustments to the
t. Law enforcement in the financial sector Articles of Association of
PT Bank Pembangunan
Specifically in the banking sector, there are provisions regulated in Daerah Jawa Timur Tbk.
Law Number 7 of 1992 as amended several times, most recently by
Government Regulation in Lieu of Law Number 2 of 2022 concerning
Job Creation, including changes to provisions related to Commercial
Bank Business Activities, the application of the precautionary principle
and the application of the principle of Good Governance, and Bank
Confidentiality provisions.
2. Law Number 6 of This law regulates the stipulation of Government Regulation in Lieu With the issuance of Does not have
2023 concerning of Law Number 2 of 2022 concerning Job Creation. Specifically, for Law Number 6 of 2023, a significant
the Stipulation the banking sector, there are changes to the provisions regulated in especially amendments quantitative impact
of Government Law Number 7 of 1992 as has been amended several times, most to Law Number 7 on Bank Jatim’s
Regulations in Lieu recently with the Government Regulation in Lieu of Law Number 2 of 1992 concerning Financial Report.
of Law Number 2 of 2022 concerning Job Creation, including changes to provisions Banking as has been
of 2022 concerning related to the requirements for establishing a Commercial Bank. amended several
Job Creation into times, most recently
Law with Law Number 6
of 2023 concerning
the Determination of
Government Regulation
in Lieu of Law Number
2 of 2022 concerning
Job Creation Becoming
Law, the Bank made
adjustments to the
Articles of Association of
PT Bank Pembangunan
Daerah Jawa Timur Tbk
as per Deed Number 15
dated May 9, 2023.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 279
Page 282
Adjustment
Impact on
No Legislation Setting Tree Information
Financial Reports
Which is conducted
3. The Republic of POJK Number 17 of 2023 regulates several matters which are the With the issuance of Does not have
Indonesia Financial main points of regulation presented as follows: the POJK provisions, a significant
Services Authority a. Implementating the principles of Good Governance in the Bank, the Bank is gradually quantitative impact
Regulation which at least includes openness, accountability, responsibility, reviewing the Bank’s on Bank Jatim’s
Number 17 of 2023 independence and fairness, and at least is realized in the internal regulations Financial Report.
concerning the implementation of the duties, responsibilities and authority related to the
Implementation of the Board of Directors and Board of Commissioners, the implementation of
of Governance for completeness and implementation of committee duties, handling good governance at
Commercial Banks. conflicts of interests, the application of the compliance function, the Bank, including the
the application of the internal audit function, the application of the progress that has been
external audit function, the application of risk management, the made, one of which is
provision of remuneration, the provision of funds to related parties reviewing the working
and the provision of large funds, the integrity of reporting and conditions of the Board
information technology systems, Bank strategic plans, shareholder of Directors.
aspects, implementating the strategy of anti-fraud, implementing
sustainable finance, and implementing governance within the
bank business group.
b. In the POJK, apart from discussing the scope of the application of
Good Governance principles in banks, it also regulates the Board
of Directors, Board of Commissioners, Committees, Conflicts of
Interest, the Implementation of the Compliance Function, Internal
Audit Function, External Audit Function, the Implementation of Risk
Management, Providing Remuneration, application of principles
prudence in providing funds to related parties and providing large
funds, the integrity of reporting and information technology systems,
Bank strategic plans, Shareholder Aspects, the Implementation of
Anti-Fraud Strategy, the Implementation of Sustainable Finance,
Governance in Bank Business Groups, Governance Implementation
Reports and Assessment of the Implementation of Governance, the
Implementation of Good Governance in Banks for KCBLN.
4. POJK Number 8 of This POJK regulates PJK’s obligations in preventing funding for the With the issuance of Does not have
2023 concerning proliferation of weapons of mass destruction, regulations for the the POJK provisions, a significant
the Implementation imposition of effective, proportional and dissuasive sanctions, PJK’s the Bank is gradually quantitative impact
of Anti-Money obligations in submitting periodic Individual Risk Assessments to reviewing the Bank’s on Bank Jatim’s
Laundering OJK, requirements and procedures for PJK’s cooperation with third internal regulations Financial Report.
Programs, parties in the context of verification (face to face) and (non-face to face) related to AML,
Prevention of via electronic devices, improving the provisions of the compliance CFT and PPPSPM
Terrorism Financing, management function and carrying out independent internal audits, implementation policies.
and Prevention of pre-employee screening procedures, PJK’s obligation to submit data
Funding for the for supervision needs, as well as the arrangement of supporting
Proliferation of documents for the Indonesian Diaspora. Apart from this, simple
Weapons of Mass Customer Due Diligence (CDD) obligations are also regulated, CDD
Destruction in the towards Beneficial Owners towards all types of customers including
Financial Services public companies/issuers and state institutions, prohibitions on
Sector. outsourcing or agency relationships in Third Party CDD, increasing the
scope of Reporting Parties who are supervised by the OJK, namely the
Trustee, LPBBTI Organizer, SCF Organizer, and IKD Organizer as well
as adding Individual Companies as new entities in the Corporation.
Changes in Accounting Policies
Reasons for Changes in Accounting
Policies - Amendment to PSAK 1, “Presentation of Financial
Statements on the Classification of Liabilities as Short
The changes of Accounting policy is required to meet the Term or Long Term”, earlier application is permitted. The
Indonesian Financial Accounting Standards applied to the amendments determine the requirements for classifying
current year. liabilities as current or non-current.
- Amendment to PSAK 25, “Accounting Policies, Changes
Information on Changes in Accounting in Accounting Estimates and Errors”, earlier application
Policies is permitted. Amendments to PSAK 25 provide a new
definition of accounting estimates and explanations.
On January 1, 2023, there are new standards and adjustments - Amendment to PSAK 46, “Income Taxes” concerning
or amendments to several standards which are still valid and Deferred Taxes related to Assets and Liabilities arising
effective as of that date, namely as follows: from Single Transactions, earlier application is permitted.
PT Bank Pembangunan Daerah Jawa Timur Tbk
280 2023 Annual Report
Page 283
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
This amendment to PSAK 46 proposes that entities Bank Soundness Level
recognize deferred tax assets and liabilities at the time of
initial recognition, for example from lease transactions, The bank’s soundness level is assessed based on POJK. 4/
to eliminate differences in practice in the field for these POJK.03/2016 concerning Assessment of the Soundness Level
transactions and similar transactions. of Commercial Banks using a risk -based bank rating approach .
Bank health level assessments are carried out on bank risks and
Quantitative Impact of Changes performance which can be seen from the final ranking of the
in Accounting Policies on Financial assessment results.
Statements
Assessing the level of bank health using a risk approach
The implementation of these standards did not result in (risk based bank rating) which includes 4 (four) risk factors,
substantial changes to the Bank accounting policies and did namely:
not have a material impact on the financial statements in the 1. Risk Profile
current period or the previous year. 2. Good Corporate Governance (GCG)
3. Profitability ( Earnings )
4. Capital ( Capital )
Bank Jatim Health Level Table Position December 31, 2022-2023 (self assessment)
Rating Per Rating Per
Rating Factors
December 31, 2023 December 31, 2022
Risk Profile Rating 2 Rating 2
Good Corporate Governance (GCG) Rating 3 Rating 3
Profitability Rating 2 Rating 2
Capital Rating 2 Rating 2
Composite Rating Rating 2 (Healthy) Rating 2 (Healthy)
Business Continuity Information
Items That Have The Potential To Have Assessment of Items that Have a
a Significant Influence on Business Significant Influence on Business Continuity
Continuity
The Bank periodically evaluates matters relating to the Bank’s
The high geopolitical tension has been the only uncertainty business continuity in the future. This evaluation is reflected
factor foreseen to remain and to increase in the medium and in the Bank Health Level (TKB) composite score which is
the long runs. The second risk is the increasing frequency of classified as healthy even during the pandemic. Based on the
another pandemic to come likely to cause deep multidimension evaluation results, although there are several performance
crises. The third risk is the climate change issue threatening components that have not been achieved optimally, with the
citizens’ health, safety, finance, and prosperity. Another major accommodative targeted policies adopted by management,
risk is the digitalized technology as a factor to encourage the bank can mitigate risks that have a significant impact on
advancements, yet to cause disruptive risks towards the global financial performance throughout 2023.
economy. Nevertheless, competitive advantage, sustainable
innovation and transformation, and adaptive strategic policy Bank management has assessed the Bank’s ability to maintain its
implementation has helped reduce further pandemic impacts business continuity and believes that the Bank has the resources
for the Bank’s business performances reflected in the growth of to maintain its business in the future. In addition, management is
financial performance throughout 2023. not aware of any material uncertainties that could raise significant
doubts about the Bank’s ability to maintain its business.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 281
Page 284
d. The abovementioned clauses must be met at least in
Assumptions Used By Management in 183 days’ time over one-year tax period; and
Conducting the Assessment e. The requirement fulfilling processes are held by the
Public Company Taxpayers by reporting it to the
Several assumptions that are taken into consideration by the Directorate General of Taxation.
Bank when conducting an assessment of the Bank’s business
continuity include the following: As of the above clauses, Bank Jatim can receive 3% lower fare
1. The Bank’s health level includes an assessment of the risk than the original 22% applied in 2023 resulting in the 19% of
profile, profitability/earnings performance, capitalization and tax being paid according to the Income Tax Agency.
implementation of Good Corporate Governance (GCG).
2. Analysis of global, national and regional economic The approach of Bank Jatim towards taxation is heavily based
conditions. on the obedience of the entirely applied taxation regulations.
3. Competitiveness analysis which includes the Strength, Bank Jatim have created taxation strategies and policies
Weakness, Opportunities and Challenges (SWOC) matrix, approved and reviewed by the Director of Finance, Treasury
Segmentation, Targeting and Positioning (STP) analysis, and Global Services in reporting the Annual Tax Return of the
as well as analysis of the Bank’s position in facing business Income Tax Agency which is annually observed by the Director
competition. of Finance, Treasury and Global Services.
Bank Jatim has established structured, comprehensive
Taxation Aspects processes to manage and control taxes, such as:
1. Corporate Governance Agency (executive) responsible to
Governance Framework, Management apply taxation strategies is the Director of Finance, Teasury
and Control of Taxation Aspects and Global Services.
2. Taxation approaches applied in the company are done
As a resident taxpayer, the Bank Jatim is eligible to receive tax through the availability of Standard Operating Procedure of
remission issued by the government’s incentives in accordance Taxation, the development of application systems to cover
with the Regulation of the Ministry of Finance number 40, 2023 the taxation processes, and the enhancement of taxation
about Report Submission Forms and Procedures and Taxpayer awareness via trainings and socializations.
Lists in terms of fulfilling the requirements of Income Tax 3. Identifying, managing, and monitoring the risks of taxation
Reduction for a resident taxpayer in the form of Public Company. are done through sustainable monitoring and reconciliation
A resident taxpayer deserves to receive cost reductions worth by Taxation Groups and related work units.
3% by meeting the requirements according to the third Article:
1. In the form of Public Company The main stakeholders in the taxation is the government through
2. The whole amount of stock is sold in the Indonesian stock the tax office. Bank Jatim, therefore, has always strengthened
exchange at lowest of 40% relationships with the Taxation Authority. The Bank has stood
3. Meeting certain requirements: firmly on the obedience to the whole constitution regulations
a. Stocks must be possessed by at least 300 parties; issued by the Taxation Authority. Bank Jatim operates solely in
- The 300 shareholders below 5% are excluded. Indonesia which, therefore, issue its reports for Indonesia
- Public Company Taxpayers repurchase their stocks,
and/or
- Those with special relations are regulated in the Tax Payment Publication
Constitution of Income Tax with Public Company
Taxpayers Bank Jatim in its operational activities, it has implemented Good
b. Special relations for Public Company Taxpayers include: Corporate Governance which is carried out in a transparent
- Controlling Shareholders; and/or and accountable manner, especially in managing its tax rights
- Main Shareholders as regulated in the constitutions and obligations, its tax rights and obligations are carried out in
of capital market accordance with applicable regulations.
c. Each party is only allowed to possess less than 5% out
of the total stocks stored and fully deposited.
PT Bank Pembangunan Daerah Jawa Timur Tbk
282 2023 Annual Report
Page 285
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
Total tax payments for the period January to December 2023 and 2022 are presented as follows.
Table of Tax Payment
(in IDR million)
Description Tax Year 2023 Year 2022
Income Tax Article 21 173.259 136.726
Income Tax Article 23 5.775 5.144
Income Tax Article 25/29 Corporate 368.453 494.250
Income Tax Article 26 9.611 14.195
Income Tax Article 4 Paragraph 2 Final 135.935 142.884
Value Added Tax (VAT) 1.047 2.352
Stamp Duty Tax 5.793 7.082
Total 699.873 802.634
Response To Changes In Monetary Policy Direction
Throughout 2023, the global finance was filled with the high A number of risks, however, remained to watch in welcoming
global inflations, restrictions of monetary policies, and the high 2024, including the on-going geopolitical tensions, especially
tension of geopolitics. Conflicts between Russia and Ukraine with the rise of the conflicts between Israel and Palestine at the
are still taking place and economic sanctions were given to end of 2023. Economic slowdown happened in a number of
Russia. Uncertainty of economic fluctuations and the US debts countries, especially in Cina, which would have an impact on
worth USD 31 trillion reaching its limits in January causing the Indonesia’s export and import performances, Indonesia’s trade
debt ceiling to raise forced a default threat for the US to be balance and high monetary policy interest rates and bond yields
faced. Such fluctuations seemed even worse with the news in developed countries. Furthermore, Indonesia’s economic
from the collapsed Sillicon Valley Bank (SVB) in March shaking growth conditions were still optimistic, especially supported
the global market resulting in mllions of dollars of companies’ by household consumption and investment continuing to grow
and investors’ capitals to be seriously impacted, which was in line with public confidence and the continued completion
recorded as the biggest failures of American banking since of the National Strategic Project (PSN/NSP). It was estimated
the 2008 financial crisis and as of the second biggest one that Indonesia’s economic growth could still grow in the
ever in the history of the US. It led to the declines of investors’ range of 4.5% to 5.3% at the end of 2023, in accordance with
centainty towards the banking sector. the inflation rate which was still undercontol based on Bank
Indonesia’s target in the range of 2% to 4 % in 2023.
Labor market tightness in the US and Europe pushed inflation
higher, forcing the US central bank to tighten interest in rates It is foreseeable that in 2024 The Fed will open the chance for
in April where the Fed raised its benchmark interest rate to an interest rate cut in the second half of 2024 by 50 basis points.
5.25% and triggered the interest rate policy to change in other Bank Indonesia will respond by signaling a BI rate cut in the
countries including Indonesia. Bank Indonesia’s benchmark second half of 2024 by looking at the potential for maintaining
interest rate (BI rate) has reached its highest level in the last 4 to Indonesia’s inflation rate followed by the decision to set the
5 years. Throughout 2023, Bank Indonesia raised its benchmark Bank Indonesia’s inflation target in 2024 at an optmistic 1.5%
interest rate twice by 50 basis points to 6% level. It closed the to 3.5%.
year of 2023 by maintaining the benchmark interest rate at
this level at Bank Indonesia Board of Governor’s Meeting on Banking liquidity conditions in 2023 were still considered
December 20 and 21, 2023. Despite Indonesia’s manageable adequate and supported by the Macroprudential Liquidity
inflation, the increase of the interest rate was to maintain (KLM / ML) incentive policy to encourage credit or financing
monetary stability by keeping potential foreign capital outflows growth. Liquidity maintenance was also supported by the
from the country at bay. existance Bank Indonesia Rupiah Securities (SRBI) which were
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 283
Page 286
traded in the secondary market to increase banking flexibility
in managing liquidity and support the maintenance of banking Provision of Funds to Related Parties
lending capacity. Other liquidity indicators such as the ratio of
Liquid Tools/Non Core Deposit (AL/NCD), Liquidity Coverage The portion of the Portfolio Providing Funds to Related Parties
Ratio (LCR), Net Stable Funding Ratio (NSFR) including the with the Bank as a whole, according to OJK regulations, is set
fulfillment of Statutory Reserves (GWM) and Macroprudential at a maximum of 10% (ten percent) of Bank Capital, where what
Liquidity Buffer (PLM) are maintained in an optimal range and is meant by related parties is:
in accordance with the limits set by the Regulator. 1. Individuals or companies who control the Bank;
2. Legal Entity in the case where the Bank acts as controller;
Bank Jatim responded to the upward trend in Bank Indonesia 3. The Company, in the case of an individual or company as
benchmark interest rates by adjusting deposit rates and intended in letter a, acts as the controller;
lending rates decided in the ALCO Meeting selectively and 4. Members of the Board of Directors, members of the Board
still paid attention to the bank’s performance targets 2023 of Commissioners, and Bank Executive Officers;
and supported by optimizing the increase in credit volume, 5. Parties who have horizontal or vertical family relationships:
maintenance of fund composition and Cost of Fund (COF), a. From individuals who control the Bank as intended in
increased revenue derived from fee-based income transactions letter a; And
and overall overhead cost efficiency. b. From members of the Board of Directors and/or
members of the Board of Commissioners at the Bank
Although the Base Rate Loan of Bank’s Rupiah Credit raised as referred to in letter d;
until the fourth quarter of 2023, the Bank’s Rupiah Credit rate 6. Members of the Board of Directors and/or members of
was 7.68% for Corporate Loans, Retail Loans was 8.22% and the Board of Commissioners in the company referred to in
Consumer Loans-Non-Mortgage was 9.58%, the Bank’s role as point 1, point 2, and/or point 3;
an intermediary institution to the community continued to be 7. Companies whose members of the Board of Directors and/
optomized so that credit growth was higher than the previous or members of the Board of Commissioners are members
year. Business innovation continues to be improved along with of the Board of Commissioners of the Bank;
system and procedure improvements to improve the quality of 8. Companies where 50% (fifty percent) or more of the members
the credit/financing performance business process. of the board of directors and/or members of the board of
commissioners are directors and/or commissioners of the
In accordance with the direction of Bank Indonesia’s policy company as referred to in point 1, point 2 and point 3;
mixture in 2024 regarding monetary poliicy which is focused 9. Companies that:
on stability, especially achieving inflation targets and rupiah a. Members of the Board of Directors, members of the
exchange rate stability, the Bank will also support policies Board of Commissioners, and/or Bank Executive
related to macroprudential, payment systems, deepening Officers as referred to in letter d act as controllers; And
money markets, forex markets, and inclusive financial b. Members of the Board of Directors and/or members
economic policies that are expected to support sustainable of the Board of Commissioners from the parties as
economic growth. referred to in point 1, point 2, and/or point 3 act as
controllers;
10. Collective Investment Contract where the Bank and/or
Maximum Limit For Providing Credit parties as referred to in letters a to letter I own 10% (ten
and Providing Large Funds percent) or more shares in the investment manager of the
collective investment contract;
Bank Jatim as a financial intermediation institution has guidance 11. Companies that have financial relationships with Banks
in running its business, one of which is related to providing and/or parties as referred to in points 1 to 10;
funds to related parties. Bank Jatim in providing funds to 12. The borrower is an individual or non-bank company that
related parties is subject to the Regulation of the Financial has a financial relationship through providing guarantees
Services Authority of the Republic of Indonesia Number 32/ to parties as intended in points 1 to 11;
POJK.03/2018 concerning the Maximum Limit for Providing 13. Borrowers who have financial relationships through guarantees
Credit (BMPK) and Provision of Large Funds for Commercial provided by parties as referred to in points 1 to 11;
Banks. The Maximum Limit for Providing Credit, hereinafter 14. Other banks that have financial relationships through
abbreviated to BMPK, is the maximum percentage of funds providing guarantees to parties as intended in points 1 to
provided against the Bank’s capital for providing funds to 11 in the event that there is a counter guarantee from the
related parties as well as against the core capital ( tier 1) of the Bank and/or parties as intended in points 1 to 11 to the
Bank for providing funds to other than related parties. other Bank; And
PT Bank Pembangunan Daerah Jawa Timur Tbk
284 2023 Annual Report
Page 287
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
15. Other companies in which there is an interest in the form of 2. Banks are obliged to determine the classification of
share ownership of 10% (ten percent) or more, independently Borrowers in a group of Borrowers in the event that
or jointly, of the parties as intended in point 5 . the Borrower has a controlling relationship with other
Borrowers through ownership, management and/or
In accordance with the explanation regarding related parties financial relationships,
above, the provision of credit to Directors and Commissioners is 3. Ownership, management and/or financial relationships as
also included in provision to Related Parties where the provision referred to in paragraph (1) include the following criteria:
of credit to Directors and Commissioners must obtain approval a. The Borrower is the controller of other Borrowers;
from the Board of Commissioners. Funding to Related Parties b. 1 (one) same party is the controller of several Borrowers;
has been regulated by the Financial Services Authority (OJK) c. 50% (fifty percent) of members of the Board of Directors
and Company regulations, namely the Bank Jatim Minimum and/or members of the Board of Commissioners of the
Credit Limit Policy. The provisions and procedures for granting Borrower become members of the Board of Directors
credit to the Board of Directors and Board of Commissioners and/or members of the Board of Commissioners of
apply the same as granting credit to prospective Bank Jatim other Borrowers;
debtors in general and are given fairly and in accordance with d. The Borrower has a financial relationship with another
market interest ( at arm’s length basis and at market rates ) while Borrower; and/or
still paying attention to the principle of prudence. Apart from e. The Borrower has a financial relationship in the form of
that, there are also provisions regarding other parties that are issuing a guarantee to take over and/or pay off part or
regulated, namely: all of the other Borrower’s obligations in the event that
1. Banks are prohibited from providing Funds to Related the other Borrower fails to fulfill its obligations to the
Parties which are contrary to general Fund Provision Bank.
procedures. 4. Borrower group classification does not apply to:
2. Banks are prohibited from providing Funds to Related a. Fund Provision Facilities provided by the Bank to
Parties without the approval of the Bank’s Board of debtors in general Bank business activities; And
Commissioners. b. Provision of guarantees by insurance companies,
3. Banks are prohibited from purchasing low quality assets guarantee companies, the Government of the Republic
from Related Parties. of Indonesia, and/or governments of other countries.
4. In the event that the quality of Fund Provisions to Related c. Providing credit to debtors through companies using
Parties declines to become substandard, doubtful or Loss, the forwarding method;
the Bank is obliged to take remedial steps to improve it by: d. Providing Credit using a core-plasma partnership
a. Credit repayment no later than 60 (sixty) days after the pattern with a core company scheme guaranteeing
decline in the quality of Fund Provisions; and/or Credit to the plasma;
b. Carry out Credit restructuring since the quality of Fund e. Provincial Government and Regency/City Government
Provisions has decreased. as well as between each Regency/City Government.
5. In the event that the Bank provides Funds in the form of
Capital Participation which results in the party in which the The Fund Provisions that are taken into account in the LLL
Bank makes the Capital Participation becoming a Related calculation and Large Fund Provisions are all Fund Provisions
Party, the Bank is obliged to ensure: in the banking book and trading book positions. The carrying
a. The Fund Provision Plan is set at a maximum of 10% value used to calculate Provision of Funds is the carrying value
(ten percent) of Bank Capital; of assets plus interest claims that have not been received, if any,
b. Provision of Funds that will be and have been provided before deducting the allowance for losses, decreasing the value
to parties in which the Bank makes Capital Investments of assets according to accounting standards. The provision of
after adding the entire portfolio of Provision of Funds funds is the investment of Bank funds in the form of:
to related parties is set at a maximum of 10% (ten a. Placement;
percent) of the Bank’s Capital; And b. derivative transactions ;
c. Fulfill the provisions as intended in points 1,2 and 3. c. Securities;
d. Securities sold with an agreement to repurchase (repo);
Provision of Funds to Other Than Related e. Receivables for securities purchased with an agreement to
Parties resell ( reverse repo);
f. Acceptance bill;
1. Provision of Funds to 1 (one) Borrower other than a Related g. Credit;
Party or 1 (one) Group of Borrowers other than a Related
Party.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 285
Page 288
h. Equity capital; 5. Provision of export-oriented funds to financial institutions
i. Temporary capital investment; that meet certain requirements;
j. administrative account transactions ; and 6. Provision of funds that obtain guarantees from financial
k. Other forms of providing funds that can be equated with institutions that meet certain requirements;
letters a to j. 7. Part of the Provision of Funds which is guaranteed by
certain collateral and meets certain requirements;
Provision of Bank Funds to BUMN for development purposes is 8. Part of Providing Funds to Borrowers who obtain guarantees
set at a maximum of 30% (thirty percent) of Bank Capital. from Prime Bank as long as the guarantees provided meet
the requirements;
Credit Risk Mitigation Techniques 9. Provision of funds which have become a capital reduction
factor as intended in the Financial Services Authority
Bank Jatim is obliged to apply the MRK (Credit Risk Mitigation) Regulation which regulates the obligation to fulfill minimum
technique which meets certain requirements in calculating capital.
LLL in the event that Bank Jatim recognizes the existence of
collateral, guarantees, guarantees or credit insurance as a MRK Legal Lending Limit (LLL) Exceeding
technique in calculating weighted assets according to standard
approach credit risk. The application of the MRK Technique as Provision of Funds by Banks is categorized as Exceeding LLL
referred to applies in the event that the Borrower and Guarantor caused by:
or collateral issuer are other than Related Parties. 1. Decrease Capital or Core Capital ( tier 1) of the Bank;
2. Changes in exchange rates;
Certain LLL Treatment 3. Changes in fair value;
4. Business mergers, changes in ownership structure and/or
Sometimes LLL calculations can be done, including: changes in management structure which cause changes in
1. Provision of Funds to the Central Government; Related Parties and/or Borrower groups; and/or
2. Placement with Bank Indonesia; And 5. Changes to the provisions for Determining Borrowers in
3. Purchase of Securities issued by the Government of the the LLL Exceeding calculation are carried out in accordance
Republic of Indonesia and/or Bank Indonesia; with the provisions for calculating the Provision of Funds
4. Provision of funds that obtain guarantees from the and are calculated based on the value recorded on the
Government of the Republic of Indonesia; report date.
Table of Total Provision of Funds to Related Parties and Large Debtors
Total 2023 Total 2023
No Provision of Funds Number of Account Nominal Number of Account Nominal
(NoA) (in IDR million) (NoA) (in IDR million)
1 To Related Parties 198 189,479 155 107,944
2 To 50 Core Debtors
Individual 50 8,721,806 50 6,771,487
Group 0 0 0 0
Total Core Debtors 50 8,721,806 50 6,771,487
Table of Total Provision of Bank Funds to Related Parties
2023 2022
Description Nominal Nominal
(in IDR million) (in IDR million)
Capital at Report Date 11,451,665 10,610,256
LLL (10% of Capital) on Report Date 0 0
Outstanding Related Parties 189,479 107,944
PT Bank Pembangunan Daerah Jawa Timur Tbk
286 2023 Annual Report
Page 289
MANAGEMENT DISCUSSION AND ANALYSIS
OF BANK PERFORMANCE
2023 2022
Description Nominal Nominal
(in IDR million) (in IDR million)
LLL concessions 0 0
LLL exceedance 0 0
Transaction Spot and Derivative
Transactions
Derivative receivables are classified as Financial assets in exchange rate at the reporting date or the discounted cash flow
the group measured at fair value through profit or loss, while method and recorded in the consolidated statement of financial
derivative liabilities are classified as Financial liabilities in the position. Derivative receivables are presented at the amount of
group measured at fair value through profit or loss. Derivative unrealized profits from derivative contracts, after deducting the
instruments (including foreign exchange transactions for funding allowance for value loss. Derivative liabilities are presented at the
and trading purposes) are presented based on their fair value amount of unrealized losses from derivative contracts.
which is determined based on market prices using the Reuters
Table of Spot Transaction and Derivative Transaction Report
(in IDR million)
BANK BANK
2023 2022
No Transaction
Receivables and Receivables and Derivative
Objective Objective
Notional Derivative Liabilities Notional Liabilities
Value Value
Trading Hedging Bill Obligation Trading Hedging Bill Obligation
A. RELATED TO EXCHANGE RATES
1. Spot - - - - - - - - - -
2. Forward - - - - - - - - - -
3. Option - - - - -
a. Sell - - - - -
b. Buy
4. Future - - - - - - - - - -
5. Swap - - - - - - - - 361,029,411.80 -
6. Other - - - - - - - - -
B. RELATED TO INTEREST RATE
1. Forward - - - - - - - - - -
2. Option - - - - -
a. Sell - - - - -
b. Buy
3. Future - - - - - - - - - -
4. Swap - - - - - - - - - -
5. Other - - - - - - - - - -
C. OTHER
Total - - - - - - - - 361,029,411.80 -
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 287
Page 290
HUMAN
Capital
PT Bank Pembangunan Daerah Jawa Timur Tbk
288 2023 Annual Report
Page 291
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 289
Page 292
Human Capital
Management Strategy
In order to realize a superior, independent, competitive, and The achievement strategies contained in the 4 (four) pillars
professional human capital (HC) management strategy, the will be used to improve human capital management services
Bank prepares human capital that can view opportunities and in accordance with the human capital cycle with the following
perform so maximum returns for the Bank will be produced. key strategies:
In the future, HC must have criteria that are in accordance 1. Satisfaction of the quantity of employees to support
with the vision and mission as well as company culture. HC is organizational transformation through recruitments
expected to have the required competencies and support the of Jatimers Internship Program (JIP), regular, pro-hire,
development of digitalization so that they can execute and Officer Development Program (ODP), Jatimers Leadership
master their duties and responsibilities with a commitment to Development Program (JLDP) Career Program1-4, and
achieve optimal results, while maintaining company culture, completion of Account Officer (AO) necessity).
ethical values and rules. 2. Improvement of the quality of employees to reduce the
competency gap required in supporting business process,
Particularly in terms of banking digitalization, accommodating comprising of:
management plans for implementing credit segmentation and a. Business line-focused education.
strengthening Information Technology requires organizational b. Arrangement of curriculum and education syllabus.
development that is in line with Bank Jatim’s business c. Mapping and certification fulfillment.
acceleration. In doing so, in terms of being an adaptive, globally d. International education standard.
insightful, and change inspiring HC development center, there e. Graduate scholarship program.
are 4 (four) pillars of key mission of HC, as follows: 3. Refinement of human capital policy is as follows:
• Developing standardization of HC competency. a. Incentive and allowances for business unit.
• Improving methods for increasing HC competency. b. Profile and competency dictionary.
• Increasing supporting infrastructure for HC development. c. Position requirements.
• Advancing HC having Digital competency. d. Education and training.
e. Performance management.
4. Digitalization to accelerate Human Capital service process.
Human Capital Management
Strategy Policy and Implementation
Recruitment
Policy
In supporting the success of the bank to achieve positive is to meet the needs of empty positions in organizational structure
performance, it is the result and hard work of all Jatimers people. by through the process of planning needs properly and correctly.
Support competent resources is very important in the effort to Recruitment sources used by Bank Jatim to get the best talents
implement a variety of company strategic policies to achieve the are obtained through internal and external sources. Fulfillment of
company’s vision and mission. In order to get the best talent in labor needs, BNAK continues to consider the effectiveness and
an effort to improve the quality of resources in the bank, in the efficiency of labor, so that in 2023 the bank has implemented a
implementation of bank recruitment more selective in carrying out policy of repositioning and recomposition of labor by prioritizing
the recruitment process. The purpose of implementing recruitment charging workers in business lines.
PT Bank Pembangunan Daerah Jawa Timur Tbk
290 2023 Annual Report
Page 293
HUMAN
CAPITAL
Type of the existing recruitments at Bank Jatim comprises of: 4. Personality including personal characteristics, such as age,
1. Recruitment of Regular Employee. sex, and marital status depending on the available vacancy
2. Recruitment of Experienced Employee formation.
(Pro Hire/ Multilevel Entry). 5. Competency assessed through assessment process in
3. Crash Program. accordance with the Bank’s competency dictionary.
4. Officer Development Program (ODP).
5. Recruitment of Disabled Employees. The recruitment process can be independently performed by
the Bank or in collaboration with consulting services agencies/
The recruitment sources used by Bank Jatim are obtained institutions in the human capital sector or Head Hunters services,
through internal and external sources. Internal sources are both online and offline or using employee provider media
individuals who have worked at the Bank, either with the status platforms. Accordingly, an open recruitment is conducted
of permanent Bank employees or with the status of outsourced to screen incoming applications and select applicants who
workers or interns. Meanwhile, external sources are those satisfy the required qualifications in order to be included in
who do not or have not worked at the Bank and are obtained the selection process. Applications included in the verification
by recruiting employees with special achievements that will process can be consulted with consulting services agencies/
support the Bank’s corporate image. institutions in the human capital sector or Head Hunters service
and matched with previously determined qualifications. After
Generally, the criteria in the selection process include: verification, applicants who satisfy the qualifications are invited
1. Undergraduate/Graduate criteria for structural position with for selection.
specific expertise. Undergraduate (S1) is for administrative
staff with career prospects and Senior High School/ The selection process of prospective employees follows the
Vocational School is for non-administrative staff. following standard consisting of several stages, as follows:
2. Work experience supporting value added in the selection 1. Clearance test.
process. 2. Product knowledge Bank test.
3. Health condition with following criteria, such as physically 3. Psycho-test assessment and/or competency-based interview.
and mentally health and free of drugs. 4. User interview.
5. Medical test
The mechanism of acceptance decision-making uses a multiple hardless model approach or knockout system. In addition, admissions
can also use other systems according to needs and within the authority of Vice President of Human Capital and consider the
applicant’s individual loan collectability status, such as:
failed to fulfill general qualifications
Completeness of Application
passed
failed to fulfill job disc & job spec qualifications
Clearance Test
passed
failed to fulfill a general knowledge test
and a psychology test
General knowledge and psychological tests
failed to fulfill a physical and passed
medical tests
and a psychology test
physical and medical tests
failed to convince the passed
interviewer / did not
fulfill job expectations
Interview
passed
Applicant Rejected Applicants Accepted
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 291
Page 294
After performing a series of selection and acceptance processes, employment is executed with an employment contract as a probation
period so that the status is a specific work agreement (TKIK). The employment contract contains the rights and obligations of the
Bank and the concerned employee and binding on each party until the employment contract ends or a decision on a permanent
employee appointment is issued.
The authority of employment contract signatory is regulated as follows:
Entry Level Position Signatory Officials of Employment Contract
SEVP, ESELON 1 -2 Director subordinating function of Human Capital/Director of Employment Division.
ESELON 3 SEVP subordinating Human Capital
ESELON 4 DAN PELAKSANA Vice President of Human Capital Division
The term of the employment contract is adjusted to needs and and ninety five) new employees with competencies in the fields
can be extended as long as it does not violate with statutory. Any of credit admin, general banking, funding officer, information
employee who has signed an employment contract is required technology, and Officer Development Program (ODP).
to participate in and pass all education and training programs
prepared by the Bank. Also, any employee who does not satisfy
the requirements of passing the education and training program, Competency Development
the employment contract will be terminated. Mainly for the
recruitment of experienced employees, they can be assigned Policy
directly in work units as required, while education and training
programs are conducted in parallel between working hours. Concerning the improvement of Bank Jatim’s human capital
competency, the Human Capital Division has regulated
For the mechanism of regular employees appointment, employees Standard Operating Procedures of Education and Training. The
who have signed and had the TKIK status will be subsequently provisions regulate the following issues, as follows:
evaluated for performance evaluation during 6 (six) months as a 1. Public training and education.
condition for appointment of prospective employees. Prospective 2. In-house training and education.
employees will also perform a performance evaluation for 6 3. Overseas non-degree education and training.
(six) months before appointed as permanent employees. The 4. Implementation of certification and profession certification
appointment mechanism for non-regular employees is separately maintenance program.
regulated and adjusted to the occupied position. 5. Archiving evaluation and procedures of education and
training implementation.
Implementation of Recruitment Additionally, the Human Capital Division has drafted Learning
Syllabus based on Training Need Analysis that will be performed
In 2023, 42 employees will resign. Meanwhile, for recruitment, within the current year.
throughout 2023 Bank Jatim has recruited 295 (two hundred
Competency Development Implementation
Table of Competency Development for Manager Level (Level Staff) in 2023
Number of
No. Competency Area Objective
Participants
1. Lending 3.090 Increasing the understanding and competence of Bank Jatim employees in credit issues.
Improving competency section in the corporate planning sector, understanding of main tasks
2. Planning 141
and sections in an organizational structure at Bank Jatim.
Developing compliance culture by refreshment of the applicable provisions, both regulations
3. Compliance 1.389
from the regulator and Bank Jatim regulations.
Increasing competency section in the marketing sector for Bank Jatim frontliners and account
4. Marketing 406
officers.
5. Human Capital 744 Refreshment of Bank Jatim’s internal regulations and improving corporate culture.
PT Bank Pembangunan Daerah Jawa Timur Tbk
292 2023 Annual Report
Page 295
HUMAN
CAPITAL
Number of
No. Competency Area Objective
Participants
6. Audit Intern 149 Developing competency in the auditing sector and understanding of Anti-Fraud Strategy.
Increasing competency in the marketing sector for frontliners in increasing their ability to
7. Funding 2.005
collect public funds.
Improving competency in the information technology sector and providing information
8. Information Technology 191
about IT Awareness.
9. Legal 238 Increasing competency in the legal sector in Bank Jatim's operational activities.
Developing competency in the treasury sector and providing telegraphic transfer procedures
10. Treasury 583
to Bank Jatim frontliners.
Increasing competency in the banking risk management and target market outreach sectors
11. Risk Management 390
to Bank Jatim account officers.
Providing new employees with knowledge of the managerial structure and management of
12. Corporate Secretary 135
Bank Jatim.
Credit Rescue and Improving knowledge of credit rescue and settlement for echelon 3 and echelon 4 officials.
13. 234
Settlement
Increasing competency section in the primary and section tasks in Bank operational support
14. Operation (Supporting) 11
activities.
15. Operation (Business) 1.007 Developing competency in the primary and section tasks in Bank operational activities.
Improving competency in the accounting sector and socializing e-Stamp, taxes, and other
16. Accounting 340
provisions to accounting officers.
17. Business Risk 23 Increasing competency in the business risk sector for Business Risk Division officers.
18. Sharia Business Unit 34 Increasing sharia banking competency.
Developing competency in the general works in terms of procedures for determining
19. General 20
estimated prices when conducting the goods/services procurement process.
Table of Competency Development for Echelon 4 Level (Level Supervisor) in 2023
Number of
No. Competency Area Objective
Participants
Improving competency section in the human capital sector, mainly regarding corporate value
1. Human Capital 770
internalization, culture transformation, leadership and problem solving.
Increasing competency section in the lending sector, especially analysis of credit provision
2. Lending 955 in the agro-industrial sector, green portfolio to support sustainable finance, sectoral credit
analysis and credit segmentation.
Developing competency section in the compliance sector, particularly APU-PPT, anti-
3. Compliance 547
gratification, and compliance culture.
Increasing competency section in the marketing sector, especially business model canvas,
4. Marketing 260
effective marketing management, strategic selling skills, marketing and selling.
5. Audit Intern 140 Improving competency section in the audit sector, specifically critical points and anti-fraud strategies.
Developing competency section in the funds collecting and payment systems sectors and
6. Funding 243
managing Rupiah currency.
Information Increasing competency section in the information technology sector, especially regarding
7. 148
Technology machine learning, data analytics and IT awareness.
8. Legal 287 Improving competency section in the legal sector, particularly banking and credit laws.
Developing competency section in the treasury sector, mainly regarding trade finance and
9. Treasury 508
banknotes.
Increasing competency section in the risk management sector with certification and the
10. Risk Management 1027
refreshment of banking risk management programs.
Improving competency section in the corporate secretary sector, mainly regarding increasing
11. Corporate Secretary 3
ability in integrating CSR and investor relations units.
12. Planning 153 Increasing competency section in the planning and socialization regarding grand structural design.
Credit Rescue Developing competency section in the credit rescue and settlement sector, especially
13. 163
Settlement regarding simple lawsuits and execution of problem loans.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 293
Page 296
Number of
No. Competency Area Objective
Participants
Increasing competency section in the general works sector in terms of procedures for
14. General 15
determining estimated prices when conducting the goods/services procurement process.
Developing competency section in the operation sector, especially regarding service
15. Operation 170
standards and credit administration.
Increasing competency section in the accounting sector, mainly regarding taxes, e-stamps
16. Accounting 35
and integration of metadata-based banking reporting.
Improving competency section in the sharia business sector, especially basic education in
17. Sharia Business Unit 317
sharia banking and pawn law.
Developing competency section in the auditing sector, particularly early warning signals and
18. Business Risk 18
processing investment business permits.
Operation Increasing competency section in the operation sector, especially regarding banknotes, ATM,
19. 257
(Supporting) EDC and EPTD.
Table of Competency Development for Echelon 3 Level (Level Pimcapem) in 2023
Number of
No. Competency Area Objective
Participants
Developing competency section in the accounting sector, especially regarding taxes and
1. Accounting 3
statements of financial accounting standards.
Increasing competency section in the internal audit sector, mainly regarding internal auditor
2. Audit Intern 8
professional certification.
Improving competency in the funding sector, especially regarding payment systems and
3. Funding 17
management of Rupiah and foreign exchange.
4. Legal 150 Developing competency section in the legal sector, mainly regarding credit and bankruptcy law.
Improving competency section in the human capital sector, mainly regarding culture
5. Human Capital 248 transformation with growth mindset, corporate value internalization and competency-based
interviews.
Increasing competency section in the compliance sector, particularly regarding anti-money
6. Compliance 39
laundering and preventing terrorism financing.
Developing competency section in the lending sector, especially regarding financial skills and
7. Lending 165
credit analysis, supply chain financing and sectoral credit analysis.
Improving competency section in the risk management sector, especially certification and
8. Risk Management 362
refreshment programs for banking risk management certification.
Increasing competency section in the marketing sector, particularly regarding effective
9. Marketing 1
marketing management.
Developing competency in the operation sector, especially regarding business administration
10. Operation 2
and legal.
Operation Improving competency section in the operational support sector, mainly regarding strategy
11. 1
(Supporting) and implementation of strengthening the banking industry.
Credit Settlement Increasing competency section in the credit rescue and settlement sector, mainly problem loans.
12. 1
Rescue
Developing competency section in the planning sector, particularly regarding workload
13. Planning 2
analysis and organization development.
Increasing competency section in the auditing sector, mainly early warning signals and
14. Bussines Risk 10
processing investment business permits.
Developing competency section in the information technology sector, particularly regarding
Information
15. 10 enterprise resource planning, data science specialist and information technology infrastructure
Technology
library.
Increasing competency section in the treasury sector, especially regarding banknotes,
16. Treasury 177
telegraphic transfers and trade finance.
Improving competency section in the general affairs sector, mainly regarding preparing self-
17. General 1
estimating prices.
18. Sharia Business 2 Increasing competency section in the sharia business sector, especially sharia banking education.
PT Bank Pembangunan Daerah Jawa Timur Tbk
294 2023 Annual Report
Page 297
HUMAN
CAPITAL
Table of Competency Development for Echelon 2 Level (Level Branch Leader) in 2023
Number of
No. Competency Area Objective
Participants
1. Accounting 1 Improving competency section in the accounting sector, especially regarding vet A and B.
2. Audit Intern 2 Increasing competency section in the internal audit, especially regarding audit certification level 3.
Developing competency section in the corporate secretary sector, especially regarding
3. Corporate Secretary 2
investor relations programs and integrated excellent CSR.
Increasing competency section in the funding sector, especially regarding fund administration,
4. Funding 71
payment systems and management of rupiah and foreign currency.
Improving competency in the legal sector, especially regarding the legal aspects of land
5. Legal 3
rights, corporate law and legal contract drafting.
Increasing competency section in the human capital sector, specifically regarding corporate
6. Human Capital 157 value internalization, culture transformation, branch manager programs and competency-
based interviews.
Developing competency section in the lending sector, mainly regarding credit analysis in the
7. Lending 6 agribusiness sector, credit analysis in the economic sector, and international standard banking
procedure 821.
Advancing competency in the risk management sector, particularly regarding the
8. Risk Management 112 implementation of Basel III, stress testing on market risk and liquidity risk, and the risk
management certification maintenance program.
Increasing competency section in the operations, mainly regarding business administration
9. Operation 2
and legal issues.
Improving competency section in the business operations, especially regarding asset liability
10. Operation (Business) 1
management.
Increasing competency section in the supporting operational sector, especially regarding
Operation
11. 2 payment systems and rupiah currency management, payment sub-sector, strategy and
(Supporting)
implementation of strengthening the banking industry.
Credit Settlement Improving competency section in the credit rescue and settlement, particularly regarding
12. 7
Rescue credit rescue and settlement programs.
Developing competency section in the auditing, particularly early warning signals and
13. Business Risk 4
processing investment business permits.
Information Increasing competency section in the information technology sector, mainly regarding
14. 2
Technology enterprise resource planning and managing ISO standard of IT services.
Increasing competency section in the treasury sector, especially regarding trade finance, yield
15. Treasury 59
curve analysis, DNDF transactions, OIS and IRS.
16. General 1 Improving competency section in general affairs, especially regarding self-estimating prices.
1 Increasing competency section in the sharia business sector, mainly regarding sharia banking
17. Sharia Business
education.
Table of Competency Development for Echelon 1 Level (Level VP) in 2023
Number of
No. Competency area Objective
Participants
Improving competency in accounting section, particularly taxes and statement of financial
1. Accounting 2
accounting standard in accordance with the newest IFRS.
Increasing competency in intern audit, specifically education program for head of intern
2. Audit Intern 1
supervisory system.
Developing competency in corporate secretary section, mainly education program for
3. Corporate Secretary 1
leader of corporate secretary.
Increasing competency in human capital section, particularly culture transformation with
4. Human Capital 50
growth mindset and corporate value internalization.
5. Lending 1 Advancing competency in lending section, mainly agro-industrial credit.
Developing competency in risk management, especially implementation of Basel III and the
6. Risk Management 30
refreshment program of banking risk management certification.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 295
Page 298
Number of
No. Competency area Objective
Participants
Credit Settlement Improving competency in credit rescue and settlement, mainly non-performing loans.
7. 1
Rescue
8. Business Risk 2 Increasing audit section, mainly early warning signal and administration of investment permits.
9. Information Technology 1 Developing competency in information technology, specifically data science and visualization.
10. Treasury 3 Increasing treasury section, particularly asset liability management and trade finance.
Improving competency in general affairs, mainly the improvement of domestic products
11. General 1
utilization program.
Table of Competency Development for Directors/Commissioners Level in 2023
Number of
No. Competency area Objective
Participants
Advancing competency in human capital section, particularly culture transformation with
1. Human Capital 12
growth mindset, corporate value internalization.
2. Compliance 12 Increasing competency in compliance section, especially good corporate governance.
Developing competency in risk management section, particularly the maintenance of risk
3. Risk Management 7
management certification.
4. Sharia Business 1 Improving competency in sharia business unit, mainly executive sharia banking.
Evaluation of Competency Development Implementation
In 2023, Bank Jatim had provided education to 4,999 employees out of 5,242 employees or conducted training to develop
competency for 95.38% of employees. This could be completed with the assistance of e-Learning technology and easily and flexibly
accessible contents form both place and time. In terms of composition, 60.5% of educational programs that had been implemented
was supporting business competencies and 39.5% was additional competency of supporting business. Competency development
activities recorded that 1,576 employees had participate in the certification program and 4,913 employees had joined the non-
certification competency improvement program. Based on the type of competency development activity, 468 employees had
participated in public training and 4,970 employees had followed in-house training.
Competency Development Costs
In 2023, Bank Jatim carried out competency development for employees by involving 4,999 employees. The costs incurred by Bank
Jatim in 2023 in the context of competency development reached IDR38,865,797,580, an increase from the costs incurred in 2022
which reached IDR23,834,986,794.
Table of Competency Development Costs for 2022-2023
Description 2023 2022
Total Cost (IDR) Rp38.865.797.580 Rp23.834.986.794
Career Development
Policy
The Career Development implemented by Bank Jatim aims to prepare, develop, and maintain employees so that they can display their
best performance both in the present and in the future. Currently, the Bank has a tiered career development program or promotion
program for employees from first level officials to executive officials, which is implemented to satisfy the needs of vacant positions.
The basis for Career Development consists of two aspects, such as competency, which is measured through the assessment process
PT Bank Pembangunan Daerah Jawa Timur Tbk
296 2023 Annual Report
Page 299
HUMAN
CAPITAL
and employee performance. Competency measurements are Remuneration and
carried out periodically to update the latest capabilities of each Long Term Compensation
employee at all levels of position.
The Competency-Based Remuneration System used by Bank
Implementation of Career Development Jatim was a Grading System where remuneration would be
divided according to the grade of each position. The grading of
The career program is opened according to the projected each position was carried out in accordance with the demands
need for a vacant position with the formation determination of the duties and responsibilities of each position. The grading
that has been issued by the unit responsible for Organizational level of each position was determined by means of job
Structure and Networks. In 2023, there are 140 employees who evaluation based on a job profile consisting of job requirements
have carried out career development programs. and job descriptions. The granding of each position was also
followed by the determination of the remuneration.
Performance Assessment The Human Capital Division collaborated with external
parties in determining the grade of each position, to be more
To ensure that every employee can optimally contribute independent in conducting assessments. Competency based
to achieve Bank Performance, the Bank has an integrated remuneration had to consider in a balanced way between the
performance management system. In terms of ensuring the benefits provided and the output, namely the performance
achievement of employee performance that can support generated by employees including sustainability performance.
the achievement of company targets, the company targets Competency-based remuneration had to consider 3 (three)
breaks down to each work unit to the individual level, so factors, namely individual, position or position and performance.
that the company performance will be in line with individual The grading system adopted by Bank Jatim adopted 2 (two)
employee performance. The Bank is currently implementing a factors, namely individual competence known as personal
performance management system using the Balance Scorecard grade and position / position known as job grade. The grading
method. In assessing individual employee performance, the and remuneration system was expected to be able to improve
KPI Scorecard application is used to facilitate the monitoring employee performance so that the company’s performance can
and reporting process of the achievements of employees’ Key eventually be achieved. The grading system currently in effect
Performance Indicator (KPI). at Bank Jatim consisted of:
a. Echelon Rankings
b. Personal Grade
c. Job Grade
The following is the structure of the grading system in Bank Jatim:
Personal
Corporate Title Echelon Position Job Grade
Grade
Senior Executive Vice President 18 SEVP G2
(SEVP)
G1
Vice President (VP) 17 • Vice President F3
• Main Branch Leader
16 F2
Echelon 1
15 F1
14
Assistance Vice President (AVP) 14 • Class 1,2,3 Covenant Branch Leader E3
• Main Branch Manager
13 • Sharia Leader E2
Echelon 2 12 • Unit Leader E1
• Assistance Vice President
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 297
Page 300
Personal
Corporate Title Echelon Position Job Grade
Grade
Manager (MGR) 11 • Operations Leader D3
• Business Leader
10 • Credit Leader D2
Echelon 3
9 • Sub Branch Manager D1
• Senior Auditor
• Senior Officer
Assistant Manager (AMGR) 8 • Supervisor C3
• Functional Office Leader
Echelon 4 7 • Auditor C2
6 • Officer C1
Non Personal
Corporate Title Position Job Grade
Echelon Grade
Assistant (ASST) 5 • Staff B3
• Junior Officer
4 • Junior Auditor B2
Executor
3 • Funding Officer B1
• Account Officer
2 • Non Career Employees
Basic Employees 1 • Security guard A2
Basic
• Driver
Employees A1
• Office Boy
As the basis for the preparation of governance guidelines for 4. Financial Services Authority Circular Letter Number 40/
providing good remuneration for Management, the Bank put SEOJK.03/2016 dated September 26, 2016 concerning
forward the principles of Good Corporate Governance and Implementation of Governance in Providing Remuneration
referred to the prevailing laws and regulations, including: for Commercial Banks.
1. Law Number 40 of 2007 dated August 16, 2007 concerning
Limited Liability Companies; Basically, remuneration was divided into 2 (two) fixed
2. Financial Services Authority Regulation Number 17/ remunerations and variable remunerations. As an
POJK.04/2022 dated September 14, 2023 concerning implementation of the Financial Services Authority Regulation,
Implementation of Governance in Providing Remuneration Bank Jatim determined the parties to be Material Risk Takers,
for Commercial Banks; consisting of:
3. Financial Services Authority Regulation Number 45/ - President Director
POJK.03/2015 dated December 23, 2015 concerning - Field Director under the President Director
Implementation of Governance in Providing Remuneration - Board of Commissioners
for Commercial Banks;
The percentage of variable remuneration for Bank Managers that is not included in the Material Risk Taker is as follows:
*) BONUS (100%) 100% (given) 96% (Cash)
4% (Share)
PT Bank Pembangunan Daerah Jawa Timur Tbk
298 2023 Annual Report
Page 301
HUMAN
CAPITAL
Pension Program
Bank Jatim enroll all of its employees into a pension program, both those that are mandatory by law and those that are managed
by the Employee Pension Fund. In 2023, there will be 48 employees who have implemented the pension program. The pension
programs provided by Bank Jatim include:
1. Pension Security from the Social Security Organizing Body (BP) 3. Defined Contribution Pension Program (PPIP)
Because it is mandatory, all employees must be registered This pension program is managed by the BRI Financial
in all BP Jamsostek programs starting from Old Age Institution Pension Fund (DPLK). All permanent employees
Security (JHT), Death Security (JKM), Work Accident are included in this pension program, where all Contribution
Benefits (JKK) and Pension Security (JP). The amount of the will be borne by the employer amounting to 10% of the
Pension Security (JP) program contribution is calculated employee’s basic salary/personal grade.
at 3%, consisting of 2% of company expenses and 1% of
employee expenses from basic salary/personal grade.
2. Defined Benefit Pension Program (PPMP)
This pension program is managed by the East Java Regional
Development Bank Employee Pension Fund. Program
participants are all employees who have been appointed
as permanent employees before August 25, 2012. The
employer’s contribution is 21.70%, while the employee
contribution is 5% of Basic Pension Income (PhDP).
Employee
Engagement Survey
In terms of refining the implementation of strategies and policies as a means of employees in addressing their aspiration, the
company conducted a survey of employee engagement measurement. The survey of employee engagement was beneficial for
either employees or the company. The given benefits are as follows:
Benefits of Employee Engagement for employees
1. As a forum for employee aspirations for the company. 3. Creating strong relationships with each employee. This
Employees can provide criticism to the company by filling relationship will also make employees focus on the desired
Employee Engagement. Then, this information will become achievement, build solid teamwork, and do not forget to
input for the company in making policies. express gratitude and appreciation for the achievements
2. Creating new enthusiasm for employees to go to the office. between divisions.
Employees will always think positively in doing their job 4. Eliminating saturated and thoughts from every problem
and provide ideas for the development of the team and faced by employees in their lives. This approach can make
the company. employees enthusiastic again as performing work at the
company.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 299
Page 302
Benefits of Employee Engagement for the Company 2. Potentially Engaged (High Commitment but Low
1. Companies better understand the need for employee Engagement)
competency improvement so that the level of engagement Employees, at this level, are among the important
between employees and the company increases. contributors in the organization, but they cannot find
2. The company will have employees with positive attitudes personal attachment and success within the organization.
and behaviors. With a positive attitude, of course, it will They will tend to reduce performance if they still do not get
lead to better company growth than the previous year. satisfaction from the organization.
3. The company will have employees with positive attitudes 3. Passively Engaged (High Engagement but Low
and behaviors. With a positive attitude, of course, it will Commitment)
lead to better company growth than the previous year. Employees, at this level, are people who feel comfortable
4. Employee Engagement created more commitment from with the company’s conditions. They can be new people
employees to the company. The number of absences due or get new roles. They have not contributed fully to the
to sick employees was reduced, reducing the number of company’s success or even hidden behind the hard work of
accidents in the work process, and increasing productivity others.
throughout the year. 4. Dissengaged (Low Commitment and Engagement)
5. Employee Engagement created more commitment from Employees, at this level, are a group of people who are
employees to the company. The number of absences due most disconnected from the organization, often they feel
to sick employees was reduced, reducing the number of underutilized, and do not get what they need from work.
accidents in the work process, and increasing productivity They can transmit negative thoughts to other employees.
throughout the year.
The number of participating respondents was 4,495 employees,
The Engagement Index showed the level of satisfaction and the percentage of engaged employees was 83,1%.
and commitment of Bank Jatim employees as measured by
the average rating on a scale of 1-4. Meanwhile Employee
Engagement is divided into 4 (four) levels, namely:
1. Actively Engaged (High Commitment and Engagemen)
Employees, at this level, have the same vision and mission
as the company, are loyal, and psychologically committed
to the company. They tend to contribute consistently and
productively to the company's success.
Human Capital
Information System
Along with the times, the development of information In order to ease the Human Capital Division to obtain fast,
technology can make it easier for humans to do activities, precise, effective and controlled information that is adjusted
view news and search for various information circulating in to developments and to simplify employees to achieve
cyberspace. Technological developments make it easier for all information, application for compensation and benefits, and
human activities in the future. The Human Capital Division has accommodate employee aspirations through the suggestion
launched a Digital product, namely the Human Capital Portal. box, the Human Capital Division launches a Human Capital
The Human Capital Portal is a website-based digital information program online-based application (web and mobile apps),
media that is useful for ensuring communication and providing referred to as E-Human Capital/e-HC. This application is a form
services to employees, including accommodating information, of digitalization in supporting the Green Banking program and
news, training agendas, activity information, polls, and reducing paper use.
gateways to other applications.
PT Bank Pembangunan Daerah Jawa Timur Tbk
300 2023 Annual Report
Page 303
HUMAN
CAPITAL
Human Capital Information System Enabling Human Capital
management in the Knowledge Era
Employee Self Services Feature Application Measurement System
E-Pribadiku Performance Measurement
Payroll System and Integrated
• Personal Data Automation
• Family Data Income Tax
(Performance Measurement)
• Grade and Position History
• Training Data
• Certification Data
• Assessment Data
• Remuneration Data (Salaries,
Allowances, Online Attendance Service Culture Measurement
• Deductions etc.) Automation
• Leave, Permit, Sick Data (Service Level Measurement)
(In development)
E-Health SPD (Official Travel) Online
• hospitalization / parturition
• Out-patient
• Glasses Replacement
• Medical Overtime
E-Care
• Out-patient
• Announcement
• In-hospitalized & Maternity
• Discussion
• Glass Work Load Analysis Automation
• Consultation
• Medical Checkup (In development)
• Ballot Box
• Sick Leave
• Employee Engagement
Car Allowance Program
E-Dukasi
• Training catalogue
News:
• E-Training
• E-Assignment • Division Note/Letter
• National holiday E-Learning (Assesment Product)
• E-Quiz
• Activity News Knowledge Management
• E-Quesioner
• Obituary
• Training Information
• Collaboration Agreement with Health
Services
E-Human Capital Mobile
The E-Human Capital Mobile application was launched in 2021, this application is intended for Bank Jatim workers which aims to make
it easier for employees to obtain information, apply for compensation and benefits as well as accommodate workers’ aspirations via the
ballot box. In 2023, there will be additional menus including:
1. Block Leave
2. Scan Barcodes for the medication administration process at the Hospital.
This application is a form of digitalization, thereby reducing paper use and supporting the Green Banking program.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 301
Page 304
Culture
Internalization
In confirming culture and transformation, Bank Jatim has a agent of change and role model for the work unit. The
Corporate Culture Event program, which aims to support implementation of this program will be carried out in
implementation, internalization, and transformation within Quarter I-II.
the scope of employees so it creates a sense of belonging to f. Coaching and Mentoring Program for the Culture Team as
the Bank. The strengthening that can support every program well as monitoring and evaluation of the implementation
performed by Corporate Culture, including: of the Corporate Culture work program in all work units
a. Culture Campaign is an organized program performed by (Head Office and Branches) aim to ensure that culture
all Culture Teams (Culture Leader, Culture Booster, Culture implementation and transformation can be achieved in
Agent) to address EXPRESI values, such as Excellence, accordance with management directions. Meanwhile, in
Professional, Integrity, Synergy, Innovation to employees. implementing this program, socialization is also performed
This program is an internalization measure of Bank Jatim’s regarding the provisions/rules and company culture work
culture and transformation program. In implementing this programs to the culture team. The implementation of this
campaign, different materials are available monthly. program will be executed out every quarter.
b. In-House Training for all culture teams in Branch Offices
and Head Offices aims to improve the abilities/soft skills Further, in the Corporate Culture Event, there is a Reinforcement
of employees at Bank Jatim and increase engagement of Corporate Culture program that will be conducted by the
with the company. This is in line with the Human Capital Corporate Culture Group to continuously affirm the culture
transformation to improve the quality of employees. The team in implementing corporate culture as follows:
material in the in-house training focuses on improving the a. Up-skilling for the Corporate Culture team includes
ability of becoming the best leader in the future and cannot procurement of content creator/digital marketing training
be separated from EXPRESI values as company culture. The aimed at delivering Bank Jatim’s programs, products, and
implementation of this program will be conducted on a digital financial services at Bank Jatim via digital media.
quarterly basis. This strengthening is also to build and prepare a talent
c. Providing communication space between employees and pool/talent management (master of ceremonies/MC),
Top Management through the Greeting and Sharing with which will assist corporate activities of Bank Jatim, such as
Board of Directors (BOD) program. This space is a medium formal activities (GMS, EGMS, Position Handover (Sertijab),
for delivering the company’s work program (culture and Bintal, and other official activities) and informal activities.
transformation) to employees and an opportunity for Also, it will support the creation of content or publication
employees to address ideas/suggestions for company media owned by Bank Jatim, such as Instagram, podcasts
development so it reduces barriers or gaps between (YouTube), leaders talk programs, and other corporate
employees and management. This Greeting and Sharing activities. The implementation of this program will be
program will present speaker or motivator to provide a performed in Quarter I-II.
booster to the culture teams so that they are expected to b. Benchmark program to find out, assess the implemented
continuously have the same spirit as influencer in delivering transformation, and compare the implementation
the transformation and internalization of company culture. of Bank Jatim’s culture with other companies (BPDs
The implementation of this program will be carried out on throughout Indonesia, BUMN, Private Companies) so that
a quarterly basis. evaluation and finding the right measures to improve the
d. The annual activity for Bank Jatim’s Culture Teams is transformation program and internalization of corporate
the EXPRESI Festival (EXPRESTIVAL). This activity is an culture can be performed. The implementation of this
appreciation of the Culture Teams for their dedication as program will be implemented in Quarter II.
an influencer, who continuously deliver the transformation c. Performing On-site Monitoring to work units aims to ensure
and internalization of company culture in the work unit. the implementation of company culture program performed
The implementation of this program will be performed in by the culture team using assessment instrument, such as
Quarter IV. questionnaires, interviews and observations conducted
e. Cultural Identity is a program to provide identity to the randomly on employees.
Culture Team having the purpose of the easily recognizable
figures of agent of change. In addition, this identity is to
provide an understanding of its presence and role as an
PT Bank Pembangunan Daerah Jawa Timur Tbk
302 2023 Annual Report
Page 305
HUMAN
CAPITAL
Human Capital
Management Structure
A reliable, loyal and competent Human Resources is the main Human Capital at Bank Jatim is under the President Director
capital of Bank Jatim to achieve the vision, mission and business and lead by Human Capital Division Head. This division
success. Bank Jatim always prioritizes development HR both consists of the Human Capital Services Sub Division and the
individuals and teams and the development of Corporate Human Capital Development Sub Division which have roles
Culture as a business strategy in order to maintain the best in service operations, policy formulation and Human Capital
performance in the banking services business. development so that it is expected to developt employees who
are competent and have high corporate cultural values.
Budi Sumarsono
SEVP Corporate Transformation
Slamet Purwanto
Vice President Human Capital
Assistant Vice
Assistant Vice President Assistant Vice President (AVP) Assistant Vice President (AVP)
President (AVP) Industrial
(AVP) Operasional Human Capital Development Learning Center
Relations and HCBP
Senior
Senior Senior Senior Senior
Officer
Recruitment Recruitment Officer Bisnis Officer Career
Learning
Officer Officer Partner Management
Design
Learning Learning
DAPEG Performance Career Officer
Remuneration Center Center
and HCIS Management Management Corporate
Supervisor Quality Operations
Supervisor Supervisor Officer Culture
Control Staff Supervisor
Junior Junior Junior Junior Learning Staff Junior
Junior Junior
Remuneration DAPEG and Business Officer Performance Officer Center Operasional Officer
Recruit Recruit
Staff HCIS staff Partner Manajemen Management Corporate Quality Learning Learning
Officer Officer
Officer Kinerja Officer Culture Control Staff Center Design
Junior
Junior
DAPEG and Business Junior Officer
Recruit
HCIS staff Partner Corporate
Officer
Officer Culture
Remuneration Remuneration
Staff Staff
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 303
Page 306
Human Capital
Work Plan 2024
The Human Capital Division had a human capital development plan for 2024 as follows:
HUMAN CAPITAL OPERATIONAL SUB DIVISION 7. Conducting periodic behavioral and technical competency
1. Satisfaction of employees according to necessity based assessments every 2 (two) years for all officials from echelon
on the organizational structure and harmonization with the 1 to echelon 4 to measure the suitability of the competencies
Bank’s business plan, through employee recruitment, both possessed by each official with the requirements of
regular, ODP and Pro Hire. competency determined by the Company. Also, provision
2. Development of the Jatimers Internship Program (JIP), of training is proposed if a lack of competency level
previously intended only for the frontliner (teller and Service possessed by echelon 1 to echelon 4 officials is still found.
Assistant) and addition to the administrative section that 8. Increasing Assessor competency by sending to Assessor
will be implemented in Quarter I. training at certified Assessor training institutions.
3. Designing a monitoring dashboard for the satisfaction 9. Adjustment of job grading according to the results of job
of JIP personnel in Branch Offices so that JIP participant evaluation so that the received compensation is fair for
turnover can be monitored and avoid formation vacancies, employees in accordance with the employee’s workload
which will be implemented in Quarter I. and responsibilities.
4. Creating an organizational structure in the EHC application 10. Development of an integrated online applications (web and
to ease monitoring vacant positions or employee shortages mobile apps)-based e-Human Capital program focused
that are integrated into employee data in Quarter I. on rapid, accurate, effective, and controlled information
5. Designing an application to calculate variable compensation delivery that is adapted to developments and accessibility
in Quarter II. for the Human Capital Division of Bank Jatim to monitor
6. Refinement of the policy of outsourced workers utilization services provided to Bank Jatim’s employees.
via a contracting system, which will be implemented in
Quarter I.
PT Bank Pembangunan Daerah Jawa Timur Tbk
304 2023 Annual Report
Page 307
HUMAN
CAPITAL
11. Satisfaction of HR needs through recruiting new employees INDUSTRIAL RELATIONS & HCBP SUB DIVISION
as required. 1. Strict implementation of Reward and Punishment for all
12. Optimization of benefits that are in-natura tax object employees in accordance with the governing regulations
through third parties so that in-natura tax costs are more and laws.
efficient and will be implemented in Quarter I. 2. Implementation of employee engagement survey as
13. Improving a competitive and performance-based employee a means to measure the level of emotional binding of
remuneration system in accordance with the Bank’s employees to the company, which is completed via the
capabilities, projected to be implemented in Quarter II. e-Human Capital mobile app.
14. Integration of the payroll system which will ease calculation 3. Application of programs that can improve the Human
of employee compensation and benefits including PPh21 Capital Division’s communication with all employees and
tax calculation in Quarter III. channel employees’ voices regarding employment, so that
input and complaints are obtained from employees to be
HUMAN CAPITAL DEVELOPMENT SUB DIVISION used as evaluation materials of improvement to personnel
1. The Career Development Program is based on performance, policies.
competency, experience, and other criteria to ensure that 4. Providing facilities to employees regarding consultations
all employees achieve the fair opportunity to develop their with psychologists and/or psychiatrists if necessary, where
careers. it can anticipate and maintain employees’ mental health.
2. Arrangement of career paths to post employees according
to their competencies in available positions. LEARNING CENTER SUB DIVISION
3. Drafting talent management policies to prepare quality 1. Development and optimization of learning facilities.
talent to be future leaders, who will direct the Bank to 2. Supporting quality and competency as well as distribution
achieve better performance. of education and training access for all employees.
4. Implementation of a fairer and more objective Performance 3. Improving competency, optimization, and evaluation of the
Management System of employee for all work units. role of internal lecturers in encouraging the achievement
5. Implementation of work life balance as a means of of the Bank’s vision and mission through education and
channeling employee talents and interests outside of work training activities.
routines. 4. Development of Center Assessment methods and tools
that will be employed in implementing assessments in
Quarter III.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 305
Page 308
INFORMATION
Technology
PT Bank Pembangunan Daerah Jawa Timur Tbk
306 2023 Annual Report
Page 309
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 307
Page 310
Information Technology
Strategy
Bank Jatim’s Information Technology (IT) business plan is in its Business Plan to the regulator. The business plan is also
line with the implementation and development of information adjusted to the strategic plan of Bank Jatim’s Corporate Plan
technology security which is guided by Financial Services in section PILAR 4 (Digital Banking and IT). The Information
Authority (OJK) Regulation No. 11/POJK.03/2022 concerning Technology (IT) Corporate Plan strategy implements the
the Implementation of Information Technology by Commercial OPTIMUM 2023-2024 strategy. The following is an overview of
Banks. Therefore, every commercial bank is obliged to report the OPTIMUM strategy.
OPTIMUM STRATEGY 2023-2024
Maximize Jatimers 7 2 Provide Business
Digital Capability Intelligence to Support
Business Branch and
Training & Certification to Division
support human resources
capabilities in preparing • Enchancement Regulatory
Business Modernization • Reporting
and Digital Transformation • Pipeline
• Fund
• Credit & Non-Performing Loan
6 3
Unified Service Toward Dynamic
Excellence 1 Modern Office
Optimize It
• Product Improvement • Standardize Office Facade
• Service Standard • Digital Branch
• Early Warning System
Foundation
& Security
System
Modernize Customer 5 4
Experience Innovate, Streamline,
and Automate business
• JConnect ETPD throughout East Java
• JConnect Mobile
Process
(Target of 633.000 Users in 2023) • JConnect Loan System
• JConnect Internet Banking Corporate • JConnect General Affair System
(Target of 10 thousand users in 2023) • Trade Finance
• Agen Jatim - Laku Pandai • Custody
(Target of 8,700 Agents in 2023) Network & IT • International Banking
• JConnect QRIS Infrastructure
(Target of 101 Thousand Merchants in System Hardening
2023)
To support the OPTIMUM 2023 strategy, the Bank is strengthening its organization, IT policy, Core Banking, Infrastructure
Management, developing business applications, and strengthening IT security.
PT Bank Pembangunan Daerah Jawa Timur Tbk
308 2023 Annual Report
Page 311
INFORMATION
TECHNOLOGY
Information Technology
Innovation
Innovation in the field of Information Technology (IT) refers Enterprise Resource Planning (ERP) is a type of software
to the development and application of new ideas, methods, designed to help organizations manage their business
or technologies to improve the efficiency, productivity, and processes holistically. ERP systems integrate various functions
performance of information systems. IT innovation can appear and departments within a company into one coherent and
in various forms, ranging from the development of new uniform system, helping to optimize resource use and increase
software, integration of the latest technology, to the application operational efficiency. Information Technology has developed
of new concepts in data management and information security. several modules required for the Bank’s internal business/
In 2023 Information Technology would carry out several operations totaling 6 (six) modules, namely:
innovations such as Business Intelligence using Tableau, 1. Contact
Enterprise Resource Planning (ERP) using Odoo, and building 2. Customer Relationship Management (CRM)
Datawarehouse infrastructure. 3. Inventory
4. Asset Management
Business Intelligence is a concept that includes technologies, 5. Budget
processes, and tools for collecting, integrating, analyzing, and 6. Vendor Management System
presenting business information. The main goal of Business 7. Purchase
Intelligence is to provide in-depth insight to decision makers in
an organization to support better decision-making processes.
Information technology has developed dashboard report
solutions for the Bank’s internal/operational business of 229
dashboards covering 31 divisions.
Datawarehouse is a data storage and management system designed to support the business decision making process. It is a central
repository that allows the Bank to integrate data from many different sources for analysis and reporting. Data warehouses store
historical and current data in formats that users can easily access and analyze.
DATA WAREHOUSE
DATA SOURCE VISUALIZATION
& BIG DATA
RDBMS Historikal Data • Data Visualization
(Structured Data)
Master Data • Front-End Application
Transactions • Reporting
Core Banking • Data Cleansisng
DATA MART • Pipeline
Internet Banking OJK • Cross Selling
Bank Indonesia • Prediktif NPL
Mobile Banking ETL
• Dialy
Pipeline
• Weekly
Surrounding • Monthly Rekon
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 309
Page 312
Apart from Business Intelligence innovation using Tableau, development of digital banking technology. Currently, several
Enterprise Resource Planning (ERP) using Odoo, and building products, services and certifications have been launched to
Datawarehouse infrastructure, Bank Jatim continues to innovate make services easier for the public, namely:
and invest in technology so that it can remain competitive in the
IKD JCONNECT PRO CMS - SISKEUDES E-BANSOS
JUNE, 2023 AUGUST, 2023 SEPTEMBER, 2023 NOVEMBER, 2023
The First Bank in Indonesia to Online Account Opening Application for Village Centralized distribution of
implement Digital Population Feature on JConnect Mobile Government spending social assistance to support the
Identity facilitating disbursement to Kampung Madani Program of the
village partners Surabaya City Government
1 2 3 4 5 6 7 8
SIPD ISO 20000:2018 CUSTOMER SELF SERVICE SISKEUDES LINK
JULY, 2023 AUGUST, 2023 OCTOBER, 2023 DECEMBER, 2023
Integrated SP2D Application “IT Service Management System Online and Self-Service Integrated Financial Governance
for Regional Government at the IT and Digital Directorate Customer Transaction for Village Government in
Expenditure to Support Core Banking System Monitoring Dashboard Collaboration with the Ministry
Services and JConnect Services of Home Affairs
(Mobile Banking, Internet Banking
& SMS Banking) for Internal Users of
Bank Jatim”
ISO 27001:2022
JConnect Mobile Information
Security Management System, SMS
Banking, and Internet Banking
Information Technology
Infrastructure
Currently, Bank Jatim has additional protection systems and devices as information security protection measures at Bank Jatim as
follows.
• Endpoint Management
• Endpoint Security
• Mobile Application Security
• Mail Security Gateway
• Load Balancer with WAF (Web Application Firewall)
• Application Security Testing
• Vulnerability Application Scanner
PT Bank Pembangunan Daerah Jawa Timur Tbk
310 2023 Annual Report
Page 313
INFORMATION
TECHNOLOGY
Information Technology
Governance
Information Technology (IT) Governance is the process used achieving company goals in aligning the organization’s strategy
to monitor and control information technology capability and business goals. Good IT governance requires a balance
decisions to ensure delivery and value to Bank stakeholders. between People, Process and Technology aspects.
Thus IT Governance is very important in supporting and
Business Needs
Governance
Evaluate
Direct Monitor
Management Feedback
Plan Build Run Monitor
(APO) (BAI) (DSS) (MEA)
Management
The picture above is a model of Bank Jatim IT Governance. The description of the picture is as follow:
1. Evaluating the use of Information Technology in current and future conditions;
2. Carrying out direct directions regarding the preparation and implementation of plans related to the use of Information Technology
and ensuring that the use of Information Technology could meet the business objectives of Bank Jatim;
3. Monitoring the conformity of Information Technology planning implementation with Information Technology policies and
performance.
There are 5 (five) areas that are the focus of IT Governance, as follows:
1. Strategic Allignment, the application of IT must really support the achievement of the company’s mission where the IT strategy
must be aligned with the company’s business strategy.
2. Value Delivery, the application of IT must be able to provide added value for the achievement of the company’s mission.
3. Risk Management, IT implementation must be accompanied by identification of IT risks so that their impact can be handled.
4. Resource Management, IT implementation must be supported by adequate resources and optimal use of resources wherever
possible.
5. Performance Management, IT implementation must be measured and evaluated regularly to ensure that IT performance and
capacity are in line with business requirements.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 311
Page 314
The determination of IT governance characteristics consists of 9. The Information Technology Information Library (ITIL)
several aspects, as follows: is a standard framework for IT in aligning IT support
A. Compliances services to businesses. ITIL focuses on IT processes,
Bank adopts regulatory compliance and best practices procedures, tasks and service levels to support
from regulators and the business environment as follows: corporate strategy, provide added value, and maintain
1. SEOJK Number 29/SEOJK.03/2022 dated December IT competency levels.
27, 2022 concerning Cyber Security and Resilience 10. ISO 20000:2018 the service management system at IT
for Commercial Banks. This regulation regulates the & Digital directoraterovision of core banking system
definitions of cyber security, cyber security, cyber and JConnect (Mobile Banking, Internet Banking and
incident reports, and early notification of cyber SMS Banking) Services to internal Customers of Bank
incidents. Jatim.
2. POJK Number 11/POJK.03/2022 concerning the 11. ISO 27001:2022 Information Security Management
implementation of information technology for System for JConnect Mobile, SMS Banking and Internet
commercial banks. In this regulation, POJK supports Banking services.
digital transformation and cyber resilience of the
banking industry and the banking sector for digital B. Customer Demands
transformation needs to increase resilience and cyber Changes in the marketplace and society require banks to
security. change towards digital banking, or services that are run
3. POJK Number 11/POJK.03/2022 concerning the with the support of Information Technology. Some banking
implementation of information technology for services are now turning into IT-based selfservice services.
commercial banks. In this regulation, the banking As a consequence of this change is the increasingly high
sector is required to have a Disaster Recovery Plan demand for Information Technology support in running a
(BCP) and placement of Data Centers and Disaster business of future changes.
Recovery Centers (DRC) in the territory of Indonesia. C. Technology Development
4. Bank Indonesia Regulation Number 23/11/PBI/2021 The dynamics of technological development which are
concerning National Payment System Standards. In this getting higher with the industrial revolution 4.0, especially
regulation the Bank is regulated for Standardization in in financial services, requires that Bank Jatim always adapts
the implementation of the Payment System (SP) which to existing and ongoing changes. This aims to provide
is one of the efforts to support a healthy, competitive convenience, comfort and security for customers in
and innovative SP industry. interacting in banking services.
5. POJK Number 12/POJK.03/2018 concerning the D. Banking Digital Technology Security
Implementation of Digital Banking Services for Increased digital transactions need to be followed by reliable
Commercial Banks. In this regulation, banks can banking transaction security as the threat of cybercrime
cooperate with third parties, both banks and non- increases, it needs to be considered when implementing
banks, in terms of digital services to customers. and responding to technological developments. The Bank
6. Regulation of Bank Indonesia Members of the Board maintains cyber resilience supported by an adequate
of Governors No. 23/25/PADG/2021 concerning cyber resilience information system through a process that
Implementation of Bank Indonesia- Fast payment includes:
(BIFAST). In this regulation, Bank Indonesia as the BI- 1. The bank has controlled IT security systems using
FAST service provider is aligned with Bank Indonesia the Nist Cybersecurity Framework Framework which
policy directions in the monetary, macroprudential, includes: Identification, Detection, Protection,
as well as the payment system and rupiah currency Response and Recovery.
management to support the creation of an integrated, 2. The bank carries out security awareness to users every
interoperable and interconnected digital ecosystem. year.
7. POJK Number 13/POJK.03/2021 concerning 3. The bank has optimized the security of Bank Jatim’s
Implementation of Commercial Bank Products. This endpoint, including through information security
regulation regulates Bank products, including new automation
Bank products, which are grouped into Basic Products 4. The Bank periodically carries out penetration testing
Bank and Advanced Products Bank. to test the reliability of the application to support
8. Control Objectives for Information and related business and service needs to make transactions easier
Technology (COBIT) as one of the IT Governance for customers.
frameworks which has an IT Strategic Plan that is
aligned with business strategy.
PT Bank Pembangunan Daerah Jawa Timur Tbk
312 2023 Annual Report
Page 315
INFORMATION
TECHNOLOGY
Bank Jatim has been certified as ISO 27001:2022 A disaster recovery plan works to:
Information Security Management System for JConnect a. Minimize service disruption to customers.
Mobile, SMS Banking and Internet Banking services. b. Maintain operational continuity of information
technology in the event of a disaster/adversity/
E. Disaster (Disruption) Recovery Plan disruption.
The Bank has Business Continuity Information Technology c. Provide assurance that Bank management fulfills its
Guidelines and Disaster Recovery Plan Guidelines as a basis responsibility to protect information sources and
for the availability of data centers, disaster recovery and dual information documents for customers and other
data centers to measure/identify critical business processes parties.
related to application system utilization, Response Point d. The Bank regularly measures the performance of
Objectives (RPO), Response Time Objectives (RTO) and IT resources, applications, networks and capacity
Work Recovery Time (WRT) strictly. planning.
The Bank also has policies related to Disaster Recovery In carrying out information technology operations, the Bank
Plans that support the effectiveness of implementing collaborates with Data Center Service Providers to maintain
Disaster Recovery Plans when needed. The emergence of server availability and security in accordance with the expected
disaster risk can result in disruption of business operations, Service Level Agreement (SLA).
resulting in increased costs, problems in providing services
to users, decreased productivity in the work environment, In 2023, Bank Jatim through Decree No. 062/2076/HCP/HHCD/
and a worsening of the Bank’s image. Bank business is NOTA has approved and implemented the Organizational
highly dependent on information and the applications Structure of the IT Security Unit which stands independently
that process it, so it would be very worrying if a disruption and separately from Information Technology Management. The
occurred that could paralyze the Bank’s business. Security Unit carried out several things related to the domain of
organizational functions as follows.
In principle, what really needs attention is the occurrence 1. Self Assessment Security IT
of interference factors that can affect the performance of 2. Security Test
IT operational systems. Familiarization with IT devices and 3. Cyber Resilience Test
infrastructure, as well as the various possible disruptions 4. IT Security Awareness
and their consequences is very important because of the 5. IT Security Monitoring
risk of disasters of various intensities and with varying 6. Information Security Standards
levels of disruption to operations. Therefore, banks must
have a strategic plan to ensure business continuity when
unplanned disruptions occur. This plan or strategy is
formulated in the Disaster Recovery Plan.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 313
Page 316
Information Technology
Management Structure
The Bank Jatim IT & Digital Directorate has an Organizational Technology Work Unit Organizational Structure, referring to
Structure of the Information Technology Division, Digital Directors Decree No. 061/218/DIR/PRS/KEP dated December
Banking Division and IT Security Unit which are under 7, 2022), are as follows:
the responsibility of the IT & Digital Director. Information
Director of IT & Digital
Information Technology Digital Banking
Unit IT Security
PT Bank Pembangunan Daerah Jawa Timur Tbk
314 2023 Annual Report
Page 317
INFORMATION
TECHNOLOGY
Information Technology
Work Plan 2024
Transformation is a process that requires many resources achievement of the OPTIMUM 2023-2024 strategy which
and thorough preparation. To achieve the desired results, is focused on strengthening the organization, improving
consistency in implementation is very necessary to create an IT policies, optimizing the Core Banking system, better
effective and targeted synergy. These steps will support the infrastructure management, developing innovative business
applications, and increasing IT system security.
Executive Summary of Digital Transformation Realization
Expanding Customer empowerment
digital ecosystem through Al and ML
Expand product offerings and digital Sharpening digital banking services
capabilities that provide customers with big data as well as AI and ML for
with a seamless experience personalized use of banking services
2024 2026 2028
2025 2027
Laying digital Beyond banking: Intelligent digital ecosystem:
ecosystem foundation Bank Jatim as lifestyle companion Proactive and predictive banking
Building the capabilities and Developing JConnect as an intelligent Developing a smart ecosystem that
infrastructure needed for ecosystem customer assistant that is inseparable can anticipate customer needs
development from everyday life
By referring to the focus of the Information Technology Division’s business plan, information technology development for 2024 can
be described based on 5 (five) main strategies as follows:
1. OPTIMIZE IT FOUNDATION AND SECURITY SYSTEM
No. Project Name Description
Development of Virtual Accounts for the purposes of Central Government Work Unit
1. Virtual Account with Balance Accounts from the Ministry of Finance, transfer transactions between virtual accounts can
be carried out.
Digital Banking Microservices Infrastructure (OS, Database, Microservices Platform) used for implementing Digital
2.
Infrastructure Banking applications.
3. DC-DRC Router and Switch Rejuvenation Rejuvenation of router and switch devices for DC-DRC.
4. Added Nutanix HCI Node Addition of HCI Node devices and DC/DRC Infrastructure at Head Office).
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 315
Page 318
No. Project Name Description
Advanced stage FDS development using machine learning for fraud detection where
5. Fraud Detection System (FDS) Advanced the system is useful for detecting unusual transactions that have the potential to lead to
criminal acts including fraud.
External media for centralized backup of Non-Core Banking System (CBS) and Core
6. Virtual Tape Library (VTL) Infrastructure
Banking System (CBS) data.
Procurement of Infrastructure for Procurement of additional storage used to support the procurement of Data Warehouse
7.
Datawarehouse (Business Intelligence).
Upgrading Routers, Switches and Next Increased branch firewall hardware and software capacity to secure traffic and early
8. Generation Firewalls for Conventional detection of network security.
and Sharia Branches
2. PROVIDE BUSINESS INTELLEGENCE TO SUPPORT
BUSINESS BRANCH AND DIVISION
No. Project Name Description
Make it easier for the Information Technology Division to present reporting by
1. Data Analytics
transforming data reporting into visualization data reporting.
2. Jconnect Branch (CBS New Experience) Centralization of funding and lending operational menus.
3. INNOVATE STREAMLINE AND AUTOMATE BUSINESS
PROCESS
No. Project Name Description
1. Jconnect Loan System Enterprise Services to support processing and monitoring credit applications
Procurement of Business Intelligence (BI) & Enterprise Resource Planning (ERP) in the
2. Jconnect ERP - Automatic Office context of developing BI and ERP solutions according to Bank Jatim’s needs & integrating
the solutions developed with the bank’s current systems and/or infrastructure.
Streamlining Business Process Provide reviews of existing business processes at Bank Jatim and provide business
3.
(Supporting) process flows and recommendations across all divisions that benefit the Company.
Regional Government Credit Card (KKPD) is a credit card that can be used to make
payments for expenditure charged to the APBD, after the card holder’s payment
Supporting Regional Government Credit
4. obligations have been fulfilled by the credit card issuing bank in accordance with
Cards (KKPD) with Mobile
its obligations at the agreed time and regional work units are obliged to pay off the
obligations payment at the agreed time with payment in full at once.
Online or non-cash payment means using a card issued by Bank Jatim, credit card
5. E-Credit Card (QRIS Payment)
management is in the consumer division.
Facilities provided by Bank Jatim to finance debtor trading activities related to foreign
6. Trade Finance (Supporting)
(export-import) and domestic (buying and selling) trade transactions.
Management of mutual fund investment funds whose job is to store securities portfolios
7. Banking Custody (Supporting)
and various other valuable certificates.
8. Improve core banking system Core Banking System assessment by independent consultant.
PT Bank Pembangunan Daerah Jawa Timur Tbk
316 2023 Annual Report
Page 319
INFORMATION
TECHNOLOGY
4. MODERNIZE CUSTOMER EXPERIENCE
No. Project Name Description
The second stage of development of BI-FAST is to bulk credit, direct debit, e-mandate,
1. BI-Fast stage 2
and request for payment features.
Development of Bank Jatim’s EDC to be able to accept debit card transactions from other
2. EDC for Banking
banks or development of other features.
5. UNIFIED SERVICE EXCELLENCE
No. Project Name Description
Monitoring, overseeing, and supervising and providing recommendations on Business
1. Konsultan Project Management dan QA
Intelligent and JConnect GAS – ERP projects.
The process of evaluating and measuring the quality and effectiveness of an organization’s
2. Governance Assesment with COBIT 2019
information technology (IT) governance using the COBIT 2019 Framework.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 317
Page 320
CORPORATE
GOVERNANCE
PT Bank Pembangunan Daerah Jawa Timur Tbk
318 Annual Report 2023
Page 321
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 319
Page 322
Achievements in Implementing
Corporate Governance
Bank Jatim received the TOP GRC (Governance, Risk, and Compliance) Awards 2023 #stars 5. Bank
Jatim was assessed as having systems, infrastructure and implementation related to good corporate
governance (GCG). Apart from that, risk management, compliance management and the use of
digital technology within the Bank are at an extraordinary level. So this really supports the successful
implementation of GRC and the sustainable improvement of the company’s business performance.
Basic for Corporate Governance
Implementation
The implementation of Corporate Governance at Bank Jatim concerning the Stipulation of Governmental Regulations in
always refers to the applicable regulations. The basis for Lieu of Law Number 2 of 2022 concerning Job Creation
implementing Corporate Governance at Bank Jatim is as follows: into Law along with its amendments.
1. Law of the Republic of Indonesia Number 7 of 1992 2. Law of the Republic of Indonesia Number 31 of 1999
concerning Banking as amended several times, lastly concerning Eradication of Corruption Crimes as partially
by Law of the Republic of Indonesia Number 6 of 2023
PT Bank Pembangunan Daerah Jawa Timur Tbk
320 Annual Report 2023
Page 323
CORPORATE
GOVERNANCE
repealed by Law of the Republic of Indonesia Number 1 of 17. POJK Number 37/POJK.03/2019 Concerning Transparency
2023 concerning Criminal Law along with its amendments. and Publication of Bank Reports along with its amendment.
3. Law Number 40 of 2007 concerning Limited Liability 18. POJK Number 11/POJK.03/2016 concerning Obligation
Companies as amended several times, lastly by Law of the of Minimum Capital Requirements for Commercial Banks
Republic of Indonesia Number 6 of 2023 concerning the along with its amendment.
Stipulation of Governmental Regulations in Lieu of Law 19. POJK Number 17 of 2023 concerning Implementation
Number 2 of 2022 concerning Job Creation into Law along of Governance for Commercial Banks along with its
with its amendments. amendment.
4. Corruption Eradication Commission Regulation Number 2 20. POJK Number 8 of 2023 concerning Implementation of
of 2019 concerning Reporting of Gratification. Anti-Money Laundering Program, Prevention of Terrorism
5. Corruption Eradication Commission Regulation Number Funding, and Prevention of Mass Weapon Proliferation
07 of 2016 concerning Procedures for Registration, Funding in the Financial Services Sector along with its
Announcement and Examination of the Assets of State amenmdent.
Administrators along with its amendments. 21. POJK Number 46/POJK.03/2017 tentang concerning
6. POJK Number 33/POJK.04/2014 concerning Directors and Implementation of Compliance Function for Commercial
Board of Commissioners of Issuers or Public Companies Banks along with its amendments.
along with its amendments. 22. POJK Number 1/POJK.03/2019 concerning Implementation
7. POJK Number 34/POJK.04/2014 concerning the of the Internal Audit Function in Commercial Banks along
Nomination and Remuneration Committee of Issuers or with its amendments.
Public Companies along with its amendments. 23. SEOJK Number 32/SEOJK.04/2015 concerning
8. POJK Number 35/POJK.04/2014 concerning Corporate Governance Guidelines for Public Companies.
Secretary of Issuers or Public Companies along with its 24. SEOJK Number 39/SEOJK.03/2016 concerning the Fit and
amendments. Proper Test for Candidates for Controlling Shareholders,
9. POJK Number 21/POJK.04/2015 concerning Guidelines Candidates for Members of the Board of Directors, and
for Implementation of Public Company Governance along Candidates for Members of the Board of Commissioners of
with its amendments. the Bank.
10. POJK Number 45/POJK.03/2015 concerning the 25. SEOJK Number 13/SEOJK.03/2017 concerning
Implementation of Governance in Providing Remuneration Implementation of Governance for Commercial Banks.
for Commercial Banks along with its amendments. 26. SEOJK Number 14/SEOJK.03/2017 concerning
11. POJK Number 55/POJK.04/2015 concerning the Assessment of the Soundness of Commercial Banks.
Establishment and Guidelines for the Work Implementation 27. Articles of Association of PT East Java Regional
of the Audit Committee along with its amendments Development Bank Tbk. along with the changes.
12. POJK Number 4/POJK.03/2016 concerning Assessment
of the Soundness of Commercial Banks along with its In addition to the required provisions of the various laws and
amendments. regulations above, the Company also bases on the GCG
13. POJK Number 5/POJK.03/2016 concerning Bank Business implementation guidelines as follows:
Plans along with its amendments. 1. Principles of Corporate Governance developed by the
14. POJK Number 18/POJK.03/2016 concerning the Organization for Economic Cooperation and Development
Implementation of Risk Management for Commercial (OECD).
Banks along with its amendments. 2. ASEAN Corporate Governance Scorecard.
15. POJK Number 27/POJK.03/2016 concerning the Fit and 3. Indonesian GCG Guidelines developed by the National
Proper Test for Main Parties of Financial Services Institutions Committee on Governance Policy (KNKG).
along with its amendments. 4. Indonesian Banking GCG Guidelines developed by the
16. POJK Number 29/POJK.04/2016 concerning Annual National Governance Policy Committee (KNKG).
Reports of Issuers or Public Companies along with its 5. Principles for Enhancing Corporate Governance published
amendments. by the Basel Committee on Banking Supervision.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 321
Page 324
Structure and Mechanism of
Corporate Governance
Structure of Company Organs
Based on the Law of the Republic of Indonesia Number 40 of 2007 concerning Limited Liability Companies, the Organs of the Company
consists of General Meeting of Shareholders (GMS), Board of Commissioners and Board of Directors. Its administration adopts a two tier
system, namely Board of Commissioners and Board of Directors, who have specific authority and responsibility based on their respective
functions as specified in the Articles of Association and the laws and regulations. Bank Jatim also had supporting organs under the Board
of Commissioners and Directors in order to support the effectiveness of the duties and responsibilities of the Main Organs.
The structure of the corporate organs is presented in the chart below.
Principle
Governance
Transparency Accountability Person in Charge Independence Fairness
Company
General meeting
Shareholders
Main
Organs
Board of
Commissioners
Directors
Committees under the
Board of Commissioners
Monitoring
Audit Committee Committee Committee under the Compliance &
Risk APU-PPT Division
Board of Directors
Remuneration &
Nomination Risk Management
Supporting Committee ALCO Committee Risk Management Division
Committee
Organs
Personnel Corporate Security
Management IT Committee
Committee
Internal Audit
Credit Policy Division
Credit Committee Committee
Product & Network
Committee
Stakeholders
Customer Employee Community
PT Bank Pembangunan Daerah Jawa Timur Tbk
322 Annual Report 2023
Page 325
CORPORATE
GOVERNANCE
Governance Soft Structure
In addition to the structure of the Company’s Organs, Bank Jatim also has a governance soft structure which is the provisions set by
the Board of Directors to implement GCG principles at all levels of the organization. In its implementation, Bank Jatim has various
policies/ guidelines in carrying out its functions and duties which are called the Bank’s governance infrastructure. The objectives of
building the Bank’s governance infrastructure are as follows.
No. Guidelines Guide Numbe Validation Date
1 Articles of Association Deed of Establishment of PT Bank Pembangunan Daerah Jawa May 1, 1999
Timur Number 1 dated May 1, 1999
Deed of Statement of Meeting Resolutions of PT. Bank July 13, 2017
Pembangunan Daerah Jawa Timur Tbk. Number 22 dated July
13, 2017
Deed of Decision of the Extraordinary General Meeting of July 24, 2018
Shareholders Number 92 dated July 24, 2018
Deed of Restatement of Meeting of PT Bank Pembangunan April 22, 2020
Daerah Jawa Timur Resolutions Number 55 dated April 22, 2020
Deed of Restatement of Meeting of PT Bank Pembangunan May 20, 2020
Daerah Jawa Timur Resolutions Number 175 dated May 20, 2020
Deed of Restatement of Meeting of PT Bank Pembangunan May 9, 2023
Daerah Jawa Timur Resolutions Number 15 dated May 9, 2023
2. Board of Commissioners Work Guidelines 060/01/DK/KEP January 15, 2021
3. Directors Work Guidelines 056/006/DIR/CSE/KEP January 17, 2017
4. Board of Commissioners Committee 060/02/DK/KEP January 15, 2021
Implementation Guidelines
5. Board of Commissioners Committee 059/222/DIR/KPT/KEP August 18, 2020
Implementation Guidelines
6. Compliance Guidelines 059/220/DIR/KPT/KEP August 14, 2020
7. Guidelines for Customer Compliant 059/299/DIR/SQA/KEP November 3, 2020
Settlement and Protection
8. Bank Business Plan Guidelines 059/211/DIR/PRS/KEP August 13, 2020
9. Guidelines for Implementation of Anti-Fraud 060/22/DIR/AUI/KEP January 28, 2021
Strategy
10. Guidelines for Advanced Financial Application 058/315/DIR/KPT/KEP November 6, 2019
11. Guidelines for Environmental and Social 059/188.3/DIR/CSE/KEP July 21, 2020
Responsibility
12. Board of Directors Committee Guidelines 062/056/DIR/CSE/KEP July 12, 2023
13. Product Policy and Internal Audit Activities 060/02/04/DIR/AUI/KEP November 30, 2021
14. Product Policy and Risk Management 060/02/01/DIR/MJR/KEP May 4, 2023
Activities
15. Finance or Credit Activity Product Policy (KPA 062/02/02/DIR/MJR/KEP December 5, 2023
PAP)
16. Information Technology Activity and Product 060/02/02/DIR/TEI/KEP August 12, 2021
Policy (KPA)
17. Standard Operating Procedures (SOP) of Bank 062/03/15/DIR/MJR/KEP April 5, 2023
Soundness Assessment
18. Changes to Standard Operating Procedures 060/03/18/DK/KEP June 28, 2021
(SOP) of Nomination and/or Replacement of
Member of the Board of Commissioners and
the Board of Directors
19. SOP of Nomination and/or Replacement 060/03/DK/KEP January 18, 2021
of Member of Committee of the Board of
Commissioners (Independent Party)
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 323
Page 326
No. Guidelines Guide Numbe Validation Date
20. Standard Operating Procedure Internal Audit 061/03/60/DIR/AUI/KEP December 27, 2022
Activities
21. Standard Operating Procedures of 061/03/06/DKM/KEP August 25, 2023
Stipulation of Remuneration Governance for
Management along with its Facilities
22. Standard Operating Procedures (SOP) of 062/03/36/DIR/HCP/KEP June 8, 2023
Grading and Remuneration System
23. Standard Operating Procedures (SOP) of 062/03/69/DIR/AMK/KEP December 12, 2023
Financial Reporting
24. Standard Operating Procedures (SOP) of 062/03/40/DIR/CSE/KEP June 21, 2023
Investor Management
25. Bank Governance Self-Assessment Technical 062/04/29/KPT/SE April 17, 2023
Guidelines
26. Technical Procedures of Investor Management 062/04/66/CSE/SE September 26, 2023
Duties
2. Except for the special rights as mentioned above,
Corporate Governance Mechanism shareholders of series B have the same rights in accordance
with Law no. 40 of 2007 concerning Limited Liability
Shareholders Companies (PT).
In the Articles of Association, Shareholders are Series A In addition, Shareholders also have the right to approve
Shareholders and Series B Shareholders, unless expressly remuneration for members of the Board of Directors and
stated otherwise. The Company’s shares consist of series Board of Commissioners and to propose agenda items for
A shares which are exclusively owned by the Provincial, City the GMS and propose holding a GMS in accordance with
and Regency Governments in East Java and Series B shares the ownership percentage requirements. As long as there is
which can be owned by Directors, Board of Commissioners, no other stipulation in the Articles of Association, series A
Employees, Provincial Governments, City and Regency shareholders & series B shareholders have the same rights
Governments throughout East Java and the community. and every 1 (one) share gives 1 (one) vote.
Rights of The Shareholders All Shareholders have the same rights in obtaining
information related to the Bank. Bank Jatim provides the
By regarding the Articles of Association of the Company based same treatment to all Shareholders in providing information
on the Deed of Restatement of Meeting Resolutions of PT Bank needed by investors or Shareholders so that there is no inside
Pembangunan Daerah Jawa Timur Tbk Number 15 dated May information that is only known by the Majority Shareholders.
9, 2023, Article 5 paragraph (2) of the Articles of Association of The Bank also encourages the involvement of Shareholders
the Company stipulated the rights of shareholders as follows: outside the GMS through investor relations, one on one
1. Series A is shares which give special rights to their holders meetings and analyst meetings.
in the attendance and approval quorum as referred to in
Article 14 of the Articles of Association for:
a. Attending and approving the appointment, dismissal General Meeting of Shareholders
and approval of the resignation of the Directors and
Board of Commissioners. The General Meeting of Shareholders (GMS) of the Company
b. Attending and approving changes in the articles of consisted of the Annual GMS and Extraordinary GMS. Annual
association for issuance of equity securities or changes GMS was held annually no later than 6 (six) months after the
in issued and paid up capital. Company’s financial year was closed. Extraordinary GMS could
c. Attending and approving stock deposits in the form of be held at any time based on the need to discuss and decide
objects other than money, both tangible and intangible on the agenda of the meeting.
objects.
d. Attending and approving the merger, consolidation, Rules of GMS
acquisition and separation and submission of an
application so that the Company is declared bankrupt 1. At the implementation of the GMS, the rules of procedure
and the liquidation of the Company. for the GMS are given to the shareholders who are present.
2. The GMS agenda is read out before the GMS begins.
3. At the opening of the GMS, the chairperson of the GMS
provides an explanation to the shareholders that contains
at least:
PT Bank Pembangunan Daerah Jawa Timur Tbk
324 Annual Report 2023
Page 327
CORPORATE
GOVERNANCE
a. General condition of the Bank. The GMS is chaired by a member of the Board of Commissioners
b. Meeting agenda. who is appointed by the Board of Commissioners who is
c. Decision-making mechanism related to meeting appointed by the Board of Commissioners. In the event that all
agenda through voting method. members of the Board of Commissioners are absent or unable
d. Procedures for exercising shareholder rights to submit to attend due to any reason that does not need to be proven
questions and/or opinions. to a third party, the GMS is chaired by a member of the Board
of Directors who is appointed by the Board of Directors. In the
If the meeting agenda concerns the appointment of members event that all members of the Board of Directors are absent or
of the Board of Directors and/or members of the Board of unable to attend, the GMS shall be chaired by shareholders
Commissioners, the curriculum vitae of prospective members who attend the GMS who are appointed from and by the GMS
of the Board of Directors and/or members of the Board of participants.
Commissioners to be appointed shall be submitted via the
Bank Jatim website. The GMS can be held if attended by shareholders or their
legal proxies who represent more than ½ (one half) of the total
The Process of Implementing a GMS and number of valid shares and the decision is approved by more
Voting than ½ (one half) of the total shares with voting rights present.
in the GMS unless otherwise stipulated in the applicable laws
The GMS is held by making announcements and summons to and regulations.
the Shareholders. Announcement of the GMS shall be made
no later than 14 (fourteen) days prior to the summons for the Each shareholder can be represented at the GMS by other
GMS, excluding the date of announcement and the date of the holders or a third party with a power of attorney. The power of
invitation. Summons to the GMS shall be made no later than 21 attorney form has been available on the Bank website since the
(twenty-one) days before the GMS, excluding the date of the summons for the GMS. Each share gives the owner the right to
summons and the date of the GMS. cast 1 (one) vote. Voting can be done electronically (poll). All
decisions are made based on deliberation to reach consensus.
The summons for the GMS at least contain information on the In the event that a decision based on deliberation to reach a
date of the GMS, the time for holding the GMS, the venue, consensus is not reached, then the decision is made based
provisions for shareholders who are entitled to attend the GMS, on an agreed vote as determined in the articles of association
the agenda of the meeting including an explanation of each of the Bank. The GMS minutes stated that shareholders were
agenda item, and information stating that materials related to given the opportunity to submit questions/opinions.
the agenda of the meeting are available to shareholders from
the date of the invitation to the GMS until the GMS is held.
Implementation of Annual GMS For Fiscal Year 2022 and Its Realization
Information Announcement Invitation Implementation GMS Results
Notifying the Financial Services Advertising the Mengiklankan Advertising Held on April 12, - Submission of Summary
Authority that a meeting would announcement regarding the Invitation to 2023, at the Bank of Minutes to Financial
be held with the letter number: the Invitation of Meeting Shareholders on the Jatim Head Office Services Authority
062/056/DIR/CSE/Srt date to the Shareholders on the Indonesia Stock Exchange number 062/149/DIR/
February 24, 2023 website of the Indonesia website, PT KSEI website, CSE/Srt dated April 14,
Stock Exchange, the the Company’s website 2023
website of PT Kustodian with letter number - Submission of Summary
Sentral Efek Indonesia and 062/107/DIR/CSE/Srt date of Minutes to Financial
the Company’s website March 21, 2023. Calls are Services Authority
on February 8, 2022 the delivered in Indonesian number 062/190/DIR/
Company’s website with and English. CSE/Srt dated May 9,
letter number 062/091/ 2023
DIR/CSE/Srt date March 3,
2023. Announcements are
delivered in Indonesian and
English
Vote Counting Independent Parties
The Company appointed independent parties, namely Notary Sitaresmi Puspadewi Subianto and and PT Datindo Entrycom in
calculating and/or validating votes.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 325
Page 328
Attendance Recapitulation at The Annual GMS for Fiscal Year 2022
The Board of Commissioners and Directors of Bank Jatim who attended the 2022 Annual GMS are as follows.
No. Nama Jabatan Kehadiran
1. Suprajarto President Commissioner Present
2. Muhammad Mas’ud Independent Commissioner Present
3. Heru Tjahjono Commissioner Present
4. Candra Fajri Ananda Independent Commissioner Present
5. Sumaryono Independent Commissioner Present
6. Busrul Iman President Director Present
7. Edi Masrianto Director of Finance, Treasury & Global Services Present
8. Tony Prasetyo Pgs. Compliance Present
9. R. Aried Wicaksono Director of Micro, Retail and Medium Present
10. Eko Susetyono Director of Risk Management Present
11. Zulhelfi Abidin Direktur IT & Digital Present
Decisions and Realization of the Annual GMS for Fiscal Year 2022
First Meeting Agenda Status
Approval of the Company’s Annual Report regarding the Condition and Operation of the Company during the 2022 Financial Realized
Year, including the Report on the Implementation of the Supervisory Duties of the Board of Commissioners during the 2022
Financial Year and the Ratification of the Company’s Financial Statements for the 2022 Financial Year.
The total of Shareholders submitting Questions and/or providing opinions was 3 (three) people.
Voting Results
In Favor: 12.638.735.377 shares (99,940%) consisting of Series A: 11.862.056.231 shares and Series B: 776.679.146 shares
Against : 30.100 shares (0,0002%) which were all Series B Shares
Abstain : 7.449.176 shares (0,058%) which were all Series B Shares
Decision
1. Approve and certify:
a. The Company’s Annual Report that has been submitted by the Board of Directors for the 2022 Fiscal Year.
b. Supervisory Task Report that has been submitted by the Board of Commissioners for Fiscal Year 2022.
c. Laporan The Company’s Financial Statements for the financial year ended December 31, 2022 which have been audited
by the Public Accounting Firm of Paul Hadiwinata, Hidajat, Arsono, Retno, Palilingan & Partner in accordance with the
Independent Auditor’s Report dated February 13, 2023, with a Fair opinion in all material respects.
2. With the approval and ratification of the Annual Report, Report on the Supervisory Duties of the Board of Commissioners
and the Company’s Financial Statements for the 2022 Financial Year, the Meeting granted full discharge and release from
responsibilities (acquit et de charge) to all members of the Board of Directors for management actions and to all members of
the Board of Directors. Commissioner for supervisory actions that have been carried out during the financial year ending on
December 31, 2022 to the extent of such actions reflected in the Company’s Financial Statements.
Second Meeting Agenda Status
Determination of the use of the Company’s net profit for the financial year 2021 including the provision of bonuses for employees Realized
as well as bonuses and remuneration for the Board of Directors and the Board of Commissioners.
The total of Shareholders submitting Questions and/or providing opinions was 2 (two) people.
Voting Results
In Favor : 12.463.237.845 shares (98,553%) consisting of Series A: 11.862.056.231 shares and Series B: 601.181.614 shares
Against : 182.845.508 shares (1,445%) which were all Series B shares
Abstain : 131.300 shares (0,001%) which were all Series B shares
PT Bank Pembangunan Daerah Jawa Timur Tbk
326 Annual Report 2023
Page 329
CORPORATE
GOVERNANCE
Second Meeting Agenda Status
Decision
1. Approving of the use of the Company’s profits for the Fiscal Year of 2022, as follows:
a. In the amount of IDR 797.793.173,38 (seven hundred ninety seven billion one hundred seventy two million seven
hundred ninety three thousand one hundred seventy three Rupiah point thirty eight cents) or 51,667% (fifty-one point
sixty-six percent) of the net profit for the Fiscal Year of 2022 is set as cash dividend for the Fiscal Year of 2022, so
it amounts IDR 53,09 (fifty three point zero nine cents) per share, designated as cash dividend for the Fiscal Year of
2022 will be distributed in cash to all shareholders registered in Register of Shareholders of the Company as of May 2,
2023 and paid on May 12, 2023. Furthermore, granting power and authority to the Board of Directors to regulate the
procedure for the payment of the cash.
b. In the amount of IDR 745.651.466,62 (seven hundred forty five billion six hundred fifty one million six hundred one
thousand four hundred sixty six rupiah point sixty two cents) or 48,33% (forty-eight point thirty-three percent) set as
General Reserve.
2. Furthermore, in accordance with the provisions of the applicable Financial Accounting Standards Regulations, we
propose to determine the distribution of employee bonuses and tantiem for the Company’s Management, such as the
Board of Directors and the Board of Commissioners including the Sharia Supervisory Board along with those who assist
the Board of Commissioners, the duties of the Board of Commissioners, including the Sharia Supervisory Board for the
Fiscal Year of 2022, an allowance of IDR 385.706.139.127,45 (three hundred eighty five billion seven hundred six million
one hundred thirty nine thousand one hundred twenty seven Rupiah point forty five cents) with the same percentage
distribution as the previous year, as follows:
a. Employee bonus of 85% (eighty-five percent).
b. The Tantiem of the Company’s Management, such as the Board of Commissioner along with those who assist the
duties of the Board of Commissioner, including Sharia Supervisory Board of 15% (fifteen percent). Of the total that
will be paid in cash and in accordance with the provisions of POJK Number 45/POJK.03/2015, mainly for the Board of
Commissioners and the Board of Directors, there will be the retained tantiem in cash and shares through Long Term
Incentive program.
3. Granting authority and power to the Board of Commissioners to determine the remuneration of the Company’s
management, such as the Board of Directors and the Board of Commissioners together with those who assist the duties
of the Board of Commissioners including the Sharia Supervisory Board in 2023 by considering the proposals from the
Remuneration and Nomination Committee and reporting on the Annual Report.
Third Meeting Agenda Status
Granting Power of Attorney to the Board of Commissioners to Appoint a Public Accounting Firm to Audit the Company’s Realized
Financial Statements for the 2023 Financial Year.
There were no Shareholders asking Questions and/or providing opinions
Voting Results
In Favor : 12.486.364.745 shares (98,735%) consisting of Series A: 11.862.056.231 shares and Series B: 624.308.514 shares
Against : 159.719.108 shares (1,262%) which were all Series B shares
Abstain : 130.800 shares (0,001%) which were all Series B shares
Decision
Approved to grant authorization to the Board of Commissioners to appoint a public accounting firm to audit the company’s
financial statements for the 2023 financial year.
Fourth Meeting Agenda Status
Approval of the Company’s Corporate Action Realized
The total of Shareholders submitting Questions and/or providing opinions was 1 (one) people.
Voting Results
In Favor : 12.002.342.731 shares (94,908%) consisting of Series A: 11.862.056.231 shares and Series B: 140.286.500 shares
Against : 643.740.622 shares (5,090%) which were all Series B shares
Abstain : 131.300 shares (0,001%) which were all Series B shares
Decision
Approving the corporate action of capital participation in Bank NTB Syariah of a maximum of 15% of the total of paid-up equity
participation of shareholders of the Province, Regency and City of West Nusa Tenggara Government. The said equity participation
of Bank Jatim is part of the formation process of a Bank Business Group (KUB) as referred to POJK Number 12/POJK.03/2020
concerning the consolidation of commercial banks, currently in the due diligence stage, which the implementation is carried out
with due observance of the applicable statutory. This equity participation is in terms of the satisfaction of Regional Regulation of
East Java Province No. 8 of 2019 concerning Regional-Owned Enterprises.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 327
Page 330
Fifth Meeting Agenda Status
Changes to Article of Association Realized
There were no Shareholders asking Questions and/or providing opinions
Voting Results
In Favor : 12.002.543.631 share (94,910%) consisting of Series A: 11.862.056.231 shares and Series B: 140.487.400 shares
Against : 643.540.122 shares (5,088%) which were all Series B shares
Abstain : 130.900 shares (0,001%) which were all Series B shares
Decision
1. Approving changes to the Company’s Articles of Association, as follows:
a. Changes related the adjustment to:
- Law of the Republic of Indonesia Number 7 of 1992 concerning Banking as amended several times, lastly by Law of the
Republic of Indonesia Number 6 of 2023 concerning the Stipulation of Governmental Regulations in Lieu of Law Number
2 of 2022 concerning Job Creation into Law.
- Regulation of Statistic Central Agency Number 2 of 2020 regarding Indonesian Business Classification Standard.
In article l 3 regarding purpose, objectives, and business activities.
b. Supplement to the provisions related to “quorum of Decisions of GMS in case the management (the Board of Directors and
the Board of Commissioners) occurs, either nomination, dismissal, or approval for resignation in Article 14 Section (4).
c. Other changes in Articles of Association of PT Bank Jatim are editorial adjustment as follows:
- Addition to the provision of term “Good Governance” in “Good Corporate Governance” of Article 16 section (4).
- Adjustment to the provisions of Duties and Authorities of the Board of Directors in article 16 section 10.D.1. The phrase
“Credit Relief” becomes “Credit Written-off”.
- Changes to Drafting of “Regulation of Bapepam LK Number .X.K.2” becomes “in the Capital Market Sector” Article
22 Section (6) Work Plan, Fiscal Year, and Annual Report.
- Adjustment to the Mention of “Minister” becoming “Minister of Law and Human Rights” of Article 4 (Capital) section (7)
and Article 14 (Quorum, Voting Rights, Decision and Code of Conduct) section (3).
- Changes to the Term “Bank Indonesia” becoming “Financial Services Authority”.
- Adjustment to the Term “General Meeting of Shareholders” becoming “GMS.”
- Consistency of the Use “A” Letter (Captal Letter) in “Article” and “s” (small letter) in “section”.
- Adjustment to the point reference in Article of Articles of Assocation by referring to point in Article of Articles of
Association, such as in Article 14 section (2) point a number 2 and 3.
2. Granting power and authority to the Company’s Board of Directors with the right of substitution to carry out all required
actions related to decision of the agenda of this Meeting, including drafting and restament all Articles of Association in
a notarial deed and, accordinglu, submitting to the authorized party including regulator to obtain approval or receipt of
notification of changes to Article of Association.
Sixth Meeting Agenda Status
Changes in the Composition of the Company’s Management Realized
The total of Shareholders submitting Questions and/or providing opinions was 1 (one) people.
Voting Results
In Favor : 11.896.417.553 shares (94,070%) consisting of Series A: 11.829.395.753 shares and Series B: 67.021.800 shares
Against : 748.860.300 shares (5,921%) consisting of Series A: 32.660.478 shares and Series B: 716.199.822 shares
Abstain : 936.800 shares (0,007%) which were all Series B shares
Decision
1. Honorably discharging members of the Board of Commissioners and members of the Sharia Supervisory Board whose their
term of office has ended, as follows:
Independent Commissioner : Muhammad Mas’ud
Commissioner : Heru Tjahjono
Sharia Supervisory Board : KH Affifudin
Sharia Supervisory Board : Saad Ibrahim
as of the closing of this Meeting with the greatest gratitude to them.
2. Approving and nominating the Company’s Management, consisting of the Board of Commissioners, the Board of Directors,
and Sharia Supervisory Board, as follows:
a. Independent Commissioner : Muhammad mas’ud
Commissioner : Adhy Karyono*
Starting from the closing of this Meeting with a term of office until the closing of the 4th (Fourth) Annual General Meeting
of Shareholders since their nomination date, or after their substitute have passed compliance and performance assessment
by the Financial Services Authority.
*applicable since passing compliance and performance assessment by the Financial Services Authority.
b. Director of Compliance : Tony Prasetyo
Starting from the closing of this Meeting with a term of office until the closing of the 1st (First) Annual General Meeting of
Shareholders since their nomination date, or after their substitute have passed compliance and performance assessment
by the Financial Services Authority.
*applicable since passing compliance and performance assessment by the Financial Services Authority.
PT Bank Pembangunan Daerah Jawa Timur Tbk
328 Annual Report 2023
Page 331
CORPORATE
GOVERNANCE
Sixth Meeting Agenda Status
c. Director of Operations : Arif Suhirman Realized
Starting from the closing of this Meeting with a term of office until the closing of the 5th (Fifth) Annual General Meeting of
Shareholders since their nomination date, or after their substitute have passed compliance and performance assessment
by the Financial Services Authority.
*applicable since passing compliance and performance assessment by the Financial Services Authority.
d. Sharia Supervisory Board : KH Affifudin
Sharia Supervisory Board : Sukadiono*
Starting from the closing of this Meeting with a term of office until the closing of the 4th (Fourth) Annual General Meeting
of Shareholders.
*applicable after obtaining recommendations from National Sharia Supervisory Board-the Ulema Council of Indonesia and
receiving approval from the Financial Services Authority.
3. GMS grants power to the Board of Commissioners to make structural division of Head and Member of Sharia Supervisory
Board.
Hence, the composition of the Company’s Management consists of:
Board of Commissioners
President Commissioner : Suprajarto
Independent Commissioner : Muhammad Mas’ud
Independent Commissioner : Sumaryono
Independent Commissioner : Candra Fajri Ananda
Independent Commissioner : Adhy Karyono
Board of Directors
President Director : Busrul Iman
Director of Micro, Retail, and Medium : R. Arief Wicaksono
Director of Compliance : Tonny Prasetyo
Director of Finance, Treasury & Global Services : Edi Masrianto
Director of Operations : Arif Suhirman
Director of IT & Digital : Zulhelfi Abidin
Director of Risk Management : Eko Susetyo
Sharia Supervisory Board
Sharia Supervisory Board : KH. Affifudin
Sharia Supervisory Board : Sukadiono
4. Granting power to the Board of commissioners to stipulate remuneration of the Board of Directors appointed until the
notification of the results of compliance and performance assessment of the Financial Services Authority by considering
recommendations from Remuneration and Nomination Committee.
5. Granting power and authority to the Board of Directors with the right of substitution to carry out all necessary process and
actions, including notification of the regulations as required in the applicable laws and regulations.
Implementation of Annual GMS For Fiscal Year 2021 and Its Realization
Information Announcement Invitation Implementation GMS Results
Notifying the Financial Services Advertising announcement Advertising announcement Held on March 17, - Submission of the
Authority that a meeting would regarding the Invitation regarding the Invitation 2022, at the Bank Summary of Minutes to
be held with the letter number: of the Meeting to of the Meeting to Jatim Head Office the Financial Services
061/040/DIR/CSE/SRT Shareholders in Indonesian Shareholders in Indonesian Authority number
Stock Exchange website, Stock Exchange website, 061/072/DIR/CSE/Srt
PT. Kustodian Sentral PT. Kustodian Sentral date March 21, 2022
Efek Indonesia website Efek Indonesia website - Submission of Minutes
and Company website and Company website on to the Financial Services
on February 8, 2022. February 23, 2022. Calls Authority number
Announcements are are delivered in Indonesian 061/083/DIR/CSE/Srt
delivered in Indonesian and and English. date April 5, 2022
English
Vote Counting Independent Parties
The Company appointed independent parties, namely Notary Sitaresmi Puspadewi Subianto and and PT Datindo Entrycom in
calculating and/or validating votes.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 329
Page 332
Attendance Recapitulation at The Annual GMS for Fiscal Year 2021
The Board of Commissioners and Directors of Bank Jatim who attended the 2021 Annual GMS are as follows.
No. Name Position Attandance
1. Muhammad Mas’ud Independent Commissioner Present
2. Candra Fajri Ananda Independent Commissioner Present
3. Heru Tjahjono Commissioner Present
4. Busrul Iman President Director, Pgs. Director of Commercial & Corporate Present
5. Erdianto Sigit Cahyono Director of Compliance and Risk Management Present
6. Tonny Prasetyo Director of IT and Operations Present
7. Rizyana Mirda Director of Business Risk Present
Decisions and Realization of the Annual GMS for Fiscal Year 2021
First Meeting Agenda Status
Approval of the Company’s Annual Report regarding the Condition and Operation of the Company during the 2021 Financial Realized
Year, including the Report on the Implementation of the Supervisory Duties of the Board of Commissioners during the 2021
Financial Year and the Ratification of the Company’s Financial Statements for the 2021 Financial Year.
There were no Shareholders asking Questions and/or providing opinions
Voting Result
Setuju : 13.076.836.318 Saham (99,941%) consisting of 11.934.147.982 Series A shares and 1.142.688.336 Series B shares
Against : 7.200 shares (0,0000550%) %) which are all Series B Shares
Abstain : 7.704.976 saham (0,058%) which are all Series B Shares
Decision
1. Approve and certify:
a. The Company’s Annual Report that has been submitted by the Board of Directors for the 2021 Fiscal Year;
b. Supervisory Task Report that has been submitted by the Board of Commissioners for Fiscal Year 2021;
c. Laporan The Company’s Financial Statements for the financial year ended December 31, 2021 which have been audited by
the Public Accounting Firm of Kanaka Puradiredja, Suhartono in accordance with the Independent Auditor’s Report dated
January 31 (thirty one), 2022 (two thousand twenty two), with a Fair opinion in all material respects.
2. With the approval and ratification of the Annual Report, Report on the Supervisory Duties of the Board of Commissioners
and the Company’s Financial Statements for the 2021 Financial Year, the Meeting granted full discharge and release from
responsibilities (acquit et de charge) to all members of the Board of Directors for management actions and to all members of
the Board of Directors. Commissioner for supervisory actions that have been carried out during the financial year ending on
December 31, 2021 to the extent of such actions reflected in the Company’s Financial Statements.
Second Meeting Agenda Status
Determination of the use of the Company’s net profit for the financial year 2021 including the provision of bonuses for employees Realized
as well as bonuses and remuneration for the Board of Directors and the Board of Commissioners.
There were no Shareholders who asked questions and/or gave opinions.
Voting Results
In Favor : 12.887.092.412 shares (98,490%) consisting of 11.934.147.982 Series A shares and 952.944.430 Series B shares.
Against : 197.062.282 shares (1,506%) which are all Series B Shares
Abstain : 393.800 shares (0,003%) which are all Series B Shares
PT Bank Pembangunan Daerah Jawa Timur Tbk
330 Annual Report 2023
Page 333
CORPORATE
GOVERNANCE
Second Meeting Agenda Status
Decision
1. Approved the Allocation of Compaby Profits for the Fiscal Year 2020 as follows:
a. In the amount of IDR782.457.605.053,02 (seven hundred eighty two billion four hundred fifty seven million six hundred five
thousand fifty three point zero two) or 51,37% (fifty one point thirty seven percent) of the net profit for the Fiscal Year 2021 is
designated as cash dividends for the Fiscal Year 2021. Consequently, an amount of IDR52.11 (fifty two point eleven rupiah)
per share is established as cash dividends for the Fiscal Year 2021, to be distributed in cash to all shareholders recorded
in the Company’s Shareholder Registry as of March 29, 2022, and will be paid on April 14, 2022. Furthermore, hereby
empowering and authorizing the Board of Directors to arrange the procedures for the payment of such cash dividends.
b. In the amount of IDR740.612.233.364,98 (seven hundred forty billion six hundred twelve million two hundred thirty three
thousand three hundred sixty four point ninety eight) or 48,63% (forty eight point sixty three percent), designated as
General Reserve.
2. Furthermore, in accordance with the provisions of the applicable Financial Accounting Standards Regulation, we propose the
approval of the distribution of employee bonuses and directors’ bonuses (tantiem) for the Company’s Management, namely
the Board of Directors and the Board of Commissioners, along with those who assist the tasks of the Board of Commissioners,
including the Sharia Supervisory Board for the Fiscal Year 2021, to be allocated in the amount of IDR380.767.459.605,00
(three hundred eighty billion seven hundred sixty seven million four hundred fifty nine thousand six hundred five rupiahs). The
distribution percentage remains the same as the previous year and is as follows:
a. Employee bonus of 85% (eighty-five percent);
b. The Tantiem of the Company’s Management, namely the Board of Directors and the Board of Commissioners along with
those who assist the duties of the Board of Commissioners including the Sharia Supervisory Board, is 15% (fifteen percent).
Of this amount will be paid in cash, and in accordance with the provisions of POJK Number 45/POJK.03/2015 specifically
for the Board of Commissioners and the Board of Directors there are bonuses that will be suspended in the form of cash
and shares through the Long Term Incentive program.
3. Granting authority and power to the Board of Commissioners to determine the remuneration of the Company’s management,
namely the Board of Directors and the Board of Commissioners together with those who assist the duties of the Board of
Commissioners including the Sharia Supervisory Board in 2022 by taking into account the proposals from the Remuneration
and Nomination Committee and reporting on the Annual Report.
Third Meeting Agenda Status
Granting Power of Attorney to the Board of Commissioners to Appoint a Public Accounting Firm to Audit the Company’s Realized
Financial Statements for the 2022 Financial Year.
There were no Shareholders who asked questions and/or gave opinions.
Voting Results
In Favor : 12.740.945.786 shares (97,373%) consisting of 11.934.147.982 Series A Shares and 806.797.804 Series B Shares
Against: 343.215.408 shares (2,623%) which are all Series B Shares
Abstain : 387.300 shares (0,002%) which are all Series B Shares
Decision
Approved to grant authorization to the Board of Commissioners to appoint a public accounting firm to audit the company’s
financial statements for the 2022 financial year.
Fourth Meeting Agenda Status
Changes in the Composition of the Company’s Management Realized
The number of shareholders who asked questions and/or gave opinions was 1 person.
Voting Results
In Favor : 12.610.256.158 Shares (96,375%) consisting of 11.893.555.054 Series A Shares and 716.701.104 Series B Shares
Against: 401.695.608 shares (3,069%) which are all Series B Shares
Abstain : 72.596.728 shares (0,554%) consisting of 40.592.928 Series A Shares and 32.003.800 Series B Shares
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 331
Page 334
Fourth Meeting Agenda Status
Decisions
1. Approving and appointing members of the Board of Commissioners effective from the conclusion of this meeting, with their term
of office ending at the close of the 4th Annual General Meeting of Shareholders following their appointment date, namely:
President Commissioner : SUPRAJARTO;
Independent Comissioner : SUMARYONO;
2. Approving and appointing members of the Board of Directors effective from the conclusion of this meeting, with their term of
office ending at the close of the 5th Annual General Meeting of Shareholders following their appointment date, namely:
Director of Commercial and Corporate : EDI MASRIANTO;
Director of Consumer Retail and Sharia Business : R. ARIEF WICAKSONO
3. Honorably dismissing the members of the Board of Directors effective immediately upon the conclusion of the meeting,
expressing sincere appreciation for their significant contributions of effort and ideas during their tenure as directors, namely:
Director of Business Risk : RIZYANA MIRZA ;
Director of Finance : FERDIAN TIMUR SATYAGRAHA
Thus, the composition of the Board of Commissioners was as follows:
The Board of Commisioners
President Commisioner : SUPRAJARTO;
Independent Commisioner : MHAMMAD MAS’UD;
Independent Commisioner : CANDRA FAJRI ANANDA;
Independent Commisioner : SUMARYONO;
Commissioner : HERU TJAHJONO;
Directors
President Director : BUSRUL IMAN;
Director of Compliance and Risk Management : ERDIANTO SIGIT CAHYONO;
Director of IT and Operations : TONNY PRASETYO;
Director of Commercial and Corporate : EDI MASRIANTO
Director of Consumer Retail and Sharia Business : R. ARIEF WICAKSONO;
Director of Finance :-
Director of Risk Management :-
4. Granting authority to the Governor of East Java to conduct the selection of candidates for the Company’s management whose
terms have expired and/or in the event of a vacancy in a position.
5. Regarding the appointment to fill the vacant position of a member of the Board of Directors, approval will be sought at the
upcoming General Meeting of Shareholders to be convened by the Company, considering the current conditions. This may
extend beyond the time limit stipulated in the Company’s Articles of Association for the appointment of a vacant position on
the Board of Directors.
6. Granting authority to the Board of Commissioners to assign responsibilities to the existing Directors.
7. Granting authority and power to the Board of Directors with substitution rights to carry out all processes and actions necessary,
including notifications to regulatory authorities as required by applicable laws and regulations.
Implementation of The Extraordinary GMS In 2022 and Its Realization
Information Announcement Invitation Implementation GMS Result
Notification of the meeting Advertise the Advertise the Invitation to Held on December - Submission of the
to be held to the Financial announcement regarding the Shareholders on the 7, 2022, at the Bank Summary of Minutes to
Services Authority with letter the Invitation of Meeting Indonesia Stock Exchange Jatim Head Office the Financial Services
number: 061/315/DIR/CSE/ Srt to the Shareholders on the website, PT KSEI website, Authority number
website of the Indonesia the Company’s website on 061/408/ DIR/CSE/Srt
Stock Exchange, website of November 15, 2022. Calls December 8, 2022
PT Kustodian Sentral Efek are delivered in Indonesian - Submission of Minutes
Indonesia, website of the and English. to the Financial Services
Company on October 31, Authority number
2022. Announcements are 061/432/DIR/CSE/Srt
delivered in Indonesian and December 27, 2022
English
Vote Counting Independent Parties
The Company appointed independent parties, namely Notary Sitaresmi Puspadewi Subianto and and PT Datindo Entrycom in
calculating and/or validating votes.
PT Bank Pembangunan Daerah Jawa Timur Tbk
332 Annual Report 2023
Page 335
CORPORATE
GOVERNANCE
Attendance Recapitulation at The 2022 Extraordinary GMS
The Board of Commissioners and Directors of Bank Jatim presented at the 2022 Extraordinary GMS were as follows.
No. Name Position Attandance
1. Suprajarto President Commissioner Present
2. Muhammad Mas’ud Independent Commissioner Present
3. Candra Fajri Ananda Independent Commissioner Present
4. Sumaryono Independent Commissioner Present
5. Heru Tjahjono Commissioner Present
6. Busrul Iman President Director Present
7. Tonny Prasetyo Director of IT and Operation Present
8. Edi Masrianto Director of Commercial & Corporate Present
9. R. Arief Wicaksono Director of Consumer, Retail and Sharia Business Present
Decision and Realization of The Extraordinary GMS In 2022
First Meeting Agenda Status
Changes in the Composition of the Company’s Management Realized
The number of shareholders who asked questions and/or gave opinions was 2 people.
Voting Results
In Favor : 12.197.602.356 Shares (96,21%) consisting of 11.651.177.942 Series A Shares and 546.424.414 Series B shares
Against : 263.558.908 shares (2,07%) which are all Series B Shares
Abstain : 215.795.795 shares (1,70%) consisting of 215.763.995 Series A Shares and 31.800 Series B shares
Decision
Changes in the Composition of the Company’s Management
1. Approve and appoint members of the Board of Directors as of the close of the Meeting with the term of office ending at the
close of the 5th (fifth) Annual General Meeting of Shareholders from the date of appointment, namely:
— Mr. ZULHELFI ABIDIN as IT and Digital Director;
— Mr. EKO SUSETYONO as Director of Risk Management;
2. Respectfully dismiss Mr. ERDIANTO SIGIT CAHYONO from his position as Director of Compliance and Risk Management as
of the closing of the Meeting with thanks for the contribution of energy and thoughts given while serving in the Company.
With the changes above, the composition of the Board of Directors was adjusted to the change in the nomenclature of the
Board of Directors in the Company’s Organizational Structure as follows:
Direksi
President Director : BUSRUL IMAN;
Director of Micro, Retail & Medium : R. ARIEF WICAKSONO;
Compliance Director :-
Director of Finance, Treasury & Global Services : EDI MASRIANTO;
Director of Operations : TONNY PRASETYO;
IT & Digital Director : ZULHELFI ABIDIN;
Director of Risk Management : EKO SUSETYONO.
3. Grant power of attorney to the Board of Commissioners to distribute the duties of vacant Directors to existing Directors.
4. Grant power and authority to the Board of Directors with the right of substitution to carry out all necessary processes and
actions, including notifications to the regulators as required in the applicable laws and regulations.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 333
Page 336
out all actions in every event, both regarding management
Board of Directors and ownership.
5. The Board of Directors in writing may hand over the power
The Board of Directors is an organ of the Company which is of representing the Bank to a person or several members
authorized and responsible for carrying out all actions related of the Board of Directors specifically appointed or to one
to the management and ownership of the Bank for the interest or more Bank employees, either alone or together or to
of the Bank in accordance with the Bank’s aims and objectives. another person or entity.
6. The division of management tasks and authorities among
Duties and Responsibilities of The Board of the members of the Board of Directors is determined based
Directors on a decision of the GMS, in the event that the GMS does
not stipulate, the distribution of duties and authority of the
The duties and responsibilities of the Board of Directors were members of the Board of Directors is determined based on
stipulated in the Board of Directors Work Guidelines. The duties the decision of the Board of Directors.
and responsibilities of the Board of Directors are as follows: 7. The Board of Directors based on applicable legislation can
1. The Board of Directors is in charge of running and being do the following:
responsible for the management of the Company for the a. Issue bonds.
benefit of the Company in accordance with the aims and b. Buy, sell or otherwise obtain or release rights to
objectives of the Company as stipulated in the Articles inventory items belonging to the bank.
of Association, including reviewing, monitoring and c. Binding the Bank as a guarantor of third party obligations.
supervising the Company’s strategy. d. Mortgaging Bank goods.
2. Each member of the Board of Directors must carry out e. Equity participation in other companies insofar as they
their duties and responsibilities in good faith, with full do not conflict with applicable laws and regulations.
responsibility and prudence. f. Set up new business units.
3. Each member of the Board of Directors is jointly and 8. The Board of Directors for certain actions has the right to
severally responsible for the loss of the issuer or public appoint one or more representatives or proxies by giving
company caused by errors or negligence of the members him the power regulated in a power of attorney. Members
of the Board of Directors in carrying out their duties. of the Board of Directors are prohibited from giving general
4. Members of the Board of Directors cannot be held liable power of attorney to other parties which results in the
for the loss of the issuer or company if it can prove: transfer of duties and functions of the Board of Directors.
a. The loss is not due to an error or negligence. 9. In terms of the Company has contrary interests to the
b. Has carried out management in good faith, full of personal interests of the Board of Directors member, then
responsibility and prudence for the interests and in the Company will be represented by another member of the
accordance with the aims and objectives of the Company. Board of Directors and in the event that the Company has
c. Has no conflict of interest, either directly or indirectly, an interest that is contrary to the interests of all members
over management actions that result in losses. of the Board of Directors, in this case the Company is
d. Has taken steps to prevent the loss from arising or represented by the Commissioner.
continuing. 10. The Board of Directors has the right to write off claims on
interest, fines and / or other costs other than the principal
Rights and Authority of The Board of Directors amount of credit while adhering to the prevailing laws and
regulations.
The rights and authority of the Board of Directors are as follows: 11. The Board of Directors had the right to receive remuneration
1. Members of the Board of Directors are given a salary as a reward determined and given to members of the
including the facilities and/or allowances. The amount Board of Directors, both permanent and variable, in cash
of salary along with the facilities and/or allowances of or in cash in accordance with their duties, powers and
members of the Board of Directors is determined based on responsibilities.
the resolution of the GMS and the authority of the GMS is
delegated to the Board of Commissioners. Term of Office of The Board of Directors
2. The Board of Directors appoints and dismisses the Bank’s
employees based on the Bank’s employment regulations The term of office of members of the Board of Directors
and prevailing laws and regulations. Directors is a maximum of 5 (five) years from the date specified
3. The Board of Directors determines the organizational in the GMS of appointment and ends at the close of the 5th
structure and work procedures of the Bank by reporting to (fifth) Annual GMS after the date of appointment or until
the commissioners. the closing of the Annual GMS at the end of 1 (one) term of
4. The Board of Directors has the right to represent the office, unless stipulated otherwise in the GMS, and may be
company, both inside and outside the court on all matter, reappointed for a second term if they have demonstrated
bind the company with other parties and vice versa, conduct
PT Bank Pembangunan Daerah Jawa Timur Tbk
334 Annual Report 2023
Page 337
CORPORATE
GOVERNANCE
good performance by achieving the targets set by the General - Loyal and obedient to the state and government of
Meeting of Shareholders for each Director, without prejudice the Republic of Indonesia.
to the rights of the General Meeting of Shareholders to dismiss - Not involved directly or indirectly in treasonous
them at any time based on reasons specified in the Articles of activities to the Republic of Indonesia.
Association. Individuals who are capable of carrying out legal
actions, unless within 5 (five) years prior to the
Requirements for The Board of Directors appointment the person concerned has:
- Declared bankrupt.
Structure and Membership - Being a member of the Board of Directors or Board
1. The Company is managed and led by a Board of Directors of Commissioners who is found guilty of causing a
consisting of at least 3 (three) Directors, one of whom is company to be declared bankrupt
appointed as President Director. b. Material Terms
2. The members of the Board of Directors are appointed and - Having competence, good moral integrity. The
dismissed by the GMS. person concerned had never been involved in:
3. Detailed procedures for the appointment of members of • Engineering acts and deviant practices in
the Board of Directors will be stated in a resolution of the the management of the company/institution
GMS. where the person concerned worked prior to
nomination (behaving dishonestly).
General Requirement • Acts of default in accordance with the
commitments that had been agreed with
To be appointed as a member of the Board of Directors, the the company/institution where the person
following requirements are met: concerned works prior to nomination.
1. Healthy as physically and spiritually. • Actions categorized as being able to provide
2. Have expertise, integrity, leadership, experience, honesty, unlawful benefits in the company/institution
good behavior, and high dedication to advancing and where the person concerned works prior to
developing the company. nomination.
3. Understand the implementation of regional government. • Acts categorized as a violation of the provisions
4. Understand the management of the company. relating to the principles of healthy company
5. Have adequate knowledge in the field of business of the management (bad behavior).
company. - Having expertise in banking or financial institutions,
6. The minimum degree is Strata I (S-1). as evidenced by a track record of at least the last 5
7. Minimum 5 (five) years of work experience in the managerial (five) years and attach a photocopy of a certificate
field of a legal entity company and has led a team. from training in banking or financial institutions that
8. Never been a member of the Board of Directors, member the person had attended.
of the Supervisory Board, or member of the Board of - The majority of members of the Board of Directors
Commissioners who was found guilty of causing the must have at least 5 (five) years of experience in
business entity to be led to be declared bankrupt. the operational field, the lowest being a bank
9. Never been punished for committing a crime that was executive officer.
detrimental to state finances or regional finances. - Having a high commitment to the progress
10. Not currently undergoing criminal sanctions. and development of the company as well as a
11. Not being an administrator of a political party, candidate commitment to comply with laws and regulations.
for regional head or candidate for deputy regional head, - Did not have non-performing credit/bad credit.
and/or candidate for member of the legislature. - Having a risk management competency test
12. Not a member of the Indonesian National Army Forces, certificate level 5 (five), by attaching a BSMR/
Indonesian National Police, and/or Civil Servant, except for LSPP certificate. Candidates who had level 4
Civil Servants assigned as temporary Directors as regulated (four) certificates could register and immediately
in East Java Provincial Regulation Number 8 of 2019 complete BSMR/LSPP level 5 (five) to get approval
concerning Regional Owned Enterprises. from the Financial Services Authority.
13. Has fulfilled 3 (three) kinds of requirements, namely - Psychologically, the person concerned had an
Formal Requirements, Material Requirements, and Other adequate level of Intellectual, emotional, and
Requirements, among others: spiritual intelligence to carry out the duties as a
a. Formal Terms member of the Board of Directors.
Indonesian Citizens who:
- Trust in the Almighty God.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 335
Page 338
c. Other Terms Board of Directors Guidelines and Work
- Willing to comply with the prevailing laws and Procedures
regulations, especially in the banking sector.
- Having no family relationship up to the second The Board of Directors has a Board Charter for the Board of
degree including fellow members of the Directors as referred to in Decree of the Board of Directors
Board of Directors or members of the Board of Number 056/006/DIR/CSE/KEP dated January 17, 2017
concerning the Work Guidelines for the Board of Directors of
Commissioners.
PT Bank Pembangunan Daerah Jawa Timur Tbk which until
- Passing the fit and proper test in accordance with
2021 was last amended by Decree of the Board of Directors
the provisions of the Financial Services Authority
Number 057/206/ DIR/CSE/KEP dated February 9, 2021,
regarding the fit and proper test. 2021 concerning the Fourth Amendment to the Decree of the
14. Candidates for the Board of Directors may come from Board of Directors of PT Bank Pembangunan Daerah Jawa
Internal and/or external Bank Jatim. Timur Tbk Number 056/006/ DIR/CSE/ KEP dated January 17,
a. Candidates for the Board of Directors from the Bank’s 2017 concerning the Work Guidelines for the Directors of PT
internal parties must meet the following requirements: Bank Pembangunan Daerah Jawa Timur Tbk. This guideline
- Active executive officers who were one level below is evaluated periodically and updated with reference to the
the Board of Directors. prevailing rules and regulations.
- Serving at least 2 (two) different executive positions.
The Board of Directors work guidelines and procedures are
b. For candidates for directors from external parties, the
binding for each member of the Board of Directors so that
Bank must meet the following requirements:
the Board of Directors can carry out the management of the
- Having experience as a professional by serving as
Company efficiently, effectively, transparently, independently and
an Executive Officer in a Bank/Non-Bank financial accountably. The basis for the preparation of the guidelines for the
institution that operates nationally and/or has work rules of the Board of Directors is the Law of the Republic of
assets at least equal to the assets of Bank Jatim for Indonesia No. 40 of 2007 concerning Limited Liability Companies,
the last 5 (five) years. OJK Regulations relating to the Board of Directors and Board of
- Having knowledge and/or expertise in the field Commissioners of Issuers or Public Companies, the Company’s
required by the Issuer or Public Company Articles of Association and other regulations.
15. Having a good financial track record as evidenced by
documents that have been issued by the authorized agency. The contents of the Board of Directors work code of conduct
include the following:
Special Requirements
Governance Structure
The members of the Board of Directors who will be appointed 1. Organizational Structure of the Board of Directors
must meet special requirements, the details of which will be 2. Functions of the Board of Directors
outlined in a GMS resolution. The company could develop special 3. Functions of the Board of Directors
requirements which were details of competence and other things 4. Duties, Obligations, Authorities, Responsibilities
required for prospective members of the Board of Directors
5. Independence and Independence of the Board of Directors
according to the needs of the company which would then be
submitted and stated in the resolution of the GMS;
Governance Process
1. Never been a member of the Board of Directors and/or a
member of the Board of Commissioners who during the 1. Position Ethics for the Board of Directors
tenure: 2. Description of the responsibilities of the Board of Directors
a. Never holding an annual GMS. 3. Directors’ rights
b. The responsibilities as a member of the Board 4. Determination of the Company Management Policy for the
of Directors and/or a member of the Board of Board of Directors
Commissioners had never been accepted by the GMS 5. Delegation of Authority among the Directors of the
or had not provided accountability as a member of the Company
Board of Directors and/ or a member of the Board of 6. Division of duties of the Board of Directors
Commissioners to the GMS.
7. Procedures related to the Division of Duties of the Board of
c. Having caused a company obtaining a permit,
Directors
approval, or registration from the financial services
8. Board of Directors Meeting
authority to fail fulfilling the obligation to submit an
annual report and/or financial report to the Financial 9. Board of Directors Committee
Services Authority. 10. Working relationship between the Board of Commissioner
2. Especially for candidates for Directors proposed to be and the Board of Directors
candidates for President Director were officials who had 11. Capabilities Orientation and Improvement Program
one level below the President Director and were still active
as Directors of National Commercial Banks and/or had Governance Outcome
assets at least equal to the assets of Bank Jatim. 1. Report
2. Document Distribution
PT Bank Pembangunan Daerah Jawa Timur Tbk
336 Annual Report 2023
Page 339
CORPORATE
GOVERNANCE
Duties of the Board of Directors
The Duties of the Board of Directors are as follows.
Table of Duties of the Board of Directors
Name Position Term of Office in 2023 Task field
Busrul Iman President Director January 1, 2023 – present Coordinating activities implementation of:
- SEVP Corporate, Syndication, and Institutional
- SEVP Banking Consumer
- SEVP Sharia Business Unit
- SEVP Corporate Transformation
- SEVP Network and Services
- Corporate Secretary
- Audit Internal Division
Tonny Prasetyo Pgs. Director of January 1, 2023 – May 26, 2023 Coordinating activities implementation of:
Compliance - Compliance & AML-CFT Division
- Legal Division
Director of Compliance May 26, 2023– present - Policy and Procedure Division
Zulhelfi Abidin Director of IT & Digital January 1, 2023 – present Coordinating activities implementation of:
- IT Division
- Digital Banking Division
- Security IT Unit
Pgs. Director of April 12, 2023 – October 11, 2023 Coordinating activities implementation of:
Operation - Operational Division
- General Division
- Product Development Division
- Credit Administration Unit
Edi Masrianto Director of Finance, January 1, 2023 – present Coordinating activities implementation of:
Treasury - Accounting and Financial Management Division
and Global Services - Treasury Division
- International Banking Division
R. Arief Wicaksono Director of Micro, Retail January 1, 2023 – present Coordinating activities implementation of:
& Medium - Retail and Medium Credit Division
- Micro Credit Division
Eko Susetyono Director of Risk January 1, 2023– present Coordinating activities implementation of:
Management - Risk Management Division
- Credit Risk Analysis Division
- Credit Recovery and Settlement Division
Arif Suhirman* Director of Operation October 11, 2023 – present Coordinating activities implementation of:
- Operational Division
- General Division
- Product Development Division
- Credit Administration Unit
*Appointed at the 2022 Annual GMS on April 12 2023, and effective from October 11 2023.
Policy of Concurrent Position of Board of Directors
As a commercial bank, Bank Jatim was also guided by the
Financial Services Authority Regulation Number 17 in 2023 c.in other positions that may create conflicts of interest
concerning the Implementation of Governance for Commercial in the execution of duties as members of the Board of
Banks, which regulated, among others: Directors; and/or
1. Members of the Board of Directors are prohibited from d. in other positions in accordance with the provisions of
holding concurrent positions: laws and regulations.
a. as a member of the Board of Directors, member of 2. It does not include concurrent positions as referred to in
the Board of Commissioners, member of the Sharia paragraph (1) in the event that the Board of Directors:
Supervisory Board, or Executive Officer at a bank, a. are responsible for supervising the Bank’s investments
company and/or other institution. in subsidiary companies, performing functional duties
b. in functional task areas in banking and/or non-banking as a member of the Board of Commissioners in non-
financial institutions domiciled domestically or abroad; bank subsidiary companies controlled by the Bank;
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 337
Page 340
b. are responsible for supervising pension funds or as long as it does not result in the individual neglecting
performing duties as a member of the Supervisory their duties and responsibilities as a member of the Bank’s
Board of pension funds owned by the Bank; Board of Directors.
c. carry out duties as the acting director of the Bank; and/ 3. The majority of members of the Board of Directors were
or prohibited from having family relationships to the second
d. occupy a position in a non-profit organization or degree with fellow members of the Board of Directors and/
institution or with members of the Board of Commissioners.
Table of Concurrent Position of Board of Directors
Position in Other
Name of Company /
Name Position Companies/ Others
Other Agencies
Agencies
Busrul Iman President Director - -
Tonny Prasetyo Director of Compliance - -
Zulhelfi Abidin Director of IT and Digital - -
Edi Masrianto - -
Director of Finance, Treasury & Global Services
-
R. Arief Wicaksono Director of Micro, Retail and Medium - -
Eko Susetyono Director of risk management - -
Arif Suhirman Director of Operations - -
Management of Conflicts of Interest In The Board of Director
Conflict of interest arrangements had been determined through Meeting of The Board of Directors
the Decree of the Board of Directors of PT Bank Pembangunan
Daerah Jawa Timur Tbk Number 059/222/DIR/KPT/KEP dated Meeting Policy
August 18, 2020 concerning Guidelines for Implementation of
Conflicts of Interest for PT Bank Pembangunan Daerah Jawa The policy of the Board of Directors’ Meeting of PT Bank
Timur Tbk. This conflict of interest regulation is intended so that Pembangunan Daerah Jawa Timur Tbk is as follows:
the decisionmaking process and its implementation are carried 1. Financial Services Authority Regulation (POJK) Number
out in a manner of transparency, accountability, responsibility, 33/ POJK.04/2014 Date December 8, 2014 concerning the
independence and fairness, so that the interests of the Bank Board of Directors and Board of Commissioners of Issuers
and stakeholders are not harmed and can still be protected. or Public Companies;
2. Directors Decree of PT Bank Pembangunan Daerah Jawa
In the event that the Bank has a conflict of interest with the Timur Tbk Number 060/044/DIR/CSE/KEP dated February
personal interest of a member of the Board of Directors, the 9, 2021, regarding the Fourth Amendment to Directors
Bank will be represented by another member of the Board Decree of PT Bank Pembangunan Daerah Jawa Timur Tbk
of Directors and in the event that the Bank has an interest Number 056/006/DIR/CSE/KEP dated January 17, 2017,
that conflicts with the interests of all members of the Board concerning the Director’s Work Guidelines of PT Bank
of Directors, in this case the Bank will be represented by the Pembangunan Daerah Jawa Timur Tbk.
Board of Commissioners. In the event of a conflict of interest,
Members of the Board of Directors are prohibited from taking In the Meeting of the Board of Directors, it is stipulated as
actions that may harm the Bank or reduce the Bank’s profits follows:
and must disclose the conflict of interest referred to in every 1. The Board of Directors is required to hold a Board of
decision. The Board of Directors is not involved in making Directors Meeting periodically at least 1 (one) time in every
decisions on the Company’s operational activities, except for month and/ or every time.
the provision of funds to related parties and other matters 2. Meetings of the Board of Directors may be held if attended
stipulated in the Company’s Articles of Association or applicable by a majority of all members of the Board of Directors.
laws and regulations.
PT Bank Pembangunan Daerah Jawa Timur Tbk
338 Annual Report 2023
Page 341
CORPORATE
GOVERNANCE
3. The presence of members of the Board of Directors at the 5. Decision making in the Board of Directors Meeting is
meeting must be disclosed in the Company’s annual report. based on deliberation and consensus. In the event that a
4. The Board of Directors must schedule a meeting for the consensus decision is not reached, the decision is made
following year before the end of the financial year with the based on a majority vote.
following conditions: 6. The Board of Directors meeting is chaired by the President
a. At the scheduled meeting, the meeting materials are Director, in the event that the President Director is absent
submitted to the meeting participants no later than 5 or unable to attend, the Board of Directors Meeting will
(five) days before the meeting is held. be chaired by a member of the Board of Directors who is
b. In the event that a meeting is held outside the schedule elected by and from the members of the Board of Directors
that has been prepared, the meeting materials are present.
submitted to the meeting participants no later than
before the meeting is held.
Board of Directors Meeting Plan
No. Month Estimated Meeting Implementation Meeting Agenda
1 January Week 3 Performance Evaluation of Bank Jatim
2 February Week 3 Performance Evaluation of Bank Jatim
3 March Week 3 Performance Evaluation of Bank Jatim
4 April Week 3 Performance Evaluation of Bank Jatim
5 May Week 3 Performance Evaluation of Bank Jatim
6 June Week 3 Performance Evaluation of Bank Jatim
7 July Week 3 Performance Evaluation of Bank Jatim
8 August Week 3 Performance Evaluation of Bank Jatim
9 September Week 3 Performance Evaluation of Bank Jatim
10 October Week 3 Performance Evaluation of Bank Jatim
11 November Week 3 Performance Evaluation of Bank Jatim
12 December Week 3 Performance Evaluation of Bank Jatim
Agenda, Date and Participants of The Board of Directors Meeting
The Board of Directors meeting was held in accordance with policy. Meeting materials must be submitted no later than 5 (five) days.
Throughout 2022, the agenda, dates and participants of the Board of Directors Meeting are as follows.
Table of Board of Directors Meeting
Meeting
No. Date Agenda Presence Reasons for Absence
Participants
1. January 10, 2023 1. Financial Performance of Bank Busrul Iman Present
Jatim for the Period Ending
December 31, 2022; Tonny Prasetyo Present
2. Adjustment to RBB;
Zulhelfi Abidin Present
3. KPI of of the Board of Directors;
4. Audit Plan for the Year 2023. Edi Masrianto Present
R. Arief Wicaksono Present
Eko Susetyono Present
2. January 25, 2023 1. Results of the Implementation of Busrul Iman Present
Governance Self-Assessment for
the December 2022 Period; Tonny Prasetyo Present
2. Follow-up Meeting with OJK
Zulhelfi Abidin Present
on January 24, 2023 (5 Pillars of
Transformation and RBB 2023) Edi Masrianto Present
3. Procurement of Renovation for the
Facade of Bank Jatim Head Office R. Arief Wicaksono Not Present Official travel
Building.
Eko Susetyono Present
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 339
Page 342
Meeting
No. Date Agenda Presence Reasons for Absence
Participants
3. February 14, 2023 1. The Board of Directors’ Busrul Iman Present
Assessment of the Performance
of the Board Committees and Tonny Prasetyo Present
the Plan for Adjusting the
Zulhelfi Abidin Present
Membership Structure of the
Board Committees; Edi Masrianto Present
2. Financial Performance of Bank
Jatim as of January 31, 2023; R. Arief Wicaksono Present
3. 5 Pillars of Transformation;
4. Digital Banking & Operasional Eko Susetyono Present
Fraud;
5. Follow-up on Findings from OJK,
BPK RI and KAP;
6. Renovation of the Facade of Bank
Jatim’s Head Office Building;
7. Progress in Employee Fulfillment
8. Follow-up on the Board of
Commissioners’ Directives in the
Joint Board of Directors and Board
of Commissioners Meeting on
January 12 & 13, 2023.
4. February 22, 2023 Preparation for the 2022 Annual GMS Busrul Iman Present
Tonny Prasetyo Present
Zulhelfi Abidin Present
Edi Masrianto Present
R. Arief Wicaksono Present
Eko Susetyono Present
5. March 28, 2023 1. Progress in Preparing for the Busrul Iman Present
AGMS of Bank Jatim for the Fiscal
Year 2022.; Tonny Prasetyo Present
2. Progress in the 5 Pillars of
Zulhelfi Abidin Present
Transformation;
3. Prohire Recruitment to Fulfill Edi Masrianto Present
the Staffing Needs in the Credit
Recovery and Resolution Division. R. Arief Wicaksono Present
Eko Susetyono Present
6. April 17, 2023 1. Financial Performance of Bank Busrul Iman Present
Jatim;
2. The program “Go Lower Go Tonny Prasetyo Not Present Official travel
Better” by Bank Jatim (December
2023 Period); Zulhelfi Abidin Present
3. Progress in Corporate Actions for
Edi Masrianto Present
Capital Injection in the Formation
of Bank Business Group (KUB). R. Arief Wicaksono Present
Eko Susetyono Present
7. May 5, 2023 1. Financial Performance of Bank Busrul Iman Present
Jatim for the Period of April 2023
& Review Preparation (Branches’ Tonny Prasetyo Present
performance);
Zulhelfi Abidin Present
2. Progress in the 5 Pillars of
Transformation. Edi Masrianto Present
R. Arief Wicaksono Present
Eko Susetyono Present
8. June 14, 2023 1. Financial Performance of Bank Busrul Iman Present
Jatim for the Period of May 2023;
2. Progress in the 5 Pillars of Tonny Prasetyo Present
Transformation.
Zulhelfi Abidin Present
Edi Masrianto Present
R. Arief Wicaksono Present
Eko Susetyono Present
PT Bank Pembangunan Daerah Jawa Timur Tbk
340 Annual Report 2023
Page 343
CORPORATE
GOVERNANCE
Meeting
No. Date Agenda Presence Reasons for Absence
Participants
9. July 13, 2023 1. Financial Performance of Bank Busrul Iman Present
Jatim for the Period of June 2023;
2. Progress in the 5 Pillars of Tonny Prasetyo Present
Transformation;
Zulhelfi Abidin Present
3. Follow-up on Findings from BPK RI
Edi Masrianto Present
R. Arief Wicaksono Present
Eko Susetyono Present
10. August 1, 2023 Efforts in Achieving RBB Busrul Iman Present
Tonny Prasetyo Not Present Permit
Zulhelfi Abidin Present
Edi Masrianto Present
R. Arief Wicaksono Present
Eko Susetyono Present
11. August 14, 2023 Financial Performance of Bank Jatim Busrul Iman Present
for the Period of July 2023
Tonny Prasetyo Present
Zulhelfi Abidin Present
Edi Masrianto Present
R. Arief Wicaksono Present
Eko Susetyono Present
12. September 5, 1. Financial Performance of Bank Busrul Iman Present
2023 Jatim for the Period of August
2023; Tonny Prasetyo Not Present Carrying out the Umrah
2. Bank Jatim’s Office Network.
Zulhelfi Abidin Present
Edi Masrianto Present
R. Arief Wicaksono Present
Eko Susetyono Present
13. October 9, 2023 1. Financial Performance of Bank Busrul Iman Present
Jatim for the Period of September
2023; Tonny Prasetyo Present
2. Progress on the Corporate Action
Zulhelfi Abidin Present
Plan for Capital Investment.
Edi Masrianto Present
R. Arief Wicaksono Present
Eko Susetyono Present
14. October 23, 2023 Performance Progress Busrul Iman Present
Tonny Prasetyo Present
Zulhelfi Abidin Present
Edi Masrianto Present
R. Arief Wicaksono Present
Eko Susetyono Present
Arif Suhirman Present
15. November 6, 1. Presentation of RBB for the Year Busrul Iman Present
2023 2024;
2. Financial Performance of Bank
Jatim for the Period of October
2023.
Tonny Prasetyo Not Present Sick
Zulhelfi Abidin Present
Edi Masrianto Present
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 341
Page 344
Meeting
No. Date Agenda Presence Reasons for Absence
Participants
R. Arief Wicaksono Present
Eko Susetyono Present
Arif Suhirman Present
16. December 5, 1. Financial Performance of Bank Busrul Iman Present
2023 Jatim for the Period of November
2023;
2. Progress of the Bank’s Business Tonny Prasetyo Present
Groups (KUB)
Zulhelfi Abidin Present
3. SOP of the Board of Directors;
4. Issues related to Bumiputera Deed Edi Masrianto Present
of Sale and Purchase (AJB) AJB
Bumiputera. R. Arief Wicaksono Present
Eko Susetyono Present
Arif Suhirman Not Present Leave
The agenda and meeting participants of the combined Board of Commissioners and the Board of Directors have been presented in
the Board of Commissioners’ Meeting section of the Corporate Governance Chapter of this annual report.
Frequency and Attendance of Meeting
Table of Frequency and Attendance of Directors’ Meetings
Joint Meeting of the Board
Board of Directors Meeting of Directors with the Board GMS
of Commissioner
Term of Number and Percentage of Number and Percentage of Number and Percentage of
Name Position Attendance Attendance Attendance
Office
Num- Num- Num- Num- Num-
Number
ber of Percent- ber of ber of Percent- ber of ber of Percent-
of Atten-
Meet- age Meet- Atten- age Meet- Atten- age
dance
ings ings dance ings dance
Busrul President January
Iman Director 1, 2023 – 16 16 100% 17 17 100% 1 1 100%
Present
Tonny Director of January 1,
Prasetyo Compliance 2023 – May 16 12 75% 17 16 94% 1 1 100%
26, 2023
Zulhelfi Director of IT January
Abidin & Digital 1, 2023 – 16 16 100% 17 17 100% 1 1 100%
Present
Edi Director of January
Masrianto Finance, 1, 2023 –
Treasury Present 16 16 100% 17 16 94% 1 1 100%
& Global
Services
R. Arief Director of January
Wicaksono Micro, Retail 1, 2023 – 16 15 94% 17 15 88% 1 1 100%
and Medium Present
Eko Director January
Susetyono of Risk 1, 2023 – 16 16 100% 17 14 82% 1 1 100%
Management Present
Arif October
Director of
Suhirman* 11, 2023 – 3 2 67% 2 2 100% - - -
Operations
Present
*Appointed at the 2022 Annual GMS on April 12 2023, and effective from October 11 2023.
PT Bank Pembangunan Daerah Jawa Timur Tbk
342 Annual Report 2023
Page 345
CORPORATE
GOVERNANCE
Training and/or Enhancement of The Competency of The Board of Directors Members
Bank Jatim has a policy that the Board of Directors always improves knowledge and insight by following developments in the
banking industry in particular and the business world in general so that it has a positive impact on Bank Jatim’s operations, one of
which is through education/training programs for increase competence. In order to improve the effectiveness of the performance
of the Board of Directors, capacity building was carried out such as seminars and/ or training. This became one form of governance
implementation for Commercial Banks related to the need that:
1. Members of the Board of Directors had adequate competence and were relevant to their positions to carry out their duties and
responsibilities and were able to implement their competencies in carrying out their duties and responsibilities.
2. Members of the Board of Directors had the willingness and ability to carry out continuous learning in order to increase knowledge
about banking and the latest developments related to the financial sector or other fields that support the implementation of their
duties and responsibilities. jawab.
The training and/or competency improvement that has been attended by the Board of Directors during 2023 is as follows berikut.
Types of Training and Competency Implementation Time
Name Position Organizer
Development/ Training Materials and Place
Busrul Iman President Director Corporate Value Internalization For Culture Saturday, January 14, Kubik Leadership
Leaders 2023/ Surabaya
Risk Management Certification Refreshment Friday, March 24, 2023/ SDG Consulting
Program Online
Training Executive Sharia Banking Tuesday, August 8, 2023/ Muamalat Institute
Surabaya
GCG As The Key To Healthy And Successful Saturday, September 16, Internal Bank Jatim
Company 2023/ Yogyakarta
Greeting and Sharing “Culture Transformation Wednesday, October 18, Internal Bank Jatim
With Growth Mindset” By Ignasius Jonan 2023/ Surabaya
Tonny Prasetyo Director of Compliance Corporate Value Internalization For Culture Saturday, January 14, Kubik Leadership
Leaders 2023/ Surabaya
Workshop On Governance For Top Tuesday, February 14, PT Synergi Daya
Management 2023/ Surabaya Utama
Program Refreshment/Penyegaran Sertifikasi Friday, March 24, 2023/ SDG Consulting
Manajemen Risiko Online
Gcg As The Key To Healthy And Successful Saturday, September 16, Internal Bank Jatim
Company 2023/ Yogyakarta
Greeting and Sharing “Culture Transformation Wednesday, October 18, Internal Bank Jatim
With Growth Mindset” By Ignasius Jonan 2023/ Surabaya
Zulhelfi Abidin Director of IT & Digital Corporate Value Internalization For Culture Saturday, January 14, Kubik Leadership
Leaders 2023/ Surabaya
Program Refreshment/Penyegaran Sertifikasi Friday, March 24, 2023/ SDG Consulting
Manajemen Risiko Online
GCG As The Key To Healthy And Successful Saturday, September 16, Internal Bank Jatim
Company 2023/ Yogyakarta
Greeting and Sharing “Culture Transformation Wednesday, October 18, Internal Bank Jatim
With Growth Mindset” By Ignasius Jonan 2023/ Surabaya
Edi Masrianto Director of Finance, Corporate Value Internalization For Culture Saturday, January 14, Kubik Leadership
Treasury & Global Leaders 2023/ Surabaya
Services
Program Refreshment/Penyegaran Sertifikasi Friday, March 24, 2023/ SDG Consulting
Manajemen Risiko Online
GCG As The Key To Healthy And Successful Saturday, September 16, Internal Bank Jatim
Company 2023/ Yogyakarta
Greeting and Sharing “Culture Transformation Wednesday, October 18, Internal Bank Jatim
With Growth Mindset” By Ignasius Jonan 2023/ Surabaya
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 343
Page 346
Types of Training and Competency Implementation Time
Name Position Organizer
Development/ Training Materials and Place
R. Arief Director of Micro, Retail Corporate Value Internalization For Culture Saturday, January 14, Kubik Leadership
Wicaksono and Medium Leaders 2023/ Surabaya
Program Refreshment/Penyegaran Sertifikasi Friday, March 24, 2023/ SDG Consulting
Manajemen Risiko Online
GCG As The Key To Healthy And Successful Saturday, September 16, Internal Bank Jatim
Company 2023/ Yogyakarta
Greeting and Sharing “Culture Transformation Wednesday, October 18, Internal Bank Jatim
With Growth Mindset” By Ignasius Jonan 2023/ Surabaya
Eko Susetyono Director of Risk Corporate Value Internalization For Culture Saturday, January 14, Kubik Leadership
Management Leaders 2023/ Surabaya
Program Refreshment/Penyegaran Sertifikasi Friday, March 24, 2023/ SDG Consulting
Manajemen Risiko Online
Gcg As The Key To Healthy And Successful Saturday, September 16, Internal Bank Jatim
Company 2023/ Yogyakarta
Greeting And Sharing “Culture Transformation Wednesday, October 18, Internal Bank Jatim
With Growth Mindset” By Ignasius Jonan 2023/ Surabaya
International Conference On ERM: Into The Thursday, December 7, ERM Academy
Unknown - Charting The Future Agenda 2023/ Online
Arif Suhirman Director of Operations GCG As The Key To Healthy and Successful Saturday, September 16, Internal Bank Jatim
Company 2023/ Yogyakarta
Orientation Program for New Board of Directors 37001:2016 Anti-Bribery Management System (SMAP) and the
application of Governance in the Era 4.0 & 5.0 in the Banking
The Orientation Program is very important to be implemented, sector.
because the members of the Board of Directors can come
from various backgrounds, so that in order to form a solid Board of Directors Decisions and
work team, the Orientation Program is mandatory to run. The Implementation of Duties
provisions concerning the Orientation program must be given
to Directors who are taking office for the first time must be During 2023 the Board of Directors has carried out their duties,
given an orientation program regarding the Bank. obligations, and responsibilities in order to carry out the
management of the Company as stipulated in the applicable
The orientation program that is given can be in the form of laws and regulations, the Company’s Articles of Association,
presentations, meetings or visits to the Company’s facilities, and the work plan for carrying out the duties of the Board of
introductions to Division Leaders, Groups and employees of Directors for 2023, in general, are as follows:
the Company and other programs. 1. Preparation of the Company’s bank business plan
2. Implementation of IT strengthening projects and digital
During the year 2023, there was the appointment of a new banking development
Board of Directors, namely Arif Suhirman, as the Director of 3. Asset and financial management
Operations based on the decision of the Annual General 4. Organizing board of Directors meetings and board of
Meeting of Shareholders for the Fiscal Year 2022 held on April Directors meetings with the board of Commissioners
12, 2023. A new director orientation program was conducted, 5. Organizing the Annual General Meeting of Shareholders
including an Executive Summit for the Board of Commissioners for the 2022 Fiscal Year
and Directors on September 16, 2023, with the theme ‘GCG 6. Supervision and improvement of internal business
As The Key to a Healthy & Successful Company.’ The summit processes
covered topics such as the implementation of SNI ISO 7. Implementation of Good Corporate Governance in every
business activity
8. Distribution of Corporate Social Responsibility funds for
the company which is manifested in various activities of the
Bank Jatim Care
PT Bank Pembangunan Daerah Jawa Timur Tbk
344 Annual Report 2023
Page 347
CORPORATE
GOVERNANCE
9. Implementation of other tasks related to the management 32. Formation of Tableau Dashboard Team
of the company 33. Jatimers Internship Program
34. Formation of the Financial Report and Annual Report
The decisions of the Board of Directors that have been issued Compilation Committee of PT Bank Pembangunan Daerah
during 2023, include: Jawa Timur Tbk for the Fiscal Year 2023
1. Land and Building or Building Procurement Team in the 35. Policy Making Committee
environment 36. Appointment of Agency Admin and Work Unit Admin for
2. Hierarchy of Internal Regulations E-LHKPN Application Management
3. Internal Regulations Renewal Committee 37. Risk Appetite Statement
4. 5 Pillars of Transformation Committee 38. Revocation of the Implementation Guidebook (BPP)
5. PIC of the Implementation of AML/CFT Compliance 39. Anti-Bribery Compliance Function Committee (FKAP) for
6. Capital Investment Activities Committee Anti-Bribery Management System (ABMS)
7. About Directors Committee 40. Anti-Bribery Management System (ABMS) Policy
8. The Issuance of Decision of the Board of Directors of PT 41. JPerform Application Development Team
Bank Pembangunan Daerah Jawa Timur Tbk Number 42. Information Technology Strategic Plan (ITSP) 2024-2028
059/084/DIR/OJL/KEP dated March 26, 2020, Regarding 43. Implementation Team for Minister of Finance Regulation
the Guidelines for the Implementation of Payment (PMK) No. 66/2023 Related to In-kind and/or employee
Collateral benefits subject to income tax
9. BPD Transformation Committee 44. Year-End Closing Guidelines and Annual Financial Report
10. Authority Settlement Limit for Transactions via ESTIM Preparation
11. Blueprint for Human Capital Development 45. Authorization Limit for Approval and Payment of
12. Jatimers Communities Committee Procurement of Goods/Services and Non-Product Expenses
13. BPDSI Sports Event 2023 Committee 46. Bank Guarantee Payment for Projects with the Budget of
14. Appointment and Assignment of Project Leader and the Year 2023 within East Java Province
Project Support Team for the Procurement of Goods/ 47. Segmentation for Credit/Financing
Services within the General Division for the Fiscal Year 2023 48. KPA Risk Management
15. Formation of the Procurement Committee for Goods/ 49. KPA Credit or Financing
Services for the Fiscal Year 2023 50. SOP for the Internship Program of Merdeka Belajar Kampus
16. Appointment and Formation of the Examination Committee Merdeka (MBKM)
for the Results of Goods/Services Procurement Work for 51. SOP for Education and Training
the Year 2023 52. SOP of Giro iB Barokah
17. Reviewer Team for Goods and Services Procurement 53. SOP for Contractor Financing
through Tender Process within PT Bank Pembangunan 54. SOP for Corporate Culture
Daerah Jawa Timur Tbk for the Fiscal Year 2023 55. SOP for Micro Credit, Retail, and Medium
18. Credit/Financing Portfolio Guidelines 56. SOP for Jatim Retail and Medium Credit
19. Due Diligence Preparation of Joint Business Group (KUB) 57. East Java Micro Credit SOP
Committee 58. SOP for Employee Business Travel
20. Go Lower Go Better Program 59. SOP for Bank Health Assessment
21. ALCO Meeting Decision 60. SOP for Employee Loans and Personal Loan Car Allowance
22. Team Formation for the Sale and Write-off of Fixed Assets Program (CAP)
of Official and Operational Vehicles 61. Credit Receivable SOP
23. Authority Limit for Approval of Position Switching and 62. Contractor Credit SOP
Budget Exceedance 63. BLUD Credit SOP
24. Risk Management Committee 64. Local Government Loans SOP
25. Ekstrakomtable Stimulus for Settlement of Problematic or 65. SOP Motorcycle Allowance Program Bagi Account Officer
Non-Performing Loans or Extracompstable Financing 66. SOP for Total Reward
26. Formation of the Credit Control and Extracompstable 67. Amendment to the SOP for Affordable Homeownership
Recovery Committee with Housing Finance Liquidity Facility (FLPP) and Down
27. Formation of the Primary Dealer Committee Payment Assistance Subsidy (SBUM)
28. SOP for the Human Resources Management Committee 68. SOP for Cash Collateral Credit
29. Authority Limit for Approval of Credit/Financing by the 69. SOP for Property Loan
Credit Committee 70. Multipurpose Loan SOP
30. Authorization Limit for Approval of Cash and Non-Cash 71. SOP for People’s Business Credit
Credit/Financing 72. SOP for Gold Collateral Loan
31. Limit for On-The-Spot (OTS) Execution in the Credit/ 73. SOP for Special Treatment Stimulus for Debtors Affected by
Financing Process the COVID-19 Disaster in Specific Regions and Sectors
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 345
Page 348
74. SOP for Motor Vehicle Loan 94. SOP for Development of Internal Regulations
75. SOP for Loan or Financing Rescue and Resolution 95. Third Amendment to Jatim Micro Credit SOP
76. SOP for Employee Punishment 96. First Amendment to the Jatim Retail and Medium Credit
77. SOP for Local Government Credit Card SOP
78. SOP for Grading and Remuneration System 97. SOP for Cash Management
79. SOP for Career Development Program 98. SOP for Cooperatives Loans
80. SOP for Bank Guarantee 99. SOP for Shariah-based People’s Business Credit (KUR
81. SOP for Investor Management 100. SOP for Syndicated Loan
82. SOP for Control and Reporting of Gratification 101. First Amandement to the Consumer Loan SOP
83. SOP for Car Allowance Program for Employees in a Position 102. SOP for Management of E-Channel Transactions
of Authority 103. SOP for Anti-Bribery Management System (ABMS)
84. SOP Employee Mutation 104. SOP for Electronic Data Capture (EDC)
85. SOP Human Resources Management Committee 105. SOP for Protocol Management
86. SOP for Jatim Agent 106. SOP for Secretarial Management
87. SOP for Capital Investment 107. SOP for Account Management
88. Amendment to the Property Loan SOP 108. SOP for Financial Report
89. Amendment to the SOP for Homeownership with Housing 109. SOP for Development of Non-Digital Products
Finance Liquidity Facility (FLPP) and Down Payment 110. SOP for Land and Building Procurement, as well as
Assistance Subsidy (SBUM) Building Renovation
90. SOP Credit Risk Management 111. SOP for Letter of Credit (L/C) Import Transactions
91. SOP for Liquidity Risk Management 112. SOP for Domestic Letter of Credit (SKBDN) Transactions
92. First Amendment to the Contractor Credit SOP 113. SOP for Documentary Collection Transactions
93. First Amendment to the Commercial and Corporate Credit 114. SOP for of Letter of Credit (L/C) Eksport Transactions
Process SOP 115. SOP for Time Deposits
Performance Assessment of Committees Under The Board of Directors, Corporate Secretary,
Internal Audit Unit, Risk Management Unit and The Basis of The Assessment
The Board of Directors’ evaluation procedure on the Asset Liability Committee (ALCO)
performance of the Board of Directors Committee is carried ALCO is a committee for decision making on assets and liabilities
out in the following manner: for the purposes outlined, a forum called the Asset Liabilities
1. Each Secretary of the Board of Directors Committee Committee (ALCO) is needed. In order to reduce and eliminate
shall prepare the implementation materials and technical risks that occur in banks, especially Liquidity Risk, Interest Rates
implementation of each Committee of the Board of and Exchange Rates, cooperation and active participation of
Directors during the 2023 financial year. various decision makers on both the assets and liabilities side are
2. The Board of Directors’ assessment of the performance of required. Cooperation will be successful if each decision maker
the Board of Directors Committee is carried out through knows his role and the impact of his decision on overall business
the Board of Directors Meeting. profits. During 2023, the ALCO held 15 (fifteen) meetings.
The criteria used in the Board of Directors’ assessment of the Risk Management Committee
performance of the Board of Directors Committee include: The Risk Management Committee was formed in order to
1. Basis for Formation of the Committee maintain risk exposure at acceptable and profitable limits, so
2. Committee Structure and Membership that bank business activities can remain manageable and carry
3. Duties, Authorities and Responsibilities of the Committee out bank business activities based on prudential principles.
4. Committee Implementation Achievement During 2023, the Risk Management Committee held 5 (five)
5. Conclusion meetings..
During 2023, the Board of Directors considered that the Personnel Management Committee
committees under the Board of Directors carried out their The Personnel Management Committee was formed in order
duties and responsibilities properly. to obtain optimal results in deciding critical matters in the
field of Human Capital in terms of strategies, policies, and
PT Bank Pembangunan Daerah Jawa Timur Tbk
346 Annual Report 2023
Page 349
CORPORATE
GOVERNANCE
Human Capital management systems that are in line with the During 2023, the Credit Restructuring Committee held 6
Bank’s Business Plan. During 2023, the Personnel Management (six) meetings.
Committee held 20 (twenty) meetings. • Term Loan Facility (TLF) Committee
During 2023, the Credit Settlement Committee held 1
Information Technology Committee (one) meeting.
Part of IT governance in providing recommendations, the • Financing Implementation Committee
committee must pay attention to the efficiency factor of the IT During 2023, the Financing Implementation Committee
governance in order to minimize the risk associated with the held 5 (five) meetings.
use of IT. Bank and customers. As an embodiment of part of IT • Financing Restructuring Committee
governance in order to minimize the risk associated with the use During 2023, the Financing Restructuring Committee held
of IT and to protect the interests of the IT Steering Committee, 1 (one) meeting.
it was formed as a manifestation of the commitment of the • Writing Off Credit and Financing Committee
Board of Directors and management of Bank Jatim in the form During 2023, the Writing Off Credit and Financing
of active supervision of IT management. As stipulated in POJK Committee held 2 (two) meetings.
MRTI, ITSC plays a role in assisting the implementation of the
duties of the Board of Directors in determining the Information Product and Network Committee
Technology Strategic Plan and Bank policies related to the
use of Information Technology. During 2022, the Information Product Committee
Technology committee held 2 (two) meeting. The Product Committee is a committee formed by the Board
of Directors to discuss, determine, and evaluate business
Credit or Financing Policy Committee strategies through product development, both digital and
Credit or Financing Policy Committee is a committee formed non-digital, and both conventional and sharia. It is including
by the Board of Directors in the framework of managing credit the development of products that have not existed before and
policy which aims to support sound credit distribution and the development of follow-up products, including conducting
contains elements of internal control from the initial stages of products evaluations (continued products, developed,
the credit activity process to the credit monitoring stage with discontinued, and closed). Throughout 2023, there have been
due observance of the principle of prudence. Throughout 2023, no product committee meetings held and the process of
there was no credit or financing policy committee meetings updating internal provisions regarding changes to the grand
and processes for updating the internal provisions regarding design Organizational Structure. Updating the SOP of Product
changes to the grand design organizational structure. During Committee has been carried out and the SOP of Product
2023, the Credit or Financing Policy Committee has held 1 Committee has been issued with a Decree from the Board of
(one) meeting. Directors of PT Bank Pembangunan Daerah Jawa Timur Tbk.
