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Annual Report 2024 PT Bank UOB Indonesia Building the Future of ASEAN
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About this Report PT Bank UOB Indonesia (UOB Indonesia or Bank) has been committed to creating long-term value for our customers, our colleagues and the community since 1956. We aim to provide continuous product and services excellence while generating positive contributions to the development of enterprise and economic growth, and returns to our stakeholders. The format of this report follows the requirements of Indonesian Financial Services Authority/Otoritas Jasa Keuangan (OJK) and is in line with UOB Group’s reporting practices. This report and more information on UOB Indonesia can be found at www.uob.co.id. Please scan the QR codes to view: https://www.uob.co.id/about-us/investor-relations/laporan-keuangan/annual-report.page
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The cover for this year’s Annual Report features one of nine bonsai trees
we have planted around UOB Plaza in Singapore since 2024. Specially
incorporated into our office landscape, these living works of art add
a touch of nature to the heart of the Central Business District, allowing visitors
to appreciate their beauty in this urban oasis.
Bonsai trees require meticulous nurturing over many years to achieve their
optimal form. Cultivating bonsai trees involves discipline and perseverance.
With the right maintenance and care, bonsai trees with their strong
foundations can flourish for generations.
The qualities associated with the art of bonsai reflect UOB’s unique culture
and values. Anchored by a strong foundation, together with careful nurturing
and a long-term view to investing, UOB has grown over 90 years into
a leading bank in the region with one of the largest footprint in Southeast
Asia.
Our culture and values will continue to guide us as we work towards our
purpose of building the future of ASEAN.
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 1
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Contents
About this Report 71 Share Listing Chronology
1 Theme 71 Bond Listing Chronology
72 Supporting Institutions and/or
4 Highlights Professions
6 Key Financial Graphics 72 Public Accountant and Public
Accounting Firm
8 Five-Year Financial Summary
72 Information on The Company Website
12 2024 Event Highlights
73 Awards and Certifications
74 Operational Area and Market Served
28 Management Report
30 Board of Commissioners Report
84 Management Discussion and Analysis
33 Board of Directors Report
86 2024 Macroeconomic Review
89 Business Overview
40 Company Profile
113 Human Resources
42 Corporate Identity
122 Information Technology and Operations
44 UOB Indonesia in Brief
126 Financial Review
46 Milestones
48 Vision, Mission, Sustainability Objective
and Values 144 Good Corporate Governance
50 Business Activities 146 Good Corporate Governance Structure
54 Organisational Structure 146 General Meeting of Shareholders
56 Profile of the Board of Commissioners 154 Board of Commissioners
59 Information on Changes to the Members 161 Board of Directors
of the Board of Commissioners 173 Completeness and Implementation of
60 Profile of the Board of Directors Committees’ Duties
64 Information on Changes to The 213 Corporate Secretary
Members of The Board of Directors 215 Corporate Communications
64 Employee Demography 216 The Implementation of Compliance,
65 United Overseas Bank Limited as a Internal Audit, and External Audit
Controlling Shareholder Functions
66 Where We Operate 222 The Implementation of Risk
Management Including Internal Control
67 Five-Year Financial Summary of United System
Overseas Bank Limited
222 Lending to Related Party and Large
70 Company Group Structure Exposure
223 Bank’s Strategic Plan
224 Shareholders Aspect
224 Transparency of Bank’s Financial
and Non Financial Condition Not Yet
Disclosed in Other Reports
2 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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224 Share Ownership and Financial and 320 Sustainability Report
Family Relationships of Members of 322 About This Sustainability Report
the Board of Commissioners and Board
of Directors with Fellow Members of 324 About Sustainability Report
the Board of Commissioners, Board 325 Sustainability Highlights
of Directors and/or the Controlling 327 Our Approach
Shareholders of the Bank
336 Drive Growth Sustainably
227 Disclosure of Remuneration Policy
341 Keep Customers at Centre
228 Remuneration Package/Policy and Other
Benefits for Board of Commissioners and 348 Develop Professionals of Principle
Board of Directors 355 Uphold Corporate Responsibility
231 Number of Internal Fraud Cases and 370 Index and Feedback Form
Bank’s Effort to Settle the Cases 375 Appendix
231 Number of Legal Cases and Bank’s
Effort to Settle the Cases
379 Statement of the Members of Board of
231 Legal Cases Faced by the Bank, Board
Commissioners and Board of Directors
of Commissioners and Board of Directors
regarding Responsibility for 2024 Annual
232 Administrative Penalties Report of PT Bank UOB Indonesia
232 Transactions Involving Conflict of
Interest
380 Financial Report
232 Bank’s Share and Bond Buybacks
232 Donation for Social and Political
Activities During the Period of 2024
233 Code of Conduct
234 Corporate Culture
234 Whistle-blowing
235 Implementation of Prevention of
Corruption, Kickbacks, Fraud, Bribery
and/or Gratification
236 Internal Communications
236 Corporate Social Responsibility
237 Customer Protection
238 General Conclusion of The Result of Self-
Assessment of the Implementation of
Good Corporate Governance at PT Bank
UOB Indonesia
241 Risk Management
266 Risk Exposure Table
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 3
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Building the
Highlights
Future of ASEAN
6 Key Financial Graphics
8 Five-Year Financial Summary
12 2024 Event Highlights For the people and businesses within,
and connecting with, ASEAN.
Our Purpose statement above underscores UOB’s brand
promise to do right by our stakeholders, including
customers, colleagues and the community. It reflects
our long-term strategy, signaling the Bank’s intent to
intensify investment in the region to help realise the
potential of the people and businesses in ASEAN. It also
reinforces UOB’s commitment to facilitate economic
flows within and with ASEAN to support businesses
across generations.
2024 UOB Indonesia
Financial Highlights
Net Profit
IDR406 billion
-39.8%
Operating Profit
IDR608 billion
-33.7%
Net Non-Performing Loans Ratio
1.11%
-0.28% pt
4 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Gross Customer Loans Customer Deposits Total Assets
IDR100,412 billion IDR116,912 billion IDR156,142 billion
+19.5% -2.0% -3.9%
Gross Non-Performing Loans Ratio Non-Performing Loans
Net Stable Funding Ratio
2.05% 115.23% IDR2,055 billion
-0.53% pt -4.4%
-16.32% pt
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 5
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Highlights
Key Financial Graphics
Loans – net Customer Deposits Total Assets
(in Billion Rupiah) (in Billion Rupiah) (in Billion Rupiah)
162,546
119,283
116,912
96,452
113,917
156,142
100,034
138,276
91,965
121,395
81,298
116,554
79,912
71,198
67,711
2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024
Total Equity Net Interest Income Income for the Year
(in Billion Rupiah) (in Billion Rupiah) (in Billion Rupiah) 951
17,826
17,601
15,361
14,678
675
655
14,136
5,844
5,357
518
406
5,140
4,433
4,131
2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024
6 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Loan to Deposit Capital Adequacy Return on Assets
Ratio (LDR) Ratio (CAR) (ROA)
(in Percentage) (in Percentage) (in Percentage)
85.89
18.85
0.84
18.32
76.87
17.98
16.57
0.71
16.51
74.78
73.18
0.70
69.92
0.61
0.35
2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024
Return on Equity Net Interest Margin Non-Performing
(ROE) (NIM) Loans (NPL) – gross
(in Percentage) (in Percentage) (in Percentage)
6.70
4.68
4.44
4.02
3.98
3.51
3.81
3.85
3.92
3.82
2.98
2.55
2.58
2.44
2.05
2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 7
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Highlights
Five-Year Financial Summary
Statement of Financial Position
(in Billion Rupiah)
as of 31 December
Description
2024 2023 2022 2021 2020
Assets
Cash 682 604 717 632 594
Current accounts with Bank Indonesia 5,799 9,901 8,870 4,315 3,374
Current accounts with other banks - net 822 982 1,094 1,879 1,412
Placements with Bank Indonesia and other
3,657 2,136 5,856 2,995 7,914
banks - net
Trading securities and financial investments -
34,760 35,795 28,547 18,054 19,710
net
Derivative receivables 2,062 841 1,321 727 1,325
Loans - net 96,452 79,912 81,298 71,198 67,711
Receivables on securities purchased with
1,653 22,678 2,870 15,540 9,194
agreements to resell
Acceptance receivables - net 2,418 2,499 3,683 2,753 2,061
Deferred tax assets - net 642 734 747 553 378
Fixed assets and right-of-use assets - Book
2,940 2,685 1,408 1,233 1,297
value
Intangible assets - net 1,097 1,130 - - -
Other assets - net 3,158 2,649 1,865 1,516 1,584
Total Assets 156,142 162,546 138,276 121,395 116,554
Liabilities and Equity
Current liabilities 504 475 193 176 205
Demand deposits 32,135 23,702 24,166 21,583 17,666
Saving deposits 35,076 37,486 38,648 31,727 24,076
Time deposits 49,701 58,095 51,103 46,724 50,223
Customer deposits 116,912 119,283 113,917 100,034 91,965
Deposits from other banks 4,440 1,399 206 74 178
Interest payables 196 199 132 126 153
Tax payables 105 171 196 241 244
Derivative payables 2,226 1,223 1,401 725 1,682
Liabilities on securities sold under repurchase
5,576 13,296 - 13 -
agreements
Acceptance payables 2,307 2,412 3,252 2,311 2,009
Borrowings - - - - 2,037
Liabilities for employee’s benefits 439 344 258 279 301
Debt securities issued - net 1,042 1,443 1,596 1,498 2,582
Other liabilities 4,569 4,700 1,764 1,240 1,062
Total Liabilities 138,316 144,945 122,915 106,717 102,418
Total Equity 17,826 17,601 15,361 14,678 14,136
Total Liabilities and Equity 156,142 162,546 138,276 121,395 116,554
8 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Statement of Profit or Loss and Other Comprehensive Income
(in Billion Rupiah)
for the years ended 31 December
Description
2024 2023 2022 2021 2020
Interest income 11,496 9,945 7,571 6,941 7,697
Interest expense (5,652) (4,588) (2,431) (2,508) (3,566)
Interest income - net 5,844 5,357 5,140 4,433 4,131
Total other operating income - net 1,653 1,374 1,396 1,339 1,520
Total provision for impairment losses (1,077) (797) (1,599) (1,478) (1,513)
Total other operating expenses (5,812) (5,017) (3,801) (3,464) (3,360)
Operating income 608 917 1,136 830 778
Total non-operating (expense)/income (43) (5) 12 19 5
Income before tax expense 565 912 1,148 849 783
Tax expense (159) (237) (197) (194) (265)
Income for the year 406 675 951 655 518
Other comprehensive (loss)/income for the
(181) 65 (268) (113) 135
year - net of tax
Total comprehensive income for the year 225 740 683 542 653
Net profit attributable to:
Owner’s equity 406 675 951 655 518
Total comprehensive income for the year attributable to:
Owner’s equity 225 740 683 542 653
Basic earnings per share
33 60 85 59 49
(in Rupiah, full amount)
Statement of Cash Flow
(in Billion Rupiah)
for the years ended 31 December
Description
2024 2023 2022 2021 2020
Cash and cash equivalents at beginning of
13,946 16,543 9,826 13,308 11,085
year
Net cash (used in)/provided by operating
(1,718) (730) 18,585 (1,044) 6,935*
activities
Net cash provided by/(used in) investing
3,640 (3,121) (12,223) 704 (4,590)
activities
Net cash (used in)/provided by financing
(511) 1,285 29 (3,164) (189)*
activities
Net effect on exchange rate on cash and cash
107 (31) 326 22 67
equivalents
Cash and cash equivalents at the end of year 15,464 13,946 16,543 9,826 13,308
*Reclassification in connection with the implementation of PSAK 73 which is effective starting 1 January 2020.
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 9
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Highlights
Financial Ratios
(in percentage, unless stated otherwise)
as of 31 December
Description
2024 2023 2022 2021 2020
Capital
Capital Adequacy Ratio
16.51 18.32 16.57 17.98 18.85
(CAR)
Tier 1 ratio 15.11 16.73 14.74 15.88 16.41
Tier 2 ratio 1.41 1.58 1.83 2.10 2.44
Gross fixed assets to capital 32.38 28.55 20.42 19.88 19.08
Assets Quality
Non-performing earning
0.64 0.73 1.01 1.28 0.89
assets to total earning assets
Non-performing loans (NPL)
2.05 2.58 2.98 3.51 2.44
– gross
Non-performing loans (NPL)
1.11 1.39 1.73 2.22 1.51
– net
Earnings
Return on assets (ROA) 0.35 0.61 0.84 0.71 0.70
Return on equity (ROE) 2.55 4.44 6.70 4.68 4.02
Net interest margin (NIM) 3.92 3.85 3.98 3.81 3.82
Operating expense to
95.64 92.31 87.74 90.19 92.26
operating income (BOPO)
Liquidity
Loan to deposit ratio (LDR) 85.89 69.92 73.18 74.78 76.87
Low-cost funding ratio
57.49 51.30 55.14 53.29 45.39
(CASA)
Compliance
Violation of Legal Lending
0.00 0.00 0.00 0.00 0.00
Limit (LLL)
Lending in excess of the
0.00 0.00 0.00 0.00 0.00
Legal Lending Limit (LLL)
Minimum statutory reserves (GWM): Rupiah
- daily 7.52 9.42 9.47 3.92 3.25
- average 9.11 10.34 10.57 4.24 3.12
Minimum statutory reserves (GWM): Foreign currencies
- daily 4.17 4.67 4.10 4.13 4.20
- average 4.14 4.22 4.12 4.12 4.14
Net open positions (NOP)
5.36 4.16 1.52 0.97 4.04
aggregate
Others
Liabilities to equity ratio 775.92 823.50 800.18 727.05 724.52
Liabilities to assets ratio 88.58 89.17 88.89 87.91 87.87
Total issued and fully paid
shares capital 12,227,591,633 12,227,591,633 11,186,644,888 11,186,644,888 11,186,644,888
(in IDR, full amount)
10 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Highlights of Shares in The Last Two Years
For the period 2023 to 2024, UOB Indonesia did not issue or trade shares on Indonesia Stock Exchange and stock
exchanges of other countries. Therefore, information related to the Bank’s shares is not applicable to be disclosed.
Information on Corporate Action in The Last Two Years
In 2023, the Bank issued 1,040,946,745 new ordinary shares at total amount of IDR1,500 billion to our existing
shareholders. This increased the Bank’s ordinary share capital to 12,227,591,633 shares or IDR3,056 billion as at
31 December 2023. In 2024, the Bank issued Senior Debt Shelf Offering IV Phase I 2024 of IDR100 billion and
Subordinate Debt Shelf Offering IV Phase I 2024 of IDR100 billion through a public offering to increase loans
distribution.
Information on Company Ratings
No Rating Agency Rating Rating Description Validity Period
1 Fitch Ratings Indonesia AAA(idn) Senior Debt 2024
2 Fitch Ratings Indonesia AA(idn) Subordinated Debt 2024
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 11
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Highlights
2024 Event Highlights
Fostering a culture of care, growth, and trust.
Culture is a key differentiator for UOB. We believe that people are at the heart of our business. Our culture of care,
growth and trust we foster shapes how UOB family grow.
UOB Indonesia CEO Awards 2024
In appreciation of employee’s contribution to the Bank’s achievement,
UOB Indonesia awarded the most prestigious recognition CEO Awards,
to Theresia Sherry Tjoa, Cluster Manager – Batam Center Region 3. The
recognition was awarded by Mr Wee Ee Cheong, Deputy Chairman and
Chief Executive Officer, UOB, Mr Hendra Gunawan, President Director,
UOB Indonesia, along with Mrs Gevy Wulandari, Head of Human
26 January 2024 Resources, UOB Indonesia.
UOB Indonesia simultaneously held the Start of the Year (SOTY) themed
‘Better Together’. The SOTY event series comprised of SOTY Workshop,
Service Convention, Sales Convention, Sales and Service Awards, and
UOBI Got Talent.
Introducing The UOB Way at the Better Together Carnival
With the aim of bringing UOB colleagues together as one team post-
acquisition, UOB Indonesia held Better Together Carnival, an interactive
session to refresh UOB’s Employee Value Proposition: Care, Growth, and
Trust along with various employee programmes.
2 February 2024
Cultivating comprehension on Personal Data Protection
(PDP) Law
UOB Indonesia held a workshop themed “Implementation of Personal
Data Protection (PDP) Law, Challenges and Opportunities of Banking
Sector in Indonesia” to upskill colleagues on the law. The session began
with Mr Ardhi Wibowo, Compliance, Legal, and Corporate Secretary
26 February 2024 Director of UOB Indonesia, and guided by Mr Teguh Arifiyadi, Director
of Informatics Application Control from Ministry of Communications and
Information Technology of the Republic of Indonesia.
12 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Eid al Fitr celebration ‘Gebyar Ramadan 2024’
In pursuit of achieving an inclusive work environment, UOB Indonesia
held a series of events themed ‘Gebyar Ramadan 2024’ throughout
March and April to welcome Eid al Fitr. The event series consists of takjil
distribution for colleagues, Ramadan donation for Sekoci Foundation,
religious sermon, transportation facility to colleagues’ hometown (mudik
bersama), and Halal Bihalal.
March-April 2024
Person of the Month: Hendra Gunawan, President Director,
UOB Indonesia
Mr Hendra Gunawan, President Director of UOB Indonesia, was
recognised by CNBC Indonesia as the ‘Person of the Month’ on May
2024 for his leadership in driving the bank’s growth and success in
Indonesia.
May 2024
Christmas Celebration with UOB Indonesia
To close the year, UOB Indonesia colleagues celebrates Christmas
through a series of events. The 2024 Christmas Celebration comprised
of employee fundraising for Desa Putera Foundation and Christmas
praise and worship.
December 2024
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 13
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Highlights
Delivering personalised experience for every customers
Customer-centricity is at the centre of what we do. With our unparalleled network in ASEAN, we deliver personalised
experiences to our customers through beyond banking solutions, prioritising customer convenience. This underscores
our ambition to be the bank of choice for aspiring individuals within, and connecting with, ASEAN.
Welcoming The Year of Wood Dragon with customers
Throughout February 2024, UOB Indonesia held a series of Lunar New
Year celebrations with customers of Business Banking, Commercial
Banking, Consumer Banking, and Privilege Banking. The session includes
2024 market outlook to welcome the Year of the Wood Dragon.
February 2024
Enhancing customers’ banking experience through UOB
Indonesia’s signature branches
As part of the Bank’s commitment to do right by our customers, UOB
Indonesia opened two ( 2 ) signature branches in Jakarta and West Java
Area. The new signature branches offer the concept of wellness centre,
where customers can enjoy seamless digital and in-person transactions,
while integrating wellness and tailored wealth advisory based on their
January-March 2024 unique needs.
The launch of Garuda Indonesia UOB Card (GIUC)
UOB Indonesia and Garuda Indonesia launched the Garuda Indonesia
UOB Credit Card (GIUC), enhancing the experience of customers who
love to travel. GUIC cardholders can convert retail transactions into
GarudaMiles and enjoy other exclusive benefits when flying with Garuda
Indonesia. The Garuda Indonesia UOB card and Volopay platform,
8 March 2024 aimed to accelerate innovation, enhance market penetration and drive
sustainable growth.
14 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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2024 Market Outlook: Navigating Through Political
Leadership Transition
UOB Indonesia held 2024 Market Outlook themed ‘Navigating
Through Political Leadership Transition’, exploring the market optimism
post-presidential election for Privilege Banking and Wealth Banking
customers.
27 March 2024 The exclusive insights were shared by Indonesian politics expert,
Professor Burhanuddin Muhtadi, Executive Director of Indonesian
Political Indicator; economy experts: Enrico Tanuwidjaja, ASEAN
Economist, UOB; Albert Z Budiman, Chief Investment Officer, UOB Asset
Management Indonesia; and Vera Margaret, Head of Deposit and
Wealth, UOB Indonesia.
Limited Edition, Unlimited Love
UOB Indonesia announced the winner of MINI Paul Smith Bespoke
Edition lucky draw, a collaboration between UOB, Mini Cooper, and Paul
Smith. The lucky draw is part of a campaign held by UOB Cards themed
‘Limited Edition, Unlimited Love’, reinforcing the Bank’s commitment to
fulfil customers various lifestyle needs.
3 April 2024
UOB Media Literacy Circle: Fostering a Healthy Financial
Culture for the Younger Generation
UOB Indonesia held the UOB Media Literacy Circle themed ‘Fostering
a Healthy Financial Culture for the Younger Generation’. The panelists
at the discussion were invited Halimatus Sa’diyah, Deputy Director
of Financial Education Implementation, OJK, Vera Margaret, Head
of Deposit and Wealth Management, UOB Indonesia, and Najelaa
24 April 2024 Shihab, Psychologist and Founder of Cikal School, discussing the roles
of regulators, the banking industry, and educational institutions in
bridging financial literacy for the younger generation to prevent them
being entwined in online loans.
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 15
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Highlights
Empowering the ladies with the new look of UOB Lady’s
Card
Celebrating its 35th year in Singapore as the first credit card in Southeast
Asia focusing on catering women’s needs, UOB Indonesia launched
the latest cardface for UOB Lady’s Card designed by UOB Painting of
the Year (Singapore) winner with tagline ‘Unstoppable Together’. The
launch reaffirms the Bank’s commitment to champion the abilities and
17 May 2024 success of women, wherever they are.
The launch of UOB Telkomsel credit card to support
‘Lifestyle Connected’
UOB Indonesia collaborated with Telkomsel to launch a co-branded
credit card, inviting customers to enjoy a limitless digital lifestyle
and understand the essence of ‘Lifestyle Connected’. The credit card
offers exclusive benefits for customers, making their banking and
communication experience easier and more rewarding.
UOB Telkomsel Credit Card
10 September 2024
Embracing What’s Next: The Future Fiscal Policy and
Budget Posture Plan
UOB Privilege Banking held the Privilege Conversation: Mid-Year Market
Outlook 2024 on August 13, 2024 in Surabaya. The event, which took
the theme “Embracing What’s Next: The Future Fiscal Policy and Budget
Posture Plan” invited more than 200 PV customers in Surabaya and was
attended by Mr. Emil Dardak, Deputy Governor of East Java for the 2019-
13 August 2024 2024 period.
Privilege Conversation: Mid-Year Outlook 2024
Ushering the New Leadership Amidst Volatile and
Uncertain Markets”
Amidst the market uncertainties in the political year of 2024, UOB
Indonesia invited Privilege Banking customers to the Privilege
Conversation session at Medan, themed “Ushering a New Leadership
Amidst Volatile and Uncertain Markets”. The session aimed to provide
22 October 2024 macroeconomic and investment insights brought by economy experts,
Chatib Basri, Economist, Researcher, and Former Indonesian Finance
Minister, and Enrico Tanuwidjaja, ASEAN Economist, UOB; with
investment experts: Vera Margaret, Head of Deposit and Wealth
Management, UOB Indonesia, and Albert Z. Budiman, Chief Investment
Officer, UOB Asset Management Indonesia.
16 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Cultivating the culture of savings with UOB Savings Weeks
UOB Indonesia launched UOB Savings Weeks programme, aimed to
empower customers in achieving their financial aspirations by cultivating
the culture of savings. The programme was held from 2-16 December
2024 in four cities in Indonesia offered various rewards for customers
who managed to maintain the amount of available funds, added funds
to existing balance, or place fresh funds.
2 December 2024
Driving business growth across ASEAN and beyond
As a bank with a strong regional footprint in ASEAN, we strive to connect businesses with new growth opportunities.
Through our One Bank approach, businesses can find the right ecosystem partners, explore new trade horizons,
diversify supply chains, and enter new markets seamlessly.
Supporting the development of SMEs in Indonesia through
UOB FinLab UKM Sukses: Digitalisation Innovation
Programme
UOB FinLab Indonesia partnered with APINDO (Asosiasi Pengusaha
Indonesia) for the UKM Sukses: Digitalisation Innovation Programme.
The 8-weeks training programme invited 40 SME (Small Medium
Enterprises) owners to participate in a series of educational sessions,
15 March – 24 April 2024 aimed to expand their financial management knowledge.
Securing US$620 million Syndication Loan for Tanito
Harum Nickel
As Sole Coordinator and MLAUB, UOB Indonesia managed to invite
10 global banks in realising syndication loan worth US$620 million for
Tanito Harum Nickel. The successful transaction strengthens UOB’s
commitment in building a sustainable future for Indonesia’s nickel
industry, with the potential to enhance job creation, technological
12 June 2024 acceleration, and sustainability practices in the Southeast Asia region.
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 17
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Highlights
Extension of agreement with Dukcapil
UOB Indonesia signed an extension of agreement with Dukcapil
(Demography and Civil Registry Office), introducing their new feature
Identitas Kependudukan Digital (IKD). The feature aims to store citizens’
digital identities to simplify administration and registration for services
provided by public and private sectors
26 June 2024 The agreement renewal was conducted by Mr Hendra Gunawan,
President Director, UOB Indonesia, together with Dr Teguh Setyabudi,
M.Pd, Director General of Dinas Kependudukan dan Pencatatan Sipil,
Kementerian Dalam Negeri Republik Indonesia.
UOB Indonesia and Singapore Chinese Chamber
of Commerce and Industry: Business Professionals
Networking Event
UOB Indonesia invited Commercial Banking customers to Business
Professionals Networking Events with the delegates of Singapore
Chinese Chamber of Commerce and Industry (SCCCI), aimed to bridge
industry players with potential investors and showcased business
15 July 2024
opportunities in Indonesia.
This event is part of Ministry of Investment/BKPM’s initiative to expand
foreign direct investment in Indonesia.
Empowering the womanpreneur in Indonesia through the
UKM Sukses: Digitalisation Innovation Programme
UOB FinLab Indonesia held the second series of UKM Sukses:
Digitalisation Innovation Programme, themed “Digitalise and
Optimise Your Business: Womenpreneurs Edition.” The programme, in
collaboration with HIPMI Jaya, focused on equipping 45 female SME
players through three series of sharing sessions from women leaders in
11 and 18 July 2024 various industries.
18 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Facilitating green loan IDR3.73 trillion for PT Putragaya
Wahana
UOB secured an IDR3.73 trillion syndicated green and term loan facility
for PT Putragaya Wahana (PGW), marking PGW’s first syndicated and
green loan. In this transaction, UOB served as the sole coordinator,
green coordinator and lead arranger, and actively formalised customer’s
Green Financing Framework.
19 July 2024
UOB Media Editors’ Circle: Elevating Indonesia’s SMEs
Through Regional Connectivity and Digitalisation
Capabilities
UOB Indonesia held the UOB Media Editors Circle, themed ‘Elevating
Indonesia’s SMEs Through Regional Connectivity and Digitalisation
Capabilities’. The session dived into the findings of UOB Business
Outlook 2024 and discussed how regulators, banking industry, and local
industry association can help to elevate Indonesia’s SMEs. The panel
12 August 2024
discussion was led by Mardyana Listyowati, Acting Director General
of National Export Development, Ministry of Trade of the Republic of
Indonesia; Enrico Tanuwidjaja, ASEAN Economist, UOB; Dewi Tuegeh,
Head of Business Banking, UOB Indonesia; and Mada Ayu Habsari,
Chairman, Asosiasi Energi Solar Indonesia (AESI).
UOB Indonesia facilitates bilateral working capital and
foreign exchange for LOTTE Chemicals Indonesia
UOB Indonesia successfully provided financing US$190 million bilateral
working capital and US$20 million foreign exchange facilities for LOTTE
Chemicals Indonesia (LCI). The facilities will be utilised for LOTTE
Chemical Indonesia New Ethylene (LINE) Project, which plays a strategic
role for Indonesian government with significant import substitution
20 September 2024 effects and increase Indonesia trade balance in the upcoming future.
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Highlights
UOB Economic Outlook 2025: Ushering a New Dawn for
Remarkable Indonesia
UOB Indonesia held the UOB Economic Outlook 2025 themed ‘Ushering
a New Dawn for Remarkable Indonesia’ attended by 500 customers.
The event focused on Indonesia’s growth potential and steps to achieve
Golden Indonesia 2045 vision entering the era of new government, key
economic experts participated in the panel discussion: Burhanuddin
25 September 2024 Abdullah, Former Governor of Bank Indonesia 2003-2008, and Ferry
Irawan, Deputy for Macroeconomics and Financial Coordination,
Coordinating Ministry for Economic Affairs of the Republic of Indonesia.
Empowering ultra-micro business owners in Indonesia
UOB Indonesia signed a IDR500 billion credit facility with PT Permodalan
Nasional Madani through Membina Ekonomi Keluarga Sejatera. This
facility reinforces UOB’s commitment in supporting the welfare of ultra-
micro segments, empowering women micropreneurs, and contribute to
Indonesia’s sustainable economic growth.
3 October 2024
UOB Sopo Del, the first branch for corporate customers
As a form of the Bank’s support for business development, UOB
Indonesia officially opened the first branch office specified to cater the
needs of corporate customers at the Sopo Del building, Jakarta. The
UOB Sopo Del branch office reflects the Bank’s commitment to providing
the best banking experience for customers through convenience and
ease of access, as well as comprehensive banking solutions tailored to
9 October 2024 customer needs.
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UOB Golf Invitational 2024
UOB Indonesia held the UOB Golf Invitational 2024 event for the 10th
consecutive year at Bogor, Indonesia. The annual event was attended by
120 Wholesale Banking customers and business partners to strengthen
partnerships in the spirit of appreciation and collaboration.
18 October 2024
UOB financed 2024’s largest syndication loan in Indonesia
UOB successfully arranged the largest syndicated loan in Indonesia for
2024 as Joint Coordinators, securing US$1.5 billion for Mining Industry
Indonesia (MIND ID). The transaction will help MIND ID strengthen its
capital structure and support the Indonesian government major goals
in reinforcing downstreaming and national strategic efforts.
26 November 2024
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Highlights
Forging a sustainable future for across ASEAN
We integrate sustainability practices into our business and operations to cultivate positive growth and meaningful
impact to the economy, society and environment. To keep the good going, UOB supports art, children, and education
in our corporate social responsibility initiatives.
21 March 2024 4 May 2024
Sharing Ramadan kindness ‘Jalankan Niat Baik’:
with Sekoci Foundation sharing kindness with UOB
TMRW
In the spirit of generosity and giving
back to the community during the Throughout the Ramadan
holy month of Ramadan, more than period, UOB TMRW Indonesia
7-8 March 2024
40 UOB Indonesia colleagues, invited digital followers to share
dedicated a meaningful afternoon kindness with the local community
to spend time with children of through a social media digital
Building an inclusive Sekolah Cinta Anak Indonesia activation campaign ‘Jalankan
customer service culture (Sekoci) Foundation in Ruang Publik Niat Baik’. The campaign effort
through sign language class Terpadu Ramah Anak (RPTRA) successfully resulted in digital
at Bandung Gondangdia, Jakarta. donations that were converted
into 600 art equipments and
In view of building an inclusive The event began with donation digital learning tools distributed
community and providing handover to Sekoci Foundation, for four foundations in Indonesia.
equal services for the public, followed by a series of activity
UOB Indonesia continued sign including teaching personal health
language class initiative for staff and hygiene, puzzle making,
at UOB Dago, Bandung. learning basketball and traditional
Betawi dance with the children of
The staff had the opportunity to Sekoci.
practice what they learned while
visiting SLB Cicendo in Bandung
to donate hearing aids for the
students.
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5 June 2024
Sharing the basics of
banking to the students of
SLB Santi Rama
UOB Indonesia hosted 16 high
school students from SLB Santi
Rama for an office tour at UOB
7 May 2024 15 May Plaza, Jakarta. The tour featured
sharing sessions aimed at
The launch of 14th UOB Expanding an inclusive providing banking knowledge
Painting of the Year community in Indonesia to the students and visits to the
‘Palette to Plate: When Art Contact Centre, Dealing Room
Meets Flavour’ With the aim of expanding inclusivity and Customer Service Office. This
for the public, UOB Indonesia session is part of UOB Indonesia’s
In alignment with UOB’s purpose continues the sign language sustainable initiative to encourage
in making art accessible for programme initiative aimed to inclusivity and create employment
everyone and increasing facilitate communication with the pathways for the deaf community.
public appreciation for art, deaf community. This initiative
UOB Indonesia partnered was conducted by UOB Indonesia
with Remboelan Indonesian Commercial Banking colleagues,
Soulfood restaurant for the who participated in sign language
launch of 14th UOB Painting class, prior to visiting Sekolah Luar
of the Year. Themed ‘Palette to Biasa (SLB) Santi Rama in Jakarta.
Plate: When Art Meets Flavour’, They performed local songs in sign
the partnership produced three language and donated hearing
Indonesian cuisines interpreted aids, textbooks and crayon kits.
from the artworks of previous
year’s UOB POY winners.
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Highlights
Cultivating a sustainable culture through art
UOB Indonesia held the ‘Recycling for a brighter future’ art workshop,
invited Ni Nyoman Sani, 13th UOB Painting of the Year winner, to teach
children ways of utilising plastic bottles into moneyboxes in Museum
Pasifika, Bali. The workshop combines art and sustainability, while
introducing financial management for the children.
22 June 2024
Sharing aspiring art journeys to local Indonesian artists
with Artist Talk
In view of engaging local artists to participate in the 14th UOB Painting
of the Year (POY) competition in Indonesia, UOB Indonesia held an Artist
Talk with three UOB POY alumni: Ni Nyoman Sani, 13th UOB POY Winner;
Irene Febry, 11th UOB POY Emerging Artist Silver Award Winner; and Citra
Sasmita 7th UOB POY Established Artist Gold Award Winner. Together,
22 June 2024 they shared their art journeys after winning UOB POY, demonstrating
the impact and opportunities offered by the competition.
The Artful Balance: Managing Art and Finances
Understanding how artists may have different financial needs, UOB
Indonesia held a discussion titled “The Artful Balance: Managing Art
and Finances” at the Museum Benteng Vredeburg, Yogyakarta. Guided
by Suwarno Wisetrotomo, Lecturer ISI Yogyakarta, the panel discussion
was attended by Maya Rizano, Head of Strategic Communications and
Brand; Vera Margaret, Head of Deposit and Wealth Management; and
27 June 2024 Heri Pemad, Creator of ArtJog and 13th UOB Painting of the Year panel
judge, and equipped more than 50 art enthusiasts and local media with
the knowledge to balance their creative pursuits with sound financial
practices.
Fostering the growth and development through Kids@
Work
UOB Indonesia Kids@Work initiative brought together colleagues and
their children for a fun and educational event during the school holidays.
The children participated in a variety of engaging activities, including
dancing, singing and lessons savings and basic sign language ABCs to
promote appreciating diversity and enhance communications skill.
11 July 2024
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Advancing inclusivity through sign language class by SLB
Santi Rama students
To promote inclusive communications within the community, UOB
Indonesia organised a sign language class for employees, led by three
students from SLB Santi Rama. The students offered an authentic
learning experience and actively engaged with the participants, sharing
their expertise in a meaningful way.
1 August 2024
Introducing banking knowledge to the students of SLB
Negeri Semarang
UOB Indonesia enriched the financial literacy of over 15 students of SLB
Negeri Semarang, equipping the deaf community with valuable insights
on banking operations, customer service tools, account processes, and
identifying counterfeit money.
15 August 2024
UOB Indonesia’s participation at the Indonesia
International Sustainability Forum (IISF)
UOB Indonesia took part at the Indonesia International Sustainability
Forum (IISF), a platform fostering collaboration to pursue of sustainable
growth in Indonesia. Harapman Kasan, Wholesale Banking Director,
was a panellist at the Financial Energy Transition: Innovative Financing
Mechanism, to shared how the Bank supports customers in integrating
6 September 2024 sustainable practices through UOB’s comprehensive financial solutions.
Industrial and Battery Metals Joint Workshop
In collaboration with Bloomberg New Energy Finance (BNEF) and the
Euro Chamber of Commerce, UOB Indonesia’s Country Sustainability
Office held the ‘Industrial and Battery Metals Joint Workshop’ at UOB
Plaza, Jakarta. The workshop aimed to explore the potential of the
metal and nickel industry, as well as provide networking opportunities
for UOB Indonesia customers.
6 September 2024
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Highlights
4-6 October 2024 16 October 2024
UOB Art Space and Play by 14th UOB Painting of the Year
UOB at Art Jakarta 2024 awarding ceremony
UOB Indonesia returned as the UOB Indonesia awarded the 2024
Lead Partner of Art Jakarta 2024, UOB Painting of the Year (POY)
showcasing 34 artworks from the (Indonesia) award to a West
28 September 2024
UOB Art Alumni Network from five Sumatra-based artist, Muhammad
ASEAN countries at UOB Art Space. Yakin, for his artwork titled ‘The
The bank also presented Play by Idol of Unmoved Uncaused Cause
Keep the good going with UOB, an interactive art space for Mover’.
UOB Heartbeat Run 2024 children with Ni Nyoman Sani, 13th
UOB Painting of the Year. The award is also presented to
More than 3,000 UOBI seven other artists who won the
colleagues participated in the The 7th collaboration with Art Jakarta Emerging Artist and Established
UOB Heartbeat Run/Walk event reaffirms UOB’s commitment to Artist category.
held simultaneously in Jakarta, advancing the arts ecosystem and
Bandung, Semarang, Surabaya championing the arts and artists in
and Medan. The annual flagship the Southeast Asian region.
event managed to raise more
than Rp350 million (S$29,000)
to support the education of
hearing-impaired students in
Indonesia.
Continuing UOB Indonesia’s
ongoing efforts to foster an
inclusive community, the funds
raised from the 2024 UOB
Heartbeat Run was distributed
to five special needs schools in
five cities.
26 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Combining art and sustainability for World Tree Day
In conjunction with World Tree Day, UOB Indonesia’s (UOBI) Corporate
Sustainability Office held an art workshop in collaboration with Liberty
Society, a social enterprise dedicated to upcycling waste into goods and
empowering marginalised women in Indonesia. The event encouraged
sustainability learning and creative to exploration for UOB Indonesia
colleagues by painting a visual representation of Mother Earth while
blending 3D plastic cuts to their artworks aimed to repurpose waste
21 November 2024
into something meaningful.
Planting 1,000 mangrove trees to support reforestation
with UOB Indonesia colleagues
As part of the Bank’s commitment to building a sustainable future, UOB
Indonesia’s Corporate Sustainability Office invited colleagues to plant
1,000 mangrove trees at the Wonorejo Mangrove Ecotourism, Surabaya.
The activity, which collaborates with LindungiHutan, aims to support
reforestation and reduce the amount of carbon in Indonesia.
13 December 2024
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Management Report
30 Board of Commissioners Report
33 Board of Directors Report
28 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Management Report
Board of Commissioners Report
“In 2024, UOB Indonesia achieved growth by
enhancing ASEAN connectivity, boosting digital
capabilities and prioritising sustainability. By
providing businesses with seamless cross-border
solutions and an integrated digital banking
experience, we helped our customers navigate trade
complexities and thrive in an increasingly digital
economy”.
Dear Shareholders, Embracing Resilience and Growth in
a Transforming ASEAN
A bonsai tree symbolises harmony, patience and In 2024, the global economy continued to face
resilience – qualities that mirror UOB’s culture and long- uncertainties, including inflation, supply chain disruptions
term vision. Just like bonsai trees, strong institutions and geopolitical tensions. While advanced economies
need careful nurturing and a solid foundation to grow such as the United States and Europe grappled with
and sustain over time. inflationary pressures, ASEAN demonstrated resilience,
driven by strong domestic consumption, favourable
This year’s Annual Report cover features one of the demographics and rapid digital adoption. These factors
bonsai trees planted around our headquarters in reinforced ASEAN’s position as an attractive investment
Singapore. hub.
Rooted in our core values of honour, enterprise, As the largest economy in the region, Indonesia played
unity and commitment, UOB has established a deep a pivotal role in ASEAN’s growth. The country benefited
presence across Southeast Asia. Through discipline and from robust commodities exports, as well as major
perseverance, we continue to invest for the long term, infrastructure investments, which strengthened its
strengthening our position as a leading bank in the economic prospects. A growing middle class fuelled
region. consumer spending, while supportive government
policies created a conducive business environment.
Just as bonsai roots provide stability through changing
seasons, a strong culture anchors an organisation, UOB Indonesia is dedicated to financial inclusion and
ensuring it flourishes amid challenges. Our foundation economic development by expanding banking access,
remains firm as we work towards our goal of being the fostering innovation and delivering seamless financial
most preferred bank for consumers and businesses in services. By aligning our strategy with national priorities
ASEAN. and regional trends, we continue to be a growth partner
for our customers and the country.
We remain optimistic about ASEAN’s long-term growth
prospects, driven by increasing cross-border trade and
30 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
Page 33
rising foreign direct investments (FDI). Total trade flows Asset quality remained stable, with net non-performing
in ASEAN are projected to reach US$4.7 trillion by 2027, loan ratio improving to 1.1 per cent from 1.4 per cent
a 34 per cent increase from 2023. FDI inflows into the a year ago, well below the regulator’s maximum
region are also expected to grow to US$312 billion by threshold of 5.0 per cent. Our capital adequacy ratio
2027, providing new opportunities for UOB Indonesia to remained robust at 16.5 per cent, well above regulatory
deepen customer relationships and drive growth. requirements, underscoring our strong capital position
and ability to support future business expansion.
Strategic Initiatives and
As at end of 2024, The Bank’s fundamentals remain
Achievements in 2024 strong with stable asset quality, strong capital and
In 2024, UOB Indonesia strengthened ASEAN connectivity liquidity position with the Bank’s total capital stood at
by enhancing cross-border banking solutions, making IDR17,491 billion, core capital (Tier 1) accounting for 91.5
financing, payments, and trade services more accessible. per cent of the Bank’s total capital and Tier 1 capital
This enabled customers to capitalise on regional adequacy ratio of 15.1 per cent. The loan-to-deposit
opportunities amid deeper economic integration. ratio was healthy at 85.9 per cent.
Digital transformation remained a priority. The
launch of UOB Infinity and UOB BizSmart provided Strengthening Our People Culture
corporate customers with integrated banking solutions, Our people are essential to UOB’s performance and
streamlining transactions and financial management. success. The Board and Management are committed to
The successful integration of Citigroup’s consumer nurturing talent and investing in our people to help them
banking business in Indonesia, further strengthened our realise their full potential.
regional franchise and boosted annualised revenue.
At UOB Indonesia, we recognise that a strong people
Sustainability was another key focus as we expanded culture drives organisational success. In 2024, we
green financing initiatives, such as U-Energy and introduced the Better U Pivot Programme to equip
U-Solar, supporting businesses in adopting renewable employees with new skills and support career transitions.
energy solutions. Our operational efficiency programmes Our emphasis on continuous learning, diversity and
enhanced productivity and reinforced our commitment inclusion under The UOB Way fosters a collaborative
to environmental responsibility. In 2024, UOB became and empowering work environment.
an early adopter of the Taskforce on Nature-related
Financial Disclosures, demonstrating our leadership in Commitment to Governance and
sustainable finance. Sustainability
In 2024, UOB Indonesia upheld the highest standards
Steady Financial Performance of corporate governance. The Board of Commissioners
In 2024, UOB Indonesia demonstrated financial actively guided the Board of Directors in strengthening
resilience amid challenging economic conditions. Our risk management and best practices. Our Good
loan portfolio grew 19.5 per cent to IDR100 trillion year- Corporate Governance self-assessment received a “2”
on-year, driven by increased demand in Wholesale (Good) rating, affirming our commitment to transparency
Banking. and accountability.
Interest income rose 15.6 per cent to IDR11,496 billion, Aligned with UOB Group’s net-zero carbon commitment,
primarily due to income from loans, financial investments we set clear decarbonisation targets in key sectors such
and trading securities. Customer deposits reached as power, automotive, real estate, construction, and
IDR117 trillion, reflecting continued trust and confidence steel. We continued to support customers in adopting
in our financial stability. sustainable business practices and integrating
environmental responsibility into our lending portfolio.
Total operating expenses in 2024 increased 18.5 per
cent to IDR6,889 billion arising mainly from Citigroup’s To mitigate risks associated with new technologies,
integration related expenses. Overall, UOB Indonesia’s including artificial intelligence (AI) and Generative AI,
income before tax stood at IDR565 billion. UOB Indonesia enhanced governance frameworks and
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 31
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Management Report
introduce additional controls. We supported the Group’s Composition of the Board of
initiatives in building a GenAI platform with guardrails,
applying AI use cases to improve customer experience
Commissioners
Mr Johanes Susilo was appointed as Independent
and operational efficiency.
Commissioner with effect from 30 January 2024. I
continue to serve as the President Commissioner, along
Implementation of Supervisory Role with my fellow Commissioners – Mr Chin Voon Fat
The Board of Commissioners played a critical role in (Frederick Chin), Mr Chan Kok Seong, Mr Wayan Alit
ensuring regulatory compliance while guiding UOB Antara and Mr VJH Boentaran Lesmana.
Indonesia’s strategic direction. We closely monitored
financial performance, risk management and
governance, holding regular internal and joint meetings
Appreciation
2025 marks a milestone year for UOB as we celebrate
with the Board of Directors to provide oversight and
our 90th anniversary. Our success over the past nine
direction.
decades in the region has been anchored by our values
of being honourable, enterprising, united and committed,
Performance Assessment of the which will continue to guide us beyond this milestone.
Board of Directors
In 2024, the Board of Commissioners conducted an On behalf of the Board of Commissioners, I extend my
assessment of the Board of Directors, focusing on gratitude to the Board of Directors, management and
business performance and regulatory compliance. employees for your dedication and contributions. Your
Quarterly meetings ensured alignment with the Bank’s efforts have strengthened UOB Indonesia’s position and
objectives, while a review of our three-year strategic plan deepened trust with our stakeholders.
reaffirmed our focus on personalisation, connectivity
and sustainability. To our shareholders and customers, thank you for your
continued confidence. We look forward to another year
The Board of Commissioners is confident that the Board of growth, resilience and shared success.
of Directors has effectively driven growth while upholding
the Bank’s values and commitments to stakeholders.
Performance Assessment of the
Board of Commissioners’ Committees
In 2024, the performance of the Board of Commissioners’ Wee Ee Cheong
Committees was recognised for its effectiveness, with President Commissioner
each committee serving a crucial role in supporting the PT Bank UOB Indonesia
Board’s oversight responsibilities and providing strategic April 2025
guidance to the Bank’s management. The Board of
Commissioners is supported by four key committees: Audit
Committee, Risk Monitoring Committee, Remuneration
and Nomination Committee, and Integrated Corporate
Governance Committee. These committees provided
valuable inputs to the Board of Commissioners, ensuring
that critical decisions on risk management, corporate
governance, remuneration, and nominations are aligned
with the Bank’s strategic goals.
32 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Board of Directors’ Report
“We enhanced synergies between our
retail and wholesale banking operations,
delivering comprehensive financial
solutions to a diverse customer base. This
approach reinforces our market position.”
Dear Shareholders,
operations, delivering comprehensive financial solutions
On behalf of the Board of Directors, I am pleased to to a diverse customer base. This approach reinforced
present the Annual Report of PT Bank UOB Indonesia our market position.
(UOB Indonesia) for the financial year ended 31
December 2024, along our Sustainability Report. This A key component of our strategy was prioritising sectors
year’s report highlights our steadfast commitment to with significant growth potential while expanding our
navigating market dynamics while fostering sustainable presence in global markets. This focus allowed us to
growth and operational excellence. optimise opportunities, particularly in trade finance
and investment flows, ensuring the Bank remained
competitive amid shifting market dynamics.
2024 Economic and Market Overview
The global and domestic economic landscapes in We also made significant strides in enhancing our
2024 presented significant challenges. Weakening operational capabilities to deliver a seamless banking
global demand led to reduced commodity prices and experience. This included refining our business
export revenues for Indonesia. Domestic consumption transformation initiatives, focusing on increasing
trends faced pressures, with the savings-to-income efficiency and aligning our operations with sustainability
ratio declining, indicating that households increasingly goals. By doing so, we addressed immediate market
relied on their savings to maintain spending levels. needs while laying the groundwork for future growth.
Additionally, the interest rate remained at 6 per cent,
while the IDR weakened against the USD amid rising US
Treasury yields, dampening the appeal of local asset Financial Performance and
allocations. These conditions required a calibrated and Profitability Goals
strategic approach to sustain growth amid external and In 2024, Indonesia’s GDP grew by 5.0 per cent. The
internal headwinds. country held national elections that resulted in a
smooth transition to a new government. UOB Indonesia
UOB Indonesia responded by capitalising on the remained focused on strengthening its financial
momentum from the post-merger integration of our position, expanding customer relationships, and
consumer banking portfolio. We enhanced synergies supporting Indonesia’s economic progress along with
between our consumer and wholesale banking the government priorities.
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 33
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Management Report
UOB Indonesia continued to strengthen its presence in priorities align with the government’s key priorities,
the financial sector with healthy growth in customers, further strengthening our commitment to Indonesia’s
loans, and deposits. economic development.
The successful acquisition of Citigroup’s consumer In 2024, UOB Indonesia hosted the UOB Economic
business in Indonesia reinforced UOB Indonesia’s Outlook event under the theme “Ushering a New Dawn
franchise by enhancing its retail banking capabilities for a Remarkable Indonesia”. This event underscored
and customer engagement. The bank achieved a net the Bank’s commitment to contributing to Indonesia’s
profit of IDR406 billion and a Return on Equity (ROE) economic development while sharing insights into 2025’s
of 2.6 per cent. Loan growth reached 19.5 per cent at economic prospects and government policy priorities.
IDR100 trillion, exceeding the industry average, while the
CASA ratio improved to 57.5 per cent, strengthening the The acquisition of Citigroup’s consumer business in
bank’s deposit base. Asset quality remained stable with Indonesia accelerated operational efficiencies and
Non-Performing Loan (NPL) ratio at 2.05 per cent. improved customer experience. The Bank also leveraged
its Enterprise Data Architecture Governance framework
Net Interest Income (NII) increased by 9.7 per cent as a to enhance data-driven decision-making. The Bank
result of loan expansion. However, the Cost-to-Income also maximised cross-selling opportunities and cultural
Ratio increased to 80.3 per cent due to integration- integration, reinforcing our position as a leading
related expenses. financial institution.
Despite these challenges, UOB Indonesia remains Innovation and Digital
focused on maintaining cost discipline, sound credit
risk management, optimising processes, and improving Transformation
efficiency to enhance profitability. Key strategic Digital transformation remains a central pillar of
initiatives include capitalising on trade flows, enhancing our strategy. In 2024, we accelerated investments
the quality of loan bookings, and ensuring our product in advanced technologies, including AI and data
offerings align with the evolving customer needs. analytics, to enhance customer experience and improve
Our focus on high-quality loan portfolios and cash operational efficiency.
management will strengthen our long-term position.
Our retail banking customers benefited from
In addition, the Bank’s fundamentals remain strong with enhancements to the TMRW app, including the launch
stable asset quality, strong capital and liquidity position. of the Wealth Single Portfolio View and CashPlus Digital.
The Loan-to-Deposit Ratio (LDR) improved to 85.9 per These innovations provide greater transparency and
cent, reflecting effective liquidity management. The convenience, empowering customers to manage their
Bank also maintained a strong capital adequacy ratio, finances with ease. Moreover, enhancements to the
ensuring resilience in a dynamic economic environment. Rewards+ proposition for credit cardholders continued,
allowing customers to redeem points based on their
preferences and access a comprehensive view of
Strategic Priorities and Key Initiatives marketing deals across all UOB locations.
for 2024
UOB Indonesia’s growth strategy in 2024 was anchored For wholesale customers, we introduced advanced
on three strategic pillars: Connectivity, Personalisation features in the Infinity app and Trade systems. These
and Sustainability. We have implemented initiatives to features enable seamless integration of supply chain
enhance our capabilities and effectively meet customer and cash management solutions, deepening customer
needs. These pillars form the foundation for our growth, engagement and solidifying UOB Indonesia as their
ensuring we remain responsive to market demands preferred banking partner.
while advancing our long-term objectives. Our strategic
34 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
Page 37
Our technology investments have also enhanced In 2024, the Bank further strengthened its governance
employee productivity, streamlined processes and framework by incorporating emerging risks, including
reduced manual work. As we continue to innovate, we cybersecurity, fraud prevention and data protection,
will prioritise the development of customer-facing digital into its risk management policies. By embedding these
tools and transform our branch network into financial priorities into our operational processes, we ensure the
consulting hubs. Bank’s resilience and readiness to address potential
challenges.
Human Resources and Cultural
Excellence Changes in the Composition of the
Recognising that employees are our greatest asset, Board of Directors
we prioritised building a culture of excellence. Through In 2024, there has been a change in members of the
targeted training programmes and a strong commitment Board of Directors, i.e., the resignation of Mr Choi Yau
to diversity, equity and inclusion, we empowered our Chi as Director effective on 30 June 2024 and the
workforce to deliver exceptional value to customers and appointment of Ms Cristina Teh Tan (Bea) as Director
stakeholders. effective as of 22 May 2024. As of 31 December 2024,
the members of UOB Indonesia’s Board of Directors are
Our People Engagement and HR Initiatives focus on as follows:
employee development, well-being and engagement.
Key programmes include the Professional Bankers • President Director: Hendra Gunawan
Programme and Future Bankers Programme to develop • Director: Teh Han Yi
talent, the Internship NextGen Programme for young • Director: Paul Rafiuly
professionals, and the Trainers Mileage Programme to • Director: Harapman Kasan
enhance internal coaching. • Director: Sonny Samuel
• Compliance Director: Ardhi Wibowo
The People Engagement programme fosters a positive • Director: Henry Santoso
workplace culture. Events include the Better Together • Director: Cristina Teh Tan
Carnival, International Women’s Day, Mental Health
Awareness Month and World Environment Day, while Performance of Committees under
UOB Appreciation Month recognises contributions.
the Board of Directors
We are committed to reskilling and upskilling our The Board of Directors at UOB Indonesia was effectively
workforce, fostering agility and adaptability in an supported in 2024 by several specialised committees,
increasingly fast-changing world. Through continuous including the Executive Committee, Risk Management
investment in learning and development, we empower Committee (encompassing the Anti-Money Laundering
our people to drive innovation and serve our customers’ and Business Continuity Management Committees),
and stakeholders’ evolving needs. Credit Committee, Asset and Liabilities Committee,
Information Technology Committee, Human Resources
Committee, Credit Policy Committee, and Integrated Risk
Commitment to Governance and Risk Management Committee. These committees collectively
Management ensure that the Bank operated efficiently, ethically and
UOB Indonesia remains steadfast in its commitment to in alignment with its strategic goals.
strengthening anti-money laundering processes and
policies, aligning with the highest standards of regulatory In 2024, these committees played a pivotal role in
compliance. Through our Compliance Function, we have promoting sustainable business growth. By ensuring
maintained a strong focus on enhancing our Risk-Based adherence to governance guidelines and aligning
Bank Rating and ensuring the consistent implementation their activities with the principles of Good Corporate
of Good Corporate Governance principles. These efforts Governance, they established a strong foundation for
underscore our dedication to fostering a culture of the Bank’s operations. This governance-driven approach
integrity and accountability across all levels of the not only mitigates risks but also positions UOB Indonesia
organisation. as a reliable and forward-thinking financial institution.
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Management Report
By upholding the principles of Good Corporate UOB Indonesia remains committed to fostering
Governance and adhering to robust governance connectivity and innovation across ASEAN and Greater
standards, UOB Indonesia remains confident in its China. In 2025, we will enhance our digital platforms,
ability to create long-term value for all stakeholders. The including Infinity for cash management and Voyager
contributions of these committees have been integral to for supply chain financing, to streamline operations
the Bank’s success and will continue to drive its growth and support trade loans in Indonesia’s commodity
in the years ahead. export sector. For retail customers, TMRW will evolve
with smarter, more personalised insights and enhanced
Sustainability and ESG Initiatives Rewards+ options, ensuring convenience and efficiency.
We support our customers in their sustainability journeys
by providing sector-specific solutions and collaborating We focus on our vision which is to build the future of
with ecosystem partners to build a more sustainable ASEAN and we aim to strengthen our regional networks
future. Our net zero commitment targets emissions to simplify cross-border transactions, enable trade flows
reduction in power, automotive, real estate, construction, and investments. Leveraging advanced data analytics
and steel – key sectors in our portfolio. and AI, we will deliver tailored financial solutions that
enhance customer experiences and drive relevance.
We take a long-term perspective towards supporting our Additionally, we will promote ESG principles by financing
customers and the community in a sustainable manner. green projects, advocating for sustainable business
In 2024, we continously supporting local sustainability practices and empowering communities through
development. We extended a IDR500 billion revolving financial literacy and inclusion programmes, creating
credit facility agreement to PT Permodalan Nasional long-term value for all stakeholders.
Madani (PNM) through the Membina Ekonomi Keluarga
Sejahtera (Mekaar) programme to assist in providing By integrating these pillars, UOB Indonesia aspires to
financing to underprivileged women operating ulta- deepen customer relationships, set new standards of
micro businesses. Through this facility, we reinforced banking excellence, and strengthen its position as a
our commitment to support the welfare of ultra-micro trusted financial partner in the region.
segments, empowering women micropreneurs across
Indonesia and contribute to sustainable economic Giving Back to the Community
growth. At UOB, we are committed to empowering the
communities where we operate. We actively support
2025 Outlook and Strategies social development, focusing on children, education and
Indonesia’s economy is set for recovery and steady art.
growth in 2025, driven by improved global economic
conditions and a rebound in domestic consumption and Our flagship UOB Painting of the Year (POY) competition
investment. UOB Indonesia anticipates strong momentum continues to nurture artistic talent across Indonesia,
in key sectors such as agriculture, mining, manufacturing providing a platform for artists to express their creativity.
and infrastructure, supported by government initiatives In the past year, we organised a series of exhibitions
to enhance economic resilience and attract foreign to showcase the winners of UOB POY Indonesia and
investment. With the Rupiah expected to stabilise and collaborated with Art Jakarta to promote visual arts
inflation under control, we see a favourable environment education, digital literacy and environmental awareness.
for advancing our strategic objectives and contributing Through initiatives such as “Play by UOB”, we introduced
to Indonesia’s economic progress. an interactive art space for children, encouraging
creativity from an early age.
36 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
Page 39
We also hosted the UOB Heartbeat Run/Walk, where
more than 3,000 colleagues participated. Together, we
raised more than IDR 350 million to support foundations
dedicated to special needs education and children with
hearing impairments.
These initiatives reflect our ongoing dedication to
making a meaningful impact in the communities we
serve.
Appreciation
On behalf of the Board of Directors, I extend our heartfelt
gratitude to the Board of Commissioners for their
guidance, our shareholders and customers for their trust,
and to our employees for their unwavering dedication.
We remain committed to steering UOB Indonesia toward
a future of sustainable growth and excellence.
Hendra Gunawan
President Director
PT Bank UOB Indonesia
April 2025
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 37
Page 40
Management Report
Board of Directors of UOB Indonesia
Left to right: Harapman Kasan, Teh Han Yi, Hendra Gunawan, Ardhi Wibowo
38 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
Page 41
Left to right: Henry Santoso, Teh
PaulHan
Rafiuly,
Yi, Choi
Cristina
Yau Teh
Chi (Henry
Tan, Sonny
Choi),
Samuel
Sonny Samuel
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 39
Page 42
Company Profile
42 Corporate Identity
44 UOB Indonesia in Brief
46 Milestones
48 Vision, Mission, Sustainability Objective
and Values
50 Business Activities
54 Organisational Structure
56 Profile of the Board of Commissioners
59 Information on Changes to the Members
of the Board of Commissioners
60 Profile of the Board of Directors
64 Information on Changes to The
Members of The Board of Directors
64 Employee Demography
65 United Overseas Bank Limited as a
Controlling Shareholder
66 Where We Operate
67 Five-Year Financial Summary of United
Overseas Bank Limited
70 Company Group Structure
71 Share Listing Chronology
71 Bond Listing Chronology
72 Supporting Institutions and/or
Professions
72 Public Accountant and Public
Accounting Firm
72 Information on The Company Website
73 Awards and Certifications
74 Operational Area and Market Served
40 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
Page 43
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 41
Page 44
Company Profile
Corporate Identity
[GRI 2-1] [GRI 2-28] [C.2] [C.3] [C.5]
Company Name
PT Bank UOB Indonesia
Commercial Name
UOB Indonesia (UOBI)
Line of Business
Banking Industry
Entity Status
Limited Liability Company
Date of Establishment
24 October 1956
Date of Operations
1 November 1956
Legal Basis of Establishment
• Deed of Company Establishment No. 150 drawn
up by Eliza Pondaag S.H., Notary in Jakarta,
dated 31 August 1956
• Decree of Minister of Justice of the Republic of
Indonesia (currently Minister of Law and Human
Rights) No. J.A.5/78/4 dated 24 October 1956
• State Gazette No. 96 dated 30 November 1956
• Supplement to State Gazette No. 1234/1956
Share Ownership
• UOB International Investment Private Limited,
Singapore (68.943%)
• United Overseas Bank Limited, Singapore
(30.056%)
• Yayasan Kesejahteraan Nusantara (1.000%)
• Others (0.001%)
Authorized Capital
IDR9,000,000,000,000, comprising of 36,000,000,000
shares with nominal value of IDR250 per share
Issued and Fully Paid Capital
12,227,591,633 shares or equivalent to
IDR3,056,897,908,250
42 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
Page 45
Business Scale
Number of Offices Operating Income in 2024
1 Head Office IDR608 billion
4 Regional Offices
42 Branch Offices Net Interest Income in 2024
73 Sub-Branch Offices IDR5,844 billion
3 Functional Offices
Total Assets in 2024
IDR156,142 billion
ATM Network
131 ATMs Total Liabilities in 2024
IDR138,316 billion
Total Equity in 2024
Operational Area IDR17,826 billion
43 cities in 16 provinces in Indonesia
Number of Products and
Services Provided
Head Office Address • 5 (five) main products, comprising
UOB Plaza Jl. M.H.Thamrin No. 10 Lending Products, Funding
DKI Jakarta 10230, Indonesia Products, Investment Products,
Bancassurance Products, and
Treasury Products
Telephone Number
• 21 (twenty one) types of banking
+62 21 2350 6000 (hunting)
services
Facsimile Number
+62 21 2993 6632
Call Centre Number of Employees
as of 31 December 2024
14008
4,002 employees
Email
uobcare@uob.co.id
Website Association Membership
www.uob.co.id • Association of National Banks
(PERBANAS)
Social Media
• Indonesian Association of
Facebook:
International Banks (PERBINA)
UOB Indonesia, TMRW Indonesia
• Indonesian Payment System
Instagram:
Association (ASPI)
uob.id, uobcards.id,
• Banking Compliance Director
TMRWIndonesia
Communication Forum
YouTube:
(FKDKP)
UOB Indonesia, TMRW Indonesia
• Indonesian Credit Card
Association (AKKI)
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 43
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Company Profile
UOB Indonesia in Brief
UOB Indonesia was founded on 31 August 1956
under the name PT Bank Buana Indonesia. In
May 2011, the Bank changed its name to PT Bank
UOB Indonesia.
UOB Indonesia’s service network consisted of 42
branch offices, 73 sub-branch offices, and 131
ATMs across 43 cities in 16 provinces in Indonesia.
UOB Indonesia’s banking services are accessible
through its regional ATM network, the ATM Prima
and Bersama networks and the Visa network.
44 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
Page 47
History of UOB Indonesia’s Name
1956 PT Bank Buana Indonesia
2007 PT Bank UOB Buana Tbk
2011 PT Bank UOB Indonesia
UOB Indonesia is rated AAA(idn)
by the Fitch Ratings Indonesia, an
With its extensive network of
services, information technology
Company Logo
independent rating agency. UOB systems, sound capital structure and
Indonesia also won the Platinum highly qualified staff, UOB Indonesia
Award for Exceptional Financial aims to create sustainable long-
Performance from Infobank term value for its stakeholders.
Magazine for 10 consecutive years. UOB Indonesia’s focus remains on
transforming UOB Indonesia into a
UOB Indonesia is well known for significant bank through disciplined UOB’s logo comprises the iconic
its focus on small and medium growth and stability. red five-bar logo mark and the
enterprises, and strong retail abbreviated name “UOB” in a
customer base. The Bank has built modern and simple logo type.
a consumer as well as corporate Derived from the traditional Chinese
banking business which offer ‘five-bar gate’ system of counting
treasury and cash management in fives, the logo mark symbolises
products and services. security and unity. The simplicity of
the logo type reflects the Bank’s
focus and clarity.
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 45
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Company Profile
Milestones
1950s - 1990s 2000s 2010s – 2020s
2003
The entry of International Finance
Corporation (IFC) as the first
overseas shareholder through the
1956 Right Issue II. 2010
Established under the name The former PT Bank UOB Indonesia
PT Bank Buana Indonesia, the 2004 merged with
Bank commenced its commercial • UOB International Investment PT Bank UOB Buana Tbk.
operations. Private Limited (UOBII) became
the second largest shareholder 2011
1972 after Changed its name to
Acquisition of PT Bank Pembinaan PT Sari Desa Karsa. PT Bank UOB Indonesia.
Nasional, Bandung. • Issuance of Subordinated Bonds
I. 2012
1974 The Bank, together with the UOB
Acquisition of PT Bank 2005 Group, introduced a new regional-
Kesejahteraan Masyarakat, • IFC divested its entire wide uniform for front-liners conveying
shareholding in the Bank. an impression of professionalism,
Semarang.
• UOBII became the majority confidence, and outlook for the UOB
Group.
1975 shareholder with 61.11 per cent
Acquisition of PT Bank Aman shareholding.
2013
Makmur, Jakarta.
Implementation of Core Banking
2007
Standardisation project, covering
1976 • Changed its name from PT
infrastructure systems development to
Obtained a license as a Foreign Bank Buana Indonesia Tbk to
improve services.
Exchange Bank. PT Bank UOB Buana Tbk.
• United Overseas Bank Limited
2016
1998 (UOB), through UOBII, became
• Issuance of Shelf Registration
Ranked as an “A” category bank the majority shareholder of the Senior Bonds I and Subordinated
by Bank Indonesia. Bank. Bonds I Bank UOB Indonesia
Phase I Year 2016.
2008 • Launch of Business Internet
• The Extraordinary General Banking (BIB) and Personal
Meeting of Shareholders
2000s Internet Banking (PIB) service
approved the change of status platforms was launched
to a privately-held entity. to improve the Bank’s
• The UOB share ownership rose competitiveness and customer
to 98.997 per cent following a service quality.
tender offer for the publicly-held
shares. 2020
• Delisting of the Bank’s shares • Launch of TMRW, the first
from the Indonesia Stock digital bank for ASEAN’s digital
Exchange. generation.
2000 • Right Issue of 1,632,759,084 shares
Initial Public Offering and 2009 with nominal value of IDR250
share listing at the Jakarta Call option for the debt principal per share offered at IDR1,225 per
Stock Exchange and the of Subordinated Bonds I. share.
Surabaya Stock Exchange.
2021
Held Economic Outlook 2022
attended virtually by President of the
Republic of Indonesia.
46 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
Page 49
2010s – 2020s 2010s – 2020s 2024
2022 2023 • UOB Indonesia and Garuda
• The signing of an Asset and • Launch of UOB Infinity, a digital Indonesia launch co-branded card,
Liability Transfer Agreement platform which allows businesses which offers exclusive privileges
with Citibank, N.A, the Indonesia to manage their banking needs and benefits to cardholders under
branch. in a simpler, smarter and more the slogan “From Shops to Skies”
• Launch of TMRW Pay, an personalised manner. to meet the growing needs of
e-commerce loan that enables • UOB Indonesia, Visa, and travelers.
consumers to manage their Volopay launch corporate • UOB Indonesia refreshes UOB
budgeting needs conveniently. credit card solution to help Lady’s Card, championing
• Launch of U-Energy, Asia’s first businesses with efficient expense the progress and success of
integrated financing platform to management. women everywhere with tagline
drive energy efficiency. • Launch of UOB FinLab, UOB’s ‘Unstoppable Together’.
• UOB has partnered with PT flagship innovation accelerator to • UOB Indonesia launches UOB
Chandra Asri Petrochemical, help local businesses grow and Zenith Card, personalised to fulfill
Tbk (Chandra Asri) to launch the transform digitally. In Indonesia the needs and preferences of high
bank’s first-ever Sustainability- kick-started its inaugural net work individuals, particularly in
Linked Trade financing facility in digitalisation programme entitled travel and tourism aspects.
Indonesia. UKM SUKSES (Sistem Usaha • UOB Indonesia and Telkomsel
• UOB Indonesia announced its Kreatif dan Solusi Ekonomi launch co-branded credit card
collaboration with PT Sompo Sejahtera). UOB Telkomsel, embodying the
Insurance Indonesia (Sompo • UOB Indonesia launches essence of ‘Lifestyle Connected’
Insurance) to offer SME Digital new financial supply chain for customers to enjoy a more
Insurance, a comprehensive management capabilities in connected digital lifestyle
insurance protection for UOB Infinity to enable clients with seamless and rewarding
Indonesia’s small- and medium- digitalise their supply chain experiences.
sized enterprises (SMEs). financing. FSCM capabilities will • UOB Indonesia held UOB
• UOB Indonesia has partnered enable clients to connect buyers, Economic Outlook 2025 with the
PT Prudential Life Assurance suppliers, and distributors within theme “Ushering a New Dawn for
(Prudential Indonesia) to their supply chain ecosystem in Remarkable Indonesia”. The event
launch PRUTect Care, a Sharia- Indonesia, across ASEAN and addressed insights and strategies
compliant life insurance product, Greater China. to strengthening the Indonesia
on TMRW platform. • UOB Indonesia held the first UOB economy, attracting foreign
• UOB Indonesia held UOB Gateway to ASEAN Conference investment, and achieving long-
Economic Outlook 2023 with 2023, the first event outside term sustainable growth for the
the theme “Emerging Stronger Singapore. The event gathered country.
in Unity and Sustainably”. Mr business leaders, clients, and • UOB held the role of Joint
Joko Widodo, President of the partners from Indonesia, ASEAN Coordinator to provide the largest
Republic of Indonesia, opened and Greater China, along with syndication loan in Indonesia
the event with special remarks. government officials. in 2024 worth US$1.5 billion for
Followed by Ms Sri Mulyani, • UOB completes acquisition MIND ID. The transaction supports
Minister of Finance of the and integration of Citigroup’s Indonesian government strategy
Republic of Indonesia, delivered a consumer banking business in to encourage national mining
keynote speech. Indonesia. Entire acquisition industry.
• UOB announced its commitments successfully completed in all • UOB Indonesia launch Savings
to reach net zero by 2050. This four ASEAN markets – Indonesia, Weeks programme to cultivate
underlines its goal to support Malaysia, Thailand, and Vietnam. a proactive saving culture and
a just transition that advances • Right Issue of 1,040,946,745 encourage financial security for
sustainable socioeconomic shares with nominal value of customers.
development in tandem with IDR250 per share offered at • UOB Indonesia refresh the
decarbonisation in Southeast IDR1,441 per share. UOB PRIVIMiles Card, offering
Asia. accelerated miles earning for
popular ASEAN destinations.
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 47
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Company Profile
Vision, Mission, Sustainability Objective and Values
[GRI 2-23] [C.1]
UOB Indonesia has set its vision, mission, sustainability objectives & values as follows:
Vision Mission Sustainability
Objective
To be a significant bank To create sustainable We believe that as a part of
in Indonesia, a key part of economic value for all our Indonesia’s financial services
the UOB Group, valued by stakeholders through a industry, we have a duty to
our customers, colleagues, team of loyal, dedicated contribute to and to ensure the
shareholders, and regulators and professional bankers, nation’s long-term economic,
and admired by the public, as committed to meeting social and environmental well-
a trusted long-term banking and exceeding the needs being. We also recognise that
institution. and expectations of our good corporate governance
stakeholders; with the is essential for embedding
highest quality products sustainable business practices
and services for our desired across the Bank.
customer segments in retail
and wholesale banking,
and superior financial and
prudential outcomes for our
colleagues, shareholders, and
regulators.
48 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
Page 51
Our Values
Honourable Enterprising United Committed
We act prudently to We were built with We work as a team We are committed
fuel our customer’s an enterprising to achieve individual to build a better
success, maintaining spirit, demonstrated and corporate goals tomorrow. We are
the highest through thought with cooperation, accountable for
professional and leadership, keen mutual respect and ensuring that UOB is
moral standards. insight and a loyalty. a trusted source of
We do what is right forward-looking stability, security and
for you through mindset. strength.
discipline, clarity, and
courage.
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 49
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Company Profile
Business Activities
[GRI 2-6] [C.4]
Business Activities f. placing funds in, borrowing o. carry out temporary capital
funds from, or lending funds investment activities to
According to the to other banks, either by using overcome the consequence
Articles of Association letters, telecommunication of credit failure, including the
Pursuant to Article 3 of the Bank’s facilities or by money orders, financing failure under the
Articles of Association, the Bank’s checks or other means; Sharia Principles provided
purpose and objectives are to g. receive payments from bills that such participation must
conduct business activities in the on securities and carry out be withdrawn in due time, in
following fields: calculations with or between accordance with the prevailing
third parties; laws and regulations and in
a. collect funds from the public h. provide a place to store compliance with the provision
in the form of deposit such as valuables and securities; stipulated by the Bank Indonesia
current account, time deposit, i. carry out custody activities for and Financial Services Authority;
certificate of deposit, savings, the benefit of other parties p. act as the founder of the
and/or other equivalent forms; based on a contract; Pension Fund and the Pension
b. provide credit; j. carry out placement of funds Fund Manager in accordance
c. issue a Debt Acknowledgement from customers to other with the prevailing laws and
Letter; customers in the form of regulations;
d. buy, sell or warrant at their own securities that are not listed on q. carry out other businesses
risk or for the benefit of and on the stock exchange; that are generally performed
the orders of the customers for k. provide financing and/or carry by a Commercial Bank, both
the following items: out other activities based on conventionally and based
1. bills of exchange, including sharia principles, in accordance on Sharia Principles within or
money orders accepted by with the provisions stipulated outside the country.
bank whose validity period by Bank Indonesia, the Financial
is not longer than the Services Authority, and the
general practice in trading National Sharia Council; Actual Business
of the bills of exchange; l. carry out factoring activities,
2. debt acknowledgment credit card business and Trustee Activities
letters and other trading activities; As of 31 December 2024, UOB
papers whose validity m. carry out activities in Foreign Indonesia conducted the business
period is not longer than Exchange, in compliance with activities as mentioned above.
the general practice the provisions stipulated by
in trading of the debt Bank Indonesia and Financial Globally, UOB has 3 (three) core
acknowledgment; Services Authority; business segments comprising
3. State treasury papers n. carry out capital investment of retail, wholesale banking, and
and Government letter of activities in banks or other global markets. In Indonesia, UOB
guarantee; companies in the field of finance, Indonesia’s banking activities are
4. Bank Indonesia Certificates such as capital lease, venture segmented into commercial banking,
(SBI); capital, securities company, corporate banking, personal
5. bonds; insurance, clearing and financial services, business banking,
6. Trade Certificates; and underwriting institutions, as well and financial institution.
7. other securities instruments. as depository and settlement
e. transfer money for their own agencies, in accordance
interest and for the benefit of with the prevailing laws and
customers; regulations and in compliance
with the provisions stipulated
by the Bank Indonesia and
Financial Services Authority;
50 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
Page 53
Products and Services
Following tables contain a wide variety of the Bank’s products and services:
1. Investment and Bancassurance • PRUIncome Guard
Products • PRUIncome Protection
• Credit Protection Regular
a. Investment Products
• Credit Protection Maximum
• Mutual Fund Selling Agent • PRULife Extra Return
• Secondary Government Bonds • PRUGuard
• Structured Products (Premium Forward • PRUTech Care
Deposit (PFD), Principal Guaranteed
Deposit (PGD) Premium Growth, and UOB • PRUProteksi Griya
MaxiYield) • Credit Life Insurance - Sequis
• Foreign Exchange (FX) Transactions • AvaGriya Proteksiku - Astra
• Primary Retail Bonds (E-SBN) • Mortgage Redemption Insurance MSIG
• Corporate Bonds • Credit Life Insurance - MNC
b. Bancassurance Products • Fire Insurance from general insurance
companies, such as ABDA, ABI, Zurich,
UOB Indonesia teams up with insurance
ACA, dan ASWATA
companies to provide financial solution
for customers by offering life and health • Prudential Employee Benefit
insurance products with single or periodic • PRUCorporate Personal Accident
premium payments.
• PRUCinta
• Smart Level Term
2. Lending Products
• PRU Life Extra Return
• Usave PRUStar a. Lending Products
• PRULevel Term
• Business Property Loan
• PRUcorporate Life
• Business Solution Loan
• PRUcorporate Medical
• Business Express Loan
• Credit Protection Regular
• Overdraft Loan (Rupiah)
• Credit Protection Max
• Revolving Credit Facility
• PRU Accident Guard Plus
• Fixed Loan
• PRUHospital Advantage
• Fixed Asset Investment Loan
• PRUHospital Protection Optima
• Business Vehicle Financing
• PRULife Harvest Plan
• Construction Investment Loan
• PRUWealth Prime Account
• Heavy Equipment Financing
• PRUInvestor Ultima Account
• Property Business Financing
• PRUCritical Benefit 88
• Installment Loan (Rupiah and FX)
• PRUAnugerah Syariah
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 51
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Company Profile
• Import-Export Credit
3. Funding Products
• UOB CashPlus
• Letter of Credit (LC)
a. Saving Account
• Shipping Guarantee
• Bank Guarantee – Standby Letter of Credit • Privilege Account
• Import Invoice Financing • One Account
• Export Invoice Financing • Stash Account
• Trust Receipt • Lady’s Account
• Pre Shipment Financing • UOB Gold Saving Account
• Early Payment Discount • Rekening Valas Produktif
• Credit Bills Purchased • U-Save
• Bill of Exchange Purchase • U-Plan
• Distributor/Dealer Financing • Tabungan Biz88
• Supplier Financing • U-BIZ88
• Account Receivable Purchase • Tabunganku
• Secured Back to Back • Simpanan Pelajar
• Home Loan • TMRW Everyday Account
• TMRW Savings Account
b. Cards and Payments Products • Tabungan Non Interest
• UOB PRIVIMiles Card (Mastercard & Visa)
b. Current Account
• UOB Zenith Card (Mastercard & Visa)
• Garuda Indonesia UOB Card (Mastercard & • Giro Rupiah
Visa) • Giro Valas
• UOB Preferred Card (Mastercard &Visa) • Giro 88
• UOB Lady’s Card (Mastercard) • U-Biz88
• UOB ONE Card (Mastercard & Visa) • Giro Threshold
• UOB YOLO Card (Mastercard &Visa) • Giro Non Interest
• UOB Telkomsel Card (Visa)
c. Deposit
• Lady’s Credit Card (Mastercard)
• ONE Card (Mastercard & Visa) • Deposito Rupiah
• TMRW Card (MasterCard) • Deposito Valas
• UOB Debit Card • TMRW Power Saver
• TMRW Debit Card
• Commercial Card (Mastercard & Visa)
52 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
Page 55
4. Treasury Products 5. Services
• Safe Deposit Box
a. Foreign Exchange (FX) Products
• Wesel and Inkaso Facility (FX)
Value Today, Value Tomorrow and Value Spot, • Bills Collection Facility (FX)
Forward, Swap, Par Forward, Domestic Non-
• Bank Draft (FX)
Deliverable Forward (DNDF)
• Inward and Outward Transfer (Rupiah and
Foreign Currency)
b. Derivative Products • Inward and Outward Collection
• Transfer LC
Interest Rate Swap (IRS), Cross Currency Swap
(CCS), Plain Vanilla FX Options, Interest Rate • Documentary Collections
Caps and Floors • Clearing
• UOB Bill Pay: PLN, Telkom, Telkomsel, Indosat,
XL and Indovision
c. Money Market (MM) Products
• Bills Payment Autodebit
Placement, Borrowing • 24 Hours Call Centre (14008)
• Cash Pick-up and delivery
d. Structured Products • Liquidity Management Solution (Domestic &
Global LMS)
Premium Forward Deposit (PFD), Principal
• UOB Virtual Account
Guaranteed Deposit (PGD) Premium Growth,
UOB MaxiYield, and Call Spread Option (CSO) • Tax Payment/State Acceptance
• Domestic payment (SKN/LLG, RTGS, transfer
online/RTOL, BI-FAST)
e. Securities instruments • Remittance (Telegraphic Transfer)
Indonesian Government Bonds/Retail Bonds • Business E-Channels:
(Primary Market and Secondary Market -- UOB Infinity (new business internet
Transactions), Indonesian Corporate Bonds, banking web including Trade and FSCM
Repo and Reverse Repo and mobile platform)
-- H2H File Transfer (FTS/RFTS)
-- Application Programming Interface (API)
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 53
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Company Profile
Organisational Structure
As of 31 December 2024
BOARD OF DIRECTORS
• Executive Committee
Audit Committee
• Risk Management Committee:
- Anti Money Laundering Committee
- Business Continuity Management
Committee Risk Monitoring
- Operational Risk Management Committee
Committee
• Credit Committee
• Asset and Liability Committee Remuneration and
• Information Technology Committee Nomination
• Human Resources Committee Committee
• Credit Policy Committee
• Integrated Risk Management Committee Integrated Corporate
Governance
Committee
Consumer Banking Technology
Wholesale Global Markets
Director Banking Director Director & Operations
Sonny Samuel Director
Cristina Teh Tan Harapman Kasan Paul Rafiuly
Financial
Channels & Regional Transaction WB, Markets and Retail-Banking
Corporate Institution Group
Digitalisation 1. Regional Commercial Business Banking Banking Enterprise T&O and Channel T&O
Banking & Structured
Edisono Limin Ritaria T Banking Dewi Tuegeh W Kartyono Indra Gunawan Monique Sagita
Edwin Kadir Finance
2. Regional 2 Fenny N
Jenny Lesmana
Suryati B
3. Regional 3
Grace Industry Group Business Banking Cash Wholesale Shared
Sales & CE & People Client Coverage Regional CMB Contact Center
Corporate Banking Sales Lending Management Rates&GovSec, Banking & Global
Distribution Transformation 4. Regional 4 Juniko Syukri Rauuf 1. Sumatera Paula Infrastructure
1. Resources & Vacant Sales STIRM,Credit Markets Ops
Neneng D Irfandhi Mei Sumiati Djais Limada Services
Property Defi & SCRT Ali Budiman
2. Kalimantan Yusar
Susanto L Anton
Alex
2. F&B, 3. West Java
Network Strategy & Agribusiness, Business Banking Credit Business
Deposit & Wealth Business Henry Kartono Portfolio Retail
Performance FMCG Sales Funding Trade Sales Administration & Technology
Management Management & Liquidity Operations
Management Lim Caroline Vivi Thendean Daniel Prabawa Control Services
Vera Margaret Vacant Management Joannes Suharno
Anton Januar 3. Diversified, SOE, Alexander Husin Jieni
Suhendar
GSG & SC 1
Commercial Banking
Nidya Anindita Product
Wealth Advisory, East Java & Bali Wholesale, Retail Reconciliation T&O Risk
Digital 4. Diversified, Management Trade Product &
Business Credit Analyst Antony Charles U Foreign Exchange Enterprise, GM & Investigation Governance and
Engagement & SOE, GSG & SC 2 Eko Sigit C Marketing
Performance FinTech Innovation Natasha S Christyanto Trading Business T&O Center Assurance
Widjaja Nimas Mahati D Handi Mulia
&Training Novianty Widjaya Welly Soewandono Sri Ganda Ngoei Laura M. W
Emillya Soesanto
Industry Group
Jakarta Portfolio T&O Special
Retail Business
Branch Operation Structured Joseph D Management Corporate Project &
Secured Research & Credit Cash Product T&O
Management Finance Vacant Banking Treasury Procurement
Product & Analyst Grace Manuela Gideon Marthin
Wahyudi S. W Muh Imam S Sales Roberto Sutedja
Sales Falemri Rumintang Hutahaean
Hendro Patrick
Inge Kartikasari W Enterprise Banking Wisely
Jakarta 1 & Regional
Central Java Risk Monitoring Cash Product Co. Information
Channels Risk & Business Head & Regulatory
Cards & Payment Planning & Denny Susanto Gregorius FI Treasury Sales Security
Assurance Project
Y. Herman Soesetyo Management Hany B.S Mochamad Iqbal Farina Mutia
Elly Sandora R Andiona
Fitriwaty T Nugraha
Boedisoejoto
Enterprise Banking
Jakarta 2 BB Modelling &
Corporate Solution Wholesale Evelyn Yuvania Analytics FSCM Coordinator
TMRW Global Markets
Service Banking Business Vacant & MNC
Glenn Structuring
Marisa Thea Della Management Darjong Tungadi
Natamihardja Steive Yoshika Putra
Ferdy Djojo
Corporate Wealth Customer
Management Experience & Programme
Dedicated FDI Katarina Chitra Digital and Manager GM Commercial,
PFS Marketing
Unit Business Mgt Yohanes Consumer & Business
Arief
Samuel Houten Luciana Maramis Darmawan Banking Sales
Tjakraamidjaja
Sector Solutions Vera Hasan
& Business
Development BB Marketing Global Markets
PFS Business Risk Dedicated FDI Lucy Bramastya Bintang Cesario Business
Francisca S.W. M Unit (China Desk)
Management
Kelvin
Gerry Hasang
Portfolio
Management
& MIS BET
Business Tri Mulyadi Lisbeth Susiarni
Analytics Silaen
Sekar S
Credit Analyst
Johanes Strategic Alliance
Business Risk Hermawan & Digital
& Control Partnership
Management Yuliana
Jessy Catharina S
Product &
Marketing
Customer Franchise Ria Gandasuteja
and
Transformation
Anne Budihardja
54 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
Page 57
GENERAL MEETING OF SHAREHOLDERS
BOARD OF COMMISSIONERS
President Director
Hendra Gunawan
Finance & Compliance,
Corporate Legal & Corp. Risk Management
Services Secretary Director
Director Director Henry Santoso
Teh Han Yi Ardhi Wibowo
Strategic
Commercial & FI Commercial & FI Business Banking Communications Internal Audit
Retail Credit Corporate Credit Human Resources
Credit 1 Credit 2 Credit & Brand Imbang P. S
Rudy Ratnasari K Gevy Q Wulandari
Siswo S FX Yanto Soelaiman R. P Maya Saraswati M
PFS Unsecured HR Services Customer
Finance Legal Credit Risk CEO Office
Credit Delivery Advocacy
Fonita Tatang Irvan Gunardwi Management Tan Fransiska H
Indahdiati Lily Johan Amelia Ragamulu
Yanuar Maulana
Compliance Strategy Market & Balance Strategic
Performance Mgt, PFS Secured Credit Talent &
and Governance Sheet Risk Stakeholders
Wholesale & GM BF & RETSO Development
Josephine Kathrine Management Development
Ajeng Naya Arieany Prasetyo Triagung W
Prisila Pasaribu Ivan Pidyananda Bontor S
Anindita
AML/CFT &
Consumer & Operational Risk Secured Rewards &
Sanctions,Anti Bribery Sustainability
Channels Business Management Collection Acquisition
& Corruption & Anti Jenny H
Finance Brahmantya Vacant Strategy
Tax Evasion
Nuco Yotoho Paramajati Vacant
Febian Satria Nugraha
Regulatory Compliance Unsecured Culture & Special Asset
Central Treasury – Wholesale, Market Organization
Collection Management
Unit & Corporate Function Development
Herry Setiawan Jenny Lukito
Stanly Gunawan Advisory Septine Marida
Thomas Bangun Rifatunisa
Anggriyanto
Credit Policy HRBP (Consumer
Corporate Real Governance &
Estate Services AFC Investigation & Banking and
Control Channels &
Stella Damayanti Intelligence
Efriel Lydia Digitalization)
Henry Kusumajaya
Budiman Endoflint Gedeo
Centralized MIS Purba
Country Data Regulatory and Productivity
Officer Compliance – Management HRBP (Wholesale,
Fajar S Connsumer Advisory Devina Pratama Global Markets,
Imeida Triyanti P Technology &
Radjamin Operations)
Farida Holil
Compliance
Assurance
HRBP (Corporate
Vacant
Function)
Devi Siswojo
Legal Wholesale
Banking Support
Erawati Esther
Litigation
Rio Yudha Ardian
Corporate
Secretary
Susilowati
Data Privacy Risk
& Compliance
Susan K
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 55
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Company Profile
Profile of the Board of Commissioners
WEE EE CHEONG CHIN VOON FAT (FREDERICK CHIN)
President Commissioner Deputy President Commissioner
Age 72 years old Age 64 years old
Citizenship Singaporean Citizenship Singaporean
Domicile Singapore Domicile Singapore
Legal Basis of Appointment Legal Basis of Appointment
• Annual General Meeting of Shareholder (AGM) Resolutions • AGM Resolutions dated 29 April 2019 as Commissioner and
dated 22 June 2007 as Commissioner Deputy President Commissioner
• Extraordinary General Meeting of Shareholders (EGM) • Recent reappointment based on the AGM Resolutions
Resolutions dated 18 January 2011 as Deputy President dated 3 May 2023
Commissioner
• AGM Resolutions dated 29 April 2019 as President Work Experience
Commissioner • Country Executive for Greater China, Thailand, Indonesia
• Recent reappointment based on the AGM Resolutions and Malaysia
dated 3 May 2023 • Executive Asia Pacific Committee Bank of America Merrill
Lynch (2010-2013)
Work Experience • Bank of America Merrill Lynch (1984-2013)
Joined United Overseas Bank Limited (UOBS) in 1979 and has
been a Director of UOBS since 1990 Educational Background
Bachelor Degree in Commerce (Accounting and Econometrics)
Educational Background from University of Melbourne, Australia
Bachelor of Science (Business Administration) and a Master of
Arts (Applied Economics) from American University, Washington, Concurrent Positions
DC, USA Head of Group Wholesale Banking and Markets at UOBS
Concurrent Positions Affiliated Relationship
• Deputy Chairman and Chief Executive Officer at UOBS He has no affiliation with fellow members of the Board of
• Chairman at United Overseas Insurance Commissioners nor with the Board of Directors. However, he has
• Chairman at United Overseas Bank (China) an affiliation with the Controlling Shareholders
• Chairman at United Overseas Bank (Thai)
• Director at United Overseas Bank (Malaysia)
• Council member of the Association of Banks in Singapore
• Council member of the Institute of Banking & Finance
• Member of the Board of Governors of the Singapore-China
Foundation
• Honorary Council Member of the Singapore Chinese
Chamber of Commerce & Industry
Affiliated Relationship
He has no affiliation with fellow members of the Board of
Commissioners nor with the Board of Directors. However, he has
an affiliation with the Controlling Shareholders
56 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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CHAN KOK SEONG WAYAN ALIT ANTARA
Commissioner Independent Commissioner
Age 62 years old Age 76 years old
Citizenship Singaporean Citizenship Indonesian
Domicile Singapore Domicile Jakarta
Legal Basis of Appointment Legal Basis of Appointment
• AGM Resolutions dated 29 April 2019 • AGM Resolutions dated 20 June 2008
• Recent reappointment based on the AGM Resolutions • Recent reappointment based on the AGM Resolutions
dated 3 May 2023 dated 3 May 2023
Work Experience Work Experience
• UOB Malaysia (1998-2012) with his last position as Chief • Commissioner at PT Sumber Abadi Tirtasentosa (2008-2015)
Executive Officer • Independent Commissioner at PT Bhakti Securities (2007-
• Head of Risk Management at Arab-Malaysian Merchant 2008)
Bank (1995-1998) • Deputy President Director at PT Bank Rakyat Indonesia
• Assistant Manager at Central Bank of Malaysia (1986-1995) (Persero) Tbk (1976-2006)
Educational Background Educational Background
Bachelor Degree in Accounting from University of Malaya, Bachelor Degree in Agricultural Economics from the Faculty of
Malaysia Agriculture at Gadjah Mada University, Yogyakarta
Concurrent Positions Concurrent Positions
Group Chief Risk Officer at UOBS Chairman of Integrated Corporate Governance Committee UOB
Indonesia (2015-present)
Affiliated Relationship
He has no affiliation with fellow members of the Board of Statement of Independence
Commissioners nor with the Board of Directors. However, he has He has declared his independence statement on 29 March 2023
an affiliation with the Controlling Shareholders
Affiliated Relationship
He has no affiliation with fellow members of the Board of
Commissioners, members of the Board of Directors, nor with the
Controlling Shareholders
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 57
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Company Profile
VJH BOENTARAN LESMANA JOHANES SUSILO
Independent Commissioner Independent Commissioner
Age 77 years old Age 68 years old
Citizenship Indonesian Citizenship Indonesian
Domicile Jakarta Domicile Jakarta
Legal Basis of Appointment Legal Basis of Appointment
• AGM Resolutions dated 9 May 2018 EGM Resolutions dated 26 October 2023, with an effective term
• Recent reappointment based on the AGM Resolutions of office from 30 January 2024
dated 3 May 2023
Work Experience
Work Experience • President Commissioner at PT Sucorinvest Asset
Having been at the Public Accountant Firm (KAP) Tanudiredja, Management (2013–2024)
Wibisana, Rintis and Rekan (formerly KAP Drs. Hadi Sutanto and • Independent Commissioner at PT Trias Sentosa Tbk (2022–
Partners) PricewaterhouseCoopers Indonesia in 1972 and was 2023; 2003–2017)
promoted as a Partner from 1 July 1990 until his retirement on 1 • Independent Commissioner at PT Colorpak Indonesia Tbk
January 2010 (2013–2023)
• President Director at PT Jayatama Prima Distribusi (2018–
Educational Background 2023)
Bachelor Degree in Economics from the Faculty of Economics, • Commissioner at PT Gulf Mangan Grup (2018–2023)
University of Indonesia, Jakarta • Independent Commissioner at PT Sucor Sekuritas (d/h PT
Sucorinvest Central Gani) (2000–2013)
Concurrent Positions • President Director at PT Asia Kapitalindo Securities Tbk
- (1994–2000)
• President Director at PT Asia Kapitalindo Finance (1994–
Statement of Independence 1999)
He has declared his independence statement on 29 March 2023 • President Director at PT Danamon GT Management (d/h PT
Jakarta Assetama Management) (1990–1994)
Affiliated Relationship • President Director at PT Danamon Securities (1990–1994)
He has no affiliation with fellow members of the Board of • President Commissioner at PT Prima Alloy Steel Universal
Commissioners, members of the Board of Directors, nor with the Tbk (1989–2012)
Controlling Shareholders • Senior Vice President – Corporate Secretary at PT Bank
Danamon Indonesia Tbk (1989–1994)
• Vice President at Chase Manhattan Bank, Jakarta (1986–
1989)
• Assistant Vice President at PT Chase Leasing Indonesia
(1982–1986)
Educational Background
• Bachelor of Accounting from Universitas Advent Indonesia,
Bandung, Indonesia
• Master of Business Administration from Andrews University,
Berrien Spring, Michigan, USA
Concurrent Positions
-
Affiliated Relationship
He has no affiliation with fellow members of the Board of
Commissioners, members of the Board of Directors, nor with the
Controlling Shareholders
58 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
Page 61
Information on Changes
to The Members of The
Board of Commissioners
Mr Johanes Susilo was appointed as Independent
Commissioner based on the resulution of the
Extraordinary General Meeting of Shareholders
dated 26 October 2023 with effect from 30
January 2024.
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 59
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Company Profile
Profile of the Board of Directors
HENDRA GUNAWAN TEH HAN YI
President Director Finance and Corporate Services Director
Age 54 years old Age 54 years old
Citizenship Indonesian Citizenship Singaporean
Domicile Jakarta Domicile Jakarta
Legal Basis of Appointment Legal Basis of Appointment
• AGM Resolutions dated 28 April 2019 as Deputy President • EGM Resolutions dated 21 June 2019
Director • Recent reappointment based on the AGM Resolutions
• EGM Resolutions dated 21 October 2020 as President dated 28 April 2021
Director
• Recent reappointment based on the AGM Resolutions Work Experience
dated 28 April 2021 • Executive Directors at Group Human Resources at UOB
Singapore (2017-2019)
Work Experience • Chief Financial Officer at UOB China (2012-2017)
• Deputy President Director at UOB Indonesia (2019-2020) • Financial Management Solution Leader at IBM China
• Deputy Chief Executive Officer at UOB Malaysia (2017-2019) (2009-2012)
• Managing Director Centre of Excellence, Head of • Head, Financial Planning & Analysis, AsiaPasific at Citi
Agribusiness and Consumer Goods (2011-2017) Global Wealth Management Asia Pasific (2007-2008)
• PT Bank DBS Indonesia with last position as President • UOB Singapore with last position as Head of Group
Director (2003-2011) Financial Reporting (1999-2007)
• Senior Vice President, Corporate Planning at DBS Bank Pte • Assistance Vice President at Overseas Union Bank Limited
Ltd, Singapore (2003) Singapore (1995-1999)
• Vice President at Deutsche Bank Global Corporate Finance, • Auditor at the Auditor-General’s Office of Singapore (1992-
Singapore (2000-2002) 1995)
• Investment Analyst and Head of Indonesia Investment
Research at Schroders Investment Management Pte Ltd, Educational Background
Singapore (1999-2000) Bachelor Degree of Accounting from Nanyang Technological
• Head of Investment Research at PT Schroders Investment University, Singapore, and is a Certified Public Accountant (CPA)
Management Indonesia (1995-1999)
Concurrent Positions
Educational Background -
• Bachelor Degree in Finance from The Wharton School of
Finance and Commerce of the University of Pennsylvania, Affiliated Relationship
Philadelphia, USA She has no affiliation with fellow members of the Board of
• Bachelor Degree in Electrical Engineering from The Moore Directors and members of the Board of Commissioners, nor with
School of Electrical Engineering, at the University of the Controlling Shareholders
Pennsylvania, Philadelphia, USA
Concurrent Positions
-
Affiliated Relationship
He has no affiliation with fellow members of the Board of
Directors and members of the Board of Commissioners, nor with
the Controlling Shareholders
60 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
Page 63
PAUL RAFIULY HARAPMAN KASAN
Technology and Operations Director Wholesale Banking Director
Age 48 years old Age 56 years old
Citizenship Indonesian Citizenship Indonesian
Domicile Jakarta Domicile Jakarta
Legal Basis of Appointment Legal Basis of Appointment
• EGM Resolutions dated 11 October 2018 • EGM Resolutions dated 21 June 2019
• Recent reappointment based on the AGM Resolutions • Recent reappointment based on the AGM Resolutions
dated 28 April 2021 dated 28 April 2021
Work Experience Work Experience
• Chief Operating Officer at PT Trimegah Securities Tbk, • Citibank, N.A. Indonesia with last position as Managing
Indonesia (2014-2018) Director, Head of Citi Commercial Bank (2015-2018)
• OCBC Bank Singapore with his last position as the Head of • PT Bank Danamon, Tbk and served his last position as EVP
(Enterprise) Technology Architecture (2010-2014) Wholesale Business Head (2010-2015)
• Engagement Manager at McKinsey & Company, Singapore • Citibank, N.A. Indonesia with last position as Head for
(2006-2010) Commercial Bank (2001-2010)
• PT Bank Niaga, Tbk with his last position as Regional
Educational Background Marketing Head (1990-1997)
• Master of Science in Electrical Engineering and Computer
Science, and the Master of Science in Building Technology Educational Background
from the Massachusetts Institute of Technology in • Master of Business Administration from Kennedy-Western
Cambridge, United States University – Lembaga Manajemen Internasional Indonesia
• Bachelor of Architecture and Diploma in Business • Bachelor of Accounting Degree from University of HKBP
Administration from University of Texas in Austin, United Nommensen, Medan
States
• Chartered Financial Analyst (CFA) Concurrent Positions
• Financial Risk Manager (FRM) -
• Information System Security Professional (CISSP)
Affiliated Relationship
Concurrent Positions He has no affiliation with fellow members of the Board of
- Commissioners, members of the Board of Directors, nor with the
Controlling Shareholders
Affiliated Relationship
He has no affiliation with fellow members of the Board of
Directors and members of the Board of Commissioners, nor with
the Controlling Shareholders
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 61
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Company Profile
SONNY SAMUEL ARDHI WIBOWO
Global Markets Director Compliance, Legal, and Corporate Secretary Director
Age 55 years old Age 49 years old
Citizenship Indonesian Citizenship Indonesian
Domicile Jakarta Domicile Jakarta
Legal Basis of Appointment Legal Basis of Appointment
• AGM Resolutions dated 30 April 2020 • AGM Resolutions dated 30 April 2020
• Recent reappointment based on the AGM Resolutions • Recent reappointment based on the AGM Resolutions
dated 28 April 2021 dated 28 April 2021
Work Experience Work Experience
• Director, Head of Global Markets PT Bank ANZ Indonesia • Citibank, N.A. Indonesia with last position as Compliance
(2014-2018) Director (2012-2020)
• Head of Sales and Marketing at PT Standard Chartered • Wholesale, Auto and Subsidiary Audit Head at PT Bank
Bank and Head of Global Marketing at PT Bank CIMB Niaga CIMB Niaga, Tbk (2010-2012)
Tbk (2011-2014) • Audit Internal Manager at The Royal Bank of Scotland and
• Treasury Director at The Royal Bank of Scotland and PT Barclays Indonesia (2006-2009)
Rabobank International Indonesia (2009-2011) • Expense Analyst at Citibank, N.A. Indonesia (2006-2006)
• Associate Director at Barclays Capital Singapore (1997- • Associate Manager at Ernst & Young Indonesia (2002-
1998) 2006)
• Head of Treasury Marketing at Bank of America Corporation • Program Coordinator at PT GE Finance Indonesia (2000-
(1994-1997) 2001)
• Treasury Dealer at Deutsche Bank AG (1990-1994)
Educational Background
Educational Background • Master of Business Administration degree from the
Master of Strategic Management degree from BINUS Business University of Birmingham, England
School, Jakarta. • Bachelor Degree in Economics from the Faculty of Economics,
University of Indonesia, Jakarta
Concurrent Positions
- Concurrent Positions
-
Affiliated Relationship
He has no affiliation with fellow members of the Board of Affiliated Relationship
Directors and members of the Board of Commissioners, nor with He has no affiliation with fellow members of the Board of
the Controlling Shareholders Directors and members of the Board of Commissioners, nor with
the Controlling Shareholders
62 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
Page 65
HENRY SANTOSO CRISTINA TEH TAN (BEA)
Risk Management Director Consumer Banking Director
Age 55 years old Age 53 years old
Citizenship Indonesian Citizenship Philippine
Domicile Jakarta Domicile Jakarta
Legal Basis of Appointment Legal Basis of Appointment
EGM Resolutions dated 29 November 2022 • AGM Resolutions dated 30 April 2024
Work Experience Work Experience
• Regional Credit Officer, Priority Countries ASP WPB Risk at • Head of Consumer Banking at UOB Indonesia (2023-2024)
HSBC, Hong Kong (2018-2022) • Head of Consumer Banking at Citibank N.A. Indonesia
• Commissioner at PT Astra Sedaya Finance, Indonesia (2014- (2017-2023)
2017) • Consumer Business Manager at Citibank N.A. Philippines
• Executive Vice President, Head of Risk Retail & SME Banking (2013-2017)
at PT Bank Permata Tbk, Indonesia (2013-2017) • Cards & Credit Products Payment Director at Citibank N.A.
• Consumer Credit Director, Senior Credit Officer at Citibank, Philippines (2006-2013)
Russian Federation (2012-2013) • Card Acquisitions & Strategic Development Head, VP at
• Consumer Credit Director, Czech Republic and Cluster Credit Citibank N.A. Philippines (2003-2006)
Head at Citibank, Czech Republic and Romania (2010-2012) • Cards Category Manager, VP at Citibank N.A Philippines
• Senior Vice President, Country Consumer Credit Head, Senior (2000-2003)
Credit Officer at Citibank, Romania (2008-2010) • Cards Category Manager, AVP at Citibank N.A Philippines
• Senior Vice President, Deputy Country Risk Manager, (1998-2000)
Unsecured Products & Citi Business at Citibank, Singapore • Product Manager at Unilever Philippines (1993-1998)
(2006-2008)
• Vice President, Risk Management Head, Secured Products & Educational Background
Citi Business at Citibank, Singapore (2003-2006) • Bachelor Degree in Applied Economics from De La Salle
• Senior Risk Analyst at Citibank, Singapore (2000-2003) University, Filipina
• Senior Consultant at Ernst & Young FSI, Singapore (1999- • Bachelor Degree in Commerce from De La Salle University,
2000) Filipina
• Senior Product Manager at PT Bank BII Commonwealth,
Indonesia (1997-1999) Concurrent Positions
• Deputy Head of Credit Division, Perdana Multi Finance, -
Indonesia (1997-1997)
• Management Associate to Risk Analyst at Citibank, N.A., Affiliated Relationship
Indonesia (1994-1997) She has no affiliation with fellow members of the Board of
Directors and members of the Board of Commissioners, nor with
Educational Background the Controlling Shareholders
• Master of Business Administration from University of Illinois
Urbana- Champaign, USA.
• Bachelor of Business Administration from Iowa State
University, USA
Concurrent Positions
-
Affiliated Relationship
He has no affiliation with fellow members of the Board of
Directors and members of the Board of Commissioners, nor with
the Controlling Shareholders
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 63
Page 66
Company Profile
Information on Changes to Members of the Board of Directors
In 2024, there has been a change in members of the Board of Directors, i.e., the resignation of Mr Choi Yau Chi as
Director effective on 30 June 2024 and the appointment of Ms Cristina Teh Tan (Bea) as Director effective as of 22
May 2024 based on Deed dated 2 July 2024 No. 2 made by Notary Aulia Taufani, notification of data changes has
been received and recorded in Legal Entity Administration System the Ministry of Law and Human Rights of the
Republic of Indonesia dated 3 July 2024 Number AHU-AH.01.09-0221580.
Employee Demography
As at 31 December 2024, total employees of the Bank are 4,002 employees. For the Employees Demographics please
refer to section Management Discussion and Analysis - Human Resources on page 113-121.
64 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
Page 67
United Overseas Bank Limited as a Controlling
Shareholder
UOB is a leading bank in Asia. Operating through our head office in
Singapore and banking subsidiaries in China, Indonesia, Malaysia, What We Do
Thailand. UOB has a global network of more than 470 branches and
offices in 19 Markets in Asia Pacific, Europe and North America.
Since its incorporation in 1935, UOB has grown organically and through UOB provides a wide range
a series of strategic acquisitions. Today, UOB is rated among the world’s of financial services globally
top banks: Aa1 by Moody’s Investors Service and AA- by both S&P Global through our three core business
Ratings and Fitch Ratings. segments – Group Retail, Group
Wholesale Banking and Group
For nearly nine decades, UOB has adopted a customer-centric approach Global Markets. Our range of
to create long-term value by staying relevant through its enterprising services cover our customers’
spirit and doing right by its customers. UOB is focused on building the needs across consumer banking,
future of ASEAN – for the people and businesses within, and connecting private banking, commercial
with ASEAN. banking, corporate banking and
institutional banking. Through
UOB connects businesses to opportunities in the region with its our subsidiaries, we also provide
unparalleled regional footprint, leverage data and insights to innovate asset management, private equity
and create personalised banking experiences and solutions catering to fund management and insurance
each customer’s unique needs and evolving preferences. services, among others.
UOB is also committed to helping businesses forge a sustainable future,
by fostering social inclusiveness, creating positive environmental impact
and pursuing economic progress. UOB believes in being a responsible
financial services provider. UOB is steadfast in its support of art,
social children and education, and doing right by its communities and
stakeholders.
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 65
Page 68
Company Profile
Where We Operate
~470
branches and offices in
Asia Pacific, Europe and
North America.
Asia
Brunei 2
Hong Kong 2
India 2
Indonesia 117
Japan 2
Mainland China 20
Malaysia 58
Myanmar 2
Philippines 1
Singapore 61
South Korea 1
Taiwan 2
Thailand 189
Vietnam 7
Australia 1
Canada 3
France 1
United Kingdom 1
USA 2
66 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
Page 69
Five-Year Financial Summary
of United Overseas Bank Limited
Description 2024 2023 2022 2021 2020
Selected income statement items ($ million)
Total income 14,294 13,932 11,575 9,789 9,176
Total expensesa 6,074 5,778 5,016 4,313 4,184
Operating profit 7,984 7,715 6,294 5,476 4,992
Net profit after tax b
6,045 5,711 4,573 4,075 2,915
Selected balance sheet items ($ billion)
Gross customer loans 338 321 320 311 281
Customer deposits 404 385 369 353 325
Total assets 538 524 504 459 432
Shareholders’ equity b
50 46 43 43 41
Financial indicators (%)
Cost/income ratioa 42.5 41.5 43.3 44.1 45.6
Non-performing loans ratio 1.5 1.5 1.6 1.6 1.6
Return on average ordinary shareholders’ equity c
13.3 13.4 11.2 10.2 7.4
Return on average total assets 1.16 1.12 0.94 0.92 0.69
Return on average risk-weighted assets 2.27 2.16 1.74 1.68 1.27
Capital adequacy ratio (%)
Common equity tier 1 15.5 13.4 13.3 13.5 14.7
Tier 1 16.6 14.4 14.4 14.4 15.8
Total 18.2 16.6 16.7 16.6 18.4
Per ordinary share
Basic earnings ($)c 3.56 3.34 2.69 2.39 1.69
Net asset value ($) 28.11 26.00 24.24 24.08 23.03
Net dividend (cents) 180 170 135 120 78
a Excluding one-off expenses.
b Relates to the amount attributable to equity holders of the Bank.
c Calculated based on profit attributable to equity holders of the Bank net of perpetual capital securities distributions.
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 67
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Company Profile
Structure ond Composition of Shareholders
The Company’s Ownership Structure
As of 1 January 2024 As of 31 December 2024
Total Issued Total Issued
Shareholders and Fully Paid- and Fully
Number of Percentage of Percentage of
Up Capital Number of Paid Up
Shares Ownership (%) Ownership (%)
Shares Capital
(in million IDR) (in million IDR)
UOB International
Investment Private 8,430,031,879 68.943 2,107,508 8,430,031,879 68.943 2,107,508
Limited, Singapore
United Overseas Bank
3,675,134,661 30.056 918,784 3,675,134,661 30.056 918,784
Limited, Singapore
Yayasan Kesejahteraan
122,308,897 1.000 30,577 122,308,897 1.000 30,577
Nusantara
Other shareholders 116,196 0.001 29 116,196 0.001 29
Total 12,227,591,633 100.000 3,056,898 12,227,591,633 100.000 3,056,898
Composition of Share Ownership with an Ownership of 5% or More
As of 1 January and 31 December 2024
Total Issued and
Shareholders Number of Shares Percentage of Ownership (%) Fully Paid Up Capital
(in million IDR)
UOB International Investment Private
8,430,031,879 68.943 2,107,508
Limited, Singapore
United Overseas Bank Limited, Singapore 3,675,134,661 30.056 918,784
Classification of Share Ownership Based on Ownership Status
As of 1 January and 31 December 2024
Number of Percentage of
Shareholders Status
Shares Ownership (%)
UOB International Investment Private Ownership of Foreign
8,430,031,879 68.943
Limited, Singapore Institutions
Ownership of Foreign
United Overseas Bank Limited, Singapore 3,675,134,661 30.056
Institutions
Yayasan Kesejahteraan Nusantara Ownership of Local Institutions 122,308,897 1.000
Ownership of Foreign and
Other shareholders 116,196 0.001
Local Institution
Total 12,227,591,633 100.000
68 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
Page 71
Classification of Local and Foreign Shareholders
As of 31 December 2024
Percentage of
Group of Shareholders Number of Shareholders Number of Shares
Ownership (%)
Institutions
Local 3 122,309,280 1.000
Foreign 6 12,105,166,978 98.999
Individuals
Local 20 114,145 0.001
Foreign 1 1,230 0.000
Total 30 12,227,591,633 100.000
Shareholding Ownership by the Board of Commissioners and Board of
Directors
In 2024, the Board of Commissioners and the Board of Directors Members did not hold the Company’s shares.
Significant Changes
[GRI 2-6] [C.6]
In 2024, there were no significant changes in the structure and composition of shareholders or other corporate
actions.
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 69
Page 72
Company Profile
Company Group Structure
as of 31 December 2024
Citibank Nominees
19.38%
Singapore Pte Ltd.
DBSN Services Pte.
10.08%
Ltd.
Raffles Nominees
9.58%
(Pte.) Limited
Ordinary Shares
HSBC (Singapore) United Overseas
9.42% 100%
Nominees Pte Ltd Bank Limited
30.056%
Wee Investments
7.97%
Private Ltd UOB International
Others Investment Private
Limited
Wah Hin and 1.001% 68.943%
Company Private 5.19%
Limited
PT Bank UOB Indonesia
Other Shareholders
(Ownership below 38.38%
5% each)
Information:
Based on the structure above, United Overseas Bank Limited is a Controlling Shareholder of the Bank. United Overseas Bank
Limited is a public listed company at Singapore Exchange (SGX) and has no individual beneficial owner.
Subsidiaries and Affiliates
As of 31 December 2024, UOB Indonesia did not have subsidiaries and affiliates as mentioned in the aforementioned
group structure chart.
70 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Share Listing Chronology
Additional/
Nominal Value
Corporate Actions Distribution Dates Reduction in Total Listed Shares
(IDR)
Total Shares
Initial Public Offering of Shares 20 July 2000 500 194,000,000 970,000,000
Share Dividend 17 May 2002 500 223,689,754 1,193,689,754
Bonus Share 17 May 2002 500 47,133,917 1,240,823,671
Limited Public Offering 20-27 September 2002 500 248,164,734 1,488,988,405
Share Nominal Value 23 December 2002 250 1,488,988,405 2,977,976,810
Limited Public Offering II 28 May-5 June 2003 250 744,494,202 3,722,471,012
Share Dividend 4 November 2003 250 306,091,338 4,028,562,350
Bonus Share 4 November 2003 250 959,549,650 4,988,112,000
Share Dividend 12 May 2005 250 410,821,132 5,398,922,132
Bonus Share 12 May 2005 250 367,309,605 5,766,242,737
Limited Public Offering III 9-19 June 2006 250 887,114,267 6,653,357,004
Tender Offer 22 September-21 October 2008 250 - 6,653,357,004
Delisting of Shares on Stock Exchange 20 November 2008 250 - 6,653,357,004
Business Merger 30 June 2010 250 2,900,528,800 9,553,885,804
Right Issue 27 May 2020 250 1,632,759,084 11,186,644,888
Right Issue 20 November 2023 250 1,040,946,745 12,227,591,633
Bond Listing Chronology
As of 31 December 2024, the outstanding of Senior Debt and Subordinated Debt was IDR1,050 billion. The bond
ratings were ranked by Fitch Ratings, AAA(idn) for Senior Debt and AA(idn) for Subordinated Debt. In 2024, there
were maturing Subordinated Debt amounted to IDR500 billion and maturing Senior Debt amounted to IDR100 billion.
The following table presents the data of outstanding and matured bonds:
Issuance Value Maturity
Type of Bonds Maturity Coupon Rating Listing
Date (IDR) Date
Outstanding Bonds
AAA (idn) Indonesia
Bank UOB Indonesia Senior Debt Shelf 26 June
370 days 100 billion 6 July 2025 6.70% p.a. Fitch Stock
Offering IV Phase I 2024 2024
Ratings Exchange
Bank UOB Indonesia AA (idn) Indonesia
Subordinate Debt Shelf Offering II Phase 5 July 2019 7 years 100 billion 5 July 2026 9.85% p.a. Fitch Stock
I 2019 Ratings Exchange
Bank UOB Indonesia AA (idn) Indonesia
13 November 13 November
Subordinate Debt Shelf Offering II Phase 7 years 650 billion 9.25% p.a. Fitch Stock
2019 2026
II 2019 Ratings Exchange
Bank UOB Indonesia AA (idn) Indonesia
8 March 8 March
Subordinate Debt Shelf Offering III Phase 7 years 100 billion 8.00% p.a. Fitch Stock
2022 2029
I 2022 Ratings Exchange
AA (idn) Indonesia
Bank UOB Indonesia Subordinate Debt 26 June
7 years 100 billion 26 June 2031 7.50% p.a. Fitch Stock
Shelf Offering IV Phase I 2024 2024
Ratings Exchange
Matured Bonds
Bank UOB Indonesia Senior Debt Shelf AAA (idn) Indonesia
2 September 2 September
Offering III 3 years 100 billion 5.65% p.a. Fitch Stock
2021 2024
Phase I 2021 Ratings Exchange
AA (idn) Indonesia
Bank UOB Indonesia Subordinate Debt 17 October 17 October
7 years 500 billion 9.25% p.a Fitch Stock
Shelf Offering I Phase II 2017 2017 2024
Ratings) Exchange
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 71
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Company Profile
Supporting Institutions and/or Professions
Public Accounting Firm Trustee Legal Consultant
Purwantono, Sungkoro & Surja PT Bank Mandiri (Persero) Tbk Hiswara Bunjamin & Tandjung
(Ernst & Young Indonesia) Plaza Mandiri, Lantai 22 Gedung BRI II Lantai 23
Indonesia Stock Exchange Tower 2, Lt.7 Jl. Jenderal Gatot Subroto Kav. 36-38 Jl. Jenderal Sudirman Kav. 44-46
Jl. Jenderal Sudirman Kav. 52-53 Jakarta Selatan, DKI Jakarta, 12190 Jakarta Selatan, DKI Jakarta 10210
Jakarta Selatan, DKI Jakarta 12190 Indonesia Indonesia
Indonesia Telp. (021) 5245161, 5268216 Telp. (021) 574 4010
Telp. (021) 52895000 Faks. (021) 5268201 Faks. (021) 5744670
Faks. (021) 52894100
Share Registrar Notary Rating Agency
PT Raya Saham Registra Kantor Notaris Aulia Taufani S.H PT Fitch Ratings Indonesia
Gedung Plaza Sentral Lantai 2 Menara Sudirman Lantai 17D DBS Bank Tower Lt.24 Suite 2403
Jl. Jendral Sudirman Kav. 47-48 Jl. Jenderal Sudirman Kav. 60 Jl. Prof Dr. Satrio Kav 3-5
Jakarta 12930 Jakarta Selatan 12190 Jakarta Selatan, DKI Jakarta, 12940
Telp. (021) 2525666 Telp. (021) 52892365 Indonesia
Faks. (021) 2525028 Faks. (021) 5204780 Telp. (021) 29886800
Faks. (021) 29886822
Public Accountant and Public Accounting Firm
Type of Professionals Service Fee Assignment Period
Public Accounting Firm - Audit service for 2024 Financial Statements IDR4.83 billion 2024 Fiscal year
There were not any non-audit services rendered by the
Public Accounting Firm for the Bank.
Information on the Company Website
All of the Bank’s Stakeholders are given a wide access to the Bank’s official website, www.uob.co.id, containing a
wide-ranging public information required by the regulators, such as:
• Information on the shareholders;
• The code of conduct;
• Summaries of the minutes of Annual and Extraordinary General Meetings of Shareholders as well as all related
notices and invitations, dating back to 2016;
• The Company’s annual reports dating from 2010, financial statements dating from 2013, and quarterly financial
statements dating from 2011;
• Profiles of the Board of Commissioners and Board of Directors; and
• Charters of the Board of Commissioners, Board of Directors, Committees and Internal Audit Unit.
72 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Awards and Certifications
June 2024 November 2024
Issuing Agency Issuing Agency
International Finance Magazine Infobank
March 24 Award Name Award Name
International Finance Awards 2024 Infobank 200 Future Leaders
Issuing Agency Business Unit Business Unit
Digital CX Awards 2024 Digital Bank - UOBI UOBI
Award Name Types of Awards Types of Awards
Digital CX Awards 2024 1. Most Innovative Digital Bank 1. Excellence in Leadership and
Business Unit 2. Best Mobile Banking Application Guidance
2. Recognition for Strong Leadership
Digital Bank - UOBI and Management
Types of Awards
1. Best Retail Bank for Digital CX in August 2024 Issuing Agency
Indonesia
WFIS (World Financial Innovation
2. Excellence in Digital CX Loyalty
Issuing Agency Series)
Innovation
Global Finance Award Name
Award Name WFIS Awards 2024
May 24 Best Digital Bank Awards 2024 Business Unit
Business Unit UOBI
Issuing Agency Digital Bank - UOBI Types of Awards
The Asset Types of Awards Wealth Management Expert of the
Award Name 1. Best Mobile Banking App in Year
Triple A Treasury, Trade, Supply Chain Indonesia
and Risk Management Awards 2024 2. Best Social Media Marketing and
Issuing Agency
Services in Indonesia
Business Unit CNBC Indonesia
Transaction Banking - UOBI Award Name
Types of Awards
October 2024 CNBC Indonesia Communication
Strategists Awards 2024
1. Best Services Providers - Trade
Finance Indonesia Business Unit
Issuing Agency
2. Best Supply Chain Solution SCB - UOBI
Indonesia - PT Drager Medical SWA Magazine
Indonesia Types of Awards
Award Name
3. Best Cash Management Solution Honored with Strategic Communication
Indonesia’s Best Business Excellence Awards
Indonesia - PT Paywatch Solution
Transformation Awards 2024
Indonesia
4. Best Payments and Collection Business Unit
Solutions Indonesia - PT Technology & Operations - UOBI Issuing Agency
Teknologi Merlin Sejahtera Investortrust
Types of Awards
5. Implementation Manager of the
Indonesia’s Best Business Award Name
Year - Alosius Prasetya Bayuaji -
PT Bank UOB Indonesia Transformation 2024 with predicate Digital Banking Award 2024
very good Business Unit
Issuing Agency UOBI
HR Asia Magazine Types of Awards
Issuing Agency
Award Name Data Dimension Category (KBMI 3)
Infobank
HR Asia Awards Award Name
Business Unit Prima Awards 2024
December 2024
HR - UOBI Business Unit
Types of Awards Issuing Agency
UOBI
SWA Magazine
1. HR Asia Best Companies to Work Types of Awards
for in Asia 2024 Award Name
1. Titanium Award - Best Acquire
2. H
R Asia Sustainable Workplace Indonesia Best Digital Innovation
Bank ATM
Awards 2024 Awards 2024
2. Titanium Award - The Highest
Digital Channels Transaction Business Unit
Bank
Technology & Operations - UOBI
3. Titanium Award - The Best System
Availability Types of Awards
Indonesia Best Digital Innovation
Category Financial Services with
predicate Very Good
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 73
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Company Profile
Operational Area and Market Served
[C.3]
As of 31 December 2024, the Company’s service network consisted of 42 branch offices, 73 sub-branch offices, and
131 ATMs across 43 cities in 16 provinces in Indonesia. The Company’s banking services are accessible through its
regional ATM network, the ATM Prima and Bersama networks and the Visa network.
No. Office Name Main Branch Address Dati II Telephone Facsimile
HEAD OFFICE
1 Head Office - Jl. M.H. Thamrin No. 10, 0391 - Jakarta (021) 23506000 (021) 29936632
Kel. Kebon Melati, Pusat
Kec. Tanah Abang 10230
REGIONAL OFFICES
1 Region 1 Office Region 1 Office Gedung UOB Plaza Lantai 18, Jl. 0391 - Jakarta (021) 23506000 (021) 29936647
M.H. Thamrin No. 10, Pusat
Kel. Kebon Melati,
Kec. Tanah Abang 10230
2 Region 2 Region 2 Office Gedung UOB Plaza Lantai 11, 0391 - Jakarta (021) 23506000 (021) 29936632
Office Jl. M.H. Thamrin No. 10, Pusat
Kel. Kebon Melati,
Kec. Tanah Abang
10230
3 Region 3 Region 3 Office Jl. Palang Merah No. 30, 3396 - Kota (061) 4156574 (061) 4148556,
Office Lantai 3, Kel. Kesawan, Medan (061) 4154793,
Kec. Medan Barat, (061) 4560116
Medan 20231
4 Region 4 Region 4 Office Jl. Panglima Sudirman 1291 - Kota (031) 5471772, (031) 5345026,
Office No. 53, Lantai 3, Surabaya (031) 5481888 (031) 5345136,
Kel. Embong Kaliasan, (031) 5345146
Kec. Genteng
Surabaya 60271
FUNCTIONAL OFFICES
1 South Quarter Head Office Jl R.A Kartini Kav. 8, Cilandak Barat, 0394 - Jakarta (021) 50954300
Jakarta Selatan 12430 Selatan
2 Sinarmas Land Surabaya Jl. Pemuda No. 60-70, Surabaya 1291 – Kota (031) 98543250
Plaza 60271 Surabaya
3 Wahid Hasyim Head Office Jl. K.H. Wahid Hasyim No. 89, Kel. 0391 - Jakarta (021) 29276200
Gondangdia, Kec. Menteng, Jakarta Pusat (021) 29276400
Pusat 10350
BRANCH OFFICES
1 Juanda Juanda Jl. Ir. H. Juanda No. 15, 0391 - Jakarta (021) 22035055 (021) 22035056
Kel. Kebon Kelapa, Pusat – 58
Kec. Gambir 10120
2 UOB Plaza UOB Plaza Jl. M.H. Thamrin No. 10, 0391 - Jakarta (021) 23506000 (021) 29936680
Kel. Kebon Melati, Pusat - 82
Kec. Tanah Abang 10230
3 Kelapa Gading Kelapa Gading Jl. Raya Barat Boulevard 0392 - Jakarta (021) 4529171 (021) 4529179
Blok LC 7 No. 1-2, Utara
Kelapa Gading Permai 14240
4 Green Garden Green Garden Komplek Perumahan Green Garden, 0393 - Jakarta (021) 5819005, (021) 5802776
Blok A.7 No. 47-50, Barat (021) 5802814
Kel. Kedoya Utara,
Kec. Kebon Jeruk 11520
74 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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No. Office Name Main Branch Address Dati II Telephone Facsimile
5 Gajah Mada Gajah Mada Jl. Gajah Mada No.87-87A, Kel. 0393 - Jakarta (021) 6329779 (021) 6329696,
(d/h: (Asemka) Krukut, Kec. Taman Sari, Jakarta Barat (021) 6329766,
Barat 11140 (021) 6329966,
(021) 6329906
6 Radio Dalam Radio Dalam Jl. Radio Dalam No. 9 A, 0394 - Jakarta (021) 7252647 (021) 7252648
Kel. Gandaria Utara, Selatan
Kec. Kebayoran Baru 12140
7 Pacific Century Pacific Century Pacific Century Place 0394 - Jakarta (021) 72888788
Place Place SCBD lot 10 Selatan
Jl. Jend Sudirman kav 52-53
Jakarta Selatan 12190
8 Pantai Indah Pantai Indah Pantai Indah Kapuk Metro 0392 - Jakarta (021) 30010566
Kapuk Metro Kapuk Metro Broadway Utara
The Gallery No.8 Unit ES, ET, & FA
Jl. Pantai Indah Utara II, Pantai
Indah Kapuk
Jakarta Utara 14460
9 Kebon Jeruk Kebon Jeruk AKR AKR Gallery West 0393 - Jakarta (021) 38782033
AKR Jl Panjang No. 5, Kebon Barat
Jeruk, Jakarta Barat 11530
10 Serang Serang Jl. M. Hasanuddin, 0203 - Kota (0254) 200153, (0254) 200692
Serang Plaza Blok II Serang (0254) 201566
No. 3-7, Serang, Banten 42112
11 Bandar Bandar Lampung Jl. Ikan Tenggiri No. 17/A, 3991 - Kota Bandar (0721) 482982 (0721) 482951
Lampung Teluk Betung, Lampung
Bandar Lampung 35223
12 Bogor Bogor Jl. Raya Pajajaran No. 84, Kel. 0192 - Kota Bogor (0251) 8306699 (0251)
Baranangsiang, Kec. Bogor Timur, 8306690
Kota Bogor 16143
13 Medan Medan Jl. Palang Merah No. 30, 3396 - Kota (061) 4156574 (061) 4148556,
Kel. Kesawan, Medan (061) 4154793,
Kec. Medan Barat, (061) 4560116
Medan 20231
14 Tomang Elok Tomang Elok Jl. Jend. Gatot Subroto, Kompleks 3396 - Kota (061) 8455405, (061) 8455656
Tomang Elok Blok A No. 55, Kel. Sei Medan (061) 8455785,
Sikambing B, Kec. Medan Sunggal, (061) 8455635
Medan 20122
15 Palembang Palembang Jl. Mayor HM. Rasyad Nawawi, 3691 - Kota (0711) 5734695 (0711)369657
Ruko Blok A1 No. 500 dan Blok A2 Palembang
No. 501, Kel. 9 Ilir Kec. Ilir Timur 3,
Kota Palembang 30113
16 Pekanbaru Pekanbaru Jl. Jend. Sudirman No. 442, Kel. 3591 - Kota (0761) 21168, (0761) 848052
Tanah Datar, Kec. Pekanbaru Kota, Pekanbaru (0761) 21116
Kota Pekanbaru Riau 28115 (0761) 20879
(0761) 848053
17 Batam Batam Komplek Batam Plaza Blok E No. 1-3, 3892 - Kota Batam (0778) 459691 (0778) 458601
Jl. Imam Bonjol, Kel. Sungai Jodoh
Kec. Batu Ampar, Kota Batam 29453
18 Batam Centre Batam Centre Komplek Mahkota Raya Blok D No. 3892 - Kota Batam (0778) 7486000 (0778) 7486025
7 & No. 8,
Jl. Engku Putri,
Kel. Teluk Tering,
Kec. Batam Kota, Kota Batam,
Kepulauan Riau 29461
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 75
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Company Profile
No. Office Name Main Branch Address Dati II Telephone Facsimile
19 Solo Solo Jl. Jend. Urip Sumoharjo 0996 - Kota (0271) 646348 (0271) 668758,
No. 13- 17, Kepatihan Wetan, Jebres, Surakarta/Solo (0271) 630620,
Kota Surakarta, 57129 (0271) 646947
20 Bandung Bandung Jl. Jend. Sudirman No. 55 A, Kel. 0191 - Kota (022) 4204491 (022) 4238906
Karanganyar Kec. Astana Anyar, Bandung
Kota Bandung 40241
21 Bandung Rivai Bandung Rivai Jl. Abdul Rivai No. 2 A, Tamansari, 0191 - Kota (022) 4209980 (022) 4209970
Bandung Wetan, Kota Bandung, Bandung
Jawa Barat 40116
22 Semarang Semarang Menara Suara Merdeka (Ground 0991 - Kota (024) 86448000 (024)
Floor, Mezzanine Floor, Lantai 2) Semarang 86446066
Jl. Pandanaran No.30,
Kel. Pekunden,
Kec. Semarang Tengah,
Semarang 50241
23 Cirebon Cirebon Jl. Yos Sudarso No. 29, 0194 - Kota (0231) 205040, (0231) 201989,
Lemahwungkuk, Cirebon (0231) 206959, (0231) 248340
Kota Cirebon, Jawa Barat 45111 (0231) 206396,
(0231) 221541
24 Tasikmalaya Tasikmalaya Jl. Empang No. 50, Empangsari, 0195 - Kota (0265) 310300 (0265) 332007
Tawang, Tasikmalaya, Tasikmalaya
Jawa Barat 46113
25 Purwokerto Purwokerto Jl. Jend. Sudirman No. 732, Kel. 0914 - Kab. (0281) 2958100 (0281)
Purwokerto Kulon, Kec. Purwokerto Banyumas 2958089
Selatan, Kab. Banyumas 53141
26 Magelang Magelang Jl. Tidar No. 17, Kel. Magersari, Kec. 0995 - Kota (0293) 362181, (0293) 364271
Magelang Selatan, Kota Magelang Magelang (0293) 364344,
56126 (0293) 365261,
(0293) 364405-06
27 Yogyakarta Yogyakarta Jl. Jend. Sudirman No. 62, Kotabaru, 0591 - Kota (0274) 562000, (0274) 563433
Gondokusuman, Kota Yogyakarta, Yogyakarta (0274) 517410
Daerah Istimewa Yogyakarta 55224
28 Tegal Tegal Jl. Kolonel Sugiono No. 56, RT.003/ 0994 - Kota (0283) 325001, (0283) 325008
RW.05, Tegal (0283) 325005
Kel. Pekauman,
Kec. Tegal Barat, Tegal 52113
29 Surabaya Surabaya Jl. Panglima Sudirman 1291 - Kota (031) 5471772, (031) 5345026,
No. 53, Embong Kaliasin, Genteng, Surabaya (031) 5481888 (031) 5345136,
Kota Surabaya (031) 5345146
60271
30 Surabaya Surabaya Jl. Raya Bukit Darmo Golf, 1291 – Kota (031) 7343949 (031) 7343910
Bukit Darmo Bukit Darmo Blok R No. 28 – 30, Surabaya (Hunting), (031)
Kel. Pradah Kalikendal, 7326000
Kec. Dukuh Pakis 60226 (Privilege Banking),
(031) 5486008
(Call Centre
24 hours)
31 Surabaya Surabaya Jl. Manyar Kertoarjo No. 50, Kel. 1291 – Kota (031) 5991168 (031) 5991411
Manyar Manyar Kertoarjo Manyar Sabrangan, Surabaya (031) 5991428 (031) 5991412
Kertoarjo Kec. Sukolilo, Surabaya 60116
32 Jember Jember Jl. Gajah Mada No. 68, 1212 - Kab. (0331) 484545, (0331) 484980
Kel. Jember Kidul, Jember (0331) 424759,
Kec. Kaliwates, (0331) 424859
Kabupaten Jember 68131
76 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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No. Office Name Main Branch Address Dati II Telephone Facsimile
33 Denpasar Denpasar Jl. Dr. Wahidin No. 39, 7291 - Kota (0361) 433014 (0361) 424245
Kel. Pemecutan, Denpasar
Kec. Denpasar Barat,
Kota Denpasar 80111
34 Bali Renon Bali Renon Jl. Raya Puputan Komplek 7291 - Kota (0361) 241888 (0361) 245978
Pertokoan Niti Mandala Raya No.17 Denpasar
Renon, Kel. Dangin Puri Klod, Kec.