Number 062/03/80/DIR/PGP/KEP dated December 29, 2023.
Credit Committee
Conventional Credit Committee Network Committee
Credit Committee is an operational committee formed by the The Network Committee has the role of compling the
Board of Directors to evaluate and/or provide credit decisions implementation of development, status change and/or network
for the amount and type of credit determined by the Board closure as well as determining the class of branches and sub-
of Directors with due regard to business development without branches in network classification. The Network Committee
abandoning prudential principles including restructuring and functions as a forum for managing policies and monitoring
credit settlement good. effectiveness of the Bank’s network to ensure success in
creating optimal profits. During 2023, the Network Committee
Financing Committee held 3 (three) meetings.
An operational committee formed by the Board of Directors to
evaluate and/or provide financing decisions for the amount and In addition to evaluating the performance of the Committees
type of financing determined by the Board of Directors with under the Board of Directors, the Board of Directors also
due regard to business development without abandoning the conducts performance assessments of all Units under the
precautionary principle including restructuring and settlement Board of Directors. Performance assessments for the Corporate
of financing. Secretary, Internal Audit and Risk Management Division are
• Credit Implementation Committee carried out based on the achievement of the Key Performance
During 2023, the Credit Implementation Committee held Indicators (KPI) of each unit. In 2023, the achievement of
24 (twenty four) meetings. the KPI’s for the Corporate Secretary, Internal Audit and Risk
• Credit Restructuring Committee Management Division received the title Meet Expectation or
Good.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 347
Page 350
Mechanism of Self Resignation and Termination 2. Members of the Board of Commissioners must carry out
of The Board of Directors their duties and responsibilities in good faith, with full
responsibility and prudent principle.
The mechanism for resignation and dismissal of the Board of 3. Perform tasks specifically given to them according to the
Directors includes: Articles of Association, laws and/or resolutions of the GMS,
1. A member of the Board of Directors may submit an among others:
application to resign from his position by notifying in writing a. a. The Board of Commissioners is obliged to
of his intentions to the Controlling Shareholders and the Bank. ensure the implementation of Good Governance in
2. The company is obliged to hold a GMS to decide on the every business activity of the Bank at all levels of the
resignation request of a member of the Board of Directors organization.
no later than 90 (ninety) days after the resignation letter is b. Approve and evaluate Risk Management policies.
received. c. Evaluate the accountability of the Board of Directors
3. A member of the Board of Directors can be temporarily for the implementation of Risk Management policies.
suspended by the Board of Commissioners by stating the Komisaris.
reasons and must be notified in writing to the member of the d. Evaluate and decide Board of Directors’ requests
Board of Directors concerned. related to transactions that require the approval of the
4. The Board of Commissioners must hold a GMS to revoke Board of Commissioners.
or affirm the decision on the temporary dismissal within 90 e. Supervise the implementation of the duties and
(ninety) days after the date of the temporary dismissal. With responsibilities of the Board of Directors and provide
the expiration of the time period for holding the GMS or the advice to the Board of Directors.
GMS unable to make a decision, the temporary dismissal f. Supervise the implementation of the Company’s
of members of the Board of Directors by the Board of Compliance Function on regulations of Bank Indonesia/
Commissioners is canceled. Financial Services Authority and statutory regulations
5. The Company is obliged to implement a mechanism for and commitments to Bank Indonesia/ Financial
resignation and dismissal of the Board of Directors and Services Authority and other parties in accordance with
conduct disclosure of information to the public in accordance statutory regulations and/or agreements.
with OJK regulations. OJK. g. Distributing duties among the members of Board
of Commissioners in accordance with the expertise
Board of Commissioners and experience of each Member of the Board of
Commissioners.
The Board of Commissioners is the Corporate Governance organ 4. 4. Prepare work programs and performance targets for
whose job is to carry out general and/or specific supervision in the Board of Commissioners each year as well as a peer
accordance with the Articles of Association, provide advice to the review mechanism on the performance of the Board of
Board of Directors, and ensure that the Company implements the Commissioners.
principles of good corporate governance. 5. Be responsible for the implementation of the duties of the
Board of Commissioners to the GMS.
The Board of Commissioners is responsible to the GMS in 6. Conduct active supervision through Board of Commissioners
terms of overseeing the policies of the Board of Directors Meetings and/or Joint Meetings with Board of Directors, in
regarding the Company’s operations in general which refer to the relation to the implementation of GCG.
approved business plan, as well as ensuring compliance with all 7. Each member of the Board of Commissioners is jointly
applicable laws and regulations. The responsibility of the Board of and collectively liable for the Company’s losses caused
Commissioners to the GMS is a manifestation of the supervisory by errors or negligence of the members of the Board of
accountability for the management of the Business Entity in the Commissioners in carrying out their duties, unless the
implementation of the principles of good governance. member of the Board of Commissioners concerned can
prove:
Duties and Responsibilities of The Board of a. The loss is not due to an error or negligence.
Commissioners b. Has conducted supervision in good faith, full of
responsibility, and prudently for the interests and
The Board of Commissioners has duties and responsibilities in accordance with the aims and objectives of the
that have been regulated in the Work Guidelines and Code of Company.
Conduct, including the following: c. Has no conflict of interest, either directly or indirectly,
1. The Board of Commissioners is tasked with supervising the over the supervision actions that result in losses.
policies and processes of management in general, both d. Has taken actions to prevent such losses arising or
regarding the Company and the Company’s business, and continuing.
providing advice to the Directors. e. Has given advice to the Board of Directors to prevent
bankruptcy.
PT Bank Pembangunan Daerah Jawa Timur Tbk
348 Annual Report 2023
Page 351
CORPORATE
GOVERNANCE
8. The Board of Commissioners individually or collectively at b. All existing problems are discussed carefully and
any time during the Bank’s office hours has the right to enter thoroughly.
buildings and yards or other places used or controlled by c. All members of the Board of Commissioners are given
the Bank and has the right to examine all books, letters and the opportunity to contribute effectively.
other evidence, check and match the situation cash and d. Each Commissioner receives relevant information
others and have the right to know all actions taken by the in a timely manner, including a brief explanation
Board of Directors. of the issues that will be discussed at the Board of
9. The Board of Commissioners has the right to request Commissioners’ meeting.
explanations from the Board of Directors regarding all e. Board of Commissioners meetings produce clear
matters relating to the management of the Bank and to decisions and are recorded in the minutes. notulen.
know all policies and actions that have been and will be 7. Ensure that the Board of Commissioners behaves in
carried out by the Board of Directors. accordance with applicable regulations.
10. The Board of Commissioners may temporarily dismiss one 8. Lead efforts to meet the development needs of the Board
or more members of the Board of Directors, if the member of Commissioners.
of the Board of Directors acts contrary to the articles of 9. Perform other responsibilities assigned by the Board of
association or applicable laws and regulations. Commissioners, from time to time.
11. Temporary dismissal must be notified to the person
concerned along with the reasons. Rights and Authorities of the Board of
12. The Board of Commissioners may conduct management Commissioners
of the Bank in certain circumstances for a certain period
in accordance with the provisions of the Articles of The rights and powers of the Board of Commissioners are to:
Association. 1. Individually or collectively at any time during the working
13. The Board of Commissioners can exercise other supervisory hours of the Company’s office has the right to enter the
authority as long as it does not conflict with the laws and building and yard or other places used or controlled by
regulations, the Articles of Association and/or the resolution the Company and the right to examine all books, letters
of the GMS. and other evidence, check and match the cash and cash
conditions. others and has the right to know all the actions
Duties and Responsibilities of President Commissioner that have been carried out by the Board of Directors.
2. Request an explanation from the Board of Directors regarding
In accordance with the Regulation of Financial Services all matters relating to the management of the Company
Authority POJK No. 17 of 2023 concerning Implementation of 3. Know all the policies and actions that have been and will be
Governance for Commercial Banks, it is stated that the Board carried out by the Board of Directors.
of Commissioners must be led by the President Commissioner. 4. Requesting the Board of Directors and/or other officers
The function of the President Commissioner in the Governance under the Board of Directors with the knowledge of the
process is none other than the coordinator of the Board of Board of Directors to attend the meeting of the Board of
Commissioners’ organs as a whole, as essentially the relationship Commissioners.
between the members of the Board of Commissioners is 5. Suspend one or more members of the Board of Directors,
equal and in the nature of an assembly; hence, they cannot if the member of the Board of Directors acts contrary to the
act individually but based on the Board of Commissioners’ articles of association or the prevailing laws and regulations.
decision. In general, the duties and responsibilities of the 6. The said temporary dismissal must be notified to the
President Commissioner are as follows: person concerned along with the reasons.
1. Coordinate the implementation of the duties and 7. Form Committees under the Board of Commissioners
responsibilities of the Board of Commissioners. in accordance with laws and regulations by taking into
2. Propose to hold a Board of Commissioners Meeting, account the needs of the Company.
including the agenda of the Meeting. 8. Appoint and appoint an individual or expert to carry out
3. Summons and chair the Board of Commissioners’ meeting. certain tasks deemed necessary at the expense of the
4. Submit the supervisory report to obtain the approval of company.
the Annual GMS for the implementation of the duties and 9. Perform actions in managing the Company in certain
supervision of the Board of Commissioners. circumstances for a certain period of time in accordance
5. Ensure that the implementation of the responsibilities of the with the provisions of the Articles of Association.
Board of Commissioners has been carried out according to 10. Hold meetings with the Board of Directors to evaluate the
procedures. performance of the Board of Directors.
6. Ensure that meetings of the Board of Commissioners 11. Appoint the Secretary of the Board of Commissioners
make decisions effectively based on true and complete based on the prevailing laws and regulations.
information, including ensuring that: 12. Provide approval for policy guidelines regarding the
a. All strategic and important issues are taken into provision of funds to related parties and the provision of
consideration by the Board of Commissioners. large funds (large exposure).
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 349
Page 352
13. Provide approval for the provision of funds to related applicable regulations and being assessed as being able to carry
parties. Carry out active supervision of the policy in out their functions well, without prejudice to the GMS’s right to
question. dismiss at any time.
14. Request the Board of Directors to follow up on the findings
of the SKAI examination. Board of Commissioners Criteria
15. Determine a special examination by SKAI if there are
allegations of fraud, irregularities, against the applicable The criteria for the Board of Commissioners of Bank Jatim have
laws and regulations. been stipulated in the Articles of Association of the Company
16. Evaluate and examine the follow-up to the Internal Audit and the Implementation Manual are as follows:
Report, Compliance Director Report, Public Accountant 1. Individual, Indonesian citizen who:
Report, Bank Indonesia Report and BPK Report. a. Individual, Indonesian citizen who.
17. Consider the appointment and dismissal of the head of the b. Faithful and obedient to the State and Government.
internal audit work unit (SKAI) proposed by the President c. Do not engage directly or indirectly in activities treason
Director. against the State.
18. Provide feedback on periodic reports submitted by the d. Physically and mentally healthy.
Board of Directors. e. Have never carried out activities that harm the State or
19. Carry out other supervisory powers as long as they do not conduct disgraceful actions in the banking sector.
conflict with laws and regulations, the Articles of Association f. The voting rights were not revoked based on a court
and/or the resolutions of the GMS. decision.
2. Pass a Fit and Proper Test in accordance with OJK
Decision That Needs To Agree To The Board of regulations.
Commissioners 3. The majority of members of the Board of Commissioners
are prohibited from having family ties to the second degree
Decisions that need to be approved by the Board of with fellow members of the Board of Commissioners and/or
Commissioners of Bank Jatim have been regulated in the Code members of the Board of Directors.
of Conduct section of the Work Mechanism between the Board 4. Within 5 (five) years prior to the appointment and during
of Directors and the Board of Commissioners. Matters that the term of office:
need to be approved by the Board of Commissioners are as a. Never been declared bankrupt.
follows: b. Never been a member of the Board of Directors and/
1. General Meeting of Shareholders (GMS). or a member of the Board of Commissioners who was
2. Changes in Organizational Structure. found guilty of causing a company to go bankrupt.
3. Bank Business Plan and Corporate Plan. c. Never been convicted of committing a crime that
4. Legal Lending Limit (LLL) with Related Parties. caused losses to state finances and/or was related to
5. Internal Audit Charter and the Appointment and Dismissal the financial sector
of the Head of Internal Audit Unit in relation to the d. Has never been a member of the Board of Directors
implementation of the Standard for the Implementation of and/ or a member of the Board of Commissioners who
the Internal Audit Function for Commercial Banks (SPFAIB). during his tenure:
6. Reports to Bank Indonesia relating to conditions that - Never held an Annual GMS.
endanger the sustainability of the Bank’s business. - The responsibilities as a member of the Board
7. SKAI Semester Report. of Directors and/or a member of the Board of
8. Approval of Implementation Guidelines that must be ratified Commissioners have never been accepted by
by the Board of Commissioners, among others, guidelines the GMS or have never given accountability as a
for large exposure transactions such as Guidelines for member of the Board of Directors and/or a member
Disposal of Assets, Write-Off Loans and Claim Write-Offs of the Board of Commissioners to the GMS.
and others. - Have caused a company that obtained a license,
9. Others according to the provisions. approval, or registration from FSA to fail to fulfill
its obligation to submit an annual report and/or
Term of Office of Board of Commissioners financial report to FSA.
5. Not involved directly or indirectly in treasonous activities to
The term of office of a member of the Board of Commissioners the State.
is a maximum of 4 (four) years from the date specified in the 6. Never carry out activities that are detrimental to the State
GMS of appointment and ends at the closing of the 4th (fourth) or disgraceful actions in the banking sector
Annual GMS from the date of appointment or until the closing 7. Not deprived of voting rights based on court decisions.
of the Annual GMS at the end of 1 (one) term period. position, 8. Have a good financial track record, proven by documents
and can be reappointed for a second term of office, after taking that have been issued by the competent authority.
into account the provisions of the Financial Services Authority and 9. Meet other requirements as specified.
PT Bank Pembangunan Daerah Jawa Timur Tbk
350 Annual Report 2023
Page 353
CORPORATE
GOVERNANCE
Board of Commissioners’ Work Procedures Board of commissioners’ work procedures guidelines of Bank
Guidelines Jatim were last updated on January 15, 2021. The contents
of Board of Commissioners Charter regulate the following
The Board of Commissioners has Board Charter for the Board matters:
of Commissioners’ work rules no. 060/01/DK/KEP dated A. Governance Structure
January 15, 2021 regarding the Work Guidelines for the Board 1. Board of Commissioners Composition
of Commissioners. The work code of conduct is evaluated 2. Board of Commissioners Criteria
periodically and updated with reference to the applicable rules 3. Term of Office
and regulations. 4. Duties, Obligations, Authority, Responsibilities,
Prohibitions
Board of Commissioners’ Work Procedures Guidelines is 5. Organization
binding for each member of the Board of Commissioners so 6. Distribution of Duties of the Supporting Organs of the
that the Board of Commissioners can carry out their supervisory Board of Commissioners
functions efficiently, effectively, transparently, independently, B. Governance Process
and accountably. The basis for the preparation of board of 1. Division of work
commissioners’ work procedures guidelines is the Bank’s 2. Working time
Articles of Association, Law No. 40 of 2007 concerning Limited 3. Work Ethics
Liability Companies, Financial Services Authority Regulations 4. Supervision Mechanism Board of Commissioners
and OJK Circular on the application and organs of Corporate 5. Board of Commissioners Meeting
Governance, and other regulations. 6. Workflow & MechanismKerja
C. Governanace Outcome
1. Report
2. Means of Correspondence
3. Letter Distribution
The Supervision of The Board of Commissioners’ Supervisory Duties
In order to optimize the implementation of the functions and duties of the Board of Commissioners, it has been determined that the
field of duties of each member of the Board of Commissioners has been established. The management of the supervisory duties of
the Board of Commissioners does not reduce the rights, obligations, responsibilities and authority of each member of the Board of
Commissioners in carrying out their functions and duties. As for the division of functions, duties and responsibilities of the Board of
Commissioners as follows.
Table of Duties of the Board of Commissioners
Name Position Duties
Suprajarto* President Commissioner Member of Remuneration and Nomination Committee
Candra Fajri Ananda Head of the Risk Monitoring
Independent Commissioner Committee Chairman of the Audit Committee
Member of Remuneration and Nomination Committee
Muhammad Mas’ud Independent Commissioner
Independent Commissioner Chairman of the Remuneration and Nomination Committee
Audit Committee Member
Sumaryono Komisaris Independen Chairman of the Audit Committee
Member of the Risk Monitoring Committee
Member of Remuneration and Nomination Committee
Heru Tjahjono** Commissioner Member of Remuneration and Nomination Committee
Adhy Karyono*** Commissioner Member of Remuneration and Nomination Committee
*Stopped serving as President Commissioner dated December 19, 2023 (passed away).
**Stopped serving as Board of Commissioner dated April 12, 2023 (dismissed at the Annual GMS Year 2022).
***Appointed as Board of Commisioners at the Annual GMS for Fiscal Year 2022 dated April 12, 2023 and was effective from November 24, 2023.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 351
Page 354
Concurrent Position of Board of Commissioners
Charter of Board of Commissioners of Bank Jatim has 2. Members of the Board of Directors, Board of Commissioners
regulated the provisions concerning concurrent positions of or Executive Officers of more than 1 (one) non-financial
the Board of Commissioners, namely members of the Board institution or non-financial company, both domestic and
of Commissioners are prohibited from holding concurrent abroad.
positions as: 3. Other positions that may lead to a conflict of interest and/or
1. Members of the Board of Directors, Board of Commissioners, other position in accordance with the rules and regulations.
or Executive Officers of financial institutions or financial
companies, both banks and non-banks.
Tabel Rangkap Jabatan Dewan Komisaris
Jabatan pada Perusahaan/ Nama Perusahaan/ Instansi
Nama Jabatan
Instansi Lain Lain
Suprajarto* President Commissioner - -
Candra Fajri Ananda Independent Special Staff Ministry of Finance
Commissioner
Muhammad Mas’ud Independent Postgraduate Director University of Islam
Commissioner
Sumaryono Independent - -
Commissioner
Heru Tjahjono** Commissioner - -
Adhy Karyono*** Commissioner Regional Secretary East Java Province
*Stopped serving as President Commissioner dated December 19, 2023 (passed away).
**Stopped serving as Board of Commissioner dated April 12, 2023 (dismissed at the Annual GMS Year 2022).
***Appointed as Board of Commissioner at the Annual GMS dated April 12, 2023 and was effective from November 24, 2023.
Management of Conflicts of Interest of The
Board of Commissioners
6. Not being influenced by other parties in carrying out duties
Management of conflicts of interest for the Board of and making decisions that lead to abuse of authority and/
Commissioners as stipulated in the Board of Commissioners or improper decision making.
Guidelines and Procedures are as follows: 7. Not holding multiple positions as:
1. Members of the Commissioner are required to keep a. Members of the Board of Directors, members of the
information which is based on laws and regulations must Board of Commissioners or Executive Officers at
be kept confidential, including not being involved in Insider financial institutions or financial companies, both banks
Trading or self-dealing with the aim of obtaining personal and nonbanks.
gain. b. Members of the Board of Directors, members of the
2. Not taking advantage of the Company for personal, family, Board of Commissioners or Executive Officers in more
and/or other party interests that may harm or reduce the than 1 (one) nonfinancial institution or non-financial
Company’s profits. company, either domiciled inside or outside the
3. Do not take and/or receive personal benefits from the Bank country.
other than remuneration and other facilities determined by c. Other positions that may cause conflict of interest
the GMS. and/or other positions in accordance with laws and
4. Not involved in making decisions about the Company’s regulations.
operational activities, except for the provision of funds 8. Disclose remuneration and other facilities received in the
to related parties and other matters stipulated in the Governance Implementation Report as stipulated in the
Company’s Articles of Association or applicable laws and Financial Services Authority Regulation.
regulations.
5. Do not carry out transactions that have a conflict of interest During 2023, the Bank ensures that all members of the Board of
and/or take personal gain either directly or indirectly from Commissioners have no conflict of interest or potential conflict
the Company’s activities other than legal income as a of interest against Bank Jatim.
member of the Board of Commissioners.
PT Bank Pembangunan Daerah Jawa Timur Tbk
352 Annual Report 2023
Page 355
CORPORATE
GOVERNANCE
In carrying out the duties, powers, obligations and Independent Commissioners
responsibilities of each Board of Commissioners of Bank Jatim,
they must always be based on job ethics. All members of the Bank Jatim is subject to regulations issued by regulators
Board of Commissioners must avoid potential conflicts of regarding the existence of Independent Commissioners in the
interest or always position themselves not to be in a potential Bank. The Bank’s Independent Commissioners are appointed
conflict of interest in any situation as stated in the Charter of the at least 50% (fifty percent) of the total members of the Board
Board of Commissioners. of Commissioners. The number of Independent Commissioners
of Bank Jatim consisted of 3 (three) people out of a total of 5
In the event of a conflict of interest, the Board of Commissioners (five) members of the Board of Commissioners. In other words,
who has a conflict of interest does not use their rights/authority the composition of the Independent Commissioners of Bank
in making decisions. Members of the Board of Commissioners Jatim was more than 50% of the total members of the Board of
are prohibited from taking actions that may harm the Bank Commissioners.
or reduce the Bank’s profits and must disclose the conflict of
interest referred to in every decision.
Criteria for Determining Independent Commissioners
The criteria for determining the Independent Commissioner of Bank Jatim are regulated in the articles of association and in the
guidelines for the implementation of the Board of Commissioners of Bank Jatim that are adjusted according to the applicable
rules including Circular Letter of the Financial Services Authority No. 13/SEOJK.03/2017 regarding Governance Implementation for
Commercial Banks and Regulation of Financial Services Authority No. 33/POJK.04/2014 regarding Board of Directors and Board
of Commissioners of Issuers or Public Companies, among others it is explained that Independent Commissioners must meet the
following requirements:
Komisaris Independen
Kriteria Komisaris Independen Candra Fajri Muhammad
Sumaryono
Ananda Mas’ud
Have no financial relationship, management relationship, share ownership
relationship, family relations with other members of the Board of
Commissioners, Directors and/or Controlling Shareholders or relationship
with the Bank, which can affect their ability to act independently.
Not a person who works or has the authority and responsibility to plan,
lead, control, or supervise the activities of Issuers or Public Companies
within the last 6 (six) months, except for reappointment as Independent
Commissioners of Issuers or Public Companies in the following period.
Have no shares either directly or indirectly in the Issuer or Public Company.
Have no affiliation relationship with Issuers or Public Companies, members
of the Board of Commissioners, members of the Board of Directors, or
major shareholders of Issuers or Public Companies.
Do not have business relations, directly or indirectly, that are related to the
business activities of the Issuer or Public Company.
The presence of an Independent Commissioner is intended to Independent Commissioner must be free from conflicts
be able to encourage the creation of an objective climate and of interest. In order to support the implementation of the
work environment, placing fairness and equality among various Company’s GCG, shareholders in the GMS determine the
interests, including the interests of minority shareholders and Independent Commissioners with the number and requirements
other stakeholders. as stipulated in the laws and regulations to carry out supervisory
duties towards the Bank.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 353
Page 356
Independent Commissioner Statement
PT Bank Pembangunan Daerah Jawa Timur Tbk
354 Annual Report 2023
Page 357
CORPORATE
GOVERNANCE
Meeting of Board of Commissioners Internal Meeting of Board of Commissioners
Meeting Policy INTERNAL MEETING PLAN OF THE BOARD OF
COMMISSIONERS
The Board of Commissioners must hold regular meetings, and
arrange a meeting schedule for the following year before the The Board of Commissioners has drawn up plans for a meeting
end of the financial year. in 2023 in the Work Program of the Board of Commissioners.
1. The implementation of the meeting can be divided into The Board of Commissioners Meeting Plan is prepared as a
two, namely guideline in the implementation of the meeting in accordance
a. Internal meetings of the Board of Commissioners. with the time specified both the internal meeting of the Board
b. Meetings of the Board of Commissioners with the of Commissioners and the meeting with the Board of Directors,
Board of Directors and/or Head of Work Unit (Division) among others as follows:
in accordance with the topic discussed
2. Internal meetings of the Board of Commissioners must be Quarter I
held regularly at least once every 2 (two) months (6 (six) • Monthly Review on Bank Performance.
times a year). • Review and approval of the Annual Report and Consolidated
3. Meetings of the Board of Commissioners with the Board of Financial Statements for the 2023 Audited Fiscal Year.
Directors must be held regularly at least once every 2 (two) • Quarterly Review on Bank Performance for 2023.
months (6 (six) times a year). • Preparation for the 2023 Annual General Meeting of
4. Meetings can also be held at any time at the request of 1 Shareholders.
(one) or several Members of the Board of Commissioners or • Program review and performance appraisal of the Board of
at the request of the Board of Directors, stating matters to Commissioners and Committees.
be discussed. • Quarterly Review of Risk Profile, Business Activities, IT, HR
5. Meetings of the Board of Commissioners and/or Meetings and Annual Strategic Initiatives for Fiscal Year 2023.
of the Board of Commissioners with the Board of Directors
can be thematic in accordance with existing problems Quarter II
under certain conditions; • Monthly Review on Bank Performance.
6. At the meeting that has been scheduled, meeting materials • Quarterly Review of Risk Profile, Business Activities, IT, HR and
are submitted to participants no later than 5 (five) days Other Strategic Initiatives for the Quarter I/2023 period.
before the meeting is held. • Supervision and evaluation of the Bank’s Soundness Level,
7. In the event that a meeting is held outside the Risk Management, Governance Implementation, as well
predetermined schedule, the meeting materials shall be as a review of the compliance function report and the
submitted to the meeting participants no later than before implementation of the Compliance Director’s duties.
the meeting is held. • Discussion of the Nomination Process for Candidates for
8. The meeting of the Board of Commissioners is chaired by Bank Management.
the President Commissioner, in the event that the President • Review of Bank’s internal policies/regulations (BPP/SOP).
Commissioner is unable to attend or is absent which does
not need to be proven to a third party, the meeting of the Quarter III
Board of Commissioners is chaired by a member of the • Monthly Review on Bank Performance
Board of Commissioners who is elected by and from the • Quarterly Review of Risk Profile, Business Activities, IT, HR and
members of the Board of Commissioners who are present. Other Strategic Initiatives for the Quarter II/2023 period.
9. A member of the Board of Commissioners can be • Discussion of the Company’s 2023 Work Plan and Budget.
represented in a meeting of the Board of Commissioners • Discussion of the Nomination Process for Candidates for
only by another member of the Board of Commissioners Bank Management.
based on a power of attorney. • Discussion of the process of selecting a Public Accounting
10. Meetings of the Board of Commissioners are valid and have Firm (KAP) for the 2023 Financial Statement Audit.
the right to make binding decisions if more than ½ (one
half) of the total members of the Board of Commissioners Quarter IV
are present or represented at the meeting. • Monthly Review on Bank Performance.
11. Decisions of the Board of Commissioners meeting must be • Quarterly Review of Risk Profile, Business Activities, IT, HR and
made based on deliberation to reach consensus. Other Strategic Initiatives for the Quarter III/2023 period.
12. If a decision cannot be made by deliberation to reach a • Approval of the Bank’s 2024 Business Plan, Sustainable
consensus, the decision is made by voting based on a Finance Action Plan;
vote in agreement of at least more than ½ (one half) of the • Supervision and evaluation of the Bank’s Soundness Level,
number of votes cast in the meeting. Risk Management and, Implementation of governance,
as well as review of compliance function reports and
implementation of the Compliance Director’s duties;
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 355
Page 358
• Approval of the Bank Business Plan;
• Discussion on the preparation of the Work Program and Budget for the Board of Commissioners and Committees for 2024; And
• Preparation of a governance implementation report for the 2023 financial year.
REALIZATION OF THE INTERNAL MEETING OF THE BOARD OF COMMISSIONERS
Internal meetings of the Board of Commissioners have been held in accordance with policy. Meeting materials must be submitted no
later than 5 (five) days. Throughout 2023, the agenda, dates and participants of the Board of Commissioners’ Meeting are as follows.
Table of Internal Meetings of the Board of Commissioners
Meeting Meeting Atendance Reason for
No. Date
Agenda Participants Absence
1. January 12, 2023 The discussion includes: Suprajarto Present
1. Discussion of Renumeration of
Bank Jatim’s Management Muhammad Mas'ud Not present Permit
2. Etc Candra Fajri Ananda Present
Sumaryono Present
Heru Tjahjono Present
2. January 12, 2023 The discussion includes: Suprajarto Present
1. Draft of Key Performance
Indicator (KPI) of the Board of Muhammad Mas'ud Not present Permit
Directors Candra Fajri Ananda Present
2. Follow-up related to Review
of Standard Operating Sumaryono Present
Procedure (SOP) for
Implementing Governance Heru Tjahjono Present
in Renumeration for
Management
3. Etc
3. February 24, 2023 The discussion includes: Suprajarto Present
1. Overview with Directorate of
Risk Management Muhammad Mas'ud Present
Candra Fajri Ananda Present
Sumaryono Present
Heru Tjahjono Not present Permit
4. March 9, 2023 The discussion includes: Suprajarto Present
1. Overview with Directorate of
Credit for Micro, Retail, and Muhammad Mas'ud Not present Permit
Medium Candra Fajri Ananda Not present Permit
Sumaryono Hadir
Heru Tjahjono Not present Permit
5. April 5, 2023 The discussion includes: Suprajarto Present
1. Recommendation of
Renumeration and Muhammad Mas'ud Present
Nomination Committee Candra Fajri Ananda Present
Sumaryono Present
Heru Tjahjono Present
PT Bank Pembangunan Daerah Jawa Timur Tbk
356 Annual Report 2023
Page 359
CORPORATE
GOVERNANCE
Meeting Meeting Atendance Reason for
No. Date
Agenda Participants Absence
6. April 26, 2023 The discussion includes: Suprajarto Present
1. Key Performance Indicator
(KPI) Management and Muhammad Mas'ud Present
Technical Guidance on the
Candra Fajri Ananda Present
Calculation of Tantiem and
Other Allowances for Bank Sumaryono Present
Jatim’s Management
Suprajarto Present
7. May 3, 2023 The discussion includes: Suprajarto Present
1. Overview of Structure and
Scope of Work of SEVP Muhammad Mas'ud Not present Permit
Network & Services Candra Fajri Ananda Present
2. Discussion of Progress related
to Corporate Action Plan KUB Sumaryono Present
with Bank NTB Syariah
8. June 23, 2023 The discussion includes: Suprajarto Present
1. Recommendation of
Renumeration and Nomi- Muhammad Mas'ud Present
nation Committee related to Candra Fajri Ananda Present
the Sharia Superviso-ry Board
2. Revision of RBB/Bank Sumaryono Present
Business Plan Year 2023
Adhy Karyono* Present
9. July 20, 2023 The discussion includes: Suprajarto Present
1. Recommendation of Audit
Committee related to Internal Muhammad Mas'ud Present
Audit Division Leader of Bank Candra Fajri Ananda Present
Jati.
Sumaryono Present
Adhy Karyono* Present
10. July 25, 2023 The discussion includes: Suprajarto Present
1. Follow-up Business Plan
Exposure Year 2023 by SEVP Muhammad Mas'ud Not present Permit
Corporate, Syndicated and Candra Fajri Ananda Present
Institutional
Sumaryono Present
Adhy Karyono* Not present
11. July 29, 2023 The discussion includes: Suprajarto Present
1. Coordination of Board of
Commissioner related to Muhammad Mas'ud Present
Explanation and Clarification Candra Fajri Ananda Not present Permit
of Legal Counsel of Mr.
Suprajarto, President Sumaryono Present
Commissioner of Bank Jatim
Adhy Karyono* Not present Permit
12. August 18, 2023 The discussion includes: Suprajarto Present
1. Supervisory Report of Board
of Commissioner regarding Muhammad Mas'ud Present
RBB/Bank Business Plan 1st Candra Fajri Ananda Not present Permit
Semester year 2023
2. Proposal of Temporary Sumaryono Present
Replacement for Com-pliance
Director Adhy Karyono* Not present Permit
3. Renumeration & Nomination
Committee:
- Composition of
Renumeration &
Nomination Committee
Members
- Review of KPI of Board of
Commissioners
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 357
Page 360
Meeting Meeting Atendance Reason for
No. Date
Agenda Participants Absence
13. October 2, 2023 The discussion includes: Suprajarto Present
1. Overview with Directorate of
Finance, Treasury & Global Muhammad Mas'ud Present
Services
Candra Fajri Ananda Not present Permit
Sumaryono Present
Adhy Karyono* Not present
14. October 2, 2023 The discussion includes: Suprajarto Present
1. Overview with SEVP Sharia
Business Muhammad Mas'ud Present
Candra Fajri Ananda Not present Permit
Sumaryono Present
Adhy Karyono* Not present
15. October 2, 2023 The discussion includes: Suprajarto Present
1. Overview with SEVP
Consumer Banking Muhammad Mas'ud Present
Candra Fajri Ananda Permit
Sumaryono Present
Adhy Karyono* Not present
16. October 2, 2023 The discussion includes: Suprajarto Present
1. Overview with SEVP
Corporate, Syndicated & Muhammad Mas'ud Present
Institutional
Candra Fajri Ananda Not present Permit
Sumaryono Present
Adhy Karyono* Not present
17. October 10, 2023 The discussion includes: Suprajarto Present
1. Overview of Human Capital
Division Muhammad Mas'ud Not present Permit
Candra Fajri Ananda Present
Sumaryono Present
Adhy Karyono* Not present
18. October 27, 2023 The discussion includes: Suprajarto Present
1. Overview with Operational
Directorate Muhammad Mas'ud Not present Permit
Candra Fajri Ananda Not present
Sumaryono Present
Adhy Karyono* Not present
19 December 27, 2023 The discussion includes: Muhammad Mas'ud Present
1. Findings of FSA Year 2023
(in the scope of work with Candra Fajri Ananda Present
Board of Commissioners and
the Board of Commissioners Sumaryono Present
Committees).
2. Report on the Implementation
of the Work Pro-gram and
Budget of the Board and
Board of Commissioners
Committees Year 2023.
3. Work Program and Budget
Plan for the Board of
Commissioners and Board of
Commissioners Committee
Year 2024.
4. Etc.
20 December 28, 2023 The discussion includes: Muhammad Mas'ud Present
1. Implementation Report of
GMS Year 202 Candra Fajri Ananda Present
Sumaryono Present
Adhy Karyono Present
Description:
* Appointed as Commissioner at the 2022 Annual GMS on April 12, 2023 and effective November 24, 2023.
PT Bank Pembangunan Daerah Jawa Timur Tbk
358 Annual Report 2023
Page 361
CORPORATE
GOVERNANCE
Joint Meeting of the Board of Commissioners and the Board of Directors
The Joint Meeting of the Board of Commissioners with the Board of Directors consists of a Joint Meeting of the Board of Commissioners
inviting the Board of Directors or vice versa.
REALIZATION OF JOINT MEETINGS OF THE BOARD OF COMMISSIONERS AND THE BOARD OF DIRECTORS
The Joint Meeting of the Board of Commissioners and the Board of Directors was held in accordance with policy. Meeting materials
must be submitted no later than 5 (five) days. Throughout 2023, the agenda, dates and participants of the Joint Meetings of the
Board of Commissioners and the Board of Directors are as follows.
Table of Joint Meetings of the Board of Commissioners and Directors
Board of Board of
Present/ Present/
Commissioners Reason for Directors Reason for
No Date Meeting Agenda Not Not
Meeting Absence Meeting Absence
Present Present
Participants Participants
1. January 12, The discussion Suprajarto Present Busrul Iman Present
2023 includes:
1. Audit Plan Muhammad Mas'ud Not Permit Tonny Present
2. Adjustment of present Prasetya
Bank Business Plan Candra Fajri Ananda Present Arief Present
(RBB) Year 2023 Wicaksono
3. Etc.
Sumaryono Present Eko Susetyono Present
Heru Tjahjono Present Edi Masrian-to Present
Zulhelfi Abidin Present
2. January 13, The discussion Suprajarto Present Busrul Iman Present
2023 includes:
1. Evaluation of Bank Muhammad Mas'ud Not Permit Tonny Present
Jatim’s Financial present Prasetya
Performance Year Candra Fajri Ananda Not Permit Arief Present
2022 present Wicaksono
Sumaryono Present Eko Susetyono Present
Heru Tjahjono Present Edi Masrianto Present
Zulhelfi Abidin Present
3 January 26, The discussion Suprajarto Present Busrul Iman Present
2023 includes:
1. Results of Imple- Muhammad Mas'ud Present Tonny Present
mentation of Prasetya
Governance Self Candra Fajri Ananda Present Arief Not present Official travel
Assessment Year Wicaksono
2022
Sumaryono Not Permit Eko Susetyono Present
present
Heru Tjahjono Present Edi Masrianto Present
Zulhelfi Abidin Present
4. January 30, The discussion Suprajarto Present Busrul Iman Present
2023 includes:
1. Disccusion of the Muhammad Mas'ud Present Tonny Present
Results of the Prasetya
Governance Self Candra Fajri Ananda Present Arief Present
Assessment in Wicaksono
December 2022
Sumaryono Not Permit Eko Susetyono Present
present
Heru Tjahjono Present Edi Masrian-to Present
Zulhelfi Abidin Present
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 359
Page 362
Board of Board of
Present/ Present/
Commissioners Reason for Directors Reason for
No Date Meeting Agenda Not Not
Meeting Absence Meeting Absence
Present Present
Participants Participants
5 February The discussion Suprajarto Present Busrul Iman Present
17, 2023 includes:
1. Evaluation Muhammad Mas'ud Not Izin Tonny Pra- Not present
of Financial present setya
Perfor-mance of Candra Fajri Ananda Present Arief Present
Bank Jatim as of Wicaksono
January 2023
Sumaryono Present Eko Susetyono Hadir
Heru Tjahjono Present Edi Masrianto Not present
Present Zulhelfi Abidin Present
6 March 20, The discussion Suprajarto Present Busrul Iman Present
2023 includes:
1. Adjustment of RBB Muhammad Mas'ud Not Permit Tonny Pra- Present
Year 2023 present setya
2. Evaluation Candra Fajri Ananda Present Arief Present
of Financial Wicaksono
Performance
of Bank Jatim Sumaryono Present Eko Susetyono Present
Position February
2023 Heru Tjahjono Present Edi Masrian-to Present
Zulhelfi Abidin Present
7 April 4, The discussion in- Suprajarto Present Busrul Iman Present
2023 cludes:
1. Preparation of the Muhammad Mas'ud Present Tonny Present
Implementation Prasetya
of Annual GMS of Candra Fajri Ananda Present Arief Present
Bank Jatim Fiscal Wicaksono
Year 2022
Sumaryono Present Eko Susetyono Present
Heru Tjahjono Present Edi Masrianto Present
Zulhelfi Abidin Present
8 May 19, The discussion Suprajarto Present Busrul Iman Present
2023 includes:
1. Evaluation of Muhammad Mas'ud Present Tonny Present
Financial Perfor- Prasetya
mance of Bank Candra Fajri Ananda Present Arief Present
Jatim as of April Wicaksono
2023
2. The discussion of Sumaryono Present Eko Susetyono Present
the Simulation of
RBB Changes Year Edi Masrianto Present
2023 Zulhelfi Abidin Present
3. Etc.
Arif Suhirman* Present
9 June 23, The discussion Suprajarto Present Busrul Iman Present
2023 includes:
1. Evaluation of Muhammad Mas'ud Present Tonny Present
Financial Perfor- Prasetya
mance of Bank Candra Fajri Ananda Present Arief Not present Permit
Jatim as of May Wicaksono
2023.
2. The discussion of Sumaryono Present Eko Susetyono Present
RBB Revision Year
2023 Adhy Karyono Present Edi Masrianto Present
Zulhelfi Abidin Present
PT Bank Pembangunan Daerah Jawa Timur Tbk
360 Annual Report 2023
Page 363
CORPORATE
GOVERNANCE
Board of Board of
Present/ Present/
Commissioners Reason for Directors Reason for
No Date Meeting Agenda Not Not
Meeting Absence Meeting Absence
Present Present
Participants Participants
10. July 20, The discussion Suprajarto Present Busrul Iman Present
2023 includes:
1. Evaluation of Muhammad Mas'ud Present Tonny Present
Financial Perfor- Prasetya
mance of Bank Candra Fajri Ananda Present Arief Present
Jatim as of June Wicaksono
2023.
2. Key Performance Sumaryono Present Eko Susetyono Present
Indicator of Board
of Directors Edi Masrianto Present
3. Bank Business Zulhelfi Abidin Present
Group with Bank
NTB Syariah
4. Bank Business
Group with Bank
Lampung
11 July 27, The discussion Suprajarto Present Busrul Iman Present
2023 includes:
1. Results of Imple- Muhammad Mas'ud Not Permit Tonny Present
mentation of present Prasetya
Gov-ernance Self Candra Fajri Ananda Present Arief Present
Assess-ment June Wicaksono
Year 2023
Sumaryono Present Eko Susetyono Present
Edi Masrianto Present
Zulhelfi Abidin Present
12 August 18, The discussion Suprajarto Present Busrul Iman Present
2023 includes:
1. Evaluation Muhammad Mas'ud Present Tonny Present
of Financial Prasetya
Performance of Candra Fajri Ananda Present Arief Not present Permit
Bank Jatim as of Wicaksono
July 2023
Sumaryono Present Eko Susetyono Present
Edi Masrian-to Present
Zulhelfi Abidin Present
13 September The discussion Suprajarto Present Busrul Iman Present
22, 2023 includes:
1. Evaluation of Muhammad Mas'ud Not Permit Tonny Present
Financial Perfor- present Prasetya
mance of Bank Candra Fajri Ananda Present Arief Present
Jatim as of August Wicaksono
2023
2. Etc. Sumaryono Present Eko Susetyono Not present Permit
Edi Masrianto Present
Zulhelfi Abidin Present
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 361
Page 364
Board of Board of
Present/ Present/
Commissioners Reason for Directors Reason for
No Date Meeting Agenda Not Not
Meeting Absence Meeting Absence
Present Present
Participants Participants
14 September The discussion Suprajarto Present Permit Tonny Present
22, 2023 includes: Prasetya
1. Evaluations of
Follow-up the Muhammad Mas'ud Not Arief Present
Inter-nal Audit present Wicaksono
Findings and Legal Candra Fajri Ananda Present Eko Susetyono Not present Permit
Issues
Sumaryono Present Edi Masrianto Present
Zulhelfi Abidin Present
15 October The discussion Suprajarto Present Busrul Iman Present
11, 2023 includes:
1. The Discussion of Muhammad Mas'ud Present Tonny Present
Corporate Action Prasetya
Plan To Invest in Candra Fajri Ananda Present Arief Present
Bank NTB Syariah Wicaksono
(KUB)
2. Evaluation Sumaryono Present Eko Susetyono Present
of Financial
Performance of Edi Masrianto Present
Bank Jatim as of Zulhelfi Abidin Present
September 2023
3. Etc.
Arif Suhirman Present
16. November Discussion includes: Suprajarto Not Permit Busrul Iman Present
24, 2023 1. Evaluation of Bank present
Jatim’s Financial
Performance as of Muhammad Mas'ud Present Tonny Present
October 2023 Prasetya
2. Bank Business Plan Candra Fajri Ananda Present Arief Present
(RBB) for 2024 Wicaksono
Sumaryono Present Eko Susetyono Present
Adhy Karyono Present Edi Masrianto Present
Zulhelfi Abidin Present
Arif Suhirman Present
17. December The discussion Muhammad Mas'ud Present Busrul Iman Present
28, 2023 includes:
Evaluation of Candra Fajri Ananda Present Tonny Present
Financial Prasetya
Performance of Sumaryono Present Arief Present
Bank Jatim as of Wicaksono
November 2023
Adhy Karyono Present Eko Susetyono Present
Edi Masrianto Present
Zulhelfi Abidin Present
Arif Suhirman Present
PT Bank Pembangunan Daerah Jawa Timur Tbk
362 Annual Report 2023
Page 365
CORPORATE
GOVERNANCE
Frequency and Participants of Board of Commissioners’ Meetings
During 2023, Board of Commissioners has held and participated in 18 (eighteen) internal meeting and 17 (seventeen) of joint
meeting of Board of Commissioners with Board of Directors. The frequency and attendance meetings for each member of the Board
of Commissioners can be seen in the table below.
Table of Frequency and Participants of Board of Commissioners Meetings
Joint Meeting of Board of
Board of Commissioners Meeting Commissioners with Board of GMS
Directors
Number and Percentage of Number and Percentage of Number and Percentage of
Name Position
Presenters Presenters Presenters
Number Number Percen Number Number Percen Number Number Percen
of of tage of of tage of of tage
Meetings Presenters Meetings Presenters Meetings Presenters
Suprajarto* President 18 18 100% 16 15 93% 1 1 100%
Commissioner
Candra Fajri Independent 20 13 65% 17 10 59% 1 1 100%
Ananda Commissioner
Muhammad Independent 20 13 65% 17 16 94% 1 1 100%
Mas’ud Commissioner
Sumaryono Independent 20 20 100% 17 15 88% 1 1 100%
Commissioner
Heru Commissioner 5 3 60% 7 7 100% - - -
Tjahjono**
Adhy Commissioner 1 1 1 2 2 100% - - -
Karyono***
*Stopped serving as President Commissioners dated December 19, 2023 (passed away).
**Stopped serving as Board of Commissioners dated April 12, 2023 (dismissed at the Annual GMS Year 2022).
***Appointed as Board of Commissioners at the Annual GMS Year 2022, dated April 12, 2023, and was effective from November 24, 2023.
Training and/or Increasing Competence of 2. Increasing relationships and relationships with external
Members of The Board of Commissioners stakeholders.
3. Supporting the implementation of duties and responsibilities
In general, the policy regarding the competency development supported by knowledge of educational outcomes.
of members of the Board of Commissioners of Bank Jatim was 4. Developing professional knowledge, competence
regulated in the Board of Commissioners’ Work Guidelines and leadership abilities of the Directors and Board of
No. 060/01/DK/KEP dated January 15, 2021. In the Work Commissioners in line with the latest developments in the
Guidelines for the Board of Commissioners, it was stated that industry and good corporate governance.
the Board of Commissioners should always improve knowledge 5. Increasing awareness that education, introduction and
and insight by following developments in the banking industry development programs for the Board of Commissioners
in particular and the business world in general so that it had a became an important part of the company’s learning
positive impact on the operations of Bank Jatim, one of which and development process in addition to strengthening
was through education programs/ training to improve the the structure and strengthening corporate governance.
competence. perusahaan.
Specifically related to the implementation of education/ The Board of Commissioners determined that this education/
training programs to improve the competence of the Board training program had to be attended by each member of the
of Commissioners, it was arranged in the work program of the Board of Commissioners at least 2 (two) times in 1 (one) year.
Board of Commissioners every year. Competency development The training and/or competency improvement attended by the
aimed to: Board of Commissioners during 2023 are as follows.
1. Increasing the insight and knowledge of the Board of
Commissioners in accordance with their fields and business
developments.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 363
Page 366
Types of Training and Development Materials Time and place
Name Position Organizer
Competence/Training Implementation
Suprajarto* President National Seminar on Challenges, Opportunities and Banking Medan, May 11, 2023 FKDK - BPDSI
Commissioner Strategies in Implementing the Financial Sector Development
and Strengthening Law (UUP2SK)
National Seminar on Economy Outlook 2024 in the Surabaya, November FKDK - BPDSI
Development of the Digital Economy: Opportunities and 16, 2023
Challenges for Regional Development Banks
National Seminar on Awareness of the Threat of Cyber Crime Surabaya, November FKDK-BPDSI
in the Midst of Digital Banking Transformation Efforts 16, 2023
Candra Fajri Ananda Independent National Seminar on Challenges, Opportunities and Banking Medan, May 11, 2023 FKDK - BPDSI
Commissioner Strategies in Implementing the Financial Sector Development
and Strengthening Law (UUP2SK)
National Seminar on Economy Outlook 2024 in the Surabaya, November FKDK - BPDSI
Development of the Digital Economy: Opportunities and 16, 2023
Challenges for Regional Development Banks
National Seminar on Awareness of the Threat of Cyber Crime Medan, May 11, 2023 FKDK-BPDSI
in the Midst of Digital Banking Transformation Efforts
Muhammad Mas’ud Independent National Seminar on Challenges, Opportunities and Banking Surabaya, November FKDK - BPDSI
Commissioner Strategies in Implementing the Financial Sector Development 16, 2023
and Strengthening Law (UUP2SK)
National Seminar on Economy Outlook 2024 in the Surabaya, November FKDK-BPDSI
Development of the Digital Economy: Opportunities and 16, 2023
Challenges for Regional Development Banks
National Seminar on Awareness of the Threat of Cyber Crime Medan, December 7, FKDK-BDPSI
in the Midst of Digital Banking Transformation Efforts 2023
National Seminar on Indonesian Economic Outlook in 2024 Medan, December 7, FKDK - BPDSI
2023
Sumaryono Independent National Seminar on Challenges, Opportunities and Banking Medan, May 11, 2023 FKDK - BPDSI
Commissioner Strategies in Implementing the Financial Sector Development
and Strengthening Law (UUP2SK)
National Seminar on Economy Outlook 2024 in the Surabaya, November FKDK-BPDSI
Development of the Digital Economy: Opportunities and 16, 2023
Challenges for Regional Development Banks
National Seminar on Awareness of the Threat of Cyber Crime Surabaya, 16 FKDK-BDPSI
in the Midst of Digital Banking Transformation Efforts November 2023
National Seminar on Indonesian Economic Outlook in 2024 Medan, December 7, FKDK - BPDSI
2023
Heru Tjahjono** Commissioner - - -
Adhy Karyono*** Provision of Knowledge of Risk Management for the Surabaya, July 4, 2023 LPPI
Prospective Board of Commissioners
National Seminar on Economy Outlook 2024 in the Surabaya, November FKDK - BPDSI
Commissioner Development of the Digital Economy: Opportunities and 16, 2023
Challenges for Regional Development Banks
National Seminar on Awareness of the Threat of Cyber Crime Surabaya, November FKDK - BPDSI
in the Midst of Digital Banking Transformation Efforts 16, 2023
*Stopped serving as President Commissioners dated December 19, 2023 (passed away).
**Stopped serving as Board of Commissioners dated April 12, 2023 (dismissed at the Annual GMS Year 2022)
***Appointed as Board of Commissioners at the Annual GMS Year 2022, dated April 12, 2023 and was effective from November 24, 2023.
PT Bank Pembangunan Daerah Jawa Timur Tbk
364 Annual Report 2023
Page 367
CORPORATE
GOVERNANCE
Orientation Program for New Board of 3. Good Corporate Governance, duties, authorities and
Commissioners responsibilities of the Board of Commissioners and
Directors, delegation of authority and limits of authority
The Orientation Program is very important to be implemented, of the Board of Commissioners in carrying out supervisory
because the members of the Board of Directors can come duties on the company based on applicable laws and
from various backgrounds, so that in order to form a solid regulations;
work team, the Orientation Program is mandatory to run. The 4. Committees under the Board of Commissioners formed
provisions concerning the Orientation program must be given and directly responsible to the Board of Commissioners,
to Directors who are taking office for the first time must be and the Secretariat of the Board of Commissioners which
given an orientation program regarding the Bank. assists the smooth running of the duties of the Board of
Commissioners;
The orientation program that is given can be in the form of 5. Remuneration and facilities provided to members of the
participantss, meetings or visits to the Company’s facilities, Board of Commissioners.
introductions to Division Leaders, Groups and employees of
the Company and other programs. Procedures and Frequency of Giving Advice
During 2023, there was 1 (one) new Board of Commissioner Providing advice from the Board of Commissioners to the Board
appointed in the GMS, namely Adhy Karyono (Commissioner). of Directors through written letters or at meetings. Meetings
The induction program for new Commissioners will be held on held by the Board of Commissioners are divided into 2 (two),
April 13, 2023. namely:
1. Internal meetings of the Board of Commissioners.
In carrying out the Company’s introduction program in general 2. Meetings of the Board of Commissioners and the Board of
to the two new Commissioners, an orientation program was Directors.
carried out by delivering material including information/matters
as follows: In addition to these two meetings, the Board of Commissioners
1. Vision, mission, organizational structure of the Company, also conducts coordination meetings with the Committees
business activities and operational network; under the Supervision of the Board of Commissioners consisting
2. Annual Report, Corporate Plan and Bank Business Plan, of Audit Committee Meetings, Risk Monitoring Committee
the company’s Code of Ethics, Bank Jatim Work Culture, Meetings and Remuneration and Nomination Committee
the Company’s Articles of Association, and the Board of Meetings.
Commissioners’ Work Rules;
Recommendations, Implementation of Duties of The Board of Commissioners, and Supervision of
The Company’s Strategy Implementation
Throughout 2023 the Board of Commissioners provided recommendations and carried out the duties and responsibilities of the
Board of Commissioners through forums, including:
1. Board of Commissioners Meeting
2. Meetings with the Committees under the Board of Commissioners
3. On site visit of the Board of Commissioners.
The Board of Commissioners provided recommendations and carried out the duties and responsibilities of the Board of
Commissioners. During 2023, the Board of Commissioners issued 15 (fiveteen) letters of approval which were the authority of the
Board of Commissioners as regulated in the Articles of Association and applicable regulations. Some of these agreements are
conveyed as follows.
1. Audit Plan for the Internal Audit Division for the 2023 Period;
2. Implementation of the Annual General Meeting of Shareholders for the 2022 Financial Year of PT Bank Pembangunan Daerah
Jawa Timur Tbk;
3. Adjustment of the Bank Jatim Business Plan for 2023;
4. Submission of Key Performance Indicator (KPI) Data for Bank Jatim Management in 2022;
5. Procurement of a Public Accounting Firm (KAP) in the context of Auditing Bank Jatim’s Financial Reports as part of the Bank
Business Group (KUB) Due Diligence Process with Bank NTB Syariah;
6. Revised Bank Jatim Bank Business Plan for 2023;
7. Replacement of the Vice President of Internal Audit;
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 365
Page 368
8. Sharia Supervisory Board (PDPS) training for Sharia Supervisory Board Candidates
9. Sharia Supervisory Board (DPS) certification;
10. Changes in Credit or Financing Product and Activity Policies (KPA PAP);
11. Appointment of a Public Accountant and Public Accounting Firm to audit the Financial Report of PT Bank Pembangunan Daerah
Jawa Timur Tbk for the 2023 Financial Year;
12. Process of Providing Credit to Related Parties;
13. Bank Jatim Business Plan for 2024;
14. Proposed Company Handbook (BPP) Policies & Procedures for Capital Participation Activities; And
15. Anti-Bribery Management System Policy (SMAP).
Performance Assessment of The Board of Director and Board of Commissioners
Performance Assessment of The Board of Directors
The evaluation of the performance of the Board of Directors both collegial and individual conducted by the Board of Commissioners
and Shareholders was held in the process of the General Meeting of Shareholders (GMS). The assessment was carried out based
on the achievement of key performance indicators (KPI) that had been previously approved by the Shareholders, the Board of
Commissioners and the Board of Directors.
PROCEDURE FOR IMPLEMENTING THE PERFORMANCE ASSESSMENT OF THE BOARD OF DIRECTORS
The performance achievement of the Board of Directors is reported to shareholders through the GMS.
DIRECTORS’ PERFORMANCE EVALUATION CRITERIA
Basis for assessing the performance of the Board of Directors refers to Key Performance Indicators (KPI). The KPIs for each Director
in 2023 are as follows.
KPI FOR PRESIDENT DIRECTOR
No. PERSPECTIVE KPI
1 FINANCIAL
Loan Carry out loan distribution using prudential banking principles (healthy, selective & Prudential)
TPF Achievement of Total TPF
Net Income Achievement of net income
Total Assets Achievement of Total Asset
LDR LDR Ratio
BOPO BOPO Ratio
CASA CASA Ratio
NPL NPL Ratio
FBI Growth Fee Based Income (FBI)
PT Bank Pembangunan Daerah Jawa Timur Tbk
366 Annual Report 2023
Page 369
CORPORATE
GOVERNANCE
No. PERSPECTIVE KPI
2 CUSTOMER Persetujuan Revisi RBB Bank Jatim Tahun 2023
Service Standard Rating The service standard rating position (Best Overall Performance Service Excellent) is at
least 2nd position in Best Overall Performance Service Excellent from MRI for the Regional
Development Banks (BPD) category.
PEFINDO Rating PEFINDO Long Term Rating position on idAA-
Audit Findings Monitoring audit findings (Internal & External) completed on time
Customer Satisfaction Results of Customer Satisfaction Surveys by Independent Parties
Realization of KUB (Bank Business Group) with 1 Regional Development Banks (process to
KUB (Bank Business Group)
FSA)
3 INTERNAL BUSSINESS PROCESS
The minimum level of Bank Health is Composite Rating 2 and the Risk Profile assessment is at
Bank Soundness Level
the risk predicate "Low to Moderate"
Consistency of GCG implementation in accordance with FSA provisions and statutory
GCG
regulations with the predicate "Good" (Rating 2)
Sustainable Finance Action Plan (RAKB) Ensure the implementation of RAKB in accordance with provisions
Financial Statements Ensure that financial reports comply with applicable IFRS & Financial Rules
4 LEARNING AND GROWTH
Employee Competency Attend National Seminars/National Workshops at least 2 times a year
Company Awards Get awards for the company at least 5 times a year
KPI FOR DIRECTOR OF MICRO, RETAIL & MEDIUM
No. PERSPECTIVE KPI
1 FINANCIAL
Loan Carry out loan distribution using prudential banking principles (healthy, selective & Prudential)
TPF Achievement of Total TPF
Net Income Achievement of net income
Total Assets Achievement of Total Asset
LDR LDR Ratio
NPL NPL Ratio
FBI Growth Fee Based Income (FBI)
2 CUSTOMER
Service Standard Rating The service standard rating position (Best Overall Performance Service Excellent) is at
least 2nd position in Best Overall Performance Service Excellent from MRI for the Regional
Development Banks (BPD) category.
PEFINDO Rating PEFINDO Long Term Rating position on idAA-
Audit Findings Monitoring audit findings (Internal & External) completed on time
Customer Satisfaction Results of Customer Satisfaction Surveys by Independent Parties
Realization of KUB (Bank Business Group) with 1 Regional Development Banks (process to
KUB (Bank Business Group)
FSA)
Implementation of Digital Banking Submitting Loan applications via e-Loan
3 INTERNAL BUSSINESS PROCESS
The minimum level of Bank Health is Composite Rating 2 and the Risk Profile assessment is at
Bank Soundness Level
the risk predicate "Low to Moderate"
Consistency of GCG implementation in accordance with FSA provisions and statutory
GCG
regulations with the predicate "Good" (Rat-ing 2)
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 367
Page 370
No. PERSPECTIVE KPI
Sustainable Finance Action Plan (RAKB) Ensure the implementation of RAKB in accordance with provisions
Performance Evaluation of Assisted Branch performance with the Below/Poor predicate is a maximum of 2 branches from the total
Branch Areas target area (Conventional & Sharia) every month.
PL Control Ensure the implementation of Performing Loan control according to the targets set
4 LEARNING AND GROWTH
Ensuring increasing employee competency through policy socialization & implementing policy
Socialization and Policy Process
updates according to the timeline
Employee Competency Attend National Seminars/National Workshops at least 2 times a year
HR Transformation Implementation of Corporate Culture in all work units
KPI FOR DIRECTOR OF OPERATIONS
No. PERSPECTIVE KPI
1 FINANCIAL
Loan Carry out loan distribution using prudential banking principles (healthy, selective & Prudential)
TPF Achievement of Total TPF
Net Income Achievement of net income
Total Assets Achievement of Total Asset
LDR LDR Ratio
BOPO BOPO Ratio
FBI Growth Fee Based Income (FBI)
2 CUSTOMER
Service Standard Rating The service standard rating position (Best Overall Performance Service Excellent) is at
least 2nd position in Best Overall Performance Service Excellent from MRI for the Regional
Development Banks (BPD) category.
PEFINDO Rating PEFINDO Long Term Rating position on idAA-
Audit Findings Monitoring audit findings (Internal & External) completed on time
Customer Satisfaction Results of Customer Satisfaction Surveys by Independent Parties
Realization of KUB (Bank Business Group) with 1 Regional Development Banks (process to
KUB (Bank Business Group)
FSA)
Reporting Responsible for reporting of all business activities
3 INTERNAL BUSSINESS PROCESS
The minimum level of Bank Health is Composite Rating 2 and the Risk Profile assessment is at
Bank Soundness Level
the risk predicate "Low to Moderate"
Consistency of GCG implementation in accordance with FSA provisions and statutory
GCG
regulations with the predicate "Good" (Rat-ing 2)
Sustainable Finance Action Plan (RAKB) Ensure the implementation of RAKB in accordance with provisions
Performance Evaluation of Assisted Branch performance with the Below/Poor predicate is a maximum of 2 branches from the total
Branch Areas target area (Conventional & Sharia) every month.
Supervise in every aspect of operations within the company, both operational aspects and
Operational Supervision
administrative and technology-based implementation in front office and back office settings.
Implementation of IT-Based Operations Optimizing IT-based operations, both e-channel and digital
4 LEARNING AND GROWTH
Ensuring increasing employee competency through policy socialization & implementing policy
Socialization and Policy Process
updates according to the timeline
Employee Competency Attend National Seminars/National Workshops at least 2 times a year
HR Transformation Implementation of Corporate Culture in all work units
PT Bank Pembangunan Daerah Jawa Timur Tbk
368 Annual Report 2023
Page 371
CORPORATE
GOVERNANCE
KPI FOR DIRECTOR IT & DIGITAL
No. PERSPECTIVE KPI
1 FINANCIAL
Loan Melakukan penyaluran kredit dengan prinsip prudential banking (sehat, selektif & Prudential)
TPF Achievement of Total TPF
Net Income Achievement of net income
Total Assets Achievement of Total Asset
BOPO BOPO Ratio
FBI Growth Fee Based Income (FBI)
2 CUSTOMER
Service Standard Rating The service standard rating position (Best Overall Performance Service Excellent) is at
least 2nd position in Best Overall Performance Service Excellent from MRI for the Regional
Development Banks (BPD) category.
PEFINDO Rating PEFINDO Long Term Rating position on idAA-
Audit Findings Monitoring audit findings (Internal & External) completed on time
Customer Satisfaction Results of Customer Satisfaction Surveys by Independent Parties
Realization of KUB (Bank Business Group) with 1 Regional Development Banks (process to
KUB (Bank Business Group)
FSA)
Completion of Banking Digitalization (Online Account Opening, Online Deposits, Finger Print
Digitalisasi
Login, Super Micro Online Loans, etc.)
ETPD Implementation of the ETPD system in Regency and City Governments
Pengguna J-Connect Increase the number of J-Connect users
3 INTERNAL BUSSINESS PROCESS
The minimum level of Bank Health is Composite Rating 2 and the Risk Profile assessment is at
Bank Soundness Level
the risk predicate "Low to Moderate"
Consistency of GCG implementation in accordance with FSA provisions and statutory
GCG
regulations with the predicate "Good" (Rat-ing 2)
Sustainable Finance Action Plan (RAKB) Ensure the implementation of RAKB in accordance with provisions
Performance Evaluation of Assisted Branch performance with the Below/Poor predicate is a maximum of 2 branches from the total
Branch Areas target area (Conventional & Sharia) every month.
Ensuring the implementation of data communication networks, data security, hardware and
IT Security dan Operasional IT
software management and control, utilization of IT infrastructure
Plan and implement future IT programs to develop bank operations and business to remain
IT Development
competitive
4 LEARNING AND GROWTH
Ensuring increasing employee competency through policy socialization & implementing policy
Socialization and Policy Process
updates according to the timeline
Employee Competency Attend National Seminars/National Workshops at least 2 times a year
HR Transformation Implementation of Corporate Culture in all work units
KPI FOR DIRECTOR OF RISK MANAGEMENT
No. PERSPECTIVE KPI
1 FINANCIAL
Loan Carry out credit distribution using prudential banking principles (healthy, selective &
Prudential)
TPF Achievement of Total TPF
Net Income Achievement of net income
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 369
Page 372
No. PERSPECTIVE KPI
Total Assets Achievement of Total Asset
LDR LDR Ratio
BOPO BOPO Ratio
NPL NPL Ratio
Perbaikan Kolek 345 Decrease in collectability 345 YoY
FBI Growth Fee Based Income (FBI)
Extracomtable Obtain extracom
Restrukturisasi Restructuring (3,4,5)
2 CUSTOMER
Service Standard Rating The service standard rating position (Best Overall Performance Service Excellent) is at
least 2nd position in Best Overall Performance Service Excellent from MRI for the Regional
Development Banks (BPD) category.
PEFINDO Rating PEFINDO Long Term Rating position on idAA-
Audit Findings Monitoring audit findings (Internal & External) completed on time
Customer Satisfaction Results of Customer Satisfaction Surveys by Independent Parties
KUB (Bank Business Group) Realization of KUB (Bank Business Group) with 1 Regional Development Banks (process to FSA)
Coordination between Directorates Coordinating with other Directorates to optimize bank business activities
3 INTERNAL BUSSINESS PROCESS
The minimum level of Bank Health is Composite Rating 2 and the Risk Profile assessment is at
Bank Soundness Level
the risk predicate "Low to Moderate"
Consistency of GCG implementation in accordance with FSA provisions and statutory
GCG
regulations with the predicate "Good" (Rat-ing 2)
Sustainable Finance Action Plan (RAKB) Ensure the implementation of RAKB in accordance with provisions
Performance Evaluation of Assisted Branch performance with the Below/Poor predicate is a maximum of 2 branches from the total
Branch Areas target area (Conventional & Sharia) every month.
Controlling loan quality, both extracomtable and intracomtable, optimizing recovery results
Controling
both through restructuring and credit settlement
Risk Identification Identify financial risks, mitigate security and company safety
Policy Ensure policies related to risk management
4 LEARNING AND GROWTH
Ensuring increasing employee competency through policy socialization & implementing policy
Socialization and Policy Process
updates according to the timeline
Employee Competency Attend National Seminars/National Workshops at least 2 times a year
HR Transformation Implementation of Corporate Culture in all work units
KPI FOR DIRECTOR OF COMPLIANCE
No. PERSPECTIVE KPI
1 FINANCIAL
Loan Carry out loan distribution using prudential banking principles (healthy, selective & Prudential)
TPF Achievement of Total TPF
Net Income Achievement of net income
Total Assets Achievement of Total Asset
BOPO BOPO Ratio
FBI Growth Fee Based Income (FBI)
PT Bank Pembangunan Daerah Jawa Timur Tbk
370 Annual Report 2023
Page 373
CORPORATE
GOVERNANCE
No. PERSPECTIVE KPI
2 CUSTOMER
Service Standard Rating The service standard rating position (Best Overall Performance Service Excellent) is at
least 2nd position in Best Overall Performance Service Excellent from MRI for the Regional
Development Banks (BPD) category.
PEFINDO Rating PEFINDO Long Term Rating position on idAA-
Audit Findings Monitoring audit findings (Internal & External) completed on time
Customer Satisfaction Results of Customer Satisfaction Surveys by Independent Parties
Realization of KUB (Bank Business Group) with 1 Regional Development Banks (process to
KUB (Bank Business Group)
FSA)
Accuracy of reporting STR and CTR reporting in accordance with regulations
Increase the percentage of case resolution
Legal
Monitoring legal opinion activities and power of attorney
Updating Customer Data Updating customer data
3 INTERNAL BUSSINESS PROCESS
The minimum level of Bank Health is Composite Rating 2 and the Risk Profile assessment is at
Bank Soundness Level
the risk predicate "Low to Moderate"
Consistency of GCG implementation in accordance with FSA provisions and statutory
GCG
regulations with the predicate "Good" (Rat-ing 2)
Sustainable Finance Action Plan (RAKB) Ensure the implementation of RAKB in accordance with provisions
Performance Evaluation of Assisted Branch performance with the Below/Poor predicate is a maximum of 2 branches from the total
Branch Areas target area (Conventional & Sharia) every month.
Policies and Procedures Ensure systems, policies and procedures comply with internal and external regulations
4 LEARNING AND GROWTH
Ensuring increasing employee competency through policy socialization & implementing policy
Socialization and Policy Process
updates according to the timeline
Employee Competency Attend National Seminars/National Workshops at least 2 times a year
HR Transformation Implementation of Corporate Culture in all work units
KPI FOR DIRECTOR OF FINANCE, TREASURY & GLOBAL
SERVICES
No. PERSPECTIVE KPI
1 FINANCIAL
Loan Carry out loan distribution using prudential banking principles (healthy, selective & Prudential)
TPF Achievement of Total TPF
Net Income Achievement of net income
Total Assets Achievement of Total Asset
LDR LDR Ratio
BOPO BOPO Ratio
CASA CASA Ratio
NPL NPL Ratio
FBI Growth Fee Based Income (FBI)
International Banking Income Trade Finance Income
Treasury Income Obtain income from Treasury Transactions
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 371
Page 374
No. PERSPECTIVE KPI
2 CUSTOMER
Service Standard Rating The service standard rating position (Best Overall Performance Service Excellent) is at
least 2nd position in Best Overall Performance Service Excellent from MRI for the Regional
Development Banks (BPD) category.
PEFINDO Rating PEFINDO Long Term Rating position on idAA-
Audit Findings Monitoring audit findings (Internal & External) completed on time
Customer Satisfaction Results of Customer Satisfaction Surveys by Independent Parties
Realization of KUB (Bank Business Group) with 1 Regional Development Banks (process to
KUB (Bank Business Group)
FSA)
Institutional Collaboration Maintain good relations and increase cooperation with counterparties
3 INTERNAL BUSSINESS PROCESS
The minimum level of Bank Health is Composite Rating 2 and the Risk Profile assessment is at
Bank Soundness Level
the risk predicate "Low to Moderate"
Consistency of GCG implementation in accordance with FSA provisions and statutory
GCG
regulations with the predicate "Good" (Rat-ing 2)
Sustainable Finance Action Plan (RAKB) Ensure the implementation of RAKB in accordance with provisions
Performance Evaluation of Assisted Branch performance with the Below/Poor predicate is a maximum of 2 branches from the total
Branch Areas target area (Conventional & Sharia) every month.
Financial Statements Ensure that financial reports comply with applicable IFRS & Financial Rules
4 LEARNING AND GROWTH
Ensuring increasing employee competency through policy socialization & implementing policy
Socialization and Policy Process
updates according to the timeline
Employee Competency Attend National Seminars/National Workshops at least 2 times a year
HR Transformation Implementation of Corporate Culture in all work units
PT Bank Pembangunan Daerah Jawa Timur Tbk
372 Annual Report 2023
Page 375
CORPORATE
GOVERNANCE
PARTIES THAT DO THE ASSESSMENT KRITERIA EVALUASI KINERJA DEWAN KOMISARIS
The performance evaluation of the Board of Directors was The criteria to be used in assessing the performance of the
carried out by the Board of Commissioners and the GMS. Board of Commissioners include:
1. Passive Oversight of the Board of Commissioners,
RESULTS OF THE BOARD OF DIRECTOR PERFORMANCE including:
ASSESSMENT a. Implementation of review and response to the Bank’s
Business Plan (RBB).
The implementation of the duties and responsibilities of the b. Implementation of a follow-up review of the results/
Board of Commissioners and Directors as well as performance findings of the audit (Internal/External).
achievements in the 2023 period will be presented and c. Implementation of the Results of the Governance Self
accounted for at the GMS which will be held in 2024. Assessment.
d. Implementation of a review of the Risk Profile Report,
Performance Assessment of The Board of Review of the Compliance Function Report, Result of
Commissioners Review of Bank Soundness Level Report.
e. Implementation of a review of the Board of Directors’
PROCEDURES FOR THE IMPLEMENTATION OF THE policies (credit policy, capital, risk management
PERFORMANCE OF THE BOARD OF COMMISSIONERS strategy, remuneration, and others)
2. Active Supervision of the Board of Commissioners,
Assessment of the performance of the Board of Commissioners including:
was carried out through the following procedures or a. Number of meetings.
mechanisms: b. Implementation of a review of the Bank’s business and
1. Performance Assessment of the Board of Commissioners financial performance reports (regular monitoring of
by the GMS. the Bank’s performance).
The Board of Commissioners’ Performance Assessment c. Participate in branch and work unit performance
was carried out by the Shareholders at the Annual General evaluation activities.
Meeting of Shareholders (GMS) when submitting the d. Visits to branches in order to carry out the supervisory
Report on the Board of Commissioners’ supervisory duties function.
to the GMS in the Company’s annual report. 3. Supervision of the Company’s Performance
2. Assessment of the performance of the Board of a. Rentability
Commissioners through the preparation of a Self b. Liquidity
Assessment c. Credit
Assessment of the performance of the Board of 4. Learning and Growth
Commissioners of Bank Jatim was carried out by means of
a self-assessment which is determined by considering the PARTIES THAT DO THE ASSESSMENT
duties and obligations in accordance with the Company’s
Articles of Association and applicable laws and regulations. The Board of Commissioners’ performance assessment process
is carried out every semester and discussed in the Board of
The policies and procedures for implementing the performance Commissioners’ Internal Meeting by observing the achievement
appraisal of the Board of Commissioners of Bank Jatim were of each of the assessment indicators.
determined and agreed upon by the Board of Commissioners at
the Board of Commissioners’ meeting. The policy for assessing In addition, the Board of Commissioners is also responsible
the performance of the Board of Commissioners was stipulated for its performance to Shareholders in the GMS based on the
in Decree Number 059/009/ DK/KEP dated December 22, obligations stated in the prevailing laws and regulations. The
2020 concerning Amendment to the Decree of the Board of Board of Commissioners will be held accountable for their
Commissioners Number 059/005/ DK/KEP dated April 29, performance in the 2023 period in the Annual GMS to be held
2020 concerning Work Paper on the Performance Assessment in 2024.
of the Board of Commissioners of PT Bank Pembangunan East
Java Region Tbk.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 373
Page 376
RESULTS OF THE BOARD OF COMMISSIONER PERFORMANCE ASSESSMENT
Performance Assessment of The Board of Commissioners Working Paper (Self Assessment)
Bobot Final
No Perspective Aspect Indicator Target Realization Value
(%) score
1 Complience Passive a Ratification of RBB 5 RBB is ratified RBB is ratified in 1 5,0
Perspective supervi-sion and/or revision of RBB before November accordance with the
(Mandatory) on time 30 and Revision of provisions.
RBB is ratified by
Board of Commis-
sioners before June
30 every year.
b Preparation of 5 Carried out every The preparation 1 5,0
Supervisory Re-ports semester (no later of Supervisory
on Bank Business Plan than two months Re-ports on Bank
(RBB) after the semester Business Plan (RBB)
ends) is carried out in
accordance with the
provision and is on
time accord-ing to
targets.
c Implementation of 4 Implemented Review of internal 1 4,0
Review of Internal according to the Audit Results Re-
Audit Results Re-port provisions and on ports and follow-up
and follow-up to the time according on external audit
external audit results. to targets (every results are carried
semester) out in accordance
with provisions.
d Implementation of 4 Implemented The Governance 1 4,0
the Governance Self- according to the Self Assessment
Assessment provisions and on is carried out in
time according accordance with the
to targets (every provisions.
semester)
e Carrying out 5 Dilaksanakan sesuai Review Laporan 1 5,0
reviews of Risk Profil ketentuan dan tepat Profil Risiko, Fungsi
Reports, Compliance waktu sesuai target. Kepatuhan serta
Functions, and Bank (setiap semester). Tingkat Kesehatan
Soundness Levels Bank dilaksanakan
sesuai ketentuan
f Review and 5 Implemented The implementation 1 5,0
approval of Board no later than 15 of the review of
of Directors policies (fifteen) working Board of Directors
that require approval days from receipt policies is carried
from the Board of by the Board of out in accordance
Commissioners Commissioners. with targets.
(Corporate Actions,
Credit Policy, Capital,
Risk, Management
Strategy,
Renumeration, Etc.)
g Appointment fo a 5 Recommendations Recommendations 1 5,0
Public Accounting for KAPS who will for appointing
Firm for the Bank’s carry out audits KAPS to be carried
Financial Reports of the Bank’s out in accordance
finan-cial reports with rules and
in accordance with regulations.
the rules and regu-
lations.
PT Bank Pembangunan Daerah Jawa Timur Tbk
374 Annual Report 2023
Page 377
CORPORATE
GOVERNANCE
Performance Assessment of The Board of Commissioners Working Paper (Self Assessment)
Bobot Final
No Perspective Aspect Indicator Target Realization Value
(%) score
h Review the 5 Provide recom The renumeration 1 5,0
renumeration mendations structure for the
structure for the Board re garding the Board of Commis-
of Commissioners and re numeration sioners and Board of
Board of Directors. structure for Directors is reviewed
the Board of periodically in
Commissioners and accordance with the
Board of Directors provi-sions.
in accord-ance
with the provisions
(at least every
semester)
i Implementation of the 5 Availability of Bank Has been fulfilled, 1 5,0
Bank’s Nomina-tion Nomination policy the policy regarding
Policy in accordance with Bank Nomina-tions is
the provisions. available.
SUB TOTAL 43 43,0
2 Internal Active a Ratification of the 5 The RKAP of Rencana Kerja dan 1 5,0
Procces Supervision Work Plan and Budget the Board of Anggaran Dewan
Perspective of Board of of the Board of Commis-sioners is Komisaris disahkan
Commis- Commissioners. ratified before the tepat waktu sesuai
sioners imple-mentation of ketentuan
the RKAP for the
cur-rent year takes
effect (No later than
December 31)
b Number of Meetings 8 Internal Board of The internal meet- 1 8,0
Commissioners ing of the Board of
meetings are held at Commissioners in
least 12 times a year the first Semester of
(6 meetings every 2023 was car-ried
semester) out according to
target
8 Meetings between Meetings of the 1 8,0
the Board of Di- Board of Commis-
rectors are held at sioners and Board
least 6 times a year of Directors in first
(3 meetings every semester of 2023
semester) were held 9 (nine)
times.
c Implementation 10 Carried out at The review of the 1 10,0
of reviews of Bank every meeting Bank’s business
Business and Financial of the Board of and financial
performance reports Commissioners and performance
(regular monitoring of Board of reports in the first
bank performance) Directors according semester of 2023
to targets, namely was carried out at
once every 2 6 (six) meetings
months (6 times a between Board of
year, 3 times per a Commissioners and
semester) Board of Directors.
Participate in branch/ 6 Participate in Implementation 1 6,0
work unit performance performance eval- of branch/work
eval-uation activities uation activities of unit performance
and visit branches branches/work units evaluation activities.
in order to carry or visit branches at Implementation of
out supervision and least 3 times a year. visits to branches to
coaching functions. carry out supervisory
and coaching
functions were
carried out 5 (five)
times.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 375
Page 378
Performance Assessment of The Board of Commissioners Working Paper (Self Assessment)
Bobot Final
No Perspective Aspect Indicator Target Realization Value
(%) score
SUB TOTAL 37 37,00
3 Financial Financial BALANCE SHEET TARGET REALIZATION
Perspective Performance POST
of the Bank
(as of June a Profitability (%)
2023) - Net profit 2,5 1.648.909 1.470.105 89,16 2,23
- Return on Asset 2,5 2,19% 1,87% 85,39 2,13
(ROA)
b Liquidity -
- Third Party Funds 2,5 90.406.640 78.196.910 86,49 2,16
(DPK)
- LDR 2,5 60,55% 70,03% 115,66 2,89
c Credit -
- Credit Expan-sion 2,5 54.738.950 54.760.902,00 100,04 2,50
- NPL 2,5 2,50% 2,49% 100,40 2,51
SUB TOTAL 15 14,43
4. Learning & Competency Competency 5 Minimum 3 times The implementa- 1 5
Growth Development introduction/ a year tion of the Board
Perspective of Board of development of Commissioners
Com-mis- programs (Workshop, Workshop/ seminar
sioners semi-nars, in the first semester
conferences, etc.) / 2023 was carried
out according to the
target
SUB TOTAL 5 5,00
TOTAL 100 99,43
Performance Assessment of The Committee Under The Board of Commissioners and The Basis of
The Assessment
In order to increase the role of the Board of Commissioners in carrying out the supervisory function, the Board of Commissioners
is assisted by 3 (three) committees namely the Audit Committee, the Remuneration and Nomination Committee, and the Risk
Monitoring Committee. The procedure for evaluating the performance of the Committees under the Board of Commissioners
periodically (annually) evaluated the effectiveness of the performance of the Committees under the Board of Commissioners.
The evaluation criteria for the Committees under the Board of Commissioners were based on the Key Performance Indicators
that had been set for each Committee under the Board of Commissioners. KPI Committees under the Board of Commissioners
consist of 3 (three) aspects, namely Active Supervision, Passive Supervision and Competency Development. The Board of
Commissioners considers that during 2023 the Committees have carried out their duties and responsibilities quite effectively and
worked independently and provided useful input/ recommendations for the Board of Commissioners. The achievements of each KPI
Committee were as follows.
Achievements of Key Performance Indicator Audit Committee
The procedure for implementing the performance appraisal of the Audit Committee is determined and agreed upon with the Board
of Commissioners in a meeting of the Board of Commissioners with the Committee. The performance assessment of the Audit
Committee is carried out by means of a self-assessment which is determined by considering its duties and obligations in accordance
with the rules and work programs that have been determined.
PT Bank Pembangunan Daerah Jawa Timur Tbk
376 Annual Report 2023
Page 379
CORPORATE
GOVERNANCE
Value Final
No Aspect Indicator Target Realization Score
(%) score
1 Passive Evaluation of Annual Executed accordingly Implementation of Evaluation 1 5 5
Surveillance Historical General Financial terms and conditions of Annual Historical General
Audit Results from KAP time on target. Audit Results from KAP
(Public Accounting Firm) (at least 1x in (Public accounting firm)
a year). according to criteria
Evaluation of Follow-up Carried out every Evaluation/Monitoring 1 7,5 7,5
to General Audit Findings quarterly (4x in Follow-up to General Audit
from Internal Parties a year) Findings from Internal Parties
in accordance with provisions
and on time
Special Audit & Fraud Executed accordingly The Special Audit & Fraud 1 7,5 7,5
Follow-up Evaluation from provisions and on time Follow-up Evaluation from the
the Internal Audit Division according to target. (at Internal Audit Division was
least once a year). carried out in accordance with
the specified provisions and
targets
Evaluation of the Audit Executed accordingly Executed accordingly 1 5 5
Plan from the Internal provisions and on time provisions and on time
Audit Division for Approval according to target. (at according to target.
of the Implementation of least once a year).
the Audit Plan
Reviewing projected Carried out every Do research on information 1 7,5 7,5
financial information and quarterly (4x in projections finances and
other reports related to a year) reports others related to
financial information financial information carried
out in accordance with the
provisions according to
criteria
Providing Executed accordingly Provide recommendations to 1 10 10
recommendations to the terms and conditions the Board of Commissioners
Board of Commissioners time on target. regarding appointment Based
regarding the appointment (at least 1x in accountant on independence,
of a Public Accounting a year). space scope of assignment,
Firm (KAP) based and compensation for services
on independence,
is carried out according to
scope, assignment and
criteria
compensation for services
Monitoring the Held every semester Monitoring the 1 5 5
implementation of the Anti (2x a year) implementation of the
Fraud Strategy (SAF) and Anti-Fraud Strategy (SAF)
Gratification Control and Gratification Control in
accordance with the targets
set
Review and provide Implemented Monitoring and evaluation 1 5 5
advice to the Board of according to of the implementation of the
Commissioners regarding regulations and on duties of the Internal Audit
potential conflicts of time according to Work Unit (SKAI) is carried out
interest targets. in accordance with provisions
(at least 1x in
a year).
Make an annual report Implemented The Audit Committee makes 1 5 5
on the implementation of according to an annual report on the
Audit Committee activities regulations and on implementation of the Audit
in the Annual Report time according to Committee’s activities in the
targets. Annual Report in accordance
(at least 1x in with the provisions
a year).
SUB TOTAL 57,50 57,50
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 377
Page 380
Value Final
No Aspect Indicator Target Realization Score
(%) score
2 Active Audit Committee Meeting Held every quarter (4x Audit Committee Meetings 1 15 15
Surveillance a year ) will be held 8 times during
2023
Coordination Meeting with Held every semester Audit Committee 1 10 10
Related Divisions (2x a year) Coordination Meetings with
Related Divisions during 2023
were held 6 times
Visits and communicate Held every semester Carrying out visits to Branch 1 10 10
directly with employees, (2x a year) Offices in order to carry out
including the Board of supervisory functions in 2023
Directors, SKAI, SKMR, and 5 times, carrying out visits and
Accountants regarding the communicating with the Board
duties and responsibilities of Directors and Divisions
of the Audit Committee regarding the duties and
responsibilities of the Audit
Committee to run effectively.
SUB TOTAL 35 35
3 Competency Self competency Implemented S e l f - c o m p e t e n c y 0,5 2,5 1,25
Development development by updating according to the development by updating
the understanding of provisions and on the audit committee’s
external and internal time according to the understanding of external and
target. (3x a year) internal regulations in 2023
has not been implemented
optimally.
Competency improvement Implemented Implementation of Audit 1 2,5 2,5
programs, attending according to the Committee workshops/
education, training provisions and on seminars/training/certification
and seminars and or time according to the in 2023 will be held twice
certification target. (2x a year)
SUB TOTAL 7,50 2,50
TOTAL 100 95,00
Total Rating Description
Value 80 – 100 Very good
Value 70 - < 80 Good
Value 55 - < 70 Pretty good
Value < 55 Poor
Achievements of Key Performance Indicator Remuneration and Nomination Committee
The procedure for implementing the performance appraisal of the Remuneration and Nomination Committee is determined and agreed
upon with the Board of Commissioners in the Board of Commissioners’ Meeting with the Committee. The performance appraisal of the
Remuneration and Nomination Committee is carried out by means of a self-assessment which is determined by considering its duties and
obligations in accordance with the rules and work programs that have been determined.
PT Bank Pembangunan Daerah Jawa Timur Tbk
378 Annual Report 2023
Page 381
CORPORATE
GOVERNANCE
Value Final
No Aspect Indicator Target Realization Score
(%) score
1 Passive Prepare the composition and Prepare Time Table and carry out Implemented 1 10 10
Surveillance process of Nomination for the nomination process for Bank according to the
Bank Management (Board of Management according to the set target
Commissioners and Directors) time needed
Develop policies and criteria Formulate policies and criteria Implemented 1 10 10
needed in the nomination process for nomination of candidates for according to the
for prospective Bank Management Bank Management according to set target
(Board of Commissioners and the stipulated time
Directors)
Assist in the evaluation of the Carry out performance Implemented 1 10 10
performance of the Company’s evaluations of the Company’s according to the
Management Management at least 2 times a set target
year (every semester)
Reviewing and proposing Carry out a review and provide Implemented 1 10 10
candidates who meet the proposals for candidates for according to the
requirements as members of the Company’s Management set target
the Board of Directors and/ who meet the requirements to
or members of the Board of the Board of Commissioners
Commissioners to the Board of according to the time table set
Commissioners to be submitted to
the GMS
Develop structure and policies Conducted at least 1 (one) time Implemented 1 10 10
on the Company’s Management a year according to the
Remuneration (Board of set target
Commissioners and Directors)
Prepare the amount of Conducted at least 1 (one) time Implemented 1 10 10
Remuneration for members a year according to the
of the Board of Directors and/ set target
or members of the Board of
Commissioners
Sub Total 60 60
2 Active Meeting of The Nomination and Minimum 4 times in 1 (one) year Implemented 1 20 20
Surveillance Remuneration Committee according to the
set target
Coordination Meeting with related As needed (at least 2 times a Implemented 1 10 10
parties year) according to the
set target
Preparation and timely submission Submit reports on time in Implemented 1 10 10
of Committee reports accordance with the provisions according to the
set target
Sub Total 40 40
Total 100 100
Total Rating Description
Value 80 – 100 Very good
Value 70 - < 80 Good
Value 55 - < 70 Pretty good
Value < 55 Poor
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 379
Page 382
Achievements of Key Performance Indicator Risk Monitoring Committee
The procedure for implementing the performance appraisal of the Risk Monitoring Committee was determined and agreed upon
with the Board of Commissioners in the Board of Commissioners’ Meeting with the Committee. The performance assessment of
the Risk Monitoring Committee was carried out by means of a determined self-assessment considering its duties and obligations in
accordance with the rules and work programs that had been determined.
Value Final
No Aspect Indicator Target Realization Score (%) score
1 Passive Monitoring and evaluation Held every quarter Monitoring and evaluation of 0,5 5 2,5
Surveillance of the Bank's Risk Profile (4x a year ) the Bank's Risk Profile quarterly
quarterly position position in accordance with the
provisions
Quarterly Monitoring and Held every quarter Quarterly Monitoring and 0,5 5 2,5
Evaluation of Bank Soundness (4x a year ) Evaluation of Bank Soundness
Level achievements, (Self Level achievements, (Self
Assessment) Governance, Assessment) Governance,
Monev, Risk Profile, Monitoring and Evaluation of
Profitability in RBB Financial Risk Profile, Profitability in RBB
Reports & Capital Resilience Financial Reports & Capital
Resilience was only carried out
twice this year
Evaluation of conformity Held every Evaluation of the suitability of risk 1 5 5
between the Risk semester (2x a year) management policies with the
Management Policy (KMR) and implementation of Bank policies
the implementation of Bank carried out in accordance with the
policies provisions
Monitoring and evaluating the Held every Monitoring and evaluating the 0,5 5 2,5
implementation of the duties semester (2x a year) implementation of the duties of
of the Risk Management the Risk Management Work Unit
Work Unit (SKMR) and the (SKMR) and the Risk Management
Risk Management Committee Committee (Komenko) carried out
(Komenko) in accordance with the provisions
Monitor & evaluate the Held every Monitor & evaluate the adequacy 1 5 5
adequacy of the process of semester (2x a year) of the process of identification,
identification, measurement, measurement, monitoring and
monitoring and control of Risk control of Risk Management
Management carried out in accordance with the
provisions
Monitoring and evaluating Implemented Monitoring and evaluating 1 5 5
contingency plans in Business according to the contingency plans in Business
Continuity Management provisions and on Continuity Management System
System (BCMS) time according to (BCMS) carried out in accordance
the target. (at least with the provisions
once a year)
Monitoring and evaluating Held every Monitoring and evaluating the 1 5 5
the implementation of the semester (2x a year) implementation of the principles
principles of Good Corporate of Good Corporate Governance
Governance (GCG) (GCG) carried out in accordance
with the provisions
Monitoring of large exposure Held every Monitoring of large exposure 1 5 1
debtors above IDR100 billion semester (2x a year) debtors above IDR100 billion was
only carried out once this year
Opinions on credit or Held every Opinions on credit or financing 1 5 5
financing applications for the semester (2x a year) applications for the large exposure
large exposure category, and category, and approval of credit or
approval of credit or financing financing applications from Related
applications from Related Parties carried out in accordance
Parties with the provisions
PT Bank Pembangunan Daerah Jawa Timur Tbk
380 Annual Report 2023
Page 383
CORPORATE
GOVERNANCE
Value Final
No Aspect Indicator Target Realization Score (%) score
Supervise the compliance Held every semester Supervision of the compliance 1 5 5
function and review reports (2x a year function as well as reviewing
on the implementation of the reports on the implementation
Compliance function and the of the Compliance function and
implementation of the duties the implementation of the duties
of the Compliance Director of the Compliance Director are
carried out in accordance with
provisions
Evaluate, direct and monitor Implemented Evaluating, directing and 1 2,5 2,5
the Information Technology according to monitoring the Information
Strategic Plan and Bank regulations and on Technology Strategic Plan and
policies regarding the use of time according to Bank policies regarding the use of
Information Technology targets. (at least Information Technology are carried
once a year). out in accordance with provisions
Review Corplan, RSTI and RBB Implemented Review Corplan, RSTI and RBB 1 2,5 2,5
before being approved by the according to the before being approved by the
Board of Commissioners provisions and on Board of Commissioners carried
time according to out in accordance with the
the target. (at least provisions
once a year)
Company Manual Review Implemented Company Manual Review includes: 1 2,5 2,5
includes: according to the • KPA & SOP for Capital
• KPA & SOP for Capital provisions and on Participation are implemented in
Inclusion time according to accordance with provisions
the target. (at least
once a year)
Review and Update of the Implemented Review and Update of the 1 2,5 2,5
Company Handbook includes: according to the Company Handbook includes:
• Product and Activity Policy provisions and on • Product and Activity Policy (KPA)
Financing (KPA) Credit or time according to Credit or Financing (PAP) financing
Financing (PAP). the target. (at least is carried out in accordance with
once a year) the provisions
Sub Total 60 52,50
2 Active Risk Monitoring Committee Held every quarter The implementation of the Risk 1 15 15
Surveillance Meeting (4x a year ) Monitoring Committee Meeting
during 2023 was held 8 times
Coordination meeting with Held every The implementation of the Risk 1 10 10
divisions related to the Bank's semester (2x a year) Monitoring Committee Meeting
strategic issues during 2023 was held 7 times
Visits to work units and office Held every Execution of Visitsto branch 1 10 10
networks in the context of: semester (2x a year) offices in order to carry out the
• Monitoring the supervisory function in 2023
implementation of risk carried out 6 (six) times and
management in the Bank’s make visits and communicate
activities and products; with the Board of Directors and
• Monitoring the Divisions related to the duties
implementation of and responsibilities of the Risk
Governance principles Monitoring Committee
Sub Total 35 35
3 Competency Self competency Implemented Self competency development by 1 2,5 2,5
Development development by updating the according to the updating the understanding of
understanding of external and provisions and on external and internal regulations of
internal regulations time according to the Risk Monitoring Committee in
the target. (2x a 2023 implemented optimally
year)
Competency improvement Implemented The implementation of the W o 1 2,5 2,5
programs, attending according to the rkshop/seminar/Risk
education, training and provisions and on Monitoring Committee in 2023
seminars and or certification time according to was held 3 times
the target. (2x a
year)
Sub Total 5,00 5,00
Total 100 92,50
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 381
Page 384
Total Rating Description
Value 80 – 100 Very good
Value 70 - < 80 Good
Value 55 - < 70 Pretty good
Value < 55 Poor
Mechanism of Termination and Withdrawal of The Board of Commissioners
The mechanism for dismissal and resignation of the Board of Commissioners based on the Articles of Association are as follows:
1. Members of the Board of Commissioners are appointed and terminated by the GMS.
a. Member of the Board of Commissioners may submit a request to resign from his/her position by notifying in writing of this
purpose to the Controlling Shareholders of the Company.
b. The company is obliged to hold a GMS to decide on the resignation application as referred to in letter a, no later than 90
(ninety) days after the resignation letter is received.
c. Before the resignation becomes effective, the relevant members of the Board of Commissioners are still obliged to complete
their duties and responsibilities in accordance with the articles of association and laws and regulations.
2. The position of a member of the Board of Commissioners ends if:
a. Lossing Indonesian Citizenship.
b. Resignation with due observance of the provisions of paragraph (11) of Article 11 of the Articles of Association
c. No longer meets statutory requirements.
d. Passed away.
e. The term of office has ended.
f. Was dismissed based on the resolution of the GMS.
g. Was declared bankrupt or placed under pardon based on a court decision.
Sharia Supervisory Board
The Sharia Supervisory Board (DPS) has the duty and authority 7. Submit the results of sharia supervision at least every 6 (six)
to provide advice and advice to the Board of Directors, oversee months to the Board of Directors, Board of Commissioners,
the sharia aspects of the operational activities of the Sharia National Sharia Board - Indonesian Ulama Council and the
Business Unit (UUS) at the National Sharia Council - Indonesian Financial Services Authority Keuangan.
Ulema Council.
Term of Office of The Sharia Supervisory Board
Duties and Responsibilities of The Sharia
Supervisory Board Members of the Sharia Supervisory Board were appointed for
a period of 4 (four) years and can be reappointed for a second
The duties and responsibilities of the Sharia Supervisory Board term, after paying attention to laws and regulations and the
as stipulated in the articles of association include, among provisions of the National Sharia Council - Indonesian Ulama
others: Council.
1. Assess and ensure compliance with sharia principles in
operational guidelines and products issued by UUS. Requirements For Sharia Supervisory Board
2. Monitor the process of developing UUS new products from Members
the start until the product is released.
3. Provide sharia opinions on new products and/or Members of the Sharia Supervisory Board must have the
restructured financing. following requirements:
4. Request a fatwa from the National Sharia Council for UUS 1. Integrity, which at least includes:
new products for which there is no fatwa. a. Have good character and morals.
5. Conduct periodic reviews on compliance with sharia b. Have a commitment to comply with sharia banking
principles on the mechanism for raising funds and regulations and other laws and regulations.
channeling funds as well as Bank services c. Have a commitment to the development of sound and
6. Request data and information related to sharia aspects sustainable Islamic banking.
from UUS work units in the context of carrying out their
duties.
PT Bank Pembangunan Daerah Jawa Timur Tbk
382 Annual Report 2023
Page 385
CORPORATE
GOVERNANCE
d. Not included in the Fit and Proper List (Disqualified List) as stipulated in the provisions concerning the fit and proper test
stipulated by Bank Indonesia or the Financial Services Authority.
2. Competence, who at least have knowledge and experience in the field of sharia mu’amalah and knowledge in banking and/ or
finance in general.
3. Financial reputation, which at least includes:
a. Not on the bad credit list.
b. Have never been declared bankrupt or have been a shareholder, member of the Board of Commissioners, or member of the
Board of Directors of a company and/ or member of the management of a business entity found guilty of causing a company
and/or business entity to be declared bankrupt, within the last 5 (five) years prior to nominated.dicalonkan.
Guidelines and Working Procedures of the Sharia Supervisory Board
The Guidelines and Rules of the Sharia Supervisory Board are currently in the process of being ratified. However, in carrying out its
duties the Sharia Supervisory Board refers to the Company’s Articles of Association which regulates the requirements for the Sharia
Supervisory Board, duties and responsibilities, and term of office.
Composition and Basis of Appointment of The Sharia Supervisory Board
Members of the Sharia Supervisory Board consist of at least 2 (two) person and a maximum of 3 (three) person, one of whom is the
Chairman. Members of the Sharia Supervisory Board are appointed by the GMS or on the recommendation of the National Sharia
Council - Indonesian Ulema Council in accordance with applicable laws and regulations, without prejudice to the rights of the GMS
to dismiss members of the Sharia Supervisory Board at any time in accordance with laws and regulations.
Name Position Executor Basis of Appointment Effective Date
Dr. KH. Afifuddin Muhajir, M.Ag Chairman OJK GMS for Fiscal Year 2018 on April 26, 2019 February 28, 2020
Dr. H. M. Saad Ibrahim, MA Member OJK GMS for Fiscal Year 2018 on April 26, 2019 February 28, 2020
Composition and Basis of Appointment of the Sharia Supervisory Board After The Annual GMS for Financial
Year 2022
Name Position Executor Basis of Appointment Effective Date
Dr. KH. Afifuddin Muhajir, M.Ag Chairman OJK - Annual GMS for Fiscal Year 2018 on April 26, February 28, 2020
2019 (first)
- Annual GMS for Fiscal Year 2022 on April 12,
2023 (second)
Dr. dr. Sukadiono, MM Member OJK Annual GMS for Fiscal Year 2022 on April 12, Waiting for the MUI DSN
2023 Recommendation Letter and OJK
Fit and Proper Test Approval
Training and/or Enhancement of The Competency of The Board of Sharia Supervisory Board Members
Types of Training and Competency Implementation Time and
Name Position Organizer
Development/ Training Materials Place
Dr. KH. Afifuddin Muhajir, M.Ag Chairman - - -
Dr. H. M. Saad Ibrahim, MA* Member - - -
Dr. dr. Sukadiono, MM** Member Basic Training of Muamalah Maliyah and June 20, 2023 – July 10, DSN MUI
Fatwa 2023, Zoom Meeting Institute
Basic Training for Sharia Supervisors September 21, 2023 DSN MUI
– October 10, 2023, Zoom Institute
Meeting
*Resigned from office since April 12, 2023
** Waiting for the MUI DSN Recommendation Letter and OJK Fit and Proper Test Approval
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 383
Page 386
Orientation Program for New Sharia Supervisory Board
The Orientation Program is very important to be implemented for DPS who are taking office for the first time. Provisions regarding
the mandatory Orientation program regarding the Company’s activities. The orientation program that is given can be in the form
of participantss, meetings or visits to the Company’s facilities, introductions to Division Leaders, Groups and employees of the
Company and other programs..
Concurrent Position of Sharia Supervisory Board
Table of Concurrent Positions of Sharia Supervisory Board
Position at Other
Name Position Companies/ Name of Company/Other Institution
Institutions
Dr. KH. Afifuddin Muhajir, M.Ag Chairman Chairman The Salafiyah Syafi'iyah Islamic Boarding School
Foundation, Sukorejo
Vice Chairman Deputy Rais Aam PBNU 2022 - 2027
Dr. H. M. Saad Ibrahim, MA* Member Chairman Regional Leaders of Muhammadiyah East Java
Dr. dr. Sukadiono, MM** Member Chairman Regional Leaders of Muhammadiyah East Java 2022-2027
Leader Rector of Muhammadiyah University Surabaya 2020-2024
*Resigned from office since April 12, 2023
** Waiting for the MUI DSN Recommendation Letter and OJK Fit and Proper Test Approval
Ownership of Sharia Supervisory Board
Table of Sharia Supervisory Board’ Share Ownership
Share Ownership in Bank Jatim
Name Position Non-bank
Other
Bank Jatim Other Banks financial
Companies
institutions
Dr. KH. Afifuddin Muhajir, M.Ag Chairman Nil Nil Nil Nil
Dr. H. M. Saad Ibrahim, MA* Member Nil Nil Nil Nil
Dr. dr. Sukadiono, MM** Member Nil Nil Nil Nil
*Resigned from office since April 12, 2023
** Waiting for the MUI DSN Recommendation Letter and OJK Fit and Proper Test Approval
Meeting of Sharia Supervisory Board
Internal Meeting of Sharia Supervisory Board
Throughout 2023, the agenda, dates and participants of the Sharia Supervisory Board Meeting were as follows.
Table of Sharia Supervisory Board Meeting
No. Date Agenda Participant
1. January 14, 2023 JConnect Remittance Opinion Discussion Dr. KH. Afifuddin Muhajir, M.Ag
Dr. H. M. Saad Ibrahim, MA
2. March 31, 2023 FGD Plans for Utilizing Head Office Funds to Deliver Financing in Sharia Business Dr. KH. Afifuddin Muhajir, M.Ag
Units through Mudharabah Muqayadah Agreements Dr. H. M. Saad Ibrahim, MA
3. April 5, 2023 The Discussion of Opinions on the Mudharabah Muqayadah Agreement Dr. KH. Afifuddin Muhajir, M.Ag
Dr. H. M. Saad Ibrahim, MA
PT Bank Pembangunan Daerah Jawa Timur Tbk
384 Annual Report 2023
Page 387
CORPORATE
GOVERNANCE
No. Date Agenda Participant
4.. May 16, 2023 The Discussion of Opinions on the Implementation of New JConnect Mobile Dr. KH. Afifuddin Muhajir, M.Ag
5. July 21, 2023 The Discussion of Opinions on Cardless Transaction Services Dr. KH. Afifuddin Muhajir, M.Ag
6. July 31, 2023 The Discussion of Opinions on the Priority of East Java Sharia Services Dr. KH. Afifuddin Muhajir, M.Ag
7. August 2, 2023 — The Discussion of JConnect Remittance Hong Kong Opinion Dr. KH. Afifuddin Muhajir, M.Ag
— The Discussion of Customer Self Service (CSS) Opinions
8. October 4, 2023 The Discussion of Dual Banking Leveraging Model (DBLM) Opinions Dr. KH. Afifuddin Muhajir, M.Ag
9. October 13, 2023 The Discussion of Opinions on the Use of Conventional Insurance Dr. KH. Afifuddin Muhajir, M.Ag
10. November 7, 2023 The Discussion of Opinion on Sharia People's Business Loan (KUR) Dr. KH. Afifuddin Muhajir, M.Ag
11. November 20, 2023 The Discussion of Acquirer's Electronic Data Capture (EDC) Service Opinion Dr. KH. Afifuddin Muhajir, M.Ag
12. November 24, 2023 The Minutes of Refreshing Mu'awadhah, Tabarru, Qardh & Dain Agreements with Dr. KH. Afifuddin Muhajir, M.Ag
All Sharia Branches
13. December 5, 2023 The Discussion of Opinions on Fund Management Certificates Based on Interbank Dr. KH. Afifuddin Muhajir, M.Ag
Sharia Principles (SiPA)
14. December 11, 2023 The Discussion of Opinions on Deposit Fund Fees Dr. KH. Afifuddin Muhajir, M.Ag
15. December 18, 2023 The Discussion of Deposit On Call (DOC) Opinions Dr. KH. Afifuddin Muhajir, M.Ag
16. December 20, 2023 The Discussion of Opinions on the Use of MMQ Contracts in Syndicated Dr. KH. Afifuddin Muhajir, M.Ag
Investment Financing
17. December 22, 2023 Opinions on the East Java Gen.2 Agent Application Service Dr. KH. Afifuddin Muhajir, M.Ag
Meeting Frequency and Participants
During 2023, the Sharia Supervisory Board has held 17 (seventeen) internal meetings. The frequency and participants of each
member of the Sharia Supervisory Board can be seen in the table below.
Table of Frequency and Participants of Sharia Supervisory Board Meetings
Sharia Supervisory Board meeting
Name Position
Number of Total Other
Percentage
Meetings Attendance Companies
Dr. KH. Afifuddin Muhajir, M.Ag Chairman 17 17 100% Nihil
Dr. H. M. Saad Ibrahim, MA* Member 3 3 100% Nihil
Dr. dr. Sukadiono, MM** Member - - - Nihil
*Resigned from office since April 12, 2023
** Waiting for the MUI DSN Recommendation Letter and OJK Fit and Proper Test Approval
Frequency and Method of Providing Advice as well as Supervision of Compliance with Sharia
Principles in the Capital Market to Issuers or Public Companies
Advice and suggestions were given on several occasions. 4. Sharia Supervisory Board Opinion Regarding Cardless
One of them was when the DPS meeting was also attended Transaction Services
by management. Throughout 2023 DPS has issued 16 (sixteen) 5. Sharia Supervisory Board Opinion Regarding Priority East
Sharia Supervisory Board Opinions. DPS has carried out its Java Syariah Services
duties by supervising the fulfillment of Sharia Principles of Bank 6. Sharia Supervisory Board Opinion Regarding JConnect
Jatim and issuing opinions including: Remittance Hong Kong
1. Sharia Supervisory Board Opinion Regarding JConnect 7. Sharia Supervisory Board Opinion Regarding Customer Self
Remittance Service (CSS)
2. Sharia Supervisory Board Opinion Regarding the 8. Sharia Supervisory Board Opinion Regarding the Dual
Mudharabah Muqayadah Agreement Banking Leveraging Model (DBLM)
3. Sharia Supervisory Board Opinion Regarding the 9. Sharia Supervisory Board Opinion Regarding the Use of
Implementation of New JConnect Mobile Conventional Insurance
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 385
Page 388
10. Sharia Supervisory Board Opinion Regarding Sharia opinions or recommendations regarding the activities of the
People’s Business Loan (KUR) Sharia Business Unit Business.
11. Sharia Supervisory Board Opinion Regarding Acquirer
Electronic Data Capture (EDC) Services Nomination and Remuneration of the
12. Sharia Supervisory Board Opinion Regarding Fund Board of Commissioners and Board of
Management Certificates Based on Interbank Sharia Directors
Principles (SiPA)
13. Sharia Supervisory Board Opinion Regarding Charging of Board of Commissioners and Board of
Deposit Fund Fees Directors Nomination Procedures
14. Sharia Supervisory Board Opinion Regarding Deposits On
Call (DOC) In the nomination process for the Board of Commissioners
15. Sharia Supervisory Board Opinion Regarding the Use of and the Board of Directors of Bank Jatim, policies related
MMQ Agreements in Syndicated Investment Financing to the selection/ replacement of members of the Board of
Commissioners and Directors had been formulated, namely
16. Sharia Supervisory Board Opinion Regarding the East Java
the System and Procedure for the Selection and/or Substitution
Gen.2 Agent Application Service
of Members of the Board of Commissioners and Directors.
This policy was prepared and adjusted based on regulations
Sharia Supervisory Board Performance related to the Company including POJK No. 33/POJK.04/2014
Assessment concerning the Board of Directors and Board of Commissioners
of Issuers or Public Companies and other related regulations
Procedure for Implementation of Performance regarding procedures for selecting/replacing members of the
Assessment of the Sharia Supervisory Board Board of Commissioners/Directors.
Performance appraisal is carried out by self assessment and The purpose of formulating this policy on the selection and/or
submitted to the Board of Commissioners and the GMS. replacement of members of the Board of Commissioners and
the Board of Directors was to serve as a guide in the process of
selecting/ replacing members of the Board of Commissioners
Sharia Supervisory Board Performance Evaluation
in accordance with applicable regulations, as well as to ensure
Criteria
the implementation of good corporate governance in every
process of nomination/ election of members of the Board of
The DPS performance assessment is based on the implementation Directors Commissioner.
of the DPS duties in 2023. The implementation of the DPS duties
can be seen from the number of meetings held and the opinions The nomination/election process for the Board of
and recommendations that have been issued. Commissioners and the Board of Directors was proposed
to the GMS by considering the recommendations from the
The party conducting the assessment Remuneration and Nomination Committee. The stages of the
nominations included the following:
1. Announcement of acceptance of vacancies for candidates for
DPS conducts an independent assessment of DPS performance
members of the Board of Commissioners and/or Directors.
in 2023 (self-assessment).
2. Administrative selection.
3. Implementation of the assessment by the appointed
Results of the Performance Assessment of the Independent institution.
Sharia Supervisory Board 4. Evaluation of assessment results.
5. Final interview.
During 2023, the Sharia Supervisory Board has carried out its 6. Implementation of the Fit and Proper Test by the Financial
role properly. By holding 17 (seventeen) meetings and issuing Services Authority.
7. Appointment of selected candidates at the GMS.
Remuneration Determination Procedure
- The stages in determining the remuneration of the management can be described as follows:
1 2 3
Remuneration and Nomination Commit-
tee evaluates the remuneration policy in Remuneration and Nomination Board of Commissioners submits re-
coordination with the Division in charge Committee submits the results of the muneration proposals and recommen-
of Human Resources. remuneration evaluation to the Board dations for management to the Gener-
of Commissioners. al Meeting of Shareholders (GMS).
PT Bank Pembangunan Daerah Jawa Timur Tbk
386 Annual Report 2023
Page 389
CORPORATE
GOVERNANCE
Proposals and recommendations from the Board of 5. Leave Allowance.
Commissioners to the General Meeting of Shareholders (GMS) 6. Health Facilities/Costs.
can be in the form of: 7. Other facilities/allowances determined by the
1. Approval of the structure, scale, form and amount of Bank as remuneration provided are not related to
remuneration; or performance.
2. Giving power to the Board of Commissioners to determine 2. Variable remuneration consists of:
the structure, scale, form and amount of remuneration. 1. Tantiem.
2. Other facilities/allowances determined by the Bank as
Indicators of Remuneration Determination for remuneration based on performance.
the Board of Commissioners and the Board of
Directors Remuneration Structure of the Board of
Commissioners and Board of Directors
Indicators for determining remuneration for the Board of
Commissioners and Directors are based on, among other Remuneration Structure for Members of the Board of
things, performance achievements including sustainability Commissioners and the Board of Directors Remuneration for
performance, remuneration for similar industries, business the Board of Commissioners and Directors is provided with due
complexity and others. observance to the prevailing remuneration provisions, namely
in the form of:
The Bank set the remuneration to be 2 (two), namely: 1. Remuneration is permanent in nature, is remuneration that
1. Permanent Remuneration is not related to performance and risks, including salaries/
Remuneration policies that are permanent in nature at least honoraria, housing allowances, communication allowances,
pay attention to: holiday allowances, annual leave pay, health facilities, other
- Business scale, business complexity, peer group, inflation, allowances that are comparable to this.
company conditions and capabilities, applicable laws and 2. Variable remuneration is remuneration related to
regulations; - Fixed remuneration consists of: performance and risks, including production services,
1. Honorarium. performance bonuses, bonuses or other forms that can
2. Housing Allowance. be equated with the above. Remuneration in the form of
3. Communication Allowances. bonuses is given in cash and shares or share instruments
4. Holiday allowance. issued by Bank Jatim.
Table of Remuneration Structure for the Board of Commissioners and Directors
Description
No Types of Income
Board of Commissioners Board of Directors
1. Honorarium - President Commissioner 55% of the honorarium of the - President Director 100%
President - Director 80% of the honorarium of the President
- Director Commissioner 90% of the honorarium of the Director
Presi-dent Commissioner
2. Allowance - 1 (one) time holiday allowance, if it is decided differently - 1 (one) time holiday allowance, if it is decided
then it needs to be decided by the Nomination and differently then it needs to be decided by the
Remuneration Committee Meeting. Nomination and Remuneration Committee
Meeting.
- Housing Allowance is given on a monthly basis if you do - Housing Allowance is given on a monthly basis if
not occupy an official residence you do not occupy an official residence
- Communication allowance is given in lump sum every - Annual Leave Allowance 1 (one) time honorarium
month Communication allowance is given in lump sum
every month
- Retirement Award of 38 (thirty eight) times honorarum - Communication allowance is given in lump sum
every month Communication allow-ance is given
in lump sum every month
- Retirement Award of 48 (thir-ty eight) times
honorarum
3. Facility - Official vehicle facilities through the Car Ownership - Official vehicle facilities through the Car
Program (COP) Ownership Program (COP)
- Inpatient and outpatient health facilities according to - Inpatient and outpatient health facilities according
internal regulations Number: 059/003/DK/KEP on April to internal regulations Number: 059/003/DK/KEP
27, 2020 on April 27, 2020
- Legal Aid Facility in accordance with company - Legal Aid Facility in accord-ance with company
regulations regula-tions
4. Bonus & Tantiem - Bonus is given in cash - Bonus is given in cash
- Tantiem is given in cash and in the form of shares issued - Tantiem diberikan tunai dan dalam bentuk saham
by Bank Jatim. yang diterbitkan Bank Jatim.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 387
Page 390
Nominal Remuneration Components Each of Board of Commissioners and Directors
Table of Nominal Amount of Remuneration for the Board of Commissioners and Directors
Amount Received
Number of Remuneration and Board of Commissioners Board of Directors
Other Facilities
Total in (IDR) Total in (IDR)
Total Person Total Person
MIllion MIllion
REMUNERATION
Honorarium 5 4.611 7 10.437
Housing Allowance 5 1.683 7 2.223
Communication Allowance 5 560 7 740
Tantiem 5 17.194 6 30.808
OTHER FACILITIES IN KIND
Housing (cannot be owned) - - - -
COP Program Transport (can be owned) 4 3.700 7 6.400
Health (cannot be owned) 2 212 7 150
TOTAL REMUNERATION IN 1 YEAR
Above IDR1 billion to 2 billion 4 23.203 6 42.963
Above IDR500 million to 1 billion 0 0 1 1.244
Above IDR500 million to 1 billion 1 846 0 0
Rp500 million and below 0 0 0 0
Policies on Diversity of Board of Commissioners and Board of Directors
The diversity of the composition of the Board of Commissioners b. 1 (one) member who has expertise/work experience in
and Directors as stipulated in the Appendix of the Circular the banking industry, and
Letter of Financial Services Authority No. 32/SEOJK.04/2015 c. 1 (one) member who has expertise/work experience in
concerning Governance Guidelines for Public Company has the field of risk management.
been accommodated in the Bank’s Articles of Association. The 2. Nationality
appointment of the Board of Commissioners and Board of Members of the Board of Commissioners and Board of
Directors is carried out by taking into account the experience Directors are Indonesian citizens
and understanding of the banking industry, the integrity and 3. Gender
dedication of each individual. Currently all members of the Board of Commissioners of
Bank Jatim are Male. Meanwhile, 4 (four) members of the
The composition of members of the Board of Commissioners Board of Directors are male and 1 (one) member of the
and Board of Directors of Bank Jatim that is appropriate and in Board of Directors is female.
accordance with the needs of the Bank will support the effectiveness 4. Age
of carrying out the duties and responsibilities of the Board of Members of the Board of Commissioners and Board of
Commissioners and Directors and support the achievement of the Directors have a variety of ages.
Bank’s vision and mission to continue to grow and develop. 5. Independence
Board of Commissioners
Diversity factors in the composition of the members of Board of a. Minimum 50% (fifty percent) of the members of the Board
Commissioners and Board of Directors include: of Commissioners are Independent Commissioners.
1. The expertise/experience of the Board of Commissioners, b. The term of office of an Independent Commissioner is
has at least: a maximum of 4 (four) years, and can be reappointed
a. 1 (1 (one) member who has expertise/work experience with due regard to applicable regulations.
in the field of economics/business /finance, and/or
PT Bank Pembangunan Daerah Jawa Timur Tbk
388 Annual Report 2023
Page 391
CORPORATE
GOVERNANCE
Board of Directors
In accordance with POJK No. 46/POJK.03/2017 Concerning the Implementation of Compliance Functions of Commercial Banks,
Bank Jatim has a Director who is in charge of the Compliance Function, namely the Compliance Director and Risk Management
as a Director who meets the independence requirements
Diversity Composition of the Board of Directors
Table of Diversity in the Composition of the Board of Directors
Work
Name Position Age Gender Education Expertise
Experience
Busrul Iman President Director 59 years old Man - Bachelor in Economics Have work Management,
Accounting ; experience in Accounting
- Master in Management; the banking
- Accountant Profession. sector.
Tonny Prasetyo Director of Compliance 54 years old Man - Bachelor in Agriculture; Have work Management
- Master in Management. experience in
the banking
sector.
Zulhelfi Abidin Director of IT and Digital 61 years old Man - Bachelor of Informatics Have work Informatics
Engineering experience in Engineering
- Master in Computer the banking
Science sector.
Edi Masrianto Director of Finance, Treasury & 59 years old Man - Bachelor in Man- Have work Management
Global Services agement Economics experience in
- Master in Agribusi-ness the banking
Management sector.
R. Arief Wicaksono Director of Micro, Retail and 53 years old Man - Bachelor in Industrial Have work Management
Medium Technology experience in
- Master in Management the banking
sector.
Eko Susetyono Director of Risk Management 58 years old Man - Bachelor in Food Have work Finance,
Technology and experience in Management
Nutrition the bank-ing
- Master in Corporate sector.
Finance and Investment
- Doctor in Management
and Business
Arif Suhirman Director of Operations 57 years old Man - Bachelor in Economics Have work Management,
Accounting experience in Accounting
- Master in Management the banking
and Business sector.
Composition Diversity of the Board of Commissioners
Table of Diversity in the Composition of the Board of Commissioners
Name Position Age Gender Education Work experience Expertise
Suprajarto* President 67 years Man - Bachelor in Economics Have work experience in the Management,
Commissioner old - Master in Management banking sector.
- Doctor in Management
Science
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 389
Page 392
Name Position Age Gender Education Work experience Expertise
Candra Fajri Independent 59 years Man - Bachelor in Economics Have work experience in the Economics
Ananda Commissioner old - Master (MSc.) fields of government, education
- Doctor (Ph.D) and banking.
Muhammad Independent 59 years Man - Bachelor in State Admin- Have work experience in the Administration,
Mas’ud Commissioner old istration Science fields of government and Management,
- Master in Management education. International
- Doctor in the field of Politics
School of Political and
International Studies
Sumaryono Independent 63 years Man - Bachelor in State Have work experience in the Banking
Commissioner old Administration Science banking sector.
Heru Commissioner 62 years Man - Bachelor in Engineering Have work experience in the Management,
Tjahjono** old - Master in Management government sector. Environment and
- Doctor in Environmental Development
and Development
Studies
Adhy Commissioner 52 years Man - Bachelor in Political Have work experience in the Administration,
Karyono*** old Science government sector. Politics
- Master in Public
Administration
Polytechnic
* Stop serving as President Commissioner on December 19, 2023 (passed away).
**Stop serving as Commissioner on April 12, 2023 (dismissed at the 2022 Annual GMS).
***Appointed as Commissioner at the 2022 Annual GMS on April 12, 2023 and effective November 24, 2023.
Transparency of Share Ownership of Directors and Board of Commissioners
Share ownership of members of the Board of Directors is 5% or more.
Share Ownership (shares)
Name Position Non-bank financial Other
Bank Jatim Other Bank
institutions Companies
Busrul Iman President Director - - - -
Tonny Prasetyo Director of Compliance - - - -
Zulhelfi Abidin Director of IT and Digital - - - -
Edi Masrianto Director of Finance, Treasury & Global - - - -
Services
R. Arief Wicaksono Director of Micro, Retail and Medium - - - -
Eko Susetyono Director of Risk Management - - - -
Arif Suhirman Director of Operations - - - -
PT Bank Pembangunan Daerah Jawa Timur Tbk
390 Annual Report 2023
Page 393
CORPORATE
GOVERNANCE
Share ownership of members of the Board of Commissioners is 5% or more.
Share Ownership (shares)
Name Position Non-bank financial Other
Bank Jatim Other Bank
institutions Companies
Suprajarto* President Commissioner - - - -
Candra Fajri Independent Commissioner - - - -
Ananda
Muhammad Independent Commissioner - - - -
Mas’ud
Sumaryono Independent Commissioner - - - -
Heru Commissioner - - - -
Tjahjono**
Adhy Commissioner - - - -
Karyono***
* Stop serving as President Commissioner on December 19, 2023 (passed away).
**Stop serving as Commissioner on April 12, 2023 (dismissed at the 2022 Annual GMS).
***Appointed as Commissioner at the 2022 Annual GMS on April 12, 2023 and effective November 24, 2023
Share Ownership Transactions of The Board of Directors and The Board of Commissioners
Information Disclosure Policy on Share Ownership of the Meanwhile, the submission of information by the Board of
Board of Commissioners and Directors was regulated in the Directors/Board of Commissioners applied to each change
Implementation Guidelines for Relations Corporate Secretary of ownership. Reports to the Public Company shall be made
Investor Chapter IV in the following: no later than 3 (three) working days after the ownership or
change in ownership of shares occured. Reports carried
• Ownership Report or Any Change in Public Company Share out independently had to be submitted no later than 10
Ownership (ten) days from the occurrence of ownership or change in
Reporting of members of the Board of Directors or members ownership of the shares of the Public Company. Reporting
of the Board of Commissioners on ownership and any obligations could also be carried out by other parties (in
changes in ownership of the shares of the Public Company, this case the Corporate Secretary) through written power
either directly or indirectly, and any Party that owned of attorney. Submission of a report through a proxy had
shares, either directly or indirectly, should be at least 5% to be made no later than 5 (five) days after the change in
(five percent) of the paidup capital in the Public Company. share ownership occured and had to be accompanied by
Reporting obligations for parties who owned at least 5% a copy of the power of attorney based on the applicable
(five percent) could be applied to changes in ownership of regulations.
at least 0.5% (zero point five percent) in 1 (one) or several
transactions. The report had to be submitted no later than In 2023, the disclosure of Share Ownership Information for the
10 (ten) days from the occurrence of ownership or change Board of Commissioners and Directors was in accordance with
in ownership of the shares of the Public Company. the applicable Implementation Guidelines. Purchase/sale of
shares of the Board of Commissioners and Board of Directors in
2023 were as follows.
Number of
Transaction Transaction
No Name Before After Transaction Price
date Purpose
Shares
1 Busrul Iman 1,946,500 2,486,500 540,000 650 May 17, 2023 Investment
2 R. Arief 126,300 443,300 317,000 650 May 19, 2023 Investment
Wicaksono
3 Tonny Prasetyo 628,500 728,500 100,000 650 May 26, 2023 Investment
4 Suprajarto - 191,000 191,000 650 May 26, 2023 Program LTI
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 391
Page 394
Number of
Transaction Transaction
No Name Before After Transaction Price
date Purpose
Shares
5 Busrul Iman 2,486,500 2,958,900 472,400 650 May 26, 2023 Program LTI
6 Tonny Prasetyo 728,500 1,067,400 338,900 650 May 26, 2023 Program LTI
7 R. Arief 443,300 728,200 284,900 650 May 26, 2023 Program LTI
Wicaksono
8 Edi Masrianto - 227,600 227,600 650 May 26, 2023 Program LTI
9 Eko Susetyono - 24,100 24,100 650 May 26, 2023 Program LTI
10 Zulhelfi Abidin - 24,200 24,200 650 May 26, 2023 Program LTI
11 Eko Susetyono 24,100 124,100 100,000 650 June 5, 2023 Investment
12 Edi Masrianto 227,600 327,600 100,000 650 June 7, 2023 Investment
Organs and Committees Under The Board 4. Prepare materials/materials that are needed in relation
of Commissioners to matters that must obtain a decision from the Board of
Commissioners regarding the Company’s management
In supervising the Company, the Board of Commissioners activities carried out by the Board of Directors and all staff.
is assisted by the Secretariat of the Board of Commissioners 5. Prepare considerations, opinions, suggestions and
and Committees under the Board of Commissioners. other decisions from the Board of Commissioners for
Committees under the Board of Commissioners consist of the shareholders, the Board of Directors and parties related to
Audit Committee, the Risk Monitoring Committee and the the management of the Company.
Remuneration and Nomination Committee. The organs and 6. Follow up every decision of the Board of Commissioners
committees under the Board of Commissioners are described by:
as follows. a. Record every decision made in decision-making forums
and the person in charge.
Secretariat of Board of Commissioners b. Monitor and check the progress stages of the
implementation of the results of meeting decisions/
The Board of Commissioners of Bank Jatim in carrying out considerations, opinions, suggestions and other
their duties and responsibilities is assisted by a work unit called decisions of the Board of Commissioners.
the Secretariat of the Board of Commissioners. The Group c. Make efforts to encourage the implementation of
Secretariat of the Board of Commissioners of Bank Jatim is followup decisions on meetings/considerations,
structurally under the Corporate Secretary. The Secretariat opinions, suggestions and other decisions of the Board
Group of the Board of Commissioners is responsible to the of Commissioners to the person in charge.
Board of Commissioners to assist the Board of Commissioners 7. Report to the Company regarding the share ownership
in secretarial activities and in carrying out their duties. of members of the Board of Commissioners and/or their
families in the Company and other Companies.
Duties and Responsibilities of The Secretariat of The 8. Prepare a report on the supervisory duties that have been
Board of Commissioners carried out by the Board of Commissioners during the
previous financial year to the GMS.
1. Mengatur Manage the agenda for the Board of 9. Coordinate with the Committees of the Board of
Commissioners meeting activities and be responsible Commissioners in preparing reports on the results of
for the implementation process, prepare meeting supervision of the implementation of the Company’s
materials, compile meeting minutes, and administer the Business Plan every semester to OJK in accordance with
Board of Commissioners Meetings in an orderly manner, the prevailing laws and regulations.
Committees Meetings under the Board of Commissioners, 10. Coordinate the drafting of the Board of Commissioners’
and Meetings of the Board of Commissioners inviting the Annual Work Plan and Budget which is an integral part of
Board of Directors. the Company’s Annual Work Plan and Budget prepared by
2. Coordinate with the Board of Directors and related work the Board of Directors.
units with regard to the activities and duties of the Board of 11. Coordinate the preparation of suggestions and opinions
Commissioners. regarding the agenda and materials of the GMS, including
3. Coordinate with related work units in preparing the but not limited to:
necessary materials in relation to the preparation of reports
involving the Board of Commissioners.
PT Bank Pembangunan Daerah Jawa Timur Tbk
392 Annual Report 2023
Page 395
CORPORATE
GOVERNANCE
a. Coordinating the agenda and materials with related Audit Committee
parties.
b. Prepare materials that are the responsibility of the Basic Establishment of The Audit Committee
Board of Commissioners, and provide opinions on the
material as a whol. The establishment of the Audit Committee is based on the
12. Coordinate the participation of the Board of Commissioners following rules:
and Committees under the Board of Commissioners 1. POJK No. 55/POJK.03/2016 concerning the
in training/ seminars/other competency development Implementation of Governance for Commercial Banks
activities in accordance with the respective areas of and has been updated to POJK 17 of 2023 concerning
supervision of the Board of Commissioners/ Committees. the Implementation of Governance for Commercial Banks,
13. Carry out other duties to support the smoothness of the dated September 14, 2023.
supervisory and advisory duties carried out by the Board of 2. POJK No. 55/POJK.04/2015 concerning the Establishment
Commissioners. and Guidelines for Implementing the Work of the Audit
Committee, dated December 23, 2015.
The Implementation of The Secretariat of The Board 3. POJK No. 46 /POJK.03/2017 concerning Implementation
of Commissioners of Compliance Function for Commercial Banks, dated July
12, 2017.
During 2023 the Secretariat of the Board of Commissioners has 4. POJK No. 39/POJK.03/2019 concerning the
carried out the following task: Implementation of Anti-Fraud Strategy for Commercial
1. Prepare meeting materials, compile minutes of meetings, Banks, December 19, 2019.
and administer the Board of Commissioners Meetings in 5. Company Articles of Association.
an orderly manner, Meetings of committees under the
Board of Commissioners, and Meetings of the Board of Duties and Responsibilities of The Audit Committee
Commissioners inviting the Directors.
2. Provide input and information to the Board of In carrying out their functions, the Audit Committee has the
Commissioners on matters of concern to the Board of following duties and responsibilities:
Commissioners, including, among others, the policies and 1. Review the financial information that will be issued by the
strategies of the Board of Directors in achieving the Bank’s Bank to the public and/or the authorities including financial
Business Plan. statements, projections, and other reports related to the
3. Cooperate with the Committees under the Board of Bank’s financial Information.
Commissioners in fulfilling the obligations of the Board 2. Review the Bank activities’ compliance with laws and
of Commissioners, including reports from the Board of regulations.
Commissioners to the Regulator. 3. Provide independent opinion in the event of disagreements
4. Coordinate the drafting of the Board of Commissioners’ between management and the Accountant for the services
Annual Work Plan and Budget and monitor the progress of they provide.
implementing the work plan on time. 4. Provide recommendations to the Board of Commissioners
5. Mengkoordinasikan Coordinate the implementation regarding the appointment and dismissal of Public
of Work Visits for the Board of Commissioners and Accountants (AP) and KAP based on independence, scope
Committees under the Board of Commissioners, including of assignment, and compensation for services.
administering the Visit Report. 5. Review the implementation of inspections by the Internal
6. Administer the correspondence of the Board of Audit Work Unit (SKAI) and monitoring the follow-up
Commissioners and committees under the Board of implementation
Commissioners, including drafting the approval of the 6. Review complaints related to the accounting process and
Board of Commissioners on matters proposed by the financial reports of the Bank.
Board of Directors to seek approval from the Board of 7. Review and provide advice to the Board of Commissioners
Commissioners. regarding the potential conflict of interests of the Bank.
7. Coordinate the participation of the Board of Commissioners 8. Maintain the confidentiality of Bank documents, data and
and committees under the Board of Commissioners information.
in training/seminars/other competency development 9. Monitor the adequacy of the financial reporting process such
activities in accordance with the respective areas of as quarterly financial reports, annual reports, publication
supervision of each Commissioner/Committee. reports, projections and other financial information that
8. Facilitate the implementation of the duties of the Board of will be submitted to the public, Bank Indonesia and other
Commissioners and committees related to the nomination regulatory agencies
process for the nomination of Bank Supervisory Candidates. 10. Review the adequacy of the Internal Audit function,
9. Carry out other duties to support the smoothness of the including the number of auditors, the annual work plan and
supervisory and advisory duties carried out by the Board of budget as well as the work that has been carried out
Commissioners. Komisaris.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 393
Page 396
11. Monitor the planning and implementation of audits as Authority of Audit Committee
well as following up on the results of audits conducted by
Management and other related Operational Work Units In carrying out their duties, the Audit Committee has the
12. Monitor and evaluate the performance or implementation following authority:
of the duties of the SKAI function 1. Accessing the Bank’s documents, data, and information
13. Evaluation of audit implementation by KAP included the regarding to the employees, fund, assets, and the required
adequacy of work programs and review of KAP audit company resources.
plans including those related to internal control structures, 2. Communicating directly to the employees, including the
material items and risk management. Board of Directors and parties performing the internal audit
function, risk management, and accountant in regard to the
Audit Committee Charter Audit Committee duties.
3. Involving independent parties outside the Audit Committee
In implementing the principles of good governance, the Audit members necessary to help conduct their duties (if
Committee had work guidelines set out in the Decree of the required).
Board of Commissioners Number 061/04/DKM/KEP dated 4. Performing any other authority given by the Board of
June 28, 2022, which regulated: Commissioners.
1. Legal Foundation
2. Membership Structure Term of Office of the Audit Committee
3. Membership Requirements
4. Duties and responsibilities The term of office of the Audit Committee may not be longer
5. Authority than the term of office of the Board of Commissioners as
6. Audit Committee meeting stipulated in the articles of association and may be re-elected
7. Tenure of Audit Committee Members only for the next 1 (one) period.
8. Reporting
9. Handling Complaints/Reporting Violations
Structure, Membership, and Expertise of The Audit Committee
The structure, membership and expertise of the Audit Committee can be seen in the table below.
Structure, Membership and Expertise of the Audit Committee Period January 1, 2023 – December 28, 2023
Name Position Determination Decree Expertise Information
Sumaryono Chairman Board of Directors Decree State Administration Independent
Number 061/200/DIR/HCP/ Commissioner
KEP concerning Changes to the
Muhammad Mas'ud Member State Administration Independent
Composition of the Committee
Commissioner
of PT Bank Pembangunan Daerah
Candra Fajri Ananda* Member Jawa Timur Tbk Economy Independent
Commissioner
Kusnadi Member Economic, Accounting Independent Party
* The term of office ends on December 28, 2023
Structure, Membership and Expertise of the Audit Committee Period December 29, 2023 - December 31, 2023
Name Position Determination Decree Expertise Information
Sumaryono Chairman Board of Directors Decree State Administration Independent
Number 062/105/DIR/HCP/ Commissioner
KEP concerning Composition
Muhammad Mas'ud Member State Administration Independent
of the Board of Commissioners
Commissioner
Committee for the 2024 Period
Kusnadi Member of PT Bank Pembangunan Daerah Economic, Accounting Independent Party
Jawa Timur Tbk
Moch. Arifin* Member Law Independent Party
PT Bank Pembangunan Daerah Jawa Timur Tbk
394 Annual Report 2023
Page 397
CORPORATE
GOVERNANCE
Profile of Audit Committee
The profile of the Audit Committee as of December 31st, 2023,
is as follows.
Sumaryono
Chairman of the Audit Committee
His profile can be seen in the Profile of the Board of Commissioners in this Annual Report.
Muhammad Mas’ud
Member of Audit Commitee
His profile can be seen in the Profile of the Board of Commissioners in this Annual Report.
Kusnadi
Member of Audit Commitee (Independent Party)
Citizenship : Indonesian citizens
Domicile : Malang
Place and Date of : Cianjur, June 18, 1966/ 57 years old as of December 2023
Birth/Age
Educational : • Bachelor of Accounting from Brawijaya University Malang,
background Graduated in 1990
• Master of Agribusiness UGM Yogyakarta, Graduated in 2004
Work experience : • Job Trainer Muara Bungo Branch Office (1990-1992)
• Staff I Bitung Branch Office (1992-1994)
• Staff II Tegal Branch Office (1994-1997)
• MLO Branch of Cilegon (1997-1999)
• MLO Jakarta Branch Office Roxi (1999-2002)
• Head of Wiradesa Pekalongan Sub-Branch (2002-2004)
• Head of BRI Luwuk Branch (2004-2006)
• Head of BRI Parepare Branch (2007-2009)
• Head of BRI Lubuk Pakam Branch (2009-2011)
• BRI Nganjuk Branch Manager (2011-2012)
• Head of BRI Jakarta City Branch (2012-2012)
• Special Staff BRI (2012-2016)
• Head of Logistics BRI Pekanbaru (2016-2019)
• GH AIW BRI Bandung (Year 2019-June 2022)
Certification • Level 2 Risk Management Certification 2006.
• Bank Internal Audit Competency Certificate with Special
Occupational Qualifications for BRI Audit Supervisor Jobs (BRI
Professional Certification Institute) in 2021
Legal Basis of : Board of Directors Decree No. 061/200/DIR/HCP/KEP dated October
Appointment 3, 2022
Period of Service Period I
Length of service Period 2022-2026
Double function None
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 395
Page 398
Moch. Arifin
Member of Audit Commitee (Independent Party)
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and Date of : Surabaya, February 2, 1971/52 years old as of December 2022
Birth/Age
Educational : • Universitas Bhayangkara Surabaya
background
Work experience : • Advocate (1996 – Present)
• Legal Consultant PT Berlian Mandiri Perkasa, Surabaya (2001 –
• Present)
• Legal Consultant PT Java Green Transport, Sidoarjo (2009 –
• Present)
• Legal Consultant PT Multi Color Indonesia, Sidoarjo (2009 –
• Present)
• Legal Consultant at PT Angkasa Raya, Surabaya (2009- Present)
• Bank Legal Consultant Yudha Bhakti (2005 – 2015)
• Chairman of the Supervisory Board of the People’s Credit Bank in
• Kediri City, (2012 – 2018)
• Legal Consultant at PT Perkebunan Nusantara IX, Surakarta (2014
• – 2020)
• Expert Staff for the Legal Secretariat Bureau of East Java Provincial
• Government (2013 – Present)
Certification • Minutes of the Oath Taking Ceremony (BAPS)
• Advocate Identification Card (KTA) Indonesian Advocates
Association (PERADI)
Legal Basis of : Board of Directors Decree No. 061/200/DIR/HCP/KEP dated 03
Appointment October 2022
Period of Service Period I
Length of service Period 2022-2026
Double function • Legal Consultant PT Berlian Mandiri Perkasa, Surabaya (2001 –
Present)
• Legal Consultant PT Java Green Transport, Sidoarjo (2009 – Present)
• Legal Consultant PT Multi Color Indonesia, Sidoarjo (2009 –
Present)
• Legal Consultant PT Angkasa Raya, Surabaya (2009- Present)
• Expert Staff at the Legal Bureau of the Regional Secretariat of the
East Java Provincial Government (2013 – Present)
Qualification of Education and Experience of Audit Committee
Table of Audit Committee Education Qualification and Work Experience
Name Position Period Work Experience
Sumaryono Chairman Bachelor in Business Administration Science, Having work experience in banking.
Brawijaya University
Candra Fajri Ananda* Member Bachelor in Economics and Development Studies Having work experience, among others, in
Master Degree (MSc.) in Rural Development finance, research, international relations,
Doctor Degree (DR) in Rural Development economics and banking supervision
PT Bank Pembangunan Daerah Jawa Timur Tbk
396 Annual Report 2023
Page 399
CORPORATE
GOVERNANCE
Name Position Period Work Experience
Muhammad Mas’ud Member Bachelor in State Administration Science Master Having work experience, among others in the
of Management Doctor (Ph.D) in the field of fields of finance, political science and economics
School of Political and International Studies
Kusnadi Member Bachelor in Accounting Memiliki pengalaman kerja antara lain di bidang
keuangan, ilmu politik dan perekonomian
Moch. Arifin** Member Master in Agribusiness Have work experience in banking
Bachelor in Law Have work experience in the field of law and
banking
The term of office ends on December 28, 2023
* The term of office as Member of the Audit Committee starts from December 29, 2023, previously as Member of the Risk Monitoring Committee
Audit Committee Independence
Table of Audit Committee Independence
Muhammad Candra Fajri
Independence Aspect Sumaryono Kusnadi Moch. Arifin**
Mas’ud Ananda
Has no financial relationship with the
Board of Commissioners and the Board
of Directors
Does not have a management
relationship in the company, subsidiary, or
affiliated company
Does not have a share ownership
relationship in the company
Does not have a family relationship with
the Board of Commissioners, Board of
Directors, and/or fellow members of the
Audit Committee
Do not serve as administrators of political
parties, officials and government
*The term of office ends on December 28, 2023
* The term of office as Member of the Audit Committee starts from December 29, 2023, previously as Member of the Risk Monitoring Committee
Audit Committee meeting
AUDIT COMMITTEE MEETING POLICY
The implementation and procedures for the Audit Committee reasons for the meeting participants for these differences.
meetings are as follows: The minutes of the meeting are signed by all members of
1. Meetings are held at least 1 (one) time in 3 (three) months the Audit Committee present and submitted to the Board
according to the needs of the Bank. of Commissioners.
2. Meetings can be held if attended by at least 51% of the 6. Meetings can be held offline or online through digital media
total committee members, including 1 (one) Independent which allows the Audit Committee meeting participants to
Commissioner and Independent Party. participate in the meeting.
3. The meeting is chaired by the Chairman of the Audit
Committee or a Member of the Audit Committee from an
Independent Commissioner if the Chairman of the Audit
Committee is unable to attend. AGENDA OF COMMITTEE AUDIT MEETING
4. Decisions of the Committee meetings are based
on consensus deliberation. If there is no consensus Throughout 2023, the implementation date, Meeting Agenda
deliberation, then the decision is made based on the and Meeting Participants of the Audit Committee are as follows.
majority vote.
5. Committee meetings are recorded in the minutes of the
meeting, including if there are dissenting opinions and the
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 397
Page 400
Table of Meeting Agenda of the Audit Committee
No Meeting Date Meeting Agenda Meeting Participants
1. February 7, 2023 The discussion includes: Sumaryono
1. Progress in the resolution of the Occupational Punishment Committee (KBHJ) Candra Fajri Ananda
regarding unresolved fraud cases. Kusnadi
2. The Improvement of Standard Operating Procedures (SOP) regarding Providing
Quick and Accurate Responses to Fraud Case Resolution.
2 February 22, 2023 Board of Commissioners Supervision Report on the Implementa-tion of the Bank’s Sumaryono
Business Plan (RBB) Semester II 2022 Kusnadi
3. March 29, 2023 Legal Risk Mitigation of PT. G.P Sumaryono
Candra Fajri Ananda
Muhammad Mas’ud
Kusnadi
4. May 2, 2023 Coordination of the Procurement Process for a Public Accounting Firm (KAP) for Sumaryono
Auditing Financial Reports as of April 30, 2023, as part of a Series of Due Diligence Kusnadi
Processes for Bank Business Groups (KUB) with Bank NTB Syariah
5. July 11, 2023 The Proposal of Replacement of Internal Audit Division Leader Sumaryono
Kusnadi
6. September 21, 2023 The discussion includes: Sumaryono
1. Internal Audit Division Performance Evaluation Candra Fajri Ananda
2. Follow-up on Fraud Cases for the Period from 2021 Muhammad Mas’ud
Kusnadi
7. October 30, 2023 The Results of Evaluation of Presentation of Bid Documents for Procurement of Public Sumaryono
Accounting Services (AP)/Public Account-ing Firm (KAP) in the context of Auditing the Candra Fajri Ananda
Financial Reports of PT Bank Pembangunan Daerah Jawa Timur Tbk. Muhammad Mas’ud
Kusnadi
8. December 28, 2023 Annual Audit Plan for the Internal Audit Division for the 2024 Peri-od. Sumaryono
Kusnadi
FREQUENCY AND ATTENDANCE OF AUDIT COMMITTEE MEETINGS
During 2023, the Audit Committee has held 8 (eight) meetings. The frequency and level of attendance of each member of the Audit
Committee are as follows.
Table of Attendance Level on Audit Committee Meeting
Audit Committee Meeting
Name Position Number and Attendance Percentage
Number of Meetings Number of Attandance Percentage
Sumaryono Chairman 8 8 100%
Candra Fajri Ananda* Member 8 4 50%
Muhammad Mas’ud Member 8 3 37,5%
Kusnadi Member 8 8 100%
Moch. Arifin** Member - - -
* The term of office ends on December 28, 2023
*The term of office as Member of the Audit Committee starts from December 29 2023, previously as Member of the Risk Monitoring Committee
PT Bank Pembangunan Daerah Jawa Timur Tbk
398 Annual Report 2023
Page 401
CORPORATE
GOVERNANCE
Audit Committee Remuneration
No Description Non-Commissioner Member
1 Salary / Honorarium Receive an honorarium of 15% of the President Director’s Salary
2 Post-Position Compensation Not Given
3 Holiday allowance In accordance with the applicable provisions for the Board of Commissioners or Permanent Employees of the
Bank
4 Bonus / Tantiem In accordance with the provisions that apply to Permanent Employees of the Bank
5 Facility:
Transportation Allowance Not Given
Health In accordance with the applicable provisions for the Board of Commissioners or Permanent Employees of the
Bank
Official travel In accordance with the applicable provisions for the Board of Commissioners or Permanent Employees of the
Bank
Training and/or Competency Improvement of The Audit Committee In 2023
Types of Training and
Time and place
Name Position Development Materials Organizer
Implementation
Competence/Training
Sumaryono Chairman Education and/or Competency Improvement can be seen in the Education and/or Competency
Improvement section for the Board of Commissioners
Candra Fajri Member Education and/or Competency Improvement can be seen in the Education and/or Competency
Ananda* Improvement section for the Board of Commissioners
Muhammad Mas’ud Member Education and/or Competency Improvement can be seen in the Education and/or Competency
Improvement section for the Board of Commissioners
Kusnadi Member National Economy Outlook 2024 Seminar Surabaya, November 16, 2023 FKDK – BPDSI
on the Development of the Digital
Economy
National Seminar on Beware of Cyber Surabaya, November 16, 2023 FKDK – BPDSI
Crime Threats in the Midst of Digital
Banking Transformation Efforts.
National Economy Outlook 2024 Seminar Surabaya, November 16, 2023 FKDK – BPDSI
on the Development of the Digital
Economy
Moch. Arifin** Member National Seminar on Beware of Cyber Surabaya, November 16, 2023 FKDK – BPDSI
Crime Threats in the Midst of Digital
Banking Transformation Efforts.
*The term of office ends on December 28, 2023
*The term of office as Member of the Audit Committee starts from December 29, 2023, previously as Member of the Risk Monitoring Committee
Work Program and Implementation of Duties of The Audit Committee In 2023
AUDIT COMMITTEE WORK PROGRAM FOR 2023 Internal Audit Division
The Audit Committee prepared a work program in 2023, • Reviewing projected financial information and other reports
including the following: related to financial information.
• Monitoring the implementation of the Anti-Fraud Strategy
Quarter I (SAF) and Gratification Control.
• Evaluation of Follow-Up of General Audit Findings from Internal • Monitoring and evaluating the implementation of the
• Evaluation of Special Audit & Fraud Follow-up from the duties of the Internal Audit Work Unit (SKAI).
• Making an annual report on the implementation of the
activities of the Audit Committee in the Annual Report.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 399
Page 402
Quarter II b. The appointment of a Public Accounting Firm (KAP)
• Evaluasi Evaluation of General Annual Historical Financial was based on independence, scope of assignment,
Audit Results from KAP (Public Accountant Office). and compensation for services.
• Evaluation of Follow-Up of General Audit Findings from c. Report on the Results of the Evaluation of the
Internal and External Parties. Implementation of Audit Services on the annual
• Reviewing projected financial information and other reports historical financial information of PT Bank Pembangunan
related to financial information. Daerah Jawa Timur Tbk. Fiscal Year 2022.
• Coordination with the Internal Audit Division after the d. The Election of the Head of SKAI.
progress reports are received by the Audit Committee. 3. Conduct coordination meetings with related divisions,
including:
Quarter III a. VP of Internal Audit:
• Evaluation of Follow-Up of General Audit Findings from - Evaluasi Evaluation of the 2023 Period Audit Plan
Internal and External Parties. - Evaluation of the Implementation of Providing Audit
• Evaluation of Special Audit & Fraud Follow-up from the Services on Annual Historical Financial Information
Internal Audit Division. by Nexia Kanaka Puradiredja Suhartono Public
• Reviewing projected financial information and other reports Accountant (AP) and/or Public Accounting Firm
related to financial information. (KAP) for the Fiscal Year 2022.
• Provide recommendations to the Board of Commissioners - The Evaluation of the preparation of preliminary
regarding the appointment of a Public Accountant (AP) audit planning.
based on independence, scope of assignment, and - Updating SAF Standard Operating Procedures
compensation for services. (SOPs);
• Monitoring the implementation of the Anti-Fraud Strategy - The Improvement of Standard Operating
(SAF) and Gratification Control. Procedures (SOP) regarding Providing Quick and
• Evaluation of the implementation of compliance with Accurate Responses to Fraud Case Resolution.
internal and external regulations. - Internal Fraud Prevention Strategy & Program
(repeated findings);
Quarter IV - Performance Evaluation of the Internal Audit Division.
• Evaluation of Follow-Up of General Audit Findings from - Qualifications of officers in the branch office
Internal and External Parties. internal control unit.
• Evaluation of the Audit Plan from the Internal Audit Division b. VP Financial Control
for Approval of the Implementation of the Audit Plan. - Valuation of the Implementation of Providing Audit
• Reviewing projected financial information and other reports Services on Annual Historical Financial Information
related to financial information. by Nexia Kanaka Puradiredja Suhartono Public
• Coordination with the Internal Audit Division after the Accountant (AP) and/or Public Accounting Firm
progress reports are received by the Audit Committee. (KAP) for the Fiscal Year 2022; dan
- The coordination regarding financial performance,
BRIEF REPORT ON THE 2022 AUDIT COMMITTEE calculation of CKPN formation.
ACTIVITIES c. VP General
- The coordination of the procurement process
The Audit Committee carried out its duties and responsibilities for Audit Services for Annual Historical Financial
properly in accordance with the Audit Committee Charter Information by Public Accountants (AP) and/
and referred to POJK No. 55/POJK.04/2015, concerning the or Public Accounting Firms (KAP) for the 2023
Establishment and Guidelines for the Implementation of Work Financial Year period.
of Audit Committees, as well as BPP Committees of the Board of d. VP Human Capital
Commissioners. The Audit Committee during the 2023 period - Standard Level Agreement (SLA) Punishment
held 8 (eight) meetings and carried out its duties including: Process
1. Implementation of follow-up reports on a number of - Matrix Punishment
fraudulent acts during 2023, and several matters that need - Determination of Punishment up to the Branch
to obtain approval from the Board of Commissioners, Organizational level.
including reports on Realization of Business Plans (RBB), - Progress in the resolution of the Occupational
reports on the implementation of the audit function, review Punishment Committee (KBHJ) regarding
of the company’s financial statements, and reports on unresolved fraud cases.
internal audit results. - Transfer of employee composition to the positions
2. Memberikan rekomendasi dan laporan yang berkaitan of Account Officer (AO) and Funding Officer (FO) in
dengan persetujuan: work units in the Branch Office.
a. Audit inspection plan (Audit Plan) of the Internal Audit - Job Requirements for Quality Assurance unit (QA
Division and/or second line of defense at Branch Offices).
PT Bank Pembangunan Daerah Jawa Timur Tbk
400 Annual Report 2023
Page 403
CORPORATE
GOVERNANCE
e. VP of Strategic Planning & Performance Management 6. Holding meetings
- The Coordination of the evaluation of the Bank 7. Reporting
Business Plan (RBB) report for the first semester of
2023. Duties and Responsibilities of The Remuneration
f. VP of Subsidiary Management and Nomination Committee
- The Coordination of the Procurement Process
for a Public Accounting Firm (KAP) for Financial 1. Related to Nomination function
Report Audit Purposes as of April 30, 2023, as part a. Provide recommendations to the Board of Commissioners
of a Series of Due Diligence Processes for Bank regarding the structure, policies and amount of
Business Groups (KUB) with Bank NTB Syariah Remuneration for members of the Board of Directors and/
or members of the Board of Commissioners.
4. Coordinating with the Risk Monitoring Committee in order to:
b. Assist the Board of Commissioners in evaluating
a. Monitoring and evaluating Bank Health Level (TKB).
performance in accordance with the remuneration
b. The discussion of the Standard Level Agreement (SLA)
received by each member of the Board of Directors and/
Process for Punishment of Fraud Perpetrators. or members of the Board of Commissioners.
c. The evaluation of the function and implementation of c. In carrying out the remuneration function as referred to
tasks in the Branch Office internal control unit. in point “a” above, the Remuneration and Nomination
d. Revitalizing the Anti-Fraud Strategy (SAF) function and Committee must perform the procedure:
updating SAF Standard Operational Procedures (SOP). - Develop a Remuneration structure for members of
e. Evaluating the implementation of SAF on handling the Board of Directors and/or members of the Board
conflicts of interest and controlling gratuities, of Commissioners in the form of salaries, honorarium,
transparency of financial and non-financial information, incentives, permanent and/or variable visits.
- Formulate policies on Remuneration for members of
as well as integration of the Bank’s strategic plans.
the Board of Directors and/or members of the Board
of Commissioners.
Statement of the Audit Committee on the
- Arrange the amount of Remuneration for members of
Effectiveness of the Internal Control System and the Board of Directors and/or members of the Board
Risk Management of Commissioners.
d. The preparation of the structure, policy and amount of
The internal control system implemented by Bank Jatim is Remuneration must pay attention to:
considered to have been running effectively and adequately as - Remuneration applicable to the industry in accordance
reflected in the effectiveness of the implementation of internal with business activities and similar business scales in
control functions, including internal audit, risk management, its industry (peer groups).
compliance, financial and operational control functions. - The duties, responsibilities and authority of members
of the Board of Directors and/or members of the Board
of Commissioners are related to the achievement of
Remuneration and Nomination Committee
the objectives and performance of the bank.
- Performance targets or the performance of each
Basic Formation of The Remunerationand member of the Board of Directors and/or members
Nomination Committee of the Board of Commissioners.
- A balance of benefits between those that are
Members of the Remuneration and Nomination Committee are permanent and variable.
based on the following regulations: e. Assist the Board of Commissioners in providing
1. POJK No. 55/POJK.03/2016 concerning Implementation recommendations on payroll/wage systems, provision of
of Governance for Commercial Banks. benefits and facilities for senior executive and employees.
2. POJK No. 34/POJK.04/2014 concerning the Nomination & f. Assist the Board of Commissioners in providing
recommendations on compensation systems and other
Remuneration Committee of Issuers or Public Companies.
benefits for senior executive and employees.
3. Articles of Association regarding the duties and authorities
g. Assist the Board of Commissioners in providing
of the Board of Commissioners and their amendments.
recommendations on payroll/wage systems, provision of
benefits and facilities for employees.
Charter of Remuneration and Nomination Committee h. Assist the Board of Commissioners in providing
recommendations on compensation systems and other
The Remuneration and Nomination Committee has a Work benefits for employees.
Guidelines set out in the Charter/ Implementation Guidelines 2. Related to Remuneration function
for the Board of Commissioners Committee Number 060/002/ a. Provide recommendations to the Board of Commissioners
DK/Kep Date January 15, 2021, which regulates about: regarding the composition of the positions of members of
1. Roles and Functions the Board of Directors and/or members of the Board of
Commissioners.
2. Responsibilities
b. Provide recommendations to the Board of Commissioners
3. Authority
regarding the policies and criteria needed in the
4. Membership Structure, Position and Period of Position
Nomination process.
5. Work procedures
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 401
Page 404
c. Provide recommendations to the Board of Commissioners Board of Directors and/or members of the Board of
regarding performance evaluation policies for members Commissioners.
of the Board of Directors and/ or members of the Board • Assist in the evaluation of the performance of
of Commissioners. members of the Board of Directors and/or members
d. Assist the Board of Commissioners in evaluating the of the Board of Commissioners.
performance of members of the Board of Directors and/ • Formulate a capacity building program for members
or members of the Board of Commissioners based on of the Board of Directors and/or members of the
benchmarks that have been prepared as evaluation Board of Commissioners.
material. • Review and propose candidates who qualify as
e. Provide recommendations to the Board of Commissioners members of the Board of Directors and/or members
regarding the capacity building program for members of of the Board of Commissioners to the Board of
the Board of Directors and/or members of the Board of Commissioners to be submitted to the GMS.
Commissioners.
f. Provide proposals for candidates who qualify as members Authority of Remuneration and Nomination
of the Board of Directors and/or members of the Board Committee
of Commissioners to the Board of Commissioners to be
submitted to the GMS. The Board of Commissioners authorizes the Remuneration and
g. Provide recommendations regarding Independent Parties Nomination Committee within the scope of responsibility for:
who will become members of the Audit Committee and 1. Obtaining various information needed for the implementation
members of the Risk Monitoring Committee. of the Nomination and Remuneration function from various
h. Assist the Board of Commissioners in compiling and parties, both internal and external to the bank.
analyzing dismissal criteria for the Board of Commissioners 2. Obtaining the advice or input needed in the context of
and Directors. the implementation of the Nomination and Remuneration
i. Assist the Board of Commissioners in monitoring the function from both internal and external parties of the bank.
implementation and analysis of selection criteria and
procedures for bank executive candidates.Bank. Term of Office of the Remuneration and Nomination
j. In carrying out the Nomination function, the Remuneration Committee
and Nomination Committee must carry out the following
procedures: The term of service of the Remuneration and Nomination
• Compile the composition and process of nomination Committee may not be longer than the term of office of the Board
of members of the Board of Directors and/or of Commissioners as stipulated in the Articles of Association and
members of the Board of Commissioners. may be re-elected only for the next 1 (one) period.
• Formulate policies and criteria needed in the process
of nominating candidates for members of the
Structure, Membership and Expertise of The Remuneration and Nomination Committee
Structure, Membership and Expertise of the Remuneration and Nomination Committee Period January 1, 2023 - April 2023
Name Position Determination Decree Information Expertise
Muhammad Mas’ud Chairman Decree of the Board of Directors Independent Commissioner Economic
Number 061/036/DIR/HCP/
Suprajarto Member KEP concerning Changes in the Independent Commissioner Economic
Composition of the Committees of
Candra Fajri Ananda Member PT Bank Pembangunan Daerah Jawa Commissioner Economic
Timur Tbk. 2022-2023 period
Sumaryono Member Independent Commissioner Economic
Haru Tjahjono* Member Commissioner Economic
Revi Adiana S** Member Ex-Officio Member (HC Division Leader) Economic
* Term of office ends as of the 2022 Fiscal Year Annual GMS on April 12, 2023
** The term of office ends on December 28, 2023
PT Bank Pembangunan Daerah Jawa Timur Tbk
402 Annual Report 2023
Page 405
CORPORATE
GOVERNANCE
Structure, Membership and Expertise of the Remuneration and Nomination Committee for the Period April 2023 -
31 December 2023
Name Position Determination Decree Information Expertise
Muhammad Mas’ud Chairman Decree of the Board of Directors Independent Commissioner Economic
Number 061/036/DIR/HCP/
Suprajarto Member KEP concerning Changes in the President Com-missioner Economic
Composition of the Committees of
Candra Fajri Ananda Member PT Bank Pembangunan Daerah Jawa Independent Commissioner Economic
Timur Tbk. 2022-2023 period
Sumaryono Member Independent Commissioner Economic
Adhy Karyono* Member Board of Directors Decree Number Commissioner Economic
062/105/DIR/HCP/KEP concerning
Slamet Purwanto** Member Changes to the Composition of the Ex-Officio Member (HC Division Leader) Computer
Committee of PT Bank Pembangunan
Daerah Jawa Timur Tbk for the Period
2022 - 2023
*The term of office is effective from the date of passing the OJK UKK on November 24, 2023
**The term of office starts from December 28, 2023
Profile of The Remuneration and Nomination Committee
The profile of the Remuneration and Nomination Committee as of December 31, 2023 is as follows.
Muhammad Mas’ud
Chairman concurrently Member of Remuneration and Nomination Committee
His profile can be seen in the Profile of the Board of Commissioners in this Annual Report.
Suprajarto
Member of Remuneration and Nomination Committee
His profile can be seen in the Profile of the Board of Commissioners in this Annual Report.
Candra Fajri Ananda
Member of Remuneration and Nomination Committee
His profile can be seen in the Profile of the Board of Commissioners in this Annual Report.
Sumaryono
Member of Remuneration and Nomination Committee
His profile can be seen in the Profile of the Board of Commissioners in this Annual Report.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 403
Page 406
Slamet Purwanto
Member of the Remuneration and Nomination Committee (Ex-officio)
Citizenship : Indonesian citizen
Domicile : Surabaya
Tempat dan : Born in Surabaya in 1979. Age 44 years as of 2023.
Tanggal Lahir/Usia
Educational : • Bachelor of Computer Science at the College of Information
background Management and Com-puter Engineering (STIKOM) (2004)
• Master of Management from the National Development University
“Veteran” East Java (2016)
Work experience : Joined Bank Jatim in 2007. Before occupying his current position, he
served as Senior Analyst in the Human Capital Division (2015), Head of
Investor Relations Corporate Secre-tary Sub. Division (2015), Head of
Human Capital Development Sub. Division (2020), Head of Human Capital
Policy & Development Sub. Division (2020), Head of Learning Center Sub.
Division (2021), AVP Learning Center (2023).
Certification • Level 1 Risk Management Certification
• Level 2 Risk Management Certification
• Level 3 Risk Management Certification
• Level 4 Risk Management Certification
• Refreshment of Risk Management Certification
Legal Basis of : Since July 2023 he has served as Pjs. Vice President of the Human
Appointment Capital Division based on Directors’ Decree No. 062/055/DIR/HCP/
KEP dated July 5, 2023.
Period of Service Period I
Length of service July 5, 2023 – present
Double function None
Qualification of Educational and Work Experience of The Remuneration and Nomination Committee
Table of Qualification of Educational and Work Experience of The Remuneration and Nomination Committee
Nama Jabatan Pendidikan Pengalaman Kerja
Muhammad Mas’ud Chairman Bachelor in Public Administration Master in Having work experience, among others in the
Management Doctor (Ph.D) in School of Political fields of finance, political science and economics
and International Studies
Suprajarto Member Bachelor in Economics Postgraduate in Having work experience, among others, in
Marketing Management Doctor in the field of finance, banking
Business Management
Candra Fajri Member Bachelor in Economics and Development Studies Having work experience, among others, in the
Ananda Master Degree (MSc.) in Rural Development fields of finance, research, international relations,
Doctor Degree (DR) in the field of Rural economics and banking supervision
Development
Sumaryono Member Bachelor in Business Administration Science Having work experience, among others, in
finance, banking
Adhy Karyono Member Bachelor in Social and Political Sci-ences Having work experience in the government
Master in Public Administration (Apparatus sector
Resource Management)
Slamet Purwanto Ex-officio member Bachelor in Computer Science Master of Having work experience, among others in
Management banking and Human Resources
PT Bank Pembangunan Daerah Jawa Timur Tbk
404 Annual Report 2023
Page 407
CORPORATE
GOVERNANCE
Independence of The Nomination and Remuneration Committee
The Remuneration and Nomination Committee carries out its duties, responsibilities and authority professionally and independently,
without interference from any party that is not in accordance with the laws and regulations. Members of the Remuneration and
Nomination Committee have fulfilled all the independence criteria and are able to carry out their duties independently, uphold the
interests of the Bank and cannot be influenced by any party. This can be seen from the majority of Commissioners who are members
of the Remuneration and Nomination Committee who are Independent Commissioners.
Table of Independence of the Remuneration and Nomination Committee
Aspek Heru Adhy Revi Slamet Moch.
M. Mas’ud Candra Fajri Suprajarto Sumaryono
Independensi Tjahjono Karyono* AdianaS** Purwanto*** Arifin**
Has no financial
relationship with
the Board of
Commissioners
and the Board of
Directors
Does not have
a management
relationship in
the company,
subsidiary, or
affiliated company
Does not have a
share ownership
relationship in the
company
Does not have a
family relationship
with the Board of
Commissioners,
Board of Directors,
and/or fellow
members of the
Nomination and
Remuneration
Committee
Do not serve as
administrators of
political parties,
officials and
government
* The term of office is effective from the date of passing the OJK UKK on November 24, 2023
**The term of office ends on December 28, 2023
***The term of office starts from December 28, 2023
Meeting of The Nomination and Remuneration Committee
NOMINATION AND REMUNERATION COMMITTEE MEETING POLICY
Remuneration and Nomination Committee meetings are held periodically at least 1 (one) time in 4 (four) months. Remuneration
and Nomination Committee meetings can only be held if presented by a majority of the total members of the Remuneration and
Nomination Committee and one of the majority of the members of the Remuneration and Nomination Committee is the Chairman
of the Remuneration and Nomination Committee.
MEETING AGENDA OF THE NOMINATION AND REMUNERATION COMMITTEE
Table of Agenda for the Remuneration and Nomination Committee Meeting
No. Date of Meeting Meeting Agenda Meeting Participants
1 April 5, 2023 Providing holiday allowances for the management of PT Bank Pembangunan Muhammad Mas’ud
Daerah Jawa Timur Tbk. (Remuneration) Suprajarto
Heru Tjahjono
Candra Fajri Ananda
Sumaryono
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 405
Page 408
No. Date of Meeting Meeting Agenda Meeting Participants
2 April 10, 2023 Recommendations for Candidates for Bank Jatim Management (Nomination) Muhammad Mas’ud
Suprajarto
Candra Fajri Ananda
Sumaryono
3 April 26, 2023 1. Technical Instructions on Calculating Tantiem and other Benefits for Bank Muhammad Mas’ud
Jatim Management. (Remuneration) Suprajarto
2. The Discussion of Key Performance Indicator (KPI) Data for Bank Jatim Candra Fajri Ananda
Management in 2022. Sumaryono
4 June 23, 2023 1. Koreno’s Evaluation and Recommendations for Bank Jatim Management Muhammad Mas’ud
Candidates who will carry out the OJK Fit & Proper Test. (Nomination) Suprajarto
2. The Proposal of Remuneration for the Sharia Supervisory Board; (Remuneration) Candra Fajri Ananda
3. Directors’ proposal regarding the replace-ment of the Head of the Internal Sumaryono
Audit Divi-sion & Corporate Secretary. (Nomination)
5 August 18, 2023 1. The Proposal of Temporary Replacement Director of Compliance. (Nomination) Muhammad Mas’ud
2. The Composition of the Remuneration and Nomination Committee Suprajarto
membership. Candra Fajri Ananda
3. Review KPI of the Board of Commissioners. Sumaryono
6. December 28, 2023 1. The Discussion on Providing Variable Compensation End of 2023 for Muhammad Mas’ud
Management, Supervisory Board and Committees (Remuneration) Candra Fajri Ananda
Sumaryono
FREQUENCY AND ATTENDANCE LEVEL OF MEETING OF NOMINATION AND REMUNERATION COMMITTEE
Table of Attendance Level of Remuneration and Nomination Committee Meetings
Remuneration and Nomination Committee Meeting
Attendance Number and Percentage
Name Position
Number of
Number of Meetings Percentage
Attendance
Muhammad Mas’ud Chairman 6 6 100%
Suprajarto Member 6 5 83%
Candra Fajri Ananda Member 6 5 83%
Sumaryono Member 6 6 100%
Adhy Karyono* Member - - -
Revi Adiana S** Ex-officio member
Slamet Purwanto*** Ex-officio member - - -
* The term of office is effective from the date of passing the OJK UKK on November 24, 2023
**The term of office ends on December 28, 2023
***The term of office starts from December 28, 2023
Remuneration and Nomination Committee Competency Improvement Program
Types of Training and
Time and place
Name Position Development Materials Organizer
Implementation
Competence/Training
Muhammad Chairman Education and/or Competency Improvement can be seen in the Education and/ or Competency
Mas’ud Improvement section for the Board of Commissioners
Suprajarto Member Education and/or Competency Improvement can be seen in the Education and/ or Competency
Improvement section for the Board of Commissioners
Candra Fajri Member Education and/or Competency Improvement can be seen in the Education and/ or Competency
Ananda Improvement section for the Board of Commissioners
PT Bank Pembangunan Daerah Jawa Timur Tbk
406 Annual Report 2023
Page 409
CORPORATE
GOVERNANCE
Types of Training and
Time and place
Name Position Development Materials Organizer
Implementation
Competence/Training
Sumaryono Member Education and/or Competency Improvement can be seen in the Education and/ or Competency
Improvement section for the Board of Commissioners
Adhy Karyono Member Education and/or Competency Improvement can be seen in the Education and/ or Competency
Improvement section for the Board of Commissioners
Slamet Purwanto Ex-officio member Corporate Value Internalization Surabaya, January 14, 2023 Kubik Leadership
for culture Leaders
Learning Management System Bandung, March 15, 2023 PT Bangun Kapasitas
& E-Learning Application
training
Risk Management Certification Surabaya, May 12, 2023 TD Consulting
Refreshment Program
Greeting and Sharing “Culture Surabaya, October 18, 2023 Internal Bank Jatim
Transformation With Growth
Mindset “ by Ignasius Jonan
Remuneration and Nomination Committee Income
No Description Non-Commissioner Member
1 Salary / Honorarium Receive an honorarium of 12,5% of the President Director’s Salary
2 Post-Position Compensation Not Given
3 Holiday allowance In accordance with the applicable provisions for the Board of
Commissioners or Permanent Employees of the Bank
4 Bonus / Tantiem In accordance with the provisions that apply to Permanent Employees
of the Bank
5 Fasilitas:
a. Transportation Allowance Not Given
b. Health In accordance with the applicable provisions for the Board of
Commissioners or Permanent Employees of the Bank
c. Official travel In accordance with the applicable provisions for the Board of
Commissioners or Permanent Employees of the Bank
Work Program and Implementation of Duties of The Remuneration and Nomination Committee In 2023
REMUNERATION AND NOMINATION COMMITTEE WORK PROGRAM
1. Evaluate and provide recommendations regarding System 4. Assist in the evaluation of the performance of the
policies and Procedures for Selection and/or Replacement Company’s Management
of Members of the Board of Commissioners and Members 5. Develop the structure and policies for the Remuneration of
of the Board of Directors to be submitted to the GMS. the Company’s Management (Board of Commissioners and
2. Evaluate and provide recommendations regarding the Directors).
criteria and qualifications required in the nomination 6. Arrange the amount of remuneration for members of the
process for the Board of Commissioners and Directors in Board of Directors and/or the Board of Commissioners
accordance with the Bank’s strategic plan. 7. Carry out Remuneration and Nomination Committee Meetings
3. Evaluate and recommend candidates who meet the and Coordination Meetings with other related parties
requirements as members of the Board of Directors and/
or members of the Board of Commissioners to the Board of DUTIES OF THE REMUNERATION AND NOMINATION
Commissioners to be submitted to the GMS.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 407
Page 410
COMMITTEE 3. Articles of Association regarding the duties and authorities
1. The Remuneration & Nomination Committee carried out of the Board of Commissioners and their amendments
the process of nominating several vacant management
positions, including those for prospective members of the Charter of Risk Monitoring Committee
Board of Directors.
2. The Remuneration and Nomination Committee carried In carrying out its duties and responsibilities, the Risk Monitoring
out the selection process for accepting candidates for Committee had a Risk Monitoring Committee Charter as
Commissioners and Directors of Bank Jatim together with contained in the Decree of the Board of Commissioners Number
the Selection Committee formed through administrative 061/05/DKM/KEP dated June 28, 2022, which regulated:
selection to assessment with a third party (independent). 1. Legal Basis
3. The Remuneration and Nomination Committee also 2. General Purpose
provided recommendations/considerations to the Board 3. Membership Structure
of Commissioners in determining the third party to be 4. Membership Requirements
appointed as the agency implementing the assessment 5. Duties and Responsibilities
in the process of selecting candidates for members of the 6. Authority
Commissioners and Directors of Bank Jatim. 7. Risk Monitoring Committee Meetings
4. The Remuneration and Nomination Committee provided 8. Term of Office of Risk Monitoring Committee Members
an assessment/evaluation of each candidate for the Board 9. Reporting
of Directors which was agreed upon to be recommended
to the Board of Commissioners for the fit and proper test Duties and Responsibilities of The Risk Monitoring
by the Financial Services Authority. Committee
5. In addition, in terms of remuneration activities, the
Remuneration and Nomination Committee also reviewed the The Risk Monitoring Committee performed the task of
Guidelines for Implementing Governance in Remuneration monitoring and evaluating the conformity between risk
for management and their facilities, which could then be management policies and the implementation of Bank policies,
stipulated in a Board of Commissioners decision letter. as well as implementing the work plans and duties of the Risk
6. The Remuneration and Nomination Committee also Management Committee and the Risk Management Work
held several coordination meetings regarding the Unit (SKMR), to provide recommendations to the Board of
implementation of additional income during 2023. Commissioners to ensure that the Bank had managed risks in
an effective adequate manner.
Board of Directors’ Success Policy
In carrying out its functions, the Risk Monitoring Committee has
Remuneration and Nomination Committee has assisted the duties and responsibilities including:
Board of Commissioners in the Directors Succession program in 1. Monitor and review the adequacy of the Bank’s internal
accordance with policy. The Board of Directors succession policy control as a whole including compliance with good
had been presented in the Nomination and Remuneration Sub corporate governance policies.
Title for the Board of Commissioners and Directors Chapter of 2. Monitor and prepare reports on the implementation of
Corporate Governance in this Annual Report. good corporate governance with the contents and scope
of at least according to the applicable regulations.
Risk Monitoring Committee 3. Monitor and evaluate the Bank’s compliance with the
Articles of Association and laws and regulations related to
The Risk Monitoring Committee is tasked with assisting the risk management.
implementation of the supervisory and coaching functions by the 4. Monitor and evaluate reports on the implementation
Board of Commissioners for executives (Directors and their staff) of good corporate governance that reflect the actual
in the area of risk management implementation so that it can be condition of the Bank or according to the results of the
carried out effectively, both regarding issues of risk management Bank’s self-assessment.
and the internal control system as well as anticipatory steps 5. Monitor and evaluate the composite value and predicate
taken by the Board of Directors. in risk management. of self-assessment results to the public through Published
Financial Reports in the nearest period.
Basic for The Establishment of The Risk Monitoring 6. Deliver a complete revision of the results of the Bank’s Good
Committee Corporate Governance self-assessment to the regulator.
7. Review financial and non-financial information regarding
The establishment of the Risk Monitoring Committee is based the Bank, business plans or work plans and bank budgets,
on the following regulations: management reports and other information related to risk
1. POJK No. 55/POJK.03/2016 concerning Implementation management.
of Tata Manage Commercial Banks and has been updated 8. Conduct regular meetings with related work units to discuss
to POJK 17 2023 concerning the Implementation of matters within the scope of the Committee’s assignments,
Governance for Banks General, September 14, 2023. and report and provide input on matters that need to be
2. OJK Regulation No. 17/POJK.03/2014 dated November brought to the attention of the Board of Commissioners.
18, 2014 concerning the Implementation of Integrated Risk 9. Prepare guidelines and work procedures for the Committee
Management for Financial Conglomerates. (charter) and conduct reviews as needed at least once every
3 (three) years, and make a self-assessment regarding the
effectiveness of the Risk Monitoring Committee’s activities.
PT Bank Pembangunan Daerah Jawa Timur Tbk
408 Annual Report 2023
Page 411
CORPORATE
GOVERNANCE
Authority of Risk Monitoring Committee 4. Collaborate with the Risk Management Committee, SKMR,
Compliance Work Unit (SKK), Legal Work Unit (SKL),
The Risk Monitoring Committee is authorized by the Board of Information Technology Work Unit (SKTI) and other work
Commissioners to: units related to the Committee’s duties.
1. Conduct a full, free and unlimited access to Bank records
related to the implementation of the duties of the Risk Term of Office of the Risk Monitoring Committee
Monitoring Committee.
2. Communicating with the Head of Work Unit and other The term of office of the Risk Monitoring Committee may not be
parties at the Bank to obtain information, clarification and longer than the term of office of the Board of Commissioners as
request documents and reports needed. stipulated in the articles of association and may be re-elected
3. Obtain input or suggestions from external banking only for the next 1 (one) period.
professionals related to the duties of the Risk Monitoring
Committee.
Structure, Membership, and Expertise of Risk Monitoring Committee
Table of Structure, Membership and Expertise of the Risk Monitoring Committee Period January 1, 2023 –
December 28, 2023
Name Position Determination Decree Information Expertise
Candra Fajri Ananda* Chairman Decree of the Board of Directors Number Independent Economic
061/200/DIR/HCP/KEP concerning Changes in Commissioner
the Composition of the Committees of PT Bank
Muhammad Mas’ud Member Pembangunan Daerah Jawa Timur Tbk Independent State Administration
Commissioner
Sumaryono Member Independent State Administration
Commissioner
Sulam Andjar Rochim Member Independent Party Economic
Moch. Arifin* Member Independent Party Law
Note:
*The term of office ends on December 28, 2023
Table of Structure, Membership and Expertise of the Risk Monitoring Committee Period December 29, 2023 –
December 31, 2023
Name Position Determination Decree Information Expertise
Sumaryono Chairman Board of Directors Decree Num-ber 062/105/ Independent Commissioner State Administration
DIR/HCP/KEP con-cerning the Composition
Muhammad Mas’ud Member of the Committee of PT Bank Pem-bangunan Independent Commissioner State Administration
Daerah Jawa Timur Tbk
Sulam Andjar Rochim Member Independent Party Economic
Profile of The Risk Monitoring Committee
The profile of the Risk Monitoring Committee as of December 31, 2023 is as follows.
Sumaryono
Chairman concurrently Member of Risk Monitoring Committee
His profile can be seen in the Profile of the Board of Commissioners in this Annual Report.
Muhammad Mas’ud
Member of Risk Monitoring Committee
His profile can be seen in the Profile of the Board of Commissioners in this Annual Report.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 409
Page 412
Sulam Andjar Rochim
Member of Risk Monitoring Committee
Citizenship : Indonesian citizens
Domicile : Malang
Place and Date of : Pasuruan, October 3, 1962/ 61 years old as of December 31, 2023
Birth/Age
Educational : • Brawijaya University Malang, Diploma Program Corporate Expert
background Education Program (currently Vocational Program, Faculty of
Economics and Business) (1985)
• Gajayana University Malang (1990)
• Center for Management and Applied Technology Development
(PPMTT) Malang – Master of Business in Administration Program
(1992)
Work experience : • Branch Manager in Bangkalan (2010 - 2011)
• Branch Manager in Jakarta (2011 - 2012)
• Head of Asset Liability Management and Financial Institution Sub
Division in the Treasury Division (2012 - 2015)
• Sub Division Leader in the Strategic Planning Division (2015 - 2016)
• Temporary Head of Strategic Planning Division (2016 - 2017)
• Head of Internal Communications Sub Division at Corporate Secretary
(2017 - 2020)
• Leader of the Anti-Money Laundering and Prevention of Terrorism
Financing (AML-CFT) Sub-Division in the Compliance and Governance
Division
• Chair of the Team for Restructuring the Company Manual PT Bank
Pembangunan Daerah Jawa Timur Tbk (2020 - 2021)
Certification • Basic Knowledge Certification in the Pension Fund Sector –
Certification Institute Pension Fund Professional (LSPDP)
• Level 3 Risk Management Certification - Risk Management
Certification Body (BSMR)
• Level 2 Risk Management Certification - Risk Management
Certification Body (BSMR)
• Level 1 Risk Management Certification - Risk Management
Certification Body (BSMR)
Legal Basis of : Directors’ Decree Number 060/270/DIR/HCP/KEP
Appointment
Period of Service Period I
Length of service 2021 – 2025
Concurrent Position Main Commissioner of BPRS Mojo Artho Mojokerto City (Perseroda)
period (2021-present)
Education Qualification and Work Experience of The Risk Monitoring Committee
Table of Education Qualification and Work Experience of the Risk Monitoring Committee
Name Position Education Work experience
Sumaryono Chairman Bachelor in Business Administration, Brawijaya Having work experience in
University banking
Muhammad Mas’ud Member Bachelor in Public Administration Having work experience, among
Master in Management others in the fields of finance,
Doctor (Ph.D) in the School of Political and political science and economics
International Studies
Sulam Andjar Rochim Member Bachelor in Accounting Economics Having work experience in
Master of Business in Administration banking
PT Bank Pembangunan Daerah Jawa Timur Tbk
410 Annual Report 2023
Page 413
CORPORATE
GOVERNANCE
Independence of The Risk Monitoring Committee criteria and is able to carry out its duties independently, uphold
the interests of the Bank and cannot be influenced by any party.
The Risk Monitoring Committee carries out its duties, This can be seen from the membership consisting of 1 (one)
responsibilities and authorities in a professional and Head of Committee who is an Independent Commissioner, 2
independent manner without interference from any party that (two) members who are Independent Commissioners and 2
is not in accordance with the laws and regulations. Member of (two) non-Commissioner member from an Independent Party.
the Risk Monitoring Committee has fulfilled all independence
Table of Independence of the Risk Monitoring Committee
Sulam
Candra Fajri Muhammad Moch.
Aspek Independensi Sumaryono** Syafruddin Andjar
Ananda* Mas’ud Arifin***
Rochim
Has no financial relationship with
the Board of Commissioners and the
Board of Directors
Does not have a management
relationship in the company,
subsidiary, or affiliated company
Does not have a share ownership
relationship in the company
Does not have a family relationship
with the Board of Commissioners,
Board of Directors, and/or fellow
members of the Audit Committee
Do not serve as administrators
of political parties, officials and
government
* Resigned from office on December 28, 2023
** Appointed as Chair of the Risk Monitoring Committee since December 28, 2023
*** Resigned from office on December 28, 2023
Risk Monitoring Committee Meeting
RISK MONITORING COMMITTEE MEETING POLICY
Implementation and procedures for the Risk Monitoring Committee meeting were as follows:
1. Committee meetings were held as follows: b. in the event that a decision is made by voting with
a. according to the needs of the Bank and or at least 1 an equal number of votes, then the decision is made
(one) time in 3 (three) months; based on the majority vote; And
b. can only be carried out if attended by at least 51% (fifty c. dissenting opinion that occurs at the Committee
one percent) of the total members of the Committee Meeting must be clearly stated in the minutes of the
including 1 (one) Independent Commissioner and 1 meeting along with the reasons for the dissent.
(one) Independent Party non-Commissioner; 3. Committee meetings were set forth in the Minutes of
c. chaired by the Committee Chair or a Committee Meeting, which are signed by all Committee members
member from an Independent Commissioner if the present and submitted to the Board of Commissioners.
Committee Chair is unable to attend; And 4. The attendance of Committee members at meetings was
d. can invite SKMR, SKK, SKL, SKTI as well as other work reported in the Committee’s quarterly report and annual
units and other parties needed as resource persons for report in the Annual Report on Corporate Governance.
discussion.
2. Committee meeting decisions are made based on:
a. consensus deliberation, and in the event that consensus
deliberation does not occur, the decision is made
based on the majority of votes;
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 411
Page 414
MEETING AGENDA OF RISK MONITORING COMMITTEE
Throughout 2023, the implementation date, agenda and Meeting Participants of the Risk Monitoring Committee are as follows.
Table of Meeting Agenda of the Risk Monitoring Committee
Meeting
No. Meeting Date Meeting agenda
Participants
1 February 7, 2023 The discussion includes: Candra Fajri Ananda
1. Profile of employees who committed fraud for the 2022 period Sumaryono
2. Progress in the resolution of the Occupational Punish-ment Committee (KBHJ) Sulam Andjar Rochim
regarding unresolved fraud cases Moch. Arifin
2 February 24, 2023 The discussion includes: Candra Fajri Ananda
1. Development of Bank Jatim’s NPL Muhammad Mas’ud
2. Quarter I NPL Projection Sumaryono
3. Decrease in Credit Quality for the January 2023 Period Sulam Andjar Rochim
4. Extracomtable data for the period January 2023 Moch. Arifin
3 February 24, 2023 Board of Commissioners Supervision Report to Controlling Shareholders for the 2022 Candra Fajri Ananda
period Sulam Andjar Rochim
Moch. Arifin
4 March 29, 2023 The discussion includes: Candra Fajri Ananda
1. Overview of Risk Profile for December 2022 Period Muhammad Mas’ud
2. Credit Risk Profile for the February 2023 Period Sumaryono
3. Expected Credit Loss Coverage (ECL) for Non-Performing Loans (NPL) for the period Sulam Andjar Rochim
February 2023 Moch. Arifin
5 August 7, 2023 Performance Evaluation Meeting with the Risk Management Directorate Candra Fajri Ananda
Muhammad Mas’ud
Sumaryono
Sulam Andjar Rochim
Moch. Arifin
6 August 7, 2023 Progress Meeting on Resolving Several Legal Issues with the Compliance Directorate Candra Fajri Ananda
Muhammad Mas’ud
Sumaryono
Sulam Andjar Rochim
Moch. Arifin
7 November 7, 2023 The Discussion of Risk Profile and Legal Risk Mitigation for Fraud Cases with Significant Candra Fajri Ananda
Values that have not been or have been handled by Law Enforcement Officials (APH) Sumaryono
Sulam Andjar Rochim
Moch. Arifin
8 December 28, 2023 The Discussion of the latest Risk Profile and Credit Risk miti-gation for Large Exposure Candra Fajri Ananda
Debtors Muhammad Mas’ud
Sumaryono
Sulam Andjar Rochim
Moch. Arifin
FREQUENCY AND ATTENDANCE 0F RISK MONITORING COMMITTEE MEETINGS
During 2023, the Risk Monitoring Committee has held 8 (eight) meetings. The attendance rate of each member of the Risk Monitoring
Committee is as follows.
Table of Attendance at Risk Monitoring Committee Meetings
Risk Monitoring Committee Meeting
Attendance Number and Percentage
Name Position
Number of Number of
Percentage
Meetings Attendance
Candra Fajri Ananda* Chairman 8 8 100%
Sumaryono** Chairman 8 7 87,5%
Muhammad Mas’ud Member 8 5 62,5%
Sulam Andjar Rochim Member 8 8 100%
Moch. Arifin*** Member 8 8 100%
*Resigned from office on December 28, 2023
**Appointed as Chair of the Risk Monitoring Committee since December 28 ,2023
***Resigned from office on December 28, 2023
PT Bank Pembangunan Daerah Jawa Timur Tbk
412 Annual Report 2023
Page 415
CORPORATE
GOVERNANCE
Risk Monitoring Committee Competence Improvement Program
Types of Training and Competency Implementation Time
Name Position Organizer
Development/ Training Materials and Place
Candra Fajri Education and/or Competency Improvement can be seen in the Education and/ or Competency
Chairman
Ananda* Improvement section for the Board of Commissioners
Sumaryono** Education and/or Competency Improvement can be seen in the Education and/ or Competency
Chairman Improvement section for the Board of Commissioners
Muhammad Mas’ud Education and/or Competency Improvement can be seen in the Education and/ or Competency
Member Improvement section for the Board of Commissioners
Sulam Andjar The Special Batch of Corporate Governance- Yogyakarta, July 26 – 28, Indonesian Institude
Rochim Leadership Program Sustainability for Long- 2023 Corporate Directorship
Term Value Creation and ASEAN CG Scorcard (IICD)
National Economy Outlook 2024 Seminar on Surabaya, November 16, FKDK – BPDSI
Member the Development of the Digital Economy 2023
National Seminar on Beware of Cyber Crime Surabaya, November 16, FKDK – BPDSI
Threats in the Midst of Digital Banking 2023
Transformation Efforts.
Moch. Arifin*** Pendidikan dan/atau Peningkatan Kompetensi dapat dilihat pada bagian Program Peningkatan Kompetensi
Member Komite Audit
* Resigned from office on December 28, 2023
** Appointed as Chair of the Risk Monitoring Committee since December 28, 2023
*** Resigned from office on December 28, 2023
Risk Monitoring Committee Income
No Description Non-Commissioner Member
1 Salary / Honorarium Receive an honorarium of 12,5% of the President Director’s Salary
2 Post-Position Compensation Not Given
3 In accordance with the applicable provisions for the Board of Commissioners or Permanent
Holiday allowance Employees of the Bank
4 Bonus / Tantiem In accordance with the provisions that apply to Permanent Employees of the Bank
5 Facility:
a. Transportation Allowance Not Given
In accordance with the provisions that apply to the Board of Commissioners or Permanent
b. Health Employees of the Bank
In accordance with the provisions that apply to the Board of Commissioners or Permanent
c. Official travel Employees of the Bank
Work Program and Implementation of Duties of The Risk Monitoring Committee In 2023
RISK MONITORING COMMITTEE WORK PROGRAM FOR 2023
The Risk Monitoring Committee developed a work program in 2023, including the following:
Quarter I Quarter II
• Monitoring and Evaluation of the Bank’s Risk Profile (PRB) • Monitoring and Evaluation of the Bank’s Risk Profile (PRB)
Quarterly. Quarterly.
• Monitoring and Evaluation of Quarterly Bank Soundness • Monitoring and Evaluation of Quarterly Bank Soundness
Level (TKB) achievemen. Level (TKB) achievements.
• Monitoring and Evaluation of the implementation of the • Monitoring and Evaluation of the adequacy of risk
duties of the Risk Management Work Unit (SKMR) and the management identification, measurement, monitoring and
Risk Management Committee (Komenko). control processes.
• Evaluation of conformity between the Risk Management • Monitoring of large exposure debtors above IDR100 billion.
Policy (KMR) and the implementation of Bank policies. • Monitoring the compliance function and the implementation
• Monitoring and evaluating the implementation of Good of the compliance system, as well as reviewing reports on
Corporate Governance (GCG) principles.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 413
Page 416
the implementation of the compliance function and the c. Evaluation of Monitoring Constraints and Achievement
implementation of the duties of the Compliance Director. of Bank Soundness Level (TKB).
2. The working relationship of the Risk Monitoring Committee
Quarter III with the Directorate and Work Unit at the Head Office
• Monitoring and Evaluation of the Bank’s Risk Profile (PRB) includes:
Quarterly. a. Interactive discussion with 3(three) Directorates
• Monitoring and Evaluation of Quarterly Bank Soundness related to Legal risk mitigation, Compliance with the
Level (TKB) achievements. procurement process and finalization of the draft of
• Monitoring and Evaluation of the implementation of the Activity and Produc Policy Credit or Financing (KPA
duties of the Risk Management Work Unit (SKMR) and the PAP).
Risk Management Committee (Komenko). b. Working Visit in 7 (seven) division-level work units at
• Monitoring and Evaluation of the implementation of the the Head Office in order to strengthen the second
principles of Good Corporate Governance (GCG). line at the Head Office and determine alternative risk
• Monitoring of large exposure debtors above IDR100 billion mitigation, especially credit risks, operational risks,
• Monitoring and Evaluation of contingency plans in the legal risk and strategic risks.
Business Continuity Management System (BCMS). c. Sharing moment with related Work Units at the Head
• Review and Update of the Company’s Handbook (BPP) Office to discuss and provide views and find alternative
including Anti-Money Laundering and Prevention of solutions related to mitigating legal risks, reputation
Terrorism Financing Product Policy (KPA AML-CFT). risks and strategic risks.
3. Assisting the Board of Commissioners in carrying out Active
Quarter IV Supervision by making visits to Branch Offices identified as
• Monitoring and Evaluation of the Bank’s Risk Profile (PRB) having a moderate or lower risk profile:
Quarterly. a. Working Visit at 6 (six) Branch Offices that have a
• Monitoring and Evaluation of Quarterly Bank Soundness moderate to lower Risk Profile including Credit,
Level (TKB) achievements. Operational and Legal Risks;
• Review Corplan, Information Technology Strategic Plan b. Socializing Security Awareness Improvement and
(ITSP) and Bank’s Business Plan (BBP) before being Internal Control Strengthening to strengthen the
approved by the Board of Commissioners. second line in the apllication of the three line of
• Review and Update of the Company’s Manual (BPP) covering defense concept, as well as building a risk culture in
Activity and Product Policy (KPA) Credit or Financing (PAP), the Branch Office Network; and
KPA dan Standart Operating Procedure (SOP) for Capital c. Interactive discussions with fraudsters and branch
Participation. officials regarding alternative risk mitigation options.
4. Conducting review and providing opinions and
RISK MONITORING COMMITTEE WORK PROGRAM BRIEF recommendations to the Board of Commissioners
REPORT IN 2023 regarding issues of risk management implementation in
The Risk Monitoring Committee carried out its duties and all activities and products that have the potential to cause
responsibilities properly, referring to POJK No. 17 Year 2023, losses to the Bank.
concerning Implementation of Governance for Commercial 5. Coordinating with the Audit Committee in order to:
Banks and referring to the BPP Committee of the Board of a. Monitoring and evaluation of the Bank’s Soundness
Commissioners and the Risk Monitoring Committee Charter Level (TKB).
of Bank Jatim. The implememtation of the Risk Monitoring b. Discussing Standart Level Agreement (SLA) Punishment
Committee work program during the 2023 period can be Process for Fraud Perpetrators
breifly reported as follows: c. Evaluating functions and implementation of tasks in the
1. Conducting discussions in meetings with the Risk internal control unit of the Branch Office.
Management Work Unit (SKMR), Compliance Work Unit d. Revitalizing the function of the Anti-Fraud Strategy
(SKK), Legal Work Unit (SKL), and work units that carry out (SAF) and updating the SAF Operational Standards and
the function of providing large exposure loan covering: Procedures SOP).
a. Monitoring and Evaluation of the Bank’s Risk Profile, e. Evaluating the implementation of SAF on conflict of
especially against the moderate to below risk profile interest handling and gratification control, tranparency
to identify, measure the potetioal losses and determine of financial and non-financial information, and
the risk mitigation. integration of the Bank’s strategic plan.
b. Follow-up Evaluation of Risk Management Committee
decisions, as well as implementation of risk
management policies on all activities and products of
the Bank.
PT Bank Pembangunan Daerah Jawa Timur Tbk
414 Annual Report 2023
Page 417
CORPORATE
GOVERNANCE
Organ and Committee Under The Board of Directors
Corporate Secretary
Structure of The Corporate Secretary
VP
Corporate Secretary
AVP AVP Corporate AVP Investor
Secretariat Communications Management
Group Supervisor Supervisor Supervisor Supervisor
Secretariat of the Supervisor Supervisor
External Internal Corporate Social Analyst & Investor
Board of Secretariat Protocol
Communications Communications Responsibility Relations
Commissioners
External Internal Staff
Secretarial Protocol
Communications Communications Corporate Social
Staff Staff Staff Staff Responsibility
Marketing
Investor Analysis
and Investor
and Intelligence
Communications
Staff
Staff
Functions, Duties and Responsibilities of The Corporate Secretary
The Corporate Secretary has duties and responsibilities, among 3. Assist the Board of Directors and Board of Commissioners
others: in implementing corporate governance which includes:
1. Developing the Bank’s mission - Disclosure of information to the public, including the
2. Mediators with Stakeholders such as regulators, investors availability of information on the company’s website
and the public - Submission of reports to the Financial Services
3. Maintaining the Bank’s image as well Authority on time
4. Provide information disclosure. - Implementation and documentation of the General
Meeting of Shareholders
The Corporate Secretary of Bank Jatim has access to material - Organization and documentation of the Directors and/
and relevant information relating to the Company relating to or Board of Commissioners meetings; and
information disclosure issues. Bank Jatim’s Corporate Secretary - Implementation of orientation programs for Directors
is in charge of 3 (three) Subdivisons, namely Secretarial and/or Board of Commissioners.
Subdivision, Corporate Communication Subdivision and 4. Serve as a liaison between the Issuer or Public Company
Investor Management Subdivision. and the shareholders of the Issuer or Public Company, the
Financial Services Authority, and other stakeholders.
In carrying out its duties, the Corporate Secretary has the duties 5. Evaluate every information to be submitted externally and
and responsibilities to: ensure the image and reputation of the Bank is maintained.
1. Follow the development of regulations and legislation in 6. Build and maintain a good image for the Bank to support
force in the Capital Market field. and maintain the value of the company so that it always
2. Provide input to the Directors and Board of Commissioners increases.
to comply with the provisions of the regulations and
legislation in the Capital Market.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 415
Page 418
Profile of Corporate Secretary
Wioga Adhiarma Aji
Head of Corporate Secretary
Citizenship : Indonesian citizens
Domicile : Surabaya
Place and Date of : Born in Surabaya in 1978, 45 years as of December 2023
Birth/Age
Educational : - Bachelor of Legal Studies from Panca Marga University, Probolinggo
Background (2002)
- Master of Law from University of 17 August 1945 Surabaya (2020)
Certification Badan Sertifikasi Manajemen Risiko (BSMR) Level 4
Legal Basis of : Since 2023 he has served as Vice President Corporate Secretary based
Appointment on Directors’ Decree No. 062/057/DIR/HCP/KEP dated 20 July 2023.
Job History : Joined Bank Jatim in 1997. Prior to his current position, he served as
Head of Operations Bojonegoro Branch (2012), Head of Bojonegoro
Branch (2013), Head of Operations Main Branch (2018), Head of Kediri
branch (2020), Head of General Division (2022).
Corporate Secretary Competency Improvement Program
Throughout 2023, Bank Jatim’s Corporate Secretary has participated in various competency improvement programs in the form of
training, workshops, conferences and seminars, as shown in the following table:
Time and Place of
Type of Training Competency Development Material Organizer
Implementation
In House Corporate Value Internalization For Culture Leaders Surabaya, January 14, 2023 Kubik Leadership
In House Greeting And Sharing “Culture Transformation Surabaya, October 18, 2023 Ignasius Jonan
With Growth Mindset” by Ignasius Jonan
Public Training of Corporate Secretary Yogyakarta, July 21, 2023 Patrari Jaya Consultant
In House Refreshment Program /Risk management May 12, 2023 (Online By Zoom Risk Management Certification
Certification Refreshment Meeting) Body (BSMR)
Implementation of Corporate Secretary Assignments in 2023
In 2023, the Corporate Secretary has carried out his duties 2. Held Analyst Meetings 4 times to present quarterly
and responsibilities in accordance with the functions carried as performance. The Analyst Meeting is organized by
follows: inviting Securities Company analysts, Asset Management
1. Holding the 2022 Annual General Meeting of Shareholders investment managers, Pension Fund investment managers,
on April 12, 2023. Since the IPO, vote counting at the GMS Insurance Company investment managers, and other Fund
has been carried out by scanning the barcode of stickers Managers.
given to shareholders present at the GMS. Thebarcode 3. Participated in the Public Expose Live which was held by
sticker contains the identity of the shareholders and the the Indonesia Stock Exchange on November 2, 2023.
number of votes, so that the voting process can run quickly
and wel
PT Bank Pembangunan Daerah Jawa Timur Tbk
416 Annual Report 2023
Page 419
CORPORATE
GOVERNANCE
4. Submitted periodic reports and incidental reports to Internal Audit Division
regulators in accordance with applicable regulations.
5. Submitted information disclosure in accordance with Organizational Structure of The Internal Audit
applicable regulations. Division
6. Developed company website related to company
information to stakeholders. The development carried out The organizational structure of the Internal Audit Divivsion
such as the addition of financial ratios that are commonly based on the Decree of the Board of Directors No.061/218/
used by investors, macro and micro conditions, the DIR/PRS/KEP December 7, 2022 is as follows:
development of regulators, and comparison with industry.
Stakeholders, especially local investors, can easily access
company information for decision making in owning President Director
company shares.
7. Organized media gatherings 3 (three) times by inviting
leading media with offices in East Java.
Internal Audit VIP
8. Coordinating the preparation of the Bank’s Annual Report
Book.
9. Held Board of Commissioners meetings, Board of
Directors meetings, and Board of Directors and Board of AVP Audit Development
Commissioners meetings, making minutes of meetings and
administering them.
10. Accommodating student and student requests in submitting AVP Head Office Audit
Field Work Practices and research at Bank Jatim.
11. Administered, distributed and followed up on incoming
and outgoing mail.
AVP Regional Audit
12. Coordinating the procedures and concepts for Board of
Directors meetings, ceremonies, Bank events and other
meetings.
AVP Information
Technology Audit
The Position of The Internal Audit Division in Organizational Structure
The structure and position of the Internal Audit Division is regulated and determined according to:
1. POJK No.1/POJK.03/2019 concerning the Implementation of the Internal Audit Function in Commercial Banks.
2. Decree of the Board of Directors of Bank Jatim No. 061/218/DIR/PRS/KEP December 7, 2022 concerning the Organizational
Structure and Work Procedures of PT Bank Pembangunan Daerah Jawa Timur Tbk.
3. Decree of the Board of Directors of Bank Jatim No. 061/162/DIR/AUI/KEP July 15, 2022 concerning the Audit Charter of the
Internal Audit Division of PT Bank Pembangunan Daerah Jawa Timur Tbk.
The Head of the Internal Audit Division reports directly to the President Director. To support independence and ensure the smooth
operation of the audit and the authority to monitor follow-up, the Internal Audit Division can communicate directly with the Board
of Commissioners to inform various matters relating to the audit. The position, mechanism, duties and authority of the Internal
Audit Division including transparency and clarity are significant matters in the management of Bank Jatim, so that the internal audit
policy relating to responsibilities, authorities and levels of independence has been stated in the Internal Audit Charter signed by the
President Director and approved by the Board of Commissioners on July 15, 2022 which was compiled based on POJK Number 01/
POJK.03/2019 dated January 28, 2019 concerning the Obligation of Commercial Banks to Implement Standards for Implementing
Bank Internal Audit Functions (SPFAIB) and Regulation of the Financial Services Authority No.56/ POJK .04/2015 concerning the
Formation and Guidelines for the Preparation of Internal Audit Charter.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 417
Page 420
Profile of Head Internal Audit Division
Wardhana Suryaatmaja
Vice President of Internal Audit Division
Citizenship : Indonesian Citizens
Domicile : Jl. Sekawan Nyaman IV Blok C No.34A, Sidoarjo
Place and Date of : Surabaya, 09-12-1967
Birth
Age : 56 Years old
Educational : • Bachelor of Development Studies from University of Wijaya Putra
Background (1995).
• Master in Management from Artha Bodhi Iswara College of
Economics (1998).
Legal Basis of : Legal Basis of Appointment: Since July 18, 2023, he has served as
Appointment Corporate Leader Secretary based on Directors’ Decree No. 062/055/
DIR/HCP/KEP dated July 5 2023.
Position History : • Vice President Internal Audit Division: 2023 - present
• Vice President Risk Management Division : 2020 – 2023
• Head of General Division: 2019 - 2020
• Head of Product & Policy Development Division: 2018
• Head of Information Technology Division: 2016 - 2017
• Head of Accounting Subdivision: 2015
• Acting Head of Sharia madium Branch : 2015
• Head of Sharia Sidoarjo Sub-Branch : 2014 - 2015
• Head of Sharia Gresik Sub-Branch : 2011 – 2013
• Accounting Supervisor of Sharia Surabaya Branch : 2009 – 2011
• Information Technology Manager of Operational Subdivision of
Sharia Business Support Division: 2007 – 2009
• PN Supervisor & Teller : 2004 – 2007
• Junior Programmer of Information technology Division: 1998 – 2004
• Staff of PDE Operatinal Bureau Adm.Finance : 1995 – 1998
• Staff of Accounting in Kediri Branch: 1993 - 1995
Training / 1. Education of Head of Internal Supervision System of Accounting
Certification and Finance Development Center (PPA&K) : 2023
2. BSMR Level 5 Risk Management Training and Certification: 2022
3. Sosialization of AML, CFT and Gratification of the Directorate of
Criminal Investigation of the Banking Crime Unit of the National
Police: 2019
4. Bankruptcy Law Training University Airlangga : 2016
Basis of Vice President of Internal Audit Division (Based on Decree. No.
Appointment 062/061/DIR/HCP/KEP August 8, 2023)
The Party That Appoints and Removes The Head of
Internal Audit Division The Audit Charter of the Internal Audit Division of PT Bank
Pembangunan Daerah Jawa Timur, Tbk was prepared based on:
The Head of the Internal Audit Division is appointed and removal 1. Financial Services Authority Regulation No. 56/POJK.04/2015
by the President Director with the approval of the Board of concerning the Establishment and Guidelines for the
Commissioners based on the recommendation of the Audit Preparation of the Internal Audit Charter.
Committee and reported to the Capital Market Supervisory 2. Financial Services Authority Regulation Number 1/
Agency (Bapepam) and the Financial Services Authority (OJK). POJK.03/2019 concerning the Implementation of Internal
Audit Function at Commercial Banks.
Internal Audit Charter 3. Financial Services Authority Regulation No. 39/POJK.03/2019
concerning the implementation of the Anti-Fraud strategy for
The Internal Audit Division has an Internal Audit Charter Commercial Banks.
stipulated by the Decree of the Board of Directors of Bank Jatim 4. Financial Services Authority Regulation Number 13 /
No. 061/162/DIR/AUI/KEP dated July 15, 2022 concerning POJK.03/2020 concerning Amendments to Financial Services
the Audit Charter of the Internal Audit Division of PT Bank Authority Regulation Number 38/POJK.03/2016 concerning
Pembangunan Daerah Jawa Timur, Tbk.
PT Bank Pembangunan Daerah Jawa Timur Tbk
418 Annual Report 2023
Page 421
CORPORATE
GOVERNANCE
the Application of risk Management in the Use of Information Authority of The Internal Audit Division
Technology by Commercial Banks.
5. Bank Indonesia Regulation No. 22/23/PBI/2020 concering the The Internal Audit Division has the authority to:
payment system. 1. Conducting Internal Audit activities and have full, free
6. Bank Indonesia Regulation No. 23/06/PBI/2021 concering and unlimited access to records, information, employees,
payment service providers. funds, assets, locations/ areas, and other resources related
to the implementation of audits and consultations.
Internal Audit Charter was created to provide an overview/ 2. Communicating directly with the Directors, Board of
guidelines related to Vision, Mission, and Functions, Position Commissioners, Audit Committee, and Sharia Supervisory
in the Organization, Duties and Responsibilities, Authorities, Board.
Code of Ethics, Internal Auditor Requirrements, Responsibilities 3. Holding regular and incidental meetings with the Board of
of Heads of Internal Audit Division, Internal Audit and Directors, Board of Commissioners, Audit Committee, and
Investigation Activities, Internal Audit Division Relationship Sharia Supervisory Board.
with External Auditors or Legal Experts, Limitation Policy and 4. Communicating and coordinating with external parties
Waiting Period, Reporting, Audit Devemopment, Audit Risk, including regulators.
and Legal Protection. 5. Participating in strategic meetings without having voting
rights.
Duties and Responsibilities of Internal Audit 6. Conducting investigative activities on cases/problems in
Division every aspect and element of activities indicated by fraud
and violation of the code of conduct.
The responsibilities of the Internal Audit Division, namely:
1. Plan and carry out Internal Audit activities with an emphasis Internal Audit Division Personnel Composition
on areas/activities that have high risk and evaluate existing
procedures/control systems to gain confidence that the The composition of Internal Audit Division personnels as of
goals and objectives of the Bank can be achieved optimally. December 31, 2023 is as follows.
2. Evaluating and having an active role in improving the
effectiveness of the internal control system on an ongong Table of Internal Audit Division Personnel Composition
basis related to the implementation of bank operations that
Position Total
are at risk of incurring losses.
3. Providing consultation services to internal parties to Junior Auditor 36
provide additional value and improvement to the quality
Auditor 20
of control, risk management, and corporate governance as
long as it does not affect the independence and objectivity Acting Senior Auditor 2
of internal audit, and adequate resources are available. Senior Auditor 6
4. Carry out steps in order to dig up information (investigation),
Acting compliance Vice President Assistant of Audit
report, and submit recommendations/conclusions on fraud 1
Division
to Management.
Vice President Assistant of Audit Subdivision 1
5. Provide recommendations on audit results and monitor
followup on the results of Internal Audit activities and Vice President of Internal Audit Division 1
investigative activities. TOTAL 67
Competency Improvement Program for The Internal Audit Division
No. Training/Certification Date Type of Training/Certification
1 January 13 – 14, 2023 Pawn Estimation Training
2 May 4 – 14, 2023 Young Auditor Training Batch 1 (ACCIA)
3 June 6 – 16, 2023 Young Auditor Training Batch 2 (ACCIA)
4 July 31 – August 10, 2023 Young Auditor Training Batch 3 (ACCIA)
5 May 22 – June 6, 2023 Advanced QIA Training
6 July 12, 2023 PIA Certification Competency Test
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 419
Page 422
No. Training/Certification Date Type of Training/Certification
7 July 8 – 13, 2023 Tax Training
8 August 21 – 23, 2023 ITIL Certification
9 August 23 – 25, 2023 Web Pentest Training
10 October 13 – 18, 2023 SKAI Head Certification (CPAM)
11 December 15 – 22, 2023 Intermediate Auditor Training Batch 1 (CCIA)
Internal Audit Division Personnel Certification Independence
The Internal Audit Division has independence in carrying out
Certifications having been owned by the Auditors as of Internal Audit and investigative activities, expressing views
December 31, 2023, include: and thoughts in accordance with its profession and applicable
standards.
1. Management must provide full support for the functions of
Certification Total
the Internal Audit Division in order to be able to carry out
BSMR 1 39 their duties freely without interference from any party and
management must follow up on the findings of the Internal
BSMR 2 19
Audit Division.
BSMR 3 7 2. Internal Auditors are able to express their views and
BSMR 4 1 thoughts without influence or pressure from any other
party.
Web Pen Test 2
3. The Internal Audit Division has the freedom to determine
QIA Lanjutan 3 the audit methods, scope, methods, techniques and
CISA 1 approaches to be carried out.
4. In managing Internal Audit Division personnel, with the
ITIL 4
approval of the President Director and Head of the Internal
Treasury Dealer 1 Audit Division.
Kredit 1
Objectivity
CCNA 1
1. Internal Auditors and Investigators must have an
CFrA 3 independent mental attitude in carrying out internal audit
ACCIA 62 and investigative activities. This mental attitude is reflected
in a complete, objective report and based on careful and
PIA 1
impartial analysis.
CPAM 1
2. Internal Auditors and Investigators are free from conflicts of
CEH 1 interest over the object or activity being examined. If the
Internal Auditor and Investigator have a conflict of interest
in the object or activity being examined, the person
Auditor Code of Ethics concerned must state the connection and not be assigned
to carry out an audit of the object or activity in question.
The Internal Audit Division must strive to be able to play a
role as a consultant for internal parties that need it, especially Professionalism
regarding the scope of their duties. The Internal Audit Division Professionalism becomes a reference for the Auditor in carrying
can provide responses to proposals for policies or new systems out his duties. For this reason the auditor must have the
and procedures to assess aspects of internal control so that in attitude:
its implementation its objectives can be achieved effectively 1. Integrity, mental attitude that is independent, honest,
and efficiently. objective, diligent, reliable, decisive, trustworthy, avoids
conflicts of interest and upholds the ethics and profession
With the involvement of the Internal Audit Division in this of the Internal Auditor, including being wise and cautious
system review, it does not mean that those things will be in using information obtained in carrying out tasks and not
excluded as audit objects. The Internal Audit Division does use confidential information for personal interests or other
not have the authority or responsibility to carry out operational things that could cause harm to the Bank (confidentiality
activities of the Auditee. code).
PT Bank Pembangunan Daerah Jawa Timur Tbk
420 Annual Report 2023
Page 423
CORPORATE
GOVERNANCE
2. Competencies in accordance with the required competency The frequency of meetings is held according to needs.
profile.
3. The ability to interact and communicate effectively both During 2023, the Internal Audit Division has attended meetings
verbally and in writing. with the Board of Directors, Board of Commissioners, and/or
4. Obligation to comply with the Internal Auditor’s Code of the Audit Committee, with details as follows.
Ethics and the Internal Auditor’s Professional Standards for
the Internal Auditor and the Investigator’s Code of Ethics
Number of
and Investigator’s Professional Standards for Investigators. No. Description
Meetings
5. Obligation to maintain the confidentiality of company
information and/or data related to carrying out the duties 1. Kick Off Audit Plan 1
and responsibilities of the Internal Auditor unless required
2. Rapat Komite Audit dan Dewan 4
by statutory regulations or court decisions/decisions. Komisaris
3. Meeting with the Board of Directors 49
Brief Report on The Implementation of Internal Exit Meeting Cabang dan Divisi
Audit Activities In 2023
Audit Method Findings and Follow Up on Audit Results
The audit is carried out by a sampling method with a Risk Based The Internal Audit Division must monitor and analyze and
Audit approach, namely an audit approach that begins with an report the progress of the implementation of the follow-up
audit risk assessment process (risk profile), so that in planning, improvements that have been made by the Auditee. The
implementing and reporting the audit is more focused on followup includes:
important high-risk areas. The sampling method used the 1. Monitoring of follow-up implementation
Judgmental Sampling method by considering population and Monitoring of follow-up implementation must be carried
historic problem. out so that progress can be known and can be reminded
to the Auditee if the auditee has not been able to carry out
Audit techniques are carried out to obtain relevant evidentiary the commitment to improve before or until the promised
material in order to compare the existing conditions (conditions) time limit.
with the conditions that should be (criteria), including 2. Analysis of adequacy of follow-up
substantive tests on financial reports, interviews, verification, From the results of monitoring of follow-up implementation,
analysis, translation, reconciliation, inspections and if necessary an adequacy analysis was carried out on the realization of
they can be carried out. confirmation to third parties (Notary, the promise of improvement that had been carried out by
KJPP, KAP, Bouwheer, etc). the auditee. Furthermore, a follow-up check needs to be
done if there are difficulties or obstacles that cause the
Audit Activities Implementation In 2023 follow-up to be unable to be carried out properly. Every
time a followup is held, there is a follow-up evidence report
Audit activities in 2023 had been in accordance with Internal signed by the auditor and auditee.
Audit Division Work Plan (Audit Plan) of 2023 No. 062/001/ 3. Follow-up Reporting
AUI/AUDITPLAN dated January 24, 2023. The General Audit In its implementation, if the follow-up has not been fully
examinations had been conducted in Conventional Branch fulAccorded By the Auditee, the Head of the Internal Audit
Offices, Sharia Branch Offices, Thematic Audit, Surprize Audit, Division provides a written report to the President Director
and Clarrification Audit in accordance with the possessed and the Board of Commissioners as well as a copy to the
authority. Thus, the scope of the audit covers aspects and Audit Committee and the Director of Compliance and Risk
elements of all Bank activities. Management for further action.
4. Compliance with the follow-up to General Audit findings.
MEETING WITH THE BOARD OF DIRECTORS, BOARD OF If none of the progress of follow up occurs within 3 months,
COMMISSIONERS, AND/OR AUDIT COMMITTEE follow-up monitoring is submitted to Audit Policy Group
and Quality Control Audit Internal Division, and periodically
The Internal Audit Division has the authority to hold regular coordinated with the Auditee regarding the follow-up
and incidental meetings with the Board of Director, Board of development.
Commissioners, Audit Committee and Sharia Supervisory
Board. In addition, the Internal Audit Division can participate in
strategic meetings without having voting rights.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 421
Page 424
Corporate Risk Management Division
Structure of Corporate Risk Management Division
The structure of the Company Risk Management Division consists of the Compliance and Risk Management Director who oversees
the Corporate Risk Management Division which consists of the Credit, Market and Liquidity Risk Management Subdivision and the
Operational Risk Management Subdivision and Others.
Director
Risk management
Vice President
Risk management
AVP Market, Liquidity and AVP AVP Management
Corporate Risk Management Credit Risk Management Operational Risk
IT & BCM
Market and Group Operational Quality
Group Enterprise Risk Credit Portfolio Operational
Liquidity Risk Risk Assurance
Management Credit Risk Management Risk
Middle Office Management Management Operations
Group Policy Group Management
Group Group Group
Group
Duties and Responsibilities of The Corporate Risk 7. Review proposed new products and/or activities developed
Management Division by a work unit including the completeness of the systems
and procedures used and their impact on the overall risk
The duties and responsibilities of the Risk Management Division exposure of the Bank.
were as follows: 8. Provide recommendations to the risk-taking unit and/
1. Providing input to the Directors in preparing Risk or to the Risk Management committee regarding the
Management policies and strategies. implementation of risk management.
2. Develop procedures and tools for identification, 9. Evaluate the accuracy and validity of the data used to
measurement, monitoring and risk control. measure risk for Banks using models for internal Bank
3. Design and implement the tools needed in the purposes.
implementation of risk management. 10. Prepare and submit reports on Bank Soundness Level, Bank
4. Monitor the implementation of Risk Management policies, Risk Profile, KPMM in accordance with the Risk Profile to
strategies and frameworks recommended by the risk the main Director and the Director in charge of the risk
management committee and approved by the Board of management function.
Directors. 11. Carry out periodic reviews of the process of implementing
5. Monitor overall risk position or exposure, as well as per Risk Management.
risk, including monitoring compliance with established risk 12. Independent form risk taking unit in performing risk
tolerances and limits. management monitoring function. Monitoring function
6. Conduct Stress Testing to determine the impact of the aims to ensure that bank risk and portfolio have been well-
implementation of risk management policies and strategies managed, such as by the determination of risk parameter
on the Bank’s overall portfolio or performance. and limit.
PT Bank Pembangunan Daerah Jawa Timur Tbk
422 Annual Report 2023
Page 425
CORPORATE
GOVERNANCE
Profile of Corporate Risk Management Division Head
The Head of the Risk Management Division in 2023 will be Mrs. Suci Issumiyarti.
Suci Issumiyarti
Risk Management Division Leader
Kewarganegaraan : Indonesian Citizens
Domicile : Surabaya
Place and date of : Born in Semarang in 1966, 57 years old as of December 2023
birth
Educational : Bachelor of French from the Semarang State Teacher Training and
background Education Institute (1989).
Position History : Joined Bank Jatim in 1994. Prior to his current position, he served
as Head of Operational Division of Ngawi Branch (2011), Head of
Kepanjen Branch (2012), Head of Tulungagung Branch (2014), Head
of Corporate Secretary Sub Division (2015), Head of Malang Branch
(2015), Head of Strategic Planning Division (2017), Head of Institutional
and Business Relations Division (2017), Head of Credit Risk Division
(2018), Head of Business Risk Division (2020). Head of the Enterprise
Risk Management Division (2021), Head of Operations Division (2022).
Certification • Risk Management Level 4 Certification
• Bank Staff and Leader School (SESPI) of 2021
Basis of : Since 2023, she has served as Head of Risk Management Division
Appointment based on Directors Decree No. 062/148/DIR/HCP/KEP dated August
16, 2023.
Risk Management Competency Development
The competency development that has been followed by the Company’s Risk Management Division employees during 2023 is as
follows.
No. Name of Education and Competency Development Execution time
1 Corporate Value Internalization For Culture Leaders January 2023
2 Training Transaksi DNDF, OIS Dan IRS March 2023
3 Full Stack Data Analytics Program April 2023
4 ATMR Market Risk Measurement in accordance with SEOJK No. 23/Seojk.03/2022 April 2023
5 Value At Risk (Var) Measurement Limit Setting And Portofolio Management May 2023
6 Financing Analysis, Legal Administrator and Management Collection June 2023
7 Education and Training of Risk-Based Investment Permits Management July 2023
8 Trade Finance July 2023
9 Early Warning System July 2023
10 Stress Testing On Market Risk & Liquidity Risk August 2023
11 Leadership And Problem Solving August 2023
12 Critical Point Dan Strategi Anti Fraud August 2023
13 Facilitating Techniques And Customer Engagement September 2023
14 Business Model Canvas September 2023
15 Communication, Negotiation And Presentation Skills September 2023
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 423
Page 426
No. Name of Education and Competency Development Execution time
16 Supply Chain Concept September 2023
17 Technology, Banking Innovation, Security, and Data Protection September 2023
18 Understanding and Function of Funds Product, Funds Management, and Investment, Role of Funding October 2023
Officer
19 AML-CFT, Gratification & Compliance Culture October 2023
20 Foreign Exchange Management and Banknotes, ATM, EDC, and ETPD October 2023
21 Reward Punishment And Corporate Culture October 2023
22 Culture Transformation With Growth Mindset October 2023
Risk Management Certification
No Certification Position Amount
Directors 5
1 Risk Management Certification Level 5 SEVP 2
Division Leader 9
SEVP 1
Division Leader 20
2 Risk Management Certification Level 4 Head of Sub Division/Leader of Branch at the same level 60
Senior/Subsidiary Branch Leader at the same level 2
Level Staff 1
Head of Sub Division/Leader of Branch at the same level 33
Senior/Subsidiary Branch Leader at the same level 207
3 Risk Management Certification Level 3
Officer/Supervisor Level 6
Level Staff 2
Commissioner 2
Head of Sub Division/Leader of Branch at the same level 2
4 Risk Management Certification Level 2 Senior/Subsidiary Branch Leader at the same level 106
Officer/Supervisor Level 740
Level Staff 23
Officer/Supervisor Level 85
5 Risk Management Certification Level 1
Level Staff 187
Implementation Duties of The Risk Management Division in 2023
During 2023, the Risk Management Division has carried out its duties and responsibilities, including:
1. In line with the rule making rule policy, the Risk Management 6. Review the methodology in assessing Bank Soundness
Division strived to fulfill and comply with the applicable Level Parameters.
regulations through the preparation and review of risk 7. Monitor Risk Management Activities.
management policies, both Main and Activity Policies, 8. Reviewing and updating Risk Limits.
Standard Operating Procedures and Technical Guidelines.. 9. Development of Risk Management Information System.
2. Compile Risk Assessment of New and Existing Products/ 10. Supervising the achievement of bank business plan by
Activities. attempting sustainably improving measures based on the
3. Execute the Risk Management Committee. results of self-assessment regarding the Bank Soundness
4. Prepare and submit Reports to Regulators. Level.
5. Compile a Stress Tes.
PT Bank Pembangunan Daerah Jawa Timur Tbk
424 Annual Report 2023
Page 427
CORPORATE
GOVERNANCE
11. Satisfaction of the provisions of regulations related Pembangunan Daerah Jawa Timur Tbk Number 058/ 158/DIR/
to changes of ATMR measurement for credit risk and PRS/KEP dated June 17, 2019 concerning the Organizational
operational risk as well as conducting ATMR Measurement Structure and Work Procedures of PT Bank Pembangunan
Trial for Market Risk using the standardized approach Daerah Jawa Timur Tbk. There was a regulation in the Decree
method. of the Board of Directors of PT Bank Pembangunan Daerah
12. Improve the quality of human resources through training Jawa Timur Number 061/218/DIR/PRS/KEP dated December
programs both Public Training and In House Training as 7, 2022, including that things to be done during the transition
well as Risk Management Certification. period include but were not limited to:
13. Implement a risk culture strengthening program in order 1. Meeting the needs of Human Resources including transfer
to increase employee awareness of the risks faced in each of knowledge and fulfillment of the required competencies;
work unit. 2. Fulfillment and updating of internal provisions (KPA, SOP,
14. Evaluating the results of testing of internal controlling Technical Guidelines, Job Descriptions and other related
system of operational branch by Quality Assurance provisions);
Operations. 3. Fulfillment of the required facilities and infrastructure
(including information systems and technology).
Committee Under The Board of Directors
Changes to the Organizational Structure and Work Procedures
Provisions regarding the Board of Directors Committee of were further regulated in the Board of Directors Circular Number
Bank Jatim are stipulated based on the Decree of the Board 062/003/DIR/PRS/SE dated February 24, 2023 regarding
of Directors Number 062/056/DIR/CSE/KEP dated July 12, Organizational Structure Stages and Work Procedures of Bank
2023, concerning the Board of Directors Committee of PT Bank Jatim-Grand Design, reulating as follows:
Pembangunan Daerah Jawa Timur Tbk. Following the Decree 1. Implementation of Organizational Structure-Grand
of the Board of Directors of PT Bank Pembangunan Daerah Design prevailing dated April 30, 2023. In terms of having
Jawa Timur Number 061/218/DIR/PRS/KEP dated December employees satisfaction before the effective date of the
7, 2022, concerning the Organizational Structure and Work Organizational Structure-Grand Design, the organizational
Procedure of PT Bank Pembangunan Daerah Jawa Timur Tbk structure of the unit can be stated applicable;
and Circular Letter of the Directors of PT Bank Pembangunan 2. Upon the implementation of the Organizational Structure-
Daerah Jawa Timur Tbk Number 062/003/DIR/PRS/SE dated Grand Design affecting to the internal provisions to make
February 24, 2023 regarding Organizational Structure and updating of the internal provisions since the circular Letter
Work Procedure of Bank Jatim-Grand Design, the Committee of the Board of Directors regarding the Organizational
for the Board of Directors of Bank Jatim in 2023 is as follows: Structure-Grand Design is stipulated until the effective date
1. Asset Liability Committee (ALCO) of the organizational structure-grand design is enacted;
2. Risk Management Committee 3. The authorities and responsibilities of the Board of
3. Personnel Management Committee Directors and the Division on existing internal provisions
4. Information Technology Steering Committee (ITSC) (KPA/SOP/ Juknis) were declared to remain valid. If there
5. Credit Committee was a change/ movement of division nomenclature to be
a. Credit Implementation Committee; adjusted with the Director of the field in charge;
b. Credit Restructuring Committee 4. In terms of SEVP position having not satisfied until the
c. Credit Settlement Committee; effective date of organizational structure- grand design,
d. Credit Line Committee to the Corporation it will refer to Directors Decree No. 061/220/DIR/PRS/
e. Term Loan Facility Committee; KEP dated December 7, 2022 regarding Appointment
f. Financing Implementation Committee of Temporary Authority and Division of Task of Senior
g. Financing Restructuring Committee Executive Vice President (SEVP) of PT Bank Pembangunan
h. Financing Rescue Committee Daerah Jawa Timur Tbk;
i. Credit Book Write-off Committee 5. During the transition period from the pre-transition stage
j. Committee Delete Financing until the implementation of the organizational structure-
6. Credit Policy Committee grand design, the authority and responsibilities of the
7. Product and Network Comittee: Board of Directors and Divisions in the existing internal
a. Product Sector PJP Committee provisions (KPA/SOP/Juknis) are declared to remain valid.
b. PJP Committee for Networking If there are changes/moves in the Division nomenclature, it
will be adjusted to the Division Director in charge;
Decree of the Board of Directors of PT Regional Development 6. The preparation and completion of job descriptions for all
Bank East Java Number 061/218/DIR/PRS/KEP dated positions will be carried out in parallel with adjustments to
December 7, 2022 concerning the Organizational Structure internal provisions with a deadline until the effective date
and Work Procedure of PT Bank Pembangunan Daerah Jawa of the organizational structure-grand design is enacted.
Timur Tbk has revoked the Decree of the Directors of PT Bank
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 425
Page 428
Asset Liability Committee (ALCO) risks that occur in banks, especially Liquidity Risk, Interest Rates
and Exchange Rates, cooperation and active participation from
In order to unify the decision making of assets and liabilities the decision makers is necessary, both in terms of assets and
for the purposes outlined, a forum called the Asset Liabilities liabilities. The cooperation will succeed if each decision maker
Committee (ALCO) is needed. To minimize and eliminate the understands the role and its impact on overall business profits.
STRUCTURE AND MEMBERSHIP OF ASSET LIABILITY COMMITTEE (ALCO)
Position Accorded by Voting Right Status
Chairman President director Have voting rights
Subtitute chairman Director of Finance, Treasury & Global Services Have voting rights
Secretary VP Treasury Have voting rights
Permanent Member • Director other than Head and Substitute Head Have voting rights
• All VP other than invitees
• All SEVP (Senior Executive Vice President)
• Main Branch Leader
Non-Permanent • Director of Compliance Have voting rights
Member • VP of Human Capital Division
• VP of General Affairs Division
• VP of Internal Audit Division
• VP of Compliance & Corporate Governance Division
• VP of Legal Division
• Internal or external resource persons (e.g. Branches other than members, Consultant)
DUTIES, AUTHORITY, AND RESPONSIBILITIES OF ASSET 6. Evaluate and set the banking book portfolio strategy based
LIABILITY COMMITTEE (ALCO) on the Bank’s Business Plan (RBB) and following current
conditions while still considering Liquidity Risk, Market
ALCO memiliki tugas, wewenang dan tanggung jawab antara Risk, and Exchange Rate Risk.
lain: 7. Review and determine loan and fund interest rates
1. Formulation of strategies and policies for the management and list & terms of conditions in accordance with the
and control of financial assets as well as Bank liabilities recommendations, studies and the authority of each
based on the predetermined liquidity risk, interest rate risk division in charge.
and exchange rate risk controls. 8. Review and determine the position strategy of the Primary
2. Review the balance sheet structure on exposure assets and Reserve, Secondary Reserve and Tertiary Reserve.
liabilities so that it is in line with the Bank’s Business Plan 9. Review and determine the gap position strategy and its
and established risk limits. instruments.
3. Reviewing the latest developments and projections related 10. Review and define strategies for foreign exchange positions
to the state of the economy, interest rates, exchange rates and currencies.
and foreign exchange to guide established policies 11. Determine the internal funds transfer rate or inter-office
4. Conduct asset and liability pricing reviews to optimize the account prices to boost efficiency in branch management.
results of investment funds, minimize the cost of funds, and 12. Review the performance and position of the Bank’s assets
maintain a balance sheet structure in accordance with the and financial liabilities in order to assess the impact of asset
company’s ALMA strategy. liability management on the Bank’s objectives and on the
5. Evaluate, develop and determine the Asset & Liabilities Bank’s internal compliance and regulatory compliance.
Management position to ensure that the results of the risk 13. Adapt strategy, limitations and implementation guidelines
taking position are consistent with management objectives: as well as policies in order to achieve asset liability
a. Liquidity Risk. management objectives.
b. Interest Risk.
c. Foreign Exchange Risk.
PT Bank Pembangunan Daerah Jawa Timur Tbk
426 Annual Report 2023
Page 429
CORPORATE
GOVERNANCE
PROFILE OF ASSET LIABILITY COMMITTEE (ALCO) ASSET LIABILITY COMMITTEE (ALCO) MEETING AND
MEMBERS DUTIES
Profiles of members of the Asset Liability Committee (ALCO)
can be seen in the Profiles of Directors and Profiles of Division MEETING POLICY
Leaders in the Company Profile Chapter in this Annual Report. The Bank regularly held ALCO (Asset & Liability Committee)
Meetings every month. The ALCO meeting agenda was led by
ASSET LIABILITY COMMITTEE (ALCO) INDEPENDENCE the ALCO Chair and/or ALCO replacement Chair and attended
STATEMENT by ALCO members and invitees. The ALCO Meeting Forum
All committee members had no affiliation with Other Directors, had fulfilled the meeting quorum in accordance with the
Commissioners or Controlling Shareholders, and they were not provisions or management policies related to the Committees
shareholders of the Company and could affect their ability to under the Board of Directors. The ALCO Meeting agenda of
act independently, Commissioners, Directors or employees of each Business Division was decided in the ALCO forum and
companies that had affiliation or business with the Bank. was in accordance with the pricing policy and the Bank’s
business needs.
Implementation of Meetings
Total
No Date Agenda Initiator Division ALCO results Attendance
Agenda
1 January 30, 2023 • List of Term & Condition
Consumer Division Approved
Multiprpose Credit
• Micro Agent Program Retail & Medium
Micro Credit 3 Approved 95%
Division
• List of Term & Condition
Treasury Division Approved
Transaksi Valas
2 February 16, 2023 • Retail Micro & Medium Micro Retail &
2 Approved 100%
Credit Interest Rates Medium Division
3 March 21, 2023 • Review of Basic Credit
Treasury Division 2 Approved 95%
Interest Rates
4 April 14, 2023 • Automobile Credit
Interest Rates
• List of Term & Condition Consumer Division Approved
of Property Credit 91%
5
Program
• List of Term & Condition
Divisi Konsumer Not approved
Program Kredit Multiguna
5 May 30, 2023 • Deposit Interest Rates
Funds & Services
(Rupiah & Foreign Approved
Division
Exchange)
• List of Term & Condition Funds & Services
Approved
BI Fast Division
• List of Term & Condition Information 6 71%
Approved
API SNAP Technology Division
• Multipurpose credit Consumer Credit
Approved
Interest Rates Division
• Transfer Pricing
Treasury Division Approved
Adjustment
6 June 22, 2023 • Special Sharia Deposit
Sharia Division 1 Approved 71%
Customer
7 July 14, 2023 • List of Term & Condition International
Approved
of DPK Foreign Exchange Banking Division
• Retail Jatim Credit Interest Retail & Medium
Rates Micro Credit Approved
Division
• Special Deposit Interest Funds & Services 7 83%
Approved
Rates Division
• List of Term & Condition Funds & Services
of ALCO other provisions Approved
Division
• Property Credit Interest Consumer Credit
Approved
Rates Division
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 427
Page 430
Total
No Date Agenda Initiator Division ALCO results Attendance
Agenda
8 August 9, 2023 • Property Credit Interest Sharia Business
Approved
Rates Division
• List of Term & Condition Retail & Medium
of Retail Credit Micro Credit 5 Approved 71%
Division
• List of Term & Condition Consumer Credit
Approved
of Multipurpose Credit Division
9 September 13, • Suku Bunga dan List of
International
2023 Term & Condition Term Approved
Banking Division
Loan Facility (TLF) 6 87%
• List of Term & Condition International
Approved
Trade Finance Banking Division
10 October 10, 2023 • List of Term & Condition of Consumer Credit
Approved
Automobile Credit Division
• List of Term & Condition Retail Microcredit
of Retail Credit & Medium and Program Approved
Division 7 87%
• List of Term & Condition Commercial,
of Corporate Credit Corporate &
Approved
Syndication Credit
Division
11 October 13, 2023 • List of Term & Condition Consumer Credit
Approved
Kredit Konsumer Division
5 93%
• List of Term & Condition Services Fund
Approved
Dana Jasa Division
12 November 8, 2023 • List of Term & Condition Network & Service
Management Approved
Division
• Ujroh Financing of ib 4 95%
barokah gold Sharia Business
Approved
• Margin dan List of Term & Division
Condition KUR
13 November 14, 2023 • Special Debtor Interest Commercial,
Rates Corporate and
1 Approved 71%
Syndication Credit
Division
14 December 1, 2023 • Special Deposit Interest Funds & Services
1 Approved 87%
Rates Division
15 December 7, 2023 • BPR Apex Interest Rates Sharia Business
Approved
Division
• Interest Rates & List of
Consumer Credit
Term & Condition of Cash Approved
Division
Collateral Credit
4 83%
• List of Term & Condition Funds & Services
Approved
of Third Party Funds Division
• List of Term & Condition Network & Service
of Jatim Agent Management Approved
Division
Risk Management Committee
The Risk Management Committee is established to maintain risk exposures at tolerable or profitable limits, so the Bank can conduct
its business activities and remain under control (manageable) based on the principle of prudence.
PT Bank Pembangunan Daerah Jawa Timur Tbk
428 Annual Report 2023
Page 431
CORPORATE
GOVERNANCE
STRUCTURE AND MEMBERSHIP OF RISK MANAGEMENT COMMITTEE
The structure and membership of the Risk Management Committee are as follows.
Position Accorded by Accorded by Voting Rights Status
Chairman President Director Have voting rights
Interim Head of Committee Director of Risk Management Have voting rights
Secretary Head of Corporate Risk Management Division Have no voting rights
Permanent Member Director of Divisions Have voting rights
Director of Compliance Have no voting rights
All Senior Executive Vice Presidents (SEVP) Have voting rights
DUTIES, AUTHORITIES AND RESPONSIBILITIES OF THE 5. Determining overall limits, limits per type of risks, limits per
RISK MANAGEMENT COMMITTEE functional activity including limits related to business and
other operations.
The authorities and responsibilities of the Risk Management 6. Deciding the level of risk appetite and risk tolerance.
Committee is to evaluate and provide recommendations to 7. Delivering strategic issues that are in line with business
the President Director regarding the implementation of risk strategy and follow up on these issues that are discussed in
management, including minimally as follows: the previous Risk Management Committee and have been
1. Drafting of risk management policies and its changes, determined by the Division in charge.
including risk management strategies, level of risks
appetite and risk tolerance, risk management framework, RISK MANAGEMENT COMMITTEE MEMBERS PROFILE
and contingency plans to anticipate the occurrence of
abnormal conditions. Profiles of members of the Risk Management Committee can
2. Improving the risk management process periodically or be seen in the Profiles of Directors and Profile of Division
incidentally as a result of changes in the Bank’s external Leaders in the Company Profile Chapter in this Annual Report.
and internal conditions that affect the Bank’s capital
sufficiency, risk profile, and ineffective implementation of RISK MANAGEMENT COMMITTEE INDEPENDENCE
Risk Management based on the results of evaluation. STATEMENT
3. Determination of policies and/or business decisions
that deviate from normal procedures, such as exceeding All committee members have no affiliation with Other
significant business expansion compared to the Bank’s Directors, Commissioners or Controlling Shareholders, are not
previously determined business plan or taking positions or shareholders of the Company which can affect their ability to
risk exposures that exceed predetermined limits. act independently, Commissioners, Directors or employees of
4. Submitting an assessment of the Bank’s Soundness Level companies that have affiliation or business with the Bank.
and company risk profile.
MEETINGS AND IMPLEMENTATION OF RISK MANAGEMENT COMMITTEE TASKS
Meeting Initiator Number Committee
No. Agenda Attendance
Date Division of Agenda Results
1. January 31, The results of self – assessment for the period of
2023 December 2022:
Risk
1. Bank’s Soundness Level
Management 5 Approved 86%
2. Bank’s risk prfile
Division
3. Governance
4. Rentability and Capialization
2. February 10, 1. Review of Authority Limit of Settlement towards
2023 Transaction via Estim
Risk
2. Credit Portfolio or Financing Guidelines:
Management 2 Approved 71%
a. Target Market;
Division
b. Negative List;
c. Development Plan of East Java Region.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 429
Page 432
Meeting Initiator Number Committee
No. Agenda Attendance
Date Division of Agenda Results
3. May 4, 2023 1. Global Financial Market Dynamics
2. Banlk’s Risk Profile on March 2023 comprised of:
a. Follow-up Progress of Komenko #01
Risk
b. The Results of Self- Assessment of Bank’s Risk Profile
Management 2 Approved 71%
for the period of March 2023
Division
c. Risk Issue in 2023
d. The Results of Self- Assessment of Bank’s Risk Profile
for the period of February 2023
4. May 31, 1. Review of Authority Limits for Approval & Payment of
Risk
2023 Goods/Services Procurement and Non-Product Costs
Management 3 Approved 71%
2. Review of Switching Limits and Budget Exceedings
Division
3. Risk Appetite Statement
5. October 24, 1. Bank’s Risk Profile Report for the period of September
Divisi
2023 2023
Manajemen 3 Disetujui 92%
2. Review of Authority Limits for Settlement towards
Risiko
Transaction via Estim
Personnel Management Committee
The Personnel Management Committee was formed in order to obtain optimal results in deciding critical matters in the field of
Human Capital, both strategically, policies, and the Human Capital management system in line with the Bank’s Business Plan.
STRUCTURE AND MEMBERSHIP OF THE EMPLOYMENT COMMITTEE
Struktur Keanggotaan Komite Manajemen Kepegawaian adalah sebagai berikut:
Chairman President Director Have Sound
Substitute Head Director of Fields Obtaining Appointment from the Main Director Have Sound
Member Director of other fields and SEVP in charge of the Human Capital Division Have Sound
Secretary Head of the Human Capital Division Have no Sound
DUTIES, AUTHORITIES AND RESPONSIBILITIES OF THE b. Establish and decide standard operating procedures in
EMPLOYMENT COMMITTEE the field of Human Capital
The Personnel Management Committee has duties, authorities 3. Duties, authorities and responsibilities of the Board of
and responsibilities, among others: Directors Committee in the field of career management
1. The duties, authorities and responsibilities of the Board include:
of Directors Committee are divided into 3 (three) areas a. Deciding on the implementation of the official transfer/
consisting of: promotion program at Echelon 1 and Echelon 2 levels.
a. Policy Area b. Evaluating the Key Performance Indicators (KPI) of
b. Career Management individual officials with echelon 1 levels.
c. Office Punishment 4. The duties, authorities and responsibilities of the Board of
2. The duties, authorities and responsibilities of the Board of Directors Committee in the field of disciplinary punishment
Directors Committee in the policy field include: are to decide on disciplinary violation sanctions for
a. Ensure that the main policies related to Human Capital employees with echelon 1 and 2 levels and echelon levels
activities are consistent and in line with the company’s below them if the violations are interrelated.
strategic planning (Corporate plan).
PT Bank Pembangunan Daerah Jawa Timur Tbk
430 Annual Report 2023
Page 433
CORPORATE
GOVERNANCE
EMPLOYMENT COMMITTEE MEMBERS PROFILE
Profiles of Personnel Management Committee Members can be seen in the Profiles of Directors and Heads of Division in the
Company Profile Chapter in this Annual Report.
STATEMENT OF INDEPENDENCE OF EMPLOYEE MANAGEMENT COMMITTEE
All committee members have no affiliation with Other Directors, Commissioners or Controlling Shareholders, are not shareholders
of the Company which can affect their ability to act independently, Commissioners, Directors or employees of companies that have
affiliation or business with the Bank.
MEETINGS AND IMPLEMENTATION OF THE TASKS OF THE EMPLOYEE MANAGEMENT COMMITTEE
Board of
Number
Meeting Initiator Directors
No Agenda of Attendance
Date Division Committee
Agendas
Results
1 January 3, CIRCULAR – Refinement of Grading and Human Capital 1 Approved Circular – 100%
2023 Renumeration Policy Division
2 January 6, CIRCULAR – Recruitment of Experienced Human Capital 1 Approved Circular – 100%
2023 Employees Echelon 2 Division
3 January 20, CIRCULAR – Approval of Implementation of Human Capital 1 Approved Circular – 100%
2023 Echelon 1 Recruitment Division
4 February 14, CIRCULAR – Refinement of Duty Travel Policy Human Capital 1 Approved Circular – 100%
2023 Division
5 February 22, - Transfer of Echelon 1 & 2 Officers Human Capital 2 Approved 83%
2023 - Appointment of Officers to SEVP Position Division
6 February 24, Transfer of Echelon 2 Employees Human Capital 1 Approved 83%
2023 Division
7 March 10, 2023 CIRCULAR – Refinement of Grading and Human Capital 1 Approved Sirkuler – 100%
Renumeration System Division
8 March 10, 2023 CIRCULAR – Refinement of Punishment SOP Human Capital 1 Approved Sirkuler – 100%
Division
9 March 20, 2023 Positional Punishment Human Capital 1 Approved 88%
Division
10 March 28, 2023 Discussion of SEVP Interview Resutls Human Capital 1 Approved 88%
Division
11 April 11, 2023 Division Leader KPI Human Capital 1 Approved 100%
Division
12 May 31, 2023 - Fulfillment of Vacant Position Echelon 1 & 2 Human Capital 2 Approved 100%
- Transfer of Task Division
13 June 14, 2023 - Fulfillment of Vacant Position Echelon 1 & 2 Human Capital 2 Approved 75%
- Transfer of Task Division
14 July 4, 2023 - Fulfillment of Vacant Position Echelon 1 & 2 Human Capital 2 Approved 75%
- Changes in Mutation SOP & KMK SOP Division
15 July 14, 2023 Refinement of Car Allowance Program SOP Human Capital 1 Approved 100%
Division
16 August 7, 2023 Fulfillment of Vacant Position Echelon 1 & 2 Human Capital 1 Approved 88%
Division
Positional Punishment 1 A follow-up
committee
will be held
on October 6,
2023
17 October 6, Positional Punishment Human Capital 1 A follow-up 75%
2023 Division committee will
be held on
December 21,
2023
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 431
Page 434
Board of
Number
Meeting Initiator Directors
No Agenda of Attendance
Date Division Committee
Agendas
Results
18 November 1, SIRKULER - SOP Total Reward Human Capital 1 Approved Sirkuler – 100%
2023 Division
19 December 21, Positional Punishment Human Capital 1 Approved 100%
2023 Division
Positional Punishment Extended
committee was
arranged
20 December 29, - Fulfillment of Vacant Position Echelon 2 Human Capital 1 Approved 100%
2023 - Transfer of Task Division
Information Technology Steering Committee 2. As part of IT governance in order to minimize the risk
associated with the use of IT and to protect the interests
The roles and functions of the Information Technology Steering of the IT Steering Committee, it was formed as a
Committee (ITSC) are: manifestation of the commitment of the Board of Directors
1. Information Technology Steering Committee (ITSC) is and management of Bank Jatim in the form of active
part of IT governance in providing recommendations, supervision of IT management. As stipulated in POJK MRTI,
the committee must pay attention to the efficiency factor ITSC plays a role in assisting the implementation of the
as part of IT governance in order to minimize the risk Board of Directors’ duties in establishing the Information
associated with the use of IT and to protect the interests of Technology Strategic Plan and Bank policies related to the
the Bank and customers. use of Information Technology.
STRUCTURE AND MEMBERSHIP OF INFORMATION TECHNOLOGY STEERING COMMITTEEE
Position Accorded by Voting Rights Status
Chairman President director Have voting rights
Substitute Chairman Director of IT & Digital Have voting rights
Secretary Vice President of Information Technology Have voting rights
1. Director of Operation Have voting rights
2. Director of Finance, Treasury & Global Services
3. Director of Mikro, Retail and Medium Enterprises
4. Director of Risk Management
5. Director of Compliance
6. Corporate Secretary
Permanent member 7. All of Senior Executive Vice Presidents
8. All of Vice Presidents, Except:
a. Vice President Internal Audit
b. Vice President Legal
c. Vice President Compliance and Anti-Money Laundry and Terrorism
Funding
9. All of Unit Leaders
1. Vice President Internal Audit Have no voting rights
2. Vice President Legal
Non-Permanent Member
3. Vice President Compliance and Anti-Money Laundry and Terrorism
Funding
DUTIES, AUTHORITIES AND RESPONSIBILITIES OF THE INFORMATION TECHNOLOGY STEERING COMMITTE
The duties, authorities, and responsibilities of the IT Committee are to provide recommendations to the Board of Directors concerning:
1. Strategic IT Plan aligned with the Bank’s business activity strategic plan. In providing recommendations, the Committee must
consider factors such as efficiency, effectiveness, and other aspects, including:
a. Roadmap to achieve needs supporting the Bank’s business strategy. The roadmap consists of the current state, the desired
future state, and steps to be taken to achieve the desired state.
PT Bank Pembangunan Daerah Jawa Timur Tbk
432 Annual Report 2023
Page 435
CORPORATE
GOVERNANCE
b. Required resources. 8. Monitor the performance of Information Technology and
c. Benefits to be obtained when the IT Strategic Plan is efforts to improve Information Technology performance,
implemented. such as detecting IT infrastructure obsolescence
d. Constraints that may arise in the implementation of the and measuring effectiveness as well as efficiency in
IT Strategic Plan. implementing Information Technology security policies.
2. Formulate the primary Information Technology policies, 9. Make efforts to resolve various Information Technology-
standards, and procedures, including information related issues that cannot be resolved by user units and
security policy and risk management related to the use of Information Technology providers efficiently, effectively,
Information Technology in the Bank. and timely.
3. Align the approved Information Technology projects 10. Allocate adequately the resources owned by the Bank. In
with the Information Technology Strategic Plan. The cases where the owned resources are inadequate and the
Committee also sets priority status for critical IT projects Bank will use the services of other parties in IT management,
that significantly impact the Bank’s operational activities, the IT steering committee must ensure that the Bank has
such as the replacement of core banking applications, the necessary policies and procedures.
production servers, and network topology.
4. Align the implementation of Information Technology INFORMATION TECHNOLOGY STEERING COMMITTEE
projects with the approved project plan. The Committee MEMBER PROFILE
should supplement recommendations with analyses of Profiles of Information Technology Steering Committee
major IT projects, enabling the Board of Directors to make Members can be seen in the Profiles of Directors and Division
efficient decisions. Leaders in the Company Profile Chapter in this Annual Report.
5. Align the operation of Information Technology with the
needs of management information systems and the STEERING INDEPENDENCE OF INFORMATION
business activities of the Bank. TECHNOLOGY STEERING COMMITTEE
6. Carry out effective measures to minimize risks of the Bank’s All committee members have no affiliation with Other
investment in Information Technology. Directors, Commissioners or Controlling Shareholders, are not
7. Provide information that contributes to the achievement of shareholders of the Company which can affect their ability to
the Bank’s business objectives. act independently, Commissioners, Directors or employees of
companies that have affiliation or business with the Bank.
MEETINGS AND IMPLEMENTATION OF INFORMATION TECHNOLOGY STEERING COMMITTEE TASKS
Number
Initiator Committee
No Meeting Date Agenda of Attendance (%)
Division Results
Agendas
1 August 4, 2023 Progress and Realization of the Bank’s Information
Business Plan for the IT and Digital Technology 1 Approved 81%
Directorate
2 November 24, a. Progress dan Realisation of the Bank’s Information
2023 Business Plan for the IT and Digital Technology
Directorate
2 Approved 82%
b. Presentation of the IT Strategic Plan 2024
– 2028 : Simplifying Customer Lives –
Ernst & Young (EY).
Credit Committee
STRUCTURE AND MEMBERSHIP OF THE CREDIT/FINANCE COMMITTEE
1. Membership Structure of Credit Implementation
Credit
Category Implementation Business Function Group Business Risk Function Group
Committee
1. Director of Micro, Retail & Medium Enterprises 1. President Director
2. Director of Finance, Treasury & Global Services 2. Director of Remedial and Wholesale Risk
Board of 3. SEVP Corporate, Syndication & Institutional Affairs 3. Director of Operation
A A1
Directors 4. SEVP Consumer Banking 4. Director of IT & Digital banking
5. SEVP Corporate Transformation/ SEVP
Network & Services
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 433
Page 436
Credit
Category Implementation Business Function Group Business Risk Function Group
Committee
1. Director of Micro, Retail & Medium Enterprises 1. Director of Risk Management
2. Director of Finance, Treasury & Global Services 2. Director of Operations
A2 3. SEVP Corporate, Syndikacation & Institutional Affairs 3. Director of IT & Digital
4. SEVP Corporate Transformation/ SEVP
Network & Services
1. Director of Micro, Retail & Medium Enterprises/ 1. Direktur Manajemen Risiko
Director of Finance, Treasury & Global Services* 2. Director of Operation/Director of IT & Digital
A3 2. SEVP Corporate, Syndication & Institutional/ SEVP Banking**
Consumer Banking 3. SEVP Corporate Transformation/ SEVP
Network & Services
*) If the Director of Micro, Retail and Medium Enterprises is unable to attend, then the Director of Finance, Treasury & Global Services will serve as a substitute member in the
business function of the Credit Committee (A3).
**) If the Director of Operations is unavailable to attend, then the Director of IT & Digital Banking will serve as a substitute member in the risk function of the Credit Committee A3
2. Credit Restructuring Membership Structure
Committee
Category Restructurisation Business Function Group Business Risk Function Group
Credit
1. Director of Micro, Retail & Medium Enterprises 1. President Director
2. Director of Finance, Treasury & Global Services 2. Director of Risk Management
3. SEVP Corporate, Syndication & Institutional Affairs 3. Director of Operations
A
4. SEVP Consumer Banking 4. Director of IT & Digital
5. SEVP Corporate Transformation
6. SEVP Network & Services
1. Director of Micro, Retail & Medium Enterprises 1. President Director
2. Director of Finance, Treasury & Global Services 2. Director of Risk Management
3. SEVP Corporate, Syndication & Institutional Affairs 3. Director of Operations
A1
4. SEVP Consumer Banking 4. Director of IT & Digital
Board of 5. SEVP Corporate Transformation / SEVP Network
Credit
Directors & Services
1. Director of Micro, Retail & Medium Enterprises 1. Director of Risk Management
2. Director of Finance, Treasury & Global Services 2. Director of Operations
A2 3. SEVP Corporate, Syndication & Institutional Affairs 3. Director of IT & Digital
4. SEVP Corporate Transformation / SEVP Network
& Services
1. Director of Micro, Retail & Medium Enterprises / 1. Director of Risk Management
Director of Finance, Treasury & Global Services * 2. Director of Operations / Director of IT & Digital **
A3
2. SEVP Corporate, Syndication & Institutional Affairs 3. SEVP Corporate Transformation/ SEVP Network &
/ SEVP Consumer Banking Services
*) If the Director of Micro, Retail and Medium Enterprises is unable to attend, then the Director of Finance, Treasury & Global Services will serve as a substitute member in the business
function of the Credit Committee (A3) for credit restructurisation
**) If the Director of Operations is unavailable to attend, then the Director of IT & Digital Banking will serve as a substitute member in the risk function of the Credit Committee A3 for
credit restructurisation
1) Membership Structure of the Credit Settlement Committee
Credit
Category Settlement Business Function Group Business Risk Function Group
Committee
1. Director of Micro, Retail & Medium Enterprises 1. President Director
1. Director of Finance, Treasury & Global Services 2. Director of Risk Management
2. SEVP Corporate, Syndication & Institutional Affairs 3. Director of Operations
A1
3. SEVP Consumer Banking 4. Director of IT & Digital
5. SEVP Corporate Transformation / SEVP Network
Board of & Services
A
Directors
1.Director of Micro, Retail & Medium Enterprises 1. Director of Risk Management
2.Director of Finance, Treasury & Global Services 2. Director of Operations
A2 3.SEVP Corporate, Syndication & Institutional Affairs 3. Director of IT & Digital
4. SEVP Corporate Transformation / SEVP Network
& Services
PT Bank Pembangunan Daerah Jawa Timur Tbk
434 Annual Report 2023
Page 437
CORPORATE
GOVERNANCE
Credit
Category Settlement Business Function Group Business Risk Function Group
Committee
1. Director of Micro, Retail & Medium Enterprises / 1.Director of Risk Management
Director of Finance, Treasury & Global Services * 2.Director of Operations / Director of IT & Digital **
A3
2. SEVP Corporate, Syndication & Institutional Affairs / 3.SEVP Corporate Transformation / SEVP Network
SEVP Consumer Banking & Services
*) If the Director of Micro, Retail and Medium Enterprises is unable to attend, then the Director of Finance, Treasury & Global Services will serve as a substitute member in the business
function of the Credit Committee (A3).
**) If the Director of Operations is unavailable to attend, then the Director of IT & Digital Banking will serve as a substitute member in the risk function of the Credit Committee A3
2) Membership Structure of Credit Line Committee to Corporations
Credit Line
Category Business Function Group Business Risk Function Group
Committee
1. President Director (Also functions as Director in Director of Risk Management
A1 charge of Corporations)
2. Director of Finance, Treasury & Global Services
A DIREKSI 1. Director in charge of corporate credit business Director of Risk Management
A2
2. Director of Finance, Treasury & Global Services
A3 Director of Finance, Treasury & Global Services VP Credit Risk Analyst
3) Membership Structure of Term Loan Facility (TLF)
Committee
Category Business Function Group Business Risk Function Group
TLF
1. President Director (Also functions as Director in Director of Risk Management
A1 charge of Corporations)
2. Director of Finance, Treasury & Global Services
A DIREKSI
1. Director in charge of Corporations Director of Risk Management
A2
2. Director of Finance, Treasury & Global Services
A3 Director of Finance, Treasury & Global Services VP Credit Risk Analyst
4) Membership Structure for Financing Implementation
Committee
Category Implementation Business Function Group Business Risk Function Group
Financing
1. Director of Micro, Retail & Medium Enterprises 1. President Director
2. Director of Finance, Treasury & Global Services 2. Director of Risk Management
3. SEVP Corporate, Syndication & Institutional 3.Director of Operations
A1
Affairs 4.Director of IT & Digital
4. SEVP Sharia Business 5. SEVP Corporate Transformation / SEVP Network
& Services
1. Director of Micro, Retail & Medium Enterprises 1. Director of Risk Management
2. Director of Finance, Treasury & Global Services 2. Director of Operations
A A2 3. SEVP Sharia Business 3. Director of IT & Digital
4. SEVP Corporate Transformation/ SEVP Network
& Services
1. Director of Micro, Retail & Medium Enterprises / 1. Director of Risk Management
Director of Finance, Treasury & Global Services * 2. Director of Operations / Director of IT & Digital
A3 2. SEVP Sharia Business **
3. SEVP Corporate Transformation/ SEVP Network
& Services
*) If the Director of Micro, Retail and Medium Enterprises is unable to attend, then the Director of Finance, Treasury & Global Services will serve as a substitute member in the
business function of the Credit Committee (A3).
**) If the Director of Operations is unavailable to attend, then the Director of IT & Digital Banking will serve as a substitute member in the risk function of the Credit Committee
A3
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 435
Page 438
5) Membership Structure of the Financing Restructurisation
Committee
Category Restructurisation Business Function Group Risk Function Group
Financing
1. Director of Micro, Retail & Medium 1. President director
2. Director of Finance, Treasury & Global Services 2. Director of Risk Management
3. SEVP Corporate, Syndication & Institutional 3. Director of Operations
A
4. SEVP Sharia Business 4. Director of IT & Digital
5. SEVP Corporate Transformation
6. SEVP Network & Services
1. Director of Micro, Retail & Medium 1. President director
2. Director of Finance, Treasury & Global Services 2. Director of Risk Management
3. SEVP Corporate, Syndication & Institutional 3. Director of Operations
A1
4. SEVP Sharia Business 4. Director of IT & Digital
Board of 5. SEVP Corporate Transformation / SEVP Network
A
Directors & Services
1. Director of Micro, Retail & Medium 1. Director of Risk Management
2. Director of Finance, Treasury & Global Services 2. Director of Operations
A2 3. SEVP Sharia Business 3. Director of IT & Digital
4. SEVP Corporate Transformation / SEVP Network
& Services
1. Director of Micro, Retail & Medium/Director of 1. Director of Risk Management
Finance, Treasury & Global Services* 2. Director of Operations / Director of IT & Digital
A3
2. SEVP Sharia Business 3. SEVP Corporate Transformation / SEVP Network
& Services
*) If the Director of Micro, Retail and Medium Enterprises is unable to attend, then the Director of Finance, Treasury & Global Services will serve as a substitute member in the business
function of the Credit Committee (A3) for financing restructurisation
**) If the Director of Operations is unavailable to attend, then the Director of IT & Digital Banking will serve as a substitute member in the risk function of the Credit Committee A3 for
financing restructurisation
6) Membership Structure of the Financing Settlement Committee
Committee
Category Completion Business Function Group Risk Function Group
Financing
1. Director of Micro, Retail & Medium 1. President director
2. Director of Finance, Treasury & Global Services 2. Director of Risk Management
Board of 3. SEVP Corporate, Syndication & Institutional 3. Director of Operations
A A1
Directors 4. SEVP Sharia Business 4. Director of IT & Digital
5. SEVP Corporate Transformation/ SEVP Network
& Services
1. Director of Micro, Retail & Medium 1. Director of Risk Management
2. Director of Finance, Treasury & Global Services 2. Director of Operations
A2 3. SEVP Sharia Business 3. Director of IT & Digital
4. SEVP Corporate Transformation/ SEVP Network
& Services
1. Director of Micro, Retail & Medium/Director of 1. Director of Risk Management
Finance, Treasury & Global Services* 2. Operations Director/IT & Digital Director**
A3
2. SEVP Sharia Business 3. SEVP Corporate Transformation/ SEVP Network
& Services
*) If the Director of Micro, Retail and Medium Enterprises is unable to attend, then the Director of Finance, Treasury & Global Services will serve as a substitute member in
the business function of the Credit Committee (A3)
**) If the Director of Operations is unavailable to attend, then the Director of IT & Digital Banking will serve as a substitute member in the risk function of the Credit Committee
A3
7) Membership Structure of Write Off Credit Committee
Write Off
Category Financing Business Function Group Risk Function Group
Committee
1. Director of Micro, Retail & Medium 1. President director
2. Director of Finance, Treasury & Global Services 2. Director of Risk Management
Board of 3. SEVP Corporate, Syndication & Institutional 3. Director of Operations
A A1
Directors 4. SEVP Consumer Banking 4. Director of IT & Digital
5. SEVP Corporate Transformation/SEVP Network &
Services
PT Bank Pembangunan Daerah Jawa Timur Tbk
436 Annual Report 2023
Page 439
CORPORATE
GOVERNANCE
Write Off
Category Financing Business Function Group Risk Function Group
Committee
1. Director of Micro, Retail & Medium 1. Director of Risk Management
2. Director of Finance, Treasury & Global Services 2. Director of Operations
A2 3. SEVP Corporate, Syndication & Institutional 3. Director of IT & Digital
4. SEVP Corporate Transformation/SEVP Network &
Services
1. Director of Micro, Retail & Medium/Director of 1. Director of Risk Management
Finance, Treasury & Global Services* 2. Director of Operations / Director of IT & Digital
A3
2. SEVP Corporate, Syndication & Institutional/ 3. SEVP Corporate Transformation/SEVP Network &
SEVP Consumer Banking Services
*) If the Director of Micro, Retail and Medium Enterprises is unable to attend, then the Director of Finance, Treasury & Global Services will serve as a substitute member in the business
function of the Credit Committee (A3)
**) If the Director of Operations is unavailable to attend, then the Director of IT & Digital Banking will serve as a substitute member in the risk function of the Credit Committee A3
8) Struktur Keanggotaan Hapus Buku Pembiayaan
Komite
Kategori Hapus Buku Kelompok Fungsi Bisnis Kelompok Fungsi Risiko
Pembiayaan
1. Director of Micro, Retail & Medium 1. President director
2. Director of Finance, Treasury & Global Services 2. Director of Risk Management
Board of 3. SEVP Corporate, Syndication & Institutional 3. Director of Operations
A A1
Directors 4. SEVP Sharia Business 4. Director of IT & Digital
5. SEVP Corporate Transformation/SEVP Network & Services
1. Director of Micro, Retail & Medium 1. Director of Risk Management
2. Director of Finance, Treasury & Global Services 2. Director of Operations
3. SEVP Sharia Business 3. Director of IT & Digital
A2
4. SEVP Corporate Transformation/SEVP Network & Services
1. Director of Micro, Retail & Medium/Director of 1. Director of Risk Management
Finance, Treasury & Global Services* 2. Director of Operations / Director of IT & Digital
A3
2. SEVP Sharia Business 3. SEVP Corporate Transformation/SEVP Network & Services
*) If the Director of Micro, Retail and Medium Enterprises is unable to attend, then the Director of Finance, Treasury & Global Services will serve as a substitute member in the business
function of the Credit Committee (A3)
**) If the Director of Operations is unavailable to attend, then the Director of IT & Digital Banking will serve as a substitute member in the risk function of the Credit Committee A3
DUTIES, AUTHORITIES, & RESPONSIBILITIES OF THE 6. Give approval or refusal to write off credit/financing books
CREDIT AND FINANCING COMMITTEE following the credit authority limit set by the Board of
1. Provide direction if necessary to conduct a more in-depth Directors;
and comprehensive credit analysis (review of the credit 7. Give approval or rejection of Credit Line or Term Loan
analysis memorandum); (TLF) under the credit authority limit set by the Board of
2. Provide a decision or recommendation on the draft credit Directors;
decision submitted by the recommendation provider/ 8. Establish credit plans, both restructured and unstructured
proposer which is related but not limited to: from other financial institutions.
a. Large debtors
b. Industry specific. The responsibilities of Credit and Financing Committee
3. Coordinate with the Asset & Liabilities Committee (ALCO) include:
in terms of credit funding aspects and credit interest rate 1. Implement their duties, especially in providing credit
adjustments if necessary; approval professionally, honestly, objectively, carefully, and
4. Give approval or credit rejection of the proposed credit thoroughly.
facility in accordance with the credit limit set by the Board 2. Reject requests and influence from parties with an interest
of Directors; in the credit applicant to give approval that is merely a
5. Give approval or rejection of rescue and settlement of formality.
credit/ financing by the credit authority limit set by the
Board of Directors;
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 437
Page 440
Validity and Decision-Making of the Credit Committee: STATEMENT OF INDEPENDENCE OF THE CREDIT AND
1. The committee is considered valid if attended by all FINANCING COMMITTEE
members of the Credit Committee according to the All committee members have no affiliation with Other
category and type of the Credit Committee. Directors, Commissioners or Controlling Shareholders, are not
2. Decision-making is carried out through a mechanism of shareholders of the Company which can affect their ability to
consultation to reach a consensus from the voting members act independently, Commissioners, Directors or employees of
(collective collegial). companies that have affiliation or business with the Bank.
PROFILE OF CREDIT AND FINANCING COMMITTEE
MEMBERS
Profiles of Credit Committee Members can be seen in the
Profile of the Board of Directors and Profile of Division Leaders
in the Company Profile Chapter of this Annual Report.
MEETINGS AND IMPLEMENTATION OF THE TASKS OF THE CREDIT COMMITTEE
Number
Committee Committee
No. Meeting Date Agenda Initiator Division of
Decision Attendance
Agendas
1. January 5, 2023 Credit Implementation Corporate and Syndicated Commercial Loans 1 Approved 100%
2. January 9, 2023 Credit Implementation Corporate and Syndicated Commercial Loans 1 Approved 100%
3. February 8, 2023 Credit Implementation Corporate and Syndicated Commercial Loans 1 Approved 100%
4. February 16, 2023 Credit Implementation Corporate and Syndicated Commercial Loans 1 Approved 100%
5. February 28, 2023
Credit Implementation Corporate and Syndicated Commercial Loans 1 Approved 100%
6. March 8, 2023
7. March 13, 2023 Credit Implementation Corporate and Syndicated Commercial Loans 1 Approved 100%
8. March 21, 2023 Credit Implementation Corporate and Syndicated Commercial Loans 1 Approved 100%
9. March 30, 2023 Credit Implementation Corporate and Syndicated Commercial Loans 1 Approved 100%
10. April 5, 2023 Credit Implementation Corporate and Syndicated Commercial Loans 2 Approved 100%
11. April 12, 2023 Credit Implementation Corporate and Syndicated Commercial Loans 1 Approved 100%
12. April 12, 2023 Credit Implementation Corporate and Syndicated Commercial Loans 1 Approved 100%
13. April 14, 2023 Credit Implementation Corporate and Syndicated Commercial Loans 1 Approved 100%
14. May 11, 2023 Credit Implementation Corporate and Syndicated Commercial Loans 1 Approved 100%
15. May 26, 2023 Credit Implementation Retail & Medium Credit 1 Approved 100%
16. June 7, 2023 Credit Implementation Corporate and Syndicated Commercial Loans 1 Approved 100%
17. June 14, 2023 Credit Implementation Corporate and Syndicated Commercial Loans 1 Approved 100%
18. June 26, 2023 Credit Implementation Corporate and Syndicated Commercial Loans 1 Approved 100%
November 16,
19. Credit Implementation Corporate and Syndicated Commercial Loans 1 Approved 100%
2023
November 17,
20. Credit Implementation Corporate and Syndicated Commercial Loans 1 Approved 100%
2023
November 17,
21.
2023
Credit Implementation Corporate and Syndicated Commercial Loans 1 Approved 100%
November 22,
22.
2023
23. December 1, 2023 Credit Implementation Corporate and Syndicated Commercial Loans 1 Approved 100%
24. December 28, 2023 Implementasi Kredit Consumer Credit 1 Approved 100%
PT Bank Pembangunan Daerah Jawa Timur Tbk
438 Annual Report 2023
Page 441
CORPORATE
GOVERNANCE
Credit Restructurisation Committee
Number
Committee Committee
No. Meeting Date Agenda Initiator Division of
Decision Attendance
Agendas
1. January 16, 2023 Credit Restructurisation Corporate and Syndicated Commercial Loans 2 Approved 100%
2. March 27, 2023 Credit Restructurisation Corporate and Syndicated Commercial Loans 1 Approved 100%
3. April 14, 2023 Credit Restructurisation Corporate and Syndicated Commercial Loans 1 Approved 100%
4. April 14, 2023 Credit Restructurisation Corporate and Syndicated Commercial Loans 1 Approved 100%
5. September 26, 2023 Credit Restructurisation Corporate and Syndicated Commercial Loans 2 Approved 100%
6. December 13, 2023 Credit Restructurisation Corporate and Syndicated Commercial Loans 2 Approved 100%
Term Loan Facility (TLF) Committee
Number of Committee Committee
No. Meeting Date Agenda Initiator Division
Agendas Decision Attendance
1. December 21, 2023 Term Loan Facility International Bankint 1 Approved 100%
Financing Implementation Committee
Number of
No. Meeting Date Agenda Initiator Division Committee Results Attendance
Agendas
Financing Implementation Sharia Business A1 Committee- Approved
1 March 3, 2023 1 100%
Committee Division with remarks
Financing Implementation Sharia Business A3 Committee- Approved
2 March 20, 2023 1 100%
Committee Division with remarks
Financing Implementation Sharia Business A3 Committee- Approved
3 August 2, 2023 1 100%
Committee Division with remarks
September 22, Financing Implementation Sharia Business A1 Committee- Approved
4 1 100%
2023 Committee Division with remarks
Financing Implementation Sharia Business A1 Committee- Approved
5 December 14, 2023 1 100%
Committee Division with remarks
Financing Restructurisation Committee
Number
Initiator
No. Meeting Date Agenda of Committee Results Attendance
Division
Agendas
Syndication Financing Sharia Business A1 Committee-
1 April 14, 2023 1 100%
Restructurisation Committee Division Approved with remarks
Credit and Financing Write-Off Committee
Number
Committee
No. Meeting Date Agenda Initiator Division of Attendance
Results
Agendas
Credit Committee (A2) for Write-off Division of Credit
1 June 26, 2023 Credit/Financing for the June 2023 Restructuring and 1 Approved 100%
Period Recovery
Credit Committee (A2) for Write-off Division of Credit
Approved with
2 December 27, 2023 Credit/Financing for the December Restructuring and 1 100%
remarks
2023 Period Recovery
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 439
Page 442
CREDIT POLICY COMMITTEE
Credit Policy Committee, hereinafter abbreviated as KKP, is a This committee was formed with the aim of supporting sound
committee formed by the Board of Directors in the framework lending and monitoring from the initial submission process to
of credit policy management that aims to support the provision implementation using the precautionary principle. In the Credit
of sound credit and contains elements of internal control from Policy can be divided into 2 namely:
the initial stage of the credit activity process to the credit a. Credit Policy Committee
monitoring stage by observing the principle of prudence. b. Financing Policy Committee
STRUCTURE AND MEMBERSHIP OF CREDIT POLICY COMMITTE
Position Accorded by Voting Rights Status
Chairman President Director Have voting rights
Substitute Chairman 1. Commercial and Corporate Director, or Have voting rights
2. Director of Consumer Retail & Sharia Business
Secretary Operations Division Have no voting rights
Permanent member 1. Board of Directors Have voting rights
• Director of Consumer Retail & Sharia Business
• Director of Finance
• Director of IT and Operations
• Business Risk Director
2. Division
• Business Risk Division
• Commercial, Corporate & Syndication Credit Division
• Consumer Credit Division
• Microcredit, Retail & Program Division
• Strategic Planning & Performance Management Division
• Treasury Division
• Credit Rescue & Settlement Division
Non-Permanent Member 1. Board of Directors Have no voting rights
• Director of Compliance & Risk Management
2. Division
• Compliance & Governance Division
• Internal Audit Division
• Legal Division
• Human Capital Division
• Corporate Risk Management Division
DUTIES, AUTHORITY, AND RESPONSIBILITIES OF CREDIT POLICY COMMITTEE
The tasks of the Credit Policy Committee include:
1. Assist in the formulation of policies and strategies for credit The authority and responsibility of the Credit Policy Committee
or financing proposed by each Credit or Financing Division are:
before being established in the Credit Policy Committee 1. Provide proposals/input to the Credit Policy Committee for
meeting; the formulation of policies, strategies, and guidelines;
2. Assist in the review process of changes in the 2. Provide proposals/input to the Credit Policy Committee for
implementation guidelines for credit or financing based monitoring, evaluation, improvement, and refinement of
on changes in regulations from external parties such as the implementation of existing products.
banking regulators and internal changes; 3. Provide proposals/input to the Credit Policy Committee for
3. Provide advice on the fundamentals of the development justifying matters related to business decisions that deviate
and changes in the implementation guidelines in the field from normal procedures (irregularities), such as:
of credit or financing; a. Decisions on the development of credit or financing
4. Provide advice on improvement measures related to : products related to business needs not mentioned in
a. Supervision results of the implementation of Credit the Bank’s business plan;
Policy and Administrationfor Credit or Financing; and b. Take positions/exposures to risks resulting from the
b. Monitoring and evaluation results related to the implementation of credit or financing products.
implementation of KPA for Credit and or Financing.
PT Bank Pembangunan Daerah Jawa Timur Tbk
440 Annual Report 2023
Page 443
CORPORATE
GOVERNANCE
PROFILE OF MEMBERS OF THE CREDIT POLICY COMMITTEE
Profiles of Credit Policy Committee Members can be seen in the Profiles of the Directors and Division Leaders in the Company Profile
Chapter in this Annual Report.
STATEMENT OF INDEPENDENCE OF THE CREDIT POLICY COMMITTEE
All committee members have no affiliation with other Directors, Commissioners or Controlling Shareholders, are not shareholders of
the Company which could affect their ability to act independently, Commissioners, Directors and employees from companies that
have affiliations or business with the Bank.
MEETINGS AND IMPLEMENTATION OF DUTIES OF THE CREDIT POLICY COMMITTEE
Number of Committee Attendance
No. Meeting Date Agenda Initiator Division
Agen-das Results (%)
1. Review of Cash and
Non-Cash Credit or
Financing Approval
Authority Limits
(LKPK/P) with or
without Committee
2. Review of Cash and
1. June 14, 2023 Non-Cash Credit or Risk Management Division 3 Approved 100%
Financing Approval
Authority Limits
(LKPK/P).
3. Review Limit On The
Spot (OTS) in the
Credit or Financing
Process
Product and Network Committee
PRODUCT COMMITTEE
The Product Committee is established for the management of policies and monitoring of products to ensure success in developing
and evaluating products in line with the Bank’s business plan.
STRUCTURE AND MEMBERSHIP OF THE PRODUCT COMMITTEE
Position Accorded by Voting Rights Status
Chairman President director Have voting rights
a. Director of Operations; or Have voting rights
Substitute Chairman
b. Director of IT and Digital
a. VP of Product Development; or Have no voting rights
Secretary
b. VP of Digital Banking
a. Director of Field; a. Have voting rights
Permanent member b. Director of Compliance; And b. Have no voting rights
c. SEVP of the Related Division c. Have voting rights
a. VP of the Related Division; and Have no voting rights
Invitation
b. AVP of the Related Business Unit
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 441
Page 444
DUTIES, AUTHORITY, AND RESPONSIBILITIES OF PRODUCT PRODUCT COMMITTEE MEMBERS PROFILE
COMMITTEE Profiles of Product, Network and Procedure Committee For
Duties and Authorities Product Members can be seen in the Profiles of the Directors and
1. Deliberate, establish, and evaluate business strategies the Profile of Division Leaders in the Company Profile Chapter in
through product development, encompassing both digital this Annual Report.
and non-digital aspects, covering conventional and Sharia
products. This includes the development of new and STATEMENT OF INDEPENDENCE OF THE PRODUCT
advanced products. COMMITTEE
2. Monitor and evaluate the performance of products and All committee members have no affiliation with Other
make decisions regarding product sustainability based on Directors, Commissioners or Controlling Shareholders, are not
initiator recommendations (whether to continue, develop, shareholders of the Company which can affect their ability to
cease, or close a product). act independently, Commissioners, Directors or employees of
3. Discuss and resolve strategic business issues related to companies that have affiliation or business with the Bank.
product development.
MEETINGS AND IMPLEMENTATION OF DUTIES OF THE
Responsibilities PRODUCT COMMITTEE
1. Execute tasks, particularly those related to product Throughout the year 2023, there were no implementation of
development, professionally, optimally, accurately, securely, product committee meetings, and the process was underway
and competitively. for updating internal provisions related to changes in the
2. Ensure that product development and its policies align with Grand Design Organizational Structure. The update of the
the established business strategy. Product Committee SOP had been carried out, and the
Product Committee SOP had been issued through the Board of
Directors Decree of PT Bank Pembangunan Daerah Jawa Timur
Tbk No. 062/03/80/DIR/PGP/DEC dated December 29, 2023.
PT Bank Pembangunan Daerah Jawa Timur Tbk
442 Annual Report 2023
Page 445
CORPORATE
GOVERNANCE
NETWORK COMMITTEE
Network Committee acts as a compiler for the implementation of development, status changes and/or network closures as well as
determining the class of branches and sub-branches in network classification. The PJP Network Sector Committee functions as a
forum for policy management and monitoring effectiveness of the Bank’s network to ensure success in creating optimal profits.
STRUCTURE AND MEMBERSHIP OF THE NETWORK COMMITTEE
Position Accorded by Voting Rights Status
Chairman President director Have voting rights
Chairman 1 Director of Operations Have voting rights
Chairman 2 SEVP Network & Services Have voting rights
Secretary VP of Network Management & Services Have voting rights
Vice Secretary AVP of Branch Management Have voting rights
1. VP of General Affairs Have voting rights and can be represented
Member 2. VP of Human Capital
3. VP of Corporate Risk Management
Invitation Relevant Branch Manager (end user) Have no voting rights
DESCRIPTION OF DUTIES, AUTHORITY AND 4. Determine the amount of investment and the budget for
RESPONSIBILITIES OF THE NETWORK COMMITTEE opening, changing status and/or closing the network.
Duties of the Branch Network Development Team include: 5. Determine the boundaries of the division of areas and
1. Develop policies and strategies for network development organizational structure on the network.
that are tailored to the needs and provide direction for 6. Decide on the results of network performance optimization;
optimization and effectiveness of network performance. 7. Decide the class of branches and sub-branches of the
2. Directing and evaluating the network development network classification results.
strategy; 8. Determine the classification system and final mapping
3. Provide opinions or the latest issues regarding network results.
development.
4. Monitor evaluation results and proposed changes in status Responsibilities
and/or closure of office networks. 1. Responsible for the implementation of the network
5. Provide recommendations: development strategy;
a. Types of networks eligible to open. 2. Responsible for network classification implementation.
b. Withdrawal/transfer of human capital on plans for 3. Responsible for the evaluation of network development
downgrading and/or closing office networks. implementation.
c. Readiness/availability of filling and placement of
human capital in the office network development plan; PROFILE OF NETWORK COMMITTEE MEMBERS
6. Monitor the results of network performance optimization. Profiles of Product, Network and Procedure Committee For
7. Monitor the results of evaluating changes in the class of Network Members can be seen in the Profiles of the Directors
branches and sub-branches in the network classification; and the Profile of Division Leaders in the Company Profile
8. Provide recommendations for changes to the class of Chapter in this Annual Report.
branches and sub-branches in the network classification.
STATEMENT OF INDEPENDENCE OF THE NETWORK
Authorities of the Branch Network Development Team are as COMMITTEE
follows: All committee members have no affiliation with Other
1. Establish and decide on a customized network development Directors, Commissioners or Controlling Shareholders, are not
policy and strategy. shareholders of the Company which may affect their ability to
2. Deciding on the type and number of networks included in act independently, Commissioners, Directors or employees of
the Bank’s Business Plan. companies that have affiliation or business with the Bank.
3. Decide on changes in status/closure of office networks after
evaluation by the related unit.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 443
Page 446
IMPLEMENTATION OF DUTIES OF THE NETWORK COMMITTEE
Number
Committee
No. Meeting Date Agenda Initiator Division of Attendance
Results
Agenda
Network & Service
1 April 5, 2023 Network Opening and Relocation 10 Approved 100%
Management Division
Network & Service
2 July 5, 2023 Network Expansion 1 Approved 100%
Management Division
Upgrading Branch Status to Sub- Network & Service
3 July 21, 2023 4 Approved 100%
Branch (KCP) and Network Relocation Management Division
Implementation of Governance In Provision of Remuneration for Commercial Banks In
Accordance With POJK 45/POJK.03/2015
Basis of Remuneration Determination It is a condition where the MRT has been proven to have
committed fraud through a decision that has permanent
The basis for the preparation of the determination of legal force (inkracht van gewijsde).
remuneration, namely: 2. Variable remuneration must be deferred at a certain
1. Law Number 40 of 2007 dated August 16, 2007 concerning percentage determined by the Company.
Limited Liability Companies. 3. The Malus implementation procedure is carried out by
2. Financial Services Authority Regulation No. 17/ suspending or canceling the remuneration that is still
POJK.03/2023 dated September 14, 2023, concerning the suspended if certain conditions occur according to point 1
Implementation of Governance for Commercial Banks. above.
3. Financial Services Authority Regulation (POJK) number
45/POJK.03/2016 dated December 23, 2016 concerning Remuneration and Nomination Committee
Implementation of Governance in Providing Remuneration
for Commercial Banks. The Board of Commissioners formed a Remuneration and
4. Circular of the Financial Services Authority Number 40/ Nomination Committee which aimed to assist in carrying out
SEOJK.03/2016 dated September 26, 2016 concerning its functions and duties in areas related to the remuneration
Implementation of Governance in Providing Remuneration and nomination of members of the Board of Directors and the
for Commercial Banks. Board of Commissioners. The remuneration and nomination
5. Bank Jatim Articles of Association. committee had duties and responsibilities, including:
1. Regarding the mandatory remuneration policy:
Based on the application of the Financial Services Authority a. Evaluating the remuneration policy based on
Regulation POJK Number 45/POJK.03/2015 concerning the performance, risk, fairness and peer group, long-term
Implementation of Governance in Providing Remuneration for goals and strategies of the Bank, fulfillment of reserves
Commercial Banks, Bank Jatim implemented governance in the as stipulated in legislation and potential future bank
provision of remuneration which considered several aspects earnings;
including bank ability and appropriateness, competitive, fair b. Delivering evaluation results and recommendations
and based on risk could be accounted for and in accordance to the Board of Commissioners regarding the
with the prevailing laws and regulations. The Company might remuneration policy for the Board of Directors and the
postpone the provision of deferred variable remuneration Board of Commissioners to be submitted to the GMS.
(malus) or withdraw the variable remuneration that had been c. Delivering evaluation results and recommendations
paid (clawback) to officials classified as Material Risk Taker to the Board of Commissioners regarding the overall
(MRT), with the following conditions: remuneration policy for employees to be submitted to
1. The Company may postpone the payment of deferred the Board of Directors;
variable Remuneration (malus) to Material Risk Taker under d. Ensuring that the remuneration policy is in accordance
certain conditions, namely: with applicable regulations; e. Conducting periodic
- The Bank experience bankruptcy. evaluations of the implementation of the remuneration
Namely a condition in which the Bank’s balance sheet polic.
(Profit and Loss Statement) experiences a loss (negative e. Conduct regular evaluations of the implementation of
profit). remuneration policies.
- There was a fraud committed by Material Risk Takers
that caused losses to the Bank.
PT Bank Pembangunan Daerah Jawa Timur Tbk
444 Annual Report 2023
Page 447
CORPORATE
GOVERNANCE
2. Regarding the mandatory nomination policy: Performance Measurement Associated with
a. Preparing and providing recommendations regarding Remuneration
the system and procedure for selecting and / or
replacing members of the Board of Directors and Bank Jatim applied competency-based remuneration by
members of the Board of Commissioners to the Board measuring performance related to remuneration including
of Commissioners to be submitted to the GMS; a review of remuneration policies related to performance
b. Providing recommendations regarding candidate appraisal, methods of linking individual remuneration with
members of the Board of Directors and / or candidates Bank Jatim performance. Performance appraisal used a Key
for members of the Board of Commissioners to the Performance Indicator (KPI) which consisted of an individual
Board of Commissioners to be submitted to the GMS; performance assessment and each work unit.
c. Providing recommendations regarding Independent
Parties who would become members of the audit The application of the remuneration strategy was also carried
committee to the Board of Commissioners in out by taking into account the performance of each individual
accordance with applicable regulations. employee (based on performance) and the performance of
the work unit while still paying attention to the availability
Scope of Remuneration Policy and its of the company’s budget. In general, Bank Jatim provided
Implementation remuneration to employees in the form of monthly salaries,
Overtime Allowance, Meal Allowance, Periodic Salary Increase,
In relation to the enactment of OJK Regulation No. 45/ Holiday Allowance (THR), Annual Leave Pay, Extended Leave
POJK.03/2015 concerning the Implementation of Governance Allowance, Communication Allowance, Car Allowance Program
in Providing Remuneration for Commercial Banks, Bank Jatim (CAP), Motor Allowance Program (MAP), Structural Allowance,
has established a remuneration policy for the Company’s Incentives, Performance Bonus, and Production Incentive. Bank
Board of Directors, which was approved through the Board of Jatim also provided health facilities for employees and their
Commissioners’ Decree dated January 18, 2023, and the Board families including inpatient care, outpatient care, childbirth,
of Directors’ Decree dated April 18, 2023, related to the Total general check-ups, replacement of glasses and outpatient
Reward policy for employees. The remuneration policy was assistance programs for Bank Jatim pensioners.
the bank’s strategy in providing rewards to employees, which
were adjusted to the Bank’s ability to accommodate changes in Remuneration Adjustment Associated With
employee demographics, managing labor costs, and in order Performance and Risk
to encourage the achievement of Bank Jatim’s business goals.
Bank Jatim remuneration was prepared with the aim of being Bank Jatim provided remuneration that was variable in nature,
able to attract, maintain, motivate, and increase employee namely remuneration that was linked to performance and risks,
engagement in order to continuously provide optimal including performance bonuses, production services, bonuses
performance, support the vision, mission and strategy of Bank and other forms of remuneration that could be equated with
Jatim. this. Remuneration in the form of tantiem could be given in
cash and in shares issued by Bank Jatim with the provisions
Bank Jatim sets the remuneration into 2 (two), namely: stipulated in the Decree of the Board of Commissioners dated
1. Permanent Remuneration January 18, 2023.
- Remuneration policies that are permanent in nature at
least pay attention to: The Process of Preparing a Remuneration
Business scale, complexity, peer group, inflation, Policy
financial conditions, capabilities, applicable laws,
and regulations. The fixed remuneration consists of The remuneration policy became one of the important factors in
an honorarium, housing allowance, Communication obtaining and/or retaining competent and qualified employees,
Allowance, Holiday Allowance, Leave Allowance, executive officers, Directors and Board of Commissioners.
Health Facilities/Costs, and other Facilities/Allowances The remuneration policy became Bank Jatim’s strategy in
determined by the Bank. This remuneration is unrelated providing rewards that were adjusted to Bank Jatim’s ability to
to performance. accommodate changes in employee demographics, managing
2. Variable remuneration consists of labor costs, and in order to encourage the achievement of
The variable component of remuneration is linked to Bank Jatim’s business goals. Bank Jatim remuneration was
performance and risk, including bonuses (tantiem) and prepared with the aim of being able to attract, retain, motivate,
other Facilities/Allowances determined by the Bank as and increase employee engagement in order to continuously
remuneration provided based on performance. Tantiem is provide optimal performance, support the vision, mission
granted in the form of cash and shares or stock instruments and strategy of Bank Jatim. Bank Jatim remuneration policy
issued by Bank Jatim. formulation considered:
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 445
Page 448
1. The creation of effective risk management. Variable Remuneration
- The remuneration policy had to be able to trigger an
increase in performance. Bank Jatim provides variable remuneration in the form of
2. Financial Stability; performance bonuses, production services, tantiem and other
- The remuneration policy also considered inflation and forms of remuneration that can be equated with that.
the Bank’s financial condition.
3. Adequacy and capital of the Bank; Number of Directors, Board of Commissioners
- The remuneration policy could maintain the continuity and Employees That Receive Variable
of the Bank’s business in order to be able to survive and Remuneration for 1 (one) Year
develop, and be able to compete in the global market
and in its peer groups. The Bank’s capital adequacy
included capital adequacy in order to comply with Position Total
regulatory capital and the Individual Capital Adequacy
Board of Commissioners 5 persons
Assessment Process (ICAAP).
4. Long-term and short-term liquidity needs; Board of Directors 7 persons
- The remuneration policy had to consider the Bank’s
Employees 4.671 persons
ability.
5. Potential future income;
- The remuneration policy had to be in accordance with Position and Number of Parties That are
the Bank’s long-term strategy. Material Risk Takers
Name of Extern Consultants and Duties of
Consultants Related to Remuneration Policy Position Total
Board of Commissioners 5 persons
In determining the remuneration policy, the Bank cooperates
with GML Consulting whose task is to conduct benchmarking Board of Directors 7 persons
and/or Salary Survey as per the Bank’s requests on remuneration
policies. This ensures that the Bank stays abreast of workforce
market trends. Shares Options Owned by Directors, Board of
Commissioners, and Executive Officers
Remuneration Package and Facilities Received
by The Board of Directors and Board of A description of the Shares Options Owned by the Board of
Commissioners Directors, Board of Commissioners and Executive Officers is
explained in the Performance-Based Long-Term Compensation
The remuneration package and facilities received by the Board Policy section of the Corporate Governance Chapter in this
of Directors and the Board of Commissioners have been Annual Report.
presented in the Sub-Title of Remuneration of the Board of
Commissioners and Directors of the Corporate Governance
Chapter in this Annual Report.
Highest and Lowest Salary Ratio
Description Ratio
President Commissioner’s Salary with Other Commissioners 1,11 : 1
President Director’s Salary with other Directors 1,25 : 1
President Director’s Salary with the highest Employee Salary 2,38 : 1
Director Salary with the Highest Employee Salary 1,90 : 1
Highest Employee Salary with Lowest Employee 12,29 : 1
PT Bank Pembangunan Daerah Jawa Timur Tbk
446 Annual Report 2023
Page 449
CORPORATE
GOVERNANCE
Number of Recipients and Total Amount of Variable Remuneration Guaranteed Without Condition
Position Total Amount (in millions of Rupiah)
Board of Commissioners 4 persons 251.100.000,-
Board of Directors 6 persons 600.000.000,-
Number of Recipients and Total Amount of Variable Remuneration Guaranteed Without Condition
Information Number of Employees Severance (in millions of Rupiah)
Dismissed 26 237.395.805,24
Passed away 7 1.696.250.978,86
Pension 90 33.666.634.657,75
Grand Total 123 35.600.281.441,85
Total Amount of Delayed Variable Remuneration
Position Total Amounts
Board of Commissioners 5 persons 505.546.323,79
Board of Directors 6 persons 887.290.106,65
Total Amount of Delayed Variable Remuneration Paid For 1 (one) Year
Position Total Amounts
Board of Directors 5 persons 941.116.263,63
Total Remuneration Provided in One Year
Position Total Amounts
Board of Commissioners 5 persons 15.129.704.673,37
Board of Directors 7 persons 33.962.469.135,19
Quantitative Information
Total Deductions During the Reporting Period
Types of Variable Remuneration*) Remaining Pending Caused Explicit Caused Implicit Total
Adjustment (A) Adjustment (B) (A)+(B)
Cash (in million rupiah) 1.653.519.230,88 - - -
Shares/share-based instruments issued by the Bank
(in shares and a nominal value of millions of rupiah
which is the conversion of the said shares) 1.363.714.404,01 - - -
Total 3.017.233.634,89 - - -
Remarks: *) Only for MRT
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 447
Page 450
3. The Independent Auditor’s Report on the Financial
Public Accountant Statements for the period ending December 31, 2023 with
comparative figures for the period ending December 31,
External Audit Function 2022 in the form of:
a. Financial Report;
Based on the Financial Services Authority Regulation No. 32/ b. Statement of Profit and Loss and Other Comprehensive
POJK.03/2016 concerning Amendments to Financial Services Income;
Regulation No. 6/POJK.03/2015 concerning Transparency c. Statement of Changes in Equity;
and Publication of Bank Reports, an audit of the Bank Jatim d. Cash flow statement;
Financial Statements for the 2023 financial year has been e. Publication Reports;
carried out by an independent, competent, professional, and f. Notes to the Financial Statements, including information
objective public accountant following the Public Accountant regarding commitments and contingencies;
Professional Standards, as well as work agreements and scope g. Other reports according to:
established audits. - Decree of the Chairman of the Capital Market
and Financial Institution Supervisory Agency No:
For the audit process to follow the Professional Standards KEP-347/ BL/2012 Regulation VIII.G.7 concerning
for Accountants and work agreements and the audit scope Presentation and Disclosure of Financial Statements
that has been determined and completed according to a of Issuers or Public Companies.
predetermined time target, meetings are routinely held to - Decree of the Board of Directors of the Jakarta
discuss several significant essential issues. Bank Jatim is always Stock Exchange Number: Kep-306/BEJ/07-2004
trying to improve communication between Public Accountants, concerning regulation Number I-E concerning
the Audit Committee, and the management of Bank Jatim to Obligations for Submitting Information. The
minimize problems during the audit process. presentation of this information is provided in
2 (two) versions, both in Bahasa Indonesia and
The appointment of a Public Accounting Firm and audit English (Bilingual), comprising 1 (one) original and
fees follow POJK No.13/POJK.03/2017 and SEOJK No. 36/ 50 (fifty) hard copies, including the soft copy.
SEOJK.03/2017 and the resolutions of the Annual GMS. Public 4. Report Management Letter (ML) in Indonesian in 10 (ten)
Accounting Firm and Public Accountant (partner in charge) copies including the softcopy.
registered with the Financial Services Authority. 5. Independent Auditor’s Report on compliance with laws
and regulations and internal control in accordance
Appointment of Public Accountant with Statement of Auditing Standards (PSA) No. 62 in
Indonesian, a total of 10 (ten) copies including the softcopy.
Appointing a Public Accountant and KAP starts from the 6. The results of the inspection are in the form of documents
recommendation of the Board of Commissioners submitted to specified in the scope of the Public Accountant Services
the GMS. The audit of Bank Jatim’s financial statements ending Work for Examining the Financial Statements of PT Bank
December 31, 2023 was carried out based on the Cooperation Pembangunan Daerah Jawa Timur, Tbk which ends on
Agreement First Party Number 062/137/DIR/AMK/PKS and December 31, 2023, including the Sharia Business Unit
Second Party Number E095.XI/ADH/2023 dated November along with working papers including other documents
22, 2023 to PUBLIC ACCOUNTING OFFICE (PAO) PAUL related to the audit, which belong to the PT East Lawa
HADIWINATA, HIDAJAT , ARSONO, RETNO, PALILINGAN & Regional Development Bank, Tbk.
PARTNERS with an audit fee of IDR1,175,000,000 (One Billion 7. Public Accounting Firm Paul Hadiwinata, Hidajat, Arsono,
One Hundred Seventy Five Million Rupiah) including VAT. Retno, Palilingan & Partners have communicated with
the Financial Services Authority (OJK) for discussions
Services of the Public Accounting Firm to Banks include: regarding the scope of the audit of the Bank Jatim Financial
1. Declaration of Independence Letter to Bank Jatim; Statements which ended on December 31, 2023.
2. inspection schedule including interim inspection schedule;
PT Bank Pembangunan Daerah Jawa Timur Tbk
448 Annual Report 2023
Page 451
CORPORATE
GOVERNANCE
Public Accounting Firms, Accountant Names and Audit Service Fees
Table of Public Accounting Firms, Accountant Names and Audit Service Fees.
Name of
Audit Service
Accountant
Year Public Accounting Firm PAF period AP Period Fee (Million
(Partner in
Rupiah)
Charge)
2023 Paul Hadiwinata, Hidajat, Arsono, Retno, 2nd period 2nd period 1.175
Ary Daniel H
Palilingan & Partners
2022 Paul Hadiwinata, Hidajat, Arsono, Retno, 1st period 1st period 1.121
Ary Daniel H
Palilingan & Partners
2021 Kanaka Puradiredja, Suhartono 1st period Florus Daeli 1st period 1.300
2020 Amir Abadi Jusuf, Aryanto, Mawar & Rekan 1st period 2nd period 1.485
Bimo Iman Santoso
(RSM Indonesia)
2019 Paul Hadiwinata, Hidajat, Arsono, Retno, 3rd period 2nd period 960
Gideon
Palilingan & Partners
2018 Paul Hadiwinata, Hidajat, Arsono, Retno, 2nd period 1st period 940
Gideon
Palilingan & Partners
2017 Paul Hadiwinata, Hidajat, Arsono, Retno, 1st period 1st period 570
Ary Daniel H
Palilingan & Partners
2016 Hendrawinata Eddy Siddharta & Tanzil 2nd period Rita Susilowati 2nd period 840
2015 Hendrawinata Eddy Siddharta & Tanzil 1st period Rita Susilowati 1st period 900
2014 Purwantono, Suherman & Surja (Ernst & Young) 5th period Sinarta 3rd period 980
2013 Purwantono, Suherman & Surja (Ernst & Young) 4th period Sinarta 2nd period 900
2012 Purwantono, Suherman & Surja (Ernst & Young) 3rd period Sinarta 1st period 675
2011 Purwantono, Suherman & Surja (Ernst & Young) 2nd period Drs. Hari Purwantono 2nd period 795
Other Services Provided by Accountants The Internal Control System (SPI) is a monitoring mechanism
established by the management of Bank Jatim on an
During 2023, there are no other services provided by ongoing basis. An effective SPI is an essential component in
accountants. management and forms the basis for sound and safe Bank
operational activities. Implementing an effective internal
Internal Control System control system can assist Bank management in safeguarding
Bank assets, increasing Bank compliance with applicable
In order to create and improve the quality of risk management laws and regulations, and reducing the occurrence of losses,
implementation that supported the effectiveness of a riskbased deviations, and violations of prudential aspects.
Bank supervision framework, Bank Jatim was required to have
an Internal Control System (SPI) that was reliable and effective mplementing a reliable and effective internal control system for
in managing its risk which was determined by the Bank’s the Bank is the responsibility of all risk-taker units, support units,
management on an ongoing basis, in order to: and the Internal Audit Division. The internal control system for
1. Safeguard and secure the assets of the Bank. risk refers to the overall internal control system, which includes:
2. Ensure the availability of more accurate reports. 1. The Bank implements an effective internal control system
3. Increase compliance with applicable regulations. in implementing Risk Management regarding established
4. Reduce the financial impact or the impact of losses, policies and procedures. Applying the principle of
irregularities including fraud and violations of prudential segregation of functions (four eyes) is sufficient, and the
aspects. principle is implemented consistently.
5. Increase organizational effectiveness and increase cost 2. Comprehensive internal control system in the
efficiency. implementation of Risk Management
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 449
Page 452
3. Implementation of a review of the implementation of Risk The adequacy of the Bank’s internal control was assessed
Management based on the controls inherent in activities in accordance with
4. The results of the review assessment by the Company’s the policies, systems and procedures implemented including
Risk Management Division are submitted to the Board of activity control, physical control, compliance and limit
Commissioners, Internal Audit Division, Compliance and provisions, reconciliation procedures, separation of functions
Risk Management Director, Audit Committee, and other and other elements of control.
relevant Directors as input in order to improve the Risk
Management framework. Risk Assessment
5. Improvements to the findings of internal and external audits
monitored by the Internal Audit Division. The Internal Audit Measurement of Risk was the identification of entities and
Division informs audit findings that have yet to be followed analysis of relevant risks to achieve their goals forming a
up to the Board of Directors to take the necessary steps. basis for discovering how risks should be managed. Bank Risk
6. The level of responsiveness to weaknesses and/or Assessment became a series of activities to identify, measure,
deviations that occur against the applicable internal and monitor and control risks. Risk Assessment was carried out on
external regulations. all types of risks inherent in the Bank’s processes / activities.
Purpose Bank-wide risk assessment was carried out by the risk
management unit (SKMR) on a quarterly basis as outlined in the
1. Compliance with statutory provisions and regulations or Bank’s risk profile report. The assessment covered all risks faced
compliance objectives. by the Bank which included credit risk, market risk, liquidity risk,
2. The objective of compliance was to ensure that all of the operational risk, legal risk, reputation risk, strategic risk and
Bank’s business activities were carried out in accordance compliance risk.
with the laws and regulations, both those issued by the
government, FSA, Bank Indonesia as well as internal Control Activities - Financial and Operational
policies, regulations and procedures stipulated by the Control
Bank.
3. The availability of financial and management information Controls were classified as policies and procedures related to
that was complete, accurate, appropriate, and timely or performance reviews, information processing, physical controls,
information purposes. and segregation of duties.
4. The purpose of information was intended to ensure the
availability of complete, accurate, efficient, and timely Reviewing the performance of Branches and Supporting
reports required in order to make appropriate and Branches compared to predetermined targets is routinely
accountable decisions. carried out every 4 (four) months by the Board of Directors,
5. Effectiveness and efficiency in the Bank’s business activities which was carried out on August 3, 2023 and August 4, 2023
or operational objectives. (Review Cawu II 2023). This will encourage control activities at
6. Operational objectives were intended to increase the Branches and Sub-Branch Offices, especially regarding control
effectiveness and efficiency of the use of assets and other of performance targets for Third Party Funds, Loans, Liquidity
resources in order to protect the Bank from the risk of loss. Ratios, Earning Assets Quality, Earnings, Effectiveness, and
7. Increasing the effectiveness of the risk culture in the Bank’s Efficiency. However, in the event of a decline or failure to
organization as a whole or the objectives of the risk culture. achieve operational performance, the Board of Directors
8. The objective of risk culture was intended to identify coordinates the areas that cause the decline in performance
weaknesses and assess deviations early as well as to by making action plans for future improvements and intensive
continuously assess the reasonableness of existing policies monitoring
and procedures in the Bank.
The Internal Audit Division also conducts an examination of the
Environment of Control organizational structure at Branch Offices, Sub-Branch Offices,
and Cash Offices based on sampling, which includes vacancies,
The control environment provided direction for the organization segregation of duties, concurrent positions, and competence
and affected the controlling awareness of the people within the of officers in carrying out operational activities during the
organization. Factors that influenced the control environment General Audit.
were integrity and ethical values, commitment to competence,
the Board of Directors and the Audit Committee, management Information System Control through TSI examination with
style and operating style, organizational structure, granting of the scope of Information Technology (IT) Audit covering
authority and responsibility, HR practices and policies. Management & Governance; Development & Operations
Process and Security Management. In addition, as an
PT Bank Pembangunan Daerah Jawa Timur Tbk
450 Annual Report 2023
Page 453
CORPORATE
GOVERNANCE
obligation to comply with regulatory authorities, thematic In improving the effectiveness of controlling compliance with
examinations of the Indonesian National Standard ISO laws and regulations, the Compliance Unit has carried out its
27001:2013 for Information Security Management System and duties, among others, to improve the culture of compliance
ISO 20000:2018 for Core Banking System Service Management in work units both offline and online, and to continuously
System, JConnet Internet Banking, JConnet Mobile Banking, improve employee understanding on the applicable rules and
and JConnet SMS Banking of Bank Jatim are conducted. The regulations, identify, measure, monitor, and control compliance
examination scope includes an assessment (gap analysis) of the risk to minimize the occurrence of compliance risk by using an
Bank’s internal policies and procedures against the Indonesian application that will be built through a web portal, as well as
National Standard ISO. developing a compliance portal so that it can function effectively
to support the performance of all work units. , as well as
Documentation Control, ensured that: integrating external requirements summary working papers on
a. Documentation of policies, procedures, systems, the compliance portal.
accounting standards, and adequate audit trail processes
that are easily accessible to all Bank Jatim employees Information and Communication
through the Compliance Portal.
b. Easy access to documentation if needed for examination Information and Communication became the identification,
purposes. capture and exchange of information in a form and time that
c. Adequate document accuracy and availability. enables people to carry out their responsibilities. Strengthen
effective communication channels with systems enabled the
Separation of Functions information and communication distribution immediately and
The separation of functions was intended so that everyone in accurately to reinforce the understanding and implementation of
his position did not have the opportunity to commit and hide internal control objectives, processes, and responsibilities involving
mistakes or deviations in the implementation of his duties. the the Board of Commissioners, Management, related Divisions to
Branch organizational structure, the functions of credit analysis employees, as designed to provide adequate assurance about
and business administration and legal officers have been achievement the purpose of the Bank.
separated. The subordinate credit analysts report to the credit
supervisor, while the business administration and legal officers In carrying out its functions, internal audit as a strategic partner
report to the Business Administration & Legal Supervisor. for the Bank in achieving its activity objectives always provided
Assurance and Consultations that provided added value to improve
Physical Asset Control the Bank’s performance, internal audit had to be independent,
Examination ensured the implementation of physical objective, professional and had adequate compensation and had
safeguards for Branch assets including physical numbers, the authority to gain access to information complete in carrying
records and regular checks between physical and records, safe out its duties, because this would provide assurance to the Bank
placement of assets and arrangements for authorized officers regarding the quality and effectiveness of internal control, risk
including credit collateral documents, for example cash checks, management as well as governance processes and systems to
inventories, physical checks of credit collateral, marketable protect the assets of the bank, the organization and the reputation
papers and fixed assets. of the Bank.
Compliance With Other Laws and Regulations Monitoring Activities
Control of compliance with laws and regulations is generally Monitoring activity was a process that determined the quality
carried out by the Compliance Unit. The Compliance Work of internal control performance over time. Monitoring included
Unit must be independent and only responsible directly to the determining the design and operation of controls in a timely
Director in Charge of the Compliance Function. The duties manner and taking corrective action. To ensure the quality of
and responsibilities of the Compliance Unit include, among internal control system sustainable and periodic has carried
others, identifying, measuring, monitoring, and controlling out and the necessary improvements in the making aligned
Compliance Risk with reference to OJK regulations governing with existing conditions, particularly by continuous monitoring
the implementation of risk management for commercial (ongoing monitoring). Passive/off-site inspection mechanisms or
banks and OJK regulations governing the implementation separate evaluation is centrally conducted by the Internal Audit
of risk management for Islamic commercial banks and sharia Division Head Office with the observations, research, and analysis
business unit. In addition, the Compliance Unit also assesses of bank functional activities and branch performance aims to
and evaluates the effectiveness, adequacy, and conformity of obtain information in the shortest possible time and identifying
the Bank’s policies, provisions, systems and procedures with Branch problems so it can take corrective action to the responsible
statutory provisions. parties.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 451
Page 454
Compliance With The Committee of Sponsoring Evaluation of Implementation of Internal
Organizations of Tradeway Commission Internal Control System
Control Framework (COSO)
The implementation of a reliable and effective internal control
1. Control environment. Control environment factors included system became the responsibility of all parties involved in the
ethical values and competence of people and entities, Bank organization, among others, as follows:
management philosophy and operating styles that prioritize 1. Board of Directors
integrity and corporate values which are implemented The Board of Directors of the Bank was responsible for creating
in management control as a reference as a standard of and maintaining an effective internal control system as well as
corporate behavior. The Board of Commissioners also ensuring that the system run safely and reliably in accordance
monitors the evaluation of the implementation of internal with the internal control objectives set by the Bank. Meanwhile,
control made by internal auditors and external auditors the Director in charge of compliance and risk management
with the aim of ensuring that there are improvements to functions had to play an active role in preventing irregularities
bank problems that can reduce the effectiveness of internal by establishing policies related to the principle of prudence and
control. Management also strives to place individuals with disseminating information to all employees.
integrity, competence and effectiveness in their work (right 2. Board of Commissioners
man in the right place). The Board of Commissioners of the Bank was responsible
2. Measuring risk (risk assessment). Management identified, for supervising the implementation of internal control in
analyzed, and measured risks to ensure adequacy that the general, including the Board of Directors’ policies that
risks in a company were managed in accordance with the stipulate such internal control.
risk appetite relevant to the business and operations of the 3. Internal Audit Work Unit
bank in order to achieve the specified business plan, by The Internal Audit Unit had to be able to evaluate and play
establishing risk identification and risk management criteria an active role in improving the effectiveness of the Internal
to produce reliable financial reports. Control System on an ongoing basis with regard to the
3. Control activities. Actions taken by management in the implementation of Bank operations that had the potential
context of internal control relating to the implementation to cause losses in achieving the targets set by bank
of bank operations, especially the implementation of management. In addition, Banks needed to pay attention
risk management, implementation of Good Corporate to the implementation of an independent internal audit
Governance in achieving the targets set by management, through adequate reporting channels, and the expertise
were sufficient, effective and safe. Mainly by taking steps, of the internal auditors in particular on the practice and
including evaluating or updating policies and procedures, as application of risk assessment.
well as evaluating the security of all business functions and 4. All Bank Officers and Employees
applications and networks included in Business Continuity Every bank officer and employee had to understand and
Management. implement the internal control system established by
4. Information and communication. Strengthening effective bank management. Effective internal control increased the
lines of communication with a system that allowed the responsibilities of bank officers and employees, promote
distribution of information and communication quickly and an adequate risk culture and compliance culture, and
accurately to support the understanding and implementation accelerate the identification process of unhealthy banking
of internal control objectives, processes and responsibilities practices and to the organization through an efficient early
involving the Board of Commissioners, Management, related detection system.
divisions and employees, which were designed to provide 5. External parties
adequate assurance about the achievement of company External parties of the bank included the Financial Services
objectives. Authority, Bank Indonesia, external auditors, and bank
5. Monitoring. In order to ensure the quality of internal customers with an interest in the implementation of a
control in a sustainable and periodic manner and that the reliable and effective SPI of a bank.
necessary improvements had been made according to
existing conditions, it was necessary to carry out continuous Results of the Internal Control System Evaluation conducted by
monitoring (on going monitoring). Monitoring in the first the Board of Directors through a review, namely the Board of
line of defense is in the form of an Internal Control System Directors periodically (every quarter) reviews the operational
attached to each risk taking unit, while monitoring carried performance report of the Head of Work Unit (Branch Head)
out on the second line of defense in the first line of defense through this review, evaluates findings such as the problem
had to be carried out proactively and continuously in each of weakness in the Internal Control System, Financial Report
risk taking unit. Errors or other irregularities (fraud). The evaluation results show
that the implementation of Bank Jatim’s internal control system
during 2023 is quite adequate.
PT Bank Pembangunan Daerah Jawa Timur Tbk
452 Annual Report 2023
Page 455
CORPORATE
GOVERNANCE
Statement of the Board of Directors and/or while comprehensively managing capital. Within the ERM
the Board of Commissioners on the Adequacy framework, risks are managed in an integrated manner through
of the Internal Control System aligning risk appetite with business strategies.
The Board of Commissioners and the Board of Directors provide The primary objective of implementing ERM is to enable the
direction on the results of the audit report on the Adequacy Bank to achieve its business targets and plans while adhering
of the Internal Control System that has been carried out by to the principle of prudence, maintaining good financial
the Internal Audit Division by holding regular coordination performance, and ensuring compliance with applicable
meetings regarding issues that are obstacles in the Bank’s regulations. This is realized through the establishment of a
operations and achievement of bank performance including strong risk culture that serves as the foundation for control
discussions regarding the findings of Internal Audit within a mechanisms within the ERM framework. Additionally, the Bank
certain period. Board of Commissioners and Directors assess prepares risk mitigation measures to align risk exposure with
that the internal control system is effective and adequate. the predetermined risk appetite.
Risk Management The ERM framework refers to and aligns with the scope of risk
management set by the Financial Services Authority, which
Risk Management is a controlling risk activity through the includes, among other things:
process of identifying, measuring, evaluating and monitoring 1. Active oversight by the Board of Commissioners and
to a portfolio in estimating potential losses that might occur. Directors.
Thus, the application of risk management was expected that 2. Adequacy of policies, procedures, and limit determinations.
the risks that had the potential to occur could be mitigated and 3. Adequacy of processes for risk identification, measurement,
minimized. monitoring, and control, as well as risk management
information systems.
Risk Management Framework 4. Comprehensive internal control systems..
The implementation of Risk Management at Bank Jatim is In simple terms, ERM encompasses a “top-down strategic”
conducted in line with the Enterprise Risk Management (ERM) and “bottom-up tactical” risk management approach that
framework. This framework provides the basis for a proactive complement each other. The main components within the ERM
and forward-looking risk management process to ensure the framework are depicted in the following diagram:
achievement of a healthy and sustainable business growth
BANK JATIM BUSINESS STRATEGY
AND OBJECTIVES
RISK
Information Technology
APPETITE
Risk Culture
Risk Management Process
Identification Measurement Monitoring Control
Risk Risk Risk Risk
Risk Management Infrastructure
Information Systems
Human Resources Policies & Procedures
Management
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 453
Page 456
1. Risk Culture approach allows the First Line of Defense to identify
The Bank integrates risk management as an inseparable and assess key risks and controls, enabling them to
part of its corporate culture and decision-making plan appropriate corrective actions to minimize existing
processes. The Bank’s risk management philosophy is risk exposure.
embedded in the Three Lines of Defense approach, where
risks are managed during risk-taking activities. There is a b. Risk Measurement
clear division of responsibilities for risk ownership among Risk measurement aims to gauge the Bank’s risk profile
different departments in the Bank. to obtain an effective overview of the implementation
2. Information Technology of risk management by understanding the magnitude
The implementation of information technology in risk of risk in a product, portfolio, and activity, as well as its
management during the digitization era plays a crucial role impact on the Bank’s profitability and capital.
in supporting the organization in the effective identification, c. Risk Management and Control
measurement, monitoring, and control of risks.. Risk management and mitigation are integral parts
3. Human Resources of the bank’s business, aiming to reduce risks to a
Having personnel with appropriate skills and expertise manageable level and within the limits of risk appetite.
is key to ensuring that the ERM framework functions d. Monitoring and Reporting
effectively. Risk monitoring aims to continuously evaluate risk
4. Management Information System exposure and refine reporting processes when there
An adequate Management Information System supports are changes in the Bank’s business activities, products,
risk management activities. To enhance the effectiveness transactions, risk factors, information technology, and
of risk measurement processes, the Bank must have risk management information systems that are material.
an information system that provides accurate and These risks are monitored and reported periodically
timely reports and data to support decision-making by to ensure they remain within the Bank’s risk appetite
management and generate reports for risk monitoring. limits.
5. Policies and Procedures
Ensuring the adequacy of policies and procedures serves 7. Risk Appetite
as the foundation for a consistent viewpoint across all Risk Appetite is the level of risk that the Bank’s management
organizational units in the daily risk-taking activities. is willing to take and accept in order to achieve strategic and
6. Risk Management Process business objectives. Risk Appetite is dynamic and changes
The objective of a good risk management process is to in accordance with shifts in the Bank’s business priorities,
manage inherent risks in the Bank’s activities with the goal risk management capabilities, and external conditions. The
of providing sustainable added value to the entire Bank’s purpose of the Risk Appetite framework is to ensure that
operations. The risk management process is conducted as the boundaries of acceptable risk-taking activities align
part of daily activities with the aim of ensuring that risks are with the Bnk’s business strategy and operational plans. It
considered, evaluated, and responded to in a timely and should be clear and detailed enough to serve as a guide
appropriate manner. for senior management and frontline employees across all
a. Identification and Risk Assessment business units in their daily decision-making. The process
To establish effective risk management, risks need of establishing Risk Appetite is conducted periodically,
to be clearly defined, proactively identified, and typically on an annual basis.
continuously assessed based on a forward-looking 8. Business Strategy and Objectives
approach. Accurate identification and assessment of For effective risk management implementation, the Bank’s
risks focus on awareness and understanding of all major management must develop an organizational structure that
inherent risks in business activities or key risks that may aligns with business goals, size, complexity, and inherent
arise from external factors or uncertainties. risks. In managing risk management, a robust corporate
governance structure is essential to enhance the four eyes
The Bank conducts risk identification through the self- principle and transparency throughout the risk management
assessment of the Risk Profile at the PRC branch as processes. This ensures the effectiveness and consistency of
a Risk Control Self-Assessment tool. This structured the ERM Framework implementation.
PT Bank Pembangunan Daerah Jawa Timur Tbk
454 Annual Report 2023
Page 457
CORPORATE
GOVERNANCE
Risk Management System type, considering the risk appetite and risk tolerance in
accordance with the condition of the Bank and considering
Based on the Financial Services Authority Regulation Number the impact of risk on capital adequacy to seek approval
18/ POJK.03/2016 dated March 16, 2016, concerning from Board of Commissioners.
Application of Risk Management for Commercial Banks 4. Formulating, determining, and periodically updating
and Financial Services Authority Circular Letter Number procedures and tools to identify, measure, monitor and
34/SEOJK.03/2016 dated September 1, 2016, concerning control risks.
Application of Risk Management for Commercial Banks. Bank 5. Evaluating and/or updating policies, strategies, and Risk
Jatim Risk Governance Structure was developed based on the Management framework at least 1 (once) a year, or when
Four Pillars of Risk Management Implementation, namely: there were significant changes in factors affecting the
Bank’s business activities, risk exposure, and/or risk profile.
Active Supervision of The Board of Commissioners 6. Establishing an organizational structure including clear
and Directors authorities and responsibilities at each level of position
related to the implementation of Risk Management.
The Board of Commissioners and Directors grant the approval 7. Being responsible for implementing policies, strategies
as well as evaluate the risk policies and strategies actively and and Risk Management framework approved by the Board
periodically. Conducted by the Board of Commissioners, the of Commissioners and evaluating and providing direction
establishment of policies and strategies functions as a reference based on reports submitted by the Company’s Risk
for the Board of Directors to conduct out the Company’s Management Division including reports on risk profiles.
objective and that has estimated risk tolerance and its impact 8. Ensuring that all material risks and impacts arising
on capital, informing and communicating the risk policies and from these risks had been followed up and submit an
strategies and evaluating its implementation to all related work accountability report to the Board of Commissioners
units. periodically containing progress reports and material risk
issues accompanied by corrective steps that had been,
The duties, responsibilities and authorities of the Board were being, and would be carried out.
of Commissioners related to active supervision in Risk 9. Ensuring the implementation of follow-up corrections for
Management activities include, among others: problems or irregularities in the Bank’s business activities
1. Ensuring that the implementation of Risk Management was discovered by the Internal Audit Division.
adequate in accordance with the characteristics, complexity 10. Developing a Risk Management culture including risk
and risk profile of the Bank. awareness at all levels of the organization, including
2. Having a good understanding of the types and levels of risk adequate communication to all levels of the organization
inherent in the Bank’s business activities. regarding the importance of effective internal control as
3. Approving the Risk Management policy including the Risk evidenced in:
Management strategy and framework that was determined a. Minutes document attached with attendance list of
in accordance with the Bank’s risk appetite and risk meeting participants, if communicated through the
tolerance. meeting forum;
4. Evaluating Risk Management policies and Risk Management b. Paper documents/handouts or other materials if
Strategies at least 1 (once) a year or more frequently when communicated through education and training forums,
things occured that could significantly affect the Bank’s accompanied by a list of attendees.
business activities. 11. Ensuring adequate financial support and infrastructure to
5. Evaluating the accountability of the Board of Directors and manage and control risks.
provide direction for improvement on the implementation 12. Ensuring that the Risk Management function had been
of Risk Management policies on a regular basis to ensure implemented independently by means of a separation
that the Board of Directors manages the Bank’s activities of functions (four eyes principle) between the Company’s
and risks effectively. Risk Management Division which identified, measured,
monitored and controlled risks with the Internal Audit
The duties, responsibilities and authorities of the Board of Division and the risk taker unit.
Directors related to Risk Management activities include:
1. Ensuring that the implementation of Risk Management was Adequacy of Policies and Procedures and Risk Limit
adequate in accordance with the characteristics, complexity Determination
and risk profile of the Bank.
2. Having a good understanding of the types and levels of risk Bank Jatim already had a Risk Management Policy which served
inherent in the Bank’s business activities. as the main guideline in implementing risk management. For
3. Formulating and establishing a written and comprehensive more specific business areas, Bank Jatim had more specific
Risk Management policy, strategy and framework including policies and procedures, for example in the fields of credit,
determination of risk limits as a whole and per risk treasury, and operations. These policies and procedures
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 455
Page 458
regulated the determination of limits for each activity, both b. The risk measurement system can measure:
at the portfolio and transactional levels. The determination - The sensitivity of the product / activity to changes
of these limits consisted of overall limits (exposure limits), in the factors that influence it, both under normal
individual limits , counterparty limits, limits per type of risk and and abnormal conditions.
limits per certain functional activity with risk exposure. - The trend of changes in these factors is based on
past fluctuations and their correlation.
Adequacy of Risk Identification, Measurement, - Individual risk factors.
Monitoring and Control Processes and Risk - Overall risk exposure as well as per Risk, taking into
Management Systems account the relationship between Risks.
- All risks inherent in all transactions and Bank
Bank Jatim run the Identification, Measurement, Monitoring products, including new products and activities,
and Risk Control Process, as well as a Risk Management System and can be integrated into the Bank’s management
through an Enterprise Risk Management (ERM) framework. Risk information system.
control policy guidelines provided an adequate reference for c. The risk measurement method was carried out
the identification and measurement process of risk. In measuring quantitatively and/or qualitatively according to the
the risk profile of each Bank activity, at the initial stage the characteristics and complexity of business activities. The
Bank identified risks by recognizing and understanding all measurement methods were in the form of methods
inherent risks. After the risk identification was carried out, the stipulated by the Financial Services Authority in the
measurement and risk monitoring was then carried out. This framework of risk assessment and capital calculation as
risk measurement was intended so that the Bank was able to well as methods that were developed by the Bank itself.
calculate the risk exposure inherent in each activity so that the d. The Risk measurement system was evaluated and refined
impact on the Bank’s performance could be estimated. periodically or from time to time as necessary to ensure
the suitability of assumptions, accuracy, fairness and data
Periodically evaluating risk exposures, especially those that integrity, as well as the procedures used to measure Risk.
were material in nature and or that had an impact on the e. Stress tests were carried out to complement the risk
Bank’s performance. The results of monitoring, which included measurement system by estimating the Bank’s potential
evaluation of risk exposures, were reported in a timely, accurate losses in abnormal market conditions using certain
and informative manner which would be used to make scenarios in order to see the sensitivity of the Bank’s
decisions, including the necessary follow-up actions to monitor performance to changes in risk factors and to identify
risks. influences that had a significant impact on the Bank’s
1. Risk Identification portfolio.
Proactive risk identification covered all business activities of f. The Bank performed stress testing periodically and
the Bank and was carried out in order to analyze the sources reviews the stress testing results and takes appropriate
and likelihood of risks and their impacts. Risk identification steps if the predicted conditions that would occur exceed
was carried out periodically by using a method or system an acceptable tolerance level. The results were used as
to identify risks in all products and business activities of the input when setting or changing policies and limits.
Bank. 3. Risk Monitoring
a. The Bank had a monitoring system and procedure which
The risk identification process was carried out by analyzing included monitoring the amount of risk exposure, risk
all risk sources that were at least carried out on the risks tolerance, internal limit compliance, and the results of
from the Bank’s products and activities and ensuring stress testing as well as the consistency of implementation
that the risks from new products and activities had gone with established policies and procedures.
through a proper Risk Management process before being b. Monitoring was carried out both by the risk taker unit
introduced or implemented. and by the Company’s Risk Management Division.
2. Risk Measurement c. Monitoring results were presented in periodic reports
a. The risk measurement system was used to measure submitted to Management in the context of risk
the Bank’s risk exposure as a reference for exercising mitigation and the necessary actions.
control. Risk measurement was carried out regularly d. The Bank prepared an effective back-up system and
for both products and portfolios as well as for all Bank procedures to prevent disruptions in the risk monitoring
business activities. process, and conducts regular checks and reassessments
of the back-up system.
PT Bank Pembangunan Daerah Jawa Timur Tbk
456 Annual Report 2023
Page 459
CORPORATE
GOVERNANCE
4. Risk Control j. The Bank administers and updates system
a. The Bank had an adequate risk control system by documentation, which includes hardware, software,
referring to the established policies and procedures. database (database), parameters, process stages,
b. The risk control process implemented by the Bank was assumptions used, data sources, and resulting outputs
adjusted to the risk exposure as well as the level of risk to facilitate inherent control and implementation of
to be taken and risk tolerance. Risk control was carried audit trails.
out by the Bank, among others by means of hedging
mechanisms, and other risk mitigation methods such Internal Controling System
as issuing guarantees, asset securitization and credit
derivatives, as well as increasing Bank capital to absorb The Internal Control System (SPI) became a supervisory
potential losses. mechanism established by the management of Bank Jatim on
5. Risk Management System an ongoing basis. Effective SPI was an important component
a. The Risk Management System is part of the management in management and forms the basis for sound and safe
information system owned and developed by the needs operational activities of the Bank. The effective implementation
of the Bank to implement effective risk management. of the internal control system could assist the Bank’s
b. As part of the risk management process, a risk management in safeguarding the Bank’s assets, improving the
management system is used to support the Bank’s compliance with the prevailing laws and regulations, and
implementation of risk identification, measurement, reducing the occurrence of losses, deviations and violations of
monitoring, and control processes. prudential aspects.
c. The Risk Management System and the resulting
information are adapted to the characteristics and The implementation of a reliable and effective internal control
complexity of the Bank’s business activities and are system of the Bank was the responsibility of all risk taker units,
adaptive to changes. support units, and the Internal Audit Division. The internal
d. The adequacy of the scope of information generated control system for risk refers to the overall internal control
from the risk management system is reviewed system which included:
periodically to ensure that the coverage is adequate 1. The Bank implemented the internal control system
by developments in the level of complexity of business effectively in the application of Risk Management by
activities. referring to the established policies and procedures. The
e. As part of the risk management system, risk profile application of the four eyes principle had been adequate
reports are prepared periodically by the risk and consistently implemented.
management division, independent of the work units 2. Comprehensive internal control system in the application
conducting business activities. The frequency of of Risk Management
submitting reports to the relevant Directors and the 3. Implementation of a review of the implementation of Risk
Risk Management Committee is increased as needed, Management.
significantly when market conditions change rapidly. 4. The results of the review assessment by the Company’s
f. The Risk Management System supports reporting to Risk Management Division were submitted to the Board
the Financial Services Authority. of Commissioners, Internal Audit Division, Compliance
g. In developing new information system technology and and Risk Management Director, Audit Committee, and
software, the Bank ensures that implementing the new other relevant Directors as input in improving the Risk
information system and technology will maintain the Management framework.
continuity of the Bank’s information system. 5. Improvements to the results of internal and external audit
h. If the Bank decides to outsource workers in software findings monitored by the Internal Audit Division. The audit
development and system improvement, the Bank findings that have not been followed up are informed by
ensures that the decision to appoint a third party the Internal Audit Division to the Board of Directors to take
is carried out objectively and independently. The the necessary steps.
outsourcing agreement/contract includes clauses 6. The level of responsiveness to weaknesses and / or
regarding maintenance and updating as well as deviations that occured against applicable internal and
anticipatory steps to prevent disruptions that may external regulations.
occur in its operations.
i. Prior to implementing the new management information
system, the Bank conducts tests to ensure that the
processes and resulting outputs have gone through
an effective and accurate development, testing,
and reassessment process, and the Bank ensures
that the system can access historical accounting and
management data/ the new software is acceptable.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 457
Page 460
Risk Profile and Management Credit Risk Mitigation
The invented mitigation effort towards credit risk potential
The risks inherent in the Bank Jatim Business aligned with losses is: Advancing the knowledge of Credit Analysts in the
the provisions of the Financial Services Authority stipulated credit field aims to be more professional and master their
eight risks includes Credit Risk, Market Risk, Liquidity Risk, duties, improving systems and procedures in the credit field,
Operational Risk, Legal Risk, Strategic Risk, Compliance Risk, fostering and monitoring credit realization, more intensive
and Reputation Risk. A better description of each risk as follows collection efforts for ‘The Special Case customers’ to prevent
collectability deterioration, increase the supervision credit
Credit Risk function, implement the principle of Prudential Banking in
credit expansion, supervise existing systems and procedures,
Based on OJK Regulation Number 18/POJK.03/2016, credit as well as accurate and excellent Counterparty analyze.
risk is defined as the risk that occurs due to the failure of other
parties to fulfill their obligations, including credit risk due to Market Risk
debtor failure, credit concentration risk, counterparty credit
risk, and settlement risk. The management of credit risk at Market risk is the risk on balance sheet positions and
Bank Jatim until December 2023 has been optimally pursued, administrative accounts, including derivative transactions, due
as reflected in the credit risk profile rating in December 2023, to overall changes in market conditions, including the risk of
which was Moderate As for the quality of the implementation changes in option prices. Market risk management aims to
of credit risk management related to the active supervision minimize the possibility of negative impact due to changes
of the Board of Commissioners and the Board of Directors, it in market conditions on the Bank’s capital assets. By the
has been running according to its function so that the general regulations of the Financial Services Authority, Bank Jatim’s
assessment of the quality of the implementation of credit risk market risk management, as reflected in the market risk profile
management is Fair so that the composite rating for credit risk assessment rating in December 2023, is Low to Moderate for
is rating 3. inherent risk and Satisfactory for the quality of risk management
implementation so that a composite rating is obtained, namely
From a policy standpoint, Bank Jatim constantly reviews and rating 2.
updates the limits on the provision of funds following business
and organizational developments. In the process of limiting Potential Risks
the provision of funds following business and organizational Potential losses arising from market risk might occur on the
developments. The Risk Management Division provides reviews following matters, such as the change of Bank interest rates
and determines the level of risk in determining transaction impact on the Bank portfolio (Gap ratio Rate Sensitive Asset
facilities (Counterparty Limits), as well as regular monitoring of & Rate Sensitive Liability portfolio), fluctuating exchange rates
Risk Appetite and Credit Risk Limits. In terms of strengthening changes arise for foreign currency leads Bank to suffer losses,
credit risk management, the bank has also established a Credit changes in prices of the Bank’s portfolio, changes in rating or
Risk unit/Division that concentrates explicitly on credit. obligor’s financial performance means the bank’s portfolio value
decline (for securities or bonds), inefficient market conditions
Potential Risks affected the accuracy of valuation in the financial transactions
Potential Risks to the Bank’s lending activities may arise due inducing current financial losses (both in the capital and
to Human Resources in the credit sector having inadequate stock market), as well as other losses associated with political
knowledge, inadequate internal credit processes, in-depth and deterioration.
inaccurate credit analysis, funding in high-risk sectors, credit
concentration, and on placement activities. or buying securities Market Risk Mitigation
from companies that are considered less bona fide, causing The undertaken mitigation efforts made against potential losses
default and causing bank losses due to having to establish on market risk, among others are: the application of floating
CKPN, reducing profits due to write-off credits, costs arising interest rates, monitor of Net Open Position aligned with
from the credit settlement process (billing fees, legal process, regulatory provisions, an excellent and accurate counterparty
auction process), and also resources that must be allocated for analysis, counterparty ratings consideration, determinate and
collection and restructuring of credit. In addition to losses on monitor of dealer limits, stop loss & cut loss, monitor over off
credit, it can also result from failure in the settlement process. Market transactions, good provision of historical and data of
potential market, application of technical and fundamental
analysis on transactions exposed to market risk, also the IRRBB
Limit on Assets and Liabilities implementation sensitive to
interest rates changes (Risk Sensitive Assets and Risk Sensitive
Liabilities).
PT Bank Pembangunan Daerah Jawa Timur Tbk
458 Annual Report 2023
Page 461
CORPORATE
GOVERNANCE
Liquidity Risk Operational Risk
Liquidity risk results from the Bank’s inability to meet its Operational risk is defined as the arising losses risk due to
maturing obligations from cash flow funding sources and/or insufficient and or non-functioning internal processes, human
high-quality liquid assets that can be pledged as collateral errors, system failures, and or the presence of external parties
without disrupting the Bank’s activities and financial condition. affect in the operation of Bank Jatim. Operational risk was
Bank Jatim’s liquidity risk management, as reflected in the inherent in every product / activity / bank operational process.
liquidity risk profile assessment in December 2023, is Low to In measuring operational risk, Bank Jatim calculated capital
Moderate for inherent risk and Satisfactory for the quality of risk requirements for operational risk using a basic indicator
management implementation so that a composite rating of 2 is approach. Operational risk is a crucial risk category, considering
obtained for liquidity risk. that the growing business model and products, banking
services of Bank Jatim, become more complex and diverse in
Potential Risks the future. To manage functional banking activities, products or
Potential losses arising from liquidity risk can occur on the services optimally, the effective operational risk management
following matters: a large-scale withdrawal in behavior outside implementation has been carried out. Furthermore, the
work, a rush of external factors, funding for stagnant ThirdParty internal audit unit evaluates the risk management policies
Funds, installment under-performing payments credit debtors, implementation and procedures in each of the operational
unfavorable liquidity & maturity profile gap, which leads a banking activities.
tendency towards the provision of expensive, limited funds or
reduced potential for credit expansion, or more broader impact The approach used in managing operational risk is through the
of bank losses, arising from reputational risk. determination of the most appropriate mitigation strategies to
obtain an optimal balance between operational risk exposure,
Liquidity Risk Mitigation the effectiveness of the control mechanism and the level
The undertaken mitigation effort of potential losses on liquidity of risk that has been received by the Bank. Operational risk
risk is to anticipate and monitor funds withdrawals that have management was supported by the involvement of:
been made by customers in withdrawals form through bank 1. Risk Management Committee
clearance and cash withdrawals through incoming funds both The Board of Directors carried out the functions of
in incoming transfers and customer cash deposits (customer supervision, control and risk management, including the
behavior). Bank Jatim has conducted liquidity banking establishment of risk management strategies, setting risk
sensitivity analyze to the largest ever withdrawal scenario, limits, business limits and operational limits and monitoring
covers increasing access to funding sources, increasing and risk profiles.
maintaining the stability of Third Party Funds. Bank Jatim has 2. Operational Risk Management Unit
maintained primary and secondary reserves as well as arranged Operational risk management work unit that was
detailed cash flow projections in rupiah against interest responsible for formulating policies and operational risk
rate fluctuations. On top of that, Bank Jatim has conducted management work tools.
a management gap to avoid or minimize interest rates 3. Risk Taking Unit
fluctuations to actualize stable and growing profits. Bank Jatim The work unit was fully responsible for managing operational
also continue to increase the number of good counterparties risk and ensures that controls in each operational activity
and establish long-term positive relations, particularly in were carried out effectively and in accordance with
the liquidity provision field which develops various forms of regulations.
Contingency Funding Plans constantly in both normal and crisis 4. Compliance work unit
situations. Work units that carried out compliance functions with
internal and external regulations.
5. Internal Audit Unit
Work units that implemented the effectiveness of internal
controls on Bank activities.
Until December 2023, Bank Jatim’s operational risk
management, as reflected in the operational risk profile
assessment, is Moderate for inherent risk and Fair for the
quality of risk management implementation so that a composite
rating of 3 is obtained for operational risk.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 459
Page 462
Potential Risks Legal Risk Mitigation
With the presence of operational risk exposures, other risk By reviewing juridical studies on all possibly arising legal
exposures can also increase including credit risk, market issues (between the guarantor and its parties) to minimize the
risk, liquidity risk, legal risk, liquidity risk, strategic risk, and demands, among others:
reputation risk, which possibly result in potential financial 1. Completeness of document fulfillment and Bank Guarantee
and nonfinancial losses. Another impact of operational risk is requirements.
Soundness Level Rating decline leads banks unable to conduct 2. Bank Guarantee realization procedure
business activities and the expansion of new bank office and 3. Related to the contract/agreement contained in the Bank
under the status of incentive supervision from regulators. Guarantee File.
Operational Risk Mitigation Strategic Risk
To mitigate operational risk, Bank Jatim establish Lost Event
Database application which connected to all work units, so a Strategic Risk is the risk due to inaccuracy in making and/ or
work unit can input risk events that occur in no time using online implementing a strategic decision and failure to anticipate
platform through web-based media. As a follow-up step, the changes in the business environment. Strategic risk identification
collective data will be analyzed and mitigated against the risk is based on strategic risk factors in certain functional activities,
event. The Bank is also committed to improving the quality and such as credit, treasury and investment activities as well as
process of internal control, the Human Resources qualification operations and services through a business plan prepared by
through various trainings, certifications and seminars, and banking the Strategic Planning & Performance Management Division as
services through infrastructure improvements required, while a translation of the General Policy of Board of Directors.
ensuring that Bank Jatim has adequate operational risk mitigation
policies and procedures obligate to comply with and conduct out Strategic risk measurement and measurement parameters are
by every operational work unit with accomplished transactions and based on the Bank’s performance by comparing the expected
activities accurately, efficiently and on scheduled. The Bank also results with actual results, evaluating work unit performance,
has Operational Risk Management Implementation procedures, and checking progress against the set targets. Strategic risk
Business Continuity Management (BCM) and carries out a Risk monitoring is carried out by conducting quarterly reviews for
Assessment (RA) process to measure potential disruptions/ each division and quarterly reviews for each branch office. As
disasters that threaten the bank’s sustainability so as to minimize of December 2023, Bank Jatim’s strategic risk management,
the Bank’s potential risks. which is reflected in the strategic risk profile assessment, is
rated Low to Moderate for inherent risk and Fair for the quality
Legal Risk of risk management implementation so that a composite rating
of 2 is obtained for strategic risk.
The Bank carries out legal risk identification based on risk
factors, including lawsuits and weaknesses in juridical aspects Potential Risks
arising from any contracts and agreements related to products Potential risks that may occur include:
and services. As of December 2023, Bank Jatim’s legal risk 1. There was an error in the decision-making/determination of
management is reflected in the legal risk profile assessment, the business strategy, causing the income earned to be not
which has Low to Moderate rating for inherent risk and Fair optimal to the costs incurred
for the quality of risk management implementation so that a 2. Launching a new product without conducting a Feasibility
composite rating of 2 is obtained for legal risk. Study to analyze the plan for implementing the new
product to prevent potential failure so that product sales
Potential Risks targets cannot be optimal.
Potential risks from legal risk, namely the existence of lawsuits 3. The launch of a new product must have an in-principle
as a result of weaknesses in legal or juridical aspects or the permit, if it is not implemented, the product will not be
absence of supporting laws and regulations, resulting in able to run, so it will lose the opportunity to raise third-
financial and non-financial losses such as: party funds.
1. Expenditures for the incurring of compensation from the
Customer. Strategic Risk Mitigation
2. Imposition of fines/sanctions for the occurrence of lawsuits. Prepare and determine Bank business strategy by conducting a
3. Loss of Credit Guarantee. comprehensive analysis of studies, risk control, and Feasibility
4. Claim Bank Guarantee
5. Delayed Auction Guarantee (which can affect NPL).
PT Bank Pembangunan Daerah Jawa Timur Tbk
460 Annual Report 2023
Page 463
CORPORATE
GOVERNANCE
Study which cover analysis of Cost and benefits. If there is a Compliance Risk Mitigation
new program or product, then at least To minimize compliance risk, Bank Jatim evaluate compliance
1. A new product or program has been included in the Bank with internal and external provisions both from Bank Indonesia,
business plan. the Financial Services Authority and other applicable
2. There is a principle permit for the launching of its product. regulations. Besides that, the bank also analyzes event which
3. Perform the act based on the applicable Service Level possibly inducing compliance risk by:
Agreement and provide information regarding the costs and 1. Provide new products and new internal regulations risk
potential; awaiting risks to the Debtor or the Customer in assessment before granted approval by the board of
case of credit realization, launch new products and monitor directors.
the total credit result from the set targets. Furthermore, if 2. Perform compliance checklists for certain operational
the launching program went downhill, review the obstacle activities.
that might occur and provide a solution so that the business 3. Review internal regulations.
plan still working onscheduled is necessary. 4. Disseminate external regulations to the division and branch
offices.
Compliance Risk
Reputation Risk
Compliance Risk is a risk due to the Bank of does not comply
with and or implement the applicable laws and regulations. In Reputation risk is a risk due facing the stakeholder trust gap
identifying compliance risk, the compliance division arranges a list originating from various activities including events that can
of regulations applied to all work units has been adjusted to the bring harm the reputation of the Bank (e.g. negative report
provisions of the Regulator as well as other applicable external in the mass media, violations of business ethics and customer
parties. complaints) and other matters inducing reputational risks such
as weakened corporate governance, corporate culture and
Compliance risk measurement has carried out to measure business banking practices.
potential losses caused by non compliance and the inability of
the Bank to comply with applicable regulations. The compliance The transformation of Bank Jatim become into a public bank,
risk amount is estimated based on the Bank’s ability to fulfill successfully identifies factors inherent risk in an openness
all regulations in the past and future. Those activities include functional activities which include customer complaints about
reviewing internal and external audit findings has not yet been its services, employees behavior in serving customers and
resolved and the frequency measurement as well as the nominal conducted communication systems by the Bank.
penalties. Compliance Director & Human Capital assisted by the
Compliance & Governance Division regularly reviewing aspects of The reputation risk measurement for December 2023 has a
compliance, especially suspicious or unnatural transactions. Low to Moderate rating for the inherent risk. While efforts to
implement reputation risk management itself have a Satisfactory
As of December 2023, Bank Jatim’s compliance risk management, predicate by making efforts to improve the Bank’s reputation so
as reflected in the compliance risk profile assessment, is rated that a composite rating of 2 is obtained.
Low to Moderate for inherent risk and Fair for the quality of risk
management implementation so that a composite rating of 2 is Efforts to control reputation risk carried out by Bank Jatim
obtained for compliance risk. through the Corporate Secretary are responsible for
implementing policies related to handling and resolving
Potential Risks negative news or avoiding counter-productive information
Bank non-compliance with regulatory regulations and other and carrying out public service functions in the framework of
internal regulations of the Bank may be subject to administrative corporate social responsibility (Corporate Social Responsibility/
sanctions in the form of: CSR). Bank Jatim’s Corporate Social Responsibility activities are
1. Written warning. carried out continuously and focus on 4 (four) aspects, including
2. Sanctions for the obligation to pay fines. aspects of education and banking education, culture, health,
3. Decrease rating of the Bank’s soundness. and social aspects, including repair of Uninhabitable Houses
4. Prohibition of opening office networks. (RTLH). In addition, the Bank continuously improves the bank’s
5. Freezing of certain businesses. internal policies related to customer complaints and customer
6. The inclusion of management members, bank employees, service in order to minimize the potential for a decline in the
and or shareholders in the list of parties was predicated of Bank’s reputation.
not passing the fit and proper test or in the administrative
records as stipulated in the provisions of the Financial Potential Risks
Services Authority. Reputation risk is perceivable from several indicators including:
7. Dismissal of Bank management. 1. Violations of business ethics, the reporting quality of a
Bank and customer complaints. The parameters of violation
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 461
Page 464
of business ethics come from various transparency of maintain customer satisfaction by regularly evaluating levels of
financial information criteria, human resources, marketing service that has been carried out by the frontline in each branch
of products and services, business cooperation with other office.
stakeholders that holds potential reputation risk suffer
losses. At least every customer complaint can be resolved as soon as
2. Addressing the driving force of Bank success is a competent possible, by informing customers so they don’t make complaints
human resource, means quality service to the customers via social media.
involves qualified human resources. An unqualified human
resource will bring potential reputation risk losses to the Risk Evaluation Process
customer, therefore, customer service should align with the
applicable provisions of Service Standardize. The Bank’s Risk Management Division prepares Risk Evaluation
3. The most crucial potential losses are negative reporting in Reports on a periodic basis, i.e. quarterly, and submits these
the mass media where the customer already recognized reports to various levels of management including to the Board
it and poor customer service while handling complaints of Commissioners, as well as to related external parties such
whose experience the problems at Bank Jatim. as the Financial Services Authority. In addition, the Bank’s Risk
Management Division has coordinated with the Internal Audit
Reputation Risk Mitigation Division to discuss audit findings as material for evaluating risks
Always maintain the Bank credibility in front of shareholders and and minimizing risks that occur. The findings are submitted
stakeholders, being responsive in responding complaint and to the Company’s Risk Management Division for mitigation in
negative news, comply with applicable regulations and always accordance with 8 (eight) risks and solutions are given.
PT Bank Pembangunan Daerah Jawa Timur Tbk
462 Annual Report 2023
Page 465
CORPORATE
GOVERNANCE
Effort to Manage Risk Risk Assessment
As a bank that had a vision to encourage regional economic Following OJK Regulation No. 18/POJK.03/2016 concerning
growth and participate in developing small and medium Implementation of Risk Management for Commercial Banks,
enterprises that focused on providing credit to the MSME article 23 regulates the obligation of Banks to submit Bank Risk
sector, it was strongly influenced by changes in the business Profile Reports to OJK every 3 (three) months (quarterly).
climate such as inflation and competition with foreign products.
Thus, the increasing number of foreign products that entered Based on OJK Circular No. 34/SEOJK.03/2016 dated September
Indonesia as a result of the free trade that Indonesia followed. 1, 2016 concerning the Implementation of Risk Management for
Efforts to minimize these negative impacts are carried out risk Commercial Banks, the risk rating for Conventional Commercial
management based on the principle of prudence to ensure the Banks is categorized into 5 (five) ratings, namely 1 (low), 2 (low
growth of a healthy and sustainable performance of the Bank. to moderate), 3 (moderate), 4 (moderate to high) and 5 (high)
for the level of inherent risk, while the rating for the quality
Risk management as an integral part of business growth and of implementation of risk management is categorized into five
daily business activities of the Bank is carried out in various ratings, namely 1 (strong), 2 (satisfactory), 3 (fair), 4 (marginal)
ways, among others: and 5 (unsatisfactory).
1. Presenting a risk perspective opinion on each new banking
activities and products, along with a service banking The results of the Bank’s risk profile self-assessment as of
network expansion. December 2023 were ranked 2 (PK-2) with an inherently Low
2. Continuously improve operational policies and procedures, to Moderate risk rating and a Quality of Risk Management
while adjusted risk tolerance limits to ensure its optimal Implementation (KPMR) rating, namely Satsifactory.
balance between asset quality and business profitability
3. Maintain the risk management implementation aligned
with macroeconomics changes and the development of
Bank Jatim business.
Quality of Application of Risk
Type of Risk Inherent Risk Composite Rating
Management
Credit Risk Moderate Fair 3
Market Risk Low to Moderate Satisfactory 2
Liquidity Risk Low to Moderate Fair 2
Operational Risk Moderate Fair 3
Legal Risk Low to Moderate Fair 2
Strategic Risk Low to Moderate Satisfactory 2
Compliance Risk Low to Moderate Fair 2
Reputation Risk Low to Moderate Satisfactory 2
Composite Rating Low to Moderate Satisfactory 2
Review of The Effectiveness of The Risk Management System
The Bank constantly evaluates the effectiveness of the risk role in evaluating the risk management system by reviewing
management system. The evaluation includes adjusting the the results carried out by the Board of Directors as the organ
strategy and risk framework as part of the risk management responsible for the effectiveness of the risk management system
policy, the adequacy of the information system, and the implementation. The evaluation results show that implementing
adequacy of identifying, measuring, monitoring, and controlling Bank Jatim’s risk management during 2022 is quite adequate.
risks. Evaluation of the implementation of risk management is carried
out periodically. The evaluation results are then conveyed to
One form of evaluation of the risk management policy is various levels of management as well as to related external
the evaluation of the Risk Management Policy and Standard parties such as the Financial Services Authority.
Procedures. The Board of Commissioners plays an active
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 463
Page 466
Statement of The Board of Directors and/ a. Determination of the use of measurement methods
or The Board of Commissioners or The Risk and Risk Management information systems.
Monitoring Committee on The Adequacy of b. Determination and determination of Risk limit.
The Risk Management System c. Determination of Risk rating
d. Preparation of contingency plans in the worst case
The Board of Commissioners through the Risk Monitoring scenario
Committee assessed that the adequacy of risk management e. Determination of the internal control system in the
was effective and adequate as reflected in: application of Risk Management.
1. Adequacy of Risk Management policies and procedures as 2. Adequacy of risk identification, measurement, monitoring
well as determination of effective Risk limits which include, and control processes, and an adequate Risk Management
among others: Information System.
Compliance Function
Organizational Structure
VP of Compliance & AML-CFT
AVP Compliance &
AVP AML-CFT
Governance
Governance Group Compliance Research and Grup Know Group
AML-CFT Analyst Group
and Business Ethics Development Group Your Customer (KYC) Regulatory Licensing
The establishment of the Compliance Unit by the Director in charge of Compliance is regulated in the Financial Services Authority
Regulation Number 46/POJK.03/2017 concerning the Implementation of the Compliance Function of Commercial Banks. The
Compliance Unit must be independent and only report directly to Director in charge of Compliance Function.
Profile of Vice President Compliance and AML-CFT
Putu Denny H.
Vice President Compliance and AML CFT
Domicile : Surabaya
Place and Date of Birth/ : Denpasar, June 28, 1977/Age 46 years as of December 2023
Age
Educational background : S1 Informatics Engineering Surabaya College of Engineering
(2001)
Certification : Level-4 Risk Management Certification
Work experience : • Head of Product Development & Services Fund Policy
Subdivision (2018)
• Head of Main Branch Operations (2022)
• Acting Vice President of Compliance & APU PPT
Legal Basis of : Decree No. 062/055/DIR/HCP/KEP dated June 5, 2023
Appointment
PT Bank Pembangunan Daerah Jawa Timur Tbk
464 Annual Report 2023
Page 467
CORPORATE
GOVERNANCE
Duties and Responsibilities of Compliance Banks at least includes to:
Functions 1. Make steps to support the creation of a Compliance
Culture in all Bank business activities at every level of the
In accordance with OJK Regulation No. 46/POJK.03/2017 organization.
concerning Implementation of Compliance Function for 2. Identify, measure, monitor and control Compliance
Commercial Banks, explained that the Compliance Function Risk by referring to the FSA regulations governing the
includes actions for: implementation of risk management for commercial banks
1. Realizing the implementation of Compliance culture at all and FSA regulations governing the implementation of
levels of the Bank’s organization and business activities. risk management for sharia commercial banks and sharia
2. Managing compliance risks faced by the BankEnsuring business units.
Bank Compliance with commitments 3. Assess and evaluate the effectiveness, adequacy and
3. Ensure that the policies, regulations, systems and suitability of the Bank’s policies, regulations, systems and
procedures as well as business activities carried out by procedures with statutory provisions.
the Bank are in accordance with the provisions of the 4. Review and/or recommend updating and refinement of
Financial Services Authority and the provisions of laws policies, regulations, systems and procedures that are
and regulations, including the Sharia Principles for Islamic owned by the Bank to comply with FSA regulations and
commercial banks and sharia business units. statutory provisions, including the Sharia Principles for
4. Ensuring Bank Compliance with commitments made by the Islamic commercial banks and sharia business units.
Bank to the Financial Services Authority/Bank Indonesia 5. Make efforts to ensure that the policies, regulations,
and/ or other authorized supervisory authorities. systems and procedures, as well as the Bank’s business
activities are in accordance with FSA regulations and
The duties and responsibilities of the Compliance Unit were statutory provisions.
based on FSA Regulation No. 46/POJK.03/2017 concerning 6. Perform other duties related to the Compliance Function.
the Implementation of Compliance Function for Commercial
Compliance with Legal Provisions and Regulations
Throughout 2023, Bank Jatim has complied with all statutory provisions and regulations as well as fulfilled commitments with the
competent authorities.
Compliance Function Competency Development
The competency development that had been followed by Compliance Function Employees during 2023 is as follows:
No Name of Education and Competency Development Implementation date
1 Corporate Value Internalization For Culture Leaders January 14, 2023
2 Basic Sharia Banking Education (PDPS) January 22, 2023
3 Completion of the Compliance Function, Improvement of the Procedure Framework and Performance
February 15, 2023
Identification
4 AML-CFT training February 21, 2023
5 Understanding the Credit Process February 27, 2023
6 Financial Transaction Reporting Implementation Program March 8, 2023
7 Level 2 Risk Management Certification March 15, 2023
8 Refinitiv Services March 16, 2023
9 Process of Foreign Transaction Reports and Risk Mitigation of Money Laundering and Terrorism Financing March 17, 2023
10 DNDF, OIS and IRS transactions March 19, 2023
11 English Course Elementary Level March 28, 2023
12 Financial Integrity Rating (FIR) on Money Laundering and Terrorist Financing June 9, 2023
13 Credit Review from Compliance and Risk Management Aspects June 16, 2023
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 465
Page 468
No Name of Education and Competency Development Implementation date
14 Compliance with Digital Banking July 13, 2023
15 Video Learning Production July 23, 2023
16 Banking Legal Consultant August 25, 2023
17 Preparation of Self Estimated Prices (HPS) August 27, 2023
18 Banking Legal Consultant Certification September 14, 2023
19 Facilitating Techniques and Customer Engagement September 15, 2023
20 Strategy and Implementation of Strengthening the Banking Industry October 13, 2023
21 Culture Transformation with Growth Mindset October 18, 2023
22 Implementation of Supervision and Risk Mitigation of Suspicious Financial Transactions – POJK No 8 of 2023 October 20, 2023
Implementation of the Compliance Function Bank comply with the provisions of the Financial Services
Duties Authority and regulatory provisions laws and regulations,
including Sharia Principles for sharia commercial banks and
The implementation of the Compliance Function duties that sharia business units
have been implemented in 2023 is as follows: 3. Developing a compliance portal so that it can function
1. Improving programs for embodying a culture of compliance effectively to support the performance of all work units, as
in work units both offline and online, and continuously well as integrating work papers on a summary of external
increasing employee understanding of applicable rules and provisions in the compliance portal.
regulations. 4. Identify, measure, monitor and control compliance risk
2. Actively monitor and build communication with related to minimize the occurrence of compliance risk through
work units on new external regulations issued by regulators monitoring parameters that affect compliance risk.
as an effort to ensure that policies, provisions, systems 5. Development of a report monitoring application (monilap)
and procedures and business activities carried out by the especially for monitoring features of Internal and External
Audit findings.
Anti-Money Laundering Program, Prevention of Terrorism Funding & Prevention of
Funding for The Proliferation of Weapons of Mass Destruction
The existence of globalization in the financial services sector 2. Strengthening Know Your Customer (KYC) by utilizing
which is accompanied by the increasing development of financial the Directorate General of Dukcapil’s (Civil Registry
service products including marketing (multi channel marketing), as Office) EKTP and/or Digital Population Identity (IKD) data
well as increasingly complex financial services industry activities verification services.
and technology both in terms of products, services and the use 3. Optimizing the implementation of Anti-Money Laundering
of information technology, has the potential to increase the risk and Terrorism Financing Prevention Program in all financial
of using the financial services industry as a means of Money transactions and bank operations at all levels of the
Laundering, Terrorism Financing and/or Funding the Proliferation organization.
of Weapons of Mass Destruction with its increasingly diverse and 4. Developing and improving the management information
advanced modus operandi. system for implementing AML, CFT & PPPSPM, as well
as continuously improving the quality of customer data in
The Anti-Money Laundering and Terrorism Financing Prevention order to improve the quality of reporting as the task of the
Program implementations that had been carried out include: Reporter in the AML, CFT & PPPSPM regime.
5. Play an active role and be part of the implementation
1. Implementation of the AML, CFT & PPPSPM programs of prevention and eradication of AML, CFT & PPPSPM
under the supervision of the Director in charge of the programs through Go-AML, SIGAP, SIPENDAR, SIPESAT,
Compliance function, has policies and procedures PEDAL, GRIPS Reports and Election-related Reports.
supported by an adequate internal control system and 6. The Bank has participated in the Financial Integrity Rating
management information system, and competent human on ML/TF assessment conducted by PPATK with better
resources. results than the previous year.