Denpasar Timur, Denpasar 80234
35 Banyuwangi Banyuwangi Jl. Jend. Sudirman No. 16, 1211 - Kab. (0333) 426500 (0333) 424260
Kel. Penganjuran, Banyuwangi (0333) 424705
Kec. Banyuwangi, (0333) 423061-62
Kabupaten Banyuwangi 68416 (0333) 422270-71
(0333) 424070
36 Jombang Jombang Jl. Gus Dur (d/h. Jl Merdeka) No. 133, 1204 - Kab. (0321) 862500-01 (0321) 862171
Candi Mulyo, Jombang (0321) 862337
Kec. Jombang, (0321) 874857-58
Kabupaten Jombang 61419
37 Malang Malang Jl. Basuki Rahmat 1293 - Kota Malang (0341) 342333 (0341) 342572
No. 63, Kauman, Klojen,
Kota Malang 65119
38 Makassar Makassar Jl. Sulawesi No. 83, 6191 - Kota (0411) 321421 (0411) 315702
Pattunuang, Wajo, Makassar (0411) 319457
Kota Makassar 90174
39 Pontianak Pontianak Jl. HOS Cokroaminoto 5391 - Kota (0561) 732600 (0561) 736282
No. 266/A, Darat Pontianak (0561) 734656
Sekip, Pontianak Kota,
Kota Pontianak 78117
40 Balikpapan Balikpapan Kavling 8 Square Blok A6 & A7, 5492 - Kota (0542) 7208888 (0542) 765477
RT 28 Jl. M.T. Haryono, Balikpapan (0542) 7209999
Kel. Damai,
Kec. Balikpapan Selatan 76114
41 Samarinda Samarinda Jl. Pangeran Diponegoro 5491 - Kota (0541) 732492- (0541) 732490
No. 68-70, Pelabuhan, Samarinda Samarinda 95-97
Kota, (0541) 749516-
Kota Samarinda 75112 17-18
42 Banjarmasin Banjarmasin Jl. Lambung Mangkurat 5191 - Kota (0511) 3357172 (0511) 3353305
No. 17, Banjarmasin, Banjarmasin (0511) 3353754
Kertak Baru Ulu, (0551) 3365312
Banjarmasin Tengah,
Kota Banjarmasin
70111
SUB-BRANCH OFFICES
1 Glodok Gajah Mada Komp. Glodok Plaza Blok F 0393 - Jakarta (021) 6595026 (021) 6280944
Plaza No. 1-2, Jl. Pinangsia Raya, Barat (021) 6596745
Pinangsia, (021) 6280943-44
Tamansari, Kota Jakarta Barat 11110
2 Pluit Gajah Mada Jl. Pluit Kencana Raya 0392 - Jakarta (021) 6611770–71 (021) 6691163
No. 76, Pluit, Penjaringan, Utara
Kota Jakarta Utara 14450
3 Petak Gajah Mada Jl. Petak Baru No. 25-26, 0393 - Jakarta (021) 6922115 (021) 6928086
Baru Roa Malaka, Barat (021) 6922432
Tambora, Kota Jakarta 11230 (021) 6912224
(021) 6924069
(021) 6901756-57
(021) 6917410-11
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 77
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Company Profile
No. Office Name Main Branch Address Dati II Telephone Facsimile
4 Mangga Dua Gajah Mada Mangga Dua Plaza Blok F No. 5 Jl. 0392 - Jakarta (021) 6120086 (021) 6129130
Plaza Mangga Dua Raya, Kel. Mangga Utara (021) 6120912
Dua Selatan, Kec. Sawah Besar, (021) 6129128
Jakarta Barat 10730 (021) 6129129
5 Sopo Del Gajah Mada Sopo del Office Tower & Lifestyle 0394 - Jakarta (021) 30007979 (021) 30007977
- Tower B, Ground Floor, Unit GF- Selatan
20, Jl. Mega Kuningan Barat III, lot
10.1-6, Kuningan Timur, Setiabudi,
Jakarta Selatan 12950
6 Muara Karang Gajah Mada Jl. Muara Karang No. 1, RT. 019/RW. 0392 - Jakarta (021) 6625967-69 (021) 6606171
02, Kav. Blok Y3 Barat No. 10, Kel. Utara (021) 6601048
Pluit, Kec. Penjaringan, Kota Jakarta
Utara 14450
7 Petojo Juanda Jl. A.M Sangaji No. 25 E, 0391 - Jakarta (021) 6324562-63 (021) 6324562
Petojo Utara, Gambir, Pusat (021) 63855187
Kota Jakarta Pusat 10130
8 Roxy Mas Juanda Gedung Yusen, Lantai Dasar, 0391 - Jakarta (021) 22638455 (021) 22635587
Jl. Biak No.56, Kel. Cideng, Pusat
Kec. Gambir, Jakarta Pusat 10150
9 Sawah Juanda Jl. Sukarjo Wiryopranoto 0391 - Jakarta (021) 3853677 (021) 3860602
Besar No. 26, Kebon Kelapa, Pusat (021) 231368
Gambir, Jakarta Utara (021) 2313479
10120 (021) 3453336
(021) 3453337
10 Central Juanda Central Park Mall, Lantai 3, 0393 - Jakarta (021) 29201015 (021) 29201017
Park Shop Unit No. L3 – 203 A, Barat (Hunting)
Jl. Let. Jend. S. Parman (021) 29201013
Kav. 28, Kel. Tanjung Duren, (021) 29201014
Kec. Grogol, Petamburan, (021) 29201016
Jakarta Barat 11470
11 Mangga Besar Juanda Jl. Mangga Besar No. 68 – 68 A, 0393 - Jakarta (021) 6594677 (021) 6293113
Kel. Taman Sari, Kec. Taman Sari, Barat (021) 6292150
Jakarta Barat (021) 6292349
11150
12 Pangeran Juanda Jl. Pangeran Jayakarta 0391 – Jakarta (021) 62201905 (021) 62201904
Jayakarta No. 126-129 Blok A/5, Pusat (021) 62201906
Kel. Mangga Dua Selatan, (021) 62201907
Kec. Sawah Besar 10730 (021) 6016574
13 Palmerah UOB Plaza Jl. Palmerah Barat No. 39 B, 0391 - Jakarta (021) 5325479 (021) 5329249
Palmerah, Tanah Abang, Pusat (021) 5308785
Jakarta Pusat 10270
14 Metro Tanah UOB Plaza Pusat Grosir Metro Tanah Abang 0391 - Jakarta (021) 30036023 (021)
Abang Banking Center Lantai 7 Unit No.1, Jl. Pusat (021) 30036024 30036026
K.H. Wahid Hasyim No. 187-189, Kel. (021) 30036025
Kampung Bali Kec. Tanah Abang,
Jakarta Pusat 10250
15 Setiabudi JKT UOB Plaza Setiabudi Atrium Building 1st Floor 0394 - Jakarta (021) 5210035 (021) 521 0036
Suite 101 AA, Jl. H.R. Rasuna Said Selatan
Kav.62, Kel. Karet, Kec. Setiabudi,
Jakarta Selatan 12920
16 PIK Boulevard Kelapa Gading Wisma Indochem, Lantai Basement 0392 - Jakarta (021) 29210600 (021) 29210601
& Lantai Dasar, Jl. Pantai Indah Utara
Kapuk Boulevard Kav. SSB/E, Kel.
Kamal Muara, Kec. Penjaringan,
Jakarta Utara 14470
78 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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No. Office Name Main Branch Address Dati II Telephone Facsimile
17 Kelapa Gading Kelapa Gading Jl. Raya Boulevard Blok FW I No. 0392 - Jakarta (021) 4531069–70 (021) 45841059
Boulevard 18, Kel. Kelapa Gading Timur, Kec. Utara
Kelapa Gading, Jakarta Utara
14240
18 Sunter Agung Kelapa Jl. Danau Sunter Agung Utara Blok 0392 - Jakarta (021) 6451120-21 (021) 6453821
Gading D 1 No. 6 B, Utara (021) 65833281-82
Sunter Agung, Jakarta Utara 14350
19 Bekasi Selatan Kelapa Gading Jl. Achmad Yani Kav. A4 Bekasi (021) 88965891-93 (021)
No. 7, Ruko Kalimalang Commercial (021) 8853521 88965890
Centre,
Desa Kayuringin, Bekasi 17144
20 Cikarang Kelapa Ruko Podium Blok B22 Jl. Mataram 0198 - Kota (021) 38735018 (021) 38735019
Gading Lippo Cikarang, Kel. Cibatu Kec. Bekasi
Cikarang Kab. Bekasi 17530
21 Kelapa Gading Kelapa Gading Jl. Boulevard Raya Blok DG 0392 - Jakarta (021) 4527582 (021) 4527583
Boulevard No. 2, Kel. Kelapa Gading Timur, Utara
Raya Kelapa Gading 14240
22 Green Ville Green Garden Komplek Pertokoan Green Ville Blok 0393 - Jakarta (021) 56957883-84 (021) 56957902
BG No. 14-15, Barat (021) 56957895
Kel. Duri Kepa, (021) 56957897
Kec. Kebon Jeruk,
Jakarta Barat 11510
23 Cengkareng Green Garden Komplek Taman Palem Lestari Blok 0393 - Jakarta (021) 55957447 (021) 55957446
D 10 No.1, Barat (021) 55957448
Cengkareng Barat, (021) 55957449
Jakarta Barat 11730
24 Tangerang Green Garden Jl. Ki Asnawi No. 64 C-D, Kel. 0292 - Kota (021) 5523081- (021) 5523082
Sukarasa, Kec. Tangerang, Kota Tangerang 83-84
Tangerang 15111 (021) 55799082-83
25 Duta Mas Green Garden Komplek Perumahan Taman Duta 0393 - Jakarta (021) 5648262 (021) 5649464
Mas, Blok D8 No. 1, Kel. Wijaya Barat (021) 5649550
Kusuma, Kec. Grogol Petamburan,
Jakarta Barat 11460
26 Teluk Gong Green Garden Kompleks Duta Harapan Indah 0392 - Jakarta (021) 6617577 – 78 (021) 6612279
Blok G No. 10, Jl. Kapuk Muara, Kel. Utara (021) 6622957
Kapuk Muara, Kec. Penjaringan,
Jakarta Utara 14460
27 BSD Golden Green Garden Ruko BSD Golden Boulevard, Blok 0292 - (021) 53160680 (021) 53153087
C No. 6, Jl. Pahlawan Seribu, Kel. Tangerang (021) 53160681
Lengkong Karya, Kec. Serpong Selatan (021) 53153168
Utara, Kota Tangerang Selatan (021) 53153169
15320
28 Tanjung Duren Green Garden Jl. Tanjung Duren Raya 0393 - Jakarta (021) 5642027 (021) 5685079
Blok N No. 352 RT.007/RW.03, Kel. Barat (021) 5673950
Tanjung Duren Utara, Kec. Grogol (021) 56969082
Petamburan 11470
29 Puri Kencana Green Garden Grand Puri Kencana, Jl. Puri Kencana 0393 - Jakarta (021) 5823602 (021) 5819222
Blok K7/2A, Kel. Kembangan Barat (021) 5823603
Selatan, Kec. Kembangan, Jakarta (021) 5823604
Barat 11610 (021) 5823605
30 Kebon Jeruk Green Garden Taman Kebon Jeruk Interco Blok 0393 - Jakarta (021) 38777028 (021) 38777009
Intercon F No. 04, Kel Srengseng Kec. Barat
Kembangan, Jakarta Barat 11630
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 79
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Company Profile
No. Office Name Main Branch Address Dati II Telephone Facsimile
31 Gading Green Garden Ruko Graha Boulevard 0292 - Kota (021) 29001081 (021) 29001071
Serpong Blok GBVC / 002, Tangerang
Jl. Boulevard Gading Serpong, Kel.
Curug, Kec. Kelapa Dua, Tangerang,
Banten 15810
32 Pondok Indah Radio Dalam Jl. Metro Pondok Indah Sektor II, 0394 - Jakarta (021) 75906165 (021) 75900185
Blok UA Kav.46-47, Selatan (021) 75900178
Jakarta Selatan 12310
33 Pondok Indah Radio Dalam Jl. Metro Pondok Indah 0394 - Jakarta (021) 7662933
2 Kav. II/BA No.1 Pondok Indah Selatan
Jakarta Selatan 12310
34 Fatmawati Radio Dalam Jl. Fatmawati Raya No. 1, RT.001/ 0394 - Jakarta (021) 7504770 (021) 7661333
RW.04, Selatan (021) 7664823
Kel. Gandaria Selatan, (021) 7661367
Kec. Cilandak,
Jakarta Selatan 12410
35 Panglima Radio Dalam Jl. Panglima Polim Raya 0394 - Jakarta (021) 7251603 (021) 7222187
Polim No. 18A, B, C, Kel. Pulo, Selatan (021) 7202668
Kec. Kebayoran Baru, (021) 7251655
Jakarta Selatan 12160
36 Bintaro Sektor Radio Dalam Rukan Bintaro Blok A.6 0204 - (021) 7362898 (021) 7362897
3A (Rukan depan Bintaro Plaza), Sektor Tangerang Selatan
3A, Kel. Pondok Karya, Kec. Pondok
Aren, Kota Tangerang Selatan 15225
37 Kemang Radio Dalam Jl. Kemang Raya No. 24 A, Kel. 0394 - Jakarta (021) 71794084 (021) 71794083
Bangka, Kec. Mampang Prapatan, Selatan (021) 71794085
Jakarta Selatan 12730 (021) 71794086
38 Cilegon Serang Jl. Jend. Ahmad Yani No. 6, 0291 - Kota (0254) 391033 (0254) 391151
Sukmajaya, Kec. Jombang, Cilegon Cilegon (0254) 391034
42411 (0254) 392057
39 Plaza Oleos Radio Dalam Gedung Plaza Oleos, 0394 - Jakarta (021) 22780125 (021) 22780117
Lantai Dasar Unit B1 & B2, Selatan
Jl. TB. Simatupang Kav. 53 A, Kel.
Kebagusan,
Kec. Pasar Minggu Jakarta Selatan
12520
40 Cibubur Bogor Ruko Cibubur Times Square 0198 - Kota (021) 84592489 (021) 84597922
Blok B-1 No.11 & 12, Bekasi (021) 84302667
Jl. Alternatif Cibubur KM 3,
Kel. Jatikarya,
Kec. Jatisampurna,
Kota Bekasi 17435
41 Asia Medan Jl. Asia No. 132/172, Medan, Kel. Sei 3396 - Kota (061) 7368623 (061) 7368932
Rengas I, Kec. Medan Kota, Kota Medan (061) 7368653
Medan 20214
42 Cemara Asri Medan Jl. Cemara Asri Boulevard, 3396 - Kota Medan (061) 66936911 (061) 66933132
Blok A No.58,
Kec. Percut Sei Tuan,
Kab. Deli Serdang 20371
43 Medan Medan Jl. Ir. H. Djuanda No. 20i, 3396 - Kota Medan (061) 88815959 (061)
Djuanda Kel. Sukadamai, 42003822
Kec. Medan Polonia,
Medan, 20157
80 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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No. Office Name Main Branch Address Dati II Telephone Facsimile
44 Bayfront Batam Menara Aria Harbour Bay, Lantai 3892 - Kota Batam (0778) 4883120 (0778) 4883379
Dasar,
Jl. Duyung, Kel. Sungai Jodoh, Kec.
Batu Ampar,
Kota Batam 29453
45 Grand Niaga Batam Komplek Grand Niaga Mas Blok 3892 - Kota Batam (0778) 4161676 (0778) 4170105
Mas A No. 3, Batam Centre, Kelurahan
Belian,
Kec. Batam Kota,
Kota Batam 29464
46 Achmad Yani Bandung Jl. Jend. Achmad Yani No. 235, Kel. 0191 - Kota (022) 7204952 (022) 7205551
Merdeka, Kec. Sumur Bandung, Kota Bandung
Bandung 40113
47 Kopo Bandung Jl. Kopo No. 91, Kel. Situsaeur, Kec. 0191 - Kota (022) 5230030 (022) 5204784
Bojongloa Kidul, Kota Bandung Bandung (022) 5204784 (022) 5227177
40234
48 Buah Batu Bandung Ruko Buah Batu No.146 A, Jl. 0191 - Kota (022) 7315139 (022) 7315193
Buah Batu No.1, Kel. Cijagra, Kec. Bandung
Lengkong, Kota Bandung 40265
49 Pasir Kaliki Bandung Jl. Pasir Kaliki No. 161, Kel. 0191 - Kota (022) 6017027 (022) 3044520
Pamoyanan, Kec. Cicendo, Kota Bandung
Bandung 40173
50 Dago Bandung Jl. Diponegoro No 9, Kel. Citarum, 0191 - Kota (022) 86032800 (022)
Kec. Bandung Wetan, Kota Bandung 86032808
Bandung 40115
51 Majapahit Semarang Jl. Brigjend. Sudiarto 106, Kel. 0991 - Kota (024) 6723762 (024) 6723761
Pandean Lamper, Kec. Gayamsari, Semarang
Kota Semarang 50167
52 Salatiga Semarang Jl. Jend. Sudirman No.188, Kel. 0992 - Kota (0298) 322027 (0298) 326032
Kalicacing, Kec. Sidomukti, Kota Salatiga
Salatiga 50724
53 Gang Tengah Semarang Jl. Gang Tengah No. 16-22, 0991 - Kota (024) 3561800 (024) 3561700
Kranggan, Semarang Tengah, Kota Semarang
Semarang 50139
54 Mataram Semarang Ruko Plaza Blok A No. 8 A, Jl. 0991 - Kota (024) 3560033 (024) 3560462
MT Haryono, Kel. Jagalan, Kec. Semarang (024) 3560461
Semarang Tengah, Kota Semarang (024) 3584007
50613
55 Pahlawan Semarang Jl. Pahlawan No. 5, Kel. Mugassari, 0991 - Kota (024) 35318000
Kec. Semarang Selatan, Kota Semarang
Semarang 50249
56 Kratonan Solo Jl. Yos Sudarso No. 246, Kel. 0996 - Kota (0271) 652626 (0271) 655622
Kratonan, Kec. Serengan, Kota Surakarta/Solo (0271) 654343
Surakarta 57153
57 Pasar Legi Solo Jl. Letjen. S. Parman No.83, Kel. 0996 - Kota (0271) 666536 (0271) 641177
Kestalan, Kec. Banjarsari, Kota Surakarta/Solo
Surakarta 57133
58 Temanggung Magelang JL. KS. Tubun No. 1, Kel. 0919 - Kab. (0293) 491555 (0293) 491155
Temanggung I, Kec. Temanggung, Temanggung
Kabupaten Temanggung 56212
59 Brigjend Yogyakarta Jl. Brigjend. Katamso No. 278 0591 - Kota (0274) 384193 (0274) 378569
Katamso (lama 280), Kel. Keparakan, Kec. Yogyakarta (0274) 415732
Mergangsan, Kota Yogyakarta
55152
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 81
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Company Profile
No. Office Name Main Branch Address Dati II Telephone Facsimile
60 Coklat Surabaya Jl. Coklat No. 12 – 14, Kel. 1291 - Kota (031) 3526784 (031) 3523332
Bongkaran, Kec. Pabean Cantian, Surabaya (031) 3530966
Surabaya 60161
61 Perak Timur Surabaya Ruko Tanjung Perak, Jl. Perak 1291 - Kota (031) 3550318 (031) 3550314
Timur No. 42, Kel. Perak Timur, Kec. Surabaya
Pabean Cantian, Surabaya 60164
62 Kedungdoro Surabaya Jl. Kedungdoro 155 D, Kel. 1291 - Kota (031) 5321365 (031) 5471442
Kedungdoro, Kec. Tegalsari, Surabaya (031) 5322451
Surabaya 60261
63 Kapas Surabaya Jl. Kapas Krampung 55 B, Kel. 1291 - Kota (031) 3727910 (031) 3715633
Krampung Rangkah, Kec. Tambaksari, Surabaya (031) 3718281
Surabaya 60135 (031) 3769292
64 Rungkut Surabaya Jl. Rungkut Kidul Industri No. 62, 1291 - Kota (031) 8418271 (031) 8414517
Kel. Rungkut Kidul, Kec. Rungkut, Surabaya (031) 8419272
Surabaya 60293
65 Raden Saleh Surabaya Jl. Raden Saleh No. 8-A, Kel. 1291 - Kota (031) 5359970 (031) 5355964
Bubutan, Kec. Bubutan, Surabaya Surabaya (031) 5359971
60174 (031) 5359974
(031) 5359963
66 Margorejo Surabaya Jl. Raya Margorejo Indah A-802 Kav. 1291 - Kota (031) 99847388 (031) 99847393
01, RT 001 RW 008 , Kel. Margorejo, Surabaya
Kec. Wonocolo, Surabaya 60238
67 Gatot Subroto Denpasar Jl. Gatot Subroto No. 100 X, Kav. 10, 7291 - Kota (0361) 7450714 (0361) 248826
Kel. Dangin Puri Kaja, Kec. Denpasar Denpasar (0361) 7450175
Utara, Denpasar 80111 (0361) 7427697
68 Mojokerto Jombang Jl. Mojopahit 55-57 Mergelo, Kel. 1292 - Kota (0321) 322291 (0321) 322719
Sentanan, Kec. Kranggan, Kota Mojokerto (0321) 322816
Mojokerto 61312
69 Sidoarjo Surabaya Jl. Jend. Achmad Yani 40 J, Kel. 1202 - Kab. (031) 8941836 (031) 8941047
Bukit Darmo Sidokumpul, Kec. Sidoarjo, Kab. Sidoarjo (031) 8941046
Sidoarjo 61212
70 Mayjend. Surabaya Bukit Jl. Mayjend. Sungkono No.142-143, 1291 - Kota (031) 99531299 (031) 99535250
Sungkono Darmo Blok A16, Kel. Gunungsari, Kec. Surabaya
Dukuh Pakis, Surabaya 60224
71 Gresik Surabaya Jl. Usman Sadar No. 84, Sukorame, 1201 - Kab. (031) 3990053 (031) 3990054
Bukit Darmo Kemuteran, Gresik (031) 3972145
Kec. Gresik, Kabupaten Gresik 61115
72 Panakkukang Makassar Jl. Pengayoman No. 48, Kel. 6191 - Kota (0411) 421921 (0411) 458260
Pandang, Kec. Panakkukang, Kota Makassar (0411) 433017
Makassar 90231
73 Pakuwon City Surabaya Jl. Pakuwon Boulevard II, East Coast 1291 - Kota (031) 5957279 (031) 59175371
Manyar Ruko Patoz AA2 No. 52, Pakuwon Surabaya (031) 59175614
Kertoarjo City, Kel. Kejawan Putih Tambak, (031) 59175179
Kec. Mulyorejo, Kota Surabaya (031) 59172654
60112
82 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Management Discussion
and Analysis
86 2024 Macroeconomic Review
89 Business Overview
113 Human Resources
122 Information Technology and Operations
126 Financial Review
84 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Management Discussion and Analysis
2024 Macroeconomic Review
Global Economy Private consumption, accounting for over half of
In 2024, global economic growth was modest, with the Indonesia’s GDP, remained the primary economic growth
International Monetary Fund (IMF) projecting a 3.2 per driver. However, uncertain business and economic
cent expansion, matching the pace of the previous year. outlook clouded household’s inclination for higher
This stability was driven by resilient consumer spending consumption, particularly among lower-income groups.
and easing of inflationary pressures in major economies. The government mitigated these challenges through
targeted social assistance programmes and increased
Advanced economies showed mixed results. The United pre-election spending, to uphold domestic household
States recorded a strong 2.8 per cent growth, supported consumption. Nevertheless, The upper-middle-income
by strong labour market performance that underpins class continued to support growth, by keeping their
steady private consumption. Meanwhile, the Eurozone private consumption steady.
struggled with GDP growth of just 0.7 per cent, hindered
by energy costs, monetary tightening and regional The government’s ambitious investment initiatives
disparities. yielded positive outcomes. Policies to streamline
bureaucracy, enhance competitiveness and develop
China, once a global growth engine, continued to face downstream industries attracted significant domestic
structural challenges. Weak domestic demand and a and foreign investments. Key sectors such as
prolonged correction in the property sector caused manufacturing, renewable energy, telecommunications
growth to fall short of the government’s 5 per cent target. and transportation experienced notable growth,
Although government-led infrastructure spending diversifying the economy and generating over two
provided some support, broader reforms and stimulus million new jobs in priority sectors.
were urgently needed.
Exports faced challenges from normalised commodity
Geopolitical tensions further complicated the global prices and weaker global demand. Growth in key export
economic landscape. Conflicts in the Middle East and sectors such as coal and palm oil slowed compared to
Ukraine drove up commodity prices, while rising energy 2023. However, expanding higher-value downstream
costs and disrupted supply chains dampened global industries, such as nickel processing for electric vehicle
trade. Central Banks responded by increasing gold batteries, mitigated losses, highlighting Indonesia’s
reserves as a hedge against market volatility. strategic efforts to move up the global value chain.
Despite these headwinds, global trade volumes Monetary policy played crucial role in maintaining
recovered modestly, with 3.6 per cent growth for the economic stability. Bank Indonesia (BI) is at the forefront
year. This recovery was fuelled by easing supply chain of monetary policy to anchor inflation expectations
constraints and renewed trade agreements that and stabilise the rupiah. While higher interest rates
bolstered international commerce. While the outlook dampened household consumption slightly, they ensured
remained uncertain, these developments underscored robust financial system health, with sound capital flows
the global economy’s resilience and its ability to adapt and manageable debt levels.
to complex, evolving challenges.
Fiscal policy complemented these efforts, advancing
infrastructure development, improving productivity and
Indonesian Economy enhancing connectivity. Targeted subsidies and energy
In 2024, Indonesia’s economy continued to show
price stabilisation protected vulnerable groups, while
resilience amid a volatile global environment, achieving
green initiatives underscored Indonesia’s commitment
gross domestic product (GDP) growth of 5.0 per cent.
to sustainable growth.
This steady performance, slightly below the 5.1 per cent
recorded in 2023, reflected the government’s proactive
Overall, Indonesia’s economic performance in 2024
economic management and structural reforms. It stood
reflected a balanced approach to addressing immediate
strong against global headwinds, including persistent
challenges while laying the foundation for long-term
inflation, rising interest rates, and volatile commodity
development. Its ability to navigate global uncertainties
prices.
86 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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while advancing strategic priorities reaffirmed its Sustainability emerged as a priority, with banks directing
position as a key player in ASEAN and a promising funds to renewable energy, sustainable agriculture and
destination for investment. green projects. The issuance of green bonds gained
momentum, reflecting rising demand for sustainable
Banking Industry Review finance. Environmental, social and governance (ESG)
In 2024, Indonesia’s banking sector exhibited remarkable considerations were further integrated into risk
resilience, navigating global uncertainties and domestic management, reinforcing the sector’s commitment to
challenges. The industry achieved robust growth across long-term resilience and environmental stewardship.
key metrics, supported by prudent regulatory oversight,
strong fundamentals and the increasing adoption of In summary, Indonesia’s banking sector balanced
digital banking services. growth, stability and innovation in 2024. Its strong
performance, alongside a focus on sustainability and
Loan growth remained healthy, increasing by 9.8 per digital transformation, reaffirmed its pivotal role in
cent year-on-year, though slightly moderated by tighter advancing the nation’s economic development and
monetary conditions and weaker export-oriented sectors. adapting to evolving consumer and market demands.
Retail and corporate led growth, driven by domestic
demand and activities in manufacturing, infrastructure 2025 Prospect
and renewable energy. Despite a higher interest rate The global economy in 2025 is expected to grow steadily
environment, credit quality remained sound, as reflected but cautiously, with the IMF projecting a GDP increase
in the decline of the non-performing loan (NPL) ratio of 3.2 per cent, and the Organisation for Economic Co-
to 2.1 per cent from 2.2 per cent in 2023, indicating the operation and Development (OECD) forecasting 3.3 per
sector’s strong risk management practices. cent. Growth will be driven by post-pandemic recovery,
though inflation, supply chains adjustments and
Third-party fund collection grew modestly to IDR8,650 geopolitical tensions may weigh on some regions.
trillion. While deposit growth slowed, liquidity remained
sufficient, with a loan-to-deposit ratio (LDR) of 84.2 per While the outlook is broadly positive, challenges such
cent. The capital adequacy ratio (CAR) strengthened to as rising protectionism, currency fluctuations and
28 per cent, providing ample buffers against potential climate change persist. Developing economies reliant on
shocks and underscoring the banking sector’s overall exports remain vulnerable to global trade tensions and
stability and resilience amid challenging conditions. restrictive policies, underscoring the need for resilient
strategies amid uncertain conditions.
Profitability metrics underscored the sector’s strong
performance. The net interest margin (NIM) stood at Indonesia’s economic outlook for 2025 remains positive,
4.9 per cent, supported by effective pricing and cost with projected growth of 5.0 per cent. Resilience stems
management. Pre-tax profits rose by 15 per cent year-on- from domestic consumption, infrastructure development,
year to IDR350 trillion, driven by higher interest income and sectoral recovery in manufacturing and agriculture.
and operational efficiencies. Return on assets (ROA) Both the Asian Development Bank (ADB) and World Bank
ratio improved to 2.8 per cent, cementing Indonesian echo this confidence. Inflation is expected to remain
banks’ position among the region most profitable. within Bank Indonesia’s target range of 1.5 per cent to
3.5 per cent through 2025.
Digital banking expanded rapidly, transforming the
sector’s landscape. Transaction volumes grew by Government initiatives in infrastructure and digital
more than 15 per cent year on year, with total digital transformation will drive economic activity. Sustainable
transactions exceeding IDR60,000 trillion. E-commerce development efforts, including green financing, will
and fintech adoption drove these gains, alongside support long-term growth. The digital economy is set to
a 40 per cent rise in electronic money transactions. expand rapidly, with projected growth from USD77 billion
Heavy investment in technology improved operational in 2022 to USD130 billion by 2025, offering significant
efficiency and enhance customer experiences. opportunities for fintech and e-commerce.
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 87
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Management Discussion and Analysis
Indonesia’s banking sector will focus on digitalisation toward responsible banking. This shift addresses
and sustainability in 2025. Rising funding costs and regulatory demands and rising consumer expectations
competitive pressures in lending may temper growth, but for environmentally-conscious practices, positioning
banks are expected to enhance operational efficiency. Indonesia’s banking sector as a key player in sustainable
High loan-to-deposit ratios and potential interest rate finance.
hikes could reshape competition, promoting innovation
and value-added services for customers. The OJK is expected to maintain strict oversight of capital
adequacy, risk management, and consumer protection.
Digital transformation remains central to the banking Coupled with government priorities on macroeconomic
evolution. Banks will intensify investments in digital stability, digitalisation and green financing, these
platforms, artificial intelligence and blockchain to improve measures will ensure the sector’s resilience and long-
customer experiences and streamline operations. The term growth.
growth of mobile banking and digital payment systems
will advance financial inclusion, extending services to
underserved populations and strengthening the sector’s
role in economic development.
Sustainability will gain prominence within the banking
industry. Green financing, including green bonds
and ESG-driven lending, will align with global trends
88 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Business Overview
Consumer Banking Customers gained access to tools and services designed
to empower their financial decisions while streamlining
transactions and enhancing portfolio management.
Personal Financial Services
In 2024, UOB Indonesia’s Personal Financial Key developments in 2024 include:
Services division, which includes Deposit and Wealth • Enhanced Government IPO Retail Bond Booking via
Management, prioritised delivering innovative financial Personal Internet Banking (PIB).
products and seamless digital experiences. The Bank • Portfolio Advisory Tools (PAT) to give sales teams a
also focused on improving customer literacy in savings comprehensive view of customer portfolios.
and investments to empower customers to make • Single Portfolio View (SPV) to enable digital
informed financial decisions. processing of mutual fund using e-forms.
• Self-Serve Unit Trust (SSUT) allowing customers to
Despite dynamic market challenges, such as geopolitical manage mutual fund transactions independently
tensions, inflation risks and elections in key countries, through UOB TMRW app.
including Indonesia, UOB Indonesia actively supported
customers with timely market updates and advice on In addition, the Bank also introduced new products in
portfolio strategies to help customers optimise their mutual funds, government and corporate bonds, and
financial outcomes. It also expanded its products structured deposits to cater to evolving customer needs.
range to address changing market conditions, ensuring
customers get access to relevant and effective financial Portfolio Counsellor (PC) played a pivotal role in
solutions. supporting sales and branch teams by offering expertise
in portfolio reviews, product knowledge and market
To achieve this objective, we launched several initiatives updates. PC ensured the Sales team had the tools and
such as UOB Savings Week Event, Media Literacy Event, insights needed to provide customers with timely advice
Privilege Conversations and Wealth Moments. We also on products and market trends. PC worked directly with
participated in Regulator Financial Literacy Campaigns customers, conducting portfolio reviews, sharing market
and were active as a Selling Agent for Government Retail insights and delivering educational sessions.
IPO Bonds.
To sustain growth, the Bank launched targeted
Following the November 2023 migration of ex-Citigroup campaigns showcasing new products and services
consumer banking customers, the Bank prioritised tailored to market conditions and customer preferences.
ensuring seamless services continuation to maintain Seamless digital mutual fund transactions and retail
customer satisfaction and loyalty. The Bank also bond subscriptions offered customers convenient,
leveraged UOB TMRW’s capabilities to expand its accessible solutions. By tailoring its offering to individual
customer base, targeting the mass and mass affluent needs and maintaining continuous engagement through
market segments, while also increasing wallet share per education and advisory services, the Bank deepened
customer. customer relationships, built loyalty and reinforced its
position as a trusted financial partner.
Wealth Management Solutions
In 2024, UOB Indonesia’s Wealth Management Solutions Deposit Products
adopted a holistic approach to wealth management, In 2024, UOB Indonesia focused on enhancing its
combining innovative products, advanced digital deposit products with innovative solutions, improved
platforms and dedicated advisory support to help accessibility and exceptional value to meet the diverse
customers manage and grow their wealth. needs of its customers. This approach reflects the
Bank’s commitment to delivering optimised savings and
The Bank is committed to delivering tailored solutions banking experiences for individuals across all segments.
that offer flexibility, convenience and confidence.
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Management Discussion and Analysis
UOB Indonesia offered a range of signature deposit In 2024, the Bank prioritised the growth of its CASA
products tailored to cater specific customer needs: portfolio by:
• One Account: Savings account that offer bonus • Enhancing CASA product usability and benefits to
interest by doing transactions via debit and credit better meet with customer needs.
card. • Hosting events to promote the value of saving and
• Stash Account: Savings account that offers a special drive new account openings.
bonus interest by maintaining or increasing savings • Integrating CASA accounts within the UOB TMRW
monthly to enable seamless fund transfers, payments, and
• PVA Account: Savings account for Privilege Banking account management.
clients that offers attractive interest rate based on
a client’s overall deposits holding and transactional UOB Indonesia went beyond traditional savings by
convenience. introducing tools and features to help customers grow
• Lady’s Account: Savings account with insurance their savings effectively:
protection designed for women • Auto Save Feature: Automatically transfer excess
• Valas Produktif: Savings account in foreign currency funds from TMRW Everyday Accounts to savings
- available in 11 major foreign currencies accounts, encouraging consistent saving habits.
• Gamified Savings via City of TMRW: Offers a unique
Leveraging the UOB TMRW digital platform, UOB experience where customers build a virtual city as
Indonesia enhanced the functionality and accessibility their savings grow, combining financial management
of its deposit products: with interactive management.
• TMRW Everyday Account: Savings account for your
everyday payments and transactional needs. UOB Indonesia continues to strengthen its position as a
• TMRW Savings Account: Savings account to enjoy leader in deposit products by tailoring account features
an attractive interest rate. to align with individual customers’ needs and financial
goals, integrating deposi products with investment
UOB Indonesia actively promoted financial literacy and solutions for a comprehensive financial experience,
customer engagement through initiatives such as the enhancing TMRW account features to enable effortless
UOB Savings Week Campaign held from 2-13 December savings management in an increasingly digital economy.
2024, in Jakarta, Medan, Bandung, and Surabaya. This
campaign emphasised the importance of saving while
offering exclusive benefits to participants. In addition,
the Bank actively participates in literacy campaigns
organised by regulators, aiming to educate the public
on savings and effective money management.
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Home Ownership Credit and Loans on enhancing the customer experience, expanding
product offerings and leveraging digital partnerships.
with Collateral or Secured Product These initiatives included:
& Sales (SPS)
1. Maximising the number of products owned by
UOB Indonesia is dedicated to helping customers customers and leveraging cross-selling opportunities
achieve their dream of homeownership. Our Home across business segments, delivering high-quality
Ownership Credit solutions cater to a wide range of leads, enhancing the Know Your Customer (KYC)
needs, including financing for residential properties, process, and improving customer’s loyalty.
high-rise apartments, shop-houses and office-houses. 2. Expanding partnerships through digital channels
We offer flexible loan facilities and also refinancing and such as online brokers, aggregators and property
loan takeover services, providing tailored solutions for portals, strengthened the Bank’s digital presence
effective housing investing management. and brought it closer to target customers.
3. In a highly-competitive market, the Bank adapted
Key Strategies and Focus Areas to market dynamics by refining its pricing, policies,
In 2024, the Home Ownership Credit and Secured Loans partnerships and product offerings to stay relevant
segment focused on customer-focused strategies, and competitive.
portfolio growth and asset quality improvement. The
Bank implemented several key strategies for Home These measures supported portfolio growth while
Ownership Credit and Secured Loans in 2024, focusing maintaining strong customer relationships.
2024 Strategies Implementation and Performance Highlights
In 2024, the Bank showcased its resilience and commitment to growth, quality and customer satisfaction.
Through strategic initiatives, the Bank effectively navigated market challenges. These efforts were reflected in
the following key implementations and achievements:
• Focusing on Primary and Secondary Properties in WERA
The Bank’s focus on primary and secondary properties in Well-Established Residential
Areas (WERA) and the salaried customer segment yielded significant results in 2024. Key
achievements included:
-- Building high-quality assets while maintaining Non-Performing Loan (NPL) ratios within
acceptable risk tolerance levels.
-- Expanding the WERA strategy by onboarding new property developers and identifying
additional residential areas for inclusion in the secondary home loan portfolio.
• Expanding Product Reach and Cross-Selling Initiatives
-- The Bank implemented targeted cross-selling campaigns, leveraging synergies across its
business segments to deepen customer relationships.
-- Tailored initiatives incentivised collaboration between teams, resulting in improved
customer retention, higher product penetration and stronger overall portfolio growth.
• Enhancing Digital Ecosystem
-- The Bank strengthened its digital presence by partnering with online brokers, property
aggregators and portals. These partnerships allowed seamless engagement with
potential customers, offering them convenience and accessibility at every stage of their
home-buying journey.
-- Social media and website enhancements amplified visibility and streamlined customer
interactions, fostering trust and brand loyalty.
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Management Discussion and Analysis
• Strengthening Developer and Agent Partnerships
-- The Bank expanded its network by onboarding 30 new property developers and 50
property agents in key markets.
-- The Bank facilitated knowledge-sharing events, gatherings and sponsorships to boost
engagement and ensure mutual growth. Developers were provided exclusive access to
UOB’s premium spaces for marketing activities, solidifying these partnerships.
• Managing Risk and Portfolio Quality
-- The Bank employed a comprehensive approach to mitigating risks, including refining
credit underwriting standards, monitoring portfolio performance and streamlining NPL
collections.
-- These efforts ensured that the Non-Performing Loan (NPL) ratio remained within
acceptable limits while promoting robust portfolio growth.
• Market Competitiveness
To stay competitive in a dynamic market, the Bank aligned its pricing and policies with
current trends. It introduced diverse pricing packages tailored to customer needs, ensuring
both affordability and profitability.
Priorities for 2025 Simplify application procedures and accelerate
The key objectives for 2025 will focus on building upon the processing times to ensure customers access to
successes of 2024 while proactively addressing market financing without compromising on the Bank’s
needs and leveraging technological advancements. principles of risk management and compliance.
1. WERA and Salaried Segment Expansion 4. Enhancing Asset Quality and Growth
• UOB Indonesia will continue prioritising primary • The Bank will refine its approach to risk
and secondary home loans for properties within management by leveraging data analytics and
Well-Established Residential Areas (WERA). market insights to strengthen its credit policies
• Efforts will include increasing empaneled and maintain portfolio health.
projects with property developers and assessing • A focus on competitive pricing, supported
additional residential areas to expand the WERA by innovative financing solutions, will ensure
footprint. This will allow the Bank to maintain sustained growth and customer satisfaction.
its position as a leader in quality secured asset
financing. 5. Training and Development
Invest in technical and soft skill training such as
2. Digital Transformation and Customer Experience public speaking, service excellence and Microsoft
• The Bank will develop advanced digital Excel, for sales teams to enhance service quality and
acquisition channels through deeper improve performance.
collaborations with property tech platforms,
streamlining application processes and 6. Sustainable Growth
reducing approval times. Focus on long-term strategies including digital
• By integrating user-friendly tools and platforms, innovation, high-quality partnerships and risk-
UOB aims to enhance the customer journey aware product offerings to balance growth with
while ensuring adherence to prudent banking sustainability
practices.
3. Customer-Centric Innovations
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Credit Cards and Payments
Our diverse range of credit cards ensures there are options for everyone, offering personalised benefits and
rewards designed to suit various lifestyles and preferences.
UOB Zenith Card
Discover the Pinnacle of Privilege
High Net Worth Individuals
• One airline mile for every IDR7,500 spent (local and overseas spend)
• Complimentary 1-night stay for a 4-night reservation, up to 5 times
per year.
• Complimentary airport transfers up to 5 times per year.
• Complimentary airport lounge access up to 5 times per year.
• Travel insurance up to IDR25 billion.
UOB PRIVIMiles Card
Your PRIVI Partner in Miles
Affluent Travelers
• One airline mile for every local spend of IDR10,000 or overseas
spend of IDR4,500 for Singapore, Malaysia, Thailand and Vietnam,
IDR8,000 for transactions in other foreign currencies, IDR10,000 for
transactions in Indonesian currency.
• Complimentary access to airport lounges up to 2 times per year.
• Travel insurance benefits of up to IDR25 billion.
UOB Preferred Card
Your Preferred Rewards, Unlocked
Mass Affluent
• 1x UOB Point for every retail transaction of IDR1,000.
• 3x UOB Points for every retail transaction of IDR1,000 in the fashion,
department store, restaurant categories, and overseas transactions.
• Travel inconvenience protection benefits of up to IDR10 million.
• Overseas medical expense protection benefits of up to IDR150 million.
UOB Lady’s Card
Unstoppable Together
Ladies
• Lady’s Day:
-- Up to 50% discount at selected salons (on Wednesdays).
• Lady’s Reward:
-- 3x UOB Points for every IDR1,000 spent at supermarkets, online
shopping, department stores, and fashion boutiques.
• 0% Luxe Pay:
-- 0% installment plan for up to six months on fashion and
department store purchases.
• Lady’s Moment:
-- Exclusive access to events specially held for Lady’s Card members.
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Management Discussion and Analysis
UOB One Card UOB TMRW Credit Card
It takes ONE for your loved ones MakeTMRWyours
Young Families The Digital Generation
• Cashback up to 5% on all • Up to six per cent cashback
spending categories. for selected categories.
• Education Installments 0%
installment plan for up to six • Flexible installment
months. payments.
• Free Personal Accident • Credit card limit control.
Insurance Coverage of up • Online card service.
to IDR600 million for the
cardholder and family (spouse
and two children).
UOB YOLO Card
Better YOLO than LATER
Millennials
• YOLOyalty: Earn a YOLOyalty balance of IDR20,000 for every five retail
transactions of IDR100,000. The YOLOyalty balance can be redeemed
for various e-vouchers and e-wallet/e-money credits.
• YOLO Traveling: 0% installment plan for up to six months on hotel and
travel transactions.
• Free Annual Fee Every Year by making retail transactions of IDR100,000
per month for 12 consecutive months from the card approval date.
Garuda Indonesia UOB Card
From Shops to Skies
Affluent Travellers
• Extra baggage allowance of 20Kg.
• 3x GarudaMiles for transactions with Garuda Indonesia.
• 2x GarudaMiles for other retail transactions.
• Dedicated check-in counter service at Soekarno-Hatta and Ngurah Rai
airports.
• 10% discount on award ticket redemption.
• Travel insurance coverage of up to Rp25 billion.
UOB Telkomsel Card
Lifestyle Connected
Mass Market
• Buy 1, get 2 Cinema XXI tickets every Saturday.
• Bonus roaming package for Southeast Asia, Asia, Australia, America,
and Europe.
• 3x UOB Points for payments of Telkomsel Halo via UOB Bill Payment,
foreign currency transactions, and transactions in the Fashion, Dining,
Department Store, and Cinema XXI categories.
• Earn 1 UOB Point for every retail transaction of Rp2,000.
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Credit Cards And Payments
UOB GPN Debit Card
Mass Market
• Cash withdrawal at all Automated Teller Machine (ATM) with the
Visa/ Plus, Prima, ATM Bersama logos throughout the world.
• Retail transactions at domestic merchants.
UOB VISA Debit Card Reguler
Mass Market
• Cash withdrawal at all ATMs with the Visa/Plus, Prima, ATM Bersama
logos throughout the world.
• Cash withdrawals at UOB’s ATMs across the region free of charge.
• Payment of credit card bills, electricity bills, and other necessities via
UOB ATM.
• Safe and easy transactions with contactless features all over the
world.
UOB VISA Debit Card Wealth
Wealth Banking Customers
• Cash withdrawals at all ATMs with the Visa/Plus, Prima, ATM Bersama
logo throughout the world.
• Cash withdrawals at UOB’s ATMs across the region free of charge.
• Payment of credit cards bills, electricity bills, and other necessities
via UOB ATM.
• Safe and easy transactions with Contactless Features worldwide.
UOB VISA Debit Card Privilege Banking
Privilege Banking Customers
• Cash withdrawals at all ATMs with the Visa/Plus, Prima, ATM Bersama
logo throughout the world.
• Cash withdrawals at UOB’s ATMs across the region free of charge.
• Payment of credit card bills, electricity bills, and other necessities via
UOB ATM.
• Safe and easy transactions with Contactless Features worldwide.
• Access to Privilege Banking Centre with executive services.
• Free reserved parking at UOB Indonesia branches.
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Management Discussion and Analysis
Strategies and Performance in 2024
In 2024, UOB Indonesia focused on strengthening its credit card and payment solutions,
addressing diverse customer needs and enhancing the user experience across all stages of the
customer lifecycle. This was achieved through:
1. New Product Launches and Feature Revamps
• The Bank introduced innovative credit card products, including the
Garuda Indonesia UOB Card, UOB Zenith Card and an enhanced UOB
PRIVIMiles Card, catering to the renewed demand for travel and leisure
in the post-pandemic era.
• The launch of the UOB Telkomsel Card targeted young professionals,
integrating lifestyle and entertainment features to meet the expectations
of a tech-savvy and digital-first demographic.
2. Empowering Women-Centric Offerings
UOB refreshed the UOB Lady’s Card with the tagline “Unstoppable
Together,” emphasising limitless opportunities for women within a supportive
ecosystem designed to address their multifaceted roles and aspirations.
3. Enhancing the Rewards Experience
The Bank launched UOB Rewards+ on the UOB TMRW app, delivering a
seamless and rewarding redemption experience. Customers could access an
extensive catalog of deals and promotions, boosting loyalty and deepening
engagement.
4. Building Strategic Partnerships
• The Bank amplified its presence through regional campaigns such as
ASEAN Connectivity and 1000+ Deals initiatives, enabling cardholders
across Singapore, Malaysia, Thailand, Vietnam and Indonesia to enjoy
exclusive benefits in Indonesia.
• The Bank forged partnerships with leading brands in travel, retail
and entertainment, driving customers engagement through exclusive
campaigns tied to global events such as Taylor Swift and Ed Sheeran
concerts.
5. Driving Marketing Innovation and Transaction Growth
• Innovative marketing initiatives targeted increased card usage and
loyalty, focusing on out-of-the-box offers, geographic portfolio
diversification beyond Jakarta and introducing unique offers and
extended installment plans.
• Seamless integration of the ex-Citi and UOB customer bases ensured a
smooth transition, maintaining strong engagement levels and unlocking
additional opportunities.
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Personal Loan and CashPlus Strategy in 2024 2. Accelerating CashPlus Growth and Bundling
With the discontinuation of Personal Loans in October Opportunities
2023, UOB Indonesia streamlined its unsecured lending • Cross-sell CashPlus with other banking products
strategy, focusing on CashPlus as its flagship product. such as housing loans, payroll services and
Key initiatives included: funding solutions to deliver comprehensive,
• Stabilising the loan portfolio with competitive bundled offerings.
installment loan offerings. • Streamline onboarding journeys that combine
• Actively cross-selling CashPlus to credit card CashPlus with credit cards to deepen customer
customers to increase product adoption and deepen engagement and drive portfolio growth.
customer relationships. • Offer competitive rewards and benefits to retain
existing CashPlus customers and strengthen
Priorities for 2025 loyalty.
Building on the success of 2024, the Bank will focus
on growth, innovation and customer-centricity through 3. Enhancing Customer Experience
these strategic priorities: • Simplify and digitise onboarding and
transaction processes across all products,
1. Advancing Credit Cards and Payments Solutions delivering seamless and efficient experience
• Continue to innovate credit card features to that exceed customer expectation.
align with evolving customer needs, leveraging
digital platforms to deepen engagement. 4. Sustainaining Portfolio Growth
• Strengthen partnerships in key industries such as • Align product strategies with market trends
e-commerce, travel, dining and entertainment to and evolving customer needs to drive
deliver exclusive benefits and drive transaction sustainable growth while adhering to sound risk
volumes. management practices.
• Expanded the appeal of regional campaigns
like ASEAN Connectivity to position UOB as a
regional leader in payment solutions.
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Management Discussion and Analysis
Wealth Banking and Privilege Strategies in 2024
In 2024, UOB Indonesia focused on expanding its Wealth
Banking Banking segment through innovative strategies focused
Our Wealth Banking and Privilege Banking teams
on acquiring new customers, enhancing portfolio quality
empower emerging and affluent customers to take
and deepening engagement. Key initiatives included:
control of their finances with confidence and clarity. We
guide them in planning, saving, spending and investing,
1. Expanding the Customer Base
so that they can achieve their financial goals.
• UOB launched acquisition programmes offering
welcome bonuses to attract new-to-bank (NTB)
We offer savings accounts, current accounts, time
customers, while upgrading personal banking
deposits and insurance solutions that protect and grow
clients with total managed funds above IDR 100
wealth. By tailoring our services to individual needs, we
million to Wealth Banking.
deliver clear and effective financial solutions for every
• The team leveraged cross-selling opportunities
stage of life.
by targeting existing credit card customers
eligible for the Wealth Banking segment.
Wealth Banking
Wealth Banking supports emerging affluent individuals
2. Enhancing Portfolio Quality
with a minimum total portfolio of IDR100 million. These
• UOB embedded its “Risk-First Approach” into
customers focus on building strong financial foundation,
its value proposition, providing competitive,
growing their savings and making smart investments to
tailored solutions to retain and attract
expand their wealth.
customers.
• A new monthly Wealth Banking newsletter
Using our Risk-First Approach and working closely
keeps customers and employees informed and
with dedicated Relationship Managers, we customise
engaged with the latest market updates and
investment strategies to match their goals, priorities and
insights.
risk appetite. This ensures responsible wealth growth
• Year-end loyalty benefits such as hampers for
while helping customers achieve their unique aspirations.
select clients, reinforced customer retention and
demonstrated appreciation.
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3. Strengthening Customer Engagement 2025 Priorities
• Tailored portfolio management initiatives and UOB Indonesia is committed to driving growth and
exclusive lifestyle events deepened customer enhancing services across its Wealth Banking and
relationships and reinforced trust. Privilege Banking segments in 2025. Key priorities
• Wealth Banking created a pipeline for Privilege include:
Banking, strategically upgrading eligible clients
to the next segment. 1. Optimising Service and Network
• By 2027, UOB will operate 12 Privilege Banking
4. Enhancing Value Proposition Centres across six major cities, streamlining its
• UOB introduced targeted acquisition network for greater efficiency.
programmes and expanded the range of • Relationship Managers and Client Advisors
exclusive events to align with clients’ preferences. will receive enhanced training to provide
• Loyalty rewards including personalised year- personalised advice, helping customers protect
end gifts, elevated customer satisfaction and and grow their wealth.
retention.
2. Driving Portfolio Growth
Privilege Banking • UOB will accelerate acquisition programmes to
Privilege Banking caters to high-net-worth individuals attract NTB customers and encourage existing
with assets under management starting from IDR1 billion. customers to increase balances and explore
This segment delivers sophisticated financial solutions additional products.
and exclusive benefits, offering a premium banking • Marketing efforts activities will stay aligned with
experience tailored to the unique needs and aspirations customer needs and evolving market conditions.
of affluent customers.
3. Strengthening Value Proposition
We focus on managing wealth with care and precision, • The “Risk-First Approach” will remain central
combining tailored offerings with personalised to Wealth and Privilege Banking strategies,
attention. Dedicated Client Advisors use UOB’s unique ensuring UOB’s services stay relevant and
Risk-First Approach to align investments strategies with competitive.
the client’s goals, priorities and risk tolerance, ensuring • Key offerings will be communicated to both
effective and responsible wealth management. employees and customers, introducing UOB’s
position as a trusted wealth management
Privilege Banking goes beyond traditional financial partner.
services. Customers enjoy exclusive privileges such as
medical concierge services, limousine transfers, annual 4. Advancing Digital Innovation
medical check-ups, safe deposit boxes, and thoughtful • UOB will enhance product and system
gifts for birthdays and festive occasions. Customers capabilities through the UOB TMRW digital
also benefit from access to UOB Privilege Banking platform, delivering a seamless and improved
Centres across the regions. This seamless combination customer experience across all touchpoint.
of bespoke tailored financial solutions and premium
lifestyle benefits reflects our commitment to supporting These priorities reflect UOB’s commitment to empowering
customers’ financial goals while enhancing their success customers with innovative solutions and exceptional
and status in life. service, supporting their financial success in the years
ahead.
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Management Discussion and Analysis
UOB TMRW Digital Bank To drive engagement, UOB TMRW continuously added
In 2024, we sharpened our focus for UOB TMRW to new billers, improved QRIS payment capabilities and
enable acquisition at scale, competitive cost and enhanced Smart Insights and Rewards+ as part of its
engagement for customers. These guided the Bank’s loyalty programme. At the same time, the Bank also
efforts to expand features and services, catering to strengthened the security features by implementing
the diverse needs of customer ranging from everyday Anti-Remote Access Detection feature, which scans for
banking to long-term wealth management. UOB TMRW malware to ensure a secure digital banking experience.
actively enhanced its offerings to elevate customer
experiences and strengthen its market position. By In realising these strategies, the following are key
integrating wealth, savings, and insurancePersonal initiatives taken during 2024:
Financial Services products into the app, we aim to make
UOB TMRW customers’ go-to platform for financial 1. Expanding Financial and Non-Financial Features
transactions, driving deeper engagement and fostering • Credit Card and Loan Services: Introduced Digital
digital activity. CashPlus for quick access to credit and flexible
repayments, as well as limit management.
Strategy : Enhancing Features and Services in • Smart Insights: Delivered enhanced personalised
2024 financial insights through reminders and
We significantly enhanced UOB TMRW in 2024, notifications, based on customer financial
prioritising customer convenience and financial behaviour.
empowerment, including the launch of Digital CashPlus
to serve the new UOB CashPlus customers from the 2. Enhancing User Experience (UI/UX)
Citigroup consumer banking portfolio. • Seasonal Login Screen: Consistently aligned
with UOB promotional campaigns and seasonal
Additional features such as Instalment conversion activities.
options, Temporary and Permanent Credit Limit • Improved Navigation: Enhanced app layout
adjustments and a Real-Time Expense Tracker, provided for intuitive account management and service
advanced digital solutions tailored to diverse financial exploration.
needs.
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• Smart Assistant: Leveraging chatbot to resolve 4. Enhancing UOB TMRW Security
queries quickly through Tomorrow Intelligent • To combat the rising threat of cyber-security
Assistant (TIA), and ensuring seamless such as malware and other unverifieduntrusted
handovers for complex issues. apps.
3. Expanding Digital Wealth Features 5. Boosting Customer Engagement
• Wealth Portfolio View: Enabling customer to see • Personalised Rewards: Launched various
the whole portfolio including CASA, Deposit, campaigns tailored to customer preferences.
Wealth and Insurance in one view. • Expanding Partnerships: Added billers,
• Self-Serve Unit Trust: Soft launch to some merchants and payment partners for greater
customers to enable them to buy, sell and switch transactions convenience.
mutual fund via UOB TMRW app.
Performance in 2024
UOB TMRW achieved significant milestones in 2024, reinforcing its
reputation as a dynamic and customer-focused digital banking app. UOB
TMRW has achieved an impressive 27 per cent growth in its users, and
22 per cent growth in number of Digital CASA compared to 2023. This growth highlights the
platform’s ability to attract a diverse audience seeking modern and intuitive digital banking
solutions.
On top of these achievements, customer satisfaction remained a priority where we achieved a
Net Promoter Score (NPS)* of +59. Customers praised the app’s user-friendly interface, robust
security and responsive customer support.
*) The NPS is an independent metric used by the industry to measure customer satisfaction level and the likelihood that customers will
recommend our products and services to others.
Future Plans for 2025 retail products through the UOB TMRW app, making it
Building on its achievements, UOB TMRW has outlined seamless and efficient. Additionally, improvements to
a strategic roadmap for 2025 to further enhance its transaction features will address customers’ payment
digital banking capabilities and elevate customer needs while aligning with regulatory roadmaps. Through
experience. A key focus is enabling Digital Wealth collaboration with various stakeholders, UOB TMRW
capabilities for all customers, ensuring broader access aims to solidify its position as one of the best digital
to wealth management products and services. The Bank banking platforms in ASEAN.
will continue to refine its digital onboarding process for
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Management Discussion and Analysis
Wholesale Banking 3. Energy & Chemicals: encompasses oil; gas;
Wholesale Banking is committed to contributing to chemicals; coal; power; industry service providers.
Indonesia’s economic growth by connecting businesses 4. Construction and Infrastructure: includes contractor;
across the region, as well as supporting investment building material supplier; transportation/
flows along trade corridors and foreigndirect investment infrastructure; utilities/energy.
(FDI) into Indonesia. 5. Telecommunication, Media, and Technology.
6. Real Estate and Hospitality (focused on selective
Working closely with various trading partners globally, opportunities).
we also help to facilitate the country’s export and
import activities. We offer tailored products and Appointed a foreign direct investment (FDI) advisory
services to companies and institutions, enabling them unit specialising in Chinese investors and established a
to manage their business operations, cash flow, market dedicated branch in Sopo Del to capture new business
expansion and capital needs better. In addition, we also opportunities. Our commitment to sustainability was
provide solutions to help our clients mitigate trade and reinforced by implementing a green or sustainable
commodity risks. screening tool for credit proposals, leading to IDR4,113
billion in sustainable loans by December 2024, a 154 per
cent growth, surpassing internal targets.
Corporate Banking
Corporate Banking remains committed to delivering Amid rising competition among local banks, Corporate
comprehensive financial solutions tailored for large Banking achieved a 50 per cent credit growth and a 15
corporations and state-owned enterprises (SOEs). per cent increase in CASA balance, driven by higher credit
Leveraging UOB’s cross-border connectivity and deep utilisation, new credit pipelines and aggressive client
industry expertise, the Bank provides trade finance, acquisition. As of December 2024, the Non-Performing
cash management and structured lending services to Loan (NPL) ratio remained at zero, reflecting the Bank’s
support customer’s growth and expansion. Our focus is disciplined approach to risk. Looking ahead, Corporate
on fostering long-term partnerships, offering innovative Banking aims to expand its new-to-bank (NTB) clients
solutions that address evolving business needs, base with strong CASA potential, accelerate pipelines
particularly in industrial parks, sustainable financing closures, focus on high-growth industrial sectors, and
and export-driven industries. adopt a selective approach towards low-utilisation
customers.
2024 Performance Results
In 2024, the Bank prioritised expanding its new-to- 2025 Priorities
bank (NTB) client base, targeting key industries such as For 2025, the Bank’s priorities include:
industrial parks and the electric vehicle supply chain. • Increase Cross-Selling and Up-Selling: Strengthen
A key strategic focus was promoting green loans, relationships with existing customers through
sustainability-linked financing and transition financing tailored financial solutions based on segmentation
in alignment with UOB’s sustainability agenda. (key, active, and inactive customers).
Additionally, the Bank leveraged its regional presence • Expand New-to-Bank (NTB) Client Base: Acquire
and ecosystem connectivity to enhance deal flows and high-credit-quality customers in key sectors such as
cross-border trade opportunities. To accelerate deal industrial parks, SOEs and export-driven industries.
closures, we collaborated closely with product partners • Leverage Regional Connectivity: Utilise UOB’s
and Corporate Credit teams, streamlining approval Asian network to capture FDI opportunities, expand
processes. export proceeds, and enhance cash management
services, particularly in mining and plantations.
The Bank focuses on six business sectors: • Strengthen Market Presence: Actively engage with
1. Industrials: includes auto and machinery, equipment industry associations, participate in conferences
and components (MEC); metals and mining; and and seminars and enhance visibility among key
diversified industries; stakeholders.
2. Consumer Goods and Healthcare: covers food and • Enhance Product Capabilities and Processes:
agriculture; household and personal care, cosmetics; Improve product offerings and end-to-end processes
pharmaceutical; medical devices; and healthcare to accelerate deal closures and enhance customer
providers.
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experiences. Strategies, Activities, and Performance in
• Maintain Asset Quality: Adopt a prudent client 2024
acquisition approach, closely monitor portfolio In 2024, we support customers with digital banking
performance, and collaborate with the Special Asset by providing Infinity as the solutions. Leveraging our
Management (SAM) to manage NPL risks. expertise in nine targeted industries, we participated
• Invest in Talent: Recruit an additional FDI Advisor in key industry events and established a Commercial
with expertise in Chinese investors, supported by Banking Acquisition Team to explore new opportunities
two Relationship Managers to ensure knowledge in these sectors. To drive growth and foster collaboration,
transfer and business continuity. we collaborate with customer to build supplier-buyer
ecosystem in order to create business opportunity.
Commercial Banking Our tailored liquidity and working capital solutions
The Bank’s Commercial Banking provides tailored addressed customers’ specific financial needs, while
solutions to support the growth of medium-sized customer acquisition efforts focused on selective target
corporate customers, addressing both local and regional market and driven by community events, supplier-buyer
operational and liquidity needs. Services includes cash collaborations, and partnerships with the Channels
management, Financial Supply Chain Management Team. Additionally, we prioritised the growth of low-cost
(FSCM), financing, and investment banking, designed to CASA by promoting operating accounts and innovative
meet the diverse business requirements. solutions like UOB Infinity. To support sustainable
business growth, we actively promoted Green Financing
The FSCM programme ensures stable supply chains initiatives and hosted sustainability-focused events.
through end-to-end working capital management and
trade facilities, aligning closely with customer needs. Priorities in 2025
In collaboration with Transaction Banking and Global In 2025, we aim to drive core business growth by
Markets, the Bank offers integrated services such as expanding CASA and Trade Loan portfolios while
trade financing, global markets products, and Cash increasing fee income through Global Market products,
Management solutions, optimising liquidity and working leveraging UOB Group’s extensive regional connectivity.
capital.
We will strengthen our commitment to sustainability
The Bank serves a wide range of clients, including by emphasising green financing and sustainable
consolidated companies, family-owned businesses, financial products aligned with global environmental
multinational corporations, and public companies, objectives. To support business expansion, we will
supported by Group Relationship Managers and provide tailored advisory services to customers seeking
Field Relationship Managers. With a credit portfolio to grow across UOB Group’s network, facilitating cross-
exceeding 50 per cent, the Bank adopts a personalised, border opportunities and market entry. Additionally, we
customer-focused approach. will enhance cash and supply chain management by
focusing on innovative Cash Management Products and
Lending is concentrated across key sectors, including FSCM solutions to improve clients’ operational efficiency
Automotive and Spare Parts, Chemical, Construction, and liquidity.
Crude Palm Oil and Processing, Non-Steel Metal,
Petrochemical and Plastic, Pulp, Paper and Paper
Packaging, Food and Beverage, and Pharmaceutical.
The Bank’s strategic focus is on nine priority industries,
leveraging sector expertise to deliver tailored solutions
while selective exploring growth in other areas. In the
petrochemical, plastics, pulp, paper, and packaging
sectors, the Bank prioritises lending to companies
contributing to the food and beverage supply chain,
recognising their role in sustainable growth and food
security.
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Management Discussion and Analysis
Financial Institutions Group
The Financial Institutions Group (FIG) at UOB Indonesia provider, fostering long-term partnership built on trust,
specialises in delivering a comprehensive suite of banking understanding and mutual growth. Through proactive
products and services tailored to financial institutions, engagement and continuous innovation, we help clients
including banks, non-bank financial institutions (NBFIs) navigate the complexities of the financial landscape
and global funds and financial sponsors (GFFS). We and achieve their strategic objectives.
provide bespoke solutions aligned with each client’s
unique business goals, supporting both domestic and FIG also supports UOB Indonesia’s mission of driving
international clients. Leveraging UOB’s regional network regional growth and connectivity. By maintaining strong
and expertise, we ensure seamless cross-border support. correspondent banking relationships, we enable trade,
foreign exchange and cash management transactions,
Collaboration underprins our approach. The FIG team strengthening UOB Indonesia’s presence in key markets.
works closely with our Global Markets and Transaction
Banking teams to design and deliver integrated solutions
such as alternative funding mechanisms, structured
lending arrangements and innovative treasury products.
We aim to be a trusted, holistic banking solutions
Strategies and Performance in 2024
In 2024, we:
• Intensified business relations with priority customers by distributing prudent credit
facilities from leading multifinance, securities and GFFS companies, aiming for stable
loan growth and healthy asset quality.
• Maintained efficient funding balance with lower cost of funds from our diversified client
base, especially NBFIs such as insurance, asset management, securities company, GFFS,
and pension fund sectors, by actively offering our Internet banking solution (UOB Infinity),
virtual account, e-tax and back-to-back loan product.
• In 2024, the total loans book from FIG increased substantially by 128 per cent year-on-
year, closing the year at equivalent IDR8.77 trilion
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Priorities in 2025
In 2025, we are committed to driving growth and stability by actively expanding our funding portfolio. Our focus
is on securing stable funding sources while fostering partnerships with key stakeholders such as securities firms,
insurance providers, asset management companies and pension funds. By enhancing collaboration and increasing
CASA balances, we aim to reduce the cost of funds and strengthen our financial foundation. While we continue to
selectively onboard new clients, our primary goal is to deepen relationships with our existing customers. Through
strategic cross-selling and uncovering new opportunities, we aspire to meet their evolving needs and offer holistic
financial solutions.
In addition, we are dedicated to growing our short-term and long-term loan portfolios by partnering with reputable
multifinance and securities companies, as well as GFFS clients, leveraging both bilateral loan agreements and
syndications. At the core of our strategy, we remain vigilant in maintaining a stable profit margin, carefully aligning
with prevailing interest rate conditions and the broader banking system’s liquidity. Together, these efforts will ensure
sustainable growth and value creation for all stakeholders.
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Management Discussion and Analysis
Business Banking Recognising the growing demand for digitalisation,
The Bank’s Business Banking aims to be the leading the Bank developed comprehensive digital payment
financial partner for Small and Medium Enterprises solutions aligned with market trends and SMEs’
(SMEs) in Indonesia. By offering customised and evolving needs. These innovations reinforced the Bank’s
comprehensive solutions, the department helps SMEs commitment to empowering SMEs through advanced
streamline operations, manage finances effectively, service that drive efficiency and sustainable growth.
and achieve sustainable development across various
industries. In 2024, Business Banking saw a shift in total income
compared to the previous year. Funding recorded at
Strategies and Performance in 2024 IDR14.28 trillion contributed by 20.6 per cent of CASA
In 2024, the Bank prioritised the expansion of its growth.
flagship BizSmart digital ecosystem, collaborating
with ecosystem partners to provide holistic solutions Priorities in 2025
for SMEs. These efforts were reinforced through joint In 2025, the Bank aims to strenghten its position as
sales acquisition events, and promotional campaigns, a trusted financial partner for SMEs in Indonesia by
ensuring broader market penetration and enhanced fostering deeper collaborations with ecosystem partners.
visibility for the Bank’s offerings. These partnerships will deliver integrated banking and
beyond-banking services, addressing SMEs’ unique
To strengthen its lending portfolio, the Bank launched challenges and empowering sustainable growth.
innovative working capital financing products secured
by bonds, targeting diverse sectors. Enhanced trade A key focus will be the development of holistic banking
facilities with improved features and a focused sales solutions that extend beyond traditional financial
strategy further addressed SMEs’ financing needs. services. The Bank plans to integrate advanced digital
Initiatives promoting UOB’s Transaction Banking tools, customised financing products, and comprehensive
capabilities positioned the Bank as the preferred choice business management platforms to create a unique
for operating accounts. Digital-driven campaigns with value proposition for SMEs.
deeper integration into solutions such as H2H, APIs, and
cross-sell opportunities, contributed to sustainable CASA Through these initiatives, The Bank reaffirm its
balance growth by increasing customer engagement commitment to innovation, enhancing customer
and portfolio stickiness. experiences, and driving economic progress within
Indonesia’s SME sector. These efforts will position
The Bank also expanded its presence in the business the Bank as a leader in supporting SME growth and
property credit market by partnering with new property operational efficiency.
developers and agents in key cities to offer competitive
financing for SMEs. For existing customers, proactive
cross-selling strategies, competitive pricing, and process
enhancements ensured retention and satisfaction.
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Transaction Banking processing compared to traditional batch payments.
At the core of the Bank’s Transaction Banking services Customers benefit from near-instant updates on
is our commitment to supporting corporate customers payment statuses and fund availability through the
in enhancing liquidity, streamlining operations and Account Service API and Credit Notification API.
optimising working capital. Leveraging UOB Group’s
regional network and advanced technology, we deliver The Account Service API also offers a comprehensive
seamless solutions in cash management, trade finance suite of features, including balance enquiries,
and financial supply chain management (FSCM), fully bank statements and notifications. The Credit
integrated into clients’ value chains. Notification API provides immediate alerts when
funds are credited to accounts, enabling real-
Cash Management time reconciliation and improving the efficiency of
Our Cash Management solutions simplify business collection processes.
finances operations, helping customers optimise
cash flow, improve payment efficiencies and enhance UOB API services form part of our broader initiative
collections. In 2024, we enhanced our digital channels to help businesses transition to a fully digital,
and implemented Bank Indonesia’s BI-FAST system cashless ecosystem. By delivering automated, cost-
for bulk transfer, enabling faster and more efficient effective solutions, we empower clients to streamline
transactions. operations and reduce their reliance on manual
processes.
UOB Indonesia remains dedicated to driving digital
transformation, empowering businesses to focus on Trade Finance
growth. The Bank’s Transaction Banking team continued Our Trade Finance services provide a comprehensive
to enhance its service offerings in 2024, incorporating suite of products designed to help customers navigate
innovative technologies and leveraging UOB Group’s the complexities of both domestic and international
regional expertise to deliver integrated and effective trade. By mitigating trade-related risks and offering
financial solutions. expert guidance, we empower customers to unlock new
opportunities for business growth.
a. UOB Infinity
Launched in November 2022, UOB Infinity integrates With a continuous focus on enhancing the customer
cash management, trade finance and FSCM into experience, we have simplified trade processes, enabling
one digital platform. Featuring BI-FAST, it supports faster and more efficient transactions.
real-time payments with reduced fees. Users benefit
from intuitive tools, real-time tracking and alignment In 2024, as part of our ongoing digitalisation strategy for
with updated tax payment regulations from the trade, we introduced a guarantee validation system. This
Ministry of Finance and the Directorate General of innovation improves operational efficiency by enabling
Tax, ensuring seamless, transparent and efficient beneficiaries to easily validate guarantees issued by
financial transactions. the Bank, enhancing transparency and simplifying
reconciliation processes.
b. UOB API Services
Introduced in 2023, UOB API Services, based on the Furthermore, our integration of Open Account Trade
SNAP (Standard Nasional Open API Pembayaran) Facilities into UOB Infinity’s FSCM platform has optimised
framework, enable real-time payments via BI-FAST trade processes, creating a fully integrated system that
and in-house transfers. These APIs support a range connects front-end and back-end operations seamlessly.
of transactions, providing instant status updates,
reconciliation efficiency, and comprehensive a. UOB Infinity Financial Supply Chain Management
account features. (FSCM)
Launched in September 2023, UOB Infinity’s FSCM
By allowing customers to initiate real-time payments capabilities enables seamless interaction across
to any account within participating BI-FAST banks, supply chains in Indonesia, ASEAN, and China. In
the API services provide faster, more efficient 2024, we introduced Open Account Trade Facilities,
providing customers complete visibility and control
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Management Discussion and Analysis
over trade and cash flow activities, ensuring effective working capital management for import and export
operations.
b. Green Trade Finance/Sustainable Trade Finance
UOB Indonesia supports businesses in integrating environmental, social and governance (ESG) principles
into their trade strategies through Green and Sustainable Trade Finance. Our framework defines eligibility for
sustainable financing, covering Documentary Trade, Open Account Financing and FSCM. These offerings help
clients incorporate sustainability into their operations, reinforcing their commitment to responsible business
practices.
Awards and Recognition
The continuous innovation and exceptional service provided by Transaction Banking were recognised in 2024
through several prestigious accolades, such as:
Triple A Best Bank Awards: Triple A Solution Awards:
• Best Services Provider - Trade • Best Supply Chain Solution Indonesia
Finance Indonesia • Best Cash Management Solution
Indonesia
• Best Payments and Collection
Solutions Indonesia
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Global Markets -- Principal Guaranteed Deposit (PGD) Premium
The Bank’s Global Markets delivers tailored solutions Growth: Introduced as a structured investment
across a range of foreign exchange (FX), interest rate product offering capital protection and higher
and investment products including FX transactions, returns than traditional deposits.
derivatives, structured investment products, securities -- Corporate Bond Expansion: Broadened the
and money market services. Advanced hedging bond portfolio to include lower investment-
solutions, investment options and currency conversion grade bonds, enabling greater diversification
services enable customers to optimise their financial opportunities.
strategies. Additionally, Global Markets underpins the -- Primary Dealer Appointment: Designated by
Bank’s financial stability through disciplined liquidity Bank Indonesia as a primary dealer, reinforcing
and risk management. the Bank’s role in developing robust and liquid
Indonesian money and FX market.
Operating through an integrated framework, the
segment combines market-making, portfolio and liquidity • Integration of Citigroup’s Consumer Banking
management, structuring, and business management. Business
Dedicated sales teams address the needs of diverse The integration of Citigroup’s consumer banking
customer segments including Corporate Banking and portfolio significantly enhanced the retail customer
Financial Institutions Group (FIG) customers, and also base. This enabled the introduction of a broader
Commercial Banking, Business Banking and Retail range of products, including FX, structured
customers, ensuring personalised and effective solutions. investments and various government and corporate
bonds, which caters to evolving customer needs.
Strategies, Activities, and Performance in
2024 • Customer Base Expansion and Revenue Growth
The Bank strengthened its position as a trusted partner Despite challenging economic conditions, the Bank
by enabling customers to achieve optimal investment leveraged its expanded retail base to deliver tailored
returns, diversify portfolios and manage risk through products and services, ensuring sustainable revenue
innovative investment products and hedging strategies. growth while managing risk exposure effectively.
In 2024, we remained committed to deepening customer • Centre of Excellence
relationships and to do right by our customers through The Centre of Excellence fostered collaboration
various market cycles: across market-making, portfolio and liquidity
1. Proactively assisting customers in managing risk management, structuring, and sales teams. This
exposure through portfolio hedging to mitigate ensured competitive and comprehensive solutions
market volatility. Expanded offerings of government tailored to customer needs.
bonds for customers with conservative risk profiles.
2. Introducing structured investment products for • Cross-functional Partnerships
customers seeking higher returns than that of Enhanced cross-departmental collaboration and
traditional term deposits. cross-selling initiatives expanded the customer base
3. Leveraged the MUREX treasury system to introduce and increase fee-based income.
advanced products, improve operational efficiency
and strengthen risk management. • Risk Exposure Management
A disciplined approach to risk management,
Activities in 2024 included: supported by proactive hedging strategies, enabled
• Product Development and Innovation the Bank to capitalise on market opportunities while
The Bank focused on product innovation to deliver mitigating volatility risks.
excellent performance and enhanced capabilities.
Key initiatives included: • Competitiveness in Derivatives and Investment
Products
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Management Discussion and Analysis
New initiatives, including the PGD Premium Growth value, the Bank plans to introduce innovative structured
and expanded corporate bonds offerings, provided products that offer higher yields while enabling efficient
customers with diverse and competitive investment risk management for customers.
options, supported by timely market insights.
To support balance sheet growth, the Bank will optimise
In terms of performance in 2024, the Bank successfully liquidity management and improve net interest margins,
strengthened its customer franchise by focusing on ensuring a robust and sustainable financial position. By
cross-selling and referral activities, enhancing cost enhancing market-making capabilities, the Bank aims to
efficiency and driving fee-based income growth. As a seize emerging opportunities and maintain its leadership
result, the Global Market’s contribution to the Bank’s in key financial markets. Further, the expansion of the
fee-based income increased to 45.5 per cent, up from retail bond segment and the growth of the wholesale
40.6 per cent in 2023. bond business will enable the Bank to cater to a broader
customer base, meeting diverse financial needs.
Total revenue also saw a robust growth of 16.6 per
cent, driven by the strong sales desk performance and The Bank is also committed to strengthening its
enhanced collaboration across Global Markets desks regulatory collaboration with Bank Indonesia, OJK, and
and business segments. other key stakeholders to ensure a stable and resilient
financial ecosystem. Together, these initiatives reflect
Priorities in 2025 the Bank’s dedication to fostering growth, innovation
In 2025, the Bank is dedicated to strengthening its and leadership in 2025.
market presence and driving revenue growth through
a focused and strategic approach. A key priority is By focusing on these priorities, the Bank aims to deliver
delivering competitive products and pricing strategies sustainable growth and innovative solutions, reinforcing
to accelerate growth in FX, bonds and investment its relevance in an evolving financial landscape.
products, complemented by bespoke hedging solutions
tailored to meet client needs. To provide enhanced
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We strive to foster trust by addressing customer concerns
and supporting them through all financial situations.
In 2024, we used the Net Promoter Score (NPS) to
measure and enhance our services at key touchpoints.
Customer feedback helped us identify service gaps,
which we addressed with targeted improvements to
consistently boost satisfaction and loyalty.
To improve the NPS score, we focused on resolving
issues faster, enhancing digital channels for smoother
experiences and delivering comprehensive service
training. By monitoring NPS insights regularly, we ensured
our services stayed aligned with customer needs and
expectations.
Customer feedback from NPS surveys drives ongoing
improvements across our processes, procedures, people
and services. Dedicated teams promptly address
concerns raised by detractors, while insights from passive
customers and promoters guide further enhancements.
This proactive approach strengthens our commitment to
Customers delivering better experiences.
Our customers are at the heart of everything we do. We
focus on helping them meet their financial, business Equal Treatment for Our Customers
and lifestyle goals by providing tailored solutions. Every We prioritise our customers and uphold the highest
interaction is designed to be secure, reliable and backed professional and ethical standards in every interaction.
by a human touch for a seamless banking experience. Fair Dealing is central to our culture and we ensure it by:
Keeping Customers at the Centre • offering products and services tailored to customer
Our approach begins with understanding the unique needs;
needs and preferences of each customer. We aim to • equipping our colleagues with the skills to provide
provide financial solutions that align with their goals quality advice and recommendations;
while emphasising three key priorities: personalisation, • sharing clear, relevant and timely information to
connectivity and sustainability. support informed financial decisions; and
• acting on feedback promptly, independent and
We are committed to delivering financial solutions effectively.
that align with customers’ goals and lifestyles, while
leveraging digital tools and regional partnerships to To strengthen Fair Dealing practices and comply with
ensure services are both connected and accessible. This regulatory updates, we revised our Customer Protection
approach is built on three core pillars: Policies. We also conducted NPS Fair Dealing surveys
across the Consumer Banking, Business Banking,
• Customer Experience: We offer both online and Commercial Banking and Global Market segments,
offline banking options for personalised and ensuring we meet the diverse needs of our customers.
convenient services.
• Customer Insights: We actively gather and act Effective Response to Our Customer Needs
on customer feedback to adapt our products and We take customers’ feedback seriously and act quickly
services, ensuring they meet changing needs. to address concerns. In 2024, we improved how we
• Regional Connectivity: Our ASEAN network enables handle feedback to ensure prompt and fair resolutions.
customers to explore opportunities and expand Key initiatives included:
their reach across borders.
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Management Discussion and Analysis
• Providing refresher training for branch staff, Setting Service Standards for Excellence
Relationship Managers and Contact Centre agents, Customer Experience
led by internal experts to enhance problem-solving We conducted surprise visits to selected branches and
skills. privilege centres to ensure proper implementation of
• Holding regular cross-functional discussions to service standards and procedures. These visits helped us
evaluate issues and reduce complaint resolution identify areas of improvement and led to updates in key
times. procedures, including facility management at Privilege
Banking Centres and guidelines for handling difficult
To maintain high service quality, we equipped our teams customers in branches and contact centres.
with practical skills through trainings and workshops.
We actively promote a culture of excellent customer
We designed our Service Excellence training to help service by celebrating our colleagues’ achievements.
frontliners such as Customer Service and Relationship Each year, we hold the UOB Customer Commitments
Managers better understand customers’ needs. This Awards to recognise individuals and teams who go the
training prepared more than 800 participants to better extra miles for our customers. In 2024, we honoured four
recommend suitable products and services that support colleagues and three teams for their exceptional service.
customers’ financial goals.
Through the Signature Experience Competition Idea,
We also trained our security staff to meet excellent we also encourage business units and branches to
service standards and gain a basic understanding implement innovative solutions that reduce customer
of banking products, ensuring a seamless customer pain points and improve service quality. In 2024, three
experience across all touchpoints. teams received awards for their impactful initiatives
during the Service and Sales Awards 2024 ceremony.
We value customer satisfaction as the foundation of
long-lasting relationships. Through regular surveys, we To ensure high standards, we regularly conduct mystery
identify areas of improvements and refined our products shopping to evaluate and improve waiting times and
and services. We also use the NPS to benchmark our service quality at branches. These assessments help us
performance in customer experience. identify and address customer pain points while ensuring
our performance matches industry benchmarks.
In 2024, we measured NPS across six key touchpoints:
problem resolution, brand product features, fees and We also focused on streamlining the CASA account
rates, people, services, ease and speed. To enhance opening process for individual customers by
these scores, we conducted Voice of Customer surveys benchmarking best practices from other banks. Using
across segments such as Credit Cards, Personal Banking, insights from NPS feedback, we collaborated with
Wealth Banking, and Privilege Banking. related teams to prioritise and implement targeted
improvements, ensuring our process aligned with
To improve service quality, we established the Service customer needs.
Excellence Council (SEC), led by our CEO. The SEC
resolves service issues, promotes a customer-focused By continuously refining our services and recognising the
culture and monitors key service metrics. Its goal is to efforts of our teams, we remain committed to delivering
elevate our service standards and become a recognised a seamless and satisfying customer experience.
leader in customer services.
Daily huddles at branches and bi-weekly sessions at
the head office ensure employees stay informed about
updates and address service-related issues promptly.
These meetings improve team coordination, speed-up
team coordination and issues resolution, and maintain
consistent service standards across the Bank.
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Human Resources growth and ensures meaningful contributions to the
At UOB Indonesia, Human Resources (HR) plays a pivotal organisation, customers and the wider community.
role in building a skilled, customer-focused and future-
ready workforce. By aligning our HR practices with the HR Strategies in 2024
Bank’s vision, mission and strategic goals, we ensure Our HR development strategies, aligned with the Bank’s
that our people are equipped to seize opportunities, vision, focus on building a capable and adaptable
overcome challenges and uphold the highest standards workforce adopting the 70:20:10 development
of service through our Code of Ethics and corporate framework: 70 per cent of learning is experiential; 20
values. per cent comes from collaboration and interaction with
others such as coaching, mentoring and team-based
Our “The UOB Way” programme reflects our commitment initiatives; and the final 10 per cent is through structured
to fostering a supportive and empowering workplace. training programmes, offered in a variety of formats such
Anchored on the pillars of Care, Growth and Trust, it as in-person sessions, virtual platforms and classroom
promotes a culture where employees feel valued and learning. This holistic strategy ensures employees gain
recognised. Through targeted initiatives, we balance essential skills and behaviours for success in a dynamic
performance excellence with well-being, creating an business landscape.
engaged workforce ready to drive the Bank’s continued
success. At UOB Indonesia, we believe that investing in our people
is key to achieving our strategic goals. By integrating core
Colleagues values with development initiatives, we foster a culture of
In 2024, UOB Indonesia remains steadfast in our care, trust and growth. These efforts empower to thrive,
commitment to nurturing the professional and ensuring the Bank delivers exceptional service and long-
personal growth of our colleagues. Guided by our term value creation for our customers, stakeholders and
core values – Honourable, Enterprising, United and communities.
Committed – we foster a high-performance culture
based on professionalism, integrity and collaboration.
This empowering environment enables sustainable
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Management Discussion and Analysis
Our Employee Commitments
Our values shape our identity and foster a sense of belonging, while our commitment to our employees
drives us to continuously enhance our standards of behaviour and performance in delivering excellence
to our stakeholders.
• Honourable - Doing What is • Enterprising - Building a
Right Meaningful Career
We do what is right for all We promote persistence
our stakeholders and make and ambition at all levels.
decisions that best serve the We believe in bringing out
interests of our organisation, the best in everyone through
colleagues, and customers. professional development and
empowering our colleagues to
• United - Making a Real take ownership of their career
Difference development.
Our unwavering commitment
to uphold UOB’s values is • Committed - Leading by
reflected in the way we serve example
our customers and communities. Our leaders act as role models,
We strive to create a positive guiding individuals and teams
impact and add value to lives. to overcome challenges and
take responsibility for their
actions. Together, we focus on
supporting the success and
progress of all our colleagues.
In 2024, we conducted over 20 sessions of the UOB Way workshop for people managers, recognising
the vital role leaders play in setting positive examples. These workshops ensure leaders fully embody the
Bank’s unique culture, inspiring employees to integrate the values into their daily work.
Our People Philosophy: Care, Growth and Trust
The Bank remains committed to ensuring our people fully understand and embody our core values through
the UOB Way. Our People Philosophy – Care, Growth and Trust – prioritises holistic employee well-being
across four key pillars: Physical, Mental, Financial and Social Well-being.
Care
Through Care, we prioritise the well-being of our colleagues, ensuring their needs are met across all
aspects of life. The Bank offers a competitive and performance-driven total compensation package,
complemented by initiatives supporting holistic wellness.
• Physical Wellness: The Bank provides comprehensive health insurance for employees and their
dependents. An internal clinic offers easy access to general practitioners and UOB Plaza is equipped
with fitness facilities to encourage exercise.
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• Mental Wellness: In the second quarter of 2024, the employees feel supported in contributing to the
Bank launched the Employee Assistance Programme Bank’s growth. Engagement programmes foster
(EAP) in partnership with licensed therapists from collaboration, teamwork, and pride, aiming to
Lembaga Psikologi Terapan Universitas Indonesia position UOB as the employer of choice.
(LPTUI). This programme offers professional mental
health counselling, providing employees with a safe Trust
space to seek guidance and mental health support. Trust is a core pillar of our People Philosophy, empowering
employees to make a meaningful impact.
• Financial Wellness: A series of communication
and socialisation to build employees’ financial • Clear goals are set and tracked through an
awareness was conducted in 2024. The Bank also integrated performance management framework.
Initiated wider engagement to employees’ families In 2024, we introduced an all-in-one system to
through Kids @work programme to foster family manage people process, including performance
connections, with employees’ children participating tracking from goal-setting to mid-year dialogues
in educational banking activities. Additionally, a and year-end appraisals.
Flexible Pension Contribution programme gives
employees a greater control over their pension • For senior roles, 360-degree assessments are used
funds. as part of the feedback process for a well-rounded
evaluation.
• Social Wellness: Our flagship Heartbeat event, held
annually in August, combines physical activities • Our Performance and Development Council
with corporate social responsibility (CSR) initiatives. (PDC) enhances transparency and objectivity in
Employees participate in the Heartbeat Walk/ performance assessments and development plans.
Run and contribute to meaningful causes through Discussions are evidence-based, incorporating
donations. The donations from 2024 went to Rosa holistic feedback from relevant stakeholders.
Foundation and Cicendo Special School, which aid
hearing-impaired children. • The Bank continues to invest in building a coaching
culture where Senior Management will expand
Growth [OJK F.22] and cascade the coaching refresher to the People
We create opportunities for colleagues to advance their Managers.
careers through a range of initiatives:
• To foster Trust, we celebrate achievements through
• Employees are encouraged to explore their potential Employee Recognition. For instance, the North
through reskilling and upskilling programmes, Star Award honours individuals who consistently
equipping them with the competencies needed to exemplify our values. For those requiring
excel in value-adding roles or those less likely to be improvement, we provide guidance and monitor
replaced by technology. progress regularly to ensure development.
• Under our long-term “Grow Our Own Timber” • With all the efforts through number of strategic
initiative, we offer a number of opportunities for initiatives in driving people agenda in 2024, UOB
internal promotions and lateral mobility through Indonesia has received a number of recognitions
internal job postings, assignments and rotations and awards from International publications, namely:
both in country and regional offices, including -- HR Asia: Best Companies To Work For in Asia
Singapore and other countries where the Bank 2024
operates. This exposure enables employees to learn -- HR Asia: Sustainable Workplace Awards 2024
best practices and prepares them to become world- -- HR Excellence Awards: Excellence in Leadership
class bankers. Development – Bronze 2024
-- HR Excellence Awards: Excellence in In-House
• We promote open communication through the Pipeline Strategy – Silver 2024
Employee Engagement Survey (EES), ensuring
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Management Discussion and Analysis
Do What Is Right success stories to inspire excellence and accountability
Nurturing a diverse and inclusive workplace across the organisation.
[OJK F.18]
In 2024, we conducted over 20 sessions of the UOB Way Ensuring Freedom of Association
workshop for people managers, recognising the vital [GRI 2-30] [OJK F. 20)
role leaders play in setting an example. These workshops To maintain a harmonious industrial relations
ensure leaders fully embody the Bank’s unique culture, environment, the Bank prioritised open communication
inspiring employees to integrate the values into their and collaboration with Labour Union, recognising its
daily work. role as a key stakeholder.
We are committed to building a safe, nurturing and On 11 May 2023, the Bank signed the 2023-2025
inclusive workplace in which all colleagues are treated Collective Labour Agreement (CLA), introducing six key
with respect by upholding internationally-accepted updates: paternity leave, long service awards, sympathy
human rights principles and the prevailing regulations in allowances (for grief and miscarriage), adjustments to the
Indonesia. To create an inclusive work environment, we employee engagement budget, retirement appreciation
create a decent and safe working environment which is gifts, and compliance government regulations. The
free from discrimination. We believe that diversity and relationship between the Management and the Labour
equal opportunities should be extended to all employees, Union remains positive, built on mutual trust and respect.
to drive development, productivity and engagement. Regular discussions on employment issues and policies
result in constructive outcomes that benefit both parties.
To foster inclusivity and diversity, the Bank has introduced
various initiatives, including: The Right Talent for the Right Role
[GRI 404-3]
• International Women’s Day celebrations, Aligned with strategic workforce planning, the Bank is
• World Environment Day events promoting committed to providing equal career opportunities for all
sustainability, employees and external talent. We uphold an inclusive
• Kids at Work event, where employees’ children environment under our diversity, equity and inclusion
participate in educational activities, including a sign agenda, ensuring objective, fair and transparent
language session, and. selection and hiring process. Strict governance measures,
• Appreciation Month, featuring competitions and including pre-employment screenings, are in place to
activities to encourage recognition and gratitude identify candidates who align with the Bank’s culture
among colleagues. and values.
Maintaining a Risk-Focused Organisational To support business growth, we focus on placing
Culture the right talent in the right roles. Our hiring strategy
The Bank embeds its culture at all levels, beginning with combines talent development initiatives such as the
the new hire onboarding. Culture champions in each Management Associate programme with internal job
division and branch reinforce UOB Way through regular postings. This approach nurtures internal talent while
refreshers, ensuring the Bank’s values are consistently attracting top external candidates for critical roles. By
reflected in daily actions and decisions. balancing internal growth and external recruitment, we
maintain a robust talent pipeline that meets the Bank’s
Clear and consistent communication support this evolving needs.
effort. Quarterly risk culture updates, led by champions,
encourage employees to enhance their knowledge Technology underpins our hiring process. Tools like
through Go1, the Bank’s e-learning platform. This ensures e-Recruit streamline recruitment by enabling data-
employees remain informed and aligned with cultural driven and efficient hiring. The platform enhances talent
and risk management objectives. acquisition by optimising job requirements reviews,
candidate sourcing, and engagement. It also tracks
Regular town hall meetings foster open dialogue with recruitment SLAs and generates automated reports,
employees and people managers, building awareness providing insights for continuous improvement and
and reinforcing a strong risk culture. The Bank celebrates informed decision-making.
individuals who exemplify this culture, sharing their
116 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Nurturing Future Leaders Nurturing Junior Talents through Internship
[OJK F.22] [GRI 404-2] The Bank collaborates with leading universities to offer
To ensure business continuity and growth, the Bank final-year students valuable internship opportunities.
regularly reviews succession plans to identify critical This initiative provides hands-on experience and
roles and develop potential successors. In 2024, we exposure to various banking functions, including daily
identified 69 critical positions and 101 high-potential operations and strategic decision-making. In 2024, 78
talents being groomed for these roles. These findings students joined the programme, gaining insights into
were presented to the Human Resources Committee to the banking industry while contributing to the Bank’s
align with workforce strategies and build a sustainable growth.
leadership pipeline.
Employee Scholarship Programme
The Bank invests in HR development initiatives to prepare To support continuous learning and career development,
high performers for leadership roles. The Leadership the Bank offers scholarships for eligible employees
Acceleration Programme (LAP) provides immersive pursuing undergraduate and postgraduate degrees.
experiences, including international assignments and This initiative recognises exceptional performance
rotations, exposing participants to diverse leadership and fosters professional growth. In 2024, we awarded
cultures and strategic projects. that contribute to the seven employees with scholarships for master’s degrees,
Bank’s success. In 2024, 17 of our people joined LAP, further enhancing their skills and expertise. By providing
reinforcing our commitment to nurturing future leaders. these opportunities, the Bank invests in the professional
and personal growth of its employees, ensuring they
Additionally, the UOB Leadership Academy is a three- are well equipped to contribute to the Bank’s long-term
month programme for high-performing managers and success.
executives, developed in collaboration with global
business schools. It equips participants with essential Professional qualifications and certifications
leadership and interpersonal skills, covering topics [OJK F.22] [GRI 404-2]
such as strategic decision-making, organisational The Bank is dedicated to fostering the professional
change and emotional intelligence. In 2024, 20 talents growth of its employees by sponsoring qualification
participated in the Academy, ensuring they are prepared and certification programmes. These initiatives not only
to lead the Bank with innovation and excellence. ensure compliance with regulatory requirements but
also equip employees with the necessary knowledge
Building Young Talents through Professional and skills to excel in their roles. By offering access
and Future Bankers Academy to these programmes, the Bank cultivates a culture
[OJK F.22] of continuous learning and professional excellence,
The Bank established the Professional and Future enabling employees to stay ahead of industry trends
Bankers Academy to nurture graduates aspiring to build and meet the evolving needs of the business.
rewarding careers in banking. The Academy offers two
career paths tailored to diverse interest and skills:
1. Customer-Facing Roles: A 6-12 month programme
covering customer service, banking operations,
products, marketing, and sales. In 2024, 13
participants have successfully completed this
programme, equipping them with the skills to excel
in sales and services roles while driving the Bank’s
growth.
2. Professional Roles: Designed for those pursuing
specialisation in areas such as compliance, finance,
audit, and risk management. In 2024, 20 participants
embarked on this programme, preparing to become
key contributors to the Bank’s operational integrity
and risk management efforts.
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Management Discussion and Analysis
2024 Achievements
In 2024, we are proud to report significant progress in advancing the professional
qualifications and certifications of our workforce as follows:
• Risk Management Certification
• Standarisasi Kompetensi Sistem Pembayaran (SKSP) Certification
• Wakil Perantara Perdagangan Efek (WPPE) Certification
• Wakil Agen Penjual Reksa Dana (WAPERD) Certification
• Asosiasi Asuransi Jiwa Indonesia (AAJI) Certification
• Treasury Certification
• Manajemen Sumber Daya Manusia (MSDM) Certification
Nearly 2,000 employees successfully completed various Workday offers 24/7 self-service access enabling
qualification and certification programmes in 2024, employees to update personal information, manage
further strengthening their expertise and contributing data and initiate transactions such as leave
to the Bank’s success. The following table highlights applications. This enhances transparency, efficiency
the development efforts, showcasing our ongoing and the overall employee experience. This platform
commitment to employee growth and advancement. includes helpful resources such as guidelines, articles
and Q&A sections, while more complex inquiries can be
directed to HR representatives for additional support.
Types of Programme 2024
Online Course 4,253 Workday also equips People Managers with predictive
analytics for HR planning. Accessible via desktop and
Certification 1,990
mobile, it integrates seamlessly with existing HRIS-SAP
Sosialisation 1,500 e-Recruit and eLearning modules, ensuring a unified
Workshop 3,579 and efficient workflow. Employees are encouraged to
Virtual Training 2,847 maintain accurate personal data, ensuring reliability
across all HR functions.
Conference 45
Employment Engagement
Human Resources Management System
The Bank has prioritised three key areas to boost
In March 2024, the Bank successfully implemented the
employee engagement: enhancing workspace,
HCMS Workday system, streamlining HR processes
upgrading technology infrastructure and continuing
through features such as Organisation Management,
to instil a culture on continuous business process
Employee Management, Time Management,
improvement that create opportunities for us to
Performance Management, Security and Accesses,
increase control effectiveness and efficiency.
Compensation Management, Onboarding, Payroll and
Benefits, Travel and Expense, Reports and Analytics, and
Regular updates are shared through town halls and
Workday Help.
employee engagement programmes such as corporate
social responsibility activities, HR initiatives such
118 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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as Appreciation Month. The Employee Engagement Leadership Development and Future Leaders
Survey (EES) fosters open communication, encouraging The Bank is committed to developing its future leaders
employees to share feedback in a safe environment. to ensure a robust talent pipeline capable of driving
organisational growth. Through the Leadership Academy,
In 2024, the Bank achieved its annual Employees high performers at various career stages are nurtured
Engagement score at 89 per cent, as the Bank continues with a blended learning approach, incorporating formal
its commitment to become an employer of choice and training, experiential learning and social learning.
foster a sense of pride among its workforce. Participants engage with industry leaders, tackle real-
world business challenges, and contribute to cross-
2025 Strategic Priorities functional projects.
The 2025 Strategic HR strategy focuses on sustainable
human resource capabilities through holistic learning, The Leadership Academy offers three development
leadership development and the technology integration levels:
to build an adaptable, high-performing workforce. • Level 1: Agile and Aware Leadership
• Level 2: Leading Teams for Growth
Commitment to Sustainable HR Capabilities • Level 3: Strategic Alliances and Innovation.
The Bank is committed to fostering sustainable HR
capabilities that drive long-term organisational success. The Leadership Acceleration Programme (LAP) targets
This is reflected in its HR Development Strategy, anchored high-potential employees with exceptional performance,
in the 70:20:10 learning model: 70 per cent practical, on- offering opportunities for international exposure,
the-job experiences to apply knowledge in real world leadership webinars and strategic decision-making
situations; 20 per cent peer and mentor interactions; 10 experiences. These initiatives ensure the Bank develop
per cent formal training, including in class and online future leaders equipped with the skills, knowledge and
programmes. perspectives needed to thrive in a competitive business
environment.
This balanced approach equips employees to excel in
their current roles and prepares them to meet future
challenges, ensuring the Bank’s continued growth and
success.
Holistic Approach to Learning
The Bank’s learning philosophy emphasises that
formal training alone is insufficient for comprehensive
development. By combining structured training,
experiential learning and social learning, employees
acquire the skills and behaviours needed in a practical
and holistic manner. This approach not only enhances
technical expertise but also fosters interpersonal and
leadership qualities.
To streamline processes and improve efficiency, the Bank
invests significantly in technological advancements,
automating repetitive tasks and enabling employees to
focus on higher-value, strategic responsibilities. Branches
are being transformed into financial consulting hubs,
leveraging technology to enhance customers services
and create roles aligned with industry advancements.
Employees are encouraged to continuously upgrade
their skills to remain relevant in an ever-evolving digital
landscape.
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Management Discussion and Analysis
Employee Demographics - Diversity of Our Colleagues
[GRI 2-7, 405-1]
Employees by Gender
Gender 2024 2023 2022
Male 1,854 1,990 1,566
Female 2,148 2,262 1,707
Total 4,002 4,252 3,273
Employees by Age
Age 2024 2023 2022
< 25 years old 102 110 46
25-29 years old 425 488 311
30-34 years old 694 782 594
35-39 years old 825 879 709
40-45 years old 1,046 907 715
> 45 years old 910 1,086 898
Total 4,002 4,252 3,273
Employees by Position
Position 2024 2023 2022
Senior Management 252 237 175
Middle Management 537 536 466
Junior Management 1,805 1,910 1,569
Staff 1,408 1,569 1,063
Total 4,002 4,252 3,273
Employees by Education Level
Education Level 2024 2023 2022
Doctorate 343 349 272
Bachelor 3,111 3,283 2,509
Diploma 342 367 270
Miscellaneous 206 253 270
Total 4,002 4,252 3,273
120 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Employees by Tenure
Tenure 2024 2023 2022
< 1 year old 235 1,444 518
1-4 years old 1,240 849 915
5-9 years old 1,083 774 678
10-14 years old 626 414 430
15-19 years old 342 291 264
> 20 years old 476 480 468
Total 4,002 4,252 3,273
Employees by Function
Directorate 2024 2023 2022
Channels 899 925 1,060
Corporate Support 666 739 552
Global Markets 46 48 51
Retail Segment 1,034 1,123 756
Technology and
794 814 557
Operations
Wholesale Segment 563 603 306
Total 4,002 4,252 3,273
Employees by Status [GRI 2-8]
Status 2024 2023 2022
Permanent 3,791 3,954 3,183
Contract 211 298 90
Total 4,002 4,252 3,273
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Management Discussion and Analysis
Information Technology and 1. Robust project management to ensure all projects
are delivered timely, within budget and good quality
Operations 2. Improve reliability and resiliency of the Infrastructure
At UOB Indonesia, to achieve innovation at scale
of the Bank, maintain high system availability of
and contribute to the progress of Indonesia’s digital
critical systems.
economy, we continue the investment in developing
3. Strengthen risk management and risk culture and
better capabilities in information technology and
maintained improved audit results over the years,
operations area.
maintained lower operational loss and continuous
assurance program
We believe that technology is a critical supporting
4. Increase productivity of the Technology and
element for business growth as we continue to strive
Operation resources by leveraging in-country
improving the banking experience for our customers.
solution and continuous process improvement
5. Maintain high engagement with stakeholders and
Our ongoing investments include building and
staff, continue the Up-Skill and Re-Skill to improve the
maintaining strong and secured technology systems,
capacity and knowledge the talents in Technology
automating more business processes, and developing
and Operations
better products and services for our growing customer
base.
Delivery with quality and excellence
Every projects started with a business analysis to the
2024 Strategy and Development Bank Committee. The analysis includes the project
Technology and Operations Strategy and Development
background, benefits, return on investment analysis,
is aligned with UOB Indonesia Vision and Mission which
implementation and operational cost, required resources
translated into the five strategic pillars:
and the ways these benefits can be realized.
1. Delivery with quality and excellence
2. Infrastructure and Run the Bank
The project management process consists of initiation,
3. Risk & Control Management
execution (control and supervision), closure, and
4. Operation Productivity & Efficiency
guarantee. The goal of the project management is
5. People Management
to ensure that the project can meet functional and
operational requirements while remaining within the
To fulfill the five strategic pillars, the bank focused on
the following strategies:
122 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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approved budget and schedule. Differences must be efficiency and scalability of this processes, as well as
communicated immediately to obtain re-approval by ensuring stronger operational management and risk
control.
Innovation in IT and IS initiatives
In 2024, the projects delivery timeliness is above the The Bank implements continuous automation in the
target with 100 per cent cost is within the budget. reporting process to reduce manual intervention and
direct the process to increase reporting accuracy.
The automation carried out will also be able to support
IT Infrastructure and Information Security the launch of new consumer products such as personal
Initiatives loans and co-brand credit cards from the operational
IT infrastructure and Information Security initiatives side.
has been carried out in supporting business needs. All
initiatives completed as plan such us: Continuing process engineering efforts that have been
1. Digital watermarking for end user laptops initiated in previous years (re-engineering), Wholesale
2. Secure Email encryption of outgoing email Operations had several alternatives for 2024 such as
3. Sensitive Data Labelling for Data Classification improvements to online service registration (e-service),
4. Automation Application PID (Process ID) trade document process flow, remittance transaction
Management processes and other operational systems for supports
5. Monitoring tools for critical application the fulfillment of reporting requirements to regulators.
6. Data Center Temperature Monitoring
To strengthen operational resilience, the bank carries
IT Infrastructure and Run the Bank out activities such as split-site operations and has
System’s stability is consistently delivered above 99.9 per implemented a business continuity plan (BCP). Cost
cent and moreover the Total Resolution Objective (TRO) management discipline is well maintained and resulted
for system incidents recovery achieved near 100 per cent. in more than 10 per cent cost saving for 2024 IT cost.
Risk and Control People Management
Risk Management is consistently prioritised In 2024, Giving excellent services to our customers, either for
reportedly: internal or external customers, is very important in
1. More than 30 audit works were completed. our daily works. It’s not only to ensure customer’s
2. Continuous assessment of potential IS and IT satisfaction, but it’s also important for our corporate
Infrastructure gaps through various vulnerability image and culture. T&O has been improving our service
assesstments, scanning, penetration test, assurance excellence over the years.
programs.
3. More security awareness communications as well Moreover, the staff attrition is managed at low rate. It’s
as regular monitoring of the staff awareness test lower than previous year.
executed.
4. Operation losses is below threshold. The staffs are countinuosly engaged and feel supported
5. More Management Risk Awareness completed. in doing their responsibilities on daily basis, which makes
them “feel at home”.
Productivity and Efficiency
The operations staff productivity in 2024 increased more
than 20 per cent. This is inline with the increasing volume
of transactions and number of projects, adjustments
are needed to meet the bank’s needs. The bank boosts
its productivity by reducing manual processes, and
conducting regular reviews to enhance productivity,
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Management Discussion and Analysis
2024 Achievements
In 2024, the Technology and Operations recorded various achievements as follows:
1. Completing the recarding (card b. Implementation of infrastructure
replacement) for Citibank customer. improvements Call Center for the
Collection and Contact Center
Team.
c. Implementation of Data Center
2. Obtained internal awards: Risk Culture Monitoring system over web
Award, Smart Spending Award, d. Increased network bandwidth
Customer Commitments Award, for branch offices, international
Customer Protection Unit, Signature bandwidth and better networking
Experience Idea, Step Up Pledge between data centers.
Contest and E-Thanks Competition. e. Technology refresh and capacity
upgrade for existing systems and
3. Maintained high internal Net Promoter infrastructure including security
Score (NPS) above 90 per cent. system as a commitment to
provide the best for customers.
f. Increased TMRW Infrastructure
Resiliency.
4. Kept Employee Engagement Survey g. Data Center expansion to
(EES) above 90 per cent in 2024 for 4 accommodate business growth
consecutive years.
7. Maintained ISO27001 certification in
5. Improved customer experience by: the provision of Information Security
a. Enhancing digital banking both Management System (ISMS) for UOB
for Wholesale (UOB Infinity) and TMRW, personal internet banking and
Retail Banking (UOB TMRW). Infinity platforms.
b. Implementing a related system
that functions to regulate or 8. Implemented information security
maintain billers for auto debit with enhancements such as Security
credit cards. Information and Event Management
c. Implementing enhancement for (SIEM), centralized identity
Credit Underwriting. management, digital watermarking,
d. Implementing Self Service Unit multi-factor authentication.
Trust and CashPlus in TMRW.
e. Implementing enhancement 9. Continuously achieving high
related with Visa and Mastercard percentage of on-time project
f. Implementing Enterprise Data completion.
Architecture Governance system.
10. Increasing awareness of management
6. Improved infrastructure capability to risks (Management Risk Awareness/
support service improvements through: MRA).
a. Implementation of internal
monitoring tools to monitor
devices related to network 11. Maintaining the company’s Business
device monitoring, application Continuous Management (BCM)
monitoring and infrastructure readiness by successfully carrying out
monitoring which have a direct BCP, Disaster Recovery and Call Tree
impact on customers. Exercises in 2024.
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Accolades and Awards
Our performance achievements have resulted in a number of awards as follows:
1. Received 2 awards from JP Morgan 4. Received 2 awards from Prima and
for US Dollar Clearing Elite Quality Infobank magazine for Titanium
Recognition 2024 with Outstanding Award- “Best System Availability”
Achievement: and Titanium Award- “The Highest
a. MT103 STP rate at 99.80 Digital Channels Transaction Bank”.
b. MT202 STP rate at 100
5. Received award from Bank of New
2. Received Award from InfoBank York, Service Review & STP Award
Magazine “Top 200 The Next for “Outstanding International TT
Leaders 2024” with STP rate of 96.67 per cent”
6. In 2024 UOBI being top market
leader for external Call Center Net
3. Received 2 awards from SWA Promotor Score (NPS) from Bain &
magazine for “Indonesia Best Company
Digital Innovation Award 2024”
and “Indonesia Best Business
Transformation Award 2024”
2025 Focus Areas
In 2025, the Bank will continue to focus on increasing the points and committing to monitoring and consulting
number of customers and sales volume. The bank makes all services provided, both to internal and external
continuous efforts not only to increase the number of customers, to obtain valuable feedback to improve
new customers, but also to improve the quality of services.
existing customers. The steps that will be made are as g. Focusing on deepening wallet share by increasing
follows: cross sell through excellent products and services.
a. Strengthening identity and brand awareness h. To comply with the Data Protection Law, the bank
through brand campaigns. has prepared the process updates by carrying out
b. Making changes to the organizational structure identification as outlined in the Record of Processing
to facilitate improved customer experience and Activities (ROPA) and developing applications to
increase cross selling capabilities through the consolidate and manage approvals received from
formation of a National Funding Team. customers.
c. Acquiring conventional and digital banking i. Continuously improving overall operational activities
customers by using automation, technology advancement in
d. Using financial advisory services to increase Contact Center, regulatory reporting.
the number of customers who invest in wealth j. such as advancement of contact centre capability by
management products. leveraging the utilisation of Unified Communication
e. Creating the right partnership platform to provide technology and increasing the quality of regulatory
attractive value propositions for customers. reporting submission.
f. Improving service quality at all customer touch
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Management Discussion and Analysis
Financial Review
Comprehensive Analysis of Financial Performance
This financial review is prepared based on the financial statements of UOB Indonesia that have been prepared and
presented in accordance with the Indonesian Financial Accounting Standard issued by the Indonesian Financial
Accounting Standards Board (DSAK). All information in the financial statements have been presented in a complete
and truthful manner.
The financial statements of UOB Indonesia was audited by Public Accountant Office Purwantono, Sungkoro, and
Surja (member firms of Ernst & Young Global Limited), with unmodified opinion, which stated that the financial
statements present fairly, in all material respects, in accordance with Indonesian Financial Accounting Standards.
Statement of Profit or Loss and other Comprehensive Income
(expresses in billions of Rupiah, unless otherwise stated)
Statement of Profit or Loss and 2024 2023 Increase/(Decrease)
Other Comprehensive Income Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
OPERATING INCOME AND
EXPENSES
Interest income 11,496 9,945 1,551 15.60
Interest expenses (5,652) (4,588) (1,064) 23.19
INTEREST INCOME - NET 5,844 5,357 487 9.09
Other operating income
Administration fees and
330 265 65 24.53
commissions - net
Realized and unrealized gain on
securities sold and from changes
396 282 114 40.43
in fair value of trading securities
- net
Gain from foreign currency
198 317 (119) (37.54)
transactions
Others - net 729 510 219 42.94
Total other operating income -
1,653 1,374 279 20.31
net
Provision for impairment losses
Financial assets (1,071) (796) (275) 34.55
Foreclosed assets (6) (1) (5) n.m.
Total provision for impairment
(1,077) (797) (280) 35.13
losses
Other operating expenses
Salaries and employees’ benefits (2,867) (2,386) (481) 20.16
General and administrative
(2,945) (2,631) (314) 11.93
expenses
Total other operating expenses (5,812) (5,017) (795) 15.85
OPERATING INCOME 608 917 (309) (33.70)
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Statement of Profit or Loss and 2024 2023 Increase/(Decrease)
Other Comprehensive Income Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Non-operating income
Loss on sale of fixed assets,
foreclosed assets, and (43) (5) (38) n.m.
abandoned property - net
Total non-operating expense (43) (5) (38) n.m.
INCOME BEFORE TAX EXPENSE 565 912 (347) (38.05)
Tax expense (159) (237) 78 (32.91)
INCOME FOR THE YEAR 406 675 (269) (39.85)
OTHER COMPREHENSIVE INCOME
Items that will not be reclassified to profit or loss:
Remeasurement of post-
(44) 4 (48) n.m.
employment benefits
Income tax related to
components of other 10 (1) 11 n.m.
comprehensive income
(34) 3 (37) n.m.
Items that will be reclassified to profit or loss:
Movement in respect of fair
value changes of financial
(189) 80 (269) (336.25)
investment at fair value through
other comprehensive income
Income tax related to
component of other 42 (18) 60 (333.33)
comprehensive income
(147) 62 (209) (337.10)
Other comprehensive (loss)/
(181) 65 (246) (378.46)
income for the year - net of tax
TOTAL COMPREHENSIVE INCOME
225 740 (515) (69.59)
FOR THE YEAR
BASIC EARNINGS PER SHARE
33 60 (27) (45.00)
(full amount)
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Management Discussion and Analysis
Interest Income
Interest income was derived from loans, financial investments and trading securities, receivables on securities
purchased with agreements to resell, placements with Bank Indonesia and other banks, as well as current accounts
with Bank Indonesia and other banks.
2024 2023 Increase/(Decrease)
Interest Income Percentage
Billion Rupiah Billion Rupiah Billion Rupiah
(%)
Loans 7,944 6,532 1,412 21.62
Financial investments and trading securities 2,773 1,613 1,160 71.92
Receivables on securities purchased with
482 1,377 (895) (65.00)
agreements to resell
Placements with Bank Indonesia and other banks 178 304 (126) (41.45)
Current accounts with Bank Indonesia and other
119 119 - 0.00
banks
Total Interest Income 11,496 9,945 1,551 15.60
Interest income in 2024 amounting IDR11,496 billion, increased by 15.6 per cent or IDR1,551 billion compared to 2023.
The increase in interest income mainly due to:
a. Interest income from financial investments and trading securities increased by IDR1,160 billion or 71.9 per cent
compared to prior year.
b. Interest income from loans increased by 21.6 per cent or IDR1,412 billion, as result from higher average balance
and yield in 2024.
c. This increase was set-off by interest income from receivables on securities purchased with agreements to resell
and placement with Bank Indonesia and other banks that decreased by 65 per cent or IDR895 billion and 41.5
per cent or IDR126 billion, respectively.
Interest Expense
Interest expense was derived from time deposits, demand deposits, saving deposits, premium on Government
guarantee, debt securities issued, deposits and borrowings from other banks, liabilities on securities sold under
repurchase agreements, margin deposits and others.
2024 2023 Increase/(Decrease)
Interest Expenses
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Time deposits 2,700 2,233 467 20.91
Demand deposits 1,028 732 296 40.44
Saving deposits 823 756 67 8.86
Liabilities on securities sold under
470 223 247 110.76
repurchase agreements
Premium on Government guarantee 246 246 - 0.00
Deposits and borrowings from other
196 219 (23) (10.50)
banks
Debt securities issued 126 140 (14) (10.00)
Margin deposits and others 63 39 24 61.54
Total Interest Expenses 5,652 4,588 1,064 23.19
Interest expense in 2024 amounting IDR5,652 billion, increased by 23.2 per cent or IDR1,064 billion compared to 2023.
The incremental derived from higher interest expense from third party fund (time deposits and CASA) due to increase
128 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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in cost of fund and liabilities on securities sold under repurchase agreements amounting IDR247 billion or 110.8 per
cent.
Other Operating Income
2024 2023 Increase/(Decrease)
Other Operating Income
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Administration fees and commissions
330 265 65 24.53
- net
Realized and unrealized gain on
securities sold and from changes in 396 282 114 40.43
fair value of trading securities - net
Gain from foreign currency
198 317 (119) (37.54)
transactions
Others - net 729 510 219 42.94
Total Other Operating Income - net 1,653 1,374 279 20.31
The operating income in 2024 amounting IDR1,653 billion, increased by IDR279 billion or by 20.3 per cent compared
to 2023. This was derived from higher realized and unrealized gain on securities sold and from changes in fair value
of trading securities – net from IDR282 billion in 2023 to IDR396 billion in 2024 and increment of others – net from
IDR510 billion in 2023 to IDR729 billion in 2024 then offset by lower gain from foreign currency transactions that
decrease from IDR317 billion in 2023 to IDR198 billion in 2024.
Operating Expenses
Operating expenses consists of provision for impairment losses, salaries and employees’ benefits, and general and
administrative expenses.
2024 2023 Increase/(Decrease)
Operating Expenses
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Provision for impairment losses
Financial assets (1,071) (796) (275) 34.55
Foreclosed assets (6) (1) (5) n.m.
Total Provision for Impairment
(1,077) (797) (280) 35.13
Losses
Other operating expenses
Salaries and employees’ benefits (2,867) (2,386) (481) 20.16
General and administrative
(2,945) (2,631) (314) 11.93
expenses
Total Other Operating Expenses (5,812) (5,017) (795) 15.85
Total Operating Expenses (6,889) (5,814) (1,075) 18.49
Operating expenses in 2024 amounting IDR6,889 billion, increased by IDR1,075 billion or 18.5 per cent compared to
2023. The incremental were mainly derived from:
a. Increase on salaries and employees’ expense by IDR481 billion.
b. Increase on the general and administrative expenses amounting IDR314 billion.
c. Higher provision expense for financial assets by IDR275 billion mainly due to higher loans balance in 2024.
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Management Discussion and Analysis
Income Before Tax Expense
In 2024 the income before tax amounting IDR565 billion, decreased by 38.1 per cent or IDR347 billion from IDR912
billion in 2023.
Income for the Year
Income for the year of UOB Indonesia in 2024 was IDR406 billion, decreased by 39.9 per cent or IDR269 billion
compared to IDR675 billion in 2023.
Comprehensive Income for the Year
Comprehensive income for the year in 2024 amounting IDR225 billion, decreased by 69.6 per cent or IDR515 billion
from IDR740 billion in 2023.
Statement of Financial Position
Total assets of UOB Indonesia in 2024 of IDR156,142 billion decreased by 3.9 per cent or
IDR6,404 billion from 2023. The decrease is mainly derived from decremental of receivables on securities purchased
with agreements to resell then offset by increase in net loans.
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(expresses in billions of Rupiah, unless otherwise stated)
2024 2023 Increase/(Decrease)
Assets
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Cash 682 604 78 12.91
Current accounts with Bank
5,799 9,901 (4,102) (41.43)
Indonesia
Current accounts with other banks
822 982 (160) (16.29)
- net
Placements with Bank Indonesia
3,657 2,136 1,521 71.21
and other banks - net
Trading securities 2,307 2,758 (451) (16.35)
Financial investments - net 32,453 33,037 (584) (1.77)
Derivative receivables 2,062 841 1,221 145.18
Loans - net 96,452 79,912 16,540 20.70
Receivables on securities
purchased with agreements to 1,653 22,678 (21,025) (92.71)
resell
Acceptance receivables - net 2,418 2,499 (81) (3.24)
Deferred tax assets - net 642 734 (92) (12.53)
Fixed assets and right-of-use
2,940 2,685 255 9.50
assets - Book value
Intangible assets - net 1,097 1,130 (33) (2.92)
Other assets - net 3,158 2,649 509 19.21
Total Assets 156,142 162,546 (6,404) (3.94)
Current Assets
Current assets consist of cash, current accounts with Bank Indonesia, current accounts with other
banks - net, placements with Bank Indonesia and other banks - net, derivative receivables, receivables on securities
purchased with agreements to resell, and acceptances receivable - net.
The current assets decreased from IDR39,641 billion to IDR17,093 billion in 2024 or down by 56.9 per cent. The lower
receivables on securities purchased with agreements to resell is the main reason of decrease in current assets.
Marketable Securities
By type, gross marketable securities consisted of securities at fair value through profit or loss, at
fair value through other comprehensive income and at amortized cost. As of the end of 2024, each
respectively amounted to IDR2,307 billion, IDR22,924 billion, and IDR9,545 billion, composing of
6.6 per cent, 65.9 per cent, and 27.5 per cent respectively, to the total gross marketable securities. The composition on
the marketable securities holding is the part of Bank’s strategy to manage the excess liquidity of the Bank.
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Management Discussion and Analysis
2024 2023 Increase/(Decrease)
Marketable Securities
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Trading Securities
Bank Indonesia Rupiah Securities 1,395 677 718 106.06
Government Bonds 326 1,769 (1,443) (81.57)
Sukuk 331 116 215 185.34
Corporate Bonds 255 196 59 30.10
2,307 2,758 (451) (16.35)
Financial Investments
At fair value through other
comprehensive income
Government Bonds 13,704 11,598 2,106 18.16
Bank Indonesia Rupiah Securities 7,853 6,506 1,347 20.70
Sukuk 729 1,510 (781) (51.72)
Corporate Bonds 638 684 (46) (6.73)
Negotiable Certificate Deposit - 104 (104) (100.00)
22,924 20,402 2,522 12.36
At amortized cost
Government Bonds 7,094 7,629 (535) 7.01
Export bills 2,230 4,707 (2,477) (52.62)
Sukuk 221 313 (92) (29.39)
9,545 12,649 (3,104) (24.54)
Total 34,776 35,809 (1,033) (2.88)
Allowance for impairment losses (16) (14) (2) 14.29
Total - Net 34,760 35,795 (1,035) (2.89)
Loans
Net loans of UOB Indonesia in 2024 was IDR96,452 billion with total gross loans in 2024 of
IDR100,412 billion. UOB Indonesia run the business with prudent principle strictly applied in loans distribution in
anticipation of global uncertainty.
Loans based on Currency
The majority of the loans were derived from loans denominated in Rupiah which contribute 70.5 per cent of the total
loans portfolio in 2024 amounting IDR70,821 billion. Loans denominated in foreign currencies is 29.5 per cent of total
loans amounting IDR29,591 billion in 2024.