PT Bank Pembangunan Daerah Jawa Timur Tbk
466 Annual Report 2023
Page 469
CORPORATE
GOVERNANCE
Lawsuit
During 2023 Bank Jatim faced several essential cases in the form of civil law issues that had been completed (had received Court
Decisions that had permanent legal force/inkracht), revocation of lawsuits and are still in the process of being resolved as follows:
Table of Important Matters
Total
No. Cases
Civil Commerce Industrial relations
1. Completed (There has been a Court Decision that has 18 - 1
permanent legal force/inkracht)
2. Lawsuit Revocation 5 - -
3. In Process of Completion 19 1 -
Important Case Faced by The Company
Of the several cases faced by the Bank, there were 7 (seven) significant civil cases as follows:
Table of Important Cases Faced by the Company
Claims for
Management Sanctions Material
No Case/Lawsuit Completion Status Risk
Efforts imposed Compensation (in
millions of rupiah)
1. Case Number 584/ Won by Bank Jatim in Legal Risk Bank Jatim made a None Rp.3.000,-
Pdt.G/2007/PN.Sby dated the District Court and written confirmation to
November 21, 2007 High Court the Court regarding the
between PT Hikmah Surya inkracht status of the
Jaya and Bank Jatim High Court Decision
2. Bankruptcy Case Number The process of verifying Legal Risk Bank Jatim has verified None Rp31.103,-
40/Pdt.Sus/ PKPU/2019/ creditor files at the the debt to PT Citra
PN.Niaga Sby with Commercial Court at Gading Asritama/
applicants PT Fatma Lestari the Surabaya District Bank Jatim's debtor (in
Abadi Mix and CV Azka Court bankruptcy)
Pelangi Bersaudara against
PT Citra Gading Asritama
(in bankruptcy)
3. Civil Case Number 16/ Appeal Process at the Legal Risk Bank Jatim submitted None Rp.3.218,-
Pdt.G/2023/PN.Bna dated Banda Aceh High Court a counter appeal
April 18, 2023 regarding PT to strengthen Bank
Rudi Jaya's lawsuit Jatim's position
4. Civil Case Number 124/ Trial process at Malang Legal Risk Bank Jatim submitted None Rp.3.100,-
Pdt.G/2023/PN.Mlg dated District Court answers and evidence
May 30, 2023 regarding the at trial to strengthen
lawsuit of Galuh Nalibronto Bank Jatim's position
Prabaningrum and
Ngatemoen Harijono
5. Civil Case Number 746/ Trial process at the Legal Risk Bank Jatim submitted None Rp.5.732,-
Pdt.G/2023/PN.Sby dated Surabaya District Court answers and evidence
July 26, 2023 regarding at trial to strengthen
the lawsuit of PT Toya Indo Bank Jatim's position
Manunggal
6. Civil Case Number 888/ Trial process at the Legal Risk Bank Jatim submitted None Rp.15.000,-
Pdt.G/2023/PN.Sby dated Surabaya District Court answers and evidence
August 29, 2023 regarding at trial to strengthen
the lawsuit of PT Anugerah Bank Jatim's position
Bersama Berkah Abadi
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 467
Page 470
Claims for
Management Sanctions Material
No Case/Lawsuit Completion Status Risk
Efforts imposed Compensation (in
millions of rupiah)
7. Civil Case Number 176/ Trial process at the Legal Risk Bank Jatim submitted None Rp.27.988,-
Pdt.G/2023/PN.Kpn Surabaya District Court answers and evidence
dated September 6, 2023 at trial to strengthen
regarding Yon Permadian Bank Jatim's position
Tesna's lawsuit
Important Cases Which Faced by the Board of Impact of Legal Problems on Bank
Commissioners and the Board of Directors
The impact of civil law problems experienced by Bank Jatim
During 2023 there were no legal issues being faced by the through the legal process is not significant and does not
incumbent Board of Commissioners and Directors. interfere with the Bank’s performance because the Bank has
carried out appropriate mitigation and litigation processes and
Legal Problems Facing Subsidiaries in accordance with the provisions of laws and regulations.
During 2023, Bank Jatim does not yet have Subsidiaries,
so there is no information on legal issues being faced by
Subsidiaries.
Administrative Sanctions Imposed to Companies, Members of the Board of
Commissioners and the Board of Directors by Capital Market Authorities and Other
Authorities
Bank Jatim’s administrative sanctions for 2023 are as follows:
No. Sanction Name Institution
1. Imposition of Administrative Sanctions for Audit Position Findings June 30, 2022 Financial Services Authority
2. Imposition of Administrative Sanctions for Non-Compliance with SNAP Open API Periodic Bank Indonesia
Reporting
3. Sanctions for Delay in Submitting Debtor Reports to the Financial Information Services Financial Services Authority
System
4. Imposition of Obligation to Pay Sanctions for 2022 General Examination Results Financial Services Authority
5. Sanctions for Errors in SLIK Reporting on 2023 General Audit Results Financial Services Authority
6. Delay in Submitting the 2023 RBB Report Financial Services Authority
7. Delay in the 2023 RPPB Report Financial Services Authority
8. Antasena Transaction Reporting Fines pln01 Bank Indonesia
9. LBUT Monthly Antasena Reporting Fines Bank Indonesia
10. Lack of Fulfillment of Sharia Mandatory Minimum Reserves (GWM). Bank Indonesia
11. Submission of Foreign Exchange Traffic Report (LLD) exceeds the Cut Off Time Bank Indonesia
12. Misreporting of Financial Information Financial Services Authority
PT Bank Pembangunan Daerah Jawa Timur Tbk
468 Annual Report 2023
Page 471
CORPORATE
GOVERNANCE
No. Sanction Name Institution
13. Delay in Complaint Follow-up Financial Services Authority
14. Report Submission Correction Violations Bank Indonesia
15. Operation of Products without Obtaining Permits Financial Services Authority
16. Not Submitting Reports Bank Indonesia
17. Not Submitting Reports Bank Indonesia
18. Delay in Submitting Reports Financial Services Authority
During 2023 there were no administrative sanctions imposed information on CSR distribution and the latest information /
on the members of the Board of Commissioners and Directors news about Bank Jatim.
by the capital market authorities and other authorities.
As information to the wider community, Bank Jatim regularly
Access to Company Information and Data participates in events held by other parties and distributes
press releases to print and electronic media to inform Bank
The public can access all financial and non-financial reports that Jatim activities and products. Bank Jatim also informs several
have been submitted by Bank Jatim in a transparent manner important activities and published quarterly reports to the public
through various means that are available in a timely, complete through cooperation with print and electronic media (internet).
and accurate manner. Bank Jatim uses social media as a means to communicate with
external parties through:
Internal Communication Facebook : bank jatim
Twitter : @bank_jatim
Bank Jatim maintained an internal communication network Instagram : bankjatim
between the Bank’s management and employees and ensured Youtube : bank jatim
the implementation of communication went well within the
organization. By taking this into account, Bank Jatim developed Investor Management
several communication channels, including through the Bank
Jatim Magazine, the human resources intranet portal and Bank In maintaining the trust of shareholders and stakeholders, the
Jatim internal information media which provided information Bank Jatim Investor Management team is in direct contact
to all Bank Jatim employees about various company activities with investors, analysts and Shareholders to explain the Bank’s
and information needed in carrying out daily activities. Internal performance. The activities carried out by Investor Relations
communication has a purpose, namely: are as follows:
1. Responsibility for internal management.
2. Submission of draft speeches, papers, seminar materials for Derry Widya Ariyanta
the Board of Directors and materials for the GMS. Corporate Secretary Kantor Pusat
3. Submission of the preparation of the Bank’s Annual Report Bank Jatim
Book and Company profile. Jl. Basuki Rachmat No. 98-104, Surabaya
4. Proposal of procedures and concepts for Board of Directors Email: iru@bankjatim.co.id
meetings, ceremonies, Bank events and other meetings. Telp: (6231) 5310090-99 ext 440
External Communication The activities carried out by Investor Relations are as follows:
1. Compiling the performance of Bank Jatim every month
Bank Jatim used various communication channels both to in accordance with the company’s monthly financial
internal and external parties which aimed to build a company reports such as; macro and micro economic information,
image through print media, electronic media, broadcast media, information on the company’s financial position based on
display media and others. To make it easier for the public to balance sheets, ratios, percentages, business plans and
get the latest information about the company, Bank Jatim had strategies as well as stock information.
a corporate website that could be accessed through www. 2. Managing information disclosure with investors and
bankjatim. co.id which also functioned as a service portal. On analysts.
the Bank Jatim website, people can find detailed information 3. Coordinating, evaluating, and providing recommendations
about Bank Jatim starting from history, organizational structure, in the implementation of activities including:
vision and mission, management, networks, achievements, a. One on One Meeting
fund products, credit products and Bank Jatim services for both This activity is carried out to foster good relations with
conventional and sharia. In addition, the website also contains potential investors, investors and analysts.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 469
Page 472
b. Analyst Meeting Activities carried out at the request of investors to visit
Activities to present the company’s quarterly branches to see the operations of Bank Jatim.
performance with analysts aimed at delivering the e. Roadshow
latest information on the performance, strategies and Activities increase the interest of foreign investors to
achievements that have been achieved by Bank Jatim.. enter the country through Bank Jatim shares.
c. Conference Call 4. Compiling, managing, and carrying out preparation of
Telephone calls made either at the request of an weekly, monthly, quarterly, semester and annual publication
investor or an Investor Relations initiative. report.
d. Site Visit
Investor Relation Performance
The activities that have been carried out by the Investor Relations Team during 2023 are as follows:
1. Analyst Meeting activities, in 2023 will be held 4 (four) times a year
No Date Location Topics
1 March 7, 2023 Alila Hotel, Jakarta Analyst Meeting FY 2022 Audited
2 April 28, 2023 Bank Jatim Headquarter Analyst Meeting 3M23
3 July 25, 2023 Indonesian Stock Exchange Building, Jakarta Analyst Meeting 1H23
4 October 30, 2023 Alila Hotel, Jakarta Analyst Meeting 9M23
2. Communication with analysts and investor is as follows:
No Date Investors/Securities Topics
1 March 20, 2023 Bahana Sekuritas One On One Meeting
2 May 12, 2023 Panin Sekuritas One On One Meeting
3 June 16, 2023 Bahana Sekuritas One On One Meeting
4 July 12, 2023 PT Taspen One On One Meeting
5 July 24, 2023 PT Taspen One On One Meeting
6 July 25, 2023 Bahana Sekuritas One On One Meeting
7 August 7, 2023 Sinarmas Sekuritas Site Visit
8 August 16, 2023 Toccata Capital One On One Meeting
9 August 28-30, 2023 Ciptadana Asset Management One On One Meeting
Semesta Asset Management
Wanteg Asset Management
GAP Capital
BNI Life
BCA Sekuritas
10 September 22, 2023 BRI Danareksa Site Visit
11 October 5-6, 2023 BPJS One On One Meeting
Edgbaston Investment Partner
12 October 31, 2023 BRI Danareksa One On One Meeting
13 November 24, 2023 Binaartha Sekuritas One On One Meeting
Waterfront Sekuritas
4. On June 23, 2023, Bank Jatim was included in the Tempo-IDN Financial52 Index.
5. On September 18, 2023, Bank Jatim was included in the Financial Times Stock Exchange (FTSE) Russell for the Micro Cap
category.
PT Bank Pembangunan Daerah Jawa Timur Tbk
470 Annual Report 2023
Page 473
CORPORATE
GOVERNANCE
6. On September 20, 2023, Bank Jatim won an award at the IDX Channel Anugrah Innovation Indonesia (ICAII) 2023 event in the
Product Innovation & Business Model category by implementing the 5 (five) Pillars of Transformation Innovation.
7. Bank Jatim is included in the top 10 of the KCSI (Katadata Corporate Sustainability Index) Ranking for the September 2023
period in the Finance sector.
8. Organizing a Live Public Expose which will be held on November 2, 2023 at Bank Jatim Head Office.
9. On November 23, 2023, Bank Jatim won an award at the CSA Award-The Best Innovation Regional Banks event.
Press Conference
No Date Press Conference
1 January 19, 2023 Bank Jatim and RSU Brimedika Collaborated on Employee Health Services
2 January 20, 2023 Bank Jatim Started 2023 with the Submission of CSR Bank Jatim care
3 January 27, 2023 Bank Jatim Handed Over CSR to RSUD Husada Prima Surabaya
4 January 30, 2023 Bank Jatim Handed Over CSR Assistance to Probolinggo City Government
5 February 1, 2023 Consistently Implementing GCG, Bank Jatim Won Asean Asset Class PLCs Award
6 February 2, 2023 Bank Jatim Supported Ministry of Finance Programs Through UMKM and KUR Assistance
7 February 6, 2023 Supporting MSMEs in Kediri Regency, Bank Jatim Handed over CSR to Kediri Regency Government
8 February 8, 2023 Bank Jatim Peduli Helped Construction of Landmark Simpang 4 Pasuruan City
9 February 10, 2023 Total Prize of 3 billion, SIMPEDA National Lottery was lively
10 March 5, 2023 Bank Jatim Presented E-Retribution (SI RATRI) at the Perak Jombang Market
11 March 8, 2023 To support easier payment of tuition fees, Bank Jatim collaborated with Trunojoyo Madura University
12 March 8, 2023 Strengthening Sharia Services, Bank Jatim Signed Business Synergy Cooperation Agreement with Bank NTB Syariah
13 March 9, 2023 Bank Jatim Won 2023 Obsession Awards in Best Companies Category
14 March 13, 2023 Bank Jatim Achieved Rank A in 2021 Sustainability Report
15 March 14, 2023 Creating Work-Ready Human Resources, Bank Jatim and East Java Manpower and Transmigration Department Press
Mou for Providing Internships
16 March 14, 2023 Bank Jatim and Tuban Regency Government synergized with each other to launch the East Java Agent
17 March 17, 2023 Working on Sharia Economic Potential, Bank Jatim Launched Santri Savings
18 March 20, 2023 Bank Jatim Supported the East Java Provincial Government's Trade Mission in East Kalimantan
19 March 21, 2023 Bank Jatim Cares Provided CSR Assistance for the Construction of the Magetan Regency Border Gate
20 April 5, 2023 Bank Jatim Won Award at the 2023 TOP BUMD Awards
21 April 7, 2023 Encouraging Digital Financial Literacy, Bank Jatim Held JConnect Ramadhan Festival with MSME Players
22 April 12, 2023 Performance Increases, Bank Jatim Distributed Dividends of IDR 797 billion
23 April 14, 2023 QRIS Bank Jatim Made Trans East Java Bus Payments Easy
24 April 15, 2023 Suroboyo Bridge Ramadhan Festival Helped MSMEs Upgrade
25 April 28, 2023 Launching Five Pillar Digital Transformation, Bank Jatim's Credit Performance Grew Beyond Target
26 April 30, 2023 Jconnect Ramadhan Festival 2023 recorded Transactions of Hundreds of Millions of Rupiah During the Exhibition
27 May 8, 2023 Expanding the Market Bank Jatim Included 3 MSMEs It Assisted in the Lampung Trade Mission
28 May 15, 2023 New Building Inaugurated by Bank Jatim Capem Porong Was Ready to Provide Optimal Service
29 May 15, 2023 Supporting the Trade and Investment Mission of East Java Province, Bank Jatim Introduced JConnect Ramadhan in
Hong Kong
30 May 17, 2023 Supporting each other, Bank Jatim and UNESA Signed MoU in the Business & Academic Sector
31 May 21, 2023 Receiving Full Support from Bank Jatim, PT Enha Sentosa Indonesia Successfully Exported Ginger to Four Countries
32 May 25, 2023 Explained Kangean Island Through CSR PJU Solar Cell from Bank Jatim
33 May 26, 2023 Bank Jatim Facilitated PT Astana Shoga Asia to Penetrate the Export Market
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 471
Page 474
No Date Press Conference
34 May 28, 2023 Realizing Economic Independence Bank Jatim Handed Over Two CSRs Simultaneously in Lamongan and Lumajang
35 May 29, 2023 Supporting the Acceleration of Digitalization Bank Jatim Handed Over CSR Assistance of 120 PC Units to Surabaya
City Government
36 May 30, 2023 Governor of East Java Inaugurated the Foreign Exchange Pendulum Village Assisted by Bank Jatim
37 June 1, 2023 Bank Jatim Distributed East Java Retail Credit in Kampoeng Kreasi Activities
38 June 5, 2023 Strengthening Collaboration with PT SIER, Bank Jatim Signed MoU, and Inaugurated New Office
39 June 7, 2023 Forming Trust Management for Company Performance, several Bank Jatim Directors Purchased BJTM Shares
40 June 9, 2023 Bank Jatim Won Award at the 2023 Indonesia Financial Top Leader Awards
41 June 10, 2023 Applying the Performance Management System, 99.8% of Bank Jatim Employees Felt Engaged
42 June 11, 2023 Applying Work Life Balance, Bank Jatim Participated in Badminton Friendly Match
43 June 12, 2023 Following the Trade Mission, Bank Jatim Provided Promotional Facilities and Market Access for its MSMEs
44 June 19, 2023 Accelerating Health Services, Bank Jatim Handed Over CSR Ambulance Assistance to RSJ Menur
45 June 20, 2023 Bank Jatim Social Media Won Award at the 20th Infobank-MRI BSE Awards 2023
46 June 23, 2023 Received High Dividend Appreciation, Real Evidence that Bank Jatim Contributed to the Country
47 June 27, 2023 Bank Jatim became the first bank to implement IKD for banking in Indonesia
48 July 3, 2023 Bank Jatim's Commitment to Fostered MSMEs in Trade Mission Activities
49 July 14, 2023 Bank Jatim Affiliated Company Operational Office Officially Moved to Rubber Building
50 July 15, 2023 Strengthening Sharia Performance, Bank Jatim Held Sharia Town Hall Meeting 2023
51 July 17, 2023 Realizing Concern for the Probolinggo Community, Bank Jatim Handed Over CSR & Launched Regional Financial
Electronification
52 July 17, 2023 Bank Jatim collaborated with PLN Insurance regarding bank guarantees
53 July 25, 2023 Bank Jatim Credit Distribution Grew Significantly
54 July 28, 2023 Optimal Performance, Bank Jatim Won Indonesia Best Bank Awards 2023
55 July 31, 2023 Supporting Village and Rural Progress, Bank Jatim & Ministry of Village PDTT Collaborated in ASEAN SOMRDPE
Indonesia 2023
56 August 9, 2023 Bank Jatim Strengthened Synergy with the East Java High Prosecutor's Office
57 August 10, 2023 Bank Jatim Collaborated with the Surabaya District Prosecutor's Office and the Tanjung Perak District Prosecutor's
Office
58 August 20, 2023 Celebrating its 62nd Birthday, Bank Jatim Launched JConnect Pro
59 August 20, 2023 Bank Jatim Facilitated MSME Terminal and Trans Jatim QRIS Bus Payments
60 August 21, 2023 Bank Jatim Supported the Submission of the 2022 PPPK Formation Decree by the Governor
61 August 22, 2023 East Java Provincial Government Together with Bank Jatim Distributed Social Assistance to Bangkalan
62 August 23, 2023 East Java Provincial Government and Bank Jatim Greeted Hundreds of ASN and Hand Over Social Assistance in
Pamekasan
63 August 23, 2023 Bank Jatim Synergized with Malang City Government to Revitalize the Square
64 August 24, 2023 Caring for Cigarette Workers, East Java Provincial Government Collaboratedwith Bank Jatim to Distribute Aid to
5,030 Workers
65 August 25, 2023 Continuously Positive Performance, Bank Jatim Won Infobank Award 2023
66 August 31, 2023 Bank Jatim Won Best BUMD Digital Innovation Award
67 August 31, 2023 Bank Jatim Became the Largest Fund Collector in Simpeda Savings
68 September 4, 2023 Encouraging Financial Inclusion, Bank Jatim's Highest Simple Savings Achievement in East Java
69 September 5, 2023 Synergy with PT Rajawali I Sugar Factory & PKPTR Malang, Bank Jatim Supported Financing of Sugarcane Farmers
70 September 6, 2023 Increasing Young Generation's Interest in Sports, Bank Jatim Handed Over Basketball Court CSR to Tuban Regency
Government
PT Bank Pembangunan Daerah Jawa Timur Tbk
472 Annual Report 2023
Page 475
CORPORATE
GOVERNANCE
No Date Press Conference
71 September 6, 2023 Bank Jatim Won Two Awards at Once in the 2023 TOP GRC Awards
72 September 7, 2023 Encourage the Youth Hajj Movement through Bani Fest 2023
73 September 11, 2023 Supporting East Java Provincial Government Activities in the Trade and Investment Mission in Banten, Bank Jatim
Facilitated Local Products
74 September 11, 2023 Supporting Madiun Sugarcane Farmers, Bank Jatim Again Signed Cooperation Agreement with PT PG Rajawali I
75 September 16, 2023 Increasing GCG Values, Bank Jatim Held Executive Summit 2023
76 September 17, 2023 Synergy with the East Java Provincial Government, Bank Jatim Facilitated the Distribution of Social Assistance and
Productive Zakat
77 September 18, 2023 Bank Jatim Won Top 50 Best Issuers
78 September 18, 2023 Bank Jatim Supported E-Parking Payments in Jember Regency
79 September 18, 2023 Bank Jatim Handed Over CSR Construction of Mandiri Dukcapil Platform and MSME Equipment to Pamekasan
80 September 19, 2023 Encouraging East Java Investment Growth, Bank Jatim Signed Memorandum of Understanding with SEER
81 September 19, 2023 Bank Jatim Together with the Madiun Regency Government Launched E-Market Levy and Siskeudes
82 September 19, 2023 Supporting the Independent Career Movement, Bank Jatim Distributed CSR to the East Java Manpower and
Transmigration Department
83 September 20, 2023 Applying the Five Pillars of Transformation, Bank Jatim Won the 2023 ICAII Award
84 September 20, 2023 Bank Jatim Received Award as East Java Startup Supporting Institution
85 September 22, 2023 Improving Community Welfare, Bank Jatim Handed Over RTLH Rehabilitation CSR to Bondowoso Regency
Government
86 September 22, 2023 Consistently producing outstanding athletes, Bank Jatim won award as a business entity that cared about sports
87 September 23, 2023 Bank Jatim Handed Over CSR Operational Vehicles to BPBD East Java
88 September 23, 2023 Playing Wholeheartedly, Bank Jatim Won Overall Champion of PORMI
89 September 29, 2023 Bank Jatim Won Award from the Indonesian Ministry of Home Affairs
90 October 4, 2023 Bank Jatim Won Indonesia Best CFO Award 2023
91 October 6, 2023 Improving UUS Performance, Bank Jatim Launched Dual Banking Leveraging Model
92 October 14, 2023 Supporting Food Security, Bank Jatim Distributed Credit to Tulungagung Sugar Cane Gapoktan
93 October 17, 2023 Commemorating Batu City's 22nd Anniversary, Bank Jatim Handed Over CSR and Branding of Among Tani Main
Market
94 October 18, 2023 Trans Jatim Corridor III Inaugurated, Bank Jatim Received Appreciation Certificate
95 October 18, 2023 Supporting Recovery from the Impact of the Pandemic, Bank Jatim Received the Jatim Bangkit Awards
96 October 25, 2023 Commitment to help MSMEs advance to class, Bank Jatim handedover CSR Cone Tent to Jember Regency
Government
97 October 25, 2023 Encouraging an increase in non-cash transactions, Kediri Regency Government together with Bank Jatim launched
KKPD
98 October 26, 2023 Increasing Financial Literacy and Inclusion, JIFest 2023 Officially Held
99 October 27, 2023 UUS Bank Jatim SupportedStrengthening Sharia Interbank Money Market
100 October 30, 2023 Bank Jatim Aggressively Distributed Credit, Growth Skyrockets 12.61% Above Banking Average
101 November 3, 2023 Bank Jatim Handed Over CSR Corpse Ambulance Car to RSUD Dr. Soetomo
102 November 6, 2023 Bank Jatim Successfully Achieved Gold Rank ASRRAT 2023
103 November 9, 2023 OPOP Expo 2023, Bank Jatim Launched KUR Syariah
104 November 9, 2023 Increasing Synergy Between BPDs, Bank Jatim Held Treasury Talk 2023
105 November 10, 2023 Excellent Performance, Bank Jatim Won Road To CNBC Indonesia Awards 2023 Best Regional Banks
106 November 16, 2023 Encouraging Increased Export Transactions, Bank Jatim and LPEI Signed MoU
107 November 16, 2023 Bank Jatim Handed Over CSR Revitalization of Jombang Square
108 November 16, 2023 Discussing the Development of the Digital Economy, FKDK BPDSI was Successfully Held
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 473
Page 476
No Date Press Conference
109 November 18, 2023 Running While Donating, Bank Jatim Held Jatimers Run To Care
110 November 18, 2023 Caring about the World of Health, Bank Jatim Handed over CSR Ambulance Bikes to Kanjuruhan Regional Hospital
111 November 21, 2023 Supporting East Java Migrant Workers, Bank Jatim Provided Ambulance Assistance and Facilitated Financial
Transactions Abroad
112 November 22, 2023 Bank Jatim Together with the East Java Provincial Government Encouraged Export Development Through the 2023
Empowered East Java Export Festival
113 November 23, 2023 Bank Jatim Received 2023 CSA Awards
114 November 24, 2023 Forming Synergy with Trenggalek Regency Government, Bank Jatim Handed Over CSR Ambulance Cars and
Launched KKPD
115 November 24, 2023 Caring about Taxes, Bank Jatim Received Award from Bapenda East Java
116 November 27, 2023 Adding Award Collection, Bank Jatim Won First Place in ARA 2022
117 November 30, 2023 Spreading Business Wings, Bank Jatim KUB MoU with Bank Lampung
118 December 4, 2023 Consistently Carrying Out Digital Transformation, Bank Jatim Won Two Awards at Once in the 2023 TOP Digital Awards
119 December 9, 2023 Supporting the World of Education, Tourism, and MSMEs, Bank Jatim Distributed CSR Assistance to Mojokerto City
Government and Sumenep Regency Government
120 December 12, 2023 First in Indonesia, Bank Jatim Broke MURI Record of 2,312 Debtors Signing Mass Consumer Credit Agreements
121 December 13, 2023 Strengthen KUB, Bank Jatim Signed NDA and PKS Business Synergy with Bank Lampung
122 December 14, 2023 Jokowi Celebrated the Inauguration of the Among Tani Main Market with Optimal Support from Bank Jatim
123 December 15, 2023 Bank Jatim Leaded Innovation by Becoming a Pioneer in Indonesia in Implementing IKD, Visited by the Directorate
General of Dukcapil (civil registry office), Ministry of Home Affairs and the World Bank
124 December 16, 2023 Big Success! 17 Thousand Participants in the Situbondo Healthy Walk with Bank Jatim Support
125 December 15, 2023 Bank Jatim Sharia Business Unit Received Three Awards at Once in the 2023 BPKH Award
126 December 19, 2023 President Commissioner of Bank Jatim, has passed away
Bulletin
Volume Bulletin Theme
26th Edition 2023, Progressive Perbankan Performance in the first quarter
27th Edition Acceleration of banking digitalization
Transparency of Report Submission
Bank Jatim is always committed to being transparent in submitting reports, both periodic and incidental reports. The reports that
have been submitted by Bank Jatim for 2023 are as follows.
Periodic Report
No. Type of Report Goals Report Period Total
1. Securities Holder Registration Report BEI and OJK Monthly 12
2. Foreign Exchange Debt Report BEI and OJK Monthly 12
3. Annual report BEI and OJK Annual 1
PT Bank Pembangunan Daerah Jawa Timur Tbk
474 Annual Report 2023
Page 477
CORPORATE
GOVERNANCE
Incidentile Report
No. Date Reference Number Goals Regarding
1. 27/2/2023 062/056/DIR/CSE/Srt OJK Presentation at Annual General Meeting of Shareholders
2. 6/3/2023 062/091/DIR/CSE/Srt OJK The Announcement of Annual General Meeting of Shareholders planning
3. 6/3/2023 062/4/CSE/IVR/Srt OJK Presentation of Advertisement for Annual General Meeting of Shareholders
planning
4. 8/3/2023 062/169/AMK/AKP/GPL/SRT OJK Presentation of Information Advertisement about Annual Financial Statements
5. 13/3/2023 062/102/DIR/CSE/Srt OJK Request for Clarification from The Issuer and Public Company in Response to
Indnesia’s Financial Authority letter (OJK)
6. 21/3/2023 062/107/DIR/CSE/Srt OJK Call for Annual General Meeting of Shareholders
7. 21/3/2023 062/05/CSE/IVR/Srt OJK Presentation of Advertisement for Annual General Meeting Call
8. 21/3/2023 062/114/DIR/CSE/Srt OJK Request of Emitent Explanation and Other Public Companies
9. 21/3/2023 062/110/DIR/CSE/Srt OJK Presentation of Annual and Sustainable Reports
10. 21/3/2023 062/109/DIR/CSE/Srt SIPENA Submission of Sustainability Report Book from Regional Development Bank
– OJK in 2022
11. 14/4/2023 062/149/DIR/CSE/Srt OJK Summary of Annual General Meeting of Shareholders
12. 14/4/2023 062/08/CSE/IVR/Srt OJK Disclosure of Information related to Corporate Action- Cash Dividend
13. 14/4/2023 062/07/CSE/IVR/Srt OJK Submission of Advertisement General Meeting Shareholders’ results
14. 28/4/2023 062/344/AMK/AKP/GPL/SRT OJK The Submission of Advertisement for Interim Financial Report
15. 28/4/2023 062/158/DIR/CSE/Srt SIPENA- Announcement of Temporary Replacement Report for the Bank Jatim Director
OJK
16. 2/5/2023 062/226/DIR/CSE/Srt OJK Change of Corporate Secretary
17. 10/5/2023 062/190/DIR/CSE/Srt OJK Summary of Annual General Meeting Shareholders
18. 22/5/2023 062/220/DIR/CSE/Srt OJK Report of Ownership or Any Changes in Share Ownership of a Public Company
19. 22/5/2023 062/221/DIR/CSE/Srt OJK Report of Ownership or Any Changes in Share Ownership of a Public Company
20. 30/5/2023 062/224/DIR/CSE/Srt OJK Report of Ownership or Any Changes in Share Ownership of a Public Company
21. 6/6/2023 062/228/DIR/CSE/Srt OJK Report of Ownership or Any Changes in Share Ownership of a Public Company
22. 6/6/2023 062/287/DIR/CSE/Srt OJK Request of Emitent Explanation and Other Public Companies
23. 6/6/2023 062/232/DIR/CSE/Srt OJK Report of Ownership or Any Changes in Share Ownership of a Public Company
24. 6/6/2023 062/231/DIR/CSE/Srt OJK Report of Ownership or Any Changes in Share Ownership of a Public Company
25. 6/6/2023 062/230/DIR/CSE/Srt OJK Report of Ownership or Any Changes in Share Ownership of a Public Company
26. 6/6/2023 062/227/DIR/CSE/Srt OJK Report of Ownership or Any Changes in Share Ownership of a Public Company
27. 6/6/2023 062/111/DKM/SDK/SRT OJK Report of Ownership or Any Changes in Share Ownership of a Public Company
28. 6/6/2023 062/10/CSE/IVR/Srt OJK Monthly Report of Security Holders Registration
29. 6/6/2023 062/229/DIR/CSE/Srt OJK Report of Ownership or Any Changes in Share Ownership of a Public Company
30. 9/6/2023 062/240/DIR/CSE/Srt OJK Report of Material Information of Facts : Submission of the Assessment Results
of Competence and Suitability
31. 9/6/2023 062/238/DIR/CSE/Srt OJK Report of Ownership or Any Changes in Share Ownership of a Public Company
32. 9/6/2023 062/236/DIR/CSE/Srt OJK Report of Ownership or Any Changes in Share Ownership of a Public Company
33. 7/7/2023 062/367/CSE/CMAI/Srt OJK Internal Audit Change
34. 18/7/2023 062/396/CSE/CMAI/Srt OJK Corporate Secretary Change
35. 26/7/2023 062/624/AMK/AKP/GPL/SRT OJK The Submission of Advertisement for Interim Financial Report
36. 23/8/2023 062/456/DIR/CSE/Srt OJK Internal Audit Change
37. 25/8/2023 062/332/DIR/CSE/Srt SIPENA- Report Regarding the Temporary Replacement of the Director in charge of
OJK Compliance Function in Bank Jatim
38. 19/10/2023 062/730/CSE/CMAI/Srt BEI Annual Plan for Public Expose
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 475
Page 478
No. Date Reference Number Goals Regarding
39. 23/10/2023 062/378/DIR/CSE/Srt OJK Report of Material Information of Facts : Submission of the Assessment Results
of Competence and Suitability
40. 30/10/2023 062/15/CSE/CMAI/Srt BEI Presentation of Annual Public Expose Material
41. 31/10/2023 062/940/AMK/AAPK/SRT OJK The Submission of Advertisement for Interim Financial Report
No. Date Reference Number Goals Regarding
42. 6/11/2023 062/17/CSE/CMAI/Srt OJK Laporan Hasil Public Expose - Tahunan
43. 23/11/2023 062/894/AMK/AAKP/Surat OJK Request for Explanation from Issuers and Other Public Companies (Reviewer
of Financial Reports)
44. 29/11/2023 062/807/CSE/CMAI/Srt SIPENA- Appointment of Public Accountant Firm of East Java Regional Development
OJK Bank in 2023
45. 5/12/2023 062/435/DIR/CSE/Srt OJK Report of Material Information of Facts : Submission of the Assessment Results
of Competence and Suitability
46. 29/12/2023 062/450.2/DIR/CSE/Srt OJK Presentation at Annual General Meeting of Shareholders
Code of Conduct Scope of Code of Conduct
The Code of Conduct or Corporate Culture is a guideline that Bank Jatim’s Code of Conduct is regulated in manual book
functions as: No. 058/116/DIR/PRS/KEP concerning code of conduct, work
1. Codification or compilation of policies, employee ethics and business (code of conduct) dated May 14, 2019.
regulations that set standards of behavior both for Implementation of the Code of Conduct is a must of which
Management and Employees in realizing GCG and the lead to making governance as a company culture that can be
Bank’s work culture. measured through guidelines for behavior and work & business
2. Reference for every Bank employee in good and ethics. The Code of Conduct is the main reference about the
professional behavior to regulate themselves based on attitudes or actions that must be taken and which should not
mutual interests with all stakeholders. be carried out by Bank Jatim Personnel in carrying out daily
3. The basis for determining service products and various activities within the Bank Jatim environment. This means that
activities carried out by the Bank are deemed to have managers and employees are obliged to obey and comply with
fulfilled the specified code of conduct, work ethics and the code of conduct in Bank Jatim.
business.
4. Reference to maintain a good relationship between the The scope of the Code of Conduct includes:
Bank’s personnel and related external parties based on 1. Company Relations with Stakeholders such as guidelines
GCG principles and the application of behavior, work ethics for the Bank’s organs and all employees
and business. The implementation of the Code of Conduct 2. Internal Environmental Behavior (Board of Commssioners,
is a must and must be obeyed by every Bank employee Board of Directors, and employees) with the external
consistently showing that the Bank upholds cultural values environment, for example conflicts of interest, giving and
as well as business ethics and behavior in carrying it out. receiving gifts and donations, compliance with regulations,
As a code of conduct, and work and business ethics of and confidentiality of information.
the Bank, the Code of Conduct is in line with the vision
and mission to be achieved by the Bank and supported by
values that are upheld in accordance with the prevailing
corporate culture.
Principals of Code of Conduct
The main points of the Code of Ethics contain work ethics and business ethics. Work ethics and business ethics includes the following
aspects:
Work Ethics
Handling of Conflict of Interest In carrying out business activities that refer to the principles of Good Corporate Governance, the Bank is required
to manage conflicts of interest. Conflict of interest management is aimed at creating a work climate that always
puts the interests of the Bank ahead of personal interests and improves good relations with suppliers, customers,
and other stakeholder parties. Handling of conflicts of interest to refer to the applicable internal provisions.
PT Bank Pembangunan Daerah Jawa Timur Tbk
476 Annual Report 2023
Page 479
CORPORATE
GOVERNANCE
Work Ethics
Gratification Control a. All Bank Officials and Employees are prohibited from giving or promising gratuities either directly or
indirectly, which are considered as giving bribes to civil servants or State administrators if the gift relates to
their position and is contrary to their obligations or duties;
b. All Bank Officers and Employees are prohibited from receiving and soliciting gratuities that are considered
bribes either directly or indirectly from any party in order to comply with policies/ decisions/treatment of
Bank officials and employees according to their position, authority, and responsibility;
c. All Bank Officers and Employees are required to reject gratuities that are considered bribes, whether
received directly or indirectly;
d. Categories and procedures for reporting gratuities are regulated in more detail in the applicable regulations.
Political Activities a. The Bank guarantees and respects the rights of the Bank’s management and employees to exercise their
political rights in accordance with the provisions of the applicable laws and regulations. Banks will not
impose their will/limit the rights of management and bank employees as individuals to be able to channel
their political aspirations;
b. Its management and Bank employees individually can convey political aspirations freely without pressure
from any party in accordance with the applicable laws and regulations;
c. Prohibited activities:
1. Management and Bank Employees are prohibited from becoming administrators of political parties
and/or/candidates/members of the legislature;
2. Bank management and employees are prohibited from participating in election campaigns and/or
being election campaign executors;
3. Bank Management and Employees are prohibited from providing donations and other assistance in
any form including the use of facilities and infrastructure owned by the Bank for Presidential Elections,
Regional Head Elections and members of the legislature;
4. Pursuant to the Law on Elections, members of the DPR, DPD and DPRD, management and employees
of banks who become campaigners can be subject to criminal sanctions and imprisonment as provided
for in the applicable laws.
d. Resignation and Cessation from Political Activities
Resignation and Bank employees who become Executives of Political Parties/and/or become candidates/
members of the legislature are required to resign and/or be dismissed from their respective positions and
obtain rights according to the Bank’s internal provisions that apply.
Bussiness Ethics
Bank Ethics with Employees Bank Ethics with employees can be conveyed as follows:
a. Fairness of treatment of Bank employees;
b. Assignments and Employee Activities Outside the Bank;
c. Prohibition of Employee Involvement in Bank Securities Business Activities;
d. Employee Discipline;
e. Work environment;
f. Employee Aspiration Channel;
Bank Ethics with Customers a. Offering products and services according to predetermined quality standards;
b. Providing the best service to customers and following up on customer complaints fairly without
discrimination;
c. Carrying out continuous promotions in a healthy, fair, honest, non-misleading manner and accepted by
applicable norms to achieve customer satisfaction and trust.
Bank Ethics with Goods and a. The selection of goods and services providers must be based on an assessment of capabilities, achievements,
Service Providers and based on compliance and objectivity in the fields of price standards, quality, availability, requirements
and services provided by partners/suppliers;
b. Banks do not treat goods and services providers who have become customers of the Bank in a special way;
c. Carry out payments to providers of goods and services on time as long as the invoice issued is accompanied
by supporting documents and is in accordance with the agreed amount;
d. Imposing sanctions on goods and services providers who commit violations;
e. Maintaining good communication with providers of goods and services including following up on complaints
and objections;
f. Utilizing good relations with providers of goods and services as an intelligent market and intelligent
competitor;
g. Applying the latest goods and services procurement technology;
h. Every Bank employee is prohibited from asking for and/or receiving compensation, both financial and non-
financial for personal gain;
i. Goods and service providers are advised to understand and follow Bank regulations relating to procurement
and services from external parties;
j. Other provisions regarding the procurement of goods and services refer to the provisions stipulated by the
General Division.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 477
Page 480
Bussiness Ethics
Bank Ethics With Competitors a. The Bank complies with the provisions of the anti-monopoly law;
b. Conduct market research to find out competitors’ positions;
c. Carrying out fair and competitive competition by prioritizing the excellence of quality products and services.
Bank Ethics with Work Partners a. Making mutually beneficial cooperation agreements with partners;
b. Uphold agreed rules and procedures;
c. Prioritizing the achievement of optimal results according to the best standards;
d. Building intensive communication with work partners to continuously improve performance on an ongoing
basis.
Bank Ethics with the Government a. Employees are required to study, understand and comply with all provisions, policies and/or/ regulations
and Regulators both internal and external including the provisions of BI, OJK and applicable laws and regulations of other
authorities and regulators;
b. Employees must be aware not to cooperate with customers and/or active parties who violate the law;
c. Deviations, negligence or employee violations of internal and external provisions, policies and regulations
including BI, OJK and applicable laws and regulations as well as other authorities and regulatory provisions
are subject to sanctions in accordance with applicable procedures;
d. Fostering good relations and communication with the Central and Regional Governments, the Financial
Services Authority, Bank Indonesia and other external parties;
e. Applying the best standards (best practices) by taking into account the applicable regulations regarding the
quality of services, products and services, health, safety, and the environment;
f. Avoid practices of Corruption, Collusion and Nepotism (KKN) in dealings with the Government and
Regulators.
Bank Ethics with Society a. Development in the social sector, namely activities that have an impact on improving the quality of social
life, culture, religion, and social welfare;
b. Supporting environmental preservation efforts;
c. Community economic development;
d. Incidental activities.
Bank Ethics With Mass Media a. Providing relevant and balanced information to the mass media, both general, specific, strategic and
sensitive information;
b. The Bank appoints a spokesperson who represents the Bank in communicating with the media, namely:
1. Main Director and Director;
2. Corporate Secretary;
3. Branch Manager.
c. The Bank’s communication tools with the mass media consist of press conferences, press releases, interviews
and media inquiries;
d. Accept and follow up on constructive criticism conveyed through the mass media, but still pay attention to
the aspects of risk and costs.
Bank Ethics with Professional a. Make mutual agreements regarding ethical standards that apply to fellow members of professional and
Organizations regulatory organizations;
b. Uphold the attitude of partnership and equality towards fellow members of professional and regulatory
organizations.
Compliance with Code of Conduct a. Printed advertising (posters, banners, hanging banners,
stickers, and mica standing)
The Code of Conduct applies to the Board of Directors, Board b. Other campaigns include agendas, mouse pads, flash
of Commissioners and all employees. The Bank requires the drives, paper fans, umbrellas, tumblers, power banks
Board of Directors, Board of Commissioners and all employees 1.1 One form of risk culture campaign
is through the use of a pain on the
to sign an Integrity Pact statement so that it can be implemented left of the uniform.
as well as possible. The successful implementation of the Code
of Conduct is the responsibility of all leaders in their respective
work units. The company requires the signing of a Integrity
Pact statement to be implemented to the best of one’s ability. Pic 1.1
The success of the Code of Conduct implementation is the c. Portal and Corporate Identity
responsibility of all leaders within their respective work units. d. Quiz
e. Social media
Dissemination of Code of Conduct - Employee Involvement Campaign including the
Expression songwriting contest
Facilities for the dissemination of Code of Conduct are as - Leaders Talks Values
follows:
1. Human Capital Portals
2. Compliance Portal
3. Integrity Pact
4. Campaign Program, includes:
PT Bank Pembangunan Daerah Jawa Timur Tbk
478 Annual Report 2023
Page 481
CORPORATE
GOVERNANCE
Efforts for Implementation and Enforcement of b. Category II - Moderate Position Penalty
the Code of Conduct Salary Increase Postponement
Personal Grade Decrease
Implementation of the code of ethics is an obligation for the c. Category III - Heavy Service Penalties
management and employees of the Bank. This code of conduct 1 (one) Level Demotion
will always be used as a guide in the preparation of policies, 2 (two) Levels of Demotion
manuals/ procedures and management practices. Bank Jatim Revocation of Mandates for Position Holders
regularly monitors compliance with the Code of Conduct In order Disrespectful Termination
to build commitment to the implementation of the code of ethics,
all management and employees will apply the code of ethics with Number of Violations and Sanctions Given
commitment and consistency, which is documented through the
signing of the Integrity Pact or Statement of Attitudes of Bank During 2023, there were 24 (twenty-four) cases that were
Jatim personnel regarding the implementation of the Code of resolved and sanctions were imposed, including:
Conduct. This integrity pact is valid until the person concerned is 1. Warning Letter
not actively working at Bank Jatim. 2. Written Reprimand
3. Statement of Dissatisfaction
Types of Violations of Code of Conduct 4. Postponement of Salary Increase”
5. Reduction in Personal Grade
The sanctions for violations of the Code of Ethics are regulated 6. Demotion by 1 (one) level
in Guideline Book No. 059/197/DIR/HCP/KEP regarding 7. Revocation of Mandate for Position Holder
the Implementation Guide for the Reward and Punishment 8. Termination with Dishonorable Discharge
System dated August 7, 2020. Sanctions will be given to each
personnel of the Bank who has been proven to have violated Performance-Based Long-Term
and legally violated by the person concerned. New sanctions Compensation Policy
can be determined after the type of violation is known. All
types of administrative sanctions in the form of mild, moderate, The provision of long-term performance-based compensation
or severe sentence are determined by a Decree of the Board of is granted by the Bank in the Employee and/or Management
Directors, and the person concerned will lose the opportunity Stock Ownership Program (ESOP/MSOP). Deferred
to attend education/training funded by the Bank as long as remuneration.
the person concerned has not finished serving and is receiving
rehabilitation from the Board of Directors. Share Ownership Program by Employees and/
or Management (ESOP/MSOP)
The types of sanctions for violating the code of ethics are as
follows: Bank Jatim held a share ownership program by employees
1. Sanctions for Code Violation and management based on the resolution of the Company’s
a. Sanctions for Violation of Rules in the Form of Guidance General Meeting of Shareholders on March 19, 2012 which was
Verbal Reprimand then stated in Deed No. 89 dated April 25, 2012.
Reminder Letter
b. Sanctions for Violation of Rules in the Form of Purpose of Employee Stock Allocation (ESA) and
Disciplinary Penalties Management Employee Stock Option Plans (MESOP)
Sanctions for Misuse of Bank Secrets and Data and
Activities that Endanger the Bank’s Busines The main objective of the Company’s Management and
Sanctions for Discipline Employee Share Ownership Program is that the management
Sanctions for Disciplinary Violation and employees of the Company have a sense of belonging
2. Criteria for Disciplinary Violations and are expected to increase the work productivity of each
a. Violation of Authority & Procedure employee which in turn will also improve overall corporate
b. On purpose performance, so that there is an increase in company value.
c. Financial which can be enjoyed by the Company’s stakeholders.
3. Categories of Disciplinary Violations
a. Category I - Minor Punishment Total Share and/or Option
b. Category II - Moderate Position Penalty
c. Category III - Severe Service Penalties Bank Jatim holds an Employee Stock Allocation (ESA) program
4. Types of Disciplinary Punishment by allocating shares as much as 10% (ten percent) of the total
a. Category I - Minor Position Penalty: issuance of Shares Offered and issuing Stock options for the
Written Warning Management and Employee Stock Option Plans (MESOP)
Unsatisfied Statement
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 479
Page 482
program as much as 0, 71% (zeropoint seven one percent) - Has been worked for 1 (one) year as of April 30,
of the total issued and fully paid-up capital after the Public 2012
Offering. - Not in the status of being subject to office
sanctions/ suspension
Period of Implementation - Allocation based on position
- The award shares are subject to a “lockup” for 2
The Implementation Period is determined following the (two) years
provisions of Registration Regulation No. I-A attached to the - During the lockup period when the employee
Decree of the Board of Directors of the Jakarta Stock Exchange resigns or is terminated due to administrative
No.Kep-305/ BEJ/07-2004 dated July 19, 2004, namely a sanctions, the right to the Award Shares is null and
maximum of 2 (two) implementation periods per year with void.
the provision that each implementation period will be open 2. Certain Allotment Shares
for 30 (thirty) Exchange days. The MESOP program will be a. Offered to all “Employees” to buy shares at IPO price.
implemented following the applicable laws and regulations. There is no obligation to buy.
b. Allotment must be worth 7 times Employee’s salary
Requirements for Employee and/or Entire c. Employees who voluntarily buy their certain allotment
Management shares, their account will be blocked for payment in
cash on the date of the highest payment price
EMPLOYEE STOCK ALLOCATION (ESA) d. Requirements for buying Certain Allotment Shares:
- Has worked for 1 (one) year starting from April 30,
ESA is a share allocation program for employees, in this program 2012
Bank Jatim provides a special allocation or percentage for - Not in the suspension status
employees to own Bank Jatim shares. The ESA program can be - Certain Allotment is as much as 7 times Employee’s
seen in several companies when they are about to conduct an salary.
Initial Public Offering (IPO). The price for implementing the ESA - Certain Allotment Shares are subject to “Lock-up”
program is the same as the bid price at the time of the IPO. for 3 months.
The share allocation for the ESA program consists of: The procedures to obtain shares in the ESA program are as
• Award Shares, namely the provision of shares to employees follows:
as an Award. • For Award Shares, Program Participants will obtain a free
• Certain Allotment Shares, namely the allocation of share allocation of Award Shares on the date of allotment of
ownership to employees in the form of purchasing certain shares for the Initial Public Offering of the Bank’s Shares.
shares of IPO according to the limit. Program Participants will obtain a Share Allotment
Confirmation Form.
Participants who can be included in the share ownership • For Certain Allotment Shares, Program Participants
program or ESA program are as follows: who wish to buy shares offered for the certain allotment
• Employees who have worked for 1 (one) year starting from submit an order for maximum Certain Allotment Shares
April 30, 2012. in accordance with the amount allocated on behalf of the
• Not in the status of being sanctioned by position/ Participant. At the time of ordering the Certain Allotment
suspension. Shares, Participants must provide full price payment funds
in accordance with the amount ordered. Participants
If the total shares allocated in the ESA program are not fully must provide power of attorney to PT Bahana Sekuritas
distributed, the remainder will be offered to the community. to sign the Share Purchase Order Form (FPPS) on behalf
Provisions for the implementation of ESA program are as of the Ordering Party. On the date of allotment of shares,
follows: Participants will receive Confirmation of Shares Allotment
1. Award Shares on the Certain Allotment Shares ordered through the ESA
a. Distributed to all “Employees” at the cost of Bank program.
Jatim.
b. The employees receive the shares freely at the time MANAGEMENT EMPLOYEE STOCK OPTION PLANS
the Bank’s shares are listed on the Indonesia Stock (MESOP)
Exchange
c. Award Shares are provided amounting to 1 time The Management & Employee Stock Option Plan (MESOP) is a
Employee’s salary program established to grant option rights to the participants
d. Employees are obliged to sign a statement of (optionee) to buy Bank’s shares at the exercised price previously
compliance with the provisions of ESA program. The specified. The shares can be exercised in accordance with the
requirements for receiving Award Shares are: specified exercised windows.
PT Bank Pembangunan Daerah Jawa Timur Tbk
480 Annual Report 2023
Page 483
CORPORATE
GOVERNANCE
The exercise price of Option Rights will be determined • Members of Board of Directors who served at the time of
based on Item V.2.2 of the Regulation of Registration No. I-A, issuance of Option Rights
Attachment of the Decree of Board of Directors of Jakarta Stock • Structural Officers, including Division Heads, Main Branch
Exchange No. Kep-305/BEJ/07- 2004 dated July 19, 2004, Managers, Sub-Division Heads, Branch Managers, and
which is at least 90% of the average closing price of the Bank’s Department Heads at Main Branch.
share trading on the Indonesian Stock Exchange, before the • Participants entitled to participate in the MESOP
date of the Bank’s notification to the Indonesia Stock Exchange program are permanent employees registered as MESOP
concerning the opening of the Exercise Window Period for participants in accordance with the provisions of the Fifth
Option Rights in the MESOP Program. Dictum paragraph (1) Decree No: 057/251/DIR/CSE/
KEP regarding Procedures for Implementing the MESOP
Participants of the MESOP Program are as follow: Program. This decision with the same position and/or level
• Board of Commissioners, excluding Independent as well as above that, until the time of implementation of
Commissioners the MESOP program.
• Sharia Supervisory Board • Participants not entitled to participate in the MESOP
program are employees who resign, dishonorably
dismissed, or pass away.
The Option Rights in the MESOP Program will be issued in 3 Phases, namely:
Table of MESOP Program Option Rights
Phase I Phase II Phase III
Up to 30% of the number of Option Rights that Up to 30% of the number of Option Rights that Up to 40% of the number of Option Rights that
can be issued in the MESOP Program can be issued in the MESOP Program can be issued in the MESOP Program
Implementation Price or Implementation Price Determination
Bank Jatim has carried out the Management and Employee 4. Means of complaints provided by the Bank in the form of:
Stock Option Plans (MESOP) program since 2016 and ends • Come in person and write to the Bank Jatim Internal
in 2020 with an offering price of IDR450, IDR409 and IDR599. Audit Division (Jln. Basuki Rahmat No.98 - 104
The number of shares issued for IDR409 was 3,163,900, and surabaya).
shares with a price of IDR599 were 9,963,600 shares. So that • Website via https://wbs.bankjatim.co.id/
the total paid-up capital on December 31, 2020, amounted • Text/Whatsapp Phone to 081330003040
to IDR3,753,874,520,500 or a value of 15,015,498,082 shares. 5. Fraud complaint criteria refer to the provisions and
In 2022, Bank Jatim will not carry out the Management applicable laws.
and Employee Stock Option Plans (MESOP) program, so
there will be no distribution of shares to either the Board of Protection of Whistleblowers
Commissioners, Directors, or executive officers.
As a form of the Bank’s commitment to implementing antifraud
Whistleblowing System strategies and mechanisms for complaints of violations and
guaranteeing protection for reporters in good faith, the Bank
Submission and Media of Violation Reports is obliged to:
1. Banks are required to protect whistleblowers.
The policy and scope of complaints are regulated as follows, 2. The protection provided by the Bank against whistleblowers
among others: is intended to encourage the courage of whistleblowers to
1. Source of whistleblowing reporting with identity report fraud complaints in a clear, detailed and transparent
2. The Bank’s management emphasizes the effectiveness of manner.
implementing a fraud control system on the disclosure of 3. Whistleblower protection includes protection of
complaints. whistleblower identity and report content.
3. Management of the Bank has a strong commitment to 4. The Bank is committed to protecting whistleblowers in
provide support and protection to each fraud reporter and good faith and the Bank will comply with all relevant laws
to guarantee the confidentiality of the identity and report and regulations as well as best practices that apply in
of fraud submitted. managing whistleblowers.
5. All reports of fraud complaints will be guaranteed
confidentiality and security by the Bank and whistleblowers
can obtain information about the progress of their
complaints.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 481
Page 484
6. The Bank provides protection to internal Bank employee 4. Carrying out examination on the weaknesses of the system
whistleblowers from the following: procedure, the weakness of the technology system or
- Dismissal. others.
- Demotion. 5. Calculating the estimated loss (financial loss) that occurs
- Discriminatory acts. from the fraud.
- Intimidation.
- Other protections in accordance with the prevailing Employees involved in fraud cases are subject to sanctions
laws and regulations. according to the prevailing Reward & Punishment Guidelines
of Bank Jatim, including written warnings, demotions to
Complaint Management termination of employment depending on the type of violation
that has been committed and the loss suffered.
The process of investigating and collecting evidence related to
events that are reasonably suspected of acts constituting fraud Bank Jatim will continue to strive to increase the understanding
consisting of several stages including: and concern of employees and other parties to report violations
1. Reviewing information entered through the whistleblower through whistleblowing facilities so that they are expected to
or from the results of the examination of the Bank’s internal be able to create a clean and integrity work environment. In this
audit team and collecting evidence of both physical regard, the following steps have been taken:
evidence, information on the scene (other information) and 1. Undertake Anti-Fraud Strategy program, including surprise
summons of witnesses related to the type of irregularities audit (Operational & Credit).
that occurred and people who were indicated to have 2. Conducting socialization related to the implementation of
committed a crime (fraud). anti-fraud strategy and whistleblowing system at the exit
2. Conducting an examination by verifying the evidence meeting results of the audit and employees including new
and information and the truth can be trusted and if the employees.
verification and information cannot be trusted then the 3. Disseminating materials related to the implementation of
evidence is made as a document/archive and the process is antifraud and whistleblowing strategies in the education
terminated. schedule of employee promotion programs.
3. If the perpetrators and witnesses are not cooperative 4. Developing the Anti-Fraud Strategy system.
(collaboration) confrontation will take place.
PT Bank Pembangunan Daerah Jawa Timur Tbk
482 Annual Report 2023
Page 485
CORPORATE
GOVERNANCE
Flowchart Penerapan Strategi Anti Fraud
Start
Whistlebower Suprise Audit Surveillance Audit General Audit
Operational and Financial Audit Sub Division
WITNESS Initial Indications INITIAL EVIDENCE
(Deep Indication)
Extracting Information from Initial Witnesses
Testing (Validation) of Initial Physical Evidence
(Reporters)
Cross-Examination of Additional Witnesses Expansion and Testing of Additional Evidence
No Investigation
FRAUD
Enough Proof Discontinued
Ya VALID EVIDENCE
Initial Fraud Report Bank Indonesia
Special Audit
Special & Assistance Sub Division
(Special Audit Process)
Confrontation of the Parties Involved Verification of Material Losses
Confrontation of the Main Actor Modus Operandi Reconstruction
President Director
Special Audit Report
Board of Commissioners
Operational Sub Division and
Semester Report on
Bank Indonesia
Implementation of S.A.F
Financial Auditing
(Reporting)
Monitoring, Evaluation & Follow-up Relevant part
Finished
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 483
Page 486
Types of Violations that can be Reported Sanctions/Follow Up on Complaints In 2023
There were 2 types of violations, namely violations of discipline Complaints that have been successfully processed and proven
and disciplinary violations related to violations of rules that are then subject to sanctions according to the provisions
were processed through the Human Capital Division and their outlined in Bank Jatim’s reward and punishment policy.
actions in the form of Coaching, Mentoring and Counseling
related to disciplinary violations, types of violations that could
Completed Complaints Sanctions/
later be processed and deepened by the Internal Audit Division. Total
Processed in 2023 Follow Up
Management of Violation Reports Proven 1 1
Not Proven - -
The complaint database from the whistleblower was under
the authority and responsibility of the Internal Audit Division
and for complaint information was the responsibility of the Anti Corruption Program
Operational & Financial Audit Sub Division.
Programs and Procedures in Overcoming
Socialization of Whistleblowing System Corruption, Kickbacks, Fraud, Bribery and/or
Gratification Practices
Socialization of the Whistleblowing System is carried out
simultaneously with socialization related to the implementation Prevention of Corruption Practices
of anti-fraud strategies and at the exit meeting of audit results
and employees including new employees. Bank Jatim has implemented several policies related to
Corruption Prevention, including the Implementation of Anti-
Number of Complaints and Its Follow Up Fraud Strategies, Work and Business Ethical Behavior (Code of
Conduct), Conflict of Interest Guidelines, Corporate Culture,
In 2023, there were 777 reports through the whistleblower Gratuity Policy, Employee Discipline Regulations, Market
system. Out of these 777 reports, 776 of them did not undergo Code of Ethics Guidelines, and Guidelines for Maintaining the
further resolution, because: Confidentiality of Data and Information.
1. The report is not related to fraud or does not meet the
criteria for fraud Actions taken by Bank Jatim to address issues of corrupt
2. The report falls under the category of customer service practices, particularly in Conflict of Interest, are regulated,
complaints. including the following
3. The report falls under the category of operational questions 1. All parties, both employees and leaders, must obey the
about the bank. code of ethics
2. Maintaining the confidentiality of company information
There was one report through the whistleblower system that 3. A prohibition for all levels of the Company from providing
was followed up together with the Human Capital Division or promising gratuities, both directly and indirectly, which
and is currently marked as ‘Completed.’ Here is the table of are considered bribery to government officials or state
the number of complaints through the whistleblower system administrators if such provision is related to their position
in 2023: and conflicts with their obligations or duties
4. A prohibition on receiving or requesting gratuities,
considered as bribery, directly or indirectly, from any
Number of
No Description party to influence the policies/decisions/treatments of
Complaints
Bank officials and employees according to their positions,
1 Number of Complaints in2023 777 authorities, and responsibilities.
5. The obligation to reject gratuities considered as bribery,
2 Number of Complaints Processed 1
whether received directly or indirectly.
3 Number of Complaints That Have Been
1
Completely Processed
4 Number of Unfinished Complaints
-
Processed
PT Bank Pembangunan Daerah Jawa Timur Tbk
484 Annual Report 2023
Page 487
CORPORATE
GOVERNANCE
Implementation of Anti-Fraud Strategy The implementation of the four pillars takes into account the
following:
In order to prevent cases of operational irregularities at the 1. Bank’s internal and external environmental conditions
Bank, especially fraud that could harm customers or banks 2. Complexity of business activities
and the issuance of Financial Services Authority Regulation 3. Potential, types and risks of fraud
No. 39/POJK.03/2019, dated December 19, 2019, concerning 4. Adequacy of the required resources
implementing an Anti-fraud Strategy for Commercial Banks, it
is necessary to increase the effectiveness of internal control to The successful implementation of the overall antifraud strategy
minimize fraud risk including implementing an antifraud strategy. depends very much on the commitment and enthusiasm of
The organizational system responsible for implementing the the Board of Commissioners and Directors to foster a culture
anti-fraud strategy at Bank Jatim is the Internal Audit Divisi. and anti-fraud concern at all levels of the Bank’s organization.
One of them is by making a written commitment called the
The fraud control system has been implemented following AntiFraud Declaration signed by the Board of Commissioners,
the anti-fraud strategy guidelines following the Decree of the Directors and all employees of the Bank’s organization.
Board of Directors number 060/22/DIR/AUI/KEP dated January
28, 2021 concerning the Handbook for Implementing the Anti- Prevention and detection and identification of potential risks
Fraud Strategy of PT Bank Pembangunan Daerah Jawa Timur of vulnerability is an early warning system for the operational
Tbk. Every fraud incident is of particular concern in resolving process. Identification of findings that indicate fraud, is implied
the case. The Bank’s Management requires that all appropriate in the whistleblowing policy and mechanism. Through this
levels within the Bank’s internal environment have concerns for mechanism it is expected to detect early on the occurrence
anti-fraud. The anti-fraud concern is pursued continuously in of a violation and can increase the level of participation of
the form of zero tolerance for fraud. In implementing the Anti- employees, customers and other stakeholders in reporting a
Fraud Strategy in the form of a Fraud control system, it includes violation and be used as an early warning of the possibility of a
4 (four) interrelated pillars, namely Prevention, Detection, violation in the Bank.
Investigation Reporting and Sanctions, Monitoring Evaluation,
and Follow Up. Anti-Bribery Management System
Prevention Bribery is a phenomenon that often occurs within the
banking sector. Bribery has serious implications for the Bank’s
The prevention pillar is part of the fraud control system that performance sustainability. Therefore, Bank Jatim is committed
aims to include steps to reduce the potential risk of fraud, to preventing bribery through the implementation of the ISO
including anti-fraud awareness, identification of vulnerabilities 37001:2016 Anti-Bribery Management System (ABMS).
and Know your employee.
Implementation of the ISO 37001:2016 Anti-Bribery
Detection Management System (ABMS) is carried out by Bank Jatim
through a series of the following steps:
The detection pillar is part of the fraud control system which 1. Establishment of the Anti-Bribery Management System
aims to contain steps to identify and find fraud in the Bank’s Policy signed by all Directors
business activities, including policies and mechanisms for 2. Appointment of a competent work unit to oversee
whistleblowing, surprise audits, surveillance systems. compliance with anti-bribery practices, referred to as the
Anti-Bribery Compliance Function
Reporting Investigations and Sanctions 3. Training on awareness of the ISO 37001:2016 Anti-Bribery
Management System (ABMS) attended by representatives
The Investigation, Reporting and Sanctions Pillar is part of the from the relevant work units
fraud control system which aims to include steps for digging up 4. Establishment of internal regulations related to the Anti-
information (investigation), reporting system, and imposition of Bribery Management System
sanctions for fraud in the Bank’s business activities. 5. Implementation of anti-bribery and gratuity socialization
for Bank vendors
Monitoring Evaluation and Follow-up 6. Sign the Integrity Pledge by the Board of Commissioners,
Board of Directors, and all employees
The Monitoring Evaluation and Follow-up Pillar is part of the 7. Implementation of Stage 1 and Stage 2 audits by the
fraud control system which aims to include steps to monitor Certification Body
and evaluate fraud as well as follow-up mechanisms for frauds
that occur.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 485
Page 488
Due to the steps taken, Bank Jatim obtained the ISO 37001:2016 Year, to all administrators and work units.
Anti-Bribery Management System (ABMS) Certificate from the 4. Socialization of gratification to all Branch Managers,
Certification Body on December 18, 2023. With the acquisition Operational Leaders, Sub-Branch Managers, and Branch
of the ISO Anti-Bribery Management System (ABMS) certificate, General Suipervisors.
it is expected that : 5. Socialization with the theme Synergy to Create Clean Bank
1. Raising the awareness among all executives and employees Jatim without Bribery and Gratification, to ± 250 vendors
about the risk of bribery in Bank Jatim business processes of Bank Jatim and Anti-Bribery Compliance Function team
2. Enhancing the trust of stakeholders and shareholders in (FKAP) through zoom meeting.
Bank Jatim services. 6. Providing briefing material to new employees.
3. Improving Bank Jatim business performance 7. Participation in the Gratification Control Unit (UPG) 2023,
Performance realization Webinar organized by the Corruption
Gratification Policy Eradication Commission through zoom meeting.
8. Participation in the Socialization of Guidelines for
In order to create an anti-corruption culture and provide a Monitoring and Evaluation of the 2023 Gratification
reference for the implementation of gratificiation control and Control Program organized by the Corruption Eradication
reportin, Bank Jatim establishes a gratification policy through: Commission through zoom meeting.
1. Decree of the Board of Directors Number 062/03/41/DIR/ 9. Participation in E-learning to improve understanding of
KPT/KEP dated July 21, 2023 concerning Standard Operating gratification with 49 participants.
Procedure (SOP) Gratification Control and Reporting. 10. Dissemination commemorating World Anti-Corruption Day
2. Circular Letter Number 062/04/25/KPT/SE dated April 4, 2023 (Hakordia) through Bank Jatim Instagram and Videotron.
concerning Technical Guidelines for Gratification Reporting. 11. Identifying risks/vulnerable points of gratification that
could potentially occur in Bank Jatim banking activities.
The policy regulates the types of gratification objects that must 12. Conducting risk mitigation on the results of the
be reported, the types of gratification objects that are not identification of risks/vulnerable points of gratification that
required to be reported (excluded), the rights and protection of could potentially occur in Bank Jatim banking activities.
the reporter, as well as the gratification reporting mechanism. 13. Implementation of Gratification Control Innovation, in forms of:
a. Executive Summit of the Board of Commissioners
GRATIFICATION CONTROL MANAGEMENT and Directors of Bank Jatim, with the theme of GCG
as the Key to Healthy and Successful Company and
As an effort in controlling gratification, Bank Jatim implements presenting speakers from external parties.
several programs that refer to the provisions and procedures b. Implementation of SNI (Indonesian National Standard)
set by the Corruption Eradicatio Commission (KPK) including: ISO 37001 certification of Anti-Bribery Management
1. Gratification Dissemination System (SMAP)
2. Risk Identification / Vulnerable Points of Gratification and c. Signing the Integrity Pact by the Board of
Risk Mitigation Commissioners, Directors and all employees.
3. Gratification Control Innovation d. Preparation of internal provisions to gratification.
4. Overcoming Gratification Reporting 14. Periodic monitoring of the acceptance and/or rejection of
gratification that occur in all work units through appeals to
As for a number of steps taken by Bank Jatim to implement the all work units to submit reports on the acceptance and/or
gratification control program include: gratifications.
1. Installation of active directory wallpaper “Love Your 15. Submission to the Corruption Eradication Commission
Profession for Sincere Dedication Without Gratification”. (KPK) of reports on the acceptance and/or rejection of
2. Submission of Appeal for the Prohibition of Giving Gratification gratification submitted by all work units.
at the Moment of the New Year 2023 and Eid al-Fitr 1444 H 16. The implementation of the Gratification Control Program
published on the Instagram account of Bank Jatim. (PPG) is reported every semester to the Corruption
3. Submission of Appeal for the Prohibition of Gratification Eradication Commission (KPK) via www.gol.kpk.go.id.
and the Precautionary Principle in Entering the Political
Socialization of Gratification Policy
Bank Jatim organizes gratification socialization to internal and external parties held on:
Theme Participants Schedule Socialization
Media
Synergy to Create Clean Bank All Branch Managers, Operational Leaders, Sub-Branch June 7, 14, 16, 21, 23, 2023 Offline
Jatim without Bribery and Managers, and General Branch Supervisors
Gratification
Approximately 250 Bank Jatim vendors and Anti-Bribery August 24, 2023 Zoom Meeting
Compliance Function (FKAP) team
PT Bank Pembangunan Daerah Jawa Timur Tbk
486 Annual Report 2023
Page 489
CORPORATE
GOVERNANCE
Gratification Report in 2023
During 2023, there was 1 (one) report of receiving gratification and has received a determination from the Corruption Eradication
Commission (KPK) as a gratification that are not required to be reported.
Anti-Corruption Training/Socialization to Employees
Theme Implementation Time Number of
participants
Legal Law of Banking, Anti Money Laundering and Combating The Financing of Terrorism, Anti Friday, January 6, 2023
33
Gratification
Legal Law of Banking, Anti Money Laundering and Combating The Financing of Terrorism, Anti Gratification Saturday, January 7, 2023 40
Legal Law of Banking, Anti Money Laundering and Combating The Financing of Terrorism, Anti Sunday, January 8 ,2023
25
Gratification
Legal Law of Banking, Anti Money Laundering and Combating The Financing of Terrorism, Anti Thursday, January 12, 2023
32
Gratification
Legal Law of Banking, Anti Money Laundering and Combating The Financing of Terrorism, Anti Sunday, January 15 ,2023
6
Gratifi-Cation
Legal Law of Banking, Anti Money Laundering and Combating The Financing of Terrorism, Gratifica- Saturday, August 26,2023
33
Tion & Obedient Culture
Legal Law of Banking, Anti Money Laundering and Combating The Financing of Terrorism, Gratifica- Sunday, September 10,2023
33
Tion & Obedient Culture
Legal Law of Banking, Anti Money Laundering and Combating The Financing of Terrorism, Gratifica- Thursday, September 21,
32
Tion & Obedient Culture 2023
Legal Law of Banking, Anti Money Laundering and Combating The Financing of Terrorism, Gratifica- Wednesday, October 4,
31
Tion & Obedient Culture 2023
Management of State Official Wealth Reports
Bank Jatim has implemented Reporting on State Official Wealth d. Announcement of Mandatory Report of the State
Reports (LHKPN) since 2018 based on Directors Decree No. Officials Wealth Reports (LHKPN)
057/401/DIR/KPT/KEP dated December 31, 2018 concerning e. Power of Attorney
BPP LHKPN within PT Bank Jatim Tbk. As these provisions 3. Administrations and Sanctions
have been revoked and regulated in Decree of the Board of a. Administrations
Directors No. 060/03/47/DIR/KPT/KEP dated November 25, b. Sanctions
2021 concerning SOP for State Assets Report (LHKPN). Decree
of the Board of Directors No. 060/03/47/DIR/KPT/KEP dated Mandatory Report of The State Assets Report
November 25, 2021 concerning the SOP for State Officials (LHKPN)
Wealth Reports (LHKPN) regulates the following:
1. Organization In accordance with the Corruption Eradication Commission
a. Cooperation between the Corruption Eradication Regulation No. 07 of 2016 concerning Procedures for Registration,
Commission (KPK) and the Bank Announcement and Examination of State Organizer’s Assets, as
b. Management Unit of the State Officials Wealth Reports updated in the Corruption Eradication Commission Regulation No.
(LHKPN) 2 of 2020 that State Organizers are required to submit the State
c. Mandatory Report of the State Officials Wealth Reports Officials Wealth Reports (LHKPN) to the Corruption Eradication
(LHKPN) Commission. Therefore, those categorized as Mandatory Reports
2. Implementation Procedures within the Bank in accordance with Law No. 28 of 1999 are as
a. Registration follows:
b. Reporting Process 1. Board of Commissioners
c. Improvement Mechanism of the State Officials Wealth 2. Sharia Supervisory Board
Reports (LHKPN) 3. Board of Directors
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 487
Page 490
4. SEVP 4. Fasilitate PN/WL of LHKPN who experience technical
5. Division Leaders problems when using the e- LHKPN application;
6. Branch Managers 5. Obtain information from the Corruption Eradication
Commission on LHKPN who have not submitted LHKPN
Management Unit The State Officials Wealth and/or make improvements to LHKPN that have been
Reports (LHKPN) verified by the Corruption Eradication Commission;
6. Monitoring the level of compliance of PN/WL in
In accordance with the Decree of the Board of Directors No. implementing LHKPN reporting to the Corruption
059/258/DIR/KPT/KEP dated September 22, 2020 concerning Eradication Commission;
the Appointment of Agnecy Admins and Work Unit Admins 7. Have the independence to issue warning letters or
for E-LHKPN Application Management within Bank Jatim as administrative sanctions for PN/WL that do not sumbit
follows: LHKPN according to the predetermined time limit.
1. Agency Admin
Managed by the Compliance Work Unit with organs: 2. Work Unit Admin
1. The Supervisor is the Head of Compliance and Managed by the work unit authorized to handle human
Governance Division; capital with organs:
2. The person in charge is the Head of Compliance Sub- 1. The supervisor is the Head of Human Capital Division;
Division; 2. The person in charge is the Operational Sub Division
3. The executor is the Governance and Business Ethics Leader;
Group. 3. The executor is the Recruitment Data Group,
Assessment Center and Personnel Data.
Has duties and authorities which include:
1. Coordinating with KPK regarding regulatory changes Has duties and authorities including:
and e-LHKPN application management within the Manage the e- LHKPN application (e-registration menu)
Bank; within the Bank’s work unit through the e- LHKPN
2. Conducting socialization to PN/WL on external application involving:
provisions and internal provisions regarding LHKPN; 1. Updating PN/WL of LHKPN staffing data that has
3. Managing the LHKPN e-registration application within changed data within the Bank in the e- LHKPN
the Bank through the e-LHKPN application including: application (e-registration menu);
a. Registering and activating PN/WL data that must 2. Coordinate with the agency admin for data changes
report LHKPN using the e- LHKPN application within the Bank.
(e-registration menu);
b. Updating PN/WL of LHKPN employment data that LHKPN reporting until the end of the 2023 period, as many as 63
has changed data in the Bank environment in the (sixty three) people and has been submitted to the Corruption
e- LHKPN application (e-registration menu); Eradication Commission in terms of LHKPN management with
c. Verifying the updating of PN/WL of LHKPN data the category of activeness in submitting reports in a timely
carried out by the Work Unit Admin; manner over a period of 4 (four) years. As for the special LHKPN
reporting early served period 2023 as many as 16 (sixteen)
people and has been submitted to the Corruption Eradication
Commission in September and October 2023.
Total Internal Frauds and Remedies
Number of frauds committed (Internal)
Members of the Board of
Internal Fraud in Commissioners and Members Permanent Employees Non-Permanent Employees
1 Year of the Directors
Previous Year Current Year Previous Year Current Year Previous Year Current Year
(2022) (2023) (2022) (2023) (2022) (2023)
Total Fraud - 15 12 3 1
Resolved - 15 12 3 1
In the Settlement - - -
Process in the Bank's -
Internal
PT Bank Pembangunan Daerah Jawa Timur Tbk
488 Annual Report 2023
Page 491
CORPORATE
GOVERNANCE
Number of frauds committed (Internal)
Members of the Board of
Internal Fraud in Commissioners and Members Permanent Employees Non-Permanent Employees
1 Year of the Directors
Previous Year Current Year Previous Year Current Year Previous Year Current Year
(2022) (2023) (2022) (2023) (2022) (2023)
Not Resolved Yet - - -
Has Been Followed Up - 5 1
- -
Through Legal Process
Provision of Funding for Social and/or An activity is considered to give rise to a conflict of interest if:
Political Activities 1. Transactions for the provision of funds and procurement
of goods/services occur between the Company and
A description related to corporate social responsibility is Related Parties including the Board of Directors, Board of
submitted in the 2023 Sustainability Report. As for providing Commissioners, Executive Officers, Decision-making Officers
funds for political activities, during 2023, Bank Jatim will not 2. There are officers/employees of the Company who have
provide funds for political activities or to political parties. a first degree family relationship who are in 1 (one) line of
management
Provision of Funds to Related Parties and 3. Transactions with other affiliated parties
Provision of Large Funds
Transactions and activities that have the potential to give rise to
Descriptions regarding Provision of Funds to Related Parties conflicts of interest include:
and Provision of Large Funds are presented in the Management 1. Credit transactions are categorized as containing a conflict
Analysis and Discussion Chapter in this Annual Report. of interest if the Bank/deciding official is the same party or
has a family, ownership, management, financial or interest
Bank Strategic Plan relationship with the credit recipient.
2. Fund and service transactions are categorized as containing
A description of the Bank’s Strategic Plan is presented in the a conflict of interest if the Bank/deciding official is the same
Management Discussion and Analysis Chapter in this Annual party or has a family, ownership, management, financial or
Report. interest relationship with the deposit customer or user of
the Bank’s services so that the customer in question is given
Share Buyback and Bond Buyback special conditions that are different from the treatment of
customers in general.
During 2023, the Company will not carry out share buybacks 3. Goods and services transactions are categorized as
and bond buybacks. containing a conflict of interest if the Bank or the deciding
official is the same party or has a family, ownership,
Transactions Containing Conflicts of management, financial or interest relationship with the
Interest provider of the goods/services so that the determination
of the appointment or winner has potentially unreasonable
The forms of conflict of interests include: conditions causing detrimental effect to the bank or reduce
1. Gratification the bank’s profits.
2. Misappropriation of Assets 4. Management of human resources which has the potential
3. Misuse of confidential/important information for a conflict of interest if in a bank there are several people
4. Position Traps who have family relationships up to the second degree and
5. Granting special access that violates the procedure are at the same bank.
6. Unprofessional supervision 5. What is included in the category of prohibited conflicts
7. Subjective and not independent assessment of interest is the practice of giving and/or receiving gifts,
8. Decision on licensing, allocation/budget, investment bribes and the like which are reasonably suspected to be
9. Determination of partners (procurement) detrimental to the Company’s interests, contrary to sound
10. Recruitment, hiring, performance appraisal business ethics and/or contrary to applicable law.
11. Use of information
12. Commercialization of public services
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 489
Page 492
In an effort to avoid conflicts of interest, all parties, both Prevention of Insider Trading
employees and company leaders, must comply with the
code of ethics. If employees and company leaders become The provisions governing Insider Trading actions have been
aware of practices that lead to a conflict of interest, they must regulated in the Corporate Secretary Investor Management
immediately report it to their superiors. SOP Chapter II, presented as follows:
The main elements that must be fulfilled in managing conflicts TRADING INSIDER CRITERIA
of interest of the company, employees and company leaders
are as follows: This practice occurs when parties outside the bank buy or
1. Comply with and comply with applicable laws and sell bank securities based on information from insiders that is
regulations, including company culture. not published. This work procedure prohibits insider actions
2. Avoid activities that could cause a conflict of interest. that encourage/influence other people or provide inside
3. Store and maintain the confidentiality of company information to other parties.
information and information with parties who have business a. Insider Trading Criteria
relationships with the company. Compliance with the 1. Bank insider, namely:
company’s code of conduct is very important to maintain a. Commissioner, Director or Bank Employee;
and advance the company’s reputation. b. The main shareholder of the Bank;
c. Individuals who because of their position or
Conflict of Interest Disclosure profession or because of their business relationship
1. If there is a conflict of interest, officials and/or employees with the issuer or public company enable that
who have a conflict of interest do not use their rights/ person to obtain information; or
authority in making decisions and are required to disclose d. A party who within the last 6 (six) months is no
the said conflict of interest. longer a party as referred to in letters a, b, c above.
2. If there is a conflict of interest in the field of credit and/or 2. Have inside information, where the information or
operations at a branch office, officials and/or employees material facts are not yet available to the public.
who have a conflict of interest do not use their rights/ Insiders are prohibited:
authority in making decisions. 1. Influencing other parties to buy or sell the securities
3. If a conflict of interest occurs in an employee/officer in question;
according to their respective fields, the employee/official 2. Providing inside information to any party who
does not use his authority in making decisions and then the reasonably suspects may use the information in
decision-making process is handed over to his superiors in question to purchase or sell securities.
stages. All of the two elements mentioned above must be met
4. If a decision still has to be taken, the official or employee in order to be subject to insider trading.
involved in the decision-making process must prioritize the b. Sanctions for Insider Trading
economic interests of the Bank from losses that may arise • Article 102 Law No. 8 of 1995
or the possibility of reducing the Bank’s profits. Imposing administrative sanctions in the form of:
5. Required to disclose the condition of the conflict of interest - Written Warning;
which is attached to the Minutes of Meeting along with - Fines, namely the obligation to pay a certain
documentation containing considerations for making the amount of money;
decision. - Restrictions on business activities;
- Suspension of business;
During 2023, there was no transactions containing conflicts of - Revocation of business permits;
interest. - Cancellation of consent; And
- Cancellation of registration.
Internal Disputes • Article 104 of Law No.8 of 1995
Any party who violates the provisions as intended in
During 2023 there were no internal disputes caused by the Article 90, Article 91, Article 92, Article 93, Article 95,
remuneration policy. Article 96, Article 97 paragraph (1), and Article 98 is
threatened with imprisonment for a maximum of 10
(ten) years and a fine of up to IDR 15,000,000,000
(fifteen billion rupiah).
PT Bank Pembangunan Daerah Jawa Timur Tbk
490 Annual Report 2023
Page 493
CORPORATE
GOVERNANCE
During 2023, Bank Jatim will not have Insider Trading 3. Corporate Governance Information such as:
a. Vision and mission of the Bank
Transparency of Financial and Nonfinancial b. Composition and Profile of the Board of Commissioners
Conditions and Board of Directors
c. Guidelines and Rules of Committee
Bank Jatim has fulfilled its obligation to Bank Indonesia to d. Corporate Governance Practices
conduct transparency of financial and non-financial conditions 4. Information on Bank’s Products and Services such as e-forms
in accordance with applicable regulations, publication of of credit along with a wide spread of Office Networks
information submission through print media and the Bank’s making it easier for customers, investors to access such
website as follows: information.
1. Monthly and Quarterly Financial Statements that have 5. Information that aims to educate customers such as
been submitted and published to the Regulator and on the banking services, banking mediation, customer complaints
Bank’s website. mechanisms, banking security tips and magazines/bulletins
2. Annual Reports that have been submitted and published to for Bank Jatim which can be downloaded via the Company’s
the Regulator and on the Bank’s website. website.
Implementation of Sustainable Finance, Including Implementation of Social and
Environmental Responsibility
An explanation of the implementation of sustainable finance, including the implementation of social and environmental responsibility,
has been explained in the 2023 Bank Jatim Sustainability Report.
Implementation of Public Company
Governance Guidelines
No Aspect; Principle; Recommendation Comply or Explain
A. ASPECT 1: PUBLIC COMPANY RELATIONS WITH SHAREHOLDERS IN
GUARANTEEING SHAREHOLDERS’ RIGHTS
A.1. PRINCIPLE 1: INCREASING THE VALUE OF HOLDING A GENERAL MEETING
OF SHAREHOLDERS (GMS).
A.1.1. Recommendation 1 : Comply
Public companies have voting methods or technical procedures both open and
closed that promote independence and the interests of shareholders. Bank Jatim has procedures for the General
Meeting of Shareholders (GMS) which are
Explanation : regulated in the Company’s Articles of
Every share with voting rights issued has one voting right (one share one vote). Association Deed number 15 dated May
Shareholders can use their voting rights when making decisions, especially when 09, 2023
making decisions by voting. However, the decision-making mechanism by way
of open and closed voting has not been regulated in detai.
Each shareholder is only given 1 (one) vote,
Public companies are recommended to have a voting procedure in making representing the entire number of shares
decisions on a GMS agenda. The voting procedure must maintain the he owns. Vote counting will be carried out
independence or freedom of shareholders. For example, in open voting, using a “raise hand and hand over voting
voting is carried out by raising hands in accordance with the choice instructions rights” mechanism.
offered by the chairman of the GMS. Meanwhile, closed voting is carried out for
decisions that require secrecy or at the request of shareholders, by using a ballot
card or by using electronic voting.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 491
Page 494
No Aspect; Principle; Recommendation Comply or Explain
A.1.2. Recommendation 2 : Comply
All members of the Board of Directors and members of the Public Company’s
Board of Commissioners attend the Annual GMS. At the 2022 Fiscal Year GMS, all members
of the Board of Directors and Board of
Explanation : Commissioners were present.
The purpose of the presence of all members of the Board of Directors and
members of the Board of Commissioners of the Public Company is that each
member of the Board of Directors and Board of Commissioners can observe,
explain, and answer directly the problems that occur or questions raised by
shareholders regarding the agenda at the GMS.
A.1.3. Recommendation 3 : Comply
The summary of the minutes of the GMS is available on the Public Company
Website for at least 1 (one) year. The minutes of the AGMS and EGMS in
Indonesian and English are available on
Explanation : the Website and can be downloaded until
Based on the provisions in Article 34 paragraph (2) of the Financial Services the 2022 fiscal year.
Authority Regulation Number 32/POJK.04/2014 concerning the Plan and
Implementation of a Public Company General Meeting of Shareholders, the
Public Company is required to make a summary of the minutes of the GMS in
Indonesian and foreign languages (at least in in English), as well as announced 2
(two) working days after the GMS is held to the public, one of which is through
the Public Company Website. Availability of the summary of the minutes of the
GMS on the Public Company Website provides an opportunity for shareholders
who are not present to obtain important information in holding the GMS
easily and quickly. Therefore, the provision regarding the minimum period for
the availability of the summary of the minutes of the GMS on the Website is
intended to provide sufficient time for shareholders to obtain such information.
A.2. PRINCIPLE 2 : IMPROVING THE QUALITY OF PUBLIC COMPANY
COMMUNICATION WITH SHAREHOLDERS OR INVESTORS.
A.2.1. Recommendation 4 : Comply
Public companies have a communication policy with shareholders or investors.
Bank Jatim has a Communication Policy
Explanation : with shareholders or investors as stipulated
The existence of communication between a Public Company and shareholders in the Directors Decree number 062/03/40/
or investors is intended so that shareholders or investors get a clearer DIR/CSE/KEP regarding SOP Investor
understanding of information that has been published to the public, such as Management.
periodic reports, information disclosure, business conditions or prospects and
performance, as well as the implementation of corporate governance Open.
Besides that, shareholders or investors can also submit input and opinions to the
management of the Public Company
.
The communication policy with shareholders or investors shows the Public
Company’s commitment to communicating with shareholders or investors.
The policy may include strategies, programs and timing of communications, as
well as guidelines that support shareholders or investors to participate in these
communications.
A.2.2. Recommendation 5 : Comply
Public Companies disclose their communication policies with shareholders or
investors on the Website. The Communication Policy with Investors
as described in recommendation 4 can
Explanation : be accessed by the public through the
Disclosure of communication policy is a form of transparency of the Public Bank Jatim website at the following link:
Company’s commitment to provide equality to all shareholders or investors https://www.bankjatim.co.id/id/tatakelola-
in the implementation of communication. Disclosure of this information also company/kebijakan
aims to increase the participation and role of shareholders or investors in the
implementation of public company communication programs.
PT Bank Pembangunan Daerah Jawa Timur Tbk
492 Annual Report 2023
Page 495
CORPORATE
GOVERNANCE
No Aspect; Principle; Recommendation Comply or Explain
B. ASPECT 2: FUNCTIONS AND ROLES OF THE BOARD OF COMMISSIONERS
B.1. PRINCIPLE 3: STRENGTHENING THE MEMBERSHIP AND COMPOSITION OF
THE BOARD OF COMMISSIONERS.
B.1.1. Recommendation 6: Comply
Determining the number of members of the Board of Commissioners takes into
account the condition of the Public Company. Determination the Board of
Commissioners members of Bank Jatim
Explanation: has taken into the conditions of the Public
The number of members of the Board of Commissioners can affect the Company including the number of assets,
effectiveness of carrying out the duties of the Board of Commissioners. achievement of company performance,
Determination of the number of members of the Public Company Board vision mission, goals and strategic
of Commissioners must refer to the provisions of the applicable laws and directions, and also the provisions of the
regulations, which consists of at least 2 people based on the provisions of the Financial Services Authority Regulation
Financial Services Authority Regulation Number 33/POJK.04/2014 concerning Number 33/POJK.04/2014 concerning
Directors and Board of Commissioners of Issuers or Public Companies. In Directors and Board of Commissioners of
addition, it is also necessary to consider the condition of the Public Company Public Companies. This number has also
which includes among other things the characteristics, capacity and size, as been adjusted to the number of Board
well as the achievement of goals and the fulfillment of different business needs of Directors members, as well as the
among Public Companies. However, the number of members of the Board of effectiveness of the implementation of
Commissioners that is too large has the potential to disrupt the effectiveness of the Board of Commissioners’ supervisory
the implementation of the Board of Commissioners’ functions. function.
B.1.2. Recommendation 7: Comply
Determining the composition of members of the Board of Commissioners takes
into account the diversity of skills, knowledge and experience required. Referring to Deed Number 22 dated
February 20, 2018 regarding the Minutes
Explanation: of the Annual Shareholders Meeting (GMS)
The composition of the Board of Commissioners is a combination of for the 2017 Fiscal Year, “The Remuneration
characteristics both in terms of the organs of the Board of Commissioners and and Nomination Committee has screened
individual members of the Board of Commissioners, in accordance with the Bank Jatim internal candidates, as
needs of the Public Company. These characteristics can be reflected in the well as from external parties using the
determination of the expertise, knowledge and experience needed in carrying following criteria assessment: integrity,
out supervisory and advisory duties by the Board of Commissioners of the Public competence , understanding of banking
Company. The composition that has taken into account the needs of the Public and macroeconomics, understanding of
Company is a positive thing, especially regarding decision making in the context the East Java economic condition, internal
of implementing the supervisory function which is carried out by considering a and external banking provisions.
wider variety of aspects.
B.2. PRINCIPLE 4: IMPROVING THE QUALITY OF IMPLEMENTATION OF DUTIES
AND RESPONSIBILITIES OF THE BOARD OF COMMISSIONERS.
B.2.1. Recommendation 8: Comply
The Board of Commissioners has a self-assessment policy to assess the
performance of the Board of Commissioners. The Board of Commissioners has
a self-assessment policy to assess
Explanation: the performance of the Board of
The Board of Commissioners’ self-assessment policy is a guideline used as a Commissioners which is regulated in the
form of accountability for assessing the collegial performance of the Board Board of Commissioners Decree Number
of Commissioners. The intended self-assessment or self-assessment is carried 059/009/DK/KEP dated December 22,
out by each member to assess the collegial performance of the Board of 2020 concerning Amendments to the
Commissioners, and not to assess the individual performance of each member Board of Commissioners Decree Number
of the Board of Commissioners. With this self-assessment, it is hoped that 059/005/DK/KEP dated April 29, 2020
each member of the Board of Commissioners can contribute to improving the concerning the Working Paper for the
performance of the Board of Commissioners on an ongoing basis. Performance Assessment of the Board of
Commissioners of PT Bank Pembangunan
In this policy, it can include assessment activities carried out along with their aims Daerah Jawa Timur Tbk
and objectives, time for implementation on a regular basis, and benchmarks
or assessment criteria used in accordance with the recommendations given by
the nomination and remuneration function of the Public Company, where this
function is required in the Authority Regulation. Financial Services Number 34/
POJK.04/2014 concerning the Nomination and Remuneration Committee of
Issuers or Public Companies.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 493
Page 496
No Aspect; Principle; Recommendation Comply or Explain
B.2.2. Recommendation 9: Comply
Self-assessment policy to assess the performance of the Board of Commissioners,
disclosed through the Public Company Annual Report. The Guidelines for the Performance
Assessment of the Board of Commissioners
Explanation: of PT Bank Pembangunan Daerah Jawa
Disclosure of the self-assessment policy on the performance of the Board of Timur Tbk are disclosed in the Annual
Commissioners is carried out not only to fulfill the aspect of transparency as a Report.
form of accountability for the implementation of their duties, but also to provide
confidence especially to shareholders or investors regarding the efforts that
need to be made to improve the performance of the Board of Commissioners.
With this disclosure, shareholders or investors know the check and balance
mechanism on the performance of the Board of Commissioners.
B.2.3. Recommendation 10: Explain
The Board of Commissioners has a policy regarding the resignation of members
of the Board of Commissioners if they are involved in financial crimes. The resignation policy for the Board
of Commissioners only if the person
Explanation: concerned is a state official who is a
The policy of resigning members of the Board of Commissioners who are member of the Board of Commissioners,
involved in financial crimes is a policy that can increase stakeholder confidence then the person concerned is required to
in a Public Company, so that the integrity of the company will be maintained. resign from his position in government,
This policy is needed to help smooth the legal process and so that the legal who is involved in financial crimes is
process does not interfere with the course of business activities. In addition, in a policy that can increase stakeholder
terms of morality, this policy builds an ethical culture within the Public Company. confidence in a Public Company.
These policies can be included in the Guidelines or Code of Ethics that apply to
the Board of Commissioners.
Furthermore, what is meant by being involved in a financial crime is the
existence of a convict status against a member of the Board of Commissioners
from the competent authority. Financial crimes referred to include manipulation
and various forms of embezzlement in financial service activities as well as
Money Laundering Crimes as referred to in Law Number 8 of 2010 concerning
Prevention and Eradication of Money Laundering Crimes.
B.2.4. Recommendation 11: Comply
The Board of Commissioners or Committees that carry out the Nomination and
Remuneration functions develop a succession policy in the Nomination process The succession policy in the nomination
for members of the Board of Directors. process for members of the Board
of Directors is regulated in the
Explanation : Board of Commissioners Committee
Based on the provisions of the Financial Services Authority Regulation Number Implementation Guidelines number
34/POJK.04/2014 concerning the Nomination and Remuneration Committee 058/002/DK/KEP dated April 23, 2019
of Issuers or Public Companies, the committee that carries out the nomination and its amendments in accordance with
function has the duty to develop the policies and criteria needed in the the Decree of the Board of Commissioners
nomination process for candidates for members of the Board of Directors. One Number 060/02/DK/KEP dated January
of the policies that can support the Nomination process as intended is the 15, 2021.
succession policy for members of the Board of Directors. The policy regarding
succession aims to maintain the continuity of the process of regeneration or
regeneration of leadership in the company in order to maintain business
continuity and the company’s long-term goals.
PT Bank Pembangunan Daerah Jawa Timur Tbk
494 Annual Report 2023
Page 497
CORPORATE
GOVERNANCE
No Aspect; Principle; Recommendation Comply or Explain
C. ASPECT 3: FUNCTIONS AND ROLES OF THE BOARD OF DIRECTORS
C.1. PRINCIPLE 5: STRENGTHENING THE MEMBERSHIP AND COMPOSITION OF
THE BOARD OF DIRECTORS.
C.1.1. Recommendation 12: Comply
Determining the number of members of the Board of Directors takes into
account the condition of the Public Company and effectiveness in decision The determination of the members of the
making. Board of Directors, totaling 7 (seven) Directors
with the current composition of 5 (five) people,
Explanation: has taken into account the condition of the
As a company organ that is authorized to manage the company, the determination Public Company, including the number of
of the number of Directors greatly influences the performance of the Public assets, company performance achievements,
Company. Thus, the determination of the number of members of the Board of etc. as well as the provisions of Financial
Directors must be carried out through careful consideration and must refer to Services Authority Regulation Number 33/
the provisions of the applicable laws and regulations, which are based on the POJK.04/ 2014 concerning Directors and
Financial Services Authority Regulation Number 33/ POJK.04/2014 concerning Board of Commissioners of Issuers or Public
the Directors and Board of Commissioners of Issuers or Public Companies at Companies. This number has also been
least consists of 2 (two) people. Besides that, the determination of the number adjusted to reflect the 6 (six) members of
of Directors must be based on the need to achieve the goals and objectives the Bank’s Board of Commissioners with the
of the Public Company and adjusted to the conditions of the Public Company current composition of 3 (three) people and
which includes the characteristics, capacity and size of the Public Company and the effectiveness of decision making carried
how the Board of Directors’ decision-making effectiveness is achieved. out by the Board of Directors.
C.1.2. Recommendation 13: Comply
Determining the composition of members of the Board of Directors takes into
account the diversity of expertise, knowledge and experience required. The determination of the composition
Board of Directors meber has taken into
Explanation: account the diversity of skills, knowledge
Like the Board of Commissioners, the diversity in the composition of the and experience required. Board of
members of the Board of Directors is a combination of desired characteristics Directors member who are appointed at
both in terms of the organs of the Board of Directors and individual members of the GMS have met the requirements set
the Board of Directors, in accordance with the needs of a Public Company. The out, including the general requirements
combination is determined by taking into account the appropriate expertise, and special requirements as stipulated in
knowledge and experience in the division of duties and functions of the Board the Articles of Association and Standard
of Directors in achieving the goals of the Public Company. Thus, consideration of Operating Procedure (SOP) for the
the combination of characteristics referred to will have an impact on the accuracy Selection and/or Replacement of the Board
of the nomination process and collegial appointment of individual members of of Commissioners and Board of Directors
the Board of Directors or the Board of Directors. member. Board of Directors members have
also obtained approval from the Financial
Services Authority regarding the results of
the fit and proper test as stipulated based
on the Decree of Members of the Board
of Commissioners of the Financial Services
Authority.
C.1.3. Recommendation 14: Comply
Members of the Board of Directors in charge of accounting or finance have expertise
and/or knowledge in accounting. Finance Director Profile
Explanation: Name:
The Financial Report is a management accountability report on the management Edi Masrianto (2022-present)
of resources owned by a Public Company, which must be prepared and presented Education:
in accordance with generally accepted Financial Accounting Standards in Indonesia - Bachelor of Management Economics,
as well as related OJK regulations, including laws and regulations in the Capital Jember University, 1989
Market sector which regulates the presentation and disclosure of Public Company - Master of Agribusiness Management,
Financial Statements. Pursuant to laws and regulations in the Capital Markets sector Gajah Mada University, 2004
governing the responsibilities of the Board of Directors for Financial Statements, the
Board of Directors is jointly and severally responsible for the Financial Statements, Members of the Board of Directors in
which are signed by the President Director and members of the Board of Directors charge of accounting or finance have
in charge of accounting or finance. expertise and/or knowledge in accounting.
Thus, the disclosure and preparation of financial information presented in the The Board of Directors has submitted
financial statements will depend heavily on the expertise and/or knowledge of financial reports at the Annual GMS and
the Board of Directors, particularly members of the Board of Directors in charge obtained approval from the GMS.
of accounting or finance. The qualifications of expertise and/or knowledge in
accounting that at least belong to the said members of the Board of Directors
can provide confidence in the preparation of the Financial Statements, so that
the Financial Statements can be relied on by stakeholders as a basis for making
economic decisions regarding the Public Company in question. Such expertise and/
or knowledge can be proven by educational background, training certification, and/
or related work experience.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 495
Page 498
No Aspect; Principle; Recommendation Comply or Explain
C.2. PRINCIPLE 6: IMPROVING THE QUALITY OF THE IMPLEMENTATION OF THE
BOARD OF DIRECTORS’ DUTIES AND RESPONSIBILITIES.
C.2.1. Recommendation 15: Comply
The Board of Directors has a self-assessment policy to assess the performance
of the Board of Directors. The Board of Directors has a self-
assessment policy to assess the
Explanation: performance of the Board of Directors as
Like the Board of Commissioners, the Board of Directors’ self-assessment regulated in the Directors’ Decree number
policy is a guideline used as a form of accountability for evaluating the 059/128/DIR/PRS/KEP dated May 11, 2020
performance of the Board of Directors collegially. The intended selfassessment concerning Key Performance Indicators
or self-assessment is carried out by each member of the Board of Directors to (KPI) for the Board of Directors of PT Bank
assess the collegial performance of the Board of Directors, and not to assess Pembangunan Daerah Jawa Timur Tbk.
the individual performance of each member of the Board of Directors. With
this self-assessment, it is hoped that each member of the Board of Directors
can contribute to improving the performance of the Board of Directors on an
ongoing basis.
This policy may include assessment activities carried out along with their
aims and objectives, the time of implementation on a regular basis, and the
benchmarks or assessment criteria used in accordance with the recommendations
given by the nomination and remuneration function of the Public Company,
where the formation of this function is required in the Authority Regulation.
Financial Services Number 34/POJK.04/2014 concerning the Nomination and
Remuneration Committee of Issuers or Public Companies.
C.2.2. Recommendation 16: Comply
The self-assessment policy to assess the performance of the Board of Directors
is disclosed in the Public Company’s annual report. Performance Assessment of the Board
of Directors of PT Bank Pembangunan
Explanation: Daerah Jawa Timur Tbk. disclosed in the
Disclosure of the self-assessment policy on the performance of the Board of Annual Report.
Directors is carried out not only to fulfill the transparency aspect as a form
of accountability for carrying out their duties, but also to provide important
information for improvement efforts in the management of the Public Company.
This information is very useful in giving confidence to shareholders or investors
that there is certainty that the management of the company will continue to be
carried out in a better direction. With this disclosure, shareholders or investors
know the check and balance mechanism on the performance of the Board of
Directors.
C.2.3. Recommendation 17: Explain
The Board of Directors has a policy regarding the resignation of members of the The resignation policy for Board of
Board of Directors if they are involved in financial crimes. Directors members is regulated in the
Articles of Association and Work Guidelines
Explanation: for the Board of Directors. The Articles of
The policy of resigning members of the Board of Directors who are involved in Association and Work Guidelines for the
financial crimes is a policy that can increase stakeholder confidence in a Public Board of Directors also stipulate provisions
Company, so that the integrity of the company will be maintained. This policy is related to the termination of the positions
needed to help smooth the legal process and so that the legal process does not of members of the Board of Directors and
interfere with the course of business activities. In addition, in terms of morality, dismissal of members of the Board of
this policy will build an ethical culture within the Public Company. These policies Directors.
can be included in the Guidelines or Code of Ethics that apply to the Board of
Directors. The Ethical Culture Policy has been
regulated in the Board of Directors Decree
Furthermore, what is meant by being involved in a financial crime is the Number 060/019/ DIR/PRS/KEP dated
existence of a convict status against a member of the Board of Directors from January 26, 2021 concerning Guidelines
the competent authority. Financial crimes include manipulation and various for the Implementation of Behavior,
forms of embezzlement in financial service activities as well as money laundering Work Ethics and Business of PT Bank
as referred to in Law Number 8 of 2010 concerning Prevention and Eradication Pembangunan Daerah Jawa Timur Tbk.
of Money Laundering Crimes.
PT Bank Pembangunan Daerah Jawa Timur Tbk
496 Annual Report 2023
Page 499
CORPORATE
GOVERNANCE
No Aspect; Principle; Recommendation Comply or Explain
D. ASPECT 4: STAKEHOLDER PARTICIPATION
D.1. PRINCIPLE 7: IMPROVING CORPORATE GOVERNANCE ASPECTS THROUGH
STAKEHOLDER PARTICIPATION.
D.1.1. Recommendation 18: Comply
Public Company has a policy to prevent insider trading.
Bank Jatim has a policy to prevent insider
Explanation: trading which is regulated in Directors’
A person who has inside information is prohibited from engaging in a Securities Decree Number 057/008/DIR/KEP/TRE
transaction using inside information as referred to in the Law on Capital Markets. dated January 11, 2018 concerning Market
Public companies can minimize the occurrence of insider trading through Code of Ethics for Treasury Activities.
prevention policies, for example by strictly separating confidential data and/
or information from public ones, and dividing the tasks and responsibilities for
managing the said information proportionally and efficiently.
D.1.2. Recommendation 19: Comply
Public Companies have anti-corruption and anti-fraud policies.
Bank Jatim has several policies related
Explanation: to Corruption Prevention, including the
The anti-corruption policy is useful to ensure that the Public Company’s business Implementation of Anti-Fraud Strategies,
activities are carried out legally, prudently, and in accordance with the principles Work and Business Ethical Behavior (Code
of good governance. The policy can be part of the code of ethics, or in a separate of Conduct), Conflict of Interest Guidelines,
form. This policy may include, among other things, programs and procedures Corporate Culture, Gratification Policy,
carried out in dealing with corruption practices, kickbacks, fraud, bribery and/ Employee Discipline Regulations, Market
or gratuities in a public company. The scope of the policy must describe the Code of Ethics Guidelines, and Obligations
prevention of the Public Company from all corrupt practices, whether giving or Guidelines. Maintain Confidentiality of
receiving from other parties. Data and Information.
D.1.3. Recommendation 20: Comply
Public Company has a policy regarding the selection and capacity building of
suppliers or vendors. Bank Jatim has a policy regarding the
procurement of goods and services which
Explanation: is regulated in the Decree of the Directors
Policies regarding supplier or vendor selection are useful for ensuring that a number 060/03/34/DIR/ UMM/KEP dated
Public Company obtains the goods or services it needs at competitive prices October 04, 2021 concerning SOP for
and good quality. Meanwhile, supplier or vendor capacity building policies are Procurement of Goods or Services.
useful for ensuring that the supply chain runs efficiently and effectively. The
ability of suppliers or vendors to supply/fulfill the goods or services required by
the company will affect the quality of the company’s output.
Thus, the implementation of these policies can guarantee the continuity of
supply, both in terms of quantity and quality required by the Public Company.
The scope of this policy includes criteria for selecting suppliers or vendors,
transparent procurement mechanisms, efforts to increase the capacity of
suppliers or vendors, and fulfillment of rights related to suppliers or vendors.
The Company has a policy regarding the procurement of goods and services
which contains the selection and capacity building of suppliers or vendors as
stipulated in the Procurement Guidelines standard.
D.1.4. Recommendation 21: Explain
Public companies have a policy on fulfilling creditors’ rights.
Bank Jatim explains the creditor’s rights in
Explanation: the Credit Agreement (PK), including;
The policy on fulfilling creditors’ rights is used as a guide in making loans to 1. The bank ensures that the creditor
creditors. The purpose of the intended policy is to maintain the fulfillment of receives the principal and interest on the
rights and maintain creditors’ trust in the Public Company. The policy includes loan according to the agreed schedule;
considerations in entering into agreements, as well as follow-up in fulfilling the 2. The bank ensures that the creditor
obligations of the Public Company to creditors. receives the loan usage report;
3. The bank ensures that creditors receive
fines for payments that exceed the
agreed schedule;
4. The Bank ensures that principal and
interest payments on loans are not
subject to penalties if the payment
schedule falls on a holiday and is paid
on the next working day;
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 497
Page 500
No Aspect; Principle; Recommendation Comply or Explain
D.1.5. Recommendation 22: Comply
Public companies have a whistleblowing system policy.
The Public Company has a whistleblowing
Explanation: system policy which is clearly stated in
A well-developed whistleblowing system policy will provide certainty of the Directors’ Decree Number 060/22/
protection for witnesses or reporters of an indication of violations committed DIR/AUI/KEP dated January 28, 2021
by employees or management of the Public Company. The implementation of concerning Implementation Guidelines
these system policies will have an impact on the formation of a culture of good for the Implementation of PT’s Anti-Fraud
corporate governance. The whistleblowing system policy includes, among other Strategy. East Java Regional Development
things, types of violations that can be reported through the whistleblowing Bank Tbk
system, methods of complaint, protection and guarantee of confidentiality of
reporters, handling of complaints, parties managing complaints, and the results
of complaints handling and follow-up.
D.1.6. Recommendation 23: Comply
Public companies have a policy of providing long-term incentives to Directors
and employees. Public Companies have a policy of
providing long-term incentives to Directors
Explanation: and employees which is clearly expressed
Long-term incentives are incentives based on achieving long-term performance. in Board of Commissioners Decree No.
The long-term incentive plan has the premise that the company’s long-term 059/003/DK/KEP dated April 27, 2020
performance is reflected by the growth in the value of the company’s shares or concerning Implementation of Governance
other long-term targets. Long-term incentives are useful in order to maintain for Providing Remuneration for the Board
loyalty and provide motivation to the Board of Directors and employees of Commissioners and Directors and
to improve their performance or productivity which will have an impact on Facilities at PT Bank Pembangunan Daerah
increasing the company’s performance in the long term. Jawa Timur Tbk.
The existence of a long-term incentive policy is a real commitment of the Public
Company to encourage the implementation of long-term incentives for Directors
and Employees with conditions, procedures and forms that are adjusted to the
long-term objectives of the Public Company. The intended policy may include,
among other things, the intent and purpose of providing long-term incentives,
the conditions and procedures for granting incentives, and the conditions and
risks that must be considered by the Public Company in granting incentives. This
policy can also be included in the existing Public Company remuneration policy.
E. ASPECT 5: INFORMATION DISCLOSURE
E.1. PRINCIPLE 8: IMPROVING THE IMPLEMENTATION OF INFORMATION
DISCLOSURE.
E.1.1. Recommendation 24: Comply
Public Companies take advantage of the use of information technology more
broadly besides Websites as a medium for information disclosure. The Bank utilizes information technology
more broadly besides the Website as
Explanation: a medium for information disclosure
The use of information technology can be useful as a medium for information which increases the effectiveness of
disclosure. The disclosure of information that is carried out is not only disclosure the dissemination of such information,
of information that has been regulated in laws and regulations, but also other including the following:
information related to Public Companies that are felt to be useful for the • Instagram @Bank Jatim
knowledge of shareholders or investors. By using information technology • Facebook @Bank Jatim
more broadly besides the Website, it is hoped that the company can increase • Twitter @Bank Jatim
the effectiveness of disseminating company information. Even so, the use • Youtube @Bank Jatim
of information technology is carried out while still taking into account the
company’s benefits and costs.
E.1.2. Recommendation 25: Comply
The Public Company Annual Report discloses the ultimate beneficial owner in
the Public Company share ownership of at least 5% (five percent), in addition to The ultimate beneficial owner of the
disclosing the ultimate beneficial owner in the Public Company share ownership shares which amount to at least 5% is
through the main and controlling shareholders. the Controlling Shareholder which is the
Government of East Java Province.
Explanation:
Laws and regulations in the Capital Markets sector governing the submission of
the Public Company’s annual report have regulated the obligation to disclose
information regarding shareholders who own 5% (five percent) or more shares of
the Public Company, as well as the obligation to disclose information regarding
major and controlling shareholders Public Company either directly or indirectly
up to the last beneficiary in the ownership of the shares. In this Governance
Guidelines it is recommended to disclose the ultimate beneficial owner of share
ownership of a Public Company of at least 5% (five percent), in addition to
disclosing the ultimate beneficial owner of share ownership by the main and
controlling shareholders.
PT Bank Pembangunan Daerah Jawa Timur Tbk
498 Annual Report 2023
Page 501
CORPORATE
GOVERNANCE
Governance Principles for Banks
Issued by The Basel Committee In Banking
Supervision
The Governance Guidelines covered 12 principles of corporate governance. Governance Guidelines are best practice standards
that can be used as a reference in the implementation of corporate governance in banking. The description of its application can be
conveyed as follows.
Principle Explanation Implementation at Bank Jatim
Principle 1 The Board of Commissioners has responsibilities The Board of Commissioners has carried out its responsibilities
Responsibilities which include: approval and supervision of the accordingly with the conditions as stipulated in:
of the Board of implementation of business strategy, structure - Decree of the Board of Commissioners Number 060/01/DK/KEP
Commissioners. and governance mechanisms and corporate dated January 15, 2021 concerning Work Guidelines for the Board
culture. of Commissioners
- Decree of the Board of Commissioners Number 059/009/DK/KEP
dated December 22 , 2020 concerning Working Paper for the
Performance Assessment of the Board of Commissioners of PT Bank
Pembangunan Daerah Jawa Timur Tbk.
One of them is the Board of Commissioners providing opinions and
suggestions on the Annual Work Plan and Budget and providing advice
on matters considered important by the Company.
Principle 2 Qualifications Members of the Board of Commissioners The Board of Commissioners of Bank Jatim has fulfilled the qualifications
and Composition of the must have quality in accordance with their and composition in accordance with applicable regulations. This is also
Board of Commissioners duties and responsibilities, both individually regulated in the Bank’s internal provisions SK Board of Commissioners
and collegially. The Board of Commissioners Number 060/01/DK/KEP dated January 15, 2021 concerning Work
must understand its role in supervising and Guidelines for the Board of Commissioners. One of the components
implementing corporate governance, and that has been fulfilled is that the Board of Commissioners of Bank
being able to carry out sound and objective Jatim has no financial relationship, management relationship, share
decision-making. ownership and/or family relationship with other members of the
Board of Commissioners, Directors and/or Controlling Shareholders
or relationship with the Bank, which may affect the ability of those
concerned to act independently as stipulated in the provisions on the
Implementation of Good Corporate Governance for Commercial Banks
and have signed a Statement of Independence.
Principle 3 Structure and The Board of Commissioners must establish The Board of Commissioners has Committees under the Board of
Mechanism of the Board appropriate governance structures and Commissioners that assist the implementation of the duties of the Board
of Commissioners. practices in carrying out their duties and of Commissioners, namely the Audit Committee, the Remuneration
periodically review their effectiveness. and Nomination Committee and the Risk Monitoring Committee. This
has also been accommodated in Bank Jatim internal provisions Decree
of the Board of Commissioners Number 060/01/DK/KEP dated January
15, 2021 concerning Work Guidelines for the Board of Commissioners.
Principle 4 Directors. Under the direction and supervision of The Board of Directors manages the Company under the direction
the Board of Commissioners, the Board of and supervision of the Board of Commissioners as reflected in the
Directors is able to manage the Bank’s activities Governance Structure of Bank Jatim Directors Decree Number
in accordance with the business strategy, risk 058/158/DIR/PRS/KEP date June 17, 2019.
appetite, remuneration policies and other
policies that have been approved by the Board
of Commissioners
Principle 5 Business Within a business group, the Board of The Board of Directors and Board of Commissioners of Bank Jatim
Group Governance Commissioners of the parent company has have knowledge and understanding of the company’s main business
Structure. overall responsibility for the business group and main risks, as evidenced by the passage of the entire Board of
and for ensuring the establishment and Commissioners and Directors from the Fit and Proper Test. The Board
implementation of clean governance practices of Directors and Board of Commissioners also regularly participate
related to the structure, business and risks of in training and development to improve their capabilities. This is
business groups and entities. The Board of regulated in Bank Jatim internal provisions:
Commissioners and Directors must understand - Decree of the Board of Directors Number 060/044/DIR/CSE/KEP
the organizational structure of the business dated February 9, 2021 concerning Work Guidelines for the Board
group and the risks it faces. of Directors.
- Decree of the Board of Commissioners Number 060/01/DK/KEP
dated January 15, 2021 concerning Work Guidelines for the Board
of Commissioners.
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 499
Page 502
Principle Explanation Implementation at Bank Jatim
Principle 6 Risk Banks must have a quality risk management Bank Jatim runs the Process of Identification, Measurement, Monitoring,
Management Function. function, be independent, have quality Risk Control and Risk Management Information Systems. Bank Jatim
resources and have access to the Board of always improves the capabilities and knowledge of all employees,
Commissioners. especially in terms of risk management, by organizing internal training,
socialization which is in line with the internalization of corporate
culture. As well as communicating risk management to the Board of
Commissioners through the Risk Monitoring Committee.
Principle 7 Identification Risks must be identified, monitored and In the management of Bank Jatim Risk Management identification,
of Risk Monitoring and controlled for all activities of the Bank. The measurement and risk assessment have been carried out, compiling
Control. quality of the risk management and internal a risk profile. Risk measurement and assessment is in accordance with
control infrastructure must be able to keep up established policies and adjusts to the level of risk faced by Bank Jatim.
with changes in the Bank’s risk profile, external
risk conditions and industry practices.
Principle 8 Risk Effective implementation of risk governance Submission of risk profiles is submitted quarterly and Bank Soundness
Communication requires accurate risk communication within the Level every semester to the Board of Directors through the Risk
Bank both between organizations and through Management Committee and to the Board of Commissioners through
reporting to the Board of Commissioners and the Risk Monitoring Committee.
Directors.
Principle 9 Compliance. The Board of Commissioners is responsible for The Board of Commissioners ensures the implementation of good
overseeing management related to the Bank’s corporate governance in business activities and corporate governance
compliance risk. The Board of Commissioners policies, including the implementation of compliance.
must establish a compliance function and
provide approval for policies and processes for
identifying, assessing, monitoring and reporting,
and providing advice on compliance risks.
Principle 10 Internal The internal audit function must report Conduct objective testing of evidence in order to provide an
Auditing. independent assurance activities to the Board independent assessment of the adequacy of internal control, risk
of Commissioners and must support the Board management and governance processes within the organization.
of Commissioners and Directors in encouraging Internal Audit is directly responsible to the President Director and
the implementation of an effective governance communicates with the Board of Commissioners through the Audit
process and the long term health of the Bank Committee.
Principle 11 The Bank’s remuneration structure must support The legal basis for Bank Jatim’s remuneration refers to the Decree of
Compensation. the implementation of corporate governance the Board of Commissioners No. 059/003/DK/KEP dated April 27,
and risk management. 2020 concerning the Implementation of Governance for Providing
Remuneration for the Board of Commissioners and Directors and
Facilities at PT Bank Pembangunan Daerah Jawa Timur Tbk.
Principle 12 Disclosure The implementation of governance from the Bank Jatim constantly updates the Company’s website to ensure
and Transparency. Bank must be carried out in a transparent information disclosure for stakeholders such as Annual Reports,
manner to Shareholders, Depositors, other Sustainability Reports and Public Exposes.
relevant Stakeholders and Market Participants.
Good Corporate Governance
Assessment
Assessment Criteria 1. Implementation of Duties and Responsibilities of the Board
of Commissioners
In conducting a self-assessment regarding the implementation 2. Implementation of Duties and Responsibilities of the Board
of Good Governance, Bank Jatim refers to the provisions of of Directors
POJK No. 55/POJK.03/2016, POJK No. 17 of 2023, SEOJK 3. Completeness and Implementation of Committee Duties
No. 13/SEOJK.03/2017 concerning the Implementation of 4. Handling of Conflict of Interest
Governance for Commercial Banks. 5. Implementation of the Bank’s Compliance Function
6. Implementation of the Internal Audit Function
Self-assessment is carried out periodically on at least 11 (eleven) 7. Implementation of the External Audit Function
factors for assessing the implementation of Governance which 8. Implementation of the Risk Management Function,
is carried out in a comprehensive and structured manner which Including the Internal Control System
is integrated into 3 (three) aspects of governance, namely 9. Provision of Funds to Related Parties and Large Debtors
governance structure, governance process and governance (Large Exposure)
outcomes including:
PT Bank Pembangunan Daerah Jawa Timur Tbk
500 Annual Report 2023
Page 503
CORPORATE
GOVERNANCE
10. Transparency of Financial and Non-Financial Conditions, GCG Implementation Reports and Internal Reporting
11. The Bank’s Strategic Plan.
Parties That Carry Out The Assessment
The self-assessment process involves the Board of Commissioners, Directors, Board of Commissioners Committees and work units in
charge to produce a comprehensive and structured assessment of the implementation of Governance at all levels of the organization.
The Score of Assessment
Table of GCG Assessment Results
June 2022 Dec 2022 June 2023
Parameter Weight (%)
Skor x Bobot
Implementation of Duties and Responsibilities of the Board of Commissioners 10 0.2 0.2 0.2
Implementation of Duties and Responsibilities of the Board of Directors 20 0.6 0.6 0.4
Completeness and Implementation of Committee Duties 10 0.3 0.2 0.2
Handling of Conflict of Interest 10 0.3 0.21 0.2
Implementation of the Bank's Compliance Function 5 0.1 0.15 0.15
Implementation of the Internal Audit Function 5 0.15 0.15 0.15
Implementation of the External Audit Function 5 0.1 0.1 0.1
Implementation of the Risk Management Function Including the Internal 7.5 0.19 0.225
0.16
Control System
Provision of funds to related parties and large debtors (Large Exposure) 7.5 0.15 0.225 0.225
Transparency of Financial and Non-Financial Conditions, GCG 15 0.23 0.3
0.2
Implementation Reports and Internal Reporting
Bank Strategic Plan 5 0.15 0.15 0.15
Total Score 2.47 2.51 2.14
Rating 2 3 2
Recommendations and Follow Up 4. Disclosure and Transparency.
5. Responsibilities of Directors and Commissioners.
During 2023, there are no recommendations from the OJK.
Parties That Carry Out The Assessment
ASEAN Corporate Governance The assessment is carried out by the ASEAN Capital Market
Scorecard Forum (ACMF) as a representative in each participating country
to carry out the assessment on a national scale and is appointed
Assessment of the implementation of good corporate by the regulator of each country..
governance (GCG) was also carried out based on the ASEAN
Corporate Governance Scorecard (ACGS) criteria which The Score of Assessment
adopted the principles of Corporate Governance issued by
The Organization for Economic Cooperation and Development Based on the results of the 2021 ACGS Bank Jatim assessment,
(OECD). Bank Jatim received the ASEAN Asset Class award in the
ASEAN Corporate Governance Scorecard (ACGS) ranking by
Assessment Criteria the ASEAN Capital Market Forum (ACMF).
The ACGS assessment criteria include the following 5 (five) Recommendations and Follow Up
aspects:
1. Rights of Shareholders. There are recommendations for improvements related to the
2. Equal Treatment of Shareholders. implementation and disclosure of governance at Bank Jatim.
3. The Role of Stakeholders. These improvement recommendations become the basis for
carrying out continuous improvement
PT Bank Pembangunan Daerah Jawa Timur Tbk
Annual Report 2023 501
Page 504
CORPORATE
SOCIAL
Responsibility
PT Bank Pembangunan Daerah Jawa Timur Tbk
500 2023 Annual Report
Page 505
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 501
Page 506
Bank Jatim implements its social responsibility activities by As a financial services institution, the implementation of
referring to the principle of sustainability. Bank Jatim always corporate social responsibility at Bank Jatim refers to POJK
considers the impact of every decision and its business activities No. 51/POJK.03/2017 concerning the Implementation of
on society and the natural environment through transparent Sustainable Finance for Financial Service Institutions of
and ethical behavior. Issuers and Public Companies and the international standard,
namely ISO 26000. In accordance with the Circular Letter of
Bank Jatim is committed to implementing sustainable principles the Financial Services Authority No. 16 /SEOJK.04/2021
that are able to create economic, social and ecological values Regarding the Form and Contents of the Annual Report of
in the process and at the level of policy and decision making Issuers or Public Companies Information on corporate social
that can drive the Bank’s success while still contributing to the responsibility, especially related to sustainable governance,
achievement of sustainable development goals. Sustainable sustainable economic performance, sustainable environmental
development goals include ensuring the integrity of the performance and sustainable social performance is submitted
environment as well as the safety, capabilities, well-being and in the Sustainability Report which is presented separately from
quality of life of present and future generations. the Annual Report.
PT Bank Pembangunan Daerah Jawa Timur Tbk
502 2023 Annual Report
Page 507
CORPORATE SOCIAL
RESPONSIBILITY
OJK
Index
Criteria Explanation Page Regulations
GENERAL
Annual Report is well printed and bound. The Annual Report is well printed and bound. √ POJK 29
Annual Report must be reproduced in the form √ POJK 29
of printed copies of documents and electronic
copies of documents.
Annual Reports are presented in Indonesian √ POJK 29
and foreign languages
Annual Report must be published on the √ POJK 29
Issuer’s or Public Company’s Website on the
same date as the submission of the Annual
Report to the Financial Services Authority.
PERFORMANCE HIGHLIGHTS
Summary of important financial data contains Information includes, among others:
financial information presented in comparative
form for 3 (three) financial years or since
starting their business if the Issuer or Public
Company has been running its business
activities for less than 3 (three) years.
1. Sales revenue. 22 SEOJK 16
2. Gross profit. 22
3. Operational profit. 22 SEOJK 9
4. Profit before tax. 22
5. Net profit. 22
6. Profit and loss. 22 SEOJK 16
7. Total comprehensive profit (loss). 23 SEOJK 9
8. Total profit (loss) attributable to owners of the parent N/A SEOJK 16
entity and non-controlling interests.
9. Total comprehensive profit (loss). 23 SEOJK 16
10. Total comprehensive profit (loss) attributable to owners of N/A
the parent entity and non-controlling interests.
11. Earnings (loss) per share. 23 SEOJK 9
SEOJK 16
12. Total assets. 20
13. Total liabilities. 21
14. Total equity. 22
15. Third-party funds. 21 SEOJK 9
16. Loans received. 21
17. Ratio of profit (loss) to total assets. 24 SEOJK 16
18. Profit (loss) to equity ratio. 24
19. Profit (loss) to revenue/sales ratio. 24
20. Current ratio. 24
21. Liability to equity ratio. 24
22. Ratio of liabilities to total assets. 24
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 503
Page 508
Criteria Explanation Page Regulations
23. CAR ratio. 24 SEOJK 9
24. Productive assets. 24
25. Non-performing loans (NPL) ratio. 24
26. Ratio of Operating Expenses to Operating Income 24
(BOPO).
27. Cost to Income Ratio(CIR). 24
28. Net Interest Margin (NIM) ratio. 24
29. Percentage of violations and exceedances of the Legal 24
Lending Limit (BMPK).
30. Statutory Reserve Ratio (GWM). 24
31. Net Open Position (NOP) Ratio. 24
32. Information and other financial ratios that are relevant to 24 SEOJK 9
the issuer or public company and the type of industry. SEOJK 16
Stock Information Information on shares for Public Companies at least contains: SEOJK 16
1. Shares that have been issued for each quarter presented in 25-27
comparative form for the last 2 (two) financial years, at least
contain:
a. Number of outstanding shares.
b. Market capitalization is based on the price on the stock
exchange where the shares are listed.
c. The highest, lowest and closing share prices are based
on the price on the stock exchange where the shares are
listed.
d. Volumetrading on the stock exchange where the shares
are listed.
Information in letter b), letter c) and letter d) is only
disclosed if the shares are listed on the stock exchange.
Information is presented in the form of graphs and tables.
2. such as a stock split, reverse stock, stock dividends, bonus 27 SEOJK 16
shares, changes in the nominal value of shares, issuance of
convertible securities, and additions and capital reduction,
share information as referred to in number 1) is added with
an explanation of at least:
a. The date of implementation of the corporate action.
b. Stock split ratios, reverse stock ratios, stock dividends,
bonus shares, number of convertible securities issued,
and changes in share nominal value.
c. The number of outstanding shares before and after the
corporate action.
d. The number of effect conversions implemented (if any).
e. Stock prices before and after corporate actions.
3. In the event of a temporary suspension of share trading 27 SEOJK 16
(suspension) and/or delisting of shares during the financial
year, the reasons for the temporary suspension of share
trading (suspension) and/or delisting of shares (delisting)
shall be explained.
4. In the event that the temporary suspension of share trading 27 SEOJK 16
(suspension) as referred to in number 3) and/or the process
of canceling the listing of shares (delisting) is still ongoing
until the end of the Annual Report period, the actions
taken to resolve the temporary suspension of share trading
(suspension) and/or cancellation are explained. listing of
shares (delisting).
PT Bank Pembangunan Daerah Jawa Timur Tbk
504 2023 Annual Report
Page 509
Criteria Explanation Page Regulations
REPORT OF DIRECTORS AND BOARD OF COMMISSIONERS
Directors Report The Board of Directors’ report contains at least a brief
description of:
1. Performance of Issuers or Public Companies, at least
includes:
a. Issuer’s or Public Company’s strategy and strategic 44 SEOJK 9
policies (including for UUS if the Bank owns UUS). SEOJK 16
b. The role of the Board of Directors in formulating the 44 SEOJK 16
strategy and strategic policies of the Issuer or Public
Company.
c. The process carried out by the Board of Directors to 44
ensure the implementation of the Issuer’s or Public
Company’s strategy.
d. Comparison between the results achieved and those 44-45 SEOJK 9
targeted by the Issuer or Public Company. SEOJK 16
e. Obstacles faced by Issuers or Public Companies. 45
f. Organizational structure. 38 SEOJK 9
g. Main activity. 37
h. Information Technology. 38
i. Types of products and services offered, including lending 37-39
to debtors of micro, small and medium enterprises.
j. Interest rates for raising and providing funds. 39-43
k. Economic development and target market. 39
l. Networks and business partners at home and/or abroad. 38
m. Number, type and location of offices. 38
n. Ownership of the Board of Directors, Board of N/A
Commissioners and shareholders in the Bank’s business
group.
o. Important changes that occurred in the Bank and the N/A
Bank’s business group in the year concerned.
p. Important things that are expected to happen in the 45-46
future.
q. Human resources include the number, level of education, 38
training, and development of human resources.
2. An overview of the business prospects of the Issuer or 45-46 SEOJK 9
Public Company. SEOJK 16
3. Implementation of Issuer or Public Company governance. 46-49
Report of the Board of The Board of Commissioners’ report contains at least a brief
Commissioners description of:
1. Assessment of the Board of Directors’ performance 53-56 SEOJK 16
regarding the management of Issuers or Public Companies, SEOJK 9
including oversight by the Board of Commissioners in the
formulation and implementation of the Issuer’s or Public
Company’s strategy carried out by the Board of Directors.
2. Views on the business prospects of Issuers or Public 56-57
Companies compiled by the Board of Directors.
3. Views on the implementation of governance of the Issuer 57-60
or Public Company.
4. Changes in the composition of the Board of Commissioners 62 SEOJK 9
(if any) and reasons for the changes.
5. Frequency and method of providing advice to members of 53
the Board of Directors.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 505
Page 510
Criteria Explanation Page Regulations
Statement Letter from Members of the Board Statement Letter from Members of the Board of Directors 63-64 SEOJK 16
of Directors and Members of the Board of and Members of the Board of Commissioners regarding POJK 29
Commissioners Responsibility for the Annual Report. Statement letter from
members of the Board of Directors and members of the
Board of Commissioners regarding responsibility for the
Annual Report is prepared in accordance with the format of
Statement Letter from Members of the Board of Directors
and Members of the Board of Commissioners regarding
Responsibility for the Annual Report.
COMPANY PROFILE
Company name and full address Access to Issuers or Public Companies including branch 68 SEOJK 9
offices or representative offices that enable the public to SEOJK 16
obtain information about Issuers or Public Companies,
including:
1. Address
2. Phone number
3. Email address
4. Website address
Name and address of subsidiary and/or branch Contains information including:
office or representative office (if any)
1. Name and address of the subsidiary, including: 69-70 SEOJK 9
a. Address SEOJK 16
b. Phone number
c. E-mail address
d. Website address
1. Name and address of the branch/representative office,
including:
a. Address
b. Phone number
c. Email address
a. Website address
Notes: if the company does not have subsidiaries, branch
offices, and representative offices, so that it is disclosed.
Brief history of Issuer or Public Company Include among others: date/year of establishment, name, 72-73 SEOJK 9
change of company name (if any), and effective date of SEOJK 16
change of company name.
Notes: if the company has never changed its name, please
disclose it.
Vision, Mission and Corporate Culture Includes: SEOJK 9
SEOJK 16
1. Company Vision 74
2. Company Mission 74
3. Statement that the vision and mission have been reviewed 76-78
and approved by the Board of Directors/Board of
Commissioners in the financial year.
Business activities Description of, among others: SEOJK 9
SEOJK 16
1. The company’s business activities according to the latest 79
articles of association.
2. Business Activities Undertaken. 80
3. Products and/or services produced. 80-92
Operational Area Issuer’s or Public Company’s operational area. The operational 94-97 SEOJK 16
area is the area or area where operational activities are carried
out or the scope of the company’s operational activities.
Organizational structure The organizational structure of the Issuer or Public Company 98-99 SEOJK 9
in the form of a chart, at least up to 1 (one) level below the SEOJK 16
Board of Directors including committees under the Board
of Directors (if any) and committees under the Board of
Commissioners, accompanied by names and positions.
PT Bank Pembangunan Daerah Jawa Timur Tbk
506 2023 Annual Report
Page 511
Criteria Explanation Page Regulations
Association Membership List of industry association memberships both on a national 97 SEOJK 16
and international scale related to the implementation of
sustainable finance.
Board of Directors Profile Profile of the Board of Directors, at least contains: 100-108 SEOJK 9
SEOJK 16
1. Name and position in accordance with the duties and
responsibilities.
2. Latest photos.
3. Age.
4. Citizenship.
5. Educational history and/or certification.
6. Position history, including information on:
a. The legal basis for appointment as a member of the
Board of Directors of the Issuer or Public Company
concerned
b. Concurrent positions, both as members of the Board
of Directors, members of the Board of Commissioners,
and/or committee members as well as other positions
both inside and outside the Issuer or Public Company.
In the event that members of the Board of Directors do
not have concurrent positions, then this is disclosed.
c. Work experience and time period both inside and
outside the Issuer or Public Company.
7. of the Board of Commissioners, major shareholders SEOJK 9
and controllers, either directly or indirectly to individual SEOJK 16
owners, including names of affiliated parties. In the POJK 13
event that members of the Board of Directors have no
affiliation, the Issuer or Public Company shall disclose this.
Financial relationships and family relationships of members
of the Board of Directors and members of the Board of
Commissioners with other members of the Board of
Directors, other members of the Board of Commissioners,
and/or controlling shareholders of the Bank.
8. Changes in the composition of members of the Board of SEOJK 16
Directors and reasons for the changes. In the event that
there is no change in the composition of the members of
the Board of Directors, this will be disclosed.
Profile of the Board of Profile of the Board of Commissioners, at least contains: 109-116 SEOJK 9
Commissioners SEOJK 16
1. Name and position.
2. Latest photos.
3. Age.
4. Citizenship.
5. Educational history and/or certification.
6. Position history, including information on:
a. The legal basis for appointment as a member of the
Board of Directors of the Issuer or Public Company
concerned
b. Legal basis for the first appointment as a member of
the Board of Commissioners who is an independent
commissioner of the Issuer or Public Company
concerned.
c. Concurrent positions, both as members of the Board
of Directors, members of the Board of Commissioners,
and/or committee members as well as other positions
both inside and outside the Issuer or Public Company.
In the event that members of the Board of Directors do
not have concurrent positions, then this is disclosed.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 507
Page 512
Criteria Explanation Page Regulations
d. Work experience and time period both inside and
outside the Issuer or Public Company.
7. Affiliation with other members of the Board of Directors, SEOJK 9
members of the Board of Commissioners, major SEOJK 13
shareholders and controllers, either directly or indirectly to SEOJK 16
individual owners, including names of affiliated parties. In POJK 17
the event that members of the Board of Directors have no
affiliation, the Issuer or Public Company shall disclose this.
Financial relationships and family relationships of members
of the Board of Directors and members of the Board of
Commissioners with other members of the Board of
Directors, other members of the Board of Commissioners,
and/or controlling shareholders of the Bank.
8. Statement of independence of the independent SEOJK 16
commissioner in the event that the independent
commissioner has served more than 2 (two) terms.
9. Changes in the composition of members of the Board of
Directors and reasons for the changes. In the event that
there is no change in the composition of the members of
the Board of Directors, this will be disclosed.
Executive officer brief profile Including the composition of executive officers along with 121-140 SEOJK 9
their positions and a summary of Curriculum Vitae.
Number of employees and employee Data on employee competency development that has been 141-142 SEOJK 9
competency development data. carried out in the financial year consisting of parties (position SEOJK 16
levels) who attended training, types of training, and training
objectives as well as equal opportunities for all employees.
Employee competency development costs that have been
incurred in the financial year.
Shareholder composition Names of shareholders and percentage of ownership at the 143-148 SEOJK 9
beginning and end of the financial year, which consists of SEOJK 16
information regarding: POJK 17
1. Shareholders who own 5% (five percent) or more shares of
Issuers or Public Companies.
2. Members of the Board of Directors and members of the
Board of Commissioners who own shares of Issuers or
Public Companies.
In the event that all members of the Board of Directors
and/or all members of the Board of Commissioners do not
own shares, then this matter shall be disclosedthe.
3. shares by members of the Board of Directors and members
of the Board of Commissioners at the beginning and
end of the financial year, including information regarding
shareholders who are registered in the register of
shareholders for the benefit of indirect ownership by
members of the Board of Directors and members of the
Board of Commissioners.
In the event that all members of the Board of Directors
and/or all members of the Board of Commissioners do not
have indirect ownership of the shares of the Issuer or Public
Company, then this matter must be disclosed.
Directors and commissioners who own Shares (Directors
and Board of Commissioners/Supervisory Board must
report to the company regarding their and/or family’s
share ownership in the company concerned and other
companies, including any changes thereto).
4. Group of public shareholders, namely groups of SEOJK 16
shareholders who each own less than 5% (five percent) of
the shares of the Issuer or Public Company.
PT Bank Pembangunan Daerah Jawa Timur Tbk
508 2023 Annual Report
Page 513
Criteria Explanation Page Regulations
1. Number of shareholders and percentage of ownership at SEOJK 16
the end of the financial year based on classification:
a. Ownership of local institutions.
b. Ownership of foreign institutions.
c. Local individual ownership.
d. Foreign individual ownership.
The above information can be presented in tabular form.
Major and controlling shareholder Information regarding major shareholders and controllers of 148 SEOJK 9
Issuers or Public Companies, either directly or indirectly, up SEOJK 16
to individual owners, presented in the form of a schematic
or chart.
List of associate subsidiaries, venture Names of subsidiaries, associated companies, joint venture 148 SEOJK 9
companies companies where the Issuer or Public Company has joint SEOJK 16
control of the entity (if any), along with the percentage of
share ownership, line of business, total assets, and operating
status of subsidiaries, associated companies, joint venture
companies.
For subsidiaries, information regarding the address of the
subsidiary is added.
Information related to the Bank Business Banks that are part of a business group and/or have N/A SEOJK 9
Group Subsidiaries, must add:
The structure of the Bank’s business group which includes:
a. The structure of the Bank’s business group consists of the
Bank, Subsidiaries, sister companies, Parent Entity up to
the ultimate shareholder.
b. Management linkage structure within the Bank’s business
group.
c. Shareholders acting on behalf of other shareholders. The
definition of a shareholder acting on behalf of another
shareholder is an individual shareholder or an entity that
has the common goal of controlling the Bank, based on or
not based on an agreement.
Share listing chronology Chronology of share listing, number of shares, number of 149-150 SEOJK 16
listed shares after each corporate action, nominal value, and
offering price from the
beginning of listing to the end of the financial year as well
as the name of the stock exchange where the Issuer’s or
Public Company’s shares are listed, including stock splits (
stock split), merger of shares (reverse stock), stock dividends,
bonus shares, and changes in the nominal value of shares,
implementation of conversion effects, implementation of
capital additions and reductions (if any).
Information on the listing of other securities Information on the listing of other securities that are not yet 151 SEOJK 16
due in the financial year at least contains the names of the
securities, the type of corporate action that causes a change
in the number of other
securities, year of issue, interest rate/yield, maturity date,
offering value, name of stock exchange where other securities
are listed, and
securities rating (if any).
Information on the use of public accounting Information on the use of public accounting services (AP) 152 SEOJK 16
services (AP) and public accounting firms (KAP) and public accounting firms (KAP) and their networks/
associations/alliance includes:
1. Name and address.
2. Assignment period.
3. Information on audit and/or non-audit services provided.
4. Audit and/or non-audit service fees for each assignment
given during the financial year.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 509
Page 514
Criteria Explanation Page Regulations
5. In the event that the designated AP and KAP and their
network/ association/alliance do not provide non-audit
services, then the information shall be disclosed.
Disclosure of information on the use of AP and KAP services
and their networks/associations/alliances can be presented in
tabular form.
Name and address of supporting institution Names and addresses of capital market supporting institutions 152-153 SEOJK 16
and/or profession. and/or professions other than AP and KAP.
Awards and Certifications. Information includes, among others: 154-160 SEOJK 9
1. Name of award and/or certification (national and
international scale).
2. Year of award and/or certification.
3. Awarding and/or certification bodies.
4. Validity period (for certification).
MANAGEMENT DISCUSSION AND ANALYSIS OF THE COMPANY’S PERFORMANCE
Bank Strategic Plan 1. Long term plan (corporate plan). 171-172 SEOJK 13
2. Medium and short term plans (business plan). POJK 17
Operational review per business segment Operational review per business segment according to the SEOJK 9
type of industry of the Issuer or Public Company, at least SEOJK 16
concerning:
1. Explanation of each business segment. 177-209
2. Performance per business segment, among others:
a. Production, which includes process, capacity, and 178-209
development.
b. Increase/decrease in production capacity. 178-209
c. Sales/business income. 198, 209
d. Profitability. 198, 209
Description of the company’s Comprehensive financial performance which includes a SEOJK 9
financial performance comparison of financial performance in the last 2 (two) SEOJK 16
financial years (in the form of
narratives and tables), an explanation of the causes of the
changes and the impact of these changes, at least concerning:
1. Current assets, non-current assets, and total assets. 211-221
2. Short term liabilities, long term liabilities and total 221-225
liabilities.
3. Funding (investment and giving credit/financing). 218, 214
4. Third party funds and other funding sources. 222
5. Equity. 225-226
6. Income/sales, expenses, profit (loss), other comprehensive 227-233
income, and total comprehensive profit (loss).
7. Cash flow. 233-235
8. Basic credit interest rate. 243 SEOJK 9
Analysis of the quality of earning assets and 242-249 SEOJK 9
relevant financial ratios.
Discussion and analysis of the ability to pay Explanation of: SEOJK 16
debts and the collectability of the company’s
receivables, by presenting the calculation of 1. Ability to pay debts, both short term (liquidity) and long 235-237
the relevant ratio according to the type of term (solvability).
company’s industry. 2. Receivables collectibility level. 237-238
PT Bank Pembangunan Daerah Jawa Timur Tbk
510 2023 Annual Report
Page 515
Criteria Explanation Page Regulations
Discussion on capital structure and Top explanation: SEOJK 16
management policies on capital structure
(capital structure policy). 1. Details of the capital structure (capital structure), which 250-251
consists of interest-based debt/sukuk and equity.
2. Management policies on capital structure (capital structure 250
policies).
3. Basis for selection of management policies. 250
Discussion on material commitments for capital Explanation of: SEOJK 16
goods investment (not funding commitments)
in the last financial year. 1. The name of the party making the bond. 264
2. The purpose of the bond.
3. Source of funds expected to fulfill these ties.
4. The currency to be denominated.
5. The steps the company plans to take to protect against
risks from related foreign currency positions.
Notes: if the company has no ties related to investment in
capital goods in the last financial year to be disclosed.
Discussion on investment in capital goods Explanation of: SEOJK 9
realized in the last financial year. SEOJK 16
1. Types of investment in capital goods. 264
2. The purpose of investing in capital goods. 265
3. Investment value of capital goods issued in the last 264
financial year.
Notes: if there is no realization of investment in capital goods,
so that it is disclosed.
Description of the company’s business The business prospects of Issuers or Public Companies 266-268 SEOJK 16
prospects. are linked to industry conditions, the general economy
and international markets accompanied by quantitative
supporting data from reliable data sources.
Comparative information between targets at Comparison between targets/projections at the beginning SEOJK 16
the beginning of the financial year with the of the financial year with the results achieved (realization),
results achieved (realization), and targets or regarding:
projections to be achieved for the
next year. 1. Sales revenue. 269
2. Profit and loss. 269
3. Capital structure. 270
4. Marketing. 270-271
5. HR Development. 271
6. Other matters deemed important by the Issuer or Public 269
Company.
Targets/projections to be achieved by Issuers or Public
Companies for the next 1 (one) year, regarding:
1. Sales revenue. 272
2. Profit and loss. 272
3. Capital structure. 272
4. Dividend policy. 273
5. Marketing. 273
6. Pengembangan SDM. 273
7. Other matters deemed important by the Issuer or Public 272
Company.
Description of the marketing aspect. Marketing aspects of the Issuer’s or Public Company’s goods 174-177 SEOJK 9
and/or services, at least regarding marketing strategy and SEOJK 16
market share.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 511
Page 516
Criteria Explanation Page Regulations
Description of dividends for the last 2 (two) Description of dividends for the last 2 (two) financial years, SEOJK 16
financial years. at least:
1. The dividend policy, among other things, contains 274
information on the percentage of the amount of dividends
distributed to net income.
2. Cash dividend payment date and/or non-cash dividend 274
distribution date.
3. Amount of dividends per share (cash and/or non-cash). 274
4. The amount of dividends per year paid. 274
Notes: if there is no distribution of dividends, please state
the reasons.
Realization of the use of proceeds from the Contains descriptions of: SEOJK 16
public offering (in the event that the company
is still required to submit a report on the 1. Total proceeds. 275
realization of the use of funds) 2. Fund usage plan. 275
3. Details of use of funds. 275
4. Fund balance. 275
5. The date of approval of the GMS/RUPO for changes in the 275
use of funds (if any).
a. a. In the event that during the financial year, the Issuer
has an obligation to submit a report on the realization
of the use of funds, the cumulative realization of the use
of proceeds from public offerings until the end of the
financial year is disclosed.
b. In the event that there is a change in the use of funds as
stipulated in the Financial Services Authority Regulation
regarding the report on the realization of the use of
funds from a public offering, the Issuer shall explain the
change.
Note: if you do not have information on the realization of the
use of proceeds from a public offering, please disclose it.
Material information (if any), including Contains descriptions of: SEOJK 16
investment, expansion, divestment, business
merger/ consolidation, acquisition, debt/
capital restructuring, material transactions,
affiliated transactions, and conflict of interest
transactions.
a. Date, value, and transaction object. 275-280
b. The name of the party conducting the transaction.
c. Nature of the affiliation relationship (if any).
d. Explanation of the fairness of the transaction.
e. Fulfillment of related provisions.
f. In the event that there is an affiliation relationship, apart
from disclosing the information referred to in number a)
through number f), the Issuer or Public Company also
discloses information:
1) The Board of Directors’ statement that affiliated
transactions have gone through adequate procedures
to ensure that affiliated transactions are carried out in
accordance with generally accepted business practices,
among others, carried out by fulfilling the arm’s length
principle.
PT Bank Pembangunan Daerah Jawa Timur Tbk
512 2023 Annual Report
Page 517
Criteria Explanation Page Regulations
2) The role of the Board of Commissioners and the audit
committee in carrying out adequate procedures to
ensure that affiliated transactions are carried out in
accordance with generally accepted business practices,
among others, is carried out by fulfilling the arm’s length
principle.
g. For affiliate transactions or material transactions which are
business activities carried out in order to generate business
income and are carried out routinely, repeatedly and/or
continuously, an explanation is added that the affiliated
transactions or material transactions are business activities
carried out in order to generate business income and are
carried out routinely, repeatedly, and/or continuously.
In the case of affiliated transactions or material transactions
referred to have been disclosed in the annual financial
statements, information is added regarding references to
disclosure in the said annual financial statements.
h. For disclosure of affiliated transactions and/or conflict SEOJK 16
of interest transactions which are the result of the SEOJK 13
implementation of affiliated transactions and/or conflict
of interest transactions that have been approved
by independent shareholders, information is added
regarding the date of the GMS that approves the affiliated
transactions and/or conflict of interest transactions.
i. In the event that there are no affiliated transactions and/or
conflict of interest transactions, then this is disclosed.
Description of changes to laws and regulations The description contains, among others: SEOJK 16
on companies in the last financial year.
1. The names of the laws and regulations that have changed. 279-280
2. The impact (quantitative and/or qualitative) on the 279-280
company (if significant) or the statement that the impact is
not significant.
Notes: if there is no change in laws and regulations in the last
financial year, so that it is disclosed.
Description of changes in accounting policies The description contains, among others: SEOJK 16
implemented by the company in the last
financial year. 1. Changes in accounting policies. 280-281
2. Reasons for changes in accounting policies. 280
3. Quantitative impact on financial statements. 281
Notes: If there is no change in accounting policy in the last
financial
Information on Risk Exposure and Risk exposure and capital includes annual period risk and 251-264 SEOJK 9
Capital. capital exposure reports as stipulated in part II of the
Publication Report on risk and capital exposure.
GOOD CORPORATE GOVERNANCE
GMS. Information regarding GMS resolutions in the financial year 325-333 SEOJK 16
and 1 (one) year before the financial year includes:
a. a. GMS resolutions in the financial year and 1 (one) year
prior to the financial year realized in the financial year.
b. GMS decisions in the financial year and 1 (one) year prior
to the financial year that have not been realized along with
the reasons for not being realized.
In the event that an Issuer or Public Company uses an
independent party in the implementation of the GMS to carry
out the vote count, it shall be disclosed regarding this matter.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 513
Page 518
Criteria Explanation Page Regulations
Directors. 1. 1. Duties and responsibilities of each member of the 337 SEOJK 13
Board of Directors. Information regarding the duties and SEOJK 16
responsibilities of each member of the Board of Directors POJK 17
is described and can be presented in tabular form.
2. Statement that the Board of Directors has a guideline or 336 SEOJK 16
charter (charter) of the Board of Directors.
3. Policy and implementation of the frequency of meetings of 338-342 SEOJK 16
the Board of Directors, meetings of the Board of Directors
with the of Commissioners, and the level of attendance
of members of the Board of Directors at these meetings
including attendance at the GMS. Information on the level
of attendance of members of the Board of Directors at
meetings of the Board of Directors, meetings of the Board
of Directors with the Board of Commissioners or GMS can
be presented in tabular form.
4. Training and/or competency improvement for members of 343-344 SEOJK 16
the Board of Directors:
a. Policy on training and/or competency improvement
for members of the Board of Directors, including an
orientation program for newly appointed members of
the Board of Directors (if any).
b. Training and/or competency improvement attended by
members of the Board of Directors in the financial year
(if any).
5. The Board of Directors’ assessment of the performance 346-347 SEOJK 16
of the committees that support the implementation of
the duties of the Board of Directors in the financial year
contains at least:
a. Performance appraisal procedures.
b. The criteria used include performance achievements
during the financial year, competence and attendance
at meetings.
In the event that the Issuer or Public Company does not
have a committee that supports the implementation of the
duties of the Board of Directors, this will be disclosed.
6. members of the Board of Commissioners who reach 5% 390 SEOJK 13
(five percent) or more of paid-up capital, which includes POJK 17
the type and number of shares in:
a. The bank in question...
b. other banks.
c. Non-bank financial institutions.
d. Other companies domiciled both inside and outside the
country.
Board of Commissioners. 1. Duties and responsibilities of the Board of Commissioners. 348-349 SEOJK 13
SEOJK 16
POJK 17
2. Statement that the Board of Commissioners has guidelines 351 SEOJK 16
or charter of the Board of Commissioners.
3. Policy and implementation of the frequency of meetings 355-363 SEOJK 13
of the Board of Commissioners, meetings of the Board of SEOJK 16
Commissioners with the Board of Directors and the level
of attendance of members of the Board of Commissioners
at these meetings including attendance at the GMS.
Information on the level of attendance of members of
the Board of Commissioners at meetings of the Board
of Commissioners, meetings between the Board of
Commissioners and the Board of Directors, or GMS can be
presented in tabular form.
4. Training and/or competency improvement for members of 363-365 SEOJK 16
the Board of Commissioners:
PT Bank Pembangunan Daerah Jawa Timur Tbk
514 2023 Annual Report
Page 519
Criteria Explanation Page Regulations
a. Policy on training and/or competency improvement for
members of the Board of Commissioners, including an
orientation program for newly appointed members of
the Board of Commissioners (if any).
b. Training and/or competency improvement attended by
members of the Board of Commissioners in the financial
year (if any).
5. Assessment of the performance of the Board of Directors 366-376 SEOJK 16
and the Board of Commissioners as well as each member
of the Board of Directors and members of the Board of
Commissioners, contains at least:
a. Procedure for implementing performance appraisal.
b. The criteria used include performance achievements
during the financial year, competence and attendance
at meetings.
c. The party making the assessment.
6. The Board of Commissioners’ assessment of the 376-382 SEOJK 16
performance of the Committees that support the
implementation of the duties of the Board of Commissioners
in the financial year includes:
a. Performance appraisal procedures.
b. The criteria used include performance achievements
during the financial year, competence and attendance
at meetings.
Nomination and remuneration of the Board of Least load:
Directors and Board of
Commissioners. 1. Nomination procedures, including a brief description 386 SEOJK 16
of the policies and nomination process for members of
the Board of Directors and/or members of the Board of
Commissioners.
2. Procedures and implementation of remuneration for the 386-388 SEOJK 16
Board of Directors and Board of Commissioners, including:
a. Procedure for determining remuneration for the Board
of Directors and Board of Commissioners.
b. Disclosure of indicators for determining the
remuneration of the Board of Directors.
c. The remuneration structure for the Board of Directors
and the Board of Commissioners such as salaries,
allowances, bonuses/ bonuses and others; And
Notes: if there are no performance bonuses, non
performance bonuses and stock options received by
each member of the Board of Commissioners and Board
of Directors, to be disclosed.
d. The amount of remuneration for each member of the Board
of Directors and members of the Board of Commissioners;
Disclosure of information can be presented in tabular form.
Sharia supervisory board, for Issuers or Public Least load: 382-386 SEOJK 16
Companies that carry out business activities
based on sharia principles as stated in the a. Name.
articles of association. b. The legal basis for the appointment of the Sharia
Supervisory Board.
c. The assignment period of the Sharia Supervisory Board.
d. Duties and responsibilities of the Sharia Supervisory Board.
e. Frequency and method of providing advice and suggestions
as well as monitoring compliance with sharia principles in
the capital market to Issuers or Public Companies.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 515
Page 520
Criteria Explanation Page Regulations
Audit Committee. 1. Name and title in the membership of the committee. 394-396 SEOJK 16
POJK 17
2. Age.
3. Citizenship.
4. Educational background.
5. Position history, including information on:
a. Legal basis for appointment as committee member.
b. Concurrent positions, both as members of the Board
of Commissioners, members of the board of directors,
and/or committee members and other positions (if
any).
c. Work experience and time period both inside and
outside the issuer or public company.
6. Period and tenure of audit committee members.
7. Description of duties and responsibilities. 393-394
8. Audit committee independence statement. 397
9. Training and/or competency improvement that has been 399
attended in the financial year (if any).
10. Policy and implementation of the frequency of audit 397-398 SEOJK 13
committee meetings and the level of attendance of audit SEOJK 16
committee members at these meetings. POJK 17
11. Implementation of audit committee activities in the 399-401
financial year according to what is stated in the audit
committee guidelines or charter.
Issuer or Public Company nomination and Least load:
remuneration committee or function.
1. Name and title in the membership of the committee. 403-404 SEOJK 16
POJK 17
2. Age.
3. Citizenship.
4. Educational background.
5. Position history, including information on:
a. Legal basis for appointment as committee member.
b. Concurrent positions, both as members of the Board
of Commissioners, members of the board of directors,
and/or committee members and other positions (if any).
c. Work experience and time period both inside and
outside the issuer or public company.
6. Period and tenure of committee members.
7. Committee independence statement. 405
8. Training and/or competency improvement that has been 406-407
attended in the financial year (if any).
9. Description of duties and responsibilities. 401-402
10. Statement that already has a guideline or charter. 401
11. Policy and implementation of the frequency of meetings 405-406
and the level of attendance of members at these
meetings.
12. A brief description of the implementation of activities in 407-408
the financial year.
PT Bank Pembangunan Daerah Jawa Timur Tbk
516 2023 Annual Report
Page 521
Criteria Explanation Page Regulations
In the event that a nomination and remuneration committee
is not formed, it is sufficient for the Issuer or Public Company
to disclose the information referred to in letter i) to letter l)
and disclose:
1. The reasons for not forming the committee
2. Parties carrying out nomination and remuneration
functions.
Other committees owned by Issuers or Public Least load: 409-410 SEOJK 16
Companies in order to support the functions POJK 17
and duties of the Board of Directors (if any) 1. Name and title in the membership of the committee.
and/ or committees that support the functions 2. Age.
and duties of the Board of Commissioners.
3. Citizenship.
4. Educational background.
5. Position history, including information on:
a. Legal basis for appointment as committee member.
b. Concurrent positions, both as members of the Board
of Commissioners, members of the board of directors,
and/or committee members and other positions (if any).
c. Work experience and time period both inside and
outside the issuer or public company.
6. Period and tenure of committee members.
7. Committee independence statement. 411
8. Training and/or competency improvement that has been 413
attended in the financial year (if any).
9. Description of duties and responsibilities. 408
10. Statement that already has a guideline or charter. 408
11. Policy and implementation of the frequency of meetings 411-412
and the level of attendance of members at these
meetings.
12. A brief description of the implementation of activities in 413-414
the financial year.
Company secretary. 1. Name. 416 SEOJK 16
2. domicile.
3. Position history, including:
a. Legal basis for appointment as company secretary.
b. Work experience and time period both inside and
outside the issuer or public company.
4. Educational background.
5. Training and/or competency improvement attended in the 416
financial year.
6. Brief description of the implementation of the duties of the 416-417
corporate secretary in the financial year.
Internal Audit Unit. 1. Name of the head of the internal audit unit. 418 SEOJK 16
POJK 17
2. Position history, including:
a. Legal basis for appointment as company secretary.
b. Work experience and time period both inside and
outside the issuer or public company.
3. Qualification or certification as internal audit profession (if 420
any).
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 517
Page 522
Criteria Explanation Page Regulations
4. Number of employees (internal auditors) in the internal 419
audit unit.
5. Training and/or competency improvement attended in the 419-420
financial year.
6. The structure and position of the internal audit unit. 417
7. Description of duties and responsibilities. 419
8. A statement that the internal audit unit has guidelines or 418-419
charters.
9. A brief description of the implementation of the duties of 421
the internal audit unit in the financial year including the
policy and implementation of the frequency of meetings
with the directors, board of commissioners and/or the
audit committee.
Public Accountant. 1. The name and year of the public accountant who audited 448-449 POJK 17
the annual financial statements for the last 5 years.
2. The name and year of the public accountant who audited
the annual financial statements for the last 5 years.
3. The amount of the fee for each type of service provided by
the Public Accounting Firm in the last financial year.
4. Other services provided by the Public Accounting Firm
and public accountants in addition to auditing the annual
financial statements for the last financial year.
Notes: if there is no other service in question, so that it is
disclosed.
Description of the internal control system 1. Financial and operational control, as well as compliance 450-451 SEOJK 13
implemented by the issuer or public company. with other laws and regulations. SEOJK 16
2. Review of the effectiveness of the internal control system. 452-453
3. Statement of the Board of Directors and/or Board of 453 SEOJK 16
Commissioners regarding the adequacy of the internal
control system.
Risk management system implemented by 1. General description of the Issuer’s or Public Company’s risk 453-457 SEOJK 16
Issuers or Public Companies. management system. SEOJK 13
2. Types of risk and how to manage them. 458-462
3. Review of the effectiveness of the Issuer’s or Public 463
Company’s risk management system.
4. Statement of the Board of Directors and/or Board of 464 SEOJK 16
Commissioners or the audit committee on the adequacy of
the risk management system.
Compliance function. The level of the Bank’s compliance with all provisions and laws 464-466 SEOJK 13
and regulations as well as fulfillment of commitments with the POJK 17
competent authorities.
Legal cases with a material impact faced by 1. Main case/lawsuit. 467-468 SEOJK 16
issuers or public companies, subsidiaries,
members of the board of directors and 2. Case/lawsuit settlement status.
members of the board of commissioners (if 3. The impact on the condition of issuers or public companies.
any). The risks faced by the company and the nominal value of
claims/lawsuits.
4. Disclosure regarding legal issues at least includes: SEOJK 13
a. the number of civil and criminal cases faced and
decisions that have permanent legal force.
b. the number of civil and criminal matters faced and still in
the process of being resolved.
Notes: in the event that the company, subsidiaries,
members of the Board of Commissioners and members of
the Board of Directors do not have important matters, this
must be disclosed.
PT Bank Pembangunan Daerah Jawa Timur Tbk
518 2023 Annual Report
Page 523
Criteria Explanation Page Regulations
Information on administrative sanctions/ 468-469 SEOJK 16
sanctions imposed on issuers or public
companies, board members commissioners
and members of the board of directors, by
the Financial Services Authority and other
authorities in the financial year (if any).
Information regarding the code of ethics of 1. Principles of the code of ethics. 476-478 SEOJK 16
Issuers or Public Companies
2. Forms of dissemination of the code of ethics and 478-479
enforcement efforts
3. Statement that the code of ethics applies to members 479
of the Board of Directors, members of the Board of
Commissioners, and employees of the Issuer or Public
Company
Implementation of Governance in 1. Remuneration Committee 444-445 POJK 45
Providing Remuneration for Banks. a. Name of members, composition, duties and
responsibilities.
b. Number of meetings held.
c. Remuneration that has been paid to members of the
Remuneration Committee for 1 (one) year.
2. Remuneration policy formulation process which includes: 444
a. Review of the background and objectives of the
Remuneration policy.
b. Implementation of a review of the Remuneration policy
in the previous year, along with its improvements.
c. Mechanism to ensure that Remuneration for Employees
in the control unit is independent from the work unit
they supervise.
3. Remuneration policy coverage and its implementation 445
per business unit, per region and in subsidiaries or branch
offices located overseas
4. Remuneration is associated with risks that include: 445
a. The main type of risk (key risk) used in implementing
Remuneration.
b. Criteria for determining the main types of risk,
including for risks that are difficult to measure.
c. The impact of determining the main risk on the
Variable Remuneration policy.
d. Changes in the determination of the main types of risk
compared to last year and the reasons, if any.
5. Performance measurement is associated with 445
Remuneration which includes:
a. Review of Remuneration policies linked to performance
appraisal.
b. The method of linking individual Remuneration
with Bank performance, work unit performance and
individual performance.
c. A description of the method used by the Bank to state
that the agreed performance cannot be achieved, so
it is necessary to make adjustments to remuneration
and the amount of remuneration adjustments if this
condition occurs.
6. Remuneration Adjustment is related to Performance and 445
Risk which includes:
a. Policy regarding Variable Remuneration that is deferred,
the amount, and the criteria for determining the amount.
b. The Bank’s policy regarding Variable Deferred
Remuneration which is postponed for payment (malus),
or withdrawn when it has been paid (clawback).
7. The name of the external consultant and the duties of the 446
consultant related to the Remuneration policy, if the Bank
uses the services of an external consultant
8. The Remuneration Package and facilities received by the 446
Board of Directors and Board of Commissioners include the
Remuneration structure and details of the nominal amount.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 519
Page 524
Criteria Explanation Page Regulations
9. Variable Remuneration includes: 446
a. Forms of Variable Remuneration along with the reasons
for choosing this form. And
b. An explanation if there are differences in the provision
of Variable Remuneration among the Directors, Board
of Commissioners and/or Employees.
10. the number of Directors, Board of Commissioners and 446
Employees who receive Variable Remuneration for 1 (one)
year, and the total amount.
11. Position and number of parties who are material risk 446
takers.
12. Shares optionowned by the Board of Directors, Board of 446
Commissioners and Executive Officers.
13. The ratio of the highest and lowest salaries 446
14. The number of beneficiaries and the total amount of 447
Variable Remuneration guaranteed unconditionally will
be given by the Bank to candidates for the Board of
Directors, candidates for the Board of Commissioners,
and/or prospective Employees during the first 1 (one) year
of work
15. The number of employees affected by termination of 447
employment and the total amount of severance paid
16. The total amount of deferred Variable Remuneration, 447
which consists of cash and/or shares or share-based
instruments issued by the Bank.
17. The total amount of deferred Variable Remuneration paid 447
for 1 (one) year.
18. Details of the amount of Remuneration given in one year 447
include:
a. Fixed or variable remuneration.
b. Deferred and non-deferred remuneration.
c. Forms of Remuneration provided in cash and/or shares
or share-based instruments issued by the Bank.
19. Quantitative information about: 447
a. The total remaining Remuneration that is still
suspended, both exposed to implicit and explicit
adjustments.
a. Total reduction in Remuneration caused by explicit
adjustments during the reporting period.
b. Total reduction in Remuneration caused by implicit
adjustments during the reporting period.
A brief description of the policy of providing In terms of compensation in the form of management 479-481 SEOJK 16
performance-based longterm compensation stock ownership program (MSOP) and/or employee stock
to management and/or employees owned ownership program (ESOP).
by issuers or public companies (if any), The information disclosed shall contain at least:
including but not limited to management stock
ownership programs program ownership/ 1. Number of shares and/or options.
MSOP) and/or employee stock ownership 2. Implementation period.
program (ESOP).
3. Eligible employee and/or management requirements.
4. The exercise price or the determination of the exercise
price.
A brief description of the Information 1. Share ownership of members of the Board of Directors and 391-392 SEOJK 16
disclosure policy regarding members of the Board of Commissioners no later than 3
(three) working days after the ownership or any change in
ownership of the shares of the Public Company.
2. Implementation of the intended policy.
PT Bank Pembangunan Daerah Jawa Timur Tbk
520 2023 Annual Report
Page 525
Criteria Explanation Page Regulations
Description of the whistleblowing 1. How to submit a violation report. 481 SEOJK 16
system at the Issuer or Public Company.
2. Protection for reporters. 481-482
3. The handling of complaints. 482-483
4. The party managing the complaint. 484
5. The results of handling complaints, at least: 484
a. Number of complaints received and processed in the
financial year.
b. Complaint follow-up.
In the event that an issuer or a public company does not have
a whistleblowing system, this will be disclosed.
Description of the Issuer’s or Public Company’s 1. Programs and procedures carried out in Overcoming 484-487 SEOJK 16
anti-corruption policy. corrupt practices, kickbacks, fraud, bribery and/or POJK 17
gratuities in Issuers or Public Companies.
2. Anti-corruption training/socialization for employees of 487
Issuers or Public Companies.
In the event that the Issuer or Public Company does not have
an anticorruption policy, the reasons for not having the said
policy will be explained.
Handling conflicts of interest 489-490 SEOJK 13
POJK 17
Provision of funds to related parties and Information that needs to be disclosed is the total amount of 489 SEOJK 13
provision of large funds (large exposure). debit balances for provision of funds to related parties and to
core debtors (individuals or groups) per report position
Transparency of the Bank’s financial and 491 SEOJK 13
non-financial conditions that have not been POJK 17
disclosed in other reports.
Other information related to Bank Governance, 490 SEOJK 13
including owner
intervention, internal disputes or problems that
arise as a result of
remuneration policies at the Bank.
Number of Deviations (Internal Fraud). Disclosure of irregularities (internal fraud) at least includes: 488-489 SEOJK 13
1. Number of deviations (internal fraud) that have been
resolved.
2. The number of irregularities (internal fraud) that are in the
process of being resolved internally at the bank.
3. Number of irregularities (internal fraud) that have not been
resolved internally at the bank.
4. The number of irregularities (internal fraud) that have been
followed up through the legal process.
Buy Back of Shares and/or Bank Bonds. 1. Policy in buying back shares or bonds of the Bank. 489 SEOJK 13
2. Number of shares and/or bonds bought back.
3. Repurchase price per share and/or bond.
4. Increase in earnings per share and/or bonds.
Provision of Funds for Social Activities and/or Disclosure regarding the provision of funds for social activities 489 SEOJK 13
Political Activities During the and/or political activities at least includes the recipient of the
Reporting Period. funds and the
amount of funds provided.
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 521
Page 526
Criteria Explanation Page Regulations
Implementation of sustainable finance, 491 POJK 17
including implementation of social and
environmental responsibility
Implementation of Public Company 1. Statement regarding recommendations that have been 491-498 SEOJK 16
governance guidelines for Issuers that issue implemented and/or
equity securities or Public Companies.
2. Explanation of recommendations that have not been
implemented, accompanied by reasons and alternatives
for implementation (if any).
Disclosure of information can be presented in tabular form.
SOCIAL AND ENVIRONMENTAL RESPONSIBILITY OF THE ISSUER OR PUBLIC COMPANY
Corporate Social Responsibility 1. The information disclosed in the social and environmental 502 SEOJK 16
responsibility section is a Sustainability Report as intended
in Financial Services Authority Regulation Number 51/
POJK.03/2017 concerning the Implementation of
Sustainable Finance for Financial Services Institutions,
Issuers and Public Companies, containing at least :
a) Explanation of sustainability strategy.
b) Overview of sustainability aspects (economic, social and
environmental).
c) Brief profile of the Issuer or Public Company.
d) Directors’ Explanation.
e) Sustainability governance.
f) Sustainability performance.
g) Written verification from an independent party, if any.
h) Feedback sheet for readers, if any.
i) The Issuer’s or Public Company’s response to feedback
from the previous year’s report.
2. Sustainability Report as referred to in number 1), must
be prepared in accordance with the Technical Guidelines
for Preparing Sustainability Reports for Issuers and Public
Companies as stated in Appendix II which is an inseparable
part of this Financial Services Authority Circular Letter.
3. Sustainability Report information in number 1) can:
a) Disclosed in other relevant sections outside the social
and environmental responsibility section, such as the
Directors’ explanation regarding the Sustainability
Report disclosed in the relevant section of the Directors’
Report; and/or
b) Refer to other sections outside the social and
environmental responsibility section while still referring
to the Technical Guidelines for Preparing Sustainability
Reports for Issuers and Public Companies as listed in
Appendix II which is an inseparable part of this Financial
Services Authority Circular Letter, such as the profile
Issuer or Public Company.
PT Bank Pembangunan Daerah Jawa Timur Tbk
522 2023 Annual Report
Page 527
Criteria Explanation Page Regulations
4. The Sustainability Report as referred to in number 1)
is an inseparable part of the Annual Report but can be
presented separately from the Annual Report.
5. In the event that the Sustainability Report is presented
separately from the Annual Report, the information
disclosed in the Sustainability Report must:
a) Contains all information as intended in number 1); And
b) Prepared in accordance with the Technical Guidelines
for Preparing Sustainability Reports for Issuers and
Public Companies as stated in Appendix II which is
an inseparable part of this Financial Services Authority
Circular Letter.
6. If the Sustainability Report is presented separately from
the Annual Report, then the social and environmental
responsibility section contains information that
information regarding social and environmental
responsibility has been disclosed in the Sustainability
Report which is presented separately from the Annual
Report.
7. Submission of a Sustainability Report which is presented
separately with the Annual Report must be submitted
simultaneously with the submission of the Annual Report.
NOTE
SEOJK 16 : Financial Services Authority Circular No. 16/SEOJK.04/2021 concerning Form and Content of Annual Reports of Issuers or Public
Companies.
SEOJK 9 : Financial Services Authority Circular No. 9/SEOJK.03/2020 concerning Transparency and Publication of Conventional Commercial
Bank Reports.
SEOJK 13 Financial Services Authority Circular No. 13/SEOJK.03/2017 concerning Implementation of Governance for Commercial Banks.
POJK 45 : Financial Services Authority Regulation No. 45/POJK.03/2015 concerning Implementation of Governance in Providing
Remuneration for Commercial Banks.
POJK 17 : Financial Services Authority Regulation 17 of 2023 concerning the Implementation of Governance for Commercial Banks
PT Bank Pembangunan Daerah Jawa Timur Tbk
2023 Annual Report 523
Page 528
Laporan Keuangan
31 Desember 2023 dan 2022
dan untuk tahun yang berakhir pada tanggal-tanggal tersebut
beserta laporan auditor independen/
Financial Statements
as of December 31, 2023 and 2022
and for the years then ended with independent auditor’s report
PT Bank Pembangunan Daerah Jawa Timur Tbk
Page 529
The original financial statements included herein are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
LAPORAN KEUANGAN FINANCIAL STATEMENTS
31 Desember 2023 dan 2022 December 31, 2023 and 2022
beserta laporan auditor independen with independent auditor’s report
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Daftar Isi/Table of Contents
Halaman/
Page
Surat Pernyataan Direksi ............................................. ................................. Board of Director’s Statement
Laporan Auditor Independen ......................................... ................................... Independent Auditors’ Report
Laporan Posisi Keuangan .............................................. 1 - 2 ............................. Statements of Financial Position
Laporan Laba Rugi dan .................................................... 3 ................................. Statements of Profit or Loss and
Penghasilan Komprehensif Lain ..................................... 3 .................................. Other Comprehensive Income
Laporan Perubahan Ekuitas .............................................. 4 ................................ Statements of Changes in Equity
Laporan Arus Kas ............................................................. 5 - 6 .......................................... Statements of Cash Flows
Catatan atas Laporan Keuangan ...................................... 7 - 209 .............................. Notes to the Financial Statements
*****
Page 530
banlrj^W
SURAT Pf, ru\ryATAAI{ I'IREKSI K)ARD OF DIRECTORS' STATEMENT
TENTANG TANC.GUNG JAWAB ATAS REGARDING THE RESN)IISIBILITY FOR
I-1.FORAN KEUANGAN TANmAL I-ITE FINAI{U L STATEM ENT
3I DESEMBER fl23 DAN 2022 DECE MBE R 3 1, 2023 AND 202 2
DAN UNTUX TAHI]N YANG BERAKHIR PADA AND FOR THE YEARS THEN ENDED
TAN@AL - TANG,GAL TERSEBIIT
PI BANK PEMBANGUNAN DAERAH PT BANK PEMBANG T]N4N DAERAH
JAWA TIMUR TbK JAIYA TI MAR TbK
Ksmi ymg bertaD& tsrlg8l dibawsh iri Ve, 2 undedigned :
l. NEne : Busul ImaD Busml Imat
Alelat ksnt6 : L Basuki Rshmad 9E-lO4 Ofice dnss Jl. Basuki Rah ad 9&101
Surabaya $rabaln
Alsm€t &rnisili : L Puaeak Cogkeh tlo. l0 Retidetial d*ts Jl. Pwuak Cengkeh No. ,0
M"l"ng Mal.Dtg
Nom(r telepon : (031) 5310090 ex.206 Telephae (03I ) 53llbtn en.206
Jabalro : Drektl[ Ulflru Pruident Dirzctoi
Nama &li M6ia o Edi Mosriolto
Alalnat k8ntor Jl. Basuki Rrbtmd 98-104 Ojice ddrcss l. Buuki Rahod9&lA
sEabaya tutueryn
Alamal dornisrli L Meyar Tirtoy6 Ut8'! 8 No 28 R*idzntial aidfts\ Jl. Ma4to littolao Uum 8 No 28
Sursbaya &rohp
N€,moa telepm (031) 53tm90 ext 208 Telepla ne (031) 53lul90 en 28
Jabatan Direktnr Keuargaq lrcarury dn Global Fhwee, Trcanry otd Gldal
9Qic$ DiBcbt
lvleayaraka bohwat Ibclarc tlxtc
L K,mi bt'l@ggrDg ja$/rb dss p€rl}rrsutrm (h p.alarjim ). lfe at rcspwibb for tlc pnpaia @rd prcteflatton o!
lapao keueEm PI Brok Feobeguom Ds€rsh Jawa fr@rcial tloten cia oI PT M Pcnbanguut Deruh Jowo
Timrr Tbk; T rur Tt*:
2. l,aporan keuangsn PT Bank PerDban$matr Darrah Jaws TimE 2. The lnancial statcnotts { I'T Bank Paabaguran Daemh Jatw
Tbk telah dis.lsun dan disajik& sesuai d€ngm StEde. Tinw Tbk ha'e been wryr"l and pnsentd in accordarce wirt
AkmtaDsi Keuangu di lndmesia: I ndac s i dn Fi rw, cia I .4c cdrni n g S andzrds ;
3. a S€oua inf.ftD&si ddm lryotan ke,egm PT Bdlk 3. a All intomaion in c lrnrial tzteneta oJ PT Bat*
Pembmguno Daerah Jawa Timru' Tbk tdah diriust wa Penbagumn Demh Ja*a Tinrur Tt* luee lEen
len8kap &n b6rar; ditckxed in a canplete otd nrrtful nataea
b. Laporaa keuaogan PT Bonk Pernbangurao Daerah Jawa b. The lrwdal ttote enB of PT Bak Penfungoutt
Timrr Tbk tidrk rne.g"' r-g itrffrtrusi alau fsltu truterial Mt Jawa Tinur Tb* do w)t @nbin any irrc&iccl
yeS tid6k b<6dr, &d tidok rE?ogbil&gk& inhrEai dar t {q*,$ s t,ebl Je.t, nr b tlcq o* ery
faka mat€riol; iaJbnnaion or nacrial facu:
4. Kaoi berlanggun8 jawab atas sisem peryeodsliao int6Dd 4. We an nspottsible lot n B@rf Penbrgut@, D@rah Jaea
daldn PT Bank Pembanglrnan Daerah Jawa Timur Tbk. TinurTbk intemal co nol ryttem-
Demikian pemyataan ini dibuar dengan sebenarnya. This sldrernent has been ,nd& trtthfully.