2024 2023 Increase/(Decrease)
Loans by Currency
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Rupiah 70,821 63,739 7,082 11.11
Foreign currencies 29,591 20,284 9,307 45.88
Total Loans 100,412 84,023 16,389 19.51
Average contractual interest rate
Rupiah 9.09% 7.12%
Foreign currencies 6.17% 6.42%
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Loans based on Type
By loans type, the largest contributor to the total loans was working capital loans, representing 75.8 per cent of total
loans, followed by credit card, investment loans and housing loans. Working capital loans contributed 75.8 per cent
or IDR76,148 billion, increased by 31.5 per cent from the previous year.
2024 2023 Increase/(Decrease)
Loans by Type
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Working capital 76,148 57,904 18,244 31.51
Credit card 9,260 9,869 (609) (6.17)
Investment 7,683 8,495 (812) (9.56)
Housing 6,415 6,747 (332) (4.92)
Multi-purpose 835 972 (137) (14.09)
Motor vehicles 71 36 35 97.22
Total Loans 100,412 84,023 16,389 19.51
Loans based on Business Segment
The Commercial Banking segment contribute 32.5 per cent of total loans of UOB Indonesia in 2024, followed by
Corporate Banking segment that contribute 31.8 per cent of total loans and Personal Financial Services segment of
16.5 per cent. As of 31 December 2024, balance of loans from Commercial Banking, Corporate Banking, and Personal
Financing were IDR32,608 billion, IDR31,290 billion, and IDR16,584 billion, respectively.
2024 2023 Increase/(Decrease)
Loans by Business Segmentation
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Commercial Banking 32,608 29,246 3,362 11.50
Corporate Banking 31,920 21,277 10,643 50.02
Personal Financial Services 16,584 17,911 (1,327) (7.41)
Business Banking 10,528 11,124 (596) (5.36)
Financial Institution 8,772 4,465 4,307 96.46
Total Loans 100,412 84,023 16,389 19.51
Loans based on Economic Sector
In terms of total loans by economic sector, the processing industry was the largest contributor to the total loans with
24.1 per cent or equivalent to IDR24,247 billion. The wholesale and retail trading was the second largest with 20.1 per
cent or equivalent to IDR20,201 billion.
Allowance for impairment losses on loans in 2024 was IDR3,960 billion, decreased by 3.7 per cent or IDR151 billion
compared to IDR4,111 billion in 2023.
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Management Discussion and Analysis
2024 2023 Increase/(Decrease)
Loans by Economic Sector
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Processing industry 24,247 21,319 2,928 13.73
Wholesale and retail trading 20,201 18,720 1,481 7.91
Household 16,583 17,625 (1,042) (5.91)
Mining and excavation 11,541 7,249 4,292 59.21
Financial and insurance activities 7,500 3,455 4,045 117.08
Agriculture, forestry and fisheries 4,544 1,854 2,690 145.09
Transportation and warehousing 3,751 661 3,090 467.47
Building construction 3,182 2,024 1,158 57.21
Real estate 2,980 4,502 (1,522) (33.81)
Information and communication 2,197 2,634 (437) (16.59)
Accommodation and food and
1,944 2,096 (152) (7.25)
beverages provider
Electricity, gas and air
373 614 (241) (39.25)
procurement
Others 1,369 1,270 99 7.80
Total Loans 100,412 84,023 16,389 19.51
Allowance for impairment losses (3,960) (4,111) 151 (3.67)
Total Loans - Net 96,452 79,912 16,540 20.70
Non-Performing Loans (NPL)
Non-Performing Loans amounting IDR2,055 billion and IDR2,149 billion in 2024 and 2023, respectively. Decreased
on NPL is the result of Bank’s strategy to manage the credit risk appetite and prudent risk principle. Loans by
collectability as of 31 December 2024 and 2023 were as follows:
2024 2023 Increase/(Decrease)
Loans by Collectability
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Current 94,448 77,486 16,962 21.89
Special mention 3,909 4,388 (479) (10.92)
Sub-standard 295 427 (132) (30.91)
Doubtful 445 370 75 20.27
Loss 1,315 1,352 (37) (2.74)
Total Loans 100,412 84,023 16,389 19.51
Non-Performing Loans 2,055 2,149 (94) (4.37)
Gross NPL 2.05% 2.58%
Net NPL 1.11% 1.39%
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In 2024, the gross NPL ratio decreased by 0.5 per cent point, from 2.6 per cent in 2023 to 2.1 per cent in 2024. The
net NPL ratio also decreased by 0.3 per cent point, from 1.4 per cent in 2023 to 1.1 per cent in 2024. The Bank was
able to maintain its asset quality as reflected in the NPL ratio was far below the maximum of 5.00 per cent set by
the Regulator.
Allowance for Impairment Losses on Loans
Allowance for impairment losses on loans in 2024 was IDR3,960 billion, decreased by 3.7 per cent or IDR151 billion
compared to IDR4,111 billion in 2023. The impairment loss allowance provided was sufficient to cover potential losses
arising from uncollectible loans.
Non-Current Assets
Non-current assets consist of deferred tax assets, fixed assets and right-of-use assets, intangible assets, and other
assets.
In 2024, the non-current assets increased by IDR639 billion or 8.9 per cent.
Intangible Assets
In 2024, intangible assets – net amounting IDR1,097 billion, decreased by 3.0 per cent or IDR33 billion from IDR1,130
billion in 2023. The intangible assets occurred due to acquisition of consumer business from Citi in 2023. The intangible
assets consist of goodwill and other intangible assets related to the above transaction.
Liabilities
The majority of UOB Indonesia’s liabilities were derived from deposits from non-bank customers which contribute
84.5 per cent of total liabilities in 2024.
Total liabilities of UOB Indonesia decreased from IDR144,945 billion in 2023 to IDR138,316 billion, equal to 4.6 per
cent or IDR6,629 billion. The decrement was mainly led by liabilities on securities sold under repurchase agreements
that decreased by IDR7,720 billion.
2024 2023 Increase/(Decrease)
Liabilities
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Current liabilities 504 475 29 6.11
Deposits from customers 116,912 119,283 (2,371) (1.99)
Deposits from other banks 4,440 1,399 3,041 217.37
Interest payables 196 199 (3) (1.51)
Tax payables 105 171 (66) (38.60)
Derivative payables 2,226 1,223 1,003 82.01
Acceptance payables 2,307 2,412 (105) (4.35)
Liabilities on securities sold under
5,576 13,296 (7,720) (58.06)
repurchase agreements
Liabilities for employee’s benefits 439 344 95 27.62
Debt securities issued - net 1,042 1,443 (401) (27.79)
Other liabilities 4,569 4,700 (131) (2.79)
Total Liabilities 138,316 144,945 (6,629) (4.57)
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Management Discussion and Analysis
Customer Deposits
Customer deposits consist of demand deposits, saving deposits, and time deposits. In 2024, customer deposits
amounting IDR116,912 billion, decreased by 2.0 per cent from IDR119,283 billion in 2023. The decrement was influenced
by lower time deposits from IDR58,095 billion to IDR49,701 billion which was set-off by increment on demand deposits
from IDR23,702 billion to IDR32,135 billion. This was derived from Bank’s strategy to marketed the time deposits
product more selectively with competitive interest rate while focusing more on low cost funding.
2024 2023 Increase/(Decrease)
Customer Deposits
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Demand deposits 32,135 23,702 8,433 35.58
Saving deposits 35,076 37,486 (2,410) (6.43)
Time deposits 49,701 58,095 (8,394) (14.45)
Total Customers Deposits 116,912 119,283 (2,371) (1.99)
Customer Deposits by Currency
The composition of customer deposits in Rupiah and foreign currencies in 2024 was 68.5 per cent and 31.5 per cent,
respectively. Customer deposits in Rupiah amounted to IDR80,102 billion in 2024, increased by 2.1 per cent from the
position in 2023. Foreign currency-denominated third-party funds decreased by 9.8 per cent from the previous year.
2024 2023 Increase/(Decrease)
Customer Deposits by Currency
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Rupiah 80,102 78,478 1,624 2.07
Foreign currencies 36,810 40,805 (3,995) (9.79)
Total 116,912 119,283 (2,371) (1.99)
Deposits from Other Banks
Deposits from other banks amounting IDR4,440 billion, increased by 217.4 per cent or IDR3,041 billion, from IDR1,399
billion in 2023. The increase in deposits from other banks was mainly due to call money of IDR3,089 billion.
2024 2023 Increase/(Decrease)
Deposits from Other Banks
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Call Money 4,354 1,265 3,089 244.19
Demand deposits 56 107 (51) (47.66)
Time deposits 19 10 9 90.00
Saving deposits 11 17 (6) (35.29)
Total 4,440 1,399 3,041 217.37
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Deposits from Other Banks by Currency
Deposits from other banks denominated in Rupiah increased by 45.4 per cent or IDR632 billion to IDR2,024 billion in
2024. The composition of deposits in Rupiah and foreign currencies was 45.6 per cent and 54.4 per cent respectively
in 2024.
2024 2023 Increase/(Decrease)
Deposits from Other Banks by
Currency
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Rupiah 2,024 1,392 632 45.40
Foreign Currencies 2,416 7 2,409 n.m.
Total 4,440 1,399 3,041 217.37
Debt Securities Issued
Debt securities issued amounting IDR1,042 billion decreased by 27.8 per cent or IDR401 billion, from IDR1,443 billion
in 2023. The decrement derived from:
1. Repayment principal of Bank UOB Indonesia Subordinated Debt Shelf Offering I Phase II Year 2017 with total
amount of IDR500 billion that matured on 17 October 2024;
2. Repayment principal of Bank UOB Indonesia Senior Debt Shelf Offering III Phase I Year 2021 totalling IDR100
billion that matured on 2 September 2024; and
3. Set-off by issuance of Bank UOB Indonesia Subordinated Debt Shelf Offering IV Phase I Year 2024 on 26 June
2024 with tenor 7 years since issuance date totaling IDR100 billion with fixed interest rate of 7.50 per cent. In
addition, Bank also issued Bank UOB Indonesia Senior Debt Shelf Offering IV Phase I Year 2024 on 26 June 2024
with tenor 1 year since issuance date totaling IDR100 billion with fixed interest rate of 6.70 per cent.
Equity
Total equity of UOB Indonesia in 2024 was IDR17,826 billion, increased by 1.3 per cent or
IDR225 billion, from IDR17,601 billion in 2023. The increment on equity is derived from 2024 retained earnings.
2024 2023 Increase/(Decrease)
Equity
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Share capital 3,057 3,057 - 0.00
Additional paid-in capital 4,939 4,939 - 0.00
Other comprehensive income (289) (108) (181) 167.59
Retained earnings
Appropriated 152 145 7 4.83
Unappropriated 9,967 9,568 399 4.18
Total Equity 17,826 17,601 225 1.28
In 2024, there was no dividend payment.
The Bank’s policy is to maintain adequate and efficient capital structure to support business growth.
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Management Discussion and Analysis
Statement of Cash Flows
The Statement of Cash Flows is classified on the basis of operating, investing, and financing activities.
Cash and cash equivalents consists of cash, current accounts with Bank Indonesia, current accounts with other banks,
placements with Bank Indonesia and other banks, trading securities and financial investments maturing within 3
months or less from the acquisition date provided they are not used as collateral for borrowings nor restricted.
(expresses in billions of Rupiah, unless otherwise stated)
2024 2023 Increase/(Decrease)
Cash Flows
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Net Cash (Used in)/ Provided by Operating
(1,718) (730) (988) 135.34
Activities
Net Cash Provided by/(Used in) Investing
3,640 (3,121) 6,761 (216.63)
Activities
Net Cash (Used in)/ Provided by Financing
(511) 1,285 (1,796) (139.77)
Activities
Net increase/(decrease) in Cash and Cash
1,411 (2,566) 3,977 (154.99)
Equivalents
Net effect on exchange rate on Cash and Cash
107 (31) 138 (445.16)
Equivalents
Cash and Cash Equivalents At Beginning of Year 13,946 16,543 (2,597) (15.70)
Cash and Cash Equivalents At The End Of Year 15,464 13,946 1,518 10.88
Net Cash (Used in)/Provided by Operating The increase mainly resulted from purchase of financial
Activities investments from (IDR4,676) billion in 2023 to IDR4,504
Net cash used in operating activities increased by billion in 2024.
IDR988 billion, from IDR730 billion in 2023 to IDR1,718
billion in 2024. Net Cash (Used in)/Provided by Financing
Activities
The increment derived from higher interest and operating Net cash used in financing activities increased by
expenses paid as well as an increase in loans disbursed IDR1,796 billion, from IDR1,285 billion in 2023 to (IDR511)
in 2024. In addition, the decreased in the movement of billion in 2024.
trading securities, securities purchased with agreements
to resell and the saving deposit also support the decline Higher cash used in financing activities derived from the
on the cash used in operating activities. repayment of 2 debt securities issued that is matured
in 2024 amounting IDR600 billion in September and
Net Cash Provided by/(Used in) Investing October 2024. In addition, Bank also issued 2 new debt
Activities securities in June 2024 with total issuance of IDR200
Net cash provided by investing activities increased by billion.
IDR6,761 billion, from (IDR3,121) billion in 2023 to IDR3,640
billion in 2024.
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Financial Ratios
(in percentage, unless stated otherwise)
Financial Ratios 2024 2023
Capital Adequacy Ratio (CAR) 16.51 18.32
Gross NPL 2.05 2.58
Net NPL 1.11 1.39
Return on Assets (ROA) 0.35 0.61
Return on Equity (ROE) 2.55 4.44
Net Interest Margin (NIM) 3.92 3.85
Operating Expense to Operating Income (BOPO) 95.64 92.31
Loans to Deposit Ratio (LDR) 85.89 69.92
Minimum Statutory Reserves (GWM)
GWM Rupiah
Daily GWM 7.52 9.42
Average GWM 9.11 10.34
Macroprudential Liquidity Buffer 37.98 34.36
Macroprudential Intermediation Ratio 88.83 67.84
GWM Foreign currencies
Daily GWM 4.17 4.67
Average GWM 4.14 4.22
Net Open Positions (NOP) 5.36 4.16
Capital Adequacy Ratio (CAR) Return on Assets (ROA)
In 2024, Capital Adequacy Ratio (CAR) decreased by 1.8 In 2024, Return on Assets (ROA) decreased by 0.3 per
per cent, from 18.3 per cent in 2023 to 16.5 per cent in cent, from 0.6 per cent in 2023 to 0.3 per cent in 2024.
2024, mainly due incremental in the risk weighted assets.
The decrement in ROA due to lower income before tax
In 2024 and 2023, the Bank is in compliance with the expense by 38.1 per cent or IDR347 billion.
capital adequacy requirement regulations.
Return on Equity (ROE)
Non-Performing Loans (NPL) In 2024, Return on Equity (ROE) decreased by 1.9 per
In 2024, the gross NPL ratio decreased by 0.5 per cent, cent, from 4.4 per cent in 2023 to 2.5 per cent in 2024.
from 2.6 per cent in 2023 to 2.1 per cent in 2024.
The decrease in ROE was due to the decrement
The net NPL ratio also decreased by 0.3 per cent, from in income for the year by 39.9 per cent or
1.4 per cent in 2023 to 1.1 per cent in 2024. IDR269 billion and increase in total equity by 1.3 per cent
or IDR225 billion.
Non-Performing Loans (NPL) amounted to IDR2,055
billion and IDR2,149 billion in 2024 and 2023, respectively.
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Management Discussion and Analysis
Net Interest Margin (NIM)
Net Interest Margin (NIM) in 2024 and 2023 were 3.9 In 2024 and 2023, the Bank is in compliance with the
per cent and 3.8 per cent respectively, increased by 0.1 statutory reserve requirement regulations.
per cent.
Net Open Position (NOP)
Operating Expense to Operating In 2024 and 2023, the Bank is in compliance with the net
open position regulations and there was no breach.
Income (BOPO)
BOPO ratio increased by 3.3 per cent to 95.6 per cent in
2024 compared to 2023 by 92.3 per cent. Legal Lending Limit (LLL)
In 2024 and 2023, the Bank is in compliance with the
legal lending limit (LLL) regulations, both for the related
Loans to Deposit Ratio (LDR) and non-related party borrowers.
Loans to Deposit Ratio (LDR), which identifies the extent
to which the Bank’s loans are funded by customer’s
deposits was 85.9 per cent in 2024, increased by 15.9 per
cent compared to 70.0 per cent in 2023.
Minimum Statutory Reserves (GWM)
The Bank is required to maintain Minimum Statutory
Reserves (GWM) in Rupiah for conventional banking
and statutory reserves in foreign currencies for foreign
exchange transactions.
Capital Expenditure
Material Bonds and Investment on Capital Goods
Total capital expenditure decreased by 51.0 per cent or IDR990 billion, from IDR1,941 billion in 2023 to IDR951 billion
in 2024. This increase was due to lower purchase of fixed assets of IDR622 billion.
Investment in capital expenditure is used to develop information technology infrastructure, in addition to office
equipment’s for Bank’s operational needs.
2024 2023 Increase/(Decrease)
Addition to Fixed Assets
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Addition through purchase of fixed assets 866 1,465 (599) (40.89)
Addition through consumer banking business
- 71 (71) (100.00)
acquisition of Citi
Addition of fixed assets through
43 232 (189) (81.47)
reclassification of construction in progress
Addition of right-of-use assets 42 173 (131) (75.72)
Total 951 1,941 (990) (51.00)
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Capital Policy Bank’s capital adequacy ratio was well above the
regulatory requirement, at 16.5 per cent. The overall
Capital Structure balance sheet is resilient with strong asset coverage
The Bank seeks to maintain adequate capital level to ratio and liquidity ratios.
support the businesses and growth, meet regulatory
capital requirements at all times and maintain a good Financial Projection of 2025
credit rating. The Bank aims to maintain sustainable business growth
alongside the Indonesian economic which expected
The Bank also seeks to maintain an efficient capital to grow around 5 per cent in 2025. Resilient domestic
structure, optimise the cost of overall cost of capital, consumption, investment, and higher net exports amidst
and to deliver sustainable dividend returns to our higher commodity revenue are expected to boost loans
shareholders. and deposits growth with LDR target at 80 per cent.
We achieve these objectives through the Bank’s The Bank is committed to support our Wholesale
Capital Management Framework which set forth the customers through the delivery of sector-specific
capital targets and risk appetite, Internal Capital solutions, offering a holistic suite of Trade, Cash
Adequacy Assessment Process (ICAAP). The annual Management and Treasury platforms. Our deep
capital risk appetite limits are endorsed by the Risk expertise in ASEAN connectivity remains as our value
Management Committee (RMC) and approved by Board proposition.
of Commissioners.
Retail business will continue to drive synergies on the
As of the end of 2024, the Bank’s total capital was enlarged customer base. The Bank will enhance products
IDR17,491 billion and CAR at 16.5 per cent. The Bank’s offerings tailored to the unique personal lifestyles
core capital (Tier 1) accounted for 91.5 per cent of the of Indonesia’s affluent, improve wealth penetration,
Bank’s total capital and Tier 1 capital adequacy ratio at continue momentum of driving new customer growth
15.1 per cent. through co-brand and strategic partners, and revamp
cards value proposition to drive best in classs rewards
Please refer to “GCG – capital table #Capital Composition and features to provide an exceptional customer
(CC1) for more information. experience.
Target Achievement 2024 The Bank will also continue to maintain its healthy CAR
During 2024, loans grew by 20 per cent to IDR100.4 at 16 per cent to 18 per cent and NPL around 2 per
trillion and Loans to Deposit Ratio at 85.9 per cent, which cent. These key focus areas, along with prudent risk
surpassed our target range. Assets quality remained management and continued investments in our people
healthy as reflected in the improvement of NPL ratio from and capabilities, are expected to deliver sustainable
2.6 per cent in 2023 to 2.1 per cent in 2024. CASA grew returns in 2025 with ROE at 4.0 per cent to 6.0 per cent.
by 9.8 per cent to reach IDR67.2 trillion and led CASA mix
ratio at 57.4 per cent. Material Commitments for
Investment in Capital Expenditure
Income before tax at IDR566 billion. Net Interest Income
The Bank has a number of material commitments related
grew mainly from higher loans balance and improved
to capital goods investment, mainly aimed at developing
yield. Whilst other income increased from fee based
information technology infrastructure to support the
income. Total cost increased mainly due to investment in
company’s business development. The cost of material
technology to support future growth.
commitments for this capital goods investment uses the
Bank’s internal funds. Bills and payments for capital
goods investment mostly use Rupiah currency to minimize
exchange rate risk.
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Management Discussion and Analysis
Impact of Change of Laws on Bank Material Information on Transaction
Performance with Conflict of Interest and/or
The change of laws do not have any significant impact Material Transaction with Related
to the Bank’s performance.
Parties
Throughout 2024, there were no transactions that can
be categorized as transactions with conflict of interest.
Accounting Standards Issued but not
yet Effective In 2024, in carrying out its business activities, UOB
The standards and interpretations that are issued by Indonesia conducted several transactions with related
the Indonesian Financial Accounting Standards Board parties, including loans and deposits from customers.
(DSAK), but not yet effective for current year financial For details, please refer to Notes No. 37 in Notes to the
statements are disclosed below. Financial Statements.
Effective on or after 1 January 2025
SFAS 221: “The Effect of Changes in Foreign Exchange Dividend Policy and Net Profit Usage
Rates on the Lack of Convertibility”. Dividend distribution is conducted based on decision
taken in Annual General Meeting of Shareholders, by
The above standards will be effective on 1 January 2025. considering financial condition and UOB Indonesia’s
capital needs attributed with business development,
especially loans growth, as well as taking into account
Effective on or after 1 January 2026 other relevant factors for shareholders.
• SFAS 107: “Financial Instruments: Disclosures about
the Classification and Measurement of Financial
Instruments”.
• SFAS 109: “Financial Instruments”
The above standards will be effective on 1 January 2026
and early adoption is permitted.
As at the authorisation date of this financial statements,
the Bank is still evaluating the potential impact of these
new and revised accounting standards to the financial
statements of the Bank.
Financial Information on
Extraordinary Events
UOB Indonesia did not experience any extraordinary
events that has a material impact to the financial
performance in 2024.
142 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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PT BANK UOB INDONESIA | ANNUAL REPORT 2024 143
Page 146
Management Discussion and Analysis
Good Corporate Governance
146 Good Corporate Governance Structure 232 Administrative Penalties
146 General Meeting of Shareholders 232 Transactions Involving Conflict of
154 Board of Commissioners Interest
161 Board of Directors 232 Bank’s Share and Bond Buybacks
173 Completeness and Implementation of 232 Donation for Social and Political
Committees’ Duties Activities During the Period of 2024
213 Corporate Secretary 233 Code of Conduct
215 Corporate Communications 234 Corporate Culture
216 The Implementation of Compliance, 234 Whistle-blowing
Internal Audit, and External Audit 235 Implementation of Prevention of
Functions Corruption, Kickbacks, Fraud, Bribery
222 The Implementation of Risk and/or Gratification
Management Including Internal Control 236 Internal Communications
System 236 Corporate Social Responsibility
222 Lending to Related Party and Large 237 Customer Protection
Exposure
238 General Conclusion of The Result of Self-
223 Bank’s Strategic Plan Assessment of the Implementation of
224 Shareholders Aspect Good Corporate Governance at PT Bank
224 Transparency of Bank’s Financial UOB Indonesia
and Non Financial Condition Not Yet 241 Risk Management
Disclosed in Other Reports 266 Risk Exposure Table
224 Share Ownership and Financial and
Family Relationships of Members of
the Board of Commissioners and Board
of Directors with Fellow Members of
the Board of Commissioners, Board
of Directors and/or the Controlling
Shareholders of the Bank
227 Disclosure of Remuneration Policy
228 Remuneration Package/Policy and Other
Benefits for Board of Commissioners and
Board of Directors
231 Number of Internal Fraud Cases and
Bank’s Effort to Settle the Cases
231 Number of Legal Cases and Bank’s
Effort to Settle the Cases
231 Legal Cases Faced by the Bank, Board
of Commissioners and Board of Directors
144 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Good Corporate Governance
Good Corporate Governance
PT Bank UOB Indonesia (the Bank or Company) recognises that Good Corporate
Governance (GCG) is essential for building trust with stakeholders, preserving
the Bank’s reputation, and driving sustainable growth. By adhering to the
principles of Ethical Conduct, Accountability, Transparency, and Sustainability,
the Bank ensures that its governance framework aligns with best practices
and regulatory standards. The Bank is committed to continuously monitoring,
evaluating, and enhancing its GCG practices to remain compliant with prevailing
laws and regulations while creating value for all stakeholders.
Good Corporate Governance Structure
A. General Meeting of Shareholders
The General Meeting of Shareholders (GMS) serves as a key forum for shareholders to make key decisions
regarding the Bank’s governance and strategic direction. During the GMS, shareholders have the authority
to assess the performance of the Board of Commissioners and the Board of Directors, appoint or accept the
resignation of members of the Board of Commissioners and Board of Directors, determine the type and amount
of compensation/remuneration and other benefits for the members of Board of Commissioners and Board of
Directors, approve the annual report, approve the proposed allocations for the Bank’s profits, and appoint an
Independent Auditor. The Annual General Meeting of Shareholders (AGM) is convened once a year, while an
Extraordinary General Meeting of Shareholders (EGMS) may be held as needed to address specific matters.
General Meeting of Shareholders 2024
In 2024, the Bank convened 1 (one) AGM.
AGM 2024
Resolution Date:
30 April 2024 Quorum:
Venue: The AGM was attended by the Company’s shareholders and/or their proxies, who
UOB Plaza 45 th
Floor, collectively hold 12,105,166,540 shares (98.999%) of the Company’s 12,227,591,633
Jalan M. H. Thamrin No. fully issued and paid-up shares.
10, Central Jakarta 10230
Attendance of the Board of Commissioners: Attendance of the Board of Directors:
Name Position Name Position
Wayan Alit Antara Independent Commissioner Hendra Gunawan President Director
VJH Boentaran Lesmana Independent Commissioner Teh Han Yi Director
Johanes Susilo Independent Commissioner Paul Rafiuly Director
Harapman Kasan Director
Sonny Samuel Director
Ardhi Wibowo Compliance Director
Choi Yau Chi Director
Henry Santoso Director
Cristina Teh Tan Candidate of Director
146 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Summary of Resolution
AGM Resolution First 1. Approved the Company’s Annual Report for the financial year ended 31
Agenda December 2023, including the Board of Directors’ Report and Board of
Approval on the Annual Commissioners’ Supervisory Task Report for the year ended 31 December 2023,
Report of the Company as well as ratified the Company’s Financial Statement for the financial year as
for the Financial Year of 31 December 2023 which had been audited by the Public Accounting Firm
ended 31 December 2023 Purwantono, Sungkoro & Surja, who had provided an unmodified opinion as
including the Financial stated on its report dated 28 February 2024.
Statements of the 2. Approved the acquit and discharge (acquit et de charge) to the members of
Company, Report from the the Board of Directors for the management actions and members of the Board
Board of Directors and of Commissioners for the supervision performed during the year of 2023,
Oversight Report of the insofar reflected in the Company’s Annual Report and Financial Report of the
Board of Commissioners. Company for year 2023.
AGM Resolution Second 1. The amount of IDR6,749,630,300.- (six billion seven hundred forty nine million
Agenda six hundred thirty thousand and three hundred Rupiah) booked as general
Determination of the reserve to comply with the provisions in Article 70 of the Company Law and
Allocation of Net Profit of Article 20 of the Articles of Association of the Company.
the Company for Financial 2. Recorded the entire net profit earned in financial year 2023 after deducting
Year ended 31 December the general reserve as Retained Earnings amounting IDR668,213,399,733.-(six
2023. hundred sixty eight billion two hundred thirteen million three hundred ninety
nine thousand and seven hundred thirty three Rupiah) to strengthen the
Company’s capital position. For the financial year of 2023, the Company did
not distribute any dividend.
AGM Resolution Third 1. Approved the delegation of authority to the Board of Commissioners to appoint
Agenda a Public Accountant and Public Accounting Firm which is registered with the
Appointment of Public Financial Services Authority to audit the Company’s financial statements for
Accountant and Public the financial year of 2024, and to determine of the audit service fee and
Accounting Firm to Audit other requirements in relation to such appointment, with consideration to the
Company Books for recommendations from the Audit Committee.
Financial Year of 2024 2. Approved the delegation of authority to the Board of Directors to sign the
and determination of engagement contract and other requirements in relation to the appointment
the Audit Service Fee of Public Accountant and Public Accounting Firm.
and Other Requirements
in relation to such
Appointment.
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 147
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Good Corporate Governance
AGM Resolution Fourth 1. Accepted the resignation of Mr Choi Yau Chi as Director of the Company in
Agenda accordance with his resignation letter dated 5 April 2024 which will be effective
Changes Composition of as of 30 June 2024 (”Effective Date”); further granted Mr Choi Yau Chi a full
the Management of the release and discharge from his responsibilities in carrying out the management
Company. of the Company in his position as Director of the Company from 1 January 2024
to 30 June 2024; so long as such actions are reflected in the Annual Report
and Financial Report for the Financial Year of 2024 which will be approved and
ratified at the Company’s AGM for the Financial Year of 2024, in accordance with
the provisions of the Articles of Association of the Company.
2. Approved the appointment of Ms Cristina Teh Tan as Director of the Company
effective from the closing of the 2024 AGM until the closing of the 2025 AGM.
The composition of the members of the Board of Directors before the Effective
Date are as follows:
BOARD OF DIRECTORS
President Director : Mr. Hendra Gunawan
Director : Ms. Teh Han Yi
Director : Mr. Paul Rafiuly
Director : Mr. Harapman Kasan
Director : Mr. Sonny Samuel
Compliance Director : Mr. Ardhi Wibowo
Director : Mr. Choi Yau Chi*)
Director : Mr. Henry Santoso
Director : Ms. Cristina Teh Tan
*) the resignation of Mr Choi Yau Chi will be effective as of 30 June 2024.
Therefore, the composition of the Board of Directors after the Effective Date
until the closing of the AGM of the Company which will be held in 2025 will be
as follows:
BOARD OF DIRECTORS
President Director : Mr. Hendra Gunawan
Director : Ms. Teh Han Yi
Director : Mr. Paul Rafiuly
Director : Mr. Harapman Kasan
Director : Mr. Sonny Samuel
Compliance Director : Mr. Ardhi Wibowo
Director : Mr. Henry Santoso
Director : Ms. Cristina Teh Tan
3. Granted Board of Directors of the Company the authority to restate the
changes of the Management of the Company in a separate deed drawn up
before a Notary where necessary and to arrange the notification report to the
Ministry of Law and Human Rights of the Republic of Indonesia.
AGM Resolution Fifth Since the resolution of the Fifth Agenda was decided at the AGM which was
Agenda held on 3 May 2023 and there were no changes to the resolution that had been
Determination on determined, no discussion and no resolutions was made towards the Fifth Agenda
the Remuneration for of the Meeting.
Members of the Board
of Commissioners and
Members of the Board of
Directors of the Company
148 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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AGM 2023
Resolution Date:
3 May 2023 Quorum:
Venue: The AGM was attended by shareholders and/or their proxies representing
UOB Plaza 45 Floor, Jalan M. H. 11,074,641,963 shares or 98.999% of 11,186,644,888 shares with voting
th
Thamrin No. 10, Central Jakarta rights issued by the Bank.
10230
Attendance of the Board of Commissioners: Attendance of the Board of Directors:
Name Position Name Position
VJH Boentaran Lesmana Independent Commissioner Hendra Gunawan President Director
Aswin Wirjadi Independent Commissioner Teh Han Yi Director
Wayan Alit Antara Independent Commissioner Paul Rafiuly Director
Harapman Kasan Director
Sonny Samuel Director
Ardhi Wibowo Compliance Director
Summary of Resolution
AGM Resolution First Agenda 1. Approved the Company’s Annual Report for the financial year
ended 31 December 2022, including the Board of Directors' Report
and Board of Commissioners’ Supervisory Task Report for the
year ended 31 December 2022, as well as ratified the Company’s
Financial Statement for the financial year as of 31 December 2022
which had been audited by Public Accounting Firm Purwantono,
Sungkoro & Surja, who had provided an unmodified opinion, as
stated on its report dated 24 February 2023.
2. Approved the acquit and discharge (acquit et de charge) for
the members of the Board of Directors for management actions
and members of the Board of Commissioners for the supervision
they performed during the year of 2022, insofar reflected in the
Company’s Annual Report and Financial Report of the Company
for year 2022.
AGM Resolution Second Agenda 1. The amount of IDR9,515,611,619.- (nine billion, five hundred fifteen
million, six hundred eleven thousand, six hundred nineteen Rupiah)
was booked as general reserve to comply with the provisions under
Article 70 of the Company Law and Article 20 of the Articles of
Association of the Company.
2. Recorded the entire net profit earned in financial year 2022 after
deducting the general reserve as Retained Earnings amounting
IDR942,045,550,322.- (nine hundred forty two billion, forty five
million, five hundred fifty thousand, three hundred twenty two
Rupiah) to strengthen the Company’s capital position. The Company
did not distribute any dividend for the financial year of 2022.
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Good Corporate Governance
Summary of Resolution
AGM Resolution Third Agenda 1. Approved the delegation of authority to the Board of Commissioners
to appoint a Public Accountant and Public Accountant Firm
registered with the Financial Services Authority to audit the
Company’s financial statements for the financial year of 2023,
and to determine of the audit service fee and other requirements
in relation to such appointment, with consideration to the
recommendations of the Audit Committee.
2. Approved to the delegation of authority to the Board of Directors
to sign the engagement contract and other requirements in relation
to the appointment of Public Accountant and Public Accountant
Firm.
AGM Resolution Fourth Agenda 1. Approved the re-appointment of the members of the Board of
Commissioners of the Company with the composition, as follows:
• Mr. Wee Ee Cheong as the President Commissioner;
• Mr. Chin Voon Fat as the Deputy Commissioner;
• Mr. Chan Kok Seong as the Commissioner;
• Mr. Wayan Alit Antara, Mr. Aswin Wirjadi, and Mr. VJH Boentaran
Lesmana as Independent Commissioners, respectively,
Each re-appointment will be effective from the closing of this AGM until
the closing of the Company’s AGM which will be convened in 2025.
The composition of the members of the Board of Commissioners
after the closing of the AGM as follows:
BOARD OF COMMISSIONERS
President Commissioner : Mr. Wee Ee Cheong
Deputy President Commissioner : Mr. Chin Voon Fat
Commissioner : Mr. Chan Kok Seong
Independent Commissioner : Mr. Wayan Alit Antara
Independent Commissioner : Mr. Aswin Wirjadi
Independent Commissioner : Mr. VJH Boentaran Lesmana
Effective from the closing of the 2024 AGM until the closing of the
2025 AGM.
2. Approved the delegation of authority to the Board of Directors to
restate changes of the members of the Board of Commissioners in a
separate deed drawn up before a Notary (where necessary) and to
arrange the notification report to the Ministry of Law and Human
Rights of the Republic of Indonesia.
AGM Resolution Fifth Agenda 1. Approved the delegation of authority to the major shareholder
of the Company, namely UOB International Investment Private
Limited (UOBII) to determine the amount of honorarium, facilities,
allowances and bonuses/tantiem for the financial years 2023 to
2025 for all members of the Board of Commissioners of the Company,
taking into account the recommendations of the Remuneration and
Nomination Committee.
2. Approved the delegation of authority to the Board of Commissioners
of the Company to determine the amount of salary, facilities,
allowances and bonuses/tantiem for financial years 2023 to 2025
for all members of the Board of Directors of the Company; taking
into account the recommendations of the Remuneration and
Nomination Committee.
150 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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EGM 2023
Resolution Date:
26 October 2023 Quorum:
Venue: The EGM was attended by shareholders and/or their proxies representing
UOB Plaza 45th Floor, Jalan M. H. 11,186,528,719 shares or 99.999% of 11,186,644,888 shares with voting rights
Thamrin No. 10, Central Jakarta issued by the Bank
10230
Attendance of the Board of Commissioners: Attendance of the Board of Directors:
Name Position Name Position
Wayan Alit Antara Independent Commissioner Hendra Gunawan President Director
Teh Han Yi Director
Paul Rafiuly Director
Harapman Kasan Director
Sonny Samuel Director
Ardhi Wibowo Compliance Director
Henry Santoso Director
Summary of Resolution
EGM Resolution First Agenda 1. Approved the increase in the issued and paid-up capital of the
Company by issuing 1,040,946,745 (one billion forty million nine
hundred forty six thousand and seven hundred forty five) new
shares with nominal amount of IDR250 (two hundred and fifty
Rupiah) each or a total nominal value of IDR260,236,686,250.-
(two hundred and sixty billion two hundred thirty six million six
hundred eighty six thousand and two hundred and fifty Rupiah)
(“New Shares”), therefore increasing the issued and paid-up
capital from IDR2,796,661,222,000.- (two trillion and seven
hundred ninety six billion six hundred sixty one million and two
hundred twenty two thousand Rupiah) to a maximum total value
of IDR3,056,897,908,250.- (three trillion and fifty six billion eight
hundred ninety seven million nine hundred eight thousand and
two hundred fifty Rupiah), which consist of 12,227,591,633 (twelve
billion two hundred twenty seven million and five hundred ninety
one thousand six hundred thirty three) shares with nominal value
of IDR250.- (two hundred and fifty Rupiah) per share.
2. All New Shares shall pre-emptively be offered to shareholders
in proportion to their shareholdings. The shareholders are also
entitled to subscribe for the remaining unsubscribed shares from
other shareholders who do not exercise their rights, in proportion
to their shareholding, and this offering will not be offered to other
parties except existing shareholders.
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Good Corporate Governance
Summary of Resolution
The New Shares are offered at the price of IDR1,441 (one thousand
four hundred forty one Rupiah) per share and shareholders would
be entitled to 1,768 (one thousand seven hundred and sixty eight)
New Shares for each 19,000 shares owned, with the stipulated
provision that the number of New Shares will be rounded down
if there are fractional shares. The remaining unsubscribed New
Shares (including the accumulated fractions of the New Shares)
will be subscribed by the Standby Buyer.
3. Approved the amendment to the Article 4 paragraph (2) of the
Articles of Association of the Company and the composition of the
Company’s shareholders to be adjusted in line with the results of
the right issue of New Shares as described in point 1 and 2 above.
4. Approved the delegation of authority to the Board of
Commissioners of the Company in the event that the re-approval
or confirmation of an increase in the issued and paid-up capital
of the Company is required.
5. Approved the delegation of authority to the Board of Directors of
the Company to take all actions deemed necessary in conjunction
with the issuance of the New Shares as mentioned above, including
to submit an Offering Letter to each shareholder, to determine
the payment schedule and to determine other requirements in
order to achieve the Company’s capital increase objectives and
to state the resolutions to the amendment of Article 4 of the
Articles of Association and the composition of shareholders in
the Notarial deed, to notify the competent authority and to take
all other necessary actions in connection with such resolutions in
accordance with applicable laws and regulations, without any
exception.
152 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Summary of Resolution
EGM Resolution Second Agenda 1. Accepted the resignation of Mr. Aswin Wirjadi as Independent
Commissioner of the Company in accordance with his resignation
letter dated 10 October 2023 effective from the closing of this
AGM, and further granted Mr. Aswin Wirjadi a full release and
discharge from his responsibilities in carrying out the management
of the Company in his position as Independent Commissioner of
the Company from 1 January 2023 to 26 October 2023, so long
as such actions are reflected in the Annual Report and Financial
Report for the Financial Year of 2023 which will be approved and
ratified during the Company’s AGM for the Financial Year of 2023,
in accordance with the provisions of the Articles of Association of
the Company.
2. Approved the appointment of Mr. Johanes Susilo as Independent
Commissioner of the Company effective from the effective date of
relinquishment of the relevant position at another company based
on receipt from the Ministry of Law and Human Rights of the
Republic of Indonesia (“MoLHR”) regarding receipt of notification
to the MoLHR regarding the relinquishment of the said position
(“Effective Date”) until the closing of of the Company’s AGM which
will be held in 2025.
Thus, the composition of the members of the Board of
Commissioners after the Effective Date until the closing of the
Company’s 2025 AGM, would be as follows:
BOARD OF COMMISSIONERS
President Commissioner : Mr. Wee Ee Cheong
Deputy President Commissioner : Mr. Chin Voon Fat
Commissioner Mr. Chan Kok Seong
Independent Commissioner : Mr. Wayan Alit Antara
Independent Commissioner : Mr. VJH Boentaran Lesmana
Independent Commissioner : Mr. Johanes Susilo*
*Provided that the appointment of Mr. Johanes Susilo will be
effective as of the Effective Date mentioned above.
3. Granted authority to the Board of Directors to restate the changes
in membership of the Board of Commissioners of the Company in
a separate deed drawn up before a Notary (if necessary) and to
arrange the notification report to the Ministry of Law and Human
Rights of the Republic of Indonesia.
Statement Concerning Unrealised 2024 GMS Resolutions
2024 AGM resolutions had been realised and there were no resolutions that had not been realised or delayed.
Statement Concerning Unrealised 2023 GMS Resolutions
All 2023 AGM and EGM resolutions had been realised and there were no resolutions that had not been realised
or delayed.
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Good Corporate Governance
B. Board of Commissioners and be responsible for such supervision,
As stipulated in the Articles of Association, laws and regulations, articles of
the Board of Commissioners is responsible association and GMS resolutions in
for supervising management policies and good faith, with full responsibility and
overseeing the general conduct of the Company observing prudential principles.
and its business operations. This role includes c. Direct, monitor, and evaluate the
providing guidance and strategic advice to implementation of governance,
the Board of Directors to ensure effective risk management, and compliance
governance and the achievement of the integratedly as well as the Bank’s
Company’s objectives. Furthermore, the Board strategic policies, in accordance with
of Commissioners functions as a collective prevailing laws and regulations, Bank’s
body, making decisions and acting jointly, articles of association, and/or GMS
and upholding the principles of accountability decree.
and effective oversight within the Company’s d. Ensure that the Board of Directors
governance framework. had taken follow up actions on audit
findings and recommendations from the
1. Work Guidelines and Regulations of Bank’s Internal Audit Work Unit, external
Board of Commissioners auditor, and supervision findings of OJK
In carrying out their duties and and/or other authorities.
responsibilities, members of the Board e. Approve and/or supervise, either
of Commissioners adhere to the Work directly or through the committees
Guidelines and Regulations of the Board under the Board of Commissioners,
of Commissioners, which are aligned with the implementation of Business Plan,
the regulations of Bank Indonesia and review and approve the annual report,
the Financial Services Authority (OJK). and approve several Bank’s policies in
These guidelines are periodically reviewed accordance with applicable regulations.
to ensure compliance with the latest f. Evaluate, direct, and monitor the
regulatory requirements. The most recent strategic plan and implementation
update, conducted in 2023, aligned the of the Bank’s Information Technology
guidelines with the latest OJK regulation on (IT) governance in accordance with
Governance Implementation in Commercial applicable regulations.
Banks. This update was formalised through g. Report to the OJK no later than 5 (five)
the Decree of the Board of Commissioners of business days upon the finding of the
PT Bank UOB Indonesia No. 23/COM/0006 following:
dated 27 December 2023, regarding the • Violation of financial and banking
Work Guidelines and Regulations of the laws and regulations; and
Board of Commissioners of PT Bank UOB • Condition or anticipated condition
Indonesia. that may endanger the Bank’s
business continuity.
2. Duties and Responsibilities of the Board h. To support the effectiveness of
of Commissioners the implementation of its tasks
The Board of Commissioners assumes and responsibilities, the Board of
the following duties and responsibilities Commissioners must establish at least:
pursuant to the Board of Commissioners’ • Audit Committee;
Work Guidelines and Regulations: • Risk Monitoring Committee;
a. Ensure the implementation of GCG in • Remuneration and Nomination
each of the Bank’s business activity on Committee; and
all organisational levels or hierarcy. • Integrated Corporate Governance
b. Perform supervision for the interest Committee, in order to support
of the Bank over the policies and the implementation of integrated
management of the Board of Directors, corporate governance.
provide advice to the Board of Directors,
154 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
Page 157
• and ensure that the established requirements of the prevailing laws
Committees perform their duties and regulations.
effectively. b. Have integrity, competence and
i. Monitor the Bank’s Soundness Level good financial reputation as
and take necessary actions to maintain required in the applicable laws and
and/or improve the Bank’s soundness. regulations.
j. Conduct active supervision on the c. Independent Commissioner
implementation of the Compliance candidates must also meet the
Function. requirements as determined by the
k. Convene meetings of the Board of laws and regulations.
Commissioners on a regular basis, 4. Any nomination for the appointment
at least once in 2 (two) months, at of any Member of the Board of
which all members of the Board of Commissioners to the GMS must take
Commissioners must be physically into account the recommendation of
present at least 2 (two) times a year. the Remuneration and Nomination
In the event that a non-Independent Committee. In the event that any
Commissioner is unable to attend the member of the Remuneration and
meeting physically, he may attend the Nomination Committee has any conflict
meeting through teleconference. of interest with any recommended
l. Convene joint meetings with the Board candidate, such conflict of interest must
of Directors at least once in 4 (four) be declared in the nomination.
months. 5. An Independent Commissioner who
has served for 2 (two) terms of service
3. Nomination and Criteria for Candidate of consecutively may be reappointed for
the Board of Commissioners another term. The following would be
The Bank has established Policies considered:
and Procedures for the Nomination, a. Assessment result of the
Replacement, and/or Dismissal of Members performance of Independent
of the Board of Commissioners, Board of Commissioner;
Directors, Senior Executives, and Committees b. Assessment result from the Board
Reporting to the Board of Commissioners of of Commissioners Meeting which
PT Bank UOB Indonesia. These policies are states that the said Independent
outlined in the Board of Directors’ Decree Commissioner has remained able
No. 23/SKDIR/0138, which specifies the to perform independently;
nomination process and criteria for members c. Assessment result from the Internal
of the Board of Commissioners, as follows: Audit Head and Executive Officer
who is in charge of the human
1. Members of the Board of Directors, the resources function which states
Board of Commissioners and/or Majority that the Independent Commissioner
Shareholders of the Bank may propose can still act independently;
nominations for candidate members d. The declaration by the Independent
of the Board of Commissioners, if Commissioner of his independency
necessary. during the GMS.
2. Nomination of candidates for 6. Recommendations for the Remuneration
appointment to the Board of and Nomination Committee are at
Commissioners shall be submitted to the least based on the requirements for
Bank’s Remuneration and Nomination the criteria for members of the Board
Committee. of Commissioners as stipulated in the
3. The nominated candidates must at applicable laws and regulations.
least meet the following criteria:
a. Indonesian Nationals and/or
Foreign Nationals meeting the
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 155
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Good Corporate Governance
4. Composition, Criteria and Independence of the Board of Commissioners
The following are the members of the Board of Commissioners of the Bank as of 31 December 2024:
Name Position Basis of Appointment Term of
Regulator GMS Re-Appointment Office
Approval
Wee Ee President 22 October 2019 29 April 2019
Cheong Commissioner
Chin Voon Fat Deputy 20 September 29 April 2019
President 2019
Commissioner
2023 to
Chan Kok Commissioner 20 September 29 April 2019 3 May 2023
2025
Seong 2019
Wayan Alit Independent 8 January 2009 20 June 2008
Antara Commissioner
VJH Boentaran Independent 22 December 9 May 2018
Lesmana Commissioner 2017
Johanes Susilo Independent 20 September 26 October 2023 to
-
Commissioner 2023 2023 2025
Members of the Board of Commissioners of the Board of Commissioners do not
serve a term of 2 (two) years. The tenure have up to the second-degree familial
for the current members of the Board of relationships with fellow members of the
Commissioners will conclude at the closing Board of Commissioners and/or members of
of the Bank’s AGM scheduled for 2025. the Board of Directors.
Article 2 paragraph (5) of the Decree of the None of the Independent Commissioners
Board of Commissioners of PT Bank UOB of the Bank has financial, management,
Indonesia No. 23/COM/0006 regarding shareholding, and/or up to second-degree
Guidelines and Work Rules for the Board of familial relationships with fellow members
Commissioners of the Bank reads as follows: of the Board of Commissioners, members
“At least 50% of the total members of the of the Board of Directors and/or majority
Board of Commissioners are Independent shareholders that may affect his ability to
Commissioners”. As of 31 December 2024, act independently.
the Bank has complied with this provisions,
in view that of 3 (three) members out of 6 (six) Concurrent Position of the Board of
members of the Board of Commissioners are Commissioners
Independent Commissioners. In accordance with Financial Services
Authority (OJK) Regulation No. 17 of 2023
Independence of the Board of concerning Implementation of Governance
Commissioners for Commercial Banks, members of the
Article 8 paragraph (5) of the Work Board of Commissioners are prohibited
Guidelines and Regulations of the Bank’s from holding concurrent positions as
Board of Commissioners states that “More Commissioner, Director or Executive
than 51% (fifty one percent) of members Officer (a) in any bank/non-bank financial
of the Board of Commissioners shall not institution or non-financial institution/
be permitted to have familial relations up company; (b) in more than 1 (one) non-
to the second degree with other members financial institution/company either
of the Board of Commissioners and/or the domiciled domestically or overseas; (c) in the
member of Board of Directors”. All members functional duties of banks and/or non-bank
156 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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financial institutions; (d) in other positions • The declaration of the Independent
that may give rise to a conflict of interest Commisioners of their independence
in carrying out their duties as a member of the GMS.
the Board of Commissioners; and/or (e) in
other positions based on prevailing laws 5. Board of Commissioners Recommendations
and regulations.
In 2024, in performing its supervision
This excludes concurrent positions held by function, the Board of Commissioners has
(a) a member of the Board of Commissioners provided recommendations to Board of
as a director, commissioner or executive Directors, which included:
officer performing supervision in 1 (one)
non-bank subsidiary controlled by the I. Bank’s Business Plan:
Bank; (b) a non-independent Commissioner • Approved the Bank’s revised
performing his functional duties assigned Business Plan for 2024-2026 and
by the Bank’s shareholders for a legal entity Business plan for 2025-2027.
in the Bank’s business group; and/or (c) a • Approved the Supervisory Report of
member of the Board of Commissioners in a Bank Business Plan for the 2nd Half
non-profit organisation or institution. of 2023 and the 1st Half of 2024.
In addition to that, Independent II. Recommendations from Audit
Commissioners are prohibited from holding Committee (AUC), Risk Monitoring
concurrent positions as public officials in Committee (ROC), and Remuneration
executive, legislative, judicial and other and Nomination Committee (RNC):
bodies whose main functions and duties are • Approved the appointment of
related to the administration of the State. Purwantono, Sungkoro & Surja (EY
Indonesia), a Public Accountant
All members of the Board of Commissioners Firm and Yovita as a Public
are in compliance with the aforementioned Accountant, to conduct audits for
regulations. financial year 2024.
• Approved the recommendations
Terms of Office of Independent relating to the amount of
Commissioners remuneration for Directors and total
The term of office of Independent remuneration for Senior Executive
Commissioners follow the general terms Officers and other employees.
of the Board of Commissioners where • Approved the appointment of
Independent Commissioners who have member of the Board of Directors.
served for 2 (two) consecutive terms may be • Approved the appointment of
reappointed as Independent Commissioners members of Committees reporting
in the next period, after considering: to the Board of Commissioners.
• Assessment result of the performance • Approved the recommendation and
of Independent Commissioner; extention of term of office of Senior
• Assessment result in the Board Executive Officers (Member of
of Commissioners Meeting which Senior Management Group/SMG).
states that the said Independent
Commissioner has remained able to
perform independently;
• Assessment result from the Internal
Audit Head and Executive Officer who
is in charge of the human resources
function which states that the
Independent Commissioner can still act
independently; and
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Good Corporate Governance
III. Framework, Risk Management Policies by regulators.
and Risk Appetite Statement: 7. Board of Commissioners Meeting Policy
• Approved the annual review of: The Board of Commissioners Meeting Policy
Risk Management Framework; and is regulated through the Bank’s Board of
Balance Sheet Risk Management- Commissioners’ Charter which sets out the
Framework following:
• Approved the 2025 Risk Appetite a. Meetings are held at least once in 2 (two)
Framework and Statement. months or when deemed necessary by a
member of the Board of Commissioners
IV. Others: or upon written request from the Board
• Approved the Bank’s Sustainable of Directors or upon the request of 1
Finance Action Plan for 2025-2029. (one) or more shareholders holding 1/10
• Approved the Annual Report of (one tenth) of the total number of shares
the Bank including the Financial issued by the Company with valid voting
Statements of the Bank, Report rights.
from Board of Directors, and b. Board of Commissioners Meetings may
Oversight Report of the Board of be held via teleconference but at least 2
Commissioners for the financial (two) Board of Commissioners meetings
year ended 31 December 2023. are to be attended in person by all the
• Approved the schedule and agenda members of Board of Commissioners.
of the AGM dated 30 April 2024. In the event that a Non-Independent
• Approved proposals for projects Commissioner is unable to attend the
submitted by Management meeting physically, he may attend the
including transaction with related meeting via teleconference.
party in adherence with the c. The Board of Commissioners shall
prevailing provisions. schedule joint meetings with the Board
• Approved the revised Information of Directors periodically, at least once in
Technology Strategic Plan (RSTI) for 4 (four) months.
2023 – 2027 and its revision. d. The Board of Commissioners shall
• Approved the Internal Audit Annual schedule Board of Commissioners
Plan and Budget 2024. meetings for the subsequent year
• Approved the Recovery Plan and before the financial year ends.
Resolution Plan.
• Approved the Integrated Corporate 8. Frequency of the Board of Commissioners
Governance Policy for UOB Meetings
Financial Conglomerate. In 2024, the Board of Commissioners held
• Approved the adjustment on AML/ meetings once every two months. During
CFT Policy and Procedures. the sessions, the Board of Commissioners
• Approved the Capital Management received updates from the Directors
Framework. regarding their duties and responsibilities
• Approved the Management Report over the preceding two months and
and Board of Commissioners discussed the overall performance of the
Oversight Result for Payment Bank.
System Service Provider in 2023.
As of 31 December 2024, the Board of
6. Fit and Proper Test Information Disclosure Commissioners had convened 6 (six) Board
Members of the Board of Commissioners of Commissioners meetings and 4 (four)
were all appointed at the GMS after due Joint Meetings with the Board of Directors.
consideration to the key criteria including This frequency aligns with the requirements
integrity, competency, professionalism, and set forth in the OJK Regulation concerning
financial reputation, according to the “fit the meeting obligations of the Board of
and proper” test requirements prescribed Commissioners.
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All meeting outcomes, including any dissenting opinions (if any), were properly recorded in the minutes
of meetings, which are properly maintained by the Corporate Secretary.
Based on the above, the Bank has fully complied with the prevailing regulations governing the Board of
Commissioners’ meetings.
The following is the Commissioners’ attendance at meetings held in 2024:
Name Position Number of Frequency of Percentage
Meetings Attendance (%)
Wee Ee Cheong President Commissioner 6 6 100
Chin Voon Fat Deputy President Commissioner 6 6 100
Chan Kok Seong Commissioner 6 5 83.3
Wayan Alit Antara Independent Commissioner 6 6 100
VJH Boentaran Independent Commissioner 6 6 100
Lesmana
Johanes Susilo* Independent Commissioner 5 5 100
* Mr Johanes Susilo had been appointed pursuant to the resolution of EGM dated 26 October 2023 and effectively served since 30 January 2024
The table below sets out the attendance at Board of Commissioners Joint Meetings with Board of
Directors in 2024:
Name Position Number of Frequency of Percentage
Meetings Attendance (%)
Wee Ee Cheong President Commissioner 4 4 100
Chin Voon Fat Deputy President Commissioner 4 4 100
Chan Kok Seong Commissioner 4 4 100
Wayan Alit Antara Independent Commissioner 4 4 100
VJH Boentaran Independent Commissioner 4 4 100
Lesmana
Johanes Susilo Independent Commissioner 3 3 100
Hendra Gunawan President Director 4 4 100
Teh Han Yi Finance & Corporate Services 4 4 100
Director
Harapman Kasan Wholesale Banking Director 4 4 100
Paul Rafiuly Technology & Operations Director 4 4 100
Sonny Samuel Global Markets Director 4 4 100
Ardhi Wibowo Compliance, Legal & Corporate 4 4 100
Secretary Director
Henry Santoso Risk Management Director 4 4 100
Choi Yau Chi* Strategic Business Development, 2 2 100
Retail & Channels Transformation
Director
Cristina Teh Tan** Consumer Banking Director 2 2 100
*) Mr Choi Yau Chi had effectively resigned as of 30 June 2024 pursuant to the resolution of the AGM on 30 April 2024.
**) Ms Cristina Teh Tan was appointed as Director pursuant to the resolution of the AGM on 30 April 2024 and effectively served
since 22 May 2024.
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Good Corporate Governance
9. Performance Appraisals for the Board of 10. Orientation Programme for New
Commissioners Commissioners
Procedure of Performance Appraisal Newly-appointed member of the Board of
The Bank has established a policy on the Commissioners are required to participate
Guidelines for Commissioners’ Evaluation in an orientation programme designed
and Directors’ Performance Appraisals. This to provide them with comprehensive
policy provides clear technical guidance for knowledge and information about the
the Commissioners in conducting appraisals Bank. This programme equips them with the
and ensures standardisation of the applied understanding necessary to carry out their
performance criteria. The policy governs the duties in an effective and efficient manner.
following aspects: In 2024, a newly appointed Independent
Commissioner, Mr Johnaes Susilo attended
Performance Evaluation the orientation programme.
Each member of the Board of Commissioners
will conduct a self-assessment of his The orientation programme for new
performance 1 (one) time a year. Commissioners comprising documents
prepared by the Corporate Secretary Unit,
Performance Criteria among others, include:
Members of the Board of Commissioners 1. Vision and Mission;
are appraised based on the following: 2. Code of Ethics;
• Independence of the Commissioner; 3. Organisational Structure;
• Fit and proper criteria which comprise 4. Articles of Association;
honesty, integrity, reputation, 5. Good Corporate Governance
competency and financial soundness; Implementation Guidelines;
and 6. Work Guidelines and Regulations of
• Performance of Commissioners. the Board of Commissioners/Board of
Directors;
Evaluation Result 7. Relevant Committee’s Charter;
The results of the self-assessments 8. Regulations related to the Banking and
are reported to the Remuneration and Capital Markets;
Nomination Committee. During 2024, the 9. Financial Report and Annual Report;
Board of Commissioners has effectively and
performed its duties and responsibilities, 10. Business Plan.
ensuring that the Bank’s performance met
the expectations of shareholders and all
stakeholders.
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Training of the Board of Commissioners
No. Name Position Name of Workshop/Training/Dissemination
1 Wee Ee President • Preparation for Banking Risk Management Certification
Cheong Commissioner Qualification Level 6
• Global Market Business Environment – Prakash Kannan,
Chief Economist, GIC
• Quantum Computing - Technology Advisory Panel
• Cyber and Digital Security Landscape - David Koh, Chief
Executive, Cyber Security Agency of Singapore
2 Chin Voon Deputy President • Preparation for Banking Risk Management Certification
Fat Commissioner Qualification Level 6
• Cyber and Digital Security Landscape - David Koh, Chief
Executive, Cyber Security Agency of Singapore
• Future of Work: Building bionic businesses with an AI-
enabled workforce and adaptive leadership – Graeme
Codrington
• Global Market Business Environment - Prakash Kannan,
Chief Economist, GIC
• Quantum Computing - Technology Advisory Panel
3 Chan Kok Commissioner • Preparation for Banking Risk Management Certification
Seong Qualification Level 6
• Cyber and Digital Security Landscape - David Koh, Chief
Executive, Cyber Security Agency of Singapore
• Global Market Business Environment - Prakash Kannan,
Chief Economist, GIC
• Quantum Computing – Technology Advisory Panel
4 Wayan Alit Independent • Preparation for Banking Risk Management Certification
Antara Commissioner Qualification Level 6 Risk Management Alignment
Seminar Qualification Level 6
• UOBI Economic Outlook 2025
5 VJH Independent • Preparation for Banking Risk Management Certification
Boentaran Commissioner Qualification Level 6
Lesmana • Risk Management Alignment Seminar Qualification
Level 6
6 Johanes Independent • Preparation for Banking Risk Management Certification
Susilo Commissioner Qualification Level 6
• Risk Management Alignment Seminar Qualification
Level 6
• UOBI Economic Outlook 2025
C. Board of Directors
The Board of Directors is a key governing organ of the Company, holding the authority and full responsibility
for managing the Bank’s operations in line with its objectives and interests. The Board of Directors also
represents the Bank both inside and outside of court. Each member of the Board of Directors performs his
duties with integrity, diligence, and accountability, adhering to the prevailing laws, regulations, and the
Bank’s Articles of Association.
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Good Corporate Governance
1. Work Guidelines and Regulations of the l. Providing accurate, relevant and timely
Board of Directors data and information to the Board of
In carrying out its duties and responsibilities, Commissioners.
the Board of Directors is guided by the Work
Guidelines and Regulations of the Board of Furthermore, in performing his duties and
Directors, which are aligned with prevailing responsibilities, each member of the Board
laws and regulations. These guidelines of Directors shall refer to the distribution
are reviewed periodically to ensure their of work, responsibility and authority which
relevance and compliance. The most recent is based on the Board of Directors Decree
update was formalised through the Decree No. 24/SKDIR/0147 on the Duties and
of the Board of Directors of PT Bank UOB Authorities of members of the Board of
Indonesia No. 24.SKDIR/0019 dated 21 Directors, with the following details:
February 2024.
President Director
2. Duties and Responsibilities of the Board • Act on behalf of the Board of Directors
of Directors and to represent the Bank.
The principal duties of the Board of • Coordinate the management of the
Directors include, among others: Bank.
a. Managing the Bank pursuant to its • Determine the Bank’s strategy.
authority and responsibilities as stated • Ensure the implementation of
in the Articles of Association and the compliance function, and the
prevailing laws and regulations; implementation of the principles of GCG
b. Taking full responsibility of the Bank’s as well as prudent banking practices.
management; • Develop strategy and provide direction
c. Implementing GCG principles in every to the Regional General Manager.
business activity of the Bank at all
stages and levels of the organisation; Finance & Corporate Services Director
d. Implementing business strategies • Responsible for the financial
under the supervision of the Board of statements of the Bank as well as the
Commissioners; formulation of the Bank’s financial
e. Following up on audit findings and management strategy to support the
recommendations from the Internal Bank's performance.
Audit Function, External Auditors, • Ensure the integrity of financial data
supervisory report from Financial and provide financial analysis on the
Services Authority (OJK) and other performance of the Bank to support the
competent authorities; decisions taken by the Management of
f. Performing internal monitoring in an the Bank.
effective and efficient manner; • Develop financial system and procedure
g. Performing oversight and managing as well as lead, direct and monitor the
risks faced by the Bank; implementation of corporate actions
h. Maintaining a conducive working conducted by the Bank.
environment to improve productivity
and professionalism; Compliance, Legal & Corporate Secretary
i. Managing and conducting employee Director
development, and also maintaining • Formulate a strategy to encourage the
organisational sustainability; creation of Compliance Culture in the
j. Taking accountability for the fulfillment of Bank;
the duties to the Shareholders at the AGM; • Propose a compliance policy or
k. Disclosing to employees the Bank’s principles of compliance to be
strategic policies in the field of stipulated by the Board of Directors;
personnel, as long as the policies are • Establish compliance systems and
not confidential; and procedures that will be used to develop
162 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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internal policies and guidelines of the • Collaborate with other working units to
Bank; ensure technology cost effectiveness
• Ensure that all policies, rules, systems and determine priority scale according
and procedures, as well as business to the Bank’s capabilities.
activities of the Bank are in accordance
with regulatory provisions and other Wholesale Banking Director
prevailing regulations; • Provide strategic directions for growing
• Perform oversight over the the Wholesale Banking segment to
implementation of the Anti-Financial support Bank’s business.
Crime function which covers Anti-Money • Ensure proper implementation of the
Laundering, Countering the Financing compliance function, GCG, prudent
of Terrorism, Counter-Proliferation banking practices and any directions
Financing of Weapons of Mass that were given from the regulators
Destruction, Sanctions, and Anti-Fraud; regarding risk management for
• Minimise the Bank’s compliance risk Wholesale Banking.
and provide recommendations on • Responsible for managing the budget
compliance-related issues; for the Wholesale Banking segment.
• Perform preventive measures so that • Carry out continuous process
the policies and/or decisions taken by development and improvement for
the Board of Directors of the Bank do functions in the Wholesale Banking.
not violate regulatory provisions as well
as other prevailing regulations;
• Perform oversight and provide direction Global Markets Director
to Officers who are in charge of • Coordinate, provide strategic direction,
the Legal Unit, Litigation Unit and and monitor activities in Global
Corporate Secretary Unit in performing Markets, as well as be responsible for
their duties and responsibilities. the achievement of revenues derived
from transaction and activities in Global
Markets.
Director of Technology and Operations • Responsible for the process for launch of
• Responsible for formulating long-term new product/activity for Global Markets
Blueprint for Technology and Operation. and the provision of direction and input
• Responsible for formulating, evaluating to streamline processes and improve
and determining strategies for the quality of products/activities.
infrastructure, systems and information • Provide information to the Board of
technology security so that operational Directors and Board of Commissioners
activities can be carried out effectively on financial market conditions covering
and efficiently. the development of foreign exchange
• Responsible for formulating, evaluating markets, money markets, financial
and determining the Bank’s Operational institutions and securities markets.
strategies that can drive business units • Responsible for good governance in
towards profit. risk management for Global Markets
• Ensure application development, and and ensuring compliance with policies
that technology and communication and procedures.
infrastructure networks are in place to • Responsible for any limit given to Global
support high security and confidentiality Markets either Market Risk Limit or
of the Bank and customer data. Counterparty Limit.
• Ensure the mechanisms for
identification and mitigation of risks to
the infrastructure system, technological
security and operational processes
are available and implemented in
accordance with the provisions.
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Good Corporate Governance
Consumer Banking Director functional leaders to lead and support
• Responsible for providing strategic organisational buy-in;
directions for the growth of Consumer • Responsible for meeting project
Banking in order to support the Bank’s deadlines, proactively identify project
business; obstacles, and mitigate risks so they
• Responsible for developing competitive can be addressed in a timely manner to
and innovative products and services meet business objectives and support
for consumer banking and digital bank business growth.
which are in line with customer needs,
market development and technology Risk Management Director
demands in order to achieve the market • Provide strategic directions on risk
and business target; management by continously adopting
• Responsible for supporting businesses prudent approach in implementing
and branches in the implementation directives from regulators related to risk
of prudential principle by conducting management of the Bank.
due diligence in onboarding customers, • Develop and evaluate the system and
monitoring business and operational risk management process to identify,
activities, monitoring the adherence measure, monitor, mitigate, and report
with internal policies and external risks.
regulations as well as implementing • Facilitate the Bank’s Senior
middle office activities; Management’s understanding of the
• Responsible for establishing the various types of risk and jointly develop
decision management capabilities risk control and risk mitigation as well
focusing on providing support enchance a culture of risk awareness.
and insights to grow healthy retail • Provide oversight and recommendation
business through developing, in relation to the Bank’s risk
maintaining and enhancing retail risk management covering operational
scorecards, marketing, predictive and (including technology) risk, market,
IFRS9 modelling. Develop portfolio liquidity, and credit risk.
segmentation/profiling and supporting • Ensure the management and
the development, maintenance and development of human resources in
enhancement of the infrastructure functions related to risk management.
performance to support effective
portfolio management.
• Responsible for managing the delivery
of Consumer Banking and Channels
initiatives under the Transformation
Office and Accelerated Build
Programme;
• Responsible for working through
conflicting priorities and
interdependencies of the above
programme and other organisational
priorities and risks including to report
the progress to relevant parties, as
necessary;
• Partner with key stakeholders to drive
closer collaboration across business
and technology teams to execute
transformation and integration
projects. Work closely with cross-
164 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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3. Nomination and Criteria for Candidate of citizens meeting the requirements of
the Board of Directors the prevailing laws and regulations.
The Bank has established Policies and b. Majority of members of the Board
Procedures for the Nomination, Replacement, of Directors must have a minimum
and/or Dismissal of Members of the Board of 5 (five) years experience in the
of Commissioners, Board of Directors, Senior operational fields as an Executive
Executives, and Committees Reporting to Officer at commercial bank.
the Board of Commissioners of PT Bank UOB c. Have integrity, competence and
Indonesia. These are outlined in the Board good financial reputation as
of Directors’ Decree No. 23/SKDIR/0138, required in the applicable laws and
which stipulates the nomination process regulations.
and criteria for members of the Board of 4. Any nomination for the appointment
Directors, as follows: of any Member of the Board of
1. Members of the Board of Directors, Directors to the GMS must consider the
the Board of Commissioners and/or recommendation of the Remuneration
Majority Shareholders of the Bank may and Nomination Committee. In the event
propose nominations for candidate that any member of the Remuneration
members of the Board of Directors, if and Nomination Committee has any
necessary. conflict of interest with any nomination
2. Nomination of candidate members recommended, such conflict of interest
of the Board of Directors shall be must be declared in the nomination.
submitted to the Bank’s Remuneration 5. Recommendations provided by
and Nomination Committee. the Remuneration and Nomination
3. The candidate members of the Board of Committee shall be based on the
Directors nominated must at least meet criteria for being a member of the Board
the following criteria: of Directors.
a. Indonesian citizens and/or Foreign
4. Composition, Criteria and Independence of the Board of Directors
Members of the Board of Directors of the Bank as of 31 December 2024 were:
Name Position Basis of Appointment Re- Term of
Regulator Approval GMS appointment Office
Hendra President Director 17 September 2020 21 October
Gunawan 2020
Teh Han Yi Finance & 22 August 2019 21 June 2019
Corporate Services
Director
Paul Rafiuly Technology & 27 August 2018 11 October
Operations Director 2018 2021 to
28 April 2021
Harapman Wholesale 22 August 2019 21 June 2019 2025
Kasan Banking Director
Sonny Global Markets 14 May 2020 30 April 2020
Samuel Director
Ardhi Compliance, Legal 14 May 2020 30 May 2020
Wibowo & Corporate
Secretary Director
Henry Risk Management 8 December 2022 29 November 2022 to
-
Santoso Director 2022 2025
Cristina Teh Consumer Banking 15 February 2024 30 April 2024 2024 to
-
Tan Director 2025
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Good Corporate Governance
Pursuant to the Articles of Association, the 7. Board of Directors Meeting Policy
term of office for members of the Board of The Board of Directors meeting policies
Directors is 4 (four) years. The current term are regulated in the Articles of Association
of office for the aforementioned members and the Work Guidelines of the Board of
extends until the conclusion of the AGM of Directors, the Board of Directors meeting
the Bank scheduled for 2025. rules and regulations include:
a. Meetings are to be held at least once
5. Independence of the Board of Directors a month, and when deemed necessary
In carrying out their duties and by one of the members of the Board of
responsibilities, the Board of Directors of the Directors, or upon the written request
Bank upholds the principle of independence from one or more members of the Board
as stipulated in the Decree of the Board of of Commissioners, or upon the written
Directors No. 24/SKDIR/0019 concerning request from 1 (one) or more of the
Work Guidelines and Regulations of the shareholders representing 1/10 (one
Board of Directors, as follows: tenth) of the total shares allocated by
a. None of the members of the Board the Company with valid voting rights.
of Directors of the Bank have mutual b. The Board of Directors holds a
financial and up to second-degree family joint meeting with the Board of
relationships with fellow members of Commissioners on a periodic basis at
the Board of Directors and/or members least once in 4 (four) months.
of the Board of Commissioners and c. The Board of Directors is to schedule
majority shareholder. the meeting of the subsequent year
b. None of the members of the Board prior to the conclusion of the current
of Directors, either individually or financial year.
collectively, own shares amounting to d. The Board of Directors’ meeting is valid
more than 25 per cent of the issued and decisions held at such meetings
share capital at the Bank or any other are binding, provided more than ½
company. (half) of the total number of members
c. None of the members of the Board of of the Board of Directors are present at
Directors hold a concurrent position the meeting.
as a Commissioner, Director or an e. The decisions at the Board of Directors’
Executive Officer at any other bank, meetings shall be based on deliberation
company and/or institution. to reach consensus. If a decision could
d. The President Director of the Bank is not be reached through consensus,, the
a party independent of the majority decision will be made through voting
shareholder of the Bank and does based on supporting votes of more
not have any financial, management, than ½ (half) of the total valid votes
shareholding and/or family relationship of members of the Board of Directors
with the majority shareholder of the present at the meeting.
Bank. f. In the event of an equality of votes,
the chairman of the Board of Directors
6. Fit and Proper Test meeting has the deciding vote.
The appointment of members of the Board g. The results of the Board of Directors
of Directors by the GMS, as outlined in the meeting are recorded in minutes of
table above, was based on key criteria meeting and properly maintained.
approved by the Board of Commissioners,
such as integrity, competence,
professionalism, and financial reputation.
These criteria align with the requirements
of the “fit and proper” test stipulated by the
Regulator.
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8. Meetings and Attendance of Board of Directors in Board of Directors Meeting and Joint Meeting of
Board of Directors and Board of Commissioners
The following were the meetings and attendance of the Board of Directors in the Board of Directors
Meeting and Joint Meeting of Board of Directors and Board of Commissioners in 2024:
Name Board of Directors’ Meetings Joint Meetings of Board of Directors and
Board of Commissioners
Number of Frequency of Percentage Number of Frequency of Percentage
Meetings Attendance (%) Meetings Attendance (%)
Hendra Gunawan 12 12 100 4 4 100
Teh Han Yi 12 12 100 4 4 100
Paul Rafiuly 12 12 100 4 4 100
Harapman Kasan 12 12 100 4 4 100
Sonny Samuel 12 11 92 4 4 100
Ardhi Wibowo 12 12 100 4 4 100
Choi Yau Chi* 12 6 100 2 2 100
Henry Santoso 12 11 92 4 4 100
Cristina Teh Tan** 6 5 83 2 2 100
*) Mr Choi Yau Chi had effectively resigned as of 30 June 2024 pursuant to the resolution of the AGM on 30 April 2024.
**) Ms Cristina Teh Tan was appointed as Director pursuant to the resolution of the AGM on 30 April 2024 and effectively served
since 22 May 2024.
9. Performance Appraisal for the Board of 3. Exemplification of corporate values
Directors namely Honourable, Enterprising,
Procedure of Performance Appraisals United and Committed.
The Bank has established a policy on
Guidelines for Commissioners’ Evaluation Appraisal Result
and Directors’ Performance Appraisals. The result of the self-assessment are
This policy provides clear guidance to submitted to the supervisor who reports to
the members of the Board of Directors the Board of Commissioners based on the
in conducting evaluations and ensures recommendations of the Remuneration and
the application of a standardised set of Nomination Committee. Subsequently, the
performance criteria. The policy governs the final appraisal results are communicated to
following aspects: each Director.
Performance Appraisal During 2024, the Board of Directors
Each member of the Board of Directors effectively performed its duties and
conducts a performance self-assessment responsibilities, ensuring the Bank’s
once a year. performance meet the expectations of
shareholders and all stakeholders.
Performance Criteria
Members of the Board of Directors are 10. Orientation Programme for New Director
assessed based on the following: Newly appointed members of the Board of
1. Performance Target and Achievement Directors are required to participate in an
Process; orientation programme designed to provide
2. Competency of Strategic, Engage, essential knowledge and information
Execute and Develop (SEED) indicators; about the Bank. This programme ensures a
and comprehensive understanding of the Bank’s
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Good Corporate Governance
operations, enabling the effective and efficient performance of duties. In 2024, a new member of the
Board of Directors, Ms. Cristina Teh Tan, attended the orientation programme.
The orientation programme facilitated by the Corporate Secretary Unit, includes the following
documentation:
a. Vision and Mission;
b. Code of Ethics;
c. Organisational Structure;
d. Articles of Association;
e. Good Corporate Governance Implementation Guidelines;
f. Work Guidelines of Board of Commissioners/Board of Directors;
g. Relevant Committee’s Charter;
h. Regulations related to the Banking and Capital Markets;
i. Financial Report and Annual Report; and
j. Business Plan.
11. Workshop/ Training/ Seminar Attended by the Board of Directors
No Name Position Name of Workshop/Training/Dissemination
1 Hendra President Leadership Retreat
Gunawan Director Development Council Team Coaching & Development Session
Coordination Meeting of the Indonesian Financial Transaction
Reports and Analysis Center (PPATK) in 2024
Legal Workshop 2024 – Implementation of Personal Data Protection Law
Insurance Workshop 2024
March 2024 Market Outlook "Optimize Your Financial in the Year
of the Wooden Dragon"
Refreshment of Risk Management Certification Level 7 in 2024
The UOB Way Workshop and Roll-Out
Building Coaching Culture at UOB Indonesia – Coaching
Techniques for Breakthrough
UOB Business Manager Review 2024
SUSS-UOB Joint Research Briefing – Accountability Partners &
Coaches (Session 1)
Gathering Event of the Governor of Bank Indonesia and Indonesia
Money Market and Foreign Exchange Association (APUVINDO)
UOB Leadership Masterclass – ASEAN Series “Will ASEAN Survive
the US-China Confrontation?"
10x Breakthrough Coaching
Leadership Masterclass - Powering ASEAN’s growth: Energy
Transition and the Real Economy
Development Council Group Coaching with Marshall Goldsmith –
Session 4
UOB Corporate Day 2024 - Building the Future of ASEAN
BCG : Unlocking The Potential of AI and Gen AI Accross Industries
ASEAN Conference 2024
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No Name Position Name of Workshop/Training/Dissemination
UOB Economic Outlook 2025
UOB Leadership Masterclass - Future of Work: Building Bionic
Businesses with an AI-enabled Workforce and Adaptive Leadership
Introduction to Personal Data Protection
UOB CEO Townhall 2024
Asian Financial Leaders Programme (AFLP)
Risk Management Alignment Seminar for the Board of Directors
Year-End Dialogue between Member of the Board of
Commissioners of OJK and Financial Services Industry
2 Teh Han Finance & Legal Workshop 2024 – Implementation of Personal Data
Yi Corporate Protection Law
Services Refreshment of Risk Management Certificate Level 7 in 2024
Director
The UOB Way Workshop and Roll-Out
UOB Business Manager Review 2024
10x Breakthrough Coaching
UOB Leadership Masterclass - Powering ASEAN’s growth: Energy
Transition and The Real Economy
UOB Corporate Day 2024 - Building the Future of ASEAN
Introduction to Personal Data Protection
Risk Management Alignment Seminar for the Board of Directors
3 Harapman Wholesale Legal Workshop 2024 – Implementation of Personal Data
Kasan Banking Protection Law
Director The UOB Way Workshop and Roll-Out
10x Breakthrough Coaching
Refreshment of Risk Management Certificate Level 7 in 2024
Introduction to Personal Data Protection
Risk Management Alignment Seminar for the Board of Directors
4 Paul Technology Coaching Workshop
Rafiuly & Operations CISO Roundtable: Elevate Your Cybersecurity Strategy
Director
CxO Banking Forum : Improving Banking Services by Adapting the
Role of AI and Machine Learning and Strengthening Cybersecurity
Leadership Communication Workshop
Legal Workshop on the Implementation of Personal Data
Protection Law
Refreshment of Risk Management Certificate Level 7 in 2024
OJK National Seminar: Financial Sector Cyber Resilience and
Security
Risk Management Alignment Seminar for the Board of Directors
Future of Work: Building bionic businesses with an AI-enabled
workforce and adaptive leadership
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Good Corporate Governance
No Name Position Name of Workshop/Training/Dissemination
5 Sonny Global Refreshment of Risk Management Certificate Level 7 in 2024
Samuel Markets The UOB Way Workshop and Roll-Out
Director
Discussion and Rights of Primary Dealer in Money Market and
Foreign Exchange Market
UOB Business Manager Review 2024
10x Breakthrough Coaching
Risk Culture Discussion 1st Half of 2024
FX Code of Conduct: Global Edition
Code of Conduct for Singapore Wholesale Financial Markets
Introduction to Personal Data Protection
Refreshment of Treasury Dealer Certification Level 7
Employee Engagement Survey of Global Markets 2024
Risk Management Alignment Seminar for the Board of Directors
Global Markets Start of The Year 2025
6 Ardhi Compliance, Coordination Meeting of the Indonesian Financial Transaction
Wibowo Legal & Reports and Analysis Center (PPATK) in 2024
Corporate Financial Sector Assessment Programme (FSAP) Indonesia 2024
Secretary
Director Executive Gathering Seminar for Indonesian Payment System
Association (ASPI)
2024 Annual Meeting of Financial Services Industry
Legal Workshop 2024 – Implementation of Personal Data
Protection Law
Webinar from Banking Compliance Director Communication Forum
(FKDKP)
AFC in Practice: Walking Through EWRA Methodology to Weight
and Prioritize Risks
AFC Trends & Typologies: Understanding and Preventing New
Account Fraud Schemes
AFC Trends & Typologies: SAR Trends & Implications for Financial
Investigator
Refreshment of Risk Management Certificate Level 7 in 2024
The UOB Way Workshop and Roll-Out
2024 Sanctions Training for Overseas Entities
2024 Sanctions Training for Local Compliance in Overseas
Subsidiries and Branches
Building Coaching Culture at UOB Indonesia – Coaching
Techniques for Breakthrough
High Level Meeting on Implementation of Primary Dealer to Support
Development of Money Market and Foreign Exchange Market
Hearing on the Draft of OJK Regulation regarding Financial
Conglomerate and Financial Holding Company
Kick-Off Hackathon Bank Indonesia 2024
170 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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No Name Position Name of Workshop/Training/Dissemination
High Level Meeting (HLM) Percepatan Integrasi Pengguna
Layanan SNAP
SUSS-UOB Joint Research Briefing – Accountability Partners &
Coaches (Session 1)
UOB Leadership Masterclass - ASEAN Series “Will ASEAN Survive
the US-China Confrontation?”
Cross Border Data Management
National Summit (Rembuk Nasional) organised by PPATK
Decarbonisation Strategy Programme, Executive Education for
Corporates
Strengthening the Implementation of AML, CFT and CPF Programs
and Strengthening Cyber Security in order to Eradicate Financial
Crimes
Speaker - Digital Bank Summit AFTECH 2024 with topic of
"Navigating the Future of Digital Payment Systems: Sharing
Insights and Strategies
UOB Group Compliance Leadership Council
Leadership Academy Level 3
Socialisation of Payment System to Payment Service Provider/
Payment System Infrastructure Provider Industry
Quarterly Dialogue with OBE
Sanctions training by GC Sanctions
FATCA/CRS General Awareness Training
Risk Management Alignment Seminar for the Board of Directors
Risk and Governance Summit (RGS) 2024
International and Intentional Leadership, Fireside Chat with
Unilever
Socialisation of OJK Regulation Draft regarding Financial
Conglomerate and Financial Holding Company
Focus Group Discussion (FGD) for the Board of Directors of
Commercial Banks
7 Henry Risk Capital Connect: Indonesian Elections & Economics
Santoso Management Legal Workshop 2024 – Implementation of Personal Data
Director Protection Law
Kick-Off Meeting for the Drafting Team of the Indonesian National
Work Competency Standards (SKKNI)
Brown Bag Session Q1-Q4 of 2024
The UOB Way Workshop and Roll-Out
Non-Financial Risk Management Forum 2024
UOB Business Manager Review 2024
Drafting of the Indonesian National Work Competency Standards
(SKKNI) for Banking Risk Management
UOB Chief Editors Media Appreciation Day
10x Breakthrough Coaching
Training and Examination for Risk Management Certification Level 7
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Good Corporate Governance
No Name Position Name of Workshop/Training/Dissemination
Balance Sheet Risk Management Regional Conference
UOB Economic Outlook 2025
Introduction to Personal Data Protection
Risk Management Alignment Seminar for the Board of Directors
8 Cristina Consumer Bancassurance Workshop
Teh Tan Banking The UOB Way Workshop and Roll-Out
Director
10x Breakthrough Coaching
Training and Examination for Risk Management Certification Level 7
Social Engineering: Many Methods, Many Motives
Email Attack Methods: Malicious Links
Risk Management Alignment Seminar for the Board of Directors
Introduction to Personal Data Protection
UOB Economic Outlook 2025
UOB CEO Townhall
PFS Townhall
Assessments of the Committee of the Board of Commissioners
The Board of Commissioners conducts an annual assessment of the committees, focusing on areas such
as the structure and composition of each committee, its effectiveness in performing assigned duties and
responsibilities, and the efficiency of committee meetings.
In 2024, the committees under the Board of Commissioners carried out performance self-assessments. All
committees successfully executed assigned duties and responsibilities, providing recommendations that
enhanced the overall effectiveness of the Board of Commissioners in fulfilling its functions.
172 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Completeness and Implementation of Independence of Audit Committee Members
All committee members have complied
Committees’ Duties with the prevailing regulations on the
independence requirements, while
A. Committees Reporting to the Board of upholding the integrity, ethics, and moral
Commissioners standards.
1. Audit Committee
Based on the Board of Directors’ Decree To maintain its independence and
of PT Bank UOB Indonesia No. 23/ objectivity, the Audit Committee consists
SKDIR/0057 dated 3 May 2023 regarding of Independent Commissioners and
the Appointment of Members of the Audit Independent Parties. Board of Directors
Committee, the Bank’s Committee consists members may not sit on the Audit Committee.
of 3 (three) members, as follows:
All members of the Audit Committee have
Audit Committee Members high integrity and good moral character,
as of 31 December 2024 in keeping with the requirements of Audit
Committee members as stated in Board of
Name Composition
Directors’ Decree No. 23/SKDIR/0138 on
VJH Boentaran Chairman Policies and Procedures for the Nomination,
Lesmana (Independent Replacement and/or Dismissal of Members
Commissioner)
of the Board of Commissioners, Board of
Burlita Member Directors, Senior Executive Officers, and
(Independent Party) Committees Reporting to the Board of
Humbul Kristiawan Member Commissioners, and also have met the
(Independent Party) criteria set by the Regulator.
Term of Office
As stipulated in the Bank’s Articles of
Association, the term of office for members
of the Audit Committee must not exceed the
term of office of the Board of Commissioners.
Members of the Audit Committee may be
reappointed for only one successive period.
Independent Commissioners serving as
members of the Audit Committee may also VJH Boentaran Lesmana
be reappointed for only one successive (Independent Commissioner)
term. The term of office for the current Audit Chairman of the Audit Committee
Committee is set to conclude in 2025.
His profile can be found in the Profile of
the Board of Commissioners section of this
Annual Report on page 58.
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 173
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Good Corporate Governance
Burlita Humbul Kristiawan
Member (Independent Party) Member (Independent Party)
Age: 61 years old Age: 50 years old
Nationality: Indonesian Nationality: Indonesian
Legal Basis of Appointment Legal Basis of Appointment
Board of Directors Decision No.23/ Board of Directors Decision No.23/
SKDIR/0057 dated 3 May 2023. SKDIR/0057 dated 3 May 2023.
Educational Background Educational Background
• Bachelor’s Degree of Architecture from • Bachelor's Degree of Accounting from
University of Indonesia University of Padjadjaran
• Pre-Master Degree from Wijawiyata • Master of Business Administration
Manajemen IPPM from the School of Business and
Management-Bandung Institute of
Working Experiences Technology
• Head of the Compliance Management
Division at PT Bank Sahabat Sampoerna Working Experiences
(2012-2021) • Partner and Government Sector Leader
• PT Bank BRI Syariah with the last at RSM AAJ (2017-2018)
position as Financing Support Group • Consultant at Deloitte South East Asia
Head (2008-2012) with the last position as Partner (2006-
• PT Bank Niaga Tbk with the last position 2016)
as Head of Employee Education Division • Founder and Executive Director at
in the Compliance Management Group the Innovative Government Institute
(1991-2008) (2014-present)
• Guest Lecturer at Universitas
Training Padjadjaran (2008-present)
• UOB Economic Outlook: Ushering A • Risk Management Manager at Citibank,
Dawn ffor Remarkable Indonesia N.A. (2005-2006)
• Preparation for Banking Risk • Consultant at Ernst & Young (2000-2005)
Management Certification Qualification
Level 6 Training
• UOB Economic Outlook: Ushering A
Concurrent Positions Dawn for Remarkable Indonesia
Independence Commissioner PT Fazz
Capital Finance (2024-present) Concurrent Positions
• Integrated Governance Committtee
Member, Bank BJB, Bandung
(22022-present)
• Risk Monitoring Committee Member, PT
Pegadaian, Jakarta (2020–present)
174 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Duties and Reponsibilities vii. The potential risk of using audit
The Audit Committee performs the services by the same KAP in
duties, responsibilities and authorities succession for a fairly long period of
in accordance with the Audit Committee time; and/or
Charter, which include: viii. The results of evaluation on the audit
a. Reviewing the financial information services provided by the AP and KAP
to be issued by the Bank to the public in the previous year, if any.
and/or other authorities, financial f. Monitoring, analysing and evaluating
statements, projections and other audit planning and implementation as
reports pertaining to the Bank’s well as monitoring follow-up actions on
financial information. the internal audit results to assess the
b. Analysing the Bank’s level of compliance adequacy of internal controls, including
towards laws and regulations the adequacy of financial reporting
pertaining to the Bank’s activities. process, and ensuring that Board of
c. Providing an independent opinion in Directors takes required corrective
the event of disagreement between actions quickly to overcome the
the management and the Public control weaknesses, fraud, compliance
Accountant for services rendered. issues relating to policies, laws and
d. Performing evaluation on the audit regulations or other problems identified
services provided by the prior Public and reported by the Internal Audit.
Accountant (AP) and/or Public g. The Committee shall at least monitor
Accounting Firm (KAP) in the previous and evaluate:
year, by assessing: i. The implementation of tasks of the
i. Conformity of the audit services Internal Audit;
conducted by AP and KAP with the ii. Consistency between audit
prevailing regulations; implementation by the KAP and the
ii. Adequacy of fieldwork time; prevailing auditing standards;
iii. Assessment on the adequacy of iii. Consistency between the financial
audit scope and the adequacy of reports and the prevailing
the sampling testing; and accounting standards; and
iv. Recommendations for improvement iv. Implementation of follow-up
by the AP and/or KAP. actions by the Board of Directors on
e. Providing recommendations to the findings made by the Internal Audit
Board of Commissioners on the Function, AP, and the results of
appointment of the AP and KAP taking supervision by Bank Indonesia and/
into consideration the following: or the Financial Services Authority,
i. Independence of the KAP, AP and and provision of recommendations
persons in KAP; to the Board of Commissioners.
ii. Audit scope; h. Recommending the appointment,
iii. Audit fee; resignation or dismissal of the Internal
iv. The expertise and experience of Audit Head and providing inputs on
the AP, KAP and audit team; the annual assessment of his/her
v. Audit methodologies, techniques, performance and remuneration.
and facilities used by KAP;
vi. The benefits of fresh eye
perspective that will be obtained
through the change of AP, KAP and
audit team from KAP;
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 175
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Good Corporate Governance
i. Preparing the Annual Work Programme and reviewing the Committee’s Scope of Functions and its
own effectiveness as well as recommending any necessary change to the Board of Commissioners.
j. Analysing complaints received by the Audit Committee on the Bank’s accounting and financial
reporting processes, and ensuring the follow-up to such complaints.
k. Analysing and providing recommendations to the Board of Commissioners concerning the existence
of potential conflicts of interest of the Bank.
l. Maintaining strict confidentiality of documents, data and information of the Bank.
m. Evaluating and providing recommendations to the Board of Commissioners on:
i. Establishment (Revision) of Internal Audit Charter;
ii. Annual Audit Plan, scope of work and budget allocation of Internal Audit;
iii. Appointment of external Independent Quality Control reviewer to review the performance of
Internal Audit (every 3 years);
iv. Internal Audit’s total annual Remuneration and performance rewards; and
v. Effectiveness and efficiency of internal control system implementation.
n. Ensuring Internal Audit communicates with the Board of Directors, Board of Commissioners, external
auditor and the Financial Services Authority.
Attendance of Audit Committee Meetings
The Audit Committee meetings were convened based on the needs of the Bank. In 2024, the Audit
Committee held 25 (twenty five) meetings, all of which were attended by all members of the Audit
Committee.
The attendance of Audit Committee members in the meetings conducted in 2024 was as follows:
Name Number of Meeting Attendance Percentage (%)
VJH Boentaran Lesmana 25 25 100
Burlita 25 25 100
Humbul Kristiawan 25 25 100
Meeting decisions are taken through deliberation to reach a consensus or, if dissenting
opinion arise, based on a majority vote. All decisions are recorded in the minutes of
the meeting, which are signed by all members of the Committee in attendance and
well documented, including any dissenting opinions occurred during the meetings.
The results of the Audit Committee meetings serve as recommendations that can be optimally utilised
by the Board of Commissioners in decisions making.
The Audit Committee’s work programme and realisations in 2024 included but were not limited to:
No. Work Programme Realisation
1. Monitoring and evaluation on In 2024, Audit Committee convened 2 (two) meetings with
planning and implementation of representatives from Internal Audit Division as invitees, to
audits as well as monitoring on monitor and evaluate the planning and implementation
the follow-ups to audit findings of audits as well as monitoring of the follow-ups to audit
in order to assess the adequacy findings in order to assess the adequacy of internal control.
of internal control.
176 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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No. Work Programme Realisation
2. Evaluation on the A meeting was held and attended by representatives
implementation of the duties of from Internal Audit Function as invitee, to discuss on
Internal Audit. implementation of duties of Internal Audit in 2024, i.e., 2024
audit realisation and significant audit issues.
3. Evaluation on appropriateness • A meeting was held with the Finance Division and the
of financial report compared External Auditor of the Bank as invitees to review the
to prevailing accounting draft audit report.
standards. • The meeting was held with Finance Division to discuss
the monthly and quarterly publications of financial
report and to evaluate their appropriateness to the
prevailing accounting standards.
4. Perform evaluation on the audit A meeting was held, with the representatives from Finance
services provided by the prior AP and Internal Audit Function as invitees, to provide inputs
and/or KAP in the previous year. on the evaluation of the audit of the financial statements
for the year ended 31 December 2023, conducted by KAP
Purwantono, Sungkoro & Surja (EY Indonesia) and Yovita
as Public Accountant. The meeting had convened on 2 May
2024.
5. Monitoring on the A meeting was held, with representatives from Finance
implementation of audit plan by Division and External Auditor of the Bank as invitees, to
external auditor. discuss audit progress.
6. Evaluation of the follow-up A meeting was held with representatives from the Internal
by the Board of Directors on Audit Function and Compliance Function as invitees, to
findings of Internal Audit, ensure the Board of Directors had followed up on audit
external auditor and supervision findings and recommendations from the Internal Audit
result of Financial Services including improvements to findings from the external
Authority (OJK). auditors and OJK.
7. Analysis of the Bank’s level of A meeting was held, with representatives from Compliance
compliance towards laws and Function as invitee, to analyse the Bank’s level of compliance
regulations pertaining to the towards laws and regulations pertaining to the Bank’s
Bank’s activities. activities.
8. Recommendation on the A meeting was held with representatives from Finance
appointment of Public Accountant Division, Internal Audit Function and KAP Purwantono,
and Public Accounting Firm Sungkoro & Surja (PSS – Ernst & Young Indonesia) to discuss
pursuant to prevailing provisions the proposal from PSS related to the audit services for
the financial year of 2024. The Audit Committee provided
recommendation to the Board of Commissioners on the
re-appointment of Public Accounting Firm PSS (member
of Ernst & Young Global) and Yovita, as Public Accountant
for the financial year of 2024, based on considerations
in accordance with OJK Regulation and the evaluation
result of audit services for previous year, including the
constellation audit scope of work and its audit fee.
9. Evaluation on audit A meeting was held with representatives from Finance
implementation conducted Division, the Internal Auditor and External Auditor to discuss:
by Public Accounting Firm in • The final audit result of the financial year ended 2023
accordance with prevailing and its Management Letter;
audit standards. • Audit programme and methodologies and the audit
progress of the financial year ended 2024.
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Good Corporate Governance
No. Work Programme Realisation
10. Preparing the Annual Work Audit Committee has prepared the Annual Work Programme
Programme and reviewing the and conducted an annual review of the Committee’s scope
Committee’s scope of functions of functions and its own effectiveness as well as provided
and its own effectiveness as recommendation on necessary changes to the Board of
well as recommending any Commissioners.
necessary change to the Board
of Commissioners.
11. Discussion with Compliance A meeting was held with representatives from the
Division on the Compliance Compliance Function to discuss the Compliance Function
Function Implementation Report Implementation Report 2nd Half of 2023 and 1st Half of 2024,
which includes compliance risk management, monitoring of
the Bank’s Prudential Principles, fulfillment of commitments
to regulators, implementation of compliance culture, and
implementation of other compliance tasks.
2. Remuneration and Nomination Remuneration and Nomination
Committee Committee Guidelines
Pursuant to the Board of Directors’ The Remuneration and Nomination
Decree of PT Bank UOB Indonesia No. Committee has established Work Guidelines
24/SKDIR/0086 dated 2 August 2024 and Regulation of Remuneration and
on the Appointment of Members of the Nomination Committee which is reviewed
Remuneration and Nomination Committee, annually through the Decree of the Board of
the Bank’s Committee comprises 3 (three) Commissioners No. 23/COM/0007 dated 27
members, as follows: December 2023.
Remuneration and Nomination Independence of Remuneration and
Committee Members as of Nomination Committee Members
31 December 2024 All members of the Remuneration and
Nomination Committee have high integrity
Name Composition
and good moral character, in keeping
Johanes Susilo Chairman with the requirements of Remuneration
(Independent and Nomination Committee members as
Commissioner) stated in Board of Directors’ Decree No.
Chin Voon Fat Member 23/SKDIR/0138 on Policies and Procedures
(Commissioner) for the Nomination, Replacement and/
Gevy Q Member (Executive or Dismissal of Members of the Board
Wulandari Officer responsible of Commissioners, Board of Directors,
for Human Resource) Senior Executive Officers, and Committees
Reporting to the Board of Commissioners,
Term of Office and have also met the criteria set by the
The term of office for members of the Regulator.
Remuneration and Nomination Committee
is 2 (two) years and will conclude in 2025.
Members whose term of office has ended
may be reappointed.
178 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
Page 181
• HR Director, Microsoft Indonesia (2006-
Johanes Susilo
2009).
(Independent Commissioner)
• Head of Staffing & Talent Management,
Chairman of the Remuneration and
Citibank N.A., Indonesia (1997-2006)
Nomination Committee
• Human Resources Manager, GE Capital
Indonesia (1994-1997)
Profile can be found in the Profile of the
Board of Commissioners section of this
Training
Annual Report on page 58.
• Risk Management Certification Level 5
• 10x Breakthrough Coaching
Chin Voon Fat • HR Certification General Manager
Member (Commissioner) • The UOB Way Workshop
• Introduction of Personal Data
Profile can be found in the Profile of the Protection
Board of Commissioners section of this • Sustainability 101
Annual Report on page 56. • UOB Group-wide Mandatory Learning
for Existing Employees - Mission
Compliance
Concurrent Positions
-
Duties and Responsibilities
The Remuneration and Nomination
Committee performs its duties,
responsibilities and authorities in
Gevy Q. Wulandari
accordance with the Work Guidelines
Head of Human Resources
and Regulations of the Remuneration and
Nomination Committee including:
Age: 56 years old
Nationality: Indonesian
a. On Remuneration Policy:
• Perform evaluation of remuneration
Legal Basis of Appointment
policy taking into consideration
Board of Directors Decision No. 24/
performance, risk, peer group,
SKDIR/0086 dated 2 August 2024.
targets, and Bank’s long-term
strategy, fulfillment of general
Educational Background
reserve obligations as stipulated
Faculty of Economics, Extension
in the regulations and the Bank’s
Programme, Human Resources
potential income in the future; and
Management, University of Indonesia
• Provide evaluation and
recommendations to the Board of
Working experiences
Commissioners in relation to the:
• Head of Human Resources, UOB
i. Remuneration policy for the
Indonesia (2023-present)
Board of Commissioners and
• Head of HR for VIP Cluster (Vietnam,
Directors to be submitted to the
Indonesia, Philippines), AIG Insurance
GMS;
(2018-2023)
ii. Remuneration policy for Senior
• Human Capital Director, AIG Indonesia
Executive Officers, Executive
(2012-2023)
Officers, and employees as a
• Head of HRBP Retail Banking, PT
whole to be submitted to the
Permata Bank (2009-2012)
Board of Directors;
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 179
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Good Corporate Governance
iii. Remuneration structure for who have passed the retirement
members of the Board of age to be submitted to the Board of
Commissioners, the Board of Commissioners.
Directors and Senior Executive • Make recommendations to the Board
Officer; of Commissioner on the appointment
iv. Amount of remuneration for of independent parties to be
members of the Board of members to the Audit Committee,
Commissioners and the Board of Remuneration and Nomination
Directors; and Committee, and Risk Monitoring
v. Assistance to the Board of Committee.
Commissioners in conducting • Provide recommendations to the
performance appraisal in Board of Commissioners on:
accordance with remuneration i. Composition of positions
received by each member of the of members of the Board of
Board of Directors and the Board Directors and/or the Board of
of Commissioners. Commissioners;
• Provide evaluation and ii. Policies and criteria required in
recommendation to the Board of the nomination of members of
Directors regarding the amount of the Board of Directors, the Board
remuneration for Senior Executive of Commissioners and Senior
Officers. Executive Officers; and
• Ensure that remuneration policy iii. Performance policy and
is in accordance with prevailing evaluation for members of the
regulations. Board of Directors, members of
the Board of Commissioners and/
b. On Nomination Policy or Senior Executive Officers.
• Formulate and provide • Assist the Board of Commissioners
recommendations on the system in appraising the performance of
and procedure for selection and/or members of the Board of Directors,
replacement of: and/or members of the Board
i. Board of Commissioners and of Commissioners based on the
Board of Directors to the Board evalution benchmarks determined.
of Commissioners for submission • Provide recommendations to the
to the GMS; and Board of Commissioners on personal
ii. Senior Executive Officer to development programmes for members
be submitted to Board of of the Board of Directors and/or
Commissioners. members of the Board of Commissioners.
• Analyse and provide
recommendations to the Board Attendance of Remuneration and
of Commissioners on candidates Nomination Committee Meetings
to be appointed to the Board of The Remuneration and Nomination
Commissioners and/or the Board of Committee meetings are held regularly, at
Directors to be submitted to the AGM. least once in 3 (three) months.
• A Committee member who has
a conflict of interests with the In 2024, the Remuneration and Nomination
recommendation shall disclose such Committee held 4 (four) meetings, including
conflict of interest in the recommended via teleconference, which were attended
proposal. by more than 51 per cent of the members
• Provide recommendations regarding including 1 (one) Independent Commissioner
candidates for Senior Executive and executive officer overseeing Human
Officers including extension of service Resources.
period for Senior Executive Officers
180 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Attendance of Remuneration and Nomination Committee members in the meetings conducted in 2024
was as follows:
Name Number of Meeting Attendance Percentage (%)
VJH Boentaran Lesmana* 1 1 100
Johanes Susilo* 3 3 100
Chin Voon Fat 4 4 100
Irene Wiryawan** 3 3 100
Gevy Q Wulandari** 1 1 100
*) Mr VJH Boentaran Lesmana served until 6 March 2024 and was succeeded by Mr Johanes Susilo
**) Ms Irene Wiryawan served until 5 August 2024 and was succeeded by Ms. Gevy Q. Wulandari
Meeting decisions are taken through deliberation to reach a consensus or, if differences of opinion
arise, based on a majority vote. All decisions are recorded in the minutes of the meeting signed by all
members of the Committee in attendance and are well documented, including any dissenting opinions
raised during the meetings.
The results of the Remuneration and Nomination Committee meetings serve as recommendations that
can be optimally utilised by the Board of Commissioners in making decisions.
The Remuneration and Nomination Committee’s work programme and realisations in 2024 included but
were not limited to:
No. Work Programme Realisation
1. On Remuneration a. Reviewed the performance evaluation form for the Board of
Commissioners and the Board of Directors to be submitted to the
Board of Commissioners.
b. Provided recommendations on remuneration for the members of the
Board of Directors to be approved by the Board of Commissioners
and for the members of the Board of Commissioners to be approved
by the ultimate shareholder, namely UOB International Investment
Private Limited.
2. On Nomination a. Provided recommendations for the appointment of members of the
Board of Directors.
b. Provided recommendations for the appointment of Committees
reporting to Board of Commissioners.
c. Provided recommendations for the appointment and extension of the
term of office of Senior Executive Officer.
3. Others a. Prepared and discussed the realisation of the Remuneration and
Nomination Committee Work Plan.
b. Discussed and provided input on reports presented by Human
Resources Function.
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Good Corporate Governance
3. Risk Monitoring Committee
Pursuant to the Board of Directors’ Decree of
PT Bank UOB Indonesia No. 23/SKDIR/0058
dated 3 May 2023 on the Appointment of
members of the Risk Monitoring Committee,
the Bank’s Committee consists of 3 (three)
members, as follows:
Risk Monitoring Committee Members
Wayan Alit Antara
as of 31 December 2024
Independent Commissioner
Name Composition Chairman of the Risk Monitoring
Wayan Alit Chairman Committee
Antara (Independent
Commissioner) His profile can be found in the Profile of
Hendry Patria Member the Board of Commissioners section of this
Rosa (Independent Party) Annual Report on page 57.
Nina Diyanti Member
Anwar (Independent Party)
Term of Office
The term of office for members of the Risk
Monitoring Committee members is 2 (two)
years and will conclude in 2025. Members
whose term of office has ended may be
reappointed.
Hendry Patria Rosa
All members of the Risk Monitoring
Member (Independent Party)
Committee have high integrity and good
moral character, in keeping with the
Age: 59 years old
requirements of Risk Monitoring Committee
Nationality: Indonesian
members as stated in Board of Directors’
Decree No. 23/SKDIR/0138 on Policies
Legal Basis of Appointment
and Procedures for the Nomination,
Board of Directors Decision No. 23/
Replacement and/or Dismissal of Members
SKDIR/0058 dated 3 May 2023.
of the Board of Commissioners, Board of
Directors, Senior Executive Officers, and
Educational Background
Committees Reporting to the Board of
Bachelor’s of Geodetic Engineering from
Commissioners, and also have met the
Gadjah Mada University, Yogyakarta
criteria set by the Regulator.
Working Experiences
• Member of Risk Monitoring
Committee at PT Bank UOB Indonesia
(2015-present)
• Banking Risk Management Trainer at PT
Orbit Risk Management (2007-present)
• Branch Manager at PT Bank Artha
Graha Internasional (1994-2007)
• Credit Auditor at PT Bank Bintang
Manunggal (1993-1994)
182 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Training • Account Officer/AVP at ABN Amro Bank
• Certification for Trainer for Qualification (1999-2000)
4 Material of Banking Risk Management. • Senior Credit Analyst (1994-1995)
• Preparation for Banking Risk and Account Manager/Assistant
Management Certification Vice President (AVP) (1995-1999) at
Qualification Level 4, 5, 6 and 7 Rabobank
• UOB Economic Outlook: Ushering A • Account Manager at Bank Indovest
New Dawn for Remarkable Indonesia (1989-1994)
• Financial analyst at USAID, Jakarta
Concurrent Positions (1988-1989)
• Integrated Corporate Governance • Auditor at PricewaterhouseCoopers
Committee Member, PT Bank UOB (1985- 1988)
Indonesia, Jakarta (2015-present)
Training
• Preparation for Banking Risk Management
Certification Qualification Level 4, 5, 6, and 7
Concurrent Positions
-
Duties and Reponsibilities
The Risk Monitoring Committee performs
its duties, responsibilities and authorities
Nina Diyanti Anwar in accordance with the Work Guideline
Member (Independent Party) and Regulations of the Risk Monitoring
Committee, which cover:
Age: 64 years old a. Evaluation on the compatibility
Nationality: Indonesian between risk management policy and
the implementation of risk management
Legal Basis of Appointment policies;
Board of Directors Decision No. 23/ b. Monitoring and evaluation on the
SKDIR/0058 dated 3 May 2023. implementation of duties of the Risk
Management Committee;
Educational Background c. Monitoring and evaluation on the
Bachelor’s of Economics in Accounting, implementation of duties of the Risk
University of Indonesia Management Function Unit; and
d. Providing governance oversight on
Working Experiences fraud risk for the Bank.
• Member of Audit Committee at UOB
Indonesia (2018 – 28 April 2021) Attendance of Risk Monitoring Committee
• Member of Audit Committee at PT Meetings
Maybank Indonesia Tbk (2012-2018) The Risk Monitoring Committee meetings
• Member of Audit Committee at PT GMF were convened based on the needs of the
Aerosia (2006-2015) Bank and were attended by all Committee
• Member of Audit Committee at PT members, with the Risk Management
Semen Gresik Tbk (2004-2011) Function invited as necessary. In 2024,
• Group Head/Vice President Investor the Risk Monitoring Committee held 17
Relations Division/Treasury Group/ (seventeen) meetings, with attendance of
Assets Management Divison in the 100 per cent of the Committee members.
Indonesian Bank Restructuring Agency
(IBRA) (2000-2004)
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Good Corporate Governance
The attendance of Risk Monitoring Committee members at meetings held in 2024 is was follows:
Name Number of Meeting Attendance Percentage (%)
Wayan Alit Antara 17 17 100
Hendry Patria Rosa 17 17 100
Nina Diyanti Anwar 17 17 100
Meeting decisions are taken through deliberation to reach a consensus. All decisions are recorded
in the minutes of the meeting and properly documented, including any dissenting opinions occurred
during the meetings.
The Risk Monitoring Committee’s work programme and realisations in 2024 included but were not
limited to:
No. Work Programme Realisation
1. Performing evaluation on Meetings were held periodically to evaluate on the
the compatibility between compatibility between risk management policy and strategy
risk management policy and as developed by management with the implementation of
the implementation of risk risk management policies as well as to discuss the Bank’s
management policies. risk profile on quarterly basis.
The Risk Monitoring Committee also performed periodic
reviews on soundness rating based on the Risk Based
Bank Rating (RBBR), reviewed adherence to the set out Risk
Appetite Statements (RAS) parameters, and conducted
monthly review on risk profile specifically on credit risk,
operational risk, market risk and liquidity risk.
2. Monitoring and evaluating Meetings were held periodically to discuss the
the implementation of duties implementation of duties of the Risk Management
and responsibilities of the Risk Committee and Risk Management Unit. The monitoring
Management Committee and for the work implementation Risk Management Committee
Risk Management Unit. and Risk Management Function, was carried out through
frameworks evaluation and review. In addition, the Risk
Monitoring Committee performed monitoring through
meetings with the Risk Management Function to discuss the
risks related to capital, risk indicators to ensure compliance
with the Bank’s risk appetite.
3. Providing governance oversight Meetings were held periodically to discuss the
on fraud risk for the Bank. implementation of Anti Financial Crime Investigation and
Intelligence (previously, Integrated Fraud Management).
The Risk Monitoring Committee performed evaluation on
and approved the Fraud Risk Management Framework,
monitored the effectiveness of anti-fraud strategies and
fraud incidents that occurred in the Bank and the follow
up actions.
Assessments of the Committee of the Board of Directors
The Board of Directors conducts an annual assessment of its committees, focusing on key areas
such as the structure and composition of each committee, the effectiveness of assigned duties and
responsibilities, and the efficiency of committee meetings.
In 2024, the committees under the Board of Directors carried out self-assessments of their performance.
Each committee effectively fulfilled its responsibilities and provided recommendations that contributed
to the successful execution of the Board of Directors’ duties and responsibilities.
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B. Committees Reporting to the Board of c. Treasury & Investment Activities
Directors Determining relevant policies and
1. Executive Committee (EXCO) guidelines for all dealers, officers and
relevant committees involved in the
EXCO Duties and Reponsibilities Guidelines Treasury and Investment activities of
The guidelines supporting the the Bank.
implementation of the Executive Committee’s d. Credit Decision
(EXCO) duties and responsibilities are To make decisions on credit matters
outlined in the Board of Directors’ Decree in accordance with its discretionary
No. 20/SKDIR/0100 dated 16 December limit that includes all types of
2020 on the Executive Committee (EXCO). exposures, direct and/or contingent,
The composition with the duties and such as exposures to counterparties
responsibilities of the EXCO, is as follows: and customers arising from lending/
a. Strategic Policies financing, underwriting/syndication,
ii. Submitting proposals and securities (loan replacement), derivative
recommendations to the Board of instruments, settlement risks, interbank
Commissioners regarding medium- limit, End Financing (EF) mortgages
term and long-term objectives, limit and other product programmes.
strategic directions, goals and e. Others
priorities of the Bank. i. Deciding on urgent and important
iii. Formulating and reviewing policy business of a confidential nature
matters, with a view towards the or requiring immediate and/
overall planning and development or prudent decision, but such
of strategies to achieve medium- delegation to the EXCO must be
term and long-term objectives of endorsed by the Board of Directors.
the Bank. ii. Deciding on business matters which
b. Expense for Properties Purchase/Other are of unusual or extraordinary
Capital Expense nature or which have strategic
Analysing and deciding or approving or significant impact (financial or
proposals or requests concerning: otherwise) on the Bank.
iii. Purchase or sale of the Bank’s Fixed iii. Performing such other functions as
Assets. may be delegated to it from time to
iv. Purchase or sale of the Bank’s time by the Board of Directors.
inventory, including computer The EXCO is required to report to the
hardware and software. Board of Directors and Senior Executive
v. Procurement of other goods and Officers on meetings where major
services conforming to prevailing decisions were made.
regulations.
EXCO approval is provided according
to the prevailing authority limits.
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Good Corporate Governance
Executive Committee Members as of 31 December 2024
Chairman and acting Permanent Member President Director
Vice Chairman and acting Permanent Finance and Corporate Services Director*
Member
Permanent Members • Technology and Operations Director*
• Wholesale Banking or Consumer Banking Director**
• Risk Management Director**
• Head of Related Credit**
Secretary • Corporate Secretary Head*
• Related Credit Approval Division**
* Non-Credit related
** Credit related
EXCO Meetings
EXCO meetings are convened as necessary, depending on the volume and urgency of matters requiring
follow-up. EXCO meetings can be attended by EXCO members either in person or via telephone/video
conference. A quorum must include at least the majority of EXCO members (>50 percent), including the
EXCO Chairman or the Interim Chairman if the Committee Chairman is unavailable.
The attendance of Executive Committee members at non-credit-related meetings held in 2024 was as
follows:
Name Number of Meeting Attendance Percentage (%)
Hendra Gunawan 4 4 100
Teh Han Yi 4 4 100
Paul Rafiuly 4 4 100
Decision Making
Decisions made at EXCO meetings shall be made through deliberation to achieve a consensus. In the
event that a consensus cannot be reached, the Chairman of the Committee or Interim Chairman has the
final casting vote. EXCO decisions may also be made by circulation, provided that EXCO members have
been notified in writing of the proposal submitted. Decisions made in such manner shall be as valid as
decisions made at any EXCO meeting.
All decisions of meetings are stated in the minutes of meeting signed by attending Committee members
and properly maintained, including any dissenting opinions.
The EXCO’s work programme and realisations in 2024 included but were not limited to:
No. Work Programme Realisation
1 Formulating and reviewing any issue on EXCO members have reviewed issues on policies
policies by taking into consideration all by taking into consideration all planning and
planning and implementation of strategy implementation of strategy to achieve the Bank’s
to achieve the Bank’s medium-term and medium-term and long-term goals.
long-term goals.
2 Analysing and making decisions for The EXCO provided strategic directions for major
proposals or requests related to property projects such as Long Term Property Plan, workplace
and other capital expense to be in line improvement, non-operation assets divestment,
with the prevailing regulation. sustainability initiative related to building de-
carbonisation, IT procurements and progress update
on ongoing major projects.
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No. Work Programme Realisation
3 Providing credit decisions in accordance The EXCO has provided credit decisions in
with its discretionary limit that includes accordance with its discretionary limit.
on all types of exposures, direct and/
or contingent, such as exposures to
counterparties and customers arising
from lending/financing, underwriting/
syndication, securities (loan
replacement), derivative instruments,
settlement risks, interbank limit, end
financing mortgages limit, and other
product programme.
2. Assets and Liabilities Committee (ALCO)
Based on the Board of Directors’ Decree No. 24/SKDIR/0097 dated 17 September 2024, the composition
of Asset & Liability Management Committee is as follows:
Assets and Liabilities Committee Members as of 31 December 2024
Chairman President Director
Deputy Chairman Finance and Corporate Services Director
Secretary Market & Balance Sheet Risk Management Head
Permanent Members • Risk Management Director
• Wholesale Banking Director
• Consumer Banking Director
• Global Markets Director
• Head of Transaction Banking
• Central Treasury Unit Head
• Deposit & Wealth Management Head
The ALCO meeting shall be held based on the requirements of the Bank, or at least once a month.
The attendance of Assets and Liabilities Committee members at the meetings held in 2024 was as
follows:
Name Number of Meeting Attendance Percentage (%)
Hendra Gunawan 15 13 87
Teh Han Yi 15 13 87
Henry Santoso 15 14 93
Harapman Kasan 15 14 93
Cristina Teh Tan 14 12 86
Sonny Samuel 15 14 93
W. Kartyono 15 11 73
Stanly Gunawan 15 14 93
Vera Margaret 15 14 93
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Good Corporate Governance
Duties and responsibilities of the ALCO are c. Monitoring and Reporting:
as follows: • Monitor and highlight limits
a. Grant approval for the following: excesses of risk appetite limits,
• Market Risk Management Policy, risk control limits and other risk
Interest Rate Risk in Banking Book limits concerning market risk,
Management Policy, Liquidity interest rate risk in banking book
Risk Management Policy, and and liquidity risk; for escalation to
Fund Transfer Pricing Policy and Risk Management Committee and
related model/methodologies and Board of Directors;
assumptions used in the asset and • Monitor, assess and review
liabilities management: critical market, market risk,
• Delegation of risk appetite limits, interest rate risk in banking book
risk control limits and risk limits and liquidity risk profiles and
relating to Market Risk, Interest exposure, vulnerabilities, Profit &
Rate Risk in Banking Book and Loss, material issues and major
Liquidity Risk; transactions;
• Ratification of limits excesses by • Monitor product pricing earnings
businesses; spread, asset/liability distributions
• Granting of temporary limits by and maturity, liquidity risk, market
businesses; risk, and capital allocations for
• Limits review at least once a year; market risk;
• Strategic Pricing, Fund Transfer • Provide forums for discussion and
Pricing, and Prime Lending Rate; decisions related all aspects of
and market risk, interest rate risk on
• Funding strategies (Target Balance banking book and liquidity risk;
Sheet Mix, debt issuance) and • Ensure compliance with regulatory
market risk valuation adjustment. requirements that are relevant
b. Provide endorsement for the following: to market risk, interest rate risk in
• Framework relating to Balance banking book and liquidity risk
Sheet Risk Management (Interest management;
Rate Risk in Banking Book and • Review current and prospective
Liquidity Risk); and liquidity positions and monitor
• Internal Model related initiatives alternative funding sources; and
(when ready) used in regulatory • Monitor and ensure adequate
reporting. liquidity for unanticipated
contingencies.
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The ALCO’s work programme and realisations in 2024 include but were not limited to:
No. Work Programme Realisation
1 To conduct ALCO During 2024, ALCO held 15 (fifteen) meetings. Several proposals
meeting at least approved by ALCO were as follow:
once a month, • Liquidity Risk Management Policy and Banking Book Interest Rate
or as necessary Risk Management Policy annual review;
due to changes in • Market Risk Management Policy annual review;
national economic • Market Risk Management Limits and Mandates 2025;
conditions, or the • Balance Sheet Risk Management Limits and Mandates 2025;
Bank’s condition • Liquidity Premium and Liquidity Charge Calibration; and
and risk profile, • Monthly Prime Lending Rate publication.
particularly market
and liquidity risk. ALCO has also discussed other significant issues regarding market
and liquidity risks, among others:
• Liquidity Crisis Exercise;
• IBOR transition to Alternative Reference Rates; and
• Prime Lending Rate methodology
3. Risk Management Committee
Based on the Board of Directors’ Decree No. 24/SKDIR/0121 dated 15 November 2024, the composition
of Risk Management Committee (RMC) is as follows:
Risk Management Committee Members as of 31 December 2024
Chairman Risk Management Director
Deputy Chairman Finance & Corporate Service Director
Secretary Enterprise Risk Management Head
Permanent Members • President Director
• Wholesale Banking Director
• Technology & Operations Director
• Compliance, Legal & Corporate Secretary Director
• Global Markets Director
• Consumer Banking Director
• Head of Internal Audit
• Head of Human Resources
• Credit Risk Management Head
• Legal Head
• CEO Office Head
• Head of Channels and Digitalisation
The RMC meetings are held regularly, with a minimum of 10 (ten) meetings per year.
The attendance of Risk Management Committee members at meetings held in 2024 was as follows:
Name Number of Meeting Attendance Percentage (%)
Henry Santoso 20 18 90
Teh Han Yi 20 18 90
Hendra Gunawan 20 18 90
Paul Rafiuly 20 19 95
Harapman Kasan 20 17 85
Sonny Samuel 20 16 80
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Good Corporate Governance
Name Number of Meeting Attendance Percentage (%)
Ardhi Wibowo 20 17 85
Cristina Teh Tan 18 14 78
Gevy Q. Wulandari 20 17 85
Yanuar Maulana Yusuf 18 18 100
Imbang Perdana Satryawan 20 18 90
Edisono Limin 20 17 85
Irvan Gunardwi 20 20 100
Tan Fransiska Hendra 13 12 92
The duties, authorities and responsibilities risk and capital of the Bank, including
of the RMC are as follows: approval on business decisions
a. Recommend or approve Bank-wide risk deviating from established risk
management strategies, model and management policy and procedures,
methodologies, policies, frameworks, such as taking of positions or risk
and guidelines. exposures beyond tolerable risk
b. Endorse or approve the risk management thresholds or limits.
improvement and development plans of i. Review and approve Bank-wide
the Bank based on the risk management stress test scenarios, assumptions,
implementation evaluation result. methodologies, results, and risk
c. Ensure effective risk management mitigation actions to be taken, as well
through proper risk measurement as contingent plans if needed.
methodologies. j. Develop Bank-wide risk awareness
d. Recommend and/or approve Risk culture and foster commitment in
Appetite and tolerable risk thresholds managing risk, including enforcement
or limits, as well as monitor and manage of consequence management through
risk portfolio of the Bank to be within the performance appraisal and
the prescribed risk limit. sanction, if needed.
e. Monitor and assess Risk Culture and k. Monitor and evaluate fraud
Conduct Risk, among others, through investigation reports including follow
review of Risk Culture Dashboard, which up actions.
sets out the metrics to track risk culture l. Review and decide on the resolution for
and conduct risk. un-resolved issues or matters from
f. Evaluate and approve the result of self- the new product and activity review
assessment on the Bank soundness process escalated by parties making
rating (Risk Based Bank Rating), new product and activity assessment
including the self-assessment on the through Operational Risk Management
risk profile rating of the Bank. Division.
g. Assess and evaluate the internal capital m. Review and approve new outsourcing
adequacy of the Bank, to ensure the activities, proposal of new Bank-wide
Bank has an adequate capital based insurance, and renewal of Bank-wide
on its risk profile. insurance.
h. Provide a forum for discussion and n. Review and approve new Product
decision on issues, matters, and Programme and its periodic review.
regulatory changes impacting the
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The RMC’s work programme and realisations in 2024 included but were not limited to:
No. Work Programme Realisation
1. RMC meeting is held in a In 2024, RMC meetings were conducted 20 (twenty) times, 14
regular basis, with minimum (fourteen) regular meetings and 6 (six) ad-hoc meetings.
of 10 (ten) meetings per year.
. The topics discussed in • The Bank’s Risk Profile was discussed and approved every
RMC meeting are, but not quarter, and Bank Soundness Rating every semester.
limited to: • In 2024, frameworks, policies, and guidelines recommended and
a. Risk Appetite; approved through RMC were UOBI Risk Appetite Framework
b. Bank Soundness Rating; & Statement, Business Unit Risk Appetite, Technology Risk
c. Risk Appetite; Management Framework & Policy, Personal Data Protection
d. Capital Adequacy (PDP) Policy, Operational Risk Management Framework &
assessment based on its Policy, IT Security Management and Cyber Resiliency Policy,
risk profile; Insurance Management Policy, Anti-Fraud Policy, Fraud Risk
e. Stress Test; Management Framework, Risk Based KPI Guidelines, Recovery
f. Risk Management policy, Plan Framework and Resolution Plan, Capital Management
guidance and procedure; Framework, Data Leakage Incident Management Procedures,
g. Operational Losses, Banking Operations Policy, Product Programme Policy,
Key Operational Risk Business Continuity Management Policy, Policy on Staff
Indicators (KORI) and Trading in Securities, Data Governance Framework & Policy,
potential or incident of Environmental Risk Management Framework, Reputational
Operational Risk which Risk Management Policy, Social Media Policy, Stress Testing
are deemed significant Policy, Model Risk Governance Policy, Credit Concentration Risk
to the Bank’s risk profile Management Policy, Credit Risk Management Policy, General
including the follow up Credit Policy for Corporate Banking, Commercial Banking,
actions; Business Banking, Bank (including Non-Bank Financial
h. Issues that are significant Institution) and Sovereign and Collateral Insurance Policy and
to the Bank’s position; and other policies for other credit risk.
i. Other matters, including • The RMC also reviewed and approved Product Programmes
discussion regarding the (PP), i.e. Interest Rate Caps and Floors, Risk Participation,
Bank’s main risks that Retail Corporate Bonds, FX Bundle Umbrella, Cross Border and
are not covered in other MultiBanks Sweep, Bond Option, FX Vanilla Option, FX Barrier
Committees such as Option, FX Structured Deposit, Foreign Government Bond.
Strategic, Compliance, • Updates on other significant issues regarding the Bank’s risk
Legal and Reputation exposure, such as significant Operational and Technology
Risk. risks were discussed every month in RMC.
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Good Corporate Governance
4. Anti-Money Laundering Committee
Based on the Board of Directors’ Decree No.24/SKDIR/0107 dated 17 October 2024 concerning Anti-
Money Laundering Committee (AMLC), the Committee composition is as follow:
Anti-Money Laundering Committee Members as of 31 December 2024
Chairman (also acting as Compliance, Legal & Corporate Secretary Director
member)
Deputy Chairman Risk Management Director
Member • Wholesale Banking Director
• Consumer Banking Director
• Technology and Operations Director
• Head of Channels & Digitalisation
• Wholesale Banking Business Management Head
• Consumer Banking Branch Governance & MDO Support Head
• AML/CFT & Sanctions, Anti Bribery & Corruption & Anti-Tax
Evasion Head
AMLC shall meet once every two months and meetings may be conducted more often when a decision
in line with its duty, authority and responsibility is required. In this case, the AMLC secretary will initiate
a meeting/request for approval via circulation.
The attendance of Anti-Money Laundering Committee members at meetings held in 2024 was as
follows:
Name Number of Meeting Attendance Percentage (%)
Ardhi Wibowo 9 9 100
Henry Santoso 9 9 100
Harapman Kasan 9 8 89
Cristina Teh Tan 9 8 89
Paul Rafiuly 9 9 100
Edisono Limin 9 8 89
Ferdy Djojo 9 7 78
Jessy Catharina Sigar 9 8 89
Febian Satria Nugraha 9 8 89
Should there be urgent AML/Sanctions cases that require immediate attention, ad-hoc meetings will be
called. In the event that such meetings cannot be convened, the cases will be circulated to the AMLC
members via e-mail or members that participate via teleconference.