/ Atas naoa aan rnewaUf l}rr*si ; For aad on btnlf ol tte Boad of
, Srrabqa.l5 l$r]Eifr24 I Jonuoy 15, 2024 f
TElvtPtL
1553884
Busrul lman Edi Masrianto -
U|alr,al l'ft s ident Di recror Direlt Keuangan, Trea$iry dan Clobal
ServiceVfinarce, Treasury a Global Semices
Dilector
bankjatim.co.id
Page 531
Page 532
Page 533
Page 534
Page 535
Page 536
Page 537
Page 538
Page 539
Page 540
The original financial statements included herein are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
LAPORAN POSISI KEUANGAN STATEMENTS OF FINANCIAL POSITION
31 Desember 2023 dan 2022 December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
31 Desember/ 31 Desember/
Catatan/ December 31, December 31,
Notes 2023 2022
ASET ASSETS
Kas 2b, 2d, 2f, 3, 44, 45 2.652.775 1.988.262 Cash
Giro pada Bank Indonesia 2b, 2d, 2g, 4, 43, 44, 45 7.971.412 10.786.740 Current accounts with Bank Indonesia
Giro pada bank lain 2b, 2c, 2d, 2g, 5, 43, 44, 45 491.330 303.129 Current accounts with other banks
Cadangan kerugian penurunan nilai 2m, 5, 43e (1.077) (441) Allowance for impairment losses
490.253 302.688
Penempatan pada Bank Indonesia 2b, 2c, 2d, Placements with Bank Indonesia
dan bank lain 2h, 6, 43, 44, 45 5.234.721 6.916.329 and other banks
Cadangan kerugian penurunan nilai 2m, 6, 43e (5.026) (3.154) Allowance for impairment losses
5.229.695 6.913.175
Tagihan spot dan derivatif 7 - 361 Receivables of spot and derivative
Surat berharga 2b, 2c, 2d, 2i, 8, 43, 44, 45 16.323.831 23.217.671 Marketable securities
Cadangan kerugian penurunan nilai 2m, 8, 43e (511) (400) Allowance for impairment losses
16.323.320 23.217.271
Surat berharga yang dijual dengan Marketable securities sold under
janji dibeli kembali 2d,2j,9, 43, 44, 45 8.303.663 4.095.066 repurchased agreement
Tagihan dari surat berharga yang dibeli Receivable from marketable securities
dengan janji dijual kembali 2d, 10, 43, 44, 45 6.247.318 7.822.847 purchased under resale agreement
Tagihan lainnya 2d, 2k, 11, 43, 44, 45 223.138 286.147 Other receivables
Kredit yang diberikan
dan pembiayaan syariah Loans, and sharia financing
- Pihak berelasi 184.848 134.871 Related parties -
2c, 2d, 2e, 12, 40, 43, 44
- Pihak ketiga 54.576.055 46.061.786 Third parties -
Jumlah 54.760.903 46.196.657 Total
Cadangan kerugian penurunan nilai 2m, 12, 43e (1.364.905) (1.318.612) Allowance for impairment losses
53.395.998 44.878.045
Pendapatan bunga yang
masih akan diterima 2b, 2d, 13, 43, 44, 45 685.734 646.125 Accrued interest income
Biaya dibayar dimuka 2n, 14 207.452 166.661 Prepaid expenses
Aset tetap Fixed assets
Biaya perolehan 2.230.878 2.109.260 Cost
2o, 15
Akumulasi penyusutan (953.165) (825.010) Accumulated depreciation
Nilai buku 1.277.713 1.284.250 Net book value
Aset pajak tangguhan, neto 2x, 22g 472.123 502.238 Deferred tax assets, net
Piutang pajak 22a 777 493 Tax receivables
Aset lain-lain, neto 16 373.402 140.998 Other assets, net
JUMLAH ASET 103.854.773 103.031.367 TOTAL ASSETS
Catatan atas laporan keuangan merupakan bagian yang The accompanying notes to the financial statements
tidak terpisahkan dari laporan keuangan secara keseluruhan form an integral part of these financial statements as a whole
1
Page 541
The original financial statements included herein are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
LAPORAN POSISI KEUANGAN STATEMENTS OF FINANCIAL POSITION
31 Desember 2023 dan 2022 December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
31 Desember/ 31 Desember/
Catatan/ December 31, December 31,
Notes 2023 2022
LIABILITAS, DANA SYIRKAH LIABILITIES, TEMPORARY
TEMPORER DAN EKUITAS SYIRKAH FUNDS AND EQUITY
LIABILITAS LIABILITIES
Liabilitas segera 2q, 17, 44, 45 987.604 872.514 Obligations due immediately
Simpanan dari nasabah Deposits from customers
- Pihak berelasi 2b, 2d, 2e 12.644.538 15.295.405 Related parties -
- Pihak ketiga 2r, 18, 40, 44, 45 63.205.317 64.630.285 Third parties -
75.849.855 79.925.690
Simpanan dari bank lain Deposits from other banks
- Pihak berelasi 2d, 2e, 2s 56.694 141.996 Related parties -
- Pihak ketiga 19, 40, 44, 45 2.503.627 3.168.842 Third parties -
2.560.321 3.310.838
Liabilitas surat berharga yang dijual 20 7.915.163 3.891.346 Liabilities of marketable securities sold
dengan janji dibeli kembali under repurchase agreement
Pinjaman yang diterima 2d, 2t, 21,44, 45 596.977 631.464 Borrowings
Utang pajak 2x, 22b 143.245 90.783 Taxes payable
Beban yang masih harus dibayar 2d, 23, 44, 45 504.748 520.840 Accrued expenses
2b, 2d, 2z, 2ac,
Liabilitas lain-lain 779.314 472.054 Other liabilities
24, 44, 45
JUMLAH LIABILITAS 89.337.227 89.715.529 TOTAL LIABILITIES
DANA SYIRKAH TEMPORER TEMPORARY SYIRKAH FUNDS
Simpanan dari nasabah Deposits from customers
- Pihak berelasi 25 3.764 2.302 Related parties -
- Pihak ketiga 25 2.343.291 1.839.390 Third parties -
2.347.055 1.841.692
Simpanan dari bank lain Deposits from other banks
- Pihak ketiga 25 19.422 28.285 Third parties -
19.422 28.285
TOTAL DANA SYIRKAH TOTAL TEMPORARY
2.366.477 1.869.977
TEMPORER SYIRKAH FUNDS
EKUITAS EQUITY
Modal saham: Share capital:
- Seri A : nilai nominal Rp250 Series A : Rp250 (full Rupiah) -
(Rupiah penuh) per saham par value per share
- Seri B : nilai nominal Rp250 Series B : Rp250 (full Rupiah) -
(Rupiah penuh) per saham par value per share
Modal dasar: Authorized:
- Seri A : 24.000.000.000 saham Series A : 24,000,000,000 shares -
- Seri B : 12.000.000.000 saham Series B : 12,000,000,000 shares -
Modal ditempatkan dan disetor penuh: Issued and fully paid:
- Seri A - 11.934.147.982 saham Series A - 11,934,147,982 shares -
- Seri B - 3.081.350.100 saham Series B - 3,081,350,100 shares -
(2023 : 15.015.498.082 saham) 26 3.753.875 3.753.875 (2023 : 15,015,498,082 shares)
Tambahan modal disetor - neto 2aa, 27 532.734 532.734 Paid-in capital - net
Surplus revaluasi aset tetap 788.049 789.998 Revaluation surplus of fixed assets
Pengukuran kembali liabilitas imbalan Remeasurement of defined employee
kerja pasti - setelah pajak tangguhan (117.777) (100.912) benefit liability - net of deferred tax
Kerugian yang belum direalisasi atas Unrealized loss financial assets
aset keuangan yang diukur pada nilai measured at fair value through
wajar melalui penghasilan komprehensif other comprehensive income
lain - setelah pajak tangguhan 8 (63.958) (115.048) - net of deferred tax
Saldo laba Retained earnings
Cadangan umum 5.788.041 5.042.390 General reserve
Belum ditentukan penggunaannya 1.470.105 1.542.824 Unappropriated
JUMLAH EKUITAS 12.151.069 11.445.861 TOTAL EQUITY
JUMLAH LIABILITAS, DANA SYIRKAH TOTAL LIABILITIES, TEMPORARY
103.854.773 103.031.367
TEMPORER DAN EKUITAS SYIRKAH FUNDS AND EQUITY
Catatan atas laporan keuangan merupakan bagian yang The accompanying notes to the financial statements
tidak terpisahkan dari laporan keuangan secara keseluruhan form an integral part of these financial statements as a whole
2
Page 542
The original financial statements included herein are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
LAPORAN LABA RUGI STATEMENTS OF PROFIT OR LOSS
DAN PENGHASILAN KOMPREHENSIF LAIN AND OTHER COMPREHENSIVE INCOME
Untuk tahun yang berakhir pada For the years then ended
31 Desember 2023 dan 2022 December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
31 Desember/ 31 Desember/
Catatan/ December 31, December 31,
Notes 2023 2022
Pendapatan bunga dan syariah 2e,2v, 2w, 30, 40 7.357.284 6.882.651 Interest and sharia income
Beban bunga dan syariah 2e, 40, 31 (2.316.184) (1.965.595) Interest and sharia expense
PENDAPATAN BUNGA INTEREST AND SHARIA
DAN SYARIAH, NETO 5.041.100 4.917.056 INCOME, NET
PENDAPATAN OPERASIONAL LAINNYA OTHER OPERATING INCOME
Administrasi giro, tabungan Current accounts, savings
dan deposito 32 193.996 184.480 and deposits administration fees
Penerimaan kembali kredit hapus buku 32 127.264 56.653 Collection of loans written-off
Administrasi kredit 32 30.880 42.511 Loan administration fees
Provisi dan komisi selain dari Fees and commissions from
kredit yang diberikan 2w, 32 22.093 11.105 other than loans
Lainnya 32 274.187 238.820 Others
JUMLAH PENDAPATAN TOTAL OTHER
OPERASIONAL LAINNYA 648.420 533.569 OPERATING INCOME
BEBAN OPERASIONAL LAINNYA OTHER OPERATING EXPENSES
Tenaga kerja dan tunjangan karyawan 2z, 34 (1.762.643) (1.674.698) Salaries and employee benefits
Umum dan administrasi 35 (1.182.987) (1.229.388) General and administrative
Penyisihan kerugian penurunan Provision for impairment
nilai atas aset keuangan 2m, 33 (694.136) (404.659) losses on financial assets
Beban lainnya 36 (194.713) (201.054) Other expenses
JUMLAH BEBAN OPERASIONAL LAINNYA (3.834.479) (3.509.799) TOTAL OTHER OPERATING EXPENSES
LABA OPERASIONAL 1.855.041 1.940.826 INCOME FROM OPERATIONS
PENDAPATAN (BEBAN) NON-OPERASIONAL NON-OPERATING INCOME (EXPENSES)
Fee jasa pelayanan pajak 37 6.444 6.084 Tax service fees
Keuntungan atas penjualan aset tetap 37 5.608 5.274 Gain on sale of fixed asset - net
Keuntungan selisih kurs 2b, 37 2.390 - Gain on foreign exchange
Keuntungan penjualan efek-efek neto 37 8.698 2.757 Gain on sale of securities - net
Beban non-operasional 38 (19.339) (83.405) Non-operating expenses
Lainnya 37 33.901 158.513 Others
JUMLAH PENDAPATAN (BEBAN) TOTAL NON OPERATING INCOME
NON OPERASIONAL 37.702 89.223 (EXPENSES)
LABA SEBELUM BEBAN PAJAK 1.892.743 2.030.049 INCOME BEFORE TAX EXPENSE
BEBAN PAJAK: TAX EXPENSES:
Kini 2x, 22c, 22e (399.474) (307.452) Current
Tangguhan (23.164) (179.773) Deferred
(422.638) (487.225)
LABA TAHUN BERJALAN 1.470.105 1.542.824 INCOME FOR THE YEAR
PENGHASILAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME
Pos-pos yang tidak akan direklasifikasi Items that will not be reclassified
ke laba rugi: subsequently to profit or loss:
Surplus (defisit) revaluasi aset tetap (1.949) 40.281 Revaluation surplus (deficit) of fixed assets
Pengukuran kembali liabilitas imbalan kerja (21.898) 100.163 Remeasurement of employee benefit liability
Penyesuaian saldo awal - (19.678) Beginning balance adjustment
Pajak penghasilan terkait 5.033 (17.586) Related income taxes
(18.814) 103.180
Pos-pos yang akan direklasifikasi Items that will be reclassified
ke laba rugi: subsequently to profit or loss:
Keuntungan yang belum direalisasi
atas aset keuangan yang diukur pada nilai Unrealized gain on financial
63.074 (400.611)
wajar melalui penghasilan assets measured at fair value
komprehensif lain through other comprehensive income
Penyesuaian saldo awal - (3.730) Beginning balance adjustment
Pajak penghasilan terkait (11.984) 76.116 Related income taxes
51.090 (328.225)
PENGHASILAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE
NETO SETELAH PAJAK 32.276 (225.045) INCOME - NET OF TAX
JUMLAH LABA KOMPREHENSIF TOTAL COMPREHENSIVE
TAHUN BERJALAN 1.502.381 1.317.779 INCOME FOR THE YEAR
LABA PER SAHAM DASAR 97,91 102,75 BASIC EARNINGS PER SHARE
2y, 39
(DALAM NILAI PENUH) (IN FULL AMOUNT)
Catatan atas laporan keuangan merupakan bagian yang The accompanying notes to the financial statements
tidak terpisahkan dari laporan keuangan secara keseluruhan form an integral part of these financial statements as a whole
3
Page 543
The original financial statements included herein are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
LAPORAN PERUBAHAN EKUITAS STATEMENTS OF CHANGES IN EQUITY
Untuk tahun yang berakhir pada For the years then ended
tanggal-tanggal 31 Desember 2023 dan 2022 December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
_____________________________________________________________________________________________________________ _________________________________________________________________________________________________
Keuntungan (kerugian) yang belum
Pengukuran direalisasi atas aset keuangan
kembali liabilitas yang diukur pada nilai wajar
Modal imbalan kerja melalui pendapatan
ditempatkan Surplus pasti - setelah komprehensif lain - setelah
dan disetor Tambahan revaluasi aset pajak tangguhan/ pajak tangguhan/
penuh/ modal disetor- tetap/ Remeasurement of Unrealized gain (loss) on financial Saldo laba/ Retained earnings
Issued and neto/ Revaluation defined employee assets measured at fair value Cadangan Belum ditentukan
Catatan/ fully Other paid-in surplus of benefit liability - through other comprehensive umum/ penggunaannya/ Total ekuitas/
Notes paid capital capital-net fixed asset net of deferred tax income - net of deferred tax General reserve Unappropriated Total equity
31 Desember 2021 3.753.875 532.734 749.717 (163.811) 213.177 4.301.777 1.523.070 10.910.539 December 31, 2021
Pembentukan cadangan umum 26e - - - - - 740.613 (740.613) - Appropriation for general reserve
Pembagian dividen tunai 2ab, 26e - - - - - - (782.457) (782.457) Distribution of cash dividends
Jumlah laba komprehensif Total comprehensive income
tahun berjalan - - 40.281 62.899 (328.225) - 1.542.824 1.317.779 for the year
31 Desember 2022 3.753.875 532.734 789.998 (100.912) (115.048) 5.042.390 1.542.824 11.445.861 December 31, 2022
Pembentukan cadangan umum 26e - - - - - 745.651 (745.651) - Appropriation for general reserve
Pembagian dividen tunai 2ab, 26e - - - - - - (797.173) (797.173) Distribution of cash dividends
Jumlah laba komprehensif Total comprehensive income
tahun berjalan - - (1.949) (16.865) 51.090 - 1.470.105 1.502.381 for the year
31 Desember 2023 3.753.875 532.734 788.049 (117.777) (63.958) 5.788.041 1.470.105 12.151.069 December 31, 2023
Catatan atas laporan keuangan merupakan bagian yang The accompanying notes to the financial statements
tidak terpisahkan dari laporan keuangan secara keseluruhan form an integral part of these financial statements as a whole
4
Page 544
The original financial statements included herein are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
LAPORAN ARUS KAS STATEMENTS OF CASH FLOWS
Untuk tahun yang berakhir pada tanggal-tanggal For the years then ended
31 Desember 2023 dan 2022 December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/ December 31, December 31,
Notes 2023 2022
Arus kas dari aktivitas operasi Cash flows from operating activities
Penerimaan bunga, syariah, Receipts of interest, sharia,
provisi dan komisi 7.324.150 7.030.426 fees and commissions
Pembayaran bunga, syariah, Payments of interest, sharia,
provisi dan komisi (2.310.264) (1.931.344) fees and commissions
Penerimaan dari pendapatan Receipts of other
operasional lainnya 521.156 476.364 operating income
Penerimaan kembali dari
kredit hapus buku 127.264 56.653 Collection of loans written-off
Penerimaan dari pendapatan Receipts from
non-operasional 60.386 172.136 non-operating income
Pembayaran untuk biaya Payments for
non-operasional (19.337) (82.913) non-operating expenses
Pembayaran beban tenaga kerja Payments of salaries
dan tunjangan karyawan (1.763.167) (1.659.597) and employee benefits
Pembayaran beban umum Payments of general
dan administrasi (1.283.327) (1.296.665) and administrative expenses
Pembayaran pajak (368.455) (389.372) Payment of taxes
Arus kas dari aktivitas operasi sebelum Cash flow from operating activities before
perubahan dalam aset dan liabilitas operasi 2.288.406 2.375.688 changes in operating assets and liabilities
Perubahan dalam aset Changes in operating
dan liabilitas operasi: assets and liabilities:
Penempatan pada Bank Indonesia Placement with Bank Indonesia
dan bank lain (1.500) (7.000) and other bank
Kredit yang diberikan (9.193.797) (4.347.656) Loans
Surat berharga yang dijual dengan Marketable securities sold under
janji dibeli kembali (4.208.597) (4.095.066) repurchase agreement
Tagihan dari surat berharga yang dibeli Receivable from marketable securities
dengan janji dijual kembali 1.575.529 (4.402.162) purchased under resale agreement
Aset lain-lain dan tagihan lainnya (166.678) (117.044) Other assets and other receivables
Liabilitas segera 115.091 278.638 Obligations due immediately
Simpanan dari nasabah (3.570.473) (1.434.484) Deposits from customers
Simpanan dari bank lain (759.380) (848.777) Deposits from other banks
Liabilitas surat berharga yang dijual Liabilities of marketable securities sold
dengan janji dibeli kembali 4.023.817 3.891.346 under repurchase agreement
Liabilitas lain-lain 200.981 (39.476) Other liabilities
Kas bersih digunakan untuk aktivitas operasi (9.696.601) (8.745.993) Net cash used in operating activities
Arus kas dari aktivitas investasi Cash flows from investing activities
Penjualan surat berharga 6.948.323 8.846.760 Proceeds of marketable securities
Perolehan aset tetap 15 (149.298) (248.269) Acquisition of fixed assets
Penjualan aset tetap 15 5.608 5.274 Fixed asset sold
Kas bersih diperoleh dari aktivitas investasi 6.804.633 8.603.765 Net cash provided from investing activities
Arus kas dari aktivitas pendanaan Cash flows from financing activities
Penerimaan (pembayaran) dari Proceeds (payments of)
pinjaman yang diterima 43.578 (23.825) from borrowings
Penerimaan (pembayaran) liabilitas sewa 6.316 (21.111) Proceeds (payments of) lease liability
Pembayaran dividen kas 26e (797.173) (782.457) Payments of cash dividends
Kas bersih digunakan untuk aktivitas pendanaan (747.279) (827.393) Net cash used in financing activities
Catatan atas laporan keuangan merupakan bagian yang The accompanying notes to the financial statements
tidak terpisahkan dari laporan keuangan secara keseluruhan form an integral part of these financial statements as a whole
5
Page 545
The original financial statements included herein are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
LAPORAN ARUS KAS (lanjutan) STATEMENTS OF CASH FLOWS (continued)
Untuk tahun yang berakhir pada tanggal-tanggal For the years then ended
31 Desember 2023 dan 2022 December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
31 Desember/ 31 Desember/
Catatan/ December 31, December 31,
Notes 2023 2022
Penurunan neto kas Decrease in cash
(3.639.247) (969.621)
dan setara kas and cash equivalents
Kas dan setara kas Cash and cash equivalents
19.988.131 20.957.752
pada awal tahun at beginning of year
Kas dan setara kas pada akhir tahun 16.348.884 19.988.131 Cash and cash equivalents at end of year
Kas dan setara kas terdiri dari: Cash and cash equivalents consist of:
Kas 3 2.652.775 1.988.262 Cash
Giro pada Bank Indonesia 4 7.971.412 10.786.740 Current accounts with Bank Indonesia
Giro pada bank lain 5 491.330 303.129 Current accounts with other bank s
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain (jangka waktu jatuh tempo and other banks (maturity within three
tiga bulan atau kurang sejak tanggal perolehan) 6 5.233.367 6.910.000 months or less since the acquisition date)
Jumlah kas dan setara kas 16.348.884 19.988.131 Total cash and cash equivalents
Catatan atas laporan keuangan merupakan bagian yang The accompanying notes to the financial statements
tidak terpisahkan dari laporan keuangan secara keseluruhan form an integral part of these financial statements as a whole
6
Page 546
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM 1. GENERAL
a. Pendirian Bank dan informasi umum a. Establishment of the Bank and general
information
PT Bank Pembangunan Daerah Jawa Timur Tbk PT Bank Pembangunan Daerah Jawa Timur Tbk
(“Bank”) didirikan dengan nama PT Bank (the “Bank”) was established under the name of
Pembangunan Daerah Djawa Timur pada tanggal PT Bank Pembangunan Daerah Djawa Timur
17 Agustus 1961 dengan akta yang dibuat oleh based on the notarial deed No.91 dated August
Notaris Anwar Mahajudin, No.91 tanggal 17 17, 1961 of Anwar Mahajudin. Pursuant to Law
Agustus 1961. Dengan adanya Undang-Undang No.13 year 1962 regarding the Basic Terms for
No.13 tahun 1962 tentang Ketentuan Pokok Bank Regional Development Banks, which require that
Pembangunan Daerah, yang mengharuskan Bank the establishment of Regional Development
Pembangunan Daerah didirikan dengan Banks be based on Municipal District
Peraturan Pemerintah Daerah, maka Pemerintah Regulations, therefore the Municipal District I of
Daerah Tingkat I Jawa Timur mengeluarkan East Java issued Municipal District Regulation
Peraturan Daerah No.2 tahun 1976. Atas dasar No.2 year 1976. Based on such Municipal
peraturan daerah tersebut, nama PT Bank District Regulation, the name of PT Bank
Pembangunan Daerah Djawa Timur diubah Pembangunan Daerah Djawa Timur was
menjadi Bank Pembangunan Daerah Jawa Timur. changed to Bank Pembangunan Daerah Jawa
Timur.
Peraturan Pemerintah Daerah tersebut disahkan Such Municipal District Regulation was approved
oleh Menteri Dalam Negeri dalam Surat by the Minister of Internal Affairs under Decision
Keputusan No.Pem.10/5/26-18 tanggal 31 Letter No.Pem.10/5/26-18 dated January 31,
Januari 1977 dan diumumkan dalam Lembaran 1977 and published in the Municipal Gazette
Daerah Propinsi Daerah Tingkat I Jawa Timur District I Province of East Java Year 1977 Series
Tahun 1977 Seri C No.I/c tanggal 1 Februari C No.I/c dated February 1, 1977. This Regulation
1977. Peraturan Daerah tersebut mengalami has been amended several times, with the latest
beberapa kali perubahan, dan yang terakhir amendment being Municipal District Regulation
diubah dengan Peraturan Daerah No.11 tahun No.11 year 1996, dated December 30, 1996,
1996 tanggal 30 Desember 1996 yang disahkan which was approved by the Minister of Domestic
oleh Menteri Dalam Negeri dengan Surat Affairs in Decision Letter No.584.35-280 dated
Keputusan No.584.35-280 tanggal 21 April 1997. April 21, 1997. Pursuant to the approval of
Dengan pengesahan Peraturan Daerah No.1 Municipal District Regulation No.1 year 1999 by
tahun 1999 oleh DPRD Propinsi Jawa Timur the Regional Legislative Assembly of East Java
tanggal 20 Maret 1999, dan oleh Menteri Dalam dated March 20, 1999 and by the Minister of
Negeri dengan Surat Keputusan No.584.35-317 Domestic Affairs in Decision Letter No.584.35-
tanggal 14 April 1999, maka bentuk hukum Bank 317 dated April 14, 1999, the legal status of the
Pembangunan Daerah Jawa Timur diubah dari Bank was changed from a Regional Corporation
Perusahaan Daerah menjadi Perseroan Terbatas. to a Limited Liability Company.
Perubahan status bentuk hukum tersebut sesuai This change in status of legal form was based
dengan akta No.1 tanggal 1 Mei 1999 yang dibuat on the notarial deed No.1 dated May 1, 1999 of
oleh Notaris R. Sonny Hidayat Julistyo, S.H., dan R. Sonny Hidayat Julistyo, S.H., which has been
telah disahkan oleh Menteri Kehakiman Republik approved by the Minister of Justice of the
Indonesia dengan Surat Keputusan Republic of Indonesia in Decision Letter
No.C2.8227.HT.01.01.TH.99 tanggal 5 Mei 1999 No.C2.8227.HT.01.01. TH.99 dated May 5,
serta diumumkan dalam Lembaran Berita Negara 1999 and was published in the State Gazette of
Republik Indonesia tanggal 25 Mei 1999 No.42, the Republic of Indonesia No.42, dated May 25,
Tambahan Berita Negara Republik Indonesia 1999 in Supplement of the Republic of
No.3008/1999. Indonesia No.3008/1999.
7
Page 547
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian Bank dan informasi umum (lanjutan) a. Establishment of the Bank and general
information (continued)
Seiring dengan perkembangan perekonomian dan In line with the economic growth and to comply
dalam rangka memenuhi persyaratan sebagai with the requirement to be Regional Champion
Bank Pembangunan Daerah (BPD) Regional BPD, with one of the indicators is to strengthen
Champion yang salah satu parameternya adalah the capital structure, an amendment of Article of
untuk memperkuat permodalan, maka dilakukan Associations was taken based on Extraordinary
perubahan Anggaran Dasar Bank berdasarkan General Meetings of Shareholders Decision
akta No.89 tanggal 25 April 2012 yang dibuat oleh Deeds No.89 dated April 25, 2012 of Fathiah
Notaris Fathiah Helmi, S.H., di Jakarta yang telah Helmi, S.H., Notary in Jakarta and granted
memperoleh persetujuan dari Kementerian approval from Ministry of Law and Human Rights
Hukum dan Hak Asasi Manusia berdasarkan based on decree No.AHU-22728.AH.01.02. Year
Surat Keputusan No.AHU-22728.AH.01.02. 2012 dated April 30, 2012, registered on the
Tahun 2012 tanggal 30 April 2012, telah Company list according to Limited Company Law
didaftarkan dalam Daftar Perseroan sesuai with registration No.AHU-0038044.AH.01.09
dengan Undang Undang Perseroan Terbatas Year 2012 dated April 30, 2012, as well as by
dengan No.AHU-0038044.AH.01.09 Tahun 2012 Decision Letter of the Capital Market and
tanggal 30 April 2012 serta berdasarkan Surat Financial Institutions Supervisory Agency
Keputusan Badan Pengawas Pasar Modal dan (BAPEPAM-LK) dated November 29, 2012 that
Lembaga Keuangan (BAPEPAM-LK) tanggal 29 declared effective registration statement to
November 2012 dinyatakan efektif untuk become a public company and changed its
pernyataan pendaftaran dan berubah nama name to PT Bank Pembangunan Daerah Jawa
menjadi PT Bank Pembangunan Daerah Jawa Timur Tbk.
Timur Tbk.
Selanjutnya, Anggaran Dasar tersebut telah Hereinafter, the Articles of Associations has
mengalami perubahan melalui akta No.23 tanggal been amended No.23 dated April 8, 2015 made
8 April 2015 yang dibuat oleh Notaris Bambang by Bambang Heru Djuwito, S.H., Notary in
Heru Djuwito, S.H., Notaris di Surabaya, dan telah Surabaya and has been registered on the
terdaftar di Kementerian Hukum dan Hak Asasi Ministry of Law and Human Rights of the
Manusia Republik Indonesia No.AHU-AH.01.03- Republic of Indonesia No.AHU-AH.01.03-
0927646 tanggal 27 April 2015. Perubahan 0927646 dated April 27, 2015. The next deed
selanjutnya melalui akta No.55 tanggal 22 April No.55 dated April 22, 2020 made by Sitaresmi
2020 yang dibuat oleh Notaris Sitaresmi Puspadewi Subianto, S.H., Notary in Surabaya
Puspadewi Subianto, S.H., Notaris di Surabaya, and has been registered on the Ministry of Law
dan telah terdaftar di Kementerian Hukum dan and Human Rights of the Republic Indonesia
Hak Asasi Manusia Republik Indonesia No.AHU- No.AHU-AH.01.03-0197642 dated April 23,
AH.01.03-0197642 tanggal 23 April 2020. 2020. The latest deed No.95 dated May 31,
Perubahan terakhir melalui akta No.95 tanggal 31 2021 made by Sitaresmi Puspadewi Subianto,
Mei 2021 yang dibuat oleh Notaris Sitaresmi S.H., Notary in Surabaya and has been
Puspadewi Subianto, S.H., Notaris di Surabaya, registered on the Ministry of Law and Human
dan telah terdaftar di Kementerian Hukum dan Rights of the Republic Indonesia No.AHU-
Hak Asasi Manusia Republik Indonesia No.AHU- AH.01.03-0387989 dated June 21, 2021.
AH.01.03-0387989 tanggal 21 Juni 2021.
Bank mulai melakukan kegiatan operasional The Bank started its commercial operations in
sesuai Surat Keputusan Menteri Keuangan accordance with the Decision Letter of the
Republik Indonesia No.BUM 9-4-5 pada tanggal Minister of Finance of the Republic of Indonesia
15 Agustus 1961. Sedangkan Unit Usaha Syariah No.BUM 9-4-5 on August 15, 1961. The Sharia
(UUS) dibentuk dan mulai beroperasi sejak Operating Unit started its commercial operations
tanggal 21 Agustus 2007 sesuai dengan surat on August 21, 2007 in accordance with the
Persetujuan Prinsip Pendirian UUS dari Bank approval letter from Bank Indonesia
Indonesia No.9/75/DS/Sb tanggal 4 April 2007. No.9/75/DS/Sb dated April 4, 2007 for the
establishment of the Bank’s Sharia Operating
Unit.
8
Page 548
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian Bank dan informasi umum (lanjutan) a. Establishment of the Bank and general
information (continued)
Entitas induk terakhir dari Bank adalah The ultimate parent of the Bank is the Government
Pemerintah Propinsi Jawa Timur. of East Java Province.
Bank memperoleh ijin untuk beroperasi sebagai The Bank obtained a license to operate as foreign
bank devisa berdasarkan Surat Keputusan Direksi exchange bank based on the decision letter
Bank Indonesia (BI) No.23/28/KEP/DIR tanggal No.23/28/KEP/DIR of the Board of Director of Bank
2 Agustus 1990. Indonesia (BI) dated August 2, 1990.
Sesuai dengan pasal 3 Anggaran Dasar Bank In accordance with article 3 of the Bank’s Articles
tersebut, ruang lingkup kegiatan Bank adalah of Association, the Bank’s scope of activities is to
menjalankan kegiatan usaha di bidang engage in general banking services, including
perbankan, termasuk perbankan berdasarkan banking activities based on Sharia principles and
prinsip Syariah serta kegiatan perbankan lainnya other banking activities in accordance with the
yang lazim sesuai dengan peraturan perundang- prevailing laws and regulations.
undangan yang berlaku.
Tugas utama Bank adalah ikut mendorong The main role of the Bank is to participate in
pertumbuhan potensi ekonomi daerah melalui developing regional economic growth by providing
peran sertanya dalam mengembangkan sektor- facilities to small and medium scale businesses to
sektor usaha kredit kecil dan menengah dalam achieve appropriate profit levels. Its main activities
rangka memperoleh laba yang optimal. Kegiatan involve collecting and lending funds and rendering
utamanya yaitu menghimpun dan menyalurkan other banking services.
dana serta memberikan jasa-jasa perbankan
lainnya.
b. Penawaran umum perdana saham b. Initial public offering (IPO)
Berdasarkan Surat Badan Pengawas Pasar Based on letter No.S-8143/BL/2012 of the Capital
Modal dan Lembaga Keuangan (BAPEPAM-LK) Market and Financial Institutions Supervisory
No.S-8143/BL/2012 tanggal 29 November 2012, Agency (BAPEPAM-LK) dated November 29, 2012,
pernyataan pendaftaran yang diajukan Bank the registration statement submitted by the Bank
dalam rangka Penawaran Umum Perdana saham relating to the Initial Public Offering of
kepada masyarakat sejumlah 2.983.537.000 2,983,537,000 Series B shares at Rp250 (full
saham Seri B, dengan nilai nominal sebesar Rupiah) per share with selling price of Rp430 (full
Rp250 (Rupiah penuh) setiap saham dengan Rupiah) per share became effective on November
harga penawaran sebesar Rp430 per saham 29, 2012. The shares which were offered to the
(Rupiah penuh) telah menjadi efektif pada tanggal public, were listed and traded on the Indonesia
29 November 2012. Saham yang ditawarkan Stock Exchange on July 12, 2012. The excess of
tersebut dicatatkan dan mulai diperdagangkan di the share offer price over the par value per share
Bursa Efek Indonesia pada tanggal 12 Juli 2012. was recognized as “Other paid-in capital - net of
Selisih lebih antara harga penawaran per saham share issuance cost”, which is presented under the
dengan nilai nominal per saham dicatat sebagai Equity section of the Statement of Financial
“Tambahan modal disetor, setelah dikurangi Position.
dengan biaya emisi saham”, yang disajikan pada
bagian Ekuitas pada Laporan Posisi Keuangan.
Berkaitan dengan penawaran umum saham In relation to the Initial Public Offering of the
perdana, Bank akan mengimplementasikan shares, the Bank will implement Employee Stock
program Employee Stock Allocation (ESA) Allocation (ESA) program by allocating maximum
dengan mengalokasikan saham sebanyak- of 10% of the newly issued shares and issued
banyaknya sebesar 10% dari jumlah penerbitan Management and Employee Stock Option Plan
saham yang ditawarkan dan menerbitkan opsi (MESOP) program with maximum of 0.71% of the
saham untuk program Management and issued and paid-up shares after Initial Public
Employee Stock Option Plan (MESOP) sebanyak- Offering.
banyaknya sebesar 0,71% dari jumlah modal
ditempatkan dan disetor penuh setelah
penawaran umum perdana saham.
9
Page 549
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Penawaran umum perdana saham (lanjutan) b. Initial public offering (IPO) (continued)
Program MESOP Tahap I Periode Tahun 2016 The MESOP Program Period 2016 Phase I has
telah dilaksanakan dari tanggal 1 Agustus 2016 been implemented from August 1, 2016 to
sampai dengan 13 November 2016, tanggal 1 November 13, 2016, February 1, 2017 to March 13,
Februari 2017 sampai dengan 13 Maret 2017, 2017, August 1, 2017 to November 13, 2017,
tanggal 1 Agustus 2017 sampai dengan 13 February 1, 2018 to March 15, 2018, August 1,
November 2017, tanggal 1 Februari 2018 sampai 2019 to September 11, 2019. The MESOP
dengan 15 Maret 2018, tanggal 1 Agustus 2019 Program Period 2017 Phase II has been
sampai dengan 11 September 2019. Program implemented from August 1, 2017 to November 13,
MESOP Tahap II Periode Tahun 2017 telah 2017, February 1, 2018 to March 15, 2018,
dilaksanakan dari tanggal 1 Agustus 2017 sampai February 1, 2019 to March 18, 2019, August 1,
dengan 13 November 2017, tanggal 1 Februari 2019 to September 11, 2019. The MESOP
2018 sampai dengan 15 Maret 2018, tanggal 1 Program Phase III has been implemented from
Februari 2019 sampai dengan 18 Maret 2019, August 1, 2018 to September 14, 2018, February
tanggal 1 Agustus 2019 sampai dengan 11 1, 2019 to March 18, 2019, August 1, 2019 to
September 2019. Program MESOP Tahap III telah September 11, 2019.
dilaksanakan tanggal 1 Agustus 2018 sampai
dengan 14 September 2018, tanggal 1 Februari
2019 sampai 18 Maret 2019, tanggal 1 Agustus
2019 sampai dengan 11 September 2019.
c. Manajemen eksekutif c. Excecutive management
Susunan Dewan Komisaris dan Direksi Bank The composition of the Bank’s Board of
sesuai dengan Akta Rapat Umum Pemegang Commissioners and Directors in accordance with
Saham No.25 tanggal 12 April 2023 dan Akta the General Meeting of Shareholders No.25 dated
Rapat Umum Pemegang Saham Luar Biasa April 12, 2023 and the Extraordinary General
No.23 tanggal 7 Desember 2022 dari notaris Meeting of Shareholders No.23 dated December 7,
Sitaresmi Puspadewi Subianto, S.H. adalah 2022 of notary Sitaresmi Puspadewi Subianto, S.H.
sebagai berikut: are as follows:
2023
Dewan Komisaris Board of Commissioners
Komisaris Utama Suprajarto *) President Commissioner
Komisaris Adhy Karyono Commissioner
Komisaris Independen Candra Fajri Ananda Independent Commissioner
Komisaris Independen Muhammad Mas’ud Independent Commissioner
Komisaris Independen Sumaryono Independent Commissioner
Direksi Board of Directors
Direktur Utama Busrul Iman President Director
Direktur Operasi Arif Suhirman Operation Director
Direktur Mikro, Ritel dan Menengah R. Arief Wicaksono Micro, Retail and Medium Director
Direktur Teknologi Informasi dan Digital Zulhelfi Abidin Information Technology and Digital Director
Direktur Kepatuhan Tonny Prasetyo Compliance Director
Direktur Manajemen Risiko Eko Susetyono Risk Management Director
Direktur Keuangan, Treasury dan Global Edi Masrianto Finance, Treasury and Global Service
Service Director
10
Page 550
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Manajemen eksekutif (lanjutan) c. Excecutive management (continued)
2022
Dewan Komisaris Board of Commissioners
Komisaris Utama Suprajarto President Commissioner
Komisaris Heru Tjahjono Commissioner
Komisaris Independen Muhammad Mas’ud Independent Commissioner
Komisaris Independen Candra Fajri Ananda Independent Commissioner
Komisaris Independen Sumaryono Independent Commissioner
Direksi Board of Directors
Direktur Utama Busrul Iman President Director
Direktur Operasi Tonny Prasetyo **) Operation Director
Direktur Mikro, Ritel dan Menengah R. Arief Wicaksono Micro, Retail and Medium Director
Direktur Teknologi Informasi dan Digital Zulhelfi Abidin ***) Information Technology and Digital Director
Direktur Kepatuhan - Compliance Director
Direktur Manajemen Risiko Eko Susetyono Risk Management Director
Direktur Keuangan, Treasury dan Global Finance, Treasury and Global Service
Service Edi Masrianto Director
*) *)
meninggal dunia tanggal 19 Desember 2023. passed away December 19, 2023.
**) **)
ditunjuk sebagai pengganti sementara Direktur appointed as a temporary substitute Compliance
Kepatuhan, sehingga jabatan Direktur Operasi Director, so that the position of Operation Director
sementara dilepaskan untuk memenuhi aspek was temporarily released to fulfill the independence
independensi. aspect.
***) ***)
ditunjuk untuk merangkap sebagai Direktur Operasi. appointed concurrently as the Operation Director.
Hal tersebut sesuai dengan Surat Keputusan Dewan This is in accordance with the Decree of the Board of
Komisaris No.061/10/DKM/KEP tanggal 13 Desember Commissioners No.061/10/DKM/KEP dated December
2022 dan telah dicatat dalam administrasi pengawasan 13, 2022 and has been recorded in the OJK supervision
OJK berdasarkan surat No.S-4/KR.0413/2023 tanggal 4 administration based on letter No.S-4/KR.0413/2023
Januari 2023. dated January 4, 2023.
Susunan Komite Audit adalah sebagai berikut: The composition of the Audit Committee are as
follows:
2023 2022
Ketua Sumaryono Sumaryono Chairman
Anggota Muhammad Mas’ud Muhammad Mas’ud Member
Anggota Kusnadi Candra Fajri Ananda Member
Anggota Moch. Arifin Kusnadi Member
Susunan Komite Pemantau Risiko adalah The composition of the Risk Monitoring Committee
sebagai berikut: are as follows:
2023 2022
Ketua Sumaryono Candra Fajri Ananda Chairman
Anggota Muhammad Mas’ud Muhammad Mas’ud Member
Anggota Sulam Andjar Rochim Sumaryono Member
Anggota - Sulam Andjar Rochim Member
Anggota - Moch. Arifin Member
Susunan Komite Remunerasi dan Nominasi The composition of the Remuneration and
adalah sebagai berikut: Nomination Committee are as follows:
2023 2022
Ketua Muhammad Mas’ud Muhammad Mas’ud Chairman
Anggota Adhy Karyono Suprajarto Member
Anggota Sumaryono Candra Fajri Ananda Member
Anggota Slamet Purwanto Sumaryono Member
Anggota - Heru Tjahyono Member
Anggota - Revi Adiana S. Member
Susunan Komite Audit, Komite Pemantau Risiko, dan Komite The composition of the Audit Committee, the Risk Monitoring
Remunerasi dan Nominasi sesuai dengan Surat Keputusan Committee, and the Remuneration and Nomination Committee
No.062/105/DIR/HCP/KEP tanggal 29 Desember 2023. accordance to Decision Letter No.062/105/DIR/HCP/KEP dated
December 29, 2023.
11
Page 551
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Manajemen eksekutif (lanjutan) c. Excecutive management (continued)
Susunan Internal Audit pada tanggal 31 The composition of the Internal Audit as of
Desember 2023 dan 2022 adalah sebagai December 31, 2023 and 2022 are as follows:
berikut:
2023 2022
Pemimpin Divisi Wardhana Suryaatmaja Ratna Hastutik Division Head
Pemimpin Sub Divisi R. Sonny Soelaksono M. Muad Sub Division Head
Pemimpin Sub Divisi Agung Setya Nugroho R. Sonny Soelaksono Sub Division Head
Pemimpin Sub Divisi - - Sub Division Head
Sekretaris Perusahaan pada tanggal 31 The Corporate Secretary as of December 31,
Desember 2023 dan 2022 adalah sebagai berikut: 2023 and 2022 are as follows:
2023 2022
Pemimpin Divisi Wioga Adhiarma Aji Budi Sumarsono Division Head
Pemimpin Sub Divisi Bambang Supriadi Bambang Supriadi Sub Division Head
Pemimpin Sub Divisi Derry Widya Ariyata Derry Widya Ariyata Sub Division Head
Pemimpin Sub Divisi Lestari Nur Imani Lestari Nur Imani Sub Division Head
Susunan Dewan Pengawas Syariah Bank pada The composition of the Sharia Supervisory Board
tanggal 31 Desember 2023 dan 2022 adalah as of December 31, 2023 and 2022 are as
sebagai berikut: follows:
2023 2022
Ketua Afifuddin Muhajir Afifuddin Muhajir Division Head
Anggota - Sa’ad Ibrahim Sub Division Head
Pada tanggal 31 Desember 2023 dan 2022, Bank As of December 31, 2023 and, 2022, the Bank
memiliki karyawan tetap masing-masing sebanyak has 4,219 and 4,385 permanent employees,
4.219 dan 4.385 orang (tidak diaudit). respectively (unaudited).
d. Jaringan kantor d. Office network
Pada tanggal 31 Desember 2023, Bank memiliki As of December 31, 2023, the Bank has 41
41 kantor cabang konvensional termasuk 1 Unit branches including 1 Sharia Operating Unit (UUS)
Usaha Syariah (UUS) yang mempunyai 7 cabang which has 7 Sharia branches and 163
Syariah serta 163 kantor cabang pembantu conventional sub-branches, 10 Sharia sub-
konvensional, 10 kantor cabang pembantu branches, 212 conventional functional offices, 4
Syariah, 212 kantor fungsional konvensional, 4 Sharia functional office, 196 Sharia service
kantor fungsional Syariah, 196 kantor layanan offices, 828 ATMs (Automated Teller Machines),
Syariah, 828 ATM (Automated Teller Machine), 26 26 ATMs Sharia (Sharia Automated Teller
ATM Syariah (Sharia Automated Teller Machine), Machines), 84 CRM (Cash Recycling Machines)
84 CRM (Cash Recycling Machine) konvensional, conventional, 10 CRM (Cash Recycling Machines)
10 CRM (Cash Recycling Machine) Syariah di Sharia located in Indonesia.
Indonesia.
Pada tanggal 31 Desember 2022, Bank memiliki As of December 31, 2022, the Bank has 41
41 kantor cabang konvensional termasuk 1 Unit branches including 1 Sharia Operating Unit (UUS)
Usaha Syariah (UUS) yang mempunyai 7 cabang which has 7 Sharia branches and 162
Syariah serta 162 kantor cabang pembantu conventional sub-branches, 10 Sharia sub-
konvensional, 10 kantor cabang pembantu branches, 212 conventional functional offices, 3
Syariah, 212 kantor fungsional konvensional, 3 Sharia functional office, 195 Sharia service
kantor fungsional Syariah, 195 kantor layanan offices, 815 ATMs (Automated Teller Machines),
Syariah, 815 ATM (Automated Teller Machine), 26 26 ATMs Sharia (Sharia Automated Teller
ATM Syariah (Sharia Automated Teller Machine), Machines), 58 CRM (Cash Recycling Machines)
58 CRM (Cash Recycling Machine) konvensional, conventional, 7 CRM (Cash Recycling Machines)
7 CRM (Cash Recycling Machine) Syariah di Sharia located in Indonesia.
Indonesia.
12
Page 552
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Jaringan kantor (lanjutan) d. Office network (continued)
Bank mengklasifikasikan kantor cabang menjadi The Bank classifies its branch offices into main
kantor cabang utama, kantor cabang khusus, branches, special branches, first-class branches,
kantor cabang kelas I, kantor cabang kelas II dan second-class branches and third-class branches.
kantor cabang kelas III. Masing-masing cabang Each branch has sub-branches and/or cash offices
mempunyai kantor cabang pembantu dan/atau and/or payment points.
kantor kas dan/atau payment point.
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
POLICIES
Kebijakan akuntansi utama yang ditetapkan dalam The principal accounting policies adopted in preparing
penyusunan laporan keuangan Bank adalah the financial statements of the Bank are set out below:
sebagaimana diuraikan di bawah ini:
a. Basis penyusunan laporan keuangan a. Basis of preparation of the financial statements
Pernyataan kepatuhan Statement of compliance
Laporan keuangan pada tanggal 31 Desember The financial statements as of December 31 2023
2023 dan 2022 disusun dan disajikan sesuai and 2022 have been prepared and presented in
dengan Standar Akuntansi Keuangan (SAK) di accordance with Financial Accounting Standards
Indonesia, yang meliputi Pernyataan Standar (SAK) and Statements of Financial Accounting
Akuntansi Keuangan (PSAK) dan Interpretasi Standards (PSAK) and Interpretation of Financial
Standar Akuntansi Keuangan (ISAK) yang Accounting Standards (ISAK) issued by the
diterbitkan oleh Dewan Standar Akuntansi Financial Accounting Standard Board of the
Keuangan-Ikatan Akuntan Indonesia (DSAK-IAI) Institute of Indonesia Charterad Accountans and
dan Peraturan Badan Pengawas Pasar Modal dan the Regulation of Capital Market and Financial
Lembaga Keuangan (Bapepam-LK) No. VIII.G.7 Institution Supervisor Board (Bapepam-LK) No.
yang terlampir dalam Keputusan Ketua Bapepam- VIII.G.7 in the Decree of Chairman of Bapepam-LK
LK No. KEP-347/BL/2012 tanggal 25 Juni 2012 No. KEP-347/BL/2012 dated June 25, 2012
tentang “Penyajian dan Pengungkapan Laporan regarding “Presentation and Disclosure of Financial
Keuangan Emiten atau Perusahaan Publik”. Statements of the Issuer or Public Company”.
Informasi keuangan UUS Bank disajikan sesuai The financial information of UUS have been
dengan PSAK 101, “Penyajian Laporan prepared in conformity with PSAK 101, “Sharia
Keuangan Syariah”, PSAK 102, “Akuntansi Financial Statements Presentation”, PSAK 102,
Murabahah”, PSAK 103, “Akuntansi Salam”, “Accounting for Murabahah”, PSAK 103,
PSAK 104, “Akuntansi Istishna”, PSAK 105, “Accounting for Salam”, PSAK 104, “Accounting for
“Akuntansi Mudharabah”, PSAK 106, “Akuntansi Istishna”, PSAK 105, “Accounting for Mudharabah”,
Musyarakah”, dan PSAK 107, “Akuntansi Ijarah” PSAK 106, “Accounting for Musyarakah” and
yang menggantikan PSAK 59 tentang “Akuntansi PSAK 107, “Accounting for Ijarah” which replaces
Perbankan Syariah” yang berkaitan dengan PSAK 59, "Accounting for Sharia Banking",
pengakuan, pengukuran, penyajian dan associated with recognition, measurement,
pengungkapan untuk topik tersebut, PSAK 110 presentation and disclosure for the respective
“Akuntansi Sukuk”, PSAK 111 “Akuntansi Wa’d” topics, PSAK 110 “Accounting for Sukuk”, PSAK
dan PSAK lain selama tidak bertentangan dengan 111 “Accounting for Wa’d” and other PSAK, as
prinsip syariah dan Pedoman Akuntansi long as not contradict with sharia principles and
Perbankan Syariah Indonesia (PAPSI) yang Accounting Guidelines for Indonesian Sharia
diterbitkan oleh Bank Indonesia dan IAI. Banks (PAPSI) issued by Bank Indonesia and IAI.
Laporan keuangan telah disajikan berdasarkan The financial statements have been prepared on a
nilai historis, kecuali disebutkan lain dan disusun historical cost basis, unless otherwise stated, and
dengan dasar akrual (kecuali bagi hasil dari under the accrual basis of accounting (except for
pembiayaan mudharabah dan musyarakah). profit sharing for mudharabah and musyarakah
financing).
13
Page 553
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
a. Basis penyusunan laporan keuangan (lanjutan) a. Basis of preparation of the financial
statements (continued)
Pernyataan kepatuhan (lanjutan) Statement of compliance (continued)
Laporan arus kas disusun dengan menggunakan The statements of cash flows have been
metode langsung dan dikelompokkan atas dasar prepared based on the direct method and have
aktivitas operasi, investasi dan pendanaan. Untuk been classified on the basis of operating,
tujuan laporan arus kas, yang termasuk kas dan investing and financing activities. For the
setara kas terdiri dari kas, giro pada Bank purpose of the statements of cash flows, cash
Indonesia dan bank lain, penempatan pada Bank and cash equivalents consist of cash, current
Indonesia dan bank lain dan Fasilitas Simpanan accounts with Bank Indonesia and other banks,
Bank Indonesia, yang jatuh tempo dalam waktu 3 placements with Bank Indonesia and other banks
(tiga) bulan sejak tanggal perolehan, sepanjang and Bank Indonesia Deposits Facility maturing
tidak digunakan sebagai jaminan atas pinjaman within 3 (three) months from the acquisition date,
yang diterima serta tidak dibatasi penggunaannya. and not used as collateral for borrowing and not
for restricted in use.
Mata uang fungsional dan penyajian Functional and presentation currency
Laporan keuangan disajikan dalam mata uang The financial statements are presented in
Rupiah, yang merupakan mata uang fungsional Rupiah, which is the functional currency of the
Bank. Angka-angka yang disajikan dalam laporan Bank. Unless otherwise stated, all figures
keuangan, kecuali bila dinyatakan secara khusus, presented in the financial statements are
adalah dibulatkan dalam jutaan Rupiah. rounded off to millions of Rupiah.
b. Transaksi dan saldo dalam mata uang asing b. Transaction and balances in foreign currency
Transaksi dalam mata uang asing dijabarkan ke Transactions denominated in foreign currencies
mata uang rupiah dengan menggunakan kurs yang are converted into rupiah at the exchange rates
berlaku pada tanggal transaksi. Pada tanggal prevailing at the dates of the transactions. At the
laporan posisi keuangan, aset dan liabilitas statement of financial position, monetary assets
moneter dalam mata uang asing dijabarkan dengan and liabilities denominated in foreign currencies
menggunakan kurs yang berlaku pada tanggal are translated at the exchange rates prevailing at
laporan posisi keuangan. such date.
Keuntungan dan kerugian selisih kurs yang timbul Exchange gains and losses arising from
dari transaksi dalam mata uang asing dan dari transactions denominated in foreign currencies
penjabaran aset dan liabilitas moneter dalam mata and from the translation of monetary assets and
uang asing diakui dalam laporan laba rugi dan liabilities denominated in foreign currencies are
penghasilan komprehensif lain tahun berjalan. recognized in the statement of profit and loss
and other comprehensive income for the current
year.
Laba atau rugi kurs valuta asing atas aset dan The foreign currency gains or losses on
liabilitas moneter merupakan selisih antara biaya monetary assets and liabilities are the difference
perolehan diamortisasi dalam Rupiah pada awal between amortized cost in Rupiah at the
tahun, disesuaikan dengan tingkat suku bunga beginning of the year, adjusted for effective
efektif dan pembayaran selama tahun berjalan, dan interest rate and payments during the year, and
biaya perolehan diamortisasi dalam valuta asing the amortized cost in foreign currency translated
yang dijabarkan ke dalam Rupiah dengan into Rupiah using the exchange rate at the end
menggunakan kurs pada akhir tahun. of the year.
Aset dan liabilitas non-moneter dalam mata uang Non-monetary assets and liabilities denominated
asing dijabarkan dengan menggunakan kurs pada in foreign currencies are translated using the
tanggal transaksi. exchange rates prevailing at the transaction
date.
14
Page 554
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
b. Transaksi dan saldo dalam mata uang asing b. Transaction and balances in foreign currency
(lanjutan) (continued)
Berikut ini adalah kurs mata uang asing utama Below are the major exchange rates used for
yang digunakan untuk penjabaran dalam rupiah translation into rupiah as of December 31, 2023
pada 31 Desember 2023 dan 2022 yang and 2022 using the middle rates based on Reuters
menggunakan kurs tengah berdasarkan Reuters (at 16.00 hours Western Indonesian Time) (in full
(pukul 16.00 Waktu Indonesia Barat) (dalam amount).
Rupiah penuh).
2023 2022
1 Poundsterling Inggris Raya 19.626 18.786 Great Britain Poundsterling 1/Rp
1 Euro 17.038 16.582 Euro 1/Rp
1 Dolar Amerika Serikat 15.397 15.568 United States Dollar 1/Rp
1 Dolar Singapura 11.676 11.593 Singapore Dollar 1/Rp
1 Dolar Australia 10.521 10.558 Australian Dollar 1/Rp
1 Riyal Saudi Arabia 4.106 4.139 Saudi Arabian Riyal 1/Rp
1 Ringgit Malaysia 3.355 3.534 Malaysian Ringgit 1/Rp
1 Yuan China Renminbi 2.170 2.239 Chinese Yuan Renminbi 1/Rp
1 Dolar Hong Kong 1.970 1.997 Hong Kong Dollar 1/Rp
100 Yen Jepang 10.888 11.800 Japanese Yen 100/Rp
c. Perubahan pada pernyataan standar akuntansi c. Changes to the statements of financial
keuangan dan interpretasi atas Pernyataan accounting standard and interpretations of the
Standar Akuntansi Keuangan Statements of Financial Accounting Standard
Pada tanggal 1 Januari 2023, terdapat standar On 1 January, 2023 there were new standards and
baru dan penyesuaian atau amendemen terhadap adjustments or amendments for several prevailing
beberapa standar yang masih berlaku dan berlaku standards and effective since that date, as follows:
efektif sejak tanggal tersebut yaitu sebagai
berikut:
- Amendemen PSAK 1, “Penyajian Laporan - Amendment to PSAK 1, “Presentation of
Keuangan tentang Klasifikasi Liabilitas Financial Statements concerning Classification
sebagai Jangka Pendek atau Jangka of Liabilities as Short-Term or Long-Term”,
Panjang”, penerapan lebih awal diizinkan. earlier application is permitted. The
Amandemen menentukan persyaratan untuk amendments specify the requirement to classify
mengklasifikasikan kewajiban sebagai lancar liabilities as current or non-current.
atau tidak lancar.
- Amendemen PSAK 25, “Kebijakan - Amendment to PSAK 25, “Accounting Policies,
Akuntansi, Perubahan Estimasi Akuntansi Changes in Accounting Estimates and Error”,
dan Kesalahan”, penerapan lebih awal earlier application is permitted. Amendments to
diizinkan. Amendemen PSAK 25 memberi PSAK 25 provide a new definition of accounting
definisi baru dari estimasi akuntansi dan estimate and an explanation.
penjelasannya.
- Amendemen PSAK 46, “Pajak Penghasilan” - Amendments to PSAK 46, “Income Taxes”
tentang Pajak Tangguhan terkait Aset dan regarding Deferred Tax on Assets and Liabilities
Liabilitas yang timbul dari Transaksi Tunggal, arising from a Single Transaction, earlier
penerapan lebih awal diizinkan. Amendemen application is permitted. This amendment to
PSAK 46 ini mengusulkan agar entitas PSAK 46 proposes that entities recognize
mengakui aset maupun liabilitas pajak deferred tax assets and liabilities upon initial
tangguhan pada saat pengakuan awalnya recognition, for example from lease
misalnya dari transaksi sewa, untuk transactions, to eliminate differences in practice
menghilangkan perbedaan praktik di in the field for such transactions and similar
lapangan atas transaksi tersebut dan transactions.
transaksi serupa.
15
Page 555
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
c. Perubahan pada pernyataan standar akuntansi c. Changes to the statements of financial
keuangan dan interpretasi atas Pernyataan accounting standard and interpretations of the
Standar Akuntansi Keuangan (lanjutan) Statements of Financial Accounting Standard
(continued)
Implementasi dari standar-standar tersebut tidak The implementation of the above standards did not
menghasilkan perubahan substansial terhadap result in substantial changes to the Bank’s
kebijakan akuntansi Bank dan tidak memiliki accounting policies and had no material impact to
dampak yang material terhadap laporan the consolidated financial statements for current or
keuangan di periode berjalan atau tahun prior financial periods.
sebelumnya.
d. Aset dan liabilitas keuangan d. Financial assets and liabilities
Aset keuangan Bank terutama terdiri dari kas, giro The Bank’s financial assets mainly consist of cash,
pada Bank Indonesia, giro pada bank lain, current accounts with Bank Indonesia, current
penempatan pada Bank Indonesia dan bank lain, accounts with other banks, placements with Bank
surat berharga, surat berharga yang dijual dengan Indonesia and other banks, marketable securities,
janji dibeli kembali, surat berharga yang dibeli marketable securities sold under repurchased
dengan janji dijual kembali, tagihan lainnya, kredit agreement, marketable securities purchased under
yang diberikan dan pembiayaan syariah dan resale agreement (reverse repo), other receivables,
pendapatan bunga yang masih akan diterima. loans and sharia financing and interest receivables.
Sesuai PSAK 71, terdapat 3 (tiga) klasifikasi In accordance with PSAK 71, there are 3 (three)
pengukuran aset keuangan yaitu biaya perolehan measurement classifications for financial assets:
diamortisasi, diukur pada nilai wajar melalui laba amortized cost, fair value through profit or loss
rugi (FVTPL) dan diukur pada nilai wajar melalui (FVTPL) and fair value through other comprehensive
pendapatan komprehensif lainnya (FVOCI). income (FVOCI).
Aset keuangan diklasifikasikan menjadi kategori Financial assets are classified into these categories
tersebut di atas berdasarkan model bisnis dimana based on the business model within which they are
aset keuangan tersebut dimiliki dan karakteristik held and their contractual cash flow characteristics.
arus kas kontraktualnya. Model bisnis The business model reflects how group of financial
merefleksikan bagaimana kelompok aset assets are managed to achieve particular business
keuangan dikelola untuk mencapai tujuan bisnis objective.
tertentu.
Liabilitas keuangan Bank terutama terdiri dari The Bank’s financial liabilities mainly consist of
simpanan dari nasabah, simpanan dari bank lain, deposits from customers, deposits from other banks,
liabilitas surat berharga yang dijual dengan janji liabilities of marketable securities sold under
dibeli kembali dan pinjaman yang diterima. repurchase agreements and borrowings.
16
Page 556
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
1) Klasifikasi 1) Classification
Aset keuangan dapat diukur dengan biaya A financial asset is measured at amortized cost
perolehan diamortisasi hanya jika memenuhi only if it meets both of the following conditions
kedua kondisi berikut dan tidak ditetapkan and is not designated as FVTPL:
sebagai FVTPL:
- Aset keuangan dikelola dalam model - The financial assets are managed in a
bisnis yang bertujuan untuk memiliki aset business model which objective is to hold
keuangan dalam rangka mendapatkan the asset to obtain contractual cash flows;
arus kas kontraktual; dan and
- Persyaratan kontraktual dari aset - Its contractual terms of the financial assets
keuangan tersebut memberikan hak pada provide rights on a specified date for cash
tanggal tertentu atas arus kas yang flows obtained solely from payments of
diperoleh semata dari pembayaran pokok principal and interest (SPPI) on the principal
dan bunga (SPPI) dari jumlah pokok amount outstanding.
terutang.
Aset keuangan diklasifikasikan sebagai FVOCI Financial assets are classified as FVOCI if they
jika memenuhi kondisi berikut: meet the following condition:
- Aset keuangan dikelola dalam model bisnis - The financial assets are managed in a
yang bertujuan untuk mendapatkan arus business model which objective is to obtain
kas kontraktual dan menjual aset contractual cash flows and sell the financial
keuangan; dan asset; and
- Persyaratan kontraktual dari aset - The contractual requirements of the financial
keuangan tersebut memenuhi kriteria assets meet the SPPI criteria.
SPPI.
Aset keuangan lainnya yang tidak memenuhi Financial assets that do not meet the
persyaratan untuk diklasifikasikan sebagai requirements to be classified as financial assets
aset keuangan yang diukur pada biaya measured at amortized cost or FVOCI, are
perolehan diamortisasi atau FVOCI, classified as FVTPL.
diklasifikasikan sebagai FVTPL.
Aset keuangan tidak boleh direklasifikasi Financial assets are not permitted to be
setelah pengakuan awal. reclassified subsequently to their initial
recognition.
Liabilitas keuangan diklasifikasikan ke dalam Financial liabilities are classified into the
kategori sebagai berikut pada saat pengakuan following categories on initial recognition:
awal:
- Diukur pada nilai wajar melalui laba rugi, - Fair value through profit or loss, which has
yang memiliki 2 (dua) sub-klasifikasi, yaitu 2 (two) sub-classifications, i.e. financial
liabilitas keuangan yang ditetapkan liabilities designated as such upon initial
demikian pada saat pengakuan awal dan recognition and financial liabilities
liabilitas keuangan dipersyaratkan diukur mandatorily classified as fair value through
pada nilai wajar melalui laba rugi; dan profit or loss; and
- Liabilitas keuangan lainnya merupakan - Other financial liabilities pertain to financial
liabilitas keuangan yang tidak dimiliki untuk liabilities that are not held for trading nor
dijual atau ditentukan sebagai nilai wajar designated as at fair value through profit or
melalui laba rugi saat pengakuan liabilitas. loss upon recognition of the liability.
17
Page 557
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
2) Pengakuan dan pengukuran awal 2) Recognition and initial measurement
Semua aset atau liabilitas keuangan pada All financial assets or liabilities are measured
saat pengakuan awal diukur sebesar nilai initially at their fair value plus transaction
wajarnya ditambah biaya transaksi, kecuali costs, except for financial assets and financial
untuk aset keuangan dan liabilitas keuangan liabilities measured at fair value through profit
yang diukur pada nilai wajar melalui laba or loss, transaction costs are recognized
rugi, dimana biaya transaksi diakui langsung directly in profit or loss.
dalam laba rugi.
Pembelian dan penjualan aset keuangan Regular way purchases and sales of financial
yang lazim (regular), diakui pada tanggal assets are recognized on the trade date at
perdagangan dimana Bank memiliki which the Bank commits to purchase or sell
komitmen untuk membeli atau menjual aset those assets.
tersebut.
Semua aset dan liabilitas keuangan lainnya All other financial assets and liabilities are
pada awalnya diakui pada tanggal initially recognized on the trade date at which
perdagangan dimana Bank menjadi suatu the Bank becomes a party to the contractual
pihak dalam ketentuan kontraktual instrumen provisions of the instrument.
tersebut.
Biaya transaksi hanya meliputi biaya-biaya Transaction costs include only those costs that
yang dapat diatribusikan secara langsung are directly attributable to the acquisition of a
untuk perolehan suatu aset keuangan atau financial asset or issuance of a financial
penerbitan suatu liabilitas keuangan dan liability and are incremental costs that would
merupakan biaya tambahan yang tidak akan not have been incurred if the financial
terjadi apabila instrumen keuangan tersebut instruments had not been acquired or issued.
tidak diperoleh atau diterbitkan. Untuk aset In the case of financial assets, transaction
keuangan, biaya transaksi ditambahkan pada costs are added to the amount recognized
jumlah yang diakui pada awal pengakuan initially, while for financial liabilities, transaction
aset, sedangkan untuk liabilitas keuangan, costs are deducted from the amount of liability
biaya transaksi dikurangkan dari jumlah recognized initially.
liabilitas yang diakui pada awal pengakuan
liabilitas.
Biaya transaksi tersebut diamortisasi selama Such transaction costs are amortized over the
umur instrumen berdasarkan metode suku terms of the instruments based on the effective
bunga efektif dan dicatat sebagai bagian dari interest method and are recorded as part of
pendapatan bunga untuk biaya transaksi interest income for transaction costs related to
sehubungan dengan aset keuangan atau financial assets or interest expenses for
sebagai bagian dari beban bunga untuk transaction costs related to financial liabilities.
biaya transaksi sehubungan dengan liabilitas After initial recognition, the Bank measures
keuangan. Setelah pengakuan awal, Bank financial assets, according to the classification
mengukur aset keuangan, sesuai dengan of financial assets at (i) amortized cost; (ii) Fair
klasifikasi aset keuangan pada; (i) Biaya value through other comprehensive income; or
perolehan diamortisasi; (ii) Nilai wajar melalui (iii) Fair value through profit or loss.
penghasilan komprehensif lain; atau (iii) Nilai
wajar melalui laba rugi.
Aset keuangan pada biaya perolehan Financial assets at amortized cost are
diamortisasi diukur dengan menjumlahkan measured by adding up the financial assets
aset keuangan yang diukur saat pengakuan measured at initial recognition minus principal
awal dikurangi pembayaran pokok, ditambah payments, added or reduced by cumulative
atau dikurangi dengan amortisasi kumulatif amortization using the effective interest method
menggunakan metode bunga efektif yang calculated from the difference between the
dihitung dari selisih antara nilai awal dan nilai initial value and the maturity value and
jatuh temponya dan disesuaikan dengan adjusted for the allowance for losses.
penyisihan kerugiannya.
18
Page 558
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
2) Pengakuan dan pengukuran awal (lanjutan) 2) Recognition and initial measurement
(continued)
Keuntungan atau kerugian akibat fluktuasi nilai Gains or losses due to fluctuations in fair value
wajar tidak diakui aset keuangan pada biaya are not recognized financial assets at amortized
perolehan diamortisasi. cost.
Pendapatan bunga dihitung menggunakan Interest income is calculated using the effective
metode bunga efektif yaitu dengan interest method by applying an effective interest
menerapkan suku bunga efektif atas jumlah rate to the gross carrying amount of financial
tercatat bruto aset keuangan, kecuali untuk: assets, except for:
a) aset keuangan yang dibeli atau yang a) financial assets purchased or originating
berasal dari aset keuangan memburuk. from financial assets deteriorate. For these
Untuk aset keuangan tersebut, Bank financial assets, the Bank applies an
menerapkan suku bunga efektif yang effective interest rate adjusted by credit for
disesuaikan dengan kredit atas biaya the amortized cost of the financial assets
perolehan diamortisasi aset keuangan from initial recognition.
sejak pengakuan awal.
b) aset keuangan yang tidak dibeli atau b) financial assets that are not purchased or
yang berasal dari aset keuangan that originate from financial assets
memburuk tetapi selanjutnya menjadi deteriorate but subsequently become
aset keuangan memburuk. Untuk aset financial assets deteriorate. For these
keuangan tersebut, Bank menerapkan financial assets, the Bank applies an
suku bunga efektif atas biaya perolehan effective interest rate on the amortized cost
diamortisasi aset keuangan di periode of the financial assets in the next reporting
pelaporan selanjutnya. period.
Setelah pengakuan awal, Bank mengukur After initial recognition, the Bank measures
liabilitas keuangan, sesuai dengan klasifikasi financial liabilities, according to the classification
aset keuangan pada: (i) Biaya perolehan of financial assets at: (i) Amortized cost; or (ii)
diamortisasi; atau (ii) Nilai wajar melalui laba Fair value through profit or loss.
rugi.
Untuk liabilitas keuangan yang diukur pada For financial liabilities measured at profit or loss,
laba rugi, keuntungan dan kerugian diakui pada gains and losses are recognized in profit or loss.
laba rugi. Terdapat pengecualian pada kasus There are exceptions in the case of financial
liabilitas keuangan ditetapkan sebagai FVTPL liabilities designated as FVTPL where changes
dimana perubahan risiko kredit liabilitas diakui in credit liability risks are recognized in other
pada penghasilan komprehensif lain dengan comprehensive income with other gains and
keuntungan dan kerugian lainnya diakui pada losses recognized in profit or loss.
laba rugi.
Setelah pengakuan awal, liabilitas keuangan After initial recognition, financial liabilities at
yang diukur pada FVTPL diukur pada nilai FVTPL are measured at its fair value. Gains or
wajarnya. Keuntungan atau kerugian yang losses arising from a change in the fair value are
timbul dari perubahan nilai wajar diakui dalam recognized in profit or loss.
laba rugi.
3) Penghentian pengakuan 3) Derecognition
Bank menghentikan pengakuan aset keuangan The Bank derecognizes a financial asset when
pada saat hak kontraktual atas arus kas yang the contractual rights to the cash flows from the
berasal dari aset keuangan tersebut financial asset expire or when the Bank
kadaluwarsa atau pada saat Bank mentransfer transfers the rights to receive the contractual
seluruh hak untuk menerima arus kas cash flows on the financial asset in a transaction
kontraktual dari aset keuangan dalam transaksi in which substantially all the risks and rewards
dimana Bank secara substansial telah of ownership of the financial asset are
mentransfer seluruh risiko dan manfaat atas transferred.
kepemilikan aset keuangan.
19
Page 559
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
3) Penghentian pengakuan (lanjutan) 3) Derecognition (continued)
Setiap hak atau kewajiban yang timbul atau Any interest in transferred financial assets that
yang masih dimiliki oleh Bank diakui sebagai is created or retained by the Bank is
aset atau liabilitas secara terpisah. recognized as a separate asset or liability.
Bank menghentikan pengakuan liabilitas The Bank derecognizes a financial liability
keuangan pada saat kewajiban yang when its contractual obligations are
ditetapkan dalam kontrak dilepaskan atau discharged or cancelled or expired.
dibatalkan atau kadaluarsa.
Dalam transaksi dimana Bank secara In transaction in which the Bank neither
substansial tidak memiliki atau tidak retains nor transfers substantially all the risks
mentransfer seluruh risiko dan manfaat atas and rewards of ownership of a financial asset,
kepemilikan aset keuangan, Bank the Bank derecognizes the asset if it does not
menghentikan pengakuan aset tersebut jika retain control over the asset. The rights and
Bank tidak lagi memiliki pengendalian atas obligations retained in the transfer are
aset tersebut. Hak dan kewajiban yang masih recognized separately as assets and liabilities
dimiliki dalam transfer tersebut diakui secara as appropriate. In transfers in which control
terpisah sebagai aset atau liabilitas. Dalam over the asset is retained, the Bank continues
transfer dimana pengendalian atas aset to recognize the asset to the extent of its
masih dimiliki, Bank tetap mengakui aset continuing involvement, determined by
yang ditransfer tersebut sebesar keterlibatan theextent to which it is exposed to changes in
berkelanjutan Bank yang ditentukan dengan the value of the transferred asset.
seberapa jauh Bank terekspos terhadap
perubahan nilai aset yang ditransfer.
Bank menghapusbukukan aset keuangan The Bank writes off financial assets and any
dan cadangan kerugian penurunan nilai related allowance for impairment losses when
terkait pada saat Bank menentukan bahwa the Bank determines that those financial
aset keuangan tersebut tidak dapat ditagih. assets are uncollectible. The decision is
Keputusan ini diambil setelah Bank reached after Bank had undertaken various
melakukan berbagai upaya untuk efforts to obtain back the financial asset as
memperoleh kembali aset keuangan tersebut well as considering information such as the
serta mempertimbangkan informasi seperti occurrence of significant changes in the
telah terjadinya perubahan signifikan pada financial position of borrower/financial asset
posisi keuangan debitur/penerbit aset issuer such that the borrower/financial asset
keuangan sehingga debitur/penerbit aset issuer can no longer pay the obligation or that
keuangan tidak lagi dapat melunasi proceeds from collateral will not be sufficient
kewajibannya atau hasil penjualan agunan to pay back the entire exposure.
tidak akan cukup untuk melunasi seluruh
eksposur yang diberikan.
4) Saling hapus 4) Offsetting
Aset keuangan dan liabilitas keuangan dapat Financial assets and financial liabilities are set
saling hapus dan nilai bersihnya disajikan off and the net amount is presented in the
dalam laporan posisi keuangan jika, dan statement of financial position when, and only
hanya jika, Bank memiliki hak yang dapat when, the Bank has a legally enforceable right
dipaksakan secara hukum untuk melakukan to set off the amounts and intends either to
saling hapus atas jumlah yang telah diakui settle on a net basis or realize the asset and
tersebut dan berniat untuk menyelesaikan settle the liability simultaneously.
secara neto atau untuk merealisasikan aset
dan menyelesaikan liabilitasnya secara
simultan.
Pendapatan dan beban disajikan dalam Income and expenses are presented on a net
jumlah bersih hanya jika diperkenankan oleh basis only when permitted by accounting
standar akuntansi. standards.
20
Page 560
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
5) Pengukuran biaya perolehan diamortisasi 5) Amortized cost measurement
Biaya perolehan diamortisasi dari aset atau The amortized cost of a financial asset or
liabilitas keuangan adalah jumlah aset atau liability is the amount at which the financial
liabilitas keuangan yang diukur pada saat asset or liability is measured at initial
pengakuan awal, dikurangi pembayaran pokok, recognition, minus principal repayments, plus or
ditambah atau dikurangi dengan amortisasi minus the cumulative amortization using the
kumulatif dengan menggunakan metode suku effective interest method of any difference
bunga efektif yang dihitung dari selisih antara between the initial amount recognized and the
nilai awal dan nilai jatuh temponya, dan untuk maturity amount and adjusted for any expected
aset keuangan disesuaikan dengan cadangan credit loss allowance. The gross carrying
kerugian kredit ekspektasian. Nilai tercatat amount of a financial asset is the amortized cost
bruto aset keuangan merupakan biaya of a financial asset before adjusting for any
perolehan diamortisasi aset keuangan sebelum expected credit loss allowance.
disesuaikan dengan cadangan kerugian kredit
ekspektasian.
Tingkat suku bunga efektif adalah suku bunga The effective interest rate is the rate that exactly
yang secara tepat mendiskontokan estimasi discounts the estimated future cash flows
arus kas di masa datang selama perkiraan through the expected life of the financial asset
umur dari aset keuangan atau liabilitas or financial liability (or, where appropriate, a
keuangan (atau jika lebih tepat, digunakan shorter period), to the gross carrying amount of
periode yang lebih singkat), atas nilai tercatat the financial asset (when the asset is not credit-
bruto aset keuangan (ketika aset tidak impaired) or to the amortized cost of the
mengalami penurunan nilai) atau pada biaya financial liability. When calculating the effective
perolehan diamortisasi untuk liabilitas interest rate, the Bank estimates future cash
keuangan. Pada saat menghitung tingkat suku flows considering all contractual terms of the
bunga efektif, Bank mengestimasi arus kas di financial instrument (for example prepayment
masa datang dengan mempertimbangkan options), but does not consider any future credit
seluruh ketentuan kontraktual dalam instrumen losses. For purchased or originated credit-
keuangan tersebut (antara lain opsi pelunasan impaired financial assets, a credit-adjusted
dipercepat), namun tidak mempertimbangkan effective interest rate is calculated using
kerugian kredit di masa mendatang. Untuk aset estimated future cash flows including ECL.
keuangan yang dibeli atau yang berasal dari
aset keuangan memburuk, suku bunga efektif
yang disesuaikan dengan risiko kredit dihitung
dengan menggunakan arus kas di masa
datang termasuk ECL.
Perhitungan suku bunga efektif mencakup The calculation of the effective interest rate
biaya transaksi dan seluruh provisi yang includes transaction costs and all fees paid or
dibayarkan atau diterima yang merupakan received that are an integral part of the effective
bagian tak terpisahkan dari suku bunga efektif. interest rate.
6) Pengukuran nilai wajar 6) Fair value measurement
Nilai wajar adalah harga yang akan diterima Fair value is the price that would be received to
untuk menjual suatu aset atau harga yang sell an asset or paid to transfer a liability in an
akan dibayar untuk mengalihkan suatu liabilitas orderly transaction between market participants
dalam transaksi teratur (orderly transaction) at the measurement date in the principal market
antara pelaku pasar (market participants) pada or, in its absence, the most advantageous
tanggal pengukuran di pasar utama atau, jika market to which the Bank has access at that
tidak terdapat pasar utama, di pasar yang date. The fair value of a liability reflects its non-
paling menguntungkan dimana Bank memiliki performance risk.
akses pada tanggal tersebut. Nilai wajar
liabilitas mencerminkan risiko wanprestasinya.
21
Page 561
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
6) Pengukuran nilai wajar (lanjutan) 6) Fair value measurement (continued)
Jika tersedia, Bank mengukur nilai wajar When available, the Bank measures the fair
instrumen keuangan dengan menggunakan value of a financial instrument using the
harga kuotasian di pasar aktif untuk instrumen quoted price in an active market for that
tersebut. Suatu pasar dianggap aktif jika instrument. A market is regarded as active if
transaksi atas aset dan liabilitas terjadi dengan transactions for the asset or liability take
frekuensi dan volume yang memadai untuk place with sufficient frequency and volume to
menyediakan informasi penentuan harga provide pricing information on an ongoing
secara berkelanjutan. basis.
Jika harga kuotasian tidak tersedia di pasar If there is no quoted price in an active market,
aktif, Bank menggunakan teknik penilaian then the Bank uses valuation techniques that
dengan memaksimalkan penggunaan input maximize the use of relevant observable
yang dapat diobservasi dan relevan dan inputs and minimize the use of unobservable
meminimalkan penggunaan input yang tidak inputs. The chosen valuation technique
dapat diobservasi. Teknik penilaian yang incorporates all of the factors that market
dipilih menggabungkan semua faktor yang participants would take into account in pricing
diperhitungkan oleh pelaku pasar dalam a transaction.
penentuan harga transaksi.
Bukti terbaik atas nilai wajar instrumen The best evidence of the fair value of a
keuangan pada saat pengakuan awal adalah financial instrument at initial recognition is
harga transaksi, yaitu nilai wajar dari normally the transaction price, i.e., the fair
pembayaran yang diberikan atau diterima. Jika value of the consideration given or received.
Bank menetapkan bahwa nilai wajar pada If the Bank determines that the fair value at
pengakuan awal berbeda dengan harga initial recognition differs from the transaction
transaksi dan nilai wajar tidak dapat dibuktikan price and the fair value is evidenced neither
dengan harga kuotasian di pasar aktif untuk by a quoted price in an active market for an
aset atau liabilitas yang identik atau identical asset or liability nor based on a
berdasarkan teknik penilaian yang hanya valuation technique that uses only data from
menggunakan data dari pasar yang dapat observable markets, then the financial
diobservasi, maka nilai wajar instrumen instrument is initially measured at fair value,
keuangan pada saat pengakuan awal adjusted to defer the difference between the
disesuaikan untuk menangguhkan perbedaan fair value at initial recognition and the
antara nilai wajar pada saat pengakuan awal transaction price. Subsequently, that
dan harga transaksi. Setelah pengakuan awal, difference is recognized in profit or loss on
perbedaan tersebut diakui dalam laba rugi an appropriate basis over the life of the
berdasarkan umur dari instrumen tersebut instrument but no later than when the
namun tidak lebih lambat dari saat penilaian valuation is wholly supported by observable
tersebut didukung sepenuhnya oleh data market data or the transaction is closed out.
pasar yang dapat diobservasi atau saat
transaksi ditutup.
Jika aset atau liabilitas yang diukur pada nilai If an asset or a liability measured at fair
wajar memiliki harga penawaran dan harga value has a bid price and an ask price, then
permintaan, maka Bank mengukur aset dan the Bank measures assets and long
jangka panjang berdasarkan harga penawaran positions at a bid price and liabilities and
dan mengukur liabilitas dan jangka pendek short positions at an ask prices.
berdasarkan harga permintaan.
Portofolio aset keuangan dan liabilitas Portfolios of financial assets and financial
keuangan yang diukur pada nilai wajar, yang liabilities measured at fair value, that are
terekspos risiko pasar dan risiko kredit yang exposed to market risk and credit risk that
dikelola oleh Bank berdasarkan eksposur are managed by the Bank on the basis of the
netonya baik terhadap risiko pasar ataupun net exposure to either market or credit risk,
risiko kredit diukur berdasarkan harga yang are measured on the basis of a price that
akan diterima untuk menjual posisi net long would be received to sell a net long position
(atau dibayar untuk mengalihkan posisi net (or paid to transfer a net short position) for a
short) untuk eksposur risiko tertentu. particular risk exposure.
22
Page 562
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
6) Pengukuran nilai wajar (lanjutan) 6) Fair value measurement (continued)
Penyesuaian pada level portofolio tersebut Those portfolio-level adjustments are
dialokasikan pada aset dan liabilitas individual allocated to the individual assets and
berdasarkan penyesuaian risiko relatif dari liabilities on the basis of the relative risk
masing-masing instrumen individual di dalam adjustment of each of the individual
portofolio. instruments in the portfolio.
e. Transaksi dengan pihak-pihak berelasi e. Transactions with related parties
Dalam menjalankan usahanya, Bank melakukan In the normal course of its business, the Bank enters
transaksi dengan pihak-pihak berelasi seperti into transactions with related parties which are
yang didefinisikan dalam PSAK 7 (Revisi 2015) defined under PSAK 7 (Revised 2015), “Related
tentang “Pengungkapan Pihak-pihak Berelasi”. Party Disclosures”.
Yang dimaksud dengan pihak yang berelasi The meaning of a related party is a person or entity
adalah orang atau entitas yang berelasi dengan that is related to a reporting entity as follow:
entitas pelapor sebagai berikut:
i. Orang atau anggota keluarga terdekat i. A person or a close member of that person’s
mempunyai relasi dengan entitas pelapor jika family is related to a reporting entity if that
orang tersebut: person:
a) memiliki pengendalian atau a) has control or joint control over the reporting
pengendalian bersama atas entitas entity;
pelapor;
b) memiliki pengaruh signifikan atas b) has significant influence over the reporting
entitas pelapor; atau entity; or
c) personil manajemen kunci entitas c) a member of the key management
pelapor atau entitas induk dari entitas personnel of the reporting entity or of a
pelapor. parent of the reporting entity.
ii. Satu entitas berelasi dengan entitas ii. An entity is related to the reporting entity if any
pelapor jika memenuhi salah satu hal of the following conditions applies:
berikut:
a) Entitas dan entitas pelapor adalah a) The entity and the reporting entity are
anggota dari kelompok usaha yang members of the same Bank and its
sama (artinya entitas induk, entitas subsidiaries (which means that each parent,
anak, dan entitas anak berikutnya subsidiary and fellow subsidiary is related to
terkait dengan entitas lainnya); the others);
b) Satu entitas adalah entitas asosiasi b) One entity is an associate or joint venture of
atau ventura bersama dari entitas lain the other entity (or an associate or joint
(atau entitas asosiasi atau ventura venture of a member of a Bank and its
bersama yang merupakan anggota subsidiaries of which the other entity is a
suatu kelompok usaha, yang tersebut member);
adalah anggotanya);
c) Kedua entitas tersebut adalah ventura c) Both entities are joint ventures of the same
bersama dari pihak ketiga yang sama; third party;
d) Satu entitas adalah ventura bersama d) One entity is a joint venture of a third entity
dari entitas ketiga dan entitas yang lain and the other entity is an associate of the
adalah entitas asosiasi dari entitas third entity;
ketiga;
e) Entitas tersebut adalah suatu program e) The entity is a post-employment benefit plan
imbalan pasca kerja untuk imbalan for the benefit of employees of either the
kerja dari salah satu entitas pelapor reporting entity, or an entity related to the
atau entitas yang terkait dengan entitas reporting entity;
pelapor;
f) Entitas yang dikendalikan atau f) The entity is controlled or jointly controlled
dikendalikan bersama oleh orang yang by a person identified in (a);
diidentifikasi dalam huruf (i);
23
Page 563
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
e. Transaksi dengan pihak-pihak berelasi e. Transactions with related parties (continued)
(lanjutan)
g) Orang yang diidentifikasi dalam huruf g) A person identified in (a). (1) has significant
(i). (a) memiliki pengaruh signifikan influence over the entity or is a member of
atas entitas atau personil manajemen the key management personnel of the entity
kunci entitas (atau entitas induk dari (or a parent of the entity); or
entitas); atau
h) Entitas atau anggota dari kelompok h) The entity or any members of a Bank and its
yang mana entitas merupakan bagian subsidiaries of which it is a part, provides
dari kelompok tersebut, menyediakan key management personnel service to the
jasa personil manajemen kunci kepada reporting entity or to the parent of the
entitas pelapor atau kepada entitas reporting entity.
induk dari entitas pelapor.
Transaksi dengan pihak-pihak berelasi dilakukan Transactions with related parties are made on the
dengan syarat dan kondisi yang sama dengan same term and conditions as those transactions with
transaksi-transaksi dengan pihak ketiga. Transaksi third parties. All transaction done by Bank have
yang dilakukan Bank telah memenuhi Peraturan complied with Financial Services Authority
Otoritas Jasa Keuangan (POJK) Regulation (POJK) No.42/POJK.04/2020 about
No.42/POJK.04/2020 tentang “Transaksi Afiliasi “Affiliated Transactions and Conflict of Interest
dan Transaksi Benturan Kepentingan”. Transactions”.
Seluruh transaksi dan saldo yang material dengan All material transactions and balances with related
pihak berelasi diungkapkan dalam catatan atas parties are disclosed in the relevant notes to the
laporan keuangan yang relevan dan rinciannya financial statements and the detail is presented in
disajikan dalam (Catatan 40). (Note 40).
f. Kas dan setara kas f. Cash and cash equivalents
Kas dan setara kas dalam laporan arus kas terdiri Cash and cash equivalents presented in the
dari kas, giro pada Bank Indonesia dan bank lain, statements of cash flows consist of cash, current
penempatan pada Bank Indonesia dan bank lain accounts with Bank Indonesia and other banks,
dan Sertifikat Bank Indonesia, yang jatuh tempo placements with Bank Indonesia and other banks
dalam waktu 3 (tiga) bulan sejak tanggal and Bank Indonesia Certificates Facility maturing
perolehan, sepanjang tidak digunakan sebagai within 3 (three) months from the acquisition date,
jaminan atas pinjaman yang diterima serta tidak and not used as collateral for borrowing and not
dibatasi penggunaannya. restricted in use.
g. Giro pada Bank Indonesia dan bank lain g. Current accounts with Bank Indonesia and other
banks
Giro pada Bank Indonesia dan bank lain Current accounts with Bank Indonesia and other
dinyatakan sebesar biaya perolehan diamortisasi banks are stated at amortized cost using the
menggunakan metode suku bunga efektif dikurangi effective interest rate method less an allowance for
penyisihan kerugian penurunan nilai. Giro pada impairment losses. Current accounts with Bank
Bank Indonesia dan bank lain diklasifikasikan Indonesia and other banks are classified as
sebagai biaya perolehan diamortisasi. amortized cost.
h. Penempatan pada Bank Indonesia dan bank h. Placements with Bank Indonesia and other
lain banks
Penempatan pada Bank Indonesia dan bank lain Placement with Bank Indonesia and other banks
terdiri dari Fasilitas Simpanan Bank Indonesia consists of Bank Indonesia Deposit Facility (FASBI),
(FASBI), call money dan deposito berjangka. call money and time deposits.
Penempatan pada Bank Indonesia dan bank lain Placements with Bank Indonesia and other banks
dinyatakan sebesar biaya perolehan diamortisasi are stated at amortized cost using the effective
menggunakan metode suku bunga efektif dikurangi interest rate method less an allowance for
penyisihan kerugian penurunan nilai. Penempatan impairment losses. Placements with Bank Indonesia
pada Bank Indonesia dan bank lain diklasifikasikan and other banks are classified as amortized cost.
sebagai biaya perolehan diamortisasi.
24
Page 564
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
i. Surat berharga i. Marketable securities
Surat berharga yang dimiliki terdiri dari Surat utang Marketable securities consist of Government bonds,
negara, obligasi korporasi, reksadana, Surat corporate bonds, mutual funds, domestic L/C, export
Keterangan Berdokumen Dalam Negeri (SKBDN), bills receivable, interbank mudarabah investment
tagihan wesel ekspor, sertifikat investasi certificate, NCD, sukuk, other money market and
mudharabah antar bank, NCD, sukuk, surat capital market securities.
berharga pasar uang dan pasar modal lainnya.
Surat utang negara terdiri dari surat utang yang Government bonds are bonds issued by the
diterbitkan oleh Pemerintah Indonesia yang Government of Indonesia acquired through the
diperoleh melalui pasar perdana dan sekunder. primary and secondary markets.
Surat-surat berharga pada awalnya disajikan Marketable securities are initially measured at fair
sebesar nilai wajarnya. Setelah pengakuan awal, value. After the initial recognition, the marketable
surat-surat berharga dicatat sesuai dengan securities are recorded according to their category,
kategorinya yaitu yang diukur pada nilai wajar i.e., fair value through other comprehensive
melalui penghasilan komprehensif lain, investasi income, amortized cost investments or at fair value
pada biaya perolehan diamortisasi atau berdasarkan through profit or loss.
nilai wajar melalui laba atau rugi.
Penilaian surat berharga didasarkan atas The value of marketable securities is stated based
klasifikasinya sebagai berikut: on the classification as follows:
1) Surat berharga yang dicatat pada biaya 1) Amortized cost marketable securities are
perolehan yang diamortisasi menggunakan carried at amortized cost using the effective
metode suku bunga efektif. interest rate method.
2) Surat berharga yang dimiliki untuk 2) Marketable securities classified as held-for-
diperdagangkan dan yang ditetapkan pada nilai trading and designated at fair value through
wajar melalui laba rugi pada saat pengakuan profit or loss on initial recognition are stated at
awal dinyatakan pada nilai wajar. Keuntungan fair value. Gains and losses from changes in
dan kerugian yang timbul dari perubahan nilai fair value are recognized in the statements of
wajar diakui dalam laporan laba rugi dan profit or loss and other comprehensive income.
penghasilan komprehensif lain.
3) Surat berharga yang diklasifikasikan pada nilai 3) Marketable securities classified as fair value
wajar melalui penghasilan komprehensif lain through other comprehensive income
dinyatakan pada nilai wajar. Pendapatan bunga investments are stated at fair value. Interest
diakui dalam laporan laba rugi dan penghasilan income is recognized in the statements of profit
komprehensif lain menggunakan metode suku or loss and other comprehensive income using
bunga efektif. Laba atau rugi selisih kurs atas the effective interest rate method. Foreign
surat berharga yang tersedia untuk dijual diakui exchange gains or losses on available-for-sale
pada laporan laba rugi dan penghasilan marketable securities are recognized in the
komprehensif lain. statements of profit or loss and other
comprehensive income.
Perubahan nilai wajar lainnya diakui secara Other fair value changes are recognized directly
langsung dalam ekuitas sampai dengan surat-surat in equity until the marketable securities are sold or
berharga tersebut dijual atau mengalami impaired, whereby the cumulative gains and
penurunan nilai, dimana keuntungan dan kerugian losses previously recognized in equity are
kumulatif yang sebelumnya diakui dalam ekuitas recognized in the statements of profit or loss and
harus diakui pada laporan laba rugi dan other comprehensive income.
penghasilan komprehensif lain.
Aset Keuangan Sukuk Sukuk Financial Assets
Bank menerapkan PSAK No.110 "Investasi Sukuk" The Bank applies PSAK No.110 “Sukuk
yang mengatur mengenai pengakuan, pengukuran, Investment" which regulate about recognition,
penyajian, dan pengungkapan transaksi sukuk measurement, presentation, and disclosure
ijarah dan sukuk mudharabah. transaction of sukuk ijarah and sukuk
mudharabah.
25
Page 565
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
i. Surat berharga (lanjutan) i. Marketable securities (continued)
1) Diukur pada biaya perolehan 1) Measured at cost
a) Investasi tersebut dimiliki dalam suatu a) The investment is held in abusiness model
model usaha yang bertujuan utama untuk whereby the primary goal is to obtain
memperoleh arus kas kontraktual dan contractual cash flows and has contractual
terdapat persyaratan kontraktual dalam term in determining the specific date of
menentukan tanggal tertentu atas principal payments and or the results.
pembayaran pokok dan atau hasilnya.
b) Biaya perolehan sukuk termasuk biaya b)
Sukuk acquisition cost includes transaction
transaksi. cost.
c) Selisih antara biaya perolehan dan nilai c) The difference between the acquisition cost
nominal diamortisasi secara garis lurus and the nominal value is amortized on a
selama jangka waktu sukuk. straight line basis over the period of the
sukuk.
d) Rugi penurunan nilai diakui jika jumlah d) Impairment loss is recognized if the recovable
terpulihkan lebih kecil dari jumlah tercatat amount is less than the carrying amount and
dan disajikan sebagai rugi penurunan nilai is presented as an impairment loss in the
di dalam laba rugi. profit or loss.
2) Diukur pada nilai wajar 2) Measured at fair value
a) Nilai wajar ditentukan dengan mengacu a) The fair value is determined withreference to
pada urutan sebagai berikut: the following order:
- Kuotasi harga di pasar aktif. - Price quotation in active market.
- Harga yang terjadi dari transaksi terkini, - Price from the current transaction, if there
apabila tidak ada kuotasi harga di pasar is no available price quotations in an
aktif. active market.
- Nilai wajar instrumen sejenis, apabila - Fair value of similar instrument, if there is
tidak ada kuotasi harga di pasar aktif, dan no available price quotations in an active
tidak ada harga yang terjadi dari transaksi market and no price from the current
terkini. transaction.
b) Biaya perolehan sukuk tidak termasuk b) Sukuk acquisition cost does not include
biaya transaksi. transaction cost.
c) Selisih antara nilai wajar dan jumlah c) The difference between fair value and
tercatat diakui dalam laba rugi. carrying value is presented in profit or loss.
j. Surat berharga yang dijual dengan janji dibeli j. Marketable securities sold under repurchase
kembali (repo) dan surat berharga yang dibeli agreement (repo) and marketable securities
dengan janji dijual kembali (reverse repo) purchased under resale agreement (reverse repo)
Surat berharga yang dijual dengan janji dibeli Marketable securities sold under repurchased
kembali (repo) disajikan sebagai liabilitas dalam agreements (repo) are presented as liabilities in the
laporan posisi keuangan sebesar harga pembelian statement of financial position at the agreed
kembali yang disepakati dikurangi selisih antara repurchase price less the difference between the
harga jual dan harga pembelian kembali yang selling price and agreed repurchase price. The
disepakati. Selisih antara harga jual dan harga difference between the selling price and agreed
pembelian kembali yang disepakati tersebut repurchase price is amortised using effective interest
diamortisasi dengan menggunakan metode suku method as interest expense over the period
bunga efektif sebagai beban bunga selama jangka commencing from the selling date to the repurchase
waktu sejak surat berharga tersebut dijual hingga date.
saat dibeli kembali.
Surat berharga yang dijual dengan janji dibeli Marketable securities sold under repurchased
kembali diklasifikasikan sebagai biaya perolehan agreement are classified as amortized cost.
diamortisasi.
Surat berharga yang dibeli dengan janji untuk dijual Marketable securities purchased under resale
kembali (reverse repo) disajikan sebagai aset agreements (reverse repo) are presented as an asset
dalam laporan posisi keuangan sebesar harga beli in the statement of financial position at the purchase
ditambah dengan pendapatan bunga yang sudah price added with interest income recognised but not
diakui tapi belum diterima, dikurangi dengan yet received, less allowance for impairment losses,
cadangan kerugian penurunan nilai, jika diperlukan. where appropriate.
26
Page 566
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
j. Surat berharga yang dijual dengan janji dibeli j. Marketable securities sold under repurchase
kembali (repo) dan surat berharga yang dibeli agreement (repo) and marketable securities
dengan janji dijual kembali (reverse repo) purchased under resale agreement (reverse
(lanjutan) repo) (continued)
Pada pengukuran awal, surat berharga yang Marketable securities purchased under resale
dibeli dengan janji dijual kembali (reverse repo) agreement (reverse repo) are initially measured at
disajikan sebesar nilai wajar ditambah dengan fair value plus directly attributable transaction
biaya transaksi yang dapat diatribusikan secara costs.
langsung.
Surat berharga yang dibeli dengan janji dijual Marketable securities purchased under resale
kembali (reverse repo) diklasifikasikan sebagai agreement (reverse repo) are classified as
biaya perolehan diamortisasi. amortized cost.
k. Tagihan lainnya k. Other receivables
Tagihan lainnya terdiri dari tagihan transfer dan Other receivables consist of transfer receivable
transaksi ATM antar bank. Akun ini and inter-banks ATM transaction. This account is
diklasifikasikan sebagai biaya perolehan classified as amortized cost.
diamortisasi.
l. Kredit yang diberikan dan pembiayaan syariah l. Loans and sharia financing
Kredit yang diberikan pada awalnya diukur pada Loans are initially measured at fair value plus
nilai wajar ditambah dengan biaya transaksi yang transaction costs that are attributable to obtaining
dapat diatribusikan secara langsung dan the financial asset, and subsequently measured at
merupakan biaya tambahan untuk memperoleh their amortized cost using the effective interest
aset keuangan tersebut, dan setelah pengakuan rate method, net of allowance for impairment
awal diukur pada biaya perolehan diamortisasi losses.
menggunakan metode suku bunga efektif
dikurangi dengan penyisihan kerugian penurunan
nilai.
Kredit yang diberikan diklasifikasikan sebagai Loans are classified as amortized cost.
biaya perolehan diamortisasi.
Penerusan kredit yang diberikan dinyatakan Channeling loans are stated at the principal
sebesar pokok kredit yang diberikan. amount.
Biaya yang dapat diatribusikan secara langsung Attributable costs to the recognition of loans
dalam pengakuan kredit yang diberikan meliputi comprises of provision and commissions.
biaya provisi dan komisi.
Kredit yang diberikan termasuk piutang syariah, Loans may include sharia receivables,
pendanaan mudharabah dan musyarakah serta mudharabah and musyarakah financing and
piutang qardh. qardh receivable.
Piutang syariah merupakan hasil dari transaksi Sharia receivables result from sale and purchase
jual beli berdasarkan perjanjian murabahah. transactions based on murabahah agreements.
Murabahah adalah akad jual beli barang tertentu Murabahah is an agreement to buy and sell
dengan harga ditentukan sebesar harga certain products at acquisition cost plus a certain
perolehan ditambah keuntungan yang disepakati margin to be agreed by both the buyer and seller
dan Bank sebagai penjual harus mengungkapkan and the Bank as the seller is required to disclose
harga perolehan barang tersebut kepada pembeli the acquisition cost to the buyer. Murabahah
(debitur). Piutang murabahah dinyatakan sebesar receivables are stated at the amount of
jumlah piutang setelah dikurangi dengan ”marjin receivables less unrealized deferred margin and
yang ditangguhkan” yang belum direalisasikan allowance for losses.
dan penyisihan kerugian.
27
Page 567
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
l. Kredit yang diberikan dan pembiayaan syariah l. Loans and sharia financing (continued)
(lanjutan)
Mudharabah adalah kontrak kerjasama usaha Mudharabah is a business cooperation contract
antara pemilik dana (shahibul maal) dan manajer between the owner of the funds (shahibul maal) and
pendanaan (mudharib) berdasarkan rasio fund managers (mudharib) based on the ratio of
pendapatan atau keuntungan dan kerugian yang income or gains and losses are predetermined.
ditentukan sebelumnya. Piutang mudharabah pada Mudharabah receivables are initially measured at fair
awalnya diukur pada nilai wajar diamortisasi value is amortized using the effective margin method
menggunakan metode margin efektif dikurangi less any allowance for impairment losses.
dengan cadangan kerugian penurunan nilai.
Biaya transaksi yang dapat diatribusikan secara Transaction costs that are directly attributable and an
langsung dan merupakan pendapatan dan biaya income and additional costs to acquire the financial
tambahan untuk memperoleh aset keuangan asset is amortized using the effective margin method
tersebut diamortisasi menggunakan metode margin less any allowance for impairment losses.
efektif dikurangi dengan cadangan kerugian
penurunan nilai.
Musyarakah adalah akad kerjasama yang terjadi Musyarakah is an agreement between the investors
diantara para pemilik modal (mitra musyarakah) (musyarakah partners) to enter into a joint-venture in
untuk menggabungkan modal dan melakukan the form of a partnership with revenue or profit and
usaha secara bersama dalam suatu kemitraan, loss sharing based on an agreement or capital
dengan nisbah pembagian hasil atau kerugian contribution proportion.
sesuai dengan kesepakatan atau secara
proporsional sesuai kontribusi modal.
Qardh adalah pinjam meminjam dana tanpa Qardh is a loan/borrowing funds without any agreed
imbalan yang diperjanjikan dengan liabilitas pihak consideration wherein the borrower has the obligation
peminjam mengembalikan pokok pinjaman secara to return the principal of the loan at lump sum or on
sekaligus atau cicilan dalam jangka waktu tertentu. installment over a certain period.
Kredit yang direstrukturisasi disajikan sebesar nilai Restructured loans are stated at the lower of carrying
yang lebih rendah antara nilai tercatat kredit pada value of the loan at the time of restructuring or net
tanggal restrukturisasi atau nilai tunai penerimaan present value of the total future cash receipts after
kas masa depan setelah restrukturisasi. Kerugian restructuring. Losses arising from any excess of the
akibat selisih antara nilai tercatat kredit pada carrying value of the loan at the time of restructuring
tanggal restrukturisasi dengan nilai tunai over the net present value of the total future cash
penerimaan kas masa depan setelah receipts after restructuring are recognized in the
restrukturisasi diakui dalam laporan laba rugi dan statement of profit or loss and other comprehensive
penghasilan komprehensif lain. Setelah income. Thereafter, all cash receipt under the new
restrukturisasi, semua penerimaan kas masa terms shall be accounted for as the recovery of
depan yang ditetapkan dalam persyaratan baru principal and interest income. In accordance with the
dicatat sebagai pengembalian pokok kredit yang restructuring scheme.
diberikan dan pendapatan bunga sesuai dengan
syarat-syarat restrukturisasi.
Kredit yang diberikan dihapusbukukan ketika tidak Loans are written-off when there are no realistic
terdapat prospek yang realistis mengenai prospects of future recovery and all collateral have
pengembalian di masa datang dan semua jaminan been realized or have been foreclosed. When loans
telah diupayakan untuk direalisasi atau sudah are deemed uncollectible, they are written-off against
diambil alih. Kredit yang tidak dapat dilunasi the related allowance for impairment losses.
dihapusbukukan dengan mendebet cadangan Subsequent recoveries of loans written-off are
kerugian penurunan nilai. Pelunasan kemudian credited to the allowance for impairment losses in the
atas kredit yang telah dihapusbukukan statements of financial position, if recovered in the
sebelumnya, jika pada periode berjalan dikreditkan current year and are recognized in the statement of
ke cadangan kerugian penurunan nilai di laporan profit or loss and other comprehensive income as
posisi keuangan, jika setelah tanggal laporan posisi other operating income, if recovered after the
keuangan dikreditkan sebagai pendapatan statement of financial position date.
operasional lainnya dalam laporan laba rugi dan
penghasilan komprehensif lain.
28
Page 568
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
m. Identifikasi dan pengukuran kerugian m. Identification and measurement of impairment
penurunan nilai losses
Aset produktif terdiri dari giro pada bank lain, Earning assets consist of current accounts with
penempatan pada Bank Indonesia dan bank lain, other banks, placements with Bank Indonesia and
surat berharga, surat berharga yang dijual dengan other banks, marketable securities, marketable
janji dibeli kembali (repo), surat berharga yang securities sold under purchased agreement
dibeli dengan janji dijual kembali (reverse repo), (repo), marketable securities purchased under
kredit yang diberikan, tagihan lainnya dan resale agreement (reverse repo), loans, other
komitmen dan kontinjensi. receivable and commitments and contingencies.
Komitmen dan kontinjensi pada transaksi rekening Commitments and contingencies are off-balance
administratif, antara lain terdiri dari namun tidak sheet transactions which include but are not
terbatas pada penerbitan jaminan, letter of credit, limited to issued guarantees, letters of credit,
standby letter of credit dan fasilitas kredit yang standby letters of credit and unused loan facilities.
belum digunakan.
Penurunan nilai aset keuangan Impairment of financial assets
PSAK 71 mengharuskan cadangan kerugian diakui PSAK 71 requires a loss allowance to be
sebesar kerugian kredit ekspektasian (Expected recognized at an amount equal to either 12 month
Credit Loss ECL) 12 bulan (12-month ECL) atau Expected Credit Loss or lifetime ECLs. Lifetime
kerugian kredit ekspektasian sepanjang umur aset ECLs are the ECLs that result from all possible
keuangan (lifetime ECL). Lifetime ECL adalah default events over the expected life of a financial
kerugian kredit ekspektasian yang berasal dari instrument, whereas 12-month ECLs are the
semua kemungkinan kejadian gagal bayar portion of ECLs that result from default events that
sepanjang umur ekspektasian suatu instrumen are possible within the 12 months after reporting
keuangan, sedangkan ECL 12 bulan adalah porsi date.
dari kerugian kredit ekspektasian yang berasal dari
kemungkinan kejadian gagal bayar dalam 12 bulan
setelah tanggal pelaporan.
Bank mengakui cadangan kerugian untuk ECL The Bank recognizes loss allowances for ECL on
pada instrumen keuangan berikut yang tidak diukur the following financial instruments that are not
pada FVTPL: measured at FVTPL:
- Aset keuangan yang merupakan instrumen utang; - Financial assets that are debt instruments;
- Kontrak jaminan keuangan yang diterbitkan; dan - Financial guarantee contracts issued; and
- Komitmen pinjaman diberikan. - Loan commitments issued.
Pada setiap tanggal pelaporan, Bank akan At each reporting date, the Bank shall measure
mengukur cadangan kerugian instrumen keuangan the loss allowance for a financial instrument at an
sejumlah kerugian kredit ekspektasian sepanjang amount equal to the lifetime credit losses, if the
umur (lifetime) instrumen keuangan, jika risiko credit risk on that financial instrument has
kredit atas instrumen keuangan tersebut telah increased significantly since initial recognition.
meningkat secara signifikan sejak pengakuan awal. The Bank will recognize loss allowances at an
Bank akan mengakui cadangan kerugian sejumlah amount equal to lifetime ECLs, except in the
lifetime ECL, kecuali dalam kondisi berikut, dimana following cases, for which the amount recognized
cadangan kerugian sejumlah ECL 12 bulan yang will be 12-month ECLs:
akan diakui:
- Instrumen keuangan dengan risiko kredit rendah - The financial instruments with low credit risk
atau ekuivalen dengan tingkat risiko negara when its credit risk rating is equivalent to the
Republik Indonesia; dan sovereign risk rating of Republic of Indonesia;
and
- Risiko kredit instrumen keuangan yang belum - Financial instruments for which credit risk has
meningkat secara signifikan sejak pengakuan not increased significantly since initial
awal. recognition.
29
Page 569
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
m. Identifikasi dan pengukuran kerugian m. Identification and measurement of impairment
penurunan nilai (lanjutan) losses (continued)
Penurunan nilai aset keuangan (lanjutan) Impairment of financial assets (continued)
Ketentuan-ketentuan penurunan nilai menurut The impairment requirements of PSAK 71 are
PSAK 71 adalah kompleks dan memerlukan complex and require management judgments,
pertimbangan-pertimbangan, estimasi-estimasi estimates and assumptions, particularly in the
dan asumsi-asumsi manajemen, terutama untuk following areas:
area-area berikut ini:
- Evaluasi apakah risiko kredit dari suatu - Assessing whether the credit risk of an instrument
instrumen telah meningkat secara signifikan has increased significantly since initial recognition;
sejak pengakuan awal; dan and
- Memasukkan informasi yang bersifat forward - Incorporating forward-looking information into the
looking dalam pengukuran ECL. measurement of ECLs.
Bank menganggap sekuritas investasi pemerintah The Bank considers an IDR denominated
dalam mata uang Rupiah dan dana yang government investment securities and funds placed
ditempatkan pada Bank Indonesia memiliki risiko with Bank Indonesia are having low credit risk,
kredit yang rendah, karena pokok dan bunga since the principal and interest of government bond
investasi pemerintah tersebut dijamin oleh are guaranteed by the government and there is no
pemerintah dan tidak ada kerugian yang pernah historical loss experience. The Bank does not apply
terjadi. Bank tidak menerapkan pengecualian the low credit risk exemption to any other financial
risiko kredit yang rendah untuk instrumen instruments.
keuangan lainnya.
ECL 12 bulan adalah bagian dari ECL yang 12-month ECL is the portion of ECL resulted from
dihasilkan dari kejadian gagal bayar pada default events on a financial instrument that are
instrumen keuangan yang mungkin terjadi dalam possible within the 12 months after the reporting
12 bulan setelah tanggal pelaporan. Instrumen date. Financial instruments for which a 12-month
keuangan yang diakui dari ECL 12 bulan disebut ECL is recognized are referred to as “Stage 1
sebagai “instrumen keuangan tahap 1”. financial instruments”.
Kerugian kredit ekspektasian sepanjang umur Life-time ECL is the ECL resulted from all possible
aset keuangan adalah kerugian kredit default events over the expected life of the financial
ekspektasian yang dihasilkan dari semua kejadian instrument. Financial instruments for which a
gagal bayar yang mungkin terjadi selama lifetime ECL is recognized but which are not credit-
perkiraan umur instrumen keuangan. Instrumen impaired are referred to as “Stage 2 financial
keuangan yang diakui dari kerugian kredit instruments”.
ekspektasian sepanjang umur aset keuangan
tetapi tidak mengalami penurunan nilai kredit
disebut sebagai “instrumen keuangan tahap 2”.
Pengukuran ECL Measurement of ECL
ECL adalah estimasi kemungkinan kerugian ECL is a probability-weighted estimate of credit
kredit berdasarkan probabilitas tertimbang. ECL losses. It is measured as follows:
diukur sebagai berikut:
- Aset keuangan yang tidak mengalami - Financial assets that are not credit-impaired at the
penurunan nilai pada tanggal pelaporan: reporting date: as the present value of all cash
sebesar nilai kini dari seluruh kekurangan kas shortfalls (i.e. the difference between the cash
(yaitu perbedaan antara arus kas terutang flows due to the entity in accordance with the
sesuai dengan kontrak dan arus kas yang contract and the cash flows that the Bank expects
diperkirakan akan diterima oleh Bank); to receive);
- Aset keuangan yang mengalami penurunan nilai - Financial assets that are credit-impaired at the
kredit pada tanggal pelaporan: sebagai reporting date: as the difference between the
perbedaan antara nilai tercatat bruto dan nilai gross carrying amount and the present value of
kini dari estimasi arus kas masa depan; estimated future cash flows;
30
Page 570
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
m. Identifikasi dan pengukuran kerugian m. Identification and measurement of
penurunan nilai (lanjutan) impairment losses (continued)
Pengukuran ECL (lanjutan) Measurement of ECL (continued)
ECL adalah estimasi kemungkinan kerugian kredit ECL is a probability-weighted estimate of credit
berdasarkan probabilitas tertimbang. ECL diukur losses. It is measured as follows (continued):
sebagai berikut (lanjutan):
- Komitmen pinjaman yang belum ditarik: sebagai - Undrawn loan commitments: as the present
nilai kini dari selisih antara arus kas kontraktual value of the difference between the contractual
terutang kepada Bank jika komitmen direalisasi cash flows that are due to the Bank if the
menjadi pinjaman dan arus kas yang commitment is drawn-down and the cash flows
diperkirakan akan diterima oleh Bank; dan that the Bank expects to receive; and
- Kontrak jaminan keuangan: pembayaran yang - Financial guarantee contracts: the expected
diperkirakan akan dibayarkan kepada payments to reimburse the holder less any
pemegang kontrak jaminan keuangan dikurangi amounts that the Bank expects to recover.
jumlah yang diperkirakan dapat dipulihkan oleh
Bank.
Aset keuangan yang mengalami penurunan nilai Credit impaired financial assets
kredit
Pada setiap tanggal pelaporan, Bank menilai At each reporting date, the Bank assesses
apakah aset keuangan yang dicatat pada biaya whether financial assets carried at amortized
perolehan diamortisasi dan aset keuangan dalam cost and debt financial assets carried at FVOCI
bentuk efek utang yang dicatat pada FVOCI are credit-impaired (referred to as “Stage 3
mengalami penurunan nilai kredit (disebut financial assets”). A financial asset is “credit-
sebagai “aset keuangan tahap 3”). Aset keuangan impaired” when one or more events that have a
mengalami penurunan nilai ketika satu atau lebih detrimental impact on the estimated future cash
peristiwa yang memiliki dampak buruk pada flows of the financial asset have occurred.
perkiraan arus kas masa depan dari aset
keuangan telah terjadi.
Berikut adalah rangkuman data yang dapat Evidence that a financial asset is credit-impaired
diobservasi sebagai bukti bahwa aset keuangan includes the following observable data:
mengalami penurunan nilai:
- Kesulitan keuangan yang signifikan dari debitur - Significant financial difficulty of the borrower or
atau penerbit; issuer;
- Pelanggaran kontrak seperti gagal bayar atau - A breach of contract such as a default or past
tunggakan; due event;
- Restrukturisasi pinjaman oleh Bank dengan - The restructuring of loan by the Bank on terms
ketentuan yang Bank tidak akan pertimbangkan that the Bank would not consider otherwise;
sebelumnya;
- Kemungkinan bahwa peminjam akan - It is becoming probable that the borrower will
mengalami kebangkrutan atau reorganisasi enter bankruptcy or other financial
keuangan lainnya; atau reorganization; or
- Hilangnya dari pasar aktif suatu efek - The disappearance of an active market for a
dikarenakan kesulitan keuangan. securities because of financial difficulties.
Pinjaman yang telah dinegosiasikan ulang karena A loan that has been renegotiated due to a
memburuknya kondisi peminjam biasanya deterioration in the borrower’s condition is
dianggap mengalami penurunan nilai kredit, usually considered to be credit-impaired, unless
kecuali ada bukti bahwa risiko tidak menerima there is evidences that the risk of not receiving
arus kas kontraktual berkurang secara signifikan contractual cash flows has reduced significantly
dan tidak ada indikator penurunan nilai lainnya. and there are no other indicators of impairment.
Selain itu, pinjaman ritel yang jatuh tempo selama In addition, a retail loan that is overdue for 90
90 hari atau lebih dianggap mengalami penurunan days or more is considered credit-impaired even
nilai kredit meskipun definisi gagal bayar menurut when the regulatory definition of default is
peraturan berbeda. different.
31
Page 571
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
m. Identifikasi dan pengukuran kerugian m. Identification and measurement of impairment
penurunan nilai (lanjutan) losses (continued)
Penyajian cadangan ECL dalam laporan posisi Presentation of allowance for ECL in the statement
keuangan of financial position
Cadangan kerugian untuk ECL disajikan dalam Loss allowances for ECL are presented in the
laporan posisi keuangan sebagai berikut ini: statement of financial position as follows:
- Aset keuangan diukur pada biaya perolehan - Financial assets measured at amortized cost: as a
diamortisasi: sebagai pengurang dari nilai deduction from the gross carrying amount of the
tercatat bruto aset; assets;
- Komitmen pinjaman dan kontrak jaminan - Loan commitments and financial guarantee
keuangan: umumnya, sebagai provisi; contracts: generally, as a provision;
- Jika instrumen keuangan mencakup komponen - Where a financial instrument includes both a
yang telah ditarik dan yang belum ditarik, dan drawn and an undrawn component, and the Bank
Bank tidak dapat mengidentifikasi ECL pada cannot identify the ECL on the loan commitment
komponen komitmen pinjaman secara terpisah component separately from those on the drawn
dari komponen yang telah ditarik: Bank component: the Bank presents a combined loss
menyajikan cadangan kerugian gabungan untuk allowance for both components. The combined
kedua komponen. Jumlah gabungan cadangan amount is presented as a deduction from the
kerugian disajikan sebagai pengurang dari nilai gross carrying amount of the drawn component.
tercatat bruto komponen yang telah ditarik. Any excess of the loss allowance over the gross
Kelebihan dari cadangan kerugian atas nilai carrying amount of the drawn component is
tercatat komponen yang telah ditarik disajikan presented as a provision; and
sebagai provisi; dan
- Instrumen utang diukur pada FVOCI: tidak ada - Debt instruments measured at FVOCI: no loss
cadangan kerugian diakui sebagai pengurang allowance is recognized as deduction to the
nilai tercatat aset keuangan karena nilai tercatat carrying amount of the financial asset due to the
dari aset-aset ini adalah pada nilai wajar. carrying amount of these assets is their fair value.
Namun, cadangan kerugian kredit diakui However, the credit loss allowance is recognized
sebagai bagian dari cadangan nilai wajar dalam as part of fair value reserve in other
penghasilan komprehensif lain. comprehensive income.
Penghapusan Write-off
Pinjaman dan efek utang dihapuskan (baik Loans and debt securities are written off (either
sebagian atau seluruhnya) ketika tidak ada partially or in full) when there is no reasonable
harapan yang wajar untuk memulihkan aset expectation of recovering a financial asset in its
keuangan secara keseluruhan atau sebagian. Hal entirety or a portion thereof. This is generally the
ini biasanya terjadi ketika Bank memastikan case when the Bank determines that the borrower
bahwa debitur tidak memiliki aset atau sumber does not have assets or sources of income that
pendapatan yang dapat menghasilkan arus kas could generate sufficient cash flows to repay the
yang cukup untuk membayar jumlah pinjaman amounts subject to the write-off. This assessment is
yang akan dihapusbukukan. Penilaian ini carried out at the individual asset level.
dilakukan pada tingkat aset individu.
Pemulihan atas jumlah pinjaman yang Recoveries of amounts previously written-off are
sebelumnya dihapusbukukan termasuk dalam included in “other income” in the statement of profit
”pendapatan lain-lain” dalam laporan laba rugi dan or loss and other comprehensive income.
penghasilan komprehensif lain.
Aset keuangan yang dihapusbukukan masih Financial assets that are written-off could still be
diusahakan penagihannya sesuai prosedur Bank subject to enforcement activities in order to comply
untuk pemulihan jumlah yang terutang. with the Bank’s procedures for recovery of amounts
due.
32
Page 572
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
m. Identifikasi dan pengukuran kerugian m. Identification and measurement of
penurunan nilai (lanjutan) impairment losses (continued)
Peningkatan risiko kredit secara signifikan Significant increase in credit risk
Dalam PSAK 71, ketika menentukan apakah Under PSAK 71, when determining whether the
risiko kredit atas suatu instrumen keuangan telah credit risk of a financial instrument has
meningkat secara signifikan sejak pengakuan increased significantly since initial recognition,
awal, Bank akan mempertimbangkan informasi the Bank will consider reasonable and
yang wajar dan terdukung yang relevan dan supportable information that is relevant and
tersedia tanpa biaya atau upaya yang berlebihan, available without undue cost or effort, including
termasuk informasi kuantitatif dan kualitatif dan both quantitative and qualitative information and
analisa berdasarkan pengalaman masa lalu Bank, analysis based on the Bank historical
penilaian kredit dan informasi yang bersifat experience, credit assessment and forward-
forward-looking. looking information.
Analisa apakah risiko kredit telah meningkat Assessing whether credit risk has increased
secara signifikan sejak pengakuan awal instrumen significantly since initial recognition of financial
keuangan memerlukan identifikasi tanggal instrument requires identifying the date of initial
pengakuan awal dari instrumen tersebut. recognition of the instrument.
Bank telah membentuk kerangka yang The Bank has established a framework that
memasukkan informasi kuantitatif dan kualitatif incorporates both quantitative and qualitative
untuk menentukan apakah risiko kredit dari suatu information to determine whether the credit risk
instrumen keuangan telah meningkat secara on a financial instrument has increased
signifikan sejak pengakuan awal. Kerangka ini significantly since initial recognition. The
sejalan dengan internal proses manajemen risiko framework aligns with the Bank’s internal credit
kredit Bank. Kriteria untuk menentukan apakah risk management process. The criteria for
risiko kredit telah meningkat secara signifikan determining whether credit risk has increased
akan bervariasi berdasarkan portofolio. significantly will vary by portfolio.
Sebagai batas, sesuai dengan yang disyaratkan As a limit, and as required by PSAK 71, the
oleh PSAK 71, Bank menentukan kenaikan risiko Bank consider that a significant increase in
kredit secara signifikan pada portofolio ritel terjadi credit risk of retail portfolio occurs when an
pada saat aset telah tertunggak lebih dari 30 hari. asset is more than 30 days past due.
Input yang digunakan untuk pengukuran ECL Input into measurement of ECLs
Input utama yang digunakan untuk pengukuran The key inputs into the measurement of ECLs
ECL adalah variabel berikut: are the following variables:
- Probability of Default (PD); - Probability of Default (PD);
- Loss Given Default (LGD); dan - Loss Given Default (LGD); and
- Exposure At Default (EAD). - Exposure At Default (EAD).
Peringkat risiko kredit akan menjadi masukan Credit risk grades will be a primary input into the
utama untuk menentukan PD atas eksposur. Bank determination of the term structure of PD for
akan menggunakan model statistik untuk exposures. The Bank will employ statistical
menganalisa data yang telah dikumpulkan dan models to analyze the data collected and
menghasilkan estimasi PD sepanjang sisa umur generate estimates of the remaining lifetime PD
dari eskposur dan bagaimana perubahan of exposures and how these are expected to
ekspektasian akan terjadi dalam suatu kurun change as a result of the passage of time. This
waktu. Analisa ini akan termasuk identifikasi dan analysis will include the identification and
kalibrasi atas hubungan antara perubahan tingkat calibration of relationships between changes in
gagal bayar dan perubahan faktor utama makro default rates and changes in key macro-
ekonomi, sebagai contohnya: tingkat inflasi, economic factors, for example: CPI inflation,
pertumbuhan Produk Domestik Bruto (PDB), suku real Gross Domestic Products (GDP) growth,
bunga acuan dan tingkat pengangguran. benchmark interest rates and unemployment
rate.
33
Page 573
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
m. Identifikasi dan pengukuran kerugian m. Identification and measurement of impairment
penurunan nilai (lanjutan) losses (continued)
Input yang digunakan untuk pengukuran ECL Input into measurement of ECLs (continued)
(lanjutan)
Konsep dari LGD adalah menggabungkan semua The concept of LGD is incorporating all recoveries
pemulihan dari proses penagihan yang telah from a completed collection process into loss rate
selesai menjadi tingkat kerugian yang which would reflect the collection cost and the time
mencerminkan biaya penagihan dan nilai waktu value on loss rate. The data of recoveries are
atas tingkat kerugian. Data pemulihan yang collected based on recoveries received by the Bank
dikumpulkan adalah jumlah pemulihan yang from the non-performing loan account that has been
diterima oleh Bank dari akun non-performing loan written-off or fully repaid/settled.
yang telah dihapusbukukan atau telah lunas
dibayar/diselesaikan.
EAD merupakan eksposur ekspektasian pada EAD represents the expected exposure in the event
saat terjadi gagal bayar. Bank akan mendapatkan of a default. The Bank will derive the EAD from the
nilai EAD berdasarkan eksposur terhadap pihak current exposure to the counterparty and potential
lawan saat ini dan kemungkinan perubahan changes to the current amount allowed under the
terhadap eksposur saat ini berdasarkan kontrak, contract, including amortization, and prepayments.
termasuk amortisasi dan pelunasan dipercepat. The EAD of a financial asset will be the gross
EAD dari aset keuangan adalah nilai tercatat carrying amount at default. For lending commitments
bruto saat gagal bayar. Untuk komitmen pinjaman and financial guarantees, the EAD will consider the
dan kontrak jaminan keuangan, nilai EAD akan amount drawn, as well as potential future amounts
mempertimbangkan jumlah yang telah ditarik, dan that may be drawn or repaid under the contract.
potensial jumlah yang akan ditarik di masa depan
atau dibayarkan sesuai dengan kontrak.
Penurunan nilai atas aset non-produktif Impairment of non-productive assets
Penyesuaian atas penyisihan penghapusan aset Adjustments to the allowance for losses on non-
non-produktif dicatat dalam periode dimana productive assets are reported in the year that such
penyesuaian tersebut diketahui atau dapat ditaksir adjustments become known or can be reasonably
secara wajar. Termasuk di dalam penyesuaian ini estimated. These adjustments include additional
adalah penambahan penyisihan penghapusan allowance for losses as well as recoveries of
aset non-produktif maupun pemulihan aset non- previously written-off non-productive assets.
produktif yang telah dihapusbukukan sebelumnya.
Aset non-produktif dihapusbukukan dengan Non-productive assets are written-off against the
mengurangi penyisihan penghapusan yang respective allowance for losses when management
bersangkutan apabila menurut manajemen aset believes that the recoverability of those assets is
tersebut tidak mungkin dipulihkan lagi. unlikely.
Penyisihan kerugian aset produktif dan aset non- Allowance for possible losses of earning assets and
produktif - produk perbankan Syariah non-earning assets - Sharia banking product
Unit Usaha Syariah membentuk penyisihan The Sharia Business Unit has provided the
kerugian atas aset produktif dan aset non- allowance for possible losses on earning assets and
produktif berdasarkan penelaahan manajemen non-earning assets based on management’s review
terhadap kualitas aset produktif dan aset non- of the quality of these earning assets and non-
produktif tersebut pada tiap akhir tahun, evaluasi earning assets at the end of each year, and
manajemen atas prospek usaha, kinerja management evaluation of every debtor’s business
keuangan dan kemampuan membayar setiap prospect, financial performance and repayment
debitur. Serta mempertimbangkan juga hal-hal ability. Moreover, the allowance also considers other
lain seperti klasifikasi berdasarkan hasil things such as classification based on Financial
pemeriksaan Otoritas Jasa Keuangan, klasifikasi Services Authority audit results, classification
yang ditetapkan oleh bank umum lainnya atas determined by either commercial banks on earning
aset produktif yang diberikan oleh lebih dari satu assets provided by more than one bank (SLIK
bank (SLIK checking) dan ketersediaan laporan checking) and availability of debtor’s audited
keuangan debitur yang telah diaudit. financial statements.
34
Page 574
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
m. Identifikasi dan pengukuran kerugian m. Identification and measurement of
penurunan nilai (lanjutan) impairment losses (continued)
Penyisihan kerugian aset produktif dan aset non- Allowance for possible losses of earning assets
produktif - produk perbankan Syariah (lanjutan) and non-earning assets - Sharia banking
product (continued)
Untuk tujuan evaluasi penurunan nilai kolektif atas For the purpose of evaluating the collective
piutang dan pembiayaan yang diberikan impairment on receivables and financing, as
sebagaimana diwajibkan oleh Bank Indonesia required by Bank Indonesia based on Circular
sesuai dengan Surat Edaran Bank Indonesia Letter Bank Indonesia No.15/26/DPbS dated
No.15/26/DPbS tanggal 10 Juli 2013, PSAK 102 July 10, 2013, PSAK 102 (revised 2013) and
(revisi 2013) dan Surat Otoritas Jasa Keuangan Financial Services Authority’s letter No.S-
(OJK) No.S-159/PB.13/2014 tertanggal 3 159/PB.13/2014 dated December 3, 2014,
Desember 2014, perihal tanggapan atas usulan concerning the respond of ASBISINDO’s
ASBISINDO, untuk penerapan pertama kali PSAK proposal, in adopting of PSAK 102 (revised
102 (revisi 2013) dan PAPSI 2013. Bank 2013) and PAPSI 2013. The Bank applies the
menerapkan ketentuan transisi penurunan nilai transition rule for collective impairment with the
secara kolektif dengan menggunakan estimasi calculation based on the applicable Bank
yang didasarkan pada ketentuan Bank Indonesia Indonesia’s regulation on the Quality Rating of
yang berlaku Penilaian Kualitas Aktiva Bank assets of Commercial Bank which conduct
Umum yang Melaksanakan Kegiatan Usaha Business Based on Sharia Principles.
Berdasarkan Prinsip Syariah.
Dalam evaluasi penurunan nilai terhadap piutang The evaluation of impairment of murabahah
murabahah dilakukan secara periodik pada setiap receivables is done periodically on every
tanggal laporan keuangan, untuk memastikan financial statement date, to ensure methodology
metodologi dan asumsi yang digunakan dapat and assumptions are reliable, and to reduce
diandalkan, serta meminimalkan perbedaan difference between estimated losses amount
antara estimasi jumlah kerugian dengan jumlah and actual losses amount.
kerugian aktual.
Penyisihan kerugian penurunan nilai secara Allowance for impairment losses is calculated
individual dihitung dengan menggunakan metode individually by using discounted cash flows
diskonto arus kas (discounted cash flows). method. Murabahah receivables that has been
Piutang murabahah yang telah mengalami impaired is recognized based on amount that
penurunan nilai dicatat berdasarkan jumlah yang are discounted (discounted value) and not
didiskonto (discounted value) dan bukan based on net book value, because the amount
berdasarkan nilai buku, karena tidak akan dapat of murabahah receivables that had been given
diperoleh kembali seluruh jumlah piutang to debtors are unable to be fully recovered. The
murabahah yang telah diberikan kepada debitur. amount of discounted value is obtained by
Jumlah yang didiskonto (discounted value) estimating the future cash flows (includes
diperoleh dengan mengestimasi arus kas masa payment of principles and margin) that is
datang (mencakup pembayaran pokok dan discounted at effective margin.
marjin) yang didiskonto menggunakan marjin
efektif.
Sedangkan penyisihan kerugian penurunan nilai Allowance for impairment losses on financial
atas aset keuangan yang dinilai secara kolektif assets are collectively evaluated on the basis of
berdasarkan pengalaman kerugian yang lalu historical loss experience. Historical loss
(historical loss experience). Historical loss experience is adjusted on the basis of current
experience disesuaikan menggunakan dasar data observable data to reflect the effects of current
yang dapat diobservasi untuk mencerminkan efek conditions affecting the Bank and to remove the
dari kondisi saat ini terhadap Bank dan past effects of conditions in the historical period
menghilangkan efek dari masa lalu yang sudah that no longer valid.
tidak berlaku saat ini.
Bank menggunakan roll rate analysis method The Bank uses roll rate analysis method to
untuk menilai penyisihan kerugian penurunan nilai assess the allowance for impairment losses.
aset. Bank menggunakan data historis selama 3 The Bank uses historical data in the 3 (three)
(tiga) tahun dalam perhitungan Probability of years in calculating the Probability of Default
Default (PD) dan menggunakan data historis (PD) and also using those 3 (three) years of
selama 3 (tiga) tahun untuk Loss Given Default historical data to compute for the Loss Given
(LGD). Default (LGD).
35
Page 575
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
m. Identifikasi dan pengukuran kerugian m. Identification and measurement of impairment
penurunan nilai (lanjutan) losses (continued)
Penyisihan kerugian aset produktif dan aset non- Allowance for possible losses of earning assets and
produktif - produk perbankan Syariah (lanjutan) non-earning assets - Sharia banking product
(continued)
Pengelompokan karakteristik risiko pembiayaan The classification characteristics of risk loan is
digolongkan berdasarkan Bank Wide pembiayaan classified based on Bank Wide murabahah financing
murabahah dan dilakukan evaluasi (loan review) and is evaluated every 1 (one) year.
setiap 1 (satu) tahun sekali.
Dalam menentukan penyisihan kerugian (selain In determining the allowance for losses (except
piutang murabahah) dan peringkat kualitas aset, murabahah receivables) and asset quality rating, the
Unit Usaha Syariah menerapkan PBI Sharia Business Unit applies PBI No.8/21/PBI/2006
No.8/21/PBI/2006 tanggal 5 Oktober 2006 yang dated October 5, 2006 wherein certain articles have
mana dalam pasal-pasal tertentu telah diubah been amended by PBI No.9/9/2007 dated November
dengan PBI No.9/9/2007 tanggal 18 November 18, 2007 and PBI No.10/24/PBI/2008 dated October
2007 dan PBI No.10/24/PBI/2008 tanggal 16 16, 2008 and No.13/13/PBI/2011 dated March 24,
Oktober 2008 serta PBI No.13/13/PBI/2011 2011 regarding Asset Quality Rating for Commercial
tanggal 24 Maret 2011 tentang Penilaian Kualitas Banks Conducting Business Based on Sharia
Aset Bank Umum yang melaksanakan Kegiatan Principles for determination of impairment losses.
Usaha Berdasarkan Prinsip Syariah dalam
menentukan kerugian penurunan nilai.
Penyisihan kerugian minimum atas aset produktif Minimum allowance for possible losses on earning
adalah sebagai berikut: assets is as follows:
Persentase minimum penyisihan kerugian/
Minimum percentage of allowance for impairment losses
Lancar *) Minimum 1% Current *)
Dalam perhatian khusus Minimum 5% Special mention
Kurang lancar Minimum 15% Sub-standard
Diragukan Minimum 50% Doubtful
Macet 100% Loss
*) Di luar Fasilitas Simpanan Bank Indonesia *) Excluding Deposit Facilities of Bank Indonesia
Syariah, Sertifikat Bank Indonesia Syariah dan Sharia, Certificates of Bank Indonesia Sharia and
surat berharga yang diterbitkan Pemerintah marketable securities sharia and earning assets
berdasarkan prinsip syariah aset produktif secured by cash collateral.
dengan agunan tunai.
Penyisihan khusus terhadap kredit bermasalah Specific provisions for non-performing loans were
dihitung berdasarkan kemampuan debitur dalam calculated based on the borrower's debt servicing
membayar utang. Penyisihan khusus dibentuk capacity. Specific provisions were made as soon as
ketika timbul keraguan akan kemampuan debitur the debt servicing of the loan is questionable and
dalam membayar dan menurut pertimbangan management considers that the estimated recovery
manajemen, estimasi jumlah yang akan diperoleh from the borrower was likely to fall short from the
kembali dari debitur berada di bawah jumlah amount of principal and interest outstanding.
pokok dan bunga kredit yang belum terbayar.
n. Biaya dibayar dimuka n. Prepaid expenses
Biaya dibayar dimuka diamortisasi selama masa Prepaid expenses are amortized over the beneficial
manfaat masing-masing biaya dengan periods using the straight-line method.
menggunakan metode garis lurus.
36
Page 576
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
o. Aset tetap o. Fixed assets
Aset tetap, kecuali tanah, dicatat sebesar harga Fixed assets, except land, are recorded at cost
perolehan dikurangi akumulasi penyusutan. Biaya less accumulated depreciation. Such cost
perolehan termasuk biaya penggantian bagian includes the cost of replacing part of fixed
aset tetap saat biaya tersebut terjadi, jika assets when that cost is incurred, if the
memenuhi kriteria pengakuan. Selanjutnya, pada recognition criteria are met. Likewise, when a
saat inspeksi yang signifikan dilakukan, biaya major inspection is performed, its cost is
inspeksi itu diakui ke dalam jumlah tercatat recognized in the carrying amount of fixed
(“carrying amount”) aset tetap sebagai suatu assets as a replacement if the recognition
penggantian jika memenuhi kriteria pengakuan. criteria are satisfied. All other repairs and
Semua biaya pemeliharaan dan perbaikan yang maintenance costs that do not meet the
tidak memenuhi kriteria pengakuan diakui dalam recognition criteria are recognized in the
laporan laba rugi dan penghasilan komprehensif statements of profit or loss and other
lain pada saat terjadinya. comprehensive income as incurred.
Aset tetap kecuali tanah disusutkan dengan Fixed assets, except land are depreciated using
menggunakan metode dan taksiran masa the methods and over their estimated useful
manfaat aset tetap sebagai berikut: lives of fixed assets as follows:
Taksiran masa manfaat/
Estimated useful lives Tarif penyusutan/
Jenis/ Classification Metode/ Method Tahun/Years Depreciation rate
Bangunan/ Buildings Garis lurus/ Straight-line 20 5%
Kendaraan/ Vehicles Saldo menurun ganda/
Double declining balance 4-8 25%-50%
Peralatan kantor/ Saldo menurun ganda/
Office equipment Double declining balance 4-8 25%-50%
Peralatan kantor terdiri dari perabotan dan Office equipment consists of furniture and
perlengkapan, instalasi, perangkat lunak dan fixtures, installation, computer software and
perangkat keras komputer, peralatan komunikasi hardware, communication and other office
dan peralatan kantor lainnya. equipment.
Tanah awalnya dinyatakan berdasarkan harga Land initially stated at cost and is not
perolehan dan tidak disusutkan. Setelah depreciated. After initial recognition, land is
pengakuan awal, tanah diukur pada nilai wajar measured at fair value on the date of the
pada tanggal revaluasi dikurangi akumulasi rugi revaluation less any accumulated impairment
penurunan nilai setelah tanggal revaluasi. losses after the date of revaluation. Assessment
Penilaian terhadap tanah dilakukan oleh penilai of the land is done by assessors who have
yang memiliki kualifikasi profesional, dan professional qualifications, and are conducted
dilakukan secara berkala untuk memastikan regularly to ensure that the carrying amount of
bahwa jumlah tercatat tanah tidak berbeda secara land does not differ materially from the amount
material dengan jumlah yang ditentukan dengan determined using fair value at the end of the
menggunakan nilai wajarnya pada akhir periode reporting period (Note 15).
pelaporan (Catatan 15).
Kenaikan nilai tercatat yang timbul dari revaluasi The increase in the carrying amount arising
dicatat sebagai “Surplus Revaluasi Aset Tetap”, from the revaluation is recorded as "Surplus
dan disajikan dalam penghasilan komprehensif Revaluation of Fixed Assets", and are presented
lain. Namun, kenaikan tersebut diakui dalam laba in other comprehensive income. However, the
rugi hingga sebesar jumlah penurunan nilai aset increase is recognized in profit or loss up to the
yang sama akibat revaluasi yang pernah amount of impairment of the similar assets due
dilakukan sebelumnya dalam laba rugi. to revaluation that was done before in profit or
Penurunan nilai tercatat yang timbul dari revaluasi loss. The decrease in the carrying amount
diakui dalam laba rugi. arising from the revaluation is recognized in
profit or loss.
37
Page 577
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
o. Aset tetap (lanjutan) o. Fixed assets (continued)
Jumlah tercatat aset tetap dihentikan Carrying amount of fixed assets is derecognized
pengakuannya pada saat dilepaskan atau saat upon disposal or when no future economic benefits
tidak ada manfaat ekonomis masa depan yang are expected from its use or disposal. Any gain or
diharapkan dari penggunaan atau pelepasannya. loss arising on derecognition of the asset
Laba atau rugi yang timbul dari penghentian (calculated as the difference between the net
pengakuan aset (dihitung sebagai perbedaan disposal proceeds and the carrying amount of the
antara jumlah neto hasil pelepasan dan jumlah asset) is included in the statement of profit or loss
tercatat dari aset) dimasukkan dalam laporan and other comprehensive income in the year the
laba rugi dan penghasilan komprehensif lain asset is derecognized.
pada tahun aset tersebut dihentikan
pengakuannya.
Aset tetap dievaluasi kemungkinan penurunan Fixed assets are reviewed for impairment when
nilainya jika terjadi peristiwa atau perubahan events or changes in circumstances indicate that
keadaan yang mengindikasikan bahwa nilai the carrying values may not be fully recoverable.
tercatatnya tidak dapat seluruhnya dipulihkan.
Pada setiap akhir tahun buku, nilai residu, umur At each financial year end, the assets’ residual
manfaat dan metode penyusutan direview, dan values, useful lives and methods of depreciation
jika sesuai dengan keadaan, disesuaikan secara are reviewed, and adjusted prospectively as
prospektif. Pada saat inspeksi yang signifikan appropriate. When a significant inspection of the
dilakukan, biaya inspeksi itu diakui ke dalam asset is performed, the cost of inspection is
jumlah tercatat (carrying amount) aset tetap capitalized as part of the replacement cost of the
sebagai suatu penggantian jika memenuhi asset’s carrying amount, if the criteria for
kriteria pengakuan. Semua biaya pemeliharaan recognition are met. All maintenance and repair
dan perbaikan yang tidak memenuhi kriteria costs which do not fulfill the capitalization criteria,
pengakuan diakui dalam laporan laba rugi pada are recognized in profit or loss upon occurrence.
saat terjadinya.
Aset dalam penyelesaian dinyatakan sebesar Construction-in-progress is stated at cost. The
harga perolehan. Akumulasi biaya perolehan accumulated cost will be reclassified to the
akan dipindahkan ke masing-masing aset tetap appropriate fixed asset account when the
pada saat pekerjaan selesai dan aset tersebut construction is completed and the asset is ready for
siap untuk digunakan. its intended use.
Semua biaya dan beban yang terjadi All costs and expenses incurred in connection with
sehubungan dengan perolehan hak atas tanah, the acquisition of land right, recognized as the
diakui sebagai biaya perolehan hak atas tanah. acquisition cost of land right. The legal cost
Biaya pengurusan legal hak atas tanah ketika occurred when the land was first acquired is
tanah diperoleh pertama kali diakui sebagai recognized as part of the acquisition cost of land
bagian dari biaya perolehan aset tanah. Biaya right. Extension or renewal of the maintenance cost
pengurusan perpanjangan atau pembaruan legal of legal rights over land recognized as an intangible
hak atas tanah diakui sebagai aset tak berwujud asset and amortized over the life of legal rights or
dan diamortisasi sepanjang umur hukum hak economic life of the land, whichever is shorter.
atau umur ekonomis tanah, mana yang lebih
pendek.
38
Page 578
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
p. Aset hak guna dan liabilitas sewa p. Right of use assets and lease liabilities
Pada tanggal permulaan kontrak, Bank menilai At the inception of a contract, the Bank
apakah kontrak merupakan atau mengandung assesses whether the contract is or contains a
sewa. Suatu kontrak merupakan atau leases. A contract is or contains a leases if the
mengandung sewa jika kontrak tersebut contract conveys the right to control the use of
memberikan hak untuk mengendalikan an identified assets for a period of time in
penggunaan aset identifikasian selama suatu exchange for consideration. The Bank can
jangka waktu untuk dipertukarkan dengan choose not to recognise the right-of-use asset
imbalan. Bank dapat memilih untuk tidak and lease liabilities for:
mengakui aset hak-guna dan liabilitas sewa
untuk:
- Sewa jangka-pendek; dan - Short term lease; and
- Sewa yang aset pendasarnya bernilai rendah. - Low value asset.
Untuk menilai apakah kontrak memberikan hak To assess whether a contract conveys the right
untuk mengendalikan penggunaan aset to control the use of an identified asset, the
identifikasian, Bank harus menilai apakah: Bank shall assess whether:
- Bank memiliki hak untuk mendapatkan secara - The Bank has the right to obtain
substansial seluruh manfaat ekonomi dari substantially all the economic benefit from
penggunaan aset identifikasian; dan use of the asset throughout the period of
use; and
- Bank memiliki hak untuk mengarahkan - The Bank has the right to direct the use of
penggunaan aset identifikasian. Bank memiliki the asset. The Bank has described when it
hak ini ketika Bank memiliki hak untuk has a decision-making rights that are the
pengambilan keputusan yang relevan tentang most relevant to changing how and for what
bagaimana dan untuk tujuan apa aset purpose the asset is used are
digunakan telah ditentukan sebelumnya: predetermined:
a) Bank memiliki hak untuk mengoperasikan a) The Bank has the right to operate the
aset; asset;
b) Bank telah mendesain aset dengan cara b) The Bank has designed the asset in a way
menetapkan sebelumnya bagaimana dan that predetermine how and for what
untuk tujuan apa aset akan digunakan purpose it will be used.
selama periode penggunaan.
Pada tanggal permulaan sewa, Bank mengakui The Bank recognises a right-of-use asset and a
aset hak-guna dan liabilitas sewa. Aset hak-guna leases liability at the leases commencement
diukur pada biaya perolehan, dimana meliputi date. The right-of-use asset is initially measured
jumlah pengukuran awal liabilitas sewa yang at cost, which comprises the initial amount of
disesuaikan dengan pembayaran sewa yang the leases liability adjusted for any leases
dilakukan pada atau sebelum tanggal permulaan, payment made at or before the commencement
ditambah dengan biaya langsung awal yang date, plus any initial direct cost incurred. For the
dikeluarkan. Untuk pengukuran selanjutnya, aset subsequent measurements, the right of use
hak guna dikurangi dengan akumulasi penyusutan assets less the accumulated depreciation, any
dan kerugian penurunan nilai, serta disesuaikan accumulated impairment losses, and adjusted
untuk setiap pengukuran kembali liabilitas sewa. for any remeasurement of lease liabilities. The
Aset hak-guna diamortisasi dengan menggunakan right-of-use asset is amortised over the straight-
metode garis lurus sepanjang jangka waktu sewa. line method throughout the lease term.
39
Page 579
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
p. Aset hak guna dan liabilitas sewa (lanjutan) p. Right of use assets and lease liabilities
(continued)
Liabilitas sewa diukur pada nilai kini pembayaran The lease liability is initially measured at the
sewa yang belum dibayar pada tanggal present value of the lease payments that are not
permulaan, didiskontokan dengan menggunakan paid at the commencement date, discounted
suku bunga implisit dalam sewa atau jika suku using the interest rate implicit in the lease or, if
bunga tersebut tidak dapat ditentukan, maka that right cannot be readily determined, using
menggunakan suku bunga pinjaman inkremental. incremental borrowing rate. Generally, the Bank
Pada umumnya, Bank menggunakan suku bunga uses its incremental borrowing rate as a
pinjaman inkremental sebagai tingkat bunga discount rate. For the subsequent
diskonto. Untuk pengukuran selanjutnya, jumlah measurement, amount of lease liabilities
liabilitas sewa ditingkatkan untuk mencerminkan increased to reflect the increasing of interest
pertambahan bunga dan dikurangi pembayaran and reduced by the lease payments. In addition,
sewa yang dilakukan. Selain itu, jumlah tercatat the carrying amount of lease liabilities
liabilitas sewa diukur kembali jika terdapat remeasured if there is a modification, change in
modifikasi, perubahan jangka waktu sewa, lease term, change of lease payment, or
perubahan pembayaran sewa, atau perubahan changes in assessment of purchase option of
dalam penilaian opsi untuk membeli aset the underlying asset.
pendasar.
Pembayaran sewa dialokasikan menjadi bagian Each leases payment is allocated between the
pokok dan biaya keuangan. Biaya keuangan liability and finance cost. The finance cost is
dibebankan pada laba rugi selama periode sewa charged to profit or loss over the leases period
sehingga menghasilkan tingkat suku bunga so as to produce a constant periodic rate of
periodik yang konstan atas saldo liabilitas untuk interest on the remaining balance of the liability
setiap periode. for each period.
Jika sewa mengalihkan kepemilikan aset If the leases transfers ownership of the
pendasar kepada Bank pada akhir masa sewa underlying asset to the Bank by the end of the
atau jika biaya perolehan aset hak-guna leases term or if the cost of the right-of-use
merefleksikan Bank akan mengeksekusi opsi beli, asset reflects that the Bank will exercise a
maka Bank menyusutkan aset hak-guna dari purchase option, the Bank depreciates the right-
tanggal permulaan hingga akhir umur manfaat of-use asset from the commencement date to
aset pendasar. Jika tidak, maka Bank the end of the useful life of the underlying asset.
menyusutkan aset hak-guna dari tanggal Otherwise, the Bank depreciates the right-of-
permulaan hingga tanggal yang lebih awal antara use asset from the commencement date to the
akhir umur manfaat aset hak-guna atau akhir earlier of the end of the useful life of the right-of-
masa sewa. use asset or the end of the leases term.
Modifikasi sewa Leases modification
Bank mencatat modifikasi sewa sebagai sewa The Bank account for a leases modification as a
terpisah jika: separate leases if both:
- modifikasi meningkatkan ruang lingkup sewa - the modification increases the scope of the
dengan menambahkan hak untuk leases by adding the right to use one or
menggunakan satu aset pendasar atau lebih; more underlying assets;
- imbalan sewa meningkat sebesar jumlah yang - the consideration for the leases increases by
setara dengan harga tersendiri untuk an amount commensurate with the
peningkatan dalam ruang lingkup dan standalone price for the increase in scope
penyesuaian yang tepat pada harga tersendiri and any appropriate adjustments to that
tersebut untuk merefleksikan kondisi kontrak standalone price to reflect the circumstances
tertentu. of the particular contract.
40
Page 580
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
q. Liabilitas segera q. Obligations due immediately
Liabilitas segera dicatat pada saat timbulnya Obligations due immediately are recorded at the
liabilitas atau diterima perintah dari pemberi time the obligations occurred or on receipt of
amanat, baik dari masyarakat maupun dari bank transfer orders from customers or other banks.
lain. Liabilitas segera dinyatakan sebesar Obligations due immediately are stated at the
liabilitas Bank dan diukur sebesar biaya amount payable by the Bank measured at their
perolehan diamortisasi. amortized cost.
r. Simpanan dari nasabah r. Deposits from customers
Simpanan dari nasabah adalah dana yang Deposits from customers are the funds placed
ditempatkan oleh masyarakat kepada Bank by customers (excluding banks) with the Bank
berdasarkan perjanjian penyimpanan dana. based on fund deposit agreements. Included in
Termasuk dalam akun ini adalah giro, tabungan, this account are current accounts, saving
deposito berjangka dan bentuk lain yang accounts, time deposits and other forms which
dipersamakan dengan itu. are similar.
Giro merupakan simpanan dari nasabah yang Current accounts represent customers’ funds
dapat digunakan sebagai alat pembayaran, yang which can be used as payment instruments, and
penarikannya dapat dilakukan setiap saat melalui which can be withdrawn by the depositors at any
cek, atau dengan cara pemindahbukuan dengan time through check writing, or transfers between
bilyet giro dan sarana perintah pembayaran accounts using bilyet giro and other orders of
lainnya. payment or transfer.
Tabungan merupakan simpanan dari nasabah Savings deposits represent deposits of
yang penarikannya hanya dapat dilakukan customers that may only be withdrawn over the
melalui counter dan kartu Anjungan Tunai counter and via Automatic Teller Machine card
Mandiri (ATM), atau dengan cara (ATM), or funds transfers when certain agreed
pemindahbukuan jika memenuhi persyaratan conditions are met, but which may not be
yang disepakati, tetapi penarikan tidak dapat withdrawn by cheque or other equivalent
dilaksanakan dengan menggunakan cek atau instruments.
instrumen setara lainnya.
Deposito berjangka merupakan simpanan Time deposits represent deposits from
nasabah di Bank yang penarikannya hanya customers with the Bank that may only be
dapat dilakukan pada waktu tertentu sesuai withdrawn at specific maturities in accordance
dengan perjanjian antara nasabah dengan Bank. with the agreements between the depositor and
the Bank.
Deposito on call merupakan deposito dengan Deposits on call represent deposits with daily
jangka waktu harian dan dapat ditarik sewaktu- maturity and could be withdrawn at any time.
waktu.
41
Page 581
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
r. Simpanan dari nasabah (lanjutan) r. Deposits from customers (continued)
Simpanan nasabah diklasifikasikan sebagai Deposits from customers are classified as
liabilitas keuangan dan diukur pada biaya financial liabilities and measured at amortized
perolehan diamortisasi menggunakan suku bunga cost using the effective interest rate except for
efektif, kecuali simpanan berdasarkan prinsip deposits under sharia principles that are stated
syariah yang dinyatakan sebesar liabilitas Bank as the Bank’s liability to the customers.
kepada nasabah. Biaya tambahan yang dapat Incremental costs that can be attributed directly
diatribusikan secara langsung dengan perolehan to the acquisition of deposits from customers
simpanan nasabah dikurangkan dari jumlah are deducted from total deposits received.
simpanan yang diterima.
Simpanan dari nasabah berdasarkan prinsip Deposits from customers under sharia principles
syariah terdiri dari: as follows:
1) Simpanan syariah berupa giro wadiah yad- 1) Sharia deposits in the form of wadiah yad-
adhamanah, yakni titipan dana dalam bentuk adhamanah, a current account whereby the
giro yang akan mendapatkan bonus sesuai customers may receive bonus income in
dengan kebijakan Bank; dan accordance with the Bank’s policy; and
2) Investasi tidak terikat syariah, berupa: 2) Sharia non-binding investments in the form
of:
a) Tabungan mudharabah mutlaqah, yaitu a) Mudharabah mutlaqah savings are non-
tabungan tidak terikat, dimana nasabah binding saving investments on which
akan memperoleh bagi hasil (nisbah) the customers are entitled to receive a
atas penggunaan dana nasabah sesuai share of the Bank’s Sharia Unit’s
dengan kesepakatan bersama antara income (nisbah) in return for the usage
Bank dan nasabah; dan of the funds in accordance with the
defined terms; and
b) Deposito mudharabah mutlaqah, yaitu b) Mudharabah mutlaqah deposits are
deposito tidak terikat sebagai investasi non-binding investments in the form of
berjangka, dimana nasabah akan time deposits on which the customers
memperoleh bagi hasil (nisbah) atas are entitled to receive a share of the
penggunaan dana nasabah sesuai Bank’s Sharia Unit’s income (nisbah)
dengan kesepakatan bersama antara for the usage of the funds in
Bank dan nasabah. accordance with the pre-defined terms.
s. Simpanan dari bank lain s. Deposits from other banks
Simpanan dari bank lain terdiri dari liabilitas Deposits from other banks represent liabilities to
terhadap bank lain, baik dalam maupun luar domestic and overseas banks, in the form of
negeri, dalam bentuk giro, tabungan, deposito current accounts, savings, time deposits,
berjangka, giro wadiah, tabungan mudharabah wadiah current accounts, mudharabah savings
dan deposito berjangka mudharabah. and time deposits.
Simpanan dari bank lain diklasifikasikan sebagai Deposits from other banks are classified as
liabilitas keuangan dan diukur pada biaya financial liabilities and measured at amortized
perolehan diamortisasi menggunakan suku cost using the effective interest rate except for
bunga efektif, kecuali simpanan syariah yang sharia deposits which are stated at the Bank’s
dinyatakan sebesar nilai liabilitas Bank kepada liability amount to the customer. Incremental
nasabah. Biaya tambahan yang dapat costs that can be attributed directly to the
diatribusikan secara langsung dengan perolehan acquisition of deposits from other banks are
simpanan dari bank lain dikurangkan dari jumlah deducted from the total deposits received.
simpanan yang diterima.
42
Page 582
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
t. Pinjaman yang diterima t. Borrowings
Pinjaman diterima merupakan dana yang Borrowings are funds received from Bank
diterima dari Bank Indonesia atau pihak lain Indonesia or other parties with payment
dengan liabilitas pembayaran kembali sesuai obligation based on borrowings agreement.
dengan persyaratan perjanjian pinjaman.
Pinjaman diterima diakui sebesar nilai wajar Borrowings are initially recognized at fair value
pada awalnya dan selanjutnya diukur sebesar and subsequently measured at amortized cost
biaya perolehan diamortisasi dengan using the effective interest rate method.
menggunakan metode suku bunga efektif. Amortized cost is calculated by taking into
Biaya perolehan diamortisasi dihitung dengan account any discount or premium related to the
memperhitungkan adanya diskonto atau premi initial recognition of borrowings and transaction
terkait dengan pengakuan awal pinjaman costs are an integral part of the effective
diterima dan biaya transaksi merupakan bagian interest rate method.
tidak terpisahkan dari metode suku bunga
efektif.
u. Dana syirkah temporer u. Temporary syirkah funds
Dana syirkah temporer merupakan investasi Temporary syirkah funds represent investment
dengan akad mudharabah mutlaqah, yaitu from other parties conducted on the basis
pemilik dana memberikan kebebasan kepada mudharabah mutlaqah contract in which the
pengelola dana dalam pengelolaan investasinya owners of the funds grant freedom to the fund
dengan keuntungan dibagikan sesuai manager in the management of their
kesepakatan. Dana syirkah temporer terdiri dari investments with profit distributed based on the
giro mudharabah, tabungan mudharabah, dan contract. Temporary syirkah funds consist of
deposito mudharabah. mudharabah current account, mudharabah
saving deposits, and mudharabah time
deposits.
Giro dan tabungan mudharabah merupakan Mudharabah current accounts and saving
investasi yang bisa ditarik kapan saja atau deposits represent investment which could be
sesuai dengan persyaratan tertentu yang withdrawn anytime or can be withdrawn based
disepakati. Giro dan tabungan mudharabah on certain agreed terms. Mudharabah current
dinyatakan sebesar saldo tabungan nasabah di accounts and savings deposits are stated
bank. based on the customer’s savings deposits
balance in bank.
Deposito mudharabah merupakan investasi Mudharabah time deposits represent
yang hanya bisa ditarik pada waktu tertentu investment that can only be withdrawn at a
sesuai dengan perjanjian antara pemegang certain time based on the agreement between
deposito mudharabah dengan bank. Deposito the customer and the bank. Mudharabah time
mudharabah dinyatakan sebesar nilai nominal deposits are stated at nominal amount as
sesuai dengan perjanjian antara pemegang agreed between the deposit holder and the
deposito dengan bank. bank.
Dana syirkah temporer tidak dapat digolongkan Temporary syirkah fund cannot be classified as
dengan kewajiban. Hal ini karena bank tidak liability. This was because bank does not have
berkewajiban untuk mengembalikan jumlah any liability to return the initial fund to the
dana awal dari pemilik dana kecuali akibat owners, except for losses due to bank
kelalaian atau wanprestasi ketika mengalami management’s negligence or when default of
kerugian. Di sisi lain dana syirkah temporer loss is incurred. On the other hand, temporary
tidak dapat digolongkan sebagai ekuitas karena syirkah fund cannot be classified as
mempunyai waktu jatuh tempo dan pemilik shareholders’ equity, because of the maturity
dana tidak mempunyai hak kepemilikan yang period and the depositors do not have the
sama dengan pemegang saham seperti hak same rights as the shareholders’ such as
voting dan hak atas realisasi keuntungan yang voting rights and the rights of realised gain
berasal dari aset lancar dan aset non investasi. from current assets and other non-investmet
account.
43
Page 583
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
u. Dana syirkah temporer (lanjutan) u. Temporary syirkah funds (continued)
Pemilik dana syirkah temporer mendapatkan The owner of temporary syirkah funds receives
imbalan bagi hasil sesuai dengan nisbah yang a return from the profit sharing based on
ditetapkan. predetermined ratio.
Hak nasabah atas bagi hasil dana syirkah temporer Third parties’ share on return of temporary
merupakan bagian bagi hasil milik nasabah yang syirkah funds represents customer’s share on
didasarkan pada prinsip mudharabah atas hasil the bank’s income derived from the
pengelolaan dana mereka oleh bank. Pendapatan management of their funds by the bank under
yang dibagikan adalah yang telah diterima (cash mudharabah principles. Income that will be
basis). distributed is the cash received (cash basis)
from the share.
Pembagian hasil usaha dilakukan berdasarkan The distribution of revenue is based on profit
prinsip bagi hasil usaha yaitu dari pendapatan bank sharing scheme on the bank’s gross profit
yang diterima berupa laba kotor (gross profit margin.
margin).
Pendapatan marjin dan bagi hasil atas pembiayaan Margin income and profit sharing on financing
yang diberikan dan atas aset produktif lainnya akan facilities and other earning assets are
dibagikan kepada nasabah penyimpan dana dan distributed to fund owners and the bank based
bank sesuai dengan proporsi dana yang dipakai on proportion of fund used in the financing and
dalam pembiayaan yang diberikan dan aset other earning assets. Margin income and profit
produktif lainnya. Selanjutnya, pendapatan margin sharing income allocated to fund owners are
dan bagi hasil yang tersedia untuk nasabah then distributed to fund owners and depositors
tersebut kemudian dibagihasilkan ke nasabah as shahibul maal and the bank as mudharib
penabung dan deposan sebagai shahibul maal dan based on a predetermined ratio (nisbah).
bank sebagai mudharib sesuai porsi nisbah bagi Margin income and profit sharing from financing
hasil yang telah disepakati bersama sebelumnya. facilities and other earning assets using the
Pendapatan marjin dan bagi hasil dari pembiayaan bank’s funds, are entirely shared for the bank,
dan aset produktif lainnya yang memakai dana including income from the bank’s fee-based
bank, seluruhnya menjadi milik bank, termasuk transactions.
pendapatan dari investasi bank berbasis imbalan.
v. Pendapatan dan beban bunga v. Interest income and expenses
Konvensional Conventional
Pendapatan dan beban bunga diakui pada laporan Interest income and expenses are recognized in
laba rugi dan penghasilan komprehensif lain the statement of profit or loss and other
dengan menggunakan metode suku bunga efektif. comprehensive income using the effective
interest rate method.
Suku bunga efektif adalah suku bunga yang secara The effective interest rate is the rate that exactly
tepat mendiskontokan estimasi pembayaran atau discounts the estimated future cash payments
penerimaan kas di masa datang selama perkiraan or receipts through the expected life of the
umur dari aset keuangan atau liabilitas keuangan financial instrument (or, where appropriate, a
(atau, jika lebih tepat, digunakan periode yang lebih shorter period) to the net carrying amount of the
singkat) untuk memperoleh nilai tercatat neto dari financial asset or financial liability.
aset keuangan atau liabilitas keuangan.
44
Page 584
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
v. Pendapatan dan beban bunga (lanjutan) v. Interest income and expenses (continued)
Konvensional (lanjutan) Conventional (continued)
Pada saat menghitung suku bunga efektif, Bank When calculating the effective interest rate, the
mengestimasi arus kas di masa datang dengan Bank estimates future cash flows considering all
mempertimbangkan seluruh persyaratan contractual terms of the financial instrument but
kontraktual dalam instrumen keuangan tersebut, not future credit losses. This calculation reflects
tetapi tidak mempertimbangkan kerugian kredit di all commissions, provisions, and other forms
masa mendatang. Perhitungan ini mencakup that accepted by the parties in the contract
seluruh komisi, provisi, dan bentuk lain yang which are an integral part of the effective
diterima oleh para pihak dalam kontrak yang interest rate, transaction costs, and all other
merupakan bagian yang tidak terpisahkan dari suku premiums and discounts.
bunga efektif, biaya transaksi, dan seluruh premi
atau diskon lainnya.
Jika aset keuangan atau kelompok aset keuangan If financial assets or similar financial asset
serupa telah diturunkan nilainya sebagai akibat groups have been impaired as a consequence
kerugian penurunan nilai, maka pendapatan bunga of a loss on impairment, then the interest
yang diperoleh setelahnya diakui berdasarkan suku income subsequently received is recognized
bunga yang digunakan untuk mendiskonto arus kas based on the interest rate used for discounting
masa datang dalam menghitung kerugian future cash flows in calculating the loss on
penurunan nilai. impairment.
Kredit yang pembayaran angsuran pokok atau Loans where the principal or interest has been
bunganya telah lewat 90 hari atau lebih setelah past due for 90 days or more, or where
jatuh tempo, atau kredit yang pembayarannya reasonable doubt exists as to the timely
secara tepat waktu diragukan, secara umum collection, are generally classified as impaired
diklasifikasikan sebagai kredit yang mengalami loans.
penurunan nilai.
Syariah Sharia
Pendapatan operasi utama terdiri dari pendapatan The main operating income consists of income
dari murabahah, pendapatan bagi hasil dari from murabahah transactions, income from
pembiayaan mudharabah dan musyarakah dan profit sharing of mudharabah and musyarakah
pendapatan lainnya. financing and others.
Pendapatan atas piutang murabahah Income from murabahah receivables using the
menggunakan metode setara tingkat imbal hasil effective rate of return method (effective
efektif (margin efektif). Margin efektif adalah margin margin). Effective margin is the margin that
yang secara tepat mendiskontokan estimasi precisely discounts the estimated future cash
pembayaran atau penerimaan kas di masa datang payments or receipts through the expected life
selama perkiraan umur dari piutang murabahah. of the murabahah receivables. When calculating
Pada saat menghitung margin efektif, Bank the effective margin, Bank estimates the future
mengestimasi arus kas di masa datang dengan cash flows considering all contractual terms of
mempertimbangkan seluruh persyaratan the financial instrument, but does not consider
kontraktual dalam instrumen keuangan tersebut, the loss of receivables in the future. This
tetapi tidak mempertimbangkan kerugian piutang di calculation includes all commissions, provision
masa mendatang. Perhitungan ini mencakup fees and other forms accepted by the parties in
seluruh komisi, provisi dan bentuk lain yang the contract that are an inseparable part of the
diterima oleh para pihak dalam kontrak yang effective margin, transaction costs and all other
merupakan bagian tak terpisahkan dari margin premiums or discounts.
efektif, biaya transaksi, dan seluruh premi atau
diskon lainnya.
Bagi hasil dari pembiayaan mudharabah dan Profit sharing from mudharabah and
musyarakah diakui pada saat angsuran diterima musyarakah financing is recognized upon
secara tunai (cash basis). Pendapatan operasi collection (cash basis). Other main operating
utama lainnya terdiri dari pendapatan dari income consists of income derived from
penempatan pada bank syariah lain. Pendapatan placements with other sharia banks. Other main
operasi utama lainnya diakui pada saat diterima. operating income is recognized upon collection.
45
Page 585
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
v. Pendapatan dan beban bunga (lanjutan) v. Interest income and expenses (continued)
Syariah (lanjutan) Sharia (continued)
Margin dan bagi hasil diakui secara akrual, Margin and profit sharing are recognized on an
kecuali pendapatan margin dan bagi hasil atas accrual basis, except for margin and profit sharing
kredit yang diberikan dan pembiayaan syariah income on loans and sharia financing and other
dan aset produktif lainnya yang diklasifikasi earning assets classified as non-performing, which
sebagai non-performing, yang diakui pada saat is recognized only when such interest is received in
pendapatan tersebut diterima. Pendapatan cash. Margin and profit sharing income recognized
margin dan bagi hasil yang telah diakui tetapi or recorded but not yet received, is reversed when
belum tertagih dibatalkan pada saat kredit the loans are classified as non-performing, and the
diklasifikasikan non-performing, dan selanjutnya interest amounts are recorded as contingent
dilaporkan sebagai tagihan kontinjensi dalam receivables in the administrative accounts and
rekening administratif dan diakui sebagai such interest is recognized as income on a cash
pendapatan pada saat diterima tunai. received basis.
w. Pendapatan - provisi dan komisi w. Revenue - commissions and fees
Pendapatan provisi dan komisi yang jumlahnya Significant fees and commission income directly
signifikan yang berkaitan langsung dengan related to lending activities, or fees and
kegiatan pinjaman, atau pendapatan provisi dan commission income which relate to a specific
komisi yang berhubungan dengan jangka waktu period, are amortized over the term of the
tertentu, diamortisasi sesuai dengan jangka underlying contract using the effective interest rate.
waktu kontrak menggunakan suku bunga efektif. Unamortized fees and commission income relating
Untuk pinjaman yang dilunasi sebelum jatuh to loans settled prior to maturity are recognized at
temponya, saldo pendapatan provisi dan komisi the settlement date. Other fees and commission
ditangguhkan diakui pada saat pinjaman dilunasi. income are recognized at the transaction date.
Pendapatan provisi dan komisi lainnya diakui
pada saat terjadinya transaksi.
Pendapatan provisi dan komisi yang berkaitan Fees and commission income related to lending
dengan kredit diakui sebagai bagian dari activities are recognized as part of interest income.
pendapatan bunga. Untuk pembiayaan syariah, For sharia financing, fees and commissions are
provisi dan komisi diakui selama jangka waktu recognized over the term of the contract with the
akad dengan metode garis lurus. straight-line method.
Provisi dan komisi lainnya yang tidak berkaitan Other commissions and fees not related to lending
dengan kegiatan perkreditan dan atau jangka activities or loan periods, or not material are
waktu perkreditan, atau jumlahnya tidak material recognized as revenues and expenses at the time
diakui sebagai pendapatan atau beban pada saat the transactions occur.
terjadinya transaksi.
x. Pajak penghasilan badan x. Corporate income tax
Perlakuan akuntansi atas pajak penghasilan Accounting treatment for income tax is accordance
sesuai dengan PSAK 46, “Pajak Penghasilan”. with PSAK 46, “Income Tax”.
Beban pajak kini ditentukan berdasarkan laba Current tax expense is determined based on the
kena pajak dalam periode yang bersangkutan taxable income for the year computed using the
yang dihitung berdasarkan tarif pajak yang prevailing tax rates or substantively enacted at the
berlaku atau yang secara substansial telah reporting date.
berlaku pada tanggal pelaporan.
46
Page 586
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
x. Pajak penghasilan badan (lanjutam) x. Corporate income tax (continued)
Bank menerapkan metode liabilitas untuk The Bank applies the liability method to
menentukan pajak penghasilannya. Berdasarkan determine its income tax expense. Under the
metode liabilitas, aset dan liabilitas pajak liability method, deferred tax assets and
tangguhan diakui atas perbedaan temporer liabilities are recognized for temporary
pelaporan komersial dan pajak atas aset dan differences between the financial and the tax
liabilitas pada setiap tanggal pelaporan. Metode bases of assets and liabilities at each reporting
ini mensyaratkan pengakuan manfaat pajak di date. This method also requires the recognition
masa mendatang, contoh: saldo rugi fiskal yang of future tax benefits, such as the carryforward
belum digunakan, sepanjang terdapat of unused tax losses, to the extent that
kemungkinan besar realisasi manfaat pajak realization of such benefits is probable.
tersebut.
Aset dan liabilitas pajak tangguhan diukur Deferred tax assets and liabilities are measured
berdasarkan tarif pajak yang diharapkan akan at the tax rates that are expected to apply to the
berlaku pada tahun saat aset direalisasikan atau period when the asset is realized or the liability
liabilitas diselesaikan berdasarkan tarif atau is settled, based on tax rates (and tax laws) that
peraturan perpajakan yang berlaku atau yang have been enacted or substantively enacted at
secara substantif telah diberlakukan pada tanggal the statement of financial position date.
laporan posisi keuangan.
Penyesuaian atas liabilitas pajak dicatat saat Adjustments to tax obligations are recorded
surat ketetapan pajak diterima, atau jika Bank when an assessment is received or, if appealed
mengajukan keberatan, saat putusan banding by the Bank, when the result of the appeal is
telah diterbitkan. determined.
Jumlah tercatat aset pajak tangguhan ditelaah The carrying amount of deferred tax assets is
pada setiap tanggal pelaporan dan nilai tercatat reviewed at each reporting date and reduced to
aset pajak tangguhan tersebut diturunkan apabila the extent that it is no longer probable that
tidak lagi terdapat kemungkinan besar laba fiskal sufficient taxable profits will be available to
tersedia untuk mengkompensasi sebagian atau allow all or part of the benefit of the deferred tax
semua manfaat aset pajak tangguhan. assets to be utilized.
y. Laba per saham y. Basic earnings per share
Laba per saham dasar dihitung dengan membagi Basic earnings per share are computed by
laba tahun berjalan dengan jumlah rata-rata dividing income for the year by the weighted
tertimbang saham yang beredar pada tahun yang average number of shares outstanding during
bersangkutan. the year.
z. Program imbalan kerja z. Employee benefit plan
Bank menerapkan PSAK 24 (revisi 2013), The Bank implement PSAK 24 (revised 2013),
"Imbalan Kerja", efektif sejak 1 Januari 2015, "Employee benefit", effective January 1, 2015,
menggantikan PSAK 24 (revisi 2010): "Imbalan change of PSAK 24 (revised 2010): "Employee
Kerja". Dengan diterapkan PSAK 24 (revisi 2013), Benefit". The applied PSAK 24 (revised 2013),
maka Bank menghentikan penggunaan Bank which eliminates corridor approach in
pendekatan koridor dalam perhitungan calculation actuarial gain and loss in reporting
keuntungan dan kerugian aktuarial di periode period other comprehensive income.
pelaporan pada penghasilan komprehensif lain.
47
Page 587
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
z. Program imbalan kerja (lanjutan) z. Employee benefit plan (continued)
Program imbalan pasti Defined benefits plans
Imbalan kerja ditentukan berdasarkan peraturan The benefits are determined based on the
Bank dan Undang-undang Cipta Kerja No.11 Bank’s regulations and Job Creation No.11
tahun 2020 tanggal 2 November 2020. year 2020 dated 2 November 2020. The
Penyisihan untuk imbalan masa kerja diukur provision for employee service entitlements is
berdasarkan laporan aktuaria. Bank estimated on the basis of actuarial reports. The
menggunakan metode penilaian aktuarial Bank uses the projected unit credit method to
projected unit credit untuk menentukan nilai kini determine the present value of benefits, current
dari imbalan, biaya jasa kini dan biaya jasa lalu. service cost and past service cost. Actuarial
Keuntungan dan kerugian aktuarial diakui gains and losses are recognized as income or
sebagai pendapatan atau beban apabila expense when the net cumulative
akumulasi keuntungan dan kerugian aktuarial unrecognized actuarial gains and losses at the
bersih yang belum diakui untuk setiap program end of the previous reporting year exceed the
pada akhir periode pelaporan sebelumnya greater of 10% of the higher of the present
melebihi jumlah yang lebih besar diantara 10% value of the defined benefits obligation (before
dari nilai kini kewajiban imbalan pasti (sebelum deducting plan assets) or 10% of the fair value
dikurangi aset program) pada tanggal tersebut of plan assets at that date. Such actuarial gains
atau 10% dari nilai wajar aset program pada or losses are recognized as income or expense
tanggal tersebut. Keuntungan atau kerugian on a straight-line basis over the expected
aktuarial diakui sebagai pendapatan atau beban average remaining working lives of the
berdasarkan metode garis lurus selama rata-rata employees.
sisa masa kerja karyawan.
Biaya jasa lalu yang terjadi ketika pengenalan Past-service costs arising from the introduction
program imbalan pasti atau perubahan imbalan of a defined benefit plan or changes in the
terutang pada program yang ada diamortisasi benefits payable of an existing plan are
selama periode sampai dengan imbalan tersebut required to be amortized over the period until
menjadi hak pekerja atau vested. the benefits concerned become vested.
Imbalan kerja jangka pendek Short-term employee benefits
Imbalan kerja jangka pendek seperti upah, iuran Short-term employee benefits such as wages,
jaminan sosial, cuti jangka pendek, bonus dan social security contributions, short-term
imbalan non-moneter lainnya diakui selama compensated leaves, bonuses and other non-
periode jasa diberikan. Imbalan kerja jangka monetary benefits are recognized during the
pendek diukur sebesar jumlah yang tidak period when services have been rendered.
didiskontokan. Short-term employee benefits are measured
using undiscounted amounts.
Program pensiun manfaat pasti Defined benefit pension plan
Pada tahun 2019, Bank melakukan perubahan In 2019, the Bank has modified the Pension
Peraturan Dana Pensiun sesuai dengan Fund Policy in accordance with the decision of
Keputusan Direksi PT Bank Pembangunan the Directors of PT Bank Pembangunan
Daerah Jawa Timur Tbk selaku pendiri Dana Daerah Jawa Timur Tbk as the founder of
Pensiun Pegawai Bank Pembangunan Daerah Dana Pensiun Pegawai Bank Pembangunan
Jawa Timur No. 058/050.2/DIR/HCP/KEP tanggal Daerah Jawa Timur
12 Maret 2019. Peraturan Dana Pensiun tersebut No.058/050.2/DIR/HPC/KEP dated on March
telah mendapat pengesahan dari Dewan 12, 2019. The Pension Fund Policy was
Komisaris Otoritas Jasa Keuangan No.Kep- approved by the decree of Indonesia Financial
24/NB.1/2019 tanggal 14 Juni 2019. Services Authority No.KEP-24/NB.1/2019
dated on June 14, 2019.
48
Page 588
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
z. Program imbalan kerja (lanjutan) z. Employee benefit plan (continued)
Program pensiun manfaat pasti (lanjutan) Defined benefit pension plan (continued)
Peraturan Dana Pensiun tersebut merubah The Policy superseded the decision of the
Keputusan Direksi PT Bank Pembangunan Directors of PT Bank Pembangunan Daerah
Daerah Jawa Timur Tbk selaku pendiri Dana Jawa Timur Tbk as the founder of Dana
Pensiun Pegawai Bank Pembangunan Daerah Pensiun Pegawai Bank Pembangunan Daerah
Jawa Timur No.056/096/KEP/DIR/SK tanggal 22 Jawa Timur No.056/096/KEP/DIR/SK dated on
Mei 2017, yang telah mendapat pengesahan dari May 22, 2017, as approved by the decree of
Dewan Komisaris Otoritas Jasa Keuangan Indonesia Financial Services Authority
No.KEP-56/NB.1/2017 tanggal 8 November 2017. No.KEP-56/NB.1/2017 dated November 8,
Bank menyelenggarakan program pensiun 2017. The Policy applies to all employees who
manfaat pasti untuk pegawai yang telah terdaftar are registered in Financial Institutions Fund
di Dana Pensiun PT Bank Pembangunan Daerah Pension of PT Bank Pembangunan Daerah
Jawa Timur Tbk serta telah diangkat menjadi Jawa Timur Tbk and has been appointed as
pegawai tetap sampai dengan tanggal 24 Agustus permanent employee of the Bank before and
2012. Kontribusi pegawai sebesar 5% dari on August 24, 2012. The contribution paid by
penghasilan dasar pensiun pekerja dan atas sisa the employees is 5% of employees’ basic
jumlah yang perlu didanakan kepada Dana pension salaries and the remaining amount is
Pensiun merupakan kontribusi Bank. paid by the Bank.
Program pensiun iuran pasti Defined contribution pension plan
Sesuai dengan keputusan Direksi PT Bank In accordance with the decision of the Directors
Pembangunan Daerah Jawa Timur Tbk of PT Bank Pembangunan Daerah Jawa Timur
No.050/067/KEP/DIR/SDM tanggal 20 April 2012, Tbk No.050/067/KEP/DIR/SDM dated April 20,
Bank mengadakan perjanjian kerjasama dengan 2012, the Bank entered into a cooperation
Dana Pensiun Lembaga Keuangan (DPLK) Bank agreement with “Dana Pensiun Lembaga
Rakyat Indonesia pada tanggal 23 April 2012 Keuangan Bank Rakyat Indonesia“ dated April
tentang pengelolaan program pensiun iuran pasti 23, 2012 regarding defined contribution
bagi pegawai Bank. pension plan for the Bank’s employees.
Iuran kepada dana pensiun sebesar persentase Contribution payable to a pension fund
tertentu dari gaji pegawai yang menjadi peserta equivalent to a certain percentage of salaries
program pensiun iuran pasti Bank, dicadangkan for qualified employees under the Bank’s
dan diakui sebagai biaya ketika jasa telah defined contribution plan is accrued and
diberikan oleh pegawai-pegawai tersebut. recognized as expense when services have
been rendered by qualified employees.
Program asuransi tunjangan hari tua Pension insurance plan
1) Keputusan Direksi No.KEP.079/BPD/83 1) Directors’ decision No.KEP.079/BPD/83
tanggal 11 November 1983 dan perubahannya dated November 11, 1983 and its amendment
No.KEP.006/BPD/85 tanggal 29 Januari 1985, No.KEP.006/BPD/85 dated January 29, 1985,
Bank juga menyelenggarakan program the Bank provides mutual aid pensions
manfaat pasti dalam bentuk tunjangan hari tua (tunjangan hari tua) in the form of a Mutual
melalui Program Asuransi Tunjangan Hari Tua Aid Pension Insurance Plan (Program
untuk seluruh karyawan melalui perjanjian Asuransi Tunjangan Hari Tua) for all
kerja sama yang diadakan pada tanggal 3 employees through a cooperation agreement
November 1993 dengan Asuransi Jiwa dated November 3, 1993 with Asuransi Jiwa
Bersama Bumiputera 1912, tentang Bersama Bumiputera 1912 for insurance
Pengelolaan Program Asuransi Dwiguna under a program Asuransi Dwiguna Standar
Standar US$. Berdasarkan program ini, pada US$. Based on this program, at the
saat mulai memasuki masa pensiun, selain commencement of the pension period, in
tunjangan pensiun, karyawan juga akan addition to pension allowances, each
memperoleh tunjangan hari tua yang besarnya employee will also receive a mutual aid
bervariasi sesuai dengan jabatan terakhir dari pension (tunjangan hari tua) based on the
karyawan. employee’s latest position.