Duties, authorities and responsibilities of AMLC are to:
a. Approve and endorse the Bank’s AML Business Management Tolerance metrics and monitor the Bank’s
risk profile against Bank’s AML Business Management Tolerance (including oversight of any return-to-
appetite plans).
b. Approve the Bank’s Anti-Money Laundering (AML)/Counter-Financing of Terrorism (CFT)/Counter-
Proliferation Financing of Weapons of Mass Destruction (CPF)/Sanctions risk and control frameworks
and policies.
c. Monitor material and emerging AML/CFT/CPF/Sanctions risk and oversee relevant action plans.
d. Oversee AML/CFT/CPF/Sanctions strategic initiatives.
e. Oversight of Bank’s fulfilment of material regulatory commitments related to AML/CFT/CPF/
Sanctions and adequacy of their responses.
f. Provide oversight of material AML/CFT/CPF/Sanctions issues, internal and external, including
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business continuity preparedness and Laundering (AML), Combating the
being notified of approved deviations Financing of Terrorism (CFT), Countering
from policies and procedures. Proliferation Financing (CPF), and
g. Oversee the effectiveness of AML/CFT/ Sanctions concern and draft sanction
CPF/Sanctions operations, and overall procedures;
health of AML/CFT/CPF/Sanctions 7. AML, CFT, CPF, and Sanctions draft policy
control frameworks including results proposal regarding the addition of the
from assurance and audit activities. Financial Conglomeration; Ongoing
h. Oversee outcomes and action plans Review (OGR)/Ongoing Due Diligence
from Bank’s Enterprise-wide AML/CFT/ (ODD) Overdue;
CPF/Sanctions Risk Assessment. 8. Discussion on status and result of the
i. Make decisions on customer cases Compliance Assurance Review Plan;
escalated per policy/procedures. 9. UOB Indonesia Transaction Monitoring
j. Oversee the Business Unit AML Forum (“TM”) Uplift Project – Three Tier Structure;
(AMLF) and Compliance AML Forum. 10. Report on AML/CFT/Sanctions Metrics
including deficiency on assurance rate
During 2024, AMLC held 9 (nine) due to incomplete fiiling out of the
meetings. During the AMLC meetings the account opening form (onboarding
implementation of AML/CFT programmes - deficiency rate), name screening
reported covers, among others: overdue and post Suspicious
Transaction Report (STR) Review;
1. Veracity check timeline extension due to 11. Cash Pick-up and Delivery Services
the need to locate the right documentation (CPUD) transaction that were not
in relation to close-and-convert and high reported as Cash Transaction Report
mismatch rate; Inconclusive Veracity and (CTR) to PPATK;
Risk Mitigation; 12. Project update including Actimize Upgrade;
2. Discussion on maintaining relationships 13. Action Plan Post Internal Audit –
with existing customers who have Financial Institution Group (FIG) & AFC
businesses as remittance agents and Ops including Non-Bank Financial
additional requirements on Existing to Institution (NBFI) clients, STR and
Bank (ETB) remittance agent customers; Operational License Document;
3. Update on identification result related to 14. Changes to the AMLC/AMLF Secretariat;
source of data on SAS and SQL for Data 15. Data Masking for all reports or
Analytics; submission of data/information to
4. Review result related to high-risk PPATK and the XML format;
payment corridor geographical location 16. Update on Term of References (TOR) of
and assessment result on credit card the Wholesale Banking Anti Financial
payment using cash method; Crime (AFC) Forum and Anti-Money
5. Request for approval on Post Operations Laundering Control Self-Assessment
Day 1 (OD1) Transaction Monitoring (AML CSA) 2024;
alerts spike and action plan (parameter 17. APEX Declassification – Politically
adjustment, Robotic Process Automation Exposed Person (PEP);
(RPA) auto close and increase capacity 18. Data Analytics on Emerging Money
with additional headcount) to mitigate Laundering Risk;
the spike and delays in suspicious activity 19. Supplementary Card Holder with Syria
investigations; Nationality;
6. Several Changes on policies and 20. Fircosoft Message Filtering (FMF)
procedures regarding to the addition of Whitelist Removal;
prohibited account and relationship on 21. Plan update Policy and Procedures
shell companies, vice-related business, during 2025.
customer with material Anti-Money
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Good Corporate Governance
5. Business Continuity Management Committee
Based on the Board of Director’s Decree PT Bank UOB Indonesia No. 24/SKDIR/0077 dated 1 July 2024,
the composition of Business Continuity Management Committee (BCMC) is as follows:
Business Continuity Management Committee Members as of 31 December 2024
Chairman (Recovery Director) Technology and Operations Director
Deputy Chairman (Alternate Finance and Corporate Services Director
Recovery Director)
Secretary Business Continuity Management - T&O Risk Governance and
Assurance
Permanent Members • Compliance, Legal & Corporate Secretary Director
• Global Markets Director
• Head of Human Resources
• Operational Risk Management Head
• Strategic Communications & Brand Head
• CEO Office Head
• Head of WB, Markets and Enterprise T&O
• Head of Channels & Digitalisation
• Corporate Real Estate Services Head
• Head of Retail-Banking and Channel T&O
• Wholesale Operations Head
• Consumer Banking Business Risk & Control Management Head
• Credit Administration & Control Head
• Customer Advocacy Head
BCM Committee Meeting is held at least twice a year.
The attendance of Business Continuity Management Committee members at meetings held in 2024 was
as follows:
Name Number of Meeting Attendance Percentage (%)
Paul Rafiuly 3 3 100
Teh Han Yi 3 3 100
Sonny Samuel 3 3 100
Ardhi Wibowo 3 3 100
Gevy Q Wulandari 3 3 100
Edisono Limin 3 3 100
Maya Rizano 3 3 100
Amelia Ragamulu 3 3 100
Indra Gunawan 3 3 100
Tan Fransiska Hendra 3 3 100
Monique Sagita 3 3 100
Ali Budiman 3 3 100
Alexander Husin 3 3 100
Brahmantya Paramajati 3 3 100
Jessy Catharina Sigar 3 3 100
Stella Damayanti 3 3 100
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The duties and responsibilities of BCM e. Provide direction for resolution on BCM
Committee are: issues of UOBI;
a. Ensuring that the Business Continuity f. Ensure appropriate governance is in
Management (BCM) of the Bank is place for UOBI to evaluate risks, identify
effective and comprehensive; mitigating initiatives and exercise
b. Ensuring that potential business business continuity / IT Disaster
continuity disruptions are managed Recovery plans;
to meet its business needs and g. Endorse deviations from BCM Policy
obligations; prior to approval by RMC;
c. Review annual BCM attestation in the h. Approve the list of Critical Functions in
Bank; the Bank;
d. Approve the BCM Task Force (BCMTF) i. Approve the list of Critical Systems in
Crisis Management Playbook in the the Bank;
Bank (including the crisis triggers for j. Approve the Business Continuity Risk
activation of BCM Task Force), and Assessment for the Bank;
define clear decision making authority k. Review regular reports on the status of
in the event of a crisis; the BCM Programme in the Bank.
The BCM Committee’s work programme and realisations in 2024 included but were not limited to:
No. Work Programme Realisation
1 Ensuring that the Business Continuity Visibility and status updates of the BCM
Management (BCM) of the Bank is effective programme were reported to the BCM Committee
and comprehensive twice a year and an additional adhoc BCM
Committee was conducted in 2024.
2 Ensuring that potential business continuity The Business Continuity Risk Assessment has
disruptions are managed to meet its been reviewed annually and reported to the BCM
business needs and obligations Committee.
3 Review annual BCM attestation in the Bank The BCM Committee has reviewed and approved
the 2024 BCM Attestation within the bank,
ensuring that the governance and strategy
principles of BCM are fulfilled in 7 principles
including:
1. Board of Directors and Senior Management
are responsible for the Bank's BCM;
2. Embed BCM into Business as Usual (BAU)
operation;
3. Bank should test Business Continuity Plan (BCP)
regularly, completely, and meaningfully;
4. Bank should develop recovery strategies and
set Recovery Time Objectives (RTOs);
5. Interdependency risk mitigation of critical
functions;
6. Bank should plan for wide area disruptions;
7. Bank should practice a separation policy to
mitigate concentration risk.
4 Approve the BCM Task Force (BCMTF) The BCM Committee Terms of Reference, BCM
Crisis Management Playbook in the Bank Task Force members, and Playbook were reviewed
(including the crisis triggers for activation and approved during the 1st BCM Committee on
of BCM Task Force), and define clear 25 June 2024.
decision making authority in the event of
a crisis;
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No. Work Programme Realisation
5 Provide direction for resolution on BCM The BCM programme is updated regularly to the
issues of UOBI BCM Committee.
6 Ensure appropriate governance is in The BCM Committee has endorsed regular reports
place for UOBI to evaluate risks, identify on BCM programme activities, including the scope
mitigating initiatives and exercise business and results of disaster recovery exercises.
continuity / IT Disaster Recovery plans
7 Endorse deviation from BCM Policy prior to The BCM Committee will provide endorsement for
approval by RMC any deviation from the BCM Policy.
8 Approve the list of the Critical Functions in BCM Committee has approved the updated list of
the Bank critical business functions for 2024.
9 Approve the list of the Critical Systems in The BCM Committee has approved the updated
the Bank list of critical systems and applications for 2024.
10 Approve the Business Continuity Risk BCM Committee approved the business continuity
Assessment for the Bank risk assessment for 2024.
11 Review regular reports on the status of the The BCM Committee has reviewed and approved
BCM Programme in the Bank the 2024 BCM Programme within the Bank,
ensuring that the governance and strategy
principles of BCM are fulfilled for the 7 principles.
6. Operational Risk Management Committee
Based on Board of Director’s Decree No. 24/SKDIR/0047 dated 24 Apr 2024 concerning Operational
Risk Management Committee the composition of Operational Risk Management Committee (ORMC)
are as follows:
Operational Risk Management Committee Members as of 31 December 2024
Chairman (Recovery Director) Risk Management Director
Deputy Chairman (Alternate Technology and Operational Director
Recovery Director)
Secretary Operational Risk Management Head
Permanent Members • Compliance, Legal & Corp. Secretary Director
• Consumer Banking Business Risk & Control Management
(BRCM) Head
• Wholesale Banking Business Management Head
• Global Markets Business Management Head
• Channels Risk & Assurance Head
• T&O Risk Governance & Assurance Head
• Integrated Fraud Management Head
• Human Resources Services Delivery Head
ORMC meeting is held on a regular basis, once a month and/or as and when there is an urgency to act
on operational risk.
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The attendance of Operational Risk Management Committee members in the meetings conducted
during 2024 was as follows:
Name Number of Meeting Attendance Percentage (%)
Henry Santoso 8 8 100
Paul Rafiuly 8 8 100
Ardhi Wibowo 8 6 75
Jessy Catharina Sigar 8 6 75
Ferdy Djojo 8 6 75
Gerry Hasang 8 6 75
Elly Sandora 8 7 88
Handi Mulia 8 7 88
Henry Kusumajaya Budiman 8 8 100
Lily Johan 8 7 88
The Duty, Authority and Responsibility of e. Review and endorse the improvement
Operational Risk Management Committee and enhancement plans for operational
are as follows: risk management of the Bank based
a. Assist RMC and Senior Management on the operational risk management
in maintaining effective oversight implementation evaluation result.
and governance over operational risk f. Review the operational risk profiles
management. dashboard of the business/support
b. Review and recommend operational units (e.g., operational risk losses, risk
risk appetite statements related and assessments/indicators, incidents or
tolerable risk thresholds for key risks issues) and oversee the adequacy of
under its purview and provide oversight significant/material operational risk
on their operationalization. management.
c. Report/escalate to RMC regarding g. Review and decide on the attribution
significant operational risk and of operational losses ≥ IDR 300 million
reputational risk issues/matters which do not meet the pre-determined
including approvals for exception criteria stated in the UOBI Incident
and/or deviation, or when there are Reporting Procedures and Guidelines
any regulatory changes impacting or amongst the affected Business/
operational risk capital and appetite. Support Units (BSUs) if more than one
d. Review and recommend Business BSU is involved, if required. These
Unit/Support Unit on general matters operational losses are incurred and
such as (but not limited to) emerging reported by BSUs via the Incident
operational risks, regulatory changes, Reporting programme.
third parties, outsourcing and product h. Oversee third party and outsourcing
programme. risks and governance, including
review and endorse new third party
outsourcing arrangement.
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The Work Programme of ORMC and its realization in 2024 included but were not limited to:
No. Work Programme Realisation
1 ORMC meeting is held on a regular basis, During 2024, ORMC held 8 (eight) meetings
once a month and/or as and when there with first commencement committee meeting
is an urgency of operational risk related held on May 2024.
matters to be acted upon.
2 The topics discussed in ORMC meeting • Monthly updates from Operational
include, but are not limited to updates on Risk Management and Technology Risk
significant operational risk issues such as Management
Legal, Compliance, Fraud and Information • Quarterly updates from Fraud Risk
Security which are discussed regularly every Management
quarter, and Operational and Technology • Quarterly updates from Litigation
risks which are discussed monthly. • Quarterly updates from Compliance & AML
• Quarterly updates from IT Security
3 ORMC to report/escalate to RMC regarding Significant incidents (with Major and above
significant operational risk issues/matters rating) and other operational risk issues/
matters are escalated and reported to RMC
7. Credit Policy Committee
Based on the Board of Directors’ Decree No. 24/SKDIR/0021 dated 23 February 2024 the composition
of Credit Policy Committee (CPC) is as follows:
Credit Policy Committee Members as of 31 December 2024
Chairman Risk Management Director
Deputy Chairman Compliance, Legal & Corporate Secretary Director
Secretary Credit Risk Management
Permanent Members • Wholesale Banking Director
• Consumer Banking Director or Head of Consumer Banking
• Technology and Operations Director
• Head of Internal Audit
• Head of Retail Credit
• Head of Corporate Credit
• Head of Commercial & FI Credit 1
• Head of Commercial & FI Credit 2
• Credit Risk Management Head
CPC meeting shall be held based on the needs of the Bank.
The attendance of Credit Policy Committee members at meetings held in 2024 was as follows:
Name Number of Meetings Attendance Percentage (%)
Henry Santoso 22 22 100
Ardhi Wibowo 22 18 82
Harapman Kasan 22 18 82
Cristina Teh Tan* 20 15 75
Paul Rafiuly 21 21 100
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Name Number of Meetings Attendance Percentage (%)
Imbang Perdana Satryawan 21 18 86
Ratnasari Kartawiria 22 20 91
Siswo Soebianto Iksan 22 20 91
FX Yanto Edy Umar 22 21 95
Rudy Widjaja 22 20 91
Yanuar Maulana Yusuf* 20 18 90
*CPC member since February 2024
Roles and responsibilities of the CPC are: and quality of the provision of funds
Roles given to Bank’s related parties and
a. To provide recommendation and large exposure obligors.
endorsement of the Bank's Credit Policy k. To monitor and evaluate the correctness
that will be approved and enforced by of the implementation of Legal Lending
the Board of Directors. Limit (LLL) regulation.
b. To oversee the proper application and l. To monitor and evaluate the settlement
execution of the Bank’s Credit Policy. of non-performing loans in accordance
c. To formulate solutions to address issues with the Bank’s Credit Policy.
arising from the implementation of the m. To monitor and evaluate the Bank’s
Bank’s Credit Policy. efforts to fulfill the adequacy of general
d. To conduct regular reviews of the Bank’s provision.
Credit Policy and provide suggestions to n. To monitor and evaluate the adequacy
Directors on changes or improvements to of credit infrastructure owned by the
the Credit Policy, where necessary. Bank.
e. To monitor and evaluate the o. To approve, monitor and evaluate
development and quality of the credit the implementation and execution of
portfolio as a whole (including rating Internal Rating Based (IRB) Credit Risk
grade distribution, migration and parameters, models and scorecards.
exposure reports).
f. To monitor and evaluate the adherence Responsibilities
to the prevailing Credit Policy, laws and a. Submit written report on a regular basis
other regulations in the implementation (at least once a year) to the Board of
of fund provision. Directors with a copy to Commissioners,
g. To monitor and evaluate the in relation to:
effectiveness of the credit risk • Supervision of Credit Policy
management structure. implementation and execution; and
h. To monitor and evaluate if the • Monitoring and evaluation of items
credit discretionary limit had been stated in the Duties of CPC.
implemented correctly. b. Provide inputs on corrective actions to
i. To provide input to the Board of the Board of Directors with a copy to
Directors on the determination of the the Board of Commissioners in relation
authority of credit discretionary limit. to the responsibilities of CPC on part (a)
j. To monitor and evaluate the correctness above.
of fund provision process, development,
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The CPC’s work programme and realisations in 2024 included but were not limited to:
No. Work Programme Realisation
1. Monitoring and The CPC held a total of 22 (twenty-two) meetings during 2024.
evaluating credit
portfolio quality, During 2024, CPC also reviewed and endorsed/approved among others:
stress-testing and • Revised Treatment of Stale Financials for Large Corporate LC and
other significant Small Medium Enterprise (SME) Models, Real Estate & Hospitality
issues related to Stress Test, UOBI Steel Portfolio Review 2024, UOBI Second Order
credit business. China Portfolio Review 2023, UOBI Income-Producing Real Estate
(IPRE) Model Review 2023 & Model Review 2024, Oil & Gas Stress Test,
PFS Credit Quality Review, CMB CBK Quarterly Portfolio Update, End
Financing (EF) Monitoring Review FY2023, BB Credit Transformation
update, Internal Audit (IA) Special Review of NPL Accountability
Report, NPL Block Review Unsecured Credit, Block P Transaction
monitoring update, CBK CMB Credit Portfolio Dashboard, Group
Wide Stress Test and Industry Wide Stress Test (IWST) 2024, Covid
19 & Restructure Portfolio Stress Test/Scenario Analysis and Industry
Wide Stress Test (IWST) Climate Stress Test.
CPC periodically monitors:
• The Bank’s credit portfolio. The Bank’s credit exposure is monitored for
each business segment i.e, Corporate Banking, Commercial Banking
and Financial Institutions, Business Banking, Housing Loan and Secured
Lending (HLS) and Unsecured Business.
• Concentration limit for both regulation and internal cap such as foreign
currency loan concentration, LLL, and provision made by the Bank through
Credit Risk Highlight updates. This action has supported CPC in giving the
right direction for the Bank’s credit portfolio.
• Large exposure borrowers.
• The covenant fulfillment of Wholesale Banking i.e Breach Letters
Monitoring, TBO Update, etc including the related business process
improvement.
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No. Work Programme Realisation
2. Review and provide During 2024, CPC reviewed, endorsed/approved and provide
recommendations recommendations on the new and revised credit policies/product
on credit policy programmes, including:
as well as credit • The Bank’s umbrella credit policy and credit risk management framework
discretionary limit as outlined in the Credit Risk Management Policy.
implementation. • Core Credit Policies that provide the general lending principles,
processes and minimum control requirement that apply to certain
business segment such as General Credit Policy for Corporates and
Financial Institutions, and Retail Credit Policy & Process Standard
(RCPPS) for Credit Risk Management of Retail Portfolios.
• Specific credit policies derived from the core credit policy that provide
a more granular guidance to be implemented according to related
business segments among others including: BB Revamped BizSol Trade
Test Program, BB Revamp Limit BizSol FSCM programme, BB BizSol
Takeover Program, EF Limit Proposal Developer, Policy Harmonisation
on Permanent Limit Increase CP Cross-Sell, CC Past Due Transactions
Allowing Transactions for Block P (X Days), BB BizSolution FSCM
Distributor Financing Program, Avatec Rescore Gen3, Fast-Track FSCM,
New CC Application Scorecards, New CC Application Scorecards, Pay
Anything, formalisation SBLC for LLL Guideline, Indonesia Taxonomy
for Sustainable Finance CRM and update of Responsible Financing
Checklist, WB’s Sustainable Finance Frameworks & Processes, Country
Risk Standard & Process, Unadvised Securities Financing Transaction
(SFT) Framework for Repo and Securities Buy/Sell Trading with Select
Banks in Relation to UOBI’s Primary Dealer Role, CC New A Score Cut off
Strategy, BB Country Lending Program (CLP) Renewal, GM Unadvised
Securities Financing Transaction (SFT) Limits for Buy/Sell of Fixed Income
Securities with Non Corporate Counterparties Framework, TMRW Credit
Card A-Score Model Review, PRD Renewal & Portfolio Review UOBI/ PFS
Cards and CashPlus, Adhoc Review PRD Early Payment Discounting,
General Insurance Partner, PLM Framework, Credit Concentration Risk
Management Policy, Credit Insurance Collateral Policy, Project Avatec.ai
update Wind Down, AVATEC Decommission Policy Update, 2023 UOBI
BB Credit Underwriting Engine (CUE) Model & Bscore Model Review
and CPG Oversight and Retail Risk Appetite (RRA) Monitoring.
• Review and update Term of Reference related to CPC, CMWG, EXCO,
and CC, as well as CPC & CMWG attendance review.
8. Human Resources Committee
Based on the Board of Directors’ Decree No. 24/SKDIR/0079 dated 8 July 2024 concerning Human
Resources Committee (HRC) in Head Office, the composition of HRC was as follows:
Human Resources Committee Members as of 31 December 2024
Chairman President Director
Secretary HR Leadership Team or HR Business Partner Lead
Members • Finance & Corporate Services Director
• Wholesale Banking Director
• Strategic Business Development, Retail & Channels
Transformation Director
• Consumer Banking Director
• Head of Human Resources
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HRC meetings are held as and when required, or at least once in every 3 (three) months.
The attendance of Human Resource Committee members at meetings held in 2024 was as follows:
Name Number of Meetings Attendance Percentage (%)
Hendra Gunawan 9 9 100
Teh Han Yi 9 8 89
Harapman Kasan 9 9 100
Gevy Q Wulandari 9 9 100
Choi Yau Chi 4 3 75
Cristina Teh Tan 6 5 89
The duties and authorities of HRC are to: performance management, employee
Duties engagement and staff/ leadership
• Review and approve HR strategy to training & development.
support the company’s strategy and • Review and approve HR policies
objectives. and people agenda including talent
• Review and approve HR policies which management and succession planning.
cover: • Review and approve key talents for the
-- Recruitment and assessment Bank and at regional level.
-- Organisation Development • Review and approve overall employee
-- Learning and development performance rating distribution,
-- Talent Management compensation recommendation and
-- Employee Performance performance bonus distribution.
Management • Review and approve employee
-- Reward and recognition promotion guidelines.
• Provide recommendations to the
For non material changes, review and Remuneration and Nomination
approval would be given by Head of Committee with regards to the
Human Resources. appointment and/or replacement of
• To ensure the execution of HR strategy Senior Executive Officers based on
and HR policies. relevant experience, competencies
and individuals’ capabilities. HRC can
Authorities also provide recommendations on
• Review and approve proposed key HR remuneration.
policies and programmes presented.
• Review HR strategies including
recruitment, remuneration,
The HRC’s work programme and realisations in 2024 included but were not limited to:
No. Work Programme Realisation
1 HRC meetings are HRC had fulfilled its work programme in having minimum of one meeting
held as required, every quarter and in 2024, HRC was conducted 9 (nine) times in a year.
or at least once
in every 3 (three)
months.
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No. Work Programme Realisation
2 Issues or topics the HRC had discussed and endorsed/concluded the followings:
discussed at the • Nomination - Executive Officer (PJE), HR Committee Member and
HRC meetings Panel Ethic Member
include, but are not • Learning Development and Talent Management
limited to: -- Learning Framework;
a. Recruitment and -- Recommendation of 2024 LAP participants;
assessment; -- UOB Way Plan for People Managers and Progress Report
b. Organisation -- Critical Roles, Succession Planning and Development Plans
development; • Know Your Employees - Employee Financial Health Report and
c. Learning and Analysis and Recommended Actions
development; • 2024 Performance Management & Rewards Plan
d. Talent -- Performance Improvement Plan (PIP) Report and Analysis;
management; -- 2024 Performance Distribution;
e. Employee -- Promotion proposal;
performance -- 2024 Performance Bonus and 2025 Merit Increase;
management; • Talent Acquisition – Employee Referral Programme Progress Update
and and Recommendation
f. Reward and • Employee Engagement – 2024 EES Result update and Recommended
recognition. action plan.
9. Credit Committee
Based on the Board of Directors’ Decree No. 24/SKDIR/0002 dated 23 January 2024 concerning Executive
Committee – Credit (EXCO) and Credit Committee (CC), the composition of the Credit Committee is as
follows:
Credit Committee Members as of 31 December 2024
Chairman President Director
Secretary Related Credit Division
Permanent Members • Risk Management Director
• Wholesale Banking Director or Consumer Banking Director
• Head of Related Credit:
-- Head of Corporate Credit
-- Head of Commercial & FI Credit 1a
-- Head of Commercial & FI Credit 2a
-- Head of Retail Creditb
-- Business Banking Credit Headc
a
For Commercial Banking & FI credit proposal.
b
For PFS credit proposal.
c
For Business Banking credit proposal.
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Good Corporate Governance
Discretionary Authority
1. To provide credit decision in accordance with its discretionary limit that includes all types of
exposures, direct and/or contingent, such as exposures to counterparties and customers arising from
lending/financing, underwriting/syndication, securities (loan replacement), derivative instruments,
settlement risks, interbank limit, end financing (EF) property limit and other product programme.
2. To coordinate with the Assets and Liabilities Committee (ALCO) in the aspects of Credit Financing.
In 2024, 444 credit proposals were submitted to the Credit Committee, consisting of 8 proposals from
Business Banking segment, 121 proposals from the Corporate Banking segment, 254 proposals from the
Commercial Banking segment, 23 proposals from the Financial Institution segment, 35 proposals from
Special Asset Management, and 3 proposals from the PFS Unsecured Credit segment.
10. Information Technology Committee
Based on the Board of Directors’ Decree No. 23/SKDIR/0062 dated 4 May 2023 concerning PT Bank
UOB Indonesia Information Technology Committee (ITC), the composition of ITC is as follows:
Information Technology Committee Members as of 31 December 2024
Chairman President Director
Deputy Chairman Technology and Operations Director
Members • Finance and Corporate Services Director
• Risk Management Director
• Compliance, Legal & Corporate Secretary Director
• CEO Office Head
ITC meeting shall be held on a regular basis, at least 4 (four) times a year.
The attendance of Information Technology Committee members at meetings held in 2024 was as follows:
Name Number of Meetings Attendance Percentage (%)
Hendra Gunawan 14 14 100
Paul Rafiuly 14 14 100
Teh Han Yi 14 12 86
Henry Santoso 14 13 93
Ardhi Wibowo 14 9 64
Tan Fransiska Hendra* 10 9 90
*) Mrs. Tan Fransiska Hendra effectively served as ITC Member as per May 2024.
Duties, authorities and responsibilities of • Discussing a policy in relation to the
ITC are as follows: utilisation of information technology
Duties and Responsibilities such as utilisation of software,
• Assisting the Bank in deciding and hardware, and professional service to
supervising the Bank’s investments in be engaged.
the field of IT, and being responsible • Assisting the Bank in directing,
for developing infrastructure, IT security overseeing and managing information
and strategic plans for information technology security risk in accordance
technology, while ensuring that with technology security policies.
everything is in line with the business • Reviewing the progress of IT key
strategy of the Bank. activities on periodical basis, in order
• Discussing specifically about plans on to ensure sufficient Bank resources to
information technology development, support IT key activities and to resolve
either currently applied by the Bank or issue arising from those IT key activities.
new technology. • Assuming responsibility for duties
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and responsibilities delegated as
established in Board of Directors' • Approving policies in relation to
Decree No. 23/SKDIR/0062 dated 4 strategy or utilisation of information
May 2023. technology such as utilisation of
software, hardware, and professional
Authorities services to be engaged.
• Approving information technology • Setting the priority for IT developments
development plans, either currently which are strategic, compliance,
applied by the Bank or new technology. business or customer service in nature.
• Approving any risk deviation from
Note: standard policy in utilisation of
Cost expense will be guided by the SOP technology as a result of security risk
for Requisition, Procurement and Payment assessment report based on prevailing
through Procurement and Expense IT security guidelines.
Management System (PEMS).
The following ITC’s work programme and realisations in 2024 included but were not limited to:
No. Work Programme Realisation
1. Conducted routine meetings In 2024, the IT Committee convened 14 (fourteen) meetings to
to review and approve IT review and approve IT investments. These investments were
investment (for purchase of aligned with the strategic goals of the Bank and covered the
equipment and IT projects following areas:
implementation), monitor A. Ensuring IT Infrastructure Development based on a well-
IT strategic projects, and structured strategy
approve strategic IT policy. The IT Committee consistently coordinated IT initiatives to
ensure alignment with the Bank’s long-term (RSTI), medium-
term (RBB), and short-term plans (ITDP), as outlined in the
strategic roadmap. This was achieved through the following
initiatives:
a. Development and implementation of key systems such
as: PWEB and Visa/MasterCard Compliance, MasterCard
ABU Waiver, Migration of Avatec services, Progression
of Voyager for enhanced connectivity, including H2H
integration and Soft Token solutions.
b. Enhancements in digital banking infrastructure, including:
Digital Bank Releases, Upgrades in application systems.
c. Strengthening support systems through enhancements
and upgrades, such as: Implementation of WalkMe
to Human Capital Management Systems (HCMS).
Deployment of Workday, Standard Unit Rate (SUR), and
Business Product Enhancement.
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Good Corporate Governance
No. Work Programme Realisation
B. Ensuring IT Security Risk Management
The IT Committee prioritized IT Security and Risk Management
investments by accommodating initiatives focused on key risk
mitigation and security enhancement strategies, including:
Implementation of the Network Detection and Response
system, Progression of One Identity (Stage 2) for improved
access management and security controls.
C. Ensuring IT Key Activities
The IT Committee ensured the seamless implementation of
key IT activities through the following measures: Alignment
of initiatives with the Bank’s strategic agenda (RSTI) and
adherence to predefined budgets for the running year.
Mandatory inclusion of the following elements for every
proposed initiative: Clear business justification, Cost/
investment analysis, Delivery timeline, and Implementation
of a Post-Implementation Review (PIR) for all revenue-
generating initiatives to ensure alignment with the initial
proposal and fulfillment of the stated objectives. Additionally,
the IT Committee discussed updates on: IT performance and
optimization strategies, The IT Security Roadmap, and the IT
policies, standards, and procedural security improvements.
D. Balance Score Card (BSC)
The IT Committee ensured alignment between Bank’s
business strategic plan and Balance Score Card through the
following measures:
a. Addressing Obsolescence and Run The Bank (RTB)
initiatives aimed at enhancing recoverability from system
outages, and minimizing the likelihood of unplanned
disruptions in operations.
b. Utilising the IT Roadmap, Rencana Strategis Teknologi
Informasi (RSTI), Rencana Bisnis Bank (RBB), and
Information Technology Development Plan (ITDP) as
comprehensive summaries to monitor budget allocations
and progress of projects, whether under planning or
already in implementation.
This structured approach highlights the Bank’s commitment
to maintaining a robust, secure, and efficient IT investment
aligned with regulatory and Bank’s strategic expectations.
Pursuant to the provisions of OJK Circular No. 16/SEOJK.04/2021 dated 29 June 2021 regarding the
Format and Content of the Annual Report for Issuers or Public Companies, the following outlines the
information on members of committees under the Board of Directors as of 31 December 2024.
The profiles of the Board of Directors and Senior Executives who are members of committee(s) are
included in the “Profiles of the Board of Directors and Senior Executives” section of the Company Profile
in this Annual Report.
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The profiles of Executive Officers members of
committee(s) are presented below.
Edisono Limin Ratnasari Kartawira
Head of Channels and Digitalisation Head of Corporate Credit
Indonesian, 48 years old Indonesian, 60 years old
Working Experiences (with last held position) Working Experiences (with last held position)
• 2013-present, PT Bank UOB Indonesia as Head of • 2011-present, PT Bank UOB Indonesia as Head of
Channels & Digitalisation Corporate Credit
• 2008-2013, Commonwealth Bank, as SME Regional • 2008-2011, The Royal Bank of Scotland as Head of
Manager (SVP) Transactional & Portfolio
• 2000-2008, PT Bank Central Asia Tbk., as Team Leader • 1991-2008, ABN Amro Bank as Head of Credit Portfolio
• 1999-2000, Asuransi Central Asia, as Marketing Management
Executive • 1990, PT Nikko Securities as Corporate Finance Officer
Has more than 23 years of experience in the banking Has more than 29 years of experience in the banking
industry. industry.
Educational Background Educational Background
1995, Bachelor's Degree Tarumanagara University, Jakarta 1989, Bachelor’s Degree, California State University, USA
FX Yanto Edy Umar Rudy Widjaja
Head of Commrcial & FI Credit 2 Head of Retail Credit
Indonesian, 53 years old Indonesian, 54 years old
Working Experiences (with last held position) Working Experiences (with last held position)
• 2017-present, PT Bank UOB Indonesia as Head of • 2016-present, PT Bank UOB Indonesia as Head of
Commercial & FI Credit 2 Retail Credit
• 2016-2017, PT Bank Permata Tbk., as Head of Business • 2014-2016, Citibank Indonesia as Credit Operations
Credit Analyst & Portfolio Mgt Director
• 2009-2016, PT Bank Danamon Indonesia as Wholesale • 2008-2014, Citibank Phillipines & Guam as Credit
Business Head Operations Director
• 2007-2009, PT Fitch Ratings Indonesia as Associate • 2006-2008, Citifinancial Japan as Collections Head
Director • 1996-2006, Citibank Indonesia as Country Collections
• 2006-2007, PT Bank OCBC Indonesia as AVP Credit & Head
Marketing Dept. • 1995-1996, PT Indo Airo Sugih Indonesia as Business
• 2001-2004, PT Bank Mizuho Indonesia as Officer Development Manager
Business Development • 1992-1995, Seagate Technology Singapore as
• 1999-2001, PT Bank Fuji Internasional Indonesia as Industrial Engineer
Business Plan Supervisor
Has more than 24 years of experience in the banking
Has more than 21 years of experience in credit area of industry.
banking industry.
Educational Background
Educational Background 1992, Bachelor’s Degree, Iowa State University, USA
1996, Bachelor’s Degree, Bandung Insitute of Technology,
Bandung
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Good Corporate Governance
Siswo Soebianto Iksan Imbang Perdana Satryawan
Head of Commercial & FI Credit 1 Head of Internal Audit
Indonesian, 59 years old Indonesian, 46 years old
Working Experiences (with last held position) His profile can be found in the Profile of the Head of
• 2017-present, PT Bank UOB Indonesia as Head of Internal Audit section of this Annual Report on page 219.
Commercial & FI Credit 1
• 2010-2017, PT Bank Danamon Indonesia as Senior
Credit Officer Gevy Q Wulandari
• 2000-2010, PT Bank Internasional Indonesia as Head of Human Resources
Corporate Credit Portfolio Head
Indonesian, 56 years old
• 1994-2000, PT Bank Tiara Asia as Head of Treasury &
Internal Division
Profile can be found in the Remuneration and Nomination
• 1990-1994, PT Bank Danamon Indonesia as Account
Committee section of this Annual Report on page 179.
Officer
• 1988-1990, Universitas Kristen Satya Wacana as
Lecturer
Has more than 31 years of experience in banking industry.
Educational Background
1990, Bachelor’s Degree, Universitas Kristen Satya
Wacana, Salatiga
W. Kartyono
Head of Transaction Banking
Indonesian, 47 years old
Working Experiences (with last held position)
• 2010-present, PT Bank UOB Indonesia as Head of
Transaction Banking
• 2010-2010, ANZ Panin Bank as Head of Trade &
Supply Chain Sales
• 2005-2010, Bank DBS Indonesia as Head of Trade
Finance Sales
• 1999-2005, Bank Central Asia as Trade & Payment
Specialist at International Banking Divison
Has more than 21 years of experience in banking industry.
Educational Background
1999, Bachelor’s Degree, Tarumanagara University,
Jakarta
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Profile of Bank’s Officers who are members of
Indra Gunawan
committee(s) are presented below.
Head of WB, Markets and Enterprise T&O
Indonesian, 45 years old
Alexander Husin
Working Experiences (with last held position) Credit Administration & Control Head
• 2023-present, PT Bank UOB Indonesia as Head of WB, Indonesian, 47 years old
Markets and Enterprise T&O
• 2021-2023, Canadia Bank Plc as Chief Technology Working Experiences (with last held position)
Officer • 2021-present, PT Bank UOB Indonesia as Credit
• 2015-2021, Novus Technologies as Chief Executive Administration & Control Head
Officer • 2015-2021, PT Bank HSBC Indonesia as Senior
• 2013 - 2015, Hitachi as Senior Project Manager Vice President Wholesale Operation Lead Credit
• 2011-2013, Accenture as System Integration Lead, Operations
Technology Consulting Workforce • 2011-2014, PT Bank Permata Tbk., as Vice President -
• 2004-2011, PT Bank Mandiri as Technical Specialist, Head Unit Operational Risk & Quality Assurance
Prepaid Card Solutions Team • 2004-2011, Citibank, N. A., as Assistant Vice President
• 2003-2004, Schlumberger as Engineer - Control Unit - Credit Operations Consumer Banking
• 2003, Elnusa Rentrakom as Telecommunication • 2000-2002, PT Mitrais (Mincom) as Software Engineer
Engineer • 1999-2000, PT Multipolar as Programmer
Has more than 20 years of experience in banking and Has more than 23 years of experience in banking and other
other industries. industries.
Educational Background Educational Background
• 2008, Master's Degree, Universitas Indonesia • 2003, Master's Degree, The University of New South
• 2003, Bachelor’s Degree, Institut Teknologi Bandung Wales, Australia
• 1998, Bachelor’s Degree, Universitas Pelita Harapan,
Jakarta
Monique Sagita
Head of Retail-Banking and Channel T&O
Indonesian, 49 years old Amelia Ragamulu
Customer Advocacy Head
Working Experiences (with last held position) Indonesian, 54 years old
• 2023-present, PT Bank UOB Indonesia as Head of
Retail-Banking and Channel T&O Working Experiences (with last held position)
• 2004-2023, PT Bank HSBC Indonesia as Head of • 2016-present, PT Bank UOB Indonesia as Customer
Business Services (Operations) Experience and Advocacy Head
• 1999-2004 Capital One Financial as Senior Operations • 2010-2016, PT Bank Maybank Indonesia as Head of
Analyst. Centralised Customer Care
• 2009-2010, ABN Amro Bank as Head of Client Loyalty
Has more than 25 years of experience in banking and for Branch Banking, Wealth Management, Private
other industries. Client and Credit Retention Unit
• 2004-2007, Standard Chartered Bank as Head
Educational Background Customer Contact Center
1999, Bachelor’s Degree, Purdue University, USA. • 1994-2004, Citibank, N.A. as Service Manager
Has more than 27 years of experience in banking industry.
Educational Background
1993, Bachelor’s Degree, Bogor Institute of Agriculture,
Bogor
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Good Corporate Governance
Ferdy Djojo Irvan Gunardwi
Wholesale Banking Business Management Head Legal Head
Indonesian, 44 years old Indonesian, 53 years old
Working Experiences (with last held position) Working Experiences (with last held position)
• 2017-present, PT Bank UOB Indonesia as Wholesale • 2021-present, PT Bank UOB Indonesia as Credit
Banking Business Management Head 2014-present, PT Bank UOB Indonesia as Legal Head
• 2016-2017, Citibank as Relationship Manager Financial • 2010-2014, PT Bank DBS Indonesia Tbk. as Head of
Institutions, Corporate and Investment Banking Legal - Consumer Banking Group
• 2010-2016, Standard Chartered Bank as Director, • 2003-2010, PT BII Maybank Tbk as General Legal
Relationship Manager Counsel & Corporate Secretary Division Head
• 2007-2010, PT Bank DBS Indonesia as Relationship • 2000-2003, PT Bank Permata Tbk as Head of Advisory
Manager (Origination) & Monitoring
• 1995-2003, PT Bank Bali Tbk. as Department Head in
Has more than 17 years of experience in banking and Corporate Legal & Compliance Department
other industries • 1994-1995, Shipping Line Company, Export Department
Officer
Educational Background
• 2003, Masters Degree, Monash University Has more than 28 years of experience in banking and other
• 2002, Bachelor’s Degree, Monash University industries.
Educational Background
Febian Satria Nugraha • 2005, Master's Degree, University of Indonesia, Jakarta
AML/CFT & Sanctions Head • 1993, Bachelor's Degree, Brawijaya University, Malang
Indonesian, 48 years old
Working Experiences (with last held position) Maya Rizano
• 2000-present, PT Bank UOB Indonesia as AML/CFT & Strategic Communication & Brand Head
Sanctions, Anti Bribery & Corruption & Anti Tax Evasion Indonesian, 59 years old
Head
• 1995-1997, PT Hanoman Dharma as Marketing Working Experiences (with last held position)
• 2015-present, PT Bank UOB Indonesia as Strategic
Has more than 29 years of experience in banking and Communications & Brand Head
other industries. • 2009-2011, PT Bank Barclays Indonesia as Head of
Marketing and Corporate
Educational Background • 2007-2009, PT Bank Internasional Indonesia Tbk. as Vice
1991, Bachelor’s Degree, Universitas Pasundan President, Head of Marketing
• 2001-2007, Citibank, N.A. as Vice President, Head of
Integration
• 1997-2001, PT Excelcomindo Pratama as General
Manager Marketing Communication.
• 1996-1997, Danone International Brands as Marketing
Manager
• 1988-1996, PT Unilever Indonesia as Marketing Manager
Has more than 35 years of experience in banking and
other industries.
Educational Background
1987, Bachelor’s Degree, University of Hartford, USA
210 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Stanly Gunawan Ali Budiman
Central Treasury Unit Head Wholesale Operations Head
Indonesian, 40 years old Indonesian, 50 years old
Working Experiences (with last held position) Working Experiences (with last held position)
• 2018-present, PT Bank UOB Indonesia as Central • 2022-present, PT Bank UOB Indonesia as Wholesale
Treasury Unit Head Operations Head
• 2016-2018, PT Bank Commonwealth as VP, Head of • 2016-2022, PT Bank ANZ Indonesia as Head of
ALM & Portfolio Management Institutional Operations
• 2014-2016, PT Bank ANZ Indonesia as AVP, ALM • 2002-2016, Citibank as Head of Treasury Trade
Financial & Governance (Finance) Solutions Operations
• 2011-2014, PT Bank Commonwealth as Senior • 2001-2002, Westpac as Global Securities Investigation
Manager, ALCO & Treasury Analytics (Global Market, • 1999-2001, PT Trinunggal Komara as Marketing/
Treasury) Merchandising Manager
• 2007-2011, Standard Chartered Bank as Senior • 1996-1999, PT Bank UOB Indonesia as Treasury Dealer
Asistant Manager, ALCO Support (Country Finance)
• 2006-2007, Lufthansa Systems as Software/System Has more than 28 years of experience in banking and
Developer other industries
Has more than 17 years of experience in banking industry. Educational Background
• 1995, Master's Degree, University of Notre Dame
Educational Background Australia
2006, Bachelor’s of Science in Business Administration • 1995, Bachelor’s Degree, Curtin University
MIS & Finance, The University of Arizona, USA
Stella Damayanti
Corporate Real Estate Services Head
Indonesian, 49 years old
Working Experiences (with last held position)
• 2018-present, PT Bank UOB Indonesia as Corporate
Real Estate Services Head
• 2016-2018, PT Bank HSBC Indonesia as SVP, Head of
Corporate Real Estate
• 2007-2016, PT Bank DBS Indonesia as VP, Capex,
Portfolio and Lease/Transaction Head (CRE
Departement)
• 2005-2007, Jones Lang Salle Indonesia as Senior
Project Manager
• 2002-2005, PT. Ahara Prima Design as Project
Coordinator
Has more than 21 years of experience in banking and
other industries.
Educational Background
1999, Bachelor’s Degree, Parahyangan Catholic
University, Bandung
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Good Corporate Governance
Brahmantya Paramajati Jessy Catharina Sigar Brahmantya
Operational Risk Management Head Paramajati
Indonesian, 43 years old Consumer Business Risk & Control Head
Indonesian, 51 years old
Working Experiences (with last held position)
• 2023-present, PT Bank UOB Indonesia as Operational Working Experiences (with last held position)
Risk Management Head • 2023-present, PT Bank UOB Indonesia as Consumer
• 2021-2022, Commonwealth Bank as Line-1 Business Business Risk & Control Head
Risk & Control Dept Head • 2017-2023, Citibank Indonesia as Consumer Risk And
• 2015-2021 Citibank Indonesia as Compliance Business Control Group
Control Officer • 2010-2017 PT Bank Danamon Indonesia Tbk as
• 2014-2015 PT Permata Bank Tbk as Operational Consumer & Subject Matter Expertise Operational Risk
Excellence (OPEX) Leader - Retail Banking Management & Quality Assurance
• 2007-2014 Bank DBS Indonesia as Head, Service and • 2004-2010 General Electric Finance Indonesia as
Process Improvement Country Compliance & Control H
• 2004-2007 Citibank Indonesia as BI Reporting Officer • 1999-2004 Citibank N.A Singapore as Country Quality
Assurance Management
Has more than 20 years of experience in banking • 1997-1999, Citibank Indonesia as Risk Analyst - Credit
industry. Policy
Educational Background Has more than 27 years of experience in banking and
2004, Bachelor’s Degree, Institute of Technology other industries.
Bandung.
Educational Background
1997, Bachelor’s Degree, University of Wollongong,
Australia.
Vera Margaret
Wealth & Retail Liabilities Head Tan Fransiska Hendra
Indonesian, 45 years old CEO Office Head
Indonesian, 40 years old
Working Experiences (with last held position)
• 2021-present, PT Bank UOB Indonesia as Wealth & Working Experiences (with last held position)
Retail Liabilities Product Head • 2019-present, PT Bank UOB Indonesia as CEO Office
• 2010-2021, PT Bank CIMB Niaga Tbk. as Wealth Head
Management, Insurance & Deposit Product Head • 2007-2018, PT Bank HSBC Indonesia as Liability & FX
• 2008-2010, PT Bank DBS Indonesia as Head of Coordinator, Business Banking Commercial Banking
Investment, Insurance and Treasury • 2006-2007 Standard Chartered Bank as Business
• 2002-2008, Manulife Financial as Mutual Fund Development Credit Card & Personal Loan
Partnership Distribution Head
Has more than 18 years of experience in the banking
Has more than 30 years of experience in banking and industry.
other industries.
Educational Background
Educational Background 2005, Bachelor’s Degree, University of Sydney.
2001, Bachelor’s Degree, Iowa State University, USA
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Corporate Secretary
The Corporate Secretary is a unit responsible directly to the Board of Directors,
and acts as the liaison between the Bank and its internal stakeholders, affiliated
regulatory institutions, external parties, and investors. The Corporate Secretary’s
appointment serves to support the Board of Commissioners and the Board
of Directors in carrying out their duties and responsibilities, with a particular
focus on ensuring the implementation of GCG. The Corporate Secretary is also
tasked to manage effective communication with both internal and external
stakeholders.
Appointment of Corporate Secretary In order to support implementation of duties, the
The Corporate Secretary is appointed by the Board of Corporate Secretary has followed competency
Directors. Currently, the office of the Corporate Secretary development and training programmes during 2024, as
is held by Susilowati, who had officially served since 25 follows:
June 2015 by virtue of Board of Directors’ Decree No.15/
DIR/0021. In the organisational structure of the Bank, No. Name of Workshop/Training/Seminar and
the Corporate Secretary reports directly to Compliance, Organiser
Legal and Corporate Secretary Director.
1 Legal Workshop 2024 - Implementation of
Personal Data Protection Law
Corporate Secretary Profile
2 Refreshment of Risk Management Certificate
Level 5 in 2024
3 Hearing on the Draft of OJK Regulation regarding
Financial Conglomerate and Financial Holding
Company
4 The UOB Way Workshop and Roll-Out
5 Personal Data Protection Training for Line Data
Protection Officer
6 User ID & Access Management Cycle Socialization
Susilowati 7 Secure Email Socialisation
Corporate Secretary
8 Compliance, Legal & Corporate Secretary
Sharing Session 2024
Susilowati is domiciled in Jakarta and graduated with a 9 Socialisation of OJK Regulation Draft regarding
Bachelor’s Degree in Management from Tarumanagara Financial Conglomerate and Financial Holding
University Jakarta in 2003. She received a Master's Company
Degree in Accounting from Trisakti University Jakarta in 10 Socialisation of SPE-IDXnet regarding the
2009. Susilowati started her career in 2004 at PT Bank Development of Reporting Forms for AP/KAP,
Victoria International Tbk her last last position there was Structured Warrants, and ESG
Corporate Secretary Division Head.
Development of Competencies of Corporate Secretary
Susilowati had participated in competency development
programmes namely Banking Risk Management
Certification Qualification Level 5 from Banking
Professional Certification Agency.
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Good Corporate Governance
Duties and Responsibilities of Corporate Secretary Realisation of Duties and Responsibilities of
Corporate Secretary function of the Bank refers to Article Corporate Secretary
5 of OJK Regulation No. 35/POJK.04/2014 concerning In 2024, the Corporate Secretary has conducted the
Corporate Secretary of Issuers or Public Companies, as following duties and responsibilities:
follows:
1. To stay abreast with the developments in the Capital 1. Convening the AGM on 30 April 2024.
Market, particularly the laws and regulations 2. Submitting the Annual Report for financial year 2023
applicable in the field of Capital Market; and Financial Statements for financial year 2023 to
2. To provide inputs to the Board of Directors and Board related stakeholders.
of Commissioners of the Issuing Company or Public 3. Attending and preparing minutes of Board of
Company in order to comply with the provisions of Commissioners meeting, Board of Directors meeting,
laws and regulations in the field of Capital Market; as well as meetings of Committees reporting to the
3. To assist the Board of Directors and the Board of Board of Commissioners.
Commissioners in implementing GCG, which includes: 4. Preparing documentation on the Fit and Proper
i. Transparency of information to the public, Assessment for the candidate member of Board of
including availability of information on the Directors.
Website of the Issuing Company or Public 5. Updating the Internal Regulation of the Company
Company; relating to Board of Commissioners and Board of
ii. Submission of reports to the Financial Services Directors as well as Committees reporting to the
Authority in a timely manner; Board of Commissioners in order to comply with the
iii. Conduct and documentation of GMS of prevailing regulations.
Shareholders; 6. Assisting the Board of Directors and the Board of
iv. Conduct and documentation of Board of Commissioners in implementing GCG among others
Directors and/or Board of Commissioners by ensuring smooth communication between
meetings; and the company and the stakeholders, ensuring
v. Implementation of corporate orientation the availability of and access to information as
programme for the Board of Directors and the reasonably required by stakeholders and conveying
Board of Commissioners. information about corporate action to the regulator
4. Liaison between the Bank and the shareholders concerned.
of the Issuing Company or Public Company, the 7. Coordinating with the Compliance Function in
Financial Services Authority and other stakeholders. preparing self-assessments and implementation of
the report on GCG related to the Board of Directors,
Board of Commissioners and Committees reporting
to the Board of Commissioners.
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Corporate Communications
The Strategic Communications and Brand function plays a vital role in
maintaining the Bank’s positive corporate image. Its communication strategy
is prudently developed to build public trust and uphold a strong reputation
through consistent, year-round internal and external communication activities.
This function also contributes to supporting the Bank’s sustainable business
growth by aligning communication efforts with strategic objectives.
Annual Report • 25 September 2024
Since 2016, Strategic Communications and Brand and Unlocking Indonesia’s Economic Potential Through
Corporate Secretary have had jointly in charge for the Targeted Fiscal Policies and Financial Deepening for
preparation and publication of the Annual Report that High-Quality, Sustainable Growth
discloses UOB Indonesia’s business performance. • 10 September 2024
UOB Indonesia and Telkomsel have launched a
Press Release co-branded credit card with the slogan "Lifestyle
The Bank recognises the importance of engagement Connected," supporting the evolving digital and
with the public and aims to raise its profile and share aspirational lifestyle needs of customers.
pertinent information on its activities. These objectives • 15 August 2024
are achieved through media activities in the form of UOB Study: Over 9 in 10 Business in Indonesia are
distribution of press news documents, press conferences, Optimistic Despite Global Challenges
media gathering, and one-on-one interviews. • 7 August 2024
UOB Indonesia launches Zenith Card to offer
In 2024, the news releases covered the Bank’s new exclusive travel experiences for the growing high-
products and services, corporate social responsibility net-worth individuals
programmes and the outlook of the Indonesian economy. • 17 May 2024
UOB Indonesia Refreshes It’s Lady’s Card to Continue
The following is a list of news releases in 2024: Empowering Modern Women to Pursue Experiences
They Love
• 9 December 2024 • 7 May 2024
UOB ASEAN Consumer Sentiment Study 2024 - UOB Indonesia launches 14th UOB Painting of the
Indonesian Consumers Show Strong Financial Year competition with multi-sensory, art-inspired
Literacy and Planning culinary experience
• 3 December 2024 • 8 March 2024
UOB Indonesia Enhances PRIVIMiles Card, Offering UOB Indonesia and Garuda Indonesia launch co-
Accelerated Miles for Popular ASEAN Travel branded card, elevating travel experiences and
• 2 December 2024 rewards for customers
UOB Indonesia Launches First Ever Savings Weeks
Programme to Help Build Customers’ Savings and There coverage was published in Indonesia’s main
Secure Their Financial Future media, such as Kompas, Bisnis Indonesia, Media
• 17 October 2024 Indonesia, Metrotvnews.com, Koran Kontan, Jawa Pos,
Artwork Portraying Fragmented Picture of Idealism Antara, Detik.com, InfoBank.com, Koran Sindo, and
Wins The 2024 UOB Painting of the Year (Indonesia) Okezone.com.
• 28 September 2024
UOB Indonesia raises IDR350 million through 2024
UOB Heartbeat Run/Walk to support hearing-
impaired students
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Good Corporate Governance
The Implementation of Compliance, Internal Audit,
and External Audit Functions
A. Compliance Function h. Provides advice and updates on
1. The Role of Compliance Function developments related to applicable
The implementation of Bank’s Compliance regulations and other provisions to
Function refers to OJK Regulation No. 46/ business/support units, and the Board of
POJK.03/2017 and the Bank’s Compliance Directors and Senior Executive Officers;
Charter. i. Facilitates business/support units in the
development of compliance manuals
Following are the roles and responsibilities of and guidelines containing the applicable
the Compliance Function: regulations, other provisions and key
a. Takes steps to support the creation of business conduct for use by all officers and
compliance culture in all business activities staffs of the Bank, where applicable;
of the Bank at every level of organisation; j. Identifies and maintains an inventory of
b. Conducts the identification, measurement, all applicable regulations and legislations
monitoring, and control of compliance risk with the support of internal/external legal
with reference to the regulation concerning counsel when necessary;
the Implementation of Risk Management k. Assists the Board of Directors and Senior
for Commercial Banks; Executive Officers in educating relevant
c. Assesses and evaluates strictly, in employees on compliance related issues;
collaboration with the business/support l. Provides advice, guidance and continual
units, the effectiveness, adequacy, and training to employees on the appropriate
appropriateness of policies, provisions, implementation of the compliance
systems and procedures that are owned by framework which includes policies,
the Bank with prevailing regulations; guidelines and procedures such as those
d. Conducts reviews and/or provides contained in the Bank’s Compliance
recommendation on updates and Guidance, internal code of conduct and
refinement of policies, regulations, systems Bank’s internal guidelines;
and procedures of the Bank to comply with m. Advises business/support units in the
the applicable regulations and legislation; Bank and/or Board of Directors and
e. Makes efforts to ensure that the policies, Senior Executive Officers on Regulatory
provisions, systems and procedures, as Obligations (RO) that are listed in the Bank’s
well as the Bank’s business activities are in regulatory risk assessments. This includes
compliance with the applicable regulations the provision of advice on the implications
and legislations; of regulatory changes;
f. Fulfils the role of an anti-money laundering n. Monitors, tests and reports on compliance
function by ensuring the entire monitoring implementation according to compliance
systems of transactions conducted by risk management framework and internal
customers are in line with prevailing policies or procedures to Senior Executive
guidelines, policies and procedures Officers and Board of Commissioners/
that have been stipulated so that the Board of Directors, and if required, to
implementation of the Anti-Money any regulatory authority. However, the
Laundering, Countering the Financing of responsibility for ensuring day-to-day
Terrorism, Proliferation of Weapons of Mass compliance remains within each respective
Destruction, and Sanctions (AML, CFT, business/support units;
CPF, and Sanctions) programmes are able o. Makes enquiries into regulatory compliance
to run well and to prevent the Bank from incidents and complaints, and carries
regulatory sanctions; out further investigations as deemed
g. Identifies, assesses and documents appropriate;
compliance risks associated with business
activities of the Bank including new
products, services, business practices and
material changes to existing business and
customer relationships, etc;
216 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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p. Acts as the key liaison body with relevant d. Providing opinions on Compliance.
internal and external parties, including e. Monitoring and reporting on follow-up
regulators, regarding the Bank’s compliance actions to Regulator’s Audit Inspection
issues; and Results.
q. Fulfils its responsibilities under the f. Disseminating regulatory provisions
compliance plans developed in accordance and provide information on compliance
with its compliance risk management related matters, either through face-to-
framework including performing compliance face socialisation activities or through
reviews on a risk-based approach. Compliance News, email distribution, and
providing information on matters related to
2. Actions to Prevent Breaches to Prevailing regulatory compliance.
Regulations g. Evaluating the Marketing Material and
Through the Compliance Function, the Director Checklist.
of Compliance, Legal, and Corporate Secretary h. Monitoring the follow-up of Risk Based
oversees the Bank’s compliance by monitoring Bank Rating-Good Corporate Governance
and controlling business activities, ensuring (RBBR-GCG) improvement by RBBR-GCG
adherence to prevailing regulations, provisions, Working Group.
and legislation. i. Acting as liaison officer for compliance
related issues between the Bank and
This is demonstrated through various measures regulators or internal Bank units.
as follows:
a. Supporting the creation of a compliance 3. Corporate Governance Implementation
culture in all Bank business activities at The provisions related to the Implementation
all levels of the organisation through the of Good Corporate Governance for Commercial
establishment of: Banks refer to Financial Services Authority
• Compliance Organisational Structure; (OJK) Regulation No. 17 of 2023 dated 14
• Compliance Charter; September 2023 and OJK Circular Letter No.13/
• Compliance Guidance; SEOJK.03/2017 dated 17 March 2017.
• Compliance Standard Operational
Procedures; The Bank consistently ensures that the GCG
b. Identifying, measuring and monitoring principles of Ethical Conduct, Accountability,
Compliance Risk and implementing control Transparency, and Sustainability are
processes through: implemented in every business aspect and
• Compliance Review Procedure; and at all levels of the Bank. These GCG Principles
• Supervision of sanctions imposed by should be applied to at least 11 (eleven) GCG
regulators. Implementation Factors, and each factor’s
c. Establishing the Compliance Review and effectiveness should be measurable with
Testing Division to manage compliance risk respect to 3 (three) governance aspects as a
through the Compliance Review Programme, continuous process.
so that Bank can ensure conformity and
adequacy of policy, guidelines, systems The three governance aspects are:
and procedures of the Bank with prevailing a. Governance Structure, refers to the Bank’s
legislation through: governance structure and infrastructure,
• Reports of Compliance Review Results; which must be adequate to ensure that the
and outcome of the implementation of the GCG
• Regulatory Risk Assessment Reports. principles are able to meet the expectations
of the Bank’s stakeholders.
b. Governance Process, refers to the effective
implementation of the GCG principles,
supported by adequate governance
structure and infrastructure of the Bank in
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Good Corporate Governance
order to produce an outcome that meets Pursuant to OJK Regulation No. 30 of 2024
the expectations of the Bank’s stakeholders. regarding Financial Conglomerates and
c. Governance Outcome, refers to the result of Financial Holding Company, PT Bank UOB
the implementation of the GCG principles Indonesia as the Main Entity in the Financial
that meets the expectations of the Bank’s Conglomerates has established a Corporate
stakeholders with the support of adequate Charter. The Charter act as an agreement
governance structure and infrastructure of between Main Entity and Member Entities
the Bank. within the UOB Financial Conglomerate to
ensure that the process of monitoring, reporting,
The implementation of the GCG principles communication and exchanging of information
is evaluated periodically through GCG Self- in the context of implementing Integrated
Assessment and the result is submitted to Corporate Governance, Integrated Risk
Regulator and the Bank’s Management as a Management and Integrated Capital Adequacy
part of the Bank’s Soundness Rating Report Requirement can perform efficiently.
(Risk-Based Bank Rating).
B. Internal Audit Function
The Compliance Unit has also reviewed and
updated the previous Compliance Charter which Implementation
acts as an umbrella policy in the implementation Pursuant to OJK Regulation No.1/POJK.03/2019
of Compliance Function within the Bank through dated 29 January 2019 on Implementation of
Board of Directors’ Decree No.24/SKDIR/0142 Internal Audit Function for Commercial Bank for
dated 20 December 2024. Commercial Bank, the Bank has implemented
internal audit function that aims to support the
Moreover, in line with the OJK Regulation on Bank’s management in carrying out their obligations
the implementation of Integrated Corporate by providing independent, objective assurance to
Governance for Financial Conglomerates evaluate the adequacy, quality and effectiveness of
as stipulated in OJK Regulation No.18/ governance, risk management, and internal controls.
POJK.03/2014 and OJK Circular No. 15/ In the Bank’s risk management framework, Internal
SEOJK.03/2015, the Compliance Unit has Audit serves as the third line and works closely with
established the following internal provisions: the first line (Business and Support units) and the
1. Integrated Compliance Charter for Entities second line (Compliance and Risk Management
in the Financial Conglomerates of UOB functions).
in Indonesia as the umbrella policy for
the implementation of the integrated Internal Audit has defined its vision and mission in
compliance function, as stipulated in Board Internal Audit Charter that also explained Internal
of Directors’ Decree No.24/SKDIR/0134 Audit scope of activity, purpose, ethics, authority
dated 11 December 2024. and accountability. To support its independent and
2. Integrated Corporate Governance Policy as objective role, Internal Audit has full and unrestricted
the principal guidelines for each entity in the access to any of the Bank’s premises, assets and
Financial Conglomerates in implementing documentation, and can directly communicate with
their duties and responsibilities as the Board of Commissioners or through the Audit
stipulated in Board of Directors’ Decree No. Committee. In performing its operational activities,
24/SKDIR/0129 dated 29 November 2024. Internal Audit is guided by Internal Audit Policy,
Procedures, and Methodology.
Internal Audit Function Structure
Internal Audit organisation structure is led by the
Head of Internal Audit who oversees divisions,
namely Wholesale Banking and Global Markets
Audit; Corporate Support Functions Audit; Consumer
Banking and Channels Audit; Technology Audit
and Innovation; and Professional Practices Audit.
218 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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the Head of Internal Audit reports directly to the Internal Audit Function Professional Qualification
President Director and functionally to Board of and Competency
Commissioners through Audit Committee. As of December 2024, Internal Audit Team had 46
staffs with various educational background. The
Head of Internal Audit staff members hold Bachelor’s degrees and Master's
Imbang Perdana Satryawan, 46 years old, an Degree mostly majoring in Economic, Management,
Indonesian citizen. He was appointed as Head Accounting, Information Technology, and etc.
of Internal Audit since January 2022 pursuant to
the appointment letter No. 22/SKDIR/0007 dated The majority of the Internal Audit staff also hold
27 January 2022. He has more than 21 years of internal audit professional qualification and
experience in financial industry. Prior to joining certification, including:
UOB Indonesia, he had worked in PT Bank BTPN
as Deputy of Internal Audit Head and in PT Bank 1. International Certification such as Certified
Sumitomo Mitsui Indonesia as Head of Internal Internal Auditor (CIA), Certified Information
Audit. He holds a Master of Business Administration Systems Auditor (CISA), Certified Public
from Institut Teknologi Bandung, a Bachelor’s Accountant (CPA), Qualified Internal Auditor
Degree in Accounting from Universitas Padjadjaran. (QIA), Chartered Accountant (CA), Certified
He also holds Certified Internal Auditor (CIA), Financial Crime Specialists (CFCS), Sertifikasi
Certified Financial Crime Specialists (CFCS), and Information Technology Infrastructure Library
Sustainability and Climate Risk (SCR). (ITIL), Certified in Cybersecurity (CC), Certified
Information Security Manager (CISM), Network
Duties and Responsibilities of Internal Audit Security Analyst (NSA), ISO 27001, and
Function Sustainability and Climate Risk (SCR).
Internal Audit is responsible for performing risk-
based audits covering all aspects in the first line and 2. Local Certification such as Bank’s Internal
the second line including but not limited to structure, Auditor from LSPP and Risk Management
policy, framework, processes, system, products, Certification.
and documentation, to provide independent
assurance for the President Director, the Board
of Commissioners, and the Audit Committee on
the effectiveness of governance oversight, risk
management, and internal controls implementation
in the bank.
Internal Audit had applied a Risk-Based Approach
in projecting annual Internal Audit plan and
determining audit scope to prioritise areas with major
concerns. On a periodic basis, the Head of Internal
Audit meets with the Audit Committee, and discusses
significant audit issues, audit project progress, audit
issue status, and other significant matters. In order
to maintain its work quality to adhere with the audit
methodology and international standards for the
professional practice of internal auditing, a quality
assessment is conducted by Internal Audit Quality
Assurance Function and independent quality
assurance review by an external party once every 3
(three) years.
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Good Corporate Governance
Training of Internal Audit restrictions on periodic assignments of Internal
In 2024, IA has initiated various programmes to Audit personnel, and cooling-off periods for auditor
develop auditor professional competency in relevant and external parties. Latest update to Internal Audit
areas. The staff development programmes including Charter was conducted on 22 April 2022 and has
trainings and seminars for the following topics: been approved by President Director and the Board
of Commissioners by considering Audit Committee’s
1. Technology and Data Analytics: recommendation. Currently, Internal Audit is in the
• Cybersecurity and Information Security process of updating the Internal Audit Charter in
• Data Analytics, such as SQL and SAS connection with the enactment of the latest IIA
• Digital Transformation / Digital Era Global Internal Audit Standard (GIAS) which will be
• Artificial Intelligence effective on 9 January 2025.
2. Business and Operational:
• Personal Data Protection Disclosure of Internal Audit Practice in 2024
• Corporate Governance In 2024, Internal Audit has delivered its assigned
• Finance and Accounting roles and initiatives as follow:
• Sustainability and Environment a. Internal Audit has maintained its independence,
• Regulatory Reporting objectivity, and professional due care during
3. Audit and Risk Management: the course of audit plan implementation.
• Risk Modelling and Scoring b. Internal Audit has effectively completed 30 audit
• Audit Internal Certification Training projects under its annual strategic plan, covering
• Risk Management Certification Training Wholesale Banking and Global Markets,
4. Soft skill: Corporate Functions, Consumer Banking,
• Leadership Academy Branches, Digital Bank, Operations, IT and
• Work Life Balance Support functions. IA piloted the behaviourally-
• Emotional Intelligence informed (BI) audit approach in selected audits.
• Communication and Negotiation The BI audit methodology incorporates culture
5. Mandatory e-learning related to Compliance and concepts to assess behaviours and culture in
Sustainability audits. IA also conducted evaluation on twelve
whistle-blowing cases reported through the
Internal Audit Charter whistle-blowing hotline.
In reference to OJK Regulation No. 1/POJK.03/2019 c. Internal Audit continues to implement digital
on the Implementation of Internal Audit Function transformation plan through refined scripts and
in Commercial Banks and IPPF (International advanced Data Analytics (“DA”) to automate
Professional Practices Framework) Standard, Bank some audit process and build risk dashboards.
has established Internal Audit Charter No.22/ Use of DA automates the identification of
SKDIR/0027, which contains the mission and scope, control deficiencies for wider samples with
organisational structure and position, duties greater speed, hence assisting Internal Audit
and responsibilities, authorities, code of ethics to implement Continuous Auditing and perform
for internal audit, internal auditor requirements, regular Audit in more effective manner.
internal audit accountability, and prohibition Therefore, DA increases Internal Audit’s
of assignments and positions of Internal Audit ability to provide valuable insight to Country
personnel from the implementation of the Bank’s management and key stakeholders to assist in
operational activities. The Internal Audit Charter its risk management implementation.
also governs the criteria for use and coordination d. Internal Audit has established a monitoring
with external experts, internal audit requirements to process for audit issue resolution using a
maintain independence in carrying out consulting Governance, Risk, and Compliance (“GRC”)
services or other special tasks, responsibilities system. All Internal Audit findings have been
and accountabilities of the Head of Internal conveyed to relevant management and
Audit, Internal Audit’s obligation to comply with rectification actions are completed timely
the Professional Standards of Internal Auditing, and highlighted to the Board of Directors and
restrictions on the use of external party services, the Audit Committee through audit reports
220 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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and regular meetings. In 2024, Internal Audit C. The Implementation of External
attended monthly Board of Directors meetings
and highlighted significant audit issues as
Audit Function
With the approval of shareholders at the AGM
well as the progress of corrective actions every
and recommendation from the Audit Committee
quarter. In addition, Internal Audit held 5 (five)
through the Board of Commissioners, the Bank had
meetings with the Audit Committee in 2024 to
appointed a Public Accountant Firm registered with
discuss on the implementation of the internal
the OJK, namely Purwantono, Sungkoro & Surja,
audit function, including resources, audit
which has “BIG 4” qualifications and experience
processes and results, as well as Regulatory
in conducting audits of several major banks in
issues.
Indonesia. In addition, the legality of its appointment
e. Internal Audit reviewed and updated the
and agreement has complied with the applicable
Internal Audit procedures periodically to
regulation.
improve the efficiency and audit process.
Public Accountant Firm Purwantono, Sungkoro &
f. Professional Practices Audit function conducted
Surja has met specified targets and performed the
Quality Assurance on several sampled Internal
audit independently, and has also met the public
Audit projects, to ensure that audit processes
accountant professional standards and audit
are conducted according to the established
scope as specified in prevailing regulations and as
audit policy, procedure, and methodology.
stated in the Engagement Letter between the Public
It also ensures the working papers are
Accountant Firm and the Bank.
documented properly and supported with
sufficient supporting evidence.
Public Accountant Firm Purwantono, Sungkoro &
g. Internal Audit implemented the Competency
Surja, according to OJK Regulation No.9 Year 2023
Framework for Internal Audit staff to identify
on Use of Public Accountant and Public Accountant
skill gaps within audit team and will continue
Firm in Financial Services Activities, has engaged
to focus on training programme in areas of IT
in communication with OJK to request information
and Digitalisation skill, Data Analytics, Audit
on the condition of the Bank, as well as provide
techniques skill, leadership skill, and other
information on the audit process from beginning to
relevant soft skill.
end.
h. Internal Audit has initiated the Internal Audit
Development Programme aimed to help new
graduates build a board spectrum of auditing
skills through rotations in different audit
divisions and to help IA identify and nurture
talent within the function.
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 221
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Good Corporate Governance
The Implementation of Risk Management Including
Internal Control System
For further details about the implementation of risk management including the internal control system, please see
pages 242-243.
With regards to the Statement of the Board of Directors and/or Board of Commisionners regarding Adequacy of Internal
Control System, please refer to the section on the internal Control System on page 243 and the Statement of the Board of
Directors and/or Board of Commisionners regarding Adequacy of Risk Management System please refer to section Risk
Management System Implementation on page 264.
Lending to Related Party and Large Exposure
The Bank has policies on and procedures for Legal Lending Limits and lending to related parties and large exposures as
part of its prudential principles.
The following are loans to related parties and large exposures as of 31 December 2024:
(in million Rupiah)
No. Lending Total
Debtor Nominal
1 Individual
(1) Related Party 147 2.311.829
(2) 20 (twenty) Borrowers other than Related Party 20 51.381.135
2 Core Debtors
a) Individual - -
b) Group *) 14 20.441.411
*) after implementing Credit Risk Mitigation Techniques
1. Individual Outstanding:
All Fund Provisions to Related Parties (whether taken into account or excluded in LLL calculations). Provision of
funds to 20 Group (twenty) Borrowers other than Related Parties who obtain the largest amount of Provision of
Funds without taking into account the percentage of the amount of Provision of Funds to Core Capital (tier 1) of
the Bank.
2. Large Exposure:
Provision of Funds of 10 percent (ten) or more of the Bank’s Core Capital (tier 1) to other than Related Parties,
before and after implementing Credit Risk Mitigation Techniques.
222 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Bank’s Strategic Plan
To enhance GCG and comply with regulatory provisions, 3. Develop a variety of solutions in the Treasury space
the Bank developed a Business Plan outlining its to answer increasing needs from the retail customers.
business activities over the short, medium, and long 4. Continuous development for Centre of Excellence for
term. This plan ensures that the Bank’s policies and Indonesian Rupiah.
strategic objectives are well-directed, prudent, and 5. Stabilisation of Citi Branch Consumer Banking into
aligned with sound banking principles. Retail Banking to accelerate business scalability.
6. Develop foundational capabilities to provide
The Business Plan took into consideration global excellent customer experience for different customer
and domestic economic development as well as the segments: Mass Market, Wealth Banking, and
Bank’s vision and values. The Bank further articulated Privilege Banking.
its strategic plan into long, medium, and short-term 7. Development of products and services suites around
plans with the overall aspiration to achieve sustainable key focus demographic of Upwardly Mobile, Young
growth. Demographic.
8. Constant refinement of risk frameworks, policies,
The Bank has defined its long-term focus strategy, as guidelines, and procedures aligned with the evolving
follows: industry landscape, and regularly communicating
them to cultivate strong risk awareness culture
1. Personalisation across functions.
Solutions that are personalised to every retail 9. Strengthen the Bank’s balance sheet and capital
segments, an application that is build around our management through various corporate actions.
customers and advisory centered on all that matters 10. Remain on the course towards ESG values through
to them. promotion of sustainable financing and other
2. Connectivity corporate practices.
Comprehensive network for doing business with, 11. Explore various potential opportunities for
and within, ASEAN. Turn to the One Bank for ASEAN, commercial partnerships for synergy.
and access growth opportunities in the region, and 12. Develop People Engagement strategy to shape the
beyond. right behavior and instill a sense of pride in being a
3. Sustainability part of UOB.
Supporting sustainable business to support 13. Develop future-ready talents through cross-learning
Indonesia Government's goal to reach Net Zero and knowledge transfer, leveraging UOB’s regional
by 2060 through development and offering of footprint.
sustainability product which includes but is not 14. Revitalise brand positioning in the National and
limited to Circular Economy, Green and Sustainable Regional space, followed by comprehensive
Trade Finance, Transition Finance and Smart City. improvement in customer value propositions across
the Bank.
The Bank’s Long-Term Plan will be focusing on
development and refinement of its key competitive
advantages in the region, as follows:
1. Continuous development of Key Cash, Trade Finance,
and Treasuries Capabilities to improve the quality of
revenue by delivering institutional customers’ needs.
2. Develop deeper understanding of the intricacies
of the financial supply chain within each unique
industry ecosystem to provide the best solutions and
services for customers.
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 223
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Good Corporate Governance
Shareholders Aspect
The Bank already has a dividend policy as stipulated in the Bank’s Articles of Association and internal Circular Letter.
The summary of Bank’s Articles of Association also available on the Bank’s website accessible by public.
Transparency of Bank’s Financial and Non Financial Condition
Not Yet Disclosed in Other Reports
The Bank has fulfilled the principle of transparency in providing financial and non-financial information to the public
in a timely, complete, accurate, up to date, and comprehensive manner.
Share Ownership and Financial and Family Relationships
of Members of the Board of Commissioners and Board of
Directors with Fellow Members of the Board of Commissioners,
Board of Directors and/or the Controlling Shareholders of the
Bank
A. Shares Ownership of Board of Commissioners and Board of Directors
No. Name Position in PT Bank UOB Company Name (domestic & overseas) Ownership
Indonesia Percentage
per 31 Dec
2024 (%)
Board of Commissioners
1 Wee Ee Cheong President Commissioner C Y Wee & Company Pte Ltd 30.00
E.C. Wee Pte Ltd 98.00
Kheng Leong Company Pte Ltd 23.67
Phoebus Singapore Holdings Pte Ltd 27.67
Portfolio Nominees Ltd 26.01
Supreme Island Corporation 26.00
UIP Holdings Ltd 10.00
Wee Investments (Pte) Ltd 26.22
2 Chin Voon Fat Deputy President Commissioner NIL
3 Chan Kok Seong Commissioner NIL
4 Wayan Alit Independent Commissioner NIL
Antara
5 VJH Boentaran Independent Commissioner NIL
Lesmana
6 Johanes Susilo Independent Commissioner NIL
224 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
Page 227
No. Name Position in PT Bank UOB Company Name (domestic & overseas) Ownership
Indonesia Percentage
per 31 Dec
2024 (%)
Board of Directors
1 Hendra Gunawan President Director NIL
2 Teh Han Yi Finance & Corporate Services NIL
Director
3 Paul Rafiuly Technology & Operations NIL
Director
4 Harapman Kasan Wholesale Banking Director NIL
5 Sonny Samuel Global Markets Director NIL
6 Ardhi Wibowo Compliance, Legal & Corporate NIL
Secretary Director
7 Henry Santoso Risk Management Director NIL
8 Cristina Teh Tan Consumer Banking Director NIL
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 225
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Good Corporate Governance
B. Financial and Family Relationships of Members of the Board of
Commissioners and Board of Directors with Fellow Members of the Board
of Commissioners, Board of Directors and/or the Controlling Shareholders
of the Bank
BoC and Family Relation With Financial Relation With Remarks
BOD BoC BoD Controlling BoC BoD Controlling
Shareholders Shareholders
Yes No Yes No Yes No Yes No Yes No Yes No
Wee Ee - - - - V - - - - - V - Deputy Chairman and
Cheong CEO United Overseas
Bank Limited, Singapore
Chin Voon - - - - - - - - - - V - Head of Group
Fat Wholesale and Markets
United Overseas Bank
Limited, Singapore
Chan Kok - - - - - - - - - - V - Group Chief Risk Officer
Seong United Overseas Bank
Limited, Singapore
Wayan Alit - - - - - - - - - - - - None
Antara
VJH - - - - - - - - - - - - None
Boentaran
Lesmana
Johanes - - - - - - - - - - - - None
Susilo
Hendra - - - - - - - - - - - - None
Gunawan
Teh Han Yi - - - - - - - - - - - - None
Paul - - - - - - - - - - - - None
Rafiuly
Harapman - - - - - - - - - - - - None
Kasan
Sonny - - - - - - - - - - - - None
Samuel
Ardhi - - - - - - - - - - - - None
Wibowo
Cristina - - - - - - - - - - - - None
Teh Tan
Henry - - - - - - - - - - - - None
Santoso
226 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
Page 229
Disclosure of Remuneration Policy
Remuneration Policy Remuneration Adjustment Associated with
The Bank’s Remuneration Policies and Structure Performance and Risk
(Remuneration Policy) were reviewed and approved by The Bank’s variable pay deferral applies to senior
the Board of Commissioners, as stated in the Board of employees and Material Risk Takers (MRTs). MRTs are
Directors’ Decree No.22/SKDIR/0043 dated 14 June presently comprised of employees with significant
2022. organisational responsibilities that have a material
impact on the Bank’s performance and risk profile,
The Remuneration Policy was devised by considering and employees with high-risk mandates in the form of
market competitiveness, supporting long-tern risk-weighted assets, trading limits and trading sales
sustainability and increasing productivity. budgets and employees who receive certain threshold
of Variable Remuneration. In 2024 Financial Year, 25
The design has embedded the Bank’s effort in cultivation MRTs were identified, comprising Board of Directors of
of an appropriate risk culture and providing flexibility to the Bank and some key positions that meet MRT criteria.
respond to dynamic business needs.
The objectives of the deferral policy are to:
Scope of Remuneration Policy • Align compensation payment schedules with the
The Remuneration Policy has taken effect and has time horizon of risks;
been implemented in every business unit and region in • Align the interests of employees with the long-term
Indonesia. interests of shareholders and the Bank;
• Retain employees of the Bank whose contributions
Determining the Variable Pay Pool are essential to the long-term growth and
The variable pay pool takes into account productivity profitability of the Bank; and
and Country’s performance which are based on financial • Deliver compensation in a manner that drives the
and non-financial metrics as well as key risks that could long-term performance of the Bank.
have material impact to the business activities, which are
aligned to OJK Regulation relating to the implementation Up to 40 per cent of variable pay is subject to deferral,
of risk management for commercial banks. There are with the proportion of deferral increasing with the
eight key risks – i.e., credit, market, liquidity, operational, amount of variable pay received. Deferral awards will
legal, reputational, strategic and compliance risk. vest over 3 (three) years.
Employees in control functions, currently comprising Vesting of deferred compensation is subject to malus
Risk Management, Audit, Credit and Compliance, are and clawback. Malus of unvested compensation and
compensated independently from the performance of clawback of paid compensation will be triggered by
any business lines or business units that they oversee or conduct constituting, causing or contributing to, inter
audit. This is to avoid any potential conflict of interest. alia:
• Material violation of risk limits;
Performance Measurement Associated with • Financial losses or adverse change in risk profile;
Remuneration • Material restatement of financial results; or
Business unit heads reward employees for their • Misconduct, malfeasance or fraud.
individual performance. Employees are assessed based
on employee’s performance objectives, competency Employees must refrain from using personal hedging
behaviors and behaviors with respect to the UOB strategies or compensation-and-liability-related
values. This balances the quantitative achievement insurance to protect against, and/or to compensate for:
of key performance indicators with the behaviors that • Any adjustments, reduction or loss in variable pay.
employees are expected to uphold in achieving their • The forfeiture of unvested and/or deferred variable
objectives. In general, employees who have exceeded pay awards.
performance expectations would be awarded relatively • Potential clawback of vested awards.
higher Total Compensation. Conversely, employees who
do not meet the performance expectations for the year External Consultant
may not receive variable pay. The overall performance To ensure market competitiveness, the Bank participates
rating and Total Compensation awards are also in compensation and benefit market survey facilitated
reviewed by HR Committee Panel. by an independent external consulting firm.
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 227
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Good Corporate Governance
Remuneration Package/Policy and Other Benefits for Board of
Commissioners and Board of Directors
A. Type of Remuneration and Other Benefits for Board of Commissioners and
Board of Directors
(in million Rupiah)
Type of Remuneration and Other Benefits Total Received in 1 (one) Year
Board of Commissioners Board of Directors
Person Total Person Total
Remuneration (salary, bonus, routine allowance, tantiem, 6 6,187 9 48,605
and other facilities in the form of cash)
Other benefits in kind (including housing, transportation, - - - -
and health insurance) which:
Can be owned - - - -
Cannot be owned - - 9 1,746
B. Description of Remuneration Package for Receiver Group
(in million Rupiah)
Total Remuneration Per Person Board of Board of Directors
In 1 (One) Year* Commissioners
AboveIDR2 Billion 2 9
Above IDR1 Billion up to IDR2 Billion 1 -
Above IDR500 million up to IDR1 Billion - -
Under IDR500 million 3 -
*) Received in Cash
C. Variable Remuneration
Aligned with the Remuneration Policy and Structure established, variable remuneration for the Board of
Commissioners and Board of Directors includes bonus in cash. Number of Directors, Commissioners and
employees who received variable remuneration in 1 (one) year and the total amount can be seen in the following
table.
(in million Rupiah)
Variable Remuneration Total Received in 1 (one) Year
Board of Commissioners Board of Directors Pegawai
Person Total Person Total Person Total
Total 3 1,800 8 47,305 3,129 279,005
D. Position and Number of Material Risk Takers
No. Position Number of Person
1 Board of Commissioners -
2 Board of Directors 8
3 Employees 17
228 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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E. Share Options
During 2024, PT Bank UOB Indonesia did not grant Share Options to Commissioners, Board of Directors or
Employees.
F. Highest and Lowest Salary Ratio
Description Ratio
2023 2024
Ratio of the highest and lowest salary of the employees 1 : 137 1 : 133
Ratio of the highest and lowest salary of the Board of Directors 1 : 1.57 1 : 1.53
Ratio of the highest and lowest salary of the Board of Commissioners 1:1 1:1
Ratio of the highest salary of the Board of Directors and highest salary of the 1 : 1.38 1 : 1.38
employee
G. Number of Recipient and Total Amount of Unconditional Variable
Remuneration Provided by the Bank to Candidates of the Board of
Directors, Candidates of the Board of Commissioners and/or Employee
Candidates for the first 1 (one) Year of Work
(in million Rupiah)
Unconditional Variable Total Received in 1 (one) Year
Remuneration Board of Commissioners Board of Directors Employee
Person Total Person Total Person Total
Total - - - - - -
H. Service Terminationed and Total Amount of Severance Paid
Total Severance Paid per Person in 1 (one) Year Number of Employee
Above IDR1 billion -
Between IDR500 million until IDR1 billion -
IDR500 million below -
Nil -
I. Total Amount of Deferred Variable Remuneration which Consist of Cash
(in million Rupiah)
Deferred Variable Remuneration Board of Commissioners Board of Directors Employee
Person Total Person Total Person Total
Total - - 8 18,922 17 12,828
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Good Corporate Governance
J. Number of Recipient and Total Variable Remuneration with Deferred
Payment for 1 (one) Year
(in million Rupiah)
Deferred Variable Remuneration Board of Commissioners Board of Directors Employee
Person Total Person Total Person Total
Total - - 8 14,659 14 12,268
K. Detail Amount of Remuneration Provided in 1 (one) Year
(in million Rupiah)
Fixed Remuneration*)
Cash 96,532
Shares/Shares-based Instruments Issued by the Bank -
Variable Remuneration*)
Not Deferred Deferred
Cash 48,295 31,750
Shares/Shares-based Instruments Issued by the Bank - -
*) Only for MRT in million Rupiah
L. Quantitative Information
Type of Variable Remuneration*) Remaining Total Deductions during Reporting Period
Deferred Amount Due to Explicit Due to Implicit Total
Adjustment (A) Adjustment (B) (A)+(B)
Cash 76,215 - - -
Shares/Shares-based Instruments Issued by - - - -
the Bank
*) Only for MRT in million Rupiah
230 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
Page 233
Number of Internal Fraud Cases and Bank’s Effort to Settle
the Cases
The number of internal fraud cases in 2024 with financial impact higher than IDR100,000,000 (one hundred million
Rupiah) is shown in the table below.
Internal Fraud within 1 (one) Total Cases Conducted By
Year
Board of Directors’ Permanent Employee Non Permanent Employee
Member & Board of and Outsourcing Staff
Commisioners’ Member
Previous Current Previous Current year Previous Current year
year (2023) year (2024) year (2023) (2024) year (2023) (2024)
Total number of fraud 0 0 0 1 0 0
Has been settled 0 0 0 1 0 0
In settlement process in 0 0 0 0 0 0
internal Bank
Settlement has not yet been 0 0 0 0 0 0
attempted
Has been followed up 0 0 0 1 0 0
through legal process
Number of Legal Cases and Bank’s Effort to Settle the Cases
The legal cases involving the Bank as at 31 December 2024 are detailed in the table below:
Legal Cases Number of cases
Civil Law Criminal
Bank UOB Indonesia as Bank UOB Indonesia Law
plaintiff as defendant
Settled (final and binding) 0 0 1
In settlement process 3 151 9
Total 3 151 10
Legal Cases Faced by the Board of Commissioners and Board
of Directors
During 2024 there were no important cases faced by the Bank involving members of the Board of Commissioners
and/or Board of Directors.
In addition, there were no legal cases with material impact to the Bank during 2024.
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 231
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Good Corporate Governance
Administrative Penalties
In 2024, there were no significant administrative penalties. Most of the penalties imposed were caused by
administrative errors. The Bank has followed up on improvement actions in reporting, as well as the risk mitigation
such as by conducting training and improving systems and controls.
Transactions Involving Conflict of Interest
In 2024, there were no transactions within the Bank that can be classified as conflict-of-interest transactions.
Bank’s Share and Bond Buybacks
In 2024, the Bank did not perform any share or bond buyback.
Donation for Social and Political Activities During the Period of
2024
The Bank believes in its ability to actively develop a better environment by participating in various activities to
develop the community. Below are the Bank’s community activities in 2024:
Category Type of Activity Description Total Fund (in
million Rupiah)
Social and UOB Heartbeat UOB Indonesia employees raised funds by clocking kilometers 350.00
Community Virtual Run/Walk through the UOB Heartbeat virtual run/walk programme and
Relations donated laptops, hearing aids and basic needs to 4 Special
Needs Schools (SLB) for deaf students orphanages in 5 cities.
Ramadhan To celebrate Idul Fitri 1445 H, UOB Indonesia held a series of 50.00
Activity Ramadhan events with employees such as takjil, Ramadhan
Celebration studies, going home together and halal bi halal as well as
donations to orphanage foundations.
Christmas UOB Indonesia celebrated Christmas with employees and 110.00
Celebration donated to orphanage foundation
Qurban Religious activity (Qurban) distributions to the local community 153.58
Financial BB Customer Business Banking Mid-Year Economic Outlook 2024 350.00
Literacy Engagement
UOB Internship Increased knowledge of internship participants on Banking 257.40
products.
UOB Economic Provision of professional information related to the latest 5,500.00
Outlook 2025 local and global economic situation and condition.
Transaction Increased knowledge of corporate customers on UOB Internet 0
Banking Banking features and the use of internet banking.
Experience
Center (TBEX)
Art Painting Discovered and supported new generations of artists 620.00
Competition through the 14th UOB Painting of the Year competition, while
connecting them to opportunities on the international art
stage.
Total Contribution 7,390.98
232 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Code of Conduct
Code of Conduct 3. Responsibilities to Franchise
The Code of Conduct is the basis of the Bank’s corporate Employees are prohibited from from influencing other
governance framework which reflects the Bank’s employees to leave the employment of the Bank or
commitment to act fairly, properly and abide by the law. draw customers away from the Bank (non-solicitation).
Management and employees, without exception, are
committed to continue and enhance the implementation The Bank prohibits insider trading, avoids involvement
of corporate governance practices that promote moral in transactions that contain conflict of interest and
and ethical principles appropriate to the Bank’s Code of prohibits any activities outside the Bank which directly
Conduct. or indirectly interfere with the performance of that
employee and/or Bank.
Coverage of Code of Conduct Besides, The Bank’s provisions prohibit any violation
Implementation of the prevailing anti-trust law and require employees
All parties including the Board of Commissioners, Board to comply with all prevailing laws and regulations.
of Directors, employees both working on a full-time and
part-time basis, temporary employees such as trainees 4. Responsibilities to Company Assets
and interns and, where relevant, third party independent Employees are obliged to cooperate with authorised
contractors, agents, agency staff, consultants, vendors external and internal investigators, to safeguard the
and suppliers of goods and services must understand, interests of the Bank in terms of intellectual property
comply with and implement the Code. rights and the use of information technology assets,
to ensure accurate records, to ensure proper records
Main Points of the Code of Conduct retention and ensure proper handling and disposal of
The Bank periodically reviews the Code of Conduct and records.
disseminates to all employees and management for
compliance. The Bank’s Code of Conduct is outlined in Every employee shall protect the privacy of customers
components as follow: as well as the confidentiality of customers’ data.
1. Responsibilities at the Workplace Dissemination of Enforcement and
The Bank is responsible for creating a conducive,
Sanctions of Code of Conduct
healthy and non-discriminatory working environment.
Socialisation for the Bank’s Code of Conduct starts from
The Bank also provides regular training to all
the time an employee joins the Bank, when he/she is
employees and assesses the effectiveness of training
required to read, understand and declare to indicate
activities regularly. Additionally, the Bank manages all
his/her compliance with the Bank’s Code of Conduct.
employees’ personal data according to the stipulated
To ensure that the employee reads, understood and
Law and guided by UOB Privacy Notice (Employee).
adhered to the provisions in the Bank’s Code of Conduct
on a continuous basis, the Bank requires each employee
2. Responsibilities to the Customers and Other
to undergo annual e-Learning and make a declaration
External Parties
of such refresher a platform created by HR. The Bank
The Code of Conduct contains provisions to act
also regularly update Code of Conduct which can be
independently, professionally, objectively, to treat
accessed through a platform provided by HR.
customers fairly, prohibits employees from accepting
any gift and entertainment where it may appear
As part of its enforcement actions, the Bank monitors
to others that business judgement has been
the transactions of employees’ accounts, monitors
compromised or conflicts with employees’ duty,
employees’ change of behavior and uses vendor services
prohibits employees from accepting a gift of cash
to screen candidates’ data and profiles and conducts
in connection with work, and requires employees
Financial Information Service System (SLIK) checks.
to exercise appropriate business judgement when
selecting third-party business associates or vendors.
Employees are expected to uphold the Bank’s Code
An employee may participate in political activities
of Conduct and apply its principles to their everyday
if he or she has obtained prior approval from his/
actions.
her respective Country Function Head and Human
Resources function.
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 233
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Good Corporate Governance
Corporate Culture
The Bank has a unique culture where employees, • Committed – We are committed to build a better
managers and leaders live our UOB values; Honourable, tomorrow. We are accountable for ensuring that
Enterprising, United, Committed and our People UOB is a trusted source of stability, security and
Philosophy; Care, Growth, and Trust; in our day to day in strength.
serving and delighting the Bank customers, in managing
and leading the team, in our decision making process, in These values are embedded together with Bank’s
meeting our promise and in our commitment to our key Purpose in Building Future of ASEAN and supported
stakeholders, regulators, community and employees. by UOB's people philosophy namely, Care, Growth and
Trust.
The values of the Bank are as follows:
• Honourable – We act prudently to fuel our The Bank empowers its employees to make positive
customers’ success. We maintain the highest and meaningful differences in the things they do
professional and moral standards. We do what is for stakeholders. The Bank is committed to foster
right for you through discipline, clarity, and courage. an organisational culture that is inclusive, prudent,
• Enterprising – We were built with an enterprising progressive, and high performing for employee to
spirit. We demonstrate this today through thought achieve their best.
leadership, keen insight and a forward-looking
mindset. The Bank’s values are aimed at encouraging employees
• United – We work as a team to achieve individual to continue to improve their standard of behavior
and corporate goals through cooperation, mutual and performance in serving its customers and is the
respect and loyalty. foundation for a robust risk culture.
Whistle-blowing
In line with the high commitment to implement GCG, Whistle-blowing reports can be submitted to Head
especially the principle of transparency which is carried of Internal Audit, President Director, or to the Audit
out in full responsibility by Board of Directors of the Committee Chairman through designated Whistle-
Bank, the management expects all the Bank’s employee blowing hotline channels e.g., email and telephone.
and external parties who cooperate with UOBI to take
an active role in implementing the Whistle-blowing B. Protection for Whistle-blower and
Policy by reporting any irregularities or wrongdoing
or violations of both internal and external regulations Reported Party
undertaken by any of the Bank’s staff in all the business • Safety: Employee members (including those
lines, including the Board of Directors as well as external who are asked to assist in the investigations)
parties, without hesitation and fear. are assured that they will be protected from
repercussions or victimisation as long as
The Bank takes preventive measures to combat practices they made the report in good faith. Employee
that are against GCG by acting upon the violations members who treat a whistle-blower unfairly
reported through whistle-blowing system. The system is will face disciplinary actions. On the other hand,
expected to increase the participation of all employees the Bank may take disciplinary actions against
and external parties to report violations. an employee member who makes a frivolous or
malicious report as a vendetta or for personal
gain.
A. Whistle-blowing Procedure
Whistle-blowing reports must be made with certainty • Confidentiality: While the whistle-blower
that what is reported is indeed true and the whistle- has the right to have his/her identity kept
blowers must be able to provide information and confidential, the Bank encourages him/her
evidence that can be traced and acted upon. to disclose his/her identities when raising a
concern or providing information. The identity
234 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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of the whistle-blower and the information If the Bank is faced with an exceptional circumstance
provided by the whistle-blower will be kept above and has disclosed the identity of the whistle-
strictly confidential. blower or any information that could reasonably be
expected to reveal his/her identity, the Bank shall make
Exceptional circumstances in which the identity or the every reasonable effort to inform the whistle-blower of
information provided by whistle-blower could not or the disclosure.
would not be treated as strictest confidentiality include:
The Bank takes preventive measures to combat
a) Where the Bank is under a legal obligation to
practices that are against good corporate governance
disclose information provided; by acting upon the violations reported through whistle-
b)
Where the information is already in the public blowing system. The system is expected to increase the
domain; participation of all employees and external parties to
c)
Where the information is given, on a strictly report violations.
confidential basis to unit Legal/ an appointed
external solicitor or an external auditor to obtain C. Result of Whistle-blowing
professional advice; and During 2024, there were 12 (twelve) whistle-blowing
d)
Where the information is given to the police for cases. All cases had been followed up. 9 (Nine) cases
criminal investigation. have been closed, while other 3 (three) cases are in
progress of investigation.
Implementation of Prevention of Corruption, Kickbacks, Fraud,
Bribery and/or Gratification
Legal Function, AML/CFT and Sanctions, Anti Bribery for the Bank’s employees, to which all Bank employees
and Corruption, Anti-Tax Evasion Division and Anti must sign and under which the Bank employees are
Financial Crime Investigation & Intelligence Division, prohibited from being involved in practices of fraud,
provides an assistance of advisory in compliance with bribery or corruption and the Bank also endeavours in
anti-corruption. In order to prevent corrupt practices, communication and trainings via E-Learning Mission
kickbacks, fraud, bribery and/or gratification within Compliance program and with regards to cooperation
the Bank, anti-corruption policies have been included with external third parties, it has been included in any
as a part of the Code of Conduct and Code of Ethics cooperation agreements by incorporating a clause on
as well as Integrity Pact and Anti Fraud Declaration compliance to anti-corruption laws.
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 235
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Good Corporate Governance
Internal Communications
The Bank utilises various internal communication • PFS News
channels to educate employees about the banking Information related to promotional activities carried
industry and provide updates on business activities, out by the Personal Financial Services (PFS) function
policies, and the Bank’s strategic plans. The internal on privilege banking, savings, time deposits, credit
communications network includes: cards, housing loans and other internal events held
• UOB Intranet Portal by PFS.
An online intranet portal containing important • TSB News
information to support Bank’s services and daily Information on activities conducted by Transaction
operations. Banking (TSB) Function.
• CEO’s Message • Customer Experience & Advocacy (CEA) News
Information about Bank’s strategic plan and Routine publication featuring information
achievement, also congratulatory messages on associated to customers’ service quality.
religious and cultural activities presented by the • IT News
President Director. Information related to policies relating to the
• E-Learning information and technology systems within the
Conducted as a refreshment of implementing Bank’s environment.
the Bank’s policy information in which all UOB • Risk Management
employees must participate in. The information Information on risk management policies in the
provided includes policies on Know Your Customer, Bank.
Anti-Money Laundering, IT Security Awareness, Fair • Posters
Dealing, Insider Trading and other policies relatedk Information related to the Bank’s policies, and
to banking operations. placed in staff’s offices, both at head office and
• Daily News branches.
Sent on a daily basis to all employees which • Screen Saver
containing news summaries associated to financial The latest information about programmes related
institution and UOB Indonesia coverage in various to the employees’ personal development is provided
printed and online media. in the form of a screen saver on the computers of
• HR News employees.
Sent to all employees which containing information • Weekly Update
on policies related to human resources in the Bank’s Summary of activites or information for one week.
environment.
Corporate Social Responsibility
UOB Indonesia is commited to helping customers
and appreciation of art through the UOB Painting the
manage their personal and business financial. Beyond
Year event, which has been running for more than 40
conducting business activities, the Bank is committed to
years in Asia and more than 10 years in Indonesia.
empowering the communities where we operate through
UOB’s contribution to the art stage encourages artists’
active participation in Corporate Social Responsibility
spirit and creative thinking not only in Indonesia but
(CSR) initiatives.
also in Southeast Asia, along with empowering the next
generation of talented Indonesian artists.
Our CSR programme under UOB Heartbeat focuses on
arts, children, and education and continues to impact
Our annual fundraising activity, the UOB Heartbeat Run/
society. For more than 10 years in Indonesia, we have
Walk, is held virtually with more than 2,500 colleagues
held various programmes that includes activities for
participating. Collectively we raised more than IDR250
the community ranging from education to children,
million in support of 4 Special Needs Schools for deaf
such as providing baic banking knowledge for children,
students in 4 regions and Rosa Foundation.
conducting financial literacy sessions for the community,
236 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Customer Protection
UOB Indonesia conducts its business in a responsible manner. We provide quality services to our customers and
ensure their financial needs are met.
The Bank has updated Customer Protection policy to support the implementation of Customer Protection within the
Bank by publishing SKDIR No. 24/SKDIR/0064 regarding Customer Protection Policy to address the updated policies
published by Financial Services Authority (OJK) and Bank Indonesia.
Our Customer Service and Contact Center always supports every need relating to customer transactions. To ensure
that the complaints and concerns of customers are well addressed, the Bank has implemented a policy for handling
complaints and settling disputes with customers. Bank procedures in receiving customer complaints in a branch office
or our business units and for the settlement of disputes are carried out in accordance with Indonesian laws and other
regulations in accordance with Circular No. 24/CAD/0001 regarding Customer Complaint Resolution Guidelines.
Customers who want to give feedback on the services of the Bank can fill out a form at our branches. In addition, the
Bank also provides information to customers about banking mediation through posters mounted on our branches
and website UOB Indonesia (www.uob.co.id). The Bank’s Contact Center is equipped with an automatic answering
machine and call center agent service for 24 hours. The Contact Center handles customer questions regarding credit
cards, savings and loans. We continually improve the quality of service, therefore the Bank regularly holds special
development programme for the agents to increase their knowledge and ensure the delivery of accurate information
to customers.
Table of Customer Complaint of 2024
No. Types of Financial Transaction Resolved*) In Progress*) Unresolved*) Number of
(Financial & Non-Financial) Total (%) Total (%) Total (%) Complaint
1 Current Account 5 83 1 17 0 0 6
2 Saving Account 9 100 0 0 0 0 9
3 Time Deposits 3 100 0 0 0 0 3
4 Credit/Working Capital Financing 6 100 0 0 0 0 6
5 Home/Apartment Ownership Credit/ 8 100 0 0 0 0 8
Financing
6 ATM/Debit Card 509 96.4 19 3.6 0 0 528
7 Credit Card 8,047 89.6 932 10.4 0 0 8,979
8 Direct Debit 3 100 0 0 0 0 3
9 Standing Instruction 0 NA 0 NA 0 NA 0
10 Electronic Banking 4,197 98.6 60 1.4 0 0 4,257
11 Mutual Fund 0 0 1 100 0 0 1
12 Bancassurance 0 0 1 100 0 0 1
13 Wealth Management 0 NA 0 NA 0 NA 0
14 Trade Finance 2 100 0 0 0 0 2
15 Derivative 2 100 0 0 0 0 2
Total 12,791 92.7 1,014 7.3 0 0 13,805
*) As of 31 December 2024
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Good Corporate Governance
General Conclusion of The Result of Self-Assessment of the
Implementation of Good Corporate Governance at PT Bank
UOB Indonesia
The Bank conducted a self-assessment of its Aspects of the Governance Process has run well,
implementation of GCG principles as of December 2024. which is reflected in:
• fulfillment of the duties and responsibilities of the
The Bank is rated by comparing its GCG implementation Board of Commissioners, Board of Directors and
against the minimum criteria set by the Financial Committees;
Services Authority (OJK). • the 3 lines mechanism which includes a risk taker
unit (business/support unit) as the first line, a Risk
The Management is fully aware that the Bank should Management Unit and a Compliance Unit as the
implement GCG to gain trust from customers as well as second line, and an Internal Audit Function Unit as
shareholders. the third line; and
• implementation of periodic inspections by the
The Bank believes that GCG should be achieved based Internal Audit and External Audit Units to ensure
on with high standards in order to support business (for the effectiveness of the implementation of all
business growth, profitability, and value-added for all policies, procedures and the Bank’s management
stakeholders) as well as to enhance its ability so that information system.
long-term business sustainability can be achieved.
In general, the Bank has achieved good results in
In the GCG Self-Assessment in the 2nd Half of 2024,
the Bank scored a composite rating of 2, which means 2024, particularly in the aspect of:
that the Bank has achieved generally ‘Good’ GCG • adequacy of report transparency;
implementation. This is reflected through the adequate • compliance with laws and regulations, including
fulfilment of GCG principles. continuous efforts to improve the Bank’s compliance
culture;
Below is the result of GCG Self-Assessment viewed from • consumer protection, including, among other
the aspect of governance structure, governance process things, the application of personal data protection
and governance outcome. principles;
• objectivity in performing assessment/audit;
The Bank has conducted a self-assessment of the • Bank performance (in earnings, efficiency, and
implementation of GCG principles for the period capital); and
of January to December 2024. In general, the GCG
principles have been applied to satisfy all assessment In terms of strategic plans, the Bank’s performance as at
factors and has included aspects of governance the end of 2024 is reflected in the following:
structure, governance process and governance outcome • Net Profit Before Tax (NPBT) of IDR566 billion;
adequately. • Lending of IDR100.6 trillion or 103.44 per cent of the
target;
The Bank’s organisational structure is made up of a • Funding of IDR116.7 trillion or 84.06 per cent from
Board of Commissioners, a Board of Directors and the target;
Committees, as well as work functions according to • Capital Adequacy Ratio (CAR) of 16.53 per cent,
the Bank’s needs and has complied with regulatory which is still above regulatory requirement; and
requirements. It is supported by a comprehensive set of • Core capital ratio against Risk Weighted Asset
policies and procedures, and management information (RWA) of 15.13 per cent.
system, as well as the provision of main duties and
functions.
238 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Based on the assessment results of the governance 2. The consistency of control implementation in
aspects, a few areas for enhancement have been accordance with risk management policies
identified as follows: and operational procedures needs to be
improved. Thus, socialisation of policies
1. Improvements are required in the Bank’s internal related to risk management also needs to be
control system, i.e., related to administrative continually carried out in line with business
sanctions imposed by regulators due to error strategy developments, changes in internal
in regulatory reporting, which was generally and external factors, and employee turnover
caused by human error and control function that occurs, so as to maintain consistency of
from supervisor that can be furtherly improved. implementation.
This is also in line with the results of the
Internal Audit inspection regarding reporting
obligations to the regulator.
As a form of improvement and efforts to
minimise regulatory penalties, the Bank has
taken the following steps:
• implementing risk-based KPI adjustments
for those who violate applicable laws and
regulations, including reporting errors
that result in the imposition of sanctions;
• carrying out continuous improvement
efforts through separate working groups,
each of which focuses on LBUT (Antasena)
and SLIK reporting; and
• conducting socialisation with related units
regarding changes to new regulations/
regulations issued by the Regulator
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Good Corporate Governance
Risk Management
In UOB Indonesia, managing risk is an integral part of business strategy. The
Bank’s risk management approach focuses on ensuring continued financial
soundness and safeguarding the interests of our stakeholders, while remaining
nimble to seize value creating business opportunities in a fast-changing
environment. The Bank continually strengthening risk management practices in
support of Bank’s strategic objectives. The Bank’s aims to have risk management
embedded as a culture to support sustainable, trustworthy and sound business
growth. Bank is committed to uphold high standards of corporate governance,
sound risk management principles and robust business practices to achieve
sustainable, long-term growth.
UOB Indonesia believes that a strong risk culture is vital and manage the material risks faced by the Bank. These
to the long-term sustainability of the Bank’s business. enable us to focus on the fundamentals of banking and
Specifically, risk culture refers to the norms, attitudes and create long-term value for all of our stakeholders.
behaviours related to risk awareness, risk-taking and risk
management, and controls that shape decisions on risks. Risk management is the responsibility of every employee
At UOB Indonesia, risk culture is based on corporate’s within the Bank. Risk awareness and accountability are
values. A strong risk culture ensures that decisions and embedded in Bank’s culture through an established
actions consider and are focused on stakeholders, and framework that ensures appropriate oversight and
that we are not distracted by unsustainable short-term accountability for the effective management of risk
gains. throughout the Bank and across risk types. This is
executed through an organisational control structure
The Bank’s risk culture is built on 4 (four) principles, according to ”Three Lines Model” as follows:
which are enforcing robust risk governance; balancing
growth with stability; ensuring accountability for all 1. First Line – The Risk Owner. The business and support
risk-based decisions and actions; and encouraging functions own and have the primary responsibility
awareness, engagement and consistent behavior in for implementing and executing effective controls
every employee. Each of these principles is based on for the management of risks arising from their
Bank’s distinctive set of values that guides every action business activities. This includes establishing
the Bank takes. In entrenching risk culture further, the adequate managerial and supervisory controls
Bank upholds its commitment to financial safety and to ensure compliance with approved risk policies,
soundness; fair outcomes and appropriate support for appetites, limits and controls and to highlight
Bank’s customers; sustainable and prudent business control breakdowns, inadequacy of processes and
approach and performance based on integrity, ethics unexpected risk events.
and discipline. 2. Second Line – Risk Oversight. The risk and control
oversight functions (Risk Management, Compliance,
Our risk culture is embedded in our risk management and Anti-Financial Crime Investigation and
strategy, so as to facilitate ongoing effective discovery, Intelligence) support Bank’s strategy of balancing
management and mitigation of risks arising from growth with stability by establishing risk frameworks,
external factors and our business activities, and to policies, appetites and limits within which the
use capital efficiently to address these risks. Risks are business functions must adhere to comply with
managed within levels established by Board of Directors in their operations. The risk and control oversight
and approved by the Board of Commissioners. We have functions are also responsible for the independent
put in place frameworks, policies, methodologies, tools review and monitoring of the Bank’s risk profile and
and processes that help us to identify, measure, monitor highlighting any significant vulnerabilities and risk
240 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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issues to the respective management committees. Risk Management policies and procedures in accordance
The independence of risk and control oversight with the business strategy of the Bank, and emphasises
functions from business functions ensures the that the risk management process should also involve
necessary checks and balances are in place. all relevant parties in the business lines. Hence, the
3. Third Line – Independent Audit. The Bank’s internal Bank seeks to build a strong Risk Management culture
auditors conduct risk-based audits covering all through the implementation of various risk awareness
aspects of the First and Second Lines to provide campaigns coordinated by Risk Management Function.
independent assurance to the President Director and
Board of Commissioners through Audit Committee Risk Management aims to improve the quality of
on the adequacy and effectiveness of our system of managing UOB Indonesia through two aspects, which are
risk management and internal controls. to maintain capital and optimise returns in accordance
with the risk appetite. Given the wide scale of operation
As governed in the regulatory provision, UOB Indonesia and increase of business volume, UOB Indonesia
established an independent Risk Management Function, continues to improve the quality of risk management in a
which reports to Risk Management Director. comprehensive and integrated manner (Enterprise-wide
Risk Management) through process of identification,
Risk Management Function, actively reviews the overall measurement, monitoring and controlling risk exposures
risk appetite and risk limits for each type of risk, develops across all organisational lines promptly and accurately.
Risk Management Chart
• Risk Monitoring Committee
Committee
• Audit Committee
Tier 1
Board of Commissioners
• Remuneration & Nomination Committee
• Integrated Corporate Governance Committee
• Executive Committee
• Credit Committee
• Credit Policy Committee
• Risk Management Committee
Board of Directors
Committee
- Anti Money Laundering Committee
Tier 2
- Business Continuity Management Committee
- Operational Risk Management Committee
• Asset & Liability Committee
• Information Technology Committee
• Human Resources Committee
• Integrated Risk Management Committee
Risk Control Functions Internal Audit*
Business Segments Supporting Functions
• Risk Management
• Compliance
First Line
Second Line • Anti - Financial Crime (AFC)
Third Line Investigation and Intelligence
*Direct report to President Director
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Good Corporate Governance
A. General Risk Management duties and responsibilities are documented in
the Terms of Reference of each committee.
Implementation
To support the Risk Management
UOB Indonesia implements Risk Management
implementation, the Board of Directors
framework which covered the implementation of
determines clear qualification criteria for
four pillars of Risk Management in accordance with
risk management personnel and ensures
OJK Regulation No. 18/POJK.03/2016 regarding Risk
sufficiency of competent staff through
Management Implementation for Commercial Banks
recruitment and various programmes including
which consists of:
continuous development and training,
1. Active supervision of the Board of Commissioners
succession planning and job rotations. These
and Directors;
ensure that officers and staff understand and
2. Adequacy of policies, procedures, and limits;
manage risks in accordance with the Risk
3. Risk Management processes and Risk
Management Framework.
Management information system; and
4. Internal control system.
A.2 Adequacy of Policy, Procedure, and
Limit
The brief explanations are as follows:
UOB Indonesia establishes various Risk
A.1 Active Supervision by Board of Management Frameworks, Policies and
Commissioners and Directors Procedures to identify measure, monitor and
control risks. The Risk Management Function
Board of Commissioners and Board of Directors
continues to develop and update these
are responsible to ensure the adequacy of
frameworks, policies, and procedures to align
Risk Management implementation aligned
with the changes in UOB Indonesia’s business
with the characteristics, complexity, and
activities and any regulatory requirements.
risk profile of the Bank, and to have a good
The Bank also establishes Code of Conduct to
understanding of the types and levels of risks
convey to employees the expected standards
inherent in the business activities of UOB
of professional and ethical behaviour, and the
Indonesia.
implications of poor conduct.
UOB Indonesia has several committees at
UOB Indonesia reviews the risk appetite
the Board of Commissioners level which
regularly in order to align with the changes
consist of the Risk Monitoring Committee, the
of internal and external conditions of the
Remuneration and Nomination Committee,
Bank, management expectations, as well
and the Audit Committee. In the process of
as the regulatory provisions. Risk limits have
supervision, the Risk Monitoring Committee
been in place for various risk types and in line
conducts regular meetings with the Risk
with the Bank’s risk appetite. All excess limits
Management Function to oversee the
and any significant changes are escalated to
implementation of the Risk Management
the related Directors and officers for further
Framework in UOB Indonesia.
action plans.
Meanwhile at the Board of Directors level,
UOB Indonesia has various committees such
as the Risk Management Committee (RMC),
the Asset and Liability Committee (ALCO), the
Credit Policy Committee (CPC), Operational
Risk Management Committee (ORMC), and
others. The duties and responsibilities of these
committees are to review the adequacy of the
Risk Management methodologies, policies,
procedures and authorisation of limits. These
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A.3 Risk Management Process and Risk A.4 Internal Control System
Management Information System
An effective internal control system is
UOB Indonesia implements Risk Management performed towards the implementation of
through 4 (four) stages which consist of: business and operational activities at all
1. Risk identification: conducted pro- organisation levels to support the process
actively, by analysing all sources of risk of Risk Management Implementation based
on the products and activities of the on the established policies and procedures
Bank, including ensuring the adequate which include:
process of identification and assessment 1. Conduct segregation of duties between
of the inherent risks on new products and operational units with risk control units;
activities prior to its launch; 2. Assign an independent Risk Management
2. Risk measurement: conducted in regular Function, which is responsible in
basis to measure overall and individual developing various Risk Management
risk factors and exposures on all products policies, limit, and develop risk
and business activities of Bank. Stress measurement methodologies, as well as
testing is conducted in regular basis to performing data/model validation;
the overall Bank’s portfolio to complement 3. Assign an independent Internal Audit
the risk measurement system through the Function, responsible in conducting
estimation of Bank’s potential loss under periodic audits, document audit findings
stress condition using certain scenarios and management responses of the audit
that may adversely affect the Bank’s result, and also reviewing the follow up of
exposure; audit findings; and
3. Risk monitoring: covers monitoring the 4. Review and monitor every transaction
level of risk exposure, risk tolerance, and functional activities that have
internal limit compliance, stress testing risk exposures as necessary, which is
result, and consistency between the performed by each unit.
implementation and the established
policies and procedures; and Statement of the Board of Directors and/
4. Risk controlling: conducted through or Board of Commisionners regarding
a framework of policies, processes, Adequacy of Internal Control System
and procedures which include the
determination of exposure and The Board of Directors and/or Board of
concentration limits, proper segregation Commisionners declared that Bank’s internal
of duties, control improvements, hedging control system is adequate and has been
mechanism and other risk mitigation effectively implemented in all material aspects
methods such as guarantees issuance, for financial year end of 31 December 2024 and
asset securitization, and credit derivatives, also adequate and effective to achieve Bank’s
as well as additional of capital of the business objective in complying with relevant
Bank to absorb potential losses. regulation without compromising financial
performance and reputation. The Board of
To support the overall Risk Management Directors and/or Board of Commisionners also
process, the Bank implements and develops confirmed that in the review throughout the
a robust Risk Management information year, any gaps in internal control system have
system in order to identify, measure, monitor, been corrected and managed appropriately.
and control risks. The Risk Management In addition, the Board of Directors and/
Function also provides various reports of UOB or Board of Commissioners reiterated their
Indonesia’s Risk Management implementation responsibility and commitment to continue
to the Board of Directors and Senior Executive maintaining and reviewing the adequacy,
Officers, as well as regulators. effectiveness and integrity of the Bank’s
internal control system.
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Good Corporate Governance
A.5 Integrated Risk Management B.1 Credit Risk
As stipulated in the OJK Regulation No. 17/ Credit Risk is defined as the risk of loss arising
POJK.03/2014 concerning the Implementation from any failure by a debtor or a counterparty
of Integrated Risk Management for Financial to meet its financial obligations when such
Conglomerate and OJK Regulation No. 30 Year obligations are due. It is the single largest risk
2024 concerning Financial Conglomerates that the Bank faces in its core business as a
and Financial Conglomerates Holding commercial bank, arising primarily from loans
Companies, the Bank performs integrated and other lending-related commitments to
risk based supervisory on UOB Financial retail, corporate and institutional borrowers.
Conglomerate. United Overseas Bank Limited Treasury and capital market operations, and
(UOB) has appointed the Bank as the Main investments also expose to counterparty and
Entity of the UOB Financial Conglomerates, issuer credit risks. UOB Indonesia adopt a
which consists of PT Bank UOB Indonesia, PT holistic approach towards assessing credit
UOB Asset Management Indonesia, and PT risk and ensures that managing credit risk is
UOB Kay Hian Sekuritas. Hence, in addition part of an integrated approach to enterprise
to the implementation of risk management risk management. A framework that clearly
for solely to the Bank, Bank shall also defines policies and processes relating to the
conduct an integrated risk management for identification, measurement and management
financial conglomerates. The integrated risk of credit risk is integral to the management of
management implementation covers the credit risk.
following:
1. Supervision of Board of Directors and The Bank continually monitors the operating
Commissioners of the Main Entity; environment to identify emerging risks and
2. Adequacy of Integrated Risk Management formulate appropriate mitigating measures.
Policies, Procedures and Establishment of
Limit; Credit Risk Management Governance
3. Adequacy of Integrated Risk Management Structure
Process and Integrated Risk Management Board of Commissioners, Directors and Senior
Information System; and Executive Officers are responsible to ensure
4. Internal Control System for Integrated Risk the following governance activities:
Management Implementation. 1. Ensure the adequacy of Risk Management
resources;
The Bank integratedly manages 9 (nine) type 2. Review the overall risk profile, limits and
of risks, which comprise of credit, market, tolerance;
liquidity, operational, legal, compliance, 3. Review and approve risk measurement
strategic, reputational, and intra-group models and approaches; and
transaction risks. The Bank’s integrated risk 4. Approve Bank’s credit policies, limits and
management does not include insurance risk methodologies.
because there is no insurance company within
the financial conglomerate.
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To support the above responsibilities related Key areas of the Bank’s credit policies and
to Credit Risk Management, UOB Indonesia process covers:
has several committees at Director Level such
as Credit Committee (CC) to give approval 1. Credit Assessment and Approval
decision for credit proposal and Credit Policy To maintain independency and integrity
Committee (CPC) to give approval for credit of the credit approval process, Credit
policies in UOB Indonesia and monitor any Function is clearly segregated from
credit issue related to policy implementation. Business functions. Approval of credit
facilities and exposures to borrowers
Credit Risk Management (CRM) Division and/or other counterparties is in
CRM Division develops various core policies accordance to the credit discretionary
and guidelines related to credit activities, and limits framework approved by the Board
responsible to report and conduct analysis of of Commissioners. UOB Indonesia has
all elements of credit risk and also monitors established a structure for the delegation
and manages credit risk within the established of Credit Discretionary Limits (CDL), which
framework. CRM Division actively engages with follows a stringent process that takes into
business and credit functions to manage credit consideration the experience, seniority
issues, which focus in facilitating the prudent and track record of the officer. Credit
business developments, consistently and in Risk Management Division acts as the
accordance with the Credit Risk Management custodian of the CDL structure to ensure
Framework. It aims to create added value for that the CDL’s are properly administered
the Bank through the implementation of credit and reviewed. All officers involved in
risk method and policies consistently. lending are guided by credit policies and
guidelines which are periodically reviewed
Credit Risk Management Policies & Process to ensure their continued relevance to the
The Bank has established policies and Bank’s business strategy and the business
processes to manage Credit Risk in the environment.
lending activities. In line with OJK regulation
regarding implementation of Sustainable
Financing, the Bank will also continue to 2. Counterparty Credit Risk
implement and enhance its Environmental, Unlike normal lending risk where the
Social, and Governance (ESG) policy for its notional amount at risk can be determined
lending activity. The Bank has in place a with a high degree of certainty during the
responsible financing policy which embedded contractual period, counterparty credit risk
in the General Credit policy, applies to lending exposure fluctuates with market variables.
activities for debtors in the Wholesale Banking Counterparty credit risk is measured as
segment, aimed at customers to conduct the sum of current mark-to-market value
their business practices in correlation with and an appropriate add-on factor for
maintaining the environment and supporting Potential Future Exposure (PFE). The PFE
long-term sustainable development. factor is an estimate of the maximum
credit exposure over the remaining life
of the foreign exchange (FX)/derivative
transaction and is used for limit-setting
and internal risk management.
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Good Corporate Governance
3. Credit Concentration Risk The Bank take Collateral whenever
Credit concentration risk may arise from possible to mitigate the credit risk
a single large exposure or from multiple assumed and the value of the collateral
exposures that are closely correlated. Bank is monitored periodically. The frequency
manage such risks by setting exposure of valuation depends on the type,
limits on obligor groups, portfolios, liquidity, and volatility of the collateral
borrowers, industries and countries, value. The main types of collateral
generally expressed as a percentage of taken by the Bank are cash, marketable
the Bank’s eligible capital base. Bank securities, real estate, and vehicles.
manage the credit risk exposures through Collateral and guarantor requirements
a robust credit underwriting, structuring are stipulated in credit policy.
and monitoring process.
Credit Risk Mitigation Techniques in
4. Credit Stress Test accordance with the OJK Guidelines
Credit stress-testing is a core component for calculating Risk Weighted Assets
of the Bank’s credit portfolio management (RWA) using the Standardised Approach
process. Bank conduct stress test to including Credit Risk Mitigation in the form
assess if the Bank’s capital can withstand of eligible financial collateral, guarantees
credit portfolio losses resulting from and credit insurance. Currently, the Bank
stress scenarios and their impact on only uses eligible financial collateral in
profitability, balance sheet quality, the calculation of RWA.
capital and leverage. Stress tests also
help the Bank to identify the vulnerability 6. Credit Risk Monitoring & Remedial
of various business units and would Management
enable the Bank to formulate appropriate Having a good and strong credit risk
mitigating measures. monitoring is very important to ensure
the Bank’s investments/loan portfolios
In 2024, Bank has conducted stress test are protected to meet and adhere
exercise to assess the capital adequacy to regulatory requirement. Bank has
resilience level and bank’s liquidity in established strong and robust loan
responding to changes and shocks in monitoring framework including Early
macroeconomic conditions. On restructure Detection, Watchlist guidelines, covenant
credit portfolio, Bank also continues to monitoring and periodic review.
conduct stress test/scenario analysis
on its impact to the Bank asset quality, 7. Delinquency Monitoring
liquidity and capital. The Bank conducts UOB Indonesia closely monitors the
stress tests exercises periodically as part delinquency of borrowing accounts, as
of the Bank’s risk management process. it is a key indicator of credit quality. An
account is considered delinquent when
5. Credit Risk Mitigation payment has not been received by the
Bank’s potential credit losses are payment due date. Any delinquent
mitigated through a variety of instrument account, including a revolving credit
such as collateral, derivatives and facility (such as an overdraft) with limit
guarantees and netting arrangements. excesses, is closely tracked and managed
As a basic principle of credit activity, the through a disciplined process by officers
Bank does not grant credit facilities solely from business units and the credit
based on the collateral provided. All and risk management function. Where
requests for credit facilities are assessed appropriate, such accounts are also
based on the credit standing, source of subject to more frequent credit reviews.
repayment and debt servicing ability of
the borrower.
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8. Classification and Loan Loss Impairment 10. Write off Policy
UOB Indonesia classifies its credit A non-performing account is written
portfolios according to borrower’s off when the prospect of a recovery is
ability to repay the credit facility from considered poor or when all feasible
their normal source of income. All avenues of recovery have been exhausted.
borrowing accounts are categorised
into Pass, Special Mention, or Non- 11. Credit Exposures under Basel
Performing (Substandard, Doubtful, or UOB Indonesia currently uses the
Loss) in accordance with the regulatory Standardised Approach to measure the
provisions. Account grading must be RWA for Credit Risk.
supported by a credit assessment
based on OJK’s 3 (three) pillars i.e., the In calculating the RWA for credit risk, the
repayment capability, business prospect, Bank refers to OJK Circular Letter No.
and debtor’s performance. 48/SEOJK.03/2017, OJK Circular Letter
No. 11/SEOJK.03/2018 and OJK Circular
Any account which is delinquent or past Letter No. 24 /SEOJK.03/2021 in applying
due (or in excess of the approval limit risk weights for each particular asset
for a revolving credit facility such as an classification or portfolio category.
overdraft) for more than 90 (ninety) days
will automatically be categorised as In the event there is a claim that requires
‘Non-Performing’. In addition, any account a rating, the Bank uses a rating agency
that exhibits weaknesses which are likely recognised by the regulator in accordance
to adversely affect repayment on existing with the provisions of the recognised
terms as supported by OJK 3 (three) rating agency as stipulated in OJK Circular
pillars analysis may also be categorised Letter No. 37/SEOJK.03/2016 concerning
as ‘Non-Performing’. “Rating and Ranking Agencies recognised
by OJK”.
The Bank provides for Loan Impairment in
accordance to the PSAK 71 requirements Disclosure of Net Receivables by Portfolio
where loans are categorised into 3 (three) Category and Rating can be seen in the
stages. Stage 1 represents the good loan, publication of the Bank’s annual report.
Stage 2 account representing the loan
with significant increase in credit risk and
Stage 3 representing the impaired or Non
Performing Loan.
9. Retail Credit Management, Business
Banking Credit Management and
Special Asset Management
Retail Credit Management, Business
Banking Credit Management and Special
Asset Management monitor weak credits
and manage non-performing assets in
Retail Banking and Wholesale Banking.
These units are separated from the loan
origination units to ensure independency
and objectivity in managing problematic
loan.
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B.2 Market Risk
Market Risk is the risk of loss arising from Market Risk Management
movements in market variables on the position The main responsibilities of Market Risk
held by UOB Indonesia which can result in Management and Product Control Division are
losses for the Bank. Market variables that to identify, measure, monitor and to mitigate
influence the position of the Bank are interest Market Risk, as well as to escalate any breach
rates and exchange rates, including changes of market risk limits and mandates.
in the price of the option.
Bank employs valuation methodologies that
Market Risk Management Governance are in line with sound market practices. In
Structure addition, the New Product process ensures
Market risk management is governed by that the market risk issues are identified,
Assets and Liabilities Committee (ALCO), measured and managed adequately prior to
which meets monthly to review and to provide launch.
direction on market risk matters.
The overall market risk appetite is balanced
ALCO is supported by Market Risk and Product with Bank’s targeted revenue and takes into
Control (MRPC) Unit. MRPC is an independent account the capital positions. This ensures
unit that is responsible to develop and that the Bank remain well-capitalised, even
maintain the market risk governance through under stress conditions. The risk appetite is
Market Risk Management Policy in order to translated into risk limits that are delegated to
support the business growth and ensure the business units. These risk limits are set based
adequacy of risk control and oversight. on expected returns that are commensurate
with the risks taken.
The roles and responsibilities on each level of
the position related to the implementation of For the purposes of internal monitoring and
Market Risk Management is determined and reporting, market risk on a portfolio basis is
tailored according to the purpose, business measured and controlled based on internal
policy, size and complexity of the Bank. These models. The Bank adopts the Expected
roles and responsibilities are governed in the Shortfall (ES) using historical simulation
Market Risk Management Policy. approach to measure the potential loss at a
97.5 per cent confidence level based on 250
Market Risk Management Policy days’ historical price changes. ES estimation
The Bank established Market Risk are back tested against profit and loss
Management policy as a guidance for Market of trading book (actual and hypothetical
Risk Management implementation. Market profit & loss) as a verification process of the
Risk Management Policy is reviewed at least accuracy & robustness of the methodology.
annually to conform with business strategy, The back testing process analyses whether
management directives and regulatory the exceptions are due to model deficiencies
requirements, approved by ALCO. or market volatility.
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To complement the ES measure, Bank performs The banking book interest rate risk exposure is
stress tests to identify the Bank’s vulnerability quantified on a monthly basis using simulation
to event risk. These tests serve to provide early techniques. UOB Indonesia employs a
warnings of plausible extreme losses. holistic approach towards Balance Sheet
Risk Management. Interest rate risk varies
Interest Rate Risk in the Banking Book with different repricing periods, currencies,
Interest Rate Risk in the Banking Book (IRRBB) embedded options and interest rate basis.
is defined as the risk of potential loss of capital Embedded options may be in the form of
or reduction in earnings due to changes in loan prepayment and time deposit early
interest rates environment. withdrawal. In Economic Value of Equity (EVE)
sensitivity simulations, the Bank computes the
Interest Rate Risk Management Governance present values for repricing cash flows, with
Structure the focus on changes in EVE under different
ALCO oversees the effectiveness of interest interest rate scenarios. This economic
rate risk management structure including perspective measures interest rate risks
approval of policies, controls and limits. across the full maturity profile of the balance
Balance Sheet Risk Management (BSRM) sheet, including off-balance sheet items.
Unit supports ALCO in monitoring the interest The Bank estimates the potential impact of
rate risk profile of the banking book. IRRBB is interest rate changes on Net Interest Income
mainly managed by shaping the desired risk (NII) by simulating the possible future course
exposure and tenor profile of the banking of interest rates over time.
book taking into consideration the overall
balance sheet position and market outlook. Interest rate scenarios used in simulations
Behavioral models used are independently include the 6 (six) stress scenarios prescribed
validated and governed by approved policies. by OJK. The Bank also performs imulation
The management and mitigation of IRRBB regularly to determine the impact of interest
through hedging are managed through ALCO- rate movement to Bank’s capital. Such tests
approved product mandates with specified are also performed to provide early warnings
currencies, tenors, and limits to ensure that of potential extreme losses, facilitating the
the risk management and hedging activities proactive management of interest rate risks
operate within an approved delegation of in an environment of rapid financial market
authority structure. changes.
Interest Rate Risk Management Framework Interest Rate Risk in Banking Book Policy
Our primary objective of managing IRRBB is to The Bank established Interest Rate Risk in
protect and to enhance capital or economic Banking Book Policy as a guidance for interest
net worth through adequate, stable and rate risk in banking book management
reliable growth in net interest earnings under a implementation. Interest Rate Risk in Banking
broad range of possible economic conditions. Book Policy is reviewed at least annually to
conform with business strategy, management
directives and regulatory requirements,
approved by ALCO.
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Good Corporate Governance
Market Risk Exposures under Basel Liquidity Risk Management Framework
The Bank currently applies the Standardised Liquidity Risk arises because of discrepancy
Approach under OJK Regulation to measure between the period of funding and
the RWA for Market Risk. Where calculation disbursement of loan on UOB Indonesia
incorporates all of the Bank’s market risk business activities.
exposures for on and off balance sheets,
including derivatives and risk of price change To mitigate the Liquidity Risk, the Bank
in option instruments, consolidated under established Liquidity Risk management policy,
interest rates risk (general and specific) and including the establishment of strategies and
foreign exchange risk. limits with appropriate risk level taken by the
Bank.
B.3 Liquidity Risk UOB Indonesia strategies focus on the
business development within the Liquidity
Liquidity Risk is defined as the risk arises from Risk framework which is performed prudently,
the Bank’s inability to meet its obligations, consistently and efficiently in order to balance
or to fund increases in assets as they fall the risk and returns.
due. The Bank mantains sufficient liquidity
to fun day-to-day operations, to meet The Bank’s liquidity risk is aligned with
deposit withdrawals and loan disbursements, the regulatory liquidity risk management
participate in new investments and repay framework and is measured and managed
borrowings. Hence, liquidity is managed in on a projected cash flow basis. The Bank
a manner that addresses known as well as is monitored under business-as-usual and
unanticipated cash funding needs. stress scenarios. Cash flow mismatch limits
are established to contain the Bank’s liquidity
Liquidity Risk Management Governance exposure. The Bank also employ liquidity
Structure early warning indicators and trigger points
ALCO assists the Board of Directors in to signal possible contingency situations.
managing the Bank’s Liquidity Risk. Liquidity In addition, the Bank also monitors the
Risk is consistently reported and discussed stability of its ‘core deposits’ which consist
in the ALCO meeting, which is conducted of non-bank stable deposits such as current
regularly, at minimum once a month. account, savings account, and fixed deposit
by analyzing their volatility overtime. Balance
In addition, the trend of liquidity position Sheet Risk Management Unit is responsible
is also presented in Risk Management to develop, enhance, implement, monitor, and
Committee (RMC) meeting and to the Board review, assumptions, methodologies, sources
of Commissioners through Risk Monitoring of data, delegation of authority, stress testing
Committee (ROC) meeting. Analysis and and procedures used to measure the Liquidity
control of Liquidity Risk is performed by Risk.
Balance Sheet Risk Management Unit,
responsible to monitor, measure, review, and Several strategic actions have been taken to
report the Bank’s Liquidity Risk and IRRBB. manage Liquidity Risk. On the funding side,
UOB Indonesia established the roles and the Bank conducts an in-depth evaluation
responsibilities on each level of position which of its funding capacity focusing on funding
is related to the implementation of Balance sources, concentration, tenor, and access to
Sheet Risk Management and tailored with the other funding sources in the market. On the
purpose, business policy, size and complexity asset side, UOB Indonesia conducts analysis
of Bank. These roles and responsibilities are of the type and composition of asset such as
governed in the Liquidity Risk Management loans, liquid asset and policies for financial
Policy. instrument that covers the acceptable criteria
for trading and investment assets. Updated
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information regarding financial market Liquidity Risk Management Policies
and economic condition are also critical in Liquidity Risk Management Policy is developed
order to understand the amount of funding by Balance Sheet Risk Management Unit
available from the market under normal and which provides details on how Liquidity Risk
stress conditions. Furthermore, new product/ is effectively managed by UOB Indonesia.
transaction/activities that have exposure to This policy aims to address the Liquidity
Liquidity Risk are adequately reviewed and Risks that might arise primarily from the
approved prior to its initiation. business activities of extending loans, making
investments, accepting deposits and other
The cash flow analysis of net funding funding requirements on trading activities.
requirement involves the preparation of cash This policy is reviewed at least annually to
flow mismatch based on actual contractual incorporate significant business changes,
maturity. Contractual cash flow profile management objectives and regulatory
allocates asset, liabilities, and off balance requirements approved by ALCO.
sheet items into time band by remaining
maturity. UOB Indonesia also produces cash Contingency Funding Plan
flow mismatch report based on behavior The Contingency Funding Plan (CFP) is a critical
assumption, related to behaviour analysis component of the liquidity management
of asset, liabilities, and off balance sheet, framework and serves as an extension of our
and provides potential cash flow projection operational or daily liquidity management
based on assumptions which derived from the policy. The CFP describes the actions that
behaviour patterns. From the behaviour cash should be taken by UOB Indonesia in the event
flow analysis, the expected Net Cumulative of a liquidity crisis, whether occurring in a bank-
Outflow (NCO) gaps that will be encountered specific or a general market. The CFP serves to
are obtained. identify and recognise a liquidity crisis, define
the appropriate management responsibilities
The daily and monthly cash flow mismatch and responses during a crisis, rectify areas of
reports are produced and monitored by concern and ensure that information flows
Balance Sheet Risk Management Unit by remain timely and uninterrupted to facilitate
comparing the daily report position against quick, precise and effective decision making.
NCO limit. Balance Sheet Risk Management The level of sophistication and detail of
Unit also ensures that the Bank is not exposed the plan would commensurate with the
by Liquidity Risk and provides report to senior complexity, risk exposure, activities, products
management for action that will be taken to and organisational structure of the Bank,
mitigate and manage the Liquidity Risk. in order to determine the most relevant
indicators for managing liquidity and funding.
UOB Indonesia performs calculation and In addition, UOB Indonesia also established a
monitoring of Liquidity Coverage Ratio (LCR) Liquidity Task Force (LTF) that is responsible to
and Net Stable Funding Ratio (NSFR). Both evaluate liquidity position and decide actions
ratios are above the regulatory requirement. to be taken when crisis occurs.
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B.4 Operational Risk
Operational Risk is defined as the risk of loss As part of promoting the risk culture, ORM
resulting from inadequate or failed internal Division facilitates trainings to the First Line
processes, people and systems or from in managing and exercising operational risk
external events. Operational risk includes programmes and promoting greater risk
banking operations risk, conduct risk, fraud ownership in managing risks.
risk*, legal risk, regulatory compliance risk,
reputational risk, technology risk and third- Internal Audit acts as Third Line by
party and outsourcing risk but excludes providing, through periodic audit reviews, an
strategic and business risk. Primary objective independent and objective assessment on the
of managing operational risk is to foster a overall effectiveness of the risk governance
sound reputation and operating environment. framework and controls.
Operational Risk Governance, Framework Risk Management Framework and Policies
and Programmes in managing operational risks include
Operational risk is managed through a Operational Risk Management Framework
framework of policies and procedures by and Policy, Technology Risk Management
which business and support units properly Framework and Policy, Third Party and
identify, assess, monitor, mitigate and report Outsourcing Risk Management Policy,
their risks. The Operational Risk Management Product/Service Programme Policy, Insurance
Committee meets minimum 10 (ten) meetings Management Policy, Reputational Risk
per year to provide oversight of operational Management Policy, and Business Continuity
risk matters across the Bank. Management Policy. Key components of the
Operational Risk Management Framework
The Operational Risk Governance structure are risk identification, key risk control self-
adopts the Three Lines Model. The business assessment and risk mitigation. These are
and support units, as the First Line, are achieved through Bankwide implementation
responsible for establishing a robust control of a set of operational risk programmes such
environment as part of their day-to-day as Key Risk and Control Self-Assessment
operations. Each business or support unit is (KRCSA), Key Operational Risk Indicator
responsible for implementing the operational (KORI), self-identified operational risks or
risk framework and policies, embedding Management Risk Awareness (MRA), incident
appropriate internal controls into processes reporting (IRF), third-party & outsourcing and
and maintaining business resilience for key product programme
activities. Bank had established Business
Risk and Control Manager (BRCM) in several Technology Risk
key units as a dedicated function that will Technology risk is defined as any potential
assist business and support units related to adverse outcome, damage, loss, violation,
operational risk management activities as the failure or disruption arising from the use of or
first line. reliance on information and communication
technologies. The governance of technology
The Operational Risk Management (ORM) risk rests with Operational Risk Management
Division, as the Second Line, provides Committee (ORMC), which facilitates a holistic
overarching governance of operational oversight of operational risk matters across
risks through relevant framework, policies, the Bank. Our technology risk management
procedures, programmes and system. It also framework ensures that technology and
monitors and reports significant operational cyber risks are managed in a systematic and
risk matters to the relevant senior management consistent manner. The scope of technology
committee and Board of Commissioners. risk management covers many aspects,
including technology asset management,
technology resiliency and the service continuity
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aspects of business continuity management, Fraud Risk Management
cybersecurity management and information UOB Indonesia defines fraud as:
security management. 1. An act, with an element to deceive or to
conceal facts, and is not restricted to the
Third Party/Outsourcing Risk gain of monetary or material benefits.
Third Party/Outsourcing Risk arises from 2. A deviating act or a purposeful neglect
transferring some activities to third party undertaken in order to deceive, cheat, or
service provider through third party/ manipulate the Bank, customer, or another
outsourcing arrangements, where third party party, that occurs inside the Bank and/or
provides product or service to Bank or Bank’s using the Bank’s facility so as to cause
customers. The risk could result in adverse the Bank, customer, or another party to
financial, operational, reputational, legal and suffer a loss and/or to cause the fraudster
compliance impact arising from the failure of to gain a benefit, both directly as well as
a third party to provide the agreed product or indirectly.
service. The Bank establishes robust principles,
requirements and governance in managing This definition is in accordance to OJK
third party/outsourcing risk through Third Regulation No.39/ POJK.03/2019 dated 19
Party/Outsourcing Risk Management Policy December 2019. The above definitions are
and Guidelines that sets out among others complementing one another. UOB Indonesia
identification and risk assessment during manages fraud risks actively. The corporate
initiation/planning, continuous monitoring governance of fraud risk is provided by
and risk mitigation of the implementation of the Risk Monitoring Committee at Board of
third party/outsourcing arrangement. Commissioners level, and primarily by the Risk
Management Committee at Management
Business Continuity Management level. Our Anti-Financial Crime Investigation
UOB Indonesia has established and and Intelligence Division, as the Second
maintained Business Continuity Management Line, drives strategy and governance and
(BCM) Policy and Guideline covering oversees the framework and policy of fraud
Business Impact Analysis (BIA), Operational risk management across the Bank.
Risk assessment, recovery for each type of
disruption, documentation of disaster recovery All employees are required to comply with
and contingency plan, and evaluation of BCM the UOB Code of Conduct, which has anti-
programme effectiveness. This is to ensure bribery and anti-corruption provisions.
prompt recovery of critical business and The Bank’s fraud hotline provides a safe
support units should there be unforeseen channel to report suspected fraud and
events. ensures independent fraud investigation by
established investigating unit. Anti-Financial
In order to support and improve BCM Crime Investigation and Intelligence works
readiness, several BCP exercises are conducted closely with business and support units to
on a regular basis including BCP Exercises, strengthen their current practices across the
Disaster Recovery Exercises for IT system and 6 (six) pillars of Anti-Fraud Strategy which are
Management Call Tree Exercises. prevention, detection, response, resolution,
remediation and reporting.
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B.5 Compliance Risk • In line with OJK Regulation No.
46/POJK.03/2017 concerning the
Compliance Risk as stipulated in OJK is the Implementation of Compliance Function
risk arising due to the Bank’s failure to comply for Commercial Banks, the Bank is
with and/or implement the applicable laws required to ensure the implementation
and regulations. of compliance function by creating
compliance culture on all levels of
For the Bank’s internal purposes, Compliance organisation and to ensure that all of the
Risk is defined as follows: Bank’s internal provisions and business
1. The risk of regulatory sanctions, activities are in compliance with the
financial loss, or damage to the Bank’s applicable laws and regulations.
reputation that may arise when the Bank
fails to comply with laws, regulations, Compliance Risk Management Governance
rules, standards or codes of conduct Structure
(established by industry associations) Stakeholders involved in managing
applicable to the Bank’s business Compliance Risk are as follows:
activities and operations;
2. The risk that a change in laws and 1. Board of Commissioners
regulations can increase the cost of b. Evaluate the implementation of the
operation and the cost of capital for Bank’s compliance function at least
the Bank thereby impacting the Bank’s twice a year;
earnings or returns. c. Based on the evaluation results of
compliance function implementation,
In addition, a key facet of Compliance Risk the Board of Commissioners are to
is Anti-Money Laundering (AML), Counter- provide advice in order to improve
Terrorist Financing (CFT), and Counter- the quality of compliance function
Proliferation Financing of Weapons of Mass implementation to President Director
Destruction (CPF) and Sanctions, which is and copied to Director in charge of
defined by the Bank as: Compliance Function.
• The risk of AML, CFT, CPF, and Sactions
regulatory breaches and violations of 2. Board of Directors
international sanctions that will damage a. Responsible for establishing
the Bank’s reputation as an established compliance risk management
organisation with strong and robust framework that contains the basic
AML, CFT, CPF and Sanctions regime. principles to be approved by
Additional risks include being cut off the Board of Commissioners and
from the Bank’s correspondent banking explains the main processes by which
relationship and the US clearing system compliance risks are to be identified
due to violations of unilateral sanctions and managed through all levels of
regulations impacts the Bank’s earnings the organisation;
and business opportunities; customers’ b. Approve the Compliance Charter as
confidence on UOB Indonesia Banking a basis for the Bank to implement
system where their funds are not co- compliance principles;
mingled with illegal sources of funds and c. Foster and embody the
regulators’ confidence on the integrity of implementation of the Compliance
the AML, CFT, CPF and Sanctions controls. Culture at all levels of the organisation
and the Bank’s business activities;
d. Ensure the implementation of Bank’s
compliance function; and
e. Responsible in overseeing the
management of the Bank’s
compliance risk.
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3. Senior Executive Officers 6. Director in charge of Compliance Function
a. Lead a strategic function at a. Formulates strategies to encourage
management level; the creation of the Bank’s compliance
b. Foster awareness of major aspects of culture;
Bank’s compliance risks that should b. Proposes compliance policies or
be explicitly managed; principles that will be set by the
c. Ensure that the Bank can rely on a Board of Directors;
permanent and effective compliance c. Establishes compliance systems
function that is sufficiently resourced and procedures that will be used to
to carry out its role; formulate Bank’s internal provisions
d. Ensure that appropriate remedial and guidelines;
or disciplinary action is taken if d. Ensures that all policies, provisions,
breaches are identified; and systems and procedures, as well as
e. Ensure that the Compliance Charter, business activities conducted by
Compliance Guidance and other the Bank are in compliance with the
relevant frameworks/policies and applicable regulatory requirements
guidelines/handbooks are observed. and other legislations;
e. Identifies, manages, and coordinates
4. Board of Directors’ Committees regulatory compliance isks and
The Committees are formed to assist provides oversight and functional
the President Director and Board of Compliance leadership to manage/
Directors in making business decisions minimise the Compliance Risk of the
while balancing risks and returns. The Bank;
Committees are responsible for reviewing f. Takes precautionary action to ensure
and recommending the Bank’s strategic that the policies and/or decisions
direction, approving compliance risk taken by the Board of Directors of
management policies, overseeing the the Bank do not deviate from the
overall risk profile and monitoring the applicable regulations and other
Bank’s overall performance in accordance legislations;
with their respective Terms of Reference. g. Submits reports to OJK, President
Director and Board of Directors on
5. Executive Officers the implementation of his/her duties
a. Ensure the implementation of the with a copy sent to the Board of
compliance culture in all activities Commissioners; and
of its respective functions and/or h. Carries out other duties that are
branches and/or units; related to Compliance Function,
b. Ensure that preventive actions and including to ensure that the Board
corrective actions are properly of Directors and Senior Executive
implemented within its respective Officers are informed of significant
functions and/or branches and/or compliance issues and plans for
units towards potential/occurred resolution.
breaches on the applicable
regulations and/or legislations. 7. Compliance Function
The Compliance Function is an
independent function that has the
following specific responsibilities:
a. Creates steps to support the creation
of compliance culture in all business
activities of the Bank at every level of
organisation;
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Good Corporate Governance
b. Conducts identification, Business and Support Units including
measurement, monitoring, and the Board of Directors and Senior
control of Compliance Risk with Executive Officers;
reference to the Regulator’s provision i. Facilitates Business and Support Units
concerning the implementation of in the development of compliance
Risk Management for Commercial manuals and guidelines containing
Banks; the applicable regulations, other
c. Assesses and evaluates strictly, in provisions and key business conduct
collaboration with the Business and for use by all officers and staffs of the
Support Units, the effectiveness, Bank, where applicable;
adequacy, and appropriateness of j. Identifies and maintains an inventory
policies, provisions, systems and of all applicable regulations and
procedures that are owned by the legislations with the support of
Bank with the applicable regulations; internal/external legal counsel when
d. Conducts reviews and/or provides necessary;
recommendation on updating and k. Assists the Board of Directors
refinement of policies, regulations, and Senior Executive Officers in
systems and procedures that are educating relevant staff members on
owned by the Bank to comply with compliance issues;
the applicable regulations and l. Provides advice, guidance and on-
legislations; going training to staff members on
e. Conducts efforts to ensure that the appropriate implementation of the
policies, provisions, systems and Bank’s compliance framework which
procedures, as well as the Bank’s include policies, guidelines and
business activities are in compliance procedures such as those contained
with the applicable regulations and in the Bank’s Compliance Guidance,
legislations; internal Code of Conduct and the
f. Fulfils the role of anti-money Bank’s internal guidelines;
laundering function by ensuring m. Advises the Business and Support
the implementation of the entire Units in the Bank and/or Board
monitoring system of transactions of Directors and Senior Executive
conducted by customers are in line Officers on Regulatory Obligations
with the guidelines, policies and (“RO”) that are listed in the Bank’s
procedures that have been stipulated regulatory risk assessments. This
so that the implementation of AML, includes the provision of advice
CFT, CPF and Sanctions Programmes on the implications of regulatory
are able to run well and to prevent changes;
the Bank from regulatory sanctions; n. Monitors, tests and reports
g. Identifies, assesses and documents compliance with relevant regulatory
compliance risks associated with compliance risk management
business activities of the Bank framework and internal policies/
including new products, services, procedures to Senior Executive
business practices and business Officers and Board of Commissioners/
operations and material changes Board of Directors and, if required, to
to existing business and customer any regulatory authority. However,
relationships; the responsibility for ensuring day-
h. Provides advice and informs to-day compliance remains with
developments related to applicable Business and Support Units;
regulations and other provisions to
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o. Makes enquiries into regulatory Internal Audit Function performs audits
compliance incidents and and provides the audit reports to President
complaints, and carrying out further Director, Board of Commissioners, Audit
investigations as appropriate; Committee and related Management with
p. Acts as the key liaison person with a copy to Director in charge of Compliance
relevant internal and external parties, Function and Risk Management Director.
including Regulators, regarding All correspondences with Regulator have
Bank’s compliance issues; and also been forwarded to Director in charge
q. Fulfils its responsibilities under the of Compliance Function.
compliance plans developed in
accordance with its compliance risk 10. Legal Function
management framework including Responsible to provide and facilitate the
performing compliance review on a provision of legal advice by referring to the
risk-based approach. applicable laws and regulations. Legal
Function is also responsible to provide
8. Risk Management Function legal policies, procedures, guidelines and
Risk Management, as stipulated in Risk standards credit documents related to
Management Framework, identifies, product or activities of the Bank.
assesses, measures, monitors, controls
and reports the risks of the Bank and 11. Line Managers and Staff Members
is responsible or developing and Line Managers and Staff Members are
implementing the risk management ultimately responsible and accountable
frameworks/infrastructure, strategy, for compliance risk, including ensuring
policies and processes to manage these that all business activities are in
risks. compliance with applicable regulations
and legislations and the Bank’s policies;
9. Internal Audit Function a. Line Managers and Staff Members
Internal Audit Function as the third are required to understand this
line is empowered by the Board of provisions and are responsible to
Commissioners and President Director ensure compliance with regulations
to assist Management by strengthening and legislations, which include:
the Bank’s ability to create, protect and • Organising and managing their
sustain value by providing independent, business and support units in
risk-based and objective assurance, proper and professional manner
advice, insight and foresight, designed in compliance with all applicable
to add value and improve the Bank’s laws and regulations, as well as
operations. Internal Audit helps the Bank the Bank’s policies;
accomplish its objectives by bringing a • Implementing compliance
disciplined, innovative, and systematic principles in their respective
approach to evaluate the adequacy and businesses and operational
improve the effectiveness of governance areas; and
processes, risk management, and internal • Promptly report all incidents of
controls. non-compliance, whether actual
and potential, to the Compliance
Function.
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Compliance Risk Management Framework Moreover, in the aspect of compliance
In order to strengthen internal control culture implementation, Compliance Function
system framework of the Bank, especially for has stipulated and educated through the
Compliance Function as the second line, the Compliance Code of Conduct as a basic
Bank established an organisational structure reference for all employees in implementing
under Compliance Function, into 6 (six) units values, actions, behaviours and actualisations
Regulatory Compliance – Wholesale, Market of compliance principles.
& Corporate Function Advisory; Regulatory
Compliance – Consumer Advisory; Compliance Compliance Function and Operational Risk
Strategy and Governance; AML, CFT, CPF & Management also perform monitoring and
Sanctions, Anti Bribery & Corruption & Anti- reporting of operational events related
Tax Evasion, Compliance Assurance and Anti- to Compliance Risk and Operational Risk
Financial Crime Investigation & Intelligence. respectively.
Strategies to implement the Bank’s compliance
function are through aspects of compliance Compliance Risk Management Policies and
function governance, compliance risk Guidelines
management, as well as the implementation One of the strategies for Compliance
of compliance culture. Risk Management is the establishment
of Compliance Charter and Compliance
The Bank’s compliance function framework on Guidance as two main policies and procedures
the compliance risk governance aspects are in managing Compliance Risk. Both policies
reflected in the Compliance organisational set out:
structure which is independent from the 1. Compliance Framework
business and other supporting units, where 2. Compliance Code of Conduct
the Director in charge of Compliance Function 3. Compliance Review Procedure
reports directly to the President Director. 4. Regulatory Risk Assessment (RRA)
This enables the Compliance Function to be 5. Monitoring of Bank’s commitment and
managed independently. follow-up on request from related
Regulator procedure
In the aspect of Compliance Risk Management, 6. Escalation and Reporting of Compliance
Compliance Function plays a role in providing Risk Incident Procedure
views/directions towards the fulfilment
and/or implementation of laws, policies, Compliance Charter and Compliance
regulations, standards or codes of conduct, Guidance are reviewed annually to ensure
monitoring compliance towards the fulfilment an adequate and timely compliance function
of the Bank’s commitments and completion of implementation in all level of the organisation,
corrective action plans arising from Regulatory and thus facilitate the Bank to better harmonise
Audit inspections and Bank’s Internal Audit between commercial interest and compliance
reviews, managing the imposition of penalty/ towards applicable regulations. For such
fines from regulatory breaches, performing policy and procedure to be implemented
Compliance Review and others. effectively, the most fundamental aspect that
must be in place is compliance culture, which
drives the value, behaviour and action that
supports the Bank’s compliance towards the
applicable laws and regulations.
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B.6 Strategic Risk plans, evaluating the progress from
predetermined Balance Score Card, as
Strategic Risk is defined as risk due to well as highlighting areas that requires
improper setting and/or implementation attention from the Management.
of a strategic decision that has impact on
Bank’s profitability, and failure to anticipate Strategic Risk Management Framework
any changes in business environment, such UOB Indonesia adheres to prudent principles
as changes in banking industry, turmoil in in all its business decisions so as to minimise
the national economy, and disruption in and mitigate any risks involved. In managing
technological field. Strategic Risk, the Bank constantly monitors
the environment in which it operates,
Strategic Risk Management Governance analyses the Bank’s performance in relation
Structure to its competitors, including analysis on
Related parties involved in managing Strategic all available strategic alternatives after
Risk are as follows: considering the strategic plans and risk
1. The Board of Commissioners and tolerance of the Bank, observing economic
Directors formulate and approve strategic dynamics that could have an impact on the
plans and business plans that have banking industry, as well as changes in the
been adjusted with the Bank’s vision business landscape driven by technological
and strategic objectives, direct, monitor developments, and takes corrective actions
and evaluate the implementation of to adjust its strategies and plans as
the Bank’s strategic policies, including appropriate. Implementation of strategic
communicating it to all employees across decisions and anticipation of changes in the
all levels of the organisation; business environment is carried out through
2. The Risk Management Committee a strategic risk management cycle with the
supports the Board of Directors in main elements in the form of the application
monitoring the Strategic Risk management of vision and mission; setting objectives and
implementation in the Bank, as well as strategic plans; target and business plan
providing information related to material setting; as well as implementation, monitoring
risk exposures, issues and action plans; and evaluation of performance.
3. Business and support functions monitor
and manage Strategic Risk in their The Bank sets a strategic plan based on
respective areas, and are responsible to a proper and realistic manner, as well as
ensure all material risks that arise from the considering the prudential principles and
business activities and implementation of risk management implementation. The
strategy are reported in timely manner to Bank’s strategic plans are prepared by the
the related Directors or Senior Executive Board of Directors, and upon approval of
Officers. Each work function is also the Board of Commissioners, communicated
responsible for ensuring that the target to all employees of the Bank on each level
of its respective work function can be of the organisation. Each Function Head is
achieved well and in line with the Bank’s responsible to ensure the alignment of the
overall target; annual work plans in their respective functions,
4. Risk Management Function, together with with the work plan established by the Board
Finance Division, conducts evaluation on of Directors.
the realisation of Bank’s Business Plan to
support the adequacy of the strategic risk On an ongoing basis, UOB Indonesia performs
management information system; and periodic reviews on the achievement of
5. CEO Office Function supports the financial targets and strategy realisation. The
management of strategic risk and is reviews and evaluation coverage is adjusted
responsible in translating the Bank’s based on the development of the Bank’s risk
strategy into operational plans, exposure, market changes, risk measurement
monitoring the execution of operational and management methods. The Board
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of Commissioners and Board of Directors B.7 Legal Risk
also conduct periodical review towards the
Bank’s achievement on financial targets Legal Risk are risks to the Bank’s financial
and its realisation through various forum position, operations or reputation, arising out
and meeting coordinations, such as Board of:
of Directors meeting. All functions are also 1. existence of lawsuits involving the Bank;
responsible for monitoring their respective 2. absence of supporting or developments
Strategic Risks and reporting promptly to in laws and regulations;
the related Directors and/or Senior Executive 3. weak contracts such as unenforceable/
Officers on any potential issues or problems unfavourable/ defective/unintended
that have strategic implications on the Bank. contracts; or
All results of the review and related reports 4. non-compliance with applicable laws.
serve as input in order to improve the overall
risk management framework and process. Legal Risk Management Governance
Structure
Strategic Risk Management Policies The parties involved in managing Legal Risk
An effective implementation of Strategic Risk are:
Management is supported with adequate 1. Board of Commissioners and Board of
policies and procedures, as well as risk Directors (through Risk Management
limits which are aligned with the Bank’s Committee and Risk Monitoring
vision, mission and business strategy. The Committee) are responsible for supervising
development of these policies and procedures and managing Legal Risk arising from the
is tailored with the type, complexity of Bank’s business activities;
business activity, risk profile and risk limit in 2. Risk Management Committee supports
accordance with regulations stipulated by the Board of Directors in monitoring
Regulators and/or sound banking practices. risk management in the Bank, providing
The implementation of these policies and information on material risk related to
procedures is also supported with the exposure, issues and action plans;
adequacy of capital and quality of human 3. Business and Support functions are
resources. responsible for monitoring and managing
Legal Risk and its impact in their respective
With regards to the implementation of areas; and
strategic risk management, internal control 4. Specialist area, such as Compliance,
system is applied effectively towards the Legal Function, Human Resources,
implementation of business activities and Technology and Operations, Corporate
operations across all levels of the organisation Real Estate Service, and Corporate
by referring to the established policies and Secretary are responsible for providing
procedures. The internal control system is also guidance related to their respective areas
carried out to ensure that the Bank can timely of expertise.
detect weaknesses and irregularities that
occur in the process of implementing strategic
management.
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Legal Risk Management Framework B.8 Reputational Risk
Risk measurement for Legal Risk is conducted
by using indicators such as potential losses Reputational Risk is the risk of adverse impact
due to litigation, cancellation of contracts on the Bank’s income, liquidity or capital
due to unenforceability and changes of arising from negative stakeholders’ perception
regulations. Every Legal Risk incident and its or opinion of the Bank’s business practices,
potential loss numbers must be documented activities and financial condition.
and reported.
Reputational Risk Management Governance
The Legal Function provides legal advice Structure
and guidance to all units of the Bank, as and Related parties involved in managing
when needed. This includes the oversight and Reputational Risk are as follows:
periodic review of: 1. Board of Commissioners and Board of
• all standard contracts/agreements; Directors are responsible for managing
• all standard loan agreements between the Bank’s Reputational Risk;
the Bank and other parties. 2. Risk Management Committee assists
the Board of Directors in the oversight
The Legal Function is also responsible for of the management of Reputational Risk
highlighting new or emerging Legal Risks. in the Bank, keeping them apprised of
the material risk exposures, issues and
Legal Risk Management Policies resolution plans;
The Bank has a Policy on Managing Legal Risk 3. Reputational Risk Management panel is
which governs the Legal Risk Management a sub-committee of the Risk Management
Governance Structure and sets out the Committee which is responsible to confirm
duties and responsibilities of each party in the impact of high reputational risk events,
implementing Legal Risk Management. determine the appropriate action plan,
appoint relevant task force and approve
Legal Function has established various the closure of the case;
guidelines related to Legal Risk Management, 4. Business and support functions are
such as Guidelines on Managing Intellectual responsible for monitoring and managing
Property Risk, Guidelines on Engagement the various types of risks that are deemed
of External Lawyers, and Guidelines on to potentially impact on the reputational
Managing Contractual Risk. risk;
5. Risk Management Function is responsible
for developing and maintaining Risk
Management policies and procedures,
including training and advising the
business and support functions
in managing their risks, including
reputational risk; and
6. Various functions responsible in advising
are Strategic Communications and Brand,
Customer Advocacy, Compliance, Legal,
Human Resources, Technology and
Operations and Corporate Secretary.
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Reputational Risk Management Framework Where the Reputational Risk event affects the
Risk identification and measurement for Bank’s ability to continue its business activities
Reputational Risk is conducted using and/or to obtain funding, the Bank will activate
information from various sources such as the Crisis Management Plan (CMP), Business
the mass media, social media, customer Continuity Plan (BCP), Disaster Recovery Plan
complaints (e.g. through contact centre) and (DRP) and/or Contingency Funding Plan (as
customer satisfaction survey. relevant).
Risk monitoring for Reputational Risk is Reputational Risk Management Policies
conducted on a regular basis in accordance with The Bank establishes a Reputational Risk
the Bank’s policies, procedures and guidelines, Management Policy that governs the
as well as the Bank’s past experiences. Reputational Risk Management Governance
Structure, methodology and toolkits for
Risk controlling for Reputational Risk is managing Reputational Risk, including
conducted through: its communication process, escalation
1. Prevention of events that can lead to process, establishment of Reputational Risk
Reputational Risk impacts, are among Management Panel, Reputational Risk issue
other through media training, daily owner and others.
media coverage and social media
monitoring, periodic communications
to various stakeholders to create a
positive reputation, and corporate social
responsibility programmes; and
2. Restoration of the Bank’s reputation after a
Reputational Risk event and the measures
in place to minimise any negative impact to
the reputation of the Bank.
Any incidents related to Reputational Risk,
including the amount of potential losses
resulting from those incidents shall be noted
and tracked for closure.
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C. Recovery Plan (RCP)
Bank has established a Recovery Plan (RCP) to The Bank has established governance for the
enable UOB Indonesia to recover from severely Recovery Plan, in which the Board of Directors plays
adverse conditions that could cause failure. The a role in overseeing the Recovery Plan and activating
Recovery Plan has been adjusted to the Bank’s it during the recovery period. This is supported
conditions and refer to OJK Regulation No. 5 Year by committees such as the Crisis Management
2024 regarding Determination of the Supervision Team (CMT) and the Task Force, along with other
Status and Problems Handling of Commercial Banks. supporting units. The framework and governance
of the recovery plan have been well-documented,
The Bank determines the Recovery Plan indicators including the steps for activating the Recovery
which include Capital, Liquidity, Profitability, and Plan and the internal and external communication
Asset Quality and sets the trigger levels of each of processes during the recovery phase. The Bank
these indicators to activate the Recovery Plan and has developed Crisis Level Matrix to provide the
implement recovery options for the purposes of escalation requirements for different severity
prevention, recovery, and resolution. levels of a crisis. It specifies the criteria on when
various Task Forces and UOBI RCP CMT need to be
The Bank has determined a recovery options to convened. UOBI has integrated its RCP governance
maintain its business continuity in the face of financial structure and process with the Bank’s existing
stress. These recovery options will be executed if governance structure. This is to ensure coherence
the recovery plan indicators are exceeded, however and linkages between the RCP, internal capital
some actions may also be taken preemptively before adequacy assessment process (ICAAP), the existing
the plan is activated as a preventive measure. contingency funding plan (CFP) and the business
The selected recovery options have been tailored continuity plan (BCP).
to the Bank’s specific conditions and have been
chosen based on the credibility and feasibility of The communication process for the Recovery Plan is
each options. Recovery options which previously aligned with Strategic Communications and Brand’s
determined will be executed by the Bank to respond crisis support plan established by the Bank, where
financial stress in order to prevent, recover, or restore Crisis Management Team (CMT) is responsible
its financial condition and viability. for both internal and external communication (as
stakeholders) during the recovery phase. In the
Bank conducts stress test scenario analysis to assess communication process, the CMT is tasked with
the impact of changes toward Bank conditions selecting communication strategies and managing
namely market-wide dan idiosyncratic stress test the flow of communication. As part of internal
where the analysis includes analysis of changes disclosure, Bank communicates the Recovery Plan
in the impact on capital, liquidity, profitability and disclosure to all work units and employees, especially
asset quality conditions. Stress tests conducted at those who will be involved in the implementation
least once a year or when certain conditions arise of the Recovery Plan. Bank conducts annual RCP
that can have a significant impact on the Bank to testing which is attended by the Board of Directors
determine the feasibility of the Recovery Plan and and senior management to prepare and familiarize
the results of the stress test are reported to the senior management and the support functions in
Board of Commissioners. responding to different emerging crisis scenarios in
an appropriate and timely manner.
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Revisions to the Recovery Plan are subject to annual E. Risk Management System
review and recommendation by Risk Management
Committee and approval by Board of Commissioners
Implementation
and General Meeting of Shareholders.
Risk management systems aim to conduct analysis of
current or future risks and/or potential risks faced by
UOBI has submitted the Recovery Plan for the first
the Bank and to determine mitigation measures for
time to OJK in 2024 in order to fulfil OJK Regulation
these risks. They enforce risk ownership and support
No. 5 Year 2024 regarding Determination of the
robust internal control. These systems are regularly
Supervision Status and Problems Handling of
evaluated in order to measure its effectiveness level.
Commercial Banks.
Through this evaluation, the Bank is expected to be
able to reanalyse whether these strategies are in
line with the established target. The Bank continually
D. Risk Based Bank Rating (RBBR) enhances its Risk Management systems to support
robust internal control. Among others the Bank
On a regular basis, UOB Indonesia conducts progressively improves its system for operational risk
assessment on the Risk Based Bank Rating and market risk management.
according to OJK Regulation No. 4/POJK.03/2016
and OJK Circular Letter No. 14/SEOJK.03/2017 Statement of the Board of Directors and/or Board
regarding the Assessment of Bank’s Soundness of Commisionners regarding Adequacy of Risk
Rating for Commercial Banks. The assessment of Management System
RBBR is conducted towards 4 (four) factors namely
Risk Profile, Good Corporate Governance (GCG), The Board of Directors and/or Board of
Earnings, and Capital. Commisionners declared that Bank’s risk
management system is adequate and has been
The self-assessment result of RBBR 2nd Half of 2024 effectively implemented in all material aspects for
was as follows: financial year end of 31 December 2024 and also
adequate and effective to achieve Bank’s business
No Assessment Factor Rating objective in complying with relevant regulation. The
Board of Directors and/or Board of Commisionners
1 Risk Profile 2
also confirmed that there is sustainable process in
2 Good Corporate Governance (GCG) 2 identifying, analyzing, evaluating, monitoring and
3 Earnings 2 managing the significant risks faced by the Bank,
and all risks are maintained within risk appetite
4 Capital 2
limit in the review throughout the year. Bank has
RBBR Rating 2 implemented Risk Management Framework and
Policy adequately and effectively and reviewed
Based on the self-assessment, UOB Indonesia every policy and procedure in regular basis. In
assessed its soundness rating in the 2nd Half of 2024 addition, the Board of Directors and/or Board of
at “2” or in a good condition, which means the Bank Commissioners reiterated their responsibility and
is able to encounter significant negative effects and commitment to continue maintaining and reviewing
changes in business conditions and other external the adequacy, effectiveness and integrity of the
factors reflected in assessment factors rating, Bank’s risk management system.
namely Risk Profile, GCG Implementation, Earnings
and Capital. The weaknesses identified in the
assessment factors do not significantly affect the
soundness rating of the Bank.
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F. Basel Implementation
In line with the implementation of regulatory
provision, the Bank adopts Standardised Approach
(SA) for redit Risk, Market Risk, and Operational Risk.
Furthermore, UOB Indonesia has also adopted a
Credit Valuation Adjustment (CVA) as Market Risk
capital charge for counterparty credit risk (CCR) for
OTC (Over-the-Counter) Derivatives transaction.
The Bank has reported a Liquidity Coverage Ratio
(LCR) in accordance to OJK regulation No. 42/
POJK.03/2015 on a monthly basis starting June
2016 to Regulator, and published in the Bank’s
website on a quarterly basis starting September
2016. Report and publication of Net Stable Funding
Ratio (NSFR) in accordance to OJK regulation No.
50/POJK.03/2017 has been conducted quarterly
starting March 2018.
UOB Indonesia also continues to improve the
implementation of Basel II Pillar 2 “Internal Capital
Adequacy Assessment Process” (ICAAP) to assess
the overall capital adequacy associated with risk
profile and strategy, to maintain the level of the
Bank’s capital. Further, Bank has also measured
Interest Rate Risk in Banking Book (IRRBB), referring
to OJK Regulation No. 12/SEOJK.03/2018.
Ongoing basis, the Bank improves the
implementation of Pillar 3 “Market Discipline” to
ensure the transparency of the Bank’s financial and
non-financial information.
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Risk Exposure Table
1. Key Matrics
(in IDR million)
No. Description 31 Dec 2024 30 Sep 2024 30 Jun 2024 31 Mar 2024 31 Dec 2023
Available Capital (amounts)
1 Common Equity Tier (CET 1) 16,000,044 16,413,116 15,757,173 15,800,220 15,639,914
2 Tier 1 16,000,044 16,413,116 15,757,173 15,800,220 15,639,914
3 Total Capital 17,491,372 17,944,809 17,228,654 17,268,956 17,117,971
Risk-Weighted Assets (amounts)
4 Total risk-weighted assets (RWA) 105,917,731 102,822,026 98,107,432 92,655,317 93,462,608
Risk-based capital ratios as a percentage of RWA
5 CET1 Ratio (%) 15.11% 15.96% 16.06% 17.05% 16.73%
6 Tier 1 Ratio (%) 15.11% 15.96% 16.06% 17.05% 16.73%
7 Total Capital Ratio (%) 16.51% 17.45% 17.56% 18.64% 18.32%
Additional CET 1 buffer requirements as a percentage of RWA
8 Capital conservation buffer (2.5% from 2.50% 2.50% 2.50% 2.50% 2.50%
RWA) (%)
9 Countercyclical Buffer (0 - 2.5% from 0.00% 0.00% 0.00% 0.00% 0.00%
RWA) (%)
10 Capital Surcharge from Systemic Bank (1% 1.00% 0.00% 0.00% 0.00% 0.00%
- 2.5%) (%)
11 Total CET1 as a buffer (Row 8 + Row 9 + 3.50% 2.50% 2.50% 2.50% 2.50%
Row 10)
12 CET1 component for buffer 7.51% 8.45% 8.56% 9.64% 9.32%
Basel III Leverage Ratio
13 Total Exposure 172,719,986 181,371,165 183,893,666 174,685,477 177,960,580
14 Leverage Ratio, including the impact of 9.26% 9.05% 8.57% 9.04% 8.77%
temporary exemption on current account
placement with Bank Indonesia in order to
fulfill GWM requirements (if any)
14b Leverage Ratio, excluding the impact of 9.26% 9.05% 8.57% 9.04% 8.77%
temporary exemption on current account
placement with Bank Indonesia in order to
fulfill GWM requirements (if any)
14c Leverage Ratio, including the impact of 8.92% 9.10% 7.92% 8.16% 7.54%
temporary exemption on current account
placement with Bank Indonesia in order
to fulfill GWM requirements (if any), after
incorporating average gross values of
Securities Financing Transaction (SFT)
assets
14d Leverage Ratio, excluding the impact of 8.92% 9.10% 7.92% 8.16% 7.54%
temporary exemption on current account
placement with Bank Indonesia in order
to fulfill GWM requirements (if any), after
incorporating average gross values of SFT
assets
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No. Description 31 Dec 2024 30 Sep 2024 30 Jun 2024 31 Mar 2024 31 Dec 2023
Liquidity Coverage Ratio (LCR)
15 Total High-Quality Liquid Assets (HQLA) 37,233,900 49,974,423 58,198,208 58,505,049 56,644,277
16 Total Net Cash Outflow 8,734,045 12,773,046 16,352,690 19,033,691 20,065,312
17 LCR (%) 426.31% 391.25% 355.89% 307.38% 282.30%
Net Stable Funding Ratio (NSFR)
18 Total Available Stable Funding (ASF) 85,169,516 90,630,878 92,869,598 91,151,890 89,581,268
19 Total Required Stable Funding (RSF) 73,912,071 74,467,125 71,521,593 69,198,116 68,098,529
20 NSFR (%) 115.23% 121.71% 129.85% 131.73% 131.55%
2. The difference between the Consolidated Coverage in accordance with
accounting standards and the prudential requirements (LI1)
a b c d e f g
Carrying Carrying Carrying values of each risk
values as values under
Subject to Subject to Subject Subject Not subject
reported in scope of
credit risk counterparty to the to the to capital
published regulatory
framework credit risk securitisation market risk requirements
financial consolidation
framework framework framework or subject to
statements
deduction
from capital
ASSETS
Cash 681,840 N/A 681,840
Placement with Bank 7,719,070 N/A 7,719,070
Indonesia
Placement with other 2,563,700 N/A 2,563,700
banks
Spot and derivative/ 2,063,117 N/A 5,355,083 2,063,117
forward receivables
Securities 29,022,391 N/A 26,715,399 2,317,038
Securities sold 5,753,464 N/A 5,753,464 177,410
under repurchase
agreement (repo)
Securities purchased 1,653,008 N/A 1,653,008 1,653,008
under resell
agreements (reserve
repo)
Acceptance 2,422,663 N/A 2,422,663
receivables
Loans and financing 100,411,809 N/A 100,411,809
Sharia financing - N/A
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a b c d e f g
Carrying Carrying Carrying values of each risk
values as values under
Subject to Subject to Subject Subject Not subject
reported in scope of
credit risk counterparty to the to the to capital
published regulatory
framework credit risk securitisation market risk requirements
financial consolidation
framework framework framework or subject to
statements
deduction
from capital
Equity investment 26 N/A 26
Other financial 1,156,879 N/A 1,143,475
assets
Impaiment on (3,985,964) N/A (3,437,958)
financial assets -/-
a. Securities (16,036) N/A -
b. Loans (3,959,553) N/A (3,433,247)
c. Others (10,375) N/A (4,711)
Intangible assets 1,133,973 N/A 1,133,973
Accumulated (37,333) N/A (37,333)
amortization on
intangible asset -/-
Fixed assets and 5,663,666 N/A 5,663,666
equipment
Accumulated (2,724,050) N/A (2,724,050)
depreciation on
fixed assets and
equipment -/-
Non Productive Asset 179,662 N/A 179,662
a. Abandoned 28,534 N/A 28,534
property
b. Foreclosed assets 149,034 N/A 149,034
c. Suspense accounts 2,094 N/A 2,094
d. Interbranch assets - N/A
Other Assets 2,463,861 N/A 1,012,588
TOTAL ASSETS 156,141,782 N/A 148,105,354 7,185,501 - 6,033,163 1,096,640
LIABILITIES
Current accounts 32,134,450 N/A
Saving accounts 35,075,904 N/A
Time Deposit 49,701,396 N/A
Electronic Money - N/A
Liabilities to Bank - N/A
Indonesia
Liabilities to other 5,801,861 N/A
banks
Spot and derivative/ 2,232,695 N/A
forward liabilities
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a b c d e f g
Carrying Carrying Carrying values of each risk
values as values under
Subject to Subject to Subject Subject Not subject
reported in scope of
credit risk counterparty to the to the to capital
published regulatory
framework credit risk securitisation market risk requirements
financial consolidation
framework framework framework or subject to
statements
deduction
from capital
Liabilities on 5,576,054 N/A
securities sold
under repurchase
agreement (repo)
Acceptance liabilities 2,306,951 N/A
Securities issued 1,041,910 N/A
Borrowings - N/A
Margin Deposit 268,006 N/A
Interbranch liabilities - N/A
Other liabilities 4,176,388 N/A
Minority Interest - N/A
TOTAL LIABILITIES 138,315,615 N/A - - - - -
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3. General - Differences between carrying value in accordance with
Indonesian Financial Accounting Standards with exposure value in
accordance with Financial Services Authority (LI2)
a b c d e
Total Item subject to :
Credit Risk Securitization Counterparty Market Risk
Framework Framework Credit Risk Framework
Framework
Asset carrying value amount under 161,324,018 148,105,354 - 7,185,501 6,033,163
scope of regulatory consolidation (as per
template LI1)
Liabilities carrying value amount under - - - - -
regulatory scope of consolidation (as per
template LI1)
Total net amount under regulatory scope 161,324,018 148,105,354 - 7,185,501 6,033,163
of consolidation
Administrative Account Value 93,284,018 14,166,633 - - -
Differences in Valuations - - - - -
Differences due to different netting rules, - - - - -
other than those already included in row 2
Exposure amounts considered for 254,608,036 162,271,987 - 7,185,501 6,033,163
regulatory purposes
Qualitative Analysis
There is a difference in the total recorded value of assets with the recorded value of each risk, because there are several
financial assets that are calculated for more than one risk, are there:
1. Spot and derivative/forward receivables and reverse repo receivables are recorded according to counterparty
credit risk and market risk
2. Repo securities recorded according to credit risk and counterparty credit risk
The calculation of each risk framework is calculated in accordance with OJK regulations, there are:
1. SEOJK No. 24 / SEOJK.03 / 2021 concerning Calculation of ATMR for Credit Risk using the Standard Approach for
Commercial Banks
2. SEOJK No. 48 / SEOJK.03 / 2017 concerning Guidelines for Calculating Net Derivative Transaction Receivables in
Calculating Risk-Weighted Assets for Credit Risk using the Standard Approach
3. SEOJK No. 23 / SEOJK.03 / 2012 concerning Calculation of Risk-Weighted Assets for Market Risk for Commercial Banks
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Capital
4. Capital - Capital Composition (CC1)
(in IDR million)
No Component Total
Common Equity Tier 1 capital : instrument and reserves
1 Directly issued qualifying common share (and equivalent for non-joint stock companies) 7,990,848
capital plus related stock surplus
2 Retained Earnings 9,967,733
3 Accumulated other comprehensive income (and other reserve) (87,689)
4 Directly issued capital subject to phase out from CET1 (only applicable to non-joint stock -
companies)
5 Common share capital issued by subsidiaries and held by third parties (amount allowed in -
group CET1)
6 Common Equity Tier 1 capital before regulatory adjustments 17,870,892
Common Equity Tier 1 capital : regulatory adjustments
7 Prudential valuation adjustments -
8 Goodwill (net of related tax liability) (813,973)
9 Other intangibes other than mortgage servicing rights (net of related tax liability) (282,667)
10 Deffered tas assets that rely on future profitability excluding those arising from temporary -
differences (net of releted tax liability)
11 Cash-flow hedge reserve -
12 Shortfall of provisions to expected losses -
13 Securitisation gain on sale (as set out in paragraph 562 of Basel II framework) -
14 Gains and losses due to changes in own credit risk on fair valued liabilities -
15 Defined - benefit pension fund net assets -
16 Investment in own shares (if not already netted off paid-in capital on reported balance sheet) -
17 Reciprocal cross-holdings in common equity -
18 Investments in the capital of Banking, financial and insurance entities that are outside the -
scope of regulatory consolidation, net of eligible short positions, where the Bank does not
own more than 10% of the issued share capital (amount above 10% threshold)
19 Significant investments in the common stock of Banking, financial and insurance entities that -
are outside the scope of regulatory consolidation, net of eligible short positions (amount
above 10% treshold)
20 Mortgage servicing rights (amount above 10% treshold) -
21 Deffered tax assets arising from temporary differences (amount above 10% treshold, net of -
related tax liability)
22 Amount exceeding the 15% treshold -
23 of which: significant investments in the common stock of financials -
24 of which: mortgage servicing rights -
25 of which : deffered tax assets arising from temporary differences -
26 National specific regulatory adjustments (774,208)
27 Regulatory adjustments applied to Common Equity Tier 1 due to insufficient additional Tier 1 -
and Tier 2 to cover deductions
28 Total regulatory adjustment to common equity Tier 1 (1,870,848)
29 Common Equity Tier 1 capital (CET1) 16,000,044
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No Component Total
Additional Tier 1 capital : instruments
30 Directly issued qualifying Additional Tier 1 instruments plus related stock surplus -
31 of which : classified as equity under applicable accounting standards -
32 of which : classified as liabilities under applicable accounting standards -
33 Directly issued capital instruments subject to phase out from Additional Tier 1 -
34 Additional Tier 1 instruments (and CET1 instruments not included in row 5) issued by -
subsidiaries and held by third parties (amount allowed in group AT1)
35 of which : instruments issued by subsidiaries subject to phase out -
36 Additional Tier 1 capital before regulatory adjusments -
Additional Tier 1 capital : regulatory adjustments
37 Investments in own Additional Tier 1 instruments -
38 Reciprocal cross-holdings in Additional Tier 1 instruments -
39 Investments in the capital of Banking, financial and insurance entities that are outside the -
scope of regulatory consolidation, net of eligible short positions, where the bank does not
own more than 10% of the issued common share capital of the entity (amount above 10%
treshold)
40 Significant investments in the capital of Banking, financial and insurance entities that are -
outside the scope of regulatory consolidation (net of eligible short positions)
41 National specific regulatory adjustments -
42 Regulatory adjustments applied to Additional Tier 1 due to insufficient Tier 2 to cover -
deductions
43 Total regulatory adjustment to Additional Tier 1 capital -
44 Additional Tier 1 capital (AT 1) -
45 Tier 1 capital (T1 = CET 1 + AT 1) 16,000,044
Tier 2 capital : instruments and provisions
46 Directly issued qualifying Tier 2 instruments plus related stock surplus 459,059
47 Directly issued capital instruments subject to phase out from Tier 2 -
48 Tier 2 instruments (and CET1 and AT1 instruments not included in rows 5 or 34) issued by -
subsidiaries and held by third parties (amount allowed in group Tier 2)
49 of which : instruments issued by subsidiaries subject to phase out -
50 Provisions 1,032,269
51 Tier 2 capital before regulatory adjustments 1,491,328
Tier 2 capital : regulatory adjustments
52 Investments in own Tier 2 instruments -
53 Reciprocal cross-holdings in Tier 2 instruments and other TLAC Liabilities -
54 Investment in the other TLAC liabilities of Banking, financial and insurance entities that are -
outside the scope of regulatory consolidation and where the bank does not own more than
10% of the issued common share capital of the entity, amount previously designated for the
5% treshold but that no longer meets the conditions (for G-SIBs only)
55 Significant investments in the capital and other TLAC Liabilities of Banking, financial and -
insurance entities that are outside the scope of regulatory consolidation (net of eligible short
positions)
56 National specific regulatory adjustments -
57 Total regulatory adjustments to Tier 2 capital -
272 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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No Component Total
58 Tier 2 capital (T2) 1,491,328
59 Total capital (TC = T1 + T2) 17,491,372
60 Total risk weighted assets 105,917,731
Capital ratios and buffers
61 Common Equity Tier 1 (as percentage of risk weighted assets) 15.11%
62 Tier 1 (as a percentage of risk weighted assets) 15.11%
63 Total capital (as a percentage of risk weighted assets) 16.51%
64 Institution specific buffer requirement (minimum CET1 requirement plus capital 3.50%
conservation buffer plus countercyclical buffer requirement plus G-SIB buffer requirement,
expressed as a percentage of risk weighted assets)
65 of which : capital conservation buffer requirement 2.50%
66 of which : Bank specific countercyclical buffer requirement 0.00%
67 of which : G-SIB buffer requirement 1.00%
68 Common Equity Tier 1 available to meet buffers (as a percentage of risk weighted assets) 7.51%
National minima (if different from Basel 3) -
69 National Common Equity Tier 1 minimum ratio (if different from Basel 3 minimum) -
70 National Tier 1 minimum ratio (if different from Basel 3 minimum) -
71 National total capital minimum ratio (if different from Basel 3 minimum) -
Amounts below the thereshold for deductions (before risk weighting) -
72 Non-siginificant investments in the capital and other TLAC Liabilities of other financial entities -
73 Significant investments in the common stock of financials -
74 Mortgage servicing rights (net of related tax liability) -
75 Defered tax assets arising from temporary differences (net of related tax liability) -
Applicable caps on the inclusion of provisions in Tier 2 -
76 Provisions eligible for inclusions in Tier 2 in respect of exposures subject to standardised -
approach (prior to application of cap)
77 Cap on inclusion of provisions in Tier 2 under standardised approach -
78 Provision eligible for inclusion in Tier 2 in respect of exposures subject to internal rating- -
based approach (prior to application of cap)
79 Cap for inclusions of provisions in Tier 2 under internal ratings-based approach -
Capital instruments subject to phase-out arrangements (only applicable between 1 Jan 2018 -
and 1 Jan 2022)
80 Current cap on CET1 instruments subject to phase out arrangements -
81 Amount excluded from CET1 due to cap (excess over cap after redemptions and maturities) -
82 Current cap on AT1 instruments subject to phase out arrangements -
83 Amount excluded from AT1 due to cap (excess over cap after redemptions and maturities) -
84 Current cap on T2 instruments subject to phase out arrangements -
85 Amount excluded from T2 due to cap (excess over cap after redemptions and maturities) -
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Good Corporate Governance
5. Capital - Capital Reconciliation (CC2)
(in IDR million)
No. ITEMS 31 December 2024
ASSETS
1 Cash 681,840
2 Placement with Bank Indonesia 7,719,070
3 Placement with other banks 2,563,700
4 Spot and derivatives /forward receivables 2,063,117
5 Securities 29,022,391
6 Securities sold under repurchase agreements (repo) 5,753,464
7 Securities purchased under resell agreements (reverse repo) 1,653,008
8 Acceptance receivables 2,422,663
9 Loans 100,411,809
10 Sharia Financing
11 Equity investment 26
12 Other Financial Assets 1,156,879
13 Impairment on finacial assets -/-
a. Securities (16,036)
b. Loans (3,959,553)
c. Others (10,375)
14 Intangible assets 1,133,973
Accumulated amortization on intangible assets -/- (37,333)
15 Fixed assets and equipment 5,663,666
Accumulated depreciation on fixed assets and equipment -/- (2,724,050)
16 Non Productive Asset
a. Abandoned property 28,534
b. Foreclosed assets 149,034
c. Suspense accounts 2,094
d. Interbranch assets
17 Other assets 2,463,861
TOTAL ASSETS 156,141,782
LIABILITIES AND EQUITY
LIABILITIES
1 Current account 32,134,450
2 Saving account 35,075,904
3 Time deposit 49,701,396
4 Electronic money
5 Liabilities to Bank Indonesia
6 Liabilities to other banks 5,801,861
7 Spot and derivatives/forward payables 2,232,695
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No. ITEMS 31 December 2024
8 Liabilities on securities sold under repurchase agreements (repo) 5,576,054
9 Acceptance payables 2,306,951
10 Securities issued 1,041,910
11 Borrowings -
12 Margin deposit 268,006
13 Interbranch liabilities -
14 Other liabilities 4,176,388
15 Minority interest -
TOTAL LIABILITIES 138,315,615
EQUITIES
16 Paid in capital
a. Authorized capital 9,000,000
b. Unpaid capital -/- (5,943,102)
c. Treasury stock -/- -
17 Additional paid in capital
a. Share premium 4,933,950
b. Share discount -/- -
c. Fund for paid up capital -
d. Others 4,576
18 Other comprehensive income
a. Gain -
b. Losess -/- (288,965)
19 Reserves
a. General reserves 151,975
b. Appropriated reserves -
20 Gain /loss
a. Previous years 9,561,493
b. Current year 406,240
c. Paid dividends -
TOTAL EQUITY ATTRIBUTABLE TO OWNERS 17,826,167
TOTAL EQUITY 17,826,167
TOTAL LIABILITIES DAN EQUITY 156,141,782
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6. Capital - Main Features Of Capital Instruments And Tlac - Eligible (CCA)
Instruments
No. QUANTITATIVE / QUALITATIVE INFORMATION
1 Publisher PT Bank UOB Indonesia
2 Identification Number BBIA02SBCN1, BBIA02SBCN2, BBIA03SBCN1 and BBIA04SBCN1
3 Law used Indonesian Law
3a Means that enable the N/A
implementation of obligations on
Section 13 of the TLAC Term Sheet
reached (for other valid TLAC
instruments governed by foreign
law)
Treatment Instrument under the provisions of CAR
4 At the time of transition N/A
5 After the transition period Tier 2
6 Are the instruments eligible for Consolidation and Individual
Individual / Consolidation or
Consolidation and Individual
7 Type Instruments Subordinated Bonds
8 The amounts recognized in the IDR459,059 million
calculation of CAR
9 Par value of the instrument IDR950,000 million
10 Classification according to Liabilities - Amortized Cost
financial accounting standards
11 Publication date 5 July 2019, 13 November 2019, 08 March 2022 dan 26 June 2024
12 No maturity (perpetual) or with With Maturity
maturity
13 Due date 5 July 2026, 13 November 2026, 08 March 2029 dan 26 June 2031
14 Execution of a call option on the N/A
approval of the Supervisory Bank
15 Call option date, the number N/A
of withdrawals and other
requirements of the call option (if
any)
16 Subsequent call option N/A
Coupon / dividend
17 Dividend / Coupon with fixed Fixed
interests or floating
18 The level of the coupon rate 9.85%; 9.25%; 8.00% dan 7.50%
or other index that becomes a
reference
19 Whether or not the dividend No
stopper
20 Full discretionary, partial or Mandatory
mandatory
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No. QUANTITATIVE / QUALITATIVE INFORMATION
21 Are there step-up feature or other No
incentives
22 Non - cumulative or cumulative Non - cumulative
23 Convertible or non-convertible No
24 If the convertible, specify trigger N/A
point
25 If the convertible, whether whole N/A
or in part
26 If converted, how the conversion N/A
rate
27 If converted, whether mandatory N/A
or optional
28 If converted, specify the type of N/A
instrument conversion
29 If converted, the issuer of the N/A
instrument mentioned it converts
into
30 Features write-down Yes
31 If the write-down, specify trigger When a Company is potentially disrupted through its point of non-viability and
its has a term of 5 (five) years or more and can only be repaid after obtaining OJK
approval. Based on circular letter from OJK No. 20 / SEOJK.03 / 2016 dated
21 June 2016, Subordinated Bonds may be converted into ordinary shares or
written down if:
i. The ratio of the Common Equity Tier 1 / CET 1 is lower than or equal
to 5.125% (five point one hundred and twenty five percent) of risk-
weighted assets (RWA) either individually or consolidatively with
subsidiaries; and / or
ii. There is a plan from the competent authority to undertake equity
participation to a Bank that is deemed to be potentially disrupted by
its continuity;
iii. and there are commands from OJK to convert into ordinary shares and
/ or Write Down
32 If the write-down, whether full or Proportional, partial or full with OJK approval
partial
33 If the write-down, permanent or Permanent
temporary
34 If the write-down of temporary, N/A
explain the mechanism of write-up
34a Subordination type Subordinated bonds
35 Hierarchy of the instrument at the 1. First Preferred Creditor is entitled to receive full payment of all bills
time of liquidation receivable in accordance with the statutory provisions applicable
2. Furthermore, the Customer storage and Senior Debt creditors are
entitled to receive full payment of all bills receivable in accordance
with their respective debt agreements, with special attention given bail
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Good Corporate Governance
No. QUANTITATIVE / QUALITATIVE INFORMATION
3. After the creditors Preferred, Depositors and creditors Debt Senior, receive
full payment of all charges payable in accordance with provisions in
the loan agreements each of the holders of the Subordinated Bonds
(including holders of Subordinated Bonds or creditors of subordinated
loans other position pari passu with holders of the Subordinated Bonds
if there are) entitled to receive full payment of all bills receivable in
accordance with the provisions of their respective debt agreements
4. In the case of a preferred creditor, the depository customer of the
senior debt creditor, has not received full payment of his receivables
and if the trustee receives payment or distribution from the curator,
the liquidator or guardian who takes care of the company’s assets and
assets in the liquidation process:
a. Trustee shall not distribute the money received by the Trustee from
the curator, liquidator or guardian who manages the Company’s
assets and assets in the liquidation process, to the Subordinated
Bond Holder unless the Trust Agent has received:
i written affirmation of the curators, liquidators or guardians
who administer the assets of the Company in the liquidation
process that all preferred creditors, depositors and senior debt
creditors are paid in full; or
ii authorized court order in the respective jurisdiction ordering or
authorizing the Trustee to make payments to the Subordinated
Bond Holders because all preferred creditors, depositors,
senior creditors and debtors have been paid in full.
b. In case the Trustee does not receive the written affirmation as
mentioned in 4.a.i. Or court order as specified in 4.a.ii. In this
paragraph the Trust Agent must immediately refund the payment
received by the Trustee to the curator, liquidator or guardian who
manages the assets and assets of the Company in the liquidation
process, for the payment of all the preferred creditors, depositors
and senior debtors who are still not yet paid. If the curator,
liquidator or guardian who handles the assets and assets of the
Company in the liquidation process does not receive the money
returned by the Trustee, the Trust Agent must open a separate
bank account and deposit the received money into the account
until the Trustee receives the letter / document Mentioned in point
4.ai Or 4.a.ii. mentioned above.
5. Except in the case of the preferential creditors, depositors and senior
creditors receiving full payment in the liquidation process and by not
excluding the provision of treatment as the Company’s Tier 2 capital
as referred to in POJK No.11 / POJK.03 / 2016 and The Subordinated
Bondholder Subordinates who directly receive payments in other ways
from, or the distribution of, the assets of the Company, of any kind or
nature, whether in cash, property or securities, the Subordinated Bond
Holder is obligated to deliver payment or The distribution of such
assets to the Trustee or the curator in bankruptcy, or the liquidator
or guardian who manages the Company’s assets and assets in the
liquidation process for the distribution of the Company’s assets in
accordance with the provisions of point 1.2. And 3. above
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No. QUANTITATIVE / QUALITATIVE INFORMATION
6. If the remaining proceeds of the Company’s liquidation after the
satisfaction of the creditor’s outstanding billing, the depositors and
the senior debtors are insufficient to pay the amount due under the
Subordinated Bond and any collateral right that ranks paripassu with
Subordinated Bonds, the Subordinated Bondholders and the holder of
the claim rights Ranks pari passu with Subordinated Bonds will share
outstanding, each of which is their right.
36 Is the transition to features that No
are non-compliant
37 If yes, explain the features of non- N/A
complaint
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Leverage Ratio
7.a Leverage Ratio Exposure
(in IDR million)
No Description Total
1 Total assets in the statement of financial position in the published financial statements 160,009,348
(Gross value before deducting Allowance for Impairment Losses).
2 Adjustments for the value of investments in Banks, financial institutions, insurance -
companies, and/or other entities based on financial accounting standards must be
consolidated but outside the scope of consolidation based on the provisions of the
Financial Services Authority.
3 Adjustment for the value of the underlying financial assets that have been transferred -
to the asset securitization meeting the off-sale requirements as stipulated in the
Financial Services Authority Regulation concerning prudential principles in asset
securitization activities for commercial banks. In the event that the underlying financial
asset has been deducted from the total assets in the statement of financial position,
the number in this line is 0 (zero).
4 Adjustment to the temporary exemption from the placement of demand deposits with -
Bank Indonesia in order to comply with the minimum statutory reserve requirements (if
any)
5 Adjustments for fiduciary assets that are recognized as components of the statement of -
financial position based on financial accounting standards but are excluded from the
calculation of total exposure in the Leverage Ratio.
6 Adjustments for the value of regular purchases or sales of financial assets using the -
trade date accounting method.
7 Adjustments for the value of cash pooling transactions that meet the requirements as -
stipulated in this Financial Services Authority Regulation.
8 Adjustment for the value of exposure to derivative transactions. 4,090,914
9 Adjustment for SFT exposure values for example reverse repo transactions. 177,409
10 Adjustment for the TRA exposure value which has been multiplied by the Credit 14,166,633
Coversion Factor
11 Prudential assessment adjustments in the form of capital deduction factors and (5,724,318)
Allowance for Impairment Losses.
12 Other adjustments
13 Total Exposure in the calculation of the Leverage Ratio. 172,719,986
Qualitative Analysis
Total Exposure in the calculation of the Leverage Ratio is the sum of asset exposures in the statement of financial
position, exposure to derivative transactions, exposure to securities financing transactions (SFT), TRA exposure in
the commitments and contingencies report which includes the trading book position and banking book position in
December 2024. This exposure calculation is needed to monitor that Core Capital to Total exposure is above the
minimum ratio set by OJK, which is 3%.
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7.b Leverage Ratio Calculation
(in IDR million)
Description Period
Dec 24 Sep 24
Assets Exposure on Financial Position Statement
1 Asset exposure in the statement of financial position includes collateralized 150,488,345 151,994,434
assets, but does not include derivative transaction exposure and SFT
exposure (gross value before deducting Allowance for Impairment Losses)
2 The value added back for derivative collateral submitted to the counterparty - -
which resulted in a decrease in total asset exposure in the balance sheet due
to the application of financial accounting standards
3 (Reduction of receivables related to CVM given in derivative transactions)
4 (Adjustments for the carrying amount of securities received in SFT exposure
recognized as assets)
5 (Allowance for Impairment Losses for these assets is in accordance with (3,985,965) (4,049,433)
financial accounting standards)
6 (Assets that have been calculated as a deduction factor for Core Capital (1,738,353) (1,795,084)
as referred to in the Financial Services Authority Regulation regarding the
minimum capital adequacy requirement for commercial banks)
7 Total Assets Exposure on Financial Position Statement 144,764,027 146,149,917
Sum from row 1 to row 6
Derivative Transaction Exposure
8 RC value for all derivative transactions, whether there is a variation margin 2,543,064 2,326,561
that meets the requirements or there is an offsetting agreement that meets
certain requirements
9 The added value which is the PFE for all derivative transactions 3,662,381 3,481,277
10 (Exception for exposure to derivative transactions settled through a central
counterparty (CCP))
11 Adjustment for the effective notional value of credit derivatives - -
12 (Adjustments for effective notional value are offset and add-on deductions for - -
credit derivative sales transactions)
13 Total Derivative Transaction Exposure 6,205,445 5,807,838
Sum from row 8 to row 13
Securities Financing Transaction (SFT) Exposure
14 Gross carrying amount of SFT assets 7,406,472 16,521,723
15 (Net value between cash liabilities and cash receivables) - -
16 Credit Risk due to counterparty failure related to SFT assets which refers to 177,409 418,529
the calculation of current exposure as regulated in the Attachment to this
Financial Services Authority Regulation
17 Exposure as an SFT agent - -
18 Total Securities Financing Transaction (SFT) Exposure 7,583,881 16,940,252
Sum from row 14 to row 17
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Description Period
Dec 24 Sep 24
Administrative Transaction Exposure
19 Value of all committed or contingent liabilities 93,284,020 87,604,352
Gross value before deducting Allowance for Impairment Losses
20 (Adjustments to the result of the multiplication between the value of the (78,778,713) (74,813,052)
commitment obligation or contingent liability and the Credit Conversion
Factor are then reduced by Allowance for Impairment Losses)
21 (Allowance for Impairment Losses on Administrative Transaction according to (338,674) (318,142)
financial accounting standards)
22 Total Administrative Transaction Exposure 14,166,633 12,473,158
Sum from row 19 to row 21
Capital and Total Exposure
23 Core Capital 16,000,584 16,413,116
24 Total Exposure 172,719,986 181,371,165
Sum from row 7, row 13, row 18, and row 22
Leverage Ratio
25 Leverage Ratio Value, including the impact of adjustments to temporary 9.26% 9.05%
exceptions for current account placements with Bank Indonesia in order to
meet the minimum statutory reserve requirements (if any)
25a Leverage Ratio Value, excluding the impact of adjustments to temporary 9.26% 9.05%
exceptions for current account placements with Bank Indonesia in order to
comply with the minimum statutory reserve requirements (if any)
26 Minimum Leverage Ratio 3% 3%
27 Bearing to Leverage Ratio
Disclosure of Average Value
28 The average value of the carrying value of SFT assets on a gross basis, after 13,985,516 15,425,366
adjustment for sales accounting transactions which are calculated on a net
basis with cash liabilities in SFT and cash receivables in SFT
29 The value at the end of the reporting quarter of the carrying amount of SFT 7,406,472 16,521,723
assets on a gross basis, after adjustment for sales accounting transactions
which are calculated on a net basis with cash liabilities in SFT and cash claims
in SFT
30 Total Exposure, including the impact of the adjustment to the temporary 179,299,030 180,274,808
exemption from the placement of demand deposits with Bank Indonesia in
order to comply with the minimum statutory reserve requirements (if any),
which has included the average value of the gross carrying value of SFT
assets as referred to in line 28
30a Total Exposure, excluding the impact of the adjustment to the temporary 179,299,030 180,274,808
exemption from the placement of demand deposits with Bank Indonesia in
order to comply with the minimum statutory reserve requirements (if any),
which has included the average value of the gross carrying value of SFT
assets as referred to in line 28
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Description Period
Dec 24 Sep 24
31 Leverage Ratio Value, including the impact of the adjustment to the temporary 8.92% 9.10%
exemption from the placement of demand deposits with Bank Indonesia
in order to meet the minimum statutory reserve requirements (if any), which
has included the average value of the gross carrying value of SFT assets as
referred to in line 28
31a Leverage Ratio Value, excluding the impact of the adjustment to the 8.92% 9.10%
temporary exception on the placement of demand deposits with Bank
Indonesia in order to meet the minimum statutory reserve requirements (if
any), which has included the average value of the gross carrying value of SFT
assets as referred to in line 28
Qualitative Analysis
The Leverage Ratio as of December 2024 was 9.26% which is the result of a comparison between Core Capital of
IDR16.00 Trillion and Total Exposure of IDR172.72 Trillion. Compared to the September 2024 period, the Leverage
Ratio for the December 2024 period increased by 0.21%. This increase was due to a decrease in Asset Exposure in the
Financial Position of IDR1.39 Trillion and a decrease in Securities Financing Transaction Exposure of IDR9.36 Trillion. The
Bank will continue to maintain capital (especially Core Capital) so that the Leverage Ratio remains above the minimum
ratio in accordance with Financial Services Authority Regulation No.31/POJK.03/2019 dated December 2, 2019.
8. Disclosure of Credit Quality on Assets (CR1)
(in IDR million)
Gross Carrying Allowance Allowance for Allowance for Net Amount
Amount for Impairment Losses Impairment (a+b+c)
Overdue Not Yet Impairment Stage 2 & 3 Stage 1 Losses (IRB
Bills Overdue Losses Approach)
Bills
a b c d e f g
1 Securities - 26,715,399 (16,036) - (16,036) 26,699,363
2 Loans 1,829,479 98,582,331 (3,959,553) (3,433,247) (526,306) 96,452,257
3 Off-Balance Sheet - 6,460,461 (2,290) 0 (2,290) 6,458,171
Transaction
Total 1,829,479 131,758,191 (3,977,879) (3,433,247) (544,632) 129,609,791
9. Disclosure of Credit Mutations and Matured Securities (CR2)
(in IDR million)
a
1 Credits and Securities that have matured in the last reporting period 1,785,523
2 Credits and Securities that have matured since last reporting period 135,452
3 Loans and Securities that are reversed back to undue bills (7,244)
4 Write-offs (76,314)
5 Other alterations (7,938)
6 Matured Loans and Securities at reporting date (1+2-3-4+5) 1,829,479
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Good Corporate Governance
10. Disclosure of Net Claims by Region
(in IDR million)
No Portfolio Category 31 December 2024
Net Claims by Region
Jakarta West Java Central East Java Sumatera
Java & Bali
a b c d e f g
1 Claims on the Government 39,174,684 - - - -
2 Claims on Public Sector Entities 3,052,941 - - - -
3 Claims on Multilateral Development - - - - -
Banks and International Institution
4 Claims on Banks 4,666,311 26,819 - 41,201 -
5 Claims in the form of Covered Bonds - - - - -
6 Claims on Securities Companies and 5,670,636 - - - -
Other Financial Services Institution
7 Claims in the form of Subordinated 26 - - - -
Securities/Receivables, Equity and Other
Capital Instruments
8 Claims Secured by Residential 6,255,382 607,194 415,774 1,648,294 764,348
Properties
9 Claims Secured by Commercial 17,529,396 1,389,965 1,695,818 3,737,506 2,354,336
Properties
10 Claims for the Land Acquisition, Land 2,602,884 17,169 35,251 63,901 217,378
Processing and Construction
11 Claims on Employee/Retiree - - - - -
12 Claims on Micro, Small Business and 13,403,335 92,560 177,835 221,147 102,608
Retail Portfolio
13 Claims on Corporations 38,531,215 992,292 422,977 4,275,349 4,355,787
14 Claims-Past Due 416,975 98,161 107,864 286,077 41,806
15 Other Assets 4,266,814 82,282 171,800 144,134 82,789
Total 135,570,599 3,306,442 3,027,319 10,417,609 7,919,052
284 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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31 December 2023
Net Claims by Region
Kalimantan Total Jakarta West Java Central East Java Sumatera Kalimantan Total
& Makassar Java & Bali & Makassar
h i j k l m n o p
- 39,174,684 40,777,893 - - - - - 40,777,893
- 3,052,941 988,700 - - - - - 988,700
- - - - - - - - -
455 4,734,786 6,472,873 1,982 687 183,204 - 734 6,659,480
- - - - - - - - -
- 5,670,636 2,804,457 - - - - - 2,804,457
- 26 26 - - - - - 26
282,910 9,973,902 6,333,486 678,771 592,194 1,711,387 875,994 312,617 10,504,449
1,259,970 27,966,991 17,130,927 1,386,376 1,858,838 3,878,988 2,764,249 1,939,710 28,959,088
27,279 2,963,862 1,349,561 16,375 33,528 73,619 255,538 41,413 1,770,034
- - - - - - - - -
41,954 14,039,439 12,801,627 51,621 65,762 180,364 92,576 42,658 13,234,608
321,846 48,899,466 31,003,645 913,096 429,554 3,187,885 1,369,758 226,681 37,130,619
30,665 981,548 548,850 130,339 76,042 97,020 39,736 27,901 919,888
65,888 4,813,707 3,613,040 71,339 139,530 139,963 129,273 55,280 4,148,425
2,030,967 162,271,988 123,825,085 3,249,899 3,196,135 9,452,430 5,527,124 2,646,994 147,897,667
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 285
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Good Corporate Governance
11. Disclosure of Net Claims by Economic Sector
(in IDR million)
No. Economic Sector Claims on Claims on Claims on Claims to Claims in
Government the Public Multilateral Banks the form
Sector Development of Covered
Entities Banks and Bond
International
Institutions
a b c d e f g
31 December 2024
1 Agricultur, Forestry, and Fisheries - - - - -
2 Mining and Excavation - 736,863 - - -
3 Processing Industry - - - 657,520 -
4 Procurement of Electricity, Gas, Steam/Hot - 110,048 - - -
Water and Cold Air
5 Water Management, Wastewater - - - - -
Management, Waste Management and
Recycling, and Remediation Activities
6 Construction - - - - -
7 Wholesale and Retail Trade; Car and - 2,206,030 - - -
Motorcycle Repair and Maintenance
8 Transportation and Warehousing - - - - -
9 Provision of Accommodation and Provision - - - - -
of Food and Drink
10 Information and Communication - - - - -
11 Financial and Insurance Activities 22,902,530 - - 4,076,749 -
12 Real Estate - - - - -
13 Professional, Scientific and Technical - - - - -
Activities
14 Rental and Leasing Activities Without - - - - -
Option Rights, Employment, Travel Agents
and Other Business Support
15 Government Administration, Defense and - - - - -
Compulsory Social Security
16 Education - - - - -
17 Health and Social Activities - - - - -
18 Arts, Entertainment and Recreation - - - - -
19 Other Service Activities - - - - -
20 Household Activities as an Employers; - - - - -
Activities that Produce Goods and Services
by Households Used to Meet Their Own
Needs
21 Activities of International Agencies and - - - - -
Other Extra International Agencies
286 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Claims on Claims in Claims Claims Claims Claims on Claims Claims on Claims- Other
Securities the form of Secured by Secured by for Land Employee on Micro, Corporations Past Due Assets
Companies Subordinated Residential Commercial Acquisition, or Retiree Small
and Other Securities/ Properties Properties Land Business
Financial Receivables, Processing and Retail
Services Equity and and Portfolio
Institutions Other Capital Construction
Instruments
h i j k l m n o p q
- - 33,305 325,281 - - 4,379 4,401,833 - -
- - 1,975 210,574 - - 8,952 11,462,143 - -
- - 724,203 11,283,359 - - 387,740 19,528,617 135,345 -
- - 2,923 243,758 - - 491 138,152 - -
- - 4,157 7,436 - - - - - -
- - 68,694 75,676 2,963,862 - 28,270 12,252 31,004 -
- - 2,236,251 9,011,730 - - 1,057,208 6,709,497 297,746 -
- - 152,555 2,334,299 - - 75,366 1,330,298 16,535 -
- - 43,227 1,642,950 - - 69,210 55,529 16,296 -
- 25 144,811 751,398 - - 19,774 1,768,441 - -
5,663,525 1 1,112 - - - - 1,187,048 - -
- - 23,338 744,752 - - 24,827 1,976,680 201,486 -
- - 35,606 43,528 - - 14,981 42,709 - -
- - 48,623 203,565 - - 15,549 113,394 - -
- - - - - - - - - -
- - - 22,060 - - 3,093 - - -
- - 3,152 13,220 - - 14,262 1,000 - -
- - 806 7,789 - - 100 1,493 - -
6,000 - 66,594 616,066 - - 23,097 129,033 2,069 -
- - - - - - - - - -
- - - - - - - - - -
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 287
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Good Corporate Governance
No. Economic Sector Claims on Claims on Claims on Claims to Claims in
Government the Public Multilateral Banks the form
Sector Development of Covered
Entities Banks and Bond
International
Institutions
a b c d e f g
22 Household - - - - -
23 Not Other Business Fields 16,272,154 - - 517 -
24 Others - - - - -
Total 39,174,684 3,052,941 - 4,734,786 -
31 December 2023
1 Agricultur, Forestry, and Fisheries - - - - -
2 Mining and Excavation - 23,698 - - -
3 Processing Industry - - - 925,625 -
4 Procurement of Electricity, Gas, Steam/Hot - 442,874 - - -
Water and Cold Air
5 Water Management, Wastewater - - - - -
Management, Waste Management and
Recycling, and Remediation Activities
6 Construction - 60,218 - - -
7 Wholesale and Retail Trade; Car and - 461,910 - - -
Motorcycle Repair and Maintenance
8 Transportation and Warehousing - - - - -
9 Provision of Accommodation and Provision - - - - -
of Food and Drink
10 Information and Communication - - - - -
11 Financial and Insurance Activities 31,332,481 - - 5,732,884 -
12 Real Estate - - - - -
13 Professional, Scientific and Technical - - - - -
Activities
14 Rental and Leasing Activities Without - - - - -
Option Rights, Employment, Travel Agents
and Other Business Support
15 Government Administration, Defense and - - - - -
Compulsory Social Security
16 Education - - - - -
17 Health and Social Activities - - - - -
18 Arts, Entertainment and Recreation - - - - -
19 Other Service Activities - - - - -
20 Household Activities as an Employers; - - - - -
Activities that Produce Goods and Services
by Households Used to Meet Their Own
Needs
288 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Claims on Claims in Claims Claims Claims Claims on Claims Claims on Claims- Other
Securities the form of Secured by Secured by for Land Employee on Micro, Corporations Past Due Assets
Companies Subordinated Residential Commercial Acquisition, or Retiree Small
and Other Securities/ Properties Properties Land Business
Financial Receivables, Processing and Retail
Services Equity and and Portfolio
Institutions Other Capital Construction
Instruments
h i j k l m n o p q
- - 6,382,570 429,550 - - 173,205 - 267,198 -
1,111 - - - - - 12,118,935 40,635 13,869 -
- - - - - - - 712 - 4,813,707
5,670,636 26 9,973,902 27,966,991 2,963,862 - 14,039,439 48,899,466 981,548 4,813,707
- - 34,662 1,045,862 - - 1,454 1,239,222 1,340 -
- - 1,788 191,774 - - 11,559 7,662,195 - -
- - 642,873 11,447,126 - - 312,895 16,080,179 175,613 -
- - 4,175 180,455 - - 469 178,347 - -
- - 3,640 8,359 - - - - 1,264 -
- - 58,237 84,723 1,770,034 - 12,181 - 51,688 -
- - 2,396,894 9,616,490 - - 339,311 6,682,031 291,699 -
- - 295,220 194,885 - - 65,198 113,600 6,336 -
- - 54,727 1,895,001 - - 41,710 2,441 25,010 -
- 25 96,917 685,506 - - 9,706 2,288,071 57,886 -
2,797,693 1 1,225 - - - - - - -
- - 33,316 2,220,822 - - 15,372 2,518,022 1,478 -
- - 38,906 51,510 - - 18,843 7,518 - -
- - 41,783 186,017 - - 1,596 181,436 7,388 -
- - - - - - - - - -
- - 1,218 24,552 - - 811 - - -
- - 1,947 19,169 - - 6,986 - - -
- - 805 9,027 - - 501 1,002 - -
6,000 - 60,987 569,346 - - 37,581 107,036 4,664 -
- - - - - - - - - -
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Good Corporate Governance
No. Economic Sector Claims on Claims on Claims on Claims to Claims in
Government the Public Multilateral Banks the form
Sector Development of Covered
Entities Banks and Bond
International
Institutions
a b c d e f g
21 Activities of International Agencies and - - - - -
Other Extra International Agencies
22 Household - - - - -
23 Not Other Business Fields 9,445,412 - - 971 -
24 Others - - - - -
Total 40,777,893 988,700 - 6,659,480 -
12. Disclosure of Net Claims by Remaining Contract Period
(in IDR million)
No. Portfolio Category 31 December 2024
Net Claims by Remaining Contract Period
<=1 years >1 years to > 3 years >5 years Non
3 years to 5 years Contractual
a b c d e f g
1 Claims on the Government 19,592,776 1,850,154 5,068,596 6,862,031 5,801,127
2 Claims on Public Sector Entities 2,343,513 - 709,428 - -
3 Claims on Multilateral Development Banks and - - - - -
International Institution
4 Claims on Banks 2,037,074 256,923 37 - 2,440,752
5 Claims in the form of Covered Bonds - - - - -
6 Claims on Securities Companies and Other 4,352,294 989,943 328,399 - -
Financial Services Institution
7 Claims in the form of Subordinated Securities/ - - - - 26
Receivables, Equity and Other Capital Instruments
8 Claims Secured by Residential Properties 3,004,890 361,955 746,949 5,854,017 6,091
9 Claims Secured by Commercial Properties 19,701,374 1,638,350 4,515,109 2,073,433 38,725
10 Claims for the Land Acquisition, Land Processing 1,908,080 967,818 53,248 34,716 -
and Construction
11 Claims on Employee/Retiree - - - - -
12 Claims on Micro, Small Business and Retail 2,090,157 1,315,800 5,192,133 5,436,175 5,174
Portfolio
13 Claims on Corporations 37,473,429 3,186,963 7,335,577 719,320 184,177
14 Claims-Past Due 420,263 84,347 202,816 267,789 6,333
15 Other Assets - - - - 4,813,707
Total 92,923,850 10,652,253 24,152,292 21,247,481 13,296,112
290 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Claims on Claims in Claims Claims Claims Claims on Claims Claims on Claims- Other
Securities the form of Secured by Secured by for Land Employee on Micro, Corporations Past Due Assets
Companies Subordinated Residential Commercial Acquisition, or Retiree Small
and Other Securities/ Properties Properties Land Business
Financial Receivables, Processing and Retail
Services Equity and and Portfolio
Institutions Other Capital Construction
Instruments
h i j k l m n o p q
- - - - - - - - - -
- - 6,735,129 528,464 - - 323,106 - 277,463 -
764 - - - - - 12,035,329 69,519 18,059 -
- - - - - - - - - 4,148,425
2,804,457 26 10,504,449 28,959,088 1,770,034 - 13,234,608 37,130,619 919,888 4,148,425
31 December 2023
Net Claims by Remaining Contract Period
Total <=1 years >1 years to 3 > 3 years to 5 >5 years Non Total
years years Contractual
h i j k l m n
39,174,684 22,905,487 3,981,268 1,253,472 2,849,938 9,787,728 40,777,893
3,052,941 918,486 70,214 - - - 988,700
- - - - - - -
4,734,786 5,257,852 397,734 3 - 1,003,891 6,659,480
- - - - - - -
5,670,636 1,005,028 1,456,516 342,878 - 35 2,804,457
26 - - - - 26 26
9,973,902 3,208,755 362,147 746,892 6,183,895 2,760 10,504,449
27,966,991 20,449,077 2,115,874 3,989,286 2,379,902 24,949 28,959,088
2,963,862 1,579,455 153,921 14,265 17,111 5,282 1,770,034
- - - - - - -
14,039,439 2,677,246 4,370,772 3,407,457 2,769,459 9,674 13,234,608
48,899,466 28,166,445 4,388,729 4,010,154 254,159 311,132 37,130,619
981,548 439,276 104,253 40,032 335,366 961 919,888
4,813,707 - - - - 4,148,425 4,148,425
162,271,988 86,607,107 17,401,428 13,804,439 14,789,830 15,294,863 147,897,667
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 291
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Good Corporate Governance
Credit Risk
13. Disclosure of Claims and Provision by Region
(in IDR million)
No Descriptions 31 December 2024
Region
Jakarta West Java Central East Java Sumatera
Java & Bali
a b c d e f g
1 Bills 206,632,113 4,966,547 4,420,846 15,376,137 10,549,585
2 Impairment Bills 8,674,030 805,547 1,002,035 804,605 271,160
a. Not yet due 7,824,435 696,223 638,543 398,221 211,578
b. Past Due 849,595 109,324 363,492 406,384 59,582
3 Allowance for Impairment Losses - Stage 1 703,912 21,274 9,321 35,555 26,242
4 Allowance for Impairment Losses - Stage 2 1,834,752 356,258 214,222 68,356 51,954
5 Allowance for Impairment Losses - Stage 3 500,955 11,421 256,077 121,654 35,854
6 Write-off 895,828 70,120 58,480 38,644 22,126
14.Disclosure of Claims and Provision by Economic Sector
(in IDR million)
31 December 2024
No Economic Sector Bills Impairment Bills Allowance for Allowance for
Not yet due Past Due Impairment Impairment
Losses - Stage 1 Losses - Stage 2
a b c d e f g
1 Agricultur, Forestry, and Fisheries 6,590,173 16,886 - 10,085 2,504
2 Mining and Excavation 15,904,534 11,879 - 22,341 1,755
3 Processing Industry 52,033,889 2,562,890 508,714 67,653 1,290,021
4 Procurement of Electricity, Gas, Steam/ 1,498,606 4,545 - 1,121 653
Hot Water and Cold Air
5 Water Management, Wastewater 22,999 3,931 - 28 646
Management, Waste Management
and Recycling, and Remediation
Activities
6 Construction 5,725,910 381,900 34,550 6,278 287,410
7 Wholesale and Retail Trade; Car and 37,105,008 1,232,484 410,788 52,477 317,546
Motorcycle Repair and Maintenance
8 Transportation and Warehousing 5,084,298 65,071 16,535 8,809 12,970
9 Provision of Accommodation and 2,464,053 1,613,868 29,121 861 393,067
Provision of Food and Drink
10 Information and Communication 5,876,428 11,124 138,800 4,486 1,663
11 Financial and Insurance Activities 38,446,385 1,287 - 23,257 180
12 Real Estate 3,596,197 284,054 257,072 7,329 20,136
292 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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31 December 2023
Region
Kalimantan Total Jakarta West Java Central Java East Java & Sumatera Kalimantan total
& Makassar Bali & Makassar
h i j k l m n o p
2,916,282 244,861,510 191,495,927 5,219,502 4,890,208 14,127,534 11,639,222 3,831,048 231,203,441
360,421 11,917,798 7,038,746 899,827 1,173,322 1,059,253 324,519 337,063 10,832,730
319,319 10,088,319 6,093,618 746,433 850,692 931,054 275,692 301,630 9,199,119
41,102 1,829,479 945,128 153,394 322,630 128,199 48,827 35,433 1,633,611
7,529 803,833 775,034 8,350 8,129 26,149 15,701 7,697 841,060
56,088 2,581,630 1,870,730 329,029 227,946 167,591 32,104 58,911 2,686,311
13,214 939,175 591,421 29,898 293,921 54,303 10,891 8,848 989,282
6,161 1,091,359 772,288 58,342 362,837 138,989 80,171 54,920 1,467,547
31 December 2023
Allowance Write-off Bills Impairment Bills Allowance for Allowance for Allowance for Write-off
for Impairment Impairment Impairment
Impairment Not yet due Past Due
Losses - Stage Losses - Losses -
Losses -
Stage 3 1 Stage 2 Stage 3
h i c d e f g h i
- 6,426,226 16,885 1,340 4,953 2,870 -
- 11,796,021 105,569 - 13,947 9,198 -
397,747 50,232,564 2,226,431 476,116 66,324 1,356,662 330,357
- 1,835,789 7,687 - 2,021 1,148 -
- 24,550 2,697 1,264 31 673 -
3,547 4,849,844 393,680 55,193 4,646 284,983 3,505
164,824 34,770,390 1,722,231 440,357 59,082 326,039 353,397
- 841,235 47,645 6,336 2,133 9,164 -
12,824 2,599,435 1,693,353 25,934 1,479 385,664 13,732
138,800 5,711,380 - 149,119 6,802 2,970 91,233
- 45,969,256 1,436 - 19,898 215 -
55,587 5,780,348 653,035 6,231 14,810 67,589 4,753
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Good Corporate Governance
31 December 2024
No Economic Sector Bills Impairment Bills Allowance for Allowance for
Not yet due Past Due Impairment Impairment
Losses - Stage 1 Losses - Stage 2
a b c d e f g
13 Professional, Scientific and Technical 199,235 8,603 - 400 1,256
Activities
14 Rental and Leasing Activities Without 613,731 15,155 - 1,736 2,082
Option Rights, Employment, Travel
Agents and Other Business Support
15 Government Administration, Defense - - - - -
and Compulsory Social Security
16 Education 30,646 11,844 - 44 1,350
17 Health and Social Activities 36,839 - - 134 -
18 Arts, Entertainment and Recreation 11,272 - - 32 -
19 Other Service Activities 1,195,265 18,428 2,260 2,986 2,614
20 Household Activities as an Employers; - - - - -
Activities that Produce Goods and
Services by Households Used to Meet
Their Own Needs
21 Activities of International Agencies and - - - - -
Other Extra International Agencies
22 Household 7,348,445 225,022 289,821 36,174 72,669
23 Not Other Business Fields 56,228,488 3,619,348 141,818 557,545 173,108
24 Others 4,849,109 - - 57 -
Total 244,861,510 10,088,319 1,829,479 803,833 2,581,630
15. Disclosure of Claims by Days Past Due
(in IDR million)
No Type of Exposure 31 December 2024
Claims by days past due
> 90 days to 120 days > 120 days to 180 days > 180 days
a b c d e
1 Loans Past Due 139,711 469,352 1,220,416
2 Securities Past Due - - -
Total 139,711 469,352 1,220,416
294 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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31 December 2023
Allowance Write-off Bills Impairment Bills Allowance for Allowance for Allowance for Write-off
for Impairment Impairment Impairment
Impairment Not yet due Past Due
Losses - Stage Losses - Losses -
Losses -
Stage 3 1 Stage 2 Stage 3
h i c d e f g h i
- 175,964 4,968 - 399 818 -
- 709,342 26,527 7,388 1,066 5,097 -
- - - - - - -
- 33,450 1,084 - 77 169 -
- 31,758 - - 146 - -
- 11,536 - - 41 - -
191 1,071,897 26,379 4,667 2,769 4,262 4
- - - - - - -
- - - - - - -
23,253 8,115,901 175,743 292,405 42,371 79,730 17,082
142,402 1,091,359 45,947,061 2,093,769 167,261 598,065 149,060 175,219 1,467,547
- 4,269,494 - - - - -
939,175 1,091,359 231,203,441 9,199,119 1,633,611 841,060 2,686,311 989,282 1,467,547
31 December 2023
Total Claims by days past due Total
> 90 days to 120 days > 120 days to 180 days > 180 days
f g h i j
1,829,479 123,806 350,219 1,159,586 1,633,611
- - - - -
1,829,479 123,806 350,219 1,159,586 1,633,611
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Good Corporate Governance
16.A Disclosure of Performing and Non Performing Assets
(in IDR million)
Performing (Current and Special Mention
Quality)
Gross Carrying Amount Allowance for
impairment losses
a b
1 Securities 26,715,399 (16,036)
2 Loans 98,356,966 (3,020,376)
a. Corporations 72,259,960 (2,251,739)
b. Retail 26,097,006 (768,637)
3 Off-Balance Sheet Transactions 6,460,461 (2,290)
16.B Disclosure of Performing dan Non-Performing of Restructured Assets
(in IDR million)
Performing
(Current and Special Mention Quality)
Gross Carrying Allowance for
Amount impairment losses
a b
1 Securities
2 Loans 4,239,872 (1,536,706)
a. Corporations 3,091,861 (1,426,506)
b. Retail 1,148,011 (110,200)
3 Off-Balance Sheet Transactions
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Non Performing (Sub-Standard, Doubtful, Loss Qualities)
Impaired Receivables Not Impaired Receivables
DPD > 90 Days DPD ≤ 90 Days
Gross Carrying Allowance for Gross Carrying Allowance for Gross Carrying Allowance for
Amount impairment Amount impairment Amount impairment
losses losses losses
c d e f g h
2,054,844 (939,177)
1,040,624 (673,448)
1,014,220 (265,729)
Non Performing Stage 1 Stage 2 Stage 3
(Sub-Standard, Doubtful,
Loss Qualities)
Gross Allowance Gross Allowance Gross Allowance Gross Allowance
Carrying for Carrying for Carrying for Carrying for
Amount impairment Amount impairment Amount impairment Amount impairment
losses losses losses losses
c d e f g h i j
1,047,414 (396,783) 548,718 (4,593) 3,691,155 (1,532,115) 1,047,413 (396,781)
576,609 (336,977) 38,772 (117) 3,053,090 (1,426,391) 576,608 (336,975)
470,805 (59,806) 509,946 (4,476) 638,065 (105,724) 470,805 (59,806)
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Good Corporate Governance
17. Disclosure Quantitative Related to CRM Method (CR3)
(in IDR million)
Claims not Claims Claims Claims Covered Claims
guaranteed by guaranteed Guaranteed by Guarantees, Guaranteed
CRM methods by CRM by Collateral Guarantees and/or by Credit
methods Credit Insurance Derivatives
a b c d e
1 Securities 26,699,363 - - -
2 Loans 87,179,457 8,291,252 8,291,252 -
Total 113,878,820 8,291,252 8,291,252 -
4 Matured Loans and 981,548 - - -
Securities
18.Disclosure of Credit Risk Exposure and Impact of the CRM Method (CR4)
(in IDR million)
Portfolio Category Net Claims before applying Net Claims after applying CCF RWA and Average Risk
CCF and CRM methods and CRM methods Weight
On Balance Off-Balance On Balance Off-Balance RWA Average
Sheet Sheet Sheet Sheet Risk Weight
Transactions Transactions (e/(c+d))
a b c d e f
1 Claims on the Government 39,056,254 1,184,300 39,056,254 118,430 - 0.00%
2 Claims on Public Sector 2,428,890 4,731,596 2,428,890 624,051 1,526,471 50.00%
Entities
3 Claims on Multilateral - - - - - 0.00%
Development Banks and
International Institutions
4 Claims on Banks 4,286,510 882,247 4,286,510 448,276 2,785,920 58.84%
Claims on Securities 5,350,377 3,138,432 5,223,627 316,707 3,835,150 69.22%
companies and Other
Financial Services
Institutions 1)
5 Claims in the form of - - - - - 0.00%
Covered Bonds
6 Claims on Corporations 41,185,583 34,035,114 34,647,375 6,723,504 40,684,704 98.34%
- General Corporate
Exposure 2)
Claims on securities 432,119 1,400 432,119 140 432,259 100.00%
companies and other
financial services
institutions 3)
Special Financing Exposure 4) - - - - 0.00%
7 Claims in the form of 26 - 26 - 39 150.00%
Subordinated Securities/
Receivables, Equity and
Other Capital Instruments
298 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Portfolio Category Net Claims before applying Net Claims after applying CCF RWA and Average Risk
CCF and CRM methods and CRM methods Weight
On Balance Off-Balance On Balance Off-Balance RWA Average
Sheet Sheet Sheet Sheet Risk Weight
Transactions Transactions (e/(c+d))
a b c d e f
8 Claims on Micro, Small 10,751,924 31,940,706 9,063,784 3,270,532 6,257,176 50.73%
Business and Retail
Portfolio
9 Claims Secured by 0.00%
Properties
Claims Secured by 9,603,566 1,925,781 9,572,906 192,578 3,902,097 39.96%
Residential Properties
whose Payments Are Not
Materially Dependent on
Property Cash Flows
Claims Secured by 177,312 4,460 173,160 446 84,935 48.92%
Residential Properties
whose Payments Are
Materially Dependent on
Property Cash Flows
Claims Secured by 22,088,596 9,446,438 21,995,090 1,293,960 16,866,170 72.42%
Commercial Properties
whose Payments Are Not
Materially Dependent on
Property Cash Flows
Claims Secured by 4,222,132 3,623,030 4,219,942 362,303 4,852,284 105.89%
Commercial Properties
whose Payments Are
Materially Dependent on
Property Cash Flows
Claims for Land Acquisition, 2,726,811 2,370,514 2,496,583 237,051 4,098,370 149.92%
Land Processing and
Construction 5)
10 Claims-Past Due 981,548 - 981,548 - 1,265,932 128.97%
11 Other Assets 4,813,707 - 4,813,707 - 4,206,386 87.38%
12 Total 148,105,355 93,284,018 139,391,521 13,587,978 90,797,892
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19. Disclosure of Exposure by Assets Category and Risk Weight (CR5)
(in IDR million)
Portfolio Category 0% 20%
1 Claims on the Government 39,174,684 -
Portfolio Category 20% 50%
2 Claims on Public Sector Entities - 3,052,941
Portfolio Category 0% 20% 30% 50%
3 Claims on Multilateral Development Banks and
International Institutions
Portfolio Category 20% 30% 40% 50%
4 Claims on Banks 29,599 5,915 - 2,984,912
Claims on Securities companies and Other - 153,546 - 1,004,020
Financial Services Institutions 1)
Portfolio Category 10% 15% 20% 25%
5 Claims in the form of Covered Bonds
Portfolio Category 20% 50% 65% 75%
6 Claims on Corporations - General Corporate 10,000 798,661 395,345
Exposure 2)
Claims on securities companies and other
financial services institutions 3)
Special Financing Exposure 4)
Portfolio Category 100% 150%
7 Claims in the form of Subordinated Securities/ 26
Receivables, Equity and Other Capital
Instruments
Portfolio Category 45% 75%
8 Claims on Micro, Small Business and Retail 10,161,707 1,905,524
Portfolio
Portfolio Category 0% 20% 25% 30% 35% 40% 45% 50%
9 Claims Secured by Properties
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50% 100% 150% Others Net Claims after CCF dan CRM Methods
- - - 39,174,684
100% 150% Others Net Claims after CCF dan CRM Methods
- - 3,052,941
100% 150% Others Net Claims after CCF dan CRM Methods
75% 100% 150% Others Net Claims after CCF dan CRM Methods
1,714,360 - - 4,734,786
4,382,768 - - 5,540,334
35% 50% 100% Others Net Claims after CCF dan CRM Methods
80% 85% 100% 130% 150% Others Net Claims after CCF dan CRM Methods
- 1,205,163 38,960,177 1,533 41,370,879
432,259 432,259
- - - -
250% 400% Others Net Claims after CCF dan CRM Methods
26
85% 100% Others Net Claims after CCF dan CRM Methods
78,799 188,286 12,334,316
60% 65% 70% 75% 85% 90% 100% 105% 110% 150% Others Net Claims after
CCF dan CRM
Methods
-
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Portfolio Category 0% 20% 25% 30% 35% 40% 45% 50%
Claims Secured by Residential 2,951,222 903,799 2,135,181 817,116 417,490
Properties whose Payments Are
Not Materially Dependent on
Property Cash Flows
Claims Secured by Residential 114,705 13,682 7,793
Properties whose Payments Are
Materially Dependent on Property
Cash Flows
Claims Secured by Commercial - -
Properties whose Payments Are
Not Materially Dependent on
Property Cash Flows
Claims Secured by Commercial
Properties whose Payments Are
Materially Dependent on Property
Cash Flows
Claims for Land Acquisition, Land
Processing and Construction 5)
Portfolio Category 50% 100%
10 Claims-Past Due 26,318 360,144
Portfolio Category 0% 20%
11 Other Assets 681,839
No Risk Weight On balance Off-balance sheet Average CCF Net claims total
sheet net claims transactions net claims (After CCF and
total total (before CCF) CRM methods)
1 <40% 48,659,820 3,110,081 10.00% 48,940,168
2 40%-70% 22,995,013 40,697,441 11.45% 25,835,983
3 75% 22,088,596 9,446,438 13.70% 23,289,050
4 85% 4,813,707 - 0.00% 4,813,707
5 90%-100% 41,617,702 34,036,514 19.75% 41,803,138
6 105%-130% 5,203,680 3,623,030 10.00% 5,563,793
7 150% 2,726,837 2,370,514 10.00% 2,733,660
8 250%
9 400%
10 1250%
11 Net Claims Total 148,105,355 93,284,018 152,979,499
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60% 65% 70% 75% 85% 90% 100% 105% 110% 150% Others Net Claims after
CCF dan CRM
Methods
459,760 1,808,532 272,384 9,765,484
- - 30,913 6,513,00 173,606
11,246,209 1,179,705 10,863,136 - - 23,289,050
1,901,723 76,842 1,134,000 1,469,680 4,582,245
4,163 2,729,471 2,733,634
150% Others Net Claims after CCF dan CRM Methods
595,086 981,548
100% 150% 1250% Others Net Claims after CCF dan CRM Methods
3,982,833 149,035 4,813,707
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20. Counterparty Credit Risk Exposure Analysis (CCR1)
(in IDR million)
No a b c d e f
Replacement Potential EEPE Alpha used Net Claims RWA
Cost (RC) Future for calculate
Exposure (PFE) regulatory
(EAD)
31 December 2024
1. SA-CCR (for derivative) 1,768,580 2,056,481 1.4 5,355,083 4,116,732
2. Internal Model Method (for N/A N/A
derivative and SFTs)
3. Simple Approach for Credit Risk N/A N/A
Mitigation (for SFTs)
4. Comprehensive Approach for N/A N/A
Credit Risk Mitigation (for SFTs)
5. VaR for SFTs N/A N/A
6. Total 4,116,732
31 December 2023
1. SA-CCR (for derivative) 869,619 1,839,060 1.4 3,792,150 2,954,830
2. Internal Model Method (for N/A N/A
derivative and SFTs)
3. Simple Approach for Credit Risk N/A N/A
Mitigation (for SFTs)
4. Comprehensive Approach for N/A N/A
Credit Risk Mitigation (for SFTs)
5. VaR for SFTs N/A N/A
6. Total 2,954,830
21. Capital Charge for Credit Valuation Adjustment (CCR2)
(in IDR million)
31 December 2024 31 December 2023
a b a b
Net Claims RWA Net Claims RWA
Total portfolio based on Advanced CVA Capital Charge N/A N/A N/A N/A
1 VaR Component (include 3x multiplier) N/A N/A
2 Stressed VaR Component (include 3x multiplier) N/A N/A
3 All portfolios based on with Standardised CVA Capital 5,355,083 1,761,311 3,792,150 1,766,421
Charge
4 Total based on CVA Capital Charge 5,355,083 1,761,311 3,792,150 1,766,421
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22. CCR Exposure by Portfolio Category and Risk Weight (CCR3)
(in IDR million)
Portfolio Category 31 December 2024
Risk Weight
a b c d e f g h i
0% 10% 20% 50% 75% 100% 150% Others Total Net
Claim
Claims to Government and 456,818 - - - - - - - 456,818
Central Bank
Claims on Public Sector - - - - - - - - -
Entities
Claims on Multilateral - - - - - - - - -
Development Banks and
International Institutions
Claims to Other Banks - - - 258,298 2,507,588 - - - 2,765,886
Claims on Securities - - - 3,903 94,144 - - - 98,047
Companies and Other
Financial Services Institution
Claims to Securities - - - - - - - - -
Companies
Claims to Corporations - - - - - 156 - - 156
Claims on Micro, Small - - - - - 2,034,176 - - 2,034,176
Business and Retail Portfolio
Other Assets - - - - - - - - -
Total 456,818 - - 262,201 2,601,732 2,034,332 - - 5,355,083
31 December2023
Claims to Government and 170,050 - - - - - - - 170,050
Central Bank
Claims on Public Sector - - - - - - - - -
Entities
Claims on Multilateral - - - - - - - - -
Development Banks and
International Institutions
Claims to Other Banks - - - 129,046 2,263,116 - - - 2,392,162
Claims on Securities - - - 12,504 122,864 - - - 135,368
Companies and Other
Financial Services Institution
Claims to Securities - - - - - - - - -
Companies
Claims to Corporations - - - - - 66 - - 66
Claims on Micro, Small - - - - - 1,094,504 - - 1,094,504
Business and Retail Portfolio
Other Assets - - - - - - - - -
Total 170,050 - - 141,550 2,385,980 1,094,570 - - 3,792,150
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23. CREDIT RISK - Net Claims on Credit Derivative (CCR6)
As of 31 December 2024 & 2023 The Bank does not have Net Claims Credit Derivative
24. CREDIT RISK - Securitization Exposure in Banking Book (SEC1)
As of 31 December 2024 & 2023 The Bank does not have Securitization Exposure in Banking Book
25. CREDIT RISK - Securitization Exposure in Trading Book (SEC2)
As of 31 December 2024 & 2023 The Bank does not have Securitization Exposure in Trading Book
26. CREDIT RISK- Securitization Exposure in Banking Book and related to its
Capital Requirement - Bank Acting as Originator or Sponsor (SEC3)
As of 31 December 2024 & 2023 The Bank does not have Securitization Exposure in Banking Book and related
to its Capital Requirement - Bank Acting as Originator or Sponsor
27. CREDIT RISK - Securitization Exposure in Banking Book and its Capital
Requirement - Bank Acting as Investor (SEC4)
As of 31 December 2024 & 2023 The Bank does not have Securitization Exposure in Banking Book and its
Capital Requirement - Bank Acting as Investor
Market Risk
28. Calculation Of Market Risk RWA By Standard Approach
(in IDR million)
Risk Standard Approach Capital Charge Standard Approach Capital Charge
31 December 2024 31 December 2023
GIRR risk 31,205,99 N/A
Non-securitization CSR risks 17,892,40 N/A
CSR risk of non-CTP securitization - N/A
CSR risk of CTP securitization - N/A
Equity Risk - N/A
Commodity Risk - N/A
Exchange Rate Risk 48,003,58 N/A
DRC – non-securitization 20,827,40 N/A
DRC – non-CTP securitization - N/A
DRC – CTP securitization - N/A
RRAO - N/A
Total 117,929,37
Additional Disclosures
Bank has been using the latest calculation method for Market Risk - Risk Weighted Assets (RWA) since January 2024.
As of December 2024, the largest capital charge is on FX Risk with IDR 48.0 Billion. It’s contributed by Bankwide NOP
(Posisi Devisa Neto) amounted eq. IDR 943.4 Billion. Furthermore, Bank’s Marketable Securities has IDR 31.2 Billion
capital charge for GIRR component which mostly came from Government Bond. In addition, capital charge from CSR
Non-Securitization is IDR 17.9 Billion and capital charge from DRC Non-Securitization is IDR 20.8 Billion which came from
Corporate Bond.
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Interest Rate Risk in The Banking Book
29. Risk Management Implementation Report For Interest Rate Risk In
Banking Book (IRRBB)
Qualitative Analysis
1 The Bank measures interest rate risk based on two persepectives, namely the earnings-based persepective and
economic value perspective. The earnings-based perspective measures short term impact (up to 1 year) of interest
rate movements against the Bank’s net interest income. While the economic value perspective measures the
sensitivity of interest rate movements against the Bank’s Tier 1 capital net worth in the long term. The referred net
worth is the present value of expected cash flow from future assets minus liabilities cash flow plus off-balance
sheet position. To accomodate these two perspectives, the Bank uses NII method which measures net interest
income movements and EVE method to measure economic value of equity movements.
2 As part of IRRBB risk management, the Bank determines Risk Appetite Statement (RAS) and internal limit for IRRBB.
Every month, the results of IRRBB measurement and monitoring on internal limit are informed to the Assets and
Liabilities Committee (ALCO) to be adjusted to the Bank’s strategies and conditions, as well as market conditions if
necessary.
3 Every month, the Bank measures the IRRBB (EVE and NII) using the end-of-month position. In measuring IRRBB, the
Bank first categorises the instrument or position of Banking Book sensitive to interest rate, both on balance sheet
and commitment contingencies, then, the Bank projects the cash flows which will undergo adjustment to interest
rate in the future of the relevant instrument based on the interest rate repricing maturities. In determining the
repricing maturities, the Bank also takes into account the instruments or positions with behavioural option, such as
Non-Maturity Deposit (NMD), fixed loan interest rate with prepayment risk, and deposit with early withdrawal risk.
Balance sheet and cash flow positions for NMD shall follow the result of calculation of the Bank’s internal model
to Core and Non-Core deposits, by considering the cap as stipulated in the SEOJK No. 12/SEOJK.03/2018. As for
the fixed loan interest rate with prepayment risk and deposit with early withdrawal risk, the Bank shall caculate the
required baseline value in the calculation of prepayment rate and early withdrawal rate as elaborated in point 7
below.
EVE-based measurement uses the run-off balance sheet assumption which assumes all Banking Book instruments
on balance sheet will be fully amortised and will not be replaced with new instruments unless there is a need to
fund the remaining balance sheet components. NII-based measurement uses constant balance sheet assumption
which assumes the scale and composition of balance sheet will be maintained according the conditions of initial
calculation by replacing instrument with the similar ones (like-for-like replacement) over matured assets and
liabilities
4 The Bank uses 6 rate shock scenarios for EVE as stipluated in SEOJK No.12/SEOJK.03/2018. The six scenarios are:
1. Parallel up
2. Parallel down
3. Steepener
4. Flattener
5. Short Rate up
6. Short Rate down
While for NII measurement, the Bank uses 2 interest rate shock scenarios: parallel up dan parallel down.
5 The Bank does not use assumptions that are different from the model assumptions used in the IRRBB measurement
report with standards approach.
6 At present, the Bank does not conduct hedging on IRRBB as risk position or exposure remains within the internal
limit
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7 a. The Bank takes commercial margin and other spread components for future cash flows and the discount rate
used in the EVE measurement
b. Due to its characteristics which is relatively unstable or sensitive to market interest rate changes, the non-core
deposit is assumed to have an overnight interest rate repricing period. Meanwhile for core deposits, the Bank
uses internal historical studies to determine the repricing maturity while still taking into account the caps as
regulated in SEOJK No.12/SEOJK.03/2018.
c. The Bank uses the average end-of-month method for the past 1 year in calculating the estimated baseline
parameters for fixed interest rate loan products with the prepayment option. Baseline parameter estimation for
deposit products with the early redemption option is also carried out using the same average end-of-month
method/approach for the past 1 year.
d. At present, the Bank has no other additional assumptions for instruments with behavioural option excluded from
the measurement, which have material impacts on EVE and NII
e. In calculating the IRRBB, the Bank considers currencies considered significant to its balance sheet, namely Rupiah
(IDR) and US Dollar (USD). Meanwhile, other currencies are calculated on a consolidated basis (not calculated
separately). In terms of monitoring the Bank’s internal IRRBB limit, the Bank conducts currency aggregation by
adding up interest rate risk exposures from all currencies, including Rupiah, US Dollar, and other currencies, for
each interest rate shock scenario
8 Based on IRRBB calculation result at the end of December 2024, the Bank observes that interest rate risk exposure
in terms of economic value is still within limit, which is 15% of tier 1 capital. This can be seen from the ratio of ΔEVE
(total currencies) to tier 1 capital of 5.15%. This ratio has increased by 0.16% from the end of June 2024 position
(4.99%). The ratio of ΔNII to Projected Income is 44.24%, increased from end of June 2024 position (21.60%). ALCO
continues to monitor both risk measurement regularly during ALCO monthly meetings
Quantitative Analysis
1 The average repricing maturity period applied for NMD is as follows:
Products Average period of interest rate adjustment (in years)
Retail IDR 3,65
Retail USD 0,81
Wholesale IDR 1,88
Wholesale USD 0,94
2 The longest repricing maturity period implemented for NMD is 4.5 years.
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30. Interest Rate Risk in Banking Book
(in IDR million)
In Million Rupiah ΔEVE ΔNII
Period Dec 2024 Jun 2024 Dec 2024 Jun 2024
Parallel up (824,753) (786,637) (668,740) (425,888)
Parallel down 1,215,074 (425,314) (142,857) (424,004)
Steepener (390,818) - -
Flattener 384,121 (389,892) -
Short rate up (202,007) (705,503) -
Short rate down 98,622 (197,821) -
Negative Maximum Value (absolute) (824,753) (786,637) (668,740) (425,888)
Tier 1 Capital (for ΔEVE) or Projected Income (for ΔNII) 16,000,584 15,757,173 1,511,518 1,836,986
Maximum Value divided by Tier 1 Capital (for ΔEVE) or 5.15% 4.99% 44.24% 23.18%
Projected Income (ΔNII)
Currency : IDR
In Million Rupiah ΔEVE ΔNII
Period Dec 2024 Jun 2024 Dec 2024 Jun 2024
Parallel up (1,173,784) (783,218) (340,988) (460,952)
Parallel down 1,597,045 - (204,011) (168,425)
Steepener (553,973) - -
Flattener 556,975 (386,215) -
Short rate up (263,400) (700,765) -
Short rate down 78,521 - -
Negative Maximum Value (absolute) (1,173,784) (783,218) (340,988) (460,952)
Tier 1 Capital (for ΔEVE) or Projected Income (for ΔNII) 16,000,584 15,757,173 1,511,518 1,836,986
Maximum Value divided by Tier 1 Capital (for ΔEVE) or 7.34% 4.97% 22.56% 25.09%
Projected Income (ΔNII)
Currency : USD
In Million Rupiah ΔEVE ΔNII
Period Dec 2024 Jun 2024 Dec 2024 Jun 2024
Parallel up 349,866 - (356,017) 76,520
Parallel down (382,812) (425,314) 123,626 (259,340)
Steepener 164,267 - -
Flattener (173,975) - -
Short rate up 60,730 - -
Short rate down 20,950 (197,821) -
Negative Maximum Value (absolute) (382,812) (425,314) (356,017) (259,340)
Tier 1 Capital (for ΔEVE) or Projected Income (for ΔNII) 16,000,584 15,757,173 1,511,518 1,836,986
Maximum Value divided by Tier 1 Capital (for ΔEVE) or 2.39% 2.70% 23.55% 14.12%
Projected Income (ΔNII)
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31. Report On Calculation For Quarterly Liquidity Coverage Ratio
(in IDR million)
No Components INDIVIDUAL
Dec-24 S
Outstanding HQLA after haircut Outstanding
commitment or Outstanding commitment
and liabilities/ commitment and and liabilities/
contractual liabilities times run-off contractual
receivables rate or contractual receivables
receivables multiplied
by inflow rate
1 Total data used in LCR calculation ` 63 Days
HIGH QUALITY LIQUID ASSET (HQLA)
2 Total High Quality Liquid Asset (HQLA) 37,233,900
CASH OUTFLOW
3 Retail deposits and deposits from Micro and Small 30,933,156 2,247,824 33,221,900
Business customers, consist of:
a. Stable Deposit/Funding 16,909,825 845,491 17,530,489
b. Less stable Deposit/Funding 14,023,331 1,402,333 15,691,411
4 Wholesale Funding. consist of: 61,053,589 23,579,069 62,612,028
a. Operational deposit 25,165,812 5,996,866 24,082,263
b. Non operational deposit and/or Other Non 35,782,641 17,477,067 38,410,383
Operational liabilities
c. Marketable securities issued by bank (unsecured 105,136 105,136 119,381
debt)
5 Secured Funding -
6 Other cash outflow (additional requirement). consist 7,690,863 1,676,223 8,034,800
of:
a. cash outflow from derivative transaction 164,718 164,718 189,658
b. cash outflow from additional liquidity - - -
requirement
c. cash outflow from liquidation of funding - - -
d. cash outflow from disbursement of loan - - -
commitment and liquidity facilities
e. cash outflow from other contractual liabilities 7,764 7,764 830
related to placement of funds
f. cash outflow from other funding related 6,227,444 212,803 6,880,727
contigencies liabilities
g. other contractual cash outflow 1,290,938 1,290,938 963,585
7 TOTAL CASH OUTFLOW 27,503,116
CASH INFLOW
8 Secured Lending 73,711 - 1,696,919
9 Inflows from fully performing exposure 31,219,716 18,719,097 25,938,592
10 Other Cash Inflow 49,974 49,974 121,301
11 TOTAL CASH INFLOW 31,343,402 18,769,071 27,756,811
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Sep-24 Dec-24 Sep-24
HQLA after haircut Outstanding HQLA after haircut Outstanding HQLA after haircut
or Outstanding commitment and or Outstanding commitment and or Outstanding
commitment and liabilities/contractual commitment and liabilities/contractual commitment and
liabilities times run-off receivables liabilities times run-off receivables liabilities times run-off
rate or contractual rate or contractual rate or contractual
receivables multiplied receivables multiplied receivables multiplied
by inflow rate by inflow rate by inflow rate
62 Days -1 -1
49,974,423 37,233,900 49,974,422,5
2,445,666 30,933,156 2,247,824 33,221,900 2,445,666
876,524 16,909,825 845,491 17,530,489 876,524
1,569,141 14,023,331 1,402,333 15,691,411 1,569,141
24,760,981 61,053,589 23,579,069 62,612,028 24,760,981
5,736,868 25,165,812 5,996,866 24,082,263 5,736,868
18,904,732 35,782,641 17,477,067 38,410,383 18,904,732
119,381 105,136 105,136 119,381 119,381
- - -
1,396,388 7,690,863 1,676,223 8,034,800 1,396,388
189,658 164,718 164,718 189,658 189,658
- - - - -
- - - - -
- - - - -
830 7,764 7,764 830 830
242,314 6,227,444 212,803 6,880,727 242,314
963,585 1,290,938 1,290,938 963,585 963,585
28,603,034 27,503,116 28,603,034
- 73,711,33 - 1,696,919 -
15,708,687 31,219,716,14 18,719,097 25,938,592 15,708,687
121,301 49,974,19 49,974 121,301 121,301
15,829,988 31,343,401,66 18,769,071 27,756,811 15,829,988
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No Components INDIVIDUAL
Dec-24 Se
Outstanding HQLA after haircut Outstanding
commitment or Outstanding commitment
and liabilities/ commitment and and liabilities/
contractual liabilities times run-off contractual
receivables rate or contractual receivables
receivables multiplied
by inflow rate
TOTAL ADJUSTED
VALUE1
12 TOTAL HQLA 37,233,900
13 TOTAL NET CASH OUTLOWS 8,734,045
14 LCR Ratio (%) 426%
Information:
¹ Adjusted values are calculated after the imposition of a reduction in value (haircut), run-off rate, and inflow rate as
well as the maximum limit for HQLA components, for example the maximum limit for HQLA Level 2B and HQLA Level 2
and the maximum limit of cash inflows can be taken into account in LCR.
Report On Calculation For Quarterly Liquidity Coverage Ratio
Indivual Analysis
Liquidity Condition :
• Calculation of the Liquidity Coverage Ratio (LCR) for the fourth quarter of 2024 uses the average daily position data
from October 2024 up to December 2024.
• The fulfillment of the daily average Liquidity Coverage Ratio (LCR) throughout the 4th quarter of 2024 is 426.31%,
above the minimum limit of 100% determined by OJK. LCR for 4th quarter of 2024 increased by 35.06% compared to
3rd quarter of 2024 (391.25%) mostly from decrease in average net cash outflow by 31.62%.
• Based on the current asset perspective, HQLA composition for the 4th quarter of 2024 consists of HQLA Level 1
(99.73%), HQLA Level 2A (0.14%) and HQLA Level 2B (0.13%). HQLA Level 1 is comprised of securities issued by central
government and Bank Indonesia (73.93%), placements at Bank Indonesia (24.29%) and the rest is in cash.
• Based on the perspective of cash outflow, composition for 4th quarter of 2024 against total cash outflow is mainly
dominated by corporate customers (85.73%), individual customers and micro, small and medium enterprises (8.17%)
while the rest is from other cash outflow.
• Based on the perspective of cash inflow, composition for 4th quarter of 2024 against total cash inflow is secured
lending from non-financial corporation counterparty (63.69%), financial institution counterparty (32.82%) while the
rest is from other cash inflow.
• Management of assets and liabilities as well as liquidity is determined through the Asset and Liability Committee
(ALCO) meeting and is carried out synergistically by the business supported by a risk management work unit.
312 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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ep-24 Dec-24 Sep-24
HQLA after haircut Outstanding HQLA after haircut Outstanding HQLA after haircut
or Outstanding commitment and or Outstanding commitment and or Outstanding
commitment and liabilities/contractual commitment and liabilities/contractual commitment and
liabilities times run-off receivables liabilities times run-off receivables liabilities times run-off
rate or contractual rate or contractual rate or contractual
receivables multiplied receivables multiplied receivables multiplied
by inflow rate by inflow rate by inflow rate
TOTAL ADJUSTED TOTAL ADJUSTED TOTAL ADJUSTED
VALUE1 VALUE1 VALUE1
49,974,423 37,233,900 49,974,423
12,773,046 8,734,045 12,773,046
391% 426% 391%
Indivual Analysis
Liquidity Condition :
• Bank monitors and manages liquidity risk through liquidity ratios which are monitored daily such as non-bank deposit
reduction ratio, Loan to Deposit Ratio (LDR), Macroprudential Intermediation Ratio (RIM), Top 20 and 50 Depositors
of non-bank customers, top single depositors of non-bank and bank customers, swap funding ratio and undrawn
facility ratio. Bank also conduts liquidity stress test to assess bank’s liquidity adequacy in ‘bank specific crisis’ and
‘general market crisis’ scenario.
• The projected cash flow uses behavioural modelling to ensure that the cash flows has reflected business behaviour
under normal condition. The behavioural cash flows analysis produces Net Cumulative Outflow (NCO) gap, which is
expected to be faced by the Bank. In addition, the Bank also conducts periodic monitoring on the stability of core
deposits consisting of non-bank stable funds such as current accounts, deposits, and time deposits by analyzing its
volatility.
• Furthermore, the Contingency Funding Plan (CFP) becomes a crucial component in liquidity management framework
and functions as an extension of operational policies or daily management of the Bank’s liquidity. The Contingency
Funding Plan elaborates the Bank’s necessary action in liquidity crisis, both in bank-specific or general market.
Contingency Funding Plan covers the identification process of liqidity crisis, determination of responsibility and
related management actions in crisis, improving the concerned area, as well as ensuring that information can be
acquired on time to facilitate a quick, timely, and effective decision making. The difficulty level and details of the
plans are adjusted according to the complexity, risk exposure, activity, product, and the Bank’s organizational
structure to determine the most relevant indicator to be used in managing liquidity and funding risks. In addition,
the Bank also established Liquidity Task Force (LTF) which is responsible to evaluate liquidity position and determine
which action to take during crisis.