49
Page 589
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
z. Program imbalan kerja (lanjutan) z. Employee benefit plan (continued)
Program asuransi tunjangan hari tua (lanjutan) Pension insurance plan (continued)
1) Keputusan Direksi 1) Directors’ decision
No.046/042.1/KEP/DIR/SDM tanggal 3 Maret No.046/042.1/KEP/DIR/SDM dated March 3,
2008, telah diamendemen dengan Keputusan 2008 has been amended with Director’s
Direksi No.048/068.1/KEP/DIR/SDM decision No.048/068.1/KEP/DIR/SDM dated
tertanggal 3 Mei 2010 yang menyatakan May 3, 2010, which stated that the pension
besarnya tunjangan hari tua ditentukan sesuai allowance was determined based on the
dengan jabatan dengan besaran dasar uang employees position with a basic insurance
asuransi antara Rp22,5 sampai dengan value ranging from Rp22.5 to Rp200. The
Rp200. Premi asuransi masing-masing insurance premiums for employees are paid
peserta dibayar dimuka oleh Bank dan in advance by the Bank and are amortized
diamortisasi selama sisa masa kerja over the remaining years of service of
karyawan. employees.
Sesuai dengan Keputusan Direksi Pursuant with Director’s decision
No.050/020/ADD/SP/DIR/SDM tanggal No.050/020/ADD/SP/DIR/SDM dated March
30 Maret 2012 terkait addendum atas 30, 2012 about added for aggrement for
perjanjian kerjasama pengelolaan program management insurance program pension with
asuransi tunjangan hari tua dengan Asuransi Insurance Jiwasraya (Corporate) was
Jiwasraya bahwa disepakati adanya kenaikan acceptable increase premiums insurance.
uang asuransi dan premi.
2) Sesuai dengan persetujuan Dewan Komisaris 2) Pursuant to the Board of Commissioners’
No.040/090/DK/BPD/02 tanggal 30 Desember decision No.040/090/DK/BPD/02 dated
2002, Bank juga menyelenggarakan program December 30, 2002, the Bank also provides
manfaat pasti dalam bentuk tunjangan hari tua mutual aid pensions (tunjangan hari tua),
melalui Program Asuransi Tunjangan Hari Tua through management of a Mutual Aid Pension
untuk seluruh karyawan melalui perjanjian Insurance Plan (Program Asuransi Tunjangan
kerja sama yang diadakan pada tanggal 31 Hari Tua) for all employees under a
Desember 2002 dengan PT Asuransi cooperation agreement, dated December 31,
Jiwasraya (Persero) tentang Pengelolaan 2002 with PT Asuransi Jiwasraya (Persero)
Program Asuransi Tunjangan Hari Tua. regarding Management of a Mutual Aid
Berdasarkan program ini, pada saat mulai Pension Insurance Plan. Based on this plan,
memasuki masa pensiun, selain tunjangan at the commencement of the pension period,
pensiun, karyawan juga akan memperoleh in addition to a pension allowance,
tunjangan hari tua yang besarnya disesuaikan employees will also receive mutual aid
dengan masa kerja dan jumlah gaji terakhir. pensions (tunjangan hari tua) equal to the
Premi asuransi masing-masing peserta number of years of service multiplied by the
dibayar di muka oleh Bank dan diamortisasi employee’s latest monthly salary. The
selama sisa masa kerja karyawan. insurance premiums for employees are paid
in advance by the Bank and are amortized
over the remaining years of service of
employees.
3) Sesuai dengan persetujuan melalui Keputusan 3) Pursuant to the the approval through the
Direksi No.KEP.061/03/29/DIR/HC/KEP Decree of the Board of Directors
tanggal 18 Juli 2022, Bank juga No.KEP.061/03/29/DIR/HC/KEP dated July
menyelenggarakan program manfaat pasti 18, 2022, the Bank also organizes a defined
dalam bentuk tunjangan hari tua melalui benefit program in the form of pension
Program Asuransi Tunjangan Hari Tua untuk benefits through the pension Benefit
seluruh karyawan melalui perjanjian kerja Insurance Program for all employees through
sama yang diadakan pada tanggal 13 Juni a cooperation agreement held on June 13,
2022 dengan PT Asuransi Jiwa Inhealth 2022 with PT Asuransi Jiwa Inhealth
Indonesia, tentang Pengelolaan Program Indonesia, regarding the Management of the
Asuransi Dwiguna. Berdasarkan program ini, endowment Insurance Program. Based on
pada saat mulai memasuki masa pensiun, this program, when entering retirement age,
meninggal dunia, mengundurkan diri degan he dies, resigns with honor and resigns due
hormat dan mengundurkan diri karena to participating in the employee service
mengikuti program pengakhiran bakti pegawai. termination program.
50
Page 590
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
z. Program imbalan kerja (lanjutan) z. Employee benefit plan (continued)
Program imbalan pasca kerja lainnya dan jangka Other post employee benefits program and long-
panjang lainnya term employee benefits program
Bank juga memberikan imbalan pasca kerja dan The Bank also provides post benefits program and
jangka panjang lainnya, meliputi uang duka bagi long term benefit plan that includes death benefits
pegawai yang meninggal dunia dan penghargaan to employees who has passed away and gratuity.
masa kerja.
Liabilitas dan pendanaan penghargaan masa Liabilities and employees gratuity funding is
kerja dan uang duka dihitung aktuaris independen calculated by an independent actuary in projected
dengan metode projected unit credit. unit credit method.
Jasa produksi Bonuses
Bank juga memberikan jasa produksi tahunan The Bank also provides annual bonuses for
kepada para Komisaris, Direksi dan karyawan dan Commissioners, Directors and employees. These
untuk setiap tahun buku dicadangkan dan diakui costs are recognized as current year’s expenses
sebagai beban pada tahun berjalan yang and the amount is determined based on the
jumlahnya ditetapkan berdasarkan jumlah jasa bonuses authorized during Shareholders’ General
produksi yang disetujui dalam RUPS tahun-tahun Meetings (RUPS) in the prior year. Such bonuses
sebelumnya dan kemudian diusulkan untuk are subsequently proposed for approval by the
disetujui/disahkan dalam RUPS yang akan Shareholders in the following Shareholders’
datang. Jika terdapat selisih antara jumlah jasa General Meeting (RUPS). Any difference between
produksi yang dicadangkan dengan jumlah yang the amount accrued and the amount approved by
disahkan oleh RUPS, maka selisih tersebut the RUPS is charged/credited to statement of profit
dibebankan/dikreditkan pada laporan laba rugi or loss and other comprehensive income as an
dan penghasilan komprehensif lain sebagai addition to or deduction of the provision for
penambah atau pengurang cadangan jasa bonuses.
produksi.
Program penghargaan akhir masa jabatan Dewan End of service awards program for the Boards of
Komisaris dan Direksi Commissioners and Directors
Bank memberikan penghargaan akhir masa The Bank provides end of service awards program
jabatan untuk Komisaris dan Direksi melalui for Commissioners and Directors through an
program asuransi yang jumlahnya dihitung secara insurance program, which amount is calculated
proporsional sesuai dengan masa jabatannya proportionally during the period of service in
berdasarkan Surat Keputusan Dewan Komisaris accordance with a Decision Letter of the Bank’s
dan Direksi No.046/04/SK/DK/BPD/2008, tanggal Boards of Commissioners and Directors
30 April 2008 yang mengacu pada Akta Rapat No.046/04/SK/DK/BPD/2008, dated April 30, 2008
Umum Pemegang Saham No.55, tanggal 17 April referred to the Minutes of Shareholders’ Meeting
2008 yang dibuat oleh Notaris Untung No. 55, dated April 17, 2008 prepared by Untung
Darnosoewirjo, S.H., di Surabaya, akta RUPS Darnosoewirjo, S.H., public notary in Surabaya,
No.28 tanggal 19 Mei 2009 yang dibuat oleh Minutes of Shareholders’ Meeting No.28, dated
Notaris Untung Darnosoewirjo, S.H., di Surabaya May 19, 2009 prepared by Untung Darnosoewirjo,
dan RUPS No.26 tanggal 14 April 2010 yang S.H., public notary in Surabaya, and Minutes of
dibuat oleh Notaris Wachid Hasyim, S.H., di Shareholders’ Meeting No.26, dated April 14, 2010
Surabaya. prepared by Wachid Hasyim, S.H., public notary in
Surabaya.
Premi yang dibayar dibebankan pada laporan laba Premiums paid are charged proportionally to
rugi dan penghasilan komprehensif lain selama statement of profit or loss and other comprehensive
masa jabatannya secara proporsional. income over the service period.
51
Page 591
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
aa. Biaya emisi saham aa. Shares issuance costs
Biaya-biaya yang terjadi sehubungan dengan The cost related to the public offering of shares
penawaran saham kepada masyarakat (termasuk (including pre-emptive rights issue) are
penerbitan hak memesan efek terlebih dahulu) deducted from the proceeds and presented as a
dikurangkan langsung dari hasil emisi dan deduction from the “Other Paid-In Capital - Net”
disajikan sebagai pengurang pada akun account, under Equity section in the statements
“Tambahan Modal Disetor - Neto” sebagai bagian of financial position.
dari ekuitas pada laporan posisi keuangan.
ab. Dividen ab. Dividend
Pembagian dividen kepada para pemegang Dividend distribution to the Bank’s shareholders
saham Bank diakui sebagai sebuah liabilitas is recognized as a liability in the Bank financial
dalam laporan keuangan Bank pada tahun ketika statements in the year in which the dividends
dividen tersebut disetujui oleh para pemegang are approved by the Bank’s shareholders.
saham Bank.
ac. Provisi ac. Provisions
Provisi diakui jika Bank memiliki kewajiban kini Provisions are recognized when the Bank has a
(baik bersifat hukum maupun bersifat konstruktif) present obligation (legal or constructive) where,
yang akibat peristiwa masa lalu, besar as a result of a past event, it is probable that an
kemungkinannya penyelesaian kewajiban outflow of resources embodying economic
tersebut mengakibatkan arus keluar sumber daya benefits will be required to settle the obligation
yang mengandung manfaat ekonomi dan and reliable estimate can be made of the
estimasi yang andal mengenai jumlah kewajiban amount of obligation.
tersebut dapat dibuat.
Provisi ditelaah pada setiap tanggal pelaporan Provisions are reviewed at each reporting date
dan disesuaikan untuk mencerminkan estimasi and adjusted to reflect the current best
terbaik yang paling kini. Jika arus keluar sumber estimate. If it is no longer probable that an
daya untuk menyelesaikan kewajiban outflow of resources embodying economic
kemungkinan besar tidak terjadi, maka provisi benefits will be required to settle the obligation,
dibatalkan. the provision is reversed.
ad. Liabilitas dan aset kontinjensi ad. Contingent liabilities and assets
Liabilitas kontinjensi tidak diakui dalam laporan Contingent liabilities are not recognized in the
keuangan tetapi diungkapkan kecuali jika financial statements but are disclosed unless
kemungkinan terjadi kecil. Aset kontinjensi tidak the possibility of an outflow of resources
diakui namun diungkapkan dalam laporan embodying economic benefits is remote.
keuangan ketika adanya kemungkinan untuk Contingent assets are not recognized but are
mendapatkan manfaat ekonomi. disclosed in the financial statement when an
inflow of economic benefits are probable.
ae. Informasi segmen ae. Segment information
Bank menentukan dan menyajikan segmen The Bank determines and presents operating
operasi berdasarkan informasi yang secara segments based on the information that is
internal diberikan oleh bagian akuntansi kepada internally provided by accounting department to
pengambil keputusan operasional. the operating decision maker.
Bank mengidentifikasikan segmen operasi The Bank defines an operating segment as a
sebagai suatu komponen dari entitas: component of an entity:
1) yang terlibat dalam aktivitas bisnis yang 1) that engages in business activities from which
mana memperoleh pendapatan dan it may earn revenues and incur expenses
menimbulkan beban (termasuk pendapatan (including revenues and expenses relating to
dan beban terkait dengan transaksi dengan transactions with other components of the
komponen lain dari entitas yang sama); same entity);
52
Page 592
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
ae. Informasi segmen (lanjutan) ae. Segment information (continued)
Bank mengidentifikasikan segmen operasi The Bank defines an operating segment as a
sebagai suatu komponen dari entitas (lanjutan): component of an entity (continued):
2) hasil operasinya dikaji ulang secara reguler 2) whose operating results are reviewed regularly
oleh pengambil keputusan operasional untuk by the entity’s chief operating decision maker
membuat keputusan tentang sumber daya to make decisions about resources to be
yang dialokasikan pada segmen tersebut allocated to the segment and assess its
dan menilai kinerjanya; dan performance; and
3) tersedia informasi keuangan yang dapat 3) for which discrete financial information is
dipisahkan. available.
Bank mengungkapkan segmen operasionalnya Bank discloses its operating segments based on
berdasarkan segmen usaha yang meliputi business segments that consist of banking
perbankan konvensional dan syariah. conventional and sharia.
Segmen geografis meliputi penyediaan jasa di A geographical segment is engaged in providing
dalam lingkungan ekonomi tertentu yang services within a particular economic environment
memiliki risiko serta tingkat pengembalian yang that is subject to risks and returns that are different
berbeda dengan segmen operasi lainnya yang from those of segments operating in other
berada dalam lingkungan ekonomi lain. Segmen economic environments. The Bank’s geographical
geografis Bank adalah Jawa Timur dan selain segments are East Java and other than East Java.
Jawa Timur.
af. Peristiwa setelah periode pelaporan af. Subsequent event
Setiap peristiwa setelah akhir tahun yang Any post-year-end event that provides additional
menyebabkan tambahan informasi mengenai information about the Bank’s financial position
posisi keuangan Bank (adjusting event) akan (adjusting event) is reflected in the financial
disesuaikan dalam laporan keuangan. Peristiwa statements. Post-year-end events that are not
setelah akhir tahun yang bukan merupakan adjusting events, if any, are disclosed when
adjusting events, jika ada, akan diungkapkan material to the financial statements.
ketika memiliki dampak material terhadap
laporan keuangan.
ag. Penggunaan estimasi dan pertimbangan ag. Use of significant accounting estimates and
akuntansi signifikan judgments
Penyusunan laporan keuangan Bank The preparation of the Bank’s financial statements
mengharuskan manajemen untuk membuat requires management to make judgments,
pertimbangan, estimasi dan asumsi yang estimates and assumptions that affect the reported
mempengaruhi jumlah yang dilaporkan dari amounts of revenues, expenses, assets and
pendapatan, beban, aset dan liabilitas, dan liabilities, and the disclosure of contingent liabilities,
pengungkapan atas liabilitas kontinjensi, pada at the end of the reporting period. Uncertainty about
akhir periode pelaporan. Ketidakpastian these assumptions and estimates could result in
mengenai asumsi dan estimasi tersebut dapat outcomes that require a material adjustment to the
mengakibatkan penyesuaian material terhadap carrying amount of the asset and liability affected in
nilai tercatat aset dan liabilitas dalam periode future periods.
pelaporan berikutnya.
53
Page 593
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
ag. Penggunaan estimasi dan pertimbangan ag. Use of significant accounting estimates and
akuntansi signifikan (lanjutan) judgments (continued)
Pertimbangan Judgments
Pertimbangan berikut ini dibuat oleh manajemen The following judgments are made by
dalam rangka penerapan kebijakan akuntansi management in the process of applying the
Bank yang memiliki pengaruh paling signifikan Bank’s accounting policies that have the most
atas jumlah yang diakui dalam laporan keuangan: significant effects on the amounts recognized in
the financial statements:
Kelangsungan usaha Going concern
Manajemen Bank telah melakukan penilaian atas The Bank’s management has assessed the
kemampuan Bank untuk mempertahankan Bank’s ability to continue as a going concern
kelangsungan usahanya dan berkeyakinan bahwa and believes that the Bank has the resources to
Bank memiliki sumber daya untuk continue its business in the future. In addition to
mempertahankan usahanya di masa mendatang. that, management is not aware of any material
Selain itu, manajemen tidak mengetahui adanya uncertainty that may cast significant doubt to the
ketidakpastian material yang dapat menimbulkan Bank’s ability to continue as a going concern.
keraguan yang signifikan terhadap kemampuan Therefore, the financial statements have been
Bank untuk mempertahankan usahanya. Oleh prepared on going concern basis.
karena itu, laporan keuangan telah disusun atas
dasar usaha yang berkelanjutan.
Klasifikasi aset dan liabilitas keuangan Classification of financial assets and liabilities
Bank menetapkan klasifikasi atas aset dan The Bank determines the classifications of
liabilitas tertentu sebagai aset keuangan dan certain assets and liabilities as financial assets
liabilitas keuangan dengan mempertimbangkan and financial liabilities by judging if they meet
apakah definisi yang ditetapkan PSAK 71 the definition set forth in PSAK 71. Accordingly,
dipenuhi. Dengan demikian, aset keuangan dan the financial assets and financial liabilities are
liabilitas keuangan diakui sesuai dengan accounted for in accordance with the Bank’s
kebijakan akuntansi Bank seperti diungkapkan accounting policies disclosed in (Note 2d).
pada (Catatan 2d).
Nilai wajar instrumen keuangan Fair value of financial instruments
Semua aset dan liabilitas dimana nilai wajar All assets and liabilities in which fair value is
diukur atau diungkapkan dalam laporan keuangan measured or disclosed in the financial
dapat dikategorikan pada level hierarki nilai wajar, statements can be classified in fair value
berdasarkan tingkatan input terendah yang hierarchy levels, based on the lowest level of
signifikan atas pengukuran nilai wajar secara input that is significant on the overall fair value
keseluruhan: measurement:
- Level 1: harga kuotasian (tanpa penyesuaian) - Level 1: quoted price (without adjustments)
di pasar aktif untuk aset atau liabilitas yang in active markets for identical assets or
identik yang dapat diakses pada tanggal liabilities that are accessible at the
pengukuran. measurement date.
- Level 2: input selain harga kuotasian yang - Level 2: inputs other than quoted prices
termasuk dalam level 1 yang dapat diobservasi included in Level 1 that are observable for the
untuk aset dan liabilitas, baik secara langsung assets and liabilities, either directly or
atau tidak langsung. indirectly.
- Level 3: input yang tidak dapat diobservasi - Level 3: unobservable inputs for the asset
untuk aset dan liabilitas. and liability.
54
Page 594
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
ag. Penggunaan estimasi dan pertimbangan ag. Use of significant accounting estimates and
akuntansi signifikan (lanjutan) judgments (continued)
Pertimbangan (lanjutan) Judgments (continued)
Klasifikasi investasi pada biaya perolehan Classification to amortized cost investments
diamortisasi
Surat berharga dengan klasifikasi pada biaya The classification under amortized cost securities
perolehan diamortisasi membutuhkan judgment requires significant judgment. In making this
yang signifikan. Dalam membuat judgment ini, judgment, the Bank evaluates its business model
Bank mengevaluasi model bisnis dan and the contractual termsof thefinancial asset
persyaratan kontraktual dari aset keuangan yang give rise on specified dates to cash flows that are
pada tanggal tertentu meningkatkan arus kas solely payments of principal and interest.
yang semata dari pembayaran pokok dan bunga.
Aset keuangan yang tidak memiliki harga pasar Financial assets not quoted in an active market
Bank mengklasifikasikan aset keuangan dengan The Bank classifies financial assets by
mengevaluasi, antara lain, apakah aset tersebut evaluating, among others, whether the asset is
dikuotasi atau tidak di pasar aktif. Termasuk quoted or not in an active market. Included in the
dalam evaluasi adalah apakah aset keuangan evaluation on whether a financial asset is quoted
yang dikuotasi di pasar aktif tersebut ditentukan in an active market is the determination on
berdasarkan apakah harga kuotasi tersedia whether quoted prices are readily and regularly
secara rutin, dan apakah harga tersebut available, and whether those prices represent
mencerminkan harga aktual yang secara teratur actual and regulary occurring market
terjadi transaksi pasar secara wajar. transactions on an arm’s length basis.
Kontinjensi Contingencies
Bank saat ini terlibat dalam beberapa kasus Bank is currently involved in various legal
hukum. Estimasi atas biaya yang mungkin terjadi proceedings. The estimate of the probable costs
atas penyelesaian tuntutan-tuntutan tersebut for the resolution of these claims has been
sudah dikonsultasikan dengan penasihat dari developed in consultation with outside counsel
luar yang menangani pembelaan Bank dalam handling the Bank’s defense on these matters
hal-hal tersebut dan berdasarkan analisa dari and is based upon an analysis of the potential
hasil yang mungkin terjadi. Bank saat ini tidak results. The Bank currently does not believe that
yakin kalau kasus-kasus ini akan memiliki efek these proceedings will have a material adverse
kerugian yang material pada laporan keuangan. effect on the financial statements. It is possible,
Bagaimanapun, ada kemungkinan dari hasil-hasil however, that future results of operations could
operasi di masa akan datang akan terpengaruh be materially affected by changes in the
secara material oleh perubahan dari perkiraan- estimates or in the effectiveness of the strategies
perkiraan atau dalam keefektifan dari strategi relating to the proceedings.
yang berhubungan dengan kasus-kasus
tersebut.
55
Page 595
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
ag. Penggunaan estimasi dan pertimbangan ag. Use of significant accounting estimates and
akuntansi signifikan (lanjutan) judgments (continued)
Pertimbangan (lanjutan) Judgments (continued)
Penilaian mata uang fungsional Assessment of functional currency
Manajemen telah melakukan pertimbangan untuk The management has considered to use its
menentukan mata uang fungsional yang paling judgment to determine the entity’s functional
mewakili dampak ekonomi dari suatu transaksi, currency such that it most faithfully represents
kejadian dan kondisi-kondisi yang relevan the economic effects of the underlaying
terhadap entitas. Dalam membuat pertimbangan transactions, events and conditions that are
tersebut, Bank telah mempertimbangkan hal-hal relevant to the entity. In making this judgment,
sebagai berikut: the Bank has considered the following:
1) mata uang yang mempengaruhi harga jual 1) the currency that mainly influences sales
atas instrumen keuangan dan jasa-jasa prices for financial instruments and services
lainnya (biasanya dari mata uang atas harga (this will often be the currency in which sales
jual instrumen keuangan dan jasa-jasa yang prices for its financial instruments and
telah diselesaikan); services are denominated and settled);
2) mata uang atas dana yang dihasilkan dari 2) the currency in which funds from financing
aktivitas pendanaan; dan activities are generated; and
3) mata uang atas yang biasa diterima dari 3) the currency in which funds from operating
aktivitas operasi. are usually retained.
Sewa operasi Operating leases
Bank, sebagai lessee, telah mengadakan The Bank, as a lessee, has entered into lease
perjanjian sewa untuk bangunan yang on premises used for its operations. The Bank
digunakannya untuk operasi. Bank telah has determined that all signifikan risk and
menentukan bahwa semua risiko dan manfaat rewards of ownership of the properties it leases
signifikan dari kepemilikan properti yang disewa on operating lease are not transferrable to the
dalam sewa operasi tersebut tidak dapat dialihkan Bank.
kepada Bank.
Estimasi dan asumsi Estimates and assumptions
Asumsi utama masa depan dan sumber utama The key assumptions concerning the future and
estimasi ketidakpastian lain pada tanggal other key sources of estimation uncertainty at
pelaporan yang memiliki risiko signifikan yang the reporting date that have a significant risk of
dapat menimbulkan penyesuaian yang material causing a material adjustment to the carrying
terhadap nilai tercatat aset dan liabilitas untuk amounts of assets and liabilities within the next
tahun keuangan berikutnya, diungkapkan di financial year are disclosed below. The Bank
bawah ini. Bank mendasarkan asumsi dan based its assumptions and estimates on
estimasinya pada parameter yang tersedia pada parameters available when the financial
saat laporan keuangan disusun. Situasi yang ada statements were prepared. Existing
dan asumsi perkembangan masa depan, dapat circumstances and assumptions about future
berubah akibat perubahan pasar atau situasi yang developments, may change due to market
berada di luar kendali Bank. Perubahan- changes or circumstances arising beyond the
perubahan tersebut dicerminkan di dalam asumsi- control of the Bank. Such changes are reflected
asumsi terkait pada saat terjadinya. in the assumptions as they occur.
56
Page 596
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
ag. Penggunaan estimasi dan pertimbangan ag. Use of significant accounting estimates and
akuntansi signifikan (lanjutan) judgments (continued)
Estimasi dan asumsi (lanjutan) Estimates and assumptions (continued)
Aset pajak tangguhan Deferred tax assets
Aset pajak tangguhan diakui atas jumlah pajak Deferred tax assets are recognized for the
penghasilan terpulihkan (recoverable) pada future recoverable taxable income arising from
periode mendatang sebagai akibat perbedaan temporary difference. Management’s judgement
temporer yang boleh dikurangkan. Justifikasi is required to determine the amount of deferred
manajemen diperlukan untuk menentukan jumlah tax assets that can be recognized, based upon
aset pajak tangguhan yang dapat diakui, sesuai the likely timing on level of future taxable profits
dengan waktu yang tepat dan tingkat laba fiskal together with future tax planning strategics
di masa mendatang sejalan dengan strategi (Note 22g).
rencana perpajakan ke depan (Catatan 22g).
Pensiun Pension
Program-program pensiun ditentukan Pension programs are determined based on
berdasarkan perhitungan aktuaria. Perhitungan actuarial valuation. The actuarial valuation
aktuaria menggunakan asumsi-asumsi seperti involves assumptions such as discount rate
tingkat diskonto, tingkat pengembalian investasi, expected rate of returns on investments, future
tingkat kenaikan gaji, tingkat kematian, tingkat salary increase, mortality rate, resignation rates
pengunduran diri dan lain-lain (Catatan 54). and others (Note 54).
Penurunan nilai surat berharga pada biaya Impairment of amortized cost marketable
perolehan diamortisasi securities
Bank mereviu surat berharga yang Bank revwiews marketable securities classified
diklasifikasikan pada biaya perolehan amortized cost at each financial position date to
diamortisasi pada setiap tanggal posisi keuangan assess whether there is an impairment in value.
untuk menilai apakah telah terjadi penurunan
nilai.
Dalam menentukan pertimbangan, Bank In making this judgment, the Bank evaluates,
mengevaluasi diantaranya faktor, pergerakan among others factors, historical market price
harga pasar historis dan jangka waktu serta lama movements and duration and the extent to
perpanjangan di mana nilai wajar dari investasi which the fair value of the investment is less
kurang dari biayanya (Catatan 8 dan 43e). than the cost (Note 8 and 43e).
Penurunan nilai atas aset tidak produktif Impairment of non-productive assets
Bank melakukan penilaian atas penurunan nilai Bank assesses impairment on non productive
pada aset non-finansial kapan saja terdapat assets whenever events or changes in
peristiwa atau perubahan keadaan yang circumstances indicate that the carrying amount
mengindikasikan bahwa nilai tercatat pada suatu of an asset may not be recoverable. The factors
aset mungkin tidak dapat diperoleh kembali. that the Bank considers important which could
Faktor-faktor yang dianggap penting oleh Bank trigger an impairment review include the
yang dapat memicu adanya ulasan atas followings (Note 43e):
penurunan nilai termasuk sebagai berikut
(Catatan 43e):
1) Kinerja di bawah rata-rata yang signifikan 1) Significant underperfomance relative to
yang relatif terhadap hasil historis atau expected historical or projected future
proyeksi hasil operasi yang diharapkan; di operating results;
masa yang akan datang;
2) Perubahan yang signifikan dari cara 2) Significant changes in the manner of use of
penggunaan aset yang diperoleh atau the acquired assets or the strategy for
strategi untuk bisnis secara keseluruhan; overall business; and
dan
3) Tren negatif industri dan ekonomi yang 3) Significant negative industry or economic
signifikan. trends.
57
Page 597
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. INFORMATION OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
ag. Penggunaan estimasi dan pertimbangan ag. Use of significant accounting estimates and
akuntansi signifikan (lanjutan) judgments (continued)
Estimasi dan asumsi (lanjutan) Estimates and assumptions (continued)
Pengukuran penyisihan kerugian kredit Measurement of expected credit loss (ECL)
ekspektasian (ECL) allowance
Pengukuran penyisihan kerugian kredit The measurement of the expected credit loss
ekspektasian untuk aset keuangan yang diukur allowance for financial assets measured at
dengan biaya perolehan diamortisasi dan FVOCI amortized cost and FVOCI is an area that
adalah area yang memerlukan penggunaan requires the use of complex models and
model yang kompleks dan asumsi signifikan significant assumptions about future economic
tentang kondisi ekonomi dan perilaku kredit di conditions and credit behaviour (e.g. the
masa depan (misalnya kemungkinan pelanggan likelihood of customers defaulting and the
gagal bayar dan kerugian yang timbul). resulting losses). Explanation of the inputs,
Penjelasan tentang input, asumsi dan teknik assumptions and estimation techniques used in
estimasi yang digunakan dalam mengukur ECL measuring ECL is further detailed in (Note 2m),
dirinci lebih lanjut di (Catatan 2m), yang juga which also sets out key sensitivities of the ECL
menetapkan sensitivitas kunci ECL terhadap to changes in these elements.
perubahan elemen-elemen ini.
Sejumlah pertimbangan signifikan juga diperlukan A number of significant judgements are also
dalam menerapkan persyaratan akuntansi untuk required in applying the accounting
mengukur ECL, seperti: requirements for measuring ECL, such as:
- Menentukan kriteria untuk peningkatan risiko - Determining criteria for significant increase in
kredit yang signifikan; credit risk;
- Memilih model dan asumsi yang tepat untuk - Choosing appropriate models and
pengukuran ECL; assumptions for the measurement of ECL;
- Menetapkan jumlah dan bobot relatif dari - Establishing the number and relative
skenario forward-looking untuk setiap jenis weightings of forward-looking scenarios for
produk/pasar dan ECL terkait; dan each type of product/market and the
associated ECL; and
- Membentuk kelompok aset keuangan serupa - Establishing Banks of similar financial assets
untuk keperluan pengukuran ECL. for the purposes of measuring ECL.
Estimasi ini didasarkan pada asumsi-asumsi These estimates are based on assumptions
tentang sejumlah faktor dan hasil aktual mungkin about a number of factors and actual results
berbeda, yang tercermin dalam perubahan may differ, as reflected in changes in the ECL
penyisihan ECL tersebut di masa mendatang allowance in the future (Note 12).
(Catatan 12).
Penyusutan dan estimasi masa manfaat dari aset Depreciation and estimated useful lives of fixed
tetap assets
Biaya perolehan aset tetap disusutkan dengan The costs of fixed asset are depreciated on a
menggunakan metode garis lurus untuk bangunan straight-line method for buildings and on a
dan metode saldo menurun ganda untuk selain double declining balance method for other than
bangunan berdasarkan taksiran masa manfaat buildings over their estimated useful lives. The
ekonomisnya. Manajemen Bank mengestimasi Bank’s management estimates the useful lives
masa manfaat ekonomis aset tetap antara 4 of these fixed assets to be within 4 to 20 years.
sampai dengan 20 tahun.
Perubahan tingkat pemakaian dan perkembangan Changes in the expected level of the usage and
teknologi dapat mempengaruhi masa manfaat technological development could impact the
ekonomis dan nilai sisa aset, dan karenanya economic useful lives and the residual values of
biaya penyusutan masa depan mungkin direvisi the assets, and thefore future depreciation
(Catatan 15). changes could be revised (Note 15).
58
Page 598
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. KAS 3. CASH
31 Desember/ 31 Desember/
December 31, December 31,
2023 2022
Jumlah nosional mata uang Jumlah nosional mata uang
asing/ Notional amount Ekuivalen asing/ Notional amount Ekuivalen
foreign currencies (Dalam Rupiah/ foreign currencies (Dalam Rupiah/
angka penuh/ Rupiah angka penuh/ Rupiah
In full amount ) equivalent In full amount ) equivalent
Rupiah 2.593.983 1.946.513 Rupiah
Mata uang asing Foreign currencies
Dolar Amerika Serikat 1.731.887 26.668 1.338.167 20.832 United States Dollar
Riyal Saudi Arabia 3.759.449 15.436 1.749.592 7.242 Saudi Arabian Riyal
Dolar Singapura 663.426 7.746 967.717 3.420 Malaysian Ringgit
Euro 182.730 3.113 536.709 6.222 Singapore Dollar
Ringgit Malaysia 591.322 1.984 122.970 2.039 Euro
Dolar Australia 134.405 1.414 84.290 890 Australian Dollar
Poundsterling Inggris Raya 57.475 1.128 5.100 96 Great Britain Poundsterling
Yen Jepang 5.606.000 610 2.560.000 302 Japanese Yen
Dolar Hong Kong 186.580 368 215.120 429 Hong Kong Dollar
Yuan China Renminbi 150.105 325 124.248 277 Chinese Yuan Renminbi
Jumlah mata uang asing 58.792 41.749 Total foreign currencies
Jumlah kas 2.652.775 1.988.262 Total cash
Kas dalam Rupiah pada tanggal 31 Desember 2023 Cash in Rupiah as of December 31, 2023 and 2022,
dan 2022, masing-masing termasuk uang pada mesin includes funds at Automatic Teller Machines (ATM)
Anjungan Tunai Mandiri (ATM) dan Cash Recycle and Cash Recycle Machine (CRM) amounting to
Machine (CRM) sejumlah Rp300.802 dan Rp295.380. Rp300,802 and Rp295,380, respectively.
4. GIRO PADA BANK INDONESIA 4. CURRENT ACCOUNTS WITH BANK INDONESIA
31 Desember/ 31 Desember/
December 31, December 31,
2023 2022
Jumlah nosional mata uang Jumlah nosional mata uang
asing / Notional amount Ekuivalen asing / Notional amount Ekuivalen
foreign currencies (Dalam Rupiah/ foreign currencies (Dalam Rupiah/
angka penuh/ Rupiah angka penuh/ Rupiah
In full amount ) equivalent In full amount ) equivalent
Rupiah 7.940.618 10.774.286 Rupiah
Dolar Amerika Serikat 2.000.000 30.794 800.000 12.454 United States Dollar
Jumlah 7.971.412 10.786.740 Total
Dalam giro pada Bank Indonesia termasuk giro yang Current accounts with Bank Indonesia include current
didasarkan pada prinsip perbankan syariah sebesar accounts based on sharia banking principles
Rp188.268 dan Rp184.549 masing-masing pada amounting to Rp188,268 and Rp 184,549 as of
tanggal 31 Desember 2023 dan 2022. December 31, 2023 and 2022, respectively.
59
Page 599
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
4. GIRO PADA BANK INDONESIA (lanjutan) 4. CURRENT ACCOUNTS WITH BANK INDONESIA
(continued)
Rasio (GWM) Bank adalah sebagai berikut: The statutory reserve of the Bank was as follows:
31 Desember/ 31 Desember/
December 31, December 31,
2023 2022
Konvesional Conventional
Rupiah Rupiah
GWM Primer Primary Statutory Reserve
Harian 2,49% 4,75% Daily
Rata-rata 6,36% 7,40% Average
Penyangga Likuiditas Makroprudensial (PLM) 30,50% 36,38% Macroprudential Liquidity Buffer
Mata uang asing 6,62% 7,39% Foreign currencies
Syariah Sharia
Rupiah 5,81% 6,54% Rupiah
Rasio GWM pada tanggal 31 Desember 2023 dihitung The statutory reserves ratio as of December 31,
berdasarkan Peraturan Bank Indonesia (PBI) 2023 is calculated based on Bank Indonesia
No.15/15/PBI/2013 sebagaimana diubah terakhir Regulation (PBI) No.15/15/PBI/2013 which have
dengan PBI No.24/4/PBI/2022 tanggal 25 Februari been amanded with PBI No.24/4/PBI/2022
2022 dengan Peraturan Anggota Dewan Gubernur dated February 25, 2022 with PADG No.2 year
(PADG) terakhir yaitu PADG No.2 tahun 2023 tanggal 2023 dated March 24, 2023 regarding Statutory
24 Maret 2023 tentang tentang Giro Wajib Minimum Reserves in Rupiah and Foreign Currency, for
dalam Rupiah dan Valuta Asing, Bagi Bank Umum Conventional Commercial Banks, Islamic
Konvensional, Bank Umum Syariah dan Unit Usaha Commercial Banks and Sharia Business Units.
Syariah.
Berdasarkan surat dari Bank Indonesia Based on a letter from Bank Indonesia
No.25/321/DKMP/Srt/B tanggal 5 Desember 2023 dan No.25/321/DKMP/Srt/B dated December 5,2023
merujuk pada Peraturan Bank Indonesia Nomor and referring to Bank Indonesia Regulation
24/5/PBI/2022, untuk periode tanggal 1 Desember Number 24/5/PBI/2022, from December 1, 2023
2023 s/d 29 Februari 2024, Bank telah memperoleh to February 29, 2024, Bank has obtained
insentif atas penyediaan dana untuk kegiatan ekonomi incentives for providing funds for activities a
tertentu dan inklusif berupa pemotongan pemenuhan certain and inclusive economy that reduction in
GWM masing-masing sebesar 2,8% untuk the fulfillment of the statutory reserve
konvensional dan 2,0% untuk syariah. requirement by 2.8% for conventional and 2.0%
for sharia respectively.
Rasio GWM pada tanggal 31 Desember 2022 dihitung The statutory reserves ratio as of December 31,
berdasarkan Peraturan Bank Indonesia (PBI) 2022 is calculated based on Bank Indonesia
No.15/15/PBI/2013 sebagaimana diubah terakhir Regulation (PBI) No.15/15/PBI/2013 which have
dengan PBI No.24/4/PBI/2022 tanggal 25 Februari been amanded with PBI No.24/4/PBI/2022
2022 dengan Peraturan Anggota Dewan Gubernur dated February 25, 2022 with PADG
(PADG) terakhir yaitu PADG No.24/8/PADG/2022 No.24/8/PADG/2022 dated June 30, 2022
tanggal 30 Juni 2022 tentang tentang Giro Wajib regarding Statutory Reserves in Rupiah and
Minimum dalam Rupiah dan Valuta Asing, Bagi Bank Foreign Currency, for Conventional Commercial
Umum Konvensional, Bank Umum Syariah dan Unit Banks, Islamic Commercial Banks and Sharia
Usaha Syariah. Business Units.
Rasio PLM pada tanggal 31 Desember 2023 dihitung The PLM ratio as of December 31, 2023 is
berdasarkan Peraturan Bank Indonesia (PBI) calculated based on Bank Indonesia Regulation
No.15/15/PBI/2013 sebagaimana diubah terakhir (PBI) No.15/15/PBI/2013 which have been
dengan PBI No.24/16/PBI/2022 tanggal 31 Oktober amanded with PBI No.24/16/PBI/2022 dated
2022 dengan Peraturan Anggota Dewan Gubernur October 31, 2022 with PADG No.18 year 2023
(PADG) terakhir yaitu PADG No. 18 tahun 2023 dated November 29, 2023 regarding
tanggal 29 November 2023 tentang Rasio Intermediasi Macroprudential Intermediation Ratio and
Makroprudensial dan Penyangga Likuiditas Macroprudential Liquidity Buffer for
Makroprudensial bagi Bank Umum Konvensional, Bank Conventional Commercial Banks, Islamic
Umum Syariah, dan Unit Usaha Syariah. Commercial Banks and Sharia Business Units.
60
Page 600
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
4. GIRO PADA BANK INDONESIA (lanjutan) 4. CURRENT ACCOUNTS WITH BANK INDONESIA
(continued)
Rasio PLM pada tanggal 31 Desember 2022 dihitung The PLM ratio as of December 31, 2022 is calculated
berdasarkan Peraturan Bank Indonesia (PBI) based on Bank Indonesia Regulation (PBI)
No.15/15/PBI/2013 sebagaimana diubah terakhir No.15/15/PBI/2013 which have been amanded with
dengan PBI No.24/16/PBI/2022 tanggal 31 Oktober PBI No.24/16/PBI/2022 dated October 31, 2022 with
2022 dengan Peraturan Anggota Dewan Gubernur PADG No.24/14/PADG/2022 dated October 31, 2022
(PADG) terakhir yaitu PADG No. 24/14/PADG/2022 regarding Macroprudential Intermediation Ratio and
tanggal 31 Oktober 2022 tentang Rasio Intermediasi Macroprudential Liquidity Buffer for Conventional
Makroprudensial dan Penyangga Likuiditas Commercial Banks, Islamic Commercial Banks and
Makroprudensial bagi Bank Umum Konvensional, Sharia Business Units.
Bank Umum Syariah, dan Unit Usaha Syariah.
Pada tanggal 31 Desember 2023 dan 2022, sesuai As of December 31, 2033 and 2022, based on the
dengan ketentuan Bank Indonesia tersebut di atas, above Bank Indonesia regulations, The Bank is
Bank harus memenuhi persyaratan GWM dalam required to maintain primary statutory reserve in
Rupiah sebesar 9%, sedangkan untuk mata uang Rupiah amounting to 9%, while statutory reserve for
asing sebesar 4%. Untuk Penyangga Likuiditas foreign currency amounting to 4%. Macroprudential
Makroprudensial (PLM) masing-masing sebesar 6% Liquidity Buffer (PLM) amounting to 6% and 5% in
dan 5% dalam Rupiah pada tanggal 31 Desember Rupiah as of December 31, 2023 and 2022
2023 dan 31 Desember 2022. respectively.
Pada tanggal 31 Desember 2023 dan 2022, sesuai As of December 31, 2023 and 2022, based on the
dengan ketentuan Bank Indonesia tersebut Bank Indonesia regulations, for sharia principle, the
berdasarkan prinsip syariah, Bank harus memenuhi Bank is required to maintain statutory reserve in
persyaratan GWM dalam Rupiah masing-masing Rupiah amounting 7.5%.
sebesar 7,5%.
Bank telah memenuhi ketentuan Bank Indonesia The Bank has complied with Bank Indonesia
tentang Giro Wajib Minimum pada tanggal 31 regulations concerning the minimum reserve
Desember 2023 dan 2022. requirments as of December 31, 2023 and 2022.
Sisa umur jatuh tempo atas giro pada Bank Indonesia The remaining period of current amount with Bank
dikategorikan sebagai kurang dari 1 (satu) bulan Indonesia is catagorized as less than 1 (one) month
(Catatan 45). (Note 45).
61
Page 601
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
5. GIRO PADA BANK LAIN 5. CURRENT ACCOUNTS WITH OTHER BANKS
a. Berdasarkan bank a. By bank
31 Desember/ 31 Desember/
December 31, December 31,
2023 2022
Rupiah Rupiah
PT Bank Rakyat Indonesia (Persero) Tbk 248.110 146.357 PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank Central Asia Tbk 74.098 37.005 PT Bank Central Asia Tbk
PT Bank CIMB Niaga Tbk 10.873 4.440 PT Bank CIMB Niaga Tbk
PT Bank Mandiri (Persero) Tbk 2.990 2.150 PT Bank Mandiri (Persero) Tbk
PT Bank Negara Indonesia (Persero) Tbk 417 505 PT Bank Negara Indonesia (Persero) Tbk
336.488 190.457
Mata uang asing Foreign currencies
DBS Singapore Ltd 64.172 6.241 DBS Singapore Ltd
PT Bank Central Asia Tbk 54.323 26.777 PT Bank Central Asia Tbk
PT Bank Negara Indonesia (Persero) Tbk 18.428 70.647 PT Bank Negara Indonesia (Persero) Tbk
PT Bank Mandiri (Persero) Tbk 7.584 5.748 PT Bank Mandiri (Persero) Tbk
PT Bank Rakyat Indonesia (Persero) Tbk 5.987 2.365 PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank ICBC Indonesia 4.348 894 PT Bank ICBC Indonesia
154.842 112.672
Jumlah 491.330 303.129 Total
Cadangan kerugian penurunan nilai (1.077) (441) Allowance for impairment losses
Neto 490.253 302.688 Net
Pada tanggal 31 Desember 2023 dan 2022, giro As of December 31, 2023 and 2022, current
pada bank lain termasuk giro yang didasarkan accounts with other banks include current
pada prinsip perbankan syariah masing-masing accounts based on sharia banking principles
sebesar Rp209 dan Rp228. amounting to Rp209 and Rp228 respectively.
b. Berdasarkan mata uang b. By currency
31 Desember/ 31 Desember/
December 31, December 31,
2023 2022
Jumlah nosional Jumlah nosional
mata uang asing/ mata uang asing/
Notional amount Notional amount
foreign foreign
currencies Ekuivalen currencies Ekuivalen
(Dalam angka Rupiah/ (Dalam angka Rupiah/
penuh/ In full Rupiah penuh/ In full Rupiah
amount) equivalent amount) equivalent
Rupiah 336.488 190.456 Rupiah
Mata uang asing Foreign currencies
Dolar Amerika Serikat 5.074.571 78.132 5.665.585 96.313 United States Dollar
Dolar Singapura 5.495.878 64.172 538.334 6.241 Singapore Dollar
Yuan China Renminbi 2.003.450 4.348 399.403 894 Chinese Yuan Renminbi
Dolar Australia 335.609 3.531 493.256 5.208 Australian Dollar
Euro 182.202 3.104 141.924 2.353 Euro
Poundsterling Inggris Raya 56.643 1.112 52.645 989 Great Britain Poundsterling
Dolar Hong Kong 195.940 386 208.023 415 Hong Kong Dollar
Yen Jepang 521.168 57 2.205.651 260 Japanese Yen
Jumlah mata uang asing 154.842 112.673 Total foreign currencies
491.330 303.129
Cadangan kerugian penurunan nilai (1.077) (441) Allowance for impairment losses
Neto 490.253 302.688 Net
62
Page 602
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
5. GIRO PADA BANK LAIN (lanjutan) 5. CURRENT ACCOUNTS WITH OTHER BANKS
(continued)
c. Tingkat suku bunga per tahun c. Interest rates per annum
December 31, December 31,
2023 2022
Rupiah 0,10% 0,16% Rupiah
Mata uang asing 0,89% 0,29% Foreign Currencies
d. Berdasarkan hubungan d. By relationship
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, no current
tidak ada giro pada bank lain pada pihak accounts in related parties.
berelasi.
e. Berdasarkan kolektibilitas e. By collectability
Giro pada bank lain pada tanggal 31 Desember Current accounts with other banks as of
2023 dan 2022, digolongkan sebagai lancar. December 31, 2023 and 2022 were classified as
Tidak terdapat saldo giro pada bank lain yang current. None were blocked or under liens as
diblokir atau digunakan sebagai agunan. collateral.
f. Nilai tercatat bruto f. Gross carrying amount
31 Desember/
December 31,
2023
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Rupiah 336.488 - - 336.488 Rupiah
Mata uang asing 154.842 - - 154.842 Foreign currencies
Jumlah 491.330 - - 491.330 Total
Cadangan kerugian penurunan nilai (1.077) - - (1.077) Allowance for impairment losses
Neto 490.253 - - 490.253 Net
31 Desember/
December 31,
2022
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Rupiah 190.456 - - 190.456 Rupiah
Mata uang asing 112.673 - - 112.673 Foreign currencies
Jumlah 303.129 - - 303.129 Total
Penyisihan kerugian penurunan nilai (441) - - (441) Allowance for impairment losses
Neto 302.688 - - 302.688 Net
g. Cadangan kerugian penurunan nilai g. Allowance for impairment losses
31 Desember/ 31 Desember/
December 31, December 31,
2023 2022
Saldo awal tahun 441 238 Balance at beginning of year
Penyisihan tahun berjalan 636 203 Provision during the year
Saldo akhir tahun 1.077 441 Balance at end of year
Manajemen berpendapat bahwa jumlah Management believes that the allowance for
penyisihan kerugian penurunan nilai untuk impairment losses on current accounts with other
menutup kemungkinan kerugian yang timbul banks is adequate.
akibat adanya giro pada bank lain adalah
memadai.
63
Page 603
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
5. GIRO PADA BANK LAIN (lanjutan) 5. CURRENT ACCOUNTS WITH OTHER BANKS
(continued)
g. Cadangan kerugian penurunan nilai g. Allowance for impairment losses (continued0
(lanjutan)
Informasi mengenai klasifikasi aset keuangan Information with respect to classification of impaired
dan mengalami penurunan nilai dan tidak and not impaired financial assets also information
mengalami penurunan nilai berikut dengan about the staging of current accounts with other
informasi staging cadangan kerugian penurunan bank are disclosed in (Note 43e).
nilai giro pada bank lain diungkapkan pada
(Catatan 43e).
6. PENEMPATAN PADA BANK INDONESIA DAN 6. PLACEMENTS WITH BANK INDONESIA AND
BANK LAIN OTHER BANKS
a. Berdasarkan jenis dan mata uang a. By type and currency
2023 2022
Rupiah Rupiah
Deposito berjangka: Time deposits:
Lain-lain (Bank Perkreditan Rakyat) 1.500 7.000 Others (Rural Bank)
1.500 7.000
Pasar Uang Antar Bank: Interbank call money:
PT Bank DKI 400.000 - PT Bank DKI
PT Bank BTPN Tbk 400.000 - PT Bank BTPN Tbk
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Sulawesi Selatan dan Sulawesi Barat 346.985 300.000 Sulawesi Selatan dan Sulawesi Barat
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Kalimantan Timur dan Kalimantan Utara 308.000 200.000 Kalimantan Timur dan Kalimantan Utara
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Sumatera Selatan dan Bangka Belitung 295.000 240.000 Sumatera Selatan dan Bangka Belitung
PT Bank Pembangunan Daerah Bali 288.000 50.000 PT Bank Pembangunan Daerah Bali
PT. Bank Pan Indonesia Tbk 200.000 400.000 PT. Bank Pan Indonesia Tbk
PT Bank CTBC Indonesia 190.000 - PT Bank CTBC Indonesia
PT Bank Pembangunan Daerah Papua 180.000 175.000 PT Bank Pembangunan Daerah Papua
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Kalimantan Selatan 174.000 75.000 Kalimantan Selatan
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Kalimantan Tengah 170.000 150.000 Kalimantan Tengah
PT Bank Pembangunan Daerah Jambi 160.000 - PT Bank Pembangunan Daerah Jambi
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Sulawesi Tenggara 135.000 140.000 Sulawesi Tenggara
PT Bank Pembangunan Daerah Maluku dan PT Bank Pembangunan Daerah Maluku dan
Maluku Utara 135.000 140.000 Maluku Utara
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Sulawesi Utara Gorontalo 105.000 - Sulawesi Utara Gorontalo
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Nusa Tenggara Timur 100.000 100.000 Nusa Tenggara Timur
PT Bank Pembangunan Daerah Lampung 100.000 125.000 PT Bank Pembangunan Daerah Lampung
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Sulawesi Tengah 100.000 115.000 Sulawesi Tengah
PT Bank Ina Perdana Tbk 70.000 50.000 PT Bank Ina Perdana Tbk
PT Bank Syariah Indonesia Tbk 46.191 200.000 PT Bank Syariah Indonesia Tbk
PT Bank China Construction Bank Indonesia Tbk 46.191 - PT Bank China Construction Bank Indonesia Tbk
PT Bank Allo Bank Indonesia Tbk 45.000 - PT Bank Allo Bank Indonesia Tbk
PT Bank Capital Indonesia Tbk 45.000 - PT Bank Capital Indonesia Tbk
PT Bank JTrust Indonesia Tbk 22.000 - PT Bank JTrust Indonesia Tbk
PT Bank Victoria International Tbk 22.000 120.000 PT Bank Victoria International Tbk
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Jawa Tengah - 600.000 Jawa Tengah
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Jawa Barat dan Banten Tbk - 400.000 Jawa Barat dan Banten Tbk
PT Bank Nationalnobu Tbk - 110.000 PT Bank Nationalnobu Tbk
PT Bank Mestika Dharma Tbk - 100.000 PT Bank Mestika Dharma Tbk
PT Bank Sahabat Sampoerna - 100.000 PT Bank Sahabat Sampoerna
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Sumatera Utara - 100.000 Sumatera Utara
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Daerah Istimewa Yogyakarta - 100.000 Daerah Istimewa Yogyakarta
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Kalimantan Barat - 75.000 Kalimantan Barat
4.083.367 4.165.000
Fasilitas Simpanan Bank Indonesia (FASBI) 1.150.000 745.000 Bank Indonesia Deposit Facility (FASBI)
Term Deposit - 2.000.000 Term Deposit
Dikurangi: Diskonto yang
Less: Unamortized interest
belum diamortisasi (146) (671)
1.149.854 2.744.329
Jumlah 5.234.721 6.916.329 Total
Cadangan kerugian penurunan nilai (5.026) (3.154) Allowance for impairment losses
Neto 5.229.695 6.913.175 Net
64
Page 604
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
6. PENEMPATAN PADA BANK INDONESIA DAN 6. PLACEMENTS WITH BANK INDONESIA AND
BANK LAIN (lanjutan) OTHER BANKS (continued)
a. Berdasarkan jenis dan mata uang (lanjutan) a. By type and currency (continued)
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, placements
dalam penempatan pada Bank Indonesia dan with Bank Indonesia and other banks include
bank lain termasuk penempatan yang didasarkan placements based on sharia banking principles
pada prinsip perbankan syariah masing-masing amounting to Rp150,209 and Rp145,228
sebesar Rp150.209 dan Rp145.228. respectively.
b. Berdasarkan jangka waktu b. By maturity
December 31, December 31,
2023 2022
Kurang dari 1 bulan 5.233.221 6.309.329 Less than 1 month
1 - 3 bulan - 600.000 1 - 3 months
3 - 6 bulan 1.500 7.000 3 - 6 months
5.234.721 6.916.329
c. Berdasarkan kolektibilitas c. By collectability
Semua penempatan Bank pada Bank Indonesia All placements with Bank Indonesia and other
dan bank lain pada tanggal 31 Desember 2023 banks as of December 31, 2023 and December
dan 2022 digolongkan lancar. 2022 were classified as current.
d. Berdasarkan hubungan d. By relationship
Pada tanggal 31 Desember 2023 dan 2022 tidak As of December 31, 2023 and 2022, the Bank
terdapat penempatan pada pihak berelasi. had no funds placed with related parties.
e. Tingkat suku bunga per tahun e. Interest rates per annum
December 31, December 31,
2023 2022
Rupiah Rupiah
Interbank call money 5,92% 3,55% Interbank call money
Term deposit 5,64% 3,25% Term deposit
Deposit Facility 5,10% 3,08% Deposit Facility
Deposito berjangka 6,02% 3,49% Deposito berjangka
Mata uang asing Foreign Currencies
Term deposit 5,29% 0,00% Term deposit
Interbank call money 5,17% 1,47% Interbank call money
f. Nilai tercatat bruto f. Gross carrying amount
2023
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Rupiah: Rupiah:
Penempatan pada Bank Indonesia 1.149.854 - - 1.149.854 Placements with Bank Indonesia
Pasar uang antar Bank 4.083.367 - - 4.083.367 Interbank call money
Deposito berjangka 1.500 - - 1.500 Time deposits
Jumlah 5.234.721 - - 5.234.721 Total
Cadangan kerugian penurunan nilai (5.026) - - (5.026) Allowance for impairment losses
Neto 5.229.695 - - 5.229.695 Net
65
Page 605
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
6. PENEMPATAN PADA BANK INDONESIA DAN 6. PLACEMENTS WITH BANK INDONESIA AND
BANK LAIN (lanjutan) OTHER BANKS (continued)
f. Nilai tercatat bruto (lanjutan) f. Gross carrying amount (continued)
December 31,
2022
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Rupiah: Rupiah:
Penempatan pada Bank Indonesia 2.744.329 - - 2.744.329 Placements with Bank Indonesia
Pasar uang antar Bank 4.165.000 - - 4.165.000 Interbank call money
Deposito berjangka 7.000 - - 7.000 Time deposits
Jumlah 6.916.329 - - 6.916.329 Total
Penyisihan kerugian penurunan nilai (3.154) - - (3.154) Allowance for impairment losses
Neto 6.913.175 - - 6.913.175 Net
g. Cadangan kerugian penurunan nilai g. Allowance for impairment losses
December 31, December 31,
2023 2022
Saldo awal tahun 3.154 1.763 Balance at beginning of year
Penyisihan tahun berjalan 1.872 1.391 Provision during the year
Saldo akhir tahun 5.026 3.154 Balance at end of year
Manajemen berpendapat bahwa jumlah Management believes that the allowance for
penyisihan kerugian penurunan nilai untuk impairment losses on placements with Bank
menutup kemungkinan kerugian yang timbul Indonesia and other banks is adequate.
akibat adanya penempatan pada Bank Indonesia
dan bank lain adalah memadai.
Informasi mengenai klasifikasi aset keuangan Information with respect to classification of
dan mengalami penurunan nilai dan tidak impaired and not impaired financial assets also
mengalami penurunan nilai berikut dengan information about the staging of placement with
informasi staging cadangan kerugian penurunan other bank are disclosed in (Note 43e).
nilai penempatan pada bank lain diungkapkan
pada (Catatan 43e).
h. Penempatan pada bank lain yang digunakan h. Placements with other banks pledged as
sebagai jaminan collateral
Tidak terdapat penempatan pada bank lain yang There were no placements with other banks
digunakan sebagai jaminan pada tanggal-tanggal pledged as collateral as of December 31, 2023
31 Desember 2023 dan 2022. and 2022.
66
Page 606
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
7. TAGIHAN SPOT DAN DERIVATIF 7. SPOT AND DERIVATIVE RECEIVABLES
Tagihan spot dan derivatif per 31 Desember 2022 Spot and derivative receivables as of December 31,
adalah sebagai berikut: 2022 are as follows:
2022
Jumlah nosional mata uang Nilai wajar/ Fair values
Jenis asing/ National amount
Instrumen valuta/ foreign currencies Tagihan derivatif/ Instruments
Currency ( dalam angka penuh/in full Derivative Liabilitas derivatif/
amount) receivables Derivative payable
dalam Rupiah/ in Rupiah
Terkait nilai tukar Exchange rate related
Kontrak swap - jual USD 10.000.000 361 - Swap contract - sell
361 -
31 Desember
8. SURAT-SURAT BERHARGA 8. MARKETABLE SECURITIES
a. Berdasarkan jenis dan mata uang a. By type and currency
2023 2022
Nilai nominal/ Nilai tercatat/ Nilai nominal/ Nilai tercatat/
Nominal value Carrying value Nominal value Carrying value
Rupiah: Rupiah:
Biaya perolehan dimortisasi Amortised cost
Surat Utang Negara 4.784.487 4.848.046 11.798.009 12.025.332 Government bonds
Obligasi 2.084.021 2.089.300 1.841.700 1.851.074 Bonds
Sekuritas Rupiah Bank Indonesia 603.488 592.400 - - Bank Indonesia Rupiah Securities
Sukuk Bank Indonesia 450.000 450.000 400.000 400.000 Sukuk of Bank Indonesia
Sertifikat Investasi Mudharabah Antar Bank 450.000 450.000 325.000 325.000 Interbank Mudarabah Investment Certificate
Negotiable Certificate of Deposit (NCD) 30.000 28.500 50.000 47.237 Negotiable Certificate of Deposit (NCD)
Reksadana 90.000 90.000 90.000 90.000 Reksadana
Surat kredit berdokumen dalam negeri 12.913 12.913 2.056 2.056 Domestic L/C
8.504.909 8.561.159 14.506.765 14.740.700
Mata uang asing: Foreign currencies:
Wesel 112 112 362 362 Bill
112 112 362 362
Penyisihan kerugian penurunan nilai - (511) - (400) Allowance for impairment losses
Jumlah biaya perolehan diamortisasi 8.505.021 8.560.760 14.507.127 14.740.662 Total amortized cost
Nilai wajar melalui penghasilan komprehensif lain Fair value through other comprehensive income
Surat Utang Negara 7.727.329 7.762.560 8.574.841 8.476.609 Government bonds
Jumlah nilai wajar melalui penghasilan Total fair value through other comprehensive
komprehensif lain 7.727.329 7.762.560 8.574.841 8.476.609 income
Jumlah biaya perolehan diamortisasi dan nilai wajar Total amortized cost and fair value through
melalui penghasilan komprehensif lain 16.232.350 16.323.320 23.081.968 23.217.271 other comprehensive income
Penyisihan kerugian penurunan nilai - - - - Allowance for impairment losses
Jumlah surat berharga 16.232.350 16.323.320 23.081.968 23.217.271 Total marketable securities
b. Berdasarkan hubungan b. By relationship
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, there were
tidak terdapat surat berharga pada pihak no marketable securities transactions with related
berelasi. parties.
67
Page 607
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
8. SURAT-SURAT BERHARGA (lanjutan) 8. MARKETABLE SECURITIES (continued)
c. Berdasarkan penerbit c. By issuers
2023 2022
Pemerintah Republik Indonesia 1.042.400 20.501.941 Government of the Republic of Indonesia
Bank Indonesia 12.610.606 400.000 Bank Indonesia
Perbankan : Banking:
PT Bank Rakyat Indonesia (Persero) Tbk 181.055 146.035 PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank Aceh Syariah 150.000 225.000 PT Bank Aceh Syariah
PT Bank Mandiri (Persero) Tbk 114.000 27.343 PT Bank Mandiri (Persero) Tbk
PT Bank Muamalat Indonesia Tbk 100.000 - PT Bank Muamalat Indonesia Tbk
PT Bank NTB Syariah 100.000 - PT Bank NTB Syariah
PT Bank Negara Indonesia (Persero) Tbk 80.000 127.610 PT Bank Negara Indonesia (Persero) Tbk
PT Bank Syariah Indonesia Tbk 70.000 - PT Bank Syariah Indonesia Tbk
PT Bank Tabungan Negara (Persero) Tbk 55.500 32.003 PT Bank Tabungan Negara (Persero) Tbk
PT Bank Syariah Mega Indonesia 30.000 - PT Bank Syariah Mega Indonesia
PT Bank Mandiri Taspen 29.021 24.011 PT Bank Mandiri Taspen
PT Bank Maybank Indonesia Tbk 23.000 33.032 PT Bank Maybank Indonesia Tbk
PT Bank Pan Indonesia Tbk - 11.538 PT Bank Pan Indonesia Tbk
PT Bank Sinarmas Tbk - 100.000 PT Bank Sinarmas Tbk
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Jawa Barat dan Banten Tbk - 12.219 Jawa Barat dan Banten Tbk
932.576 738.790
Korporasi Corporate:
PT Semen Indonesia (Persero) Tbk 244.970 135.454 PT Semen Indonesia (Persero) Tbk
PT Astra Sedaya Finance 197.862 152.966 PT Astra Sedaya Finance
PT Permodalan Nasional Madani (Persero) 194.218 140.000 PT Permodalan Nasional Madani (Persero)
PT Pupuk Indonesia (Persero) 192.203 192.250 PT Pupuk Indonesia (Persero)
PT Sarana Multigriya Finansial (Persero) 133.308 26.000 PT Sarana Multigriya Finansial (Persero)
PT Federal International Finance 112.190 99.615 PT Federal International Finance
PT Kereta Api Indonesia (Persero) 90.877 91.519 PT Kereta Api Indonesia (Persero)
PT XL Axiata Tbk 85.097 60.000 PT XL Axiata Tbk
PT Perusahaan Listrik Negara (Persero) 83.628 69.861 PT Perusahaan Listrik Negara (Persero)
PT Pegadaian (Persero) 80.000 480.000 PT Pegadaian (Persero)
PT Adira Dinamika Multi Finance Tbk 74.888 24.803 PT Adira Dinamika Multi Finance Tbk
PT Tower Bersama Infrastructure Tbk 69.338 - PT Tower Bersama Infrastructure Tbk
PT Mandiri Tunas Finance 58.174 5.265 PT Mandiri Tunas Finance
PT Jasa Marga (Persero) Tbk 33.158 63.243 PT Jasa Marga (Persero) Tbk
PT BCA Finance 30.000 - PT BCA Finance
PT Toyota Astra Financial Services 25.000 - PT Toyota Astra Financial Services
PT Wahana Ottomitra Multiartha Tbk 15.036 - PT Wahana Ottomitra Multiartha Tbk
Surat kredit berdokumen dalam negeri 12.913 - Domestic L/C
PT Telekomunikasi Indonesia Tbk 5.279 5.454 PT Telekomunikasi Indonesia Tbk
Wesel 112 362 Bill
PT Indonesia Infrastructure Finance - 30.148 PT Indonesia Infrastructure Finance
1.738.249 1.576.940
Penyisihan kerugian penurunan nilai (511) (400) Allowance for impairment losses
Jumlah surat-surat berharga 16.323.320 23.217.271 Total marketable securities
68
Page 608
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
8. SURAT-SURAT BERHARGA (lanjutan) 8. MARKETABLE SECURITIES (continued)
d. Berdasarkan peringkat d. By rating
Peringkat surat berharga pada tanggal 31 The ratings of marketable securities as of
Desember 2023 dan 2022 adalah sebagai berikut: December 31, 2023 and 2022 are as follows:
December 31,
2023
Pemeringkat/ Peringkat/ Nilai tercatat/
Agencies Rating Carrying value
Rupiah: Rupiah:
Surat Utang Negara - - 12.610.606 Goverment Bonds
Bank Indonesia - - 1.042.400 Certificates of Bank Indonesia
PT Semen Indonesia (Persero) Tbk Pefindo idAA+ 244.970 PT Semen Indonesia (Persero) Tbk
PT Astra Sedaya Finance Pefindo idAAA 197.862 PT Astra Sedaya Finance
PT Permodalan Nasional Madani (Persero) - - 194.218 PT Permodalan Nasional Madani (Persero)
PT Pupuk Indonesia (Persero) Fitch Indonesia AAA(idn) 192.203 PT Pupuk Indonesia (Persero)
PT Bank Rakyat Indonesia (Persero) Tbk Pefindo idAAA 181.055 PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank Aceh Syariah Pefindo idA 150.000 PT Bank Aceh Syariah
PT Sarana Multigriya Finansial (Persero) Pefindo idAAA 133.308 PT Sarana Multigriya Finansial (Persero)
PT Bank Mandiri (Persero) Tbk Pefindo idAAA 114.000 PT Bank Mandiri (Persero) Tbk
PT Federal International Finance Pefindo idAAA 112.190 PT Federal International Finance
PT Bank Muamalat Indonesia Tbk Pefindo idA+ 100.000 PT Bank Muamalat Indonesia Tbk
PT Bank NTB Syariah - - 100.000 PT Bank NTB Syariah
PT Kereta Api Indonesia (Persero) - - 90.877 PT Kereta Api Indonesia (Persero)
PT XL Axiata Fitch Indonesia AAA(idn) 85.097 PT XL Axiata
PT Perusahaan Listrik Negara (Persero) Pefindo idAAA 83.628 PT Perusahaan Listrik Negara (Persero)
PT Pegadaian (Persero) Pefindo idAAA 80.000 PT Pegadaian (Persero)
PT Bank Negara Indonesia (Persero) Tbk Pefindo idAAA 80.000 PT Bank Negara Indonesia (Persero) Tbk
PT Adira Dinamika Multi Finance Tbk Pefindo idAAA 74.888 PT Adira Dinamika Multi Finance Tbk
PT Bank Syariah Indonesia Tbk Pefindo idAAA 70.000 PT Bank Syariah Indonesia Tbk
PT Tower Bersama Infrastructure Fitch Indonesia AA+(idn) 69.338 PT Tower Bersama Infrastructure
PT Mandiri Tunas Finance Pefindo idAA+ 58.174 PT Mandiri Tunas Finance
PT Bank Tabungan Negara (Persero) Tbk Fitch Indonesia AA+(idn) 55.500 PT Bank Tabungan Negara (Persero) Tbk
PT Jasa Marga (Persero) Tbk Pefindo idAA- 33.158 PT Jasa Marga (Persero) Tbk
PT Bank Syariah Mega Indonesia - - 30.000 PT Bank Syariah Mega Indonesia
PT BCA Finance Pefindo idAAA 30.000 PT BCA Finance
PT Bank Mandiri Taspen Pefindo idAAA 29.021 PT Bank Mandiri Taspen
PT Toyota Astra Financial Services Fitch Indonesia AAA(idn) 25.000 PT Toyota Astra Financial Services
PT Maybank Indonesia Tbk Pefindo idAAA 23.000 PT Maybank Indonesia Tbk
PT Wahana Ottomitra Multiartha Tbk Fitch indonesia AA(idn) 15.036 PT Wahana Ottomitra Multiartha Tbk
Surat kredit berdokumen dalam negeri - - 12.913 Domestic L/C
PT Telekomunikasi Indonesia Tbk Pefindo idAAA 5.279 PT Telekomunikasi Indonesia Tbk
Jumlah Rupiah 16.323.719 Total Rupiah
Mata uang asing: Foreign currency:
Wesel ekspor 112 Export bill
16.323.831
Penyisihan kerugian penurunan nilai (511) Allowance for impairment losses
Jumlah surat-surat berharga 16.323.320 Total marketable securities
69
Page 609
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
8. SURAT-SURAT BERHARGA (lanjutan) 8. MARKETABLE SECURITIES (continued)
d. Berdasarkan peringkat (lanjutan) d. By rating (continued)
December 31,
2022
Pemeringkat/ Peringkat/ Nilai tercatat/
Agencies Rating Carrying value
Rupiah: Rupiah:
Surat Utang Negara - - 20.501.941 Goverment Bonds
Bank Indonesia - - 400.000 Certificates of Bank Indonesia
PT Pegadaian (Persero) Pefindo idAAA 480.000 PT Pegadaian (Persero)
PT Bank Aceh Syariah Pefindo A 225.000 PT Bank Aceh Syariah
PT Pupuk Indonesia (Persero) Fitch Indonesia AAA(idn) 192.250 PT Pupuk Indonesia (Persero)
PT Astra Sedaya Finance Pefindo idAAA 152.966 PT Astra Sedaya Finance
PT Bank Rakyat Indonesia (Persero) Tbk Pefindo idAAA 146.035 PT Bank Rakyat Indonesia (Persero) Tbk
PT Permodalan Nasional Madani (Persero) - - 140.000 PT Permodalan Nasional Madani (Persero)
PT Semen Indonesia (Persero) Pefindo idAA+ 135.454 PT Semen Indonesia (Persero)
PT Bank Negara Indonesia (Persero) Tbk Pefindo idAAA 127.610 PT Bank Negara Indonesia (Persero) Tbk
PT Bank Sinarmas Tbk Fitch Indonesia A- 100.000 PT Bank Sinarmas Tbk
PT Federal International Finance Fitch Indonesia AAA(idn) 99.615 PT Federal International Finance
PT Kereta Api Indonesia (Persero) - - 91.519 PT Kereta Api Indonesia (Persero)
PT Perusahaan Listrik Negara (Persero) Pefindo idAAA 69.861 PT Perusahaan Listrik Negara (Persero)
PT Jasa Marga (Persero) Tbk Pefindo idAA- 63.243 PT Jasa Marga (Persero) Tbk
PT XL Axiata Tbk Fitch Indonesia AAA(idn) 60.000 PT XL Axiata Tbk
PT Maybank Indonesia Tbk Pefindo idAAA 33.032 PT Maybank Indonesia Tbk
PT Bank Tabungan Negara (Persero) Tbk Pefindo idAA+ 32.003 PT Bank Tabungan Negara (Persero) Tbk
PT Indonesia Infrastructure Finance Pefindo idAAA 30.148 PT Indonesia Infrastructure Finance
PT Bank Mandiri (Persero) Tbk Pefindo idAAA 27.343 PT Bank Mandiri (Persero) Tbk
PT Sarana Multigriya Finansial (Persero) Pefindo idAAA 26.000 PT Sarana Multigriya Finansial (Persero)
PT Adira Dinamika Multi Finance Tbk Pefindo idAAA 24.803 PT Adira Dinamika Multi Finance Tbk
PT Bank Mandiri Taspen Fitch indonesia AA(idn) 24.011 PT Bank Mandiri Taspen
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Jawa Barat dan Banten Tbk Pefindo idAA- 12.219 Jawa Barat dan Banten Tbk
PT Bank Pan Indonesia Tbk Pefindo idAA 11.538 PT Bank Pan Indonesia Tbk
PT Telekomunikasi Indonesia Tbk Pefindo idAAA 5.454 PT Telekomunikasi Indonesia Tbk
PT Mandiri Tunas Finance Pefindo idAA+ 5.265 PT Mandiri Tunas Finance
Jumlah Rupiah 23.217.309 Total Rupiah
Mata uang asing: Foreign currency:
Wesel ekspor 362 Export bill
23.217.671
Penyisihan kerugian penurunan nilai (400) Allowance for impairment losses
Jumlah surat-surat berharga 23.217.271 Total marketable securities
70
Page 610
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
8. SURAT-SURAT BERHARGA (lanjutan) 8. MARKETABLE SECURITIES (continued)
e. Jangka waktu dan tingkat bunga e. By maturity and interest rates
31 Desember/ 31 Desember/
December 31, December 31,
2023 2022
Kurang dari 1 tahun 11.668.277 986.769 Less than 1 year
1 - 5 tahun 4.655.554 22.230.902 1 - 5 years
16.323.831 23.217.671
Dikurangi: Penyisihan kerugian Less: Allowance for
penurunan nilai (511) (400) impairment losses
Jumlah surat-surat berharga 16.323.320 23.217.271 Total marketable securities
Tingkat bunga per tahun: Interest rates per annum:
31 Desember/ 31 Desember/
2023 2022
Rupiah Rupiah
Surat Utang Negara 5,72% 6,01% Government Bonds
Obligasi 6,40% 7,11% Bond
Sukuk Bank Indonesia 6,19% 3,85% Bank Indonesia Sukuk
Sertifikat Investasi Mudharabah Antarbank 6,24% 3,56% Interbank Mudharabah investment Certificate
Negotiable Cerificate of Deposit (NCD) 6,53% 5,15% Negotiable Cerificate of Deposit (NCD)
Reksadana 8,90% 4,94% Mutual Funds
f. Perubahan laba (rugi) yang belum direalisasi f. The movement of unrealized gains (losses)
Perubahan laba (rugi) yang belum direalisasi dari The movement of unrealized gains (losses) from
perubahan nilai wajar surat berharga untuk tujuan the change in fair value of marketable securities
investasi yang diukur pada nilai wajar melalui measured at fair value through other
penghasilan komprehensif lain adalah sebagai comprehensive income are as follows:
berikut:
December 31, December 31,
2023 2022
Saldo awal (142.034) 258.577 Beginning balance
Penambahan laba (rugi) yang belum Addition of unrealized gains (loss)
direalisasi selama tahun berjalan 63.074 (400.611) during the year
Jumlah sebelum pajak tangguhan (78.960) (142.034) Total before deferred tax
Pajak tangguhan 15.002 26.986 Deferred tax
Saldo akhir bersih (63.958) (115.048) Ending balance net
g. Kolektibilitas g. Collectibility
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, the
kolektibilitas surat-surat berharga adalah dalam collectibility of securities are classified as
kategori lancar. current.
h. Nilai tercatat bruto h. Gross carrying amount
31 Desember/
December 31,
2023
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Rupiah: Rupiah:
Surat Utang Negara 12.753.006 - - 12.753.006 Government bonds
Obligasi 2.089.300 - - 2.089.300 Bonds
Sekuritas Rupiah Bank Indonesia 450.000 - - 450.000 Bank Indonesia Rupiah Securities
Sukuk Bank Indonesia 450.000 - - 450.000 Bank Indonesia Sukuk
Sertifikat Investasi Mudharabah Interbank Mudarabah
Antar Bank (SIMA) 450.000 - - 450.000 Investment Cerificate
Negotiable Certificate of Deposit 28.500 - - 28.500 Negotiable Certificate of Deposit
Surat kredit berdokumen dalam negeri 12.913 - - 12.913 Domestic L/C
Reksadana 90.000 - - 90.000 Mutual funds
Mata uang asing: Foreign currencies:
Wesel 112 - - 112 Bill
Jumlah surat berharga 16.323.831 - - 16.323.831 Total marketable securities
Penyisihan kerugian penurunan nilai (511) - - (511) Allowance for impairment losses
Neto 16.323.320 - - 16.323.320 Net
71
Page 611
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
8. SURAT-SURAT BERHARGA (lanjutan) 8. MARKETABLE SECURITIES (continued)
h. Nilai tercatat bruto (lanjutan) h. Gross carrying amount (continued)
2022
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Rupiah: Rupiah:
Surat Utang Negara 20.501.941 - - 20.501.941 Government bonds
Obligasi 1.851.074 - - 1.851.074 Bonds
Sukuk Bank Indonesia 400.000 - - 400.000 Bank Indonesia Sukuk
Sertifikat Investasi Mudharabah Interbank Mudarabah
Antar Bank (SIMA) 325.000 - - 325.000 Investment Cerificate
Reksadana 90.000 - - 90.000 Mutual funds
Negotiable Certificate of Deposit 47.237 - - 47.237 Negotiable Certificate of Deposit
Surat kredit berdokumen dalam negeri 2.056 - - 2.056 Domestic L/C
Mata uang asing: Foreign currencies:
Wesel 362 - - 362 Bill
Surat berharga yang dijual dengan Marketable securities sold
Penyisihan kerugian penurunan nilai (400) - - (400) Allowance for impairment losses
Neto 23.217.271 - - 23.217.271 Net
i. Cadangan kerugian penurunan nilai atas surat i. Allowance for impairment losses for
berharga marketable securities
2023 2022
Saldo awal tahun 400 5.944 Balance at beginning of year
Penyisihan (pemulihan) tahun berjalan 111 (5.544) Provision (recovery) during the year
Saldo akhir tahun 511 400 Balance at end of year
Cadangan kerugian penurunan nilai atas surat Allowance for impairment losses for marketable
berharga adalah sebagai berikut: securities are as follows:
Jumlah minimum penyisihan kerugian penurunan Minimum allowance for impairment losses for
nilai surat-surat berharga yang wajib dibentuk marketable securities required by Bank
sesuai ketentuan Bank Indonesia pada tanggal Indonesia as of December 31, 2023 and 2022
31 Desember 2023 dan 2022 masing-masing amounted to Rp26,708 and Rp23,157,
adalah sebesar Rp26.708 dan Rp23.157. respectively.
Manajemen berpendapat bahwa jumlah Management believes that the allowance for
penyisihan kerugian penurunan nilai untuk impairment losses on marketable securities is
menutup kemungkinan kerugian yang timbul adequate.
akibat adanya surat berharga adalah memadai.
72
Page 612
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. SURAT BERHARGA YANG DIJUAL DENGAN JANJI 9. MARKETABLE SECURITIES FOR SALE WITH
DIBELI KEMBALI REVERSE REPURCHASE AGREEMENT
Pada tanggal 31 Desember 2023 dan 2022 surat As of December 31, 2023 and 2022, marketable
berharga yang dijual dengan janji dibeli kembali securities for sale with reverse repurchase agreement
adalah Rp8.303.663 dan Rp4.095.066. amount of Rp8,303,663 and Rp 4,095,066.
2023
Premium (diskonto) Laba (rugi) yang
yang belum belum
Jenis surat diamortisasi/ direalisasi/
berharga/ Nilai nominal/ Tanggal dimulai/ Tanggal jatuh tempo/ Unamortized premium Unrealised gain Nilai bersih/
Securities Nominal value Start date Maturity date (discount) (loss) Net value
Surat Utang Negara/Government Debt
Biaya perolehan diamortisasi/Amortised cost
18 Januari/ 15 Januari/
PBS003 25.000 (254) - 24.746
January 18 , 2023 January 15 , 2027
18 Januari/ 15 Januari/
PBS003 50.000 (509) - 49.491
January 18 , 2023 January 15 , 2027
25 Januari/ 15 Januari/
PBS003 10.000 (113) - 9.887
January 25 , 2023 January 15 , 2027
25 Januari/ 15 Januari/
PBS003 50.000 (629) - 49.371
January 25 , 2023 January 15 , 2027
25 Januari/ 15 Januari/
PBS003 50.000 (629) - 49.371
January 25 , 2023 January 15 , 2027
26 Januari/ 15 Januari/
PBS003 15.000 (177) - 14.823
January 26 , 2023 January 15 , 2027
14 Januari/ 15 Oktober/
PBS017 100.000 1.207 - 101.207
January 14 , 2021 October 15 , 2025
14 Januari/ 15 Oktober/
PBS017 100.000 1.220 - 101.220
January 14 , 2021 October 15 , 2025
14 Januari/ 15 Oktober/
PBS017 93.226 976 - 94.202
January 14 , 2021 October 15 , 2025
11 Februari/ 15 Oktober/
PBS017 50.000 564 - 50.564
February 11 , 2021 October 15 , 2025
11 Februari/ 15 Oktober/
PBS017 50.000 564 - 50.564
February 11 , 2021 October 15 , 2025
11 Februari/ 15 Oktober/
PBS017 100.000 1.167 - 101.167
February 11 , 2021 October 15 , 2025
8 April/ 15 Oktober/
PBS017 30.000 166 - 30.166
April 8 , 2021 October 15 , 2025
8 April/ 15 Oktober/
PBS017 50.000 268 - 50.268
April 8 , 2021 October 15 , 2025
8 April/ 15 Oktober/
PBS017 20.000 111 - 20.111
April 8 , 2021 October 15 , 2025
8 April/ 15 Oktober/
PBS017 20.000 91 - 20.091
April 8 , 2021 October 15 , 2025
8 April/ 15 Oktober/
PBS017 50.000 272 - 50.272
April 8 , 2021 October 15 , 2025
9 April/ 15 Oktober/
PBS017 30.000 165 - 30.165
April 9 , 2021 October 15 , 2025
8 April/ 15 Oktober/
PBS017 1.450 8 - 1.458
April 8 , 2021 October 15 , 2025
Dipindahkan/Brought forward 4.470 - 899.146
73
Page 613
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. SURAT BERHARGA YANG DIJUAL DENGAN JANJI 9. MARKETABLE SECURITIES FOR SALE WITH
DIBELI KEMBALI (lanjutan) REVERSE REPURCHASE AGREEMENT
(continued)
2023
Premium (diskonto) Laba (rugi) yang
yang belum belum
Jenis surat diamortisasi/ direalisasi/
berharga/ Nilai nominal/ Tanggal dimulai/ Tanggal jatuh tempo/ Unamortized premium Unrealised gain Nilai bersih/
Securities Nominal value Start date Maturity date (discount) (loss) Net value
Surat Utang Negara/Government Debt (lanjutan)/(continued)
Biaya perolehan diamortisasi/Amortised cost (lanjutan)/(continued)
Pindahan/Carry forward 4.470 - 899.146
22 April/ 15 Oktober/
PBS017 25.000 154 - 25.154
April 22 , 2021 October 15 , 2025
22 April/ 15 Oktober/
PBS017 25.000 178 - 25.178
April 22 , 2021 October 15 , 2025
23 April/ 15 Oktober/
PBS017 10.000 74 - 10.074
April 23 , 2021 October 15 , 2025
6 Mei/ 15 Oktober/
PBS017 50.000 356 - 50.356
May 6 , 2021 October 15 , 2025
14 Juni/ 15 Oktober/
PBS017 40.000 500 - 40.500
June 14 , 2021 October 15 , 2025
17 Juni/ 15 Oktober/
PBS017 10.000 124 - 10.124
June 17 , 2021 October 15 , 2025
17 Juni/ 15 Oktober/
PBS017 10.000 124 - 10.124
June 17 , 2021 October 15 , 2025
17 Juni/ 15 Oktober/
PBS017 10.000 124 - 10.124
June 17 , 2021 October 15 , 2025
13 Agustus/ 15 Oktober/
PBS017 20.000 351 - 20.351
August 13 , 2021 October 15 , 2025
13 Agustus/ 15 Oktober/
PBS017 55.324 991 - 56.315
August 13 , 2021 October 15 , 2025
4 Oktober/ 15 Oktober/
PBS017 50.000 887 - 50.887
October 4 , 2021 October 15 , 2025
28 Mei/ 15 Oktober/
PBS026 50.000 478 - 50.478
May 28 , 2021 October 15 , 2024
28 Mei/ 15 Oktober/
PBS026 25.000 255 - 25.255
May 28 , 2021 October 15 , 2024
Subjumlah/Subtotal 9.065 - 1.284.065
74
Page 614
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. SURAT BERHARGA YANG DIJUAL DENGAN JANJI 9. MARKETABLE SECURITIES FOR SALE WITH
DIBELI KEMBALI (lanjutan) REVERSE REPURCHASE AGREEMENT
(continued)
2023
Premium (diskonto) Laba (rugi) yang
yang belum belum
Jenis surat diamortisasi/ direalisasi/
berharga/ Nilai nominal/ Tanggal dimulai/ Tanggal jatuh tempo/ Unamortized premium Unrealised gain Nilai bersih/
Securities Nominal value Start date Maturity date (discount) (loss) Net value
Surat Utang Negara/Government Debt (lanjutan)/(continued)
Biaya perolehan diamortisasi/Amortised cost (lanjutan)/(continued)
Pindahan/Carry forward 9.065 - 1.284.065
31 Mei/ 15 Oktober/
PBS026 30.000 296 - 30.296
May 31 , 2021 October 15 , 2024
31 Mei/ 15 Oktober/
PBS026 30.000 316 - 30.316
May 31 , 2021 October 15 , 2024
31 Mei/ 15 Oktober/
PBS026 25.000 247 - 25.247
May 31 , 2021 October 15 , 2024
16 Juni/ 15 Oktober/
PBS026 35.000 456 - 35.456
June 16 , 2021 October 15 , 2024
16 Juni/ 15 Oktober/
PBS026 20.000 260 - 20.260
June 16 , 2021 October 15 , 2024
16 Juni/ 15 Oktober/
PBS026 30.000 390 - 30.390
June 16 , 2021 October 15 , 2024
16 Juni/ 15 Oktober/
PBS026 25.000 322 - 25.322
June 16 , 2021 October 15 , 2024
16 Juni/ 15 Oktober/
PBS026 20.000 258 - 20.258
June 16 , 2021 October 15 , 2024
15 September/ 15 Oktober/
PBS026 50.000 748 - 50.748
September 15 , 2021 October 15 , 2024
15 September/ 15 Oktober/
PBS026 10.000 150 - 10.150
September 15 , 2021 October 15 , 2024
4 Oktober/ 15 Oktober/
PBS026 50.000 741 - 50.741
October 4 , 2021 October 15 , 2024
4 Oktober/ 15 Oktober/
PBS026 25.000 367 - 25.367
October 4 , 2021 October 15 , 2024
4 Oktober/ 15 Oktober/
PBS026 50.000 735 - 50.735
October 4 , 2021 October 15 , 2024
4 Oktober/ 15 Oktober/
PBS026 25.000 385 - 25.385
October 4 , 2021 October 15 , 2024
19 Januari/ 15 Juli/
PBS030 50.000 (1.404) - 48.596
January 19 , 2023 October 15 , 2028
24 Januari/ 15 Juli/
PBS030 20.000 (537) - 19.463
January 24 , 2023 October 15 , 2028
27 Januari/ 15 Juli/
PBS030 3.000 (84) - 2.916
January 27 , 2023 October 15 , 2028
6 Februari/ 15 Juli/
PBS030 13.000 (317) - 12.683
February 6 , 2023 October 15 , 2028
Subjumlah/Subtotal 12.396 - 1.798.396
75
Page 615
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. SURAT BERHARGA YANG DIJUAL DENGAN JANJI 9. MARKETABLE SECURITIES FOR SALE WITH
DIBELI KEMBALI (lanjutan) REVERSE REPURCHASE AGREEMENT
(continued)
2023
Premium (diskonto) Laba (rugi) yang
yang belum belum
Jenis surat diamortisasi/ direalisasi/
berharga/ Nilai nominal/ Tanggal dimulai/ Tanggal jatuh tempo/ Unamortized premium Unrealised gain Nilai bersih/
Securities Nominal value Start date Maturity date (discount) (loss) Net value
Surat Utang Negara/Government Debt
Biaya perolehan diamortisasi/Amortised cost
Pindahan/Carry forward 12.396 - 1.798.396
6 Februari/ 15 Juli/
PBS030 14.000 (339) - 13.661
February 6 , 2023 Juli 15 , 2028
7 April/ 15 Juli/
PBS031 20.000 (66) - 19.934
April 7 , 2022 Juli 15 , 2024
7 April/ 15 Juli/
PBS031 20.000 (66) - 19.934
April 7 , 2022 Juli 15 , 2024
1 Juli/ 15 Juli/
PBS031 13.000 (89) - 12.911
July 1 , 2022 Juli 15 , 2024
28 Juli/ 15 Juli/
PBS031 30.000 (292) - 29.708
July 28 , 2022 Juli 15 , 2024
10 Agustus/ 15 Juli/
PBS031 7.000 (64) - 6.936
August 10 , 2022 Juli 15 , 2024
22 Agustus/ 15 Juli/
PBS031 10.000 (73) - 9.927
August 22 , 2022 Juli 15 , 2024
18 Januari/ 15 Agustus/
PBS036 50.000 (613) - 49.387
January 18 , 2023 August 15, 2025
19 Januari/ 15 Agustus/
PBS036 10.000 (136) - 9.864
January 19 , 2023 August 15, 2025
20 Januari/ 15 Agustus/
PBS036 20.000 (259) - 19.741
January 20 , 2023 August 15, 2025
20 Januari/ 15 Agustus/
PBS036 20.000 (259) - 19.741
January 20 , 2023 August 15, 2025
30 Juni/ 15 Mei/
FR0059 50.000 1.951 - 51.951
June 30 , 2021 May 15 , 2027
30 Juni/ 15 Mei/
FR0059 50.000 1.921 - 51.921
June 30 , 2021 May 15 , 2027
1 Juli/ 15 Mei/
FR0059 15.000 534 - 15.534
July 1 , 2021 May 15 , 2027
1 Juli/ 15 Mei/
FR0059 10.000 356 - 10.356
July 1 , 2021 May 15 , 2027
Subjumlah/Subtotal 14.900 - 2.139.900
76
Page 616
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. SURAT BERHARGA YANG DIJUAL DENGAN JANJI 9. MARKETABLE SECURITIES FOR SALE WITH
DIBELI KEMBALI (lanjutan) REVERSE REPURCHASE AGREEMENT
(continued)
2023
Premium (diskonto) Laba (rugi) yang
yang belum belum
Jenis surat diamortisasi/ direalisasi/
berharga/ Nilai nominal/ Tanggal dimulai/ Tanggal jatuh tempo/ Unamortized premium Unrealised gain Nilai bersih/
Securities Nominal value Start date Maturity date (discount) (loss) Net value
Surat Utang Negara/Government Debt (lanjutan)/(continued)
Biaya perolehan diamortisasi/Amortised cost (lanjutan)/(continued)
Pindahan/Carry forward 14.900 - 2.139.900
1 Juli/ 15 Mei/
FR0059 25.000 889 - 25.889
July 1 , 2021 May 15 , 2027
1 Juli/ 15 Mei/
FR0059 10.000 344 - 10.344
July 1 , 2021 May 15 , 2027
1 Juli/ 15 Mei/
FR0059 10.000 344 - 10.344
July 1 , 2021 May 15 , 2027
1 Juli/ 15 Mei/
FR0059 20.000 738 - 20.738
July 1 , 2021 May 15 , 2027
1 Juli/ 15 Mei/
FR0059 10.000 344 - 10.344
July 1 , 2021 May 15 , 2027
19 Juli/ 15 Mei/
FR0059 20.000 793 - 20.793
July 19 , 2021 May 15 , 2027
19 Juli/ 15 Mei/
FR0059 30.000 1.206 - 31.206
July 19 , 2021 May 15 , 2027
19 Juli/ 15 Mei/
FR0059 10.000 430 - 10.430
July 19 , 2021 May 15 , 2027
19 Juli/ 15 Mei/
FR0059 20.000 859 - 20.859
July 19 , 2021 May 15 , 2027
19 Juli/ 15 Mei/
FR0059 10.000 402 - 10.402
July 19 , 2021 May 15 , 2027
19 Juli/ 15 Mei/
FR0059 10.000 430 - 10.430
July 19 , 2021 May 15 , 2027
15 Juli/ 15 Mei/
FR0059 25.000 967 - 25.967
July 15 , 2021 May 15 , 2027
15 Juli/ 15 Mei/
FR0059 25.000 967 - 25.967
July 15 , 2021 May 15 , 2027
30 Juli/ 15 Mei/
FR0059 50.000 2.065 - 52.065
July 30 , 2021 May 15 , 2027
9 Agustus/ 15 Mei/
FR0059 30.000 1.367 - 31.367
August 9 , 2021 May 15 , 2027
9 Agustus/ 15 Mei/
FR0059 20.000 912 - 20.912
August 9 , 2021 May 15 , 2027
9 Agustus/ 15 Mei/
FR0059 50.000 2.264 - 52.264
August 9 , 2021 May 15 , 2027
9 Agustus/ 15 Mei/
FR0059 10.000 456 - 10.456
August 9 , 2021 May 15 , 2027
9 Agustus/ 15 Mei/
FR0059 20.000 971 - 20.971
August 9 , 2021 May 15 , 2027
9 Agustus/ 15 Mei/
FR0059 20.000 900 - 20.900
August 9 , 2021 May 15 , 2027
10 Agustus/ 15 Mei/
FR0059 30.000 1.438 - 31.438
August 10 , 2021 May 15 , 2027
10 Agustus/ 15 Mei/
FR0059 20.000 947 - 20.947
August 10 , 2021 May 15 , 2027
13 Agustus/ 15 Mei/
FR0059 10.000 422 - 10.422
August 13 , 2021 May 15 , 2027
10 Agustus/ 15 Mei/
FR0059 20.000 843 - 20.843
August 10 , 2021 May 15 , 2027
18 Agustus/ 15 Mei/
FR0059 20.000 839 - 20.839
August 18 , 2021 May 15 , 2027
Subjumlah/Subtotal 37.037 - 2.687.037
77
Page 617
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. SURAT BERHARGA YANG DIJUAL DENGAN JANJI 9. MARKETABLE SECURITIES FOR SALE WITH
DIBELI KEMBALI (lanjutan) REVERSE REPURCHASE AGREEMENT (continued)
2023
Premium (diskonto) Laba (rugi) yang
yang belum belum
Jenis surat diamortisasi/ direalisasi/
berharga/ Nilai nominal/ Tanggal dimulai/ Tanggal jatuh tempo/ Unamortized premium Unrealised gain Nilai bersih/
Securities Nominal value Start date Maturity date (discount) (loss) Net value
Surat Utang Negara/Government Debt (lanjutan)/(continued)
Biaya perolehan diamortisasi/Amortised cost (lanjutan)/(continued)
Pindahan/Carry forward 37.037 - 2.687.037
23 Agustus/ 15 Mei/
FR0059 40.000 1.706 - 41.706
August 23 , 2021 May 15 , 2027
23 Agustus/ 15 Mei/
FR0059 30.000 1.279 - 31.279
August 23 , 2021 May 15 , 2027
23 Agustus/ 15 Mei/
FR0059 20.000 853 - 20.853
August 23 , 2021 May 15 , 2027
23 Agustus/ 15 Mei/
FR0059 10.000 426 - 10.426
August 23 , 2021 May 15 , 2027
17 November/ 15 Mei/
FR0059 50.000 2.300 - 52.300
November 17 , 2021 May 15 , 2027
19 November/ 15 Mei/
FR0059 40.000 1.957 - 41.957
November 19 , 2021 May 15 , 2027
19 November/ 15 Mei/
FR0059 30.000 1.391 - 31.391
November 19 , 2021 May 15 , 2027
12 Januari/ 15 Mei/
FR0059 25.000 1.041 - 26.041
January 12 , 2022 May 15 , 2027
12 Januari/ 15 Mei/
FR0059 25.000 1.041 - 26.041
January 12 , 2022 May 15 , 2027
20 Januari/ 15 Mei/
FR0059 10.000 402 - 10.402
January 20 , 2022 May 15 , 2027
20 Januari/ 15 Mei/
FR0059 50.000 2.012 - 52.012
January 20 , 2022 May 15 , 2027
20 Januari/ 15 Mei/
FR0059 20.000 444 - 20.444
January 20 , 2022 May 15 , 2027
9 Juni/ 15 Mei/
FR0081 10.000 75 - 10.075
June 9 , 2022 May 15 , 2027
23 Maret/ 15 Juni/
FR0081 10.000 75 - 10.075
March 23 , 2021 June 15 , 2025
23 Maret/ 15 Juni/
FR0081 10.000 75 - 10.075
March 23 , 2021 June 15 , 2025
23 Maret/ 15 Juni/
FR0081 20.000 209 - 20.209
March 23 , 2021 June 15 , 2025
15 April/ 15 Juni/
FR0081 10.000 101 - 10.101
April 15 , 2021 June 15 , 2025
15 April/ 15 Juni/
FR0081 20.000 202 - 20.202
April 15 , 2021 June 15 , 2025
15 April/ 15 Juni/
FR0081 50.000 - 50.929
April 15 , 2021 June 15 , 2025 929
16 Juni/ 15 Juni/
FR0081 25.000 - 25.446
June 16 , 2021 June 15 , 2025 446
17 Juni/ 15 Juni/
FR0081 50.000 - 50.892
June 17 , 2021 June 15 , 2025 892
Subjumlah/Subtotal 54.895 - 3.259.895
78
Page 618
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. SURAT BERHARGA YANG DIJUAL DENGAN JANJI 9. MARKETABLE SECURITIES FOR SALE WITH
DIBELI KEMBALI (lanjutan) REVERSE REPURCHASE AGREEMENT (continued)
2023
Premium (diskonto) Laba (rugi) yang
yang belum belum
Jenis surat diamortisasi/ direalisasi/
berharga/ Nilai nominal/ Tanggal dimulai/ Tanggal jatuh tempo/ Unamortized premium Unrealised gain Nilai bersih/
Securities Nominal value Start date Maturity date (discount) (loss) Net value
Surat Utang Negara/Government Debt (lanjutan)/(continued)
Biaya perolehan diamortisasi/Amortised cost (lanjutan)/(continued)
Pindahan/Carry forward 54.895 - 3.259.895
29 Juni/ 15 Juni/
FR0081 25.000 477 - 25.477
June 29 , 2021 June 15 , 2025
29 Juni/ 15 Juni/
FR0081 20.000 385 - 20.385
June 29 , 2021 June 15 , 2025
29 Juni/ 15 Juni/
FR0081 30.000 614 - 30.614
June 29 , 2021 June 15 , 2025
29 Juni/ 15 Juni/
FR0081 50.000 963 - 50.963
June 29 , 2021 June 15 , 2025
29 Juni/ 15 Juni/
FR0081 10.000 193 - 10.193
June 29 , 2021 June 15 , 2025
01 Juli/ 15 Juni/
FR0081 10.000 197 - 10.197
July 01 , 2021 June 15 , 2025
01 Juli/ 15 Juni/
FR0081 10.000 186 - 10.186
July 01 , 2021 June 15 , 2025
01 Juli/ 15 Juni/
FR0081 30.000 557 - 30.557
July 01 , 2021 June 15 , 2025
01 Juli/ 15 Juni/
FR0081 50.000 919 - 50.919
July 01 , 2021 June 15 , 2025
01 Juli/ 15 Juni/
FR0081 13.000 257 - 13.257
July 01 , 2021 June 15 , 2025
01 Juli/ 15 Juni/
FR0081 37.000 687 - 37.687
July 01 , 2021 June 15 , 2025
05 Juli/ 15 Juni/
FR0081 10.000 184 - 10.184
July 05 , 2021 June 15 , 2025
05 Juli/ 15 Juni/
FR0081 20.000 368 - 20.368
July 05 , 2021 June 15 , 2025
05 Juli/ 15 Juni/
FR0081 10.000 184 - 10.184
July 05 , 2021 June 15 , 2025
05 Juli/ 15 Juni/
FR0081 10.000 184 - 10.184
July 05 , 2021 June 15 , 2025
13 Juli/ 15 Juni/
FR0081 50.000 954 - 50.954
July 13 , 2021 June 15 , 2025
30 Juli/ 15 Juni/
FR0081 20.000 416 - 20.416
July 30 , 2021 June 15 , 2025
30 Juli/ 15 Juni/
FR0081 10.000 223 - 10.223
July 30 , 2021 June 15 , 2025
02 Agustus/ 15 Juni/
FR0081 30.000 637 - 30.637
August 02 , 2021 June 15 , 2025
02 Agustus/ 15 Juni/
FR0081 50.000 1.062 - 51.062
August 02 , 2021 June 15 , 2025
02 Agustus/ 15 Juni/
FR0081 10.000 212 - 10.212
August 02 , 2021 June 15 , 2025
02 Agustus/ 15 Juni/
FR0081 - 40.849
40.000 August 02 , 2021 June 15 , 2025 849
02 Agustus/ 15 Juni/
FR0081 - 51.062
50.000 August 02 , 2021 June 15 , 2025 1.062
02 Agustus/ 15 Juni/
FR0081 - 20.425
20.000 August 02 , 2021 June 15 , 2025 425
Subjumlah/Subtotal 67.089 - 3.887.089
79
Page 619
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. SURAT BERHARGA YANG DIJUAL DENGAN JANJI 9. MARKETABLE SECURITIES FOR SALE WITH
DIBELI KEMBALI (lanjutan) REVERSE REPURCHASE AGREEMENT (continued)
2023
Premium (diskonto) Laba (rugi) yang
yang belum belum
Jenis surat diamortisasi/ direalisasi/
berharga/ Nilai nominal/ Tanggal dimulai/ Tanggal jatuh tempo/ Unamortized premium Unrealised gain Nilai bersih/
Securities Nominal value Start date Maturity date (discount) (loss) Net value
Surat Utang Negara/Government Debt (lanjutan)/(continued)
Biaya perolehan diamortisasi/Amortised cost (lanjutan)/(continued)
Pindahan/Carry forward 67.089 - 3.887.089
03 Agustus/ 15 Juni/
FR0081 50.000 1.062 - 51.062
August 03 , 2021 June 15 , 2025
05 Agustus/ 15 Juni/
FR0081 10.000 217 - 10.217
August 05 , 2021 June 15 , 2025
09 Agustus/ 15 Juni/
FR0081 20.000 423 - 20.423
August 09 , 2021 June 15 , 2025
10 Agustus/ 15 Juni/
FR0081 50.000 1.058 - 51.058
August 10 , 2021 June 15 , 2025
10 Agustus/ 15 Juni/
FR0081 30.000 635 - 30.635
August 10 , 2021 June 15 , 2025
12 Januari/ 15 Juni/
FR0081 50.000 1.069 - 51.069
January 12 , 2022 June 15 , 2025
31 Maret/ 15 Februari/
FR0084 20.000 435 - 20.435
March 31 , 2021 February 15 , 2026
31 Maret/ 15 Februari/
FR0084 10.000 236 - 10.236
March 31 , 2021 February 15 , 2026
13 April/ 15 Februari/
FR0084 50.000 1.239 - 51.239
April 13 , 2021 February 15 , 2026
15 April/ 15 Februari/
FR0084 20.000 483 - 20.483
April 15 , 2021 February 15 , 2026
30 April/ 15 Februari/
FR0084 20.000 509 - 20.509
April 30 , 2021 February 15 , 2026
11 Juni/ 15 Februari/
FR0084 40.000 1.361 - 41.361
June 11 , 2021 February 15 , 2026
11 Juni/ 15 Februari/
FR0084 10.000 340 - 10.340
June 11 , 2021 February 15 , 2026
11 Juni/ 15 Februari/
FR0084 10.000 340 - 10.340
June 11 , 2021 February 15 , 2026
11 Juni/ 15 Februari/
FR0084 10.000 340 - 10.340
June 11 , 2021 February 15 , 2026
11 Juni/ 15 Februari/
FR0084 30.000 1.021 - 31.021
June 11 , 2021 February 15 , 2026
14 Juni/ 15 Februari/
FR0084 10.000 348 - 10.348
June 14 , 2021 February 15 , 2026
06 Agustus/ 15 Februari/
FR0084 20.000 765 - 20.765
August 06 , 2021 February 15 , 2026
06 Agustus/ 15 Februari/
FR0084 30.000 1.217 - 31.217
August 06 , 2021 February 15 , 2026
10 Agustus/ 15 Februari/
FR0084 20.000 767 - 20.767
August 10 , 2021 February 15 , 2026
16 Agustus/ 15 Februari/
FR0084 30.000 1.147 - 31.147
August 16 , 2021 February 15 , 2026
16 Agustus/ 15 Februari/
FR0084 - 31.147
30.000 August 16 , 2021 February 15 , 2026 1.147
25 Mei/ 15 Februari/
FR0084 - 30.380
30.000 May 25, 2022 February 15 , 2026 380
25 Mei/ 15 Februari/
FR0084 - 10.127
10.000 May 25, 2022 February 15 , 2026 127
Subjumlah/Subtotal 83.757 - 4.513.757
80
Page 620
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. SURAT BERHARGA YANG DIJUAL DENGAN JANJI 9. MARKETABLE SECURITIES FOR SALE WITH
DIBELI KEMBALI (lanjutan) REVERSE REPURCHASE AGREEMENT (continued)
2023
Premium (diskonto) Laba (rugi) yang
yang belum belum
Jenis surat diamortisasi/ direalisasi/
berharga/ Nilai nominal/ Tanggal dimulai/ Tanggal jatuh tempo/ Unamortized premium Unrealised gain Nilai bersih/
Securities Nominal value Start date Maturity date (discount) (loss) Net value
Surat Utang Negara/Government Debt (lanjutan)/(continued)
Biaya perolehan diamortisasi/Amortised cost (lanjutan)/(continued)
Pindahan/Carry forward 83.757 - 4.513.757
13 Juni/ 15 Februari/
FR0084 20.000 395 - 20.395
June 13, 2022 February 15 , 2026
01 Juli/ 15 Februari/
FR0084 45.000 816 - 45.816
July 01, 2022 February 15 , 2026
01 Juli/ 15 Februari/
FR0084 35.000 635 - 35.635
July 01, 2022 February 15 , 2026
30 April/ 15 September/
FR0040 30.000 2.514 - 32.514
April 30, 2021 September 15 , 2025
07 Juni/ 15 September/
FR0040 50.000 4.051 - 54.051
June 07, 2021 September 15 , 2025
16 Agustus/ 15 September/
FR0040 20.000 1.918 - 21.918
August 16, 2021 September 15 , 2025
31 Mei/ 15 September/
FR0040 100.000 7.916 - 107.916
May 31, 2022 September 15 , 2025
12 November/ 15 September/
FR0056 50.000 3.719 - 53.719
November 12, 2021 September 15 , 2026
15 November/ 15 September/
FR0056 50.000 3.722 - 53.722
November 15, 2021 September 15 , 2026
15 November/ 15 September/
FR0056 50.000 3.722 - 53.722
November 15, 2021 September 15 , 2026
21 January/ 15 September/
FR0056 50.000 3.578 - 53.578
January 21, 2022 September 15 , 2026
05 July/ 15 September/
FR0056 50.000 2.663 - 52.663
July 05, 2022 September 15 , 2026
26 September/ 15 September/
FR0056 50.000 2.500 - 52.500
September 26, 2023 September 15 , 2026
19 April/ 15 Februari/
ORI019 20.000 3 - 20.003
April 19, 2021 February 15 , 2024
19 April/ 15 Februari/
ORI019 30.000 6 - 30.006
April 19, 2021 February 15 , 2024
20 April/ 15 Februari/
ORI019 10.000 2 - 10.002
April 20, 2021 February 15 , 2024
20 April/ 15 Februari/
ORI019 50.000 9 - 50.009
April 20, 2021 February 15 , 2024
20 April/ 15 Februari/
ORI019 10.000 2 - 10.002
April 20, 2021 February 15 , 2024
20 April/ 15 Februari/
ORI019 10.000 2 - 10.002
April 20, 2021 February 15 , 2024
20 April/ 15 Februari/
ORI019 10.000 2 - 10.002
April 20, 2021 February 15 , 2024
20 April/ 15 Februari/
ORI019 50.000 9 - 50.009
April 20, 2021 February 15 , 2024
20 April/ 15 Februari/
ORI019 10.000 2 - 10.002
April 20, 2021 February 15 , 2024
21 April/ 15 Februari/
ORI019 - 70.014
70.000 April 21, 2021 February 15 , 2024 14
21 April/ 15 Februari/
ORI019 - 10.002
10.000 April 21, 2021 February 15 , 2024 2
28 April/ 15 Februari/
ORI019 - 20.005
20.000 April 28, 2021 February 15 , 2024 5
Subjumlah/Subtotal 121.962 - 5.451.962
81
Page 621
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. SURAT BERHARGA YANG DIJUAL DENGAN JANJI 9. MARKETABLE SECURITIES FOR SALE WITH
DIBELI KEMBALI (lanjutan) REVERSE REPURCHASE AGREEMENT (continued)
2023
Premium (diskonto) Laba (rugi) yang
yang belum belum
Jenis surat diamortisasi/ direalisasi/
berharga/ Nilai nominal/ Tanggal dimulai/ Tanggal jatuh tempo/ Unamortized premium Unrealised gain Nilai bersih/
Securities Nominal value Start date Maturity date (discount) (loss) Net value
Surat Utang Negara/Government Debt (lanjutan)/(continued)
Biaya perolehan diamortisasi/Amortised cost (lanjutan)/(continued)
Pindahan/Carry forward 121.962 - 5.451.962
29 April/ 15 Februari/
ORI019 20.000 5 - 20.005
April 29, 2021 February 15 , 2024
29 April/ 15 Februari/
ORI019 20.000 5 - 20.005
April 29, 2021 February 15 , 2024
29 April/ 15 Februari/
ORI019 20.000 5 - 20.005
April 29, 2021 February 15 , 2024
30 April/ 15 Februari/
ORI019 30.000 7 - 30.007
April 30, 2021 February 15 , 2024
06 Mei/ 15 Februari/
ORI019 10.000 4 - 10.004
May 06, 2021 February 15 , 2024
10 Mei/ 15 Februari/
ORI019 50.000 20 - 50.020
May 10, 2021 February 15 , 2024
09 Agustus/ 15 Februari/
ORI019 10.000 14 - 10.014
August 09, 2021 February 15 , 2024
10 Agustus/ 15 Februari/
ORI019 20.000 29 - 20.029
August 10, 2021 February 15 , 2024
10 Agustus/ 15 Februari/
ORI019 20.000 29 - 20.029
August 10, 2021 February 15 , 2024
10 Agustus/ 15 Februari/
ORI019 15.000 21 - 15.021
August 10, 2021 February 15 , 2024
10 Agustus/ 15 Februari/
ORI019 10.000 14 - 10.014
August 10, 2021 February 15 , 2024
16 Agustus/ 15 Februari/
ORI019 15.000 21 - 15.021
August 16, 2021 February 15 , 2024
16 Agustus/ 15 Februari/
ORI019 10.000 14 - 10.014
August 16, 2021 February 15 , 2024
16 Agustus/ 15 Februari/
ORI019 10.000 14 - 10.014
August 16, 2021 February 15 , 2024
16 Agustus/ 15 Februari/
ORI019 20.000 28 - 20.028
August 16, 2021 February 15 , 2024
18 Agustus/ 15 Februari/
ORI019 20.000 28 - 20.028
August 18, 2021 February 15 , 2024
23 Agustus/ 15 Februari/
ORI019 30.000 42 - 30.042
August 23, 2021 February 15 , 2024
23 Agustus/ 15 Februari/
ORI019 30.000 41 - 30.041
August 23, 2021 February 15 , 2024
24 Agustus/ 15 Februari/
ORI019 8.000 11 - 8.011
August 24, 2021 February 15 , 2024
24 Agustus/ 15 Februari/
ORI019 12.000 16 - 12.016
August 24, 2021 February 15 , 2024
24 Agustus/ 15 Februari/
ORI019 10.000 14 - 10.014
August 24, 2021 February 15 , 2024
03 September/ 15 Februari/
ORI019 50.000 70 - 50.070
September 03, 2021 February 15 , 2024
03 September/ 15 Februari/
ORI019 - 30.041
30.000 September 03, 2021 February 15 , 2024 41
06 September/ 15 Februari/
ORI019 - 10.014
10.000 September 06, 2021 February 15 , 2024 14
06 September/ 15 Februari/
ORI019 - 20.027
20.000 September 06, 2021 February 15 , 2024 27
Subjumlah/Subtotal 122.496 - 5.952.496
82
Page 622
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. SURAT BERHARGA YANG DIJUAL DENGAN JANJI 9. MARKETABLE SECURITIES FOR SALE WITH
DIBELI KEMBALI (lanjutan) REVERSE REPURCHASE AGREEMENT (continued)
2023
Premium (diskonto) Laba (rugi) yang
yang belum belum
Jenis surat diamortisasi/ direalisasi/
berharga/ Nilai nominal/ Tanggal dimulai/ Tanggal jatuh tempo/ Unamortized premium Unrealised gain Nilai bersih/
Securities Nominal value Start date Maturity date (discount) (loss) Net value
Surat Utang Negara/Government Debt (lanjutan)/(continued)
Biaya perolehan diamortisasi/Amortised cost (lanjutan)/(continued)
Pindahan/Carry forward 122.496 - 5.952.496
06 September/ 15 Februari/
ORI019 10.000 14 - 10.014
September 06, 2021 February 15 , 2024
06 September/ 15 Februari/
ORI019 30.000 41 - 30.041
September 06, 2021 February 15 , 2024
09 September/ 15 Februari/
ORI019 25.000 34 - 25.034
September 09, 2021 February 15 , 2024
09 September/ 15 Februari/
ORI019 25.000 35 - 25.035
September 09, 2021 February 15 , 2024
13 September/ 15 Februari/
ORI019 10.000 13 - 10.013
September 13, 2021 February 15 , 2024
23 September/ 15 Februari/
ORI019 20.000 27 - 20.027
September 23, 2021 February 15 , 2024
27 September/ 15 Februari/
ORI019 20.000 27 - 20.027
September 27, 2021 February 15 , 2024
27 September/ 15 Februari/
ORI019 50.000 71 - 50.071
September 27, 2021 February 15 , 2024
01 Oktober/ 15 Februari/
ORI019 10.000 13 - 10.013
October 01, 2021 February 15 , 2024
01 April/ 15 April/
FR0086 50.000 (382) - 49.618
April 01, 2021 April 15 , 2026
01 April/ 15 April/
FR0086 50.000 (390) - 49.610
April 01, 2021 April 15 , 2026
01 April/ 15 April/
FR0086 50.000 (362) - 49.638
April 01, 2021 April 15 , 2026
21 Januari/ 15 April/
FR0086 25.000 160 584 24.575
January 21, 2021 April 15 , 2026
21 Januari/ 15 April/
FR0086 25.000 160 584 24.575
January 21, 2021 April 15 , 2026
04 Februari/ 15 April/
FR0086 25.000 186 611 24.575
February 04, 2021 April 15 , 2026
04 Februari/ 15 April/
FR0086 50.000 351 1.201 49.150
February 04, 2021 April 15 , 2026
18 Februari/ 15 April/
FR0086 50.000 234 1.083 49.151
February 18, 2021 April 15 , 2026
18 Februari/ 15 April/
FR0086 25.000 106 531 24.575
February 18, 2021 April 15 , 2026
18 Februari/ 15 April/
FR0086 25.000 106 531 24.575
February 18, 2021 April 15 , 2026
19 Februari/ 15 April/
FR0086 30.000 51 561 29.491
February 19, 2021 April 15 , 2026
19 Februari/ 15 April/
FR0086 20.000 34 374 19.660
February 19, 2021 April 15 , 2026
19 Februari/ 15 April/
FR0086 10.000 17 187 9.830
February 19, 2021 April 15 , 2026
19 Februari/ 15 April/
FR0086 187 9.830
10.000 February 19, 2021 April 15 , 2026 17
22 Februari/ 15 April/
FR0086 170 9.830
10.000 February 22, 2021 April 15 , 2026 -
22 Februari/ 15 April/
FR0086 170 9.830
10.000 February 22, 2021 April 15 , 2026 -
Subjumlah/Subtotal 123.061 6.774 6.611.287
83
Page 623
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. SURAT BERHARGA YANG DIJUAL DENGAN JANJI 9. MARKETABLE SECURITIES FOR SALE WITH
DIBELI KEMBALI (lanjutan) REVERSE REPURCHASE AGREEMENT (continued)
2023
Premium (diskonto) Laba (rugi) yang
yang belum belum
Jenis surat diamortisasi/ direalisasi/
berharga/ Nilai nominal/ Tanggal dimulai/ Tanggal jatuh tempo/ Unamortized premium Unrealised gain Nilai bersih/
Securities Nominal value Start date Maturity date (discount) (loss) Net value
Surat Utang Negara/Government Debt (lanjutan)/(continued)
Biaya perolehan diamortisasi/Amortised cost (lanjutan)/(continued)
Pindahan/Carry forward 123.061 6.774 6.611.287
22 Februari/ 15 April/
FR0086 10.000 - 170 9.830
February 22, 2021 April 15 , 2026
10 Juni/ 15 April/
FR0086 50.000 32 881 49.151
June 10, 2021 April 15 , 2026
10 Juni/ 15 April/
FR0086 50.000 53 902 49.151
June 10, 2021 April 15 , 2026
10 Juni/ 15 April/
FR0086 50.000 32 881 49.151
June 10, 2021 April 15 , 2026
10 Juni/ 15 April/
FR0086 50.000 32 881 49.151
June 10, 2021 April 15 , 2026
10 Juni/ 15 April/
FR0086 50.000 53 902 49.151
June 10, 2021 April 15 , 2026
16 Juni/ 15 April/
FR0086 20.000 82 421 19.660
June 16, 2021 April 15 , 2026
16 Juni/ 15 April/
FR0086 20.000 82 421 19.660
June 16, 2021 April 15 , 2026
17 Juni/ 15 April/
FR0086 10.000 38 208 9.830
June 17, 2021 April 15 , 2026
29 Juni/ 15 April/
FR0086 20.000 87 427 19.660
June 29, 2021 April 15 , 2026
29 Juni/ 15 April/
FR0086 20.000 87 427 19.660
June 29, 2021 April 15 , 2026
30 Juni/ 15 April/
FR0086 10.000 39 208 9.830
June 30, 2021 April 15 , 2026
30 Juni/ 15 April/
FR0086 20.000 77 417 19.660
June 30, 2021 April 15 , 2026
30 Juni/ 15 April/
FR0086 20.000 77 417 19.660
June 30, 2021 April 15 , 2026
30 Juni/ 15 April/
FR0086 20.000 77 417 19.660
June 30, 2021 April 15 , 2026
30 Juni/ 15 April/
FR0086 10.000 39 208 9.830
June 30, 2021 April 15 , 2026
30 Juni/ 15 April/
FR0086 10.000 36 206 9.830
June 30, 2021 April 15 , 2026
Subjumlah/Subtotal 123.983 15.167 7.043.816
84
Page 624
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. SURAT BERHARGA YANG DIJUAL DENGAN JANJI 9. MARKETABLE SECURITIES FOR SALE WITH
DIBELI KEMBALI (lanjutan) REVERSE REPURCHASE AGREEMENT (continued)
2023
Premium (diskonto) Laba (rugi) yang
yang belum belum
Jenis surat diamortisasi/ direalisasi/
berharga/ Nilai nominal/ Tanggal dimulai/ Tanggal jatuh tempo/ Unamortized premium Unrealised gain Nilai bersih/
Securities Nominal value Start date Maturity date (discount) (loss) Net value
Surat Utang Negara/Government Debt (lanjutan)/(continued)
Biaya perolehan diamortisasi/Amortised cost (lanjutan)/(continued)
Pindahan/Carry forward 123.983 15.167 7.043.816
30 Juni/ 15 April/
FR0086 20.000 72 412 19.660
June 30, 2021 April 15 , 2026
30 Juni/ 15 April/
FR0086 30.000 108 618 29.491
June 30, 2021 April 15 , 2026
30 Juni/ 15 April/
FR0086 30.000 108 618 29.491
June 30, 2021 April 15 , 2026
30 Juni/ 15 April/
FR0086 20.000 67 407 19.660
June 30, 2021 April 15 , 2026
01 Juli/ 15 April/
FR0086 10.000 28 198 9.830
July 01, 2021 April 15 , 2026
02 Juli/ 15 April/
FR0086 10.000 26 196 9.830
July 02, 2021 April 15 , 2026
05 Juli/ 15 April/
FR0086 20.000 52 392 19.660
July 05, 2021 April 15 , 2026
05 Juli/ 15 April/
FR0086 30.000 78 587 29.491
July 05, 2021 April 15 , 2026
19 Juli/ 15 April/
FR0086 25.000 117 541 24.575
July 19, 2021 April 15 , 2026
19 Juli/ 15 April/
FR0086 20.000 88 428 19.660
July 19, 2021 April 15 , 2026
21 Juli/ 15 April/
FR0086 10.000 45 214 9.830
July 21, 2021 April 15 , 2026
21 Juli/ 15 April/
FR0086 10.000 44 214 9.830
July 21, 2021 April 15 , 2026
21 Juli/ 15 April/
FR0086 10.000 44 214 9.830
July 21, 2021 April 15 , 2026
21 Juli/ 15 April/
FR0086 10.000 44 214 9.830
July 21, 2021 April 15 , 2026
21 Juli/ 15 April/
FR0086 20.000 93 433 19.660
July 21, 2021 April 15 , 2026
21 Juli/ 15 April/
FR0086 10.000 47 217 9.830
July 21, 2021 April 15 , 2026
21 Juli/ 15 April/
FR0086 10.000 47 217 9.830
July 21, 2021 April 15 , 2026
12 Oktober/ 15 April/
FR0086 20.000 134 474 19.660
October 12, 2021 April 15 , 2026
12 Oktober/ 15 April/
FR0086 20.000 134 474 19.660
October 12, 2021 April 15 , 2026
13 Oktober/ 15 April/
FR0086 20.000 123 463 19.660
October 13, 2021 April 15 , 2026
13 Oktober/ 15 April/
FR0086 20.000 123 463 19.660
October 13, 2021 April 15 , 2026
14 Oktober/ 15 April/
FR0086 20.000 134 474 19.660
October 14, 2021 April 15 , 2026
14 Oktober/ 15 April/
FR0086 474 19.660
20.000 October 14, 2021 April 15 , 2026 134
14 Oktober/ 15 April/
FR0086 474 19.660
20.000 October 14, 2021 April 15 , 2026 134
26 Oktober/ 15 April/
FR0086 259 9.830
10.000 October 26, 2021 April 15 , 2026 89
Subjumlah/Subtotal 126.096 24.839 7.481.257
85
Page 625
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. SURAT BERHARGA YANG DIJUAL DENGAN JANJI 9. MARKETABLE SECURITIES FOR SALE WITH
DIBELI KEMBALI (lanjutan) REVERSE REPURCHASE AGREEMENT (continued)
2023
Premium (diskonto) Laba (rugi) yang
yang belum belum
Jenis surat diamortisasi/ direalisasi/
berharga/ Nilai nominal/ Tanggal dimulai/ Tanggal jatuh tempo/ Unamortized premium Unrealised gain Nilai bersih/
Securities Nominal value Start date Maturity date (discount) (loss) Net value
Surat Utang Negara/Government Debt (lanjutan)/(continued)
Biaya perolehan diamortisasi/Amortised cost (lanjutan)/(continued)
Pindahan/Carry forward 126.096 24.839 7.481.257
29 Oktober/ 15 April/
FR0086 25.000 237 661 24.575
October 29, 2021 April 15 , 2026
29 Oktober/ 15 April/
FR0086 25.000 237 661 24.575
October 29, 2021 April 15 , 2026
15 Juli/ 15 April/
FR0090 30.000 (247) 756 28.997
July 15, 2021 April 15 , 2027
15 Juli/ 15 April/
FR0090 20.000 (164) 504 19.331
July 15, 2021 April 15 , 2027
15 Juli/ 15 April/
FR0090 20.000 (163) 505 19.331
July 15, 2021 April 15 , 2027
22 Juli/ 15 April/
FR0090 10.000 (66) 268 9.666
July 22, 2021 April 15 , 2027
22 Juli/ 15 April/
FR0090 20.000 (139) 529 19.331
July 22, 2021 April 15 , 2027
05 Agustus/ 15 April/
FR0090 10.000 (36) 298 9.666
August 05, 2021 April 15 , 2027
05 Agustus/ 15 April/
FR0090 50.000 (142) 1.530 48.328
August 05, 2021 April 15 , 2027
06 Agustus/ 15 April/
FR0090 10.000 (18) 316 9.666
August 06, 2021 April 15 , 2027
09 Agustus/ 15 April/
FR0090 20.000 (30) 639 19.331
August 09, 2021 April 15 , 2027
09 Agustus/ 15 April/
FR0090 20.000 (30) 639 19.331
August 09, 2021 April 15 , 2027
09 Agustus/ 15 April/
FR0090 10.000 (15) 320 9.666
August 09, 2021 April 15 , 2027
09 Agustus/ 15 April/
FR0090 10.000 (15) 320 9.666
August 09, 2021 April 15 , 2027
09 Agustus/ 15 April/
FR0090 20.000 (42) 627 19.331
August 09, 2021 April 15 , 2027
09 Agustus/ 15 April/
FR0090 30.000 (63) 940 28.997
August 09, 2021 April 15 , 2027
09 Agustus/ 15 April/
FR0090 30.000 (72) 931 28.997
August 09, 2021 April 15 , 2027
Subjumlah/Subtotal 125.328 35.285 7.830.042
86
Page 626
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. SURAT BERHARGA YANG DIJUAL DENGAN JANJI 9. MARKETABLE SECURITIES FOR SALE WITH
DIBELI KEMBALI (lanjutan) REVERSE REPURCHASE AGREEMENT (continued)
2023
Premium (diskonto) Laba (rugi) yang
yang belum belum
Jenis surat diamortisasi/ direalisasi/
berharga/ Nilai nominal/ Tanggal dimulai/ Tanggal jatuh tempo/ Unamortized premium Unrealised gain Nilai bersih/
Securities Nominal value Start date Maturity date (discount) (loss) Net value
Surat Utang Negara/Government Debt (lanjutan)/(continued)
Biaya perolehan diamortisasi/Amortised cost (lanjutan)/(continued)
Pindahan/Carry forward 125.328 35.285 7.830.042
09 Agustus/ 15 April/
FR0090 20.000 (48) 621 19.331
August 09, 2021 April 15 , 2027
09 Agustus/ 15 April/
FR0090 20.000 (48) 621 19.331
August 09, 2021 April 15 , 2027
09 Agustus/ 15 April/
FR0090 40.000 (96) 1.241 38.663
August 09, 2021 April 15 , 2027
16 Agustus/ 15 April/
FR0090 10.000 (52) 282 9.666
August 16, 2021 April 15 , 2027
16 Agustus/ 15 April/
FR0090 20.000 (110) 559 19.331
August 16, 2021 April 15 , 2027
16 Agustus/ 15 April/
FR0090 10.000 (55) 279 9.666
August 16, 2021 April 15 , 2027
16 Agustus/ 15 April/
FR0090 20.000 (110) 559 19.331
August 16, 2021 April 15 , 2027
20 Agustus/ 15 April/
FR0090 50.000 (231) 1.441 48.328
August 20, 2021 April 15 , 2027
20 Agustus/ 15 April/
FR0090 50.000 (227) 1.445 48.328
August 20, 2021 April 15 , 2027
20 Agustus/ 15 April/
FR0090 50.000 (227) 1.445 48.328
August 20, 2021 April 15 , 2027
23 September/ 15 April/
FR0090 10.000 (6) 328 9.666
September 23, 2021 April 15 , 2027
11 Januari/ 15 April/
FR0090 20.000 (65) 604 19.331
January 11, 2022 April 15 , 2027
31 Januari/ 15 April/
FR0090 10.000 (33) 302 9.666
January 31, 2022 April 15 , 2027
31 Januari/ 15 April/
FR0090 10.000 (33) 302 9.666
January 31, 2022 April 15 , 2027
25 Februari/ 15 April/
FR0090 20.000 (127) 542 19.331
February 25, 2022 April 15 , 2027
07 Maret/ 15 April/
FR0090 30.000 (252) 751 28.997
March 07, 2022 April 15 , 2027
07 Maret/ 15 April/
FR0090 10.000 (84) 250 9.666
March 07, 2022 April 15 , 2027
17 Maret/ 15 April/
FR0090 10.000 (135) 199 9.666
March 17, 2022 April 15 , 2027
17 Maret/ 15 April/
FR0090 10.000 (135) 199 9.666
March 17, 2022 April 15 , 2027
17 Maret/ 15 April/
FR0090 50.000 (674) 997 48.329
March 17, 2022 April 15 , 2027
26 Juli/ 15 April/
FR0090 10.000 (491) (157) 9.666
July 26, 2022 April 15 , 2027
26 Juli/ 15 April/
FR0090 10.000 (491) (157) 9.666
July 26, 2022 April 15 , 2027
Jumlah/Total 121.599 47.936 8.303.663
87
Page 627
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. SURAT BERHARGA YANG DIJUAL DENGAN JANJI 9. MARKETABLE SECURITIES FOR SALE WITH
DIBELI KEMBALI (lanjutan) REVERSE REPURCHASE AGREEMENT (continued)
31 Desember/
December 31,
2022
Premium (diskonto)
yang belum Laba (rugi) yang
Jenis surat diamortisasi/ belum direalisasi/
berharga/ Nilai nominal/ Tanggal dimulai/ Tanggal jatuh tempo/ Unamortized Unrealised gain Nilai bersih/
Securities Nominal value Start date Maturity date premium (discount) (loss) Net value
Surat Utang Negara/Government Debt
Biaya perolehan diamortisasi/Amortised cost
25 Februari/ 15 Maret/
FR0070 50.000 1.724 - 51.724
February 25, 2021 March 15, 2024
26 Februari/ 15 Maret/
FR0070 50.000 1.726 - 51.726
February 26, 2021 March 15, 2024
12 Maret/ 15 September/
FR0070 50.000 1.478 - 51.478
March 12, 2021 September 15, 2024
15 Maret/ 15 Maret/
FR0070 50.000 1.586 - 51.586
March 15, 2021 March 15, 2024
23 Maret/ 15 Juni/
FR0081 30.000 368 - 30.368
March 23, 2021 June 15, 2025
15 Juni/ 15 Juni/
FR0081 50.000 1.529 - 51.529
June 15, 2021 June 15, 2025
29 Juni/ 15 Juni/
FR0081 50.000 1.625 - 51.625
June 29, 2021 June 15, 2025
30 Juni/ 15 Mei/
FR0059 100.000 4.885 - 104.885
June 30, 2021 May 15, 2027
1 Juli/ 15 Mei/
FR0059 100.000 4.577 - 104.577
July 1, 2021 May 15, 2027
1 Juli/ 15 Mei/
FR0081 50.000 1.581 - 51.581
July 1, 2021 May 15, 2027
5 Juli/ 15 Juni/
FR0081 50.000 1.554 - 51.554
July 5, 2021 June 15, 2025
13 Juli/ 15 Juni/
FR0081 50.000 1.610 - 51.610
July 13, 2021 June 15, 2025
15 Juli/ 15 Mei/
FR0059 50.000 2.509 - 52.509
July 15, 2021 May 15, 2027
19 Juli/ 15 Mei/
FR0059 100.000 5.284 - 105.284
July 19, 2021 May 15, 2027
30 Juli/ 15 Juni/
FR0081 20.000 702 - 20.702
July 30, 2021 June 15, 2025
2 Agustus/ 15 Juni/
FR0081 200.000 7.165 - 207.165
August 2, 2021 June 15, 2025
3 Agustus/ 15 Juni/
FR0081 50.000 1.793 - 51.793
August 3, 2021 June 15, 2025
9 Agustus/ 15 Mei/
FR0059 50.000 2.984 - 52.984
August 9, 2021 May 15, 2027
9 Agustus/ 15 Juni/
FR0081 20.000 714 - 20.714
August 9, 2021 June 15, 2025
Dipindahkan/Brought forward 45.394 - 1.215.394
88
Page 628
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. SURAT BERHARGA YANG DIJUAL DENGAN JANJI 9. MARKETABLE SECURITIES FOR SALE WITH
DIBELI KEMBALI (lanjutan) REVERSE REPURCHASE AGREEMENT (continued)
31 Desember/
December 31,
2022
Premium (diskonto)
yang belum Laba (rugi) yang
Jenis surat diamortisasi/ belum direalisasi/
berharga/ Nilai nominal/ Tanggal dimulai/ Tanggal jatuh tempo/ Unamortized Unrealised gain Nilai bersih/
Securities Nominal value Start date Maturity date premium (discount) (loss) Net value
Surat Utang Negara/Government Debt (lanjutan)/(continued)
Biaya perolehan diamortisasi/Amortised cost (lanjutan)/(continued)
Pindahan/Carry forward 45.394 - 1.215.394
10 Agustus/ 15 Mei/
FR0059 60.000 3.597 - 63.597
August 10, 2021 May 15, 2027
10 Agustus/ 15 Juni/
FR0081 80.000 2.857 - 82.857
August 10, 2021 June 15, 2025
13 Agustus/ 15 Mei/
FR0059 30.000 1.640 - 31.640
August 13, 2021 May 15, 2027
18 Agustus/ 15 Mei/
FR0059 20.000 1.088 - 21.088
August 18, 2021 May 15, 2027
23 Agustus/ 15 Mei/
FR0059 130.000 7.189 - 137.189
August 23, 2021 May 15, 2027
17 November/ 15 Mei/
FR0059 50.000 2.983 - 52.983
November 17, 2021 May 15, 2027
19 November/ 15 Mei/
FR0059 60.000 3.659 - 63.659
November 19, 2021 May 15, 2027
12 Januari/ 15 Juni/
FR0081 50.000 1.762 - 51.762
January 12, 2022 June 15, 2025
21 Januari/ 15 Juni/
FR0081 50.000 1.805 - 51.805
January 21, 2022 June 15, 2025
28 April/ 15 Juni/
FR0081 40.000 800 - 40.800
April 28, 2022 June 15, 2025
11 Mei/ 15 Juni/
FR0081 50.000 407 - 50.407
May 11, 2022 June 15, 2025
25 Mei/ 15 Juni/
FR0081 25.000 287 - 25.287
May 25, 2022 June 15, 2025
27 Mei/ 15 Juni/
FR0081 65.000 710 - 65.710
May 27, 2022 June 15, 2025
13 Juni/ 15 Juni/
FR0081 90.000 1.649 - 91.649
June 13, 2022 June 15, 2025
20 Juni/ 15 Juni/
FR0081 60.000 901 - 60.901
June 20, 2022 June 15, 2025
22 Juni/ 15 Juni/
FR0081 20.000 268 - 20.268
June 22, 2022 June 15, 2025
29 Juni/ 15 Juni/
FR0081 50.000 1.111 - 51.111
June 29, 2022 June 15, 2025
18 Juli/ 15 Juni/
FR0081 10.000 154 - 10.154
July 18, 2022 June 15, 2025
19 Juli/ 15 Juni/
FR0081 50.000 601 - 50.601
July 19, 2022 June 15, 2025
20 Juli/ 15 Juni/
FR0081 40.000 430 - 40.430
July 20, 2022 June 15, 2025
26 Juli/ 15 Juni/
FR0081 50.000 154 - 50.154
July 26, 2022 June 15, 2025
Subjumlah/Subtotal 79.447 - 2.329.447
89
Page 629
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. SURAT BERHARGA YANG DIJUAL DENGAN JANJI 9. MARKETABLE SECURITIES FOR SALE WITH
DIBELI KEMBALI (lanjutan) REVERSE REPURCHASE AGREEMENT (continued)
31 Desember/
December 31,
2022
Premium (diskonto)
yang belum Laba (rugi) yang
Jenis surat diamortisasi/ belum direalisasi/
berharga/ Nilai nominal/ Tanggal dimulai/ Tanggal jatuh tempo/ Unamortized Unrealised gain Nilai bersih/
Securities Nominal value Start date Maturity date premium (discount) (loss) Net value
Surat Utang Negara/Government Debt (lanjutan)/(continued)
Nilai wajar melalui penghasilan komprehensif lain/Fair value through other comprehensive income
21 Januari/ 15 April/
FR0086 50.000 448 (1.403) 49.045
January 21, 2021 April 15, 2026
4 Februari/ 15 April/
FR0086 75.000 754 (2.187) 73.567
February 4, 2021 April 15, 2026
18 Februari/ 15 April/
FR0086 75.000 477 (1.909) 73.568
February 18, 2021 April 15, 2026
19 Februari/ 15 April/
FR0086 70.000 168 (1.504) 68.663
February 19, 2021 April 15, 2026
22 Februari/ 15 April/
FR0086 30.000 - (573) 29.427
February 22, 2021 April 15, 2026
10 Juni/ 15 April/
FR0086 250.000 282 (5.056) 245.226
June 10, 2021 April 15, 2026
16 Juni/ 15 April/
FR0086 40.000 229 (992) 39.236
June 16, 2021 April 15, 2026
29 Juni/ 15 April/
FR0086 40.000 244 (1.008) 39.236
June 29, 2021 April 15, 2026
30 Juni/ 15 April/
FR0086 170.000 879 (4.126) 166.753
June 30, 2021 April 15, 2026
1 Juli/ 15 April/
FR0086 10.000 40 (231) 9.809
July 1, 2021 April 15, 2026
2 Juli/ 15 April/
FR0086 10.000 36 (227) 9.809
July 2, 2021 April 15, 2026
5 Juli/ 15 April/
FR0086 90.000 313 (2.032) 88.281
July 5, 2021 April 15, 2026
6 Juli/ 15 April/
FR0086 10.000 29 (220) 9.809
July 6, 2021 April 15, 2026
19 Juli/ 15 April/
FR0086 100.000 653 (2.563) 98.090
July 19, 2021 April 15, 2026
21 Juli/ 15 April/
FR0086 40.000 262 (1.026) 39.236
July 21, 2021 April 15, 2026
7 Oktober/ 15 April/
FR0086 20.000 195 (577) 19.618
October 7, 2021 April 15, 2026
8 Oktober/ 15 April/
FR0086 25.000 244 (721) 24.522
October 8, 2021 April 15, 2026
12 Oktober/ 15 April/
FR0086 40.000 376 (1.140) 39.236
October 12, 2021 April 15, 2026
13 Oktober/ 15 April/
FR0086 40.000 346 (1.110) 39.236
October 13, 2021 April 15, 2026
Dipindahkan/Brought forward 5.973 (28.604) 1.162.369
90
Page 630
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. SURAT BERHARGA YANG DIJUAL DENGAN JANJI 9. MARKETABLE SECURITIES FOR SALE WITH
DIBELI KEMBALI (lanjutan) REVERSE REPURCHASE AGREEMENT (continued)
31 Desember/
December 31,
2022
Premium (diskonto)
yang belum Laba (rugi) yang
Jenis surat diamortisasi/ belum direalisasi/
berharga/ Nilai nominal/ Tanggal dimulai/ Tanggal jatuh tempo/ Unamortized Unrealised gain Nilai bersih/
Securities Nominal value Start date Maturity date premium (discount) (loss) Net value
Surat Utang Negara/Government Debt (lanjutan)/(continued)
Nilai wajar melalui penghasilan komprehensif lain/Fair value through other comprehensive income (lanjutan)/(continued)
Pindahan/Carry forward 5.973 (28.604) 1.162.369
14 Oktober/ 15 April/
FR0086 60.000 564 (1.710) 58.854
October 14, 2021 April 15, 2026
26 Oktober/ 15 April/
FR0086 20.000 246 (628) 19.618
October 26, 2021 April 15, 2026
29 Oktober/ 15 April/
FR0086 80.000 1.062 (2.590) 78.472
October 29, 2021 April 15, 2026
2 November/ 15 April/
FR0086 75.000 973 (2.406) 73.567
November 2, 2021 April 15, 2026
11 November/ 15 April/
FR0086 70.000 961 (2.298) 68.663
November 11, 2021 April 15, 2026
12 November/ 15 April/
FR0086 40.000 536 (1.300) 39.236
November 12, 2021 April 15, 2026
22 November/ 15 April/
FR0086 70.000 1.017 (2.354) 68.663
November 22, 2021 April 15, 2026
23 November/ 15 April/
FR0086 40.000 585 (1.349) 39.236
November 23, 2021 April 15, 2026
24 November/ 15 April/
FR0086 30.000 439 (1.012) 29.427
November 24, 2021 April 15, 2026
25 November/ 15 April/
FR0086 70.000 1.025 (2.363) 68.663
November 25, 2021 April 15, 2026
30 November/ 15 April/
FR0086 60.000 895 (2.042) 58.854
November 30, 2021 April 15, 2026
Subjumlah/Subtotal 14.276 (48.657) 1.765.619
Jumlah/Total 93.723 (48.657) 4.095.066
91
Page 631
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
10. TAGIHAN DARI SURAT BERHARGA YANG DIBELI 10. MARKETABLE SECURITIES PURCHASED UNDER
DENGAN JANJI DIJUAL KEMBALI RESALE AGREEEMENT
Pada tanggal 31 Desember 2023 dan 2022 Bank As of December 31, 2023 and 2022 Bank has a
memiliki tagihan dari surat berharga yang dibeli number of marketable securities purchased under
dengan janji dijual kembali sejumlah Rp6.247.318 resale agreement Rp6,247,318 and Rp7,822,847,
dan Rp7.822.847 dengan rincian sebagai berikut: with details as follows:
2023
Tingkat Pendapatan
suku bunga yang
Jenis surat bunga/ belum direalisasi/
berharga/ Harga beli/ Tanggal mulai/ Tanggal jual kembali/ Interest Harga jual kembali/ Unrealized Nilai bersih/
Securities Purchase price Start date Resale date rate Resale price interest income Net value
Surat Utang Negara
28 Desember 5 Januari
FR0091 417.811 6,25% 418.285 257 418.067
December 28, 2023 January 5, 2024
28 Desember 4 Januari
FR0084 347.288 6,30% 347.676 241 347.529
December 28, 2023 January 4, 2024
29 Desember 5 Januari
FR0068 108.041 6,30% 108.174 57 108.098
December 2, 2023 January 5, 2024
20 Januari 19 Januari
VR0068 23.321 6,70% 24.901 1.502 24.823
January 20, 2023 January 19, 2024
20 Januari 19 Januari
VR0073 70.194 6,71% 71.834 1.537 71.732
January 20, 2023 January 19, 2024
27 Januari 26 Januari
VR0070 23.851 6,71% 25.469 1.507 25.358
January 27, 2023 January 26, 2024
3 Februari 2 Februari
VR0083 46.810 6,71% 49.985 2.897 49.706
February 3, 2023 February 2, 2024
19 Desember 3 Januari
VR0063 380.065 6,40% 380.872 724 380.789
December 19, 2023 January 3, 2024
27 Desember 4 Januari
VR0044 289.789 6,28% 290.193 253 290.042
December 27, 2023 January 4, 2024
27 Desember 4 Januari
VR0045 48.298 6,28% 48.366 42 48.340
December 27, 2023 January 4, 2024
27 Desember 4 Januari
VR0093 48.253 6,28% 48.320 42 48.295
December 27, 2023 January 4, 2024
27 Desember 4 Januari
VR0072 75.260 6,28% 75.365 66 75.325
December 27, 2023 January 4, 2024
28 Desember 3 Januari
FR0059 584.339 6,23% 584.946 404 584.743
December 28, 2023 January 3, 2024
28 Desember 3 Januari
FR0082 483.291 6,23% 483.793 335 483.626
December 28, 2023 January 3, 2024
28 Desember 5 Januari
FR0087 946.003 6,27% 947.089 559 946.562
December 28, 2023 January 5, 2024
21 Desember 4 Januari
FR0076 591.529 6,40% 593.002 1.157 592.686
December 21, 2023 January 4, 2024
22 Desember 5 Januari
FR0080 494.498 6,40% 495.350 557 495.055
December 22, 2023 January 5, 2024
22 Desember 5 Januari
FR0083 201.292 6,40% 201.793 358 201.649
December 22, 2023 January 5, 2024
28 Desember 3 Januari
FR0085 200.400 6,20% 200.607 138 200.538
December 28, 2023 January 3, 2024
28 Desember 3 Januari
FR0098 194.635 6,20% 194.836 134 194.769
December 28, 2023 January 3, 2024
28 Desember 5 Januari
FR0081 286.008 6,30% 286.357 182 286.191
December 28, 2023 January 5, 2024
29 Desember 5 Januari
FR0090 185.223 6,25% 185.448 96 185.319
December 29, 2023 January 5, 2024
29 Desember 3 Januari
VR0077 187.945 6,20% 188.139 129 188.074
December 29, 2023 January 3, 2024
Jumlah/Total 6.234.143,38 6.250.799 13.175 6.247.318
92
Page 632
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
10. TAGIHAN DARI SURAT BERHARGA YANG DIBELI 10. MARKETABLE SECURITIES PURCHASED UNDER
DENGAN JANJI DIJUAL KEMBALI (lanjutan) RESALE AGREEEMENT (continued)
31 Desember/
December 31,
2022
Tingkat Pendapatan
suku bunga yang
Jenis surat bunga/ belum direalisasi/
berharga/ Harga beli/ Tanggal mulai/ Tanggal jual kembali/ Interest Harga jual kembali/ Unrealized Nilai bersih/
Securities Purchase price Start date Resale date rate Resale price interest income Net value
Surat Utang Negara
1 Desember/ 2 Januari/
FR0087 367.130 5,86% 369.043 60 368.983
December 1, 2022 January 2, 2023
2 Desember/ 2 Januari/
FR0081 148.341 5,88% 149.092 24 149.068
December 2, 2022 January 2, 2023
2 Desember/ 2 Januari/
FR0084 99.477 5,88% 99.981 16 99.964
December 2, 2022 January 2, 2023
2 Desember/ 1 Desember/
FR0083 191.662 6,66% 204.569 11.843 192.726
December 2, 2022 December 1, 2023
5 Desember/ 4 Januari/
FR0088 42.352 5,90% 42.561 21 42.540
December 5, 2022 January 4, 2023
5 Desember/ 4 Januari/
FR0065 115.692 5,90% 116.261 57 116.204
December 5, 2022 January 4, 2023
9 Desember/ 6 Januari/
VR0078 285.505 5,79% 286.790 230 286.561
December 9, 2022 January 6, 2023
23 Desember/ 6 Januari/
VR0037 139.585 5,95% 139.908 115 139.793
December 23, 2022 January 6, 2023
23 Desember/ 6 Januari/
VR0072 46.831 5,95% 46.939 39 46.900
December 23, 2022 January 6, 2023
26 Desember/ 2 Januari/
VR0068 381.224 5,80% 381.654 61 381.593
December 26, 2022 January 2, 2023
27 Desember/ 10 Januari/
VR0077 140.534 6,00% 140.862 211 140.651
December 27, 2022 January 10, 2023
27 Desember/ 10 Januari/
FR0096 28.650 6,00% 28.717 43 28.674
December 27, 2022 January 10, 2023
28 Desember/ 4 Januari/
VR0053 116.745 5,80% 116.876 56 116.820
December 28, 2022 January 4, 2023
28 Desember/ 11 Januari/
VR0037 931.166 6,00% 933.339 1.552 931.787
December 28, 2022 January 11, 2023
29 Desember/ 5 Januari/
VR0046 192.083 5,50% 192.288 117 192.171
December 29, 2022 January 5, 2023
29 Desember/ 5 Januari/
VR0050 1.004.411 5,50% 1.005.485 614 1.004.871
December 29, 2022 January 5, 2023
29 Desember/ 5 Januari/
VR0062 906.457 5,50% 907.426 554 906.872
December 29, 2022 January 5, 2023
29 Desember/ 6 Januari/
VR0075 234.299 5,85% 234.604 190 234.413
December 29, 2022 January 6, 2023
29 Desember/ 12 Januari/
VR0045 924.263 5,77% 926.337 1.630 924.708
December 29, 2022 January 12, 2023
30 Desember/ 6 Januari/
VR0034 382.616 5,50% 383.025 292 382.733
December 30, 2022 January 6, 2023
30 Desember/ 13 Januari/
VR0036 573.923 5,77% 575.211 1.104 574.107
December 30, 2022 January 13, 2023
30 Desember/ 27 Januari/
VR0065 370.622 6,03% 372.361 1.614 370.747
December 30, 2022 January 27, 2023
30 Desember/ 29 Januari/
VR0044 189.891 6,66% 202.678 12.717 189.961
December 30, 2022 January 29, 2023
Jumlah/Total 7.856.007 33.160 7.822.847
93
Page 633
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. TAGIHAN LAINNYA 11. OTHER RECEIVABLES
31 Desember/ 31 Desember/
December 31, December 31,
2023 2022
Tagihan transfer dan ATM 122.780 194.150 Transfer receivables and ATM
Lainnya 100.358 91.997 Others
Jumlah 223.138 286.147 Total
Pada tanggal 31 Desember 2023 dan 2022, tidak As of December 31, 2023 and 2022, there were no
terdapat tagihan pada pihak berelasi. other receivables from related parties.
Kolektibilitas tagihan lainnya pada tanggal The collectibility of all other receivables as of
31 Desember 2023 dan 2022 adalah lancar. December 31, 2023 and 2022 was classified as
current.
Manajemen berpendapat bahwa jumlah penyisihan Management believes that the allowance for
kerugian penurunan nilai untuk menutupi kemungkinan impairment losses on uncollectible bank guarantee
kerugian yang timbul akibat bank garansi tidak tertagih is adequate.
adalah memadai.
94
Page 634
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN DAN PEMBIAYAAN 12. LOANS AND SHARIA FINANCING
SYARIAH
Seluruh kredit yang diberikan oleh Bank adalah dalam All loans provided by the Bank are in Rupiah.
Rupiah.
a. Berdasarkan jenis dan kolektibilitas a. By type and collectibility of loans
31 Desember/
December 31,
2023
Dalam
perhatian Kurang
khusus/ lancar/
Jumlah/ Lancar/ Special Sub- Diragukan/ Macet/
Total Current mention standard Doubtful Loss
Modal kerja 15.550.351 13.946.393 924.261 59.999 88.048 531.650 Working capital
Investasi 8.002.279 6.786.068 1.060.393 6.918 13.921 134.979 Investment
Konsumsi 31.208.273 30.301.188 378.777 30.496 36.134 461.678 Consumption
Jumlah 54.760.903 51.033.649 2.363.431 97.413 138.103 1.128.307 Total
Dikurangi: Penyisihan Less: Allowance for
kerugian penurunan nilai (1.364.905) (427.551) (236.983) (27.840) (49.043) (623.488) impairment losses
Jumlah kredit yang
diberikan, neto 53.395.998 50.606.098 2.126.448 69.573 89.060 504.819 Total loans, net
31 Desember/
December 31,
2022
Dalam
perhatian Kurang
khusus/ lancar/
Jumlah/ Lancar/ Special Sub- Diragukan/ Macet/
Total Current mention standard Doubtful Loss
Modal kerja 10.968.010 9.802.144 457.228 20.906 37.479 650.253 Working capital
Investasi 6.570.658 6.296.351 151.931 3.855 3.343 115.178 Investment
Konsumsi 28.657.989 27.883.864 295.970 26.323 37.043 414.789 Consumption
Jumlah 46.196.657 43.982.359 905.129 51.084 77.865 1.180.220 Total
Dikurangi: Penyisihan Less: Allowance for
kerugian penurunan nilai (1.318.612) (395.953) (78.550) (18.979) (28.495) (796.635) impairment losses
Jumlah kredit yang
diberikan, neto 44.878.045 43.586.406 826.579 32.105 49.370 383.585 Total loans, net
95
Page 635
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN DAN PEMBIAYAAN 12. LOANS AND SHARIA FINANCING (continued)
SYARIAH (lanj\utan)
b. Berdasarkan sektor ekonomi dan kolektibilitas b. By economic sector of loans and collectibility
31 Desember/
December 31,
2023
Dalam
perhatian Kurang
khusus/ lancar/
Jumlah/ Lancar/ Special Sub- Diragukan/ Macet/
Total Current mention standard Doubtful Loss
Rumah tangga 31.178.711 30.271.804 378.644 30.495 36.136 461.632 Household
Perdagangan besar dan eceran 8.537.898 7.515.612 610.679 31.394 55.198 325.015 Wholesale and retail trade
Konstruksi 3.752.737 2.813.677 823.599 11.970 1.000 102.491 Construction
Industri pengolahan 3.098.925 2.944.123 69.337 5.798 7.948 71.719 Processing industry
Jasa kemasyarakatan dan sosial budaya 1.894.090 1.812.244 41.529 2.047 15.773 22.497 Public and social culture services
Pertanian perburuan dan kehutanan 2.702.863 2.311.400 297.926 6.783 15.767 70.987 Agriculture, hunting and forestry
Perantara keuangan 2.007.568 1.954.823 12.849 5.588 36 34.272 Financial intermediaries
Akomodasi makanan dan minuman 426.174 401.010 14.936 1.087 1.879 7.262 Accomodation, food and beverage
Jasa pendidikan 265.951 265.137 514 300 - - Education services
Transportasi pergudangan dan Transportation, warehousing
komunikasi 211.356 192.494 11.262 1.173 393 6.034 and communications
Jasa kesehatan dan kegiatan sosial 221.041 207.914 7.379 - - 5.748 Health services and social activities
Real estate usaha persewaan Real estate, business services
dan jasa perusahaan 136.672 115.637 6.910 3 3 14.119 and business ownership
Listrik gas dan air 28.576 28.337 239 - - - Electricity, gas and water
Perikanan 131.245 117.689 5.453 659 3.942 3.502 Fishery
Pertambangan dan penggalian 34.574 28.276 3.862 27 - 2.409 Mining and quarying
Jasa perorangan yang melayani rumah tangga 21.543 19.674 1.179 89 28 573 Individual services which serve households
Kegiatan yang belum jelas batasannya 4.091 4.091 - - - - Activity is still undefined
Administrasi Pemerintahan, Pertahanan dan Government Administration, Defense and
Jaminan Sosial Wajib 78.063 929 77.134 - - - Mandatory Sosial Security
Lainnya 28.825 28.778 - - - 47 Other
Jumlah 54.760.903 51.033.649 2.363.431 97.413 138.103 1.128.307 Total
Dikurangi: Penyisihan Less: Allowance for
kerugian penurunan nilai (1.364.905) (427.551) (236.983) (27.840) (49.043) (623.488) impairment losses
Jumlah kredit yang diberikan, neto 53.395.998 50.606.098 2.126.448 69.573 89.060 504.819 Total loans, net
31 Desember/
December 31,
2022
Dalam
perhatian Kurang
khusus/ lancar/
Jumlah/ Lancar/ Special Sub- Diragukan/ Macet/
Total Current mention standard Doubtful Loss
Rumah tangga 28.626.074 27.853.074 294.934 26.323 37.043 414.700 Household
Perdagangan besar dan eceran 5.770.630 5.035.105 315.445 14.955 21.580 383.545 Wholesale and retail trade
Konstruksi 3.598.479 3.466.058 15.856 1.066 - 115.499 Construction
Industri pengolahan 2.319.103 2.198.171 40.870 2.073 3.118 74.871 Processing industry
Jasa kemasyarakatan dan sosial budaya 1.901.379 1.853.941 18.868 345 2.635 25.590 Public and social culture services
Pertanian perburuan dan kehutanan 1.579.975 1.331.024 157.290 4.177 6.645 80.839 Agriculture, hunting and forestry
Perantara keuangan 1.187.332 1.127.892 27.999 1.359 5.764 24.318 Financial intermediaries
Akomodasi makanan dan minuman 321.695 296.561 12.186 692 49 12.207 Accomodation, food and beverage
Jasa pendidikan 104.662 104.475 - - - 187 Education services
Transportasi pergudangan dan Transportation, warehousing
komunikasi 173.033 160.565 3.563 - - 8.905 and communications
Jasa kesehatan dan kegiatan sosial 135.295 124.066 810 - - 10.419 Health services and social activities
Real estate usaha persewaan Real estate, business services
dan jasa perusahaan 123.042 98.683 3.336 91 41 20.891 and business ownership
Listrik gas dan air 29.627 29.256 349 - - 22 Electricity, gas and water
Perikanan 75.092 63.749 8.055 3 878 2.407 Fishery
Pertambangan dan penggalian 24.244 15.370 3.833 - - 5.041 Mining and quarying
Jasa perorangan yang melayani rumah tangga 13.872 12.374 697 - 112 689 Individual services which serve households
Kegiatan yang belum jelas batasannya 6.484 6.484 - - - - Activity is still undefined
Administrasi Pemerintahan, Pertahanan dan Government Administration, Defense and
Jaminan Sosial Wajib 174.195 174.195 - - - - Mandatory Sosial Security
Lainnya 32.444 31.316 1.038 - - 90 Other
Jumlah 46.196.657 43.982.359 905.129 51.084 77.865 1.180.220 Total
Dikurangi: Penyisihan Less: Allowance for
kerugian penurunan nilai (1.318.612) (395.953) (78.550) (18.979) (28.495) (796.635) impairment losses
Jumlah kredit yang diberikan, neto 44.878.045 43.586.406 826.579 32.105 49.370 383.585 Total loans, net
96
Page 636
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN DAN PEMBIAYAAN 12. LOANS AND SHARIA FINANCING (continued)
SYARIAH (lanjutan)
c. Berdasarkan sisa umur kredit c. Maturity of loans
31 Desember/ 31 Desember/
December 31, December 31,
2023 2022
Kurang dari 1 tahun 8.818.032 5.289.294 Less than 1 year
1 - 2 tahun 3.306.375 3.476.781 1 - 2 years
Lebih dari 2 - 5 tahun 16.294.690 12.888.940 More than 2 - 5 years
Lebih dari 5 tahun 26.341.806 24.541.642 Over 5 years
54.760.903 46.196.657
Dikurangi: Penyisihan Less: Allowance for
kerugian penurunan nilai (1.364.905) (1.318.612) impairment losses
Jumlah kredit yang
diberikan, neto 53.395.998 44.878.045 Total loans, net
d. Berdasarkan hubungan d. By relationship
31 Desember/
December 31,
2023
Dalam
perhatian Kurang
khusus/ lancar/
Jumlah/ Lancar/ Special Sub- Diragukan/ Macet/
Total Current mention standard Doubtful Loss
Pihak berelasi (Catatan 40) 184.848 107.371 77.134 - 343 - Related party (Note 40)
Pihak ketiga 54.576.055 50.926.278 2.286.297 97.413 137.760 1.128.307 Third parties
Jumlah 54.760.903 51.033.649 2.363.431 97.413 138.103 1.128.307 Total
Dikurangi: Penyisihan Less: Allowance for
kerugian penurunan nilai impairment losses
Pihak berelasi (1.351) (156) (1.054) - (141) - Related parties
Pihak ketiga (1.363.554) (427.395) (235.929) (27.840) (48.902) (623.488) Third parties
Jumlah (1.364.905) (427.551) (236.983) (27.840) (49.043) (623.488) Total
Jumlah kredit yang
diberikan, neto 53.395.998 50.606.098 2.126.448 69.573 89.060 504.819 Total loans, net
31 Desember/
December 31,
2022
Dalam
perhatian Kurang
khusus/ lancar/
Jumlah/ Lancar/ Special Sub- Diragukan/ Macet/
Total Current mention standard Doubtful Loss
Pihak berelasi (Catatan 40) 134.871 132.025 2.846 - - - Related party (Note 40)
Pihak ketiga 46.061.786 43.850.334 902.283 51.084 77.865 1.180.220 Third parties
Jumlah 46.196.657 43.982.359 905.129 51.084 77.865 1.180.220 Total
Dikurangi: Penyisihan Less: Allowance for
kerugian penurunan nilai impairment losses
Pihak berelasi (284) (127) (157) - - - Related parties
Pihak ketiga (1.318.328) (395.826) (78.393) (18.979) (28.495) (796.635) Third parties
Jumlah (1.318.612) (395.953) (78.550) (18.979) (28.495) (796.635) Total
Jumlah kredit yang
diberikan, neto 44.878.045 43.586.406 826.579 32.105 49.370 383.585 Total loans, net
97
Page 637
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN DAN PEMBIAYAAN 12. LOANS AND SHARIA FINANCING (continued)
SYARIAH (lanjutan)
d. Berdasarkan hubungan (lanjutan) d. By relationship (continued)
Kredit yang diberikan kepada pihak berelasi, Loans to related parties include loans to key
termasuk pinjaman kepada manajemen kunci. management. Loans to key management as of
Pinjaman kepada manajemen kunci pada December 31, 2023 and 2022 amounted to
tanggal 31 Desember 2023 dan 2022, masing- Rp100,611 and Rp104,192, respectively (Note
masing sebesar Rp100.611 dan Rp104.192 40), which involved automobiles, housing and
(Catatan 40) merupakan kredit untuk pembelian other loans, with terms of between 1 - 20 years
kendaraan, rumah dan keperluan lainnya and interest at rates of between 4.60% per
dengan jangka waktu antara 1 - 20 tahun dan annum.
dikenakan bunga sebesar 4,60% per tahun.
e. Tingkat bunga tahunan e. Annual interest rates
Tingkat bunga kredit yang diberikan dalam The annual interest rates of loans in Rupiah as of
Rupiah pada tanggal 31 Desember 2023 dan December 31, 2023 and 2022 are 10.50%-
2022, masing-masing sebesar 10,50%-12,75%. 12.75% respectively.
f. Kredit sindikasi f. Syndicated loans
Keikutsertaan Bank sebagai anggota sindikasi The share of the Bank in syndicated loans as of
dengan persentase penyertaan pada tanggal December 31, 2023 and 2022 ranged from 2.64%
31 Desember 2023 dan 2022, masing-masing - 63.89%, respectively, from total of syndication
berkisar antara 2,64%-63,89% dari total loan.
pinjaman sindikasi.
g. Kredit yang direstrukturisasi g. Restructured loans
Restrukturisasi kredit pada tanggal 31 The restructured loans as of December 31, 2023
Desember 2023 dan 2022, adalah masing- and 2022 amounted to Rp3,901,204 and to
masing sebesar Rp3.901.204 dan Rp3.937.602. Rp3,937,602.
31 Desember/ 31 Desember/
December 31, December 31,
2023 2022
Perpanjangan waktu kredit 906.673 215.738 Exsistension of loan period
Perpanjangan waktu kredit dan Exsistension of loan period and interest
penyesuaian suku bunga 8.100 13.846 rate adjusment
Perpanjangan waktu kredit dan skema lain 2.986.431 3.708.018 Exsistension of loan period and other schemes
Jumlah 3.901.204 3.937.602 Total
Bank telah melakukan restrukturisasi kredit The Bank has restructured loan for debtors
untuk debitur yang terdampak pandemi Covid- affected by the Covid-19 pandemic in accordance
19 sesuai dengan POJK No. 11/POJK.03/2020 with POJK No. 11/POJK.03/2020 dated March 13,
tanggal 13 Maret 2020 tentang Stimulus 2020 regarding National Economic Stimulus as
Perekonomian Nasional sebagai Kebijakan Countercyclical Policy Impact of Coronavirus
Countercyclical Dampak Penyebaran Disease Spread 2019.
Coronavirus Disease 2019.
h. Batas Maksimum Pemberian Kredit (BMPK) h. Legal Lending Limits (BMPK)
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, the Bank
Bank telah memenuhi ketentuan BMPK. was in compliance with Bank Indonesia’s legal
lending limits.
98
Page 638
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN DAN PEMBIAYAAN 12. LOANS AND SHARIA FINANCING (continued)
SYARIAH (lanjutan)
i. Dalam pinjaman termasuk saldo pembiayaan i. The amounts of loans including financing
yang diberikan berdasarkan prinsip Syariah dari provided based on Sharia principles from
unit usaha Syariah pada tanggal 31 Desember Sharia unit as of December 31, 2023 and 2022
2023 dan 2022, adalah sebagai berikut: are as follows:
31 Desember/ 31 Desember/
December 31, December 31,
2023 2022
Murabahah 902.861 874.944 Murabahah
Musyarakah 1.130.521 767.912 Musyarakah
Mudharabah 105.174 223.915 Mudharabah
Qardh 49.062 36.423 Qardh
Ijarah 241 277 Ijarah
Jumlah 2.187.859 1.903.471 Total
j. Kredit tidak lancar j. Non-performing loans (NPL)
31 Desember/ 31 Desember/
December 31, December 31,
2023 2022
Jumlah NPL 1.363.823 1.309.169 Total NPL
Rasio NPL bruto 2,49% 2,83% Ratio of gross NPL
Rasio NPL neto 1,21% 1,01% Ratio of net NPL
k. Jumlah kredit yang diberikan dan pembiayaan k. Total loans and sharia financing pledged as
syariah dijaminkan pada tanggal 31 Desember collateral as of December 31, 2023 and 2022
2023 dan 2022, masing-masing sebesar were Rp885,916 and Rp303,930, respectively
Rp885.916 dan Rp303.930 dengan jaminan with collateral of time deposit amounting
berupa deposito berjangka masing-masing Rp203,926 and Rp127,942. (Note 18c).
sebesar Rp203.926 dan Rp127.942. (Catatan
18c).
l. Kredit yang diberikan dan pembiayaan syariah l. Loans and sharia financing written-off for the
yang dihapusbukukan untuk tahun yang berakhir year ended December 31, 2023 and 2022
pada tanggal 31 Desember 2023 dan 2022, amounted to Rp629,551 and Rp900,559
masing-masing adalah sebesar Rp629.551 dan respectively.
Rp900.559.
m. Perubahan penyisihan kerugian penurunan nilai m. The changes in the allowance for impairment
adalah sebagai berikut: losses are as follows:
2023
Pembiayaan
Cadangan kerugian penurunan nilai - kredit yang diberikan/ Tahap/ Tahap/ Tahap/ syariah/ Jumlah/
Allowance for impairment losses - loans Stage 1 Stage 2 Stage 3 Sharia financing Total
Saldo awal tahun/
263.059 61.303 911.041 83.210 1.318.613
Beginning balance of year
Perubahan aset keuangan yang diakui pada laporan laba rugi:/
Change due to financial assets recognize in the statement of profit or loss that
have:
Transfer ke tahap 1/Transfer to stage 1 73.003 (22.860) (50.143) - -
Transfer ke tahap 2/Transfer to stage 2 (5.661) 9.079 (3.418) - -
Transfer ke tahap 3/Transfer to stage 3 (18.452) (24.104) 42.556 - -
Penghapusbukuan/Writte-off (115.198) (70.829) (395.310) (48.214) (629.551)
Dibebankan ke laporan laba rugi/
170.959 121.483 365.005 18.396 675.843
Charge to statement of profit or loss
Saldo 31 Desember 2023/
367.710 74.072 869.731 53.392 1.364.905
Balance at December 31, 2023
99
Page 639
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN DAN PEMBIAYAAN 12. LOANS AND SHARIA FINANCING (continued)
SYARIAH (lanjutan)
m. Perubahan penyisihan kerugian penurunan nilai m. The changes in the allowance for impairment
adalah sebagai berikut (lanjutan): losses are as follows (continued):
2022
Pembiayaan
Cadangan kerugian penurunan nilai - kredit yang diberikan/ Tahap/ Tahap/ Tahap/ syariah/ Jumlah/
Allowance for impairment losses - loans Stage 1 Stage 2 Stage 3 Sharia financing Total
Saldo awal tahun/
15.807 73.110 1.659.071 83.429 1.831.417
Beginning balance of year
Perubahan aset keuangan yang diakui pada laporan laba rugi:/
Change due to financial assets recognize in the statement of profit or loss that
have:
Transfer ke tahap 1/Transfer to stage 1 137.683 (22.598) (115.085) - -
Transfer ke tahap 2/Transfer to stage 2 (1.493) 11.190 (9.697) - -
Transfer ke tahap 3/Transfer to stage 3 (2.649) (34.464) 37.113 - -
Penghapusbukuan/Writte-off (58.773) (25.414) (800.922) (15.450) (900.559)
Dibebankan ke laporan laba rugi/
172.483 59.479 140.562 15.230 387.754
Charge to statement of profit or loss
Saldo 31 Desember 2022/
263.058 61.303 911.042 83.209 1.318.612
Balance at December 31, 2022
Manajemen berpendapat bahwa jumlah Management believes that the allowance for
penyisihan kerugian penurunan nilai untuk impairment losses on uncollectible loans and
menutup kemungkinan kerugian yang timbul sharia financing is adequate.
akibat kredit yang diberikan dan pembiayaan
syariah tidak tertagih adalah memadai.
Saldo cadangan kerugian penurunan nilai The balance of allowance for impairment losses
adalah sebesar Rp732.824 (individual) dan amounted to Rp732,824 (individual) and
Rp632.081 (kolektif) pada tanggal 31 Rp632,081 (collective) as of December 31, 2023
Desember 2023 dan Rp866.893 (individual) dan and Rp866,893 (individual) and Rp451,719
Rp451.719 (kolektif) pada tanggal 31 Desember (collective) as of December 31, 2022.
2022.
Beban penyisihan kerugian penurunan nilai Provision for impairment losses amounted to
adalah sebesar Rp675.843 dan Rp387.754 Rp675,843 and Rp387,754 as of December 31,
pada tanggal 31 Desember 2023 dan 2022 2023 and 2022 (Note 33).
(Catatan 33).
Manajemen berpendapat bahwa jumlah Management believes that the allowance for
cadangan kerugian penurunan nilai yang impairment losses is adequate to cover possible
dibentuk cukup untuk menutup kerugian yang losses arising from uncollectible loans and sharia
mungkin timbul akibat tidak tertagihnya kredit financing.
yang diberikan dan pembiayaan syariah.
100
Page 640
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN DAN PEMBIAYAAN 12. LOANS AND SHARIA FINANCING (continued)
SYARIAH (lanjutan)
n. Mutasi nilai tercatat bruto kredit yang diberikan n. Changes in the gross carrying amount of loans
dan pembiayaan syariah: and sharia financing:
2023
Pembiayaan
Nilai tercatat bruto kredit yang diberikan/ Tahap/ Tahap/ Tahap/ syariah/ Jumlah/
Gross carrying amount of the loans Stage 1 Stage 2 Stage 3 Sharia financing Total
Saldo awal tahun/
42.094.584 598.657 1.599.946 1.903.471 46.196.658
Beginning balance of year
Perubahan aset keuangan/
-
Change due to financial assets
Transfer ke tahap 1/Transfer to stage 1 218.473 (230.287) 11.814 - -
Transfer ke tahap 2/Transfer to stage 2 (453.664) 464.752 (11.088) - -
Transfer ke tahap 3/Transfer to stage 3 (785.024) (222.195) 1.007.219 - -
Aset keuangan yang baru atau dibeli/
23.969.845 269.423 688.003 332.602 25.259.873
New financial assets originated or purchased
Modifikasi arus kas kontraktual atas aset keuangan/
(2.598.015) (27.837) (970.923) (3.596.775)
Modification of contractual cashflow of financial assets
Perubahan akrual bunga/Change in interest accrual (12.613.817) (111.726) 256.241 - (12.469.302)
Penghapusbukuan/Writte-off (115.198) (70.829) (395.310) (48.214) (629.551)
Saldo 31 Desember 2023/
49.717.184 669.958 2.185.902 2.187.859 54.760.903
Balance at December 31, 2023
2022
Pembiayaan
Nilai tercatat bruto kredit yang diberikan/ Tahap/ Tahap/ Tahap/ syariah/ Jumlah/
Gross carrying amount of the loans Stage 1 Stage 2 Stage 3 Sharia financing Total
Saldo awal tahun/
38.319.178 549.722 2.118.291 1.762.368 42.749.559
Beginning balance of year
Perubahan aset keuangan/
Change due to financial assets
Transfer ke tahap 1/Transfer to stage 1 332.412 (192.277) (140.135) - -
Transfer ke tahap 2/Transfer to stage 2 (473.300) 492.701 (19.401) - -
Transfer ke tahap 3/Transfer to stage 3 (539.528) (216.055) 755.583 - -
Aset keuangan yang baru atau dibeli/
19.942.656 170.525 65.829 - 20.179.010
New financial assets originated or purchased
Modifikasi arus kas kontraktual atas aset keuangan/
(3.169.533) (34.190) (380.246) - (3.583.968)
Modification of contractual cashflow of financial assets
Perubahan bersih pada eksposur dan pengukuran kembali/
(12.258.559) (146.354) 976 156.553 (12.247.385)
Net change in exposure and remeasurement
Penghapusbukuan/Writte-off (58.773) (25.414) (800.922) (15.450) (900.559)
Saldo 31 Desember 2022/
42.094.553 598.658 1.599.975 1.903.471 46.196.657
Balance at December 31, 2022
101
Page 641
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN DAN PEMBIAYAAN 12. LOANS AND SHARIA FINANCING (continued)
SYARIAH (lanjutan)
o. Rasio kredit usaha mikro, kecil dan menengah o. Ratio of micro, small and medium scale
(UMKM) terhadap jumlah kredit yang diberikan enterprises (UMKM) credit to total loans as at
pada tanggal-tanggal 31 Desember 2023 dan December 31, 2023 and 2022 were 26.81% and
2022, masing-masing adalah sebesar 26,81% 22.81% respectively.
dan 22,81%.
p. Dalam rangka percepatan Pemulihan Ekonomi p. In order to accelerate National Economic
Nasional (PEN) sesuai Peraturan Menteri Recovery Program (PEN) based on PMK No.
Keuangan No. 70/PMK.05/2020, Pemerintah 70/PMK.05/2020, Government place their funds in
melakukan Penempatan Uang Negara kepada banks, which the Bank is one of them, in time
perbankan salah satunya Bank, dalam bentuk deposit with 6 (six) months tenor contract
deposito dengan tenor 6 (enam) bulan sebesar amounted to Rp2,000,000 on August 14, 2020
Rp2.000.000 pada tanggal 14 Agustus 2020 until February 10, 2021. The Government fund
sampai 10 Februari 2021. Dana pemerintah has been distributed in form of loan amounted to
tersebut telah disalurkan dalam bentuk kredit Rp8,092,192 until February 10, 2021 and the fund
sebesar Rp8.092.192 sampai dengan tanggal 10 will be returned to Government.
Februari 2021, dan selanjutnya dana akan
dikembalikan kepada Pemerintah.
Bank juga berpartisipasi dalam penyaluran Bank also participate in channeling interest
subsidi bunga dari Pemerintah bagi debitur subsidy from Government for Small Medium
UMKM dan subsidi bunga tambahan untuk Enterprise (SME) debtors and additional interest
Kredit Usaha Rakyat (KUR) sesuai dengan PMK subsidy for Kredit Usaha Rakyat (KUR) program
No.85/PMK.05/2020 untuk periode Mei 2020. based on PMK No.85/PMK.05/2020 for period
May, 2020.
Besaran subsidi bunga tersebut adalah sebagai The interest subsidies will cover loan interest are
berikut: as follows:
1. Plafon kredit kurang dari atau sama dengan 1. The credit limit is less than or equal to Rp500,
Rp500, subsidi bunga yang diberikan the interest subsidy is 6% for the first 3 ((three)
sebesar 6% selama 3 (tiga) bulan pertama months and 3% for the following three months.
dan 3% selama tiga bulan berikutnya.
2. Plafon kredit lebih dari Rp500 sampai 2. The credit limit is more than Rp500 to
dengan Rp10.000, subsidi bunga yang Rp10,000, the interest subsidy is 3% for the
diberikan sebesar 3% selama 3 (tiga) bulan first (three) months and 2% for the following
pertama dan 2% selama tiga bulan three months.
berikutnya.
Sampai dengan tanggal 31 Desember 2023, Until December 31, 2023, the Bank has
Bank telah menerima subsidi bunga dari distributed interest subsidies for SME debtors
Pemerintah untuk disalurkan kepada debitur amounted to Rp2,778.
UMKM sebesar Rp2.778.
102
Page 642
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
13. PENDAPATAN BUNGA YANG MASIH AKAN 13. ACCRUED INTEREST INCOME
DITERIMA
31 Desember/ 31 Desember/
December 31, December 31,
2023 2022
Jumlah nosional Jumlah nosional
mata uang asing/ mata uang asing/
Notional amount Notional amount
foreign foreign
currencies Ekuivalen currencies Ekuivalen
(Dalam angka Rupiah/ (Dalam angka Rupiah/
penuh/ In full Rupiah penuh/ In full Rupiah
amount) equivalent amount) equivalent
Rupiah: Rupiah:
Kredit yang diberikan 377.219 340.021 Loans
Lain-lain 308.346 306.091 Others
Mata uang asing: Foreign currencies:
Dolar Amerika Serikat 10.976 169 835 13 United States Dollar
Jumlah pendapatan bunga yang
masih akan diterima 685.734 646.125 Total accrued interest income
14. BIAYA DIBAYAR DIMUKA 14. PREPAID EXPENSES
31 Desember/ 31 Desember/
December 31, December 31,
2023 2022
Asuransi tunjangan hari tua 97.840 88.765 Mutual aid pension insurance
Asuransi lainnya 50.048 37.924 Other insurance
Sewa dibayar dimuka 22.372 6.216 Prepaid rent
Lainnya 37.192 33.756 Others
Jumlah 207.452 166.661 Total
Sewa dibayar dimuka merupakan sewa atas gedung Prepaid rent represents rent of the branch office
kantor cabang dan rumah dinas. buildings and official house.