Note: LCR numbers are presented after weighted
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Good Corporate Governance
32. NSFR Calculation
(in IDR million)
ASF Component Sep 2024
Carrying Value based on Remaining Maturity
Non ≥ 6 months - <1
< 6 months ≥ 1 year
Maturity¹ year
1 Capital : 18,208,200 - - 1,531,693
2 Capital based on POJK KPPM 18,208,200 - - 1,531,693
3 Other Capital Instruments - - - -
4 Deposit from Retail and SME 21,772,327 27,374,682 1,098,806 152,255
5 Stable deposits 15,677,635 2,996,359 105,912 3,469
6 Less stable deposits 6,094,692 24,378,322 992,894 148,786
7 Deposit from Wholesale 44,020,074 43,351,799 890,152 34,879
8 Operational deposits 25,085,001 - - -
9 Other Deposit from Corporate 18,935,073 43,351,799 890,152 34,879
10 Liabilities that have interdependent asset pairs - - - -
11 Liabilities and other equity - - - -
12 NSFR derivative liabilities - 1,331,197
13 Equity and other liabilities that do not fall into - 5,621,153 8,444 36,033
the above categories
14 Total ASF - - - -
Carrying Value based on Remaining Maturity
Komponen RSF Non ≥ 6 months - <1
< 6 months ≥ 1 year
Maturity¹ year
15 Total HQLA for the calculation of NSFR - - - -
16 Deposits in other financial institutions for - - - -
operational purposes
17 Performing Loans and Securities - 61,261,273 3,839,691 35,318,677
18 To financial institutions that are guaranteed - - - 1,513,992
with Level 1 HQLA
19 To a guaranteed financial institution not with - 8,039,181 193,219 972,362
HQLA Level 1 and a loan to an unsecured
financial institution
20 to non-financial corporations, retail customers - 53,012,752 3,317,558 26,646,174
and micro and small business customers, the
central government, the governments of other
countries, Bank Indonesia, central banks of
other countries and public sector entities,
including:
21 qualify for a weighted risk of 35% or less, in - - - -
accordance with SE OJK ATMR for Credit Risk
22 Unsecured home mortgage loans, which - - - -
include:
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Dec 2024
Total Weighted Carrying Value based on Remaining Maturity Total Weighted
Value ≥ 6 months - <1 Value
Non Maturity¹ < 6 months ≥ 1 year
year
19,739,893 17,738,937 - - 1,490,275 19,229,212
19,739,893 17,738,937 - - 1,490,275 19,229,212
- - - - - -
46,312,484 19,697,608 25,076,599 2,043,569 14,281 43,038,756
17,844,381 14,755,620 2,881,118 132,791 50 16,881,102
28,468,103 4,941,988 22,195,481 1,910,779 14,231 26,157,654
24,538,246 47,248,041 31,485,606 728,815 30,412 22,818,266
12,542,500 23,953,630 - - - 11,976,815
11,995,745 23,294,411 31,485,606 728,815 30,412 10,841,451
- - - - - -
- - - - - -
- - 2,253,734 -
40,255 - 5,520,600 6,136 80,213 83,281
90,630,878 - - - - 85,169,516
Carrying Value based on Remaining Maturity
Total Weighted Total Weighted
Value ≥ 6 months - <1 Value
Non Maturity¹ < 6 months ≥ 1 year
year
2,056,534 - - - - 1,659,478
- - - - - -
57,468,833 - 60,679,381 3,602,997 36,076,129 57,458,188
1,513,992 - - - 1,609,491 1,609,491
2,274,848 - 10,304,070 28,688 1,013,598 2,573,553
49,326,940 - 50,151,933 3,370,338 27,232,543 48,948,594
- - - - - -
- - - - - -
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Good Corporate Governance
Carrying Value based on Remaining Maturity
Komponen RSF Non ≥ 6 months - <1
< 6 months ≥ 1 year
Maturity¹ year
23 qualify for a weighted risk of 35% or less, in - 17,721 16,076 5,871,508
accordance with SE OJK ATMR for Credit Risk
24 Securities with Current and Undercurrent - 191,619 312,838 314,642
(performing) categories that are not being
pledged, do not default, and are not included
as HQLA, including exchange traded shares
25 Assets that have interdependent liability pairs - - - -
26 Other assets: - 2,107,259 9,444 13,727,608
27 Physical commodities traded, including gold - - - -
28 Cash, securities and other assets recorded as - -
an initial margin for derivative contracts and -
cash or other assets that are deposited as -
default funds at central counterparty (CCP)
29 NSFR derivative assets - 1,344,503
30 NSFR liability of derivative before deducting - 66,560
with variation margin
31 All other assets that do not fall into the above - 2,107,259 9,444 12,316,545
categories
32 Administrative Account - 90,123,400
33 Total RSF
34 Net Stable Funding Ratio (%)
¹ Components reported in the non-term category are components that do not have a contractual period, including:
Permanent (perpetual) capital instruments, short positions, open maturity positions, demand deposits, equity that are
not included in the HQLA and commodity categories”
Analysis
• Total available stable fundings (ASF) are mostly comes from individual retail savings with 50.53% of total ASF
followed by funding from wholesale customers (26.79%) and capital (22.58%). Meanwhile, required stable fundings
(RSF) are mostly comes from current and performing loans as well as marketable securities with 77.74% of total RSF.
• When compared to the position in Sep 2024 (121.71%), the NSFR ratio as of December 2024 decreased by 6.48%.
This decrease were due to the decrease in ASF by Rp 5.46 trillion or 6.03% mostly from stable funding from retail
and micro and small enterprises by Rp3.27 trillion and from corporation by Rp1.72 trillion.
• With the above calculation of NSFR, the Bank has a sufficient stable funding to fund the Bank’s assets in order to
manage its long-term liquidity risks.
• The management of assets, liabilities, and liquidity are determined through Assets and Libilities Committee (ALCO)
meeting and carried out in synergy by business unit with the support from risk management work unit.
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Carrying Value based on Remaining Maturity
Total Weighted Total Weighted
Value ≥ 6 months - <1 Value
Non Maturity¹ < 6 months ≥ 1 year
year
3,833,379 - 53,713 49,758 5,872,731 3,869,010
519,674 - 169,665 154,213 347,767 457,541
- - - - - -
14,513,114 - 2,251,146 373,741 13,818,187 14,329,816
- - - - - -
- - - -
-
-
13,306 - 2,113,258 -
66,560 - 112,687 112,687
14,433,248 - 2,251,146 373,741 11,592,243 14,217,129
428,644 - 93,303,546 464,589
74,467,125 - - - - 73,912,071
121.71% - - - - 115.23%
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33. Liquidity Risk - Encumbered Asset (ENC)
(in IDR million)
a b c d
Encumbered Asset placed or Unencumbered Total
Asset pledged to Central Asset
Bank but yet to be used
to create liquidity
Cash and Cash Equivalent - - 681,840 681,840
Placement with Bank Indonesia - 7,721,533 - 7,721,533
Marketable Securities (HQLA Level 1) 5,840,647 - 27,809,884 33,650,531
Corporate Bonds (HQLA Level 2a and 2b) - - 133,511 133,511
Total HQLA 5,840,647 7,721,533 28,625,235 42,187,415
Qualitative Analysis
a) Encumbered assets are Bank assets that can not be used for liquidity needs, both legally or contractually by the
Bank under stress conditions. As of December 31, 2024, encumbered assets of UOBI is Rp5.8 trillion.
b) Asset placed or pledged to Central Bank but yet to be used to create liquidity is placement with Bank Indonesia
amounting to Rp7.7 trillion (position 31 December 2024).
c) Unencumbered assets consist of Cash and Cash Equivalent amounting to Rp682 billion and Marketable Securities
(after weighted) amounting to Rp27.8 trillion (position 31 December 2024).
d) Point b) and c) are HQLA.
34. RWA Calculation For Operational Risk
Business Indicators Detailed Report
(in IDR million)
Indikator Bisnis (IB) and 31 December 2024 31 December 2023
Subcomponents IB
T T-1 T-2 T T-1 T-2
Interest, Rent, and Dividend 3,155,648 2,832,067 - -
Components (KBSD)
Interest Income 9,538,923 7,157,180 6,540,535 7,157,180 6,540,535 7,300,229
Interest Expense 4,357,609 2,222,596 2,326,742 2,222,596 2,326,742 3,426,390
Productive Assets 159,885,113 138,895,089 121,956,156 138,895,089 121,956,156 116,746,753
Dividend Income 282 52 43 52 43 151
Fees Components (KJ) 1,173,872 1,092,538
Fees and Commission Income 1,148,992 1,184,318 1,185,801 1,184,318 1,185,801 904,903
Fees and Commission Expense 182,754 185,894 142,983 185,894 142,983 113,840
Other operating income - - - - - -
Other operating expenses 2,103 100 301 100 301 2,190
Financial Components (KK) 764,694 1,240,098
Trading Book Net Profit and 248,135 38,642 379,848 38,642 379,848 671,514
Loss
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Indikator Bisnis (IB) and 31 December 2024 31 December 2023
Subcomponents IB
T T-1 T-2 T T-1 T-2
Banking Book Net Profit and 770,390 520,022 337,045 520,022 337,045 1,773,224
Loss
Business Indicators (IB) 5,094,214 5,164,703
Business Indicator Components 611,306 619,764
(KIB)
Disclosure IB -
Total IB including divested 5,094,214 5,164,703
activities
IB reduction due to exclusion of - -
divested activities
Additional Information
34. Calculation Of Operational Risk RWA By Standard Approach
No. Detailed 31 December 2024 31 December 2023
Total Total
1 Business Indicator Components (KIB) 611,306 619,764
2 Internal Loss Multiplier Factor (FPKI) 1 1
3 Minimum Operational Risk Capital (MMRO) 611,306 619,764
4 RWA for Operational Risk 7,641,321 7,747,054
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Sustainability Report
Sustainability Report
322 About Sustainability Report
323 Sustainability Highlights
325 Our Approach
334 Drive Growth Sustainably
339 Keep Customers at Centre
346 Develop Professionals of Principle
353 Uphold Corporate Responsibility
370 Index and Feedback Form
375 Appendix
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Sustainability Report
About Sustainability Report
This report has been approved by the Board of Directors and is prepared in accordance with
• Financial Services Authority (OJK) Regulation No. 51/2017 on the Implementation of Sustainable Finance for
Financial Service Institutions, Issuers, and Public Companies.
• OJK Circular Letter No. 16/2021 regarding the format and content of annual reports, which includes provisions
for sustainability reporting.
This report should be read alongside the UOB Annual Report 2024 and other related disclosures. Links to relevant
resources, accurate at the time of publication, are provided throughout the report.
The report was published in April 2025 and is available online at www.uob.co.id. No printed copies were produced.
All figures in this report are in IDR unless otherwise specified. Some figures may not sum exactly due to rounding.
We welcome your feedback and suggestions at sustainability@uob.co.id
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Sustainability Highlights
We have been making a concerted efforts to integrate sustainability into our business and operations:
Supported Developed policies
decarbonization efforts related to environmental risk
management and established a
of clients monitoring process for effective
in the energy sector through the offering implementation
of sustainable financing under U-Solar
and U-Energy for the adoption of
renewable energy and energy efficiency Eliminated more than
initiatives respectively 20,000 paper coffee
cups per year
More than 3,700 from our on-site coffee shop since
employees January 2024
completed the Sustainability 101
e-learning module Extended philanthropic
funding to >300
Engaged 1,575 recipients
students from the art community in Jogjakarta,
and 1,492 artists through our Corporate in collaboration with BNP Paribas and
Social Responsibility programme supported by the United Nations
focusing on Art, Children and
Education, including the annual UOB
Painting of the Year competition, and Organised a Quarterly
our collaboration with universities to Sustainability Talk
promote sustainability
Show
for employees, featuring discussions
Sent frequently on waste management and the
circular economy, alongside the annual
sustainability Heartbeat event
campaign emails
to employees, including a Sustainability
Call to Action and a Climate
Nearly 2,500 employees
spent 3,004 volunteering hours with
Change Communication Survey, with
hearing-impaired communities in Jakarta,
participation from over more than 700
Bandung and Semarang, mentoring
managers
marginalised youths through a five-week
volunteerism programme and supporting
religious festivities with digital art
workshop and sustainability workshop
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Sustainability Report
Economic Social
In 2024, our net profit after tax was IDR406 billion, In retail banking, our UOB TMRW to provide banking
39.9% or IDR296 billion lower compared to 2023. access to people across Indonesia, regardless
We distributed IDR5.8 trillion to our employees and of location. We observed an increase in TMRW
suppliers, and contributed IDR159 billion in taxes. Our customers from outside Java, rising from 32% in
sustainable finance portfolio has been on an upward 2023 to 34.6% in 2024. For businesses, we continue
trend for the past three years, with 14% growth in to offer banking solutions for all segments, including
2024. This growth was mainly driven by financing in large corporations, medium enterprises, and small
renewable energy, energy efficiency, certified palm businesses.
oil, and green buildings. We also saw new traction in
electric vehicles and stable portfolio in the recycling In 2024, we provided jobs for more than 4,000
sector. employees and maintained gender balance, with 53%
female employees. Additionally, 44% of leadership
positions were held by women.
Environment
We demonstrate our commitment to sustainability On average, each employee participated in 5.5 hours
by sourcing 62 MWh of our electricity consumption of training, with a total of 194,000 training hours
through on-site renewable energy generation. recorded.
Through our enhanced waste management program,
we successfully doubled waste diversion from Our community stewardship efforts in financial
landfills, reaching 117 tons in 2024. literacy and financial inclusion increased significantly
in 2024, with 56 initiatives, compared to only 8
Our total Scope 1, 2, and 3 (air travel) greenhouse initiatives in 2023.
gas emissions amounted to 18,529 tCO2e, and we
are actively implementing strategies to reduce these In 2024, we disbursed IDR3.2 billion in corporate social
emissions across our operations. Furthermore, we responsibility funding, focusing on arts, children, and
maintain our commitment to carbon neutrality by education.
purchasing Renewable Energy Certificates (RECs) and
Carbon Credits, while pursuing long-term emission
reduction initiatives.
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Our Approach
326 Sustainability Strategy
329 Sustainability Governance
331 Material ESG Factors
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Sustainability Report | Our Approach
Sustainability Strategy
At UOB Indonesia, our sustainability strategy is underpinned by our corporate purpose and mirrors our business
approach of balancing growth with responsibility. Our strategy takes into account the influence and impact our
decisions and actions may have on our stakeholders and the environment. It also ensures that we remain pragmatic
and progressive through managing environmental, social and governance (ESG) risks and opportunities sensibly and
in line with market realities.
We believe in sustainable development that meets the needs of the present without compromising the ability of
future generations to meet their own needs. This entails respect for the environment, human rights, labour rights,
decent work and economic growth, data privacy and business ethics. In ensuring that our programmes and initiatives
take root and grow, we comply with the ESG-related laws and regulations in each of our key markets.
Corporate
Building the future of ASEAN
Purpose
Group
Guiding management of sustainability-related risks and
Sustainability
opportunities to support decision-making
Framework
Creating sustainable value for our stakeholders
Keep Develop Uphold
Drive Growth
Customers at Professionals Corporate
Sustainably
the Centre of Principle Responsibility
• Contribute economically • Protect customer data • Develop high performing • Maintain highest
to the progress of our and privacy through teams and future standards of
communities secure and robust focused individuals governance and risk
• Embed environmental, systems and practices • Promote work-life culture
social and governance • Ensure fair dealing harmony • Ensure regulatory
risk in our approach to • Create intuitive and • Encourage volunteerism compliance
risk management impactful customer and advocacy for social • Protect the financial
Our sustainability • Integrate social experiences and environmental system against abuse
strategy pillars and environmental • Make banking simpler, causes • Incorporate
and objectives considerations into our smarter and safer • Ensure employee sustainability principles
credit evaluation and through ethical use of engagement and into our procurement
approval processes technology and data satisfaction practices
• Adopt and promote • Make banking more • Ensure workplace health, • Manage direct impact
climate-resilient accessible and inclusive safety and well-being and encourage
practices to support • Support businesses • Embrace diverse abilities environmental
our customers in their across all stages of and strengths stewardship
transition to a low growth • Champion social
carbon economy development in art,
• Develop and provide children and education
sustainable financing
and sustainable
investment solutions
Refining our sustainability strategy continually through stakeholder engagement
Aligned to
Forge a
business Regulatory
Our Guiding sustainable Pragmatic and
strategy and compliance as the Values-driven
principles future with our progressive
stakeholder baseline
customers
interests
Rooted in our time-tested value
Our Values Honourable Enterprising United Committed
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UOB’s Group-wide Sustainability Framework Our climate strategy
• UOB’s Group-wide framework that supports In 2024, we participated in a pilot program on climate
decision-making at all levels by providing guidance risk management and banking scenario analysis,
on how to manage sustainability-related risks and guided by the Financial Services Authority (OJK). This
business opportunities in the context of direct and scenario considers Indonesia’s Nationally Determined
indirect impact to the environment, society and the Contribution to achieve carbon neutrality by 2060 and
economy. the implementation of a carbon tax.
• Underpinned by various relevant policies which
define our commitments and guide our approach to The climate risk stress test framework has guided banks
conducting business in a sustainable manner. in understanding how climate risks affect financial
performance. Specifically, it addresses the impacts of
Strategy pillars and objectives transition risks and physical risks at both macro and
• Demonstrate our focus on creating sustainable micro levels. At the macro level, this includes factors like
value for our stakeholders and how we align our carbon tax implementation and changes in commodity
long-term business strategies with their interests. prices related to climate change. At the micro level, it
• Informs our engagement with our stakeholders and involves borrower-specific issues such as asset value
how we can help them in their own practices for reduction due to natural disasters and increased
positive outcomes in the long run. expenses from carbon taxes, all of which influence credit
risk.
Guiding principles At the portfolio level, when combined with market,
• Act as a compass for how we address the material operational, and liquidity risks, climate risks can
risks and opportunities which may impact our affect a bank capital adequacy ratio. Recognizing the
customers, colleagues, investors, suppliers and the importance of understanding the consolidated impact of
communities in which we operate. climate risks across all financial institutions operating in
Indonesia, we acknowledge data availability limitations.
Stakeholder engagement Nonetheless, the initial climate risk stress testing did not
• Enables us to refine our sustainability strategy reveal significant impacts on UOB Indonesia’s portfolio.
continually through consideration of global issues
and our stakeholders’ expectations in appreciation
of what is material to them and the context of the
countries in which we operate.
United Nations Sustainable Development Goals and
Global Compact
We are committed to contributing to the 17 United
Nations Sustainable Development Goals (UN SDGs)
and integrating the United Nations Global Compact’s
(UNGC) Ten Principles in the areas of human rights,
labour, environment and anti-corruption into our culture,
business strategy and daily operations.
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Sustainability Report | Our Approach
Climate risk stress test for UOB Indonesia (UOBI)
Scope and approach Scenarios (NGFS Phase 3)
Risk transmission
Net Zero 2050
Collective global actions are taken immediately to reduce
emissions towards a target of limiting global warming to
1.5°C as compared with the pre-industrial level by the end
of the century, reaching global net zero in carbon dioxide
Long-term (CO2) emissions around 2050. Stringent climate policies are
impacts set to drive carbon price up to approximately US$439/tCO2
Transition risk Credit risk Market risk by 2050.
Delayed Transition
New climate policies are not introduced until 2030. Due
Short-term
to the delayed actions, strong and aggressive policies are
impacts
required to limit global warming to below 2°C by the end
Physical risk Liquidity Operational of the century. The policy measures will lead to an increase
risk risk in carbon price, reaching up to approximately US$386/
tCO2 by 2050, and a slowdown in economic growth.
Current Policies
Sectors Transition policies implemented before the end of 2022 are
preserved and no new measure is introduced since then.
>50% Insights
of UOBI’s exposures Agriculture Mining Electricity Based on the implemented stress scenarios, climate risk
did not translate into a significant impact on UOBI’s
overall assessed portfolio.
This was a pilot exercise for UOBI, with a comprehensive
scope taking into account the impacts of both transition
and physical risks on four key financial risks, i.e. credit,
Construction Transportation Manufacturing Property market, liquidity and operational. While the methodology
and loans is changing rapidly in the market, data availability and
warehousing quality remains a challenge, not only for small and
medium-sized enterprises, but also for large corporates in
Indonesia.
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Sustainability Governance
At UOB Indonesia, sustainability is a responsibility shared by all employee. As part of our commitment to sustainable
and responsible growth, we identify, assess, and manage environmental and social risks, challenges, impacts, and
opportunities across our value chain. This is achieved within a robust governance framework, supported by policies
and guidelines that define our commitments and guide our business conduct.
Climate change-related issues are integrated into the following sustainability governance mechanisms:
Risk Monitoring 1. Reviewing and guiding strategy.
Board of Commissioners
Committee 2. Reviewing and guiding major
plans of action.
3. Reviewing and guiding risk
management policies.
4. Monitoring implementation and
Board of Directors
performance of objectives.
5. Monitoring and overseeing
progress against goals and
targets for addressing climate
change-related issues.
Sustainability Risk Management
6. Reviewing and approving
Working Group Committee
the climate change related
disclosures in our annual report.
Sustainability
Spokes Forum
Roles & Responsibilities Ensures emerging climate change-related risks and
opportunities whether identified internally, by customers,
Board of Commissioners NGOs, regulators or other stakeholders, are integrated
Oversees climate-related issues, including regulatory into bank’s decision-making process, assessed and
developments, internal policies, direct environmental managed at the highest levels.
impact through bank’s operations, and indirect impact
through bank’s financing and investment activities. • Wholesale Banking and Consumer Banking: handle
This also includes overseeing sustainability reporting the indirect impact of the bank’s financing and
disclosures and initiatives to support our customers on investment activities and initiatives to support our
their sustainability journey. customers on their sustainability journey. Work
with customers to address climate change-related
Board of Directors challenges and opportunities, occasionally in
Guides the development of sustainability-related collaboration with NGOs, certification bodies and
policies, including those related to climate change. other mutual stakeholders.
Manages and monitors climate change-related risks • Corporate Real Estate Services, Channels &
and opportunities, and oversees progress, performance Digitalisation and Technology & Operations:
and reporting on climate change-related issues. manages the direct environmental impact of the
bank’s operations. Specializes in energy and
Sustainability Working Group sustainability efforts aimed at mitigating the bank’s
Assists Board of Directors to identify climate-related environmental footprint and realizing our green
risks and opportunities. Assesses emerging issues and is building targets. Through central procurement
responsible for delivering bank’s sustainability strategy office, both IT and non-IT suppliers are encouraged
in partnership with relevant functions across the bank. to align with sustainability principles.
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Sustainability Report | Our Approach
• Credit and Risk Management: provides reports Governance Principles
related to climate change risks and opportunities Our sustainability governance structure ensures oversight
that fall under their respective charters. This and compliance with regulatory, sectoral, and stakeholder
facilitates Board of Directors’ with oversight of expectations related to our sustainability strategy. This
climate risk appetite, climate risk scenario analysis, structure is grounded in the following principles:
and climate risk stress testing. • Effective Governance and Oversight: Managing
• Legal, Compliance & Corporate Secretary: oversee sustainability-related risks, including climate
regulatory developments. and nature-related risks, while seizing business
opportunities.
Sustainability Spokes Forum • Board Attention: Ensuring sustainability matters
Chaired by the Head of Sustainability Governance, the receive adequate focus from the Board.
Sustainability Spoke Forum assists the Sustainability • Cross-Functional Connectivity: Promoting
Working Group in facilitating the implementation of collaboration among functions on sustainability,
policies, directions, and strategies approved by the climate, and nature topics.
Board of Commissioners and the Board of Directors. • Escalation Processes and Accountability:
Establishing formal procedures for escalating issues
and ensuring accountability.
2024 Highlights
The BOC and BOD approved
The BOC and BOD reviewed The BOC and BOD approved
UOB Indonesia’s business
and approved the UOB disclosures in the UOB
strategy concerning
Indonesia Sustainability Indonesia Sustainability
sustainability opportunities
Framework and identified Report 2024, referencing POJK
and support for corporate
material ESG factors. 51/2017.
clients.
BOD members and selected
BOD oversaw regulatory senior officers participated
developments, internal policies, in training on sustainable We invited Indonesian
and the indirect impacts of business practices in Indonesia, stakeholders to engage in a
our financing and investment Southeast Asian policies, and survey on material ESG factors.
activities. workshops on the circular
economy.
To stay informed about key market developments Additional senior management committees, such
and enhance our ability to address relevant risks and as the Risk Management Committee and Credit
opportunities, the Board of Directors, the Sustainability Policy Committee, are responsible for reviewing and
Working Group, and other senior executives regularly approving policies and programs related to our net-zero
undergo training on sustainability topics, including commitment and climate change risks and opportunities
climate change and environmental issues. within their respective areas. For instance, climate risk is
identified, assessed, managed, and monitored through
our Environmental Risk Management Framework and
Responsible Financing Policy, both of which are approved
by the Credit Policy Committee and the Climate Risk
Management Scenario Risk Management Committee.
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Material ESG Factors
UOB Indonesia’s most significant impacts on the of our business, while also supporting sustainable
economy, environment and society are reflected in development. Our analysis combines quantitative and
our material environmental, social and governance qualitative research to provide a holistic overview of
(ESG) factors. UOB conducts materiality assessments stakeholder expectations, with the results informing our
and stakeholder consultations on a continual basis to strategic decision-making and reporting framework.
ensure that these material factors are in context of our
operating environment, business and operations, as well In 2024, UOB conducted a materiality assessment survey
as regulatory and stakeholder expectations. among our key internal and external stakeholder groups,
including UOB Indonesia Board of Directors and Senior
Materiality Assessment Management, employees, regulators and customers, to
UOB conducts materiality assessment exercises collect their feedback on the ESG factors that matter
and internal reviews continually to identify, review most to the group, including UOB Indonesia.
and prioritise the topics that ensure the success
Review and identify Engage and prioritise Validate
Third-party desktop research Stakeholder engagement Leadership approval
• 13 material ESG factors • UOB conducted employee • The Sustainability Working
reported in the Sustainability workshop and online survey Group, and Board of Directors
Report 2023 against peers’ to both internal and external reviewed and approved the
reporting, industry trends stakeholders to obtain material ESG factors for UOB
and developments, and quantitative and qualitative Indonesia and materiality
sustainability-related inputs on the identified list of matrix.
regulatory requirements. material ESG factors.
• UOB Indonesia’s 13 material • Stakeholders rated each
ESG factors remained ESG factor ‘Low’, ‘Medium’ or
relevant. ‘High’ based on its impact to
stakeholders, and its impact
Enhancement of materiality to business including the
assessment approach potential financial effects
• Both impact and business from risk incidents and/or
perspectives to examine the opportunity events.
dependencies and impacts
of a material factor on Matrix development
both stakeholders and our • UOB computed survey
business. results and considered our
stakeholders’ qualitative
feedback to develop our
materiality matrix.
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Sustainability Report | Our Approach
Critical
Corporate
Sustainable Governance And
Banking Risk Culture
Data privacy Information
Fair Dealing Security
Regulatory
Compliance
Very
Impact perspective (stakeholders)
Talent
Important Development And Economic
Workplace Safety, Inclusion Contributions
Health And Well-
Being
Sustainable
Financial
Procurement
Inclusion
Important
Direct
Environmental
Impact
Community
Stewardship
Business Perspective (UOB)
Drive Growth Sustainably • Improved the bank’s complaint resolution rate.
Economic Contribution • Avoided dark patterns in the UOB Indonesia TMRW
• Distributed payments amounting to IDR5.8 trillion to app to minimize the risk of users unintentionally
employees and suppliers, and IDR159 billion in taxes. taking actions.
Sustainable Banking Data Privacy
• Distributed a total of IDR19 trillion in sustainable • Ensured active compliance with customer data
financing (OJK classification) and managed IDR1.6 privacy policies and procedures.
billion in ESG-focused investments. • The Data Protection Office organized a working
• Actively promoted renewable energy and energy group to implement the new Personal Data
efficiency through U Solar and U Energy. Protection Act.
• Formalized the Data Management Office, with its
Keep Customers at the Center framework and policy completed in 2024.
Fair Dealing
• Conducted Fair Dealing Refresher Training for
Wholesale Banking and Global Markets Relationship
Managers.
• Maintained a satisfactory fair dealing conduct,
with an 18% increase in the number of respondents
surveyed.
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Financial Inclusion Regulatory Compliance
• Empowered women entrepreneurs through the • Ensured that all new and existing employees
Digitalization Innovation Program. completed training and refreshers on compliance-
• Supported SME growth through UOB BizSmart and related topics.
UOB FinLab. • Enhanced anti-fraud training through online and in-
class sessions across UOB branches in Indonesia.
Develop Professionals of Principle • Supported the Indonesia Anti-Scam Centre (IASC)
Talent Development and Inclusion initiative by OJK.
• Achieved an 89% employee engagement score.
• Provided career development opportunities Information Security
through the Leadership Academy and Leadership • Reinforced our commitment to protecting the bank’s
Acceleration Program. data and safeguarding customer information during
• Offered scholarships for employees pursuing our annual Cybersecurity Awareness Month.
undergraduate and postgraduate degrees, • Updated the Information Technology Security
professional qualifications, and certifications. Management and Cyber Resilience Policy and
• Built young talent pipelines through the Professional organized an Information Security Roadshow.
and Future Bankers Academy. • Retained ISO 27001:2022 certification for the
Information Security Management System.
Workplace Safety, Health, and Well-Being • Conducted a Cyber Security Maturity Assessment
• Upgraded security infrastructure at the head office (CSMA) and a Digital Maturity Assessment (DMA).
and conducted basic life support training for 66
employees. Direct Environmental Impact
• Provided physical wellness support, including health • Maintain operational carbon neutrality for our
insurance for employees and their dependents, as Scope 1, Scope 2, and Scope 3 (business air travel)
well as fitness centers. emissions.
• Partnered with Lembaga Psikologi Terapan • Continued efforts to use resources efficiently and
Universitas Indonesia to facilitate mental health reduce environmental impact.
counselling services.
• Conducted financial literacy initiatives for employees Sustainable Procurement
and expanded them to their families through the • Expanded the Supplier Sustainability Principles pilot
Kids@Work Program. to a broader group of material suppliers, increasing
• Organized various employee volunteering and participation from 7 suppliers in 2023 to 25 in 2024.
corporate social responsibility activities.
Community Stewardship
Uphold Corporate Responsibility • Achieved nearly 2,500 employee volunteers in 2024.
Corporate Governance and Risk Culture • Recorded average 3,004 volunteering hours in 2024.
• Established the Business Risk and Control • Launched a new initiative to provide basic sign
Management (BRCM) function in key business and language classes for employees, promoting
support units. inclusivity for the hearing-impaired community.
• Launched the Risk Culture Award.
• Embedded risk awareness campaigns to promote a
risk-conscious mind-set among employees.
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Sustainability Report | Drive Growth Sustainably
Drive Growth
Sustainably
335 Economic Contributions
336 Sustainable Banking
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Economic Contributions
UOB Indonesia is committed to generating positive economic contributions in
the markets where we operate. We do this through job creation, sourcing from
local suppliers, supporting local communities, and fulfilling our tax obligations
to governments.
Our Approach
To create long-term value for our stakeholders, we have established frameworks, policies, guidelines, and procedures
that ensure responsible and disciplined growth.
2024 Highlights
We generated a net profit after tax of IDR406 billion, a
39.9% or IDR296 billion decrease compared to 2023.
We distributed IDR5.8 trillion to our employees and
suppliers, in addition to tax IDR159 billion.
As of 31 December 2024, our total loan distribution
amounted to IDR100.4 trillion, while total deposits raised
reached IDR116.9 trillion.
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Sustainability Report | Drive Growth Sustainably
Sustainable Banking
UOB Indonesia integrates Environmental, Social and Governance (ESG)
considerations into our financial products and services to support long-term
economic growth, ecological and societal well-being. We offer sustainable
banking products and address ESG risks and opportunities in our business,
including those related to climate change, natural capital and biodiversity, and
human rights.
Our Approach
UOB Indonesia is committed to helping businesses grow Our ESG risk exposure is reviewed periodically. As
responsibly while enabling sustainable lifestyles. We of December 31, 2024, all applicable borrowers had
provide a range of sustainable banking products, from undergone ESG risk assessments, with relevant risks
lending to investments, and embed sustainability into adequately managed and mitigated in line with our
our long-term business strategy. Our approach aligns policy.
with the United Nations Sustainable Development Goals
(UN SDGs), the Paris Agreement, and the national goals ESG clauses of borrowers are thoroughly evaluated as
of the jurisdictions where we operate. part of the Credit Approval process and incorporated
into Credit Facility Agreements to ensure full compliance
with sustainability commitments.
Responsible Financing
Our responsible financing sector policies establish Financing Business’ Sustainable
mandatory requirements and recommendations for
managing ESG risks across our lending portfolio. These
Growth
cover key areas such as human rights, labour conditions, We support businesses in the transition to a low carbon
pollution prevention, resource efficiency, community economy, helping them to stay relevant and competitive
health and safety, and biodiversity conservation— for the long term. To help simplify access to sustainable
applicable throughout the financing lifecycle. financing for companies looking to build resilient
businesses, we have in place sustainable finance
In 2024, we were conducted a comprehensive review umbrella frameworks that are aligned to local and
of our sector policies, strengthening guidelines for internationally-recognised standards, principles and
financing activities related to thermal coal, hydropower, guidelines, including the Loan Market Association/Asia
and waste-to-energy projects. Pacific Loan Market Association Green Loan Principles
and Sustainability Linked Loan Principles.
We also have in place a Responsible Financing Policy,
tailored to sector-specific characteristics and fully These frameworks, which obtained independent second-
integrated into our credit evaluation and approval party opinions, set out the eligible projects or activities
processes. This policy applies to all borrowing customers that qualify for green and sustainability-linked loans and
within Wholesale Banking (excluding Business Banking) bonds, trade finance and other retail banking products.
and extends to capital market underwriting activities.
Additionally, we conduct ongoing portfolio monitoring to
assess borrowers’ ESG risk profiles, ensuring compliance
with sustainable financing standards. Every prospective
borrower undergoes a feasibility assessment to confirm
alignment with sustainability principles and mitigate
ESG-related risks.
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Green Building Developers Supports green building developers and owners across
and Owners Framework asset classes.
Supports green assets, projects and activities relating to
Smart City Framework the creation of sustainable and smart cities.
Supports green assets, projects and activities relating to
Circular Economy Framework the circular economy.
Sustainable Food and Supports food and agribusiness companies and their full
Agribusiness Framework [New] spectrum of food production activities.
Sustainable Trade Finance Supports trade financing of recognised green products
Framework and industry certifications.
Supports the transition of energy-intensive, fossil fuels/
Transition Finance Framework brown and “hard-to-abate” sectors.
Sustainability-linked Finance Supports companies with financial incentives linked to
Framework achievement of sustainability targets.
Under these frameworks, we provide a suite of sustainable financing solutions, particularly four ecosystem solutions
designed to meet the end-to-end needs within specific sectors, to support our clients in capturing opportunities that
contribute to the UN SDGs.
U-Solar U-Energy
ASEAN’S first one-stop solar Asia’s first integrated energy
ecosystem financing platform efficiency platform that provides
for solar project developers, financing solutions to support
U-Ser es the green agenda of businesses,
engineering, procurement,
construction (EPC) contractors, regional governments and
equipment suppliers and end-users homeowners
Solar project Solar EPC Equipment End-users End-users Energy Mechanical Equipment
developers contractors suppliers (building (building service and suppliers
owners and owners and companies electrical
homeowners) homeowners) contractors
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Sustainability Report | Drive Growth Sustainably
Enabling consumer’s sustainable lifestyle choices
UOB offers a range of sustainable banking and investment solutions to help individuals create positive impact
through their everyday choices, from how they live, work and play to how they commute, interact and connect.
We ensure the integration of ESG considerations into how we select and classify investment products across asset
classes, such as bond and equity unit trusts, structured notes and bonds. These considerations include the fund
managers' ESG portfolio expertise, incorporation of ESG factors and performance against benchmarks and peers.
The products are then categorised based on the materiality of ESG factors within the instruments or portfolios.
We have IDR1.6 trillion in new subscription in ESG-focused investment products as of 31 December 2024.
2024 Highlights
New sustainable finance frameworks and programmes
Sustainable Food & Agribusiness
Supports economic activities that drive sustainable development, particularly in climate adaptation,
responsible consumption and production, and industry innovation.
Covers the full spectrum of food production activities
Water, waste Climate-smart Restoration Food waste Packaging Energy
and chemical agriculture and biodiversity management lifecycle efficiency
management creation management
Sustainability-Linked Finance Framework
Provides predefined, sector-specific ‘plug-and-play’ Sustainability Performance Targets (SPTs) that companies
can adopt to secure sustainability-linked financing from UOB.
Notable Sustainable Financing Deals
Our sustainable finance portfolio has experienced continuous growth over the past three years, with a
14% increase in 2024, marking our highest annual growth to date. This expansion was primarily driven by
financing in renewable energy, energy efficiency, certified palm oil, and green buildings, alongside emerging
traction in electric vehicles and steady investments in the recycling sector.
Key Transactions
On 28 November 2024, UOBI established new green trade facility for CJ Feed and Care Indonesia (CJ Feed)
to support trade of certified goods such as Roundtable of Responsible Soy (RTRS) and product with Best
Aquaculture Practices (BAP).
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Sustainability Report | Keep Customers At Centre
Fair Dealing
At UOB Indonesia, we prioritize our customers and their financial goals by
offering products and services that are suitable for them, ensuring that
employees provide quality advice and appropriate recommendations, providing
clear, relevant, and timely information, and addressing feedback independently,
effectively, and promptly. We also strive to create positive experiences for our
customers and foster deeper trust with them.
Our Approach • Mandatory training on fair dealing for all employees;
At UOB Indonesia, we place our customers first, and it is • Regular “Tone from the Top” communications to
on this foundation that we have built our business and reinforce the importance of embracing fair dealing
will continue to grow. What is not right for our customers principles in all that we do;
is not right for us. • Relevant processes and guidelines, such as sales
processes for various financial products and
The principles of fair dealing reflect UOB Indonesia’s guidelines on marketing materials, which set the
time-tested values of being Honorable, Enterprising, requirements for high-quality and professional
United, and Committed, and are not bound by business standards and practices in our sales-related
or geography. activities; and
• From the boardroom to our branches, we seek to • Employee recognition programs and service training
give our customers the confidence that fair dealing to drive a customer-centric service culture and
is central to UOB Indonesia’s corporate culture by: mindset.
• Offering products and services that are suitable for
them; UOB Indonesia is committed to complying with all
• Ensuring our employees are competent; laws and regulations, including those pertaining to
• Providing clear, relevant, and timely information that environmental, social, and economic impact, product and
accurately represents the products and services service information and labelling, as well as marketing
offered and delivered; and communications, including advertising, promotion, and
• Handling feedback and customer complaints in an sponsorship. In Indonesia, we refer to POJK 22 of 2023,
independent, effective, and prompt manner. which provides protection to customers and society on
financial products. In 2024, there have been no material
We embed these principles into the way we design our fines, penalties, or sanctions imposed on the Bank for
products and services, marketing and sales strategies, non-compliance in relation to any of the above areas.
and our after-sales care.
Practicing Fair Dealing within Wholesale
Fair dealing is the responsibility of everyone at UOB Banking and Global Markets
Indonesia, regardless of individual roles. This duty is Wholesale Banking and Global Markets (GM) are
embodied in the UOB Indonesia Code of Conduct, ensuring responsible for developing and providing customized
we consistently put these principles into practice and financial products and treasury solutions across
enabling us to pursue long-term business sustainability. asset classes to help customers meet their financing,
investment, liability, and risk management needs.
Over the years, we have proactively reviewed and
enhanced our internal controls, implementing new and To ensure fair dealing, dealers and sales representatives
refined processes and initiatives aimed at driving fair under Global Markets adhere to the UOB Indonesia : FX
dealing. These include: Global Code Disclosure which sets out global principles
of good FX practices that promote the integrity and
effective functioning of the wholesale FX market.
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GM dealers and sales representatives are also guided by Creating Positive Customer Experiences
the IFEMC Market Code of Conduct commonly referred To create positive experiences and foster deeper trust
to as The Brown Book, which aims to foster high conduct with our customers, we actively listen to customers
standards and practices to ensure fair and equitable throughout the lifecycle of our products and services
relationships among market participants. The IFEMC and address their feedback through:
Market Code of Conduct adopts the FX Global Code and • Consolidated customer insights drawn from internal
principles from the Competition/Antitrust Law Guidelines and external sources;
for Members of The Global Foreign Exchange Committee • Reviews and root-cause analyses for customer
and the ACI FMA Handbook: Our Best Practices and complaints and feedback;
Further Guidance. • Voice of Customer programs and activities to
manage customer insights and testing to improve
In addition to training on fair dealing, regular customer satisfaction and loyalty; and
sessions on compliance, product due diligence, and • Cross-functional teams to develop, refine, and
customer suitability assessments are held for sales implement improvement initiatives.
representatives. Designed for non-accredited investors,
the customer suitability assessment process helps Our continuous improvement is also guided by the Net
sales representatives understand the customer’s profile Promoter Score (NPS) and Customer Experience (CX) score,
and investment objectives before recommending any which are tracked throughout the year. Through industry
financial or investment products that best meet the surveys and findings from our external benchmarking
customer’s business requirements and risk profile. This studies, we are able to obtain an independent gauge of
ensures customers are equipped to make informed customer satisfaction and their changing needs. We use
investment decisions. these insights to enhance the customer experience and
develop products and services that enable us to serve
Avoiding Dark Patterns in Our Digital Banking our customers better.
Services
The UOB Indonesia TMRW transparency outcomes, The UOB Indonesia Customer Advocacy team, which
which are adapted from the UOB Indonesia TMRW reports to the UOB Indonesia President Director, is
design principles, guide us in avoiding dark patterns in responsible for driving customer-centricity across the
our UOB Indonesia TMRW app. This includes areas such organization by monitoring key performance indicators
as customer communications and naming of products and metrics related to customer experience at both
and features. strategic and operational levels.
Dark patterns are interfaces that subtly trick users into
doing things they do not intend to do. Examples include: 2024 Highlights
Use of jargon The bank maintained satisfactory fair dealing
Words and phrases that are too conduct, with the number of respondents surveyed
complex or technical for the typical increasing by 18%. Wholesale banking and
consumer to understand. Global Markets conducted refresher training for
Relationship Manager and reinforced fair dealing
practices while driving business growth. While
Misrepresentation
there was a higher increase in complaints relative
Positive phrases to describe something
to the growth in the customer base, the bank
that is generally negative.
improved its complaint resolution rate.
Misdirection
Images, text placement or contrast
to steer customers into a particular
action, account or services that might
be detrimental to them.
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Sustainability Report | Keep Customers At Centre
Data Privacy
We are committed to protecting our customers’ information through proper
handling, protection and governance of data. We ensure that individuals’ rights
to control their personal data are respected and that personal and proprietary
data are not misused or improperly disclosed, by integrating data privacy
deeply into our service delivery and operational processes.
Our Approach
Safeguarding customers’ information and maintaining Our policies and processes further reflect our respect of
its confidentiality are fundamental to maintaining the our customers’ interests and preferences. We provide our
trust and confidence our customers have placed in UOB. customers with:
We use this data appropriately and in accordance with • Channels for feedback such as email, online contact
privacy and data security laws and regulations. forms and a phone hotline;
• Access to and correction of personal data, as well
We have various data protection measures in place, as issue resolution; and
including bank-wide policies and guidelines, record • Resolution of grievances in a timely manner.
management procedures and controls to ensure proper
handling or disposal of records, data leakage detection UOB Indonesia’s Personal Data
tools, as well as mandatory employee training to
reinforce awareness and practice. Protection Principles
• Purposes the customer has consented to, or as may
Any third-party service provider whom we engage is be permitted by law;
required to have adequate measures to safeguard the • Personal data is used responsibly in accordance
confidentiality and integrity of the Bank’s information in with our ethical standards and corporate values;
its custody. We disclose customer information to these • Access and disclosure are subject to strict controls;
vendors on a need-to-know basis and with customer • Integrity and security of personal data are
consent. paramount; and
• Personal data that is no longer required for legal
Our Data Leakage Incident Management Procedures or business purposes must be anonymised or
also provide guidance for the handling of any data destroyed, in accordance with document retention
breaches. Operational Risk Management and the Data policies.
Protection Office, review any data leakage incidents and
ensure the incidents are reported and affected persons UOB’s Privacy Notices, privacy and security practices
need to be notified. Data leakage escalation and and the contact details of the Bank’s Data Protection
reporting protocols are clear, and are designed to ensure Officer are publicly available online on the
timely breach management and mitigation of harm to https://www.uob.co.id/about-us/privacy-policy.page
data subjects. Post-incident action plans are pursued to
closure to address any weaknesses in process that may
have resulted in the incidents. Any misconduct relating
to breach of confidentiality will be subject to disciplinary
action as appropriate.
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Data Ethics and Quality
the Data Management Office governs the data life cycle this Working Group comprises senior representatives
from creation and consumption to eventual deletion. from DMO, Technology and Operations, Compliance,
This function brings together subject-matter experts Risk Management, Human Resources, Finance, as well
from across UOB to drive continual improvement of as the business segments and functions. as well as
data health, powered by innovations in processes and the business segments and functions. It supports the
technology. Risk Management Committee (RMC) in overseeing the
regulatory, operational and other risks around the data
UOB Indonesia’s Data Management Working Group lifecycle across the domains of data ethics, data sharing,
provides oversight on data governance initiatives. metadata, data protection and confidentiality, and data
Chaired by the Finance & Corporate Service Director, quality.
co-chaired by the Technology & Operations Director
and Compliance, Legal & Corporate Secretary Director,
2024 Highlights
Continuous education to strengthen
awareness and implementation of
data protection
• The Data Protection Office organized
a working group to guide the bank’s
preparation for the implementation of
the new Personal Data Protection Act.
• The Data Management Office formalized
and completed the framework and
policy in 2024.
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Sustainability Report | Keep Customers At Centre
Financial Inclusion
UOB Indonesia is committed to empowering underbanked and underserved individuals
and businesses through the provision of useful and affordable financial products and
services that meet their needs in a responsible and sustainable way. We also facilitate
financial inclusion and access through digital innovation and customer education.
Our Approach
UOB Indonesia is committed to making our banking These solutions help SMEs manage finances, stay stable,
products and services accessible and affordable to and focus on growth.
consumers and businesses across segments. We do
this through our extensive network of branches and UOB BizSmart
offices, a shared network of around 131 Automated Teller UOB BizSmart is a business solution with integrated
Machines (ATMs), and global digital banking channels. digital systems to help small and medium-sized
businesses, simplify and streamline critical business
Across UOB Indonesia, our colleagues are equipped with operations processes, so they can manage everything
the skills and knowledge to serve the needs of a diverse through just one digital device.
customer base, including those who may be physically or
visually impaired. Through our digital advocates at our SMEs often struggle with managing daily tasks as their
branches across the region, we engage customers who businesses grow. UOB BizSmart offers solutions to help
may be less digitally-savvy, especially senior citizens, to streamline operations.
help them cultivate good digital habits and stay safe
while banking digitally. The accounting tool automates sales tracking and
reporting, saving time and reducing errors. The HR
We also support businesses across all stages of growth. system simplifies payroll and attendance, freeing up time
To help small, medium-sized enterprises (SME) access from administrative tasks. The payment gateway allows
bank financing, we harness technology to assess their for easy cashless transactions, improving cash flow and
creditworthiness and process loans more quickly and customer convenience. The Point-of-Sales system tracks
accurately. sales and inventory in real-time, helping businesses stay
organized and make better decisions. These tools help
Supporting Small Medium Enterprises SMEs save time, reduce manual work, and focus more on
growing their business.
(SME) in accessing bank financing and
digitalisation These tools help SMEs save time, reduce manual work,
Access to bank financing can be a challenge for many and focus more on growing their business.
SME and UOB Indonesia has in place various solutions to
address this funding gap. Our SME customers in Indonesia UOB FinLab programmes
can also access UOB’s banking services conveniently, at UOB FinLab is the Bank’s innovation accelerator that runs
our branches or through digital banking channels. various business transformation programmes to support
SMEs and startups leverage technology, e-commerce
UOB Business Loan and digital marketing to grow their sales and expand
Running a small or medium-sized business often means their business across markets. These programmes
balancing cash flow and growth. UOB Indonesia offers include:
financial solutions to help ease this pressure. Trade finance • Sustainability Innovation Programme, which focuses
products provide higher Loan to Value, giving businesses on helping SMEs to understand and implement
more funding for local and international transactions. sustainable business practices;
• Digitalisation Innovation Programme, designed to
Working Capital Loans offer competitive rates to help enhance SMEs’ financial management knowledge
with daily expenses, while using bonds as collateral can and encourage their adoption of digital tools and
improve loan terms. For those looking to invest or expand, technologies.
flexible financing options for property are available.
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2024 Highlights
Empowering Womenpreneurs
Extended a IDR500 billion revolving credit
facility agreement to PT Permodalan Nasional
Madani (PNM) in Indonesia to assist in providing
financing to economically-disadvantaged women
operating ultra-micro businesses; also aligned
with Bank Indonesia’s Rasio Pembiayaan Inklusif
Makroprudensial (Macroprudential Inclusive
Financing Ratio) Requirement.
Rolled out special edition of Digitalisation
Innovation Programme specially for
womenpreneurs in Indonesia. More than 600
womenpreneurs attended workshops topics such
as strategic planning, financial management
and digitalisation, and also gained insights into
gender-responsive business practices, trade
finance strategies from successful women industry
leaders.
Supporting Growth of SMEs
Following the launch of UOB FinLab in Indonesia
on 19 September 2023, an eight-week programme
themed "UKM Sistem Usaha Kreatif dan Solusi
Ekonomi Sejahtera (SUKSES) (Creative Business
System and Prosperous Econmic Solutions):
Digitalisation Innovation Programme" was initiated
on 15 March 2024. In collaboration with Asosiasi
Pengusaha Indonesia (APINDO) (Indonesian
Employers Association), the programme engaged
40 small and medium-sized enterprises (SMEs)
owners to enhance their financial management
knowledge.
In December 2024, UOB Indonesia, in collaboration
with CNBC Indonesia, hosted a media dialogue
session to guide SMEs on accessing digital-
powered financial solutions that support their
growth and business needs.
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Sustainability Report | Develop Professionals of Principle
Develop Professionals
of Principle
347 Talent Development and Inclusion
351 Workplace Safety, Health and Well-
being
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Talent Development and Inclusion
UOB Indonesia is committed to attracting and retaining talent with the right
skill sets and values to uphold a customer-centric and future-focused culture.
We foster a diverse, inclusive, and progressive workplace while supporting
employees in their professional and personal growth.
Our Approach
At UOB Indonesia, our employees are the foundation of We strictly prohibit discrimination, bullying, or harassment
our sustained success and performance. We are guided based on race, ethnicity, gender, gender identity or
by The UOB Way, our unique culture that defines our expression, religion, nationality, age, disability, marital
purpose, values, and commitment to employee well- status, sexual orientation, socioeconomic background,
being. This culture is rooted in our people philosophy or any other legally protected characteristic. We also
of care, growth, and trust, which every employee is conduct regular reviews of our operations to identify
encouraged to embody while adhering to the UOB potential risks and provide secure, confidential
Indonesia Code of Conduct. mechanisms for employees to raise concerns.
Under our Human Resources Policy, UOB Indonesia is The UOB Indonesia Code of Conduct applies to all
committed to: individuals working for or in connection with UOB
• Creating an inclusive workplace where every person Indonesia. Where relevant, business associates,
feels valued, heard, and empowered. including third-party contractors, agents, consultants,
• Providing equal access to opportunities for growth, vendors, and suppliers, are also subject to the Code.
leadership, and internal mobility.
• Practicing non-discriminatory hiring, with every Through Code of Conduct training, we educate all
hiring decision based on merit, skills, and suitability employees on workplace discrimination and harassment.
for the role, aligned with business priorities, job Corrective or disciplinary action is taken in cases of
requirements, and qualifications. misconduct
• Supporting fulfilling career journeys and personal
development. Freedom of Association and
• Enhancing talent development and internal mobility.
• Engaging young talent. Collective Agreement
We respect our employees’ lawful right to freedom of
We track the effectiveness of our initiatives through association and collective bargaining and expect our
employee engagement surveys, conducted annually on suppliers to do the same. Our approach is to maintain
employees’ work anniversaries. This ongoing approach mutually trusted and respectful relationships with
allows us to gather holistic insights for prompt issue employee unions, holding regular meetings with union
resolution. representatives to address concerns and expectations.
Our expectations for employees are outlined in the At UOB Indonesia, the Collective Labor Agreement
UOB Indonesia Code of Conduct, which aligns with outlines the roles and responsibilities of both employees
internationally accepted human rights principles and and the organization, ensuring alignment with applicable
standards, including: laws and regulations. Examples of agreements include:
• The Universal Declaration of Human Rights. • Minister of Manpower and Transmigration
• The United Nations Guiding Principles on Business Regulation No. 7 of 2013 on minimum wages.
and Human Rights. • Labor Law No. 13 of 2003 on manpower and the Job
• The International Labor Organization’s Declaration Creation Law.
on Fundamental Principles and Rights at Work.
• Regulations from Indonesia’s Ministry of Manpower.
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Embracing Diversity and Inclusion The Leadership Acceleration Program is designed for
We are committed to fostering a safe, nurturing, and high-potential employees with outstanding performance.
inclusive workplace where all employees are treated It provides international exposure, leadership webinars,
with respect. We uphold internationally accepted human and strategic decision-making experiences, preparing
rights principles and Indonesian regulations, ensuring a participants for senior leadership roles.
work environment free from discrimination.
Building Young Talent through the Professional and
We believe that diversity and equal opportunities Future Bankers Academy
enhance employee development, productivity, and The Professional and Future Bankers Academy nurtures
engagement graduates seeking careers in banking. The Academy
offers two career paths:
Employee Performance Management • Customer-Facing Roles: A 6 to 12-month program
We conduct employee performance management covering customer service, banking operations,
through PEAK (Plan, Engage, Appraise, Keep Track), a products, marketing, and sales.
process supported by: • Professional Roles: Specializing in compliance,
• The Performance and Development Council, finance, audit, and risk management.
where senior management evaluates employees’
performance and development needs in a fair and Employee Scholarship Program
transparent manner. To support continuous learning, UOB Indonesia offers
• 360° feedback, where direct reports, peers, and scholarships for employees pursuing undergraduate and
internal stakeholders provide anonymous feedback postgraduate degrees, professional qualifications, and
on key behaviors such as collaboration and certifications. These initiatives recognize exceptional
employee development. performance and professional growth, ensuring
employees remain competitive in the industry.
Career and Leadership Development
We provide career development opportunities, including
leadership programs, to help employees grow within
UOB Indonesia.
To ensure a robust talent pipeline, we develop future
leaders through the Leadership Academy, which
integrates formal training, experiential learning, and
social learning. Participants engage with industry
leaders, solve real-world challenges, and contribute to
cross-functional projects.
The Leadership Academy offers three levels of
development:
1. Agile and Aware Leadership.
2. Leading Teams for Growth.
3. Strategic Alliances and Innovation.
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2024 Highlights Kids@Work
Celebrating National Children's Day
Career and Development
In 2024, UOB Indonesia continued to invest in our employees'
growth and development. All eligible permanent employees
underwent performance appraisals based on key performance
indicators and competencies. Through this process, 101 high-
potential talents were identified and prepared to take on 69
critical positions. Nearly 40 employees successfully qualified for
the Leadership Acceleration Program and Leadership Academy,
ensuring a strong pipeline of future leaders. Additionally,
another 40 employees received scholarships to pursue degrees,
professional education, and certifications in key areas such as
risk management, wealth management, human resources, and
sustainability.
Enhanced Learning Experience
To strengthen compliance and risk awareness, we
introduced Mission Compliance, a new mandatory learning
International Women's Day
program that integrates essential risk and compliance training
Internal Competition
into a single, concise module. Featuring live-action videos and
story-driven narratives, the program provides a more engaging
and relevant learning experience for employees.
Fostering Diversity, Equality, and Inclusivity
UOB Indonesia reinforced its commitment to diversity and
inclusion through various initiatives. We hosted International
Women’s Day celebrations, World Environment Day events,
and the Kids at Work program, where employees’ children
engaged in educational activities, including a sign language
session. Recognizing the diverse needs of our workforce, we
enhanced employee benefits by expanding parental leave
and strengthening our Employee Assistance Program, which
provides confidential mental health support through licensed
therapists. As part of our corporate social responsibility efforts,
we organized our flagship Heartbeat event, which combines
physical activities with charitable giving. This year, donations
from the event supported the Rosa Foundation and Cicendo
Special School, both of which assist hearing-impaired children.
40 employees 40 employees 89% employe
qualified for the Leadership receive scholarships satisfaction score
Acceleration Program
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Employee Engagement and Public Recognition
We continued to foster a culture of appreciation and engagement through Appreciation Month, a series of
competitions and activities designed to encourage workplace recognition and gratitude.
Our efforts in employee engagement were reflected in an impressive 89% employee satisfaction score. Externally,
UOB Indonesia received multiple prestigious awards in recognition of its commitment to talent development,
employee engagement, and workplace excellence:
HR Asia
Best Companies to work for in Asia 2024
HR Asia
Sustainable Workplace Awards 2024
HR Excellence Awards
Excellence in Leadership Development – Bronze 2024
HR Excellence Awards
Excellence in In-House Pipeline Strategy – Silver 2024
These achievements reaffirm our dedication to fostering a supportive, inclusive, and high-performing work
environment.
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Workplace Safety, Health and Well-being
UOB Indonesia is committed to ensuring a safe, secure, healthy, and conducive
work environment for all employees, customers, and contractors. We prioritize
the well-being of our employees, encompassing physical, financial, mental, and
social wellness. UOB Indonesia also strives to protect our buildings and branch-
es from physical and operational risks.
Our Approach Physical Security and Occupational Health
At UOB Indonesia, the safety, health, and well-being of Satety (OHS)
our colleagues, customers, and contractors are central to We have necessary measures to ensure a safe and
our operations and core values. We believe in promoting secure environment, including:
work-life harmony and uphold the highest professional • Anticipating, recognizing, evaluating, mitigating, and
and ethical standards, in compliance with Indonesia’s controlling workplace risks that could affect the safety,
regulations. health, and well-being of employees, customers, and
visitors.
We have various workplace safety and well-being • Conducting health and safety risk assessments to
policies and operational manuals that cater to the prevent incidents.
diverse needs of our workforce. Human Resources is • Managing facilities for preventive, reactive, and
responsible for implementing UOB Indonesia’s people planned repairs and maintenance.
philosophy of Care, Growth, and Trust, while Corporate • Addressing pandemic and infectious diseases.
Real Estate Services is responsible for the physical safety • Adhering to environmental commitments and targets.
and security of our premises.
Our Operational Risk Management requires business
Human Resources Policy and support units to report incidents and investigate
Our Human Resources Policy reflects our commitment the root causes of reported incidents. Corrective action
to providing employees with inclusive and flexible plans will be developed to prevent future occurrences.
work arrangements to better manage their work-life Units identifying OHS as a key operational risk must
needs. The UOB Indonesia Code of Conduct includes assess the effectiveness of controls during the annual
specific provisions on anti-discrimination, and we do Key Risk and Control Self-Assessment (KRCSA) exercise.
not tolerate any form of discrimination, bullying, or The combination of incident reporting and KRCSA
harassment. Through our Code of Conduct training, we facilitates the prompt identification and rectification of
educate employees on the importance of preventing ineffective OHS controls.
discrimination and harassment in the workplace.
Employees can report potential concerns or incidents We also take practical measures to reduce risks
through our secure Speak Up or whistleblowing channels, and ensure the safety and health of our colleagues,
without fear of retaliation. Corrective or disciplinary customers, contractors, and all individuals within UOB
action will be taken against any discriminatory behavior Indonesia-owned and managed buildings. These
or harassment. measures include:
• Communicating all relevant health and safety
Our Code of Conduct also requires employees to comply procedures.
with all relevant health and safety laws and guidelines, • Reviewing emergency response plans for our
and to promptly report any conditions at the workplace buildings, which detail actions to be taken to protect
that may pose a health, safety, or environmental risk. and evacuate occupants in various emergency
scenarios.
The UOB Indonesia Code of Conduct applies to all • Conducting contractor risk assessments to identify
individuals working for or in connection with UOB and minimize sources of risk.
Indonesia. Business associates, including third-party • Studying user patterns and utilization rates to
contractors, agents, consultants, vendors, and suppliers, optimize and create agile working environments.
are also subject to the Code where applicable. • Setting OHS requirements for all vendors, suppliers,
and contractors working at our premises or
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construction sites, ensuring compliance with We provide a number of basic facilities such as First
applicable laws and regulations, conducting risk Aid for Accidents (P3K) equipment, Lightweight Fire
assessments, and completing necessary training as Extinguishers (APAR), and others, which are regularly
mandated by government regulation. checked to ensure these facilities are in good condition
and can function properly.
The implementation of occupational health and safety
is reflected through the arrangement of office spaces Each of our premises has a designated floor and site
that adhere to the completeness and suitability of the warden, trained to handle emergency situations and
workplace environment, as well as security facilities. fire evacuations. We conduct regular socialization and
We equip our office building infrastructure with safety exercises every year according to government regulation
amenities such as fire extinguishers, fire detection systems, to ensure our employees understand the precautionary
and alarms as early warning devices, in addition to efforts measures and safety protocols during the evacuation
to increase alertness and prevent casualties. Simulations process.
of fires and natural disasters are also conducted regularly
to enhance awareness.
2024 Highlights
Building conducive and high-performance workplaces
• We upgraded our security infrastructure in our head office, to improve security and optimize access
control, provides a secure and efficient method for verifying authorized personnel, contributing to a
safer work environment.
• We conducted basic life support training to 66 employees across our head offices. The training was
delivered by a qualified doctor from local hospital, ensuring participants are equipped with essential
knowledge and practical skill to response effectively in medical emergency situations.
Caring for Employee Well-being
We approach employee well-being holistically, focusing on mental, physical, financial, and social wellness.
The bank provides comprehensive health insurance for employees and their dependents. UOB
Physical Plaza is equipped with fitness facilities to encourage exercise during free time.
Wellness
In the second quarter of 2024, we launched the Employee Assistance Programme (EAP) in
partnership with licensed therapists from Lembaga Psikologi Terapan Universitas Indonesia
Mental (LPTUI). This program offers professional mental health counseling, providing employees with
Wellness a safe space to seek guidance and support.
In 2024, a series of communications and initiatives were conducted to increase employee’s
financial literacy. The bank also initiated wider engagement with employee’s families through
the Kids @ Work program, fostering family connections by involving children in educational
Financial banking activities. Additionally, the Flexible Pension Contribution program gives employees
Wellness greater control over their pension funds.
Our flagship Heartbeat event, held annually, combines physical activities with corporate
social responsibility (CSR) initiatives. Employees participate in the Heartbeat Walk/Run and
Social contribute to meaningful causes through generous donations. Donations in 2024 went to
Wellness Rosa Foundation and Cicendo Special School, which support hearing-impaired children.
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Corporate Governance and Risk Culture
At UOB Indonesia, we are committed to strong governance and a robust risk
culture, ensuring accountability, fairness and transparency in our relationships
with our stakeholders. Upholding the highest standards of ethics and
governance, including values and knowledge related to risk awareness, risk-
taking and risk management, influences decisions and actions taken throughout
the organisation. This, in turn, helps to safeguard the long-term interests of our
stakeholders and the reputation of the Bank.
Our approach
UOB Indonesia’s strong corporate governance and Our corporate governance framework sets out the
risk culture are built on our values of Honourable, relationships among our BOC, BOD, shareholders and
Enterprising, United and Committed. It is based on a other stakeholders. It provides the processes and
partnership between our Board of Commissioners (BOC) structures to meet the objectives of the Bank and monitor
and Board of Directors (BOD), supported by a system of performance.
comprehensive risk frameworks, policies, methodologies,
tools and processes by which we operate, measure and
manage material risks and opportunities.
We evaluate our governance approach and risk
frameworks regularly, to ensure that they are up to date, Board
relevant and aligned with best practices. This helps us to leadership
ensure that we: Frameworks,
policies,
• Uphold ethical business practices; guidelines
Management
• Build investor confidence; and procedures
committees
• Attract and retain talents;
• Manage our resources effectively; Corporate
• Comply with applicable laws and regulations; and Governance
• Maintain good standing with our stakeholders,
resulting in long-term sustainable business
performance.
Risk appetite
and internal
External
controls
assurance
Regulatory
requirements
and guidelines
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The implementation of good corporate governance UOB Indonesia understands the importance of
encompasses governance structure, governance an effective and comprehensive risk management
processes, and governance outcomes, covering eleven implementation into all aspects and activities of the
elements of corporate governance. These include the Bank. A strong risk culture is vital to the long-term
execution of roles and responsibilities by the Board of sustainability of Bank’s business. The Bank governs
Commissioners, Board of Directors, and Committees, Risk Culture and Conduct Risk in Risk Management
as well as the development of the Bank's Strategic Framework, which provides guidance on ensuring
Plan. The Committees include the Audit Committee, that the risk culture and conduct risk of the Bank are
Risk Monitoring Committee, and Remuneration and systemically monitored and assessed, and areas of
Nomination Committee. concern proactively addressed. In addition, our risk
culture and conduct risk dashboard provide senior
Governance Structure management with a holistic and balance view of UOB
The bank’s organizational structure consists of BOC, Indonesia’s culture and conduct through five dimensions:
BOD, Committees, and Work Functions, all aligned with • Tone from above and employee feedback;
the bank’s needs and regulatory requirements. This • Voice of customer;
structure is further supported by comprehensive policies • Conduct risk;
and procedures, a robust management information • Anti-money laundering; and
system, and clearly defined roles and responsibilities. • Proactive risk management.
Governance Process To promote awareness of and to instill risk culture across
Governance effectiveness is measured by the fulfillment the Bank, we also:
of duties and responsibilities by the BOC, BOD, and • Require all employees to complete annual mandatory
Committees. The bank implements a three-lines-of- training, which reinforces risk-focused conduct in
defense model: areas such as the UOB Indonesia Code of Conduct,
1. First line – Risk-taking units (business/support units). data privacy, anti-money laundering, information
2. Second line – The Risk Management Unit and security and financial crime prevention;
Compliance Unit. • Require key business and support units to conduct
3. Third line – Internal Audit. annual self-assessments to evaluate their risk
culture;
Additionally, periodic audits conducted by the Internal • Foster deeper understanding and consistent
Audit Unit and External Auditors ensure the effective practice of risk management through internal
implementation of all policies, procedures, and the meetings and employee communications, and
bank’s management information systems. feature senior leaders’ views on risk culture, case
studies and lessons learnt;
Governance Outcome • Assess the understanding of the prevailing risk
In 2024, the bank has generally achieved positive results, culture across the Bank through risk management-
particularly in the following areas: related questions in our employee engagement
• Transparency in reporting. surveys; and
• Compliance with laws and regulations, with • Assess senior management committees’
continuous efforts to strengthen the bank’s openness and robustness to challenges and their
compliance culture. considerations of risks in their decision-making
• Consumer protection, including adherence to process.
personal data protection principles.
• Objectivity in assessments and audits. We also ensure that through our ‘Speak Up’ channels
and the UOB Indonesia Whistle-blowing Policy, our
colleagues can share their views or raise matters of
potential concern in a secure manner without fear of
reprisal.
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2024 Highlights
The Bank has conducted a self-assessment of its implementation of good corporate governance, achieving
positive results. However, the Bank recognizes areas for improvement, including its internal control system.
As part of corrective measures to address these areas, the Bank has taken several actions, including:
• Proactively reaching out to relevant divisions during new policy development.
• Providing guidance throughout the year via various working groups.
• Strengthening the implementation of risk-based KPIs to reinforce compliance expectations.
Initiatives Rolled Out in 2024 to Strengthen Risk Culture
To further enhance the Bank’s risk culture, the following initiatives have been introduced:
• Establishment of the Business Risk and Control Management (BRCM) function in key business and
support units. This dedicated function assists in managing operational risks within respective business
units, acting as the central liaison for operational risk management activities.
• Launch of the Risk Culture Award to recognize employees who demonstrate strong risk-focused
behaviors in their daily responsibilities.
• Ongoing publication of an email communication series featuring senior leaders sharing insights on the
importance of building a strong risk culture.
• Embedding risk awareness campaigns to promote a risk-conscious mindset among employees through
various forums (e.g., Start of the Year, CEO town hall, BRCM forums), emphasizing resilient risk practices
to support sustainable growth and operational resilience.
• Regular socialization of lessons learned from operational risk issues to enhance employee awareness.
Additionally, the Bank has implemented a consequence management framework, ensuring disciplinary
action for employees who commit misconduct.
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Regulatory Compliance
UOB Indonesia upholds the highest ethical standards by complying with
international and local laws and regulations. We are committed to preventing
financial crime, including insider trading, money laundering, bribery, corruption,
and fraud. This commitment helps ensure that UOB remains a source of stability,
security, and strength for our stakeholders, while contributing to the integrity
and trust of the financial system.
Our Approach Employees including management and contingent
UOB Indonesia is dedicated to safeguarding the workers are required to complete online learning
interests of our stakeholders, including regulators, modules and assessments, as well as annual refresher
and maintaining the trust they place in us. Regulatory training on the following topics:
compliance is a top priority, and we respect and comply
with local laws and regulations. • The UOB Code of Conduct.
• Insider trading and market misconduct.
We closely monitor regulatory and industry developments • The Foreign Account Tax Compliance Act (FATCA).
and actively engage with regulators, policymakers, • The Common Reporting Standard (CRS).
law enforcement agencies, and internal stakeholders, • Anti-money laundering/countering the financing of
including our Board of Commissioners and Board of terrorism (AML/CFT) and sanctions.
Directors, for regular updates. We ensure that robust • Anti-bribery and corruption (including the UK Bribery
protocols and processes are in place to address evolving Act 2010).
regulatory requirements. These include identifying, • Fraud awareness.
assessing, monitoring, and managing regulatory
compliance risks. All Board of Commissioners, Board of Directors and
committee members also receive regular training on
To protect the integrity of the financial system and its topics including AML/CFT and sanctions, anti-bribery
users, UOB Indonesia continually assesses, adjusts, and anti-corruption, and anti-fraud.
and strengthens our policies, processes, and systems
to enhance our ability to mitigate the risks of financial Employees, business associates, and the public can
crime. report concerns of suspected or actual wrongdoing
confidentially and securely, without fear of reprisal.
The UOB Indonesia Code of Conduct outlines principles of Reports can be submitted via mail or email to the Head
personal and professional conduct and the requirement of Internal Audit, the President Director, or the Chairman
for all employees to uphold the highest ethical of the Audit Committee.
standards. Business associates, including third-party
contractors, agents, agency staff, consultants, vendors, Such reports may relate to corruption, fraud, or potential
and suppliers, are also subject to the Code, along with violations of laws, regulations, or policies within UOB
all other applicable policies or standards established Indonesia, including breaches of the Code of Conduct.
by UOB Indonesia and local laws. We maintain a zero- All reports are kept confidential and are investigated
tolerance policy toward breaches of the UOB Indonesia independently by Internal Audit, Anti-Financial Crime
Code of Conduct. Investigation & Intelligence (AFC I&I) for internal fraud
allegations, AFC Operations in the respective business
units for external fraud allegations, or Human Resources
for complaints related to employment or non-fraud
misconduct.
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Internal Audit provides regular updates on whistle-blower Additionally, we have dedicated Country Money
reports to the Board of Commissioners, Audit Committee, Laundering Reporting Officers. All employees must
President Director, Risk Management Director, and comply with the Group AML/CFT/Sanctions Policy and
Compliance, Legal, and Corporate Secretary Director. applicable AML/CFT and sanctions laws. Employees
found in breach may face strict disciplinary action,
Prohibition of Insider Trading including dismissal.
All employees are required to adhere to the UOB
Indonesia Staff Trading Policy, which prohibits insider We continue to invest in our people, systems, processes,
trading. Failure to comply may result in disciplinary action. and tools, incorporating advanced data analytics to
Our pre-trade clearance system requires employees who strengthen our risk surveillance capabilities, helping to
may have access to inside information to declare and detect, deter, and prevent money laundering, terrorist
seek approval before engaging in securities transactions. financing, and sanctions circumvention.
In addition, the Compliance Function regularly reviews
securities transactions to detect potential violations. Preventing Bribery and Corruption
UOB Indonesia takes a strong stance against bribery
Adhering to Global Tax Transparency and and corruption, and our Code of Conduct specifies
Compliance zero tolerance for bribery and corruption in all forms.
The Common Reporting Standard (CRS) is an We require employees, contractors, vendors, and other
internationally agreed standard for the automatic stakeholders to comply diligently with our anti-bribery
exchange of financial account information between and anti-corruption provisions.
jurisdictions for tax purposes, to combat tax evasion
and ensure tax compliance. The CRS requires financial Under our Policy on Managing Legal Risks, business and
institutions in participating jurisdictions to identify, support units are required to identify, assess, monitor,
collect, and annually report tax residency information and report legal risks, including corruption risks, within
of customers in jurisdictions with which agreements to their respective areas of responsibility. Legal provides
exchange information are in place. advisory support for compliance with anti-bribery and
anti-corruption laws and for managing identified risks.
UOB is committed to complying with the provisions
of the CRS in Indonesia, governed by POJK No.25/ We also regularly review and communicate applicable
POJK.03/2019. anti-bribery and anti-corruption policies and procedures,
including ensuring that specific terms and conditions are
Upholding High AML/CFT and Sanctions included in contracts when required.
Standards
UOB Indonesia has implemented a robust AML/CFT and UOB Indonesia proactively manages fraud risks through
sanctions framework, governed by POJK No.8 2023 and a comprehensive governance framework. The Anti-Fraud
SEOJK No.32/SEOJK.03/2019, to detect and prevent risks Policy outlines the roles and responsibilities of the First
associated with money laundering, terrorist financing, Line, Second Line, and Third Line of defense within the
and sanctions violations. This framework includes Three Lines Model. The policy focuses on six pillars:
programs for risk assessment, employee training, • Prevention
customer due diligence, transaction monitoring, and • Detection
the investigation and reporting of potential suspicious • Response
activities to relevant regulatory bodies. We periodically • Resolution
review our policies, procedures, guidelines, and systems • Optimization
to ensure they are robust and comply with regulatory • Reporting
requirements. Our internal and external auditors also
audit the framework and associated programs.
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All First Line business and support units receive structured We continually invest in fraud monitoring and detection
fraud awareness training to enhance our ability to detect systems across our people, processes, and systems.
internal and external fraud. The First Line also includes Fraud risks are also assessed as part of UOB Indonesia’s
business risk and control management teams (Line 1.5), annual Key Risk and Control Self-Assessment exercise.
which provide support and advisory in designing and
implementing internal controls, conducting fraud risk Through frequent customer communications including
assessments, and providing management information. email, official social media, the mobile banking app, in-
Audit, as the Third Line of defense, conducts independent branch screens, and social media channels, we promote
assessments of the reliability, adequacy, and greater customer awareness of fraud prevention. These
effectiveness of UOB Indonesia’s internal controls, risk communications include Scam alerts and educational
management, and governance processes in managing videos on preventing fraud.
financial crime risks.
2024 Highlights
In building and raising Anti-Fraud Awareness for its employees, UOB Indonesia has
continuously conducted training and communication on anti-fraud topics:
• Enhanced employee training through online or in-class sessions across UOB branches in
Indonesia, covering anti-fraud topics and sharing lessons learned from past cases, red
flags, and new fraud tactics.
• Regular Electronic Distribution Messages (EDMs) to all employees to keep them updated
on the latest scam or fraud trends.
• Supported the Indonesia Anti-Scam Centre (IASC) initiative by OJK and actively
participated as a member to combat and mitigate fraud in the financial industry.
• Contributed to the financial sector’s collective efforts to combat fraud by participating
in Asosiasi Sistem Pembayaran Indonesia (ASPI) and collaborating on regulations for
handling fund transfer transactions flagged as fraud.
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Information Security
UOB Indonesia stands steadfast in safeguarding our data and assets against
evolving cyber threats. We employ advanced monitoring, detection and rapid
response strategies to prevent, detect and respond to potential external cyber-
security threats. By continually strengthening our organizational and technical
capabilities, we seek to maintain the highest standards of operational integrity
and resilience of our systems and infrastructure.
Our Approach
Our commitment to maintaining the highest standards 2024 Highlights
of data privacy and cybersecurity is reflected in the
following principles:
• Ensuring Responsible Data Management – We In compliance with POJK 11/2022 on The Provision
enforce stringent guidelines and conduct awareness of Information Technology in Commercial Banks and
programs to safeguard data confidentiality and SEOJK 29/2022 on Resilience and Cyber Security
privacy. Our approach aligns with prevailing data for Commercial Banks, we have implemented the
protection laws, internal business sensitivities, and latest revisions to our Information Technology
evolving regulatory requirements. Security Management and Cyber Resilience Policy.
• Strengthening Cybersecurity Measures – We Additionally, in accordance with Law No. 27 of 2022
continuously enhance our cybersecurity capabilities on Personal Data Protection, we have introduced
to counter emerging threats and adapt to the a Personal Data Protection Policy, governing the
evolving security landscape, ensuring the protection handling, security, and management of personal
of both UOB Indonesia’s data and our customers' data within the Bank.
information.
• Fostering a Security-First Culture – We promote
the principle that cybersecurity is everyone’s
responsibility. Through mandatory training, we
Cybersecurity Certifications and Risk
equip all employees with the necessary knowledge
Mitigation
and skills, consistently achieving a 100% pass rate.
As part of our commitment to high security standards,
UOB Indonesia successfully retained its ISO 27001:2022
Our commitment to a robust and secure information
certification for the Information Security Management
system that supports business strategies and banking
System. This certification covers Development,
operations is reinforced by a team of skilled professionals
Operations, and Customer Databases for TMRW,
with the expertise to manage and protect the Bank’s
Personal Internet Banking, and Infinity applications. An
digital infrastructure.
independent external audit reaffirmed our certification,
with no major issues identified.
To mitigate the risks associated with unauthorized data
access or leaks, we have implemented a multi-layered
Data Loss Prevention (DLP) within the Bank systems.
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Cybersecurity Assessments and Employee Strengthening Security Infrastructure
Awareness On the technology front, we continue to enhance
To further strengthen our cybersecurity framework, we our security infrastructure through innovative data
conducted a Cyber Security Maturity Assessment (CSMA) protection measures. In 2024, we introduced several new
in December 2024 to evaluate our cyber resilience, initiatives related to keeping emails safe and protected,
alongside a Digital Maturity Assessment (DMA) to assess marking digital content for security, and organizing and
our progress in digital transformation. These evaluations protecting information.
help us identify areas for improvement and ensure our
security strategies remain effective. These initiatives further protect customer data and
minimize the risk of breaches.
Raising awareness of information security among
employees is also a key priority. In 2024, we expanded Commitment to Compliance and Cyber
our Information Security Awareness Programs, utilizing Resilience
various communication channels such as Electronic To reinforce our cybersecurity framework, all UOB
Direct Mail (EDM), posters, and phishing simulations. Indonesia employees undergo annual mandatory
These initiatives covered critical topics such as data information security training. In 2024, all employees
security protection, maintaining data confidentiality, successfully completed the training, demonstrating full
current cyberattack trends, how to identify and avoid compliance with our security protocols.
phising, and the risk of external partnership.
Throughout the year, the Bank has not faced any legal
In addition, the Bank organized an Information Security claims related to cyber incidents or breaches of personal
Roadshow in September 2024 to reinforce a security- data. Our proactive cybersecurity strategy includes
aware culture and emphasize the role of each employee continuous enhancements to defense mechanisms
in protecting sensitive data and ensuring system and operational models, effectively mitigating risks.
integrity. These initiatives contribute not only to the security of
our institution but also to the broader stability of the
financial system and public trust in the banking industry.
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Direct Environmental Impact
At UOB Indonesia, we are committed to conserving resources and reducing
greenhouse gas emissions, recognizing the importance of safeguarding the
environment for the well-being of our stakeholders and future generations.
We acknowledge the direct environmental impact of our operations and
are focused on mitigating our carbon footprint as our business grows. Our
strategy combines energy efficiency initiatives with a culture of environmental
stewardship in the workplace. By empowering employees to adopt sustainable
practices, we aim to further reduce our environmental impact and promote
long-term sustainability.
Our Approach
The primary environmental impact of our operations stems from the consumption of electricity, water, fuel, and other
resources, as well as waste generation. To address this, we focus on energy conservation and resource management
through energy efficiency programs and comprehensive waste management strategies. These efforts help minimize
resource consumption and significantly reduce landfill waste, supporting our broader environmental goals and
contributing to a more sustainable future.
Energy Renewable Carbon
Efficiency Energy Offsets
We added sustainability features We use clean energy sources We use high-quality carbon
across our buildings including: through the procurement of offsets registered with
• more energy-efficient LED high-quality Renewable Energy international standards such
lighting systems; Certificate (RECs) from renewable as the Gold Standard and
• optimisation and upgrading energy projects registered with Verified Carbon Standard for
of air conditioning systems to international registries such as our remaining carbon emissions,
improve energy efficiency. International Renewable Energy through projects such as solar
Certficate (I-REC) or Tradeable energy projects and cleaner
Instrument for Global Renewable cookstove projects.
(TIGR).
Energy Efficiency
We are committed to responsible resource management and carbon emissions reduction. Our focus on energy
efficiency stems from the understanding that electricity consumption is a key source of our Scope 1 and 2 greenhouse
gas (GHG) emissions.
To address this, we encourage employees to adopt simple yet impactful measures, such as switching off non-essential
lighting, optimising air conditioning usage during operational hours, and using energy-efficient equipment where
feasible. These daily actions reflect UOB Indonesia's dedication to fostering a culture of resource conservation.
362 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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We adopt innovative, energy-efficient technologies. A Carbon Offsets
key initiative in this effort is the gradual transition from While our primary focus is on reducing energy
conventional lighting to LED systems across our offices. consumption and increasing the use of renewable energy,
we acknowledge that certain emissions particularly
While our overall electricity consumption (excluding Scope 1 and Scope 3 non-financed emissions are difficult
data centres) has grown, we have successfully reduced to eliminate entirely. For these hard-to-abate emissions,
electricity use intensity by 7.6% from 2023. Building we rely on carbon offsets.
on this progress, we are evaluating the feasibility of
extending energy-efficient retrofits to branches, further Our Scope 1 emissions primarily stem from fuel use in
advancing our goal of reducing energy consumption company vehicles, power generators, and refrigerants.
and supporting broader environmental sustainability To mitigate these emissions, we have invested in
objectives. high-quality carbon offsets certified by international
standards.
Renewable Energy
Over the medium to long term, we aim to increase the Waste Management
generation and use of renewable energy through on-site Since 2019, we have actively worked to minimise
solar installations and the procurement of Renewable inorganic waste sent to landfills. By partnering with
Energy Certificates (RECs). third-party waste management companies, we ensure
proper recycling of both organic and inorganic waste,
In a significant step toward renewable energy adoption, significantly reducing landfill disposal. This initiative
we installed and commissioned photovoltaic (PV) panels is integral to our commitment to sustainability and a
at our Wahid Hasyim office, contributing to a total circular economy.
renewable energy production of 62 MWh in 2024. This
aligns with our broader strategy to integrate sustainable To improve waste segregation, we have introduced
practices into our operations and reduce reliance on dedicated bins for paper, inorganic, and organic waste
conventional energy sources. across our office buildings. Additionally, we collaborate
with specialised waste management companies to
Additionally, we are committed to ensuring our electricity oversee waste handling and recycling at our head
consumption across our head office, branch offices, offices and nine other locations. Our approach aligns
data centres, and electric vehicle fleet is supported with the 'Zero Waste to Landfill' concept.
by renewable sources. To achieve this, we have
purchased and traded 20,092 RECs from Indonesia's While recycled materials have not been integrated
geothermal energy sector. These RECs are certified by into our core operations, we prioritize environmentally
the International Renewable Energy Certificate (I-REC), friendly materials where possible. This include using eco-
ensuring authenticity and compliance with global friendly cleaning agents and purchasing office paper
sustainability standards. certified by Sistem Verifikasi Legalitas Kayu (SVLK) and
Programme for The Endorsement of Forest Certfication
Indonesia Forest Certification Cooperation (PEFC-IFCC)
ensuring that raw materials come from sustainabilty
managed forests.
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Sustainability Report | Uphold Corporate Responsibility
Water Conservation
We source water from various suppliers, primarily the 2024 Highlights
Regional Drinking Water Company (PDAM), depending
on local availability. This ensures a consistent water
supply while considering regional water resources.
• Replaced approximately 1,000
non-LED lights with LED lights,
To promote sustainable water management, we regularly leading to an estimated annual
maintain water installations, install water-saving energy savings of 79,900 kWh.
faucets, and conduct conservation campaigns. These • Purchased and traded 20,092
efforts encourage responsible water usage and raise
Renewable Energy Certificates
employee awareness, supporting broader community
sustainability.
(RECs) from Indonesia’s geothermal
energy sector.
Biodiversity • Acquired 2,452 carbon offsets,
UOB Indonesia is committed to preserving biodiversity certified by the Verified Carbon
and ensuring our activities do not negatively impact Standard (VCS) and the Gold
ecologically significant areas. Our operations and
Standard, to mitigate Scope 1
managed assets are not located in or near protected
regions, safeguarding these environments from
and Scope 3 (business air travel)
disruption. emissions.
• Excluding data centres, combined
Scope 1 and Scope 2 emissions
intensity (kgCO2e/m2) reduced by
13.2% compared with 2018.
• Successfully diverted 49% waste
disposal from landfill, reinforcing
our commitment to improved waste
management and sustainability.
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Sustainable Procurement
UOB Indonesia seeks to align our procurement activities with our environmental,
social and governance (ESG) objectives to support the protection of ecological
and societal well-being, including human rights. This is integral to our ethos of
responsible business practices.
Our approach
Our approach to addressing the ESG risks and impacts of our operations extends to the procurement of products
and services from suppliers, which include any third party, company or individual that provides a product or service
to us. We seek to engage suppliers who demonstrate strong commitment to robust corporate governance, stringent
regulatory compliance, uphold human rights, ethical labour practices and environmental stewardship, and provide
a safe and healthy workplace for all employees. We understand that there are ESG risks associated with our
suppliers’ activities and that the risks will vary depending on their sector, size and location. UOB Indonesia Supplier
Sustainability Principle covers corporate governance and compliance, labour and human rights, and environmental,
health and safety.
2024 Highlights
Expanded pilot of Supplier Sustainability Principles from
7 material suppliers in 2023 to 25 in 2024.
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Sustainability Report | Uphold Corporate Responsibility
Community Stewardship
UOB Indonesia is committed to the well-being of the communities where we
operate, supporting social development through our focus on art, children, and
education. We believe these areas are essential for societal progress. Over the
decades, our efforts have supported underprivileged individuals, those with
special needs, and individuals with unrealized talent.
Our approach
Our corporate social responsibility (CSR) initiatives are driven by the UOB Indonesia Heartbeat CSR programme,
which aims to foster sustainable development and more inclusive societies across the region. We implement this
through our 3Ps framework:
• Corporate philanthropy
• Stakeholder partnerships
• Employee participation
The UOB Indonesia CSR Procedures ensures that our activities are strategic, impactful, and aligned with our business
direction, fostering sustainable growth for the communities we support.
UOB Painting of the Year (POY) Competition
We believe art is important in fostering social
inclusiveness and UOB has been supporting artists
and engaging communities across Asia for more
than four decades. Our flagship UOB Painting of
the Year (POY) competition provides an opportunity
to established and emerging Indonesian artists to
demonstrate their artistic talents and gain recognition
in Southeast Asia. Since its inauguration in Indonesia
in 2010, it has discovered and fostered the talents of
more than 100 outstanding artists in Indonesia.
Promoting environmental stewardship
We encourage the adoption of environmentally-sustainable practices among our colleagues and the community.
We engage with like-minded partners, including social service agencies and corporates, to organise eco-excursions,
educate children on sustainability and support marginalised communities
Supporting the disabled communities
UOB Indonesia is committed to cultivating an inclusive society. We initiated sign language classes, providing
colleagues the opportunity to practice sign language communication and take part in building an inclusive
environment for the hearing impaired.
366 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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2024 Highlights
Making art more accessible in the community
As one of the leading financial institutions deeply committed to supporting art, UOB Indonesia is dedicated
to nurturing artists and recognising their contributions to the vibrant art scene. To launch the 14th UOB
Indonesia Painting of The Year competition, UOB Indonesia introduced a culinary initiative “Palette to Plate:
When Art Meets Flavour”, aimed to enhance public appreciation for art while inviting them to experience
the fusion of flavour and creativity. By bringing elements of art and food together, we aim to inspire and
engage the public through a multi-sensory exploration of artistic expressions.
Spreading Compassion Through Art
In celebration of the spirit of giving during Ramadan, UOB TMRW Indonesia launched a campaign titled 'Act
with Good Intentions,' promoted through our social media channels. We invited over 100,000 followers to
share their experiences via Instagram Stories. The campaign generated more than 510 compassion stories,
which were used to design art kits and their digital applications. These kits were distributed to 600 children
from six foundations in Indonesia.
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Sustainability Report | Uphold Corporate Responsibility
2024 Highlights
Supporting Deaf Communities
In 2024, our colleagues participated in sign-language
classes and visited deaf communities in Jakarta,
Bandung, and Semarang, including Sekolah Luar Biasa
(SLB) Santi Rama, SLB Cicendo, and SLB Negeri Semarang.
During these visits, they performed local children’s songs
in sign language, educated the deaf communities on
how to open bank accounts, use customer service chat
features, and recognize counterfeit money. Additionally,
we distributed hearing aids worth nearly IDR100 million.
Amplifying our giving efforts
UOB supported marginalized youth through sports
by having our colleagues with basketball expertise
volunteer and train them, as well as donate basketball
infrastructure. This included building new hoops and
repairing existing ones at Ruang Publik Terpadu Ramah
Anak Gondangdia, Jakarta. Additionally, our senior
management and colleagues spent quality time with the
youth during Ramadan in partnership with the Sekolah
Cinta Anak Indonesia (SEKOCI) Foundation.
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In December 2024, the winning team of the Branch
Sustainability Festival participated in the program
'Planting 1,000 Mangroves with UOB Indonesia' in
Wonorejo, Surabaya. The event was organized in
partnership with Lindungi Hutan, an online crowd-
planting platform aimed at planting as many
mangroves as Indonesia’s population. This activity
was carried out together with the local coastal
residents.
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Sustainability Report
Index and Feedback Form
371 POJK 51/2017 Index [OJK G.5]
373 Response to Feedback from Previous
Year’s Report
374 Feedback Form
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POJK 51/2017 Index [OJK G.5]
Index No. Index Name Page
SUSTAINABILITY STRATEGY
A.1 Explanation Sustainability Strategy 326
SUSTAINABILITY PERFORMANCE HIGHLIGHTS
B.1 Economic Performance Highlights 324
B.2 Environmental Performance Highlihts 324
B.3 Social Performance Highlights 324
COMPANY PROFILE
C.1 Vision, Mission, and Value of Sustainability 48
C.2 Company’s Address 43
C.3 Scale Enterprises 42-43
C.4 Products, services and business activities 43
C.5 Member of Association 43
C.6 Change of Significant Organization 69
DIRECTORS STATEMENT
D.1 Directors Statement 35
SUSTAINABILITY GOVERNANCE
E.1 Management of Sustainable Finance Implementation 329
E.2 Competency Development related Sustainable Finance 330
E.3 Risk Assessment for Sustainable Finance Implementation 242
E.4 Stakeholder Engagement 326
E.5 Challenges of Sustainable Financial Implementation 331
SUSTAINABILITY PERFORMANCE
F.1 Building A Culture of Sustainability 340
ECONOMIC PERFORMANCE
F.2 Comparison of performance targets and production, portfolios, financial 335
targets, or investment, revenue and profit and loss
F.3 Comparison of performance targets and production, portfolios, financial 338
targets, or investment on Financial Instruments or projects in line with
Sustainable Finance Implementation.
ENVIRONMENTAL PERFORMANCE
General
F.4 Environmental Costs 362
Material Aspects
F.5 The Use of Environmentally Friendly Materials 362
Energy Aspects
F.6 The number and the intensity of energy use 379
F.7 The efforts and achievements made energy efficiency including the use 363
of renewable energy sources
Water Aspects
F.8 Water Consumption 379
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Sustainability Report
Index No. Index Name Page
Biodiversity Aspects
F.9 The impact of operational areas near or in the area of conservation or 364
biodiversity
F.10 Biodiversity conservation efforts 364
Emission Aspects
F.11 The number and intensity of emissions produced by type 379
F.12 The efforts and achievement of emission reductions undertaken 379
Aspect of Waste and Effluents
F.13 The amount of waste and effluent generated by type 379
F.14 Waste and Effluent Management Mechanism 365
F.15 Spill that occurred (if any) 365
Aspect of environmental complaints
F.16 The number and material environmental complaints received and -
resolved.
SOCIAL PERFORMANCE
F.17 The Company’s commitment to deliver products and/or services 346
equivalent to the consumer
Employment Aspects
F.18 Equality of employment opportunities 116, 348
F.19 Child Labor and Forced Labor 348
F.20 The Minimum Wage 116, 347
F.21 Environmental work decent and safe 351
F.22 Training and Competency Development for Employees 117
Community Aspects 366
F.23 Operational Impacts to Local Communities 236
F.24 Public complaints 367-369
F.25 Environmental Social Responsibility Activity 344
Responsibility on the development of Sustainable Finance products
and/or services:
F.26 Innovation and development of Sustainable Finance products and/or 342
services
F.27 Customer Safety 341
F.28 Impact of Products/Services 341
F.29 The number of products recalled 341
F.30 Survey of customer satisfaction 341
OTHERS
G.1 Written verification from independent parties (if any) -
G.2 Feedback Sheet 374
G.3 Response to Previous Year’s Report Feedback 373
G.5 POJK 51/2017 Index 371
372 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Response to Feedback from Previous Year’s Report
We highly value stakeholders' feedback on our Sustainability Report as it helps
us improve the quality and relevance of our disclosures. However, we did not
receive any feedback on our previous year’s report. Nonetheless, we remain
committed to continuous improvement and welcome any insights or suggestions.
We encourage stakeholders to share their feedback by completing the feedback
form available in this report, as your input is invaluable in shaping our future
sustainability disclosures.
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 373
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Sustainability Report
Feedback Form
Your response to the questions below are valuable to us and we welcome your feedback.
No. Question Yes No
1. This report contains useful information. { } { }
2. This report is easy to understand. { } { }
3. This report has encouraged me to contribute towards sustainability. { } { }
How important/interesting are the following aspects: (Scale 1-10)
4. Economic Performance
5. Social Performance
6. Environment Performance
7. What other information should be included in the next report?
8. What kind of contribution does the Bank need to sustainability improve?
9. Any other feedback:
Stakeholder Profile
( ) Shareholder/Investor ( ) Employee ( ) Consumer ( ) Public ( ) Government
( ) Business Partner ( ) Media ( ) NGO ( ) Others
Contact Us
Inquiries, suggestions or feedback on this sustainability report can be addressed to:
PT Bank UOB Indonesia +62 21 2350 6000 UOB Indonesia,
sustainability@uob.co.id
(hunting) TMRW Indonesia
UOB Plaza
Jl. M.H Thamrin No. 10 +62 21 2993 6632 www.uob.co.id uobcards.id,
DKI Jakarta 10230 TMRWIndonesia
Indonesia 14008
UOB Indonesia
374 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Sustainability Report
Sustainability Highlights
Economic Performance
Description Unit 2024 2023 2022
Operating Profit IDR billion 608 917 1,136
Net Profits IDR billion 406 675 951
Financing for Sustainable Business Activities (POJK 51 IDR billion 19,436 16,082 15,717
Framework)
Corporate Income Tax IDR billion 159 237 197
Financing for Sustainable Business Activities
Description Unit 2024 2023 2022
Renewable energy IDR billion 202 242 1,871
Energy efficiency IDR billion 224
Resource management and sustainable land use IDR billion 4,926 2,219 2,110
Environmentally friendly transport IDR billion 11
Products that can reduce resource use and pollution IDR billion 1,201 759 651
(eco-efficient)
Green Buildings that Meet Nationally, Regionally, or IDR billion 1,134 717 0
Internationally Recognised Standards or Certifications
Business Activities and/or Other Activities from Other IDR billion 1,138 1,089 421
Eco-Friendly Business Activities
Micro, Small, and Medium Enterprises 10,599 11,055 10,664
Sustainable finance classification POJK 51 IDR billion 19,436 16,082 15,717
Total Loans IDR billion 100,412 84,023 85,535
Sustainable Financing to total loans % 19.3 19.1 18.4
NPL of MSME lending % 3.9 5.8 7.3
Financial Inclusion
Description Unit 2024 2023 2022**
Number of schools visited through outreach* Unit 7 6 2
Number of new student-held accounts** Unit 673 931 901
New funds in student-held accounts IDR billion 41 35 25
*) Pandemic period.
**) New student-held accounts opened in 2022 originated from both virtual and physical general product programmes.
376 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Social Performance
Employee Composition by Gender
Description Unit 2024 2023 2022
Female % 46 47 48
Male % 54 53 52
Total Employee unit 4,002 4,252 3,273
Composition of the Board of Commissioners and Directors by Gender
Description Unit 2024 2023 2022
Female % 86 93 92
Male % 14 7 8
Employee Training
Description Unit 2024 2023 2022
Total trainees for all courses (double-counted if Unit 82,563 100,836 93,127
trainees attended multiple courses)
Total training hours Hour 194,344 188,973 216,654
Total number of employees trained Unit 4,412 4,590 3,687
Man-days per headcount Man-days 5.5 5.2 8.3
Mandatory e-learning Completion Rate % 100 100 100
New employees Completion Rate % 100 100 100
Refresher Completion Rate % 100 100 100
Environmental Performance
Description Unit 2024 2023 2022
Fuel Consumption* Gigajoule 19,541 18,674 18,106
Electricity Consumption** GWh 20.1 18.1 17.2
Water Consumption Thousand m 3
99.3 93.9 98.0
PEFC-IFCC Certified Paper*** Metric Ton 52.9 44.8 37.9
*) Fuel consumption for diesel generator & transportation.
**) Electricity consumption for offices, branches and data centers.
***) PEFC-IFCC Certified paper is office paper such as photocopy paper/HVS.
Greenhouse Gas Emissions
Description Unit 2024 2023 2022
Scope 1 greenhouse gas emissions Ton CO2 Eq 1,634 1,583 1,344
Scope 2 greenhouse gas emissions Ton CO2 Eq 15,808 14,074 13,270
Scope 3 greenhouse gas emissions (business air travel) Ton CO2 Eq 817 1,480 528
Total Emissions Ton CO2 Eq 18,529 17,137 15,142
Note:
- Scope 1 emissions include direct carbon emissions from vehicle fuel consumption, diesel generators, and fugitive gas emissions from refrigerants
- Scope 1 and Scope 2 emissions are calculated based on location-based GHG conversion factors from international standards by the United
Kingdom Department for Environment, Food and Rural Affairs (DEFRA) and the International Energy Agency (IEA) respectively. Scope 3 data is
computed using the distance-based method, in accordance to the ticket class, using data from the UK Government GHG Conversion Factors for
Company Reporting version 1.1 – 2024
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 377
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Sustainability Report
Economic Performance
Description Unit 2024 2023 2022
Total Assets IDR billion 156,142 162,546 138,276
Loans portfolio IDR billion 100,412 84,023 85,535
Deposits from Customers IDR billion 116,912 119,283 113,917
Net Profit IDR billion 406 675 951
Performance Ratio
Capital Adequacy Ratio % 16.5 18.3 16.6
Non-Performing Loan - gross % 2.1 2.6 2.9
Non-Performing Loan - net % 1.1 1.4 1.7
Return on Asset (ROA) % 0.4 0.6 0.9
Return on Equity (ROE) % 2.6 4.4 6.7
Net Interest Margin (NIM) % 3.9 3.9 3.9
Operating Expenses to 95.6 92.3 87.7
%
Operating Income
Loan to Deposit Ratio (LDR) % 85.9 69.9 73.2
Economic Value Generated and Distributed
Description Unit 2024 2023 2022
Interest income - net IDR billion 5,844 5,357 5,140
Other operating income - net IDR billion 1,653 1,374 1,396
Non-operating income -net IDR billion (43) (5) 12
Salary and benefit IDR billion 2,868 2,386 2,038
Corporate income tax IDR billion 159 237 197
Sustainable Finance Portfolio
(in billion Rupiah)
2024 2023 2022
19,436 16,082 15,717
Student-Held Accounts Unit 2024 2023 2022
Number of accounts Unit 673 931 901
Balance IDR billion 41 35 25
378 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
Page 381
Statement of the Members of Board of Commissioners and
Board of Directors regarding Responsibility for 2024 Annual
Report of PT Bank UOB Indonesia
We, the undersigned, hereby declare that all information in the 2024 Annual Report of
PT Bank UOB Indonesia has been completely presented, and we are fully responsible for the accuracy of
the content of this Annual Report.
This statement is hereby made truthfully.
Jakarta, April 2025
Board of Commissioners
Wee Ee Cheong Chin Voon Fat Chan Kok Seong
President Commissioner Deputy President Commissioner Commissioner
Wayan Alit Antara VJH Boentaran Lesmana Johanes Susilo
Independent Commissioner Independent Commissioner Independent Commissioner
Board of Directors
Hendra Gunawan Teh Han Yi Paul Rafiuly Harapman Kasan
President Director Director Director Director
Sonny Samuel Henry Santoso Cristina Teh Tan Ardhi Wibowo
Director Director Director Compliance Director
379 PT BANK UOB INDONESIA | ANNUAL REPORT 2024
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Financial
Report
PT BANK UOB INDONESIA | ANNUAL REPORT 2024 380
Page 383
PT Bank UOB Indonesia Laporan keuangan tanggal 31 Desember 2024 dan untuk tahun yang berakhir pada tanggal tersebut beserta laporan auditor independen/ Financial statements as of 31 December 2024 and for the year then ended with independent auditor’s report
Page 384
uoB PT Bank UOB Indonesia
Head Office
JI. M.H. Thamrin No. 10
Jakarta 10230
Tel (021) 2350 6000
Fax (021) 2993 6632
www.uob.co.id
No. 25/DIR/0070
SURAT PERNYATAAN DIREKSI DIRECTORS' STATEMENT
TENTANG REGARDING
TANGGUNG JAWAB ATAS THE RESPONSIBILITY FOR
LAPORAN KEUANGAN THE FINANCIAL STATEMENTS
PADA TANGGAL 31 DESEMBER 2024 AS OF 31DECEMBER 2024
DAN UNTUK TAHUN YANG BERAKHIR AND FOR THE YEAR THEN ENDED
PADA TANGGAL TERSEBUT PT BANK UOB INDONESIA
PT BANK UOB INDONESIA
Kami yang bertanda tangan di bawah ini / We, the undersigned:
1. Nama/Name HENDRA GUNAWAN
Alamat Kantor/Office Address Gedung UOB Plaza JI. M.H. Thamrin No. 10
Jakarta Pusat10230
Alamat Domisili/Address of Domicile Jalan Cikini Raya No. 20, Jakarta Pusat
Nomor Telepon/Phone Number (62-21) 23506000
JabatanlPosition Direktur Utama l President Director
2. Nama/Name TEH HAN YI
Alamat Kantor/Office Address Gedung UOB Plaza JI. M.H. Thamrin No. 10
Jakarta Pusat10230
Alamat Domisili/Address of Domicile Shangri-La Residence, JI. Jend. Sudirman Kay.1 Jakarta Pusat
Nomor Telepon/Phone Number (62-21) 23506000
Jabatan/Position Direktur Keuangan dan Layanan Korporasi /
Finance and Corporate Services Director
menyatakan bahwa: declare that:
1. Kami bertanggung jawab atas penyusunan dan 1. We are responsible for fhe preparation and presentation
penyajian laporan keuangan PT Bank UOB Indonesia of PT Bank UOB Indonesia ("Bank')' financial
("Bank"); statements;
2. Laporan keuangan Bank telah disusun dan disajikan 2. The Bank's financial statemenfs have been prepared
sesuai dengan Standar Akuntansi Keuangan di and presented in accordance with Indonesian Financial
Indonesia; Accounting Standards;
3. a. Semua informasi dalam laporan keuangan Bank 3. a. All information in the Bank's financial statements
telah dimuat secara lengkap dan benar; have been disclosed in a complete and truthful
manner,•
b. Laporan keuangan Bank tidak mengandung b. The Bank's financial statements do not contain any
informasi atau fakta material yang tidak benar, dan incorrect information or material facts, nor do they
tidak menghilangkan informasi atau fakta material; omit information or material facts;
4. Kami bertanggung jawab atas sistem pengendalian 4. We are responsible for the Bank's internal control
internal Bank. system.
Demikian pernyataan ini dibuat dengan sebenarnya. Thus this statement is made truthfully.
Jakarta, 26 Februari l February 2025
=. %! ,
MET r~ ~"
TE EL ~/~„ 1
U V
81796430
HENDRA TEH HAN YI
Direktu Direktur Keuangan dan Layanan Korporasi /
President Director Finance and Corporate Services Director
Singapore Australia Brunei Canada China France Hong Kong India Indonesia Japan
Malaysia Myanmar Philippines South Korea Taiwan Thailand United Kingdom USA Vietnam
##RESTRICTED ##
Page 385
The original financial statements included herein are in the
Indonesian language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
LAPORAN KEUANGAN FINANCIAL STATEMENTS
TANGGAL 31 DESEMBER 2024 AS OF 31 DECEMBER 2024
DAN UNTUK TAHUN YANG BERAKHIR AND FOR THE YEAR
PADA TANGGAL TERSEBUT THEN ENDED
BESERTA LAPORAN AUDITOR INDEPENDEN WITH INDEPENDENT AUDITOR’S REPORT
Daftar Isi Table of Contents
Halaman/
Pages
Laporan Auditor Independen................................... ............................................Independent Auditor’s Report
Laporan Posisi Keuangan....................................... 1-4 ......................................... Statement of Financial Position
Laporan Laba Rugi dan Penghasilan Statement of Profit or Loss and
Komprehensif Lain.............................................. 5-6 ....................................Other Comprehensive Income
Laporan Perubahan Ekuitas ................................... 7 ........................................ Statement of Changes in Equity
Laporan Arus Kas .................................................. 8-9 .................................................. Statement of Cash Flows
Catatan atas Laporan Keuangan ............................ 10-190 ..................................... Notes to the Financial Statements
Page 386
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen Independent Auditor’s Report
Laporan No. 00111/2.1032/AU.1/07/0242- Report No. 00111/2.1032/AU.1/07/0242-
4/1/II/2025 4/1/II/2025
Pemegang Saham, Dewan Komisaris, The Shareholders and the Boards of
dan Direksi Commissioners and Directors
PT Bank UOB Indonesia PT Bank UOB Indonesia
Opini Opinion
Kami telah mengaudit laporan keuangan PT Bank We have audited the accompanying financial
UOB Indonesia (“Bank”) terlampir, yang terdiri statements of PT Bank UOB Indonesia (the
dari laporan posisi keuangan tanggal 31 Desember “Bank”), which comprise the statement of
2024, serta laporan laba rugi dan penghasilan financial position as of December 31, 2024, and
komprehensif lain, laporan perubahan ekuitas, dan the statement of profit or loss and other
laporan arus kas untuk tahun yang berakhir pada comprehensive income, statement of changes in
tanggal tersebut, serta catatan atas laporan equity, and statement of cash flows for the year
keuangan, termasuk informasi kebijakan then ended, and notes to the financial statements,
akuntansi material. including material accounting policy information.
Menurut opini kami, laporan keuangan terlampir In our opinion, the accompanying financial
menyajikan secara wajar, dalam semua hal yang statements present fairly, in all material respects,
material, posisi keuangan Bank tanggal the financial position of the Bank as of
31 Desember 2024, serta kinerja keuangan dan December 31, 2024, and its financial
arus kasnya untuk tahun yang berakhir pada performance and cash flows for the year then
tanggal tersebut, sesuai dengan Standar ended, in accordance with Indonesian Financial
Akuntansi Keuangan di Indonesia. Accounting Standards.
Basis opini Basis for opinion
Kami melaksanakan audit kami berdasarkan We conducted our audits in accordance with
Standar Audit yang ditetapkan oleh Institut Standards on Auditing established by the
Akuntan Publik Indonesia (“IAPI”). Tanggung Indonesian Institute of Certified Public
jawab kami menurut standar tersebut diuraikan Accountants (“IICPA”). Our responsibilities under
lebih lanjut dalam paragraf Tanggung Jawab those standards are further described in the
Auditor terhadap Audit atas Laporan Keuangan Auditor’s Responsibilities for the Audit of the
pada laporan kami. Kami independen terhadap Financial Statements paragraph of our report. We
Bank berdasarkan ketentuan etika yang relevan are independent of the Bank in accordance with
dalam audit kami atas laporan keuangan di the ethical requirements that are relevant to our
Indonesia, dan kami telah memenuhi tanggung audit of the financial statements in Indonesia, and
jawab etika lainnya berdasarkan ketentuan we have fulfilled our other ethical responsibilities
tersebut. Kami yakin bahwa bukti audit yang telah in accordance with these requirements. We
kami peroleh adalah cukup dan tepat untuk believe that the audit evidence we have obtained
menyediakan suatu basis bagi opini kami. is sufficient and appropriate to provide a basis for
our opinion.
i
Page 387
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00111/2.1032/AU.1/07/0242- Report No. 00111/2.1032/AU.1/07/0242-
4/1/II/2025 (lanjutan) 4/1/II/2025 (continued)
Hal audit utama Key audit matters
Hal audit utama adalah hal-hal yang, menurut Key audit matters are those matters that, in our
pertimbangan profesional kami, merupakan hal professional judgment, were of most significance
yang paling signifikan dalam audit kami atas in our audit of the financial statements of the
laporan keuangan periode kini. Hal tersebut current period. Such key audit matters were
disampaikan dalam konteks audit kami atas addressed in the context of our audit of the
laporan keuangan secara keseluruhan, dan dalam financial statements taken as a whole, and in
merumuskan opini kami atas laporan keuangan forming our opinion thereon, and we do not
terkait, dan kami tidak menyatakan suatu opini provide a separate opinion on such key audit
terpisah atas hal audit utama tersebut. Untuk hal matters. For the key audit matter below, our
audit utama di bawah ini, penjelasan kami tentang description of how our audit addressed such
bagaimana audit kami merespons hal tersebut matter is provided in such context.
disampaikan dalam konteks tersebut.
Kami telah memenuhi tanggung jawab yang We have fulfilled the responsibilities described in
diuraikan dalam paragraf Tanggung Jawab the Auditor’s Responsibilities for the Audit of the
Auditor terhadap Audit atas Laporan Keuangan Financial Statements paragraph of our report,
pada laporan kami, termasuk sehubungan dengan including in relation to key audit matter
hal audit utama yang dikomunikasikan di bawah communicated below. Accordingly, our audit
ini. Oleh karena itu, audit kami mencakup included the performance of procedures designed
pelaksanaan prosedur yang didesain untuk to respond to our assessment of the risks of
merespons penilaian kami atas risiko kesalahan material misstatement of the accompanying
penyajian material dalam laporan keuangan financial statements. The results of our audit
terlampir. Hasil prosedur audit kami, termasuk procedures, including the procedures performed
prosedur yang dilakukan untuk merespons hal to address the key audit matter below, provide the
audit utama di bawah ini, menyediakan basis bagi basis for our opinion on the accompanying
opini kami atas laporan keuangan terlampir. financial statements.
Cadangan kerugian penurunan nilai atas kredit Allowance for impairment losses on loans
yang diberikan
Penjelasan atas hal audit utama: Description of the key audit matter:
Pada tanggal 31 Desember 2024 Bank memiliki As of December 31, 2024, the Bank has loans and
kredit yang diberikan dan cadangan kerugian the allowance for impairment of loans amounting
penurunan nilai atas kredit yang diberikan masing- to Rp100,411,809 and Rp3,959,553 million,
masing sebesar Rp100.411.809 juta dan respectively. The material accounting policies of
Rp3.959.553 juta. Kebijakan akuntansi material allowance for impairment losses are disclosed in
untuk cadangan kerugian penurunan nilai Note 2l to the accompanying financial statements.
diungkapkan dalam Catatan 2l atas laporan
keuangan terlampir.
ii
Page 388
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00111/2.1032/AU.1/07/0242- Report No. 00111/2.1032/AU.1/07/0242-
4/1/II/2025 (lanjutan) 4/1/II/2025 (continued)
Hal audit utama (lanjutan) Key audit matters (continued)
Cadangan kerugian penurunan nilai atas kredit Allowance for impairment losses on loans
yang diberikan (lanjutan) (continued)
Kami berfokus pada area ini karena nilai tercatat We focused on this area because the carrying
atas kredit yang diberikan dan cadangan kerugian value of loans and the allowance for impairment
penurunan nilai atas kredit yang diberikan adalah losses on loans are material to the accompanying
material terhadap laporan keuangan terlampir. financial statements. Determination of allowance
Penentuan cadangan kerugian penurunan nilai for impairment losses requires material
memerlukan pertimbangan material dan memiliki judgement and is subject to estimation
ketidakpastian estimasi termasuk dalam uncertainty which includes determining the model
penentuan model untuk menghitung cadangan to calculate allowance for impairment losses,
kerugian penurunan nilai, identifikasi eksposur identification of credit exposures with significant
kredit yang mengalami penurunan kualitas kredit deterioration in credit quality, and determining
yang signifikan, penentuan asumsi yang assumptions used in the allowance for impairment
digunakan dalam model perhitungan cadangan losses calculation models (for exposures assessed
kerugian penurunan nilai (untuk eksposur yang on an individual or collective basis), including
dinilai secara individu atau kolektif), termasuk forward-looking macroeconomic factors.
faktor ekonomi makro masa depan.
Pengungkapan cadangan kerugian penurunan nilai The allowance for impairment losses on loans are
atas yang kredit diberikan diungkapkan pada disclosed in Note 11, to the financial statements.
Catatan 11 atas laporan keuangan.
Respons audit: Audit response:
Prosedur audit kami dalam merespons hal audit Our audit procedures address the key audit matter
utama tersebut di atas mencakup, menguji mentioned above including, testing of key controls
pengendalian utama atas pemberian kredit, over the origination, regular internal credit quality
penilaian kualitas kredit internal secara regular, assessments, recording and monitoring of the
pencatatan dan pengawasan kredit yang loans, obtaining understanding and assessing
diberikan, memeroleh pemahaman dan menilai impairment measurement methodologies,
metodologi pengukuran penurunan nilai, validasi validation of allowance for impairment losses
model cadangan kerugian penurunan nilai, data models, and inputs, bases and assumptions used
masukan, dasar, dan asumsi yang digunakan oleh by the Bank in calculating the allowance for
Bank dalam menghitung cadangan kerugian impairment losses, testing the classification into
penurunan nilai, serta menguji tiga tahapan three-stage credit quality of loan portfolios in
kualitas kredit portofolio sesuai dengan kriteria accordance with staging criteria developed by the
tingkatan (staging) yang disusun oleh Bank untuk Bank for loans, assessing whether historical
kredit yang diberikan, menguji apakah experience is representative of current
pengalaman historis mewakili keadaan saat ini dan circumstances and of the recent losses incurred in
kerugian terkini yang terjadi dalam portofolio, the portfolios, and assessing reasonableness of
serta menilai kewajaran atas penyesuaian asumsi forward-looking adjustments, macroeconomic
masa depan, analisis faktor ekonomi makro, dan factor analysis, and probability-weighted multiple
beberapa skenario probabilitas tertimbang untuk scenarios for loans.
kredit yang diberikan.
iii
Page 389
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00111/2.1032/AU.1/07/0242- Report No. 00111/2.1032/AU.1/07/0242-
4/1/II/2025 (lanjutan) 4/1/II/2025 (continued)
Hal audit utama (lanjutan) Key audit matters (continued)
Cadangan kerugian penurunan nilai atas kredit Allowance for impairment losses on loans
yang diberikan (lanjutan) (continued)
Respons audit: (lanjutan) Audit response: (continued)
Untuk cadangan kerugian penurunan nilai yang With respect to individually assessed allowance
dinilai secara individual, kami menguji sampel for impairment losses, we tested a sample of loans
kredit yang diberikan untuk mengevaluasi to evaluate the timely identification by the Bank of
ketepatan waktu Bank dalam melakukan exposures with significant deterioration in credit
identifikasi eksposur yang mengalami penurunan quality or those which have been impaired; for
kualitas kredit yang signifikan atau yang telah cases where impairment has been identified,
mengalami penurunan nilai; untuk kasus-kasus di assessed the Bank’s assumptions on the expected
mana penurunan nilai telah diidentifikasi, kami future cash flows, including the value of realizable
menilai asumsi Bank atas arus kas masa depan collateral based on available market information
yang akan diterima, termasuk nilai agunan yang or valuation prepared by independent valuer.
dapat direalisasikan berdasarkan informasi pasar
yang tersedia atau penilaian yang dilakukan oleh
penilai independen.
Kami juga memeriksa keakurasian perhitungan We checked the accuracy of the calculation of the
jumlah cadangan kerugian penurunan nilai dengan allowance for impairment losses amount by
melakukan perhitungan ulang atas keseluruhan recalculating the collective impairment
portofolio yang penurunan nilainya dinilai secara assessment for the entire portfolio and
kolektif dan melakukan perhitungan ulang atas recalculating the individual impairment
penurunan nilai yang dinilai secara individual assessment on a sample basis, assessed whether
berdasarkan sampel, menilai apakah the financial statement disclosures are adequately
pengungkapan di laporan keuangan cukup dan and appropriately reflecting the Bank’s exposures
secara memadai mencerminkan eksposur Bank to credit risk. We challenged the completeness
terhadap risiko kredit. Kami menguji kelengkapan and appropriateness, including the assumptions
dan ketepatan, termasuk asumsi dan and judgments, of overlays used for risks not
pertimbangan, overlay yang digunakan atas risiko captured by models and involved our auditor’s
yang tidak tertangkap oleh model dan melibatkan internal expert to assist us in the performance of
pakar auditor internal kami untuk membantu kami the above procedures where their specific
dalam melakukan prosedur-prosedur di atas ketika expertise was required.
keahlian spesifik mereka diperlukan.
iv
Page 390
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00111/2.1032/AU.1/07/0242- Report No. 00111/2.1032/AU.1/07/0242-
4/1/II/2025 (lanjutan) 4/1/II/2025 (continued)
Hal audit utama (lanjutan) Key audit matters (continued)
Alokasi Harga Beli yang timbul dari akuisisi bisnis Purchase Price Allocation arising from
konsumen Citibank di Indonesia acquisition of Citibank’s consumer banking in
Indonesia
Pada tanggal 18 November 2023, Bank telah On November 18, 2023, the Bank completed the
menyelesaikan akuisisi bisnis konsumer Citibank di acquisition of Citibank’s consumer banking
Indonesia yang terdiri dari portofolio unsecured businesses in Indonesia comprising its unsecured
dan secured lending, wealth management, dan and secured lending portfolios, wealth
bisnis retail deposit. Bank telah menunjuk penilai management and retail deposit businesses. The
profesional independen dalam melakukan Bank engaged an independent professional valuer
identifikasi dan penilaian aset tidak berwujud yang to complete the identification and valuation of
diperoleh dengan nilai wajar untuk pengakuan intangible assets acquired at their respective fair
Alokasi Harga Beli (AHB), yang menimbulkan values for the Purchase Price Allocation (PPA)
pengakuan goodwill setelah mempertimbangkan exercise, which led to the resultant recognition of
nilai wajar aset dan kewajiban lainnya yang goodwill after taking into consideration the fair
diperoleh. Pada tanggal 31 Desember 2024, value of the other assets and liabilities acquired.
proses penyusunan AHB telah selesai. As of December 31, 2024, the PPA exercise had
been completed.
Kami menganggap hal ini sebagai hal audit utama We considered this as a key audit matter because
karena AHB memerlukan penilaian dan estimasi the PPA required significant management
manajemen yang signifikan dalam melakukan judgment and estimation in identification of
identifikasi aset tidak berwujud dan pengukuran intangible assets and measurement at fair value.
nilai wajar.
Alokasi harga beli yang timbul dari akuisisi bisnis The PPA arising from acquisition of Citibank’s
konsumen Citibank di Indonesia diungkapkan consumer banking in Indonesia is disclosed in
dalam Catatan 3, pada laporan keuangan. Note 3 to the financial statements.
v
Page 391
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00111/2.1032/AU.1/07/0242- Report No. 00111/2.1032/AU.1/07/0242-
4/1/II/2025 (lanjutan) 4/1/II/2025 (continued)
Hal audit utama (lanjutan) Key audit matters (continued)
Alokasi Harga Beli yang timbul dari akuisisi bisnis Purchase Price Allocation arising from
konsumen Citibank di Indonesia (lanjutan) acquisition of Citibank’s consumer banking in
Indonesia (continued)
Respons audit: Audit response:
Kami memperoleh pemahaman tentang proses We obtained understanding of the Bank’s process
penilaian AHB Bank. Kami memfokuskan of PPA assessment. We focused our work on the
pekerjaan kami pada identifikasi dan penilaian aset identification and valuation of the intangible
tidak berwujud serta aset dan kewajiban lainnya assets and the other assets and liabilities acquired
yang diperoleh dari akuisisi bisnis konsumen from Citibank’s consumer banking business in
Citibank di Indonesia pada 18 November 2023. Indonesia on November 18, 2023.
Kami bekerjasama dengan spesialis penilai internal We involved our internal valuation specialists to
kami untuk membantu kami dalam melakukan assist us in performing the following procedures:
prosedur berikut: (i) menilai kompetensi, (i) assessed the competence, capabilities and
kemampuan dan objektivitas penilai profesional objectivity of the independent professional valuer
independen yang ditunjuk oleh Bank; (ii) engaged by the Bank, (ii) obtained an
memperoleh pemahaman tentang penilaian yang understanding of the valuation performed by the
dilakukan oleh penilai profesional independen; (iii) independent professional valuer, (iii) assessed the
menilai aset tidak berwujud yang diidentifikasi dan intangible assets identified and valued in
dinilai sesuai dengan kriteria identifikasi dan accordance with the identification and recognition
pengakuan yang ditetapkan dalam PSAK 238 - criteria set out in PSAK 238 - Intangible assets,
Aset Tidak Berwujud; (iv) melakukan verifikasi atas (iv) verified the underlying inputs used in the
input yang digunakan dalam penilaian model untuk valuation models to derive the valuation of
mendapatkan penilaian aset tidak berwujud yang intangible assets identified; and (v) assessed the
teridentifikasi; dan (v) menilai metodologi valuation methodologies used by management in
penilaian yang digunakan oleh manajemen dalam the fair valuation and the key assumptions used,
penilaian nilai wajar dan asumsi utama yang such as useful life of intangible assets; corporate
digunakan, seperti: masa manfaat aset tidak tax rate; discount rate; contributory asset
berwujud; tarif pajak perusahaan; tingkat charges; equity charges; and comparable
diskonto; biaya aset kontribusi; biaya ekuitas; dan companies.
perusahaan yang sebanding.
vi
Page 392
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00111/2.1032/AU.1/07/0242- Report No. 00111/2.1032/AU.1/07/0242-
4/1/II/2025 (lanjutan) 4/1/II/2025 (continued)
Hal audit utama (lanjutan) Key audit matters (continued)
Alokasi Harga Beli yang timbul dari akuisisi bisnis Purchase Price Allocation arising from
konsumen Citibank di Indonesia (lanjutan) acquisition of Citibank’s consumer banking in
Indonesia (continued)
Respons audit: (lanjutan) Audit response: (continued)
Kami juga melakukan prosedur berikut: (i) We also performed the following procedures: (i)
membaca Sales and Purchase of Assets and read the Sales and Purchase of Assets and
Liability Agreement (SPALA) dan persyaratan Liability Agreement (SPALA) and critical terms
penting serta dampak akuntansi, termasuk with accounting impact, including the purchase
pertimbangan pembelian; (ii) melakukan penilaian consideration; (ii) assessed the Bank’s
atas identifikasi dan penetapan nilai wajar aset dan identification and determination of the fair value
kewajiban lainnya oleh Bank dengan of the other assets and liabilities having regard to
memperhatikan kelengkapan aset dan kewajiban the completeness of assets and liabilities
yang teridentifikasi, termasuk kewajiban identified, including contingent liabilities and the
kontinjensi dan kewajaran asumsi yang mendasari reasonableness of any underlying assumptions in
penilaian masing-masing dan pertimbangan yang their respective valuations and the consideration
diberikan; (iii) memeriksa kesesuaian perlakuan given; (iii) checked that the accounting treatment
akuntansi dengan PSAK 103: Kombinasi Bisnis; is in accordance with PSAK 103: Business
dan (iv) mereviu pengungkapan laporan keuangan Combinations; and (iv) assessed the financial
sehubungan dengan akuisisi. statement disclosures in relation to the
acquisition.
Penurunan nilai goodwill Goodwill impairment
Pada tanggal 31 Desember 2024, neraca Bank As of December 31, 2024, the Bank’s balance
memiliki saldo goodwill sebesar Rp813.973 juta. sheet included goodwill of Rp813,973 million. The
Goodwill dialokasikan untuk Unit Penghasil Kas goodwill is allocated to the respective Cash
(UPK) yang ditentukan berdasarkan segmen Generating Unit (CGU) defined by the Bank’s
operasi Bank. operating segments.
vii
Page 393
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00111/2.1032/AU.1/07/0242- Report No. 00111/2.1032/AU.1/07/0242-
4/1/II/2025 (lanjutan) 4/1/II/2025 (continued)
Hal audit utama (lanjutan) Key audit matters (continued)
Penurunan nilai goodwill (lanjutan) Goodwill impairment (continued)
Kami menganggap ini sebagai area fokus utama We considered this as a key area of focus for our
audit kami karena saldo goodwill adalah material audit since the goodwill balance is material to the
terhadap laporan keuangan dan estimasi jumlah financial statements and estimation of the
yang dapat dipulihkan untuk UPK di mana goodwill recoverable amount for the CGU into which
dialokasikan, menggunakan proyeksi arus kas goodwill was allocated used discounted cash flows
diskonto yang kompleks dan membutuhkan projection which is complex and requires
penilaian dan estimasi manajemen yang signifikan, significant management judgement and
termasuk arus kas UPK di masa depan, tingkat estimation, including future cash flows of the CGU,
pertumbuhan jangka panjang setelah periode long-term growth rate after the forecast period,
perkiraan, dan tingkat diskonto yang diterapkan. and the discount rates applied.
Respons audit: Audit response:
Kami memperoleh pemahaman tentang proses We obtained an understanding of the Bank’s
analisis penurunan nilai goodwill Bank. Kami process of goodwill impairment analysis. We
mengevaluasi kesesuaian segmentasi UPK dan evaluated the appropriateness of the CGU
alokasi untuk UPK. Kami mengevaluasi metodologi segmentation and goodwill allocation to the CGU.
dan asumsi utama manajemen, yang mencakup We evaluated the management’s methodology
proyeksi arus kas di masa depan, pendapatan dan and key assumptions used in the determination of
tingkat pertumbuhan jangka panjang. Kami juga the recoverable amounts of CGU, which included
menilai kesesuaian asumsi utama lainnya, future cash flows projections, revenue and long-
termasuk tingkat diskonto biaya modal rata-rata term growth rate. We also assessed the
tertimbang. Kami mengevaluasi keakurasian appropriateness of other key assumptions,
perhitungan matematis dari penurunan nilai including weighted average cost of capital
goodwill yang disiapkan oleh manajemen. Kami discount rates. We evaluated the mathematical
juga menilai kecukupan pengungkapan goodwill accuracy of the goodwill impairment prepared by
dalam Catatan 3 terhadap laporan keuangan. the management. We also assessed the adequacy
of the disclosures for goodwill impairment in Note
3 to the financial statements.
viii
Page 394
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00111/2.1032/AU.1/07/0242- Report No. 00111/2.1032/AU.1/07/0242-
4/1/II/2025 (lanjutan) 4/1/II/2025 (continued)
Informasi lain Other information
Manajemen bertanggung jawab atas informasi Management is responsible for the other
lain. Informasi lain terdiri dari informasi yang information. Other information comprises the
tercantum dalam Laporan Tahunan selain laporan information included in the Annual Report other
keuangan terlampir dan laporan auditor than the accompanying financial statements and
independen kami. Laporan Tahunan diharapkan our independent auditor’s report thereon. The
akan tersedia bagi kami setelah tanggal laporan Annual Report is expected to be made available
auditor independen ini. to us after the date of this independent auditor’s
report.
Opini kami atas laporan keuangan terlampir tidak Our opinion on the accompanying financial
mencakup Laporan Tahunan, dan oleh karena itu, statements does not cover the Annual Report,
kami tidak menyatakan bentuk keyakinan apapun and accordingly, we do not express any form of
atas Laporan Tahunan tersebut. assurance on the Annual Report.
Sehubungan dengan audit kami atas laporan In connection with our audit of the accompanying
keuangan terlampir, tanggung jawab kami adalah financial statements, our responsibility is to read
untuk membaca Laporan Tahunan ketika the Annual Report when it becomes available
tersedia dan, dalam melaksanakannya, and, in doing so, consider whether the Annual
mempertimbangkan apakah Laporan Tahunan Report is materially inconsistent with the
mengandung ketidakkonsistensian material accompanying financial statements or our
dengan laporan keuangan terlampir atau knowledge obtained in the audit, or otherwise
pemahaman yang kami peroleh selama audit, atau appears to be materially misstated.
mengandung kesalahan penyajian material.
ix
Page 395
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00111/2.1032/AU.1/07/0242- Report No. 00111/2.1032/AU.1/07/0242-
4/1/II/2025 (lanjutan) 4/1/II/2025 (continued)
Informasi lain (lanjutan) Other information (continued)
Ketika kami membaca Laporan Tahunan, jika kami When we read the Annual Report, if we conclude
menyimpulkan bahwa terdapat suatu kesalahan that there is a material misstatement therein, we
penyajian material di dalamnya, kami diharuskan are required to communicate the matter to those
untuk mengomunikasikan hal tersebut kepada charged with governance and take appropriate
pihak yang bertanggung jawab atas tata kelola actions based on the applicable laws and
dan melakukan tindakan yang tepat berdasarkan regulations.
peraturan perundang-undangan yang berlaku.
Tanggung jawab manajemen dan pihak yang Responsibilities of management and those
bertanggung jawab atas tata kelola terhadap charged with governance for the financial
laporan keuangan statements
Manajemen bertanggung jawab atas penyusunan Management is responsible for the preparation
dan penyajian wajar laporan keuangan tersebut and fair presentation of the financial statements
sesuai dengan Standar Akuntansi Keuangan di in accordance with Indonesian Financial
Indonesia, dan atas pengendalian internal yang Accounting Standards, and for such internal
dianggap perlu oleh manajemen untuk control as management determines is necessary
memungkinkan penyusunan laporan keuangan to enable the preparation of financial statements
yang bebas dari kesalahan penyajian material, that are free from material misstatement,
baik yang disebabkan oleh kecurangan maupun whether due to fraud or error.
kesalahan.
Dalam penyusunan laporan keuangan, In preparing the financial statements,
manajemen bertanggung jawab untuk menilai management is responsible for assessing the
kemampuan Bank dalam mempertahankan Bank’s ability to continue as a going concern,
kelangsungan usahanya, mengungkapkan, sesuai disclosing, as applicable, matters related to going
dengan kondisinya, hal-hal yang berkaitan dengan concern, and using the going concern basis of
kelangsungan usaha, dan menggunakan basis accounting, unless management either intends to
akuntansi kelangsungan usaha, kecuali liquidate the Bank or to cease its operations, or
manajemen memiliki intensi untuk melikuidasi has no realistic alternative but to do so.
Bank atau menghentikan operasi, atau tidak
memiliki alternatif yang realistis selain
melaksanakannya.
Pihak yang bertanggung jawab atas tata kelola Those charged with governance are responsible
bertanggung jawab untuk mengawasi proses for overseeing the Bank’s financial reporting
pelaporan keuangan Bank. process.
x
Page 396
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00111/2.1032/AU.1/07/0242- Report No. 00111/2.1032/AU.1/07/0242-
4/1/II/2025 (lanjutan) 4/1/II/2025 (continued)
Tanggung jawab auditor terhadap audit atas Auditor’s responsibilities for the audit of the
laporan keuangan financial statements
Tujuan kami adalah untuk memeroleh keyakinan Our objectives are to obtain reasonable assurance
memadai tentang apakah laporan keuangan about whether the financial statements taken as a
secara keseluruhan bebas dari kesalahan whole are free from material misstatement,
penyajian material, baik yang disebabkan oleh whether due to fraud or error, and to issue an
kecurangan maupun kesalahan, dan untuk Independent Auditor’s report that includes our
menerbitkan laporan auditor independen yang opinion. Reasonable assurance is a high level of
mencakup opini kami. Keyakinan memadai assurance but is not a guarantee that an audit
merupakan suatu tingkat keyakinan tinggi, namun conducted in accordance with Standards on
bukan merupakan suatu jaminan bahwa audit Auditing established by the IICPA will always
yang dilaksanakan berdasarkan Standar Audit detect a material misstatement when it exists.
yang ditetapkan oleh IAPI akan selalu mendeteksi Misstatements can arise from fraud or error and
kesalahan penyajian material ketika hal tersebut are considered material if, individually or in the
ada. Kesalahan penyajian dapat disebabkan oleh aggregate, they could reasonably be expected to
kecurangan maupun kesalahan dan dianggap influence the economic decisions of users taken
material jika, baik secara individual maupun on the basis of these financial statements.
agregat, dapat diekspektasikan secara wajar akan
memengaruhi keputusan ekonomi yang diambil
oleh pengguna berdasarkan laporan keuangan
tersebut.
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with Standards
Standar Audit yang ditetapkan oleh IAPI, kami on Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional selama skepticism throughout the audit. We also:
audit. Kami juga:
Mengidentifikasi dan menilai risiko kesalahan Identify and assess the risks of material
penyajian material dalam laporan keuangan, misstatement of the financial statements,
baik yang disebabkan oleh kecurangan whether due to fraud or error, design and
maupun kesalahan, mendesain dan perform audit procedures responsive to such
melaksanakan prosedur audit yang responsif risks, and obtain audit evidence that is
terhadap risiko tersebut, serta memeroleh sufficient and appropriate to provide a basis
bukti audit yang cukup dan tepat untuk for our opinion. The risk of not detecting a
menyediakan basis bagi opini kami. Risiko material misstatement resulting from fraud is
tidak terdeteksinya suatu kesalahan penyajian higher than for one resulting from error, as
material yang disebabkan oleh kecurangan fraud may involve collusion, forgery,
lebih tinggi daripada yang disebabkan oleh intentional omissions, misrepresentations, or
kesalahan, karena kecurangan dapat the override of internal control.
melibatkan kolusi, pemalsuan, penghilangan
secara sengaja, pernyataan salah, atau
pengabaian pengendalian internal.
xi
Page 397
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00111/2.1032/AU.1/07/0242- Report No. 00111/2.1032/AU.1/07/0242-
4/1/II/2025 (lanjutan) 4/1/II/2025 (continued)
Tanggung jawab auditor terhadap audit atas Auditor’s responsibilities for the audit of the
laporan keuangan (lanjutan) financial statements (continued)
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with Standards
Standar Audit yang ditetapkan oleh IAPI, kami on Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional selama skepticism throughout the audit. We also:
audit. Kami juga: (lanjutan) (continued)
Memeroleh suatu pemahaman tentang Obtain an understanding of internal control
pengendalian internal yang relevan dengan relevant to the audit in order to design audit
audit untuk mendesain prosedur audit yang procedures that are appropriate in the
tepat sesuai dengan kondisinya, tetapi bukan circumstances, but not for the purpose of
untuk tujuan menyatakan opini atas expressing an opinion on the effectiveness of
keefektivitasan pengendalian internal Bank. the Bank’s internal control.
Mengevaluasi ketepatan kebijakan akuntansi Evaluate the appropriateness of accounting
yang digunakan serta kewajaran estimasi policies used and the reasonableness of
akuntansi dan pengungkapan terkait yang accounting estimates and related disclosures
dibuat oleh manajemen. made by management.
Menyimpulkan ketepatan penggunaan basis Conclude on the appropriateness of
akuntansi kelangsungan usaha oleh management's use of the going concern basis
manajemen dan, berdasarkan bukti audit yang of accounting and, based on the audit evidence
diperoleh, apakah terdapat suatu obtained, whether a material uncertainty
ketidakpastian material yang terkait dengan exists related to events or conditions that may
peristiwa atau kondisi yang dapat cast significant doubt on the Bank's ability to
menyebabkan keraguan signifikan atas continue as a going concern. If we conclude
kemampuan Bank untuk mempertahankan that a material uncertainty exists, we are
kelangsungan usahanya. Ketika kami required to draw attention in our independent
menyimpulkan bahwa terdapat suatu auditor’s report to the related disclosures in
ketidakpastian material, kami diharuskan the financial statements or, if such disclosures
untuk menarik perhatian dalam laporan are inadequate, to modify our opinion. Our
auditor independen kami ke pengungkapan conclusions is based on the audit evidence
terkait dalam laporan keuangan atau, jika obtained up to the date of our independent
pengungkapan tersebut tidak memadai, auditor’s report. However, future events or
memodifikasi opini kami. Kesimpulan kami conditions may cause the Bank to cease to
didasarkan pada bukti audit yang diperoleh continue as a going concern.
hingga tanggal laporan auditor independen
kami. Namun, peristiwa atau kondisi masa
depan dapat menyebabkan Bank tidak dapat
mempertahankan kelangsungan usahanya.
xii
Page 398
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00111/2.1032/AU.1/07/0242- Report No. 00111/2.1032/AU.1/07/0242-
4/1/II/2025 (lanjutan) 4/1/II/2025 (continued)
Tanggung jawab auditor terhadap audit atas Auditor’s responsibilities for the audit of the
laporan keuangan (lanjutan) financial statements (continued)
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with Standards
Standar Audit yang ditetapkan oleh IAPI, kami on Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional selama skepticism throughout the audit. We also:
audit. Kami juga: (lanjutan) (continued)
Mengevaluasi penyajian, struktur, dan isi Evaluate the overall presentation, structure,
laporan keuangan secara keseluruhan, and content of the financial statements,
termasuk pengungkapannya, dan apakah including the disclosures, and whether the
laporan keuangan mencerminkan transaksi financial statements represent the underlying
dan peristiwa yang mendasarinya dengan transactions and events in a manner that
suatu cara yang mencapai penyajian wajar. achieves fair presentation.
Kami mengomunikasikan kepada pihak yang We communicate with those charged with
bertanggung jawab atas tata kelola mengenai, governance regarding, among other matters, the
antara lain, ruang lingkup dan saat yang planned scope and timing of the audit and
direncanakan atas audit serta temuan audit significant audit findings, including any significant
signifikan, termasuk setiap defisiensi signifikan deficiencies in internal control that we identify
dalam pengendalian internal yang teridentifikasi during our audit.
oleh kami selama audit.
Kami juga memberikan suatu pernyataan kepada We also provide those charged with governance
pihak yang bertanggung jawab atas tata kelola with a statement that we have complied with
bahwa kami telah mematuhi ketentuan etika yang relevant ethical requirements regarding
relevan mengenai independensi, dan independence, and to communicate with them all
mengomunikasikan kepada pihak tersebut seluruh relationships and other matters that may
hubungan, serta hal-hal lain yang dianggap secara reasonably be thought to bear on our
wajar berpengaruh terhadap independensi kami, independence, and where applicable, related
dan, jika relevan, pengamanan terkait. safeguards.
xiii
Page 399
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor's Report (continued)
Laporan No. 00111/2.1032/AU.1/07/0242- Report No. 00111/2.1032/AU.1/07/0242-
4/1/II/2025 (lanjutan) 4/1/11/2025 (continued)
Tanggung jawab auditor terhadap audit atas Auditor's responsibilities for the audit of the
laporan keuangan (lanjutan) financial statements (continued)
Dari hal-hal yang dikomunikasikan kepada pihak From the matters communicated with those
yang bertanggung jawab atas tata kelola, kami charged with governance, we determine those
menentukan hal-hal tersebut yang paling matters that were of most significance in the audit
signifikan dalam audit atas laporan keuangan of the financial statements of the current period
periode kini dan oleh karenanya menjadi hal audit and are therefore the key audit matters. We
utama. Kami menguraikan hal audit utama describe such key audit matters in our
tersebut dalam laporan auditor independen kami independent auditor's report unless laws or
kecuali peraturan perundang-undangan melarang regulations preclude public disclosure about such
pengungkapan publik tentang hal audit utama key audit matters or when, in extremely rare
tersebut atau ketika, dalam kondisi yang sangat circumstances, we determine that a key audit
jarang terjadi, kami menentukan bahwa suatu hal matter should not be communicated in our
audit utama tidak boleh dikomunikasikan dalam independent auditor's report because the adverse
laporan auditor independen kami karena consequences of doing so would reasonably be
konsekuensi yang merugikan dari expected to outweigh the public interest benefits
mengomunikasikan hal tersebut akan of such communication.
diekspektasikan secara wajar melebihi manfaat
kepentfngan publik atas komunikasi tersebut.
KAP Purwantono, Sungkoro & Surja
Yovita
Registrasi Akuntan Publik No. AP.0242/Public Accountant Registration No. AP.0242
26 Februari 2025/February 26, 2025
~.~~ ~w ~
-: r'
.'L
,~ ~t
r "~ - G
D01'11
X~V
Page 400
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL POSITION
Tanggal 31 Desember 2024 As of 31 December 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/ Catatan/ 31 Desember/
31 December 2024 Notes 31 December 2023
ASET ASSETS
2d,2y
Kas 681.840 4,38,40 603.540 Cash
2d,2e,2y Current accounts with
Giro pada Bank Indonesia 5.798.664 5,38,39,40 9.901.077 Bank Indonesia
2d,2e,2l,2y
Giro pada bank lain 6,38,39,40 Current accounts with other banks
Pihak ketiga 791.456 942.952 Third parties
Pihak berelasi 35.593 2c,37 41.530 Related parties
827.049 984.482
Cadangan kerugian penurunan nilai (5.536) (2.706) Allowance for impairment losses
Neto 821.513 981.776 Net
Penempatan pada Bank Indonesia 2d,2f,2p,2y Placements with Bank Indonesia
dan bank lain 3.657.057 7,38,39,40 2.135.930 and other banks
Cadangan kerugian penurunan nilai - - Allowance for impairment losses
Neto 3.657.057 2.135.930 Net
2d,2g,2y,8
Efek-efek yang diperdagangkan 2.306.993 38,39,40 2.758.236 Trading securities
2c,2d,2h,2l
Investasi keuangan 32.468.862 2y,9,37 33.051.225 Financial investments
Cadangan kerugian penurunan nilai (16.036) (13.848) Allowance for impairment losses
Neto 32.452.826 33.037.377 Net
2d,2i,2y,10
Tagihan derivatif 38,39,40 Derivative receivables
Pihak ketiga 1.516.939 600.405 Third parties
Pihak berelasi 545.254 2c,37 240.289 Related parties
2.062.193 840.694
2d,2j,2l,2y
11,17,18,19
Kredit yang diberikan 38,39,40 Loans
Pihak ketiga 100.337.504 83.970.569 Third parties
Pihak berelasi 74.305 2c,37 52.036 Related parties
100.411.809 84.022.605
Cadangan kerugian penurunan nilai (3.959.553) (4.110.763) Allowance for impairment losses
Neto 96.452.256 79.911.842 Net
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements taken as a whole.
keseluruhan.
1
Page 401
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
LAPORAN POSISI KEUANGAN (lanjutan) STATEMENT OF FINANCIAL POSITION (continued)
Tanggal 31 Desember 2024 As of 31 December 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/ Catatan/ 31 Desember/
31 December 2024 Notes 31 December 2023
ASET (lanjutan) ASSETS (continued)
Tagihan atas surat berharga 2d,2l,2n Receivables on securities
yang dibeli dengan janji 2y,12,38 purchased with
dijual kembali 1.653.008 39,40 22.678.253 agreements to resell
2d,2k,2l
2x,13,38
Tagihan akseptasi 2.422.663 39,40 2.508.114 Acceptance receivables
Cadangan kerugian penurunan nilai (4.782) (9.448) Allowance for impairment losses
Neto 2.417.881 2.498.666 Net
Aset pajak tangguhan - neto 641.832 2aa,21,38 733.560 Deferred tax assets - net
2o,2p,14
Aset tetap dan aset hak guna 30,38 Fixed assets and right-of-use assets
Biaya perolehan 5.663.666 4.887.324 Cost
Akumulasi penyusutan (2.724.050) (2.202.552) Accumulated depreciation
Nilai buku 2.939.616 2.684.772 Book value
Aset tak berwujud 2b,2q,3 Intangible assets
Aset tak berwujud 320.000 220.000 Intangible assets
Akumulasi amortisasi (37.333) (3.667) Accumulated amortization
Nilai buku 282.667 216.333 Book value
Goodwill 813.973 913.973 Goodwill
Neto 1.096.640 1.130.306 Net
2c,2d,2m,2r
2s,2y,2w,15
Aset lain-lain - neto 3.159.463 37,38,39,40 2.650.277 Other assets - net
TOTAL ASET 156.141.782 162.546.306 TOTAL ASSETS
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements taken as a whole.
keseluruhan.
2
Page 402
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
LAPORAN POSISI KEUANGAN (lanjutan) STATEMENT OF FINANCIAL POSITION (continued)
Tanggal 31 Desember 2024 As of 31 December 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/ Catatan/ 31 Desember/
31 December 2024 Notes 31 December 2023
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS LIABILITIES
2d,2y,16
Liabilitas segera 504.053 30,40 475.355 Current liabilities
Simpanan dari nasabah 2d,2t,2y Deposits from customers
Giro 11,17,38,40 Demand deposits
Pihak ketiga 31.963.545 23.531.878 Third parties
Pihak berelasi 170.905 2c,37 169.624 Related parties
32.134.450 23.701.502
Tabungan 18 Saving deposits
Pihak ketiga 34.943.776 37.375.588 Third parties
Pihak berelasi 132.128 2c,37 110.788 Related parties
35.075.904 37.486.376
Deposito berjangka 19 Time deposits
Pihak ketiga 49.555.911 57.922.045 Third parties
Pihak berelasi 145.485 2c,37 172.618 Related parties
49.701.396 58.094.663
Total simpanan dari nasabah 116.911.750 119.282.541 Total deposits from customers
2c,2d
2u,2y,20
Simpanan dari bank lain 4.440.259 37,38,40 1.398.759 Deposits from other banks
2d,2y
Bunga yang masih harus dibayar 195.817 38,40 199.137 Interest payables
Utang pajak 105.211 2aa,21,38 170.850 Tax payables
2d,2y,10
Liabilitas derivatif 38,40 Derivative payables
Pihak ketiga 1.049.196 696.949 Third parties
Pihak berelasi 1.176.694 2c,37 525.651 Related parties
2.225.890 1.222.600
2d,2y,13
Liabilitas akseptasi 2.306.951 38,40 2.412.181 Acceptance payables
Liabilitas atas surat berharga Liabilities on securities
yang dijual dengan janji 2d,2n,2y sold under repurchase
dibeli kembali 5.576.054 22,38,40 13.295.961 agreements
Liabilitas atas imbalan kerja 438.894 2z,35,38 344.372 Liabilities for employee’s benefits
Efek utang yang diterbitkan - neto 1.041.910 2c,2d,2v,23 1.443.423 Debt securities issued - net
2c,2d,2y,24
Liabilitas lain-lain 4.568.826 37,38,40 4.699.698 Other liabilities
TOTAL LIABILITAS 138.315.615 144.944.877 TOTAL LIABILITIES
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements taken as a whole.
keseluruhan.
3
Page 403
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
LAPORAN POSISI KEUANGAN (lanjutan) STATEMENT OF FINANCIAL POSITION (continued)
Tanggal 31 Desember 2024 As of 31 December 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/ Catatan/ 31 Desember/
31 December 2024 Notes 31 December 2023
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
(lanjutan) (continued)
EKUITAS EQUITY
Modal saham - nilai nominal Rp250 25 Share capital - par value Rp250
(nilai penuh) per lembar saham (full amount) per share
Modal dasar - Authorized -
36.000.000.000 lembar saham 36,000,000,000 shares
Modal ditempatkan dan disetor Issued and fully paid capital -
penuh (2024 dan 2023: (2024 and 2023:
12.227.591.633 lembar saham) 3.056.898 3.056.898 12,227,591,633 shares)
Tambahan modal disetor - neto 4.938.526 26 4.938.526 Additional paid-in capital - net
Penghasilan komprehensif lain (288.965) (107.463) Other comprehensive income
Saldo laba Retained earnings
Telah ditentukan penggunaannya 151.975 145.225 Appropriated
Belum ditentukan penggunaannya 9.967.733 9.568.243 Unappropriated
TOTAL EKUITAS 17.826.167 17.601.429 TOTAL EQUITY
TOTAL LIABILITAS DAN TOTAL LIABILITIES AND
EKUITAS 156.141.782 162.546.306 EQUITY
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements taken as a whole.
keseluruhan.
4
Page 404
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
LAPORAN LABA RUGI DAN STATEMENT OF PROFIT OR LOSS AND
PENGHASILAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME
Untuk Tahun yang Berakhir Pada Tanggal For the Year Ended
31 Desember 2024 31 December 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir pada Tanggal 31 Desember/
Years Ended 31 December
Catatan/
2024 Notes 2023
PENDAPATAN DAN BEBAN OPERATING INCOME AND
OPERASIONAL EXPENSES
Pendapatan dan beban bunga Interest income and expenses
Pendapatan bunga 11.496.066 2c,2w,28,38 9.944.870 Interest income
Beban bunga (5.651.691) 2c,2w,29,38 (4.587.972) Interest expenses
PENDAPATAN BUNGA - NETO 5.844.375 5.356.898 INTEREST INCOME - NET
Pendapatan operasional lainnya Other operating income
Administration fees and
Komisi dan jasa administrasi - neto 330.110 265.002 commissions - net
Keuntungan yang telah direalisasi
dan belum direalisasi atas Realized and unrealized gain
efek-efek yang dijual dan on securities sold and from
perubahan nilai wajar efek-efek changes in fair value of
yang diperdagangkan - neto 396.275 282.219 trading securities - net
Keuntungan transaksi mata Gain from foreign currency
uang asing 197.723 316.851 transactions
Lain-lain - neto 728.754 510.022 Others - net
Total pendapatan operasional Total other operating
lainnya - neto 1.652.862 1.374.094 income - net
Pembentukan penyisihan Provision for
kerugian penurunan nilai: impairment losses:
6,7,9,11
Aset keuangan (1.071.370) 12,13,34 (796.740 ) Financial assets
Agunan yang diambil alih (5.488) 15 (215 ) Foreclosed assets
Total pembentukan
penyisihan kerugian Total provision for
penurunan nilai (1.076.858) (796.955) impairment losses
Beban operasional lainnya Other operating expenses
Gaji dan kesejahteraan Salaries and employees’
karyawan (2.867.734) 31 (2.385.807) benefits
General and administrative
Beban umum dan administrasi (2.944.829) 2c,30,37 (2.630.756) expenses
Total beban operasional lainnya (5.812.563) (5.016.563) Total other operating expenses
LABA OPERASIONAL 607.816 917.474 OPERATING INCOME
Beban non-operasional Non-operating expense
Kerugian penjualan Loss on sale of fixed
penjualan aset tetap, assets, foreclosed assets,
agunan yang diambil alih dan and abandoned
properti terbengkalai - neto (42.754) (5.741) property - net
Lain-lain - neto (22) (44) Others - net
Total beban non-operasional (42.776) (5.785) Total non-operating expense
LABA SEBELUM BEBAN PAJAK 565.040 911.689 INCOME BEFORE TAX EXPENSE
Beban pajak (158.800) 2aa,21 (236.726) Tax expense
LABA TAHUN BERJALAN 406.240 674.963 INCOME FOR THE YEAR
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements taken as a whole.
keseluruhan.
5
Page 405
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
LAPORAN LABA RUGI DAN STATEMENT OF PROFIT OR LOSS AND
PENGHASILAN KOMPREHENSIF LAIN (lanjutan) OTHER COMPREHENSIVE INCOME (continued)
Untuk Tahun yang Berakhir Pada Tanggal For the Year Ended
31 Desember 2024 31 December 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir pada Tanggal 31 Desember/
Years Ended 31 December
Catatan/
2024 Notes 2023
LABA TAHUN BERJALAN 406.240 674.963 INCOME FOR THE YEAR
PENGHASILAN KOMPREHENSIF OTHER COMPREHENSIVE
LAIN INCOME
Pos-pos yang tidak akan Items that will not be
direklasifikasi ke laba rugi: reclassified to profit or loss:
Pengukuran kembali liabilitas Remeasurement of
imbalan kerja (43.480) 35 3.822 post-employment benefits
Pajak penghasilan terkait dengan Income tax related
komponen pendapatan to components of other
komprehensif lainnya 9.566 (841) comprehensive income
(33.914) 2.981
Pos-pos yang akan direklasifikasi Items that will be reclassified
ke laba rugi: to profit or loss:
Mutasi sehubungan dengan
perubahan nilai wajar
investasi keuangan yang Movement in respect of fair value
diukur pada nilai wajar changes of financial investment
melalui penghasilan at fair value through other
komprehensif lain (189.215) 9 79.666 comprehensive income
Pajak penghasilan terkait dengan Income tax related
komponen pendapatan to component of other
komprehensif lainnya 41.627 (17.527) comprehensive income
(147.588) 62.139
Keuntungan/(kerugian) Other comprehensive
komprehensif lainnya income/(loss) for the year-
tahun berjalan - setelah pajak (181.502) 65.120 net of tax
TOTAL PENGHASILAN
KOMPREHENSIF TAHUN TOTAL COMPREHENSIVE
BERJALAN 224.738 740.083 INCOME FOR THE YEAR
LABA PER SAHAM BASIC EARNINGS
DASAR (nilai penuh) 33 2ab,32 60 PER SHARE (full amount)
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements taken as a whole.
keseluruhan.
6
Page 406
The original financial statements included herein are in the Indonesian language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
LAPORAN PERUBAHAN EKUITAS STATEMENT OF CHANGES IN EQUITY
Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2024 For the Year Ended 31 December 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Penghasilan komprehensif lain/
Other comprehensive income
Keuntungan/
(kerugian) yang
belum direalisasi
atas efek-efek yang
diukur pada nilai wajar
melalui penghasilan Pengukuran
komprehensif lain - neto/ kembali
Modal saham Tambahan Unrealized gain/(loss) atas liabilitas
ditempatkan dan modal disetor - on securities imbalan kerja - Saldo laba/Retained earnings
disetor penuh/ neto/ at fair value neto/
Issued and Additional through other Remeasurement Telah ditentukan Belum ditentukan
Catatan/ fully paid - paid-in comprehensive of post-employment penggunaannya/ penggunaannya/ Total ekuitas/
Notes share capital capital - net income - net benefits - net Appropriated Unappropriated Total equity
Saldo pada tanggal 31 Desember 2022 2.796.661 3.698.759 (154.011) (18.572 ) 135.710 8.902.795 15.361.342 Balance as of 31 December 2022
Penghasilan komprehensif tahun berjalan Comprehensive income for the year
Laba tahun berjalan - - - - - 674.963 674.963 Income for the year
Pengukuran kembali liabilitas imbalan kerja Remeasurement of post-employment
- neto 2.981 - - 2.981 benefits - net
Keuntungan yang belum direalisasi atas Unrealized gain on securities
efek-efek yang diukur pada nilai wajar at fair value through other
melalui penghasilan komprehensif lain - neto 9 - - 62.139 - - - 62.139 comprehensive income - net
Total penghasilan komprehensif untuk Total comprehensive income
tahun berjalan 2023 - - 62.139 2.981 - 674.963 740.083 for the year of 2023
Pembentukan cadangan umum 27 - - - - 9.515 (9.515) - Appropriation for general reserve
Penerbitan saham baru dan New shares issuance and
tambahan modal disetor 25,26 260.237 1.239.767 - - - - 1.500.004 additional paid-in capital
Saldo pada tanggal 31 Desember 2023 3.056.898 4.938.526 (91.872) (15.591 ) 145.225 9.568.243 17.601.429 Balance as of 31 December 2023
Penghasilan komprehensif tahun berjalan Comprehensive income for the year
Laba tahun berjalan - - - - - 406.240 406.240 Income for the year
Pengukuran kembali liabilitas imbalan kerja Remeasurement of post-employment
- neto - - - (33.914 ) - - (33.914) benefits - net
Keuntungan yang belum direalisasi atas Unrealized gain on securities
efek-efek yang diukur pada nilai wajar at fair value through other
melalui penghasilan komprehensif lain - neto 9 - - (147.588) - - - (147.588) comprehensive income - net
Total penghasilan komprehensif untuk Total comprehensive income
tahun berjalan 2024 - - (147.588) (33.914 ) - 406.240 224.738 for the year of 2024
Pembentukan cadangan umum 27 - - - - 6.750 (6.750) - Appropriation for general reserve
Saldo pada tanggal 31 Desember 2024 3.056.898 4.938.526 (239.460) (49.505 ) 151.975 9.967.733 17.826.167 Balance as of 31 December 2024
Catatan atas laporan keuangan terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan secara The accompanying notes to the financial statement form an integral part of these financial statements taken as a
keseluruhan. whole.
7
Page 407
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
LAPORAN ARUS KAS STATEMENT OF CASH FLOWS
Untuk Tahun yang Berakhir pada Tanggal For the Year Ended
31 Desember 2024 31 December 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir pada Tanggal 31 Desember/
Years Ended 31 December
Catatan/
2024 Notes 2023
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
OPERASI OPERATING ACTIVITIES
Penerimaan pendapatan bunga 11.337.449 10.029.354 Receipts from interest income
Penerimaan pendapatan Receipts from
operasional lainnya 1.400.295 2.210.331 other operating income
Penerimaan dari penjualan agunan Receipts from sale of foreclosed
yang diambil alih 3.800 14.577 assets
Pemulihan dari kredit Recovery from loans previously
yang telah dihapusbukukan 332.513 11 384.191 written-off
Penerimaan atas penjualan kredit 176.000 11 141.346 Receipts from sale of loans
Pembayaran beban bunga (5.651.571) (4.518.552) Payment of interest expenses
Pembayaran beban operasional (5.348.956) (4.571.454) Payment of operating expenses
Pembayaran pajak penghasilan (171.066) 21 (289.382) Payment of income tax
Pembayaran transaksi non-operasional Payments of non-operating
- bersih (21) (44) transaction - net
Perubahan dalam aset dan Changes in operating assets and
liabilitas operasi: liabilities:
Decrease/(increase) in
Penurunan/(kenaikan) aset operasi: operating assets:
Efek-efek yang diperdagangkan 519.315 8 (2.164.458) Trading securities
Kredit yang diberikan (18.163.958) 11 7.118.935 Loans
Tagihan akseptasi 85.451 13 1.178.962 Acceptance receivables
Surat berharga yang dibeli Securities purchased
dengan janji dijual kembali 21.025.245 12 (19.807.969) with agreements to resell
Aset lain-lain (172.757) (924.663) Other assets
Kenaikan/(penurunan) liabilitas Increase/(decrease) in
operasi: operating liabilities:
Liabilitas segera 28.698 16 282.516 Current liabilities
Simpanan dari nasabah: Deposits from customers:
Giro 8.432.948 17 (676.328) Demand deposits
Tabungan (2.410.472) 18 (6.355.419) Saving deposits
Deposito berjangka (8.393.267) 19 805.401 Time deposits
Simpanan dari bank lain 3.041.500 20 1.192.611 Deposits from other banks
Utang pajak 89.549 60.057 Tax payables
Liabilitas akseptasi (105.230) 13 (839.471) Acceptance payables
Surat berharga yang dijual Securities sold under
dengan janji dibeli kembali (7.748.669) 22 13.295.961 repurchase agreements
Liabilitas lain-lain (24.625) 2.703.182 Other liabilities
Kas neto digunakan untuk Net cash used in
aktivitas operasi (1.717.829) (730.316) operating activities
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements taken as a whole.
keseluruhan.
8
Page 408
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
LAPORAN ARUS KAS (lanjutan) STATEMENT OF CASH FLOWS (continued)
Untuk Tahun yang Berakhir pada Tanggal For the Year Ended
31 Desember 2024 31 December 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir pada Tanggal 31 Desember/
Years Ended 31 December
Catatan/
2024 Notes 2023
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
INVESTASI INVESTING ACTIVITIES
Hasil penjualan Proceeds from sales of
aset tetap dan properti fixed assets and
terbengkalai 1.647 14 4.926 abandoned property
Hasil bersih dari Net proceed from
akuisisi consumer business - 3 3.015.300 consumer business acquisition
Pembelian investasi Purchase of financial
keuangan 4.504.288 9 (4.675.886) investments
Perolehan aset tetap (865.552) 14 (1.464.983) Acquisitions of fixed assets
Kas neto diperoleh dari/ Net cash provided by/
(digunakan untuk) (used in) investing
aktivitas investasi 3.640.383 (3.120.643) activities
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
PENDANAAN FINANCING ACTIVITIES
Pembayaran atas efek utang Payment of debt securities
yang jatuh tempo (600.000) 23,42 (155.000) issued that have matured
Penerimaan atas efek utang Proceeds from debt
yang diterbitkan 200.000 23,42 - securities issued
Pembayaran biaya transaksi Payment of debt transaction
utang (4.953) - costs
Penerimaan setoran modal 1.500.004 Proceeds from capital injection
Liabilitas sewa (106.246) 42 (60.087) Lease liabilities
Kas neto (digunakan untuk)/ Net cash (used in)/
diperoleh dari provided by
aktivitas pendanaan (511.199) 1.284.917 financing activities
(Penurunan)/kenaikan neto Net (decrease)/increase in Cash
Kas dan Setara Kas 1.411.355 (2.566.042) and Cash Equivalents
Pengaruh neto perubahan kurs Net effect on exchange rate on
pada Kas dan Setara Kas 106.851 (30.766) Cash and Cash Equivalents
Kas dan Setara Kas Cash and Cash Equivalents
awal tahun 13.946.100 16.542.908 at beginning of year
Kas dan Setara Kas Cash and Cash Equivalents
akhir tahun 15.464.306 13.946.100 at the end of year
Components of Cash and Cash
Komponen Kas dan Setara Kas Equivalents
Kas 681.840 4 603.540 Cash
Current accounts with
Giro pada Bank Indonesia 5.798.664 5 9.901.077 Bank Indonesia
Giro pada bank lain 827.049 6 984.482 Current accounts with other banks
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain, efek-efek yang and other banks, trading securities
diperdagangkan dan investasi and financial investment
keuangan - jatuh tempo dalam - maturing within 3 months
3 bulan sejak tanggal perolehan 8.156.753 2.457.001 from the date of acquisition
Total 15.464.306 13.946.100 Total
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements taken as a whole.
keseluruhan.
9
Page 409
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. Umum 1. General
a. Pendirian Bank dan Informasi Umum a. Establishment of the Bank and General
Information
PT Bank UOB Indonesia (dahulu PT Bank PT Bank UOB Indonesia (formerly PT Bank
UOB Buana) (“Bank”) didirikan di Indonesia UOB Buana) (the “Bank”) was established in
berdasarkan Akta Pendirian No. 150 tanggal Indonesia based on the Deed of Establishment
31 Agustus 1956 yang dibuat di hadapan No. 150 dated 31 August 1956 drawn up
Notaris Eliza Pondaag, S.H. Akta pendirian before Eliza Pondaag, S.H. The Deed of
ini disahkan oleh Menteri Kehakiman Establishment was approved by the Minister of
Republik Indonesia dalam Surat Keputusan Justice of the Republic of Indonesia in Decree
No. J.A 5/78/4 tanggal 24 Oktober 1956, Letter No. J.A 5/78/4 dated 24 October 1956,
didaftarkan pada Pengadilan Negeri Jakarta as recorded at the Jakarta Court of Justice
dengan No. 1811 tanggal 27 Oktober 1956 under registration No. 1811 dated 27 October
dan telah diumumkan dalam Berita Negara 1956 and was published in State Gazette of
Republik Indonesia No. 96, Tambahan the Republic of Indonesia No. 96, Supplement
No.1243 tanggal 30 November 1956. No. 1243 dated 30 November 1956.
Bank memulai aktivitas perbankan secara The Bank's commercial banking activities
komersial pada tanggal 1 November 1956 began on 1 November 1956 based on the
berdasarkan Surat Keputusan Menteri Decision Letter of The Ministry of Finance of
Keuangan Republik Indonesia No. the Republic of Indonesia No. 203443/U.M.II
203443/U.M.II tanggal 15 Oktober 1956 dated 15 October 1956 about Granting
tentang Pemberian Izin Usaha PT Bank Business License of PT Bank Buana
Buana Indonesia berkedudukan di Jakarta. Indonesia located in Jakarta. Based on Article
Sesuai dengan Pasal 3 Anggaran Dasar 3 of the Bank’s Articles of Association, the
Bank, ruang lingkup kegiatan usaha Bank scope of the Bank’s business is to engage in
adalah menjalankan kegiatan umum general banking activities. The Bank also
perbankan. Bank telah memperoleh izin obtained a license to run the activities as a
untuk menjalankan aktivitas sebagai bank foreign bank based on Bank Indonesia (BI)
devisa berdasarkan Surat Keputusan Governor Decree No. 9/39/KEP/DIR/UD dated
Gubernur Bank Indonesia (BI) 22 July 1976.
No. 9/39/KEP/DIR/UD tanggal 22 Juli 1976.
Pada tahun 2000, Bank mengubah status In 2000, the Bank changed the status of the
Perseroan menjadi perusahaan terbuka Company into a public company with the initial
dengan melakukan penawaran umum public offering of as many as 194 million
perdana kepada masyarakat sebanyak 194 shares to the public. The status change of the
juta saham. Perubahan status Bank menjadi Bank into a public company has been
perusahaan terbuka telah disetujui oleh approved by Bapepam-LK based on the Letter
Bapepam-LK berdasarkan Surat Ketua from the Chairman of the Capital Market
Badan Pengawas Pasar Modal Supervisory Board No. S-1544/PM/2000,
No. S-1544/PM/2000, tanggal 27 Juni 2000. dated 27 June 2000. Furthermore, in 2002,
Selanjutnya pada tahun 2002, 2003 dan 2003 and 2006, the Bank conducted Limited
2006, Bank melakukan Penawaran Umum Public Offering I, II and III.
Terbatas I, II dan III.
10
Page 410
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. Umum (lanjutan) 1. General (continued)
a. Pendirian Bank dan Informasi Umum a. Establishment of the Bank and General
(lanjutan) Information (continued)
Pada tahun 2008, Rapat Umum Pemegang In 2008, the General Meeting of Shareholders
Saham (RUPS) Bank telah menyetujui of the Bank has approved the change in the
perubahan status Bank dari perusahaan Bank’s status from publicly listed to private
terbuka menjadi perusahaan tertutup dan company and delisted the Bank’s shares at
menghapuskan pencatatan (delisting) saham Indonesian Stock Exchange (BEI). The
Bank di Bursa Efek Indonesia (BEI). change in status, including the delisting
Perubahan status termasuk delisting tersebut process, had been conducted in compliance to
telah dilakukan sesuai dengan persyaratan the requirements determined by Financial
yang ditentukan oleh Otoritas Jasa Service Authority (formerly Capital Market and
Keuangan (dahulu Bapepam dan LK) dan Financial Institution Supervisory Agency) and
BEI, dan Bank telah menyelesaikan hak-hak BEI, and the Bank had settled the rights of
pemegang saham minoritas melalui proses minority shareholders through tender offer
penawaran tender sesuai dengan ketentuan process in accordance with applicable
yang berlaku. Berdasarkan Akta Pernyataan regulations. Pursuant to the Deed of
Keputusan Rapat Umum Pemegang Saham Statement of Resolutions of Extraordinary
Luar Biasa No. 16 tanggal 16 Januari 2009, Meeting of Shareholders No. 16 dated
dibuat di hadapan Fathiah Helmi, S.H., 16 January 2009, drawn up before Fathiah
Notaris di Jakarta dan telah disetujui oleh Helmi, S.H., Notary in Jakarta and approved
Kementerian Hukum dan Hak Asasi Manusia by the Minister of Laws and Human Rights
berdasarkan Surat Persetujuan No. AHU- through Letter of Approval No. AHU-
26687.AH.01.02. Tahun 2009 tanggal 26687.AH.01.02. Year 2009 dated 17 June
17 Juni 2009, Anggaran Dasar Bank telah 2009, the Articles of Association of the Bank
diubah sehubungan dengan perubahan have been amended in relation to the change
status Bank dari perusahaan terbuka (publik) in the Bank’s status from a publicly listed to a
menjadi perusahaan tertutup. private company.
Berdasarkan Akta Pernyataan Keputusan By virtue of Deed of Resolutions Statement of
Rapat Umum Pemegang Saham Luar Biasa Extraordinary General Meeting of
No. 12 tanggal 15 April 2010, dibuat di Shareholders No. 12 dated 15 April 2010,
hadapan Fathiah Helmi, S.H., Notaris di drawn up before Fathiah Helmi, S.H., Notary in
Jakarta dan telah diberitahukan kepada Jakarta and as notified to the Minister of Laws
Kementerian Hukum dan Hak Asasi Manusia and Human Rights through Letter of
berdasarkan Surat Penerimaan Notification Receipt No. AHU-AH.01.10-14548
Pemberitahuan No. AHU-AH.01.10-14548 dated 14 June 2010, the shareholders of the
tanggal 14 Juni 2010, para pemegang saham Bank (whose name at the time was PT Bank
Bank (yang pada saat itu bernama PT Bank UOB Buana) agreed to merge its business
UOB Buana) setuju untuk melakukan with a bank whose name at the time was
penggabungan usaha dengan suatu bank PT Bank UOB Indonesia.
yang pada saat itu bernama PT Bank UOB
Indonesia.
Pada tanggal 30 Juni 2010, Bank (yang pada On 30 June 2010, the Bank (whose name at
saat itu bernama PT Bank UOB Buana) the time was PT Bank UOB Buana) effectively
secara efektif menerima penggabungan accepted the business merger of PT Bank
usaha PT Bank UOB Indonesia. UOB Indonesia. This merger had obtained the
Penggabungan tersebut telah memperoleh approval of Bank Indonesia (BI) under Decree
persetujuan dari Bank Indonesia (BI) of BI Governor No. 12/45/KEP.GBI/2010 dated
berdasarkan Surat Keputusan Gubernur BI 10 June 2010 regarding Granting of Merger
No. 12/45/KEP.GBI/2010 tanggal 10 Juni Permit of PT Bank UOB Indonesia into
2010 tentang Pemberian Izin Penggabungan PT Bank UOB Buana. The permit still applies
Usaha (Merger) PT Bank UOB Indonesia ke as the business permit of the Bank as the
dalam PT Bank UOB Buana. Izin tersebut surviving bank.
tetap berlaku sebagai izin usaha Bank
sebagai perusahaan hasil penggabungan.
11
Page 411
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. Umum (lanjutan) 1. General (continued)
a. Pendirian Bank dan Informasi Umum a. Establishment of the Bank and General
(lanjutan) Information (continued)
Pada bulan Mei 2011, Bank melakukan In May 2011, the Bank changed its name from
perubahan nama dari PT Bank UOB Buana PT Bank UOB Buana into PT Bank UOB
menjadi PT Bank UOB Indonesia dan telah Indonesia and has obtained approval from BI
memperoleh persetujuan dari BI berdasarkan by virtue of BI Governor Decree No.
Surat Keputusan Gubernur BI 13/34/KEP.GBI/2011 dated 19 May 2011
No. 13/34/KEP.GBI/2011 tanggal 19 Mei regarding the Change of Business Permit Use
2011 tentang Perubahan Penggunaan Izin on Behalf of PT Bank UOB Buana into a
Usaha Atas Nama PT Bank UOB Buana Business License Under Name of PT Bank
menjadi Izin Usaha Atas Nama PT Bank UOB UOB Indonesia.
Indonesia.
Setelah pendiriannya, Anggaran Dasar Bank After its establishment, the Bank’s Articles of
telah mengalami beberapa kali perubahan, Association have been amended several
perubahan terakhir sebagaimana dinyatakan times, the latest amendment was stated on the
dalam Akta Pernyataan Keputusan Rapat Deed of State Resolutions of the Amendment
Perubahan Anggaran Dasar No. 38 tanggal of Articles of Association No. 38 dated
20 November 2023 mengenai perubahan 20 November 2023 change of Article 4
Pasal 4 ayat (2), yang dibuat di hadapan paragraph (2), drawn up before Aulia Taufani,
Aulia Taufani, S.H., Notaris di Jakarta. S.H., Notary in Jakarta. The amendment of the
Perubahan Anggaran Dasar Bank tersebut Bank’s Articles of Association has been
telah diterima dan dicatat dalam Sistem received and recorded by Ministry of Laws and
Administrasi Badan Hukum Kementerian Human Rights of the Republic of Indonesia as
Hukum dan Hak Asasi Manusia Republik stated in the Letter No. AHU-AH.01.03-
Indonesia No. AHU-AH.01.03-0145724 0145724 dated 23 November 2023.
tanggal 23 November 2023.
Kantor pusat Bank berlokasi di The Bank’s head office is located at Jl. M.H.
Jl. M.H. Thamrin No. 10, Jakarta. Pada Thamrin No. 10, Jakarta. As of 31 December
tanggal 31 Desember 2024, jaringan layanan 2024, the Bank’s service network covers 42
Bank mencakup 42 kantor cabang, 73 kantor branches, 73 sub-branches and 131 ATMs
cabang pembantu dan 131 ATM yang across 44 cities/regencies in 16 provinces
tersebar di 44 kota/kabupaten di 16 provinsi which collaborate with ATM Prima and ATM
yang bekerja sama dengan jaringan ATM Bersama networks, VISA global network and
Prima dan ATM Bersama, dan jaringan VISA regional ATM network of the United Overseas
di seluruh dunia, serta jaringan regional ATM Bank Limited business group.
grup usaha United Overseas Bank Limited.
Pada tanggal 26 Oktober 2023, Bank On 26 October 2023, the Bank has received
mendapatkan persetujuan Rapat Umum approval from the Extraordinary General
Pemegang Saham Luar Biasa untuk Meeting of Shareholders to increase the
meningkatkan modal ditempatkan dan Bank’s issued and paid-up capital by issuing
disetor Bank dengan cara mengeluarkan new shares of 1,040,946,745 shares with
saham baru sebanyak 1.040.946.745 lembar nominal amount of Rp250 (full amount) per
saham dengan nilai nominal masing-masing share with offering price of Rp1,441 (full
Rp250 (nilai penuh) per lembar saham amount) per share.
dengan harga penawaran Rp1.441 (nilai
penuh) per lembar saham.
12
Page 412
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. Umum (lanjutan) 1. General (continued)
a. Pendirian Bank dan Informasi Umum a. Establishment of the Bank and General
(lanjutan) Information (continued)
Bank dimiliki sebesar 68,943% oleh UOB The Bank is 68.943% owned by UOB
International Investment Private Limited International Investment Private Limited
(UOBII), anak perusahaan dari United (UOBII), a subsidiary of United Overseas Bank
Overseas Bank Limited, Singapura (UOB), Limited, Singapore (UOB), 30.056% is owned
30,056% dimiliki oleh UOB, 1,000% dimiliki by UOB, 1.000% is owned by Yayasan
oleh Yayasan Kesejahteraan Nusantara dan Kesejahteraan Nusantara and 0.001% is
sebesar 0,001% dimiliki oleh lain-lain owned by others (Note 25).
(Catatan 25).
Penawaran Umum Obligasi Public Offering of Bonds
Tanggal Jumlah pokok Tanggal Tingkat
penerbitan/ (nilai penuh)/ Jangka jatuh suku
Instrumen/ Issuance Nominal value waktu/ tempo/ bunga/ Wali amanat/
Instrument date (full amount) Tenor Due date Interest rate Trustee
Obligasi Subordinasi Berkelanjutan
IV Bank UOB Indonesia Tahap I
Tahun 2024/
Bank UOB Indonesia Subordinated PT Bank
Debt Shelf Offering IV Phase I 26 Jun/ 7 tahun/ 26 Jun/ Mandiri
Year 2024 Jun 2024 100.000.000.000 years Jun 2031 7,50% (Persero) Tbk
Obligasi Berkelanjutan IV Bank
UOB Indonesia Tahap I Tahun
2024/
Bank UOB Indonesia Senior Debt PT Bank
Shelf Offering IV Phase I Year 26 Jun/ 1 tahun/ 6 Jul/ Mandiri
2024 Jun 2024 100.000.000.000 year Jul 2025 6,70% (Persero) Tbk
Obligasi Subordinasi Berkelanjutan
III Bank UOB Indonesia Tahap I
Tahun 2022/
Bank UOB Indonesia Subordinated PT Bank
Debt Shelf Offering III Phase I 8 Mar/ 7 tahun/ 8 Mar/ Mandiri
Year 2022 Mar 2022 100.000.000.000 years Mar 2029 8,00% (Persero) Tbk
Obligasi Berkelanjutan III Bank
UOB Indonesia Tahap I Tahun
2022/
Bank UOB Indonesia Senior Debt PT Bank
Shelf Offering III Phase I Year 2 Sep/ 3 tahun/ 2 Sep/ Mandiri
2022 Sep 2021 100.000.000.000 years Sep 2024 5,65% (Persero) Tbk
Obligasi Subordinasi Berkelanjutan
II Bank UOB Indonesia Tahap II
Tahun 2019/
Bank UOB Indonesia Subordinated PT Bank
Debt Shelf Offering II Phase II 13 Nov/ 7 tahun/ 13 Nov/ Mandiri
Year 2019 Nov 2019 650.000.000.000 years Nov 2026 9,25% (Persero) Tbk
Obligasi Subordinasi Berkelanjutan
II Bank UOB Indonesia Tahap I
Tahun 2019/
Bank UOB Indonesia Subordinated PT Bank
Debt Shelf Offering II Phase I 5 Jul/ 7 tahun/ 5 Jul/ Mandiri
Year 2019 Jul 2019 100.000.000.000 years Jul 2026 9,85% (Persero) Tbk
Obligasi Subordinasi Berkelanjutan
I Bank UOB Indonesia Tahap II
Tahun 2017/
Bank UOB Indonesia Subordinated PT Bank
Debt Shelf Offering I Phase II 17 Okt/ 7 tahun/ 17 Okt/ Mandiri
Year 2017 Oct 2017 500.000.000.000 years Oct 2024 9,25% (Persero) Tbk
13
Page 413
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. Umum (lanjutan) 1. General (continued)
b. Dewan Komisaris, Direksi dan Karyawan b. The Board of Commissioners, the Board of
Directors and Employees
Susunan Dewan Komisaris pada tanggal The composition of the Bank’s Board of
31 Desember 2024 dan 2023 adalah Commissioners as of 31 December 2024 and
sebagai berikut: 2023 are as follows:
31 Desember 2024/
31 December 2024
Komisaris Utama Wee Ee Cheong President Commissioner
Wakil Komisaris Utama Chin Voon Fat Deputy President Commissioner
Komisaris Chan Kok Seong Commissioner
Komisaris Independen Wayan Alit Antara Independent Commissioner
Komisaris Independen VJH Boentaran Lesmana Independent Commissioner
Komisaris Independen Johanes Susilo Independent Commissioner
31 Desember 2023/
31 December 2023
Komisaris Utama Wee Ee Cheong President Commissioner
Wakil Komisaris Utama Chin Voon Fat Deputy President Commissioner
Komisaris Chan Kok Seong Commissioner
Komisaris Independen Wayan Alit Antara Independent Commissioner
Komisaris Independen VJH Boentaran Lesmana Independent Commissioner
Komisaris Independen Johanes Susilo1) Independent Commissioner
1)
Johanes Susilo diangkat sebagai Komisaris Independen berdasarkan keputusan Rapat Umum Pemegang Saham Luar Biasa tanggal 26 Oktober 2023 dan telah
mendapatkan persetujuan dari Otoritas Jasa Keuangan sehingga telah efektif menjabat sejak tanggal 30 Januari 2024./ Johanes Susilo has been appointed as
Independent Commissioner based on the resolution of the Extraordinary General Meeting of Shareholders dated 26 October 2023 and has obtained approval
from Financial Services Authority therefore has effectively served since 30 January 2024.
Susunan Direksi Bank pada tanggal The composition of the Bank’s Board of
31 Desember 2024 dan 2023 adalah sebagai Directors as of 31 December 2024 and 2023
berikut: are as follows:
31 Desember 2024/
31 December 2024
Direktur Utama Hendra Gunawan President Director
Direktur Keuangan dan Finance and Corporate
Layanan Korporasi Teh Han Yi Services Director
Direktur Kepatuhan, Legal Compliance, Legal and
dan Sekretaris Perusahaan Ardhi Wibowo Corporate Secretary Director
Direktur Teknologi dan Operasional Paul Rafiuly Technology and Operations Director
Direktur Wholesale Banking Harapman Kasan Wholesale Banking Director
Direktur Global Markets Sonny Samuel Global Markets Director
Direktur Manajemen Risiko Henry Santoso Risk Management Director
Direktur Consumer Banking Cristina Teh Tan2) Consumer Banking Director
2)
Cristina Teh Tan diangkat sebagai Direktur Consumer Banking berdasarkan keputusan Rapat Umum Pemegang Saham Tahunan tanggal 30 April 2024 dan telah
efektif menjabat sejak tanggal 22 Mei 2024./ Cristina Teh Tan has been appointed as Consumer Banking Director based on the resolution of the Annual General
Meeting of Shareholders dated 30 April 2024 and has effectively served since 22 May 2024.
14
Page 414
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. Umum (lanjutan) 1. General (continued)
b. Dewan Komisaris, Direksi dan Karyawan b. The Board of Commissioners, the Board
(lanjutan) of Directors and Employees (continued)
Susunan Direksi Bank pada tanggal The composition of the Bank’s Board of
31 Desember 2024 dan 2023 adalah sebagai Directors as of 31 December 2024 and 2023
berikut: (lanjutan) are as follows: (continued)
31 Desember/
31 December 2023
Direktur Utama Hendra Gunawan President Director
Direktur Keuangan dan Finance and Corporate
Layanan Korporasi Teh Han Yi Services Director
Direktur Kepatuhan, Legal Compliance, Legal and
dan Sekretaris Perusahaan Ardhi Wibowo Corporate Secretary Director
Direktur Teknologi dan Operasional Paul Rafiuly Technology and Operations Director
Direktur Wholesale Banking Harapman Kasan Wholesale Banking Director
Direktur Global Markets Sonny Samuel Global Markets Director
Direktur Strategic Business Strategic Business
Development, Retail & Channels Development, Retail & Channels
Transformation Choi Yau Chi3) Transformation Director
Direktur Manajemen Risiko Henry Santoso Risk Management Director
3)
Choi Yau Chi telah mengundurkan diri dari jabatannya sebagai Direktur Strategic Business Development, Retail & Channels Transformation efektif pada tanggal
30 Juni 2024./ Choi Yau Chi had resigned from his position as Strategic Business Development, Retail & Channels Transformation Director effective as of 30
June 2024.
Pada tanggal 31 Desember 2024 dan 2023, As of 31 December 2024 and 2023, the
susunan Komite Audit diputuskan melalui composition of the Audit Committee was
Rapat Dewan Komisaris tanggal 4 April 2023 appointed based on the Resolution of the
dan ditetapkan berdasarkan Surat Board of Commissioners Meeting on 4 April
Keputusan Direksi No. 23/SKDIR/0057 2023 and established by Decree of the Board
tanggal 3 Mei 2023. of Directors No. 23/SKDIR/0057 dated 3 May
2023.
Susunan Komite Audit pada tanggal The composition of the Audit Committee as of
31 Desember 2024 dan 2023 adalah sebagai 31 December 2024 and 2023 are as follows:
berikut:
31 Desember/
December 2024 and 2023
Ketua Komite Audit VJH Boentaran Lesmana4) Chairman of Audit Committee
Anggota Humbul Kristiawan Member
Anggota Burlita Member
4)
VJH Boentaran Lesmana efektif menjabat sebagai Ketua Komite Audit sejak tanggal 3 Mei 2023./ VJH Boentaran Lesmana effectively served as Chairman of
Audit Committee since 3 May 2023.
Pada tanggal 31 Desember 2024 dan 2023, As of 31 December 2024 and 2023, Corporate
Kepala Sekretaris Perusahaan adalah Secretary Head is Susilowati based on
Susilowati berdasarkan Surat Keputusan the Board of Directors’ Decree
Direksi No. 15/SKDIR/0021 tanggal 25 Juni No. 15/SKDIR/0021 dated 25 June 2015.
2015.
Pada tanggal 31 Desember 2024 dan 2023, As of 31 December 2024 and 2023, Internal
Kepala Satuan Kerja Audit Intern (Kepala Audit Unit Head is Imbang Perdana Satryawan
SKAI) adalah Imbang Perdana Satryawan based on the Board of Directors’ Decree
berdasarkan Surat Keputusan Direksi No. 22/SKDIR/0007 dated 27 January 2022.
No. 22/SKDIR/0007 tanggal 27 Januari 2022.
15
Page 415
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. Umum (lanjutan) 1. General (continued)
b. Dewan Komisaris, Direksi dan Karyawan b. The Board of Commissioners, the Board of
(lanjutan) Directors and Employees (continued)
Imbalan kerja jangka pendek yang diterima Short-term employee benefits received by the
oleh Dewan Komisaris dan Direksi Bank Bank’s Board of Commissioners and the Board
untuk tahun yang berakhir pada tanggal of Directors for the years ended 31 December
31 Desember 2024 dan 2023 masing-masing 2024 and 2023 amounting to Rp122,296 and
sebesar Rp122.296 dan Rp96.194 Rp96,194, respectively (Note 37g).
(Catatan 37g).
Imbalan kerja jangka panjang yang diterima Long-term employee benefits received by the
oleh Dewan Komisaris dan Direksi Bank Bank’s Board of Commissioners and the Board
untuk tahun yang berakhir pada tanggal of Directors for the years ended 31 December
31 Desember 2024 dan 2023 masing-masing 2024 and 2023 amounting to Rp15,793 and
sebesar Rp15.793 dan Rp12.588. Biaya Rp12,588, respectively. Expenses incurred by
yang dikeluarkan oleh Bank terkait program the Bank relating to post-employment benefits
imbalan pasca kerja Dewan Komisaris dan of the Bank’s Board of Commissioners and the
Direksi Bank dengan jumlah masing-masing Board of Directors amounting to Rp1,786 and
sebesar Rp1.786 dan Rp1.707 untuk tahun Rp1,707 for the year ended 31 December 2024
yang berakhir pada tanggal 31 Desember and 2023, respectively (Note 37g).
2024 dan 2023 (Catatan 37g).
Pada tanggal 31 Desember 2024 dan 2023, As of 31 December 2024 and 2023, the Bank
Bank memiliki total karyawan masing-masing had 4,002 and 4,252 employees, respectively
sebanyak 4.002 dan 4.252 orang (tidak (unaudited).
diaudit).
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material Information
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: set out below:
a. Dasar Penyajian Laporan Keuangan a. Basis of Preparation of the Financial
Statements
Laporan keuangan disusun dan disajikan The financial statements have been prepared
sesuai dengan Standar Akuntansi Keuangan and presented in accordance with Indonesian
di Indonesia dan Peraturan Bapepam dan LK Financial Accounting Standards and Bapepam
No. VIII.G.7 Lampiran Keputusan Ketua and LK regulation No. VIII.G.7 Attachment of
Bapepam dan LK No. KEP-347/BL/2012 the Chairman of Bapepam and LK’s decree
tanggal 25 Juni 2012 tentang “Pedoman No. KEP-347/BL/2012 dated 25 June 2012
Penyajian dan Pengungkapan Laporan regarding “Guidelines for Financial Statements
Keuangan Emiten atau Perusahaan Publik”. Presentation and Disclosure for Issuer or
Public Companies”.
Laporan keuangan kecuali laporan arus kas, The financial statements, except for the
disusun dengan dasar akrual dan statement of cash flows, are prepared using
berdasarkan konsep biaya historis, kecuali the accrual basis and based on historical cost
beberapa akun tertentu yang disusun concept, except for certain accounts which are
berdasarkan pengukuran lain sebagaimana measured on the bases described in the
diuraikan dalam kebijakan akuntansi masing- related accounting policies for those accounts.
masing akun tersebut.
16
Page 416
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
a. Dasar Penyajian Laporan Keuangan a. Basis of Preparation of the Financial
(lanjutan) Statements (continued)
Laporan arus kas disusun menggunakan The statement of cash flows have been
metode langsung yang dimodifikasi dan arus prepared using the modified direct method and
kas dikelompokkan atas dasar aktivitas the cash flows have been classified on the
operasi, investasi dan pendanaan. Kas dan basis of operating, investing and financing
setara kas terdiri dari kas, giro pada Bank activities. Cash and cash equivalents consist
Indonesia dan giro pada bank lain, of cash, current accounts with Bank Indonesia
penempatan pada Bank Indonesia dan bank and current accounts with other banks,
lain, dan investasi keuangan yang jatuh placements with Bank Indonesia and other
tempo dalam waktu 3 bulan sejak tanggal banks, and financial investments, maturing
perolehan, sepanjang tidak digunakan within 3 months or less from the acquisition
sebagai jaminan atas pinjaman yang diterima date provided they are not used as collateral
serta tidak dibatasi penggunaannya. for borrowings nor restricted.
Pos-pos dalam Penghasilan Komprehensif The items under Other Comprehensive
Lainnya disajikan terpisah antara akun-akun Income (OCI) are presented separately
yang akan direklasifikasikan ke laba rugi dan between items to be reclassified to profit or
akun-akun yang tidak akan direklasifikasikan loss and those items not to be reclassified to
ke laba rugi. profit or loss.
Dalam penyusunan laporan keuangan sesuai The preparation of financial statements in
dengan Standar Akuntansi Keuangan di conformity with Indonesian Financial
Indonesia, dibutuhkan estimasi dan asumsi Accounting Standards requires the use of
yang mempengaruhi: estimates and assumptions that affect:
- Nilai aset dan liabilitas yang dilaporkan, - The reported amounts of assets and
dan pengungkapan atas aset dan liabilitas liabilities and disclosure of contingent
kontinjensi pada tanggal laporan assets and liabilities at the date of financial
keuangan. statements.
- Jumlah pendapatan dan beban selama - The reported amounts of revenues and
periode pelaporan. expenses during the reporting period.
Walaupun estimasi ini dibuat berdasarkan Although these estimates are based on
pengetahuan terbaik Manajemen atas Management’s best knowledge of current
kejadian dan aktivitas saat ini, hasil akhir events and activities, actual results may differ
mungkin berbeda dengan jumlah yang from those estimates.
diestimasi.
Mata uang penyajian yang digunakan dalam The presentation currency used in the financial
laporan keuangan adalah mata uang Rupiah, statement is Indonesian Rupiah, which is the
yang merupakan mata uang fungsional Bank. functional currency of the Bank. Figures in the
Seluruh angka dalam laporan keuangan ini, financial statements are rounded to and stated
kecuali dinyatakan secara khusus, dibulatkan in millions of Rupiah unless otherwise stated.
menjadi jutaan Rupiah.
17
Page 417
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
b. Kombinasi Bisnis b. Business Combination
Bank menerapkan metode akuntansi akuisisi The Bank applies the acquisition accounting
untuk mencatat akuisisi bisnis konsumen method in acquiring of the consumer business
Citibank, N.A., Indonesia (Citi), yang of Citibank, N.A., Indonesia (Citi), which is
dianggap sebagai kombinasi bisnis considered as business combinations
(Catatan 3). Imbalan yang dialihkan untuk (Note 3). The consideration transferred for the
akuisisi adalah sebesar nilai wajar aset yang acquisition of a subsidiary is the fair value of
dialihkan dan liabilitas yang diakui pada the assets transferred, the liabilities incurred at
tanggal akuisisi. Aset teridentifikasi yang the date of acquisition. Identifiable assets
diperoleh dan liabilitas yang diambil alih acquired and liabilities in a business
dalam suatu kombinasi bisnis pada awalnya combination are measured initially at their fair
diukur sebesar nilai wajar pada tanggal values at the acquisition date.
akuisisi.
Selisih lebih imbalan yang dialihkan dan nilai The excess of the consideration transferred
wajar aset bersih teridentifikasi pada saat and the fair value of the net identifiable assets
akuisisi yang diperoleh dicatat sebagai acquired at acquisition date is recorded as
goodwill (Catatan 2q). Biaya yang terkait goodwill (Note 2q). Acquisition-related costs
dengan akuisisi dibebankan pada saat are expensed as incurred.
terjadinya.
Bank menentukan bahwa mereka telah The Bank determines that it has acquired a
mengakuisisi bisnis ketika rangkaian aktivitas business when the acquired set of activities
dan aset yang diakuisisi mencakup input dan and assets include an input and a substantive
proses substantif yang bersama-sama process that together significantly contribute to
secara signifikan berkontribusi pada the ability to create outputs.
kemampuan untuk menghasilkan output.
Proses yang diperoleh adalah substantif jika The acquired process is considered
penting bagi kemampuan untuk terus substantive if it is critical to the ability to
menghasilkan output dan input yang continue producing outputs and the inputs
diperoleh mencakup tenaga kerja yang acquired include an organized workforce with
terorganisir dengan keterampilan, the necessary skills, knowledge, or experience
pengetahuan, atau pengalaman yang to perform that process or it significantly
diperlukan untuk melakukan proses itu atau contributes to the ability to continue producing
secara signifikan berkontribusi pada outputs and is considered unique or scarce or
kemampuan untuk terus menghasilkan cannot be replaced without significant cost,
output dan dianggap unik atau langka atau effort, or delay in the ability to continue
tidak dapat diganti tanpa biaya, usaha, atau producing outputs.
penundaan yang signifikan dalam
kemampuan untuk terus menghasilkan
output.
Ketika melakukan akuisisi atas sebuah When the Bank acquires a business, it
bisnis, Bank mengklasifikasikan dan assesses the financial assets acquired and
menentukan aset keuangan yang diperoleh liabilities assumed for appropriate
dan liabilitas keuangan yang diambil alih classification and designation in accordance
berdasarkan pada persyaratan kontraktual, with the contractual terms, economic
kondisi ekonomi dan kondisi terkait lain yang circumstances and pertinent conditions as at
ada pada tanggal akuisisi. the acquisition date.
18
Page 418
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
b. Kombinasi Bisnis (lanjutan) b. Business Combination (continued)
Periode pengukuran adalah periode setelah The measurement period is the period after
tanggal akuisisi yang didalamnya Bank dapat the acquisition date during which the Bank
melakukan penyesuaian atas jumlah may adjust the provisional amounts
sementara yang diakui dalam kombinasi recognized for a business combination. During
bisnis tersebut. Selama periode pengukuran, the measurement period, the Bank recognizes
Bank mengakui penambahan aset atau additional assets or liabilities if new
liabilitas bila terdapat informasi terbaru yang information is obtained about facts and
diperoleh mengenai fakta dan keadaan pada circumstances that existed as of the
tanggal akuisisi. acquisition date.
Pada tanggal akuisisi, goodwill awalnya At acquisition date, goodwill is initially
diukur pada harga perolehan yang measured at cost being the excess of the
merupakan selisih lebih nilai agregat dari aggregate of the consideration transferred and
imbalan yang dialihkan dan jumlah setiap the amount recognized for non-controlling
kepentingan non-pengendali atas selisih interest over the net identifiable assets
jumlah dari aset teridentifikasi yang diperoleh acquired and liabilities assumed.
dan liabilitas yang diambil alih.
Setelah pengakuan awal, goodwill diukur After initial recognition, goodwill is measured
pada jumlah tercatat dikurangi akumulasi at cost less any accumulated impairment
kerugian penurunan nilai. Untuk tujuan losses. For the purpose of impairment testing,
pengujian penurunan nilai, goodwill yang goodwill acquired in a business combination
diperoleh dari suatu kombinasi bisnis, sejak is, from the acquisition date, allocated to each
tanggal akuisisi dialokasikan kepada setiap of the Bank’s Cash-generating Units (“CGU”)
Unit Penghasil Kas (“UPK”) dari Bank yang that are expected to benefit from the
diharapkan akan menerima manfaat dari combination, irrespective of whether other
sinergi kombinasi tersebut, terlepas dari assets or liabilities of the acquiree are
apakah aset atau liabilitas lain dari pihak allocated to those CGUs.
yang diakuisisi dialokasikan kepada UPK
tersebut.
Jika goodwill telah dialokasikan pada suatu Where goodwill forms part of a CGU and part
UPK dan operasi tertentu atas UPK tersebut of the operations within that CGU is disposed
dihentikan, maka goodwill yang of, the goodwill associated with the operation
diasosiasikan dengan operasi yang disposed of is included in the carrying amount
dihentikan tersebut termasuk dalam jumlah of the operation when determining the gain or
tercatat operasi tersebut ketika menentukan loss on disposal of the operation. Goodwill
keuntungan atau kerugian dari pelepasan. disposed of in this circumstance is measured
Goodwill yang dilepaskan tersebut diukur based on the relative values of the operation
berdasarkan nilai relatif operasi yang disposed of and the portion of the CGU
dihentikan terhadap bagian dari UPK yang retained.
ditahan.
19
Page 419
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
c. Transaksi dengan Pihak Berelasi c. Transactions with Related Parties
Dalam menjalankan usahanya, Bank In the normal course of its business, the Bank
melakukan transaksi dengan pihak berelasi enters into transactions with related parties
seperti yang didefinisikan dalam Pernyataan which are defined under Statement of
Standar Akuntansi Keuangan (PSAK) 224 Financial Accounting Standard (SFAS) 224
tentang “Pengungkapan Pihak-pihak regarding “Related Party Disclosures”.
Berelasi”.
Seluruh transaksi yang signifikan dengan All significant transactions with related parties
pihak berelasi telah diungkapkan dalam are disclosed in the notes to the financial
catatan atas laporan keuangan. statements.
Pihak berelasi adalah orang atau entitas A related party is a person or entity that is
yang terkait dengan entitas yang menyiapkan related to the entity that is preparing its
laporan keuangannya (entitas pelapor). Yang financial statements (reporting entity). The
termasuk pihak berelasi adalah sebagai related parties are as follows:
berikut:
1. Orang atau anggota keluarga terdekat 1. A person or a close member of that
mempunyai relasi dengan entitas person’s family is related to a reporting
pelapor jika orang tersebut: entity if that person:
a. Memiliki pengendalian atau a. Has control or joint control of the
pengendalian bersama atas entitas reporting entity;
pelapor;
b. Memiliki pengaruh signifikan atas b. Has significant influence over the
entitas pelapor; atau reporting entity; or
c. Merupakan personil manajemen c. Is a member of the key management
kunci entitas pelapor atau entitas personnel of the reporting entity or of
induk pelapor. a parent of the reporting entity.
2. Suatu entitas berelasi dengan entitas 2. An entity is related to a reporting entity if
pelapor jika memenuhi salah satu hal any of the following condition applies:
sebagai berikut:
a. Entitas dan entitas pelapor adalah a. The entity and the reporting entity are
anggota dari kelompok usaha yang members of the same group (which
sama (artinya entitas induk, entitas means that each parent, subsidiary
anak, dan entitas anak berikutnya and fellow subsidiary is related to the
terkait dengan entitas lain); others);
b. Suatu entitas adalah entitas b. One entity is an associate or joint
asosiasi atau ventura bersama dari venture of the other entity (or an
entitas lain (atau entitas asosiasi associate or joint venture of a
atau ventura bersama yang member of a group of which the other
merupakan anggota suatu entity is a member);
kelompok usaha, yang mana entitas
lain adalah anggotanya);
c. Kedua entitas tersebut adalah c. Both entities are joint ventures of the
ventura bersama dari pihak ketiga same third party;
yang sama;
20
Page 420
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
c. Transaksi dengan Pihak Berelasi (lanjutan) c. Transactions with Related Parties
(continued)
Pihak berelasi adalah orang atau entitas A related party is a person or entity that is
yang terkait dengan entitas yang menyiapkan related to the entity that is preparing its
laporan keuangannya (entitas pelapor). Yang financial statements (reporting entity). The
termasuk pihak berelasi adalah sebagai related parties are as follows: (continued)
berikut: (lanjutan)
2. Suatu entitas berelasi dengan entitas 2. An entity is related to a reporting entity if
pelapor jika memenuhi salah satu hal any of the following condition applies:
sebagai berikut: (lanjutan) (continued)
d. Suatu entitas adalah ventura d. One entity is a joint venture of a third
bersama dari entitas ketiga dan party and the other entity is an
entitas yang lain adalah entitas associate of the third entity;
asosiasi dari entitas ketiga;
e. Entitas tersebut adalah sebuah e. The entity is a post-employment
program imbalan pasca kerja untuk benefit plan for the benefits of
imbalan kerja dari salah satu entitas employees of either the reporting
pelapor atau entitas yang terkait entity or an entity related to the
dengan entitas pelapor; reporting entity;
f. Entitas yang dikendalikan atau f. The entity is controlled or jointly
dikendalikan bersama oleh orang controlled by a person identified in
yang diidentifikasi sebagaimana (1); or
dimaksud dalam angka (1); atau
g. Orang yang diidentifikasi g. A person identified in (1) (a) has
sebagaimana dimaksud dalam significant influence over the entity or
angka (1) huruf (a) memiliki is a member of the key management
pengaruh signifikan atas entitas personnel of the entity (or of a parent
atau merupakan manajemen kunci of the entity).
entitas (atau entitas induk dari
entitas).
h. Entitas, atau anggota dari kelompok h. The entity, or any member of a group
dimana entitas merupakan bagian of which it is a part provides key
dari kelompok tersebut management personnel services to
menyediakan jasa personil the reporting entity or to the parent of
manajemen kunci kepada entitas the reporting entity.
pelapor atau kepada entitas induk
dari entitas pelapor.
d. Aset dan Liabilitas Keuangan d. Financial Assets and Liabilities
1) Klasifikasi 1) Classification
Bank mengklasifikasikan aset The Bank classifies its financial assets
keuangannya berdasarkan kategori according to the following categories at
sebagai berikut pada saat pengakuan initial recognition:
awal:
- Aset keuangan yang diukur pada - Financial assets measured at fair
nilai wajar melalui laba rugi; value through profit or loss;
- Aset keuangan yang diukur pada - Financial assets that are measured at
nilai wajar melalui penghasilan fair value through other
komprehensif lain; comprehensive income;
21
Page 421
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
1) Klasifikasi (lanjutan) 1) Classification (continued)
Bank mengklasifikasikan aset The Bank classifies its financial assets
keuangannya berdasarkan kategori according to the following categories at
sebagai berikut pada saat pengakuan initial recognition: (continued)
awal: (lanjutan)
- Aset keuangan yang diukur pada - Financial assets measured at
biaya perolehan diamortisasi. amortized cost.
Aset keuangan diukur pada biaya Financial assets are measured at
perolehan diamortisasi jika memenuhi amortized cost if they meet the following
kondisi sebagai berikut: conditions:
- Aset keuangan dikelola dalam - Financial assets are managed in a
model bisnis yang bertujuan untuk business model that aims to have
memiliki aset keuangan dalam financial assets in order to obtain
rangka mendapatkan arus kas contractual cash flow (“hold to
kontraktual (“hold to collect”); dan collect”); and
- Persyaratan kontraktual dari aset - The contractual terms of the financial
keuangan tersebut memberikan hak assets provide rights on a certain date
pada tanggal tertentu atas arus kas for cash flow obtained solely from
yang diperoleh semata dari payment of principal and interest
pembayaran pokok dan bunga (SPPI) on the principal amount owed
(SPPI) dari jumlah pokok terutang.
Aset keuangan diukur pada nilai wajar Financial assets are measured at fair
melalui penghasilan komprehensif lain value through other comprehensive
jika memenuhi kondisi sebagai berikut: income if they meet the following
conditions:
- Aset keuangan dikelola dalam - Financial assets are managed in a
model bisnis yang bertujuan untuk business model that aims to obtain
mendapatkan arus kas kontraktual contractual cash flow and sell financial
dan menjual aset keuangan (“hold assets (“hold to collect and sell”); and
to collect and sell”); dan
- Persyaratan kontraktual dari aset - The contractual requirements of the
keuangan tersebut memenuhi financial assets meet the SPPI criteria.
kriteria SPPI.
Pada saat pengakuan awal, Bank dapat At initial recognition, the Bank may make
membuat pilihan yang tidak dapat an irrevocable choice to present equity
dibatalkan untuk menyajikan instrumen instruments that are not held for trading at
ekuitas yang bukan dimiliki untuk fair value through other comprehensive
diperdagangkan pada nilai wajar melalui income.
penghasilan komprehensif lain.
Aset keuangan lainnya yang tidak Other financial assets that do not meet the
memenuhi persyaratan untuk requirements to be classified as financial
diklasifikasikan sebagai aset keuangan assets measured at amortized cost or fair
diukur pada biaya perolehan value through other comprehensive
diamortisasi atau nilai wajar melalui income are classified as measured at fair
penghasilan komprehensif lain value through profit or loss.
diklasifikasikan sebagai diukur pada nilai
wajar melalui laba rugi.
22
Page 422
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
1) Klasifikasi (lanjutan) 1) Classification (continued)
Saat pengakuan awal, Bank dapat At initial recognition, the Bank can make
membuat penetapan yang tidak dapat an irrevocable determination to measure
dibatalkan untuk mengukur aset yang assets that meet the requirements to be
memenuhi persyaratan untuk diukur measured at amortized cost or fair value
pada biaya perolehan diamortisasi atau through other comprehensive income at
nilai wajar melalui penghasilan fair value through profit or loss, if the
komprehensif lain pada nilai wajar determination eliminates or significantly
melalui laba rugi, apabila penetapan reduces the measurement or recognition
tersebut mengeliminasi atau secara inconsistencies (sometimes referred to as
signifikan mengurangi inkonsistensi "accounting mismatch").
pengukuran atau pengakuan (kadang
disebut sebagai “accounting mismatch”).
Penilaian model bisnis Business models valuation
Model bisnis ditentukan pada level yang The business model is determined at a
mencerminkan bagaimana kelompok level that reflects how groups of financial
aset keuangan dikelola bersama-sama assets are managed together to achieve
untuk mencapai tujuan bisnis tertentu. certain business objectives.
Penilaian model bisnis dilakukan dengan The evaluation of the business model is
mempertimbangkan, tetapi tidak carried out by considering, but not limited
terbatas pada hal-hal berikut: to the following:
- Bagaimana kinerja dari model bisnis - How the performance of the business
dan aset keuangan yang dimiliki model and financial assets held in the
dalam model bisnis dievaluasi dan business model are evaluated and
dilaporkan kepada personil reported to the Bank's key
manajemen kunci Bank; management personnel;
- Apakah risiko yang memengaruhi - What risks affect the performance of
kinerja dari model bisnis (termasuk the business model (including financial
aset keuangan yang dimiliki dalam assets held in the business model) and
model bisnis) dan khususnya specifically how the financial assets are
bagaimana cara aset keuangan managed; and
tersebut dikelola; dan
- Bagaimana penilaian kinerja - How to evaluate the performance of
pengelola aset keuangan (sebagai managers of financial assets (for
contoh, apakah penilaian kinerja example, whether performance
berdasarkan nilai wajar dari aset appraisals are based on the fair value
yang dikelola atau arus kas of the assets being managed or the
kontraktual yang diperoleh). contractual cash flows obtained).
Aset keuangan yang dimiliki untuk Financial assets held for trading or
diperdagangkan atau dikelola dan managing and which performance
penilaian kinerja berdasarkan nilai wajar appraisals based on fair value are
diukur pada nilai wajar melalui laba rugi. measured at fair value through profit or
loss.
23
Page 423
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
1) Klasifikasi (lanjutan) 1) Classification (continued)
Penilaian model bisnis (lanjutan) Business models valuation (lanjutan)
Derivatif juga dikategorikan dalam Derivatives are also categorized under
kelompok ini, kecuali derivatif yang this classification, unless they are
ditetapkan sebagai instrumen lindung designated as effective hedging
nilai efektif. instruments.
Penilaian mengenai arus kas Evaluation of contractual cash flows
kontraktual yang diperoleh semata- obtained solely from payment of
mata dari pembayaran pokok dan principal and interest (SPPI)
bunga (SPPI)
Untuk tujuan penilaian ini, pokok For the purpose of this valuation, principal
didefinisikan sebagai nilai wajar dari aset is defined as the fair value of financial
keuangan pada saat pengakuan awal. assets at initial recognition. Interest is
Bunga didefinisikan sebagai imbalan defined as compensation for the time
untuk nilai waktu atas uang dan risiko value of money and credit risk in relation
kredit terkait jumlah pokok terutang pada to the principal amount owed over
periode waktu tertentu dan juga risiko a certain period of time and also the risk
dan biaya peminjaman standar, serta and standard borrowing costs, as well as
marjin laba. profit margins.
Penilaian mengenai arus kas kontraktual An assessment of contractual cash flows
yang diperoleh semata-mata dari obtained solely from principal and interest
pembayaran pokok dan bunga dilakukan payments is made by considering
dengan mempertimbangkan persyaratan contractual terms, including whether
kontraktual, termasuk apakah aset financial assets contain contractual terms
keuangan mengandung persyaratan that can change the timing or amount of
kontraktual yang dapat mengubah waktu contractual cash flows. In assessing, the
atau jumlah arus kas kontraktual. Dalam Bank considers:
melakukan penilaian, Bank
mempertimbangkan:
- Peristiwa kontinjensi yang akan - Contingency events that will change
mengubah waktu atau jumlah arus the timing or amount of contractual
kas kontraktual; cash flow;
- Fitur leverage; - Leverage feature;
- Persyaratan pembayaran di muka - Terms of advance payment and
dan perpanjangan kontraktual; contractual extension;
- Persyaratan mengenai klaim yang - Requirements regarding limited claims
terbatas atas arus kas yang berasal for cash flows from specific assets; and
dari aset spesifik; dan
- Fitur yang dapat mengubah nilai - Features that can change the time
waktu dari elemen uang. value of the money element.
24
Page 424
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
1) Klasifikasi (lanjutan) 1) Classification (continued)
Penilaian mengenai arus kas Evaluation of contractual cash flows
kontraktual yang diperoleh semata- obtained solely from payment of
mata dari pembayaran pokok dan principal and interest (SPPI) (continued)
bunga (SPPI) (lanjutan)
Liabilitas keuangan diklasifikasikan ke Financial liabilities are classified into the
dalam kategori sebagai berikut pada following categories at initial recognition:
saat pengakuan awal:
- Liabilitas keuangan yang diukur pada - Financial liabilities at fair value through
nilai wajar melalui laporan laba rugi, profit or loss, which has 2 (two) sub-
yang memiliki 2 (dua) sub-klasifikasi, classifications, i.e., those designated
yaitu liabilitas keuangan yang as such upon initial recognition and
ditetapkan demikian pada saat those classified as held for trading;
pengakuan awal dan liabilitas
keuangan yang telah diklasifikasikan
dalam kelompok diperdagangkan;
- Liabilitas keuangan lain yang tidak - Other financial liabilities that are not
diklasifikasikan sebagai liabilitas classified as financial liabilities at fair
keuangan yang diukur pada nilai value through profit or loss are
wajar melalui laba rugi dikategorikan categorized and measured at
dan diukur dengan biaya perolehan amortized cost.
diamortisasi.
Berikut klasifikasi instrumen keuangan Below are financial instruments
Bank berdasarkan PSAK 109: classification of the Bank based on SFAS
109:
Instrumen keuangan/ Kategori yang didefinisikan oleh PSAK 109/
Financial instruments Category as defined by SFAS 109
Kas/ Aset keuangan yang diukur pada biaya perolehan
Cash yang diamortisasi/Financial assets at amortized cost
Giro pada Bank Indonesia/
Aset keuangan yang diukur pada biaya perolehan
Current accounts with Bank
yang diamortisasi/Financial assets at amortized cost
Indonesia
Aset Giro pada bank lain/ Aset keuangan yang diukur pada biaya perolehan
keuangan/ Current accounts with other banks yang diamortisasi/Financial assets at amortized cost
Financial Penempatan pada Bank Indonesia
assets dan bank lain/ Aset keuangan yang diukur pada biaya perolehan
Placements with Bank Indonesia and yang diamortisasi/Financial assets at amortized cost
other banks
Aset keuangan yang diukur pada nilai wajar melalui
Efek-efek yang diperdagangkan/
laba rugi/Financial assets at fair value through profit or
Trading securities
loss
25
Page 425
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
1) Klasifikasi (lanjutan) 1) Classification (continued)
Berikut klasifikasi instrumen keuangan Below are financial instruments
Bank berdasarkan PSAK 109: (lanjutan) classification of the Bank based on
SFAS 109: (continued)
Instrumen keuangan/ Kategori yang didefinisikan oleh PSAK 109/
Financial instruments Category as defined by SFAS 109
Aset keuangan yang diukur pada nilai wajar melalui
penghasilan komprehensif lain/Financial assets at fair
Investasi keuangan/ value through other comprehensive income
Financial investments
Aset keuangan yang diukur pada biaya perolehan yang
diamortisasi/Financial assets at amortized cost
Aset keuangan yang diukur pada nilai wajar melalui
Tagihan derivatif/
laba rugi/Financial assets at fair value through profit or
Derivative receivables
loss
Aset
Kredit yang diberikan/ Aset keuangan yang diukur pada biaya perolehan yang
keuangan/
Loans diamortisasi/Financial assets at amortized cost
Financial
Aset keuangan yang diukur pada nilai wajar melalui
assets
Tagihan atas surat berharga yang laba rugi/Financial assets at fair value through profit or
dibeli dengan janji dijual kembali/ loss
Receivables on securities
purchased with agreements to resell Aset keuangan yang diukur pada biaya perolehan yang
diamortisasi/Financial assets at amortized cost
Tagihan akseptasi/ Aset keuangan yang diukur pada biaya perolehan yang
Acceptance receivables diamortisasi/Financial assets at amortized cost
Aset lain-lain/ Aset keuangan yang diukur pada biaya perolehan yang
Other assets diamortisasi/Financial assets at amortized cost
Liabilitas segera/ Liabilitas keuangan yang diukur pada biaya perolehan
Current liabilities yang diamortisasi/Financial liabilities at amortized cost
Simpanan dari nasabah/ Liabilitas keuangan yang diukur pada biaya perolehan
Deposits from customers yang diamortisasi/Financial liabilities at amortized cost
Simpanan dari bank lain/ Liabilitas keuangan yang diukur pada biaya perolehan
Deposits from other banks yang diamortisasi/Financial liabilities at amortized cost
Bunga yang masih harus dibayar/ Liabilitas keuangan yang diukur pada biaya perolehan
Interest payables yang diamortisasi/Financial liabilities at amortized cost
Liabilitas keuangan yang diukur pada nilai wajar melalui
Liabilitas Liabilitas derivatif/
laba rugi/Financial liabilities at fair value through profit
keuangan/ Derivative payables
or loss
Financial
liabilities Liabilitas akseptasi/ Liabilitas keuangan yang diukur pada biaya perolehan
Acceptance payables yang diamortisasi/Financial liabilities at amortized cost
Liabilitas atas surat berharga yang
dijual dengan janji dibeli kembali/ Liabilitas keuangan yang diukur pada biaya perolehan
Liabilities on securities sold under yang diamortisasi/Financial liabilities at amortized cost
repurchase agreements
Efek utang yang diterbitkan/ Liabilitas keuangan yang diukur pada biaya perolehan
Debt securities issued yang diamortisasi/Financial liabilities at amortized cost
Liabilitas lain-lain/ Liabilitas keuangan yang diukur pada biaya perolehan
Other liabilities yang diamortisasi/Financial liabilities at amortized cost
26
Page 426
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
2) Pengakuan awal 2) Initial recognition
Aset dan liabilitas keuangan pada Financial assets and liabilities are initially
awalnya diukur pada nilai wajarnya. recognized at fair value. For those
Dalam hal aset atau liabilitas keuangan financial assets or liabilities not classified
tidak diklasifikasikan sebagai nilai wajar as fair value through profit or loss, the fair
melalui laba rugi, nilai wajar tersebut value is added/deducted with directly
ditambah/dikurangi biaya transaksi yang attributable transaction costs to the
dapat diatribusikan secara langsung issuance of financial assets or liabilities.
dengan perolehan atau penerbitan aset
atau liabilitas keuangan.
Bank pada pengakuan awal dapat The Bank upon initial recognition may
menetapkan aset dan keuangan liabilitas designate certain financial assets and
tertentu sebagai nilai wajar melalui laba liabilities at fair value through profit or loss
rugi (opsi nilai wajar). Opsi nilai wajar (fair value option). The fair value option is
dapat digunakan hanya bila memenuhi only applied when the following conditions
ketetapan sebagai berikut: are met:
- Penetapan sebagai opsi nilai wajar - The application of the fair value option
mengurangi atau mengeliminasi reduces or eliminates an accounting
inkonsistensi pengukuran dan mismatch that would otherwise arise;
pengakuan (accounting mismatch) or
yang dapat timbul; atau
- Aset dan liabilitas keuangan - The financial assets and liabilities are
merupakan bagian dari portofolio part of a portfolio of financial
instrumen keuangan yang risikonya instruments, the risks of which are
dikelola dan dilaporkan kepada managed and reported to key
manajemen kunci berdasarkan nilai management on a fair value basis; or
wajar; atau
- Aset dan liabilitas keuangan terdiri - The financial assets and liabilities
dari kontrak utama dan derivatif consist of a host contract and an
melekat yang harus dipisahkan tetapi embedded derivative that must be
tidak dapat mengukur derivatif bifurcated but are unable to measure
melekat secara terpisah. the embedded derivative separately.
3) Pengukuran setelah pengukuran awal 3) Subsequent measurement
Aset keuangan dalam kelompok aset Financial assets at fair value through other
keuangan yang diukur pada nilai wajar comprehensive income and financial
melalui penghasilan komprehensif lain assets and liabilities at fair value through
dan aset dan liabilitas keuangan yang profit or loss are measured at fair value.
diukur pada nilai wajar melalui laba rugi
diukur pada nilai wajarnya.
Aset keuangan kelompok biaya Financial assets classified as amortized
perolehan diamortisasi dan liabilitas cost and other financial liabilities are
keuangan lainnya diukur pada biaya measured at amortized cost using the
perolehan diamortisasi dengan effective interest rate method.
menggunakan metode suku bunga
efektif.
27
Page 427
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
4) Penghentian pengakuan 4) Derecognition
a. Aset keuangan dihentikan a. Financial assets are derecognized
pengakuannya jika: when:
- Hak kontraktual atas arus kas - The contractual rights to receive
yang berasal dari aset keuangan cash flows from the financial
tersebut berakhir; atau assets have expired; or
- Bank telah mentransfer haknya - The Bank has transferred its rights
untuk menerima arus kas yang to receive cash flows from the
berasal dari aset keuangan atau financial assets or has assumed
menanggung kewajiban untuk an obligation to pay the received
membayarkan arus kas yang cash flows in full without material
diterima tersebut secara penuh delay to a third party under a
tanpa penundaan berarti kepada ‘pass-through’ arrangement; and
pihak ketiga di bawah either (a) the Bank has transferred
kesepakatan pelepasan; dan substantially all the risks and
antara (a) Bank telah rewards of the asset, or (b) the
mentransfer secara substansial Bank has neither transferred nor
seluruh risiko dan manfaat atas retained substantially all the risks
aset, atau (b) Bank tidak and rewards of the asset but has
mentransfer maupun tidak transferred control of the asset.
memiliki secara substansial
seluruh risiko dan manfaat atas
aset namun telah mentransfer
pengendalian atas aset.
Ketika Bank telah mentransfer hak When the Bank has transferred its
untuk menerima arus kas dari aset rights to receive cash flows from an
atau telah memasuki kesepakatan asset or has entered into a ’pass-
pelepasan dan tidak mentransfer through’ arrangement and has
serta tidak memiliki secara neither transferred nor retained
substansial seluruh risiko dan substantially all the risks and rewards
manfaat atas aset atau tidak of the asset nor transferred control of
mentransfer kendali atas aset, aset the asset, the asset is recognized to
diakui sebesar keterlibatan Bank the extent of the Bank’s continuing
yang berkelanjutan atas aset involvement on the asset.
tersebut.
Kredit yang diberikan Loans are written-off when there is no
dihapusbukukan ketika tidak realistic prospect of collection in the
terdapat prospek yang realistis near future or the normal relationship
mengenai pengembalian kredit between the Bank and the borrowers
dalam waktu dekat atau hubungan have ceased to exist. When a loan is
normal antara Bank dan debitur deemed uncollectible, it is written-off
telah berakhir. Kredit yang tidak against the related allowance for
dapat dilunasi dihapusbukukan impairment losses.
dengan mendebit cadangan
kerugian penurunan nilai.
28
Page 428
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
4) Penghentian pengakuan (lanjutan) 4) Derecognition (continued)
b. Liabilitas keuangan dihentikan b. Financial liabilities are derecognized
pengakuannya jika liabilitas when they are extinguished, i.e.,
keuangan tersebut berakhir, yaitu liabilities stated in the contract are
ketika liabilitas yang ditetapkan discharged, cancelled or has expired.
dalam kontrak dilepaskan atau
dibatalkan atau kadaluwarsa.
Jika suatu liabilitas keuangan yang Where an existing financial liability is
ada digantikan dengan yang lain replaced by another from the same
oleh pemberi pinjaman yang sama lender on substantially different terms
pada keadaan yang secara or the terms of an existing liability are
substansial berbeda atau substantially modified, such an
berdasarkan suatu liabilitas yang exchange or modification is treated
ada yang secara substansial telah as derecognition of the original
diubah, seperti pertukaran atau liability and the recognition of a new
modifikasi yang diperlakukan liability, and the difference in the
sebagai penghentian pengakuan respective carrying amounts is
liabilitas awal dan pengakuan recognized in the statement of profit
liabilitas baru dan perbedaan nilai or loss and other comprehensive
tercatat masing-masing diakui income.
dalam laporan laba rugi dan
penghasilan komprehensif lain.
5) Pengakuan pendapatan dan beban 5) Income and expense recognition
a. Pendapatan dan beban bunga atas a. Interest income and expense on
aset keuangan yang diukur pada financial assets measured at fair
nilai wajar melalui penghasilan value through other comprehensive
komprehensif lain, serta aset dan income, as well as financial assets
liabilitas keuangan yang dicatat and liabilities measured at amortized
berdasarkan biaya perolehan cost are recognized in the statement
diamortisasi diakui pada laporan of profit or loss using the effective
laba rugi dengan menggunakan interest rate method.
metode suku bunga efektif.
Jumlah tercatat bruto aset The gross carrying amount of a
keuangan adalah biaya perolehan financial asset is the amortized cost
diamortisasi aset keuangan of a financial asset before adjusting
sebelum disesuaikan dengan for allowance for impairment.
cadangan penurunan nilai.
Dalam menghitung pendapatan dan In calculating interest income and
beban bunga, tingkat suku bunga expenses, the effective interest rate is
efektif diterapkan pada jumlah applied to the gross carrying amount
tercatat bruto aset (ketika aset of an asset (when the asset is not a
tersebut bukan aset keuangan yang deteriorated financial asset) or to the
memburuk) atau terhadap biaya amortized cost of a liability.
perolehan diamortisasi dari
liabilitas.
29
Page 429
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
5) Pengakuan pendapatan dan beban 5) Income and expense recognition
(lanjutan) (continued)
Untuk aset keuangan yang For financial assets that deteriorated
memburuk setelah pengakuan awal, after initial recognition, interest
pendapatan bunga dihitung dengan income is calculated by applying an
menerapkan tingkat suku bunga effective interest rate to the amortized
efektif terhadap biaya perolehan cost of the financial assets. If the
diamortisasi dari aset keuangan asset is no longer deteriorating, the
tersebut. Jika aset tersebut tidak lagi calculation of interest income will be
memburuk, maka perhitungan calculated by applying an effective
pendapatan bunga akan dihitung interest rate to the gross carrying
dengan menerapkan tingkat suku amount of the financial asset.
bunga efektif terhadap nilai tercatat
bruto dari aset keuangan tersebut.
b. Keuntungan dan kerugian yang b. Gains and losses arising from
timbul dari perubahan nilai wajar changes in the fair value of financial
aset keuangan yang diukur pada asset measured at fair value through
nilai wajar melalui pendapatan other comprehensive income other
komprehensif lain selain than foreign exchange gains or
keuntungan atau kerugian selisih losses on debt instruments are
kurs atas instrumen utang diakui recognized directly in other
secara langsung dalam pendapatan comprehensive income (as part of
komprehensif lain (sebagai bagian equity) until the financial asset is
dari ekuitas) hingga aset keuangan derecognized or impaired.
tersebut dihentikan pengakuannya
atau terdapat penurunan nilai.
Pada saat aset keuangan When a financial asset is
dihentikan pengakuannya atau derecognized or impaired, the
mengalami penurunan nilai, cummulative gains or losses
keuntungan atau kerugian kumulatif previously recognized in equity are
yang sebelumnya diakui dalam recognized in statement of profit or
ekuitas harus diakui pada laporan loss.
laba rugi.
6) Reklasifikasi instrumen keuangan 6) Reclassification financial instruments
Bank mereklasifikasi aset keuangan jika The Bank reclassifies financial assets if
dan hanya jika, model bisnis untuk and only if, the business model for
pengelolaan aset keuangan berubah. managing financial assets changes.
Tidak terdapat reklasifikasi untuk There is no reclassification of financial
liabilitas keuangan. liabilities.
30
Page 430
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
6) Reklasifikasi instrumen keuangan 6) Reclassification financial instruments
(lanjutan) (continued)
Reklasifikasi aset keuangan dari Reclassifications of financial assets from
klasifikasi biaya perolehan yang amortized cost classifications to fair value
diamortisasi ke klasifikasi nilai wajar through profit or loss are recorded at fair
melalui laba rugi dicatat sebesar nilai value. The difference between the
wajarnya. Selisih antara nilai tercatat recorded value and fair value is
dengan nilai wajar diakui sebagai recognized in profit or loss on the
keuntungan atau kerugian pada laba rugi statement of profit or loss and other
dalam laporan laba rugi dan pendapatan comprehensive income.
komprehensif lainnya.
Reklasifikasi aset keuangan dari Reclassifications of financial assets from
klasifikasi biaya perolehan yang amortized cost classifications to fair value
diamortisasi ke klasifikasi nilai wajar classifications through other
melalui penghasilan komprehensif lain comprehensive are recorded at their fair
dicatat sebesar nilai wajarnya. values.
Reklasifikasi aset keuangan dari Reclassification of financial assets from
klasifikasi nilai wajar melalui penghasilan fair value classification through other
komprehensif lain ke klasifikasi nilai comprehensive income to fair value
wajar melalui laba rugi dicatat pada nilai classification through profit or loss is
wajar. Keuntungan atau kerugian yang recorded at fair value. Unrealized gains or
belum direalisasi direklasifikasi ke laba losses are reclassified to profit or loss.
rugi.
Reklasifikasi aset keuangan dari Reclassification of financial assets from
klasifikasi nilai wajar melalui penghasilan fair value classifications through other
komprehensif lain ke klasifikasi biaya comprehensive income to the amortized
perolehan yang diamortisasi dicatat cost classification is recorded at carrying
pada nilai tercatat. Keuntungan atau value. Unrealized gains or losses are
kerugian yang belum direalisasi dihapus removed from equity and adjusted agains
dari ekuitas dan disesuaikan terhadap the fair value.
nilai wajar.
Reklasifikasi aset keuangan dari Reclassifications on financial assets from
klasifikasi nilai wajar melalui laba rugi ke fair value classification through profit or
klasifikasi nilai wajar melalui penghasilan loss to fair value classification through
komprehensif lain dicatat pada nilai other comprehensive income are
wajar. recorded at fair value.
Reklasifikasi aset keuangan dari Reclassification of financial assets from
klasifikasi nilai wajar melalui laba rugi ke fair value classification through profit or
klasifikasi biaya perolehan yang loss to amortized cost classification is
diamortisasi dicatat pada nilai wajar. recorded at fair value.
31
Page 431
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
7) Saling Hapus 7) Offsetting
Aset dan liabilitas keuangan saling Financial assets and liabilities are offset
hapus dan nilai netonya dilaporkan pada and the net amount is reported in the
laporan posisi keuangan jika dan hanya statement of financial position if and only
jika, saat ini terdapat hak yang if, there is currently an enforceable legal
berkekuatan hukum untuk saling hapus rights to offset the recognized amounts
jumlah keduanya dan terdapat intensi and there is an intention to settle on a net
untuk diselesaikan secara neto atau basis or to realize the assets and settle the
untuk merealisasikan aset dan liabilities simultaneously.
menyelesaikan liabilitas secara
bersamaan.
Hak yang berkekuatan hukum berarti: Enforceable right means:
a. Tidak terdapat kontinjensi di masa a. There are no contingencies in the
yang akan datang; dan future; and
b. Hak yang berkekuatan hukum pada b. Enforceable right to the following
kondisi-kondisi berikut ini: conditions:
- Kegiatan bisnis normal; - Deploying normal activities;
- Kondisi kegagalan usaha; dan - Conditions of business failures; and
- Kondisi gagal bayar atau - Conditions of default or bankruptcy.
bangkrut.
Pendapatan dan beban disajikan dalam Income and expenses are presented on a
jumlah bersih hanya jika diperkenankan net basis only when permitted by
oleh standar akuntansi. accounting standards.
8) Pengukuran biaya diamortisasi 8) Amortized cost measurement
Biaya perolehan diamortisasi dari aset The amortized cost of a financial assets or
atau liabilitas keuangan adalah jumlah liabilities are the amount at which the
aset atau liabilitas keuangan yang diukur financial assets or liabilities are measured
pada saat pengakuan awal dikurangi at initial recognition, minus principal
pembayaran pokok pinjaman, ditambah repayments, plus or minus the
atau dikurangi amortisasi kumulatif cummulative amortization using the
menggunakan metode suku bunga effective interest rate method of any
efektif yang dihitung dari selisih antara difference between the initial amount
nilai pengakuan awal dan nilai jatuh recognized and the maturity amount,
temponya dan dikurangi penurunan nilai. minus any reduction for impairment.
9) Nilai wajar 9) Fair value
Nilai wajar adalah harga yang akan Fair value is the price that would be
diterima untuk menjual suatu aset atau received to sell an asset or paid to transfer
harga yang akan dibayar untuk a liability in an orderly transaction between
mengalihkan suatu liabilitas dalam market participants at the measurement
transaksi teratur antara pelaku pasar date.
pada tanggal pengukuran.
32
Page 432
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
9) Nilai wajar (lanjutan) 9) Fair value (continued)
Pengukuran nilai wajar mengasumsikan The fair value measurement is based on
bahwa transaksi untuk menjual aset atau the presumption that the transaction to sell
mengalihkan liabilitas terjadi: the asset or transfer the liability takes
place either:
- Di pasar utama untuk aset dan - In the principal market for the asset or
liabilitas tersebut; atau liability; or
- Jika tidak terdapat pasar utama, di - In the absence of a principal market,
pasar yang paling menguntungkan in the most advantageous market for
untuk aset atau liabilitas tersebut. the asset or liability.
Nilai wajar suatu aset atau liabilitas The fair value of an asset or a liability is
diukur menggunakan asumsi yang akan measured using the assumptions that
digunakan pelaku pasar ketika market participants would use when
menentukan harga aset dan liabilitas pricing the asset or liability, assuming that
tersebut dengan asumsi bahwa pelaku market participants act in their economic
pasar bertindak dalam kepentingan best interest.
ekonomis terbaiknya.
Pengukuran nilai wajar aset non- A fair value measurement of a non-
keuangan memperhitungkan financial asset takes into account a market
kemampuan pelaku pasar untuk participant's ability to generate economic
menghasilkan manfaat ekonomi dengan benefits by using the asset in its highest
menggunakan aset dalam penggunaan and best use or by selling it to another
tertinggi dan terbaiknya atau dengan market participant that would use the
menjualnya kepada pelaku pasar lain asset in its highest and best use.
yang akan menggunakan aset tersebut
dalam penggunaan tertinggi dan
terbaiknya.
Bank menggunakan teknik penilaian The Bank uses valuation techniques that
yang sesuai dalam keadaan dan dimana are appropriate in the circumstances and
data yang memadai tersedia untuk for which sufficient data are available to
mengukur nilai wajar, memaksimalkan measure fair value, maximizing the use of
penggunaan input yang dapat relevant observable inputs and minimizing
diobservasi yang relevan dan the use of unobservable inputs.
meminimalkan penggunaan input yang
tidak dapat diobservasi.
Semua aset dan liabilitas dimana nilai All assets and liabilities for which fair value
wajar diukur atau diungkapkan dalam is measured or disclosed in the financial
laporan keuangan dapat dikategorikan statements are categorized within the fair
pada tingkat hierarki nilai wajar, value hierarchy, described as follows,
berdasarkan tingkatan input terendah based on the lowest level input that is
yang signifikan atas pengukuran nilai significant to the fair value measurement
wajar secara keseluruhan: as a whole:
- Tingkat 1 - Level 1
Harga kuotasian (tidak disesuaikan) Quoted prices (unadjusted) in active
dalam pasar aktif untuk aset atau markets for identical assets or
liabilitas yang identik; liabilities;
33
Page 433
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
9) Nilai wajar (lanjutan) 9) Fair value (continued)
Semua aset dan liabilitas dimana nilai All assets and liabilities for which fair value
wajar diukur atau diungkapkan dalam is measured or disclosed in the financial
laporan keuangan dapat dikategorikan statements are categorized within the fair
pada tingkat hierarki nilai wajar, value hierarchy, described as follows,
berdasarkan tingkatan input terendah based on the lowest level input that is
yang signifikan atas pengukuran nilai significant to the fair value measurement
wajar secara keseluruhan: (lanjutan) as a whole: (continued)
- Tingkat 2 - Level 2
Input selain harga kuotasian yang Inputs other than quoted prices
termasuk dalam Tingkat 1 yang dapat included within Level 1 that are
diobservasi untuk aset dan liabilitas observable for the asset or liability
baik secara langsung (misalnya, either directly (example, price) or
harga) atau secara tidak langsung; indirectly;
- Tingkat 3 - Level 3
Input untuk aset dan liabilitas yang Inputs for the asset and liability that are
bukan berdasarkan data pasar yang not based on observable market data
dapat diobservasi (input yang tidak (unobservable inputs).
dapat diobservasi).
Untuk aset dan liabilitas yang diakui For assets and liabilities that are
pada laporan keuangan secara recognized in the financial statements on
berulang, Bank menentukan apakah a recurring basis, the Bank determines
terjadi transfer antar tingkat di dalam whether transfers have occurred between
hierarki dengan cara mengevaluasi levels in the hierarchy by re-assessing
kategori (berdasarkan input tingkat categorization (based on the lowest level
terendah yang signifikan dalam input that is significant to the fair value
pengukuran nilai wajar) setiap akhir measurement as a whole) at the end of
periode pelaporan. each reporting period.
Investasi pada sukuk Investment in sukuk
Efek-efek dan obligasi pemerintah syariah, Sharia securities and government bonds,
kecuali reksadana diklasifikasikan except for reksadana are classified based on
berdasarkan model usaha yang ditentukan business model determined by the Bank at the
oleh Bank pada saat pembelian surat date of purchase in accordance with SFAS 410
berharga tersebut didasarkan atas klasifikasi on "Accounting for Sukuk” as follows:
yang sesuai dengan PSAK 410 tentang
“Akuntansi Sukuk” sebagai berikut:
a. Surat berharga diukur pada biaya a. At cost securities are stated at cost
perolehan disajikan sebesar biaya (including transaction costs) adjusted by
perolehan (termasuk biaya transaksi) unamortised premium and/or discount.
yang disesuaikan dengan premi dan/atau Premium and discount are amortized over
diskonto yang belum diamortisasi. Premi the period until maturity.
dan diskonto diamortisasi selama
periode hingga jatuh tempo.
34
Page 434
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
Investasi pada sukuk (lanjutan) Investment in sukuk (continued)
Efek-efek dan obligasi pemerintah syariah, Sharia securities and government bonds,
kecuali reksadana diklasifikasikan except for reksadana are classified based on
berdasarkan model usaha yang ditentukan business model determined by the Bank at the
oleh Bank pada saat pembelian surat date of purchase in accordance with SFAS 410
berharga tersebut didasarkan atas klasifikasi on "Accounting for Sukuk” as follows:
yang sesuai dengan PSAK 410 tentang (continued)
“Akuntansi Sukuk” sebagai berikut: (lanjutan)
b. Surat berharga diukur pada nilai wajar b. At fair value securities are stated at fair
melalui laba rugi yang dinyatakan value through profit or loss. Unrealized
sebesar nilai wajar. Keuntungan atau gains or losses from the increase or
kerugian yang belum direalisasi akibat decrease in fair values are presented in
kenaikan atau penurunan nilai wajarnya current year profit or loss.
disajikan dalam laporan laba rugi tahun
yang bersangkutan.
c. Surat berharga yang diukur pada nilai c. At fair value through other comprehensive
wajar melalui penghasilan komprehensif income securities are measured at fair
lainnya. Surat berharga disajikan value. Unrealized gains or losses from the
sebesar nilai wajar. Keuntungan atau increase or decrease in fair value are
kerugian yang belum direalisasi akibat presented in other comprehensive income.
kenaikan atau penurunan nilai wajarnya Premium and discount are amortized over
disajikan dalam penghasilan the period until maturity.
komprehensif lain. Premi dan diskonto
diamortisasi selama periode hingga
jatuh tempo.
e. Giro pada Bank Indonesia dan bank lain e. Current accounts with Bank Indonesia and
other banks
Giro pada bank lain diklasifikasikan sebagai Current accounts with other banks are
biaya perolehan yang diamortisasi. Giro pada classified as amortized cost. Current accounts
bank lain dinyatakan sebesar biaya with other banks are stated at amortized cost
perolehan diamortisasi menggunakan using the effective interest rate (EIR) method
metode suku bunga efektif dikurangi less allowance for impairment losses as
cadangan kerugian penurunan nilai disclosed in Note 2l.
sebagaimana diungkapkan dalam
Catatan 2l.
Giro pada Bank Indonesia diklasifikasikan Current accounts with Bank Indonesia is
sebagai biaya perolehan yang diamortisasi. classified as amortized cost. Current account
Giro pada Bank Indonesia dinyatakan with Bank Indonesia is stated in outstanding
sebesar saldo penempatan. balances.
35
Page 435
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
f. Penempatan pada Bank Indonesia dan f. Placements with Bank Indonesia and other
bank lain banks
Penempatan pada Bank Indonesia dan bank Placements with Bank Indonesia and other
lain merupakan penempatan dana dalam banks consist of Term Deposits of Bank
bentuk Term Deposit Bank Indonesia, Indonesia, Deposit Facilities of Bank Indonesia,
Fasilitas Simpanan Bank Indonesia, dan call and call money.
money.
Penempatan pada bank lain diklasifikasikan Placements with other banks are classified as
sebagai biaya perolehan yang diamortisasi. amortized cost. Placements with other banks
Penempatan pada bank lain dinyatakan are stated at amortized cost using the
sebesar biaya perolehan diamortisasi effective interest rate method less allowance
menggunakan metode suku bunga efektif for impairment losses as disclosed in Note 2l.
dikurangi cadangan kerugian penurunan nilai
sebagaimana diungkapkan dalam
Catatan 2l.
Penempatan pada Bank Indonesia Placements with Bank Indonesia is classified
diklasifikasikan sebagai biaya perolehan as amortized cost. Placement with Bank
yang diamortisasi. Penempatan pada Bank Indonesia is stated in outstanding balances.
Indonesia dinyatakan sebesar saldo
penempatan.
g. Efek-efek yang diperdagangkan g. Trading securities
Efek-efek yang diperdagangkan terdiri dari Trading securities comprise of Government
Obligasi Pemerintah, Obligasi Korporasi, Bonds, Corporate Bonds, Sukuk and Bank
Sukuk dan Sekuritas Rupiah Bank Indonesia Indonesia Rupiah Securities that are classified
yang dikategorikan sebagai dimiliki untuk as held for trading and are recorded at fair
diperdagangkan dan dicatat di laporan posisi value in the statement of financial position.
keuangan sebesar nilai wajar.
Keuntungan atau kerugian yang belum Unrealized gains or losses resulting from the
direalisasi akibat kenaikan atau penurunan increase or decrease in fair value are
nilai wajar disajikan dalam laporan laba rugi recognized in the current year statement of
dan penghasilan komprehensif lain tahun profit or loss and other comprehensive income.
berjalan. Pendapatan bunga dari efek utang The interest income from debt securities is
dicatat dalam laporan laba rugi dan recorded in the statement of profit or loss and
penghasilan komprehensif lain sesuai other comprehensive income according to the
dengan persyaratan dalam kontrak. Pada terms of the contract. At the time of sale of
saat penjualan portofolio efek yang trading securities portfolio, the difference
diperdagangkan, selisih antara harga jual between the selling price and the purchase
dengan harga perolehan diakui sebagai price is recognized as a gain or loss in the year
keuntungan atau kerugian penjualan pada when the securities are sold.
tahun dimana efek tersebut dijual.
36
Page 436
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
h. Investasi keuangan h. Financial investments
Investasi keuangan terdiri dari Obligasi Financial investments comprise of Government
Pemerintah, Sukuk, Negotiable Certificate of Bonds, Sukuk, Negotiable Certificate of
Deposit, Obligasi Korporasi, Sekuritas Deposit, Corporate Bonds, Bank Indonesia
Rupiah dan Valas Indonesia dan Wesel Rupiah and Foreign Currencies securities and
Ekspor Berjangka. Export Bills.
Obligasi Pemerintah, Sukuk, Negotiable Government Bonds, Sukuk, Negotiable
Certificate of Deposit, Sekuritas Rupiah dan Certificate of Deposit, Bank Indonesia rupiah
Valas Indonesia dan Obligasi Korporasi and valas securities and Corporate Bonds are
diklasifikasikan sebagai nilai wajar melalui classified as fair value through other
penghasilan komprehensif lain. comprehensive income.
Obligasi Pemerintah dan Wesel Ekspor Government Bonds and Export Bills are
Berjangka diklasifikasikan sebagai biaya classified as amortized cost.
perolehan yang diamortisasi.
Investasi keuangan diklasifikasikan sebagai Financial investments are classified as follows:
berikut:
Investasi keuangan yang diukur pada nilai Financial investments measured at fair value
wajar melalui penghasilan komprehensif lain through other comprehensive income
Investasi keuangan yang diukur pada nilai Financial investments measured at fair value
wajar melalui penghasilan komprehensif lain through other comprehensive income is
diakui dan diukur sebesar nilai wajar dengan recognized and measured at fair value by
memperhitungkan pendapatan dan/atau calculating income and/or expenses directly
beban yang dapat diatribusikan langsung attributable to the purchase of securities. After
pada pembelian efek-efek. Setelah initial recognition, gains and losses from
pengakuan awal, keuntungan dan kerugian changes in fair value of securities, net of tax,
yang belum direalisasikan dari kenaikan atau are recognized directly to equity.
penurunan nilai wajar, setelah pajak, diakui
dan disajikan sebagai komponen ekuitas.
Ketika investasi tersebut dihapus, When the investment is disposed the
keuntungan atau kerugian kumulatif setelah cumulative gain or loss, net of tax, previously
pajak, yang sebelumnya diakui di recognized in other comprehensive income is
penghasilan komprehensif lainnya, diakui recognized in the statement of profit or loss and
dalam laporan laba rugi dan penghasilan other comprehensive income. The losses
komprehensif lain. Kerugian yang timbul dari arising from impairment of such investments
penurunan nilai pada investasi tersebut are recognized in the statement of profit or loss
diakui dalam laporan laba rugi dan and other comprehensive income and removed
penghasilan komprehensif lain dan from other comprehensive income.
dikeluarkan dari penghasilan komprehensif
lainnya.
Premi dan/atau diskonto diamortisasi Premium and/or discount is amortized and
sebagai pendapatan bunga dengan reported as interest income using the EIR.
menggunakan suku bunga efektif.
37
Page 437
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
h. Investasi keuangan (lanjutan) h. Financial investments (continued)
Investasi keuangan diklasifikasikan sebagai Financial investments are classified as follows:
berikut: (lanjutan) (continued)
Investasi keuangan yang diklasifikasikan Financial investments classified as amortized
sebagai biaya perolehan yang diamortisasi cost
Investasi keuangan yang diklasifikasikan Financial investments classified as amortized
sebagai biaya perolehan yang diamortisasi cost is recognized and measured at fair value
diakui dan diukur sebesar nilai wajar dengan by calculating income and/or expenses directly
memperhitungkan pendapatan dan/atau attributable to the purchase of securities. After
beban yang dapat diatribusikan langsung initial recognition, securities are measured at
pada pembelian efek-efek. Setelah amortized acquisition cost using EIR.
pengakuan awal, efek-efek diukur pada biaya
perolehan diamortisasi menggunakan suku
bunga efektif.
i. Instrumen keuangan derivatif i. Derivative financial instruments
Seluruh instrumen derivatif dicatat dalam All derivative instruments are recognized in
laporan posisi keuangan berdasarkan nilai statement of financial position at fair value. The
wajarnya. Nilai wajar tersebut ditentukan fair value is based on the market rate, Reuters
berdasarkan harga pasar, kurs Reuters pada exchange rate at statement of financial position
tanggal pelaporan laporan posisi keuangan, date, discounted cash flows and price valuation
diskonto arus kas, model penentu harga atau or broker quoted price on other instruments
harga yang diberikan oleh broker (quoted with similar characteristics or price model.
price) atas instrumen lain yang memiliki
karakteristik atau model penentuan harga
serupa.
Keuntungan atau kerugian dari kontrak Gain or loss on a derivative contract not
derivatif yang tidak ditujukan untuk lindung designated as a hedging instrument (or does
nilai (atau tidak memenuhi kriteria untuk not qualify as a hedging instrument) is
dapat diklasifikasikan sebagai lindung nilai) recognized in the current year statement of
diakui pada laporan laba rugi dan profit or loss and comprehensive income.
penghasilan komprehensif lain tahun
berjalan.
Instrumen derivatif melekat dipisahkan dari Embedded derivative instruments are
kontrak utama non-derivatif dan diperlakukan separated from their host non-derivative
sebagai instrumen derivatif jika seluruh contract and accounted for as a derivative
kriteria berikut terpenuhi: instrument if all of the following criteria are met:
1. Risiko dan karakteristik ekonomi dari 1. The risks and economic characteristics of
derivatif melekat tidak secara erat the embedded derivative are not closely
berhubungan dengan karakteristik dan related to those of the host contract;
risiko kontrak utama;
38
Page 438
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
i. Instrumen keuangan derivatif (lanjutan) i. Derivative financial instruments (continued)
Instrumen derivatif melekat dipisahkan dari Embedded derivative instruments are
kontrak utama non-derivatif dan diperlakukan separated from their host non-derivative
sebagai instrumen derivatif jika seluruh contract and accounted for as a derivative
kriteria berikut terpenuhi: (lanjutan) instrument if all of the following criteria are met:
(continued)
2. Instrumen terpisah dengan kondisi yang 2. A separate instrument with the same terms
sama dengan instrumen derivatif as the embedded derivative would meet the
melekat memenuhi definisi dari derivatif; definition of a derivative; and
dan
3. Instrumen hibrid (kombinasi) tidak diukur 3. The hybrid (combined) instrument is not
pada harga wajar dengan perubahan measured at fair value with changes in fair
nilai wajar diakui dalam laporan laba rugi value recognized in statement of profit or
dan penghasilan komprehensif lain loss and other comprehensive income (i.e.,
(yaitu derivatif melekat dalam aset a derivative that is embedded in a financial
keuangan atau liabilitas keuangan yang asset or financial liability at fair value
diukur pada nilai wajar melalui laba rugi through profit or loss is not separated).
tidak dipisahkan).
j. Kredit yang diberikan j. Loans
Kredit yang diberikan diklasifikasikan Loans are classified as amortized cost.
sebagai biaya perolehan yang diamortisasi.
Kredit yang diberikan diklasifikasikan Loans are classified as amortized cost. Loans
sebagai biaya perolehan yang diamortisasi. are measured at amortized cost using the EIR
Kredit yang diberikan diukur pada biaya less allowance for impairment losses. The
perolehan diamortisasi menggunakan suku amortized cost of loan is the amount at which
bunga efektif dikurangi cadangan kerugian the loan is measured at initial recognition minus
penurunan nilai. Biaya perolehan principal repayments, plus or minus the
diamortisasi dihitung dengan cumulative amortization using EIR method of
memperhitungkan nilai kredit pada saat any difference between that initial amount and
pengakuan awal dikurangi pembayaran the maturity amount, and minus any reduction
pokok, ditambah atau dikurangi dengan for impairment or uncollectability. The
amortisasi kumulatif menggunakan metode amortization is recognized in the statement of
suku bunga efektif yang dihitung dari selisih profit or loss and other comprehensive income.
antara nilai awal dan nilai jatuh temponya,
dikurangi penurunan untuk penurunan nilai
atau nilai yang tidak dapat ditagih. Amortisasi
tersebut diakui pada laporan laba rugi dan
penghasilan komprehensif lain.
39
Page 439
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
j. Kredit yang diberikan (lanjutan) j. Loans (continued)
Restrukturisasi kredit Loan restructuring
Kerugian yang timbul dari restrukturisasi Losses on loan restructuring in respect of
kredit yang berkaitan dengan modifikasi modification of the terms of the loans are
persyaratan kredit hanya diakui bila nilai recognized only if the cash value of total future
tunai penerimaan kas masa depan yang cash receipts specified in the new terms of the
telah ditentukan dalam persyaratan kredit loans, including both receipts designated as
yang baru, termasuk penerimaan yang interest and those designated as loan principal
diperuntukkan sebagai bunga maupun pokok are less than the recorded amounts of loans
adalah lebih kecil dari nilai kredit yang before restructuring.
diberikan yang tercatat sebelum
restrukturisasi.
Untuk restrukturisasi kredit bermasalah For loan restructuring which involves a
dengan cara konversi kredit yang diberikan conversion of loans into equity or other financial
menjadi saham atau instrumen keuangan instruments, a loss on loan restructuring is
lainnya, kerugian dari restrukturisasi kredit recognized only if the fair value of the equity or
diakui hanya apabila nilai wajar penyertaan other financial instruments received, reduced
saham atau instrumen keuangan yang by estimated costs to sell the equity or other
diterima dikurangi estimasi biaya untuk financial instruments is less than the carrying
menjualnya adalah kurang dari nilai tercatat value of loan.
kredit yang diberikan.
Saat ini hanya terdapat restrukturisasi kredit Currently, there is only loan restructuring using
dengan menggunakan metode perpanjangan extension of terms of loans and decrease of
jangka waktu kredit dan penurunan suku loan interest method.
bunga kredit.
k. Tagihan dan liabilitas akseptasi k. Acceptance receivables and payables
Tagihan akseptasi diklasifikasikan sebagai Acceptance receivables are classified as
biaya perolehan yang diamortisasi. amortized cost.
Tagihan akseptasi diukur pada biaya Acceptance receivables are measured at
perolehan diamortisasi menggunakan amortized cost using the EIR method, less
metode suku bunga efektif, dikurangi dengan allowance for impairment losses. Acceptance
cadangan kerugian penurunan nilai. Liabilitas liabilities are measured at amortized cost by
akseptasi diukur pada biaya perolehan using the EIR method.
diamortisasi menggunakan metode suku
bunga efektif.
Cadangan kerugian penurunan nilai The allowance for impairment losses is
dilakukan bila terdapat bukti yang obyektif assessed if there is an objective evidence of
mengenai penurunan nilai dengan impairment by using the impairment
menggunakan metodologi penurunan nilai methodology as disclosed in Note 2l.
sebagaimana diungkapkan dalam
Catatan 2l.
40
Page 440
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
l. Penurunan nilai aset keuangan l. Impairment of financial assets
Bank mengakui penyisihan kerugian kredit The Bank recognizes the allowance for
ekskpektasian pada instrumen keuangan expected credit losses on financial instruments
yang tidak diukur pada nilai wajar melalui that are not measured at fair value through
laba rugi. profit or loss.
Tidak ada penyisihan kerugian kredit There is no allowance for expected credit
ekskpektasian pada investasi instrumen losses on investment in equity instruments.
ekuitas.
Bank mengukur cadangan kerugian sejumlah The Bank measures the allowance for losses
kerugian kredit ekspektasian sepanjang for the lifetime of an expected credit losses,
umurnya, kecuali untuk hal berikut diukur except for the following which are measured
sejumlah kerugian kredit ekspektasian according to 12 months expected credit losses:
12 bulan:
- Instrumen utang yang memiliki risiko kredit - Debt instruments that have low credit risk at
rendah pada tanggal pelaporan; dan the reporting date; and
- Instrumen keuangan lainnya yang risiko - Other financial instruments for which credit
kreditnya tidak meningkat secara risk has not increased significantly since
signifikan sejak pengakuan awal. initial recognition.
Kerugian kredit ekspektasian 12 bulan The 12-month expected credit loss is part of
adalah bagian dari kerugian kredit the expected credit loss throughout its lifetime
ekspektasian sepanjang umurnya yang that represents an expected credit loss arising
merepresentasikan kerugian kredit from a default on financial instruments that
ekspektasian yang timbul dari peristiwa gagal might occur in 12 months after reporting date.
bayar instrumen keuangan yang mungkin
terjadi dalam 12 bulan setelah tanggal
pelaporan.
Pengukuran Kerugian Kredit Ekspektasian Measurement of Expected Credit Losses
Kerugian Kredit Ekspektasian adalah Expected Credit Losses are the estimate of the
estimasi probabilitas tertimbang dari weighted probability of a credit loss measured
kerugian kredit yang diukur sebagai berikut: as follows:
- Aset keuangan yang tidak memburuk - Financial assets that do not deteriorate at
pada tanggal pelaporan, kerugian kredit the reporting date, the expected credit loss
ekspektasian diukur sebesar selisih is measured at the difference between the
antara nilai kini dari seluruh kekurangan present value of all cash shortages i.e., the
kas yaitu selisih antara arus kas yang difference between the cash flows owed to
terutang kepada Bank sesuai dengan the Bank in accordance with the contract
kontrak dan arus kas yang diperkirakan and the cash flows expected to be received
akan diterima oleh Bank; by the Bank;
- Aset keuangan yang memburuk pada - Financial assets that deteriorate at the
tanggal pelaporan, kerugian kredit reporting date, the expected credit loss is
ekspektasian diukur sebesar selisih measured at the difference between the
antara jumlah tercatat bruto dan nilai kini gross carrying amount and the present
arus kas masa depan yang diestimasi; value of estimated future cash flows;
41
Page 441
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
l. Penurunan nilai aset keuangan (lanjutan) l. Impairment of financial assets (continued)
Pengukuran Kerugian Kredit Ekspektasian Measurement of Expected Credit Losses
(lanjutan) (continued)
Kerugian Kredit Ekspektasian adalah Expected Credit Losses are the estimate of the
estimasi probabilitas tertimbang dari weighted probability of a credit loss measured
kerugian kredit yang diukur sebagai berikut: as follows:
- Komitmen pinjaman yang belum ditarik, - For undisbursed loan commitments,
kerugian kredit ekspektasian diukur expected credit losses are measured at the
sebesar selisih antara nilai kini jumlah difference between the present value of the
arus kas jika komitmen ditarik dan arus amount of cash flow if the commitments is
kas yang diperkirakan akan diterima oleh withdrawn and the cash flow expected to be
Bank; received by the Bank;
- Kontrak jaminan keuangan, kerugian - For financial guarantee contracts, expected
kredit ekspektasian diukur sebesar selisih credit losses are measured at the difference
antara pembayaran yang diperkirakan between the estimated payments to replace
untuk mengganti pemegang atas the holder for the credit losses incurred less
kerugian kredit yang terjadi dikurangi the amount estimated to be recoverable.
jumlah yang diperkirakan dapat
dipulihkan.
Aset keuangan yang direstrukturisasi Restructured financial assets
Jika ketentuan aset keuangan If the terms of the financial assets are
dinegosiasikan ulang atau dimodifikasi atau renegotiated or modified or the existing
aset keuangan yang ada diganti dengan financial assets are replaced with new ones
yang baru karena kesulitan keuangan due to the borrower’s financial difficulties, an
peminjam, maka dilakukan penilaian apakah assessment is made whether recognition of
aset keuangan yang ada harus dihentikan existing financial assets must be derecognized
pengakuannya dan kerugian kredit and expected credit losses measured as
ekspektasian diukur sebagai berikut: follows:
- Jika restrukturisasi tidak mengakibatkan - If the restructuring does not result in the
penghentian pengakuan aset yang ada, termination of recognition of existing
maka arus kas yang diperkirakan yang assets, then the estimated cash flows
timbul dari aset keuangan yang arising from the modified financial assets
dimodifikasi dimasukkan dalam are included in the calculation of cash
perhitungan kekurangan kas dari aset shortages of existing assets.
yang ada.
- Jika restrukturisasi akan menghasilkan - If the restructuring will result in a
penghentian pengakuan aset yang ada, derecognition of the existing assets, the fair
maka nilai wajar aset baru diperlakukan value of the new asset is treated as the final
sebagai arus kas akhir dari aset cash flow of the existing financial assets at
keuangan yang ada pada saat the time of derecognition. This amount is
penghentian pengakuannya. Jumlah ini included in the calculation of cash
dimasukkan dalam perhitungan shortages from existing financial assets
kekurangan kas dari aset keuangan yang which are discounted from the date of
ada yang didiskontokan dari tanggal derecognition to the reporting date using
penghentian pengakuan ke tanggal the initial effective interest rate of the
pelaporan menggunakan suku bunga existing financial assets.
efektif awal dari aset keuangan yang
ada.
42
Page 442
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
l. Penurunan nilai aset keuangan (lanjutan) l. Impairment of financial assets (continued)
Aset keuangan yang memburuk Credit impaired financial assets
Pada setiap tanggal pelaporan, Bank menilai At each reporting date, the Bank assesses
apakah aset keuangan yang dicatat pada whether the financial assets recorded at
biaya perolehan diamortisasi dan aset amortized cost and the financial assets of debt
keuangan instrumen utang yang dicatat pada instruments which are recorded at fair value
nilai wajar melalui penghasilan komprehensif through other comprehensive income are
lain mengalami penurunan nilai kredit credit-impaired (worsening). Financial assets
(memburuk). Aset keuangan memburuk deteriorate when one or more events that have
ketika satu atau lebih peristiwa yang memiliki an adverse effect on the estimated future cash
damerugikan atas estimasi arus kas masa flows of the financial assets have occurred.
depan dari aset keuangan telah terjadi.