103
Page 643
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
15. ASET TETAP 15. FIXED ASSETS
31 Desember/
December 31,
2023
Saldo awal/
Penambahan/ Pengurangan/ Reklasifikasi/ Revaluasi/ Saldo akhir/
Beginning
Additions Deduction Reclassification Revaluation Ending balance
balance
Biaya perolehan Cost
Tanah 945.010 - - - (1.950) 943.060 Land
Bangunan 203.402 320 - - - 203.722 Buildings
Peralatan kantor 678.419 58.338 - - - 736.757 Office equipment
Kendaraan bermotor 50.516 13.746 12.552 - - 51.710 Motor vehicles
1.877.347 72.404 12.552 - (1.950) 1.935.249
Aset dalam penyelesaian 681 115 - - - 796 Construction in progress
Aset hak guna 231.232 76.779 13.178 - - 294.833 Right of use assets
2.109.260 149.298 25.730 - (1.950) 2.230.878
Akumulasi penyusutan Accumulated depreciation
Bangunan 116.296 9.179 - - - 125.475 Buildings
Peralatan kantor 574.638 67.928 - - - 642.566 Office equipment
Kendaraan bermotor 24.616 7.426 12.552 - - 19.490 Motor vehicles
715.550 84.533 12.552 - - 787.531
Aset hak guna 109.460 66.219 10.045 - - 165.634 Right of use assets
825.010 150.752 22.597 - - 953.165
Nilai buku neto 1.284.250 1.277.713 Net book value
31 Desember/
December 31,
2022
Saldo awal/
Penambahan/ Pengurangan/ Reklasifikasi/ Revaluasi/ Saldo akhir/
Beginning
Additions Deduction Reclassification Revaluation Ending balance
balance
Biaya perolehan Cost
Tanah 856.993 47.736 - - 40.281 945.010 Land
Bangunan 203.366 36 - - - 203.402 Buildings
Peralatan kantor 546.324 98.090 234 34.239 - 678.419 Office equipment
Kendaraan bermotor 33.754 28.840 12.078 - - 50.516 Motor vehicles
1.640.437 174.702 12.312 34.239 40.281 1.877.347
Aset dalam penyelesaian 591 90 - - - 681 Construction in progress
Aset hak guna 265.235 73.477 107.480 - - 231.232 Right of use assets
1.906.263 248.269 119.792 34.239 40.281 2.109.260
Akumulasi penyusutan Accumulated depreciation
Bangunan 107.086 9.210 - - - 116.296 Buildings
Peralatan kantor 492.081 64.921 234 17.870 - 574.638 Office equipment
Kendaraan bermotor 33.090 3.604 12.078 - - 24.616 Motor vehicles
632.257 77.735 12.312 17.870 - 715.550
Aset hak guna 129.795 87.145 107.480 - - 109.460 Right of use assets
762.052 164.880 119.792 17.870 - 825.010
Nilai buku neto 1.144.211 1.284.250 Net book value
104
Page 644
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
15. ASET TETAP (lanjutan) 15. FIXED ASSETS (continued)
Aset hak guna per 31 Desember 2023 dan 2022 Right of use assets as of December 31, 2023 and
adalah sebagai berikut: 2022 are as follows:
30 September/
September 30,
2023
Saldo awal/ Penambahan/ Pengurangan/ Reklasifikasi/ Saldo akhir/
Beginning Addition Deduction Reclassification Ending balance
balance
Biaya perolehan Cost
Aset Hak Guna Right of use assets
Bangunan 188.065 42.019 4.280 - 225.804 Buildings
Peralatan Kantor 10.737 34.672 7.938 - 37.471 Office Equipment
Kendaraan 32.430 88 960 - 31.558 Motor Vehicles
Total Biaya Perolehan 231.232 76.779 13.178 - 294.833 Total Cost
Akumulasi penyusutan Accumulated depreciation
Aset Hak Guna Right of use assets
Bangunan 86.080 41.654 4.280 - 123.454 Buildings
Peralatan Kantor 5.990 12.178 4.805 - 13.363 Office Equipment
Kendaraan 17.390 12.387 960 - 28.817 Motor Vehicles
Total Akumulasi Penyusutan 109.460 66.219 10.045 - 165.634 Total Accumulated depreciation
Nilai buku 121.772 129.199 Net book value
31 Desember/
December 31,
2022
Saldo awal/ Penambahan/ Pengurangan/ Reklasifikasi/ Saldo akhir/
Beginning Addition Deduction Reclassification Ending balance
balance
Biaya perolehan Cost
Aset Hak Guna Right of use assets
Bangunan 159.663 53.474 25.072 - 188.065 Buildings
Peralatan Kantor 25.778 9.222 24.263 - 10.737 Office Equipment
Kendaraan 79.794 10.781 58.145 - 32.430 Motor Vehicles
Total Biaya Perolehan 265.235 73.477 107.480 - 231.232 Total Cost
Akumulasi penyusutan Accumulated depreciation
Aset Hak Guna Right of use assets
Bangunan 69.492 41.660 25.072 - 86.080 Buildings
Peralatan Kantor 15.563 14.690 24.263 - 5.990 Office Equipment
Kendaraan 44.740 30.795 58.145 - 17.390 Motor Vehicles
Total Akumulasi Penyusutan 129.795 87.145 107.480 - 109.460 Total Accumulated depreciation
Nilai buku 135.440 121.772 Net book value
105
Page 645
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
15. ASET TETAP (lanjutan) 15. FIXED ASSETS (continued)
Tanah merupakan Sertifikat Hak Guna Bangunan Land represents Building Rights Title (SHGB), Strata
(SHGB), Sertifikat Hak Milik atas Satuan Rumah Susun Title (SHMASRS) and Freehold Title (SHM) of
(SHMASRS) dan Sertifikat Hak Milik (SHM) seluas 106,820 m2. SHGB and SHMASRS were obtained
106.820 m2. SHGB dan SHMASRS diberikan untuk for a maximum period of 30 years and may be
periode maksimum 30 tahun dan dapat diperbarui. extended.
Beban penyusutan untuk tahun yang berakhir pada Depreciation expense for years ended December
tanggal 31 Desember 2023 dan 2022, masing-masing 31, 2023 and 2022 amounted to Rp150,752 and
sebesar Rp150.752 dan Rp164.880 (Catatan 35). Rp164,880 respectively (Note 35).
Pada tanggal 31 Desember 2023, Bank melakukan On December 31, 2023, the Bank conducted a
penilaian kembali (revaluasi) atas aset tetap tanah revaluation of land fixed assets for accounting
untuk tujuan akuntansi. Untuk tujuan akuntansi, Bank purposes. For accounting purposes, the Bank has
telah mengubah kebijakan akuntansi untuk pengukuran changed its accounting policy for land measurement
tanah menjadi model revaluasian dari sebelumnya to a revaluation model from the previous cost model.
menggunakan model biaya. Bank mencatat penurunan The Bank recorded decrease from revaluation
dari revaluasi aset tetap sebesar Rp1.950 pada 2023 amounting to Rp1,950 in 2023 and increase
dan kenaikan sebesar Rp40.281 pada 2022. Kenaikan amounting to Rp40,281 in 2022. The increase and
dan penurunan nilai tercatat yang timbul dari revaluasi decrease in the carrying amount arising from the
dicatat sebagai “Surplus Revaluasi Aset Tetap”, dan revaluation are recorded as "Surplus Revaluation of
disajikan dalam penghasilan komprehensif lain. Fixed Assets", and are presented in other
comprehensive income.
Penilaian dilakukan sesuai dengan ketentuan dari Kode Appraisals are performed based on Indonesian
Etik Penilai Indonesia dan Standar Penilaian Indonesia Appraisers Ethics Code and Indonesian Appraise
(KEPI & SPI) serta Peraturan No. VIII.C.4 tentang Standards (KEPI & SPI) and Regulation No. VIII.C.4
Pedoman Penilaian dan Penyajian Laporan Penilaian concerning the Guidance on Valuation and
di Pasar Modal, ditentukan berdasarkan transaksi Presentation for the Appraisal Report on the Capital
pasar terkini dan dilakukan dengan ketentuan- Market based on references from recent market
ketentuan yang lazim dan menggunakan pendekatan transactions and ensue within the clause.
penilaian.
Dalam pengukuran nilai wajar tanah, Penilai In fair value measurement of land, the Independent
Independen memperhitungkan kemampuan peserta Appraisers counts market participant’s ability to
pasar untuk menghasilkan manfaat ekonomi dengan generate economic benefits by using the assets in
penggunaan tertinggi dan terbaik atas aset atau its highest and best use or by selling it to another
dengan menjual aset ke peserta pasar lain yang akan market participant that would use the asset in its
menggunakan aset pada kondisi tertinggi dan highest and best use. The valuation method used by
penggunaan terbaik. Metode penilaian yang digunakan the Independent Appraiser is market approach.
oleh Penilai Independen adalah pendekatan pasar.
106
Page 646
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
15. ASET TETAP (lanjutan) 15. FIXED ASSETS (continued)
Berdasarkan laporan penilaian dari Kantor Jasa Based on appraisal report of “Kantor Jasa Penilai
Penilai Publik (KJPP) KJPP Satria Iskandar Setiawan Publik (KJPP) Satria Iskandar Setiawan and Partner
& Rekan tanggal 12 Januari 2024 dan KJPP Hari dated January 12,2024 and KJPP Hari Utomo and
Utomo & Rekan tanggal 5 Januari 2023 nilai wajar Partner dated January 5, 2023 the valuation of fixed
atas aset tetap yang dimiliki Bank pada tanggal 31 assets owned by the Banks as of December 31, 2023
Desember 2023 dan 2022 adalah sebesar and 2022 amounted Rp1,496,366 and Rp,1,261,746
Rp1.496.366 dan Rp1.261.746. respectively.
Pada tanggal 31 Desember 2023 dan 2022, jika tanah On December 31, 2023 and 2022, if land is measured
diukur dengan metode biaya, nilai tercatatnya by cost method, its carrying value is Rp942,864.
sebesar Rp942.864
Aset tetap, kecuali tanah, pada tanggal 31 Desember All fixed assets, except land were insured against fire,
2023 dan 2022 diasuransikan terhadap risiko riot, accident, and theft risks as of December 31, 2023
kebakaran, kerusuhan, kecelakaan, dan pencurian and 2022 for insurance coverage amounting to
dengan jumlah pertanggungan masing-masing Rp1,152,326 and Rp1,113,426, respectively.
sebesar Rp1.152.326 dan Rp1.113.426. Manajemen Management believes that the insurance coverage is
berpendapat bahwa nilai pertanggungan tersebut adequate to cover possible losses form the assets for
cukup untuk menutup kemungkinan kerugian atas insured risks.
aset yang dipertanggungkan.
Manajemen berkeyakinan bahwa tidak terdapat Management believes that there is no impairment in
penurunan nilai aset tetap yang dimiliki Bank the value of fixed assets owned by the Bank during
sebagaimana dimaksud dalam PSAK 48 (Revisi the year as described in PSAK 48 (Revised 2014),
2014) selama tahun berjalan, karena manajemen because management believes that the carrying
berpendapat bahwa nilai tercatat aset tetap tidak amounts of fixed assets do not exceed the estimated
melebihi estimasi nilai yang dapat diperoleh kembali. recoverable amount.
Rincian aset dalam penyelesaian adalah sebagai The details of construction in progress are as follows:
berikut:
Persentase Akumulasi Estimasi
penyelesaian/ biaya/ Penyelesaian/
Jenis aset/ Percentage of Accumulated Estimated
Type of asset completion Cost Completion
31 Desember/
Bangunan/Buildings 3% 796 2025
December 31, 2023
31 Desember/
Bangunan/Buildings 11% 681 2024
December 31, 2022
Jumlah tercatat bruto dari aset tetap yang telah The gross carrying amount of fixed assets that have
disusutkan penuh namun masih digunakan dalam been fully depreciated but still in use in operations are
usaha adalah sebagai berikut: as follows:
2023 2022
Bangunan 21.010 19.264 Buildings
Peralatan kantor 456.357 399.176 Office equipment
Kendaraan bermotor 7.006 31.539 Motor vehicle
Jumlah 484.373 449.980 Total
Pada tanggal 31 Desember 2023 dan 2022, tidak As of December 31, 2023 and 2022, there were no
terdapat aset tetap yang dijadikan jaminan. fixed assets pledged as collateral.
107
Page 647
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
15. ASET TETAP (lanjutan) 15. FIXED ASSETS (continued)
Aset tetap yang telah dihapusbuku, kemudian Fixed assets that have been write-off, then do the
dilakukan penjualan melalui lelang dengan rincian sale through auction as follows:
sebagai berikut:
December 31, December 31,
2023 2022
Harga jual 5.608 5.274 Proceed
Nilai buku - - Book Value
Laba penjualan aset tetap 5.608 5.274 Gain from sale of fixed assets
16. ASET LAIN-LAIN 16. OTHER ASSETS
December 31, December 31,
2023 2022
Beban yang ditangguhkan 126.337 110.112 Deffered charges
Persediaan alat tulis kantor dan barang
cetakan 22.263 19.812 Office stationery and printed form
Lainnya, neto 283.458 54.486 Others, net
Penyisihan penurunan nilai realisasi bersih (58.656) (43.412) Allowance for decline in net realizable value
Jumlah 373.402 140.998 Total
Beban yang ditangguhkan merupakan beban atas Deferred charges represent costs related to the
biaya pendirian kantor, renovasi gedung dan jaringan establishment of offices, building renovations and
telekomunikasi. Beban ditangguhkan diamortisasi telecommunication network. Deferred charges are
selama masa sewa tanah atau gedung dengan amortized over the land or building lease period
menggunakan metode garis lurus. using the straight-line method.
Lainnya termasuk biaya perpanjangan hak atas tanah Others included deferred cost related to the
yang ditangguhkan dan diamortisasi selama masa extension of the landright and amortized over the
manfaat hak atas tanah dengan menggunakan metode period of the related landright using the straight-line
garis lurus. method.
Manajemen berpendapat bahwa jumlah penyisihan Management believes that there is no impairment in
kerugian penurunan nilai untuk menutup kemungkinan the value of other assets do not exceed the
kerugian yang timbul akibat aset lain-lain tidak melebihi estimated recoverable amount.
estimasi nilai yang dapat diperoleh kembali.
Perubahan penyisihan penurunan nilai realisasi bersih The movements in the allowance for decline in net
adalah sebagai berikut: realizable value are as follows:
2023 2022
Saldo awal 43.412 25.460 Beginning balance
Penyisihan selama tahun berjalan 15.244 17.952 Provision for the current year
Saldo akhir 58.656 43.412 Ending balance
108
Page 648
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
17. LIABILITAS SEGERA 17. OBLIGATIONS DUE IMMEDIATELY
December 31, December 31,
2023 2022
Transfer and cheques pending
Transfer, inkaso, kliring 308.136 319.871 collection and clearing
Penerimaan yang akan diperhitungkan 150.838 122.431 Acceptance pending settlement
Beban sudah efektif harus dibayar 73.803 91.760 Amount involving expenses payable
ATM Bersama 21.013 12.779 ATM Bersama
Lain-lain 433.814 325.673 Others
Jumlah 987.604 872.514 Total
Penerimaan dana yang akan diperhitungkan Acceptance pending settlement represents funds
merupakan titipan dana untuk pembayaran pajak on- received for the payment of on-line tax, payment of
line, pembayaran telepon, pembayaran PBB dan lain- telephone, payment of land and building tax and
lain. others.
Beban sudah efektif harus dibayar merupakan beban Amounts involving expenses payable represent
yang masih harus dibayar atas listrik, telepon, BPJS accrued expenses of electricity, telephone, social
dan lain-lain. security (“BPJS”) and others.
Liabilitas lainnya meliputi rekening kontrol, utang Other liabilities include control account, purchase
pembelian dan lainnya. payable and others.
Seluruh liabilitas segera pada tanggal 31 Desember All of obligations due immediately as of December 31,
2023 dan 2022 adalah dalam mata uang Rupiah. 2023 and 2022 are in Rupiah currency.
18. SIMPANAN DARI NASABAH 18. DEPOSITS FROM CUSTOMERS
a. Berdasarkan segmen a. Based on segment
2023 2022
Rupiah Rupiah
Konvensional Conventional
Tabungan Savings
- Simpeda 16.534.449 16.468.574 Simpeda -
- Tabunganku 4.240.337 3.904.029 Tabunganku -
- Siklus 3.863.580 2.606.393 Siklus -
- Siklus Prioritas 3.206.551 2.563.553 Siklus Prioritas -
- Simpanan Pelajar 102.555 71.323 Simpanan Pelajar -
- Haji 17.161 18.428 Haji -
- Siklus Nelayan 414 295 Siklus Nelayan -
27.965.047 25.632.595
Giro Current accounts
- Pemerintah Daerah 11.971.999 14.593.208 Municipal District -
- Umum 8.773.630 8.877.147 Public -
20.745.629 23.470.355
Deposito berjangka Time deposits
- 1 bulan 13.528.703 5.874.726 1 month -
- 2 bulan 217.270 271.709 2 months -
- 3 bulan 5.393.406 16.276.952 3 months -
- 6 bulan 432.388 325.605 6 months -
- 12 bulan 6.963.367 7.648.875 12 months -
- 18 bulan 38.837 25.594 18 months -
- 24 bulan 17.795 10.643 24 months -
- Jatuh tempo 760 560 Due Date -
- Deposito on call 164.700 40.300 Deposits on call -
26.757.226 30.474.964
Jumlah konvensional 75.467.902 79.577.914 Total conventional
109
Page 649
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
18. SIMPANAN DARI NASABAH (lanjutan) 18. DEPOSITS FROM CUSTOMERS (continued)
a. Berdasarkan segmen (lanjutan) a. Based on segment (continued)
December 31, December 31,
2023 2022
Syariah Sharia
Tabungan Savings
- Tabunganku 63.673 56.222 Tabunganku -
- Simpanan Pelajar 10.255 7.083 Simpanan Pelajar -
- Umroh Amanah 5.304 4.002 Umroh Amanah -
- Tabungan Santri 1.877 13 Santri Saving -
- Tabungan Laku Pandai 16 15 Laku Pandai Saving -
81.125 67.335
Giro Current accounts
- Wadiah swasta 167.742 152.820 Private wadiah -
- Wadiah Pemerintah 4.302 2.410 Goverment wadiah -
- Wadiah perorangan 2.382 860 Individual wadiah -
174.426 156.090
Jumlah syariah 255.551 223.425 Total sharia
Jumlah Rupiah 75.723.453 79.801.339 Total Rupiah
Mata uang asing Foreign currencies
Konvensional Conventional
Giro Current accounts
- Umum 4.522 6.692 Public -
Tabungan Savings
- Siklus 51.253 49.288 Siklus -
55.775 55.980
Deposito berjangka Time deposits
- 1 bulan 66.064 62.703 1 month -
- 3 bulan 3.725 4.627 3 months -
- 6 bulan 721 697 6 months -
- 12 bulan 117 344 12 months -
70.627 68.371
Jumlah mata uang asing 126.402 124.351 Total foreign currencies
Jumlah 75.849.855 79.925.690 Total
110
Page 650
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
18. SIMPANAN DARI NASABAH (lanjutan) 18. DEPOSITS FROM CUSTOMERS (continued)
b. Berdasarkan hubungan dan mata uang b. Based on relationship and currencies
December 31, December 31,
2023 2022
Jumlah nosional Jumlah nosional
mata uang asing/ mata uang asing/
Notional amount Notional amount
foreign foreign
currencies Ekuivalen currencies Ekuivalen
(Dalam angka Rupiah/ (Dalam angka Rupiah/
penuh/ In full Rupiah penuh/ In full Rupiah
amount ) equivalent amount ) equivalent
Pihak berelasi Related parties
Rupiah Rupiah
Konvensional Conventional
Giro 12.231.559 14.897.111 Current accounts
Tabungan 56.755 55.619 Savings
Deposito berjangka 351.680 339.868 Time deposits
Syariah Sharia
Tabungan 49 14 Savings
Mata uang asing Foreign currencies
Konvensional Conventional
Giro 43.093 666 43.231 673 Current accounts
Tabungan 78.033 1.206 81.709 1.272 Saving accounts
Deposito berjangka dan Time deposits and
deposito on call 169.719 2.623 54.472 848 deposits on call
Jumlah pihak berelasi (Catatan 40) 12.644.538 15.295.405 Total related parties (Note 40)
Pihak ketiga Third parties
Rupiah Rupiah
Konvensional Conventional
Giro 8.514.070 8.573.244 Current accounts
Tabungan 27.908.292 25.576.976 Savings
Deposito berjangka dan Time deposits and
deposito on call 26.405.546 30.135.096 deposits on call
Syariah Sharia
Giro 174.377 156.089 Current accounts
Tabungan 81.125 67.322 Savings
Deposito berjangka dan Time deposits and
deposito on call - - deposits on call
Mata uang asing Foreign currencies
Giro 257.187 3.856 386.639 6.019 Current accounts
Tabungan 3.338.024 50.047 3.084.374 48.016 Savings
Deposito berjangka dan Time deposits and
deposito on call 4.535.717 68.004 4.337.434 67.523 deposits on call
Jumlah pihak ketiga 63.205.317 64.630.285 Total third parties
Total 75.849.855 79.925.690 Total
Simpanan dari pihak berelasi tersebut These deposits from related parties represent
merupakan simpanan dari Pemerintah Daerah deposits from Regional Governments and key
dan manajemen kunci. management personnel.
111
Page 651
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
18. SIMPANAN DARI NASABAH (lanjutan) 18. DEPOSITS FROM CUSTOMERS (continued)
b. Berdasarkan hubungan dan mata uang (lanjutan) b. Based on relationship and currencies
(continued)
1) Tingkat suku bunga rata-rata per tahun giro 1) The average interest rates per annum on
terdiri dari: current accounts consist of:
2023 2022
Rupiah 0,91% 0,89% Rupiah
Mata uang asing 0,13% 0,14% Foreign currencies
Tingkat bunga rata-rata per tahun untuk giro The average interest rates per annum on
dari adalah sama antara pihak berelasi current accounts with related parties are
dengan pihak ketiga. similar to those for third parties.
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, there
tidak terdapat giro yang diblokir dan dijadikan were no current accounts held under liens
jaminan kredit. and used as security.
2) Tingkat suku bunga rata-rata per tahun 2) The average interest rates per annum on
tabungan terdiri dari: savings consist of:
December 31, December 31,
2023 2022
Tabungan Savings
- Simpeda 0,97% 0,96% Simpeda -
- Siklus 1,58% 1,65% Siklus -
- Haji 0,81% 0,76% Haji -
- Tabunganku 0,91% 0,91% Tabunganku -
Tingkat bunga rata-rata per tahun tabungan The average interest rates per annum on
untuk pihak berelasi adalah sama dengan savings for related parties are similar to
pihak ketiga. those for third parties.
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, there
tidak terdapat tabungan yang diblokir dan were no savings held under liens and used
dijadikan jaminan kredit. as collateral.
112
Page 652
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
18. SIMPANAN DARI NASABAH (lanjutan) 18. DEPOSITS FROM CUSTOMERS (continued)
b. Berdasarkan hubungan dan mata uang b. Based on relationship and currencies (continued)
(lanjutan)
3). Rincian deposito berjangka dan deposito on 3). Detail of time deposits and deposits on call:
call:
Klasifikasi deposito berdasarkan jangka The details of time deposits based on
waktu sebagai berikut: maturities are as follows:
December 31, December 31,
2023 2022
Rupiah Rupiah
- 1 bulan 13.508.940 5.874.726 1 month -
- 2 bulan 217.270 271.709 2 months -
- 3 bulan 5.388.303 16.276.952 3 months -
- 6 bulan 417.861 325.605 6 months -
- 12 bulan 7.002.761 7.648.875 12 months -
- 18 bulan 38.837 25.594 18 months -
- 24 bulan 17.795 10.643 24 months -
- Jatuh Tempo 760 560 Matured -
- Deposito on call 164.700 40.300 Deposits on call -
26.757.227 30.474.964
Mata uang asing Foreign currencies
- 1 bulan 66.064 62.703 1 month -
- 3 bulan 3.725 4.627 3 months -
- 6 bulan 721 697 6 months -
- 12 bulan 117 344 12 months -
70.627 68.371
Jumlah 26.827.854 30.543.335 Total
Klasifikasi deposito berdasarkan sisa umur The details of time deposits based on
sampai dengan saat jatuh tempo: remaining period until maturity:
December 31, December 31,
2023 2022
Rupiah Rupiah
- Kurang dari atau sama
dengan 1 bulan 15.245.542 8.582.694 Less than or until 1 month -
- Lebih dari 1 - 3 bulan 4.213.138 14.531.833 More than 1 - 3 months -
- Lebih dari 3 - 6 bulan 267.153 198.836 More than 3 - 6 months -
- Lebih dari 6 - 12 bulan 6.809.714 7.044.282 More than 6 - 12 months -
- Lebih dari 12 - 18 bulan 42.633 64.760 More than 12 - 18 months -
- Lebih dari 18 - 24 bulan 13.587 12.124 More than 18 - 24 months -
- Jatuh Tempo 760 135 Matured -
- Deposito on call 164.700 40.300 Deposits on call -
26.757.227 30.474.964
Mata uang asing Foreign currencies
- Kurang dari atau sama
dengan 1 bulan 67.025 63.627 Less than or until 1 month -
- Lebih dari 1 - 3 bulan 2.795 3.750 More than 1 - 3 months -
- Lebih dari 3 - 6 bulan 762 723 More than 3 - 6 months -
- Lebih dari 6 - 12 bulan 45 271 More than 6 - 12 months -
70.627 68.371
Jumlah 26.827.854 30.543.335 Total
113
Page 653
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
18. SIMPANAN DARI NASABAH (lanjutan) 18. DEPOSITS FROM CUSTOMERS (continued)
c. Tingkat bunga rata-rata deposito per tahun: c. Average interest rates of deposits per annum:
2023 2022
Rupiah Rupiah
- 1 bulan 2,71% 2,63% 1 month -
- 2 bulan 2,80% 2,68% 2 months -
- 3 bulan 2,90% 2,78% 3 months -
- 6 bulan 3,00% 2,90% 6 months -
- 12 bulan 3,10% 2,95% 12 months -
- 18 bulan 3,06% 3,00% 18 months -
- 24 bulan 3,08% 3,00% 24 months -
- Deposito on call 3,51% 2,01% Deposits on call -
Mata uang asing: Foreign currencies
- 1 dan 3 bulan 0,62% 0,18% 1 and 3 months -
Tingkat bunga rata-rata per tahun untuk deposito The average interest rates per annum on time
berjangka dari pihak berelasi adalah sama deposits from related parties are similar to
dengan pihak ketiga. those for third parties.
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, time
jumlah deposito berjangka yang diblokir dan deposits held under liens and used as security
dijadikan jaminan kredit, masing-masing sebesar were Rp203,926 and Rp127,942 , respectively
Rp203.926 dan Rp127.942 (Catatan 12k). (Note 12k).
19. SIMPANAN DARI BANK LAIN 19. DEPOSITS FROM OTHER BANKS
a. Berdasarkan segmen a. Based on segment
December 31, December 31,
2023 2022
Konvensional Conventional
Tabungan Savings
- Siklus 182.093 217.121 Siklus -
- Simpeda 363.554 307.176 Simpeda -
545.647 524.297
Giro Current accounts
- Giro Bank Swasta 62.166 49.982 Private bank current accounts -
- Giro BPD-SI 6.678 3.900 BPD-SI current accounts -
- Giro Bank Pemerintah 2.685 2.406 Government bank current accounts -
- Giro BPR 1.560 780 BPR current accounts -
- Giro BPR Jets 31.126 30.887 BPR Jets current accounts -
104.215 87.955
Deposito berjangka Time deposits
- 1 bulan 103.596 178.937 1 month -
- 2 bulan - 2.000 2 months -
- 3 bulan 22.700 106.750 3 months -
- 6 bulan 60 60 6 months -
- 12 bulan 9.700 4.500 12 months -
136.056 292.247
Interbank call money 1.770.000 2.395.000 Interbank call money
Total konvensional 2.555.918 3.299.499 Total conventional
Syariah Sharia
- Giro wadiah 4.403 11.339 Wadiah current account -
Total syariah 4.403 11.339 Total sharia
Total 2.560.321 3.310.838 Total
114
Page 654
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
19. SIMPANAN DARI BANK LAIN (lanjutan) 19. DEPOSITS FROM OTHER BANKS (continued)
b. Berdasarkan hubungan b. Based on relationship
2023 2022
Pihak berelasi Related parties
- Giro 921 920 Current accounts -
- Tabungan 55.743 64.046 Savings -
- Deposito berjangka 30 77.030 Time deposits -
56.694 141.996
Pihak ketiga Third parties
- Giro 107.697 98.374 Current accounts -
- Tabungan 489.904 460.251 Savings -
- Deposito berjangka 136.026 215.217 Time deposits -
- Interbank call money 1.770.000 2.395.000 Interbank call money -
2.503.627 3.168.842
Total 2.560.321 3.310.838 Total
Seluruh simpanan dari bank lain adalah dalam All deposits from other banks are in Rupiah.
mata uang Rupiah.
c. Deposito berdasarkan sisa umur sampai dengan c. Deposits by remaining period to maturity
saat jatuh tempo
2023 2022
Rupiah Rupiah
- Kurang dari atau sama
dengan 1 bulan 106.926 258.267 Less than or until 1 month -
- Lebih dari 1 - 3 bulan 19.370 29.420 More than 1 - 3 months -
- Lebih dari 3 - 6 bulan 1.060 60 More than 3 - 6 months -
- Lebih dari 6 - 12 bulan 8.200 4.500 More than 6 - 12 months -
- Lebih dari 12 - 18 bulan 500 - More than 12 - 18 months -
136.056 292.247
- Interbank call money 1.770.000 2.395.000 Interbank call money -
Total 1.906.056 2.687.247 Total
d. Tingkat suku bunga rata-rata per tahun d. Average interest rates per annum
31 Desember/ 31 Desember/
December 31, December 31,
2023 2022
Konvensional Conventional
Giro 0,62% 0,46% Current accounts
Tabungan 1,43% 1,16% Savings
Deposito 3,18% 4,00% Time deposits
Interbank call money 3,43% 5,67% Interbank call money
Syariah Sharia
Giro 0,04% 0,07% Current accounts
Tabungan 0,65% 0,60% Savings
Deposito 2,60% 2,40% Time deposits
115
Page 655
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
20. LIABILITAS SURAT BERHARGA YANG DIJUAL 20. LIABILITIES OF MARKETABLE SECURITIES SOLD
DENGAN JANJI DIBELI KEMBALI UNDER REPURCHASE AGREEMENT
Pada tanggal 31 Desember 2023 dan 2022, Bank As of December 31, 2023 and 2022, Bank has a
memiliki liabilitas surat berharga yang dijual dengan number of liability for repo securities Rp7,915,163
janji dibeli kembali sejumlah Rp7.915.163 dan and Rp3,891,346 with details as follows:
Rp3.891.346 dengan rincian sebagai berikut:
2023
Beban bunga
yang belum
diamortisasi/
Jenis surat Nilai beli Unamortized
berharga/ Nilai nominal/ Tanggal dimulai/ Tanggal jatuh tempo/ Tingkat suku bunga/ kembali/ interest Nilai bersih/
Securities Nominal value Start date Maturity date Interest rate Buy back value expense Net value
Sertifikat Bank Indonesia
20 Desember/ 3 Januari/
FR0086 117.560 6,40% 117.853 251 117.811
December 20, 2023 January 3, 2024
20 Desember/ 3 Januari/
FR0086 117.560 6,40% 117.853 251 117.811
December 20, 2023 January 3, 2024
22 Desember/ 2 Januari/
FR0090 184.841 6,30% 185.197 323 185.165
December 22, 2023 January 2, 2024
22 Desember/ 2 Januari/
FR0090 184.841 6,30% 185.197 323 185.165
December 22, 2023 January 2, 2024
22 Desember/ 2 Januari/
FR0090 184.841 6,30% 185.197 323 185.165
December 22, 2023 January 2, 2024
22 Desember/ 2 Januari/
FR0090 184.841 6,30% 185.197 323 185.165
December 22, 2023 January 2, 2024
22 Desember/ 2 Januari/
FR0086 188.444 6,30% 188.807 330 188.774
December 22, 2023 January 2, 2024
15 Desember/ 2 Januari/
FR0086 187.736 6,55% 188.351 581 188.317
December 15, 2023 January 2, 2024
15 Desember/ 2 Januari/
FR0086 187.736 6,55% 188.351 581 188.317
December 15, 2023 January 2, 2024
15 Desember/ 2 Januari/
FR0086 187.736 6,55% 188.351 581 188.317
December 15, 2023 January 2, 2024
15 Desember/ 2 Januari/
FR0086 187.736 6,55% 188.351 581 188.317
December 15, 2023 January 2, 2024
20 Desember/ 3 Januari/
FR0081 190.222 6,48% 190.701 411 190.633
December 20, 2023 January 3, 2024
6 Desember/ 3 Januari/
PBS017 186.102 6,70% 187.072 901 187.003
December 6, 2023 January 3, 2024
6 Desember/ 3 Januari/
PBS017 186.102 6,70% 187.072 901 187.003
December 6, 2023 January 3, 2024
6 Desember/ 3 Januari/
PBS017 186.102 6,70% 187.072 901 187.003
December 6, 2023 January 3, 2024
6 Desember/ 3 Januari/
PBS017 186.102 6,70% 187.072 901 187.003
December 6, 2023 January 3, 2024
6 Desember/ 3 Januari/
PBS017 186.102 6,70% 187.072 901 187.003
December 6, 2023 January 3, 2024
6 Desember/ 3 Januari/
PBS003 188.236 6,70% 189.217 911 189.146
December 6, 2023 January 3, 2024
6 Desember/ 3 Januari/
PBS026 198.049 6,70% 199.081 958 199.007
December 6, 2023 January 3, 2024
6 Desember/ 3 Januari/
PBS026 198.049 6,70% 199.081 958 199.007
December 6, 2023 January 3, 2024
6 Desember/ 3 Januari/
PBS026 99.024 6,70% 99.540 479 99.503
December 6, 2023 January 3, 2024
6 Desember/ 3 Januari/
PBS030 91.522 6,70% 91.999 443 91.965
December 6, 2023 January 3, 2024
6 Desember/ 3 Januari/
PBS031 97.924 6,70% 98.434 474 98.398
December 6, 2023 January 3, 2024
6 Desember/ 3 Januari/
PBS036 92.817 6,70% 93.300 449 93.266
December 6, 2023 January 3, 2024
22 Desember/ 5 Januari/
ORI019 195.800 6,70% 196.310 364 196.164
December 22, 2023 January 5, 2024
27 Desember/ 3 Januari/
ORI019 195.805 6,25% 196.043 170 195.975
December 27, 2023 January 3, 2024
27 Desember/ 3 Januari/
ORI019 195.805 6,25% 196.043 170 195.975
December 27, 2023 January 3, 2024
27 Desember/ 3 Januari/
ORI019 195.805 6,25% 196.043 170 195.975
December 27, 2023 January 3, 2024
27 Desember/ 3 Januari/
ORI019 195.805 6,25% 196.043 170 195.975
December 27, 2023 January 3, 2024
21 Desember/ 4 Januari/
FR0081 190.293 6,50% 190.774 378 190.671
December 21, 2023 January 4, 2024
27 Desember/ 2 Januari/
FR0040 210.849 6,20% 211.067 182 211.031
December 27, 2023 January 2, 2024
28 Desember/ 5 Januari/
FR0084 198.451 6,28% 198.727 138 198.589
December 28, 2023 January 5, 2024
28 Desember/ 5 Januari/
FR0084 198.451 6,28% 198.727 138 198.589
December 28, 2023 January 5, 2024
28 Desember/ 5 Januari/
FR0084 99.225 6,28% 99.364 69 99.295
December 28, 2023 January 5, 2024
21 Desember/ 4 Januari/
FR0081 190.293 6,50% 190.774 378 190.671
December 21, 2023 January 4, 2024
21 Desember/ 4 Januari/
FR0081 190.293 6,50% 190.774 378 190.671
December 21, 2023 January 4, 2024
21 Desember/ 4 Januari/
FR0081 190.293 6,50% 190.774 378 190.671
December 21, 2023 January 4, 2024
14 Desember/ 3 Januari/
FR0081 29.459 6,59% 29.567 97 29.556
December 14, 2023 January 3, 2024
20 Desember/ 3 Januari/
FR0059 194.070 6,40% 194.553 414 194.484
December 20, 2023 January 3, 2024
20 Desember/ 3 Januari/
FR0059 194.070 6,40% 194.553 414 194.484
December 20, 2023 January 3, 2024
20 Desember/ 3 Januari/
FR0059 194.070 6,40% 194.553 414 194.484
December 20, 2023 January 3, 2024
20 Desember/ 3 Januari/
FR0059 194.070 6,40% 194.553 414 194.484
December 20, 2023 January 3, 2024
20 Desember/ 3 Januari/
FR0059 194.070 6,40% 194.553 414 194.484
December 20, 2023 January 3, 2024
29 Desember/ 4 Januari/
FR0086 141.433 6,20% 141.579 73 141.506
December 29, 2023 January 4, 2024
29 Desember/ 4 Januari/
FR0056 153.504 6,20% 153.663 79 153.584
December 29, 2023 January 4, 2024
29 Desember/ 4 Januari/
FR0056 153.504 6,20% 153.663 79 153.584
December 29, 2023 January 4, 2024
Jumlah/Total 7.895.647 7.918.120 19.517 7.915.163
116
Page 656
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
20. LIABILITAS SURAT BERHARGA YANG DIJUAL 20. LIABILITIES OF MARKETABLE SECURITIES
DENGAN JANJI DIBELI KEMBALI (lanjutan) SOLD UNDER REPURCHASE AGREEMENT
(continued)
2022
Jenis surat Nilai beli Beban bunga
berharga/ Nilai nominal/ Tanggal dimulai/ Tanggal jatuh tempo/ Tingkat suku bunga/ kembali/ yang belum Nilai bersih/
Securities Nominal value Start date Maturity date Interest rate Buy back value diamortisasi/ Net value
Sertifikat Bank Indonesia
15 November/ 14 Februari/
FR0081 400.000 5,73% 394.481 2.723 391.758
November 15, 2022 February 14, 2023
29 November/ 28 Februari/
FR0070 200.000 6,23% 202.166 1.998 200.168
November 29, 2022 February 28, 2023
19 Desember/ 2 Januari/
FR0081 200.000 5,75% 96.086 15 96.070
December 19, 2022 January 2, 2023
20 Desember/ 3 Januari/
FR0086 500.000 5,80% 470.847 151 470.696
December 20, 2022 January 3, 2023
22 Desember/ 1 Februari/
FR0059 350.000 5,65% 346.111 1.673 344.437
December 22, 2022 February 1, 2023
23 Desember/ 2 Januari/
FR0059 200.000 5,80% 196.492 32 196.460
December 23, 2022 January 2, 2023
23 Desember/ 2 Januari/
FR0086 550.000 5,80% 471.288 76 471.212
December 23, 2022 January 2, 2023
26 Desember/ 2 Januari/
FR0086 150.000 5,75% 188.488 30 188.458
December 26, 2022 January 2, 2023
26 Desember/ 2 Januari/
FR0059 200.000 5,75% 196.435 31 196.404
December 26, 2022 January 2, 2023
28 Desember/ 4 Januari/
FR0081 700.000 5,80% 771.068 372 770.696
December 28, 2022 January 4, 2023
29 Desember/ 5 Januari/
FR0086 600.000 5,75% 565.348 361 564.987
December 29, 2022 January 5, 2023
Jumlah/Total 3.898.809 7.463 3.891.346
21. PINJAMAN YANG DITERIMA 21. BORROWINGS
2023 2022
Kementerian Pekerjaan Umum dan Ministry of Public Works
Perumahan Rakyat (PUPR) and Housing of the
Republik Indonesia 490.810 481.532 Republic of Indonesia
PT Sarana Multigriya Financial 66.821 71.867 PT Sarana Multigriya Financial
Lembaga Pengelola Dana Bergulir Lembaga Pengelola Dana Bergulir
Koperasi, Usaha Mikro, Kecil Koperasi, Usaha Mikro, Kecil
dan Menengah (LPDB-KUMKM) 39.253 76.698 dan Menengah (LPDB-KUMKM)
Government of East Java Province (related
Pemerintah Provinsi Jawa Timur (pihak berelasi) 93 1.367
party)
Jumlah 596.977 631.464 Total
Seluruh pinjaman yang diterima adalah dari pihak All borrowings are from third parties and in Rupiah.
ketiga dan dalam mata uang Rupiah.
117
Page 657
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
21. PINJAMAN YANG DITERIMA (lanjutan) 21. BORROWINGS (continued)
a. Kementerian PUPR a. Ministry of Public Works and Housing
Pusat Pengelolaan Dana Pembiayaan Perumahan Fund Management Center of Housing Financing
(PPDPP) Kementerian PUPR Republik Indonesia (PPDPP) from the Ministry of General Works and
bekerjasama dengan Bank dalam hal program Public Housing of the Republic of Indonesia in
Penyaluran Dana Fasilitas Likuiditas Pembiayaan collaboration with the Bank disburse the Liquidity
Perumahan (FLPP) melalui kredit/pembiayaan Facility of Housing Financing (FLPP) through
pemilikan rumah sejahtera/rumah sejahtera loan/financing of housing for sharia prosperous house
syariah bagi masyarakat berpenghasilan rendah for low-income communities with an interest rate
dengan tingkat bunga sebesar 0,5% maksimal maximum of 0.5% for KPR Sejahtera FLPP provision
untuk biaya provisi dari nilai KPR Sejahtera FLPP. fee. KPR Sejahtera FLPP has a maximum term of 20
Jangka waktu KPR Sejahtera FLPP paling lama 20 (twenty) years. The term of the operational
(dua puluh) tahun. Jangka waktu perjanjian cooperation agreement is starting from January 1,
kerjasama operasional adalah mulai tanggal 1 2021 until December 31, 2021 and as the latest
Januari 2021 sampai dengan tanggal 31 amendment has been extended from December 31,
Desember 2021 dan sebagaimana perubahan 2023 until December 31, 2023.
terakhir telah diperpanjang mulai tanggal 1 Januari
2023 sampai dengan tanggal 31 Desember 2023.
Atas kerjasama ini, Bank mengelola For this collaboration, the Bank manages its
penyalurannya menjadi dua bagian yaitu distribution into two parts, namely conventional and
konvensional dan syariah. Dengan nomor PKS sharia. With the Sharia PKS number, namely No.
Syariah yaitu No. 71/PKS/BP-TPR/I/12/2022 dan 71/PKS/BP-TPR/I/12/2022 and No.
No. 061/290/DIR/BIS/PKS. Sedangkan nomor 061/290/DIR/BIS/PKS. While the conventional PKS
PKS konvensional yaitu No. 82/PKS/BP- number is No. 82/PKS/BP-TPR/I/12/2022 and No.
TPR/I/12/2022 dan No. 061/290/DIR/KKR/PKS. 061/290/DIR/KKR/PKS. For this cooperation, the
Atas kerjasama tersebut, Bank diwajibkan untuk Bank are required to submit managed fund and
menyampaikan rekening koran dana kelolaan dan operational account statements no later than the 5th
rekening operasional paling lambat tanggal 5 dan and 16th of each month. As of December 31, 2023
16 setiap bulannya. Pada 31 Desember 2023 dan and December 31, 2022, the Bank has disbursed
31 Desember 2022, Bank telah menyalurkan kredit FLPP loans amounting to Rp197,086 and Rp194,934.
FLPP masing-masing sebesar Rp197.086 dan
Rp194.934.
b. Lembaga Pengelola Dana Bergulir Koperasi, b. Lembaga Pengelola Dana Bergulir Koperasi, Usaha
Usaha Mikro, Kecil dan Menengah (LPDB- Mikro, Kecil dan Menengah (LPDB-KUMKM)
KUMKM)
Sesuai Perjanjian Pinjaman No.26 tanggal 13 According to Credit Agreement No.26 dated
September 2019, Bank menerima pinjaman dari September 13, 2019, Bank received borrowing
LPDB-KUMKM yang berupa fasilitas pembiayaan facilities from LPDB-KUMKM represents revolving
maksimal Rp200.000, untuk disalurkan kepada funds financing facility in the form of a maximum of
Usaha Mikro, Kecil dan Menengah (UMKM) yang Rp200,000. to be distributed to Small and Medium
tersebar di wilayah kerja Bank dan telah Enterprises (SMEs) which scattered in the work area
ditetapkan sesuai dengan daftar definitif. Tingkat of the Bank and has been determined in accordance
suku bunga yang diberikan dari LPDB ke Bank with the definitive list. The interest rate given from
sebesar 5% dan suku bunga dari Bank ke Usaha LPDB h for Bank is 5% and from Bank for micro,
Mikro dan menengah maksimal 7% pertahun. small and medium bussines is a maximum 7% for
annum.
Penyaluran pembiayaan yang diberikan adalah The distributing patterns of financing provided is
pola executing dengan jangka waktu 60 (enam executing a pattern with a period of 60 (sixty) months
puluh) bulan atau 5 (lima) tahun terhitung sejak or 5 (five) years from the disbursement.
pencairan.
Bank harus menyerahkan daftar piutang sehat The Bank must submit a list of healthy receivables
yang dimiliki Bank yang menjadi jaminan fidusia owned by the Bank which is a fiduciary guarantee
setiap 6 bulan minimal 100% dari outstanding every 6 months at least 100% of the outstanding
pinjaman. loan.
118
Page 658
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
21. PINJAMAN YANG DITERIMA (lanjutan) 21. BORROWINGS (continued)
b. Lembaga Pengelola Dana Bergulir Koperasi, b. Lembaga Pengelola Dana Bergulir Koperasi, Usaha
Usaha Mikro, Kecil dan Menengah (LPDB- Mikro, Kecil dan Menengah (LPDB-KUMKM)
KUMKM) (lanjutan) (continued)
Bank menjaminkan kreditnya kepada LPDB- The Bank pledged its loan as collateral to LPDB-
KUMKM dengan nilai minimal 100% dari KUMKM with a minimum value of 100% of the
outstanding pinjaman yang menjadi jaminan outstanding loan which is a fiduciary guarantee. As of
fidusia. Pada 31 Desember 2023 dan 2022 bank December 31, 2023 and 2022 the bank has
memiliki sisa pinjamanan sebesar Rp38.250 dan outstanding loan of Rp38,250 and Rp76,500. If
Rp76.500. Apabila dalam jangka waktu pinjaman during the loan period there is a decrease in the
terdapat penurunan kualitas piutang yang quality of the collateralized loan, the bank is obliged
dijaminkan maka bank wajib mengganti dengan to replace it with new, performing loans.
piutang baru yang sehat.
c. PT Sarana Multigriya Finansial (Persero) c. PT Sarana Multigriya Finansial (Persero)
Dana Multigriya Financial merupakan fasilitas Dana Multigriya Financial is a financing facility with a
pembiayaan dengan porsi 25% KPR FLPP yang portion of 25% FLPP mortgages received from PT
diterima dari PT Sarana Multigriya Finansial Sarana Multigriya Finansial (Persero) to be distributed
(Persero) untuk disalurkan dalam rangka program in the context of housing procurement programs
pengadaan perumahan melalui Pembiayaan through Prosperous Home Ownership Financing
Pemilikan Rumah (PPR) Sejahtera bagi (PPR) for low-income people with a margin rate of
masyarakat berpenghasilan rendah dengan 4.45%. The term of the portion financing facility is
tingkat margin 4,45%. Jangka waktu fasilitas from April 1, 2020 to December 31, 2020 in
pembiayaan porsi adalah mulai 1 April 2020 accordance with PKS No. 058A/AKAD/SMF-
sampai dengan 31 Desember 2020 sesuai BJTMS/IV/2022 and No. 059/059/DIR/BIS/PKS.
dengan PKS No. 058A/AKAD/SMF-
BJTMS/IV/2022 dan No. 059/059/DIR/BIS/PKS.
Bank harus menyerahkan Laporan Keuangan Banks must submit the Audited Financial Statements
Audited selambat-lambatnya 120 hari sejak no later than 120 days after the closing of the financial
ditutupnya tahun buku. Bank tidak boleh year. The Bank may not transfer/hand over to other
mengalihkan/menyerahkan kepada pihak lain, parties, partially or entirely of the rights and
sebagian atau seluruhnya atas hak dan kewajiban obligations arising in connection with this loan
yang timbul berkaitan dengan perjanjian pinjaman agreement.
ini.
d. Pemerintah Provinsi Jawa Timur d. Government of East Java Province
Berdasarkan perjanjian awal dengan Pemerintah Based on the initial agreement with the East Java
Provinsi Jawa Timur No. 518/2110.1/021/2016 Provincial Government No. 518/2110.1/021/2016 with
dengan plafond sebesar Rp400.000. Bank a ceiling of Rp400,000. The Bank cooperates with a
bekerja sama dengan jangka waktu dua tahun. period of two years. In 2016, an addendum I to this
Pada tahun 2016, telah dilakukan addendum I cooperation was carried out with the cooperation
terhadap kerja sama ini dengan nomor kerja number No. 518/10501.1/021/2016 stating the
sama yaitu No. 518/10501.1/021/2016 yang extension of cooperation until December 2018. Then,
menyatakan perpanjangan kerja sama hingga in 2017, addendum II to the cooperation was carried
Desember 2018. Lalu, pada tahun 2017 dilakukan out with the cooperation number No. 518/8104-
addendum II atas kerja sama tersebut dengan 1/021.3/2017 stating the extension of cooperation
nomor kerja sama yaitu No. 518/8104- until July 2019.
1/021.3/2017 yang menyatakan perpanjangan
kerja sama hingga Juli 2019.
This cooperation is intended for cooperation to
Kerja sama ini ditujukan untuk kerja sama guna
distribute revolving funds as additional working capital
penyaluran dana bergulir sebagai tambahan
for small, medium and cooperative businesses with
modal kerja bagi usaha kecil, menengah dan
the aim of succeeding the East Java Provincial
koperasi dengan tujuan mensukseskan Program
Government Program in order to increase Productive
Pemerintah Provinsi Jawa Timur dalam rangka
Economic Business activities of Small and Medium
meningkatkan kegiatan Usaha Ekonomi Produktif
Enterprises and Corporations.:
Usaha Kecil Menengah dan Korporasi.
Berdasarkan perjanjian yang telah disepakati, Based on the agreement, the bank has repaid its debt
bank telah melunasi utangnya kepada Pemerintah to the East Java Provincial Government. This refers to
Provinsi Jawa Timur. Hal ini merujuk pada nota bank note No. 058/180/KMP/KRP/GRK/SRT with a
bank No. 058/180/KMP/KRP/GRK/SRT dengan repayment amount of Rp331,006. This repayment
jumlah pelunasan Rp331.006. Pelunasan ini was made on July 25, 2019.
dilakukan pada tanggal 25 Juli 2019
119
Page 659
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
22. PERPAJAKAN 22. TAXATION
a. Pada tanggal 31 Desember 2023 dan 2022, saldo a. As of December 31, 2023 and 2022, the
piutang pajak atas pajak lainnya masing-masing balance of tax receivable on other tax
sebesar Rp777 dan Rp493. amounted Rp777 and Rp493, respectively.
b. Utang pajak: b. Taxes payable:
31 Desember/
December 31, December 31,
2023 2022
Pajak penghasilan pasal 25 59.450 43.577 Corporate income tax - article 25
Pajak penghasilan pasal 21 48.108 30.453 Employees’ income tax - article 21
Pajak penghasilan pasal 29 (Catatan 22f) 20.951 5.803 Corporate income tax - article 29 (Note 22f)
Pajak penghasilan pasal 23/4 (2) 14.321 10.489 Withholding income tax articles 23/4 (2)
Lain-lain 415 461 Others
Total 143.245 90.783 Total
c. Beban pajak penghasilan badan: c. Corporate income tax expense:
December 31, December 31,
2023 2022
Pajak kini 399.474 412.330 Current tax
Penyesuaian beban pajak Adjustment on tax expense
Pajak kini tahun 2019 - (104.878) Current tax year 2019
Total 399.474 307.452 Total
Pajak tangguhan 3.662 36.036 Deferred Tax
Penyesuaian beban pajak tangguhan 19.502 - Adjustment of deferred tax expense
Koreksi pajak tangguhan Deferred Tax Correction
Pajak tangguhan 2019 - 102.543 Deferred Tax year 2019
Penyesuaian saldo awal Beginning balance adjustment on
aset pajak tangguhan - 41.194 deferred tax assets
Total 23.164 179.773 Total
Beban pajak 422.638 487.225 Income tax expense
120
Page 660
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
22. PERPAJAKAN (lanjutan) 22. TAXATION (continued)
d. Rekonsiliasi antara laba sebelum beban pajak d. The reconciliation between income before tax
yang disajikan dalam laporan laba rugi dan expense as shown in the statements of profit or
penghasilan komprehensif lain dengan taksiran loss and other comprehensive income and
laba kena pajak adalah sebagai berikut: estimated taxable income is as follows:
31 Desember/ 31 Desember/
December 31, December 31,
2023 2022
Laba sebelum beban pajak 1.884.441 2.030.049 Income before tax expense
Perbedaan tetap: Permanent differences:
Pajak 857 87.828 Taxes
Tanggung jawab sosial dan lingkungan, Social and environment responsibility,
sumbangan, promosi, rapat dan donation, promotion, meetings and
jamuan tamu dan lainnya 54.818 98.188 entertainment and others
Penyisihan kerugian penurunan nilai non kredit 61.282 51.173 Non loan provision for impairment losses
Lain-lain 120.376 92.580 Others
237.332 329.769
Perbedaan temporer: Temporary differences:
Penyisihan kerugian penurunan nilai 36.741 (205.927) Provision for impairment losses
Cadangan jasa produksi 367.526 385.706 Provision for employee bonuses
Cadangan imbalan kerja (8.342) 31.918 Provision for employee benefit
Cadangan lainnya (29.595) (5.900) Other provision
Sewa 99 (14.689) Lease
Pembayaran jasa produksi (385.706) (380.767) Payment for employee bonuses
(19.278) (189.659)
Total 218.054 140.110 Total
Taksiran laba kena pajak 2.102.495 2.170.159 Estimated taxable income
121
Page 661
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
22. PERPAJAKAN (lanjutan) 22. TAXATION (continued)
e. Perhitungan beban pajak adalah sebagai berikut: e. The computation of tax expense is as follows:
2023 2022
Pajak kini Current tax
(Pajak dengan tarif efektif atas taksiran (At the effective tax rate on estimated
laba kena pajak tahun berjalan) 399.474 412.330 taxable income for the current year)
399.474 412.330
Beban (manfaat) pajak penghasilan Deferred tax expense (benefit)
tangguhan atas pengaruh beda temporer of temporary differences
temporer pada tarif pajak maksimum: at the maximum tax rate:
Penyisihan kerugian penurunan nilai (6.981) 39.126 Provision for impairment losses
Cadangan jasa produksi (69.830) (73.284) Provision for employee bonuses
Sewa (19) 2.791 Lease
Cadangan imbalan kerja 1.585 (6.064) Provision for employee benefit
Cadangan lainnya 5.623 1.121 Others provision
Pembayaran jasa produksi 73.284 72.346 Payment for employee bonuses
Beban manfaat pajak tangguhan 3.662 36.036 Deferred tax benefit
Jumlah pajak penghasilan tahun berjalan 395.812 376.294 Total corporate income tax current year
Laba sebelum beban pajak 1.884.441 1.999.662 Income before tax expense
Taksiran pajak penghasilan Estimated income tax at
dengan tarif pajak yang berlaku 358.043 385.710 applicable tax rate
Pengaruh pajak atas beda tetap 45.093 62.656 Tax effect on permanent differences
Pajak kini hasil pemeriksaan tahun 2019 - (104.878) Inspection current tax year 2019
Pajak penghasilan Corporate income tax
tahun berjalan 403.136 343.488 current year
Hasil Pemeriksaan Tahun 2019 - 102.543 Inspection result year 2019
Penyesuaian aset pajak tangguhan Adjustment deferred tax assets
saldo awal 19.502 41.194 beginning balance
Beban pajak, neto 422.638 487.225 Tax expense, net
f. Perhitungan utang pajak penghasilan badan f. The analysis of corporate income tax payable
adalah sebagai berikut: is as follows:
2023 2022
Beban pajak tahun berjalan 399.474 412.330 Current year tax expense
Dikurangi: Pajak penghasilan
badan dibayar dimuka - Less: Prepaid corporate
pajak penghasilan - pasal 25 378.523 406.527 income tax - article 25
Kurang bayar pajak Under payment of corporate
penghasilan badan (Catatan 22b) (20.951) (5.803) income tax (Note 22b)
122
Page 662
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
22. PERPAJAKAN (lanjutan) 22. TAXATION (continued)
g. Aset pajak tangguhan: g. Deferred tax assets:
Dikreditkan ke
penghasilan Dikreditkan ke Penyesuaian
komprehensif lain/ laporan laba rugi/ saldo awal/
31 Desember/ Credited to other Credited to Beginning 31 Desember/
December 31, comprehensive statement of profit balance December 31,
2022 income or loss adjustment 2023
Cadangan jasa produksi 73.284 - (3.454) - 69.830 Provision for employee bonuses
Penyisihan kerugian Provision for losses
aset produktif 340.736 - 6.981 (19.502) 328.215 on earning assets
Laba yang belum direalisasi
atas aset keuangan Unrealized gain on
yang diukur pada nilai wajar financial assets measured
melalui penghasilan at fair value through
komprehensif lain 26.986 (11.984) - - 15.002 other comprehensive income
Cadangan lainnya 13.381 - (5.623) - 7.758 Others provision
Sewa (1.014) - 19 - (995) Lease
Cadangan imbalan kerja 48.865 5.033 (1.585) - 52.313 Provision for employee benefit
Aset pajak tangguhan 502.238 (6.951) (3.662) (19.502) 472.123 Deferred tax assets
Dikreditkan ke
penghasilan Dikreditkan ke Penyesuaian
komprehensif lain/ laporan laba rugi/ saldo awal/
31 Desember/ Credited to other Credited to Beginning 31 Desember/
December 31, comprehensive statement of profit balance December 31 ,
2021 income or loss adjustment 2022
Cadangan jasa produksi 72.346 - 938 - 73.284 Provision for employee bonuses
Penyisihan kerugian Provision for losses
aset produktif 523.599 - (141.669) (41.194) 340.736 on earning assets
Laba yang belum direalisasi
atas aset keuangan Unrealized gain on
yang diukur pada nilai wajar financial assets measured
melalui penghasilan at fair value through
komprehensif lain (45.400) 76.116 - (3.730) 26.986 other comprehensive income
Cadangan lainnya 14.502 - (1.121) - 13.381 Others provision
Sewa 1.777 - (2.791) - (1.014) Lease
Cadangan imbalan kerja 60.387 (21.945) 6.064 4.359 48.865 Provision for employee benefit
Aset pajak tangguhan 627.211 54.171 (138.579) (40.565) 502.238 Deferred tax assets
123
Page 663
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
22. PERPAJAKAN (lanjutan) 22. TAXATION (continued)
h. Perubahan tarif pajak h. Changes in tax rate
Berdasarkan pasal 17 ayat 2 Undang-undang Under article 17, paragraph 2 of Law No.7 year
No.7 tahun 1983 mengenai “Pajak Penghasilan” 1983 regarding “Income Tax” which has been
yang telah diubah untuk keempat kalinya dengan amended for the fourth time with the Law No.36
Undang-undang No.36 tahun 2008, tarif Pajak year 2008, the corporate income tax rate is
Penghasilan Badan sebesar 25%. Namun 25%. However, based on Law No.36 year 2008
demikian berdasarkan Undang-undang No.36 dated September 23, 2008, Government
tahun 2008 tanggal 23 September 2008, Regulation No.81 year 2007 dated December
Peraturan Pemerintah No.81 tahun 2007 tanggal 28, 2007 regarding “Reduction on Income Tax
28 Desember 2007 tentang “Penurunan Tarif Rate for Domestic Listed Companies” and the
Pajak Penghasilan Bagi Wajib Pajak Badan Ministry of Finance Regulation
Dalam Negeri yang Berbentuk Perseroan No.238/PMK.03/2008 dated December 30,
Terbuka” dan Peraturan Menteri Keuangan 2008 regarding “Implementation and Monitoring
No.238/PMK.03/2008 tanggal 30 Desember 2008 Procedures for Granting Reduction Rates for
tentang “Tata Cara Pelaksanaan dan Domestic Listed Companies”.
Pengawasan Pemberian Penurunan Tarif Bagi
Wajib Pajak Badan Dalam Negeri yang Berbentuk
Perseroan Terbuka”.
Pada akhir tahun 2013, Peraturan Pemerintah At end of 2013, Government Regulation No.81
No.81 Tahun 2007 tanggal 28 Desember 2007 Year 2007 dated December 28, 2007 was
telah diubah dengan Peraturan Pemerintah (PP) amended by Government Regulation (PP)
No.77 Tahun 2013 tanggal 21 November 2013 No.77 Year 2013 dated November 21, 2013
yang kemudian diubah dengan Peraturan which was amended with Government
Pemerintah (PP) No.56 Tahun 2015 tanggal 3 Regulation (PP) No.56 Year 2015 dated August
Agustus 2015 tentang “Penurunan Tarif Pajak 3, 2015 regarding “Reduction on Income Tax
Penghasilan Bagi Wajib Pajak Badan Dalam Rate for Domestic Listed Companies”, which
Negeri yang Berbentuk Perseroan Terbuka”, regulates that domestic listed companies can
yang mengatur bahwa wajib pajak dalam negeri obtain reduction on income tax rate at 5% (five
yang berbentuk perseroan terbuka dapat percent) lower than income tax rate of domestic
memperoleh penurunan tarif pajak penghasilan companies tax payers if the following criterias
sebesar 5% (lima persen) lebih rendah dari tarif are met: (a) at least 40% (fourty percent) of the
pajak penghasilan wajib pajak badan dalam total issued shares are traded in Indonesia
negeri bila memenuhi persyaratan sebagai Stock Exchange, (b) the shares are owned by
berikut: (a) paling sedikit 40% (empat puluh at least 300 parties, (c) each party can only own
persen) dari jumlah keseluruhan saham yang lower than 5% (five percent) of the total issued
disetor dicatat untuk diperdagangkan di Bursa and fully paid shares, and (d) the above
Efek Indonesia, (b) saham tersebut harus dimiliki requirements must be fulfilled at the minimum
oleh paling sedikit 300 pihak, (c) masing-masing of 183 (one hundred eighty three) calendar
pihak tersebut hanya boleh memiliki saham days in a period of 1 (one) fiscal year.
kurang dari 5% (lima persen) dari keseluruhan Regulation on application and supervision of
saham ditempatkan dan disetor penuh, dan (d) the reduction on income tax rate will be
ketentuan sebagaimana dimaksud di atas harus provided in the Government Regulation.
dipenuhi dalam waktu paling singkat 183 (seratus
delapan puluh tiga) hari kalender dalam jangka
waktu 1 (satu) tahun pajak. Ketentuan mengenai
tata cara pelaksanaan dan pengawasan
pemberian penurunan tarif pajak penghasilan di
atas akan diatur dengan Peraturan Pemerintah
(PP).
124
Page 664
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
22. PERPAJAKAN (lanjutan) 22. TAXATION (continued)
h. Perubahan tarif pajak (lanjutan) h. Changes in tax rate (continued)
Pada 18 Mei 2020, Presiden Republik Indonesia On May 18, 2020, the President of the
mengeluaran Undang-udang Nomor 2 Tahun Republic of Indonesia issued Law Number 2
2020 tentang Penetapan Peraturan Pemerintah of 2020 concerning the Stipulation of
Pengganti Undang-Undang Nomor 1 Tahun 2020 Government Regulation in Lieu of Law
tentang Kebijakan Keuangan Negara dan Number 1 of 2020 concerning State
Stabilitas Sistem Keuangan untuk Penanganan Financial Policy and Financial System
Pandemi Corona Virus Disease 2019 (Covid-19) Stability for Handling the Corona Virus
dan/atau Dalam Rangka Menghadapi Ancaman Disease 2019 (Covid-19) Pandemic and/ or
yang Membahayakan Perekonomian Nasional In the Context of Facing Threats that
dan/atau Stabilitas Sistem Keuangan Menjadi Endanger the National Economy and/or
Undang-Undang pasal 5 menyebutkan bahwa Financial System Stability to Become Law.
adanya penyesuaian tarif Pajak Penghasilan Article 5 states that there is an adjustment in
Wajib Pajak Badan dalam negeri dan bentuk the income tax rate for domestic corporate
usaha tetap menjadi (a) sebesar 22% (dua puluh taxpayers and permanent establishments to
dua persen) yang berlaku pada Tahun Pajak become (a) 22% (twenty two percent) which
2020 dan Tahun Pajak 2021. Kemudian berubah applies in the 2020 Fiscal Year and 2021
menjadi (b) sebessar 20% (dua puluh persen) Fiscal Year. Then it changes to (b) 20 %
yang mulai berlaku pada Tahun Pajak 2022. (twenty percent) which will take effect in the
Pada pasal 5 ayat 2 bagi Wajib Pajak dalam 2022 Fiscal Year. In article 5 paragraph 2 for
negeri berbentuk Perseroan Terbuka dengan domestic Taxpayers in the form of Public
jumlah keseluruhan saham yang disetor Companies with the total number of paid-up
diperdagangkan pada bursa efek di Indonesia shares traded on the stock exchange in
paling sedikit 40% (empat puluh persen), dan Indonesia at least 40% (forty percent), and
memenuhi persyaratan tertentu dapat fulfilling certain requirements may obtain a
memperoleh tarif 3% (tiga persen) lebih rendah tariff of 3% (three percent) lower than the
dari tarif yang dimaksud pada huruf (a) dan (b). rate referred to in letters (a) and (b).
Pada tanggal 29 Oktober 2021, Presiden On October 29, 2021, the President of the
Republik Indonesia mengeluarkan Undang- Republic of Indonesia issued Law Number 7
Undang Nomor 7 Tahun 2021 tentang of 2021 concerning Harmonization of Tax
Harmonisasi Peraturan Perpajakan dengan tarif Regulations with a tax rate for domestic
Wajib Pajak badan dalam negeri dan bentuk entities and permanent establishments of
usaha tetap sebesar 22% yang mulai berlaku 22% which will take effect in the 2022 fiscal
pada tahun pajak 2022. Wajib Pajak badan year. Domestic corporate taxpayers are in
dalam negeri berbentuk (a) perseroan terbuka, the form of (a) a public company, (b) the total
(b) jumlah keseluruhan saham yang disetor number of paid-up shares is traded on the
diperdagangkan pada bursa efek di Indonesia stock exchange in Indonesia at least 40%
paling sedikit 40% dan (c) memenuhi and (c) fulfilling certain requirements can
persyaratan tertentu dapah memperoleh tarif obtain a rate of 3% lower than the rate
sebesar 3% lebih rendah dari tarif yang referred to. In this regard, it is regulated by
sebagaimana dimaksud. Terkait hal tersebut, Government Regulation (PP) Number 55 of
diatur oleh Peraturan Pemerintah (PP) Nomor 55 2022 concerning Adjustment of
Tahun 2022 tentang Penyesuaian Pengaturan di Arrangements in the Income Tax Sector
Bidang Pajak Penghasilan yang menyebutkan which states that the domestic income tax
bahwa tarif pajak penghasilan dalam negeri dan rate and permanent establishment is (a) 22%
bentuk usaha tetap adalah sebesar (a) 22% yang which applies in the 2020 and 2021 Fiscal
berlaku pada Tahun Pajak 2020 dan 2021 dan Years and (b) 22% which will take effect in
(b) 22% yang mulai berlaku pada Tahun pajak the 2022 tax year (in accordance with the
2022 (sesuai dengan ketentuan Undang-undang provisions of Law number 7 of 2021
nomor 7 Tahun 2021 tentang Harmonisasi concerning Harmonization of Tax
Peraturan Perpajakan). Regulations).
125
Page 665
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
22. PERPAJAKAN (lanjutan) 22. TAXATION (continued)
h. Perubahan tarif pajak (lanjutan) h. Changes in tax rate (continued)
Wajib pajak badan dalam negeri adalah Domestic corporate taxpayers are in the form
berbentuk (a) perseroan terbuka, (b) dengan of (a) a public company, (b) with the total
jumlah keseluruhan saham yang disetor number of paid-up shares traded on the
diperdagangkan pada bursa efek di Indonesia stock exchange in Indonesia at a minimum of
paling rendah 40% dan (c) memenuhi 40% and (c) fulfilling certain requirements
persyaratan tertentu dapat memperoleh tarif can obtain a rate of 3% lower than the rate
sebesar 3% lebih rendah dari tarif yang stipulated as referred to above. The specific
sebagaimana dimaksud diatas. Persyaratan requirements referred to are (a) shares must
tertentu yang dimaksud adalah (a) saham harus be owned by at least 300 parties, (b) each
dimiliki oleh paling sedikit 300 pihak, (b) masing- party can only own shares of less than 5% of
masing pihak hanya boleh memiliki saham the total issued and fully paid shares, (c) the
kurang dari 5% dari keseluruhan saham yang above requirements must be fulfilled at the
ditempatkan dan disetor penuh, (c) ketentuan minimum of 183 (one hundred eighty three)
sebagaimana dimaksud diatas harus dipenuhi calendar days in a period of 1 (one) fiscal
dalam jangka waktu paling singkat 183 hari year.
kalender dalam jangka waktu 1 tahun pajak.
Berdasarkan surat keterangan No.DE/I/2024- Based on Letter No.DE/I/2024-0195 dated
0195 tanggal 4 Januari 2024 tentang laporan January 4, 2024 regarding the monthly report
bulanan kepemilikan saham berupa Lampiran of shares ownerships, form of Attachment to
POJK Nomor 10/POJK.04/2020 dari Biro POJK Number 10/POJK.04/2020 from the
Administrasi Efek, Datindo Entrycom atas Securities Administration Agency (Biro
kepemilikan saham Bank selama tahun 2023, Administrasi Efek), Datindo Entrycom on the
semua kriteria di atas untuk memperoleh fasilitas ownership of Bank’s shares during 2023, all
penurunan tarif pajak tersebut atas laporan of the above mentioned required criteria to
keuangan Bank untuk tahun yang berakhir pada obtain the tax rate reduction on Bank’s
tanggal 31 Desember 2023 telah dipenuhi.. financial statements for the year ended
December 31, 2022 were fulfilled by Bank.
Manajemen akan terus melakukan pemantauan Management will continue to monitor related
terkait pemenuhan persyaratan penurunan tarif to meeting the tariff reduction requirements
sebagaimana disebutkan di atas. Manajemen as mentioned above. Management believes
berkeyakinan bahwa Bank telah memenuhi that the Bank has fulfill all the requirements
semua persyaratan untuk memperoleh fasilitas to obtain the reduction on income tax rate
penurunan tarif pajak penghasilan facility.
Sehubungan dengan hal tersebut, pajak In relation with the matter above, corporate
penghasilan badan untuk posisi 31 Desember income tax for the position of December 31,
2023 telah dihitung menggunakan tarif pajak 2023 has been calculated using a tax rate of
19%. 19%.
23. BEBAN YANG MASIH HARUS DIBAYAR 23. ACCRUED EXPENSES
31 Desember/ 31 Desember/
December 31, December 31,
2023 2022
Cadangan jasa produksi 367.526 385.706 Employee bonuses
Bunga 137.222 135.134 Interest
Jumlah 504.748 520.840 Total
126
Page 666
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
24. LIABILITAS LAIN-LAIN 24. OTHER LIABILITIES
31 Desember/ 31 Desember/
December 31, December 31,
2023 2022
Jumlah nosional Jumlah nosional
mata uang asing/ mata uang asing/
Notional amount Notional amount
foreign foreign
currencies Ekuivalen currencies Ekuivalen
(Dalam angka Rupiah/ (Dalam angka Rupiah/
penuh/ In full Rupiah penuh/ In full Rupiah
amount) equivalent amount) equivalent
Rupiah Rupiah
Cadangan imbalan kerja 275.328 257.184 Provision of employee benefit
Setoran jaminan 119.135 132.236 Security deposits
Liabilitas sewa 29.538 23.322 Lease liabilities
Pokok kredit penerusan yang diterima 8.303 7.683 Principal - channeling loans received
Bunga kredit penerusan yang diterima 3.582 3.592 Interest - channeling loans received
Provisi dan administrasi kredit 15 - Provision and credit administration
Estimasi kerugian komitmen Estimated losses on commitments
dan kontinjensi 3.450 3.020 and contingencies
Lainnya 2.173 1.390 Others
441.524 428.427
Mata uang asing Foreign currencies
Lainnya Other
Dolar Amerika Serikat 17.813.275 274.271 2.526.096 39.325 United States Dollar
Dolar Singapore 557.049 62.209 305.187 3.538 Singapore Dollar
Dolar Hong Kong - - 10.017 20 Hong Kong Dollar
Yuan China 603.687 1.310 Chinese Yuan
Euro - - 44.869 744 Euro
337.790 43.627
Jumlah 779.314 472.054 Total
Estimasi kerugian komitmen dan kontinjensi adalah Estimated losses on commitments and
sebagai berikut: contingencies are as follows:
31 Desember/ 31 Desember/
December 31, December 31,
2023 2022
Saldo awal tahun 3.020 117 Balance at beginning of year
Pemulihan tahun berjalan 430 2.903 Recovery during the year
Saldo akhir tahun 3.450 3.020 Balance at end of year
127
Page 667
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
25. DANA SYIRKAH TEMPORER 25. TEMPORARY SYIRKAH FUNDS
a. Giro Mudharabah a. Mudharabah Current Accounts
1) Berdasarkan jenis produk 1) By product
2023 2022
Bukan Bank Non-Bank
Giro iB Hasanah (Mudharabah) iB Hasanah (Mudharabah)
1.786 1.637 current accounts
1.786 1.637
Bank Bank
Giro iB Hasanah (Mudharabah) iB Hasanah (Mudharabah)
- - current accounts
Jumlah 1.786 1.637 Total
2) Berdasarkan hubungan 2) By relationship
2023 2022
Bukan Bank Non-Bank
Pihak berelasi - - Related parties
Pihak ketiga 1.786 1.637 Third parties
1.786 1.637
Bank Bank
Pihak ketiga Third parties
- -
Total 1.786 1.637 Total
3) Nisbah dan tingkat bagi hasil 3) Ratio and profit sharing rate
Nisbah dan tingkat bagi hasil rata-rata giro The average rate of ratio and profit sharing for
mudharabah untuk tahun yang berakhir mudharabah current accounts for the year
pada 31 Desember 2023 dan 2022 adalah ended December 31, 2023 and 2022 are as
sebagai berikut: follows:
2023 2022
Tingkat bagi Tingkat bagi
Nisbah/Ratio hasil/Profit Nisbah/Ratio hasil/Profit
sharing rate sharing rate
Giro Mudharabah 5,00% 0,51% 5,00% 0,47% Mudharabah current accounts
b. Tabungan Mudharabah b. Mudharabah Savings Deposits
1) Berdasarkan jenis produk 1) By product
2023 2022
Bukan Bank Non-Bank
Tabungan iB Hasanah (Mudharabah) iB Hasanah (Mudharabah)
718.471 594.597 savings deposits
718.471 594.597
Bank Bank
Tabungan iB Hasanah (Mudharabah) iB Hasanah (Mudharabah)
15.722 19.285 savings deposits
Jumlah 734.193 613.882 Total
128
Page 668
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
25. DANA SYIRKAH TEMPORER (lanjutan) 25. TEMPORARY SYIRKAH FUNDS (continued)
b. Tabungan Mudharabah (lanjutan) b. Mudharabah Savings Deposits (continued)
2) Berdasarkan jenis produk 2) By product
December 31, December 31,
2023 2022
Bukan Bank Non-Bank
Pihak berelasi 1.485 972 Related parties
Pihak ketiga 716.986 593.625 Third parties
718.471 594.597
Bank Bank
Pihak ketiga Third parties
15.722 19.285
Jumlah 734.193 613.882 Total
3) Nisbah dan tingkat bagi hasil 3) Ratio and profit sharing rate
Nisbah dan tingkat bagi hasil rata-rata The average rate of ratio and profit sharing for
tabungan mudharabah untuk tahun yang mudharabah savings deposits for the year
berakhir pada 31 Desember 2023 dan 2022 ended December 31, 2023 and 2022 are as
adalah sebagai berikut: follows:
2023 2022
Tingkat bagi Tingkat bagi
Nisbah/Ratio Nisbah/Ratio
hasil/Profit hasil/Profit
Tabungan Barokah Sejahtera 4,00% 0,41% 4,00% 0,38% Barokah Sejahtera savings deposits
Tabungan Pensiun IB Barokah 15,00% 1,52% 15,00% 1,42% Pensiun IB Barokah saving deposits
Tabungan Rencana IB Barokah 25,00% 2,54% 25,00% 2,37% Rencana IB Barokah savings deposits
Tabungan Haji Amanah 10,00% 1,02% 10,00% 0,95% Haji Amanah savings deposits
Tabungan Mudh Bank Lain 8,00% 0,81% 8,00% 0,76% Mudh Other Bank savings deposits
Tabungan Barokah 12,50% 1,27% 12,50% 1,19% Barokah savings deposits
c. Deposito Mudharabah c. Mudharabah Time Deposits
1) Berdasarkan hubungan 1) By relationship
2023 2022
Bukan Bank Non-Bank
Pihak berelasi 2.279 1.330 Related parties
Pihak ketiga 1.624.519 1.244.128 Third parties
1.626.798 1.245.458
Bank Bank
Pihak ketiga Third parties
3.700 9.000
Jumlah 1.630.498 1.254.458 Total
2) Berdasarkan jangka waktu kontrak 2) By contractual period
2023 2022
Bukan Bank Non-Bank
<1 bulan - 1.057.791 <1 month
1 - <3 bulan 1.433.382 75.331 1 - <3 months
3 - <6 bulan 55.712 18.479 3 - <6 months
6 - 12 bulan 137.704 93.857 6 - 12 months
1.626.798 1.245.458
Bank Bank
<1 bulan - 6.500 <1 month
1 - <3 bulan 3.700 2.500 1 - <3 months
Jumlah 1.630.498 1.254.458 Total
129
Page 669
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
25. DANA SYIRKAH TEMPORER (lanjutan) 25. TEMPORARY SYIRKAH FUNDS (continued)
c. Deposito Mudharabah (lanjutan) c. Mudharabah Time Deposits (continued)
3) Berdasarkan sisa umur jatuh tempo 3) By remaining period to maturity
December 31, December 31,
2023 2022
Bukan Bank Non-Bank
<1 bulan 1.453.147 1.087.576 <1 month
1 - <3 bulan 60.815 59.380 1 - <3 months
3 - <6 bulan 28.070 29.431 3 - <6 months
6 - 12 bulan 84.766 69.071 6 - 12 months
1.626.798 1.245.458
Bank Bank
<1 bulan 2.500 6.500 <1 month
1 - <3 bulan 1.200 2.500 1 - <3 months
Jumlah 1.630.498 1.254.458 Total
4) Nisbah dan tingkat bagi hasil 4) Ratio and profit sharing rate
Nisbah dan tingkat bagi hasil rata-rata The average rate of ratio and profit sharing for
deposito mudharabah untuk tahun yang mudharabah time deposits for the year ended
berakhir pada 31 Desember 2023 dan 2022 December 31, 2023 and 2022 are as follows:
adalah sebagai berikut:
2023 2022
Tingkat bagi Tingkat bagi
Nisbah/Ratio Nisbah/Ratio
hasil/Profit hasil/Profit
1 bulan 36,00% 3,66% 36,00% 3,42% 1 month
3 bulan 38,00% 3,86% 38,00% 3,61% 3 months
6 bulan 41,00% 4,16% 41,00% 3,89% 6 months
12 bulan 42,50% 4,32% 42,50% 4,03% 12 months
130
Page 670
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
26. MODAL SAHAM 26. SHARE CAPITAL
Pemegang saham Bank, jumlah saham yang The Bank’s shareholders, the number of authorized,
ditempatkan dan disetor, dan saldo yang terkait pada issued and paid-up shares and the related balances
tanggal 31 Desember 2023 dan 2022, adalah sebagai as of December 31, 2023 and 2022 were as follows:
berikut:
a. Modal dasar a. Authorized capital
Modal dasar Bank pada tanggal 31 Desember The Bank’s authorized capital as of December
2023 dan 2022 adalah sebagai berikut: 31, 2023 and 2022 were as follows:
Jumlah
saham/
Number of Rupiah/
shares Rupiah
Saham Seri A 24.000.000.000 6.000.000 Series A Shares
Saham Seri B 12.000.000.000 3.000.000 Series B Shares
Jumlah 36.000.000.000 9.000.000 Total
Saham Seri A dan Seri B, masing-masing Series A and B shares with par value of Rp250
dengan nilai nominal Rp250 per saham (Rupiah per share (full Rupiah).
penuh).
- Modal dasar Bank semula adalah sebesar - The previous authorized capital of the Bank
Rp2.500.000 yang terbagi atas Rp2.250.000 was Rp2,500,000 which consisted of
saham seri A dan Rp250.000 saham seri B Rp2,250,000 series A shares and Rp250,000
dengan nominal per lembar saham Rp1 series B shares with par value of Rp1 based
berdasarkan akta No. 56 tanggal 17 April on deed No. 56 dated April 17, 2008, and
2008 dan disahkan oleh Notaris Untung was legalized by Notary of Untung
Darnosoewirjo, S.H. Modal dasar Darnosoewirjo, S.H. The authorized capital
ditingkatkan menjadi Rp9.000.000 yang was increased to be Rp9,000,000 which
terbagi atas Rp6.000.000 saham seri A dan consisted of Rp6,000,000 series A shares
Rp3.000.000 saham seri B dengan nilai and Rp3,000,000 series B shares with par
nominal per lembar saham Rp250 (Rupiah value of Rp250 (full Rupiah). In relation to the
penuh). Terkait dengan peningkatan modal increase in authorised capital, the Bank has
dasar tersebut, Bank telah memperoleh obtained approval to amend the Bank's
persetujuan perubahan Anggaran Dasar dari Articles of Association from the Ministry of
Menteri Hukum dan Hak Asasi Manusia Law and Human Rights of the Republic of
Republik Indonesia No. AHU- Indonesia No. AHU-22728.AH.01.02.Tahun
22728.AH.01.02.Tahun 2012 pada tanggal 30 2012 dated April 30, 2012.
April 2012.
131
Page 671
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
26. MODAL SAHAM (lanjutan) 26. SHARE CAPITAL (continued)
a. Modal dasar a. Authorized capital
Saham Seri A dan Seri B, masing-masing Series A and B shares with par value of Rp250 per
dengan nilai nominal Rp250 per saham (Rupiah share (full Rupiah).
penuh).
- Berdasarkan Berita Acara Rapat Pemegang - Based on minutes of Extraordinary Meeting
Saham Luar Biasa No. 19 tanggal 19 Maret Shareholders’ No. 19 dated March 19, 2012, as
2012, sebagaimana dituangkan dalam Akta stated in Notarial Deed No. 19 dated March 19,
Notaris No. 19 tanggal 19 Maret 2012, yang 2012 of Wachid Hasyim, S.H., the shareholders
dibuat dihadapan Notaris Wachid Hasyim, agreed to convert the appropriated retained
S.H., para pemegang saham menyetujui earnings of Rp1,310,000 to issued and fully
untuk mengkonversi saldo laba yang telah paid capital after the authorized capital of the
ditentukan penggunaannya sebesar Bank has been increased to be Rp9,000,000,
Rp1.310.000 ke modal ditempatkan dan proportionally based on the number of shares
disetor penuh setelah modal dasar Bank hold by each shareholders, at par value of
ditingkatkan menjadi Rp9.000.000, secara Rp250 (full Rupiah) per share, and therefore the
proporsionil berdasarkan jumlah saham yang residual for which the amount is unable to be
dimiliki oleh masing-masing pemegang saham fully divided by Rp250 (full Rupiah) are to be
dengan nilai nominal Rp250 (Rupiah penuh) returned to esach shareholders.
per lembar saham, sehingga sisa hasil
konversi yang tidak habis dibagi Rp250
(Rupiah penuh) akan dikembalikan kepada
masing-masing pemegang saham.
- Pada tanggal 12 Juli 2012 saham Bank - On July 12, 2012 Bank shares have been
secara resmi telah tercatat di Bursa Efek officially listed on the Indonesia Stock
Indonesia. Jumlah saham Bank yang tercatat Exchange. Total shares of the Bank listed on
di Bursa Efek Indonesia sebanyak the Indonesia Stock Exchange were
14.768.508.132 saham atau 99% dari jumlah 14,768,508,132 shares or 99% of the total
saham Bank. Saham yang tercatat shares of the Bank. Listed shares are
merupakan saham seri A sebanyak 11,784,971,132 series A shares and
11.784.971.132 dan saham seri B sebanyak 2,983,537,000 Series B shares. While the
2.983.537.000 saham. Sementara 149,176,850 shares or 1% are not listed on the
149.176.850 saham atau 1% sisanya tidak Indonesia Stock Exchange to fulfill the
dicatatkan di Bursa Efek Indonesia untuk Government Regulation No.29 of 1999
memenuhi Peraturan Pemerintah No.29 tahun concerning Purchase of Shares of Commercial
1999 tentang Pembelian Saham Bank Umum. Banks.
b. Jumlah saham seri A yang ditempatkan dan b. Total issued and fully paid-up capital of series A
disetor penuh pada tanggal 31 Desember 2023 shares as of December 31, 2023 and December
dan 31 Desember 2022 sebagai berikut (Rupiah 31, 2022, are as follows (full Rupiah):
penuh):
Pemecahan nilai nominal dari Stock split from Rp1,000,000
Rp1.000.000 per saham menjadi per share to be
Rp250 per saham 6.694.148.000 Rp250 per saham
Konversi cadangan umum 5.239.999.982 General reserve conversion
Jumlah saham pada akhir tahun 11.934.147.982 Shares at year end
c. Jumlah saham seri B yang ditempatkan dan c. Total issued and fully paid-up capital of series B
disetor penuh pada tanggal 31 Desember 2023 shares as of December 31, 2023 and 2022 are
dan 2022 adalah 3.081.350.100 lembar saham 3,081,350,100 shares (full Rupiah).
(Rupiah penuh).
132
Page 672
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
26. MODAL SAHAM (lanjutan) 26. SHARE CAPITAL (continued)
d. Susunan pemegang saham d. Composition of shareholders
31 Desember/
December 31,
2023
Jumlah lembar Persentase Jumlah modal
saham/ kepemilikan/ disetor/
Number of Percentage of Total paid-in
Pemegang saham shares ownership capital Shareholders
Seri A Series A
Pemerintah Provinsi Jawa Timur 7.676.913.648 51,13% 1.919.228 Government of East Java Province
Pemerintah Kabupaten: Government of Regencies:
Kabupaten Sidoarjo 370.155.850 2,47% 92.539 Regency of Sidoarjo
Kabupaten Bojonegoro 300.288.632 2,00% 75.072 Regency of Bojonegoro
Kabupaten Banyuwangi 270.036.117 1,80% 67.509 Regency of Banyuwangi
Kabupaten Malang 253.635.445 1,69% 63.409 Regency of Malang
Kabupaten Gresik 220.213.170 1,47% 55.053 Regency of Gresik
Kabupaten Tuban 217.418.404 1,45% 54.355 Regency of Tuban
Kabupaten Ngawi 215.763.995 1,44% 53.941 Regency of Ngawi
Kabupaten Kediri 144.925.510 0,97% 36.231 Regency of Kediri
Kabupaten Sumenep 144.228.431 0,96% 36.057 Regency of Sumenep
Kabupaten Kraksaan 125.931.454 0,84% 31.483 Regency of Kraksaan
Kabupaten Jember 111.866.875 0,75% 27.967 Regency of Jember
Kabupaten Lamongan 101.318.315 0,67% 25.330 Regency of Lamongan
Kabupaten Sampang 101.175.235 0,67% 25.294 Regency of Sampang
Kabupaten Bondowoso 87.207.357 0,58% 21.802 Regency of Bondowoso
Kabupaten Trenggalek 84.640.532 0,56% 21.160 Regency of Trenggalek
Kabupaten Mojokerto 78.373.801 0,52% 19.593 Regency of Mojokerto
Kabupaten Nganjuk 77.217.854 0,51% 19.304 Regency of Nganjuk
Kabupaten Situbondo 76.374.593 0,51% 19.094 Regency of Situbondo
Kabupaten Tulungagung 70.697.975 0,47% 17.674 Regency of Tulungagung
Kabupaten Lumajang 67.206.045 0,45% 16.802 Regency of Lumajang
Kabupaten Pacitan 53.520.271 0,36% 13.380 Regency of Pacitan
Kabupaten Pasuruan 44.610.500 0,30% 11.153 Regency of Pasuruan
Kabupaten Pamekasan 40.592.928 0,27% 10.148 Regency of Pamekasan
Kabupaten Blitar 39.496.395 0,26% 9.874 Regency of Blitar
Kabupaten Bangkalan 36.793.459 0,25% 9.198 Regency of Bangkalan
Kabupaten Madiun 32.660.478 0,22% 8.165 Regency of Madiun
Kabupaten Jombang 26.792.899 0,18% 6.698 Regency of Jombang
Kabupaten Ponorogo 23.555.596 0,16% 5.889 Regency of Ponorogo
Kabupaten Magetan 19.594.792 0,13% 4.899 Regency of Magetan
Pemerintah Kota: Government of Municipalities:
Kota Surabaya 319.243.457 2,13% 79.812 Municipality of Surabaya
Kota Madiun 134.064.427 0,89% 33.516 Municipality of Madiun
Kota Malang 108.635.999 0,72% 27.159 Municipality of Malang
Kota Pasuruan 100.075.767 0,67% 25.019 Municipality of Pasuruan
Kota Mojokerto 72.091.751 0,48% 18.023 Municipality of Mojokerto
Kota Batu 38.236.741 0,25% 9.559 Municipality of Batu
Kota Probolinggo 17.397.927 0,12% 4.349 Municipality of Probolinggo
Kota Blitar 16.987.084 0,11% 4.247 Municipality of Blitar
Kota Kediri 14.208.273 0,09% 3.552 Municipality of Kediri
11.934.147.982 79,48% 2.983.537
Seri B Series B
Komisaris: Commisioner:
- Suprajarto 191.000 0,00% 48 Suprajarto -
Direksi: Directors:
- Busrul Iman 2.958.900 0,02% 740 Busrul Iman -
- Tonny Prasetyo 1.067.400 0,01% 267 Tonny Prasetyo -
- Edi Masrianto 327.600 0,00% 82 Edi Masrianto -
- R Arief Wicaksono 728.200 0,00% 182 R Arief Wicaksono -
- Zulhelfi Abidin 24.200 0,00% 6 Zulhelfi Abidin -
- Eko Susetyono 124.100 0,00% 31 Eko Susetyono -
Masyarakat (kepemilikan masing- Public (ownership less
masing dibawah 5%) 3.075.928.700 20,49% 768.982 than 5% each)
3.081.350.100 20,52% 770.338
Jumlah 15.015.498.082 100,00% 3.753.875 Total
133
Page 673
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
26. MODAL SAHAM (lanjutan) 26. SHARE CAPITAL (continued)
d. Susunan pemegang saham (lanjutan) d. Composition of shareholders (continued)
31 Desember/
December 31,
2022
Jumlah lembar Persentase Jumlah modal
saham/ kepemilikan/ disetor/
Number of Percentage of Total paid-in
Pemegang saham shares ownership capital Shareholders
Seri A Series A
Pemerintah Provinsi Jawa Timur 7.676.913.648 51,13% 1.919.228 Government of East Java Province
Pemerintah Kabupaten: Government of Regencies:
Kabupaten Sidoarjo 370.155.850 2,47% 92.539 Regency of Sidoarjo
Kabupaten Bojonegoro 300.288.632 2,00% 75.072 Regency of Bojonegoro
Kabupaten Banyuwangi 270.036.117 1,80% 67.509 Regency of Banyuwangi
Kabupaten Malang 253.635.445 1,69% 63.409 Regency of Malang
Kabupaten Gresik 220.213.170 1,47% 55.053 Regency of Gresik
Kabupaten Tuban 217.418.404 1,45% 54.355 Regency of Tuban
Kabupaten Ngawi 215.763.995 1,44% 53.941 Regency of Ngawi
Kabupaten Kediri 144.925.510 0,97% 36.231 Regency of Kediri
Kabupaten Sumenep 144.228.431 0,96% 36.057 Regency of Sumenep
Kabupaten Kraksaan 125.931.454 0,84% 31.483 Regency of Kraksaan
Kabupaten Jember 111.866.875 0,75% 27.967 Regency of Jember
Kabupaten Lamongan 101.318.315 0,67% 25.330 Regency of Lamongan
Kabupaten Sampang 101.175.235 0,67% 25.294 Regency of Sampang
Kabupaten Bondowoso 87.207.357 0,58% 21.802 Regency of Bondowoso
Kabupaten Trenggalek 84.640.532 0,56% 21.160 Regency of Trenggalek
Kabupaten Mojokerto 78.373.801 0,52% 19.593 Regency of Mojokerto
Kabupaten Nganjuk 77.217.854 0,51% 19.304 Regency of Nganjuk
Kabupaten Situbondo 76.374.593 0,51% 19.094 Regency of Situbondo
Kabupaten Tulungagung 70.697.975 0,47% 17.674 Regency of Tulungagung
Kabupaten Lumajang 67.206.045 0,45% 16.802 Regency of Lumajang
Kabupaten Pacitan 53.520.271 0,36% 13.380 Regency of Pacitan
Kabupaten Pasuruan 44.610.500 0,30% 11.153 Regency of Pasuruan
Kabupaten Pamekasan 40.592.928 0,27% 10.148 Regency of Pamekasan
Kabupaten Blitar 39.496.395 0,26% 9.874 Regency of Blitar
Kabupaten Bangkalan 36.793.459 0,25% 9.198 Regency of Bangkalan
Kabupaten Madiun 32.660.478 0,22% 8.165 Regency of Madiun
Kabupaten Jombang 26.792.899 0,18% 6.698 Regency of Jombang
Kabupaten Ponorogo 23.555.596 0,16% 5.889 Regency of Ponorogo
Kabupaten Magetan 19.594.792 0,13% 4.899 Regency of Magetan
Pemerintah Kota: Government of Municipalities:
Kota Surabaya 319.243.457 2,13% 79.812 Municipality of Surabaya
Kota Madiun 134.064.427 0,89% 33.516 Municipality of Madiun
Kota Malang 108.635.999 0,72% 27.159 Municipality of Malang
Kota Pasuruan 100.075.767 0,67% 25.019 Municipality of Pasuruan
Kota Mojokerto 72.091.751 0,48% 18.023 Municipality of Mojokerto
Kota Batu 38.236.741 0,25% 9.559 Municipality of Batu
Kota Probolinggo 17.397.927 0,12% 4.349 Municipality of Probolinggo
Kota Blitar 16.987.084 0,11% 4.247 Municipality of Blitar
Kota Kediri 14.208.273 0,09% 3.552 Municipality of Kediri
11.934.147.982 79,48% 2.983.537
Seri B Series B
Komisaris: Commisioner:
- Heru Tjahjono 274.200 0,00% 69 Heru Tjahjono -
Direksi: Directors:
- Busrul Iman 1.946.500 0,01% 487 Busrul Iman -
- Tonny Prasetyo 628.500 0,00% 157 Tonny Prasetyo -
- R Arief Wicaksono 126.300 0,00% 32 Ferdian Timur Satyagraha -
Masyarakat (kepemilikan masing- Public (ownership less
masing dibawah 5%) 3.078.374.600 20,50% 769.594 than 5% each)
3.081.350.100 20,52% 770.338
Jumlah 15.015.498.082 100,00% 3.753.875 Total
134
Page 674
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
26. MODAL SAHAM (lanjutan) 26. SHARE CAPITAL (continued)
e. Pembagian saldo laba e. Distribution of retained earnings
Berdasarkan Berita Acara Rapat Umum Based on decisions at Annual General Meetings
Pemegang Saham Tahunan, sebagaimana Report as documented in notarial deeds No.51
tercantum dalam akta No. 51 tanggal 17 Maret dated March 17, 2022 of Sitaresmi Puspadewi
2022 yang dibuat oleh Notaris Sitaresmi Subianto, S.H. And No.01 dated May 03, 2021 of
Puspadewi Subianto, S.H. dan akta No. 01 Sitaresmi Puspadewi Subianto, S.H. the
tanggal 03 Mei 2021 yang dibuat oleh Notaris shareholders agreed to distribute net income for
Sitaresmi Puspadewi Subianto, S.H. para the year ended December 31, 2021 and 2020 as
Pemegang Saham menyetujui pembagian laba follows:
neto untuk tahun yang berakhir pada tanggal 31
Desember 2021 dan 2020 sejumlah dan dengan
penggunaan sebagai berikut:
Laba tahun/ Laba tahun/
Net income year Net income year
2022 2021
Dividen tunai 797.173 782.457 Cash dividends
Cadangan umum 745.651 740.613 General reserve
Bank membentuk cadangan umum untuk Bank established the general reserve to
memperkuat modal. strengthen capital.
27. TAMBAHAN MODAL DISETOR – NETO 27. OTHER PAID-IN CAPITAL – NET
Rincian tambahan modal disetor tanggal 31 Desember Details of other paid in capital as of December 31,
2023 dan 31 Desember 2022, adalah sebagai berikut: 2023 and December 31, 2022 as follows:
December 31, December 31,
2023 2022
Agio saham dari Penawaran Umum Share premium from Initial
Perdana Saham (IPO) 509.369 509.369 Public Offering (IPO)
Opsi saham untuk program Management and Stock option for Management and Employee
Employee Stock Option Plan (MESOP) 23.365 23.365 Stock Option Plan (MESOP) program
Jumlah 532.734 532.734 Total
Pada tanggal 12 Juli 2012, Bank telah melakukan On July 12, 2012, the Bank has made it first Initial
Penawaran Umum Saham Perdana (IPO) dengan Public Offering (IPO) by issuing 2,983,537,000
mengeluarkan 2.983.537.000 lembar saham Seri B series B shares amounted to Rp250 (full Rupiah) per
dengan nilai nominal sebesar Rp250 (Rupiah penuh) share with an offering price at Rp430 (full Rupiah)
setiap lembar saham dengan harga penawaran per share, resulting increase in share premium, as
sebesar Rp430 (Rupiah penuh) setiap lembar saham follows:
sehingga menghasilkan tambahan agio saham sebagai
berikut:
Agio saham Rp180 (Rupiah penuh) per 537.037 Share premium Rp180 (full Rupiah) per
saham share
Biaya emisi saham (27.668) Share issuance cost
Agio saham dari IPO 509.369 Share premium from IPO
135
Page 675
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
27. TAMBAHAN MODAL DISETOR – NETO (lanjutan) 27. OTHER PAID-IN CAPITAL – NET (continued)
Program MESOP sebanyak 105.915.000 lembar MESOP Program as much as 105,915,000 shares,
dilaksanakan mulai tahun 2015 kepada manajemen started 2015 to the management and employee of the
dan karyawan Bank dan Program MESOP akan Bank and will be expire in 2020. Up to now
berakhir pada tahun 2020. Sampai dengan saat ini 97,813,100 MESOP shares have been executed,
telah tereksekusi 97.813.100 lembar saham dari resulting shares agio additional:
Program MESOP sehingga menghasilkan tambahan
agio saham sebagai berikut:
Agio saham Program MESOP Tahap I Share Agio MESOP Program Phase I
Rp200 (Rupiah penuh) per saham 6.355 Rp200 (Rupiah) per share
Tereksekusi 31.774.500 lembar executed 31,774,500 shares.
Agio saham Program MESOP Tahap II Share Agio MESOP Program Phase II
Rp159 (Rupiah penuh) per saham 5.052 Rp159 (Rupiah) per share
Tereksekusi 31.774.500 lembar executed 31,774,500 shares
Agio saham Program MESOP Tahap III Share Agio MESOP Program Phase III
Rp349 (Rupiah penuh) per saham 11.958 Rp349 (Rupiah) per share
Tereksekusi 34.264.100 lembar executed 34,264,100 shares
Agio saham dari Program MESOP 23.365 Share Agio MESOP Program
Program MESOP Tahap I telah dilaksanakan tanggal The MESOP Program Phase I has been implemented
1 Agustus 2016 - 13 September 2016, tanggal 1 from August 1, 2016 - September 13, 2016, February
Februari 2017 - 13 Maret 2017, tanggal 1 Agustus 1, 2017 - March 13, 2017, August 1, 2017 -
2017 - 13 September 2017, tanggal 1 Februari 2018 - September 13, 2017, February 1, 2018 - March 15,
15 Maret 2018, tanggal 1 Agustus 2018 - 14 2018,August 1, 2018 - September 14, 2018, February
September 2018, tanggal 1 Pebruari 2019 - 18 Maret 1, 2019 - March 18, 2019, 2019 - September 11, 2019,
2019, dan tanggal 1 Agustus 2019 - 11 September and February 3, 2020 - March 16, 2020 at Rp450 per
2019 dengan harga Rp450 per saham dan jumlah share with the total number of shares purchased by
lembar saham yang dibeli oleh peserta yang memiliki participants is 31,774,500 shares, or 100% of
hak opsi (MESOP) sebanyak 31.774.500 lembar 31,774,500 shares option rights granted in Phase I
saham atau 100% dari 31.774.500 hak opsi saham with a total nominal amount of Rp14,298,525,000 (full
yang diberikan pada Tahap I dengan jumlah nominal Rupiah).
sebesar Rp14.298.525.000 (Rupiah penuh).
Program MESOP Tahap II telah dilaksanakan tanggal The MESOP Program Phase II has been implemented
1 Agustus 2017 - 13 November 2017, dan tanggal 1 from August 1, 2017 - September 13, 2017, February
Februari 2018 - 15 Maret 2018, tanggal 1 Agustus 1, 2018- March 15, 2018, August 1, 2018 - September
2018 - 14 September 2018, tanggal 1 Pebruari 2019 - 14, 2018, February 1, 2019 - March 18, 2019, August
18 Maret 2019, tanggal 1 Agustus 2019 - 11 1, 2019 - September 11, 2019, and February 3, 2020 -
September 2019, dan tanggal 3 Februari 2020 - 16 March 16, 2020 at Rp 409 per share, with the total
Maret 2020 dengan harga Rp409 per saham dan number of shares purchased by participants is
jumlah lembar saham yang dibeli oleh peserta yang 31,774,500 shares or 100% of 31,774,500 shares
memiliki hak opsi (MESOP) sebanyak 31.774.500 option rights granted in Phase II with a total nominal
lembar saham atau 100% dari 31.774.500 hak opsi amount of Rp 12,995,770,500 (full Rupiah).
saham yang diberikan pada Tahap II dengan jumlah
nominal sebesar Rp12.995.770.500 (Rupiah penuh).
Program MESOP Tahap III telah dilaksanakan tanggal The MESOP Program Phase III has been
1 Agustus 2018 - 14 September 2018, tanggal 1 implemented from August 1, 2018 - September 14,
Pebruari 2019 - 18 Maret 2019, tanggal 1 Agustus 2018, February 1, 2019 - March 18, 2019, August 1,
2019 - 11 September 2019, dan tanggal 3 Februari 2019 - September 11, 2019, and February 3, 2020 -
2020 - 16 Maret 2020 dengan harga Rp599 per saham March 16, 2020 at Rp599 per share, with the total
dan jumlah lembar saham yang dibeli oleh peserta number of shares purchased by participants is
yang memiliki hak opsi (MESOP) sebanyak 34.264.100 shares or 80,88% of 42,366,000 shares
34.264.100 lembar saham atau 80,88% dari option rights granted in Phase III with a total nominal
42.366.000 hak opsi saham yang diberikan pada amount of Rp20,524,195,900 (full Rupiah).
Tahap III dengan jumlah nominal sebesar
Rp20.524.195.900 (Rupiah penuh).
136
Page 676
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
28. PENERUSAN KREDIT 28. CHANNELING LOANS
Bank mengadakan perjanjian dengan berbagai pihak The Bank entered into agreements with lenders to
penyedia dana untuk menyalurkan kredit ke sektor distribute credit for certain business sectors as
usaha tertentu yang ditetapkan oleh pihak penyedia determined by the lenders. The Bank does not have
dana. Bank tidak menanggung risiko atas kredit yang any credit risk pertaining to the channeling loans,
disalurkan tersebut, tetapi berkewajiban but it is responsible to implement, administer and
melaksanakan, menatausahakan dan mengelola dana manage the funds distributed and the Bank collects
kredit yang dikeluarkan dan sebagai imbalan Bank an administration fee for channeling loans of 1% of
menerima jasa administrasi atas penerusan kredit the loans disbursed.
sebesar 1% dari kredit yang disalurkan.
a. Bank Indonesia a. Bank Indonesia
Pada tanggal 26 November 1998, 21 November On November 26, 1998, November 21, 1999 and
1999 dan 11 Agustus 1999, Bank mengadakan August 11, 1999, the Bank entered into
perjanjian kerjasama dengan Bank Indonesia cooperation agreements with Bank Indonesia to
untuk menyalurkan kredit likuiditas Bank distribute liquidity credits on behalf of Bank
Indonesia, masing-masing dalam bentuk “Kredit Indonesia in the form of “Kredit Likuiditas Usaha
Likuiditas Usaha Angkutan Umum Bus Angkutan Umum Bus Perkotaan” (KUAUBP),
Perkotaan” (KUAUBP), “Kredit Kepada “Kredit Kepada Pengusaha Kecil dan Pengusaha
Pengusaha Kecil dan Pengusaha Mikro” Mikro” (KPKM) and “Kredit Usaha Tani” (KUT).
(KPKM) dan “Kredit Usaha Tani” (KUT).
b. Pemerintah Provinsi Jawa Timur b. Government of East Java Province
Berdasarkan amandemen perjanjian Based on an amendment agreement
No.518/6533/021/2016 dan No.054/088/IV/ No.518/6533/021/2016 and No.054/088/IV/
2016/PKS/DIR/KRD.AGR.RTL tanggal 18 April 2016/PKS/DIR/KRD.AGR.RTL, dated April 18,
2016, Bank mengadakan perjanjian kerjasama 2016, the Bank entered into a 5 (five) years
untuk jangka waktu 5 (lima) tahun dengan cooperation agreement with the Government of
Pemerintah Provinsi Jawa Timur untuk East Java Province to distribute revolving funds
menyalurkan dana bergulir sebagai tambahan for additional working capital for Small and
modal kerja bagi usaha kecil, menengah dan Medium Scale Enterprises and Cooperatives in
koperasi dengan tujuan untuk mensukseskan order to assist the Government of East Java
Program Pemerintah Provinsi Jawa Timur dalam Province’s program involving the improvement of
rangka meningkatkan kegiatan Usaha Ekonomi Small and Medium Scale Enterprises and
Produktif Usaha Kecil Menengah dan Koperasi Cooperatives and currently in processing for loan
dan saat ini sedang dalam proses perpanjangan period extension.
jangka waktu pinjaman.
c. Kementerian Koperasi dan Usaha Kecil dan c. Ministry of Cooperatives and Small and Medium
Menengah Scale Enterprises
Bank sebagai penyalur dana bergulir yang Bank as a channeling of revolving funds sourced
bersumber dari dana APBN mengadakan from APBN funds with Cooperation Agreement
Perjanjian Kerjasama dengan Kementerian with Ministry of Cooperatives and Small and
Koperasi dan Usaha Kecil dan Menengah untuk Medium Enterprises for Small and Micro
Program Pengembangan Pengusaha Mikro dan Entrepreneur Development Program, through:
Kecil, melalui:
- Penguatan modal Koperasi Simpan Pinjam - Strengthening the capital of cooperatives in
(KSP) sektor agrobisnis untuk mensukseskan the agribusiness sector in order to
program Pemerintah yang meliputi penyaluran, successfully implement the improvement
pemanfaatan, pengembalian serta terwujudnya programs for the members of cooperatives
peningkatan dan pengembangan usaha and society based on agreement dated
agrobisnis anggota koperasi dan masyarakat January 19, 2004 for a period of 25 years.
berdasarkan perjanjian tanggal 19 Januari
2004 dengan jangka waktu 25 tahun.
137
Page 677
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
28. PENERUSAN KREDIT (lanjutan) 28. CHANNELING LOANS (continued)
c. Kementerian Koperasi dan Usaha Kecil dan c. Ministry of Cooperatives and Small and Medium
Menengah (lanjutan) Scale Enterprises (continued)
- Program Penyediaan Modal dan Padanan - Initial capital and matching fund program for
(MAP) Awal bagi usaha kecil, menengah small and medium enterprise and cooperative
dan koperasi melalui KSP/USP koperasi through KSP/USP cooperative with the goal
dengan tujuan mengembangkan usaha of developing UKM in the area that have not
UKM pada sentra yang belum tersedia been adequately provided financing under the
pembiayaan secara memadai berdasarkan agreement dated November 8, 2003 and its
perjanjian tanggal 8 November 2003 dan expiration based on agreement of both
perjanjian ini berakhir atas kesepakatan parties.
kedua belah pihak.
d. Kementerian Keuangan Republik Indonesia d. Finance Ministry of the Republic of Indonesia
Pada tanggal 4 Agustus 1993, Bank On August 4, 1993, the Bank entered into a
mengadakan perjanjian kerjasama dengan cooperation agreement with the Finance
Departemen Keuangan Republik Indonesia Department of the Republic of Indonesia. Under
untuk meneruskan pinjaman Pemerintah dari this agreement, the Bank will distribute
Islamic Development Bank (IDB) dalam rangka Government loans from the Islamic Development
membiayai proyek Rumah Sakit Islam Bank (IDB) to finance the development of the
Surabaya. Surabaya Islamic Hospital.
e. Yayasan Dana Sejahtera Mandiri e. Dana Sejahtera Mandiri Foundation
Pada tanggal 19 Juli 1999, Bank mengadakan On July 19, 1999, the Bank entered into
perjanjian kerjasama dengan para pihak, yaitu: cooperation agreements with the following parties:
1) Kantor Menteri Negara Koordinator Bidang 1) The Coordinating Minister for People's Welfare
Kesra dan Taskin, Departemen Pertanian and Poverty Eradication Division, the
dan Yayasan Dana Sejahtera Mandiri Agriculture Department and Dana Sejahtera
(Yayasan Damandiri) - untuk Mandiri Foundation (Yayasan Damandiri) - to
menyelenggarakan kredit pengentasan manage loans for poverty eradication through
kemiskinan melalui pengembangan usaha agribusiness development involving loans in
agrobisnis dengan Kredit Taskin Agribisnis. the form of Kredit Taskin Agribisnis.
2) Kantor Menteri Negara Koordinator Bidang 2) The Coordinating Minister for People's Welfare
Kesra dan Taskin, Departemen Koperasi and Poverty Eradication Division, the
Pengusaha Kecil dan Menengah dan Cooperatives Department and Small and
Yayasan Dana Sejahtera Mandiri (Yayasan Medium Scale Enterprises Division and the
Damandiri) - untuk menyelenggarakan kredit Dana Sejahtera Mandiri Foundation (Yayasan
pengentasan kemiskinan melalui Usaha Damandiri) - to manage loans for poverty
Kecil, Menengah dan Koperasi (UKMK) eradication through Small and Medium Scale
dengan Kredit Taskin UKMK. Enterprises and Cooperatives (Usaha Kecil,
Menengah dan Koperasi-UKMK) involving
loans in the form of Kredit Taskin UKMK.
3) Kantor Menteri Negara Koordinator Bidang 3) The Coordinating Minister for People's Welfare
Kesra dan Taskin, Departemen Perindustrian and Poverty Eradication Division, the Industrial
dan Perdagangan dan Yayasan Dana and Trading Department and Dana Sejahtera
Sejahtera Mandiri (Yayasan Damandiri) - Mandiri Foundation (Yayasan Damandiri) - to
untuk menyelenggarakan kredit pengentasan manage loans for poverty eradication through
kemiskinan melalui pengembangan industri small scale industry and home industry
kecil dan kerajinan rakyat dengan kredit development involving loans in the form of
Taskin Industri Kecil dan Kerajinan Rakyat Kredit Taskin Industri Kecil dan Kerajinan
(Taskin Inkra). Rakyat (Taskin Inkra).
138
Page 678
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
28. PENERUSAN KREDIT (lanjutan) 28. CHANNELING LOANS (continued)
f. Dinas Koperasi dan Pengusaha Kecil dan f. Cooperatives and Small and Medium Enterprises
Menengah Provinsi Jawa Timur Department of East Java Province
Bank mengadakan perjanjian kerjasama untuk Bank entered into a cooperation agreement for a
jangka waktu 5 tahun dengan Dinas Koperasi period of 5 years with the Cooperatives and Small
Pengusaha Kecil dan Menengah Provinsi Jawa and Medium Enterprises Department of East Java
Timur untuk menyalurkan dana bergulir yang Province to distribute revolving funds from the
bersumber dari Anggaran Pendapatan Belanja Regional Income and Expenditures Budget
Daerah (APBD) Propinsi Jawa Timur dengan (Anggaran Pendapatan Belanja Daerah - APBD)
tujuan untuk mensukseskan Program of East Java Province in order to provide
Pemerintah Provinsi Jawa Timur yang meliputi assistance to the Government of East Java
penyaluran kredit dan penggunaan dana, Province’s programs for loan distribution and
pembinaan, pemantauan dan pengawasan, utilization, directing, monitoring, supervising and
pengembalian serta pemanfaatan dana bergulir repayment and utilization of revolving funds (dana
oleh koperasi. Berdasarkan amandemen bergulir) by cooperatives (Koperasi). Based on the
perjanjian tanggal 6 Desember 2013, perjanjian amendment agreement on December 6, 2013, the
jatuh tempo pada tanggal 16 Desember 2016. agreement was matured on December 16, 2016.
Pada tanggal 10 Agustus 2016, telah dilakukan On August 10, 2016, the agreement has been
perpanjangan dengan jangka waktu 3 (tiga) extended for a period of 3 (three) years based on
tahun berdasarkan perjanjian No.518/15709/ agreement No.518/15709/108.5/2016 and
108.5/2016 dan No.054/210/SP/DIR/KRD. No.054/210/SP/DIR/KRD.AGR.RTL.
AGR.RTL.
Pada tanggal 18 Oktober 2019 telah dilakukan On October 18, 2019, the agreement has been
perpanjangan dengan jangka waktu 5 (lima) extended for a period of 5 (five) years based on
tahun berdasarkan perjanjian agreement No.518/19535/115.5/2019 and
No.518/19535/115.5/2019 dan 058/245/PKS/DIR/KMRP.
058/245/PKS/DIR/KMRP.
g. Departemen Kehutanan dan Perkebunan g. Forestry and Plantation Department of the
Republik Indonesia Republic of Indonesia
Pada tanggal 23 Juli 1999, Bank mengadakan On July 23, 1999, the Bank entered into a
kerjasama dengan Departemen Kehutanan dan cooperation agreement with the Forestry and
Perkebunan Republik Indonesia sebagai Plantation Department of the Republic of
penyalur Kredit Usaha Hutan Rakyat yang Indonesia for distribution of loans for the purpose
bertujuan untuk pengembangan Usaha Hutan of the People’s Forestry Business Development
Rakyat. activities.
h. Yayasan Abadi Karya Bhakti h. Abadi Karya Bhakti Foundation
Pada tanggal 9 Januari 1999, Bank On January 9, 1999, the Bank entered into a
mengadakan perjanjian kerjasama dengan cooperation agreement with the Abadi Karya
Yayasan Abadi Karya Bhakti dan Menteri Bhakti Foundation and the Coordinating State
Negara Koordinator Bidang Kesra dan Taskin Minister of People's Welfare and Poverty
serta Departemen Pertanian untuk Eradication Division and the Agriculture
menyelenggarakan Kredit Taskin Agribisnis. Department to manage loans involving Kredit
Jangka waktu kerjasama terhitung sejak Taskin Agribisnis for the period from the signing of
kesepakatan ini ditandatangani sampai dengan the agreement until repayment of all loans.
seluruh kredit yang disalurkan dilunasi.
139
Page 679
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
28. PENERUSAN KREDIT (lanjutan) 28. CHANNELING LOANS (continued)
i. Dinas Peternakan Provinsi Jawa Timur i. Livestock Division of East Java Province (Dinas
Peternakan Propinsi Jawa Timur)
Berdasarkan perjanjian No. Based on an agreement No.900/8176/122.5/2020
900/8176/122.5/2020 dan and No.059/161/SP/DIR/KMRP dated September
No.059/161/SP/DIR/KMRP tanggal 21 21, 2020, the Bank entered into a cooperation
September 2020, Bank mengadakan perjanjian agreement for a period of 3 (three) years with the
kerjasama untuk jangka waktu 3 (tiga) tahun Livestock Division of East Java Province in order
dengan Dinas Peternakan Provinsi Jawa Timur to provide assistance to the Government of East
dengan tujuan untuk mensukseskan Program Java Province in its program for loan distribution
Pemerintah Provinsi Jawa Timur yang meliputi and utilization, directing, monitoring, supervising
penyaluran pinjaman dan penggunaan dana, and repayment and utilization of revolving funds
pembinaan, pemantauan, pengawasan dan by Village Union - KUD for Milk Union in
pengembalian serta pemanfaatan dana bergulir connection with the procurement of equipment to
oleh Koperasi Unit Desa (KUD) untuk Koperasi improve the quality of milk produced by farmers.
Persusuan dalam rangka pengadaan peralatan In accordance with this agreement, the Bank acts
peternakan guna perbaikan kualitas susu sapi as agent for revolving funds from the Regional
perah rakyat. Dalam perjanjian tersebut, Bank Income and Expenditures Budget of the East Java
sebagai penyalur dana bergulir modal Province Livestock Sector Division.
pengadaan peralatan peternakan untuk
perbaikan kualitas susu bagi KUD untuk
Koperasi Persusuan yang bersumber dari APBD
Provinsi Jawa Timur sub sektor peternakan.
Rincian saldo kredit kelolaan berdasarkan The details of balances of channeling loans based
penyedia dana adalah sebagai berikut: on the sources of funds (lenders) are as follows:
31 Desember/ 31 Desember/
December 31, December 31,
2023 2022
Bank Indonesia 402.524 402.524 Bank Indonesia
Pemerintah Provinsi Jawa Timur 122.698 129.443 Government of East Java Province
Kementrian Koperasi dan The Ministry of Cooperatives
Usaha Kecil dan Menengah 54.451 55.301 Small and Medium Scale Enterprises
Yayasan Dana Sejahtera Mandiri 15.942 15.942 Dana Sejahtera Mandiri Foundation
Departemen Kehutanan dan Forestry and Plantation Department
Perkebunan Republik Indonesia 15.326 15.326 of the Republic of Indonesia
Dinas Koperasi dan Pengusaha Department of Cooperatives and Small and
Kecil dan Menengah 12.826 13.031 Medium Enterprises
Department of Finance
Departemen Keuangan Republik Indonesia 8.512 8.606 of the Republic of Indonesia
Yayasan Abadi Karya Bhakti 6.038 6.038 Abadi Karya Bhakti Foundation
Dinas Peternakan Provinsi Jawa Timur 2.098 2.108 Livestock Division of East Java Province
Jumlah 640.415 648.319 Total
140
Page 680
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
28. PENERUSAN KREDIT (lanjutan) 28. CHANNELING LOANS (continued)
Rincian saldo kredit kelolaan berdasarkan sektor The details of balances of channeling loans based
ekonomi adalah sebagai berikut: on economic sector are as follows:
31 Desember/ 31 Desember/
December 31, December 31,
2023 2022
Jasa kemasyarakatan dan sosial budaya 524.334 526.533 Social culture and community services
Pertanian, perburuan dan kehutanan 42.669 44.020 Agriculture. hunting and forestry
Perdagangan besar dan eceran 35.283 36.861 Wholesale and retail
Jasa kesehatan dan kegiatan sosial 8.573 8.701 Health service and social activities
Penyediaan akomodasi makan dan minum 8.483 9.198 Provision of food and drink accommodation
Industri pengolahan 5.965 6.679 Processing industry
Kegiatan yang belum jelas batasannya 5.896 5.941 Undefined activities
Perikanan 5.404 6.367 Fishery
Perantara keuangan 3.196 3.308 Financial intermediary
Jasa perorangan melayani rumah tangga 321 415 Individual service which serve households
Transportasi, perdagangan dan komunikasi 205 210 Transportation, trading and communication
Real estate, usaha persewaan dan jasa 51 51 Real estate, rental and business services
Konstruksi 27 27 Construction
Pertambangan dan penggalian 8 8 Mining and quarying
Jumlah 640.415 648.319 Total
29. KOMITMEN DAN KONTINJENSI 29. COMMITMENTS AND CONTINGENCIES
Bank memiliki tagihan dan liabilitas komitmen dan The Bank has receivables and liabilities involving
kontinjensi dengan rincian sebagai berikut: commitments and contingencies as follows:
31 Desember/ 31 Desember/
December 31, December 31,
2023 2022
KOMITMEN COMMITMENTS
Tagihan komitmen Commitment receivables
Rupiah: Rupiah:
Pembelian spot & derivatif - 156.070 Purchase of spot and derivative
Lainnya 874.645 909.159 Others
874.645 1.065.229
Liabilitas komitmen Commitment liability
Rupiah Rupiah:
Fasilitas kredit kepada debitur Unused loan commitments
yang belum digunakan 3.770.265 3.399.512 granted to debtors
Total liabilitas komitmen, neto 2.895.620 2.334.283 Total commitment liabilities, net
KONTINJENSI CONTINGENCIES
Tagihan kontinjensi Contingent receivables
Rupiah: Rupiah:
Pendapatan bunga dalam penyelesaian 82.966 119.108 Interest income on past due accounts
Lainnya 13 13 Others
82.979 119.121
Liabilitas kontinjensi Contingent liabilities
Rupiah: Rupiah
Bank garansi yang diberikan 653.383 973.063 Bank guarantees issued
Mata uang asing: Foreign currencies:
Bank garansi yang diberikan 46.191 46.703 Bank guarantees issued
699.574 1.019.766
Total liabilitas kontinjensi, neto 616.595 900.645 Total contingent liabilities, net
Total liabilitas komitmen dan Total commitment and contingent
kontinjensi, neto 3.512.215 3.234.928 liabilities, net
Pada tanggal 31 Desember 2023 dan 2022, Bank tidak As of December 31, 2023 and 2022, the Bank has
mempunyai tagihan dan liabilitas komitmen dan no outstanding commitment and contingent
kontinjensi kepada pihak berelasi. receivables and liabilities involving related parties.
141
Page 681
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
30. PENDAPATAN BUNGA DAN SYARIAH 30. INTEREST AND SHARIA INCOME
31 Desember/ 31 Desember/
December 31, December 31,
2023 2022
Pihak berelasi (Catatan 39) Related parties (Note 39)
Kredit yang diberikan 13.961 7.926 Loans
Margin dan pendapatan bagi hasil 7 126 Margin and profit-sharing revenue
Pihak ketiga Third parties
Kredit yang diberikan 4.837.915 4.261.412 Loans
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain 1.806.519 932.818 and other banks
Surat berharga Marketable securities
Biaya perolehan diamortisasi 423.992 1.392.992 Amortised cost
Margin dan pendapatan bagi hasil 157.455 135.829 Margin and profit-sharing revenue
Provisi 90.157 110.971 Provision
Sertifikat Bank Indonesia 23.226 17.442 Certificates of Bank Indonesia
Lainnya 4.052 23.135 Others
Jumlah 7.357.284 6.882.651 Total
31. BEBAN BUNGA DAN SYARIAH 31. INTEREST AND SHARIA EXPENSE
December 31, December 31,
2023 2022
Deposito berjangka 1.669.282 1.432.248 Time deposits
Tabungan 280.153 264.782 Savings accounts
Giro 200.924 221.779 Current accounts
Repo 117.839 30.291 Premium on marketable securities
Simpanan dari bank lain 38.680 4.589 Deposits from other banks
Pinjaman yang diterima 8.543 10.357 Borrowings
Beban bunga kredit 763 1.549 Loan interest expense
Jumlah 2.316.184 1.965.595 Total
Beban bunga kepada pihak berelasi diungkapkan Interest expense involving related parties is disclosed
pada (Catatan 40). in (Note 40).
32. PENDAPATAN OPERASIONAL LAINNYA 32. OTHER OPERATING INCOME
2023 2022
Administrasi giro, tabungan Current accounts, savings and deposits
dan deposito 193.996 184.480 administration fees
Penerimaan kembali kredit hapus buku 127.264 56.653 Collection of loans written-off
Administrasi kredit 30.880 42.511 Loan administration fees
Provisi dan komisi selain dari Fees and commissions from
kredit yang diberikan 22.093 11.105 other than loans
Lainnya 274.187 238.820 Others
Jumlah 648.420 533.569 Total
142
Page 682
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
33. PENYISIHAN KERUGIAN PENURUNAN NILAI 33. PROVISION FOR IMPAIRMENT LOSSES ON
ATAS ASET KEUANGAN FINANCIAL ASSETS
2023 2022
Kredit yang diberikan Loans
Modal kerja 349.480 267.675 Working capital
Konsumsi 144.776 52.364 Consumption
Investasi 181.587 67.715 Investment
675.843 387.754
Aset keuangan lainnya Other financial assets
Penempatan pada Bank Indonesia Placement with Bank Indonesia
dan bank lain 1.872 1.391 and other banks
Giro pada bank lain 636 203 Current accounts with other banks
Surat berharga 111 (5.544) Marketable securities
Estimasi kerugian komitmen Estimated losses on commitments
dan kontinjensi 430 2.903 and contingencies
Aset lain-lain 15.244 17.952 Other assets
Jumlah 694.136 404.659 Total
34. BEBAN TENAGA KERJA DAN TUNJANGAN 34. SALARIES AND EMPLOYEE BENEFITS
KARYAWAN EXPENSES
2023 2022
Gaji pegawai 547.842 496.631 Employee salaries
Bonus pegawai 367.526 385.706 Employee bonuses
Tambahan penghasilan pegawai 234.683 220.933 Additional income for employees
Sewa tenaga kerja 132.028 139.896 Outsourcing
Asuransi dan iuran dana pensiun 130.390 143.663 Insurance and pension fund contributions
Tunjangan pajak penghasilan pegawai 127.005 85.344 Tax allowances - employees’ salaries
Pendidikan dan latihan 94.913 76.883 Education and training
Imbalan kerja 38.721 55.532 Employee benefit
Pengobatan 35.560 26.241 Medical
Gaji Direksi 13.556 8.894 Directors’ salaries
Honorarium Dewan Komisaris 9.218 6.098 Commissioners’ honoraria
Rekreasi dan olahraga 8.303 5.808 Recreation and sport
Tambahan penghasilan Direksi 3.877 4.171 Additional compensation for Directors
Perumahan Direksi 2.220 1.976 Housing for Directors
Tambahan penghasilan Komisaris 1.146 2.217 Additional compensation for Commissioners
Lainnya 15.655 14.705 Others
Jumlah 1.762.643 1.674.698 Total
143
Page 683
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
35. BEBAN UMUM DAN ADMINISTRASI 35. GENERAL AND ADMINISTRATIVE EXPENSES
2023 2022
Premi asuransi pertanggungan lainnya 207.924 220.083 Other insurance premiums
Amortisasi beban ditangguhkan 180.989 239.247 Amortization of deferred charges
Jasa otomasi 157.885 142.764 Automation services
Penyusutan aset tetap (Catatan 15) 150.752 164.880 Depreciation of fixed assets (Note 15)
Sewa 81.652 77.950 Rental
Promosi 75.260 49.292 Promotion
Perjalanan dinas 57.632 62.796 Official/business travel
Pemeliharaan 55.911 56.922 Maintenance
Alat tulis dan barang cetak 54.360 48.889 Stationery and printed materials
Listrik, air dan telekomunikasi 37.932 35.337 Electrical, water and telecommunications
Sumbangan 25.828 31.568 Donations
Pajak lainnya 22.101 18.126 Other taxes
Pengawasan, pemeriksaan dan jasa tenaga ahli 19.498 20.273 Supervision, audit and professional services
Tanggung jawab sosial dan lingkungan 17.663 20.135 Social and environment responsibility
Keamanan 8.538 9.610 Security
Surat Dinas 4.464 3.599 Mail Service
Penagihan 1.281 1.329 Collection
Pajak Reklame 1.251 1.531 Advertising tax
Pajak Bumi dan Bangunan (PBB) 1.168 1.169 Land and building tax fees (PBB)
Pajak kendaraan bermotor 679 656 Motor Vehicle Tax
Koran dan Majalah 387 430 Newspaper and Magazine
Bursa Efek 278 275 Stock Exchange
Pajak Penghasilan 15 112 Income Tax
Lainnya 19.539 22.415 Others
Jumlah 1.182.987 1.229.388 Total
36. BEBAN LAINNYA 36. OTHER EXPENSES
2023 2022
Tanda mata, hadiah dan umum 97.460 86.316 Souvenirs, gifts and general
Kliring dan transfer 53.656 59.476 Clearing and transfers
Rapat dan jamuan tamu 24.394 15.423 Meetings and entertainment
Penelitian dan pengembangan 7.901 9.833 Research and development
Kegiatan keagamaan 3.904 3.009 Religious activities
Provisi, komisi dan fee 32 10 Provision, commision and fee
Lainnya 7.366 26.987 Others
Jumlah 194.713 201.054 Total
144
Page 684
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
37. PENDAPATAN NON OPERASIONAL 37. NON OPERATING INCOME
2023 2022
Fee jasa pelayanan pajak 6.444 6.084 Tax service fees
Keuntungan atas penjualan aset tetap 5.608 5.274 Gain on sale of fixed asset - net
Keuntungan selisih kurs 2.390 - Gain on foreign exchange
Keuntungan penjualan efek-efek neto 8.698 2.757 Gain on sale of securities - net
Lainnya 33.901 158.513 Others
57.041 172.628
38. BEBAN NON OPERASIONAL LAINNYA 38. NON OPERATING EXPENSE
Pada tanggal 31 Desember 2023 dan 2022, saldo As of December 31, 2023 and 2022, the balance of
beban non operasional lainnya masing-masing non operating expense amounted Rp19,339 and
sebesar Rp19.339 dan Rp83.405. Rp83,405, respectively
39. LABA PER SAHAM DASAR 39. BASIC EARNINGS PER SHARE
December 31, December 31,
2023 2022
Laba untuk perhitungan laba Income for computation of
per saham dasar 1.470.105 1.542.824 basic earnings per share
Rata-rata tertimbang jumlah saham 15.015.498.082 15.015.498.082 Weighted average number of shares
Laba per saham dasar Basic earnings per share
(dalam Rupiah penuh) 97,91 102,75 (in full Rupiah)
145
Page 685
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
40. TRANSAKSI DENGAN PIHAK BERELASI 40. TRANSACTIONS WITH RELATED PARTIES
Dalam kegiatan normal usaha, Bank melakukan In the normal course of business, Bank enters into
transaksi dengan pihak berelasi karena hubungan certain transactions with parties which are related
kepemilikan dan/atau kepengurusan. Semua transaksi to the management and/or owned by the same
dengan pihak-pihak berelasi telah dilakukan dengan ultimate shareholder. All transactions with related
kebijakan dan syarat yang telah disepakati bersama. parties have met the agreed terms and conditions.
Sifat dari hubungan/ Sifat dari transaksi/
Pihak berelasi Nature of relationship Nature of transactions Related parties
Pemerintah Provinsi Jawa Timur Pemegang saham/Shareholder Penempatan dana/Fund placement Government of East Java Province
Pemerintah Kota Surabaya Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Surabaya City
Pemerintah Kabupaten Malang Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Malang Regency
Pemerintah Kabupaten Jember Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Jember Regency
Pemerintah Kota Pasuruan Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Pasuruan City
Pemerintah Kabupaten Banyuwangi Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Banyuwangi Regency
Pemerintah Kabupaten Probolinggo Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Probolinggo Regency
Pemerintah Kabupaten Bondowoso Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Bondowoso Regency
Pemerintah Kabupaten Sidoarjo Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Sidoarjo Regency
Pemerintah Kabupaten Tuban Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Tuban Regency
Pemerintah Kabupaten Situbondo Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Situbondo Regency
Pemerintah Kabupaten Kediri Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Kediri Regency
Pemerintah Kabupaten Lumajang Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Lumajang Regency
Pemerintah Kabupaten Lamongan Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Lamongan Regency
Pemerintah Kabupaten Nganjuk Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Nganjuk Regency
Pemerintah Kabupaten Mojokerto Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Mojokerto Regency
Pemerintah Kabupaten Sampang Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Sampang Regency
Pemerintah Kota Malang Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Malang City
Pemerintah Kabupaten Pasuruan Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Pasuruan Regency
Pemerintah Kabupaten Bangkalan Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Bangkalan Regency
Pemerintah Kabupaten Gresik Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Gresik Regency
Pemerintah Kota Mojokerto Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Mojokerto City
Pemerintah Kabupaten Pacitan Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Pacitan Regency
Pemerintah Kota Batu Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Batu City
Pemerintah Kabupaten Ngawi Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Ngawi Regency
Pemerintah Kabupaten Jombang Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Jombang Regency
Pemerintah Kabupaten Madiun Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Madiun Regency
Pemerintah Kabupaten Pamekasan Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Pamekasan Regency
Pemerintah Kabupaten Tulungagung Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Tulungagung Regency
Pemerintah Kabupaten Blitar Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Blitar Regency
Pemerintah Kabupaten Ponorogo Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Ponorogo Regency
Pemerintah Kabupaten Trenggalek Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Trenggalek Regency
Pemerintah Kabupaten Magetan Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Magetan Regency
Pemerintah Kabupaten Bojonegoro Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Bojonegoro Regency
Pemerintah Kota Probolinggo Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Probolinggo City
Pemerintah Kota Blitar Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Blitar City
Pemerintah Kota Madiun Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Madiun City
Pemerintah Kota Kediri Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Kediri City
Pemerintah Kabupaten Sumenep Pemegang saham/Shareholder Penempatan dana/Fund placement Government of Sumenep Regency
Pemerintah Kabupaten Bojonegoro Pemegang saham/Shareholder Kredit yang diberikan/Loans Government of Bojonegoro Regency
Pemerintah Kabupaten Lamongan Pemegang saham/Shareholder Kredit yang diberikan/Loans Government of Lamongan Regency
Pemerintah Kabupaten Malang Pemegang saham/Shareholder Kredit yang diberikan/Loans Government of Malang Regency
PT Bank Perkreditan Rakyat Jawa Timur Dimiliki oleh pemegang Kredit yang diberikan/Loans PT Bank Perkreditan Rakyat Jawa Timur
saham akhir yang sama/Owned Penempatan dana/Fund placement
by the ultimate shareholder
Dewan Komisaris, Direksi Karyawan kunci/Key Simpanan nasabah/Deposits Board of Commissioners.
dan pejabat eksekutif management personnel from customers Board of Directors
Pengurus/Management Beban tenaga kerja/ and executive officer s
Personnel expenses
RKUD Kabupaten Lamongan Dimiliki oleh pemegang Kredit yang diberikan/Loans RKUD Kabupaten Lamongan
saham akhir yang sama/Owned Penempatan dana/Fund placement
by the ultimate shareholder
Pemda Kabupaten Lamongan Dimiliki oleh pemegang Kredit yang diberikan/Loans Pemda Kabupaten Lamongan
saham akhir yang sama/Owned Penempatan dana/Fund placement
by the ultimate shareholder
146
Page 686
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
40. TRANSAKSI DENGAN PIHAK BERELASI (lanjutan) 40. TRANSACTIONS WITH RELATED PARTIES
(continued)
Saldo aset produktif, simpanan, pinjaman yang The outstanding balances of earning assets, deposits,
diterima dan komitmen dan kontinjensi dari pihak borrowings and commitments and contingencies with
berelasi adalah sebagai berikut: related parties were as follows:
2023 2022
ASET ASSETS
Kredit yang diberikan dan pembiayaan
Loans and sharia financing (Note 11)
syariah (Catatan 11)
Pinjaman manajemen kunci 100.611 104.192 Loans to key managements
PT Bank Perkreditan Rakyat Jawa Timur - 24.851 PT Bank Perkreditan Rakyat Jawa Timur
RKUD Kabupaten Lamongan 30.914 - RKUD Kabupaten Lamongan
Pemda Kabupaten Lamongan 46.220 - Pemda Kabupaten Lamongan
Lain-lain 7.103 5.828 Others
Jumlah 184.848 134.871 Total
Persentase terhadap jumlah aset 0,18% 0,13% Percentage to total assets
LIABILITAS LIABILITIES
Simpanan dari nasabah (Catatan 18) 12.644.538 15.295.405 Deposits from customers (Note 18)
Persentase terhadap jumlah liabilitas 14,15% 17,05% Percentage to total liabilities
Simpanan dari bank lain (Catatan 19) Deposits from other banks (Note 19)
PT Bank Perkreditan Rakyat Jawa Timur 12.648.302 141.996 PT Bank Perkreditan Rakyat Jawa Timur
Jumlah 12.648.302 141.996 Total
Persentase terhadap jumlah liabilitas 14,16% 0,16% Percentage to total liabilities
LABA RUGI DAN PENGHASILAN PROFIT OR LOSS AND
KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME
Pendapatan bunga (Catatan 30) 13.968 8.052 Interest income (Note 30)
Persentase terhadap jumlah Percentage to total
pendapatan bunga dan syariah 0,19% 0,12% interest and sharia income
Beban bunga dan syariah (Catatan 31) 459.124 471.882 Interest and sharia expenses (Note 31)
Persentase terhadap jumlah Percentage to total interest
beban bunga dan syariah 19,82% 24,01% and sharia expenses
Komitmen dan kontinjensi Commitments and contingencies
Tidak terdapat saldo komitmen dan kontinjensi kepada There were no commitments and contingencies
pihak berelasi untuk tahun yang berakhir pada involving related parties as of December 31, 2023 and
tanggal-tanggal 31 Desember 2023 dan 2022. 2022.
147
Page 687
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
40. TRANSAKSI DENGAN PIHAK BERELASI (lanjutan) 40. TRANSACTIONS WITH RELATED PARTIES
(continued)
Kompensasi manajemen kunci Compensation of key management personnel
Kompensasi kepada personil manajemen kunci Bank The compensation of key management personnel of
(di luar Komisaris dan Direksi) adalah sebagai berikut: the Bank (excluding Commissioners and Directors)
are follows:
2023 2022
Gaji 17.656 22.995 Salary
Jasa produksi 12.009 12.053 Production bonus
Tunjangan 7.458 10.520 Allowance
Jumlah 37.123 45.569 Total
Jumlah remunerasi yang telah dan akan dibayar untuk Total remuneration paid and payable for the years
tahun yang berakhir pada tanggal 31 Desember 2023 ended December 31, 2023 and 2022 to the Board of
dan 2022 untuk Dewan Komisaris, masing-masing Commissioners were Rp15,130 and Rp12,990,
adalah Rp15.130 dan Rp12.990 dan untuk Direksi, respectively, and to the Board of Directors were
masing-masing adalah Rp33.962 dan Rp39.310. Rp33,962 and Rp39,310 respectively.
41. INFORMASI SEGMEN USAHA 41. SEGMENT INFORMATION
Informasi yang berkaitan dengan segmen usaha yang Information concerning the operating segment
operasi dari Bank disajikan dalam tabel di bawah ini: information of the Bank is set out in the table below:
31 Desember/
December 31,
2023
Konvensional/ Syariah/ Eliminasi/ Jumlah/
Conventional Sharia Elimination Total
Pendapatan segmen 8.655.645 203.424 1.501.785 7.357.284 Segment income
Beban segmen (3.754.671) (63.298) (1.501.785) (2.316.184) Segment expenses
Pendapatan segmen - neto 4.900.974 140.126 - 5.041.100 Segment Income - net
Pendapatan operasional
lainnya 621.079 27.341 - 648.420 Other operating income
Penyisihan kerugian penurunan Provision for impairment
nilai atas aset keuangan losses on financial and
dan nonkeuangan (664.369) (29.767) - (694.136) non-financial assets
Beban operasional lainnya (3.036.456) (103.887) - (3.140.343) Other operating expenses
Laba operasional 1.821.228 33.813 - 1.855.041 Income from operations
Pendapatan (beban) bukan Non-operating income
operasional - neto 37.270 432 - 37.702 (expenses) - net
Beban pajak - neto (422.638) - - (422.638) Tax expense - net
Laba (rugi) periode berjalan 1.435.860 34.245 - 1.470.105 Profit (loss) for the period
Jumlah aset 100.761.038 3.620.590 (526.855) 103.854.773 Total assets
148
Page 688
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
41. INFORMASI SEGMEN USAHA (lanjutan) 41. SEGMENT INFORMATION (continued)
Informasi yang berkaitan dengan segmen usaha yang Information concerning the operating segment
operasi dari Bank disajikan dalam tabel di bawah ini information of the Bank is set out in the table below
(lanjutan): (continued):
31 Desember/
December 31,
2022
Konvensional/ Syariah/ Eliminasi/ Jumlah/
Conventional Sharia Elimination Total
Pendapatan segmen 8.361.576 175.839 1.654.764 6.882.651 Segment income
Beban segmen (3.565.277) (55.082) (1.654.764) (1.965.595) Segment expenses
Pendapatan segmen - neto 4.796.299 120.757 - 4.917.056 Segment Income - net
Pendapatan operasional
lainnya 512.531 21.038 - 533.569 Other operating income
Penyisihan kerugian penurunan Provision for impairment
nilai atas aset keuangan losses on financial and
dan nonkeuangan (381.864) (22.795) - (404.659) non-financial assets
Beban operasional lainnya (3.024.930) (80.210) - (3.105.140) Other operating expenses
Laba operasional 1.902.036 38.790 - 1.940.826 Income from operations
Pendapatan (beban) bukan Non-operating income
operasional - neto 87.343 1.880 - 89.223 (expenses) - net
Beban pajak - neto (487.225) - - (487.225) Tax expense - net
Laba (rugi) periode berjalan 1.502.154 40.670 - 1.542.824 Profit (loss) for the period
Jumlah aset 100.470.606 3.071.458 (510.697) 103.031.367 Total assets
42. MANAJEMEN RISIKO 42. RISK MANAGEMENT
Fungsi manajemen risiko dalam pelaksanaannya Risk management function includes identification,
melakukan identifikasi, penilaian, pengukuran, assessment, measurement, evaluation, monitoring
evaluasi, monitoring, dan pengendalian risiko terkait and risk controls, including development of
pula pengembangan sistem teknologi dan informasi technology and management information systems
manajemen, serta peningkatan kualitas sumber daya and improvement of human resources quality in risk
manusia dalam mengelola risiko. management.
Penerapan manajemen risiko di Bank mengacu pada Implementation of Bank risk management in
Peraturan Otoritas Jasa Keuangan (POJK) accordance with the Financial Services Authority
No.18/POJK.03/2016 tanggal 16 Maret 2016 tentang Regulation (POJK) No.18/POJK.03/2016 dated March
Penerapan Manajemen Risiko bagi Bank Umum. 16, 2016 regarding Application of Risk Management
for Commercial Banks.
Pengelolaan risiko tidak hanya terbatas pada Risk management is not merely related to monitoring,
pemantauan, pelaporan dan evaluasi terhadap risiko- reporting, and evaluating the risks, but also detecting
risiko yang terjadi, namun juga mendeteksi dan and anticipating the possible risks.
mengantisipasi risiko-risiko yang mungkin terjadi.
Pengawasan aktif Dewan Komisaris dan Direksi Bank Active monitoring from the Boards of Commissioners
sangatlah penting, termasuk membentuk beberapa and Directors is essential, including establishing
unit kerja yang bersifat permanen maupun komite several permanent working units or ad hoc
untuk menunjang proses pengendalian risiko. Hal ini committees to support the risks control process. This
diwujudkan dengan pembentukan Divisi is implemented by establishing a Risk Management
Pengendalian Risiko serta beberapa komite seperti Division and other several committees such as Risk
Komite Pemantau Risiko, Komite Manajemen Risiko, Monitoring Committee, Risk Management Committee,
Komite Aset dan Liabilitas, Komite Manajemen Assets and Liabilities Committee, Personnel
Kepegawaian dan Komite Pengarah IT. Management and IT Steering Committee.
Bank selalu menyempurnakan seluruh ketentuan The Bank continously improves internal policies
internal terkait pengelolaan risiko, termasuk dari sisi related to risk management, including policies,
kebijakan, pedoman, prosedur dan pemanfaatan standardized operations, procedures, and information
teknologi informasi. technology utilization.
149
Page 689
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. RISIKO KREDIT 43. CREDIT RISK
Sesuai dengan kompleksitas usahanya, Bank telah In accordance with the complexity of business, the
mengelola 8 (delapan) jenis risiko yaitu risiko kredit, Bank has managed 8 (eight) risks, namely credit
risiko likuiditas, risiko pasar, risiko operasional, risiko risk, liquidity risk, market risk, operational risk,
hukum, risiko reputasi, risiko stratejik dan risiko compliance risk, legal risk, strategic risk and
kepatuhan. reputation risk.
Setiap triwulan, Bank telah menyusun profil risiko yang In quarterly, the Bank has prepared the risks profile
secara garis besar dapat mencerminkan tingkat risiko globally which reflected the Bank's risk rate.
yang dimiliki oleh Bank.
Kerangka manajemen risiko Risk management framework
Organisasi manajemen risiko Bank melibatkan The Bank’s risk management organization involves
pengawasan dari Dewan Komisaris, Direksi dan Komite oversight from the Board of Commissioner, the
Pemantau Risiko. Komite Pemantau Risiko merupakan Board of Directors, and the Risk Monitoring
pengawas risiko tertinggi di Dewan Komisaris. Komite Committee. The Risk Monitoring Committee is the
Pemantau Risiko tersebut menyetujui dan memonitor highest risk authority in the Board of Commissioner
pelaksanaan kerangka dan kebijakan manajemen risiko level. The Risk Monitoring Committee approves and
Bank. Dewan Komisaris mendelegasikan kuasa monitors the implementation of risk management
kepada Direktur Utama dan Direksi untuk framework and policies of the Bank. Board of
mengimplementasikan strategi manajemen risiko. Commissioner delegate authority to the President
Komite Pemantau Risiko dibentuk oleh Direksi dan Director and Board of Directors to implement the
bertanggungjawab untuk mengelola risiko yang ada di risk management strategy. The Risk Monitoring
Bank. Committee is established by the Board of Directors
and is responsible for managing risk of the Bank.
Kebijakan manajemen risiko Bank ditetapkan untuk The Bank’s risk management policies are
mengidentifikasi dan menganalisa risiko-risiko yang established to identify and analyse the risks faced
dihadapi Bank, untuk menetapkan batasan risiko dan by the Bank, to set appropriate risk limits and
pengendalian yang sesuai, serta untuk mengawasi controls, and to monitor risks and adherence to
risiko dan kepatuhan terhadap batasan yang telah limits determined. Risk management policies and
ditetapkan. Kebijakan dan sistem manajemen risiko systems are reviewed regularly to reflect changes in
ditelaah secara berkala untuk mencerminkan market conditions, products and services offered.
perubahan dalam kondisi pasar, produk, dan jasa yang The Bank, through its training and management
ditawarkan. Bank, melalui pelatihan serta standar dan standards and procedures, aims to develop a
prosedur pengelolaan, berusaha untuk disciplined and constructive control environment, in
mengembangkan lingkungan pengendalian yang taat which all employees understand their roles and
dan konstruktif, dimana semua karyawan memahami obligations.
tugas dan kewajiban mereka.
Komite Audit Bank memiliki tanggung jawab untuk The Bank’s Audit Committee is responsible for
memantau kepatuhan terhadap kebijakan dan prosedur monitoring compliance with the Bank’s risk
manajemen risiko, dan untuk menelaah kecukupan management policies and procedures, and for
kerangka manajemen risiko yang terkait dengan risiko- reviewing the adequacy of the risk management
risiko yang dihadapi oleh Bank. Dalam menjalankan framework in relation to the risks faced by the Bank.
fungsinya, Komite Audit dibantu oleh Satuan Kerja The Bank’s Audit Committee is assisted in these
Audit Intern. Satuan Kerja Audit Intern secara berkala functions by Internal Audit Task Force. Internal
maupun sesuai kebutuhan, menelaah pengendalian Audit Task Force undertakes both regular and ad-
dan prosedur manajemen risiko dan melaporkan hoc reviews of risk management controls and
hasilnya ke Komite Audit Bank. procedures, the results of which are reported to the
Bank’s Audit Committee.
Komite Pemantau Risiko mengawasi perkembangan The Risk Monitoring Committee supervises the
kebijakan manajemen risiko dan menilai development of risk management policies and
penerapannya. Komite juga memberikan nasihat assesses the implementation. The Committee also
mengenai strategi manajemen risiko yang harus provides advice on the risk management strategy to
digunakan oleh Bank. Dalam melaksanakan fungsi be employed by the Bank. In conducting its
pengawasan, Komite Pemantau Risiko akan oversight role, the Risk Monitoring Committee will
melakukan pengawasan dan evaluasi kinerja Komite also monitor and evaluate the performance of the
Manajemen Risiko. Risk Management Committee.
150
Page 690
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. RISIKO KREDIT (lanjutan) 43. CREDIT RISK (continued)
Risiko kredit adalah risiko akibat wanprestasi debitur Credit risk is the risk of debtors and/or counterparties
dan/atau pihak lawan (counterparty) dalam memenuhi failure to fulfil their obligations to the Bank. In relation
liabilitas kepada Bank. Terhadap eksposur risiko kredit to the specific credit risk exposure such as individual
spesifik seperti kredit perorangan, fasilitas antar bank credits, inter-bank facilities and others, the Bank
dan sebagainya, Bank melakukan evaluasi secara separately evaluates credit risk based on factors
tersendiri dengan menggunakan faktor yang dapat which may be different, according to the specific
saja berbeda, sesuai dengan karakteristik spesifik dari characteristics of each exposure. In managing credit
setiap jenis eksposur. Dalam mengelola risiko kredit, risk, the Bank has credit policies and standard
Bank telah memiliki kebijakan dan pedoman operation procedures that are enhanced periodically in
perkreditan, yang disempurnakan secara berkala, accordance with independent risk management
dengan tetap didasarkan pada prinsip pengelolaan principles based on Bank Indonesia regulations, and
risiko yang independen sesuai dengan peraturan Bank other external regulations.
Indonesia dan peraturan eksternal lainnya.
Pengendalian risiko kredit terkait penyediaan dana Control of the credit risks related to the provision of
dengan limit minimal tertentu harus melalui Komite funds above a certain minimum limit requires approval
Kebijakan Perkreditan. Dalam rangka pengendalian by the Credit Committee. In the comprehensive credit
risiko kredit secara komprehensif, Bank terus meninjau risk control, the Bank continuously reviews and
dan menyempurnakan pelaksanaan fungsi improves the credit risk control function which is
pengendalian risiko kredit yang dijalankan oleh unit conducted by the risk taking unit, among others, by
yang terekspos terhadap risiko diantaranya dengan establishing a credit analyst function in the branch.
pembentukan fungsi analis kredit di cabang.
Pengelolaan risiko kredit yang lebih khusus dilakukan Specific credit risk management is performed on the
atas portofolio kredit yang bermasalah. Upaya yang non-performing loans portfolio. Such efforts, among
dilakukan diantaranya adalah restrukturisasi fasilitas others, are restructuring of non-performing loans,
kredit yang bermasalah, pembentukan pencadangan providing allowances to cover potential losses, and
untuk menutup potensi kerugian, hingga pelaksanaan write-offs. Specific policy on non-performing loans
hapus buku. Kebijakan pengelolaan kredit bermasalah management process has been implemented,
telah dilaksanakan, termasuk pembentukan unit kerja including establishing special working units to handle
khusus untuk mengelola kredit bermasalah. such loans.
Bank telah menjalankan proses identifikasi, The Bank identifies, measures, monitors, and controls
pengukuran, pemantauan, dan pengendalian risiko risks which include credit risk profiles integrated in a
yang mencakup profil risiko kredit secara terintegrasi comprehensive risk management process.
dalam suatu proses manajemen risiko yang
komprehensif.
a. Risiko kredit maksimum a. Maximum credit risk
Untuk aset keuangan yang diakui di laporan For financial assets recognized in the statements
posisi keuangan, eksposur maksimum terhadap of financial position, the maximum exposure to
risiko kredit sama dengan nilai tercatatnya. credit risk equals their carrying amounts. For the
Untuk bank garansi yang diterbitkan, L/C dan bank guarantees issued and outstanding
SKBDN yang masih berjalan yang dapat revocable L/Cs and Domestic L/Cs, the maximum
dibatalkan, eksposur maksimum terhadap risiko exposure to credit risk is the maximum amount
kredit adalah nilai maksimum yang harus that the Bank has to pay if the obligations under
dibayarkan oleh Bank jika liabilitas atas bank the bank guarantees issued and outstanding
garansi, L/C, dan SKBDN tersebut terjadi. Untuk revocable L/Cs and Domestic L/Cs are called
fasilitas kredit kepada nasabah yang belum upon. For unused loans commitments granted to
digunakan, eksposur maksimum terhadap risiko customers, the maximum exposure to credit risk is
kredit adalah sebesar komitmen tersebut. the committed amount.
Eksposur maksimum Bank terhadap risiko kredit The Bank’s maximum exposure to credit risk of
untuk instrumen keuangan pada laporan posisi statements of financial position and administrative
keuangan dan rekening administrasi, dinilai accounts financial instruments, is valued without
tanpa memperhitungkan agunan yang dimiliki taking into account any collateral held or other
atau perlindungan kredit lainnya. credit enhancement.
151
Page 691
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. RISIKO KREDIT (lanjutan) 43. CREDIT RISK (continued)
b. Risiko konsentrasi kredit b. Credit concentration risk
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, the
pengungkapan risiko kredit maksimum disclosure of the maximum credit risk by
berdasarkan konsentrasi sebelum concentration without taking into account any
memperhitungkan agunan yang dimiliki dan collateral held and master netting agreements
perjanjian master netting adalah sebagai berikut: is as follows:
Konsentrasi risiko kredit berdasarkan geografis Concentration of credit risk by geography
31 Desember/
December 31,
2023
Jawa selain
Jawa Timur/
Jawa Timur/ Java other than Kalimantan/ Lain-lain/ Jumlah/
East Java East Java Sumatera Borneo Others Total
Posisi keuangan Financial position
Current accounts with
Giro pada Bank Indonesia - 7.971.412 - - - 7.971.412 Bank Indonesia
Current accounts with
Giro pada bank lain - 490.253 - - - 490.253 other banks
Penempatan pada Placements with
Bank Indonesia Bank Indonesia
dan bank lain 842.093 2.281.988 1.000.000 290.000 815.614 5.229.695 and other banks
Surat berharga Marketable securities
Biaya perolehan diamortisasi - 8.560.761 - - - 8.560.761 Amortized cost
Nilai wajar melalui Fair value through
pendapatan komprehensif other comprehensive
lain - 7.762.560 - - - 7.762.560 income
Surat berharga yang dijual Marketable securities sold under
dengan janji dibeli kembali - 8.303.663 - - - 8.303.663 repurchased agreement
Surat berharga yang dibeli Marketable securities purchased
dengan janji dijual kembali - 6.247.318 - - - 6.247.318 under resale agreement
Tagihan lainnya 223.138 - - - - 223.138 Other receivables
Kredit yang diberikan
dan pembiayaan syariah Loans and sharia financing
Modal kerja 11.440.125 2.842.481 604.895 - 2.973 14.890.474 Working capital
Investasi 4.236.832 2.670.923 282.259 472.895 - 7.662.909 Investment
Konsumsi 30.059.320 734.680 48.538 - 77 30.842.615 Consumption
Pendapatan bunga yang
masih akan diterima 665.717 16.610 2.458 730 219 685.734 Interest receivables
Jumlah 47.467.225 47.882.649 1.938.150 763.625 818.883 98.870.532 Total
Rekening administratif Administrative accounts
Fasilitas kredit Unused loans
kepada nasabah commitments granted
yang belum digunakan 2.875.686 872.815 6.195 15.569 - 3.770.265 to customers
Bank garansi yang Bank guarantees
diterbitkan 699.574 - - - - 699.574 issued
Jumlah 3.575.260 872.815 6.195 15.569 - 4.469.839 Total
152
Page 692
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. RISIKO KREDIT (lanjutan) 43. CREDIT RISK (continued)
b. Risiko konsentrasi kredit (lanjutan) b. Credit concentration risk (continued)
Konsentrasi risiko kredit berdasarkan geografis Concentration of credit risk by geography
(lanjutan) (continued)
31 Desember/
December 31,
2022
Jawa selain
Jawa Timur/
Jawa Timur/ Java other than Kalimantan/ Lain-lain/ Jumlah/
East Java East Java Sumatera Borneo Others Total
Posisi keuangan Financial position
Current accounts with
Giro pada Bank Indonesia - 10.786.740 - - - 10.786.740 Bank Indonesia
Current accounts with
Giro pada bank lain - 302.688 - - - 302.688 other banks
Penempatan pada Placements with
Bank Indonesia Bank Indonesia
dan bank lain 1.152.000 2.702.379 538.000 449.000 2.071.796 6.913.175 and other banks
Tagihan spot dan derivatif 361 - - - - 361 Spot and derivative receivables
Surat berharga Marketable securities
Biaya perolehan diamortisasi - 14.740.662 - - - 14.740.662 Amortized cost
Nilai wajar melalui Fair value through
pendapatan komprehensif other comprehensive
lain - 8.476.609 - - - 8.476.609 income
Surat berharga yang dijual Marketable securities sold under
dengan janji dibeli kembali - 4.095.066 - - - 4.095.066 repurchased agreement
Surat berharga yang dibeli Marketable securities purchased
dengan janji dijual kembali - 7.822.847 - - - 7.822.847 under resale agreement
Tagihan lainnya 286.147 - - - - 286.147 Other receivables
Kredit yang diberikan
dan pembiayaan syariah Loans and sharia financing
Modal kerja 8.483.137 1.014.245 677.316 - - 10.174.698 Working capital
Investasi 3.359.791 2.161.406 370.368 479.607 - 6.371.172 Investment
Konsumsi 28.151.362 143.306 37.289 70 148 28.332.175 Consumption
Pendapatan bunga yang
masih akan diterima 629.389 13.694 2.288 752 2 646.125 Interest receivables
Jumlah 42.062.187 52.259.642 1.625.261 929.429 2.071.946 98.948.465 Total
Rekening administratif Administrative accounts
Fasilitas kredit Unused loans
kepada nasabah commitments granted
yang belum digunakan 2.412.262 971.071 610 15.569 - 3.399.512 to customers
Bank garansi yang Bank guarantees
diterbitkan 1.019.766 - - - - 1.019.766 issued
Jumlah 3.432.028 971.071 610 15.569 - 4.419.278 Total
153
Page 693
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. RISIKO KREDIT (lanjutan) 43. CREDIT RISK (continued)
b. Risiko konsentrasi kredit (lanjutan) b. Credit concentration risk (continued)
Konsentrasi risiko kredit berdasarkan sektor Concentration of credit risk by industry sector
industri
31 Desember/
December 31,
2023
Pemerintah Lembaga
dan Bank keuangan
Indonesia/ bukan bank/ Perusahaan
Government Non-bank lainnya/
and Bank financial Other Perseorangan/ Jumlah/
Indonesia institutions Banks companies Individuals Total
Posisi keuangan Financial position
Current accounts with
Giro pada Bank Indonesia 7.971.412 - - - - 7.971.412 Bank Indonesia
Current accounts with
Giro pada bank lain - - 490.253 - - 490.253 other banks
Penempatan pada Placements with
Bank Indonesia Bank Indonesia
dan bank lain 5.229.695 - - - - 5.229.695 and other banks
Surat berharga Marketable securities
Biaya perolehan diamortisasi 5.890.446 - 463.025 2.207.290 - 8.560.761 Amortized cost
Nilai wajar melalui Fair value through
pendapatan komprehensif other comprehensive
lain 7.762.560 - - - - 7.762.560 income
Surat berharga yang dijual Marketable securities sold under
dengan janji dibeli kembali 8.303.663 - - - - 8.303.663 repurchased agreement
Surat berharga yang dibeli Marketable securities purchased
dengan janji dijual kembali - - 6.247.318 - - 6.247.318 under resale agreement
Tagihan lainnya - - - - 223.138 223.138 Other receivables
Kredit yang diberikan
dan pembiayaan syariah Loans and sharia financing
Modal kerja 105.418 351.676 1.219.950 3.516.283 9.697.147 14.890.474 Working capital
Investasi 1.111 6.137 - 5.088.634 2.567.027 7.662.909 Investment
Konsumsi - 2.671 7.376 608.137 30.224.431 30.842.615 Consumption
Pendapatan bunga yang
masih akan diterima 275 2.389 2.281 33.110 647.679 685.734 Interest receivables
Jumlah 35.264.580 362.873 8.430.203 11.453.454 43.359.422 98.870.532 Total
Rekening administratif Administrative accounts
Fasilitas kredit Unused loans
kepada nasabah commitments granted
yang belum digunakan - - 65.971 - 3.704.294 3.770.265 to customers
Bank garansi yang Bank guarantees
diterbitkan - - - - 699.574 699.574 issued
Jumlah - - 65.971 - 4.403.868 4.469.839 Total
154
Page 694
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. RISIKO KREDIT (lanjutan) 43. CREDIT RISK (continued)
b. Risiko konsentrasi kredit (lanjutan) b. Credit concentration risk (continued)
Konsentrasi risiko kredit berdasarkan sektor Concentration of credit risk by industry sector
industri (lanjutan) (continued)
='1. Neraca Aktiva'!F2
December 31,
2022
Pemerintah Lembaga
dan Bank keuangan
Indonesia/ bukan bank/ Perusahaan
Government Non-bank lainnya/
and Bank financial Other Perseorangan/ Jumlah/
Indonesia Banks institutions companies Individuals Total
Posisi keuangan Financial position
Current accounts with
Giro pada Bank Indonesia 10.786.740 - - - - 10.786.740 Bank Indonesia
Current accounts with
Giro pada bank lain - - 302.688 - - 302.688 other banks
Penempatan pada Placements with
Bank Indonesia Bank Indonesia
dan bank lain 6.913.175 - - - - 6.913.175 and other banks
Tagihan spot derivatif - - 361 - - 361 Spot derivative receivables
Surat berharga Marketable securities
Biaya perolehan diamortisasi 12.425.335 - 327.018 1.988.309 - 14.740.662 Amortized cost
Nilai wajar melalui Fair value through
pendapatan komprehensif other comprehensive
lain 8.476.609 - - - - 8.476.609 income
Surat berharga yang dijual Marketable securities sold under
dengan janji dibeli kembali 4.095.066 - - - - 4.095.066 repurchased agreement
Surat berharga yang dibeli Marketable securities purchased
dengan janji dijual kembali - - 7.822.847 - - 7.822.847 under resale agreement
Tagihan lainnya - - - - 286.147 286.147 Other receivables
Kredit yang diberikan
dan pembiayaan syariah Loans and sharia financing
Modal kerja 177.813 327.211 315.826 2.937.209 6.416.639 10.174.698 Working capital
Investasi 5.662 1.436 - 4.828.916 1.535.158 6.371.172 Investment
Konsumsi - 1.000 3.897 14.773 28.312.505 28.332.175 Consumption
Pendapatan bunga yang
masih akan diterima 433 2.025 535 41.024 602.108 646.125 Interest receivables
Jumlah 42.880.833 331.672 8.773.172 9.810.231 37.152.557 98.948.465 Total
Rekening administratif Administrative accounts
Fasilitas kredit Unused loans
kepada nasabah commitments granted
yang belum digunakan - - 132.932 - 3.266.580 3.399.512 to customers
Bank garansi yang Bank guarantees
diterbitkan - - - - 1.019.766 1.019.766 issued
Jumlah - - 132.932 - 4.286.346 4.419.278 Total
c. Agunan dan perlindungan kredit lainnya c. Collateral and other credit enhancements
Bank telah memiliki buku pedoman tentang cara The Bank has a guidebook on how to value the
menilai dan jenis jaminan yang bisa diterima type of collateral that can be accepted as credit
sebagai mitigasi risiko kredit. Beberapa agunan risk mitigation. Some major collateral obtained
utama yang diperoleh adalah tanah, bangunan includes land, buildings and vehicles. The Bank
dan kendaraan. Bank juga memiliki beberapa also has certain credit facilities guaranteed by
fasilitas kredit yang mendapat penjaminan dari third parties.
pihak ketiga.
Umumnya, agunan diperlukan untuk setiap Generally, collateral is required for all credits
pemberian kredit sebagai sumber sekunder extended as a secondary source of credit
pelunasan kredit dan sebagai salah satu bentuk repayment and also as a form of credit risk
mitigasi risiko kredit. Sumber utama pelunasan mitigation. The primary source of credit
kredit adalah dari hasil usaha debitur. repayment is the funds generated from business
operations of the borrowers.
155
Page 695
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. RISIKO KREDIT (lanjutan) 43. CREDIT RISK (continued)
d. Kualitas aset keuangan d. Quality of financial assets
Bank telah memiliki kebijakan yang telah The Bank has a policy that has been
diterapkan secara konsisten untuk pemeringkatan consistently applied for risk assessment of the
risiko atas portofolio aset keuangan. Sistem financial asset portfolio. This rating system is
peringkat ini didukung oleh berbagai analisis supported by a variety of financial analyses,
keuangan, dikombinasikan dengan informasi combined with market information that has
pasar yang telah diolah guna pengukuran risiko been processed for the measurement of
pihak lawan. Semua peringkat risiko disesuaikan counterparty risk. All risk ratings are adjusted to
dengan berbagai kategori dan ditentukan sesuai the various categories and ranks as determined
dengan panduan peringkat Bank Indonesia. in accordance with the Bank Indonesia’s rating
guidance.
e. Evaluasi penurunan nilai e. Impairment assessment
Pengukuran risiko kredit Credit risk measurement
Estimasi eksposur kredit untuk tujuan manajemen The estimation of credit exposure for risk
risiko adalah kompleks dan mensyaratkan management purposes is complex and requires
penggunaan model, karena eksposur yang the use of models, as the exposure varies with
bervariasi dengan perubahan kondisi pasar, arus changes in market conditions, expected cash
kas ekspektasian dan berlalunya waktu. Penilaian flows and the passage of time. The assessment
risiko kredit dari portofolio aset memerlukan of credit risk of a portfolio of assets entails
estimasi lebih lanjut mengenai kemungkinan further estimations as to the likelihood of
terjadinya gagal bayar, rasio kerugian terkait dan defaults occurring, of the associated loss ratios
korelasi gagal bayar antara pihak lawan. Bank and of default correlations between
mengukur risiko kredit menggunakan Probability counterparties. The Bank measures credit risk
of Default (PD), Exposure at Default (EAD) dan using Probability of Default (PD), Exposure at
Loss Given Default (LGD). Hal ini sama dengan Default (EAD) and Loss Given Default (LGD).
pendekatan yang digunakan untuk tujuan This is similar to the approach used for the
mengukur Kerugian Kredit Ekspektasian (ECL) purposes of measuring Expected Credit Loss
berdasarkan PSAK 71. (ECL) under PSAK 71.
Pengukuran kerugian kredit ekspektasian Expected credit loss measurement
PSAK 71 mengikhtisarkan model “tiga tahap” PSAK 71 outlines a “three-stage” model for
untuk penurunan nilai berdasarkan perubahan impairment based on changes in credit quality
kualitas kredit sejak pengakuan awal seperti since initial recognition as summarised below:
diikhtisarkan di bawah ini:
- Instrumen keuangan yang tidak mengalami - A financial instrument that is not credit-
penurunan nilai pada pengakuan awal impaired on initial recognition is classified
diklasifikasikan ke dalam “Tahap 1” dan risiko in ‘Stage 1’ and has its credit risk
kreditnya terus dipantau oleh Bank. continuously monitored by the Bank.
- Jika peningkatan signifikan dalam risiko - If a significant increase in credit risk (SICR)
kredit (SICR) sejak pengakuan awal since initial recognition is identified, the
diidentifikasi, instrumen keuangan financial instrument is moved to ‘Stage 2’
dipindahkan ke “Tahap 2” tetapi belum diakui but is not yet deemed to be credit-
sebagai kredit yang mengalami penurunan impaired.
nilai.
- Jika instrumen keuangan mengalami - If the financial instrument is credit-
penurunan nilai, instrumen keuangan impaired, the financial instrument is then
kemudian dipindahkan ke “Tahap 3”. moved to “Stage 3”.
- Instrumen keuangan pada Tahap 1 memiliki - Financial instruments in Stage 1 have their
ECL yang diukur pada jumlah yang sama ECL measured at an amount equal to the
dengan bagian dari kerugian kredit portion of lifetime expected credit losses
ekspektasian sepanjang umurnya yang that result from default events possible
dihasilkan dari peristiwa gagal bayar yang within the next 12 months. Instruments in
mungkin terjadi dalam 12 bulan ke depan. Stages 2 or 3 have their ECL measured
Instrumen dalam Tahap 2 atau 3 ECL diukur based on expected credit losses on a
berdasarkan pada kerugian kredit lifetime basis.
ekspektasian sepanjang umurnya.
156
Page 696
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. RISIKO KREDIT (lanjutan) 43. CREDIT RISK (continued)
e. Evaluasi penurunan nilai (lanjutan) e. Impairment assessment (continued)
Pengukuran kerugian kredit ekspektasian Expected credit loss measurement
(lanjutan) (continued)
PSAK 71 mengikhtisarkan model “tiga tahap” PSAK 71 outlines a “three-stage” model for
untuk penurunan nilai berdasarkan perubahan impairment based on changes in credit quality
kualitas kredit sejak pengakuan awal seperti since initial recognition as summarised below
diikhtisarkan di bawah ini (lanjutan): (continued):
- Konsep pervasif dalam mengukur ECL - A pervasive concept in measuring ECL in
sesuai dengan PSAK 71 adalah bahwa accordance with PSAK 71 is that it should
konsep tersebut harus mempertimbangkan consider forward-looking information.
informasi perkiraan masa depan.
- Aset keuangan yang dibeli atau yang berasal - Purchased or originated credit-impaired
dari aset keuangan yang memburuk adalah financial assets are those financial assets
aset keuangan yang mengalami penurunan that are credit-impaired on initial
nilai pada saat pengakuan awal. ECL selalu recognition. Their ECL is always measured
diukur sepanjang umurnya (Tahap 3). on a lifetime basis (Stage 3).
Peningkatan signifikan pada risiko kredit Significant increase in credit risk (SICR)
(SICR)
Bank mempertimbangkan instrumen keuangan The Bank consider a financial instrument to
telah mengalami peningkatan risiko kredit yang have experienced significant increase in credit
signifikan ketika peminjam menunggak risk when the borrower is more than 30 days
pembayaran kontraktualnya lebih dari 30 hari. past due on its contractual payments.
Definisi gagal bayar dan aset yang mengalami Definition of default and credit-impaired
penurunan nilai kredit assets
Bank mendefinisikan instrumen keuangan The Bank defines a financial instrument as in
sebagai gagal bayar, yang sepenuhnya sesuai default, which is fully aligned with the definition
dengan definisi kredit yang mengalami penurunan of credit-impaired, when it meets one or more of
nilai, ketika memenuhi satu atau lebih kriteria the following criteria:
berikut:
Kriteria kuantitatif Quantitative criteria
Peminjam yang tertunggak lebih dari 90 hari atas The borrower is more than 90 days past due on
pembayaran kontraktualnya. its contractual payments.
Kriteria kualitatif Qualitative criteria
Peminjam memenuhi kriteria tidak mampu The borrower meets unlikeliness to pay criteria,
membayar, yang menunjukkan peminjam dalam which indicates the borrower is in significant
kesulitan keuangan yang signifikan, sebagaimana financial difficulty, as described in (Note 2m).
dijelaskan pada Catatan 2m.
Kriteria tersebut telah diterapkan pada semua The criteria have been applied to all financial
instrumen keuangan yang dimiliki oleh Bank dan instruments held by the Bank and are consistent
konsisten dengan definisi gagal bayar yang with the definition of default used for internal
digunakan untuk tujuan manajemen risiko kredit credit risk management purposes. The default
internal. Definisi gagal bayar telah diterapkan definition has been applied consistently to
secara konsisten untuk model Probability of model the Probability of Default (PD), Exposure
Default (PD), Exposure at Default (EAD) dan Loss at Default (EAD) and Loss given Default (LGD)
Given Default (LGD) sepanjang perhitungan throughout the Bank’s expected loss
kerugian ekspektasian Bank. calculations.
157
Page 697
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. RISIKO KREDIT (lanjutan) 43. CREDIT RISK (continued)
e. Evaluasi penurunan nilai (lanjutan) e. Impairment assessment (continued)
Definisi gagal bayar dan aset yang mengalami Definition of default and credit-impaired
penurunan nilai kredit (lanjutan) assets (continued)
Kriteria kualitatif (lanjutan) Qualitative criteria (continued)
Pertimbangan utama dalam melakukan evaluasi The main considerations for the loan
penurunan nilai kredit yang diberikan khususnya impairment assessment include whether any
pembayaran pokok atau bunga yang jatuh tempo payments of principal or interest are overdue by
lebih dari 90 hari atau terdapat kesulitan atau more than 90 days or there are any known
pelanggaran dari persyaratan yang terdapat difficulties, or non-compliance of the original
dalam kontrak awal. Bank melakukan evaluasi terms of the contract. The Bank evaluates
penurunan nilai dengan dua metode yaitu impairment assessments using two methods:
evaluasi penurunan nilai secara individual dan individual and collective impairment
kolektif. assessment.
Bank menentukan penyisihan kerugian The Bank determines the allowances for
penurunan nilai secara individual untuk masing- impairment losses for each significant loan on
masing kredit yang diberikan yang signifikan. an individual basis.
Hal-hal yang dipertimbangkan dalam menentukan Items considered when determining allowance
jumlah penyisihan kerugian penurunan nilai for impairment losses include the sustainability
antara lain kemampuan debitur untuk of the debtors’ business plan, its ability to
memperbaiki kinerja saat menghadapi kesulitan improve performance once a financial difficulty
keuangan, proyeksi penerimaan dan ekspektasi has arisen, projected receipts and the expected
pengeluaran saat terjadi kepailitan, ketersediaan payout should bankruptcy occurs, the
dukungan keuangan lainnya, termasuk klaim availability of other financial support, including
terhadap pihak asuransi, nilai agunan yang dapat claim for the insurance party, the realizability of
direalisasikan, dan ekspektasi waktu diperolehnya collateral, and the timing of expected cash
arus kas. flows.
Penyisihan kerugian penurunan nilai dievaluasi The allowance for impairment losses is
setiap tanggal pelaporan. Sedangkan evaluasi evaluated at each reporting date. The
penyisihan kerugian penurunan nilai secara allowance for impairment losses based on
kolektif dilakukan atas kredit yang diberikan yang collective evaluation is made for the loans
tidak signifikan secara individual. Namun bila ada which are not individually significant. But if
bukti obyektif penurunan nilai khususnya there is objective evidence of impairment or
pembayaran pokok atau bunga menunggak lebih certain principal payment or interest are
dari 90 hari, sistem akan menghitung penurunan outstanding for more than 90 days, the system
nilai secara individual. will calculate the individual impairment.
Mengukur ECL - Penjelasan input, asumsi dan Measuring ECL – Explanation of inputs,
teknik estimasi assumptions and estimation techniques
Kerugian Kredit Ekspektasian (ECL) diukur pada The Expected Credit Loss (ECL) is measured
basis 12 bulan atau sepanjang umurnya on either a 12-month or Lifetime basis
tergantung apakah peningkatan signifikan dalam depending on whether a significant increase in
risiko kredit telah terjadi sejak pengakuan awal credit risk has occurred since initial recognition
atau apakah suatu aset dianggap telah or whether an asset is considered to be credit-
mengalami penurunan nilai. Kerugian kredit impaired. Expected credit losses are the
ekspektasian adalah hasil diskonto dari PD, EAD, discounted product of the PD, EAD, and LGD,
dan LGD, didefinisikan sebagai berikut: defined as follows:
- PD mewakili kemungkinan peminjam gagal - The PD represents the likelihood of a
bayar atas kewajiban keuangannya (sesuai borrower defaulting on its financial
“definisi default dan kredit yang mengalami obligation (as per “definition of default and
penurunan nilai” di atas), baik selama 12 credit-impaired” above), either over the
bulan ke depan, atau selama sisa umurnya next 12 months, or over the remaining
(PD sepanjang umurnya) dari kewajiban. lifetime (lifetime PD) of the obligation.
158
Page 698
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. RISIKO KREDIT (lanjutan) 43. CREDIT RISK (continued)
e. Evaluasi penurunan nilai (lanjutan) e. Impairment assessment (continued)
Mengukur ECL - Penjelasan input, asumsi dan Measuring ECL – Explanation of inputs,
teknik estimasi (lanjutan) assumptions and estimation techniques
(continued)
- EAD didasarkan pada jumlah yang - EAD is based on the amounts the Bank
diharapkan dari Bank pada saat gagal bayar, expects to be owed at the time of default,
selama 12 bulan ke depan atau selama sisa over the next 12 months or over the
umurnya (lifetime EAD). Misalnya, untuk remaining lifetime (lifetime EAD). For
komitmen revolving, Bank memasukkan example, for a revolving commitment, the
saldo yang ditarik saat ini ditambah jumlah Bank includes the current drawn balance
yang diharapkan akan ditarik hingga batas plus any further amount that is expected to
kontrak pada saat gagal bayar, jika hal itu be drawn up to the current contractual limit
terjadi. by the time of default, should it occur.
- (LGD) mewakili ekspektasi Bank tentang - (LGD) represents the Bank’s expectation
tingkat kerugian pada eksposur gagal bayar. of the extent of loss on a defaulted
LGD dinyatakan sebagai persentase exposure. LGD is expressed as a
kerugian per unit eksposur pada saat gagal percentage loss per unit of exposure at the
bayar (EAD). time of default (EAD).
ECL ditentukan dengan memproyeksikan PD, The ECL is determined by projecting the PD,
LGD dan EAD untuk setiap bulan berikutnya dan LGD and EAD for each future month and for
untuk setiap eksposur individu atau segmen each individual exposure or collective segment.
kolektif. Tiga komponen ini dikalikan bersama. These three components are multiplied
Perhitungan efektif ECL ini dilakukan untuk setiap together. This effectively calculates an ECL for
bulan berikutnya, yang kemudian didiskontokan each future month, which is then discounted
kembali ke tanggal pelaporan dan dijumlahkan. back to the reporting date and summed. The
Tingkat diskonto yang digunakan pada discount rate used in the ECL calculation is the
perhitungan ECL adalah suku bunga efektif awal original effective interest rate or an
atau perkiraannya. approximation thereof.
PD sepanjang umurnya dikembangkan dengan The Lifetime PD is developed by applying a
menerapkan profil jatuh tempo ke PD 12 bulan maturity profile to the current 12 months PD.
saat ini. Profil jatuh tempo melihat bagaimana The maturity profile looks at how defaults
gagal bayar muncul pada portofolio dari titik develop on a portfolio from the point of initial
pengakuan awal sepanjang masa umur pinjaman. recognition throughout the lifetime of the loans.
Profil jatuh tempo didasarkan pada data historis The maturity profile is based on historical
yang diamati dan diasumsikan sama pada semua observed data and is assumed to be the same
aset dalam portofolio dan peringkat kredit. Hal ini across all assets within a portfolio and credit
telah didukung oleh analisis historis. grade band. This is supported by historical
analysis.
159
Page 699
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. RISIKO KREDIT (lanjutan) 43. CREDIT RISK (continued)
e. Evaluasi penurunan nilai (lanjutan) e. Impairment assessment (continued)
Mengukur ECL - Penjelasan input, asumsi dan Measuring ECL – Explanation of inputs,
teknik estimasi (lanjutan) assumptions and estimation techniques
(continued)
EAD 12 bulan dan sepanjang umurnya ditentukan The 12 month and lifetime EADs are
berdasarkan profil pembayaran yang diharapkan, determined based on the expected payment
yang bervariasi berdasarkan jenis produk. profile, which varies by product type.
- Untuk produk yang diamortisasi dan - For amortising products and bullet
pinjaman dengan pembayaran di akhir, repayment loans, this is based on the
didasarkan pada pembayaran kontraktual contractual repayments owed by the
yang terutang oleh peminjam selama 12 borrower over a 12 month or lifetime
bulan atau sepanjang umurnya. Hal ini juga basis. This will also be adjusted for any
akan disesuaikan dengan pembayaran lebih expected overpayments made by a
yang diharapkan dari peminjam. Asumsi borrower. Early repayment/refinance
pembayaran/pembiayaan kembali lebih awal assumptions are also incorporated into the
juga dimasukkan ke dalam perhitungan. calculation.
- Untuk produk revolving, eksposur pada gagal - For revolving products, the exposure at
bayar diperkirakan dengan mengambil saldo default is predicted by taking current
saat ini yang telah ditarik dan menambahkan drawn balance and adding a “credit
"faktor konversi kredit" yang diharapkan conversion factor” which allows for the
untuk ditarik dari batas yang tersisa pada expected drawdown of the remaining limit
saat gagal bayar. Asumsi-asumsi ini by the time of default. These assumptions
bervariasi berdasarkan jenis produk dan vary by product type and current limit
batasan pemanfaatan limit, berdasarkan utilisation band, based on analysis of the
analisis dari data standar terkini Bank. Bank’s recent default data.
LGD ditentukan berdasarkan faktor-faktor yang The LGDs are determined based on the factors
mempengaruhi pemulihan yang dibuat pasca which impact the recoveries made post default.
gagal bayar. Hal ini bervariasi berdasarkan jenis These vary by product type. These LGD’s are
produk. LGD ini dipengaruhi oleh strategi influenced by collection strategies, including
penagihan, termasuk penjualan dan harga utang contracted debt sales and price.
kontraktual.
Perkiraan informasi ekonomi masa depan Forward-looking economic information is also
(forward-looking) juga termasuk dalam included in determining the 12 month and
menentukan PD 12 bulan dan sepanjang lifetime PD, EAD and LGD. These assumptions
umurnya, EAD dan LGD. Asumsi-asumsi ini vary by product type.
bervariasi berdasarkan jenis produk.
Asumsi yang mendasari perhitungan ECL seperti The assumptions underlying the ECL
bagaimana profil PD dan lain-lain dipantau dan calculation- such as how the maturities profile
ditelaah setiap tahun. of the PDs abd others – are monitored and
reviewed on a yearly basis.
Tidak ada perubahan signifikan dalam teknik There have been no significant changes in
estimasi atau asumsi signifikan yang dibuat estimation techniques or significant
selama periode pelaporan. assumptions made during the reporting period.
Informasi perkiraan masa depan yang Forward-looking information incorporated in
tergabung dalam model ECL the ECL models
Penilaian SICR dan perhitungan ECL keduanya The assessment of SICR and the calculation of
menggabungkan informasi berwawasan ke ECL both incorporate forward-looking
depan. Bank telah melakukan analisis historis dan information. The Bank has performed historical
mengidentifikasi variabel ekonomi utama yang analysis and identified the key economic
berdampak pada risiko kredit dan kerugian kredit variables impacting credit risk and expected
yang diperkirakan untuk masing-masing credit losses for each portfolio.
portofolio.
160
Page 700
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. RISIKO KREDIT (lanjutan) 43. CREDIT RISK (continued)
e. Evaluasi penurunan nilai (lanjutan) e. Impairment assessment (continued)
Informasi perkiraan masa depan yang Forward-looking information incorporated in
tergabung dalam model ECL (lanjutan) the ECL models (continued)
Variabel ekonomi ini dan dampaknya yang terkait These economic variables and their associated
pada PD, EAD dan LGD bervariasi menurut impact on the PD, EAD and LGD vary by
instrumen keuangan. Perkiraan variabel-variabel financial instrument. Forecasts of these
ekonomi ini (skenario ekonomi dasar) disediakan economic variables (the base economic
oleh Bank setiap tahun dan memberikan scenario) are provided by the Bank on a
pandangan estimasi ekonomi terbaik selama 3 quarterly basis and provide the best estimate
(tiga) tahun ke depan. Dampak dari variabel- view of the economy over the next 3 (three)
variabel ekonomi ini pada PD, EAD dan LGD years. The impact of these economic variables
telah ditentukan dengan melakukan analisis on the PD, EAD and LGD has been determined
regresi statistik untuk memahami dampak by performing statistical regression analysis to
perubahan dalam variabel-variabel ini secara understand the impact changes in these
historis pada tingkat standar dan pada variables have had historically on default rates
komponen-komponen LGD dan EAD. and on the components of LGD and EAD.
Selain skenario ekonomi, Bank juga menyediakan In addition to the base economic scenario, the
skenario lain yang memungkinkan beserta bobot Bank’s Economics team also provide other
skenario. Jumlah skenario lain yang digunakan possible scenarios along with scenario
ditetapkan berdasarkan analisis setiap jenis weightings. The number of other scenarios used
produk utama untuk memastikan non-linearitas is set based on the analysis of each major
diketahui. Jumlah skenario dan atributnya dinilai product type to ensure non-linearities are
kembali pada setiap tanggal pelaporan. Bobot captured. The number of scenarios and their
skenario ditentukan oleh kombinasi analisis attributes are reassessed at each reporting
statistik dan analisa kredit, dengan date. The scenario weightings are determined
mempertimbangkan kisaran hasil yang mungkin by a combination of statistical analysis and
masing-masing skenario yang dipilih mewakili. expert credit judgement, taking account of the
range of possible outcomes each chosen
scenario is representative of.
Penilaian SICR dilakukan dengan menggunakan The assessment of SICR is performed using the
PD sepanjang umurnya di masing-masing basis, Lifetime PD under each of the base, and the
dan skenario lainnya, dikalikan dengan other scenarios, multiplied by the associated
pembobotan skenario terkait. Hal ini menentukan scenario weighting. This determines whether
apakah seluruh instrumen keuangan berada the whole financial instrument is in Stage 1,
dalam Tahap 1, Tahap 2, atau Tahap 3 dan Stage 2, or Stage 3 and hence whether 12-
karenanya apakah ECL 12 bulan atau sepanjang month or lifetime ECL should be recorded.
umurnya harus dicatat. Setelah penilaian ini, Following this assessment, the Bank measures
Bank mengukur ECL sebagai probabilitas ECL as either a probability weighted 12 month
tertimbang ECL 12 bulan (Tahap 1), atau ECL (Stage 1), or a probability weighted lifetime
probabilitas tertimbang ECL sepanjang umurnya ECL (Stages 2 and 3). These probability-
(Tahap 2 dan 3). Probabilitas ECL terbobot ini weighted ECLs are determined by running each
ditentukan dengan menjalankan setiap skenario scenario through the relevant ECL model and
melalui model ECL yang relevan dan multiplying it by the appropriate scenario
mengalikannya dengan pembobotan skenario weighting.
yang sesuai.
161
Page 701
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. RISIKO KREDIT (lanjutan) 43. CREDIT RISK (continued)
e. Evaluasi penurunan nilai (lanjutan) e. Impairment assessment (continued)
Asumsi variabel ekonomi Economic variable assumptions
Seperti halnya perkiraan ekonomi, proyeksi dan As with any economic forecasts, the projections
kemungkinan terjadinya tunduk pada tingkat and likelihoods of occurrence are subject to a
ketidakpastian bawaan yang tinggi dan oleh high degree of inherent uncertainty and
karena itu hasil aktual memungkinkan berbeda therefore the actual outcomes may be
secara signifikan dengan yang diproyeksikan. significantly different to those projected. The
Bank menganggap ramalan ini untuk mewakili Bank considers these forecasts to represent its
perkiraan terbaik dari hasil yang mungkin dan best estimate of the possible outcomes and has
telah menganalisis non-linearitas dan asimetri analysed the non-linearities and asymmetries
dalam portofolio Bank yang berbeda untuk within the Bank’s different portfolios to establish
menetapkan bahwa skenario yang dipilih tepat that the chosen scenarios are appropriately
mewakili berbagai skenario yang memungkinkan. representative of the range of possible
scenarios.
Penyisihan kerugian Loss allowance
Penyisihan kerugian yang diakui pada periode The loss allowance recognized in the period is
tersebut dipengaruhi oleh berbagai faktor, seperti impacted by a variety of factors, as described
dijelaskan di bawah ini: below:
- Transfer antara Tahap 1 dan Tahap 2 atau 3 - Transfers between Stage 1 and Stages 2 or
karena instrumen keuangan mengalami 3 due to financial instruments experiencing
peningkatan (atau penurunan) risiko kredit significant increases (or decreases) of credit
yang signifikan atau menjadi kredit yang risk or becoming credit-impaired in the
mengalami penurunan nilai dalam periode period, and the consequent “step up” (or
tersebut, dan akibatnya “peningkatan” (atau “step down”) between 12-month and
“penurunan”) antara 12 bulan dan ECL Lifetime ECL;
sepanjang umurnya;
- Penyisihan tambahan untuk instrumen - Additional allowances for new financial
keuangan baru yang diakui selama periode instruments recognized during the period,
berjalan, serta penghentian pengakuan as well as releases for financial instruments
instrumen keuangan pada periode tersebut; de-recognized in the period;
- Dampak pada pengukuran ECL karena - Impact on the measurement of ECL due to
perubahan PD, EAD dan LGD pada periode changes in PDs, EADs and LGDs in the
tersebut, yang timbul dari perubahan input period, arising from regular refreshing of
secara rutin ke model; inputs to models;
- Dampak pada pengukuran ECL karena - Impacts on the measurement of ECL due to
perubahan yang dilakukan pada model dan changes made to models and assumptions;
asumsi; dan and
- Aset keuangan dihentikan pengakuannya - Financial assets derecognized during the
selama periode berjalan dan penghapusan period and write-offs of allowances related
cadangan terkait dengan aset yang to assets that were written off during the
dihapusbukukan selama periode berjalan. period.
162
Page 702
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. RISIKO KREDIT (lanjutan) 43. CREDIT RISK (continued)
e. Evaluasi penurunan nilai (lanjutan) e. Impairment assessment (continued)
Kebijakan penghapusbukuan Write-off policy
Bank menghapus aset keuangan, seluruhnya The Bank writes off financial assets, in whole or
atau sebagian, ketika telah melakukan semua in part, when it has exhausted all practical
upaya pemulihan dan telah menyimpulkan bahwa recovery efforts and has concluded there is no
tidak ada ekspektasi yang wajar atas pemulihan. reasonable expectation of recovery. Indicators
Indikator bahwa tidak ada ekspektasi pemulihan that there is no reasonable expectation of
yang masuk akal termasuk (i) menghentikan recovery include (i) ceasing enforcement activity
aktivitas proses hukum dan (ii) ketika metode and (ii) where the Bank’s recovery method is
pemulihan Bank adalah pengambilalihan agunan foreclosing on collateral and the value of the
dan nilai agunan sedemikian rupa sehingga tidak collateral is such that there is no reasonable
ada ekspektasi yang wajar untuk pemulihan expectation of recovering in full.
sepenuhnya.
Bank dapat menghapusbukukan aset keuangan The Bank may write-off financial assets that are
yang masih mengacu pada enforcement activity. still subject to enforcement activity. The
Jumlah saldo kontraktual dari aset yang outstanding contractual amounts of such assets
dihapusbukukan selama tahun yang berakhir written off during the year ended December 31,
pada tanggal 31 Desember 2023 adalah 2023 was Rp629,551. The Bank still seeks to
Rp629.551. Bank masih berupaya untuk recover amounts it is legally owed in full.
memulihkan jumlah yang secara legal terutang
sepenuhnya.
Modifikasi aset keuangan Modification of financial assets
Bank dapat melakukan modifikasi persyaratan The Bank sometimes modifies the terms of
pinjaman yang diberikan kepada pelanggan loans provided to customers due to commercial
karena negosiasi ulang, atau untuk pinjaman renegotiations, or for distressed loans, with a
yang bermasalah, dengan maksud untuk view to maximising recovery.
memaksimalkan pemulihan.
Kegiatan restrukturisasi tersebut termasuk Such restructuring activities include extended
pengaturan perpanjangan jangka waktu payment term arrangements, payment holidays
pembayaran, fleksibilitas pembayaran dan and payment forgiveness. Restructuring policies
keringanan pembayaran. Kebijakan dan praktik and practices are based on indicators or criteria
restrukturisasi didasarkan pada indikator atau which, in the judgement of management,
kriteria yang, menurut penilaian manajemen, indicate that payment will most likely continue.
mengindikasikan bahwa pembayaran These policies are kept under continuous
kemungkinan besar akan berlanjut. Kebijakan ini review. Restructuring is most commonly applied
terus ditinjau terus menerus. Restrukturisasi to term loans.
paling sering diterapkan pada pinjaman
berjangka.
163
Page 703
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. RISIKO KREDIT (lanjutan) 43. CREDIT RISK (continued)
e. Evaluasi penurunan nilai (lanjutan) e. Impairment assessment (continued)
Modifikasi aset keuangan (lanjutan) Modification of financial assets (continued)
Risiko gagal bayar aset tersebut setelah The risk of default of such assets after
modifikasi dinilai pada tanggal pelaporan dan modification is assessed at the reporting date
dibandingkan dengan risiko berdasarkan and compared with the risk under the original
ketentuan awal pada saat pengakuan awal, ketika terms at initial recognition, when the
modifikasi tersebut tidak substansial sehingga modification is not substantial and so does not
tidak mengakibatkan penghentian pengakuan result in derecognition of the original asset.
aset awal. Bank memantau kinerja selanjutnya The Bank monitors the subsequent
dari aset yang dimodifikasi. Bank dapat performance of modified assets. The Bank may
menentukan bahwa risiko kredit telah meningkat determine that the credit risk has significantly
secara signifikan setelah restrukturisasi, sehingga improved after restructuring, so that the assets
aset dipindahkan dari Tahap 3 atau Tahap 2 (ECL are moved from Stage 3 or Stage 2 (Lifetime
sepanjang umurnya) ke Tahap 1 (ECL 12 bulan). ECL) to Stage 1 (12-month ECL).
Bank terus memantau jika terdapat peningkatan The Bank continues to monitor if there is a
risiko kredit berikutnya yang signifikan subsequent significant increase in credit risk in
sehubungan dengan aset tersebut melalui relation to such assets through the use of
penggunaan model spesifik untuk aset yang specific models for modified assets.
dimodifikasi.
Pemetaan risiko kredit – Treasury Credit risk grading – Treasury
Untuk instrumen utang dalam portofolio Treasury, For debt securities in the Treasury portfolio,
peringkat kredit lembaga pemeringkat eksternal external rating agency credit grade are used.
digunakan. Peringkat yang digunakan ini diamati These published grades are continuously
dan diperbarui secara berkelanjutan. Tingkat PD monitored and updated. The PD's associated
terkait didasarkan pada tingkat gagal bayar yang with each grade are determined based on
terealisasi seperti yang diterbitkan oleh lembaga realised default rates as published by the rating
pemeringkat. agency.
Metode pemeringkatan Bank terdiri dari 25 tingkat The Bank's rating method comprises 25 rating
peringkat. Skala master memberikan masing- levels. The master scale assigns each rating
masing kategori peringkat kisaran probabilitas category a specified range of probabilities of
gagal bayar yang ditentukan, yang stabil dari default, which is stable over time. The rating
waktu ke waktu. Metode penilaian tunduk pada methods are subject to an annual validation
validasi dan kalibrasi ulang tahunan sehingga and recalibration so that they reflect the latest
mencerminkan proyeksi terbaru mengingat projections in the light of all actually observed
semua standar yang sebenarnya diamati. default.
164
Page 704
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. RISIKO KREDIT (lanjutan) 43. CREDIT RISK (continued)
e. Evaluasi penurunan nilai (lanjutan) e. Impairment assessment (continued)
Kredit yang diberikan dan pembiayaan syariah Loans and sharia financing
Berikut ini adalah risiko kredit berdasarkan Below are credit risks based on the
klasifikasi evaluasi penurunan nilai pada allowance for impairment losses
tanggal 31 Desember 2023 dan 2022: assessment classification as of December
31, 2023 and 2022:
31 Desember/
December 31,
2023
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Kredit multiguna 24.949.921 48.361 192.741 25.191.023 Multiguna loan
Kredit modal kerja 3.178.492 121.848 177.899 3.478.239 Working capital loan
Perdagangan besar dan eceran 2.729.943 148.116 437.951 3.316.010 Wholesale and retail
Kredit pegawai 2.005.146 2.612 15.745 2.023.503 Employee loans
Pertambangan, konstruksi, listrik Mining, quarrying, electricity
dan transportasi 2.723.010 25.530 558.974 3.307.514 and transportation
Kredit kepemilikan rumah 1.496.088 125.008 231.420 1.852.516 Housing loan
Jasa kemasyarakatan, sosial budaya, Public, social culture, entertainment
hiburan dan perorangan lainnya 1.719.947 15.764 48.080 1.783.791 and other individual services
Pertanian, perburuan dan kehutanan 1.510.630 42.059 203.509 1.756.198 Agriculture, hunting and forestry
Industri pengolahan 2.343.498 22.053 103.913 2.469.464 Processing industry
Kredit usaha rakyat 3.709.273 90.788 54.695 3.854.756 People's business credit
Perantara keuangan 1.631.661 10.586 32.259 1.674.506 Financial intermediaries
Linkage program 173.634 - - 173.634 Linkage program
Penyediaan akomodasi dan
penyediaan makan dan minum 185.464 5.604 48.670 239.738 Accommodation, food and beverages
Bukan usaha lainnya dan rumah tangga 1.231.176 9.719 63.579 1.304.474 Other business and households
Real estate, usaha persewaan
dan jasa perusahaan 36.424 1.649 15.294 53.367 Real estate, business rental and services
Kredit Usaha Pembibitan Sapi - - 641 641 Cattle Breeding Business Loan
Jasa perorangan yang melayani rumah tangga 15.744 263 528 16.535 Individual service which serve households
Lain-lain 77.134 - - 77.134 Others
49.717.185 669.960 2.185.898 52.573.043
Cadangan kerugian penurunan nilai (367.710) (74.072) (869.731) (1.311.513) Allowance for impairment losses
Konvensional - Neto 49.349.475 595.888 1.316.167 51.261.530 Conventional - Net
Mengalami penurunan nilai/
Impaired
Jumlah/
Tidak mengalami Individu/ Kolektif/ Total
penurunan nilai/ Indiviual Collective
Not-impaired
Syariah 1.986.968 200.892 - 2.187.860 Sharia
Cadangan kerugian penurunan nilai (17.395) (35.997) - (53.392) Allowance for impairment losses
Syariah - Neto 1.969.573 164.895 - 2.134.468 Sharia - Net
Jumlah, neto 51.319.048 760.783 1.316.167 53.395.998 Total, net
165
Page 705
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. RISIKO KREDIT (lanjutan) 43. CREDIT RISK (continued)
e. Evaluasi penurunan nilai (lanjutan) e. Impairment assessment (continued)
Kredit yang diberikan dan pembiayaan Loans and sharia financing (continued)
syariah (lanjutan)
31 Desember/
December 31,
2022
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Kredit multiguna 23.578.636 37.542 181.718 23.797.896 Multiguna loan
Kredit modal kerja 2.400.068 104.398 293.573 2.798.039 Working capital loan
Restrukturisasi Covid 3.160.896 33.974 337.404 3.532.274 Covid Restructurisation
Perdagangan besar dan eceran 1.654.813 91.337 200.612 1.946.762 Wholesale and retail
Kredit pegawai 2.050.789 3.144 23.193 2.077.126 Employee loans
Pertambangan, konstruksi, listrik Mining, quarrying, electricity
dan transportasi 1.220.386 11.991 119.168 1.351.545 and transportation
Kredit kepemilikan rumah 1.222.011 116.132 241.184 1.579.327 Housing loan
Jasa kemasyarakatan, sosial budaya, Public, social culture, entertainment
hiburan dan perorangan lainnya 747.574 8.375 25.022 780.971 and other individual services
Pertanian, perburuan dan kehutanan 748.259 117.445 67.375 933.079 Agriculture, hunting and forestry
Industri pengolahan 1.614.145 20.003 51.057 1.685.205 Processing industry
Kredit usaha rakyat 2.393.551 29.099 12.857 2.435.507 People's business credit
Perantara keuangan 604.442 18.758 24.849 648.049 Financial intermediaries
Linkage program 216.994 - - 216.994 Linkage program
Penyediaan akomodasi dan
penyediaan makan dan minum 129.987 4.617 8.080 142.684 Accommodation, food and beverages
Bukan usaha lainnya dan rumah tangga 147.980 914 328 149.222 Other business and households
Real estate, usaha persewaan
dan jasa perusahaan 18.096 635 10.566 29.297 Real estate, business rental and services
Kredit Usaha Pembibitan Sapi - - 2.142 2.142 Cattle Breeding Business Loan
Jasa perorangan yang melayani rumah tangga 8.773 294 499 9.566 Individual service which serve households
Kredit Ketahanan Pangan dan Energi - - 317 317 Energy and Food Stability Loan
Kegiatan yang belum jelas batasannya 2.989 - - 2.989 Limit activities that are not yet clear
Lain-lain 174.194 - - 174.194 Others
42.094.583 598.658 1.599.944 44.293.185
Cadangan kerugian penurunan nilai (263.059) (61.303) (911.041) (1.235.403) Allowance for impairment losses
Konvensional - Neto 41.831.524 537.355 688.903 43.057.782 Conventional - Net
Mengalami penurunan nilai/
Tidak mengalami Impaired Jumlah/
penurunan nilai/ Individu/ Kolektif/ Total
Not-impaired Indiviual Collective
Syariah 1.986.967 200.892 - 2.187.859 Sharia
Cadangan kerugian penurunan nilai (17.395) (35.997) - (53.392) Allowance for impairment losses
Syariah - Neto 1.969.572 164.895 - 2.134.467 Sharia - Net
Jumlah, neto 43.801.096 702.250 688.903 45.192.249 Total, net
166
Page 706
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. RISIKO KREDIT (lanjutan) 43. CREDIT RISK (continued)
e. Evaluasi penurunan nilai (lanjutan) e. Impairment assessment (continued)
Pemetaan risiko kredit – Treasury (lanjutan) Credit risk grading – Treasury (continued)
Kredit yang diberikan dan pembiayaan Loans and sharia financing (continued)
syariah (lanjutan)
Mutasi penyisihan kerugian penurunan nilai Movement of allowance for impairment
berdasarkan jenis kredit yang diberikan dan losses by type of loans and sharia
pembiayaan syariah: financing:
31 Desember/
December 31,
2023
Modal kerja/ Investasi/ Konsumsi/ Jumlah/
Working capital Investment Consumption Total
Saldo awal tahun 793.315 199.485 325.812 1.318.612 Balance at beginning of year
Penyisihan tahun berjalan 349.480 144.856 181.587 675.923 Provision during the year
Penghapusan tahun berjalan (482.918) (4.969) (141.743) (629.630) Written-off during the year
Saldo 31 Desember 2023 659.877 339.372 365.656 1.364.905 Balance at December 31, 2023
Penyisihan kerugian atas kredit
yang mengalami penurunan nilai
secara individual 411.873 90.939 230.012 732.824 Individual impairment
Penyisihan kerugian penurunan
nilai secara kolektif atas kredit yang Collective impairment for non
tidak mengalami penurunan nilai 248.004 248.433 135.644 632.081 impaired loans
Saldo 31 Desember 2023 659.877 339.372 365.656 1.364.905 Balance at December 31, 2023
-
31 Desember/
December 31,
2022
Modal kerja/ Investasi/ Konsumsi/ Jumlah/
Working capital Investment Consumption Total
Saldo awal tahun 1.192.221 257.879 381.317 1.831.417 Balance at beginning of year
Penyisihan tahun berjalan 267.676 52.363 67.715 387.754 Provision during the year
Penghapusan tahun berjalan (666.582) (110.757) (123.220) (900.559) Written-off during the year
Saldo 31 Desember 2022 793.315 199.485 325.812 1.318.612 Balance at December 31, 2022
Penyisihan kerugian atas kredit
yang mengalami penurunan nilai
secara individual 570.537 92.889 203.467 866.893 Individual impairment
Penyisihan kerugian penurunan
nilai secara kolektif atas kredit yang Collective impairment for non
tidak mengalami penurunan nilai 222.778 106.596 122.345 451.719 impaired loans
Saldo 31 Desember 2022 793.315 199.485 325.812 1.318.612 Balance at December 31, 2022
-
167
Page 707
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. RISIKO KREDIT (lanjutan) 43. CREDIT RISK (continued)
e. Evaluasi penurunan nilai (lanjutan) e. Impairment assessment (continued)
Kredit yang diberikan dan pembiayaan Loans and sharia financing (continued)
syariah (lanjutan)
Tabel di bawah menunjukkan kualitas kredit The table below shows credit quality per
per jenis instrumen keuangan yang belum class of financial assets (gross of
jatuh tempo dan tidak mengalami allowance for impairment losses):
penurunan nilai (di luar cadangan kerugian
penurunan nilai):
December 31,
2023
Belum jatuh tempo dan tidak Jatuh tempo
mengalami penurunan nilai/ tetapi tidak
Neither st due nor impaired mengalami
penurunan Mengalami
Tingkat nilai/ penurunan
Tingkat tinggi/ standar/ Past-due but nilai/ Jumlah/
High grade Standard grade not impaired Impaired Total
Biaya perolehan diamortisasi Amortized cost
Surat Utang Negara 5.440.446 - - - 5.440.446 Goverment’s bonds
Reksadana 90.000 - - - 90.000 Mutual Funds
Obligasi 2.089.300 - - - 2.089.300 Bonds
Sukuk Bank Indonesia 450.000 - - - 450.000 Sukuk of Bank Indonesia
Negotiable Certificate of Deposit 28.500 - - - 28.500 Negotiable Certificate of Deposit
Sertifikat Investasi Mudharabah Interbank Mudarabah
Antar Bank (SIMA) 450.000 - - - 450.000 Investment Cerificate
Surat kredit berdokumen dalam negeri 12.913 - - - 12.913 Domestic L/C
Wesel 112 - - - 112 Bill
8.561.271 - - - 8.561.271
Nilai wajar melalui pendapatan komprehensif lain Fair value through other comprehensive income
Surat Utang Negara 7.762.560 - - - 7.762.560 Goverment’s bonds
Biaya perolehan diamortisasi Amortized cost
Currents account with
Giro pada Bank Indonesia 7.971.412 - - - 7.971.412 Bank Indonesia
Giro pada Bank lain 491.330 - - - 491.330 Currents account with other bank
Penempatan pada Bank Indonesia Placement with Bank Indonesia
dan bank lain 5.234.721 - - - 5.234.721 and other bank
Tagihan reverse repo 6.247.318 - - - 6.247.318 Reverse repo receivables
Tagihan lainnya 223.138 - - - 223.138 Other receivables
Kredit yang diberikan dan pembiayaan syariah Loans and sharia financing
Modal kerja - 14.870.654 - 679.697 15.550.351 Working capital
Investasi - 7.846.461 - 155.818 8.002.279 Investment
Konsumsi - 30.679.965 - 528.308 31.208.273 Consumption
Pendapatan bunga yang masih
akan diterima - 685.734 - - 685.734 Interest receivables
Jumlah 36.491.750 54.082.814 - 1.363.823 91.938.387 Total
Cadangan kerugian penurunan nilai - (697.350) - (674.168) (1.371.518) Allowances for impairment losses
Neto 36.491.750 53.385.464 - 689.655 90.566.869 Net
168
Page 708
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. RISIKO KREDIT (lanjutan) 43. CREDIT RISK (continued)
e. Evaluasi penurunan nilai (lanjutan) e. Impairment assessment (continued)
Kredit yang diberikan dan pembiayaan Loans and sharia financing (continued)
syariah (lanjutan)
December 31,
2022
Belum jatuh tempo dan tidak Jatuh tempo
mengalami penurunan nilai/ tetapi tidak
Neither st due nor impaired mengalami
penurunan Mengalami
Tingkat nilai/ penurunan
Tingkat tinggi/ standar/ Past-due but nilai/ Jumlah/
High grade Standard grade not impaired Impaired Total
Biaya perolehan diamortisasi Amortized cost
Surat Utang Negara 12.025.332 - - - 12.025.332 Goverment’s bonds
Reksadana 90.000 - - - 90.000 Mutual Funds
Obligasi 1.851.074 - - - 1.851.074 Bonds
Sukuk Bank Indonesia 400.000 - - - 400.000 Sukuk of Bank Indonesia
Negotiable Certificate of Deposit 47.237 - - - 47.237 Negotiable Certificate of Deposit
Sertifikat Investasi Mudharabah Interbank Mudarabah
Antar Bank (SIMA) 325.000 - - - 325.000 Investment Cerificate
Wesel 2.418 - - - 2.418 Bill
14.741.062 - - - 14.741.062
Nilai wajar melalui pendapatan komprehensif lain Fair value through other comprehensive income
Surat Utang Negara 8.476.609 - - - 8.476.609 Goverment’s bonds
Biaya perolehan diamortisasi Amortized cost
Currents account with
Giro pada Bank Indonesia 10.786.740 - - - 10.786.740 Bank Indonesia
Giro pada Bank lain 303.129 - - - 303.129 Currents account with other bank
Penempatan pada Bank Indonesia Placement with Bank Indonesia
dan bank lain 6.916.329 - - - 6.916.329 and other bank
Tagihan spot derivatif 361 - - - 361 Spot and derivative receivables
Tagihan reverse repo 7.822.847 - - - 7.822.847 Reverse repo receivables
Tagihan lainnya 286.147 - - - 286.147 Other receivables
Kredit yang diberikan dan pembiayaan syariah Loans and sharia financing
Modal kerja - 10.259.372 - 708.638 10.968.010 Working capital
Investasi - 6.448.282 - 122.376 6.570.658 Investment
Konsumsi - 28.179.834 - 478.155 28.657.989 Consumption
Pendapatan bunga yang masih
akan diterima - 646.125 - - 646.125 Interest receivables
Jumlah 49.333.224 45.533.613 - 1.309.169 96.176.006 Total
Cadangan kerugian penurunan nilai - (499.126) - (823.481) (1.322.607) Allowances for impairment losses
Neto 49.333.224 45.034.487 - 485.688 94.853.399 Net
169
Page 709
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. RISIKO KREDIT (lanjutan) 43. CREDIT RISK (continued)
e. Evaluasi penurunan nilai (lanjutan) e. Impairment assessment (continued)
Pemetaan risiko kredit – Treasury (lanjutan) Credit risk grading – Treasury (continued)
Kualitas kredit didefinisikan sebagai berikut: The credit quality are defined as follows:
Tingkat tinggi High grade
i. Giro pada Bank Indonesia, giro pada bank i. Current accounts with Bank Indonesia,
lain, penempatan pada Bank Indonesia current accounts with other banks,
dan bank lain yaitu giro atau penempatan placements with Bank Indonesia and other
pada institusi Pemerintah, transaksi banks are current accounts or placements
dengan bank yang memiliki reputasi baik with the governmental institutions,
dengan tingkat kemungkinan gagal bayar transacted with reputable banks with low
atas kewajiban yang rendah. probability of insolvency.
ii. Kredit yang diberikan dan pembiayaan ii. Loans and sharia financing, interest
syariah, bunga yang masih akan diterima, receivables and third party receivables are
dan tagihan kepada pihak ketiga yaitu borrowers with very satisfactory track
debitur dengan riwayat pembayaran yang record of loan repayment and whose
sangat baik dan tidak pernah menunggak accounts did not turn past due during the
sepanjang jangka waktu kredit, debitur term of the loan; borrowers with high
dengan stabilitas dan keragaman yang degree of stability and diversity; has
tinggi; memiliki akses setiap saat untuk access to raise substantial amounts of
memperoleh pendanaan dalam jumlah funds through public market at any time;
besar dari pasar terbuka; memiliki very strong debt service capacity and has
kemampuan membayar yang kuat dan conservative financial position ratios.
rasio-rasio posisi keuangan yang
konservatif.
iii. Efek-efek dan obligasi Pemerintah yaitu iii. Securities and Government bonds are
surat berharga yang dikeluarkan oleh Sovereign securities; investment grade
Pemerintah, efek-efek dan obligasi yang securities and bonds with a rating of at
termasuk dalam investment grade dengan least BBB- (Pefindo) or Baaa3 (Moody’s).
rating minimal BBB- (Pefindo) atau Baaa3
(Moody’s).
Tingkat standar Standard grade
i. Giro dan penempatan pada bank lain i. Current accounts and placements with
yaitu giro atau penempatan pada bank other banks are current accounts or
lokal yang tidak terdaftar di bursa. placements with the local banks not listed
in the stock exchange.
ii. Kredit yang diberikan dan pembiayaan ii. Loans and sharia financing, interest
syariah, bunga yang masih akan diterima, receivable and third party receivables who
dan tagihan kepada pihak ketiga yaitu are borrowers with an average track record
debitur dengan riwayat pembayaran yang of loan repayment and whose accounts did
baik dan tidak pernah menunggak 90 hari not turn past due for 90 days and over,
atau lebih; akses terbatas ke pasar modal small corporations with limited access to
atau ke pasar keuangan lainnya; tingkat public capital markets or to alternative
pendapatan dan kinerja keseluruhan financial market; volatility of earnings and
tidak stabil; memiliki kemampuan overall performance; debt service capacity
membayar yang cukup. is adequate.
iii. Efek-efek dan obligasi Pemerintah yaitu iii. Securities and Government bonds are
efek-efek dan obligasi dengan rating securities and bonds with a rating between
antara idBB+ sampai dengan idB idBB+ to idB (Pefindo) or Ba1 to B2
(Pefindo) atau Ba1 sampai dengan B2 (Moody’s).
(Moody’s).
170
Page 710
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. RISIKO PASAR 44. MARKET RISK
Risiko pasar adalah risiko yang terjadi pada posisi Market risk is the risks on the statement of financial
laporan posisi keuangan dan rekening administratif, position and administrative accounts due to changes
karena adanya perubahan variabel pasar. Variabel in market variables. Market variables consist of
pasar seperti tingkat bunga dan nilai tukar. Risiko pasar interest rates and exchange rates. Market risk is an
hampir melekat pada seluruh kegiatan operasional inherent risk in most of the Bank’s operational
Bank, baik pada banking book maupun trading book. activities involving the banking books and the trading
books.
Pengelolaan risiko pasar dilakukan sesuai dengan Management of market risk is performed in
kebijakan dan prosedur Bank yang berkaitan dengan accordance with the Bank’s policies and procedures
produk dan jasa serta aktivitas treasury dan risiko yang related with the products and services and also
melekat pada bisnis. treasury activities and the inherent risk of the
business.
Risiko suku bunga timbul akibat perubahan harga Interest rate risk is risk as the effect of changes in
instrumen keuangan dari posisi trading book atau the financial instrument prices from the trading book
akibat perubahan nilai ekonomis posisi banking book, position or the effect of changes of the economic
karena perubahan suku bunga. value position of the banking book because of the
change in the interest rate.
Dalam mengelola risiko suku bunga dilakukan pada Management of interest rate risk is performed on the
eksposur banking book, dengan memperhatikan posisi banking book exposure by considering the gap
gap aset dan liabilitas Bank yang sensitif terhadap position of the Bank’s assets and liabilities, which
pergerakan suku bunga yang mempengaruhi stabilitas are sensitive to interest rate movements, which
tingkat profitabilitas Bank. influence the stability of the Bank’s profitability level.
Tabel di bawah ini merupakan rata-rata tingkat suku The tables below summarize the average of
bunga kontraktual per tahun untuk aset dan liabilitas contractual interest rates per annum for significant
keuangan yang signifikan pada tanggal 31 Desember financial assets and liabilities as of December 31,
2023 dan 2022: 2023 and 2022:
31 Desember/
December 31,
2023
Dolar
Amerika Serikat/
United States
Rupiah Dollar
% %
Aset Assets
Giro pada Bank Indonesia 0,00% 0,00% Current accounts with Bank Indonesia
Giro pada bank lain 0,10% 0,89% Current accounts with other banks
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain 6,06% 5,70% and other banks
Surat-surat berharga 5,63% 0,00% Marketable securities
Surat berharga yang dijual Marketable securities sold
dengan janji dibeli kembali 6,46% 0,00% under repurchased agreement
Surat berharga yang dibeli Marketable securities purchased
dengan janji dijual kembali 6,32% 0,00% under resale agreement
Kredit yang diberikan dan pembiayaan syariah 10.50%-12.75% 0,00% Loans and sharia financing
Liabilitas Liabilities
Simpanan dari nasabah 0.00% - 3.51% 0.00% - 1.65% Deposits from customers
Simpanan dari bank lain 0.00% - 3.43% - Deposits from other banks
171
Page 711
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. RISIKO PASAR (lanjutan) 44. MARKET RISK (continued)
='1. Neraca Aktiva'!F2
December 31,
2022
Dolar
Amerika Serikat/
United States
Rupiah Dollar
% %
Aset Assets
Giro pada Bank Indonesia 0,00% 0,00% Current accounts with Bank Indonesia
Giro pada bank lain 0,02% 0,04% Current accounts with other banks
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain 1,33% 0,47% and other banks
Surat-surat berharga 7,99% 0,00% Marketable securities
Surat berharga yang dijual Marketable securities sold
dengan janji dibeli kembali 5,38% 0,00% under repurchased agreement
Surat berharga yang dibeli Marketable securities purchased
dengan janji dijual kembali 5,80% 0,00% under resale agreement
Kredit yang diberikan dan pembiayaan syariah 10.50%-12.75% 0,00% Loans and sharia financing
Liabilitas Liabilities
Simpanan dari nasabah 0.00% - 2.74% 0.00% - 0.16% Deposits from customers
Simpanan dari bank lain 0.00% - 2.27% - Deposits from other banks
Tabel berikut mengikhtisarkan eksposur Bank terhadap The table below summarizes the Bank’s exposure to
risiko tingkat suku bunga (gross) yang mungkin interest rate risk (gross) which may affect the future
berdampak kepada arus kas di masa depan pada cash flows as of December 31, 2023 and 2022:
tanggal 31 Desember 2023 dan 2022:
31 Desember/
December 31,
2023
Suku bunga mengambang/
Floating interest rate
3 bulan tetapi
tidak lebih dari Tidak
Tidak lebih dari 1 tahun/ Suku bunga dikenakan
3 bulan/ 3 months but 1 tahun dan tetap/ bunga/
Not more than less than lebih/ Fixed interest Non-interest Total/
3 months 1 year 1 year and up rate bearing Total
Aset keuangan Financial assets
Kas 2.652.775 - - - - 2.652.775 Cash
Current accounts with
Giro pada Bank Indonesia 7.971.412 - - - - 7.971.412 Bank Indonesia
Giro pada bank lain 490.253 - - - - 490.253 Current accounts with other banks
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain 5.229.695 - - - - 5.229.695 and other banks
Surat-surat berharga Marketable securities
Biaya perolehan diamortisasi 2.334.459 1.481.901 4.744.401 - - 8.560.761 Amortized cost
Nilai wajar melalui pendapatan Fair value through other
komprehensif lain 7.762.560 - - - - 7.762.560 comprehensive income
Surat berharga dijual dengan Marketable securities sold
janji dibeli kembali 6.948.304 - - - - 6.948.304 under repurchased agreement
Surat berharga dibeli dengan Marketable securities purchased
janji dijual kembali 6.247.318 - - - - 6.247.318 under resale agreement
Tagihan lainnya 223.138 - - - - 223.138 Other receivable
Kredit yang diberikan dan
pembiayaan syariah Loans and sharia financing
Modal kerja - - - 15.550.351 - 15.550.351 Working capital
Investasi - - - 8.002.279 - 8.002.279 Investment
Konsumsi - - - 31.208.273 - 31.208.273 Consumption
Pendapatan bunga yang
masih akan diterima 287.221 14.280 384.233 - - 685.734 Interest receivable
Jumlah aset keuangan 40.147.135 1.496.181 5.128.634 54.760.903 - 101.532.853 Total financial assets
Liabilitas keuangan Financial liabilities
Liabilitas segera 987.604 - - - - 987.604 Obligations due immediately
Simpanan dari nasabah Deposits from customers
Giro 20.926.363 - - - - 20.926.363 Current accounts
Tabungan 28.815.896 - - - - 28.815.896 Savings accounts
Deposito berjangka - - - 28.454.651 - 28.454.651 Time deposits
Simpanan dari bank lain 2.570.985 8.260 500 - - 2.579.745 Deposits from other banks
Pinjaman yang diterima - 530.156 - - 66.821 596.977 Borrowings
Beban yang masih harus dibayar 504.748 - - - - 504.748 Accrued expenses
Liabilitas lain-lain 779.314 - - - - 779.314 Other liabilities
Jumlah liabilitas keuangan 54.584.910 538.416 500 28.454.651 66.821 83.645.298 Total financial liabilities
Gap repricing suku bunga, neto (14.437.775) 957.765 5.128.134 26.306.252 (66.821) 17.887.555 Net interest repricing gap
172
Page 712
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. RISIKO PASAR (lanjutan) 44. MARKET RISK (continued)
Tabel berikut mengikhtisarkan eksposur Bank terhadap The table below summarizes the Bank’s exposure to
risiko tingkat suku bunga (gross) yang mungkin interest rate risk (gross) which may affect the future
berdampak kepada arus kas di masa depan pada cash flows as of December 31, 2023 and 2022
tanggal 31 Desember 2023 dan 2022 (lanjutan): (continued):
31 Desember/
December 31,
2022
Suku bunga mengambang/
Floating interest rate
3 bulan tetapi
tidak lebih dari Tidak
Tidak lebih dari 1 tahun/ Suku bunga dikenakan
3 bulan/ 3 months but 1 tahun dan tetap/ bunga/
Not more than less than lebih/ Fixed interest Non-interest Total /
3 months 1 year 1 year and up rate bearing Total
Aset keuangan Financial assets
Kas 1.988.262 - - - - 1.988.262 Cash
Current accounts with
Giro pada Bank Indonesia 10.786.740 - - - - 10.786.740 Bank Indonesia
Giro pada bank lain 302.688 - - - - 302.688 Current accounts with other banks
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain 6.913.175 - - - - 6.913.175 and other banks
Surat-surat berharga Marketable securities
Biaya perolehan diamortisasi 1.578.463 4.995.096 8.167.102 - - 14.740.661 Amortized cost
Nilai wajar melalui pendapatan Fair value through other
komprehensif lain - - 8.476.609 - - 8.476.609 comprehensive income
Surat berharga dijual dengan Marketable securities sold
janji dibeli kembali 4.095.066 - - - - 4.095.066 under repurchased agreement
Surat berharga dibeli dengan Marketable securities purchased
janji dijual kembali 7.822.847 - - - - 7.822.847 under resale agreement
Tagihan lainnya 286.147 - - - - 286.147 Other receivable
Kredit yang diberikan dan
pembiayaan syariah Loans and sharia financing
Modal kerja - - - 10.968.010 - 10.968.010 Working capital
Investasi - - - 6.570.658 - 6.570.658 Investment
Konsumsi - - - 28.657.989 - 28.657.989 Consumption
Pendapatan bunga yang
masih akan diterima 74.213 14.396 557.516 - - 646.125 Interest receivable
Jumlah aset keuangan 33.847.601 5.009.492 17.201.227 46.196.657 - 102.254.977 Total financial assets
Liabilitas keuangan Financial liabilities
Liabilitas segera 872.514 - - - - 872.514 Obligations due immediately
Simpanan dari nasabah Deposits from customers
Giro 23.634.773 - - - - 23.634.773 Current accounts
Tabungan 26.343.817 - - - - 26.343.817 Savings accounts
Deposito berjangka - - - 31.788.793 - 31.788.793 Time deposits
Simpanan dari bank lain 3.334.563 4.560 - - - 3.339.123 Deposits from other banks
Pinjaman yang diterima - 481.532 - - 71.867 553.399 Borrowings
Beban yang masih harus dibayar 520.840 - - - - 520.840 Accrued expenses
Liabilitas lain-lain 550.119 - - - - 550.119 Other liabilities
Jumlah liabilitas keuangan 55.256.626 486.092 - 31.788.793 71.867 87.603.378 Total financial liabilities
Gap repricing suku bunga, neto (21.409.025) 4.523.400 17.201.227 14.407.864 (71.867) 14.651.599 Net interest repricing gap
Tabel berikut menunjukkan sensitivitas terhadap The following table demonstrates the sensitivity to a
kemungkinan perubahan satu poin presentase suku reasonable possible change one percentage point in
bunga yang wajar, dengan semua variabel lainnya interest rates, with all other variables held constant,
tetap konstan, dalam laporan laba rugi dan penghasilan of the Bank’s statements of profit or loss and other
komprehensif lain Bank. Sensitivitas laporan laba rugi comprehensive income. The sensitivity of the
komprehensif adalah dampak dari perubahan asumsi statement of profit or loss and other comprehensive
suku bunga pada laporan laba rugi dan penghasilan income is the effect of the assumed changes in
komprehensif lain pada periode tersebut. Sensitivitas interest rates on the statement of comprehensive
total laba atau rugi didasarkan pada asumsi bahwa ada income for the period. The total sensitivity of profit or
pergeseran paralel pada kurva hasil. loss is based on the assumption that there are
parallel shifts in the yield curve.
2023
Kenaikan/ Penurunan/
Increase Decrease
Pengaruh terhadap laporan laba rugi Impact to statement of profit or loss
dan penghasilan komprehensif lain 62.414 (62.414) and other comprehensive income
173
Page 713
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. RISIKO PASAR (lanjutan) 44. MARKET RISK (continued)
Bank memiliki eksposur terhadap risiko tingkat suku The Bank has other exposure to interest rate risks in
bunga dalam mata uang Dolar Singapura, Dolar Singapore Dollar, United States Dollar, Euro and
Amerika Serikat, Euro dan lainnya. others.
Risiko nilai tukar adalah risiko nilai instrumen keuangan Foreign exchange risk is the risk on the financial
yang akan berfluktuasi karena adanya perubahan instruments value, which will fluctuate due to
dalam nilai tukar valuta asing. exchange rate volatility.
Risiko mata uang adalah kemungkinan kerugian Foreign currency risk is the probability of loss of
pendapatan yang timbul dari perubahan kurs valuta earnings arising from changes in foreign exchange
asing. Bank mengelola exposure terhadap pengaruh rates. The Bank manages exposure to effects of
fluktuasi nilai tukar mata uang asing dengan fluctuations in foreign currency exposure within the
mempertahankan risiko mata uang asing dalam existing regulatory guidelines (i.e. maintaining the
pedoman peraturan yang ada (yakni menjaga Posisi Net Open Position based on Bank Indonesia
Devisa Neto sesuai dengan peraturan Bank Indonesia). regulations).
Pada tanggal 31 Desember 2023 dan 2022, pengaruh As of December 31, 2023 and 2022, the effect of
nilai tukar mata uang asing tidak signifikan terhadap foreign exchange rates fluctuations is insignificant to
Bank. the Bank.
45. RISIKO LIKUIDITAS 45. LIQUIDITY RISK
Risiko likuiditas adalah risiko akibat ketidakmampuan Liquidity risk is the risk which is caused by the
Bank untuk memenuhi liabilitas yang jatuh tempo dari Bank’s inability to fulfil its obligations when they
sumber pendanaan arus kas dan/atau dari aset likuid become due from cash flow financing sources
berkualitas tinggi yang dapat diagunkan tanpa and/or high quality liquid assets that can be pledged
mengganggu aktivitas dan kondisi keuangan Bank. without affecting the Bank’s activities and financial
condition.
Bank melakukan pengukuran risiko likuiditas The Bank measures liquidity risk using the Liquidity
menggunakan Liquidity Risk Model dengan metodologi Risk Model based on maturity profile gap
maturity profile gap. Pengelolaan kondisi likuiditas methodology. Daily liquidity condition management
harian dilakukan oleh Unit Treasury dan perubahan is performed by the Treasury Unit and external and
eksternal serta makro ekonomi yang terjadi dengan macro economic changes are immediately informed,
segera diinformasikan dan diambil strategi serta and strategy and internal policies are undertaken,
kebijakan internal antara lain melalui mekanisme Asset among others, through the Asset and Liabilities
and Liabilities Committee (ALCO). Committee (ALCO) mechanism.
174
Page 714
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
45. RISIKO LIKUIDITAS (lanjutan) 45. LIQUIDITY RISK (continued)
Rasio dari aset likuid neto terhadap simpanan nasabah The ratio of net liquid assets to deposits from
adalah sebagai berikut: customers are as follows:
31 Desember/ 31 Desember/
December 31, December 31,
2023 2022
Kas dan setara kas 16.350.238 19.994.460 Cash and cash equivalent
Surat berharga yang dijual Marketable securities sold
dengan janji dibeli kembali 8.303.663 4.095.066 under purchased agreement
Tagihan reverse repo 6.247.318 7.822.847 Reverse repo receivables
Simpanan dari bank lain (2.540.889) (3.282.553) Deposits from other banks
Jumlah 28.360.330 28.629.820 Total
Simpanan dari nasabah 78.196.910 81.767.383 Deposits from customers
Rasio aset likuid neto terhadap Ratio of net liquid assets to deposit
simpanan dari nasabah 36,27% 35,01% from customers
Tabel jatuh tempo berikut menyajikan informasi The following maturity tables provide information
mengenai perkiraan sisa jatuh tempo dari aset dan about the expected maturities within which financial
liabilitas keuangan (pokok saja) pada tanggal 31 assets and liabilities (principal only) as of December
Desember 2023 dan 2022: 31, 2023 and 2022:
31 Desember/
December 31,
2023
Kurang dari 1 Lebih dari 12
bulan/ bulan/
Nilai tercatat/ Less than 1 1- 3 bulan/ 3 - 6 bulan/ 6 - 12 bulan/ More than 12
Carrying value month months months months months
Aset keuangan Financial assets
Kas 2.652.775 2.652.775 - - - - Cash
Current accounts with
Giro pada Bank Indonesia 7.971.412 7.073.597 - - - 897.815 Bank Indonesia
Giro pada bank lain 490.253 490.253 - - - - Current accounts with other banks
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain 5.229.695 5.228.200 1.495 - - - and other banks
Surat-surat berharga Marketable securities
Biaya perolehan diamortisasi 8.560.761 830.243 1.504.216 783.350 698.551 4.744.401 Amortized cost
Nilai wajar melalui pendapatan Fair value through other
komprehensif lain 7.762.560 7.732.011 30.549 - - - comprehensive income
Surat berharga dijual dengan Marketable securities sold
janji dibeli kembali 6.948.304 6.948.304 - - - - under repurchased agreement
Surat berharga dibeli dengan Marketable securities purchased
janji dijual kembali 6.247.318 6.197.612 49.706 - - - under resale agreement
Tagihan lainnya 223.138 223.138 - - - - Other receivable
Kredit yang diberikan
pembiayaan syariah Loans and sharia financing
Modal kerja 14.890.474 271.543 832.593 2.530.760 2.766.875 8.488.703 Working capital
Investasi 7.662.909 30.414 7.589 15.135 225.659 7.384.112 Investment
Konsumsi 30.842.615 17.031 144.205 119.894 513.914 30.047.571 Consumption
Pendapatan bunga yang
masih akan diterima 685.734 251.395 35.826 8.246 6.034 384.233 Interest receivable
Jumlah 100.167.948 37.946.516 2.606.179 3.457.385 4.211.033 51.946.835 Total
Liabilitas keuangan Financial liabilities
Liabilitas segera 987.605 987.605 - - - - Obligations due immediately
Simpanan dari nasabah 78.196.910 22.457.975 5.462.113 2.436.735 7.344.737 40.495.350 Deposits from customers
Simpanan dari bank lain 2.579.744 2.541.704 29.280 60 8.200 500 Deposits from other banks
Pinjaman yang diterima 596.978 189.984 - - - 406.994 Borrowings
Beban yang masih harus dibayar 504.748 504.748 - - - - Accrued expenses
Liabilitas lain-lain 779.314 779.314 - - - - Other liabilities
Jumlah 83.645.299 27.461.330 5.491.393 2.436.795 7.352.937 40.902.844 Total
Perbedaan jatuh tempo 16.522.649 10.485.186 (2.885.214) 1.020.590 (3.141.904) 11.043.991 Maturity gap
175
Page 715
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
45. RISIKO LIKUIDITAS (lanjutan) 45. LIQUIDITY RISK (continued)
Tabel jatuh tempo berikut menyajikan informasi The following maturity tables provide information
mengenai perkiraan sisa jatuh tempo dari aset dan about the expected maturities within which financial
liabilitas keuangan (pokok saja) pada tanggal 31 assets and liabilities (principal only) as of December
Desember 2023 dan 2022 (lanjutan): 31, 2023 and 2022 (continued):
31 Desember/
December 31,
2022
Kurang dari 1 Lebih dari 12
Nilai tercatat/ bulan/ 1- 3 bulan/ 3 - 6 bulan/ 6 - 12 bulan/ bulan/
Carrying value Less than 1 months months months More than 12
month months
Aset keuangan Financial assets
Kas 1.988.262 1.988.262 - - - - Cash
Current accounts with
Giro pada Bank Indonesia 10.786.740 230.541 - - - 10.556.199 Bank Indonesia
Giro pada bank lain 302.688 302.688 - - - - Current accounts with other banks
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain 6.913.175 6.306.518 606.657 - - - and other banks
Surat-surat berharga Marketable securities
Biaya perolehan diamortisasi 14.740.661 725.515 852.948 2.367.794 2.627.302 8.167.102 Amortized cost
Nilai wajar melalui pendapatan Fair value through other
komprehensif lain 8.476.609 - - - - 8.476.609 comprehensive income
Surat berharga dijual dengan Marketable securities sold
janji dibeli kembali 4.095.066 4.095.066 - - - - under repurchased agreement
Surat berharga dibeli dengan Marketable securities purchased
janji dijual kembali 7.822.847 7.440.160 - - 192.726 189.961 under resale agreement
Tagihan lainnya 286.147 286.147 - - - - Other receivable
Kredit yang diberikan
pembiayaan syariah Loans and sharia financing
Modal kerja 10.174.698 474.092 591.709 1.027.046 1.904.233 6.177.618 Working capital
Investasi 6.371.172 35.082 2.414 7.284 32.541 6.293.851 Investment
Konsumsi 28.332.175 16.380 25.106 68.179 320.447 27.902.063 Consumption
Pendapatan bunga yang
masih akan diterima 646.125 25.795 48.418 9.901 4.495 557.516 Interest receivable
Jumlah 100.936.365 21.926.246 2.127.252 3.480.204 5.081.744 68.320.919 Total
Liabilitas keuangan Financial liabilities
Liabilitas segera 916.091 916.091 - - - - Obligations due immediately
Simpanan dari nasabah 81.767.383 11.214.472 16.200.878 1.699.788 10.878.340 41.773.905 Deposits from customers
Simpanan dari bank lain 3.339.123 3.287.933 46.630 60 4.500 - Deposits from other banks
Pinjaman yang diterima 553.399 150.517 - - - 402.882 Borrowings
Beban yang masih harus dibayar 520.840 520.840 - - - - Accrued expenses
Liabilitas lain-lain 550.119 550.119 - - - - Other liabilities
Jumlah 87.646.955 16.639.972 16.247.508 1.699.848 10.882.840 42.176.787 Total
Perbedaan jatuh tempo 13.289.410 5.286.274 (14.120.256) 1.780.356 (5.801.096) 26.144.132 Maturity gap
46. RISIKO OPERASIONAL 46. OPERATIONAL RISK
Risiko operasional adalah risiko akibat ketidakcukupan Operational risk is the risk resulting from inadequate
dan/atau tidak berfungsinya proses internal, kesalahan and/or failure of internal processes, people,
manusia, kegagalan sistem, dan/atau adanya kejadian- systems, and/or from external events which affect
kejadian eksternal yang mempengaruhi operasional the Bank’s operations.
Bank.
Dalam mengelola risiko operasional, risk owner In managing operational risk, the risk owner is
bertanggung jawab atas risiko yang terjadi pada responsible for the risk that occurs in the respective
unitnya masing-masing. Tata cara pengendalian risiko units. Risk management is regulated in the Bank’s
tersebut diatur dalam kebijakan Bank secara overall policies and operational procedures in each
menyeluruh dan prosedur operasional pada setiap unit. unit.
176
Page 716
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
46. RISIKO OPERASIONAL (lanjutan) 46. OPERATIONAL RISK (continued)
Metode dan kebijakan dalam pengendalian risiko The methods and policies involving operational risk
operasional dilaksanakan diantaranya melalui: management are performed, among others, through
the following:
i. Pengkajian terhadap kebijakan, pedoman, dan i. Evaluation of internal control policies, guidance,
prosedur pengendalian internal sesuai dengan and procedures in accordance with the banking
kondisi perkembangan dunia perbankan, industry development, government policies, and
kebijakan pemerintah dan limitasi operasional pre-determined operational limits;
yang telah ditetapkan;
ii. Pengkajian dan penerapan Disaster Recovery ii. Evaluation and implementation of a Disaster
Plan sebagai langkah antisipasi atas kejadian Recovery Plan as the anticipated procedures to
internal maupun eksternal yang berpotensi be applied during internal and external potential
menimbulkan kerugian; loss events;
iii. Tindakan koreksi terhadap hasil temuan audit; iii. Implementing corrective actions based on audit
dan results; and
iv. Pengkajian dari penerapan Rencana Kontinjensi iv. Reviewing the implementation of the Business
Usaha dalam pengelolaan dan pengendalian Contingency Plan in the management and
aktivitas Bank. control of the Bank’s activities.
47. RISIKO HUKUM 47. LEGAL RISK
Risiko hukum adalah risiko akibat tuntutan hukum Legal risk is the risk due to legal aspects, legal
dan/atau kelemahan aspek yuridis, yang antara lain claims and/or weaknesses in agreements which
disebabkan ketiadaan peraturan perundang-undangan among others are caused by the absence of
yang mendukung, atau kelemahan perikatan seperti supporting regulations, weaknesses in agreements
tidak dipenuhinya syarat sahnya kontrak dan such as the criteria for valid contracts is not fulfilled,
pengikatan agunan yang tidak sempurna. and collateral arrangements are inappropriate.
Identifikasi risiko hukum dilakukan pada seluruh Legal risk identification is performed for all functional
aktivitas fungsional yang melekat pada perkreditan, activities that are inherent to loan, treasury,
treasury, operasional, sistem informasi teknologi dan operational and information technology systems and
pengelolaan sumber daya manusia. human resources management.
48. RISIKO REPUTASI 48. REPUTATION RISK
Risiko reputasi adalah risiko akibat menurunnya tingkat Reputation risk is the risk due to a decrease in the
kepercayaan stakeholder yang bersumber dari stakeholders’ trust that results from a negative
persepsi negatif terhadap Bank. perception of the Bank.
Identifikasi risiko reputasi dilakukan secara berkala Reputation risk identification is performed
sesuai dengan pengalaman kerugian di masa lalu yang periodically based on the knowledge of historical
disebabkan oleh risiko reputasi. Penilaian risiko losses due to reputation risk. Reputation risk
reputasi dilakukan secara kualitatif antara lain valuation is performed qualitatively among others
bersumber dari pemberitaan negatif yang muncul dari from negative publications and commentaries from
masyarakat/nasabah dan keluhan nasabah. the public/customers and customer’s complaints.
177
Page 717
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
49. RISIKO KEPATUHAN 49. COMPLIANCE RISK
Risiko kepatuhan adalah risiko yang terjadi karena Compliance risk is the risk incurred because the
Bank tidak mematuhi dan/atau tidak melaksanakan Bank has not complied with and/or has not
ketentuan internal dan peraturan perundang-undangan. implemented appropriate internal policies and
Pada praktiknya, risiko kepatuhan melekat pada risiko regulations. In practice, compliance risk is inherent
Bank yang terkait pada peraturan perundang- to the Bank’s risk related to regulations, prudential
undangan, ketentuan kehati-hatian dan ketentuan lain provisions and other provisions, such as:
yang berlaku, seperti:
i. Risiko kredit terkait dengan ketentuan Kewajiban i. Credit risk related to Capital Adequacy Ratio
Penyediaan Modal Minimum (KPMM), Kualitas (CAR), Asset Quality, Allowance for Impairment
Aset, Pembentukan Cadangan Kerugian Losses, and Legal Lending Limit (LLL)
Penurunan Nilai (CKPN), dan Batas Maksimum regulations;
Pemberian Kredit (BMPK);
ii. Risiko pasar terkait dengan ketentuan Posisi ii. Market risk related to Net Open Position (NOP)
Devisa Neto (PDN); dan regulations; and
iii. Risiko lain yang terkait dengan ketentuan iii. Other risks related to external and internal
eksternal dan internal. regulations.
Identifikasi risiko kepatuhan dilakukan secara berkala Compliance risk identification is performed
sesuai dengan pengalaman kerugian di masa lalu yang periodically based on the knowledge of historical
disebabkan oleh risiko kepatuhan dan pengukuran losses due to compliance risk and is measured
risiko kepatuhan juga dilakukan melalui perhitungan through risk calculations based on accounting loss
risiko berdasarkan data kerugian akuntansi dengan data using a loss distribution approach for calculating
menggunakan pendekatan distribusi kerugian untuk capital charges.
perhitungan capital charges.
50. RISIKO STRATEJIK 50. STRATEGIC RISK
Risiko stratejik adalah risiko akibat ketidaktepatan Strategic risk is the risk due to inaccurate decision
dalam pengambilan dan/atau pelaksanaan suatu making and/or implementation of strategic decisions
keputusan stratejik serta kegagalan dalam and failure in anticipating business environment
mengantisipasi perubahan lingkungan bisnis. changes. Strategic risk identification is performed
Identifikasi risiko stratejik dilakukan secara berkala periodically based on knowledge of historical losses
sesuai dengan pengalaman kerugian dimasa lalu yang due to strategic risk. Strategic risk control is
disebabkan oleh risiko stratejik. Pengendalian risiko performed through periodical monitoring the
stratejik dilakukan melalui monitoring realization of the budget determined periodically,
pencapaian/realisasi atas anggaran yang sudah followed by the investigation of the factors that
ditetapkan secara berkala dan dilanjutkan dengan cause failures.
mitigasi dari faktor-faktor penyebab kegagalan.
51. MANAJEMEN MODAL 51. CAPITAL MANAGEMENT
Tujuan utama dari kebijakan Bank atas kebijakan The primary objectives of the Bank’s capital
pengelolaan modal adalah untuk memastikan bahwa management policy are to ensure that the Bank has
Bank memiliki modal yang kuat untuk mendukung a strong capital to support the Bank’s business
strategi pengembangan ekspansi usaha Bank saat ini expansion strategy currently, to sustain future
dan mempertahankan kelangsungan pengembangan development of the business, to meet regulator
di masa mendatang serta untuk memenuhi ketentuan capital adequacy requirements and also to ensure
kecukupan permodalan yang ditetapkan oleh the efficiency of Bank’s capital structure.
regulator serta memastikan agar struktur permodalan
Bank telah efisien.
Bank menyusun Rencana Permodalan berdasarkan Bank undertakes Capital Planning based on
penilaian dan penelaahan atas kebutuhan kecukupan assessment and review of the capital situation in
permodalan yang dipersyaratkan dan terms of the legal capital adequacy requirement,
mengkombinasikannya dengan tinjauan combined with assessment of economic outlooks.
perkembangan ekonomi terkini. Bank senantiasa Bank will continue to link financial and capital
akan menghubungkan tujuan keuangan dan adequacy goals to risk which can be tolerated
kecukupan modal terhadap risiko yang dapat appetite through the capital planning process
ditoleransi melalui proses perencanaan modal, begitu method as well as assess the businesses based on
pula dengan bisnis yang disesuaikan dengan tingkat Bank’s capital and liquidity requirements.
permodalan dan persyaratan likuiditas Bank.
178
Page 718
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. MANAJEMEN MODAL (lanjutan) 51. CAPITAL MANAGEMENT (continued)
Kebutuhan permodalan Bank juga direncanakan dan The capital needs of the Bank are also discussed
didiskusikan secara rutin yang didukung dengan and planned on a routine basis supported by data
data-data analisis. analysis.
Rencana Permodalan disusun oleh Dewan Direksi Capital Planning is prepared by the Board of
sebagai bagian dan Rencana Bisnis Bank dan Directors as part of Bank’s business plan and is
disetujui oleh Dewan Komisaris. Perencanaan ini approved by the Board of Commissioners. Capital
diharapkan akan memastikan tersedianya modal Planning ensures that adequate levels of capital and
yang cukup dan terciptanya struktur permodalan strong mix of the different components of capital are
yang kuat guna mendukung pertumbuhan bisnis ke maintained to support business growth in the future.
depan.
Otoritas Jasa Keuangan (OJK) menentukan dan Financial Services Authority (OJK) sets and monitors
mengawasi kebutuhan modal Bank. Bank diwajibkan capital requirements for the Bank. The Bank is
untuk menaati peraturan yang berlaku dalam hal ini required to comply with prevailing regulation in
modal yang diwajibkan regulator. Pendekatan Bank respect of regulatory capital. The Bank's approach to
terhadap pengelolaan modal ditentukan oleh strategi capital management is driven by bank's strategic
dan persyaratan organisasi bank, dengan and organisational requirements, taking into account
memperhitungkan peraturan, serta keadaan ekonomi regulatory, economic and commercial environment.
dan komersial.
Bank mematuhi semua persyaratan modal yang Bank has complied with all regulator imposed capital
ditetapkan oleh pihak regulator sepanjang periode requirements throughout the reporting period,
pelaporan, khususnya berkenaan dengan particularly regarding Capital Adequacy Ratio (CAR)
perhitungan Kewajiban Penyediaan Modal Minimum and calculation of Risk Weighted Assets (RWA).
(KPMM) dan Aktiva Tertimbang Menurut Risiko
(ATMR).
Bank menghitung kebutuhan modal berdasarkan Bank calculates its capital requirements in
POJK No.34/POJK.03/2016 tanggal 22 November accordance with POJK No.34/POJK.03/2016 dated
2016 tentang "Perubahan Atas Peraturan Otoritas November 22, 2016 about "Changes of Financial
Jasa Keuangan No.11/POJK.03/2016 tentang Service Authority Regulation No.11/POJK.03/2016
Kewajiban Penyediaan Modal Minimum Bank Umum" about Minimum Capital Reserve for Commercial
dan Surat Edaran OJK No.43/SEOJK.03/2016 Bank" and OJK Circular Letter
tentang "Transparansi dan Publikasi Laporan Bank No.43/SEOJK.03/2016 about "Transparency and
Umum Konvensional", dimana modal yang diwajibkan Publication Conventional Commercial Bank Report",
regulator dianalisa dalam dua tier sebagai berikut: where the regulatory capital is analysed into two
tiers as follows:
- Modal inti (tier 1), yang terdiri dari modal inti - Tier 1 capital, which consists of core and
utama dan modal inti tambahan. Modal inti utama additional core capital. Core capital includes
antara lain meliputi modal ditempatkan dan issued and fully paid-up capital, additional paid-
disetor penuh, tambahan modal disetor, in capital, general reserve, specific reserve,
cadangan umum, laba tahun-tahun lalu dan retained earnings and profit for the period/year
periode/tahun berjalan (100%), penghasilan (100%), other comprehensive income deriving
komprehensif lainnya berupa potensi from potential gain/loss from the changes in fair
keuntungan/kerugian yang berasal dari value of financial assets classified as available-
perubahan nilai wajar aset keuangan dalam for-sale, shortfall between allowable amount of
kelompok tersedia untuk dijual, selisih kurang dari allowance for uncollectible account on
penyisihan penghapusan aset produktif sesuai productive assets according to Bank Indonesia
ketentuan Bank Indonesia dan cadangan guideline and allowance for impairment losses
kerugian penurunan nilai asset produktif yang on productive assets. Deferred tax assets,
diperbolehkan. Aset pajak tangguhan, aset intangible assets (including goodwill) and share
takberwujud (termasuk goodwill) dan penyertaan investments (100%) are deducted from core
(100%) merupakan faktor pengurang modal inti capital. Additional core capital includes non-
utama. Modal inti tambahan antara lain terdiri dari cumulative preference shares, subordinated
saham preferen, surat berharga subordinasi dan securities and subordinated debts net of
pinjaman subordinasi dimana ketiganya bersifat buyback portion.
non kumulatif setelah dikurangi pembelian
kembali.
179
Page 719
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. MANAJEMEN MODAL (lanjutan) 51. CAPITAL MANAGEMENT (continued)
- Modal pelengkap (tier 2) antara lain meliputi - Supplementary capital (tier 2), which includes
instrumen modal, agio atau disagio, cadangan capital instruments, agio or disagio, general
umum aset produktif dan cadangan tujuan sesuai reserves of productive assets and purpose
ketentuan Bank Indonesia. reserves according to Bank Indonesia guideline.
Beberapa batasan berlaku untuk bagian-bagian modal Various limits have been set to elements of the
yang diwajibkan oleh regulator, antara lain Bank wajib regulatory capital, such as Banks are required to
menyediakan modal inti (tier 1) paling rendah sebesar provide core capital (tier 1) at a minimum of 6.00%
6,00% dari ATMR dan modal inti utama (Common from Risk Weighted Assets and Common Equity tier
Equity tier 1) paling rendah sebesar 4,50% dari ATMR, 1 at a minimum of 4.50% from Risk Weighted
baik secara individual maupun secara dengan entitas Assets, both individually and level with subsidiary.
anak.
- Modal tier 1, meliputi modal ditempatkan dan - Tier 1 capital, which includes issued and fully
disetor penuh, cadangan umum, saldo laba dan paid share capital, general reserve, retained
laba periode berjalan. earnings and profit for the period.
- Modal tier 2, meliputi penyisihan kerugian - Tier 2 capital, which includes the eligible
penurunan nilai yang diperbolehkan. amount of allowance for impairment losses.
Bank tidak mempunyai modal tambahan lain yang The Bank does not have any other supplementary
memenuhi kriteria modal tier 3 sesuai dengan capital which meets the criteria of tier 3 capital under
peraturan BI yang berlaku. prevailing BI regulation.
Berbagai batasan telah diterapkan untuk bagian-bagian Various limits are applied to elements of the
modal yang diwajibkan oleh regulator. Pengaruh dari regulatory capital. The effect of deferred taxation has
pajak tangguhan telah dikeluarkan dalam menentukan been excluded in determining the amount of retained
jumlah saldo laba untuk modal tier 1; hanya 50 persen earnings for tier 1 capital; only 50 percent of the
laba periode berjalan sebelum pajak tangguhan yang profit for the period before deferred taxation being
dapat diperhitungkan dalam modal tier 1; dan modal included in tier 1 capital; and qualifying tier 2 capital
tier 2 tidak boleh melebihi modal tier 1. Juga terdapat cannot exceed tier 1 capital. There is also a
batasan jumlah penyisihan kolektif penurunan nilai restriction on the amount of collective impairment
yang boleh dimasukkan sebagai bagian dari modal tier allowances that may be included as part of tier 2
2. capital.
ATMR Bank ditentukan berdasarkan persyaratan yang ATMR are determined according to specified
telah ditentukan yang mencerminkan berbagai requirements that seek to reflect the varying levels of
tingkatan risiko yang terkait dengan aset dan eksposur, risk attached to assets and exposures not
yang tidak tercermin dalam laporan posisi keuangan. recognized in the statement of financial position.
Berdasarkan peraturan BI, Bank diharuskan untuk Based on BI regulations, the Bank needs to take into
mempertimbangkan risiko kredit, risiko pasar dan risiko consideration its credit risk, market risk and
operasional dalam mengukur ATMR Bank. operational risk in measuring the ATMR.
Kebijakan Bank adalah menjaga modal yang kuat The Bank's policy is to maintain a strong capital base
untuk menjaga kepercayaan pemodal, kreditur dan so as to maintain investor, creditor and market
pasar dan untuk mempertahankan perkembangan confidence and to sustain future development of
bisnis di masa depan. Pengaruh tingkat modal business. The impact of the level of capital on
terhadap tingkat pengembalian ke pemegang saham shareholders' return is also recognized and the
juga diperhitungkan dan Bank juga memahami Banks also recognise the need to maintain a
perlunya menjaga keseimbangan antara tingkat balance between the higher return that might be
pengembalian yang tinggi, yang dimungkinkan dengan possible with greater gearing and the advantages
gearing yang lebih besar serta keuntungan-keuntungan and security level afforded by a strong capital
dan tingkat keamanan yang didapat dari posisi modal position.
yang kuat.
Manajemen menggunakan rasio permodalan yang Management uses regulatory capital ratios in order
diwajibkan regulator untuk memantau permodalan to monitor its capital base, and these capital ratios
Bank dan rasio-rasio modal ini tetap menjadi standar remain the industry standards for measuring capital
industri untuk mengukur kecukupan modal. adequacy. OJK’s approach to such measurement is
Pendekatan OJK untuk pengukuran ini terutama primarily based on monitoring the relationship of the
didasarkan pada pemantauan hubungan antara profil Bank’s risk profile with the available capital. The
risiko Bank dengan ketersediaan modal. Bank wajib Bank is required to provide minimum capital based
menyediakan modal minimum sesuai profil risiko. on the risk profile.
180
Page 720
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. MANAJEMEN MODAL (lanjutan) 51. CAPITAL MANAGEMENT (continued)
Penyediaan modal minimum sebagaimana dimaksud Minimum capital requirements are as follows:
ditetapkan sebagai berikut:
a. Untuk profil risiko peringkat 1 (satu), modal a. For banks with risk profile rating 1 (one), the
minimum terendah yang wajib dimiliki adalah 8% minimum capital requirement is 8% of Risk
dari Aset Tertimbang Menurut Risiko; Weighted Asset;
b. Untuk profil risiko peringkat 2 (dua), modal b. For banks with risk profile rating 2 (two), the
minimum terendah yang wajib dimiliki adalah 9% minimum capital requirement is 9% to less than
sampai dengan kurang dari 10% dari Aset 10% of Risk Weighted Asset;
Tertimbang Menurut Risiko;
c. Untuk profil risiko peringkat 3 (tiga), modal c. For banks with risk profile rating 3 (three), the
minimum terendah yang wajib dimiliki adalah 10% minimum capital requirement is 10% to less
sampai dengan kurang dari 11% dari Aset than 11% of Risk Weighted Asset; and
Tertimbang Menurut Risiko; dan
d. Untuk profil risiko peringkat 4 (empat) atau 5 d. For banks with risk profile rating 4 (four) or 5
(lima), modal minimum terendah yang wajib (five), the minimum capital requirement is 11%
dimiliki adalah 11% sampai dengan kurang dari to less than 14% of Risk Weighted Asset.
14% dari Aset Tertimbang Menurut Risiko.
Posisi modal yang diwajibkan regulator Bank sesuai The Bank's regulatory capital position under
peraturan Bank Indonesia yang berlaku pada tanggal prevailing Bank Indonesia regulation as of
31 Desember 2023 dan 2022 adalah sebagai berikut: December 31, 2023 and 2022 are as follows:
31 Desember/ 31 Desember/
December 31, December 31,
2023 2022
Modal inti (Tier 1) Core capital (Tier 1)
Modal inti utama (CET 1) 11.025.184 10.346.392 Common equity tier (CET 1)
Modal inti tambahan (AT 1) - - Additional equity tier (AT 1)
11.025.184 10.346.392
Modal pelengkap (Tier 2) 516.010 437.563 Supplementary capital (Tier 2)
Jumlah modal 11.541.194 10.783.955 Total capital
Aset Tertimbang Menurut Risiko Risk Weighted Asset
Risiko kredit 40.764.771 34.567.488 Credit risk
Risiko operasional 4.083.746 8.917.841 Operational risk
Risiko pasar 49.106 108.144 Market risk
Jumlah Aset Tertimbang Menurut Risiko 44.897.623 43.593.473 Total Risk Weighted Asset
Rasio kecukupan modal Capital Adequacy Ratio
Rasio CET 1 24,56% 23,73% CET 1 ratio
Rasio tier 1 24,56% 23,73% Tier 1 ratio
Rasio tier 2 1,15% 1,00% Tier 2 ratio
Rasio modal terhadap ATMR 25,71% 24,74% Ratio of capital to ATMR
Rasio kewajiban penyediaan Capital adequacy ratio
modal minimum untuk risiko with credit and
kredit dan risiko operasional 25,73% 24,80% operational risk
Rasio kewajiban penyediaan Capital adequcy ratio
modal minimum untuk risiko kredit, with credit. market
risiko pasar dan risiko operasional 25,71% 24,74% and operational risk
Rasio kewajiban penyediaan Minimum capital adequacy
modal minimum yang diwajibkan 9% - <10% 9% - <10% ratio required
181
Page 721
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. MANAJEMEN MODAL (lanjutan) 51. CAPITAL MANAGEMENT (continued)
OJK berwenang menetapkan modal minimum lebih OJK is authorised to stipulate minimum capital
besar dari modal minimum dalam hal OJK menilai greater than minimum capital in terms of OJK
suatu bank menghadapi potensi kerugian yang assesses a bank as facing potential losses which
membutuhkan modal lebih besar. requires a larger capital.
Berdasarkan self-assessment Bank, pada tanggal Based on its self-assessment, as of December 31,
31 Desember 2023 profil risiko Bank dinilai berada 2023 the Bank risk profile is assessed to be in rating
pada peringkat Low to Moderat (PK-2). Oleh karena itu, Low to Moderat (PK-2). Therefore, the Bank is
Bank berkewajiban untuk memenuhi modal minimum required to provide a minimum capital of 9% to less
sebesar 9% sampai dengan kurang dari 10%. than 10%. The Bank Capital Adequate Ratio was
Kewajiban Penyediaan Modal Minimum Bank berada 25,71%, which was higher than the required
pada level di atas modal minimum yang diwajibkan minimum provision of capital.
tersebut, yaitu sebesar 25.71%.
52. POSISI DEVISA NETO 52. NET OPEN POSITION
Perhitungan Posisi Devisa Neto (PDN) didasarkan The Net Open Position (NOP) was calculated based
pada Peraturan Bank Indonesia No.5/13/PBI/2003 on Bank Indonesia Regulation No.5/13/PBI/2003
tanggal 17 Juli 2003 sebagaimana telah diubah terakhir dated July 17, 2003 which was last amended by
dengan Peraturan Bank Indonesia No.12/10/PBI/2010 Bank Indonesia Regulation No.12/10/PBI/2010
tanggal 1 Juli 2010. Berdasarkan peraturan tersebut, dated July 1, 2010. Based on this regulation, the
Bank diwajibkan untuk menjaga rasio PDN laporan Bank is required to maintain overall and statement of
posisi keuangan dan secara keseluruhan maksimum financial position Net Open Position at a maximum
20% dari jumlah modal. PDN adalah penjumlahan nilai of 20% of the total capital. The ratio is the sum of the
absolut yang dinyatakan dalam rupiah dari selisih absolute values, which are stated in rupiah, of the
bersih antara aset dan liabilitas dalam mata uang asing net difference between the assets and liabilities
dan selisih bersih tagihan dan liabilitas komitmen dan denominated in each foreign currency and the net
kontinjensi yang dicatat dalam rekening administratif difference and payables of both commitments and
yang didenominasi dalam setiap mata uang. contingencies recorded in the administrative
accounts denominated in each currency.
PDN Bank pada tanggal-tanggal 31 Desember 2023 The Bank’s NOP as of December 31, 2023 and 2022
dan 2022 adalah sebagai berikut: are as follows:
31 Desember/
December 31,
2023
Aset/ Liabilitas/ Nilai neto/ Nilai absolut neto/
Mata uang Assets Liabilities Net value Net absolute value Currencies
POSISI KEUANGAN FINANCIAL POSITION
Dolar Amerika Serikat 434.208 394.155 40.053 40.053 United States Dollar
Riyal Saudi Arabia 15.436 - 15.436 15.436 Saudi Arabian Riyal
Dolar Singapura 71.918 68.077 3.841 3.841 Singapore Dollar
Euro 6.365 763 5.602 5.602 Euro
Ringgit Malaysia 1.984 - 1.984 1.984 Malaysian Ringgit
Poundsterling Inggris Raya 2.553 - 2.553 2.553 Great Britain Poundsterling
Dolar Australia 6.676 1 6.675 6.675 Australian Dollar
Yuan China Renminbi 4.673 1.310 3.363 3.363 Chinese Yuan Renminbi
Yen Jepang 1.072 33 1.039 1.039 Japanese Yen
Dolar Hong Kong 762 - 762 762 Hong Kong Dollar
545.647 464.339 81.308 81.308
REKENING ADMINISTRATIF ADMINISTRATIVE ACCOUNTS
Dolar Amerika Serikat - 47.915 (47.915) 47.915 United States Dollar
Jumlah 545.647 512.254 33.393 49.117 Total
Total modal (Catatan 51) 11.541.194 Total capital (Note 51)
Rasio Posisi Devisa Neto Net Open Position as a percentage
(Posisi keuangan) 0,70% of capital (Financial position)
Net Open Position as a percentage
Rasio Posisi Devisa Neto 0,43% of capital
182
Page 722
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. POSISI DEVISA NETO (lanjutan) 52. NET OPEN POSITION (continued)
December 31,
2022
Aset/ Liabilitas/ Nilai neto/ Nilai absolut neto/
Mata uang Assets Liabilities Net value Net absolute value Currencies
POSISI KEUANGAN FINANCIAL POSITION
Dolar Amerika Serikat 278.741 157.121 121.620 121.620 United States Dollar
Riyal Saudi Arabia 7.242 - 7.242 7.242 Saudi Arabian Riyal
Dolar Singapura 12.463 9.240 3.223 3.223 Singapore Dollar
Euro 4.392 1.609 2.783 2.783 Euro
Ringgit Malaysia 3.420 - 3.420 3.420 Malaysian Ringgit
Poundsterling Inggris Raya 1.464 - 1.464 1.464 Great Britain Poundsterling
Dolar Australia 6.176 - 6.176 6.176 Australian Dollar
Yuan China Renminbi 1.375 - 1.375 1.375 Chinese Yuan Renminbi
Yen Jepang 563 15 548 548 Japanese Yen
Dolar Hong Kong 845 20 825 825 Hong Kong Dollar
316.681 168.005 148.676 148.676
REKENING ADMINISTRATIF ADMINISTRATIVE ACCOUNTS
Dolar Amerika Serikat - 202.378 (202.378) 202.378 United States Dollar
Jumlah 316.681 370.383 (53.702) 351.054 Total
Total modal (Catatan 51) 10.783.955 Total capital (Note 51)
Rasio Posisi Devisa Neto Net Open Position as a percentage
(Posisi keuangan) 1,38% of capital (Financial position)
Net Open Position as a percentage
Rasio Posisi Devisa Neto 3,26% of capital
183
Page 723
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
53. ASET DAN LIABILITAS KEUANGAN 53. FINANCIAL ASSETS AND LIABILITIES
Nilai wajar yang diungkapkan di bawah ini adalah The fair values disclosed below are based on
berdasarkan informasi relevan yang tersedia pada available relevant information at the statement of
tanggal laporan posisi keuangan dan tidak diperbaharui financial position date and are not updated to reflect
untuk mencerminkan perubahan dalam kondisi pasar changes in market conditions which have occurred
yang telah terjadi setelah tanggal laporan posisi after the dates of the statements of financial position.
keuangan.
Tabel di bawah ini menyajikan nilai tercatat dan nilai The table below presents the carrying amount and
wajar aset dan liabilitas keuangan Bank pada tanggal fair values of the Bank’s financial assets and
31 Desember 2023 dan 2022: liabilites as of December 31, 2023 and 2022:
December 31, December 31,
2023 2022
Nilai tercatat/ Nilai wajar/ Nilai tercatat/ Nilai wajar/
Carrying value Fair value Carrying value Fair value
Aset Keuangan Financial Assets
Kas 2.652.775 2.652.775 1.988.262 1.988.262 Cash
Surat Berharga Securities
Nilai wajar melalui pendapatan komprehensif lain Fair value through other comprehensive income
Surat Utang Negara 7.762.560 7.762.560 8.476.609 8.476.609 Government bonds
Biaya perolehan diamortisasi Amortized cost
Surat Utang Negara 4.848.046 4.848.046 12.025.332 12.025.332 Government bonds
Obligasi: Bonds:
PT BCA Finance 30.000 30.000 - -
PT Pegadaian (Persero) 80.000 80.000 480.000 480.000 PT Pegadaian (Persero)
PT Bank Aceh Syariah - - 225.000 225.000 PT Bank Aceh Syariah
PT Pupuk Indonesia (Persero) 192.203 192.203 192.250 192.250 PT Pupuk Indonesia (Persero)
PT Astra Sedaya Finance 197.862 197.862 152.966 152.966 PT Astra Sedaya Finance
PT Bank Rakyat Indonesia (Persero) Tbk 181.055 181.055 146.035 146.035 PT Bank Rakyat Indonesia (Persero) Tbk
PT Semen Indonesia Persero 244.970 244.970 135.454 135.454 PT Semen Indonesia Persero
PT Sinarmas Tbk - - 100.000 100.000 PT Sinarmas Tbk
PT Federal International Finance Tbk 112.190 112.190 99.615 99.615 PT Federal International Finance Tbk
PT Kereta Api Indonesia (Persero) 90.877 90.877 91.519 91.519 PT Kereta Api Indonesia (Persero)
PT Bank Negara Indonesia Tbk 80.000 80.000 80.000 80.000 PT Bank Negara Indonesia Tbk
PT Tower Bersama Infrastructure Tbk 69.338 69.338 - - PT Tower Bersama Infrastructure Tbk
PT Perusahaan Listrik Negara (Persero) 83.628 83.628 69.861 69.861 PT Perusahaan Listrik Negara (Persero)
PT Jasa Marga (Persero) Tbk 33.158 33.158 63.243 63.243 PT Jasa Marga (Persero) Tbk
PT XL Axiata Tbk 85.097 85.097 60.000 60.000 PT XL Axiata Tbk
PT Permodalan Nasional Madani 104.218 104.218 50.000 50.000 PT Permodalan Nasional Madani
PT Maybank Indonesia Tbk 23.000 23.000 33.032 33.032 PT Maybank Indonesia Tbk
PT Bank Tabungan Negara (Persero) Tbk 27.000 27.000 32.003 32.003 PT Bank Tabungan Negara (Persero) Tbk
PT Toyota Astra Financial Services 25.000 25.000 - - PT Toyota Astra Financial Services
PT Indonesia Infrastructure Finance - - 30.148 30.148 PT Indonesia Infrastructure Finance
PT Bank Mandiri (Persero) Tbk 114.000 114.000 27.189 27.189 PT Bank Mandiri (Persero) Tbk
PT Sarana Multigriya Finansial (Persero) 133.308 133.308 26.000 26.000 PT Sarana Multigriya Finansial (Persero)
PT Adira Dinamika Multi Finance Tbk 74.888 74.888 24.803 24.803 PT Adira Dinamika Multi Finance Tbk
PT Bank Mandiri Taspen 29.021 29.021 24.011 24.011 PT Bank Mandiri Taspen
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Jawa Barat dan Banten Tbk - - 12.219 12.219 Jawa Barat dan Banten Tbk
PT Bank Pan Indonesia Tbk - - 10.008 10.008 PT Bank Pan Indonesia Tbk
PT Telekomunikasi Indonesia Tbk 5.279 5.279 5.454 5.454 PT Telekomunikasi Indonesia Tbk
PT Mandiri Tunas Finance Tbk 58.174 58.174 5.265 5.265 PT Mandiri Tunas Finance Tbk
PT Hutama Karya (Persero) - - - - PT Hutama Karya (Persero)
PT WOM Finance 15.036 15.036 - - PT WOM Finance
Sekuritas Rupiah Bank Indonesia 592.400 592.400 - - Bank Indonesia Rupiah Securites
Sukuk Bank Indonesia 450.000 450.000 400.000 400.000 Bank Indonesia Sukuk
Sertifikat Investasi Mudharabah Antarbank (SIMA): Interbank Mudharabah Investment Certificates:
PT Bank Syariah Mega Indonesia 30.000 30.000 - - PT Bank Syariah Mega Indonesia
PT Bank Sinarmas Tbk - - 100.000 100.000 PT Bank Sinarmas Tbk
PT Bank Aceh Syariah 150.000 150.000 225.000 225.000 PT Bank Aceh Syariah
PT Bank Muamalat Indonesia Tbk 100.000 100.000 - - PT Bank Muamalat Indonesia Tbk
PT Bank Syariah Indonesia Tbk 70.000 70.000 - - PT Bank Syariah Indonesia Tbk
PT Bank NTB Syariah 100.000 100.000 - - PT Bank NTB Syariah
Negotiable Certificate of Deposit (NCD): Negotiable Certificate of Deposit:
PT Bank Negara Indonesia Tbk 28.500 28.500 47.237 47.237 PT Bank Negara Indonesia Tbk
Reksadana: Reksadana:
PT Permodalan Nasional Madani 90.000 90.000 90.000 90.000 PT Permodalan Nasional Madani
Surat kredit berdokumen dalam negeri 12.913 12.913 Domestic L/C
Wesel 112 112 2.418 2.418 Bill
16.323.831 16.323.831 23.542.670 23.542.670
18.976.606 18.976.606 25.530.932 25.530.932
184
Page 724
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
53. ASET DAN LIABILITAS KEUANGAN (lanjutan) 53. FINANCIAL ASSETS AND LIABILITIES
(continued)
2023 2022
Nilai tercatat/ Nilai wajar/ Nilai tercatat/ Nilai wajar/
Carrying value Fair value Carrying value Fair value
Biaya perolehan diamortisasi Amortised cost
Giro pada Bank Indonesia 7.971.412 7.971.412 10.786.740 10.786.740 Current accounts with Bank Indonesia
Giro pada Bank lain 491.330 491.330 303.129 303.129 Current accounts with other banks
Penempatan pada Bank Indonesia Placement with Bank Indonesia
dan bank lain 5.234.721 5.234.721 6.916.329 6.916.329 and other banks
Surat berharga 16.323.831 16.323.831 23.217.671 23.217.671 Marketable securities
Surat berharga yang dijual untuk dijual kembali 8.303.663 8.303.663 4.095.066 4.095.066 Marketable securities sold under repurchased agreement
Tagihan reverse repo 6.247.318 6.247.318 7.822.847 7.822.847 Reverse repo receivables
Tagihan lainnya 223.138 223.138 286.147 286.147 Other receivables
Kredit yang diberikan dan pembiayaan syariah Loans and sharia financing
Modal kerja 15.550.351 15.550.351 10.968.010 10.968.010 Working capital
Investasi 8.002.279 8.002.279 6.570.658 6.570.658 Investment
Konsumsi 31.208.273 31.208.273 28.657.989 28.657.989 Consumption
Pendapatan bunga yang masih akan diterima 685.734 685.734 646.125 646.125 Interest receivables
100.242.050 100.242.050 100.270.711 100.270.711
Jumlah 116.565.881 116.565.881 123.813.381 123.813.381 Total
Liabilitas keuangan Financial liabilities
Liabilitas lain-lain Other liabilities
Liabilitas segera 987.605 987.605 872.514 872.514 Obligations due immediately
Simpanan nasabah 75.849.855 75.849.855 81.767.383 81.767.383 Deposits from customers
Simpanan dari bank lain 2.560.321 2.560.321 3.339.123 3.339.123 Deposits from other banks
Pinjaman yang diterima 596.977 596.977 553.399 553.399 Borrowings
Beban yang masih harus dibayar 504.748 504.748 520.840 520.840 Accrued expenses
Liabilitas lain-lain 779.314 779.314 550.119 550.119 Other liabilities
Jumlah 81.278.820 81.278.820 87.603.378 87.603.378 Total
i. Giro pada Bank Indonesia, giro pada bank lain, i. Current accounts with Bank Indonesia, other
penempatan pada Bank Indonesia dan bank lain, banks, placements with Bank Indonesia and
surat-surat berharga dan tagihan lainnya other banks, marketable securities and other
receivables
Nilai tercatat dari kas dan setara kas, giro serta Carrying value of cash and cash equivalents,
penempatan dengan suku bunga mengambang current accounts and placements at floating
adalah perkiraan yang layak atas nilai wajar. interest rates are the reasonable estimates of
fair value.
Estimasi nilai wajar terhadap penempatan dengan The estimated fair value of placements with fixed
suku bunga tetap, surat-surat berharga dan interest rates, marketable securities and other
tagihan lainnya ditetapkan berdasarkan diskonto receivables are determined based on
arus kas dengan menggunakan suku bunga pasar discounted cash flows using the prevailing
uang yang berlaku untuk utang dengan risiko money market interest rates for debt with the
kredit dan sisa jatuh tempo yang serupa. Karena same credit risks and remaining maturity.
sisa jatuh tempo di bawah 1 (satu) tahun, Because the residual maturity dates are below
sehingga nilai tercatat dari penempatan dengan 1 (one) year, the carrying amount of fixed rate
suku bunga tetap, surat-surat berharga dan placements, marketable securities and other
tagihan lainnya adalah perkiraan yang layak atas receivables are reasonable estimates of fair
nilai wajar. value.
185
Page 725
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
53. ASET DAN LIABILITAS KEUANGAN (lanjutan) 53. FINANCIAL ASSETS AND LIABILITES (continued)
ii. Kredit yang diberikan dan pembiayaan syariah ii. Loans and sharia financing
Portofolio kredit Bank terdiri dari kredit yang The Bank credit portfolio consists of loans with
diberikan dengan suku bunga tetap. Kredit yang fixed interest rates. The loans are stated at
diberikan dinyatakan berdasarkan jumlah nilai carrying amounts. The fair value of the loans
tercatat. Nilai wajar dari kredit yang diberikan shows the estimated value of discounted future
menunjukkan nilai diskonto dari perkiraan arus cash flows expected to be received by the
kas masa depan yang diharapkan akan diterima Bank. Estimated cash flows are discounted
oleh Bank. Perkiraan arus kas ini didiskontokan using market interest rates to determine fair
dengan menggunakan suku bunga pasar untuk values.
menentukan nilai wajar.
iii. Liabilitas segera, simpanan dari nasabah dan iii. Liabilities immediately payable, deposits from
simpanan dari bank lain dan liabilitas lain-lain customers and deposits from other banks and
other liabilities
Estimasi nilai wajar liabilitas segera, simpanan The estimated fair value of liabilities
tanpa jatuh tempo, termasuk simpanan tanpa immediately payable, deposits with no
bunga adalah sebesar jumlah terutang ketika specified maturity, including non-interest-
utang tersebut dibayarkan. bearing deposits represent payable amounts
when the debt is paid.
Estimasi nilai wajar terhadap simpanan dengan The estimated fair value of deposits with fixed
tingkat suku bunga tetap dan liabilitas lain-lain interest rates and other liabilities that do not
yang tidak memiliki kuotasi di pasar aktif have a quotation price in an active market is
ditetapkan berdasarkan diskonto arus kas dengan determined based on discounted cash flows
menggunakan suku bunga utang baru dengan using the interest rates of new debt with similar
sisa jatuh tempo yang serupa. Adalah tidak maturities. There is no practice to estimate the
praktis untuk memperkirakan nilai wajar dari fair value of security deposits due to they have
setoran jaminan dikarenakan tidak memiliki no certain settlement schedule, although is not
jangka waktu pembayaran yang tetap meskipun expected to be settled within 12 months after
tidak diharapkan dapat diselesaikan dalam waktu the reporting date, the carrying amount of fixed
12 bulan setelah tanggal pelaporan, sehingga rate deposits and other liabilities are
nilai tercatat dari simpanan dengan suku bunga reasonable estimates of fair value.
tetap dan liabilitas lain-lain adalah perkiraan yang
layak atas nilai wajar.
iv. Surat berharga iv. Marketable securities
Nilai wajar untuk surat berharga yang dimiliki The fair value for marketable securities held to
hingga jatuh tempo ditetapkan berdasarkan harga maturity is determined based on market prices
pasar atau harga kuotasi perantara (broker)/ or quotation prices of intermediaries
pedagang efek (dealer). Jika informasi ini tidak (brokers)/securities dealers. If this information
tersedia, nilai wajar diestimasi dengan is not available, fair value is estimated using
menggunakan harga pasar kuotasi efek yang quotation market prices of securities with
memiliki karakteristik kredit, jatuh tempo dan yield similar credit characteristics, maturities and
yang serupa. Surat berharga yang tersedia untuk yields. The Available for sale for marketable
dijual adalah surat berharga yang ditetapkan securities are intended to be held for indefinite
untuk dimiliki pada periode tertentu dimana akan period of time, which may be sold in response
dijual dalam rangka pemenuhan likuiditas atau to needs for liquidity or changes in interest
perubahan suku bunga, valuta asing atau yang rates, exchange rates or that are not classified
tidak diklasifikasikan sebagai pinjaman yang as loans and receivables, held to maturity or
diberikan atau piutang, aset keuangan yang financial assets at fair value through profit or
diklasifikasikan dalam kelompok dimiliki hingga loss.
jatuh tempo atau aset keuangan yang diukur
pada nilai wajar melalui laba rugi.
v. Pinjaman yang diterima v. Borrowings
Dihitung berdasarkan diskonto arus kas sesuai The calculation is based on the discounted
dengan sisa periode jatuh temponya. cash flow corresponding to the remaining
period to maturity.
186
Page 726
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
54. LIABILITAS IMBALAN KERJA PASTI 54. DEFINED EMPLOYEE BENEFIT LIABILITIES
Program pensiun manfaat pasti Defined benefit pension plan
Bank menyelenggarakan Program Pensiun Manfaat The Bank provides a Defined Benefit Pension Plan
Pasti bagi seluruh karyawan Bank yang memenuhi for all qualified employees in accordance with the
persyaratan sebagaimana diatur dalam Peraturan PT Regulation of Pension Funds of “PT Dana Pensiun
Dana Pensiun PT Bank Pembangunan Daerah Jawa Bank Pembangunan Daerah Jawa Timur Tbk“
Timur Tbk (Dapen Bank Jatim). Dalam program ini, (Dapen Bank Jatim).. Based on this program, the
manfaat pensiun diberikan berdasarkan persyaratan right of pension benefits is provided based on the
yang ditetapkan dalam peraturan Bank dengan requirements as set out in the regulation considering
memperhatikan penghargaan per tahun masa kerja, the annual service factors, past service and the
jasa lalu dan Penghasilan Dana Pensiun. Program Pension Fund’s income. The Bank’s pension funds
dana pensiun Bank dikelola oleh Dapen Bank Jatim, program is managed by Dapen Bank Jatim.
sesuai dengan ketentuan yang diatur dalam Surat Pursuant to the terms provided the Bank Directors’
Keputusan Direksi Bank, karyawan Bank memberikan Decision Letter, the employees’ pension fund
kontribusi pada dana pension sebesar 5% dari contribution is 5% of the pensionable basic income
penghasilan dasar pension pekerja dan sisanya of employees and the remaining pension fund
merupakan kontribusi Bank. contributions are paid by the Bank.
i. Penilaian aktuaria atas beban pensiun per 31 i. The actuarial valuation of pension expense as
Desember 2023 dan 2022 dilakukan oleh Kantor of December 31, 2023 and 2022 were made
Konsultan Aktuaria Agus Susanto, aktuaris by Konsultan Aktuaria Agus Susanto, an
independen, berdasarkan laporannya tanggal 4 independent actuarial firm, based on their
Januari 2024 dan 24 Januari 2023 telah sesuai report dated January 4, 2024 and January 24,
dengan PSAK 24 (revisi 2013) dengan 2023 conform with the PSAK 24 (revised
menggunakan metode Projected Unit Credit serta 2013) with use calculated method Projected
mempertimbangkan asumsi-asumsi Unit Credit also considers assumptions
sebagai berikut: are as follows :
31 Desember/ 31 Desember/
December 31, December 31,
2023 2022
Asumsi ekonomi Economic assumptions
Tingkat diskonto 7,00% 7,40% Discount rate
Tingkat kenaikan penghasilan dasar pensiun 0,00% 0,00% Pension basic income growth
Tingkat bunga imbal hasil investasi aset 7,00% 7,40% Investment yield of plan aset
Asumsi lainnya Other assumptions
Tingkat mortalita GAM-1971 Mortality table
Usia pensiun normal 58 tahun/years Normal retirement age
Tingkat cacat 10% Mortalita Disability rate
Tingkat pengunduran diri untuk usia: Retirement rate per year for ages:
Usia 18-45 tahun 3% pada usia 20 tahun menurun 18-45 years old
linier sampai dengan usia 45 tahun/
3% to age 20 years old decreased
linierly until age 45 years old
Usia 46-55 tahun 5% per tahun/per year 46-55 years old
187
Page 727
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
54. LIABILITAS IMBALAN KERJA PASTI (lanjutan) 54. DEFINED EMPLOYEE BENEFIT LIABILITIES
(continued)
Program pensiun manfaat pasti (lanjutan) Defined benefit pension plan (continued)
ii. Komposisi aset dana pensiun, terdiri dari: ii. Pension plan assets primarily consists of:
December 31,
2023 2022
Deposito berjangka 13,70% 13,70% Time deposits
Obligasi korporasi 72,60% 72,60% Corporate Bonds
Properti 7,00% 7,00% Property
Lainnya 6,70% 6,70% Others
iii. Perhitungan kewajiban program pensiun manfaat iii. The calculation of defined benefit pension plan
pasti yang diakui di dalam laporan posisi obligations recognized in the statement of
keuangan adalah sebagai berikut: financial position are as follows:
2023 2022 2021 2020 2019
Nilai kini kewajiban 961.785 912.082 986.872 868.937 738.556 Present value of liabilities
Nilai wajar aset program (839.753) (800.814) (763.453) (662.634) (533.439) Fair value of assets program
Status pendanaan 122.032 111.268 223.419 206.303 205.117 Funded status
Liabilitas (aset) imbalan pasti - neto 122.032 111.268 223.419 206.303 205.117 Liabilities (Assets) defined benefit - net
iv. Mutasi atas kewajiban program pensiun manfaat iv. The calculation movement of defined benefit
pasti adalah sebagai berikut: pension plan obligations are as follows:
31 Desember/
December 31,
2023 2022
Aset imbalan pasti Asset defined benefit
neto awal tahun 111.268 223.419 net at beginning of year
Biaya imbalan pasti: Expenses for the year:
Jumlah yang diakui dalam laba rugi 19.156 31.586 Amount recognized in the profit and losses
Pengukuran kembali liabilitas (aset) Remeasurement of liabilities (assets) in the
periode berjalan 6.367 (95.354) current year
Pembayaran iuran dari pendiri (14.759) (48.383) Paid of contribution from employeer
Liabilitas imbalan pasti neto 122.032 111.268 Liabilities defined benefit - net
v. Perhitungan biaya program pensiun manfaat pasti v. The calculation of defined benefit pension plan
yang diakui di dalam laporan laba rugi adalah expenses recognized in the statement of profit
sebagai berikut: or loss are as follows:
2023 2022
Biaya jasa kini 10.922 14.830 Current service cost
Biaya jasa lalu - vested Past service cost - vested
Keuntungan/kerugian atas penyelesaian Gain/losses on settlement
Bunga neto atas liabilitas (aset) imbalan: Net interest on liabilities (asset) defined:
Biaya bunga 67.494 74.015 Interest cost
Pendapatan bunga dari aset (59.260) (57.259) Interest income from assets
Biaya imbalan kerja yang diakui di Recognized employee benefit cost on
19.156 31.586
laporan laba rugi statement of profit or loss
188
Page 728
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
54. LIABILITAS IMBALAN KERJA PASTI (lanjutan) 54. DEFINED EMPLOYEE BENEFIT LIABILITIES
(continued)
Program pensiun manfaat pasti (lanjutan) Defined benefit pension plan (continued)
vi. Mutasi atas nilai wajar aset program adalah vi. The movement in the fair value of plan asset
sebagai berikut: are as follows:
2023 2022
Saldo awal 800.814 763.453 Beginning balance
Hasil pengembangan riil 59.260 57.259 Actual investment result
Imbalan hasil atas aset program 5.516 (22.775) Return on plan assets
Pembayaran iuran-iuran – pemberi kerja 14.759 44.919 Contribution paid – employer’s
Pembayaran iuran-iuran – peserta program 3.209 3.463 Contribution paid – employee plan
Pembayaran imbalan kerja (43.805) (45.505) Actual benefit paid
Saldo akhir 839.753 800.814 Ending balance
vii. Perhitungan biaya program pensiun manfaat pasti vii. The calculation of defined benefit pension plan
yang diakui di dalam penghasilan komprehensif expenses recognized in the other
lain adalah sebagai berikut: comprehensive income are as follows:
2023 2022
Keuntungan (kerugian) aktuaria Actuarial gain (losses)
pada kewajiban 11.883 (118.130) on obligation
Keuntungan (kerugian) aktuaria pada aset (5.516) 22.775 Actuarial gain (losses) on asset
Biaya yang diakui di Recognized cost in
penghasilan komprehensif lain 6.367 (95.355) other comprehensive income
Imbalan pasca kerja program manfaat lain pada dana Post-employment benefits from other programs on
pensiun pension funds
Berdasarkan Peraturan Otoritas Jasa Keuangan Based on the Financial Services Authority Regulation
No.5/POJK.05/2017 tentang iuran, manfaat pensiun, No.5/POJK.05/2017 concerning contributions,
dan manfaat lain yang diselenggarakan oleh dana pension benefits, and other benefits held by pension
pensiun, selain menyelenggarakan program pensiun, funds, in addition to organizing pension programs,
DPPK, dan DPLK, Bank dapat menyelenggarakan atau DPPK, and DPLK, the Bank can organize or provide
memberikan manfaat lain kepada peserta. Manfaat lain other benefits to participants. Another benefit is the
adalah pembayaran manfaat selain manfaat pensiun payment of benefits other than pension benefits that
yang dapat dilakukan oleh Dana Pensiun dan diatur can be made by the Pension Fund and regulated in
dalam peraturan Dana Pensiun. Imbalan pegawai the Pension Fund regulations. Employee benefits are
dihitung berdasarkan Peraturan Dana Pensiun Bank calculated based on Pension Fund Regulations of
Pembangunan Daerah Jawa Timur, Tbk No. the Bank Pembangunan Daerah Jawa Timur, Tbk
058/050.2/DIR/HCP/KEP tanggal 12 Maret 2019 yang No.058/050.2/DIR/HCP/KEP dated March 12, 2019
telah disahkan berdasarkan Keputusan Dewan which was ratified based on the Decision of the
Komisioner Otoritas Jasa Keuangan No.Kep- Board of Commissioners of the Financial Services
24/NB.1/2019 tanggal 14 Juni 2019. Bank menentukan Authority No.Kep-24/NB.1/2019 dated June 14,
manfaat lain bagi Peserta dalam tiga bentuk, antara 2019. The Bank determines other benefits for
lain dana manfaat tambahan, dana santunan Participants in three forms, including additional
kesehatan, dan dana santunan kematian. Manfaat ini benefit funds, health compensation funds, and death
mulai diberikan oleh Bank terhitung sejak disahkan compensation funds. This benefit will be provided by
oleh Otoritas Jasa Keuangan. the Bank starting from ratified by the Financial
Service Authority.
189
Page 729
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
54. LIABILITAS IMBALAN KERJA PASTI (lanjutan) 54. DEFINED EMPLOYEE BENEFIT LIABILITIES
(continued)
Program pensiun manfaat pasti (lanjutan) Defined benefit pension plan (continued)
i. Penilaian aktuaria atas beban pensiun dihitung i. Actuarial valuation on pension expense is
oleh Kantor Konsultan Aktuaria Agus Susanto calculated by Kantor Konsultan Aktuaria Agus
untuk tanggal valuasi per 31 Desember 2023 dan Susanto for the valuation date as of December
2022. Penilaian aktuaria telah sesuai dengan 31, 2023 and 2022. Actuarial valuation is in
PSAK 24 (revisi 2016) dengan menggunakan accordance with PSAK 24 (revised 2016) using
metode Projected Unit Credit serta the projected unit credit method and considering
mempertimbangkan asumsi-asumsi sebagai the following assumptions:
berikut:
2023 2022
Asumsi ekonomi Economic assumptions
Tingkat diskonto 7.00% 7.40% Discount rate
Tingkat kenaikan penghasilan dasar pensiun 0.00% 0.00% Pension basic income growth
Tingkat bunga imbal hasil investasi aset 7.00% 7.40% Investment yield of plan aset
Asumsi lainnya Other assumptions
Tingkat mortalita GAM-1971 Mortality table
Usia pensiun normal 58 tahun/years Normal retirement age
Tingkat cacat 10% Mortalita Disability rate
Tingkat pengunduran diri untuk usia: Retirement rate per year for ages:
Usia 18-45 tahun 3% pada usia 20 tahun menurun 18-45 years old
linier sampai dengan usia 45 tahun/
3% to age 20 years old decreased
linierly until age 45 years old
Usia 46-55 tahun 5% per tahun/per year 46-55 years old
ii. Komposisi aset dana pensiun, terdiri dari: ii. Composition of pension fund assets, consisting
of:
2023 2022
Deposito berjangka 13,70% 13,70% Time deposits
Obligasi korporasi 72,60% 72,60% Corporate Bonds
Properti 7,00% 7,00% Property
Lainnya 6,70% 6,70% Others
iii. Perhitungan kewajiban program pensiun manfaat iii. Calculation of other benefit pension plan
lain yang diakui di dalam laporan posisi keuangan obligations recognized in the financial position
adalah sebagai berikut: report are as follows:
2023 2022
Nilai kini kewajiban 228.754 204.612 Present value of liabilities
Nilai wajar aset program (271.404) (259.207) Fair value of assets program
Biaya dibayar dimuka (42.650) (54.595) Prepaid expenses
190
Page 730
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
54. LIABILITAS IMBALAN KERJA PASTI (lanjutan) 54. DEFINED EMPLOYEE BENEFIT LIABILITIES
(continued)
Program pensiun manfaat pasti (lanjutan) Defined benefit pension plan (continued)
iv. Mutasi atas kewajiban program pensiun manfaat iv. The mutations of the defined benefit pension
pasti adalah sebagai berikut: plan obligations are as follows:
2023 2022
Liabilitas (aset) imbalan pasti Liabilities (asset) defined benefit
neto awal tahun 54.595 22.940 net at beginning of year
Biaya imbalan pasti: Expenses for the year:
Jumlah yang diakui dalam laba rugi (4.591) (4.433) Amount recognized in the profit and losses
Pengukuran kembali liabilitas (aset) Remeasurement of liabilities (assets)
periode berjalan (7.354) 16.317 in the current year
Pembayaran iuran dari pendiri - 19.771 Paid of contribution from employeer
Liabilitas imbalan pasti neto 42.650 54.595 Liabilities defined benefit - net
v. Perhitungan biaya program pensiun manfaat pasti v. The calculation of the cost of a defined benefit
yang diakui di dalam Laporan Laba Rugi adalah pension plan recognized in the Income
sebagai berikut: Statement is as follows:
2023 2022
Biaya jasa kini 4.591 4.433 Current service cost
Bunga neto atas liabilitas (aset) imbalan: Net interest on liabilities (asset) defined:
Biaya bunga 15.141 14.891 Interest cost
Pendapatan bunga dari aset (19.181) (16.611) Interest income from assets
Bunga atas dampak batasan aset 4.040 1.720 Interest of the asset ceiling
Biaya imbalan kerja yang diakui di Recognized employee benefit cost on
4.591 4.434
laporan laba rugi statement of profit or loss
vi. Mutasi atas nilai wajar aset program pensiun vi. The movement in the fair value of a defined
manfaat pasti adalah sebagai berikut: benefit pension asset are as follows:
2023 2022
Saldo awal 259.207 221.492 Beginning balance
Hasil yang diharapkan dari aset 19.181 16.611 Results expected from assets
Pembayaran iuran-iuran – pemberi kerja - 19.772 Payment of contributions - employers
Pembayaran imbalan kerja (7.738) (6.777) Payment of employee benefits
Laba (rugi) aktuaria pada aset 754 8.109 Actuarial gain (loss) on assets
Saldo akhir 271.404 259.207 Ending balance
191
Page 731
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
54. LIABILITAS IMBALAN KERJA PASTI (lanjutan) 54. DEFINED EMPLOYEE BENEFIT LIABILITIES
(continued)
Program pensiun manfaat pasti (lanjutan) Defined benefit pension plan (continued)
vii. Perhitungan biaya program pensiun manfaat pasti vii. The calculation of the cost of a defined benefit
yang diakui di dalam penghasilan komprehensif pension plan recognized in other
lain adalah sebagai berikut: comprehensive income is as follows:
2023 2022
Keuntungan (kerugian) aktuaria pada kewajiban 12.149 (6.487) Actuarial gains (losses) on liabilities
Keuntungan aktuaria pada aset (754) (8.109) Actuarial gains on assets
Perubahan pada dampak batasan aset Changes to the impact of asset
(15.985) 29.935
tidak termasuk bunga limits exclude interest
Diakui di penghasilan komprehensif lain (4.590) 15.339 Recognised in other comprehensive income
viii. Pengukuran kembali atas liabilitas (aset) program viii. Measurement of return on liabilities (assets)
pensiun manfaat pasti adalah sebagai berikut: defined benefit pension plans is as follows:
2023 2022
Saldo awal (1.830) (17.169) Beginning balance
(Keuntungan) kerugian aktuaria pada kewajiban 12.149 (6.487) Actuarial (gains) losses on liabilities
(Keuntungan) kerugian aktuaria pada aset (754) (8.109) Actuarial (gains) losses on assets
Perubahan pada dampak batasan aset Changes to the impact of asset
(15.986) 29.935
tidak termasuk bunga limits exclude interest
Jumlah pengukuran kembali atas aset Amount of re-measurement of
(6.421) (1.830)
imbalan pasti neto net defined benefit assets
Program pensiun iuran pasti Defined contribution pension plan
Bank juga memiliki program pensiun iuran pasti, untuk Bank also has a defined contribution pension plan for
karyawannya. Bank mengikutsertakan pegawai tetap its employees. The Bank has a participate permanent
dalam program pensiun iuran pasti yang dikelola oleh employee in defined contribution pension plan is
Dana Pensiun Lembaga Keuangan PT Bank Rakyat managed by Dana Pensiun Lembaga Keuangan PT
Indonesia (Persero) Tbk. Bank Rakyat Indonesia (Persero) Tbk.
Pegawai tetap yang bergabung dengan Bank setelah The permanent employees who joined the Bank after
bulan April 2012, memiliki hak atas program pensiun April 2012, are entitled to benefits under defined
iuran pasti atau manfaat yang disediakan sesuai contribution plan or the benefits provided for under
dengan Undang-Undang Tenaga Kerja No.13/2003, the Labour Law No.13/2003, whichever is higher.
mana yang lebih tinggi.
Pegawai tetap yang bergabung dengan Bank sebelum The permanent employees who joined the Bank prior
bulan April 2012, memiliki hak atas program pensiun to April 2012, are entitled to benefits pension plan
manfaat pasti ditambah dengan program pensiun iuran plus defined contribution pension plan, or the benefits
pasti atau manfaat yang disediakan sesuai dengan provided for under the Labour Law No.13/2003,
Undang-Undang Tenaga Kerja No.13/2003, mana yang whichever is higher.
lebih tinggi.
192
Page 732
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
54. LIABILITAS IMBALAN KERJA PASTI (lanjutan) 54. DEFINED EMPLOYEE BENEFIT LIABILITIES
(continued)
Program pensiun iuran pasti (lanjutan) Defined contribution pension plan (continued)
Pada tahun 2016, Bank melakukan evaluasi In year 2016, the Bank evaluates the calculation of
perhitungan program pensiun iuran pasti dimana defined contribution pension plan where the
imbalan pegawai dihitung sebesar selisih Undang- employees benefit is calcuated as the difference
Undang Ketenagakerjaan No.13 tahun 2003 dan between the Labour Law No.13/2003 and defined
imbalan pensiun sesuai iuran Bank ke Dana Pensiun contribution pension based on contribution Bank to
Lembaga Keuangan (DPLK), di luar uang penggantian Dana Pensiun Lembaga Keuangan (DPLK), except
imbalan yang berkaitan dengan cuti tahunan, ongkos replacement of annual leave rights, the cost of return
pulang ketempat dimana pegawai diterima bekerja. to a place where an employee was hired.
i. Penilaian aktuaria atas program pensiun iuran i. The actuarial calculations of difference defined
pasti selisih dengan Undang-Undang contribution pension plan Labour Law
Ketenagakerjaan No.13 tahun 2003 dan imbalan No.13/2003 and defined contribution pension
pensiun sesuai iuran Bank ke Dana Pensiun based on contribution Bank to Dana Pensiun
Lembaga Keuangan (DPLK) untuk tahun yang Lembaga Keuangan (DPLK) for the year ended
berakhir pada 31 Desember 2023 dan 2022, December 31, 2023 and 2022, were prepared
dilakukan oleh Kantor Konsultan Aktuaria Agus by a registered actuarial consulting firm, Kantor
Susanto dengan menggunakan metode Projected Konsultan Aktuaria Agus Susanto, using the
Unit Credit sebagaimana yang dijelaskan dalam “Projected Unit Credit” method as discussed an
laporan aktuaris pada tanggal 4 Januari 2024 dan independent actuary report dated January 4,
24 Januari 2023 yaitu sebagai berikut: 2024 and January 24, 2023, are as follows:
Asumsi-asumsi utama yang digunakan dalam Key assumptions used in the actuarial
perhitungan dalam perhitungan adalah: calculation are as follows:
31 Desember/
December 31,
2023 2022
Asumsi ekonomi Economic assumptions
Tingkat diskonto 7,10% 7,40% Discount rate
Tingkat kenaikan gaji 5,00% 5,00% Annual salary growth rate
Tingkat bunga imbal hasil investasi aset 0,00% 0,00% Investment yield of plan aset
Asumsi lainnya Other assumptions
Tingkat mortalita GAM-1971 Mortality table
Usia pensiun normal 58 tahun/years Normal retirement age
Tingkat cacat 10% Mortalita Disability rate
Tingkat pengunduran diri untuk usia: Retirement rate per year for ages:
Usia 18-45 tahun 3% pada usia 20 tahun menurun 18-45 years old
linier sampai dengan usia 45 tahun/
3% to age 20 years old decreased
linierly until age 45 years old
Usia 46-55 tahun 5% per tahun/per year 46-55 years old
ii. Biaya imbalan kerja yang dibebankan pada ii. The employee benefit expenses recognized in
laporan laba rugi adalah sebagai berikut: profit or loss, are as follows:
2023 2022
Biaya jasa kini 2.649 2.653 Current service cost
Biaya bunga neto 3.731 4.348 Interest cost net
Biaya yang dibebankan pada Expense recognized in
laporan laba rugi 6.380 7.001 statement of profit or loss
31 Desember/
193
Page 733
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
54. LIABILITAS IMBALAN KERJA PASTI (lanjutan) 54. DEFINED EMPLOYEE BENEFIT LIABILITIES
(continued)
Program pensiun iuran pasti (lanjutan) Defined contribution pension plan (continued)
iii. Rekonsiliasi atas perubahan (aset) liabilitas iii. Following are the reconciliation of the
imbalan pasca kerja selama tahun berjalan movements of employee benefit (assets)
adalah sebagai berikut: liabilities during the years:
2023 2022
Saldo awal 50.411 57.968 Beginning balance
Beban tahun berjalan 6.380 7.001 Current service cost
Pengukuran kembali Remeasurement of
imbalan kerja - neto 17.402 (14.558) employee benefit - net
Pembayaran imbalan (22.895) - Actual benefit paid
Saldo akhir 51.298 50.411 Ending balance
31 Desember/
iv. Mutasi nilai kini liabilitas imbalan pasca kerja iv. The movements in the present value of
adalah sebagai berikut: employee benefit are as follows:
December 31,
2023 2022
Saldo awal 50.411 57.968 Beginning balance
Biaya jasa kini 2.649 2.653 Current service cost
Biaya bunga 3.731 4.348 Interest cost
Pembayaran imbalan (22.895) - Actual benefit paid
Keuntungan aktuaria Actuarial gain
pada kewajiban 17.402 (14.558) on obligation
Saldo akhir 51.298 50.411 Ending balance
v. Pengukuran kembali (aset) liabilitas imbalan kerja v. Remeasurement of net employee benefit (aset)
neto: liabilities:
December 31,
2023 2022
Saldo pada awal tahun 44.627 59.185 Balance at beginning of year
Keuntungan aktuaria Actuarial gain
pada kewajiban 17.401 (14.558) on obligation
Saldo akhir 62.028 44.627 Ending balance
Liabilitas atas imbalan pasca kerja lainnya adalah The liability for post employee benefits consisted of
program asuransi tunjangan hari tua yang telah dikelola mutual aid pension insurance plan is manged by PT
oleh PT Asuransi Jiwasraya (Persero), dan program Asuransi Jiwasraya (Persero), and employee death
uang duka sebagai jasa pengabdian. benefits program as service devotion.
Imbalan jangka panjang lainnya adalah program Other long-term employee benefits is gratuity for
penghargaan masa kerja. Imbalan tersebut diberikan service program. The benefits is granted to
kepada pegawai tetap yang jumlahnya sebesar 2 (dua) employees at amount of 2 (two) until 4 (four) last of
sampai dengan 4 (empat) kali penghasilan terakhir salary with working service periods of 15 years, 25
dengan masa kerja 15 tahun, 25 tahun dan 30 tahun. years and 30 years.
Uang Duka Sebagai Jasa Pengabdian Death Benefit To Employees Service Devotion
Bank memberikan uang duka sebagai jasa pengabdian Bank provides employee death benefit to employees
bagi pegawai yang meninggal dunia sebesar nominal who have passed away at fixed amount plus 1 (one)
yang ditetapkan ditambah dengan 1 (satu) kali month salary of his/her last month plus 1 (one)
penghasilan terakhir serta ditambah 1 (satu) kali month salary of the following month from his/her
penghasilan bulan berikutnya. Program tersebut death as his/her service devotion. This program is
dikelola sendiri oleh Bank. self – managed by the Bank.
194
Page 734
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
54. LIABILITAS IMBALAN KERJA PASTI (lanjutan) 54. DEFINED EMPLOYEE BENEFIT LIABILITIES
(continued)
Uang Duka Sebagai Jasa Pengabdian (lanjutan) Death Benefit To Employees Service Devotion
(continued)
Penilaian aktuarial atas uang duka jasa pengabdian The actuarial valuation of employee death benefit
dan penghargaan masa kerja untuk periode tahun yang program and gratuity for service program for the
berakhir pada 31 Desember 2023 dan untuk tahun year ended December 31, 2023 and for the year
yang berakhir pada 31 Desember 2022, dihitung oleh ended December 31, 2022, were performed by
Kantor Konsultan Aktuaria Agus Susanto dengan Kantor Konsultan Aktuaria Agus Susanto, using the
menggunakan metode "Projected Unit Credit" "Projected Unit Credit" method as stated in its report
sebagaimana tercantum dalam laporan pada tanggal 4 dated January 4, 2024 and January 24, 2023.
Januari 2024 dan 24 Januari 2023.
Asumsi-asumsi utama yang digunakan dalam Key assumptions used in the actuarial calculation
perhitungan dalam perhitungan adalah: are as follows:
December 31,
2023 2022
Asumsi ekonomi Economic assumptions
Tingkat diskonto 6,90% 7,40% Discount rate
Tingkat kenaikan gaji 5,00% 5,00% Annual salary growth rate
Tingkat bunga imbal hasil investasi aset 0,00% 0,00% Investment yield of plan aset
Asumsi lainnya Other assumptions
Tingkat mortalita GAM-1971 GAM-1971 Mortality table
Usia pensiun normal 58 tahun/years 58 tahun/years Normal retirement age
Tingkat cacat 10% Mortalita 10% Mortalita Disability rate
Tingkat pengunduran diri untuk usia: Retirement rate per year for ages:
3% pada usia 20 tahun menurun
Usia 18-45 tahun linier sampai dengan usia 45 tahun/ 18-45 years old
3% to age 20 years old decreased
linierly until age years old
Usia 46-55 tahun 5% per tahun/per year 46-55 years old
i. Biaya imbalan kerja yang dibebankan pada i. The employee benefit expenses recognized in
laporan laba rugi adalah sebagai berikut: profit or loss, are as follows:
31 Desember/
December 31,
2023 2022
Uang duka sebagai Program Uang duka Program
jasa pengabdian/ penghargaan sebagai jasa penghargaan
Death benefit as masa kerja/ pengabdian/ masa kerja/
employee service Graduity for Death benefit as Graduity for
devotion service program employee service service program
devotion
Biaya jasa kini 275 4.902 265 4.358 Current service cost
Biaya bunga neto 177 3.962 162 3.104 Oterest cost net
Rugi aktuaria - 5.287 - 11.355 Actuarial loss
Biaya yang dibebankan pada Expenses recognized in
laporan laba rugi 452 14.151 427 18.817 statement of profit or loss
195
Page 735
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
54. LIABILITAS IMBALAN KERJA PASTI (lanjutan) 54. DEFINED EMPLOYEE BENEFIT LIABILITIES
(continued)
Uang Duka Sebagai Jasa Pengabdian (lanjutan) Death Benefit To Employees Service Devotion
(continued)
ii. Rekonsiliasi atas perubahan liabilitas imbalan ii. Following are the reconciliation of the
kerja selama tahun berjalan adalah sebagai movements of employee benefit liabilities during
berikut: the years:
2023 2022
Uang duka sebagai Program Uang duka Program
jasa pengabdian/ penghargaan sebagai jasa penghargaan
Death benefit as masa kerja/ pengabdian/ masa kerja/
employee service Graduity for Death benefit as Graduity for
devotion service program employee service service program
Saldo awal (2.401) (53.546) devotion
(2.164) (41.384) Beginning balance
Beban tahun berjalan (452) (14.151) (427) (18.817) Current year expenses
Pengukuran kembali imbalan Remeasurement of employee
kerja - neto 91 - 28 - benefits - net
Pembayaran imbalan kerja 87 7.195 162 6.655 Actual benefit paid
Liabilitas imbalan pasti neto (2.675) (60.502) (2.401) (53.546) Liabilities defined benefit - net
iii. Mutasi nilai kini liabilitas imbalan pasca kerja iii. The movements in the present value of
adalah sebagai berikut: employee benefit are as follows:
2023 2022
Uang duka sebagai Program Uang duka Program
jasa pengabdian/ penghargaan sebagai jasa penghargaan
Death benefit as masa kerja/ pengabdian/ masa kerja/
employee service Graduity for Death benefit as Graduity for
devotion service program employee service service program
devotion
Saldo awal (2.401) (53.546) (2.164) (41.384) Beginning balance
Biaya jasa kini (275) (4.902) (265) (4.358) Current service cost
Biaya bunga (177) (3.962) (162) (3.104) Interest cost net
Biaya jasa lalu - - - Past service cost
Pembayaran imbalan 87 7.195 162 6.655 Actual benefit paid
Kerugian aktuarial pada kewajiban 91 (5.287) 28 (11.355) Actuarial losses on obligation
Liabilitas imbalan pasti neto (2.675) (60.502) (2.401) (53.546) Liabilities defined benefit - net
iv. Pengukuran kembali liabilitas imbalan kerja neto: i. Remeasurement of net employee benefit
liabilities:
December 31,
2023 2022
Uang duka sebagai Program Uang duka Program
jasa pengabdian/ penghargaan sebagai jasa penghargaan
Death benefit as masa kerja/ pengabdian/ masa kerja/
employee service Graduity for Death benefit as Graduity for
devotion service program employee service service program
devotion
Saldo pada awal tahun 501 - 529 - Balance at beginning of year
Kerugian aktuarial pada kewajiban (91) - (28) - Actuarial losses on obligation
Pendapatan komprehensif lain 410 - 501 - Other comprehensive income
196
Page 736
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
54. LIABILITAS IMBALAN KERJA PASTI (lanjutan) 54. DEFINED EMPLOYEE BENEFIT LIABILITIES
(continued)
Program penghargaan purna tugas After duty award program
Penilaian aktuarial atas program penghargaan purna The actuarial valuation of afterduty award program
tugas untuk periode tahun yang berakhir pada 31 for the years ended December 31, 2023 and 2022,
Desember 2023 dan 2022, dihitung oleh Kantor were performed by Kantor Konsultan Aktuaria Agus
Konsultan Aktuaria Agus Susanto dengan Susanto, using the "Projected Unit Credit" method
menggunakan metode "Projected Unit Credit" as stated in its report dated January 4, 2024 and
sebagaimana tercantum dalam laporan pada tanggal 4 January 24, 2023.
Januari 2024 dan 24 Januari 2023.
Asumsi-asumsi utama yang digunakan dalam Key assumptions used in the actuarial calculation
perhitungan dalam perhitungan adalah: are as follows:
2023 2022
Asumsi ekonomi Economic assumptions
Tingkat diskonto 7,00% 7,40% Discount rate
Tingkat kenaikan gaji 5,00% 5,00% Annual salary growth rate
Tingkat bunga imbal hasil investasi
aset 0,00% 0,00% Investment yield of plan aset
Asumsi lainnya Other assumptions
Tingkat mortalita GAM-1971 GAM-1971 Mortality table
Usia pensiun normal 58 tahun/years 58 tahun/years Normal retirement age
Tingkat cacat 10% Mortalita 10% Mortalita Disability rate
Tingkat pengunduran diri untuk usia: Retirement rate per year for ages:
Usia 18-45 tahun 3% pada usia 20 tahun menurun 3% pada usia 20 tahun menurun 18-45 years old
linier sampai dengan usia 45 tahun/ linier sampai dengan usia 45 tahun/
3% to age 20 years old decreased 3% to age 20 years old decreased
linierly until age 45 years old linierly until age 45 years old
Usia 46-55 tahun 5% per tahun/per year 5% per tahun/per year 46-55 years old
i. Biaya imbalan kerja yang dibebankan pada i. The employee benefit expenses recognized in
laporan laba rugi adalah sebagai berikut: profit or loss, are as follows:
2023 2022
Biaya jasa kini 4.097 3.810 Current service cost
Biaya bunga neto 1.131 1.203 Interest cost net
Biaya yang dibebankan pada Expense recognized in statement
5.228 5.013
laporan laba rugi of profit or loss
ii. Rekonsiliasi atas perubahan liabilitas imbalan ii. Following are the reconciliation of the
kerja selama tahun berjalan adalah sebagai movements of employee benefit liabilities
berikut: during the years:
2023 2022
Saldo awal 15.284 15.832 Beginning balance
Beban tahun berjalan 5.228 5.013 Current service cost
Keuntungan aktuarial pada kewajiban (2.774) (5.561) Actuarial gain on obligation
Pembayaran imbalan (897) - Actual benefit paid
Saldo akhir 16.841 15.284 Ending balance
197
Page 737
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
54. LIABILITAS IMBALAN KERJA PASTI (lanjutan) 54. DEFINED EMPLOYEE BENEFIT LIABILITIES
(continued)
Program penghargaan purna tugas (lanjutan) After duty award program (continued)
iii. Mutasi nilai kini liabilitas imbalan pasca kerja iii. The movements in the present value of
adalah sebagai berikut: employee benefit are as follows:
2023 2022
Saldo awal 15.284 15.832 Beginning balance
Biaya jasa kini 4.097 3.810 Current service cost
Biaya jasa lalu - - Past service cost
Biaya bunga neto 1.131 1.203 Interest cost net
Keuntungan aktuarial pada kewajiban (2.774) (5.561) Actuarial gain on obligation
Pembayaran imbalan (897) - Actual benefit paid
Saldo akhir 16.841 15.284 Ending balance
iv. Pengukuran kembali liabilitas imbalan kerja neto: iv. Remeasurement of net employee benefit
liabilities:
2023 2022
Saldo awal 5.561 - Beginning balance
Laba aktuarial 2.774 5.561 Acruarial gain
Saldo akhir 8.335 5.561 Ending balance
Program Pensiun Asuransi Dwiguna dan Program Endowment Insurance Pension Program and
Cuti Besar Long Service Leave Program
Penilaian aktuarial atas program pensiun dwiguna dan The actuarial valuation of endowment insurance
cuti besar untuk periode tahun yang berakhir pada 31 pension program and long service leave program for
Desember 2023 dan 2022, dihitung oleh Kantor the year ended December 31, 2023 and 2022, were
Konsultan Aktuaria Agus Susanto dengan performed by Kantor Konsultan Aktuaria Agus
menggunakan metode "Projected Unit Credit" Susanto, using the "Projected Unit Credit" method
sebagaimana tercantum dalam laporan pada tanggal 4 as stated in its report dated January 4, 2024 and
Januari 2024 dan 24 Januari 2023. January 24, 2023.
Program Imbalan cuti besar adalah program Long service leave program are employee leave
penggantian hak cuti karyawan. Imbalan tersebut entitlement replacement programs. The benefits are
diberikan kepada pegawai tetap yang telah bekerja given to permanent employees who have worked for
selama 6 tahun berturut – turut dan kelipatannya sejak 6 consecutive years and multiples since being
diangkat sebagai pegawai tetap. Penggantian hak cuti appointed as permanent employees. Replacement
besar diberikan sebesar 2 (dua) kali upah pokok. for grand leave is given at 2 (two) times
the basic salary
198
Page 738
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
54. LIABILITAS IMBALAN KERJA PASTI (lanjutan) 54. DEFINED EMPLOYEE BENEFIT LIABILITIES
(continued)
Program Pensiun Asuransi Dwiguna dan Program Endowment Insurance Pension Program and
Cuti Besar Long Service Leave Program
2023
Program Pensiun
Asuransi Dwiguna/
Endowment Insurance Program Cuti besar/
Pension Program Long service leave program
Asumsi ekonomi Economic assumptions
Tingkat diskonto 6,90% 6,90% Discount rate
Tingkat kenaikan gaji 5,00% 5,00% Annual salary growth rate
Tingkat bunga imbal hasil
investasi aset 0,00% 0,00% Investment yield of plan aset
Asumsi lainnya Other assumptions
Tingkat mortalita GAM-1971 GAM-1971 Mortality table
Usia pensiun normal 58 tahun/years 58 tahun/years Normal retirement age
Tingkat cacat 10% Mortalita 10% Mortalita Disability rate
Tingkat pengunduran diri untuk usia: Retirement rate per year for ages:
Usia 18-45 tahun 3% pada usia 20 tahun menurun 3% pada usia 20 tahun menurun 18-45 years old
linier sampai dengan usia 45 tahun/ linier sampai dengan usia 45 tahun/
3% to age 20 years old decreased 3% to age 20 years old decreased
linierly until age 45 years old linierly until age 45 years old
Usia 46-55 tahun 5% per tahun/per year 5% per tahun/per year 46-55 years old
2022
Program Pensiun
Asuransi Dwiguna/
Endowment Insurance Program Cuti besar/
Pension Program Long service leave program
Asumsi ekonomi Economic assumptions
Tingkat diskonto 7,40% 7,40% Discount rate
Tingkat kenaikan gaji 5,00% 5,00% Annual salary growth rate
Tingkat bunga imbal hasil
investasi aset 0,00% 0,00% Investment yield of plan aset
Asumsi lainnya Other assumptions
Tingkat mortalita GAM-1971 GAM-1971 Mortality table
Usia pensiun normal 58 tahun/years 58 tahun/years Normal retirement age
Tingkat cacat 10% Mortalita 10% Mortalita Disability rate
Tingkat pengunduran diri untuk usia: Retirement rate per year for ages:
Usia 18-45 tahun 3% pada usia 20 tahun menurun 3% pada usia 20 tahun menurun 18-45 years old
linier sampai dengan usia 45 tahun/ linier sampai dengan usia 45 tahun/
3% to age 20 years old decreased 3% to age 20 years old decreased
linierly until age 45 years old linierly until age 45 years old
Usia 46-55 tahun 5% per tahun/per year 5% per tahun/per year 46-55 years old
199
Page 739
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
54. LIABILITAS IMBALAN KERJA PASTI (lanjutan) 54. DEFINED EMPLOYEE BENEFIT LIABILITIES
(continued)
Program Pensiun Asuransi Dwiguna dan Program Endowment Insurance Pension Program and
Cuti Besar (lanjutan) Long Service Leave Program (continued)
i. Biaya imbalan kerja yang dibebankan pada i. The employee benefit expenses recognized in
laporan laba rugi adalah sebagai berikut: profit or loss, are as follows:
2023
Program Pensiun
Asuransi Dwiguna/ Program Cuti besar/
Endowment Insurance Long service leave
Pension Program program
Biaya jasa kini 726 5.977 Current service cost
Biaya bunga neto 458 1.338 Oterest cost net
Rugi aktuaria - (582) Actuarial loss
Biaya jasa lalu - vested - - Past service cost - vested
Biaya yang dibebankan pada Expenses recognized in
1.184 6.733
laporan laba rugi statement of profit or loss
2022
Program Pensiun
Asuransi Dwiguna/ Program Cuti besar/
Endowment Insurance Long service leave
Pension Program program
Biaya jasa kini 568 5.729 Current service cost
Biaya bunga neto - - Oterest cost net
Rugi aktuaria - - Actuarial loss
Biaya jasa lalu - vested 5.618 12.359 Past service cost - vested
Biaya yang dibebankan pada Expenses recognized in
6.186 18.088
laporan laba rugi statement of profit or loss
200
Page 740
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
54. LIABILITAS IMBALAN KERJA PASTI (lanjutan) 54. DEFINED EMPLOYEE BENEFIT LIABILITIES
(continued)
ii. Rekonsiliasi atas perubahan liabilitas imbalan ii. Following are the reconciliation of the
kerja selama tahun berjalan adalah sebagai movements of employee benefit liabilities
berikut: during the years:
2023
Program Pensiun
Asuransi Dwiguna/ Program Cuti besar/
Endowment Insurance Long service leave
Pension Program program
Saldo awal 6.186 18.088 Beginning balance
Beban tahun berjalan 1.184 6.733 Current year expenses
Kerugian aktuarial pada kewajiban 5.583 - Actuarial losses on obligation
Pembayaran imbalan kerja (5.620) (10.175) Actual benefit paid
Liabilitas imbalan pasti neto 7.333 14.646 Liabilities defined benefit - net
2022
Program Pensiun
Asuransi Dwiguna/ Program Cuti besar/
Endowment Insurance Long service leave
Pension Program program
Saldo awal - - Beginning balance
Beban tahun berjalan 6.186 18.088 Current year expenses
Kerugian aktuarial pada kewajiban - - Actuarial losses on obligation
Pembayaran imbalan kerja - - Actual benefit paid
Liabilitas imbalan pasti neto 6.186 18.088 Liabilities defined benefit - net
201
Page 741
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
54. LIABILITAS IMBALAN KERJA PASTI (lanjutan) 54. DEFINED EMPLOYEE BENEFIT LIABILITIES
(continued)
Program Pensiun Asuransi Dwiguna dan Program Endowment Insurance Pension Program and
Cuti Besar (lanjutan) Long Service Leave Program (continued)
iii. Mutasi nilai kini liabilitas imbalan pasca kerja iii. The movements in the present value of
adalah sebagai berikut: employee benefit are as follows:
Program Pensiun
Asuransi Dwiguna/ Program Cuti besar/
Endowment Insurance Long service leave
Pension Program program
Saldo awal 6.186 18.087 Beginning balance
Biaya jasa kini 726 5.977 Current service cost
Biaya bunga 457 1.338 Interest cost net
Biaya jasa lalu - (582) Past service cost
Pembayaran imbalan (5.619) (10.175) Actual benefit paid
Kerugian aktuarial pada kewajiban 5.583 - Actuarial losses on obligation
Liabilitas imbalan pasti neto 7.333 14.645 Liabilities defined benefit - net
2022
Program Pensiun
Asuransi Dwiguna/ Program Cuti besar/
Endowment Insurance Long service leave
Pension Program program
Saldo awal - - Beginning balance
Biaya jasa kini 568 5.729 Current service cost
Biaya jasa lalu 5.618 12.358 Past service cost
Liabilitas imbalan pasti neto 6.186 18.087 Liabilities defined benefit - net
202
Page 742
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
55. JAMINAN TERHADAP KEWAJIBAN PEMBAYARAN 55. GOVERNMENT GUARANTEE OF OBLIGATIONS
BANK UMUM OF PRIVATE BANKS
Berdasarkan Undang-undang No.24 tanggal 22 Based on Law No.24 dated November 22, 2004,
November 2004 yang berlaku efektif sejak tanggal 22 which was effective on November 22, 2005 and
November 2005, sebagaimana diubah dengan subsequently amended by the Government
Peraturan Pemerintah Pengganti Undang-Undang Regulation-in-Lieu-of Law No.3 (Perppu No. 3/2008)
Republik Indonesia No.3 (Perppu No. 3/2008) tanggal dated October 13, 2008, the Indonesian Deposit
13 Oktober 2008, Lembaga Penjaminan Simpanan Insurance Corporation (LPS) was formed to
(LPS) dibentuk untuk menjamin liabilitas tertentu bank guarantee certain liabilities of commercial banks
umum berdasarkan program penjaminan yang berlaku, under the applicable guarantee program, where the
yang besaran nilai jaminannya dapat berubah jika amount of such guarantee can be changed if certain
memenuhi kriteria tertentu yang berlaku. valid criteria are fullfilled.
Berdasarkan Peraturan Pemerintah Republik Indonesia Based on Government Regulation No. 66 year 2008
No. 66 tahun 2008 tanggal 13 Oktober 2008 mengenai dated October 13, 2008 regarding the Amount of
Besarnya Nilai Simpanan yang Dijamin LPS, jumlah Deposits Guaranteed by LPS, the amount of
simpanan yang dijamin LPS adalah simpanan sampai deposits covered by LPS is up to Rp2,000 per
dengan Rp2.000 untuk per nasabah per bank. depositor per bank. Customer deposits are covered
Simpanan nasabah dijamin hanya jika suku bunganya only if the rate of interest is equal to or below 3.75%
sama dengan atau di bawah 3,75% dan 1,75% dalam and 1.75% in Rupiah and foreign currency as of
mata uang Rupiah dan mata uang asing pada tanggal December 31, 2022 and equal to or below 3.50%
31 Desember 2022 dan sama dengan atau di bawah and 0.25% in Rupiah and foreign currency as of
3,50% dan 0,25% dalam mata uang Rupiah dan mata December 31, 2023.
uang asing pada tanggal 31 Desember 2023.
Pada tanggal 13 Januari 2009, Pemerintah Republik On January 13, 2009, the Government of the
Indonesia telah mengesahkan Perppu No.3/2008 Republic of Indonesia has stipulated Perppu
menjadi Undang-undang. No.3/2008 to become a law.
Beban premi penjaminan Pemerintah yang dibayar The Government guarantee premiums paid by the
oleh Bank untuk tahun yang berakhir pada tanggal Bank for years ended December 31, 2023 and 2022,
31 Desember 2023 dan 2022, masing-masing sebesar amounted to Rp167,677 and Rp188,454
Rp167.677 dan Rp188.454. respectively.
203
Page 743
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
56. PELAPORAN JATUH TEMPO 56. MATURITY PROFILE
a. Pelaporan jatuh tempo aset dan liabilitas menurut a. The maturity of the Bank’s assets and liabilities
kelompok jatuh temponya berdasarkan periode based on the remaining period (before
yang tersisa (sebelum penyisihan kerugian), allowance for impairment losses), is as follows:
adalah sebagai berikut:
31 Desember/
December 31,
2023
Tidak ada Lebih dari 1 Lebih dari 3 Lebih dari 6
tanggal jatuh bulan sampai 3 bulan sampai 6 bulan sampai 12
tempo bulan/ bulan/ bulan/ Lebih dari 12
kontraktual/ Sampai dengan More than 1 More than 3 More than 6 bulan/
No Contractual 1 bulan/ month up to 3 months up to 6 months up to 12 More than 12 Total/
Maturity Up to 1 month months months months months Total
ASET ASSETS
Kas - 2.652.775 - - - - 2.652.775 Cash
Current accounts with
Giro pada Bank Indonesia - 7.073.597 - - - 897.815 7.971.412 Bank Indonesia
Giro pada bank lain - 491.330 - - - - 491.330 Current accounts with other banks
Penempatan pada Bank Indonesia Placement with Bank Indonesia
dan bank lain - 5.233.226 1.495 - - - 5.234.721 and other banks
Surat berharga Marketable securities
Biaya perolehan diamortisasi - 830.243 1.504.216 783.350 698.551 4.744.401 8.560.761 Amortized cost
Nilai wajar melalui pendapatan fair value through
komprehensif lain - 7.732.011 30.549 - - - 7.762.560 other comprehensive income
Surat berharga Repo - - 1.000.865 - 605.755 6.697.043 8.303.663 Repo marketable securities
Tagihan reverse repo - 6.197.612 49.706 - - - 6.247.318 Reverse repo receivables
Tagihan lainnya - 223.138 - - - - 223.138 Other receivables
Kredit yang diberikan
dan pembiayaan syariah - 383.350 993.507 2.681.738 3.472.562 47.229.746 54.760.903 Loans and sharia financing
Pendapatan bunga yang interest income
masih akan diterima - 251.395 35.826 8.246 6.034 384.233 685.734 that will still be received
Beban dibayar dimuka 207.452 - - - - - 207.452 Prepaid expense
Aset tetap - neto 1.277.714 - - - - - 1.277.714 Fixed assets - net
Aset pajak tangguhan - neto - - - - - 472.122 472.122 Deferred tax assets - net
Aset lain-lain 373.402 - - - - - 373.402 Other assets
Jumlah 1.858.568 31.068.677 3.616.164 3.473.334 4.782.902 60.425.360 105.225.005 Total
LIABILITAS LIABILITIES
Liabilitas segera - 987.605 - - - - 987.605 liability immediately
Simpanan dari nasabah - 22.457.975 5.462.113 2.436.735 7.344.737 40.495.350 78.196.910 Deposits from customer
Simpanan dari bank lain - 2.541.703 29.280 60 8.200 500 2.579.743 Deposits from other banks
Pinjaman yang diterima - 150.638 - - - 406.994 557.632 Borrowings
Utang pajak 143.245 - - - - - 143.245 Taxes payables
Beban yang masih harus dibayar - 504.748 - - - - 504.748 Accrued expense
Liabilitas lain-lain - 779.314 - - - - 779.314 Other liabilities
Jumlah 143.245 27.421.983 5.491.393 2.436.795 7.352.937 40.902.844 83.749.197 Total
Perbedaan jatuh tempo 1.715.323 3.646.694 (1.875.229) 1.036.539 (2.570.035) 19.522.516 21.475.808 Maturity Gap
204
Page 744
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
56. PELAPORAN JATUH TEMPO (lanjutan) 56. MATURITY PROFILE (continued)
a. Pelaporan jatuh tempo aset dan liabilitas a. The maturity of the Bank’s assets and liabilities
menurut kelompok jatuh temponya berdasarkan based on the remaining period (before
periode yang tersisa (sebelum penyisihan allowance for impairment losses), is as follows:
kerugian), adalah sebagai berikut: (lanjutan) (continued)
31 Desember/
December 31,
2022
Tidak ada Lebih dari 1 Lebih dari 3 Lebih dari 6
tanggal jatuh bulan sampai 3 bulan sampai 6 bulan sampai 12
tempo bulan/ bulan/ bulan/ Lebih dari 12
kontraktual/ Sampai dengan More than 1 More than 3 More than 6 bulan/
No Contractual 1 bulan/ month up to 3 months up to 6 months up to 12 More than 12 Total/
Maturity Up to 1 month months months months months Total
ASET ASSETS
Kas - 1.988.262 - - - - 1.988.262 Cash
Current accounts with
Giro pada Bank Indonesia - 230.541 - - - 10.556.199 10.786.740 Bank Indonesia
Giro pada bank lain - 303.129 - - - - 303.129 Current accounts with other banks
Penempatan pada Bank Indonesia Placement with Bank Indonesia
dan bank lain - 4.628.064 606.657 - - - 5.234.721 and other banks
Surat berharga Marketable securities
Biaya perolehan diamortisasi - 725.515 852.948 2.367.794 2.627.302 8.167.102 14.740.661 Amortized cost
Nilai wajar melalui pendapatan fair value through
komprehensif lain - - - - - 8.476.609 8.476.609 other comprehensive income
Surat berharga Repo - 4.095.066 - - - - 4.095.066 Repo marketable securities
Tagihan reverse repo - 7.440.160 - - 192.726 189.961 7.822.847 Reverse repo receivables
Tagihan lainnya - 286.147 - - - - 286.147 Other receivables
Kredit yang diberikan
dan pembiayaan syariah - 900.723 886.002 933.711 2.436.591 41.039.630 46.196.657 Loans and sharia financing
Pendapatan bunga yang interest income
masih akan diterima - 25.795 48.418 9.901 4.495 557.516 646.125 that will still be received
Beban dibayar dimuka 166.661 - - - - - 166.661 Prepaid expense
Aset tetap - neto 1.284.250 - - - - - 1.284.250 Fixed assets - net
Aset pajak tangguhan - neto - - - - - 502.238 502.238 Deferred tax assets - net
Aset lain-lain 141.492 - - - - - 141.492 Other assets
Jumlah 1.592.403 20.623.402 2.394.025 3.311.406 5.261.114 69.489.255 102.671.605 Total
LIABILITAS LIABILITIES
Liabilitas segera - 872.514 - - - - 872.514 liability immediately
Simpanan dari nasabah - 11.214.472 16.200.878 1.699.788 10.878.340 41.773.905 81.767.383 Deposits from customer
Simpanan dari bank lain - 3.287.933 46.630 60 4.500 - 3.339.123 Deposits from other banks
Pinjaman yang diterima - 150.517 - - - 402.882 553.399 Borrowings
Utang pajak 47.205 - - - - - 47.205 Taxes payables
Beban yang masih harus dibayar - 520.840 - - - - 520.840 Accrued expense
Liabilitas lain-lain - 550.119 - - - - 550.119 Other liabilities
Jumlah 47.205 16.596.395 16.247.508 1.699.848 10.882.840 42.176.787 87.650.583 Total
Perbedaan jatuh tempo 1.545.198 4.027.007 (13.853.483) 1.611.558 (5.621.726) 27.312.468 15.021.022 Maturity Gap
b. Rasio aset produktif yang diklasifikasikan b. The ratio of classified earning assets to total
terhadap jumlah aset produktif pada tanggal 31 productive assets as of December 31, 2023
Desember 2023 dan 2022, masing-masing adalah and 2022 is 3.34% and 2.55% respectively.
sebesar 3,34% dan 2,55%
205
Page 745
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
57. INFORMASI KEUANGAN UNIT USAHA SYARIAH 57. SHARIA UNIT FINANCIAL INFORMATION
31 Desember/ 31 Desember/
December 31, December 31,
2023 2022
ASET ASSETS
Kas 35.681 24.827 Cash
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain 338.477 329.777 and other banks
Surat berharga 1.066.406 852.935 Marketable securities
Piutang: Receivables:
- Murabahah 902.861 874.944 Murabahah -
- Qardh 49.062 36.423 Qardh -
Dikurangi: cadangan Less: Allowance for
kerugian penurunan nilai (25.963) (55.246) impairment losses
Piutang, neto 925.960 856.121 Receivables, net
Pembiayaan: Financing:
- Musyarakah 1.130.521 767.912 Musyarakah -
- Mudharabah 105.174 223.915 Mudharabah -
Dikurangi: cadangan Less: Allowance for
kerugian penurunan nilai (27.429) (27.963) impairment losses
Pembiayaan, neto 1.208.266 963.864 Financing, net
Aset ijarah 241 277 Ijarah assets
Aset tetap 66.882 62.414 Fixed assets
Dikurangi: Akumulasi penyusutan (34.884) (28.450) Less: Accumulated depreciation
Nilai buku neto 31.998 33.964 Net book value
Aset lain-lain 13.561 9.693 Other assets
JUMLAH ASET 3.620.590 3.071.458 TOTAL ASSETS
LIABILITAS, INVESTASI LIABILITIES, UNCOMMITED
TIDAK TERIKAT DAN EKUITAS INVESTMENT AND EQUITY
LIABILITAS LIABILITIES
Giro wadiah 174.426 156.090 Wadiah current accounts
Tabungan wadiah 81.125 - Wadiah savings
Liabilitas segera 21.029 8.889 Obligations due immediately
Liabilitas lainnya 943.288 1.024.117 Other liabilities
JUMLAH LIABILITAS 1.219.868 1.189.096 TOTAL LIABILITIES
INVESTASI TIDAK TERIKAT UNCOMMITTED INVESTMENT
Giro mudharabah 1.786 1.637 Mudharabah current account
Tabungan mudharabah 734.193 594.597 Mudharabah savings
Deposito berjangka mudharabah 1.630.498 1.245.458 Mudharabah time deposits
JUMLAH INVESTASI TIDAK TERIKAT 2.366.477 1.841.692 TOTAL UNCOMMITTED INVESTMENT
Laba neto 34.245 40.670 Net income
JUMLAH LIABILITAS, INVESTASI TOTAL LIABILITIES, UNCOMMITTED
3.620.590 3.071.458
TIDAK TERIKAT DAN EKUITAS INVESTMENT AND EQUITY
206
Page 746
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
57. INFORMASI KEUANGAN UNIT USAHA SYARIAH 57. SHARIA UNIT FINANCIAL INFORMATION
(lanjutan) (continued)
31 Desember/ 31 Desember/
December 31, December 31,
2023 2022
LAPORAN LABA RUGI STATEMENTS OF PROFIT OR LOSS
Pendapatan operasional Operating income
- Margin 62.234 59.747 Margin -
- Bagi hasil 95.101 75.242 Profit sharing -
- Sewa 128 44 Rents -
- Operasional Lainnya 61.931 61.845 Other operating -
Pendapatan operasional 219.394 196.878 Operating income
Beban bagi hasil untuk investor Profit sharing expenses to
dana investasi tidak terikat non-restricted investors fund
- Bank (338) (578) Bank -
- Bukan bank (62.870) (54.338) Non bank -
Bagi hasil (63.208) (54.916) Profit sharing
Beban operasional lainnya Other operating expenses
- Bonus (90) (166) Bonuses -
- Penyisihan kerugian penurunan nilai (18.396) (22.794) Allowance for impairment losses -
- Beban administrasi dan umum (40.849) (40.456) General and administratif expenses -
- Beban personalia (51.021) (28.022) Personnel expenses -
- Beban lainnya (12.017) (11.734) Others -
(122.373) (103.172)
Pendapatan operasional bersih 33.813 38.790 Net operating income
Pendapatan non operasional bersih 432 1.880 Non-operating income - net
Laba tahun berjalan 34.245 40.670 Profit during the year
58. ASET/LIABILITAS KONTINJENSI 58. CONTINGENT ASSETS/LIABILITIES
Bank saat ini mempunyai aset/liabilitas kontinjensi yang The Bank currently has significant contingent
signifikan terkait dengan beberapa perkara perdata assets/liabilities in connection with several civil
sebagai berikut: cases as follows:
1. Perkara perdata No.584/Pdt.G/2007/PN.Sby 1. Case No.584/Pdt.G/2007/PN.Sby dated
tanggal 21 November 2007 tentang gugatan PT November 21, 2007 about the lawsuit of PT
Hikmah Surya Jaya kepada Bank untuk Hikmah Surya Jaya towards Bank, demanding
memenuhi ganti rugi materiil atas kredit dana compensation to the amount of Rp3,000
bergulir sebesar Rp3.000. Pengadilan Negeri regarding revolving credit. The District Court’s
(PN) dan Pengailan Tinggi (PT) memutuskan and the Apellate Court’s decide that Bank won.
pihak Bank menang. Bank telah mengirimkan Bank Jatim has sent a letter number
surat No.057/0865/HKM/LIT/LEGAL/SRT tanggal 057/0865/HKM/LIT/LEGAL/SRT on July 3rd,
3 Juli 2018 dan diterima PN tanggal 6 Juli 2018. 2018 and received by the District Court on July
Masih menunggu jawaban surat dari PN untuk 6th, 2018. Still waiting for a response from the
kepastian inkracht putusan Pengadilan Tinggi District Court’s for the inkracht decision of the
tersebut. High Court.
2. Perkara Kepailitan No. 40/Pdt.Sus/PKPU/2019/ 2. Bankruptcy Case No. 40/Pdt.Sus/PKPU/2019/
PN.Niaga.Sby dengan pemohon PT Fatma PN.Niaga.Sby with the pleader PT Fatma
Lestari Abadi Mix dan CV. Azka Pelangi Lestari Abadi Mix and CV. Azka Pelangi
Bersaudara terhadap PT Citra Gading Asritama. Bersaudara towards PT Citra Gading Asritama.
Bank sebagai kreditur mengajukan tagihan Bank as a creditor submits a bill to the Curator
kepada Kurator atas kredit PT Citra Gading for the credit of PT Citra Gading Asritama (in
Asritama (dalam pailit) sebesar Rp31.103 saat ini bankcruptcy) of Rp31,103 currently in the
dalam proses verifikasi berkas kreditur di process of creditor file verification at the
Pengadilan Niaga Surabaya pada Pengadilan Surabaya Commercial Court at the Surabaya
Negeri Surabaya. District Court.
207
Page 747
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
58. ASET/LIABILITAS KONTINJENSI (lanjutan) 58. CONTINGENT ASSETS/LIABILITIES (continuesd)
3. Perkara Perdata Nomor 16/Pdt.G/2023/PN.Bna 3. Civil Case Number 16/Pdt.G/2023/PN.Bna
tanggal 18 April 2023 dengan Penggugat PT Rudi dated 18 April 2023 with the Plaintiff PT Rudi
Jaya, potensi kerugian materiil sebesar Rp.3.218, Jaya, potential material loss amounting to IDR
Penggugat sebagai debitur Bank Jatim yang 3,218, the Plaintiff as a debtor of Bank Jatim
menerima pola keppres mengajukan gugatan who received the presidential decree filed a
kepada Bank agar tidak dianggap wanprestasi lawsuit against the Bank so that it would not be
dikarenakan Penggugat diputus kontrak oleh considered in default due to The plaintiff's
Kementerian PUPR. Saat ini dalam proses contract was terminated by the PUPR Ministry.
Banding di Pengadilan Tinggi Banda Aceh. Currently in the appeal process at the Banda
Aceh High Court.
4. Perkara Perdata Nomor 124/Pdt.G/2023/PN.Mlg 4. Civil Case Number 124/Pdt.G/2023/PN.Mlg
tanggal 30 Mei 2023 dengan Penggugat Galuh dated 30 May 2023 with Plaintiffs Galuh
Nalibronto Prabaningrum dan Ngatemoen Nalibronto Prabaningrum and Ngatemoen
Harijono, potensi kerugian materiil sebesar Harijono, potential material loss amounting to
Rp.3.100, Para Penggugat sebagai Penjamin Rp. 3,100, The Plaintiffs as Guarantor filed a
mengajukan gugatan kepada Bank agar lawsuit against the Bank to return the collateral
mengembalikan objek jaminan kepada Penggugat object to the Plaintiff because the credit was
karena kredit dianggap tidak sah. Saat ini dalam considered invalid. Currently in the trial process
proses persidangan di Pengadilan Negeri Malang. at the Malang District Court.
5. Perkara Perdata Nomor 746/Pdt.G/2023/PN.Sby 5. Civil Case Number 746/Pdt.G/2023/PN.Sby
tanggal 26 Juli 2023 dengan Penggugat PT Toya dated 26 July 2023 with the Plaintiff PT Toya
Indo Manunggal, potensi kerugian materiil Indo Manunggal, potential material loss
sebesar Rp.5.732, Penggugat mengajukan amounting to IDR 5,732, The Plaintiff filed a
gugatan kepada Bank agar menyerahkan seluruh lawsuit against the Bank to hand over all terms
termijn yang diterima oleh PT Acretia Inti Shosha received by PT Acretia Inti Shosha
Persada/Tergugat 2 atas pengerjaan proyek dari Persada/Defendant 2 for project work from PT
PT Indonesia Power. Saat ini dalam proses Indonesia Power. Currently in trial at the
persidangan di Pengadilan Negeri Surabaya. Surabaya District Court.
6. Perkara Perdata Nomor 888/Pdt.G/2023/PN.Sby 6. Civil Case Number 888/Pdt.G/2023/PN.Sby
tanggal 29 Agustus 2023 dengan Penggugat PT dated 29 August 2023 with the Plaintiff PT
Anugerah Bersama Berkah Abadi, potensi Anugerah Bersama Berkah Abadi, potential
kerugian materiil sebesar Rp.15.000, Penggugat material loss amounting to IDR 15,000, The
mengajukan gugatan kepada Bank agar Plaintiff filed a lawsuit against the Bank to hand
menyerahkan kembali sertipikat hak atas tanah over the land title certificate back to the Plaintiff.
kepada Penggugat. Saat ini dalam proses Currently in trial at the Surabaya District Court.
persidangan di Pengadilan Negeri Surabaya.
7. Perkara Perdata Nomor 176/Pdt.G/2023/PN.Kpn 7. Civil Case Number 176/Pdt.G/2023/PN.Kpn
tanggal 6 September 2023 dengan Penggugat dated 6 September 2023 with Plaintiff Yon
Yon Permadian Tesna, dengan potensi kerugian Permadian Tesna, against the Bank with
materiil sebesar Rp.27.988, Penggugat potential material losses amounting to Rp.
mengajukan gugatan kepada Bank proses kredit 27,988, The plaintiff filed a lawsuit against the
Bank Jatim mengandung Perbuatan Melawan Bank. Bank Jatim's credit process contained
Hukum. Saat ini dalam proses persidangan di unlawful acts. civil judgment. Currently in the
Pengadilan Negeri Kepanjen. trial process at the Kepanjen District Court.
8. Perkara perdata lainnya dengan nilai gugatan 8. Other civil cases with a value of each lawsuit
masing-masing dibawah Rp3.000 sejumlah demands under Rp3,000 amount to Rp9,853.
Rp9.853.
Manajemen Bank berkeyakinan bahwa penyelesaian The Bank’s management believes that the above
kasus-kasus tersebut tidak mengganggu kinerja Bank. cases doesn’t interfere to the Bank performances.
208
Page 748
The original financial statements included here in are in Indonesian language
PT BANK PEMBANGUNAN DAERAH PT BANK PEMBANGUNAN DAERAH
JAWA TIMUR Tbk JAWA TIMUR Tbk
CATATAN ATAS LAPORAN KEUANGAN (lanjutan) NOTES TO THE FINANCIAL STATEMENTS (continued)
31 Desember 2023 dan 2022 dan As of December 31, 2023 and 2022
untuk tahun yang berakhir pada tanggal-tanggal tersebut and for the years then ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
59. BANK KUSTODIAN 59. BANK CUSTODY
Jasa Kustodian Bank mendapatkan ijin operasi oleh Bank Custodian Services has obtained an operating
OJK berdasarkan surat OJK nomor: S-4/PM.2/2019 license based on the letter of OJK number: S-
tanggal 29 Januari 2019. Bank Kustodian merupakan 4/PM.2/2019 date Januari 29, 2019. Bank’s
bagian dari Divisi Dana Jasa, Sub Divisi Priority Custodian, which is part of the Service and Fund
Banking & Kustodian, adapun jasa-jasa yang diberikan Divisions, Priority Banking & Custodian Sub-
diantaranya: Divisions, provides a full range of custodian services
such as:
1. Penyimpanan (safekeeping) dan administrasi atas 1. Safekeeping and administration of marketable
Efek-efek maupun dokumen berharga lainnya; securities and other valuable assets;
2. Penyelesaian transaksi jual dan beli Efek 2. Settlement and handling services for script and
berbentuk warkat (script) maupun tanpa warkat scriptless trading transactions;
(scriptless);
3. Pengurusan hak-hak nasabah atas kepemilikan 3. Corporate action services related to the rights of
efek-efek yang disimpan sehingga hak tersebut the marketable securities;
efektif di rekening nasabah (corporate action);
4. Perwakilan (proxy) pada Rapat Umum Pemegang 4. Proxy services for its customers’ shareholder
Saham dan Rapat Umum Pemegang Obligasi; meetings and bond holder meetings;
5. Sub-Registry untuk melayani investor yang 5. Sub-Registry service provider for securities
melakukan transaksi dan investasi Efek; dan settlement and investment; and
6. Penyampaian laporan (reporting) dan informasi 6. Generate reports and information regarding
(information) yang terkait dengan Efek-efek customers’ marketable securities which are kept
dan/atau dokumen berharga milik nasabah yang and administered by Bank Jatim’s Custodian
disimpan dan diadministrasikan oleh Bank Jatim Unit.
Kustodian.
60. STANDAR AKUNTANSI BARU 60. NEW ACCOUNTING STANDARDS
Berikut ini ikhtisar Pernyataan Standar Akuntansi The following summarizes the Statement of
Keuangan (PSAK) yang diterbitkan oleh Dewan Financial Accounting Standards (PSAK) which
Standar Akuntansi Keuangan yang relevan untuk were issued by the Financial Accounting
Bank, namun belum berlaku efektif untuk laporan Standards Board and are relevant to the Bank,
keuangan yang berakhir pada tanggal 31 Desember but is not yet effective for financial statements
2023: ended December 31, 2023:
Berlaku efektif pada atau setelah tanggal 1 Januari Effective on or after January 1, 2025:
2025:
- PSAK 74, “Kontrak Asuransi”, yang diadopsi dari - PSAK 74, “Insurance Contracts”, adopted from
IFRS 17, penerapan dini diperkenankan untuk IFRS 17, early application is permitted for
entitas yang juga telah menerapkan PSAK 71 dan entities that have also applied PSAK 71 and
PSAK 72. PSAK 72.
Saat ini Bank sedang mengevaluasi dan belum The Bank is currently evaluating the above
menetapkan dampak dari penerapan standar standards and has not yet determined the impact
tersebut serta pengaruhnya pada laporan keuangan of these standard on the financial statement of the
Bank. Bank.
61. PENYELESAIAN LAPORAN KEUANGAN 61. COMPLETION OF THE FINANCIAL STATEMENTS
Laporan keuangan telah diselesaikan dan disetujui The financial statements were completed and
untuk diterbitkan oleh Direksi Bank pada tanggal authorized for issuance by the Bank’s Directors on
15 Januari 2024. January 15, 2024.
Ss1
209
Page 749
2023 Annual Report Alamat Kantor Pusat Jalan Basuki Rachmad 98 – 104, Surabaya 60271 Telp : (62-31) 5310090-5310099 Fax : (62-31) 5310838 Email : info@bankjatim.co.id
Names mentioned 218 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Bank Pembangunan Daerah Jawa Timur Tbk.
p.1 ×260
unresolved
org
Bank Jatim
p.3 ×199
unresolved
org
Bank Jatim’s
p.3 ×40
unresolved
org
Bank Performance Profile
p.7
unresolved
org
Bank Jatim’s Position
p.7
unresolved
org
Bank Soundness Level
p.8
unresolved
—
Remuneration for Commercial Banks In
p.9
unresolved
org
PT Bank Pembangunan Daerah Djawa
p.12 ×3
unresolved
org
PT Asuransi Jiwa Sinarmas MSIG Life. Initial Public
p.12
unresolved
org
Bank Jatim Java Provincial Government’s Nawa Bhakti Satya
p.15
unresolved
org
Bank NTB Syariah
p.15 ×2
unresolved
org
Bank Lampung. Nawa Bhakti Satya East Java Provincial
p.15
unresolved
org
Bank Capital Rp
p.16
unresolved
org
Bank Jatim’s CAR
p.16
unresolved
org
PT Enha Sentosa Indonesia
p.16 ×2
unresolved
org
Bank Jatim. The Trayang Village
p.16
unresolved
org
PT Astana Shoga Asia
p.16
unresolved
org
PT Tropikal Jaya Sukma
p.16
unresolved
org
PT Pameling Agro Nusantara
p.16
unresolved
org
Koperasi Konsumen Pameling Makmur Village
p.16
unresolved
org
PT Indo Bumi Lavanaa
p.16
unresolved
org
Bank Jatim Capital Adequacy Position
p.17
unresolved
org
Bank Indonesia
p.22 ×17
unresolved
org
Bank Jatim Stock
p.27 ×2
unresolved
org
Bank Jatim Stock Closing Price
p.28
unresolved
org
Bank Jatim Stock Trading Volume
p.28
unresolved
org
Sadif Investment
p.30
unresolved
org
Sinarmas Sekuritas
p.30
unresolved
—
BRI Danareksa
p.30
unresolved
—
RHB Research
p.30
unresolved
org
Binaartha Sekuritas
p.30
unresolved
org
Bank Jatim’s Loan
p.30
unresolved
org
Ministry of Home Affairs.
p.33
unresolved
org
Bank Jatim Successfully
p.33
unresolved
org
Bank Jatim Sharia Business Unit Annual Report Awards.
p.34
unresolved
org
Bank Guarantees
p.39
unresolved
org
Bank Jatim Debit
p.40
unresolved
org
Bank Jatim Flazz Card
p.40 ×2
unresolved
org
Bank Jatim Provinces. To
p.40
unresolved
org
Bank Indonesia’s Board
p.41
unresolved
org
Bank Indonesia’s
p.41
unresolved
org
Directorate General of Population and Civil Registration
p.42
unresolved
org
Ministry of Home Affairs. To
p.42
unresolved
org
Bank Jatim Prime Lending Rate
p.42
unresolved
org
Bank In
p.49 ×2
unresolved
org
Financial Services Authority
p.50 ×17
unresolved
org
Bank Jatim Magazine
p.50
unresolved
org
Pembangunan Daerah Jawa Timur Tbk
p.55 ×4
unresolved
org
Bank Jatim Business Plan
p.55 ×2
unresolved
org
Bank Jatim Management
p.55
unresolved
org
Bank Jatim’s Financial Reports
p.55
unresolved
org
Bank Jatim Bank Business Plan
p.55
unresolved
org
Daerah Jawa Timur Tbk
p.55 ×2
unresolved
org
Bank Jatim UUS DPK
p.58
unresolved
org
PKF
p.63
unresolved
org
Pailingan & Partners
p.63
unresolved
person
Heru Tjahjono
· Commissioner
p.64 ×3
unresolved
org
FOwnershipinance Number BJTM Daerah Jawa Timur Tbk.
p.70
unresolved
org
Bank Jatim As
p.70
unresolved
—
Surabaya a Main
p.71
unresolved
org
Banyuwangi Branch
p.71
unresolved
org
Jember Branch
p.71
unresolved
org
Malang Branch
p.71
unresolved
org
Madiun Branch
p.71
unresolved
org
Kediri Branch
p.71
unresolved
org
Pamekasan Branch
p.71
unresolved
org
Bojonegoro Branch
p.71
unresolved
org
Lumajang Branch
p.71
unresolved
org
Ngawi Branch
p.71
unresolved
org
Jombang Branch
p.71
unresolved
person
K.H. Wakhid Hasyim
p.71 ×2
unresolved
org
Kraksaan Branch
p.71
unresolved
org
Probolinggo Branch
p.71
unresolved
org
Blitar Branch
p.71
unresolved
org
Tulungagung Branch
p.71
unresolved
org
Sumenep Branch
p.71
unresolved
org
Sampang Branch
p.71
unresolved
org
Bangkalan Branch
p.71
unresolved
person
K.H. Moh. Kholil
p.71
unresolved
org
Pasuruan Branch
p.71
unresolved
org
Nganjuk Branch
p.71
unresolved
org
Minister of Timur Tbk
p.74
unresolved
org
Timur Tbk
p.74 ×2
unresolved
org
Minister of Finance No. BUM.
p.74
unresolved
org
East Java Regional Limited
p.74
unresolved
org
Ministry of Law and Human Rights
p.75 ×2
unresolved
org
Minister of Justice
p.75 ×2
unresolved
org
Jawa Timur Tbk.
p.75 ×14
unresolved
person
Fathiah Helmi
p.75
unresolved
org
Minister of Law and Human Rights
p.75
unresolved
org
Indonesia Stock Exchange
p.75
unresolved
person
Notary Sitaresmi Puspadewi Subianto
· Notaris
p.81 ×3
unresolved
org
Indonesia Deposit Insurance Corporation
p.82
unresolved
org
Bank Jatim’s Hajj Savings
p.83
unresolved
org
Ministry of Maritime
p.83
unresolved
org
Bank Deposits
p.84
unresolved
org
Layanan Umum Daerah
p.85
unresolved
org
Bank Jatim FX Forward
p.87
unresolved
org
Bank Jatim. Bank Notes
p.87
unresolved
org
Bank To Bank Transaction Export
p.87
unresolved
org
Bank Jatim. This
p.87
unresolved
org
Bank Jatim. Bank References
p.88
unresolved
org
Ministry of Finance. The JConnect Invest
p.88
unresolved
org
Bank Jatim Branch
p.89
unresolved
org
Directorate General of Central Taxes
p.89
unresolved
org
Directorate General of Customs
p.90
unresolved
org
Bank Jatim Retired Employees
p.90
unresolved
org
Bank Jatim Syariah
p.92 ×2
unresolved
org
Bank Jatim Info
p.93
unresolved
org
Bank SMS Banking
p.93
unresolved
org
Bank Jatim ATM Card
p.94
unresolved
org
Bank Jatim ATM
p.94 ×2
unresolved
org
Bank Jatim Virtual Account
p.94 ×2
unresolved
org
Bank Jatim Offices
p.96
unresolved
org
Bank Jatim Automated Teller Machines
p.97
unresolved
org
Dr. Soetomo Branch
p.98
unresolved
person
Forum Komunikasi
· Komisaris
p.99
unresolved
org
Bank Jatim Share
p.111
unresolved
org
PT Bank Perkreditan Rakyat Jawa Timur
p.279
unresolved
—
Edi Masrianto
· Director of Commercial & Corporate
p.335 ×2
unresolved
person
ERDIANTO SIGIT CAHYONO
p.335
unresolved
person
Tabel Rangkap
· Komisaris
p.354
unresolved
org
Ministry of Finance Commissioner Muhammad Mas’ud
p.354
unresolved
person
University
· Director
p.354
unresolved
org
Management of conflicts of interest for
· and making decisions that lead to abuse of authority and/
p.354
unresolved
—
as stipulated in
· or improper decision making.
p.354
unresolved
—
Guidelines and Procedures are as follows:
· 7. Not holding multiple positions as:
p.354
unresolved
org
Trading or self-dealing with the aim of obtaining personal
· and nonbanks.
p.354
unresolved
—
gain.
· b. Members of the Board of Directors, members of the
p.354
unresolved
org
2. Not taking advantage of the Company for personal, family,
· Board of Commissioners or Executive Officers in more
p.354
unresolved
—
profits.
· company, either domiciled inside or outside the
p.354
unresolved
org
3. Do not take and/or receive personal benefits from the Bank
· country.
p.354
unresolved
—
GMS.
· and/or other positions in accordance with laws and
p.354
unresolved
—
4. Not involved in making decisions about
· regulations.
p.354
unresolved
—
Articles of Association or applicable laws
· Financial Services Authority Regulation.
p.354
unresolved
org
Pengawas Pasar
p.548
unresolved
org
BAPEPAM-LK
p.548 ×4
unresolved
person
Sulam Andjar Rochim
· Anggota
p.550
unresolved
org
Dana Pensiun Pegawai Bank Pembangunan Jawa Timur
p.587
unresolved
org
Bank Pembangunan Daerah Daerah Jawa Timur Tbk
p.588 ×2
unresolved
org
Dana Pensiun Lembaga Keuangan
p.588
unresolved
org
Dana Pensiun Lembaga Rakyat Indonesia
p.588
unresolved
org
PT Asuransi Jiwasraya (Persero)
p.589
unresolved
org
PT Asuransi Jiwa Inhealth
p.589
unresolved
org
PT Asuransi Jiwa Inhealth Indonesia
p.589
unresolved
person
Untung Darnosoewirjo
p.590 ×2
unresolved
person
Darnosoewirjo
p.590
unresolved
person
Wachid Hasyim
p.590 ×2
unresolved
org
Pemerintah Provinsi Jawa Timur
p.672 ×3
unresolved
org
Kabupaten Sidoarjo
p.672 ×2
unresolved
org
Kabupaten Bojonegoro
p.672 ×2
unresolved
org
Kabupaten Banyuwangi
p.672 ×2
unresolved
org
Kabupaten Malang
p.672 ×2
unresolved
org
Kabupaten Gresik
p.672 ×2
unresolved
org
Kabupaten Tuban
p.672 ×2
unresolved
org
Kabupaten Ngawi
p.672 ×2
unresolved
org
Kabupaten Kediri
p.672 ×2
unresolved
org
Kabupaten Sumenep
p.672 ×2
unresolved
org
Kabupaten Kraksaan
p.672 ×2
unresolved
org
Kabupaten Jember
p.672 ×2
unresolved
org
Kabupaten Lamongan
p.672 ×2
unresolved
org
Kabupaten Sampang
p.672 ×2
unresolved
org
Kabupaten Bondowoso
p.672 ×2
unresolved
org
Kabupaten Trenggalek
p.672 ×2
unresolved
org
Kabupaten Mojokerto
p.672 ×2
unresolved
org
Kabupaten Nganjuk
p.672 ×2
unresolved
org
Kabupaten Situbondo
p.672 ×2
unresolved
org
Kabupaten Tulungagung
p.672 ×2
unresolved
org
Kabupaten Lumajang
p.672 ×2
unresolved
org
Kabupaten Pacitan
p.672 ×2
unresolved
org
Kabupaten Pasuruan
p.672 ×2
unresolved
org
Kabupaten Pamekasan
p.672 ×2
unresolved
org
Kabupaten Blitar
p.672 ×2
unresolved
org
Kabupaten Bangkalan
p.672 ×2
unresolved
org
Kabupaten Madiun
p.672 ×2
unresolved
org
Kabupaten Jombang
p.672 ×2
unresolved
org
Kabupaten Ponorogo
p.672 ×2
unresolved
org
Kabupaten Magetan
p.672 ×2
unresolved
org
Kota Surabaya
p.672 ×2
unresolved
org
Kota Madiun
p.672 ×2
unresolved
org
Kota Malang
p.672 ×2
unresolved
org
Kota Pasuruan
p.672 ×2
unresolved
org
Kota Mojokerto
p.672 ×2
unresolved
org
Kota Probolinggo
p.672 ×2
unresolved
org
Kota Blitar
p.672 ×2
unresolved
org
Kota Kediri
p.672 ×2
Extraction attempts how the parser did, and what it refused
Nothing structured was extracted from this document — the attempts below say why.
No extraction attempted yet.