Bukti bahwa aset keuangan mengalami Evidence that financial assets become credit
penurunan nilai kredit (memburuk) termasuk impaired (worsening) including observable
data yang dapat diobservasi mengenai data regarding the following events:
peristiwa berikut ini:
- Kesulitan keuangan signifikan yang - Significant financial difficulties experienced
dialami penerbit atau pihak peminjam; by the issuer or the borrower;
- Pelanggaran kontrak, seperti peristiwa - Breach of contract, such as a default or
gagal bayar atau peristiwa tunggakan; arrears;
- Pihak pemberi pinjaman, untuk alasan - The lender, for economic or contractual
ekonomis atau kontraktual sehubungan reasons in relation to the financial difficulties
dengan kesulitan keuangan yang dialami experienced by the borrower, the lender has
pihak peminjam, pihak pemberi pinjaman given concession which is not possible if the
telah memberikan konsesi yang tidak borrower does not experience such
mungkin diberikan jika pihak peminjam difficulties;
tidak mengalami kesulitan tersebut;
- Terjadi kemungkinan bahwa pihak - It is probable that the borrower will enter
peminjam akan dinyatakan pailit atau bankruptcy or the other financial
melakukan reorganisasi keuangan reorganization;
lainnya;
- Hilangnya pasar aktif dari aset keuangan - Loss of an active market for financial assets
akibat kesulitan keuangan; atau due to financial difficulties; or
- Pembelian atau penerbitan aset keuangan - Purchase or issuance of financial asset at
dengan diskon sangat besar yang significant discount which reflects the credit
mencerminkan kerugian kredit yang loss that occurs.
terjadi.
43
Page 443
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
l. Penurunan nilai aset keuangan (lanjutan) l. Impairment of financial assets (continued)
Aset keuangan yang memburuk (lanjutan) Credit-impaired financial assets (continued)
Penyisihan kerugian kredit ekspektasian Allowance for expected credit losses is
disajikan dalam laporan posisi keuangan presented in the statement of financial
sebagai berikut: positions as follows:
- Aset keuangan yang diukur pada biaya - Financial assets measured at amortized
perolehan diamortisasi, penyisihan cost, allowance for expected credit losses is
kerugian kredit ekspektasian disajikan presented as a deduction from the gross
sebagai pengurang dari jumlah tercatat carrying amount of the asset;
bruto aset;
- Komitmen pinjaman dan kontrak jaminan - Loan commitments and financial guarantee
keuangan, penyisihan kerugian kredit contracts, allowance for expected credit
ekspektasian disajikan sebagai provisi; losses is presented as a provision;
- Instrumen utang yang diukur pada nilai - Debt instruments measured at fair value
wajar melalui penghasilan komprehensif through other comprehensive income,
lain, penyisihan kerugian kredit allowance for expected credit losses is not
ekspektasian tidak diakui dalam laporan recognized in the statement of financial
posisi keuangan karena jumlah tercatat position because the carrying amounts of
dari aset-aset ini adalah nilai wajarnya. these assets are at their fair values.
Namun demikian, penyisihan kerugian However, allowance for expected credit
kredit ekspektasian diungkapkan dan losses is disclosed and recognized in other
diakui dalam penghasilan komprehensif comprehensive income.
lain.
Perhitungan penurunan nilai secara Individual impairment calculation
individual
Bank menetapkan pinjaman yang diberikan The Bank determines that impairment of loans
harus dievaluasi penurunan nilainya secara shall be evaluated individually, if one of the
individual, jika memenuhi salah satu kriteria following criteria is met:
di bawah ini:
- Pinjaman yang diberikan secara individual - Loans which individually have significant
memiliki nilai signifikan; atau value; or
- Pinjaman diberikan yang direstrukturisasi - Restructured loans which individually have
secara individual memiliki nilai signifikan. significant value.
44
Page 444
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
l. Penurunan nilai aset keuangan (lanjutan) l. Impairment of financial assets (continued)
Perhitungan penurunan nilai secara Collective impairment calculation
kolektif
Bank menetapkan pinjaman yang diberikan The Bank determines that impairment of loans
harus dievaluasi penurunan nilainya secara shall be evaluated collectively, if one of the
kolektif, jika memenuhi salah satu kriteria di following criteria is met:
bawah ini:
- Pinjaman yang diberikan secara individual - Loans which individually have insignificant
memiliki nilai tidak signifikan; atau value; or
- Pinjaman diberikan yang direstrukturisasi - Restructured loans which individually have
secara individual memiliki nilai tidak insignificant value.
signifikan.
Penerimaan kembali atas aset keuangan Recoveries of written-off financial assets
yang telah dihapusbukukan
Ketika pinjaman yang diberikan tidak When a loan is uncollectible, it is written-off
tertagih, pinjaman yang diberikan tersebut against the related allowance for impairment
dihapusbukukan dengan menjurnal balik loss. Such loans are written-off after all the
cadangan kerugian penurunan nilai. necessary procedures have been completed
Pinjaman yang diberikan tersebut dapat and the amount of the loss has been
dihapusbukukan setelah semua prosedur determined.
yang diperlukan telah dilakukan dan jumlah
kerugian telah ditentukan.
Penerimaan kembali atas aset keuangan The recoveries of written-off financial assets in
yang telah dihapusbukukan pada tahun the current year and previous years are
berjalan dan pada tahun sebelumnya dicatat recorded as operational income other than
sebagai pendapatan operasional selain interest income.
pendapatan bunga.
m. Penurunan nilai aset non-keuangan m. Impairment of non-financial assets
Pada setiap tanggal pelaporan, Bank At each reporting date, the Bank assesses
melakukan penilaian apakah terdapat whether there is any indication that its non-
indikasi bahwa aset non-keuangan mungkin financial assets may be impaired in accordance
mengalami penurunan nilai sesuai dengan with SFAS 236 regarding “Impairment of Asset
PSAK 236 tentang “Penurunan Nilai Aset”. Value”. When an indicator of impairment exists
Ketika suatu indikator penurunan nilai terjadi or when an annual impairment testing for an
atau ketika pengujian penurunan nilai asset is required, the Bank makes a formal
tahunan untuk aset diperlukan, maka Bank estimation of the recoverable amount.
membuat estimasi resmi atas jumlah yang
terpulihkan.
45
Page 445
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
m. Penurunan nilai aset non-keuangan m. Impairment of non-financial assets
(lanjutan) (continued)
Nilai yang dapat dipulihkan adalah nominal Recoverable amount is the higher of an asset’s
yang lebih tinggi antara dari nilai wajar aset (or cash-generating unit) fair value less costs to
(atau unit penghasil kas) dikurangi besarnya sell and its value in use and is determined for
biaya untuk menjual dengan nilai pakai yang an individual asset, unless the asset does not
ditentukan untuk aset individu, kecuali jika generate cash inflows that are largely
aset tersebut tidak menghasilkan sebagian independent of those from other assets or
besar arus kas masuk dibandingkan groups of assets, in which case the recoverable
sejumlah aset lain atau kelompok aset, maka amount is assessed as part of the cash
nilai terpulihkan dinilai sebagai bagian dari generating unit to which it belongs. When the
unit penghasil kas. Apabila nilai tercatat carrying amount of an asset (or cash-
suatu aset (atau unit penghasil kas) lebih generating unit) exceeds its recoverable
besar daripada nilai terpulihkannya, maka amount, then the asset (or cash-generating
aset (atau unit penghasil kas) tersebut unit) is considered impaired and is written down
dianggap mengalami penurunan nilai dan to its recoverable amount. For assessing value
dicatat sebesar nilai terpulihkannya. Dalam in use, the estimated future cash flows are
menilai nilai pakai, estimasi arus kas masa discounted to their present value using a pre-
depan didiskontokan ke nilai kini tax discount rate that reflects current market
menggunakan tingkat suku bunga diskonto assessments of the time value of money and
sebelum pajak yang mencerminkan penilaian the risks specific to the asset (or cash-
pasar terkini mengenai nilai waktu dari uang generating unit).
dan risiko khusus terkait aset (atau unit
penghasil kas) tersebut.
Kerugian penurunan nilai akan dibebankan An impairment loss is charged to operations on
pada periode yang bersangkutan, kecuali the period in which it arises, unless the asset is
apabila aset tersebut telah dicatat sebesar carried at a revalued amount, in which case the
jumlah yang direvaluasi, maka kerugian impairment loss is charged to the revaluation
penurunan nilai tersebut akan dibebankan increment of the said asset.
pada selisih penilaian kembali aset tersebut.
Bank melakukan evaluasi pada setiap The Bank assesses at each reporting date as
tanggal pelaporan apakah terdapat indikasi to whether there is any indication that
bahwa pengakuan kerugian penurunan nilai previously recognized impairment losses may
sebelumnya mungkin tidak lagi ada atau no longer exist or may have decreased. If such
telah menurun. Bila terdapat indikasi indications exist, then the recoverable amounts
tersebut, maka nilai terpulihkan akan shall be estimated. A previously recognized
diestimasi. Kerugian penurunan nilai yang impairment loss is reversed only if there has
sebelumnya telah diakui akan dibalik hanya been a change in the estimates used to
jika telah terjadi perubahan dalam estimasi determine the asset’s recoverable amount
yang digunakan untuk menentukan nilai since the last impairment loss was recognized.
terpulihkan aset sejak kerugian penurunan If that is the case, the carrying amount of the
nilai terakhir diakui. Jika demikian, nilai asset will be increased to its recoverable
tercatat aset akan ditingkatkan sebesar nilai amount.
terpulihkannya.
46
Page 446
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
m. Penurunan nilai aset non-keuangan m. Impairment of non-financial assets
(lanjutan) (continued)
Peningkatan nilai aset tersebut tidak dapat The increased amount cannot exceed the
melebihi nilai tercatat yang seharusnya carrying amount that would have been
diakui, setelah dikurangi penyusutan jika determined, net of depreciation, assuming that
diasumsikan tidak terdapat penurunan nilai there has no impairment loss been recognized
pada tahun sebelumnya. Pembalikan for the asset in prior years. Such reversal is
tersebut diakui di dalam laporan laba rugi dan recognized in the statement of profit or loss and
penghasilan komprehensif lain, kecuali jika other comprehensive income, unless the asset
aset tersebut dicatat pada nilai revaluasi, is carried at a revalued amount, in which case
dimana pembalikannya akan diakui sebagai the reversal is treated as a revaluation
peningkatan revaluasi. increase.
Setelah pembalikan tersebut dicatat, beban After such reversal is recorded, the
penyusutan akan disesuaikan ke tahun- depreciation expense shall be adjusted in
tahun mendatang untuk mengalokasikan nilai future years to allocate the asset’s revised
tercatat aset yang telah direvaluasi, setelah carrying amount, minus any residual value on a
dikurangi nilai sisa yang diperhitungkan systematic basis over its remaining life.
secara sistematis sepanjang masa manfaat
aset tersebut.
n. Efek-efek yang dibeli/dijual dengan janji n. Securities purchased/sold under
dijual/dibeli kembali agreements to resell/repurchase
Efek-efek yang dibeli dengan janji untuk Securities purchased under agreements to
dijual kembali pada kelompok biaya resell at amortized cost are measured at
perolehan diamortisasi, diukur pada biaya amortized cost by using the effective interest
perolehan diamortisasi dengan rate method.
menggunakan metode suku bunga efektif.
Efek-efek yang dibeli dengan janji untuk Securities purchased under agreements to
dijual kembali diukur pada nilai wajar melalui resell are measured at fair value through profit
laba rugi dicatat di laporan posisi keuangan or loss are recorded at fair value in the
sebesar nilai wajar. statement of financial position.
Efek-efek yang dibeli dengan janji untuk Securities purchased under agreements to
dijual kembali disajikan sebagai aset dalam resell are presented as asset in the statement
laporan posisi keuangan sebesar harga of financial position, at the resale price net of
penjualan kembali dikurangi dengan unamortized interest income and allowance for
pendapatan bunga yang belum diamortisasi impairment losses. The difference between the
dan cadangan kerugian penurunan nilai. purchase price and the resale price is treated
Selisih antara harga beli dan harga jual as unearned interest income, and recognized
kembali diperlakukan sebagai pendapatan as income over the period starting from when
bunga yang ditangguhkan dan diakui sebagai those securities are purchased until they are
pendapatan selama periode sejak efek-efek sold by using effective interest rate method.
tersebut dibeli hingga dijual menggunakan
suku bunga efektif.
47
Page 447
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
n. Efek-efek yang dibeli/dijual dengan janji n. Securities purchased/sold under
dijual/dibeli kembali (lanjutan) agreements to resell/repurchase (continued)
Efek-efek yang dijual dengan janji untuk Securities sold under agreements to
dibeli kembali disajikan sebagai liabilitas repurchase are presented as liabilities in the
dalam laporan posisi keuangan sebesar statement of financial position at the
harga pembelian kembali, dikurangi dengan repurchase price, net of unamortized prepaid
bunga dibayar di muka yang belum interest. The difference between the selling
diamortisasi. Selisih antara harga jual dan price and the repurchase price is treated as
harga beli kembali diperlakukan sebagai prepaid interest and recognized as interest
bunga dibayar di muka dan diakui sebagai expense over the period starting from when
beban bunga selama jangka waktu sejak those securities are sold until they are
efek-efek tersebut dijual hingga dibeli repurchased by using effective interest rate
kembali menggunakan metode suku bunga method.
efektif.
Efek-efek yang dijual dengan janji untuk Securities sold under agreements to
dibeli kembali diukur pada nilai wajar melalui repurchase are measured at fair value through
laba rugi dicatat di laporan posisi keuangan profit or loss are recorded at fair value in the
sebesar nilai wajar. statement of financial position.
Keuntungan atau kerugian yang belum Unrealized gains or losses resulting from the
direalisasi akibat kenaikan atau penurunan increase or decrease in fair value are
nilai wajar disajikan dalam laporan laba rugi recognized in the current year statement of
tahun berjalan. profit or loss.
o. Aset tetap o. Fixed assets
Aset tetap dinyatakan sebesar biaya Fixed assets are stated at cost minus
perolehan dikurangi akumulasi penyusutan accumulated depreciation and impairment
dan rugi penurunan nilai. Biaya perolehan losses. Such cost includes the cost of
termasuk biaya penggantian bagian aset replacing part of the fixed assets when that
tetap saat biaya tersebut terjadi, jika cost is incurred, if the recognition criteria are
memenuhi kriteria pengakuan. Selanjutnya, met. Likewise, when a major inspection is
pada saat pemeriksaan yang signifikan performed, its cost is recognized in the
dilakukan, biaya pemeriksaan itu diakui pada carrying amount of the fixed assets as a
nilai tercatat aset tetap sebagai suatu replacement, if the recognition criterias are
penggantian, jika memenuhi kriteria satisfied. All repairs and maintenance costs
pengakuan. Semua biaya perbaikan dan that do not meet the recognition criterias are
pemeliharaan yang tidak memenuhi kriteria recognized in the statement of profit or loss
pengakuan diakui pada laporan laba rugi dan and other comprehensive income as incurred.
penghasilan komprehensif lain pada saat
terjadinya.
48
Page 448
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
o. Aset tetap (lanjutan) o. Fixed assets (continued)
Penyusutan dihitung dengan menggunakan Depreciation is calculated on a straight-line
metode garis lurus selama umur manfaat method over the estimated useful lives of the
aset tetap yang diestimasi sebagai berikut: assets as follows:
Tahun/
Years
Bangunan dan prasarana bangunan 10-20 Buildings and building improvements
Perabot kantor, peralatan kantor dan Furniture and fixtures, office equipment
kendaraan 3-10 and vehicles
Persentase/
Percentage
Bangunan dan prasarana bangunan 5-10 Buildings and building improvements
Perabot kantor, peralatan kantor dan Furniture and fixtures, office equipment
kendaraan 10-33 and vehicles
Biaya pengurusan hak legal atas tanah Legal cost of land rights in the form of Building
dalam bentuk Hak Guna Bangunan ketika Rights Title when the land was acquired
tanah diperoleh pertama kali diakui sebagai initially is recognized as part of the cost of the
bagian dari biaya perolehan tanah pada akun land under the “Fixed assets” account and are
“Aset tetap” dan tidak diamortisasi. not amortized.
Sementara itu, biaya pengurusan atas Meanwhile, the extension or the legal renewal
perpanjangan atau pembaruan hak legal atas costs of land rights in the form of Cultivation
tanah dalam bentuk Hak Guna Usaha, Hak Rights Title, Building Rights Title and Rights to
Guna Bangunan dan Hak Pakai dibebankan Use Title are charged to the statement of profit
pada laporan laba rugi dan penghasilan or loss and other comprehensive income as
komprehensif lain pada saat terjadinya incurred because its value is insignificant.
karena nilainya tidak signifikan.
Nilai residu, umur manfaat dan metode The residual values, useful lives and
penyusutan ditelaah dan jika sesuai dengan depreciation methods are reviewed and
keadaan, maka akan disesuaikan secara adjusted prospectively when appropriate at
prospektif pada setiap akhir periode. each period end.
Bank melakukan penelaahan untuk The Bank evaluates any indication of asset
menentukan adanya indikasi terjadinya impairment on a quarterly basis. The Bank
penurunan nilai aset setiap kuartalan. Bank determines the estimated realizable amount of
menentukan taksiran jumlah yang dapat its assets if there is an event or condition which
direalisasi kembali atas semua asetnya jika indicates impairment of the asset.
terdapat suatu peristiwa atau kondisi yang
mengindikasikan adanya penurunan nilai
aset.
49
Page 449
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
o. Aset tetap (lanjutan) o. Fixed assets (continued)
Bank mengakui aset hak guna untuk sewa The Bank recognizes the right-of-use assets
yang memenuhi kriteria PSAK 116 sebagai for lease that meet the criterias of
berikut: SFAS 116 as follows:
- Terdapat aset identifikasian; - There are identifying assets;
- Bank secara substansial menikmati - The Bank substantially enjoy the economic
manfaat ekonomis dari penggunaan aset benefits of using identifying assets;
identifikasian;
- Bank memiliki hak untuk mengendalikan - The Bank has the right to control the
aset identifikasian dimaksud. identifying assets.
Bank menerapkan pengecualian atas sewa The Bank applies exceptions to the lease as
sebagai berikut: follows:
- Dengan jangka waktu kurang atau sama - With a term less than or equal to 12 months
dengan 12 bulan dan tidak terdapat opsi and no purchase options;
beli;
- Dengan nilai pendasar rendah, yaitu - With low base value, i.e., less or equal to
kurang atau sama dengan Rp75.000.000 Rp75,000,000 (full amount).
(nilai penuh);
Untuk sewa yang tidak memenuhi kriteria For lease that does not meet the criterias of
PSAK 116, maka diperlakukan sebagai sewa SFAS 116, then it is treated as a regular
operasi biasa. operating lease.
Bank mengakui liabilitas sewa sebesar The Bank recognizes lease liabilities at the
jumlah pembayaran sewa yang masih harus amount of lease payments accrued to the end
dibayar hingga akhir masa sewa yang of the lease term which discounted using the
didiskontokan dengan menggunakan suku incremental borrowing rate. While the right-of-
bunga pinjaman inkremental. Sedangkan use assets includes the amount of lease
aset hak guna mencakup jumlah liabilitas liabilities recognized, initial direct costs paid,
sewa yang diakui, biaya langsung awal yang restoration costs and lease payments on or
dibayarkan, biaya pemulihan dan before the start date of the lease, less lease
pembayaran sewa yang dilakukan pada atau incentives received. Right-of-use assets are
sebelum tanggal mulai sewa, dikurangi depreciated using the straight-line method
insentif sewa yang diterima. Aset hak guna over the shorter period between the lease term
disusutkan dengan metode garis lurus and the estimated useful life of the asset.
selama jangka waktu yang lebih pendek
antara masa sewa dengan estimasi masa
manfaat aset.
p. Aset hak guna dan liabilitas sewa p. Right-of-use assets and lease liabilities
Jika kepemilikan aset sewa dialihkan ke If the ownership of lease asset is transferred
Bank pada akhir masa sewa atau to the Bank at the end of the lease term or the
pembayaran sewa mencerminkan lease payments reflect the exercise of the
pelaksanaan opsi pembelian, maka purchase option, then depreciation is
penyusutan dihitung menggunakan estimasi calculated using the estimated useful life of the
masa manfaat ekonomis aset. Aset hak guna assets. Right-of-use assets are tested for
diuji penurunan nilainya sesuai dengan impairment in accordance with SFAS 236
PSAK 236 tentang “Penurunan Nilai Aset”. regarding “Impairment”.
50
Page 450
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
p. Aset hak guna dan liabilitas sewa p. Right-of-use assets and lease liabilities
(lanjutan) (continued)
Pada tanggal dimulainya sewa, Bank On the initial of lease date, the Bank
mengakui liabilitas sewa yang diukur pada recognizes lease liabilities which measured at
nilai kini dari pembayaran sewa masa depan the present value of future lease payments
yang akan dibayarkan selama masa sewa. that will be paid over the lease term. Lease
Pembayaran sewa termasuk pembayaran payments include fixed payments (including
tetap (termasuk pembayaran tetap secara substantially fixed payments), less lease
substansi) dikurangi piutang insentif sewa, incentive receivables, variable lease
pembayaran sewa variabel yang bergantung payments that depends on index or interest
pada indeks atau suku bunga dan jumlah rate and the expected amount to be paid in a
yang diharapkan akan dibayar dalam residual value guarantee. Lease payments
jaminan nilai residu. Pembayaran sewa juga also include the reasonable exercise price for
termasuk harga eksekusi opsi pembelian the purchase option if it is determined to be
yang wajar jika dipastikan akan dilakukan made by the Bank and the payment of a
oleh Bank dan pembayaran penalti untuk penalty to terminate the lease, if the lease term
mengakhiri sewa, jika jangka waktu sewa reflects the Bank exercising the lease
mencerminkan Bank mengeksekusi opsi termination option.
penghentian sewa.
Pembayaran sewa variabel yang tidak Variable lease payments that are not depends
bergantung pada indeks atau suku bunga on an index or interest rate are recognized as
diakui sebagai beban pada periode di mana an expense in the period in which the event or
peristiwa atau kondisi yang memicu condition that triggers the payment occurs.
pembayaran terjadi.
Dalam menghitung nilai kini dari pembayaran In calculating the present value of lease
sewa, Bank menggunakan suku bunga payments, the Bank uses the lessee
pinjaman inkremental penyewa pada tanggal incremental borrowing rate at the inception
dimulainya sewa karena suku bunga implisit date of the lease since the interest rate implicit
dalam sewa tidak dapat ditentukan. Setelah in the lease cannot be determined. After the
tanggal dimulainya sewa, jumlah liabilitas inception date of the lease, the amount of the
sewa ditingkatkan untuk mencerminkan lease liability is increased to reflect the interest
pertambahan bunga dan dikurangi increase and less lease payments made.
pembayaran sewa yang dilakukan. Selain itu, Furthermore, the lease liabilities carrying
jumlah tercatat liabilitas sewa diukur kembali amount is remeasured if there are
jika terdapat modifikasi, perubahan jangka modifications, changes in term of the lease,
waktu sewa, perubahan pembayaran sewa, lease payments, or the valuation of the option
atau perubahan dalam penilaian opsi untuk to purchase the underlying asset.
membeli aset pendasar.
51
Page 451
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
p. Aset hak guna dan liabilitas sewa p. Right-of-use assets and lease liabilities
(lanjutan) (continued)
Sewa jangka pendek dengan jangka waktu Short-term leases with term of less or equal to
kurang atau sama dengan 12 bulan dan 12 months and leases of low-value assets,
sewa aset bernilai rendah, serta elemen- and elements of those leases, partially or
elemen sewa tersebut, sebagian atau entirely not applying the recognition principles
seluruhnya tidak menerapkan prinsip-prinsip stipulated by SFAS 116. The Bank will
pengakuan yang ditentukan oleh PSAK 116. recognize these lease payments on a straight-
Bank akan mengakui pembayaran sewa line basis during the lease period on the
tersebut dengan dasar garis lurus selama statement of profit or loss and other
masa sewa dalam laporan laba rugi dan comprehensive income. This expense is
penghasilan komprehensif lain. Beban ini recorded under general and administrative
dicatat pada beban umum dan administrasi expenses in profit or loss.
dalam laporan laba rugi.
q. Aset tak berwujud q. Intangible assets
Aset tak berwujud diukur sebesar nilai Intangible assets is measured on initial
perolehan pada pengakuan awal, kemudian recognition at cost, then will be carried at cost
dicatat pada biaya perolehan dikurangi less any accumulated amortization and any
akumulasi amortisasi dan akumulasi accumulated impairment loss. The usefeul life
kerugian penurunan nilai. Umur manfaat aset of intangible assets is assessed to be either
tak berwujud dinilai apakah terbatas atau finite of indefinite.
tidak terbatas.
Aset tak berwujud dengan umur manfaat Intangible asset with finite useful life
terbatas
Aset tak berwujud dengan umur manfaat Intangible assets with finite useful life is
terbatas diamortisasi selama umur manfaat amortized over the economic useful life by
ekonomi dengan metode garis lurus (atau using a straight-line method (or other method
metode lain sepanjang mencerminkan pola as it reflects the pattern in which the asset’s
manfaat ekonomis masa depan yang future economic benefits are expected to be
diperkirakan dikonsumsi oleh entitas). consumed by the entity).
Amortisasi dihitung sebagai penghapusan Amortization is calculated to write-off the cost
biaya perolehan aset, dikurangi nilai of the assets, less its estimated residual value,
residunya, atas umur ekonomisnya sebagai over its useful economic life as follows:
berikut:
Tahun/
Years
Hubungan dengan nasabah 10 Customer relationship
Core deposits 10 Core deposits
Periode amortisasi dan metode amortisasi The amortization period and the amortization
untuk aset tak berwujud dengan umur method for an intangible asset with finite useful
manfaat terbatas ditelaah setidaknya setiap life are reviewed at least at each financial year-
akhir tahun buku. end.
52
Page 452
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
q. Aset tak berwujud (lanjutan) q. Intangible assets (continued)
Aset tak berwujud dengan umur manfaat Intangible asset with indefinite useful life
tidak terbatas
Aset tak berwujud dengan umur manfaat Intangible assets with indefinite useful life is
tidak terbatas tidak diamortisasi. Masa not amortized. The useful life of this type of
manfaat jenis aset ini ditelaah setiap tahun asset that is not being amortized is reviewed
untuk menentukan apakah peristiwa dan annually to determine whether events and
keadaan dapat terus mendukung penilaian cisrcumstances continue to support an
bahwa umur manfaat tetap tidak terbatas. indefinite useful life assessment for that asset.
Jika tidak, perubahan masa manfaat dari If not, the change in the useful life assessment
tidak terbatas menjadi terbatas diterapkan from indefinite to finite is accounted for an
secara prospektif. prospective basis.
Aset tak berwujud dengan umur manfaat Intangible assets with indefinite useful life is
tidak terbatas diuji untuk penurunan nilai tested for impairment annually and whenever
setiap tahun dan kapanpun terdapat suatu there is an indication that the intangible asset
indikasi bahwa aset tak berwujud mungkin may be impaired.
mengalami penurunan nilai.
Aset tak berwujud dihentikan pengakuannya An intangible asset is derecognized upon
pada saat pelepasan (yaitu, pada tanggal disposal (i.e., at the date the recipient obtains
penerima memperoleh kendali) atau ketika control) or when no future economic benefits
tidak ada manfaat ekonomi masa depan are expected from its use or disposal. Any gain
yang diharapkan dari penggunaan atau or loss arising upon derecognition of the asset
pelepasannya. Keuntungan atau kerugian (calculated as the difference between the net
yang timbul dari penghentian pengakuan disposal proceeds and the carrying amount of
aset (dihitung sebagai perbedaan antara the asset) is included in the statement of profit
hasil pelepasan neto dan jumlah tercatat or loss.
aset) dimasukkan dalam laporan laba rugi.
r. Agunan yang diambil alih r. Foreclosed assets
Agunan yang diambil alih sehubungan Collaterals acquired through foreclosures
dengan penyelesaian pinjaman yang related to the loans settlement are presented
diberikan disajikan sebagai bagian dari akun as part of “Other assets” account.
“Aset lain-lain”.
Pada saat pengakuan awal, agunan yang At initial recognition, foreclosed assets are
diambil alih dibukukan pada nilai wajar stated at fair value, net of estimated costs to
setelah dikurangi perkiraan biaya untuk sell at the maximum of the borrower’s liabilities
menjualnya, maksimum sebesar liabilitas as stated in the statement of financial position.
debitur di laporan posisi keuangan. Setelah After initial recognition, foreclosed assets are
pengakuan awal, agunan yang diambil alih recorded at the amount whichever is lower of
dibukukan sebesar nilai yang lebih rendah the carrying amount and fair value, net of
antara nilai tercatat dengan nilai wajarnya estimated costs to sell. The excess of the
setelah dikurangi dengan biaya untuk uncollectible loan balance over the value of the
menjualnya. Selisih lebih saldo kredit diatas collateral is charged to allowance for
nilai realisasi bersih dari agunan yang diambil impairment losses.
alih dibebankan ke dalam akun cadangan
kerugian penurunan nilai.
53
Page 453
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
r. Agunan yang diambil alih (lanjutan) r. Foreclosed assets (continued)
Beban-beban yang berkaitan dengan Maintenance expenses of foreclosed assets
pemeliharaan agunan yang diambil alih are charged to the statement of profit or loss
dibebankan pada laporan laba rugi dan and other comprehensive income as incurred.
penghasilan komprehensif lain pada saat
terjadinya.
Laba atau rugi yang diperoleh atau berasal Gains or losses earned or incurred from the
dari penjualan agunan yang diambil alih sale of foreclosed assets are presented as part
disajikan sebagai bagian dari “Pendapatan/ of “Non-operating income/(expense) - net” in
(beban) non-operasional - neto” pada the statement of profit or loss and other
laporan laba rugi dan penghasilan comprehensive income for the current year.
komprehensif lain tahun berjalan.
s. Biaya dibayar di muka s. Prepaid expenses
Biaya dibayar di muka dibebankan pada Prepaid expenses are charged to operations
usaha sesuai dengan masa manfaatnya dan over the period benefited and presented as
disajikan sebagai bagian dari akun “Aset lain- part of “Other assets” account.
lain”.
t. Simpanan dari nasabah t. Deposits from customers
Simpanan dari nasabah adalah dana yang Deposits from customers are the funds
dipercayakan oleh nasabah (di luar bank lain) entrusted by customers (excluding other
kepada Bank berdasarkan perjanjian banks) to the Bank based on deposit
penyimpanan dana. Simpanan dari nasabah agreements. Deposits from customers consist
terdiri dari giro, tabungan dan deposito of demand deposits, saving deposits and time
berjangka. deposits.
Giro, tabungan dan deposito berjangka Demand deposits, saving deposits and time
diakui sebesar nilai wajar pada awalnya dan deposits are initially recognized at fair value
selanjutnya diukur sebesar biaya perolehan and subsequently measured at amortized
diamortisasi. Biaya perolehan diamortisasi cost. Amortized cost is calculated by taking
dihitung dengan memperhitungkan adanya into account any discount or premium related
diskonto atau premi terkait dengan to the initial recognition of deposits and
pengakuan awal simpanan dan biaya transaction costs that are an integral part of the
transaksi yang merupakan bagian yang tak EIR.
terpisahkan dari suku bunga efektif.
u. Simpanan dari bank lain u. Deposits from other banks
Simpanan dari bank lain merepresentasikan Deposits from other banks represent liabilities
liabilitas terhadap bank lain, baik di dalam to other domestic and overseas banks in the
maupun di luar negeri berupa giro, tabungan, form of demand deposits, saving deposits,
interbank call money dengan periode jatuh interbank call money with maturity period
tempo berdasarkan perjanjian kurang dari under agreement is less than or equal to
atau sama dengan 90 hari dan deposito 90 days and time deposits.
berjangka.
54
Page 454
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
u. Simpanan dari bank lain (lanjutan) u. Deposits from other banks (continued)
Simpanan dari bank lain diakui sebesar nilai Deposits from other banks are initially
wajar pada awalnya dan selanjutnya recognized at fair value and subsequently
diukur sebesar biaya perolehan diamortisasi measured at amortized cost using the EIR.
dengan menggunakan suku bunga efektif. Amortized cost is calculated by taking into
Biaya perolehan diamortisasi dihitung account any discount or premium related to
dengan memperhitungkan diskonto atau the initial recognition of deposits from other
premi yang terkait dengan pengakuan awal bank and transaction costs that are integral
simpanan dari bank lain dan biaya transaksi part of the EIR.
yang merupakan bagian yang tidak
terpisahkan dari suku bunga efektif.
v. Efek utang yang diterbitkan v. Debt securities issued
Efek utang yang diterbitkan diakui sebesar Debt securities issued are initially recognized
nilai wajar pada awalnya dan selanjutnya at fair value and subsequently measured at
diukur sebesar nilai biaya perolehan amortized cost using EIR method. Amortized
diamortisasi dengan menggunakan metode cost is calculated by taking into account any
suku bunga efektif. Biaya perolehan discount or premium related to the initial
diamortisasi dihitung dengan recognition of debt securities issued and
memperhitungkan adanya diskonto atau transaction costs that are an integral part of
premi terkait dengan pengakuan awal efek EIR.
utang yang diterbitkan dan biaya transaksi
yang merupakan bagian yang tidak
terpisahkan dari suku bunga efektif.
w. Pendapatan dan beban bunga w. Interest income and expenses
Instrumen keuangan yang diukur pada biaya For financial instruments measured at
perolehan diamortisasi, aset dan liabilitas amortized cost, financial assets and liabilities
keuangan yang diklasifikasikan sebagai nilai classified as fair value through other
wajar melalui pendapatan komprehensif lain, comprehensive income, interest income and
pendapatan maupun beban bunganya diakui expenses are recognized using the EIR, which
dengan menggunakan suku bunga efektif is the rate that exactly discounts the estimated
yaitu suku bunga yang akan mendiskonto future cash payments or receipts through the
secara tepat estimasi pembayaran atau expected life of the financial instrument or a
penerimaan kas di masa depan sepanjang shorter period, where appropriate, to the net
perkiraan umur instrumen keuangan tersebut carrying amount of the financial asset or
atau jika lebih tepat untuk masa yang lebih financial liability. The calculation takes into
singkat sebagai nilai tercatat bersih dari account all contractual terms of the financial
aset atau liabilitas keuangan tersebut. instrument and includes any fees or
Perhitungan dilakukan dengan incremental costs that are directly attributable
mempertimbangkan seluruh syarat dan to the instrument and are an integral part of the
ketentuan kontraktual instrumen keuangan EIR.
termasuk fee atau biaya tambahan yang
terkait secara langsung dengan instrumen
tersebut yang merupakan bagian tidak
terpisahkan dari suku bunga efektif.
55
Page 455
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
w. Pendapatan dan beban bunga (lanjutan) w. Interest income and expenses (continued)
Nilai tercatat aset atau liabilitas keuangan The carrying amount of the financial asset or
disesuaikan jika Bank merevisi estimasi liability is adjusted if the Bank revises its
pembayaran atau penerimaan. Nilai tercatat estimates of payments or receipts. The adjusted
yang disesuaikan tersebut dihitung dengan carrying amount is calculated using the initial
menggunakan suku bunga efektif awal dan EIR and the change in carrying amount is
perubahan nilai tercatat dibukukan pada recorded in the statement of profit or loss and
laporan laba rugi dan pendapatan other comprehensive income. However, for a
komprehensif lainnya. Tetapi untuk aset reclassified financial asset for which the Bank
keuangan yang telah direklasifikasi, dimana subsequently increases its estimates of future
pada tahun berikutnya Bank meningkatkan cash receipts as a result of increased
estimasi pemulihan kas sebagai hasil dari recoverability of those cash receipts, the effect
peningkatan pengembalian penerimaan kas, of that increase is recognized as an adjustment
dampak peningkatan pemulihan tersebut to the EIR from the date of the change in
diakui sebagai penyesuaian suku bunga estimate.
efektif sejak tanggal perubahan estimasi.
Ketika nilai tercatat aset keuangan atau Once the recorded value of a financial asset or
kelompok aset keuangan serupa telah a group of similar financial assets has been
diturunkan akibat kerugian penurunan nilai, reduced due to an impairment loss, accordingly
maka pendapatan bunga tetap diakui pada interest income continues to be recognized
tingkat suku bunga yang digunakan untuk using the rate of interest used to discount the
mendiskontokan arus kas masa depan dalam future cash flows for the purpose of measuring
pengukuran kerugian penurunan nilai. the impairment loss.
x. Pendapatan dan beban provisi dan komisi x. Fees and commissions income and
expenses
Pendapatan dan beban provisi dan komisi Fees and commissions that have material
yang jumlahnya material yang berkaitan amount directly related with the acquisition of
langsung dengan kegiatan pemberian aset financial assets are recognized as addition or
keuangan diakui sebagai bagian penambah deduction part of acquisition cost of related
atau pengurang dari biaya perolehan aset financial assets and will be recognized as
keuangan yang bersangkutan dan akan income and amortized using the EIR during the
diakui sebagai pendapatan dengan cara expected life of financial assets or liabilities.
diamortisasi berdasarkan suku bunga efektif
sepanjang perkiraan umur aset atau liabilitas
keuangan.
Saldo beban yang ditangguhkan dan The outstanding balances of deferred fees and
pendapatan komisi atas pinjaman yang commission income on loans that are
diberikan yang diakhiri atau diselesaikan terminated or settled prior to maturity are
sebelum jatuh tempo diakui sebagai recognized as income on settlement.
pendapatan dari penyelesaian.
56
Page 456
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
y. Transaksi dan saldo dalam mata uang y. Foreign currencies transactions and
asing balances
Transaksi dalam mata uang asing dicatat Transactions involving foreign currencies are
berdasarkan kurs yang berlaku pada saat recorded at the rates of exchange prevailing at
transaksi dilakukan. Pada tanggal laporan the time the transactions are made. At
posisi keuangan, aset dan liabilitas moneter statement of financial position dates, monetary
dalam mata uang asing dijabarkan ke dalam assets and liabilities denominated in foreign
mata uang Rupiah berdasarkan kurs spot currencies are translated into Rupiah based on
Reuters pada tanggal tersebut pukul 16.00 Reuters’ spot rates at 16.00 WIB (West
WIB (Waktu Indonesia Barat). Indonesian local time) on that date.
Laba atau rugi kurs yang terjadi dikreditkan The resulting gains or losses are credited or
atau dibebankan pada laporan laba rugi dan charged to the statement of profit or loss and
penghasilan komprehensif lain tahun other comprehensive income for the current
berjalan. year.
Pada tanggal 31 Desember 2024 dan 2023, As of 31 December 2024 and 2023, the middle
kurs tengah mata uang asing adalah sebagai rates of the foreign currencies are as follows:
berikut:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Pound Sterling Inggris 20.218,54 19.626,56 Great Britain Pound Sterling
Franc Swiss 17.815,04 18.299,27 Swiss Franc
Euro Eropa 16.758,12 17.038,32 European Euro
Dolar Amerika Serikat 16.095,00 15.397,00 United States Dollar
Dolar Singapura 11.844,58 11.676,34 Singapore Dollar
Dolar Kanada 11.201,59 11.629,59 Canadian Dollar
Dolar Australia 10.013,51 10.520,77 Australian Dollar
Dolar Selandia Baru 9.067,93 9.765,55 New Zealand Dollar
Ringgit Malaysia 3.597,86 3.355,20 Malaysian Ringgit
Yuan China (CNY) 2.204,99 2.170,06 (CNY) Chinese Yuan
Yuan China (CNH) 2.198,50 2.169,50 (CNH) Chinese Yuan
Dolar Hong Kong 2.073,11 1.970,73 Hong Kong Dollar
Krona Swedia 1.463,26 1.541,54 Swedish Krona
Baht Thailand 469,79 449,74 Thailand Baht
Yen Jepang 103,03 108,88 Japanese Yen
z. Imbalan kerja z. Employee benefits
Beban pensiun berdasarkan program dana Pension costs under defined benefit pension
pensiun manfaat pasti ditentukan melalui plans are determined by periodic actuarial
perhitungan aktuaria secara periodik dengan calculation using the projected-unit-credit
menggunakan metode projected-unit-credit method and applying the assumptions on
dan menerapkan asumsi atas tingkat discount rate, expected return on plan assets
diskonto, hasil yang diharapkan atas aset and annual rate of increase in compensations.
dana pensiun dan tingkat kenaikan manfaat
pasti pensiun tahunan.
57
Page 457
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
z. Imbalan kerja (lanjutan) z. Employee benefits (continued)
Seluruh pengukuran kembali yang terdiri atas All remeasurements comprises of actuarial
keuntungan dan kerugian aktuarial dan hasil gains and losses and the return of plan assets
atas aset dana pensiun (tidak termasuk (excluding net interest) are recognized
bunga bersih) diakui langsung melalui immediately through other comprehensive
penghasilan komprehensif lainnya dengan income in order for the net pension asset or
tujuan agar aset atau kewajiban pensiun liability recognized in the statement of financial
bersih diakui dalam laporan posisi keuangan position to reflect the full value of the plan
untuk mencerminkan nilai penuh dari defisit deficit and surplus. Remeasurements are not
dan surplus dana pensiun. Pengukuran reclassified to profit or loss in the subsequent
kembali tidak direklasifikasikan ke laba atau periods.
rugi pada periode berikutnya.
Seluruh biaya jasa lalu diakui di awal pada All past service costs are recognized at the
saat amendemen/kurtailmen terjadi atau earlier of when the amendment/curtailment
ketika biaya restrukturisasi atau pemutusan occurs and when the restructuring costs or
hubungan kerja diakui. Sebagai akibatnya, termination costs are recognized. As a result,
biaya jasa lalu yang belum vested tidak lagi unvested past service costs can no longer be
dapat ditangguhkan dan diakui selama deferred and recognized over the future
periode vesting masa depan. vesting period.
Beban bunga dan pengembalian aset dana The interest costs and expected return on plan
pensiun yang diharapkan sebagaimana assets used in the previous version of SFAS
digunakan dalam PSAK 219 digantikan 219 are replaced with a net-interest amount,
dengan beban bunga - bersih yang dihitung which are calculated by applying the discount
dengan menggunakan tingkat diskonto untuk rate to the net defined benefit liability or asset
mengukur kewajiban manfaat pasti-bersih at the start of each annual reporting period.
atau aset pada saat awal dari tiap periode
pelaporan tahunan.
Bank memiliki program pensiun iuran pasti. The Bank has a defined contribution plan. The
Imbalan yang akan diterima karyawan benefit to be received by employees is
ditentukan berdasarkan jumlah iuran yang determined based on the amount of
dibayarkan pemberi kerja dan karyawan contribution paid by the employer and
ditambah dengan hasil investasi iuran employee and the investment earnings of the
tersebut. fund.
aa. Pajak penghasilan aa. Income tax
Bank menerapkan PSAK 212 mengenai The Bank has applied SFAS 212 regarding
“Pajak Penghasilan” yang mengharuskan “Accounting for Income Tax” which requires
Perusahaan untuk memperhitungkan the Company to account for the current and
konsekuensi pajak kini dan pajak masa future tax consequences of the future recovery
depan atas pemulihan di masa depan (settlement) of the carrying amount of assets
(penyelesaian) dari jumlah tercatat aset (liabilities) that are recognized in the
(liabilitas) yang diakui dalam laporan posisi statements of financial position and
keuangan dan transaksi-transaksi serta transactions and other events of the current
peristiwa lain yang terjadi dalam periode period.
berjalan.
58
Page 458
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
aa. Pajak penghasilan (lanjutan) aa. Income tax (continued)
Bank menerapkan metode posisi keuangan The Bank adopts the financial position method
dalam menghitung beban pajak in determining its deferred tax. Under this
tangguhannya. Dengan metode ini, aset dan method, deferred tax assets and liabilities are
liabilitas pajak tangguhan diakui pada setiap recognized at each reporting date for
tanggal pelaporan sebesar perbedaan temporary differences between the financial
temporer aset dan liabilitas untuk tujuan and tax bases of assets and liabilities. This
akuntansi dan tujuan pajak. Metode ini juga method also requires the recognition of future
mengharuskan pengakuan manfaat pajak di tax benefits, to the extent that realization of
masa akan datang, jika kemungkinan such benefits is probable. Currently enacted or
realisasi manfaat tersebut di masa substantively enacted tax rates are used in the
mendatang cukup besar. Tarif pajak yang determination of deferred income tax.
berlaku atau yang secara substansial telah
berlaku digunakan dalam menentukan pajak
penghasilan tangguhan.
Aset pajak tangguhan diakui apabila terdapat Deferred tax assets are recognized to the
kemungkinan besar bahwa jumlah laba fiskal extent that it is probable that future taxable
pada masa datang akan memadai untuk profit will be available to compensate the
mengkompensasi perbedaan temporer yang temporary differences which result in such
menimbulkan aset pajak tangguhan tersebut. deferred tax assets.
Aset dan liabilitas pajak penghasilan Deferred income tax assets and liabilities are
tangguhan dapat saling hapus apabila offset when there is a legally enforceable right
terdapat hak yang berkekuatan hukum untuk to offset current tax assets against current tax
melakukan saling hapus antara aset pajak liabilities and when the deferred income tax
kini dengan liabilitas pajak kini dan apabila assets and liabilities relate to income taxes
aset dan liabilitas tangguhan terkait pajak levied by the same taxation authority on either
penghasilan yang dikenakan oleh otoritas the same taxable entity or different taxable
perpajakan yang sama, baik atas entitas entities where there is an intention to settle the
kena pajak yang sama ataupun berbeda dan balances on a net basis.
adanya niat untuk melakukan penyelesaian
saldo-saldo tersebut secara neto.
Perubahan terhadap kewajiban perpajakan Amendments to taxation obligations are
dicatat pada saat diterimanya surat ketetapan recorded when an assessment is received or if
atau apabila dilakukan banding ketika hasil an appeal is applied when the results of the
banding diterima. appeal are received.
ab. Laba per saham ab. Earning per share
Laba per saham dasar dihitung dengan Basic earnings per share is computed by
membagi laba tahun berjalan yang dapat dividing income for the year attributable to
diatribusikan kepada pemegang saham equity holders by weighted average number of
dengan jumlah rata-rata tertimbang saham issued and fully paid shares outstanding
yang ditempatkan dan disetor penuh pada during the year.
tahun bersangkutan.
59
Page 459
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
ac. Transaksi restrukturisasi antara entitas ac. Restructuring transactions among entities
sepengendali under common control
Bank menerapkan PSAK 338 tentang The Bank prospectively adopted SFAS 338
“Kombinasi Bisnis Entitas Sepengendali” regarding “Business Combinations of Entities
yang menggantikan PSAK 338 mengenai Under Common Control” which supersedes
“Akuntansi Restrukturisasi Entitas SFAS 338, regarding “Accounting for
Sepengendali” kecuali atas saldo selisih nilai Restructuring of Entities Under Common
transaksi restrukturisasi entitas sepengendali Control” except for the previously recognized
yang diakui sebelumnya, disajikan sebagai difference in value of restructuring
bagian dari “Tambahan Modal Disetor” dalam transactions of entities under common control
bagian ekuitas. PSAK ini mengatur tentang are presented as “Additional Paid-in Capital” in
akuntansi kombinasi bisnis entitas the equity section. This SFAS prescribes the
sepengendali, baik untuk entitas yang accounting for business combinations of
menerima bisnis maupun untuk entitas yang entities under common control for both the
melepas bisnis. entity which receiving the business and the
entity which disposing the business.
Dalam PSAK 338, pengalihan bisnis antara Under SFAS 338, transfer of business within
entitas sepengendali tidak mengakibatkan entities under common control does not result
perubahan substansi ekonomi kepemilikan in a change of the economic substance of
atas bisnis yang dialihkan dan tidak dapat ownership of the business being transferred
menimbulkan laba atau rugi bagi Bank and would not result in a gain or loss to the
secara keseluruhan ataupun bagi entitas Bank or to the individual entity within the Bank.
individual dalam Bank tersebut. Karena Since the transfer of business of entities under
pengalihan bisnis antara entitas common control does not result in a change of
sepengendali tidak mengakibatkan the economic substance, then the business
perubahan substansi ekonomi, maka bisnis being exchanged is recorded at book value as
yang dipertukarkan dicatat pada nilai buku a business combination using the pooling-of-
sebagai kombinasi bisnis dengan interests method.
menggunakan metode penyatuan
kepemilikan.
Dalam menerapkan metode penyatuan In applying the pooling-of-interests method,
kepemilikan, komponen laporan keuangan the components of the financial statements for
dimana terjadi kombinasi bisnis dan untuk the period during which the business
periode lain yang disajikan untuk tujuan combination occurred and for other periods
perbandingan disajikan sedemikian rupa presented for comparison purposes are
seolah-olah kombinasi bisnis telah terjadi presented in such a manner as if the business
sejak awal periode terjadi sepengendalian. combination has already happened since the
Selisih antara nilai tercatat transaksi beginning of the periods during which the
kombinasi bisnis dan jumlah imbalan yang entities were under common control. The
dialihkan diakui dalam akun “Tambahan difference between the carrying amounts of
modal disetor - neto”. the business combination transaction and the
consideration transferred is recognized under
the account “Additional paid-in capital - net”.
60
Page 460
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
ad. Informasi segmen ad. Segment information
Segmen operasi adalah komponen Bank An operating segment is the Bank’s
yang terlibat dalam aktivitas bisnis yang component that is involved in business
memperoleh pendapatan dan menimbulkan activities which derives income and incurs
beban, dimana hasil operasinya dikaji ulang expenses, in which the operating result is
secara regular oleh pengambil keputusan reviewed regularly by operational decision
operasional untuk membuat keputusan maker for making decisions related to
tentang sumber daya yang dialokasikan pada resources that are allocated to the segment
segmen tersebut dan menilai kinerjanya and evaluates the performance and provides
serta menyediakan informasi keuangan yang separable financial information. The operating
dapat dipisahkan. Segmen operasi terbagi segment has been determined to be
dalam kelompok wholesale, retail dan wholesale, retail and others.
lainnya.
ae. Perubahan Pernyataan Standar Akuntansi ae. Changes to Statements of Financial
Keuangan dan Interpretasi Standar Accounting Standards and Interpretations
Akuntansi Keuangan of Statements of Financial Accounting
Standards
Penerapan dan penyesuaian dari PSAK dan The adoption and the adjustment of new SFAS
amandemen baru berikut sejak tanggal and amendment since 1 January 2024 did not
1 Januari 2024, tidak menimbulkan cause any substantial changes to the Bank’s
perubahan substansial terhadap kebijakan accounting policies and did not have any
akuntansi Bank dan tidak berdampak significant impact on the amounts reported for
signifikan terhadap jumlah yang dilaporkan current years or prior years:
pada tahun berjalan atau tahun sebelumnya:
Nomenklatur Standar Akuntansi Keuangan Financial Accounting Standards Nomenclature
Kerangka Standar Pelaporan Keuangan Indonesia Financial Reporting Standard
Indonesia (”KSPKI”) dan perubahan nomor Framework (“KSPKI”) and amendments to
PSAK dan ISAK dalam Standar Akuntansi SFAS and IFAS number, are effective on
Keuangan Indonesia (sebelumnya Standar 1 January 2024. KSPKI regulates the SFAS
Akuntansi Keuangan), berlaku efektif tanggal pillars, criteria, and shifting between pillars that
1 Januari 2024. KSPKI mengatur pilar SAK applied in Indonesia, while amendments to
yang berlaku di Indonesia, kriteria, dan SFAS and IFAS number determine the number
perpindahan antar pilar SAK, sedangkan for SFAS and IFAS which referring to IFRS
perubahan nomor mengatur ketentuan Accounting Standards, local accounting
penomoran PSAK dan ISAK yang mengacu standards, and syariah accounting standards.
pada IFRS Accounting Standards, standar
akuntansi lokal, dan standar akuntansi
syariah.
Pilar Standar Akuntansi Keuangan Financial Accounting Standards Pillars
Standar ini memberikan persyaratan dan These standards provides requirements and
pedoman bagi entitas untuk menerapkan guidelines for entities to apply the correct
standar akuntansi keuangan yang benar financial accounting standards in preparing
dalam menyusun laporan keuangan general purpose financial statements.
bertujuan umum.
61
Page 461
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
ae. Perubahan Pernyataan Standar Akuntansi ae. Changes to Statements of Financial
Keuangan dan Interpretasi Standar Accounting Standards and Interpretations
Akuntansi Keuangan (lanjutan) of Statements of Financial Accounting
Standards (continued)
Penerapan dan penyesuaian dari PSAK dan The adoption and the adjustment of new SFAS
amandemen baru berikut sejak tanggal and amendment since 1 January 2024 did not
1 Januari 2024 tidak menimbulkan cause any substantial changes to the Bank’s
perubahan substansial terhadap kebijakan accounting policies and did not have any
akuntansi Bank dan tidak berdampak significant impact on the amounts reported for
signifikan terhadap jumlah yang dilaporkan current years or prior years: (continued)
pada tahun berjalan atau tahun sebelumnya:
(lanjutan)
Pilar Standar Akuntansi Keuangan (lanjutan) Financial Accounting Standards Pillars
(continued)
Akan ada 4 standar akuntansi keuangan There will be 4 financial accounting standards
yang saat ini diterapkan di Indonesia, yaitu: that are currently applied in Indonesia, namely:
- Pilar 1 Standar Akuntansi Keuangan - Pillar 1 International Financial Accounting
Internasional, Standards,
- Pilar 2 Standar Akuntansi Keuangan - Pillar 2 Indonesian Financial Accounting
Indonesia (PSAK), Standards (PSAK),
- Pilar 3 Standar Akuntansi Keuangan - Pillar 3 Indonesian Financial Accounting
Indonesia untuk Entitas Swasta/Standar Standards for Private Entities/Indonesian
Akuntansi Keuangan Indonesia untuk Financial Accounting Standards for
Entitas Tanpa Akuntabilitas Publik, dan Entities without Public Accountability, and
- Pilar 4 Standar Akuntansi Keuangan - Pillar 4 Indonesian Financial Accounting
Indonesia untuk Entitas Mikro Kecil dan Standards for Micro Small and Medium
Menengah. Entities.
Standar Akuntansi Keuangan Internasional International Financial Accounting Standard
Standar ini merupakan adopsi penuh dari This standard is a full-adoption of International
International Financial Reporting Standards Financial Reporting Standards (“IFRS”) which
(“IFRS”) yang diterjemahkan kata demi kata is translated in a word-for-word basis and there
dan tidak ada modifikasi dari Standar IFRS, is no modifications from IFRS Standards,
termasuk tanggal efektifnya. Entitas yang including the effective date. Entities that meet
memenuhi persyaratan dapat menerapkan the requirements can apply this standard, from
standar ini, sejak tanggal efektif. the effective date.
Amandemen PSAK 116 ”Sewa” tentang Amendment of SFAS 116 “Lease” regarding
Liabilitas Sewa Dalam Jual dan Sewa Balik. the Lease Liabilities in Sale and Leaseback
Amandemen PSAK 116 Sewa menetapkan The amendment to SFAS 116 Leases specifies
persyaratan yang digunakan penjual- the requirements that a seller-lessee uses in
penyewa dalam mengukur kewajiban sewa measuring the lease liability arising in a sale
yang timbul dalam transaksi jual beli dan and leaseback transaction, to ensure the seller-
sewa-balik, untuk memastikan penjual- lessee does not recognise any amount of the
penyewa tidak mengakui jumlah setiap gain or loss that relates to the right of use it
keuntungan atau kerugian yang terkait retains.
dengan hak guna yang dipertahankan.
62
Page 462
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
ae. Perubahan Pernyataan Standar Akuntansi ae. Changes to Statements of Financial
Keuangan dan Interpretasi Standar Accounting Standards and Interpretations
Akuntansi Keuangan (lanjutan) of Statements of Financial Accounting
Standards (continued)
Amandemen PSAK 207 “ Laporan Arus Kas” Amendment to SFAS 207 “Cash Flow
dan Amandemen PSAK 107 “Instrumen Statement” and Amendment to SFAS 107
Keuangan: Pengungkapan tentang “Financial Instruments: Disclosures about
Pengaturan Pembiayaan Pemasok”. Supplier Financing Arrangements”. Early
Penerapan lebih dini diperkenankan application is permitted
af. Pertimbangan dan estimasi akuntansi af. Judgments and significant accounting
yang signifikan estimates
Dalam proses penerapan kebijakan In the process of applying the Bank’s
akuntansi Bank, Manajemen telah accounting policies, Management has
melakukan pertimbangan dan estimasi exercised professional judgments and made
profesional dalam menentukan jumlah yang estimates in determining the amounts
diakui dalam laporan keuangan. recognized in the financial statements. The
Pertimbangan dan estimasi profesional yang most significant uses of the professional
signifikan adalah sebagai berikut: judgments and estimates are as follows:
Usaha yang berkelanjutan Going concern
Manajemen Bank telah melakukan penilaian The Bank’s management has made an
atas kemampuan Bank untuk melanjutkan assessment of the Bank’s ability to continue as
kelangsungan usahanya dan berkeyakinan a going concern and is satisfied that the Bank
bahwa Bank memiliki sumber daya untuk has the resources to continue in business for
melanjutkan usahanya di masa mendatang. the foreseeable future.
Selain itu, Manajemen menyadari bahwa Furthermore, the Management realized that
tidak ada ketidakpastian material yang dapat there are no material uncertainties that may
menimbulkan keraguan yang signifikan cast significant doubt upon the Bank’s ability to
terhadap kemampuan Bank untuk continue as a going concern. Therefore, the
melanjutkan kelangsungan usahanya. Oleh financial statements continue to be prepared
karena itu, laporan keuangan telah disusun on a going concern basis.
atas dasar usaha yang berkelanjutan.
Nilai wajar atas instrumen keuangan Fair value of financial instruments
Bila nilai wajar aset keuangan dan liabilitas When the fair values of financial assets and
keuangan yang tercatat pada laporan posisi financial liabilities recorded on the statement
keuangan tidak tersedia di pasar aktif, of financial position cannot be derived from
nilainya ditentukan dengan menggunakan active markets, they are determined using a
berbagai teknik penilaian termasuk variety of valuation techniques that include the
penggunaan model matematika. Input untuk use of mathematical models. The inputs to
model ini berasal dari data pasar yang bisa these models are derived from observable
diamati sepanjang data tersebut tersedia, market data where possible, but where
namun bila data pasar yang bisa diamati observable market data are not available,
tersebut tidak tersedia, maka digunakan management judgment is required to establish
pertimbangan manajemen untuk fair values.
menentukan nilai wajar.
63
Page 463
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
af. Pertimbangan dan estimasi akuntansi af. Judgments and significant accounting
yang signifikan (lanjutan) estimates (continued)
Dalam proses penerapan kebijakan In the process of applying the Bank’s
akuntansi Bank, Manajemen telah accounting policies, Management has
melakukan pertimbangan dan estimasi exercised professional judgments and made
profesional dalam menentukan jumlah yang estimates in determining the amounts
diakui dalam laporan keuangan. recognized in the financial statements. The
Pertimbangan dan estimasi profesional yang most significant uses of the professional
signifikan adalah sebagai berikut: (lanjutan) judgments and estimates are as follows:
(continued)
Nilai wajar atas instrumen keuangan Fair value of financial instruments (continued)
(lanjutan)
Pertimbangan manajemen tersebut Management judgments include
mencakup pertimbangan likuiditas dan considerations of liquidity and model inputs
masukan model seperti volatilitas untuk such as volatility for long term derivatives and
transaksi derivatif yang berjangka panjang discount rates, early payment rates and
dan tingkat diskonto, tingkat pelunasan default rate assumptions.
dipercepat dan asumsi tingkat gagal bayar.
Bank menampilkan nilai wajar atas instrumen The Bank presents fair value of financial
keuangan berdasarkan hierarki nilai wajar instruments based on the following fair value
sebagai berikut: hierarchy:
- Tingkat 1 - Level 1
Harga kuotasian (tidak disesuaikan) dalam Quoted prices (unadjusted) in active markets
pasar aktif untuk aset atau liabilitas yang for identical assets or liabilities;
identik;
- Tingkat 2 - Level 2
Input selain harga kuotasian yang Inputs other than quoted prices included
termasuk dalam Tingkat 1 yang dapat within Level 1 that are observable for the
diobservasi untuk aset dan liabilitas baik asset or liability either directly (example,
secara langsung (misalnya harga) atau price) or indirectly; and
secara tidak langsung; dan
- Tingkat 3 - Level 3
Input untuk aset dan liabilitas yang bukan Inputs for the asset and liability that are not
berdasarkan pada pasar yang dapat based on observable market data
diobservasi (input yang tidak dapat (unobservable inputs).
diobservasi).
Nilai wajar atas instrumen derivatif yang The fair values of derivative instruments
dinilai menggunakan teknik penilaian dengan valued by valuation techniques using
menggunakan komponen yang dapat diamati components which can be observed in the
di pasar terutama adalah swap suku bunga, market, primarily are interest rate swaps,
swap mata uang dan kontrak pertukaran currency swaps and currency exchange
mata uang. Teknik penilaian yang paling contracts. Most widely used valuation
banyak digunakan meliputi model penilaian techniques include forward and swap
forward dan swap yang menggunakan valuation models which use the present value
perhitungan nilai kini. Model tersebut calculation. The models incorporate various
menggabungkan berbagai komponen yang components which include the credit quality of
meliputi kualitas kredit dari counterparty, nilai the counterparty, spot value and future
spot dan kontrak berjangka serta kurva contracts and interest rate curve.
tingkat suku bunga.
64
Page 464
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
af. Pertimbangan dan estimasi akuntansi af. Judgments and significant accounting
yang signifikan (lanjutan) estimates (continued)
Dalam proses penerapan kebijakan In the process of applying the Bank’s
akuntansi Bank, Manajemen telah accounting policies, Management has
melakukan pertimbangan dan estimasi exercised professional judgments and made
profesional dalam menentukan jumlah yang estimates in determining the amounts
diakui dalam laporan keuangan. recognized in the financial statements. The
Pertimbangan dan estimasi profesional yang most significant uses of the professional
signifikan adalah sebagai berikut: (lanjutan) judgments and estimates are as follows:
(continued)
Nilai wajar atas instrumen keuangan Fair value of financial instruments (continued)
(lanjutan)
Teknik penilaian termasuk model nilai tunai Valuation techniques include net present value
dan arus kas yang didiskontokan dan and discounted cash flow models and
perbandingan dengan instrumen yang comparison to similar instruments for which
sejenis dimana terdapat harga pasar yang market observable prices exist. Assumptions
dapat diobservasi. Asumsi dan input yang and inputs used in valuation techniques
digunakan dalam teknik penilaian termasuk include risk-free and benchmark interest rates,
suku bunga bebas risiko dan suku bunga credit spreads and other variables used in
acuan, credit spread dan variabel lainnya estimating discount rates, bond prices, foreign
yang digunakan dalam mengestimasi tingkat currency exchange rates, and expected price
diskonto, harga obligasi, kurs valuta asing, volatilities and correlations. The objective of
serta tingkat kerentanan dan korelasi harga valuation technique is to arrive at a fair value
yang diharapkan. Tujuan dari teknik penilaian determination that reflects the price of the
adalah penentuan nilai wajar yang financial instrument at the reporting date that
mencerminkan harga dari instrumen would have been determined by market
keuangan pada tanggal pelaporan yang akan participants acting at arms length.
ditentukan oleh para partisipan di pasar
dalam suatu transaksi yang wajar.
Penurunan nilai kredit yang diberikan Impairment losses on loans
Bank melakukan penelaahan pada setiap The Bank reviews its loans at each statement
tanggal laporan posisi keuangan untuk of financial position date to assess whether an
menilai apakah penurunan nilai harus dicatat impairment loss should be recorded in the
dalam laporan laba rugi dan penghasilan statement of profit or loss and other
komprehensif lain. Secara khusus, comprehensive income. In particular,
pertimbangan manajemen diperlukan dalam judgment by management is required in the
estimasi jumlah dan waktu arus kas di masa estimation of the amount and timing of future
mendatang ketika menentukan penurunan cash flows when determining the impairment
nilai. loss.
65
Page 465
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
af. Pertimbangan dan estimasi akuntansi af. Judgments and significant accounting
yang signifikan (lanjutan) estimates (continued)
Dalam proses penerapan kebijakan In the process of applying the Bank’s
akuntansi Bank, Manajemen telah accounting policies, Management has
melakukan pertimbangan dan estimasi exercised professional judgments and made
profesional dalam menentukan jumlah yang estimates in determining the amounts
diakui dalam laporan keuangan. recognized in the financial statements. The
Pertimbangan dan estimasi profesional yang most significant uses of the professional
signifikan adalah sebagai berikut: (lanjutan) judgments and estimates are as follows:
(continued)
Penurunan nilai kredit yang diberikan Impairment losses on loans (continued)
(lanjutan)
Dalam mengestimasi arus kas tersebut, Bank In estimating these cash flows, the Bank
melakukan penilaian atas kondisi keuangan makes judgment about the borrower’s financial
peminjam dan nilai realisasi bersih agunan. situation and the net realizable value of
Estimasi tersebut didasarkan pada asumsi collateral. These estimates are based on the
dari sejumlah faktor dan hasil aktual mungkin assumptions about number of factors and
berbeda, sehingga mengakibatkan actual results may differ that cause changes to
perubahan penyisihan di masa depan. the allowance in the future.
Penurunan nilai aset yang diukur pada nilai Impairment in value of fair value through other
wajar melalui pendapatan komprehensif lain comprehensive income and acceptance
dan tagihan akseptasi receivables
Bank menelaah aset yang diklasifikasikan The Bank reviews assets which are classified
sebagai nilai wajar melalui pendapatan as fair value through other comprehensive
komprehensif lain dan tagihan akseptasi income and acceptance receivables at each
pada setiap tanggal laporan posisi keuangan financial position date to assess whether
untuk menilai apakah telah terjadi penurunan impairment has occurred. The assessment
nilai. Penilaian tersebut menggunakan uses the same considerations as applied to
pertimbangan yang sama seperti yang individual assessment on loans.
diterapkan pada penilaian secara individual
atas kredit yang diberikan.
Cadangan kerugian penurunan nilai aset Allowances for impairment losses of financial
keuangan assets
Kondisi spesifik counterparty yang In the calculation of allowance for impairment
mengalami penurunan nilai dalam losses of financial assets, the specific
pembentukan cadangan kerugian atas aset condition of impaired counterparty is
keuangan dievaluasi secara individu individually evaluated based on management's
berdasarkan estimasi terbaik manajemen best estimate of the present value of the
atas nilai kini arus kas yang diharapkan expected cash flows to be received. In
akan diterima. Dalam mengestimasi arus estimating these cash flows, management
kas tersebut, manajemen membuat makes judgements about the counterparty's
pertimbangan tentang situasi keuangan financial situation and the net realizable value
counterparty dan nilai realisasi bersih dari of any underlying collateral. Each impaired
setiap agunan. Setiap aset yang mengalami asset is assessed on its merits, the completion
penurunan nilai harus dinilai sesuai dengan strategy and estimated cash flows which are
manfaat yang ada, strategi penyelesaian considered recoverable.
dan estimasi arus kas yang diperkirakan
dapat diterima.
66
Page 466
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
af. Pertimbangan dan estimasi akuntansi af. Judgments and significant accounting
yang signifikan (lanjutan) estimates (continued)
Dalam proses penerapan kebijakan In the process of applying the Bank’s
akuntansi Bank, Manajemen telah accounting policies, Management has
melakukan pertimbangan dan estimasi exercised professional judgments and made
profesional dalam menentukan jumlah yang estimates in determining the amounts
diakui dalam laporan keuangan. recognized in the financial statements. The
Pertimbangan dan estimasi profesional yang most significant uses of the professional
signifikan adalah sebagai berikut: (lanjutan) judgments and estimates are as follows:
(continued)
Cadangan kerugian penurunan nilai aset Allowances for impairment losses of financial
keuangan (lanjutan) assets (continued)
Perhitungan cadangan penurunan nilai Collectively assessed impairment allowances
kolektif meliputi kerugian kredit yang cover credit losses inherent in portfolios of
melekat dalam portofolio aset keuangan financial assets with similar economic
dengan karakteristik ekonomi yang sama characteristics when there is objective
ketika terdapat bukti objektif penurunan nilai evidence to suggest that they contain impaired
terganggu, tetapi penurunan nilai secara financial assets, but the individual impaired
individu belum dapat diidentifikasi. Dalam items cannot yet be identified. In assessing the
menilai kebutuhan untuk cadangan kolektif, need for collective allowances, management
manajemen mempertimbangkan faktor- considers factors such as credit quality and
faktor seperti kualitas kredit dan jenis type of product. In order to estimate the
produk. Guna membuat estimasi cadangan required allowance, assumptions are made to
yang diperlukan, manajemen membuat define the way inherent losses are modelled
asumsi untuk menentukan kerugian yang and to determine the required input
melekat, dan untuk menentukan parameter parameters, based on historical experiences,
input yang diperlukan, berdasarkan current economic conditions and future
pengalaman masa lalu, kondisi ekonomi economic condition as well since 1 January
saat ini dan juga kondisi ekonomi masa 2020.
depan sejak tanggal 1 Januari 2020.
Keakuratan penyisihan tergantung pada The accuracy of the allowances depends on
seberapa baik estimasi arus kas masa how well the estimated future cash flows for
depan untuk cadangan counterparty specific counterparty allowances and the
tertentu dan asumsi model dan parameter model assumptions and parameters are used
yang digunakan dalam menentukan in determining collective allowances.
cadangan kolektif.
Penurunan nilai aset non-keuangan Impairment of non-financial assets
Bank mengevaluasi penurunan nilai aset The Bank assesses impairment of assets
apabila terdapat kejadian atau perubahan whenever events or changes in circumstances
keadaan yang mengindikasikan bahwa nilai that would indicates that the carrying amount
tercatat aset tak dapat dipulihkan kembali. of an asset may not be recoverable. The
Faktor-faktor penting yang dapat factors that the Bank considers important
menyebabkan penelaahan penurunan nilai which could trigger an impairment review
adalah sebagai berikut: include the following:
a) Performa yang tidak tercapai secara a) Significant underperformance relative to
signifikan terhadap ekspektasi historis expected historical or projected future
atau proyeksi hasil operasi di masa yang operating results;
akan datang;
67
Page 467
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
af. Pertimbangan dan estimasi akuntansi af. Judgments and significant accounting
yang signifikan (lanjutan) estimates (continued)
Dalam proses penerapan kebijakan In the process of applying the Bank’s
akuntansi Bank, Manajemen telah accounting policies, Management has
melakukan pertimbangan dan estimasi exercised professional judgments and made
profesional dalam menentukan jumlah yang estimates in determining the amounts
diakui dalam laporan keuangan. recognized in the financial statements. The
Pertimbangan dan estimasi profesional yang most significant uses of the professional
signifikan adalah sebagai berikut: (lanjutan) judgments and estimates are as follows:
(continued)
Penurunan nilai aset non-keuangan Impairment of non-financial assets
(lanjutan)
Bank mengevaluasi penurunan nilai aset The Bank assesses impairment of assets
apabila terdapat kejadian atau perubahan whenever events or changes in circumstances
keadaan yang mengindikasikan bahwa nilai that would indicates that the carrying amount
tercatat aset tak dapat dipulihkan kembali. of an asset may not be recoverable. The
Faktor-faktor penting yang dapat factors that the Bank considers important
menyebabkan penelaahan penurunan nilai which could trigger an impairment review
adalah sebagai berikut: (lanjutan) include the following: (continued)
b) Perubahan yang signifikan dalam cara b) Significant changes in the manner of use of
penggunaan aset atau strategi bisnis the acquired assets or the strategy for
secara keseluruhan; dan overall business; and
c) Industri atau tren ekonomi yang secara c) Significant negative industry or economic
signifikan bernilai negatif. trends.
Bank mengakui kerugian penurunan nilai The Bank recognizes an impairment loss
apabila nilai tercatat aset melebihi nilai yang whenever the carrying amount of an asset
dapat dipulihkan. Nilai terpulihkan adalah exceeds its recoverable amount. The
nilai yang lebih tinggi antara nilai wajar recoverable amount is the whichever higher of
dikurang biaya untuk menjual dengan nilai an asset’s (or cash-generating units) fair value
pakai aset (atau unit penghasil kas). Nilai less costs to sell and its value in use.
terpulihkan diestimasi untuk aset individual Recoverable amounts are estimated for
atau jika tidak memungkinkan, untuk unit individual assets or if it is not possible, for the
penghasil kas yang mana aset tersebut cash-generating unit to which the asset
merupakan bagian daripada unit tersebut. belongs.
Metode Suku Bunga Efektif (EIR) Effective Interest Rate (EIR) Method
Manajemen menggunakan estimasi Management applied the estimated expected
ekspektasi umur kredit perumahan dengan life of mortgage loan using behavior life
pendekatan umur behavior dan akan approach and will reassess the behavior life to
melakukan penilaian kembali perilaku umur determine the best estimated life of housing
behavior untuk menentukan estimasi umur loans, regularly.
terbaik kredit perumahan secara berkala.
68
Page 468
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
af. Pertimbangan dan estimasi akuntansi af. Judgments and significant accounting
yang signifikan (lanjutan) estimates (continued)
Dalam proses penerapan kebijakan In the process of applying the Bank’s
akuntansi Bank, Manajemen telah accounting policies, Management has
melakukan pertimbangan dan estimasi exercised professional judgments and made
profesional dalam menentukan jumlah yang estimates in determining the amounts
diakui dalam laporan keuangan. recognized in the financial statements. The
Pertimbangan dan estimasi profesional yang most significant uses of the professional
signifikan adalah sebagai berikut: (lanjutan) judgments and estimates are as follows:
(continued)
Aset pajak tangguhan Deferred tax assets
Aset pajak tangguhan diakui atas jumlah Deferred tax assets are recognized for the
pajak penghasilan terpulihkan pada periode future recoverable taxable income arising from
mendatang sebagai akibat dari perbedaan temporary difference. Management’s
temporer. Justifikasi manajemen diperlukan judgment is required to determine the amount
untuk menentukan jumlah aset pajak of deferred tax assets that can be recognized
tangguhan yang dapat diakui sesuai dengan based upon the likely timing and level of future
perkiraan waktu dan tingkat laba fiskal di taxable profits together with future tax
masa mendatang sejalan dengan strategi strategy.
rencana perpajakan ke depan.
Klasifikasi aset dan liabilitas keuangan Classification of financial assets and liabilities
Bank menetapkan klasifikasi aset dan The Bank determines the classifications of
liabilitas tertentu sebagai aset keuangan dan certain assets and liabilities as financial assets
liabilitas keuangan dengan and financial liabilities by judging if they meet
mempertimbangkan apakah definisi yang the definition set forth in SFAS 109.
ditetapkan PSAK 109 terpenuhi. Dengan Accordingly, the financial assets and financial
demikian, aset keuangan dan liabilitas liabilities are accounted for in accordance with
keuangan diakui sesuai dengan kebijakan the Bank’s accounting policies disclosed in
akuntansi Bank seperti diungkapkan pada Note 2d.
Catatan 2d.
Imbalan kerja Employee benefits
Penentuan liabilitas imbalan kerja Bank The Bank’s employee benefit liabilities are
bergantung pada pemilihan asumsi yang determined depend on the selection of certain
digunakan oleh aktuaris independen dan assumptions used by the independent
manajemen Bank dalam menghitung jumlah- actuaries and the Bank’s management in
jumlah tersebut. Asumsi tersebut termasuk calculating such amounts. Those assumptions
antara lain, tingkat diskonto, tingkat kenaikan include among others, discount rates, future
gaji tahunan, tingkat pengunduran diri annual salary increase, annual employee
karyawan tahunan, tingkat kecacatan, umur turnover rate, disability rate, retirement age
pensiun dan tingkat kematian. and mortality rate.
69
Page 469
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
af. Pertimbangan dan estimasi akuntansi af. Judgments and significant accounting
yang signifikan (lanjutan) estimates (continued)
Dalam proses penerapan kebijakan In the process of applying the Bank’s
akuntansi Bank, Manajemen telah accounting policies, Management has
melakukan pertimbangan dan estimasi exercised professional judgments and made
profesional dalam menentukan jumlah yang estimates in determining the amounts
diakui dalam laporan keuangan. recognized in the financial statements. The
Pertimbangan dan estimasi profesional yang most significant uses of the professional
signifikan adalah sebagai berikut: (lanjutan) judgments and estimates are as follows:
(continued)
Pajak penghasilan Income tax
Bank mengakui liabilitas atas pajak The Bank recognizes liabilities for corporate
penghasilan badan berdasarkan estimasi income tax based on estimation of whether
apakah akan terdapat tambahan pajak additional corporate income tax will be due.
penghasilan badan.
3. Kombinasi Bisnis 3. Business Combination
Bank telah menyelesaikan Penjualan dan The Bank has completed the Sale and Purchase of
Pembelian Aset dan Liabilitas atas bisnis Assets and Liabilities for the consumer business
konsumer dari Citibank N.A., Indonesia pada from Citibank N/A., Indonesia on 18 November
tanggal 18 November 2023. Alokasi harga 2023. The purchase price allocation was finalized
pembelian difinalisasi di laporan keuangan untuk in the Financial Statements for the year ended
tahun yang berakhir pada tanggal 31 Desember 31 December 2024. There were no significant
2024. Tidak ada penyesuaian signifikan terhadap adjustments to the provisional amounts disclosed
jumlah sementara yang telah diungkapkan di in the financial statement for the year ended
Laporan Keuangan untuk tahun yang berakhir 31 December 2023. The final goodwill amount of
pada tanggal 31 Desember 2023. Nilai goodwill Rp813,973 has been adjusted in the Financial
akhir menjadi sebesar Rp813.973 telah Statements for the year ended
disesuaikan di Laporan Keuangan untuk tahun 31 December 2024. Based on finalized purchase
yang berakhir pada 31 Desember 2024. price allocation, other intangible assets related to
Berdasarkan alokasi harga pembelian yang telah consumer business relationships and core deposits
difinalisasi, aset tak berwujud lainnya berkaitan amounting to Rp320,000 has been adjusted in the
dengan hubungan pelanggan dari bisnis Financial Statements for the year ended 31
konsumer dan core deposits senilai Rp320.000 December 2024.
telah disesuaikan di Laporan Keuangan untuk
tahun yang berakhir pada tanggal 31 Desember
2024.
70
Page 470
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
3. Kombinasi Bisnis (lanjutan) 3. Business Combination (continued)
Berikut adalah mutasi dari saldo aset tidak The followings are movement of intangible assets
berwujud termasuk goodwill: including goodwill:
Aset tak berwujud/
Intangible assets
Hubungan
dengan
nasabah/
Customer
31 Desember 2024 relationship Core deposits Goodwill Total 31 December 2024
Biaya perolehan Cost
Saldo awal 140.000 80.000 913.973 1.133.973 Beginning balance
Penyesuaian - 100.000 (100.000) - Adjustments
Total biaya perolehan 140.000 180.000 813.973 1.133.973 Total cost
Akumulasi amortisasi Accumulated amortization
Saldo awal 2.334 1.333 - 3.667 Beginning balance
Amortisasi tahun berjalan 13.999 19.667 - 33.666 Current year amortization
Total akumulasi amortisasi 16.333 21.000 - 37.333 Total accumulated amortization
Nilai buku - neto 123.667 159.000 813.973 1.096.640 Book value - net
Aset tak berwujud/
Intangible assets
Hubungan
dengan
nasabah/
Customer
31 Desember 2023 relationship Core deposits Goodwill Total 31 December 2023
Biaya perolehan Cost
Saldo awal 140.000 80.000 913.973 1.133.973 Beginning balance
Akumulasi amortisasi Accumulated amortization
Amortisasi tahun berjalan 2.334 1.333 - 3.667 Current year amortization
Nilai buku - neto 137.666 78.667 913.973 1.130.306 Book value - net
Aset tidak berwujud hubungan dengan nasabah dan Customer relationship and core deposits intangible
core deposits masing-masing di amortisasi selama 10 assets are amortized over 10 years, respectively.
tahun.
Pada tanggal 31 Desember 2024, Bank telah As of 31 December 2024, the Bank has performed its
melakukan uji penurunan nilai tahunan atas goodwill annual impairment test as on goodwill and conclude no
dan berkesimpulan tidak terdapat penurunan nilai impairment of goodwill.
goodwill.
71
Page 471
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
4. Kas 4. Cash
Akun ini terdiri dari: This account consists of:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Rupiah 612.437 465.713 Rupiah
Mata uang asing Foreign currencies
Dolar Amerika Serikat 43.621 72.259 United States Dollar
Dolar Singapura 25.782 65.568 Singapore Dollar
Total 681.840 603.540 Total
Kas dalam Rupiah termasuk uang pada mesin Cash in Rupiah includes cash in Automatic Teller
Anjungan Tunai Mandiri (ATM) sejumlah Machines (ATM) amounting to Rp9,460 and
Rp9.460 dan Rp14.516 masing-masing pada Rp14,516 as of 31 December 2024 and 2023,
tanggal 31 Desember 2024 dan 2023. respectively.
5. Giro pada Bank Indonesia 5. Current Accounts with Bank Indonesia
Akun ini terdiri dari: This account consists of:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Rupiah 4.087.662 7.911.177 Rupiah
Dolar Amerika Serikat United States Dollar
(USD106.306.455 dan USD129.239.467 (USD106,306,455 and USD129,239,467
masing-masing pada tanggal as of 31 December 2024 and
31 Desember 2024 dan 2023) 1.711.002 1.989.900 2023, respectively)
Total 5.798.664 9.901.077 Total
Giro Wajib Minimum (GWM) Bank sesuai dengan Minimum Statutory Reserves (GWM) in
Peraturan Bank Indonesia (PBI) dan Peraturan accordance with Bank Indonesia Regulation (PBI)
Anggota Dewan Gubernur (PADG) diungkapkan and Regulation of the Members of The Board of
pada Catatan 45. Governors (PADG) are disclosed in Note 45.
72
Page 472
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
6. Giro pada Bank Lain 6. Current Accounts with Other Banks
Akun ini terdiri dari: This account consists of:
31 Desember/ 31 Desember/ Types of current accounts
Jenis giro pada bank lain 31 December 2024 31 December 2023 with other banks
Pihak ketiga Third parties
Rupiah: Rupiah:
PT Bank Central Asia Tbk 2.150 38.910 PT Bank Central Asia Tbk
Lain-lain (masing-masing
di bawah Rp2.000) 2.117 2.451 Others (below Rp2,000 each)
Subtotal - Pihak ketiga - Rupiah 4.267 41.361 Subtotal - Third parties - Rupiah
Dolar Amerika Serikat: United States Dollar:
JP Morgan Chase Bank, JP Morgan Chase Bank,
Amerika Serikat 272.120 339.931 United States of America
PT Bank Mandiri (Persero) Tbk 22.887 9.279 PT Bank Mandiri (Persero) Tbk
Deutsche Bank AG, Deutsche Bank AG,
Amerika Serikat 10.594 5.339 United States of America
PT Bank Central Asia Tbk 10.538 8.222 PT Bank Central Asia Tbk
Yuan China Renminbi: Chinese Yuan Renminbi:
PT Bank ICBC Indonesia 96.983 109.742 PT Bank ICBC Indonesia
Dolar Singapura: Singapore Dollar:
DBS Bank, Singapura 77.095 137.784 DBS Bank Singapore
Yen Jepang: Japanese Yen:
Bank of Tokyo - Mitsubishi UFJ, Bank of Tokyo - Mitsubishi UFJ,
Jepang 74.643 22.455 Japan
Euro Eropa: European Euro:
Deutsche Bank, Frankfurt 45.965 50.643 Deutsche Bank, Frankfurt
ING Belgium, Brussels - 13.601 ING Belgium, Brussels
Franc Swiss: Swiss Franc:
UBS AG, Zurich 37.003 2.610 UBS AG, Zurich
Dolar Australia: Australian Dollar:
ANZ Bank Ltd., Australia 36.395 32.680 ANZ Bank Ltd., Australia
National Australia Bank, Australia 18.197 24.572 National Australia Bank, Australia
Pound Sterling Inggris: Great Britain Pound Sterling:
Barclays Bank, London 36.361 69.162 Barclays Bank, London
Dolar Selandia Baru: New Zealand Dollar:
ANZ National Bank, Selandia Baru 26.133 27.551 ANZ National Bank, New Zealand
Dolar Kanada: Canadian Dollar:
Canadian Imperial Bank of Commerce, Canadian Imperial Bank of Commerce,
Toronto 19.151 34.249 Toronto
Krona Swedia: Swedish Krona:
Danske Bank A/S, Swedia 2.796 8.952 Danske Bank A/S, Sweden
Yuan China: Chinese Yuan:
ICBC, China 9 3.258 ICBC, China
Lain-lain (masing-masing
di bawah Rp2.000) 319 1.561 Others (below Rp2,000 each)
Subtotal - Pihak ketiga - Subtotal - Third parties -
Mata uang asing 787.189 901.591 Foreign currencies
Total - Pihak ketiga 791.456 942.952 Total - Third parties
73
Page 473
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
6. Giro pada Bank Lain (lanjutan) 6. Current Accounts with Other Banks (continued)
Akun ini terdiri dari: (lanjutan) This account consists of: (continued)
31 Desember/ 31 Desember/ Types of current accounts
Jenis giro pada bank lain 31 December 2024 31 December 2023 with other banks
Pihak berelasi (Catatan 37) Related parties (Note 37)
Dolar Singapura: Singapore Dollar:
United Overseas Bank Ltd., Singapura 15.925 12.563 United Overseas Bank Ltd., Singapore
Dolar Hong Kong: Hong Kong Dollar:
United Overseas Bank Ltd., Hong Kon g 6.050 6.004 United Overseas Bank Ltd., Hong Kong
United Overseas Bank Ltd., Singapura 31 30 United Overseas Bank Ltd., Singapore
Dolar Amerika Serikat: United States Dollar:
United Overseas Bank Ltd., Singapura 5.821 5.058 United Overseas Bank Ltd., Singapore
Yen Jepang: Japanese Yen:
United Overseas Bank Ltd., Tokyo 4.020 2.730 United Overseas Bank Ltd., Tokyo
Yuan China: Chinese Yuan:
United Overseas Bank Ltd., Shanghai 1.829 9.483 United Overseas Bank Ltd., Shanghai
Dolar Australia: Australian Dollar:
United Overseas Bank Ltd., Sydney 759 598 United Overseas Bank Ltd., Sydney
Euro Eropa: European Euro:
United Overseas Bank Ltd., Singapura 634 2.754 United Overseas Bank Ltd., Singapore
Yuan China Renminbi: Chinese Yuan Renminbi:
United Overseas Bank Ltd., Shanghai 187 1.974 United Overseas Bank Ltd., Shanghai
United Overseas Bank Ltd., Singapura 121 120 United Overseas Bank Ltd., Singapore
Baht Thailand: Thailand Baht:
United Overseas Bank Ltd., Thailand 142 144 United Overseas Bank Ltd., Thailand
Ringgit Malaysia: Malaysian Ringgit:
United Overseas Bank Ltd., Malaysia 74 72 United Overseas Bank Ltd., Malaysia
Total - Pihak berelasi 35.593 41.530 Total - Related parties
Total 827.049 984.482 Total
Cadangan kerugian penurunan nilai (5.536) (2.706) Allowance for impairment losses
Neto 821.513 981.776 Net
Kisaran suku bunga rata-rata untuk giro pada The range of average interest rate for current
bank lain adalah sebagai berikut: accounts with other banks are as follows:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Rupiah 0,00% - 0,03% 0,00% - 0,01% Rupiah
Mata uang asing 0,00% - 6,49% 0,00% - 7,38% Foreign currency
Tidak terdapat giro pada bank lain yang diblokir There were no current accounts with other banks
dan dijadikan jaminan pada tanggal blocked and pledged as collateral as of
31 Desember 2024 dan 2023. 31 December 2024 and 2023.
Perubahan nilai tercatat bruto adalah sebagai Movements in the gross carrying amount are as
berikut: follows:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
31 Desember 2022 1.100.247 - - 1.100.247 31 December 2022
Mutasi neto (115.765) - - (115.765) Net movement
31 Desember 2023 984.482 - - 984.482 31 December 2023
Mutasi neto (157.433) - - (157.433) Net movement
31 Desember 2024 827.049 - - 827.049 31 December 2024
74
Page 474
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
6. Giro pada Bank Lain (lanjutan) 6. Current Accounts with Other Banks (continued)
Perubahan cadangan kerugian penurunan nilai The movements in the allowance for impairment
adalah sebagai berikut: losses are as follows:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
31 Desember 2022 6.313 - - 6.313 31 December 2022
Pengukuran kembali (3.601) - - (3.601) Remeasurement
Perubahan pada: Changes in:
- Parameter (6) - - (6) - Parameter
31 Desember 2023 2.706 - - 2.706 31 December 2023
Aset dihentikan
pengakuannya atau Assets derecognized or
dilunasi (kecuali hapus buku) (38) - - (38) repaid (excluding write-offs)
Pengukuran kembali 2.868 - - 2.868 Remeasurement
31 Desember 2024 5.536 - - 5.536 31 December 2024
Manajemen Bank berkeyakinan bahwa jumlah The Bank’s management believes that the
cadangan kerugian penurunan nilai adalah cukup allowance for impairment losses is adequate to
untuk menutup kemungkinan kerugian penurunan cover possible impairment losses from
nilai atas tidak tertagihnya giro pada bank lain. uncollectible current accounts with other banks.
7. Penempatan pada Bank Indonesia dan Bank 7. Placements with Bank Indonesia and Other
Lain Banks
Akun ini terdiri dari: This account consists of:
31 Desember/ 31 Desember/
Jenis penempatan 31 December 2024 31 December 2023 Types of placements
Pihak ketiga Third parties
Rupiah: Rupiah:
Fasilitas Simpanan Bank Indonesia 149.956 1.399.184 Deposit Facilities of Bank Indonesia
Subtotal - Pihak ketiga - Rupiah 149.956 1.399.184 Subtotal - Third parties - Rupiah
Mata uang asing: Foreign currencies:
Term Deposit Bank Indonesia 1.770.450 446.513 Term Deposits of Bank Indonesia
Call Money: Call Money:
Bank of New York, Bank of New York,
Amerika Serikat 1.736.651 290.233 United States of America
Subtotal - Pihak ketiga - Subtotal - Third parties -
Mata uang asing 3.507.101 736.746 Foreign currencies
Total 3.657.057 2.135.930 Total
75
Page 475
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
7. Penempatan pada Bank Indonesia dan Bank 7. Placements with Bank Indonesia and Other
Lain (lanjutan) Banks (continued)
Kisaran suku bunga rata-rata untuk penempatan The range of average interest rates for placement
pada Bank Indonesia dan bank lain adalah with Bank Indonesia and other banks are as
sebagai berikut: follows:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Rupiah 5,46% - 6,02% 5,10% - 5,42% Rupiah
Mata uang asing 5,23% - 5,25% 4,99% - 5,12% Foreign currencies
Rincian penempatan pada Bank Indonesia dan The details of placements with Bank Indonesia and
bank lain berdasarkan jenis penempatan dan sisa other banks based on the type of placements and
umur sampai dengan jatuh tempo adalah sebagai remaining maturities are as follows:
berikut:
31 Desember/31 December 2024
Penempatan/ Call
Placements Money Total
Rupiah Rupiah
< 1 bulan 149.956 - 149.956 < 1 month
Mata uang asing Foreign currencies
< 1 bulan 1.770.450 1.736.651 3.507.101 < 1 month
Total 1.920.406 1.736.651 3.657.057 Total
31 Desember/31 December 2023
Penempatan/ Call
Placements Money Total
Rupiah Rupiah
< 1 bulan 1.399.184 - 1.399.184 < 1 month
Mata uang asing Foreign currencies
< 1 bulan 446.513 290.233 736.746 < 1 month
Total 1.845.697 290.233 2.135.930 Total
Tidak terdapat penempatan pada bank lain yang There were no placements with other banks
diblokir dan dijadikan jaminan pada tanggal blocked and pledged as collateral as of
31 Desember 2024 dan 2023. 31 December 2024 and 2023.
Rincian penempatan pada Bank Indonesia dan The details of placements with Bank Indonesia and
bank lain berdasarkan sisa umur sampai dengan other banks based on remaining maturities are
jatuh tempo terdapat pada Catatan 38. shown in Note 38.
76
Page 476
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
7. Penempatan pada Bank Indonesia dan Bank 7. Placements with Bank Indonesia and Other
Lain (lanjutan) Banks (continued)
Perubahan nilai tercatat bruto adalah sebagai Movements in the gross carrying amount are as
berikut: follows:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
31 Desember 2022 5.855.685 - - 5.855.685 31 December 2022
Aset baru 2.135.930 - - 2.135.930 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized or
dilunasi (kecuali hapus buku) (5.855.685) - - (5.855.685) repaid (excluding write-offs)
31 Desember 2023 2.135.930 - - 2.135.930 31 December 2023
Aset baru 3.657.057 - - 3.657.057 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized or
dilunasi (kecuali hapus buku) (2.135.930) - - (2.135.930) repaid (excluding write-offs)
31 Desember 2024 3.657.057 - - 3.657.057 31 December 2024
Perubahan cadangan kerugian penurunan nilai The movements in the allowance for impairment
adalah sebagai berikut: losses are as follows:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
31 Desember 2022 56 - - 56 31 December 2022
Aset dihentikan
pengakuannya atau Assets derecognized or
dilunasi (kecuali hapus buku) (56) - - (56) repaid (excluding write-offs)
31 Desember 2023 - - - - 31 December 2023
Aset dihentikan
pengakuannya atau Assets derecognized or
dilunasi (kecuali hapus buku) - - - - repaid (excluding write-offs)
31 Desember 2024 - - - - 31 December 2024
Manajemen Bank berkeyakinan bahwa tidak The Bank’s management believes that there was
terdapat penempatan pada Bank Indonesia dan no impaired placement with Bank Indonesia and
bank lain yang mengalami penurunan nilai pada other banks as of 31 December 2024 and 2023
tanggal 31 Desember 2024 dan 2023
8. Efek-efek yang Diperdagangkan 8. Trading Securities
Akun ini terdiri dari: This account consists of:
31 Desember/31 December 2024
Mata uang asing/
Rupiah Foreign currencies Total
Efek-efek yang diperdagangkan Trading securities
Sekuritas Rupiah Bank Indonesia
Bank Indonesia 1.395.092 - 1.395.092 Rupiah Securities
Obligasi Korporasi 255.088 - 255.088 Corporate Bonds
Sukuk 196.065 134.852 330.917 Sukuk
Obligasi Pemerintah 125.727 200.169 325.896 Goverment Bonds
Total 1.971.972 335.021 2.306.993 Total
77
Page 477
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
8. Efek-efek yang Diperdagangkan (lanjutan) 8. Trading Securities (continued)
Akun ini terdiri dari: (lanjutan) This account consists of: (continued)
31 Desember/31 December 2023
Mata uang asing/
Rupiah Foreign currencies Total
Efek-efek yang diperdagangkan Trading securities
Obligasi Pemerintah 1.690.188 78.501 1.768.689 Government Bonds
Sekuritas Rupiah Bank Indonesia
Bank Indonesia 677.264 - 677.264 Rupiah Securities
Obligasi Korporasi 196.136 - 196.136 Corporate Bonds
Sukuk 20.746 95.401 116.147 Sukuk
Total 2.584.334 173.902 2.758.236 Total
Pada tanggal 31 Desember 2024 dan 2023, efek- As of 31 December 2024 and 2023, trading
efek yang diperdagangkan adalah efek-efek yang securities are the securities issued by the
diterbitkan oleh pemerintah dan korporasi dan government and corporation and categorized as
dikategorikan tanpa peringkat berupa obligasi non-rated in the form of government bonds, Bank
pemerintah, sekuritas rupiah Bank Indonesia dan Indonesia rupiah securities and sukuk.
sukuk.
Rincian obligasi korporasi berdasarkan peringkat The details of corporate bonds based on rating are
adalah sebagai berikut: as follows:
31 Desember/31 December
Pemeringkat/
Ranked by 2024 2023 2024 2023
PT Merdeka Battery Materials Tbk Pefindo idA - 100.007 - PT Merdeka Battery Materials Tbk
PT Tower Bersama PT Tower Bersama
Infrastructure Tbk Fitch Rating AA+ - 51.065 - Infrastructure Tbk
PT Astra Sedaya Finance Pefindo idAAA idAAA 37.865 4.998 PT Astra Sedaya Finance
PT Merdeka Copper Gold Tbk Pefindo idA+ idA+ 59.976 99.805 PT Merdeka Copper Gold Tbk
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk Pefindo idAAA idAAA 6.175 249 (Persero) Tbk
PT Chandra Asri Petrochemical Tbk Pefindo - idAA- - 90.638 PT Chandra Asri Petrochemical Tbk
PT PLN (Persero) Pefindo - idAAA - 446 PT PLN (Persero)
Total 255.088 196.136 Total
Rincian efek-efek diperdagangkan berdasarkan The details of trading securities based on
sisa umur sampai dengan jatuh tempo terdapat remaining maturities are shown in Note 38.
pada Catatan 38.
Suku bunga efektif rata-rata efek-efek yang The average effective interest rates of trading
diperdagangkan adalah sebagai berikut: securities are as follows:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Rupiah Rupiah
Obligasi Pemerintah 4,90% - 10,75% 4,90% - 8,95% Government Bonds
Sekuritas Rupiah Bank Indonesia 6,75% - 7,35% 6,40% - 6,71% Bank Indonesia Rupiah Securities
Obligasi Korporasi 6,16% - 8,93% 6,23% - 9,15% Corporate Bonds
Sukuk 4,98% - 6,27% 4,48% - 6,73% Sukuk
Mata uang asing Foreign currency
Obligasi Pemerintah 2,48% - 8,21% 1,85% - 7,19% Government Bonds
Sukuk 1,50% - 5,56% 2,30% - 4,70% Sukuk
78
Page 478
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
9. Investasi Keuangan 9. Financial Investments
Akun ini terdiri dari: This account consists of:
31 Desember/31 December 2024
Mata uang asing/
Rupiah Foreign currencies Total
Diukur pada nilai wajar
melalui penghasilan At fair value through other
komprehensif lain comprehensive income
Obligasi Pemerintah 13.703.877 - 13.703.877 Government Bonds
Sekuritas Rupiah Rupiah Securities
Bank Indonesia 7.852.673 - 7.852.673 Bank Indonesia
Sukuk 729.519 - 729.519 Sukuk
Obligasi Korporasi 637.817 - 637.817 Corporate Bonds
Total 22.923.886 - 22.923.886 Total
Diukur pada biaya perolehan
yang diamortisasi At amortized cost
Obligasi Pemerintah 7.094.157 - 7.094.157 Government Bonds
Wesel ekspor berjangka Export bills
Pihak ketiga 965.818 1.245.306 2.211.124 Third parties
Pihak berelasi (Catatan 37) - 19.183 19.183 Related parties (Note 37)
Sukuk 220.512 - 220.512 Sukuk
Total 8.280.487 1.264.489 9.544.976 Total
Total investasi keuangan 31.204.373 1.264.489 32.468.862 Total financial investments
Cadangan kerugian
penurunan nilai (2.146) (13.890) (16.036) Allowance for impairment losses
Neto 31.202.227 1.250.599 32.452.826 Net
31 Desember/31 December 2023
Mata uang asing/
Rupiah Foreign currencies Total
Diukur pada nilai wajar
melalui penghasilan At fair value through other
komprehensif lain comprehensive income
Obligasi Pemerintah 11.183.830 414.216 11.598.046 Government Bonds
Sekuritas Rupiah Rupiah Securities
Bank Indonesia 6.184.397 321.071 6.505.468 Bank Indonesia
Sukuk 685.108 825.193 1.510.301 Sukuk
Obligasi Korporasi 683.593 - 683.593 Corporate Bonds
Negotiable
Certificate Deposit 104.357 - 104.357 Negotiable Certificate Deposit
Total 18.841.285 1.560.480 20.401.765 Total
Diukur pada biaya perolehan
yang diamortisasi At amortized cost
Obligasi Pemerintah 7.629.732 - 7.629.732 Government Bonds
Wesel ekspor berjangka Export bills
Pihak ketiga 2.581.035 2.068.786 4.649.821 Third parties
Pihak berelasi (Catatan 37) - 56.999 56.999 Related parties (Note 37)
Sukuk 312.908 - 312.908 Sukuk
Total 10.523.675 2.125.785 12.649.460 Total
Total investasi keuangan 29.364.960 3.686.265 33.051.225 Total financial investments
Cadangan kerugian
penurunan nilai (6.853) (6.995) (13.848) Allowance for impairment losses
Neto 29.358.107 3.679.270 33.037.377 Net
79
Page 479
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
9. Investasi Keuangan (lanjutan) 9. Financial Investments (continued)
a. Investasi keuangan yang diukur pada nilai a. The financial investments at fair value through
wajar melalui penghasilan komprehensif lain other comprehensive income as of
pada tanggal 31 Desember 2024 dan 31 December 2024 and 2023 are as follows:
2023 adalah sebagai berikut:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Nilai wajar Fair value
Rupiah Rupiah
Obligasi Pemerintah 13.703.877 11.183.830 Government Bonds
Sekuritas Rupiah Rupiah Securities
Bank Indonesia 7.852.673 6.184.397 Bank Indonesia
Sukuk 729.519 685.108 Sukuk
Obligasi Korporasi 637.817 683.593 Corporate Bonds
Negotiable Certifcate of Deposit - 104.357 Negotiable Certificate of Deposit
Subtotal 22.923.886 18.841.285 Subtotal
Mata Uang Asing Foreign Currencies
Obligasi Pemerintah - 414.216 Government Bonds
Sekuritas Rupiah Rupiah Securities
Bank Indonesia - 321.071 Bank Indonesia
Sukuk - 825.193 Sukuk
Subtotal 1.560.480 Subtotal
Total 22.923.886 20.401.765 Total
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Nilai nominal 23.221.160 20.639.191 Nominal value
Saldo yang belum diamortisasi 7.552 (121.227) Unamortized amount
Kerugian yang
belum direalisasi (304.826) (116.199) Unrealized loss
Total 22.923.886 20.401.765 Total
Rekonsiliasi atas perubahan kerugian yang Reconciliations of movement in unrealized loss
belum direalisasi atas efek-efek yang diukur on securities at fair value through other
pada nilai wajar melalui penghasilan comprehensive income - net are as follows:
komprehensif lain - neto adalah sebagai
berikut:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Saldo awal tahun (91.872) (154.011) Balance at beginning of year
(Kerugian)/keuntungan yang belum Unrealized (loss)/gain
direalisasi diakui di ekuitas (188.874) 79.383 recognized in equity
(Penyisihan)/pemulihan kerugian
penurunan nilai selama tahun (Provision)/reversal for impairment
berjalan (341) 283 losses during the year
Efek pajak 41.627 (17.527) Tax effect
Saldo akhir tahun (239.460) (91.872) Balance at end of year
80
Page 480
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
9. Investasi Keuangan (lanjutan) 9. Financial Investments (continued)
b. Klasifikasi investasi keuangan yang diukur b. The classification of financial investments at
pada biaya perolehan yang diamortisasi amortized cost based on the remaining
berdasarkan sisa umur sebelum cadangan maturities before allowance for impairment
kerugian penurunan nilai adalah sebagai losses are as follows:
berikut:
31 Desember/31 December 2024
Mata uang
asing/
Foreign
Rupiah currencies Total
< 1 bulan 3.749.978 652.413 4.402.391 < 1 month
≥ 1 bulan ≤ 3 bulan 1.330.668 318.526 1.649.194 ≥ 1 month ≤ 3 months
> 3 bulan ≤ 12 bulan 613.998 293.550 907.548 > 3 months ≤ 12 months
> 12 bulan 2.585.843 - 2.585.843 > 12 months
Total 8.280.487 1.264.489 9.544.976 Total
31 Desember/31 December 2023
Mata uang
asing/
Foreign
Rupiah currencies Total
< 1 bulan 5.264.748 898.948 6.163.696 < 1 month
≥ 1 bulan ≤ 3 bulan 1.986.681 544.966 2.531.647 ≥ 1 month ≤ 3 months
> 3 bulan ≤ 12 bulan 487.626 681.871 1.169.497 > 3 months ≤ 12 months
> 12 bulan 2.784.620 - 2.784.620 > 12 months
Total 10.523.675 2.125.785 12.649.460 Total
Rincian investasi keuangan berdasarkan sisa The details of financial investment based on
umur sampai dengan jatuh tempo terdapat remaining maturities are shown in Note 38.
pada Catatan 38.
c. Rincian obligasi korporasi berdasarkan c. The details of corporate bonds based on rating
peringkat adalah sebagai berikut: are as follows:
31 Desember/31 December
Pemeringkat/
Ranked by 2024 2023 2024 2023
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk Pefindo idAAA idAAA 159.816 158.309 (Persero) Tbk
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk Pefindo idAAA idAAA 139.271 140.000 (Persero) Tbk
PT Sarana Multi PT Sarana Multi
Infrastruktur Pefindo idAAA idAAA 85.201 84.348 Infrastruktur
PT Federal PT Federal
International Finance Pefindo idAAA idAAA 82.493 30.203 International Finance
PT Astra Sedaya PT Astra Sedaya
Finance Pefindo idAAA idAAA 68.928 69.974 Finance
PT Bank Mandiri PT Bank Mandiri
(Persero) Tbk Pefindo idAAA idAAA 49.266 100.406 (Persero) Tbk
PT Sarana Multigriya PT Bank Mandiri
Finansial (Persero) Pefindo idAAA - 27.895 - (Persero) Tbk
PT Bank Maybank PT Bank Maybank
Indonesia Tbk Pefindo idAAA idAAA 14.942 14.904 Indonesia Tbk
PT PLN (Persero) Pefindo idAAA idAAA 10.005 9.953 PT PLN (Persero)
PT Bank CIMB Niaga Tbk Pefindo idAAA idAAA - 75.496 PT Bank CIMB Niaga Tbk
Total 637.817 683.593 Total
81
Page 481
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
9. Investasi Keuangan (lanjutan) 9. Financial Investments (continued)
d. Perubahan nilai tercatat bruto atas investasi d. Movements in the gross carrying amount of
keuangan yang diukur pada nilai wajar financial investments at fair value through
melalui penghasilan komprehensif lainnya other comprehensive income and at amortized
dan yang diukur pada biaya perolehan yang cost are as follows:
diamortisasi adalah sebagai berikut:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
31 Desember 2022 27.955.119 17.635 - 27.972.754 31 December 2022
Aset baru 13.900.707 8.691 - 13.909.398 New assets originated
Aset dihentikan
pengakuannya Assets derecognized
atau dilunasi or repaid
(kecuali hapus buku) (8.431.897) (17.635) - (8.449.532) (excluding write-offs)
Pengukuran kembali (381.395) - - (381.395) Remeasurement
31 Desember 2023 33.042.534 8.691 - 33.051.225 31 December 2023
Aset baru 12.758.028 - - 12.758.028 New assets originated
Aset dihentikan
pengakuannya Assets derecognized
atau dilunasi or repaid
(kecuali hapus buku) (16.091.857) (8.691) - (16.100.548) (excluding write-offs)
Pengukuran kembali 2.760.157 - - 2.760.157 Remeasurement
31 Desember 2024 32.468.862 - - 32.468.862 31 December 2024
e. Perubahan cadangan kerugian penurunan e. The movements in the allowance for
nilai atas investasi keuangan yang diukur impairment losses of financial investments at
nilai wajar melalui penghasilan komprehensif fair value through other comprehensive
lainnya dan yang diukur pada biaya income and at amortized cost are as follows:
perolehan yang diamortisasi adalah sebagai
berikut:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
31 Desember 2022 16.889 2.709 - 19.598 31 December 2022
Aset baru 12.802 1.046 - 13.848 New assets originated
Aset dihentikan
pengakuannya Assets derecognized
atau dilunasi or repaid
(kecuali hapus buku) (16.889) (2.709) - (19.598) (excluding write-offs)
31 Desember 2023 12.802 1.046 - 13.848 31 December 2023
Aset baru 16.036 - - 16.036 New assets originated
Aset dihentikan
pengakuannya Assets derecognized
atau dilunasi or repaid
(kecuali hapus buku) (12.802) (1.046) - (13.848) (excluding write-offs)
31 Desember 2024 16.036 - - 16.036 31 December 2024
Manajemen Bank berkeyakinan bahwa The Bank’s management believes that the
jumlah cadangan kerugian penurunan nilai allowance for impairment losses is adequate
adalah cukup untuk menutup kemungkinan to cover possible impairment losses from
kerugian penurunan nilai atas tidak uncollectible export bills and corporate bonds.
tertagihnya wesel ekspor berjangka dan
obligasi korporasi.
82
Page 482
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
9. Investasi Keuangan (lanjutan) 9. Financial Investments (continued)
f. Kisaran suku bunga efektif rata-rata investasi f. The range of average effective interest rates of
keuangan adalah sebagai berikut: financial investments are as follows:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Rupiah 4,90% - 11,00% 4,83% - 11,00% Rupiah
Mata uang asing 3,88% - 7,75% 2,90% - 8,29% Foreign currency
10. Tagihan dan Liabilitas Derivatif 10. Derivative Receivables and Payables
Ikhtisar tagihan dan liabilitas derivatif adalah The summary of derivative receivables and
sebagai berikut: payables are as follows:
31 Desember/31 December 2024
Nilai nosional
(kontrak)
(ekuivalen
rupiah)/
Notional value Tagihan Liabilitas
(contract) derivatif/ derivatif/
(rupiah Derivative Derivative
Jenis equivalent) receivables payables Type
Swap pertukaran valas dan Cross currency interest rate
suku bunga swap
Rupiah 19.871.782 1.109.794 4.098 Indonesian Rupiah
Valas 21.149.872 7.873 1.092.442 Foreign Currencies
Forward beli Forward bough
Rupiah 31.262.813 383.623 79.923 Indonesian Rupiah
Valas 2.042.395 2.769 5.365 Foreign Currencies
Forward jual Forward sold
Valas 37.339.886 74.110 464.740 Foreign Currencies
Option 19.748.454 452.790 457.719 Option
Swap suku bunga Interest rate swap
Valas 14.374.849 31.209 120.657 Foreign Currencies
Futures 804.750 25 946 Futures
Total 2.062.193 2.225.890 Total
31 Desember/31 December 2023
Nilai nosional
(kontrak)
(ekuivalen
rupiah)/
Notional value Tagihan Liabilitas
(contract) derivatif/ derivatif/
(rupiah Derivative Derivative
Jenis equivalent) receivables payables Type
Cross currency interest rate
Swap pertukaran valas dan suku bunga swap
Rupiah 21.050.446 516.385 158.821 Indonesian Rupiah
Dolar Amerika Serikat 23.705.299 109.919 634.129 United States Dollar
Forward beli Forward bought
Dolar Amerika Serikat 21.204.568 28.591 204.687 United States Dollar
83
Page 483
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
10. Tagihan dan Liabilitas Derivatif (lanjutan) 10. Derivative Receivables and Payables
(continued)
Ikhtisar tagihan dan liabilitas derivatif adalah The summary of derivative receivables and
sebagai berikut: (lanjutan) payables are as follows: (continued)
31 Desember/31 December 2023
Nilai nosional
(kontrak)
(ekuivalen
rupiah)/
Notional value Tagihan Liabilitas
(contract) derivatif/ derivatif/
(rupiah Derivative Derivative
Jenis equivalent) receivables payables Type
Forward jual Forward sold
Dolar Amerika Serikat 9.519.718 63.974 20.262 United States Dollar
Option 8.520.456 77.979 75.019 Option
Swap suku bunga Interest rate swap
Rupiah 339.331 502 2.864 Indonesian Rupiah
Dolar Amerika Serikat 14.301.440 43.344 124.506 United States Dollar
Futures 92.382 - 2.312 Futures
Total 840.694 1.222.600 Total
Rincian tagihan dan liabilitas derivatif The details of derivative receivables and payables
berdasarkan sisa umur sampai dengan jatuh based on remaining maturities are shown in
tempo terdapat pada Catatan 38. Note 38.
Dalam kegiatan normal bisnis, Bank melakukan In the normal course of the business, the Bank
transaksi derivatif tertentu untuk memenuhi enters into some derivative transactions to meet the
kebutuhan spesifik nasabahnya dan dalam specific needs of its customers as well as to
rangka pengelolaan likuiditas dan posisi lindung manage its liquidity and hedging position. The Bank
nilai. Bank memiliki kebijakan pengelolaan risiko has its own risk management policy and the risk
dan limit yang ditentukan untuk mengendalikan amount limit for controlling the foreign exchange
risiko nilai tukar dan suku bunga. Perubahan and interest rate risks. The changes in variable
variabel risiko pasar dimonitor secara aktif dalam market risk are actively monitored in the ALCO
rapat ALCO (Asset and Liability Committee) yang (Asset and Liability Committee) meeting, whereby
dijadikan acuan dalam menentukan strategi the changes serve as the benchmark in determining
Bank. the Bank’s strategies.
Pada tanggal 31 Desember 2024 dan 2023, Bank As of 31 December 2024 and 2023, the Bank has
memiliki beberapa tipe instrumen derivatif the following types of derivative instruments:
sebagai berikut:
Pertukaran forward Forward exchange
Kontrak forward pertukaran valuta asing adalah Forward foreign exchange contracts are contractual
perjanjian untuk membeli atau menjual suatu agreements to buy or sell a foreign currency at
mata uang asing pada kurs dan tanggal tertentu. specified rates and on certain dates. These
Transaksi tersebut dilakukan di over-the-counter transactions are conducted in the over-the-counter
market. Secara spesifik, Bank mengadakan market. Specifically, the Bank enters into this
transaksi ini dengan tujuan untuk mengendalikan transaction with the objective to control the
risiko nilai tukar. Jangka waktu perjanjian untuk exchange rate risk. The period of contract for
transaksi forward pertukaran mata uang asing forward foreign exchange transactions undertaken
yang dilakukan oleh Bank berkisar antara 4 hari by the Bank ranged between 4 days to 2 years.
hingga 2 tahun.
84
Page 484
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
10. Tagihan dan Liabilitas Derivatif (lanjutan) 10. Derivative Receivables and Payables
(continued)
Pada tanggal 31 Desember 2024 dan 2023, Bank As of 31 December 2024 and 2023, the Bank has
memiliki beberapa tipe instrumen derivatif the following types of derivative instruments:
sebagai berikut: (lanjutan) (continued)
Options Options
Options merupakan perjanjian kontraktual antara Options are a contractual agreements between two
dua pihak yang merupakan suatu kontrak yang parties which is a contract granting rights (instead
memberikan hak (bukan kewajiban) kepada of liabilities) to the option buyer to purchase or sell
pembeli option untuk untuk membeli atau menjual a currency against another currency at a
mata uang terhadap mata uang lainnya dengan predetermined price (strike price) for a certain
harga yang telah ditentukan (strike price) untuk period by paying significant amount of premium to
suatu periode tertentu dengan membayar the option seller. The contract period for the option
sejumlah premi kepada penjual option. Periode transacted by the Bank ranged between 16 days to
perjanjian untuk option yang dilakukan oleh Bank 5 years.
berkisar antara 16 hari hingga 5 tahun.
Swap suku bunga Interest rate swap
Perjanjian swap suku bunga merupakan Interest rate swap contracts are contractual
perjanjian kontraktual antara dua pihak untuk agreements between two parties to exchange
menukarkan pergerakan tingkat suku bunga dan movements of interest rates and to make payments
untuk melakukan suatu pembayaran yang with respect to defined credit events based on
didasarkan pada suatu situasi tertentu dan specified notional amount.
jumlah nosional tertentu.
Secara spesifik, Bank mengadakan transaksi Specifically, the Bank has entered into these
tersebut dengan tujuan untuk melindungi nilai contracts to hedge its future interest cash flows on
pergerakan arus kas di masa depan, terkait its interest income from Indonesian Rupiah loan
dengan pendapatan bunga atas pinjaman yang receivables from customers (corporate and
diberikan kepada debitur (debitur perusahaan individual at a pool basis) and its interest income
dan debitur perorangan yang telah digabungkan) from United States Dollar denominated available-
dalam Rupiah dan pendapatan bunga dari efek for-sale securities. The contract period for the
tersedia untuk dijual dalam mata uang Dolar interest rate swap transacted by the Bank is
Amerika Serikat. Periode perjanjian untuk swap between 3 months to 8 years.
suku bunga yang dilakukan oleh Bank berkisar
antara 3 bulan hingga 8 tahun.
Swap suku bunga lintas mata uang Cross currency interest rate swap
Swap suku bunga lintas mata uang merupakan Cross currency interest rate swap are contractual
perjanjian kontraktual antara dua pihak untuk agreements between two parties to exchange cash
menukarkan arus kas dari pokok kredit dan flows from loan principal and interest payments
pembayaran bunga dengan denominasi yang which are in different denominations. The contract
berbeda. Periode kontrak untuk swap suku bunga period for the cross currency interest rate swap
lintas mata uang yang dilakukan oleh Bank transacted by the Bank ranged between 6 months
berkisar antara 6 bulan hingga 7 tahun. to 7 years.
Transaksi-transaksi tersebut di atas tidak The above transactions are not treated as an
diperlakukan sebagai transaksi lindung nilai yang effective hedging relationships for accounting
efektif untuk tujuan akuntansi. Perubahan nilai purposes. The changes in the fair value of the
wajar dari instrumen derivatif tersebut dikreditkan derivative instruments are credited or charged to
atau dibebankan dalam laporan laba rugi dan the statements of profit or loss and other
penghasilan komprehensif lain tahun berjalan. comprehensive income in the current year.
85
Page 485
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
11. Kredit yang Diberikan 11. Loans
1) Jenis kredit yang diberikan 1) By type of loan
31 Desember/31 December 2024
Pihak Pihak berelasi
ketiga/ (Catatan 37)/
Third Related parties
parties (Note 37) Total
Rupiah Rupiah
Promes 18.686.666 - 18.686.666 Promissory notes
Trade loans 13.229.276 - 13.229.276 Trade loans
Kartu kredit 9.249.557 10.191 9.259.748 Credit card
Rekening koran 8.004.412 - 8.004.412 Overdraft
Investasi 6.610.786 - 6.610.786 Investment
Pemilikan rumah 6.368.111 47.070 6.415.181 Housing
Angsuran 4.721.470 - 4.721.470 Installment
Sindikasi 2.971.801 - 2.971.801 Syndicated
Multiguna 831.255 3.547 834.802 Multi-purpose
Kendaraan bermotor 57.807 13.497 71.304 Motor vehicles
Tetap 15.720 - 15.720 Fixed
70.746.861 74.305 70.821.166
Mata uang asing Foreign currencies
Trade loans 14.733.201 - 14.733.201 Trade loans
Sindikasi 7.983.693 - 7.983.693 Syndicated
Promes 5.747.887 - 5.747.887 Promissory notes
Investasi 1.071.756 - 1.071.756 Investment
Angsuran 54.106 - 54.106 Installment
29.590.643 - 29.590.643
Total 100.337.504 74.305 100.411.809 Total
Cadangan kerugian
penurunan nilai (3.958.861) (692) (3.959.553) Allowance for impairment losses
Neto 96.378.643 73.613 96.452.256 Net
31 Desember/31 December 2023
Pihak Pihak berelasi
ketiga/ (Catatan 37)/
Third Related parties
parties (Note 37) Total
Rupiah Rupiah
Promes 12.939.543 - 12.939.543 Promissory notes
Trade loans 11.127.495 - 11.127.495 Trade loans
Kartu kredit 9.860.276 8.484 9.868.760 Credit card
Rekening koran 8.772.132 - 8.772.132 Overdraft
Investasi 7.409.416 - 7.409.416 Investment
Pemilikan rumah 6.721.220 25.537 6.746.757 Housing
Angsuran 4.181.242 - 4.181.242 Installment
Sindikasi 1.670.110 - 1.670.110 Syndicated
Multiguna 962.586 9.530 972.116 Multi-purpose
Kendaraan bermotor 27.435 8.485 35.920 Motor vehicles
Tetap 15.800 - 15.800 Fixed
63.687.255 52.036 63.739.291
86
Page 486
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
11. Kredit yang Diberikan (lanjutan) 11. Loans (continued)
1) Jenis kredit yang diberikan (lanjutan) 1) By type of loan (continued)
31 Desember/31 December 2023
Pihak Pihak berelasi
ketiga/ (Catatan 37)/
Third Related parties
parties (Note 37) Total
Mata uang asing Foreign currencies
Promes 6.503.497 - 6.503.497 Promissory notes
Sindikasi 6.419.084 - 6.419.084 Syndicated
Trade loans 5.588.403 - 5.588.403 Trade loans
Investasi 1.085.715 - 1.085.715 Investment
Angsuran 686.615 - 686.615 Installment
20.283.314 - 20.283.314
Total 83.970.569 52.036 84.022.605 Total
Cadangan kerugian
penurunan nilai (4.108.979) (1.784) (4.110.763) Allowance for impairment losses
Neto 79.861.590 50.252 79.911.842 Net
2) Sektor ekonomi 2) By economic sector
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Industri pengolahan 24.247.358 21.318.545 Processing industry
Perdagangan besar dan eceran 20.200.588 18.720.204 Wholesale and retail trading
Rumah tangga 16.582.987 17.625.534 Household
Pertambangan dan penggalian 11.540.589 7.249.461 Mining and excavation
Aktivitas keuangan dan asuransi 7.500.227 3.454.621 Financial and insurance activities
Pertanian, kehutanan dan perikanan 4.544.252 1.853.616 Agriculture, forestry and fisheries
Pengangkutan dan pergudangan 3.750.994 660.629 Transportation and warehousing
Konstruksi gedung 3.181.682 2.023.681 Building construction
Real estate 2.980.475 4.502.509 Real estate
Informasi dan komunikasi 2.197.093 2.633.668 Information and communication
Penyedia akomodasi dan Accommodation and
penyedia makanan dan minuman 1.943.693 2.095.861 food and beverages provider
Pengadaan listrik, gas dan udara 373.318 613.864 Electricity, gas and air procurement
Lainnya 1.368.553 1.270.412 Others
Total 100.411.809 84.022.605 Total
Cadangan kerugian
penurunan nilai (3.959.553) (4.110.763) Allowance for impairment losses
Neto 96.452.256 79.911.842 Net
3) Jangka waktu 3) By terms
a. Berdasarkan perjanjian kredit a. Based on loan agreement
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Rupiah Rupiah
≤ 1 tahun 42.893.453 12.965.735 ≤ 1 year
> 1 tahun ≤ 2 tahun 5.731.662 18.294.857 > 1 year ≤ 2 years
> 2 tahun ≤ 5 tahun 5.087.792 9.542.190 > 2 years ≤ 5 years
> 5 tahun 17.108.259 22.936.509 > 5 years
70.821.166 63.739.291
87
Page 487
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
11. Kredit yang Diberikan (lanjutan) 11. Loans (continued)
3) Jangka waktu (lanjutan) 3) By terms (continued)
a. Berdasarkan perjanjian kredit a. Based on loan agreement (continued)
(lanjutan)
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Mata uang asing Foreign currencies
≤ 1 tahun 18.188.241 8.837.105 ≤ 1 year
> 1 tahun ≤ 2 tahun 2.453.798 4.185.159 > 1 year ≤ 2 years
> 2 tahun ≤ 5 tahun 4.439.377 4.195.298 > 2 years ≤ 5 years
> 5 tahun 4.509.227 3.065.752 > 5 years
29.590.643 20.283.314
Total 100.411.809 84.022.605 Total
Cadangan kerugian
penurunan nilai (3.959.553) (4.110.763) Allowance for impairment losses
Neto 96.452.256 79.911.842 Net
b. Berdasarkan sisa umur jatuh tempo b. Based on remaining maturities
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Rupiah Rupiah
≤ 1 tahun 50.216.081 37.083.311 ≤ 1 year
> 1 tahun ≤ 2 tahun 2.013.599 4.969.648 > 1 year ≤ 2 years
> 2 tahun ≤ 5 tahun 9.537.322 10.025.089 > 2 years ≤ 5 years
> 5 tahun 9.054.164 11.661.243 > 5 years
70.821.166 63.739.291
Mata uang asing Foreign currencies
≤ 1 tahun 21.822.300 13.576.140 ≤ 1 year
> 1 tahun ≤ 2 tahun 368.638 1.163.488 > 1 year ≤ 2 years
> 2 tahun ≤ 5 tahun 7.386.422 5.351.083 > 2 years ≤ 5 years
> 5 tahun 13.283 192.603 > 5 years
29.590.643 20.283.314
Total 100.411.809 84.022.605 Total
Cadangan kerugian
penurunan nilai (3.959.553) (4.110.763) Allowance for impairment losses
Neto 96.452.256 79.911.842 Net
88
Page 488
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
11. Kredit yang Diberikan (lanjutan) 11. Loans (continued)
Berikut ini adalah informasi signifikan lainnya The other significant information relating to loans
sehubungan dengan kredit yang diberikan: are as follows:
a. Kredit yang diberikan dijamin dengan a. Loans are secured with time deposits,
deposito, agunan yang diikat dengan hak registered mortgages over collateral or power
tanggungan atau surat kuasa untuk menjual of attorney to sell or to liquidate and with other
atau mencairkan dan jaminan lain yang guarantees generally acceptable to the Bank.
umumnya dapat diterima oleh Bank.
b. Giro sejumlah Rp885.018 dan Rp655.364 b. Demand deposits amounting to Rp885,018
masing-masing pada tanggal 31 Desember and Rp655,364 as of 31 December 2024 and
2024 dan 2023 digunakan sebagai jaminan 2023, respectively are pledged as collateral for
atas kredit yang diberikan dan fasilitas bank loans and other bank facilities (Note 17).
lainnya (Catatan 17).
c. Tabungan sejumlah Rp296.619 dan c. Saving deposits amounting to Rp296,619 and
Rp1.063.347 masing-masing pada tanggal Rp1,063,347 as of 31 December 2024 and
31 Desember 2024 dan 2023 digunakan 2023, respectively are pledged as collateral for
sebagai jaminan atas kredit yang diberikan loans (Note 18).
(Catatan 18).
d. Deposito berjangka sejumlah Rp9.688.236 d. Time deposits amounting to Rp9,688,236 and
dan Rp8.442.844 masing-masing pada Rp8,442,844 as of 31 December 2024 and
tanggal 31 Desember 2024 dan 2023 2023, respectively are pledged as collateral for
digunakan sebagai jaminan atas kredit yang loans (Note 19).
diberikan (Catatan 19).
e. Suku bunga kontraktual rata-rata untuk kredit e. The average contractual interest rates for
adalah sebagai berikut: loans are as follows:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Rupiah 9,09% 7,12% Rupiah
Mata uang asing 6,17% 6,42% Foreign currencies
f. Kredit yang diberikan kepada karyawan f. Loans to employees represent, among others,
antara lain merupakan kredit untuk housing, multipurpose and car loans. These
pembelian rumah, multiguna dan kendaraan. loans granted to employees that bear a lower
Kredit kepada karyawan tersebut dikenakan interest rates than interest rates charged to
bunga sesuai ketentuan Bank yang lebih non-employee amounting to Rp359,176 and
rendah dari suku bunga kredit yang diberikan Rp220,935 as of 31 December 2024 and 2023,
Bank kepada nasabah bukan karyawan respectively.
dengan jumlah masing-masing sebesar
Rp359.176 dan Rp220.935 pada tanggal
31 Desember 2024 dan 2023.
89
Page 489
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
11. Kredit yang Diberikan (lanjutan) 11. Loans (continued)
Berikut ini adalah informasi signifikan lainnya The other significant information relating to loans
sehubungan dengan kredit yang diberikan: are as follows: (continued)
(lanjutan)
g. Pada tanggal 31 Desember 2024 dan 2023, g. As of 31 December 2024 and 2023, total
jumlah kredit yang direstrukturisasi masing- restructured loans amounting to Rp 5,287,286
masing sebesar Rp5.287.286 dan and Rp6,440,983, respectively, are provided
Rp6.440.983, dengan cadangan kerugian with allowance for impairment losses of Rp
penurunan nilai yang dibentuk masing- 1,933,488 and Rp2,096,482, respectively. The
masing sebesar Rp1.933.488 dan restructuring of loans represents extension of
Rp2.096.482. Bentuk restrukturisasi kredit maturity dates and reduction of interest rates.
meliputi antara lain kredit dengan There are no losses resulted from those loans
perpanjangan jatuh tempo dan perubahan restructuring and the Bank does not have any
tingkat suku bunga. Tidak ada kerugian yang commitments to grant additional loans to these
timbul dari restrukturisasi kredit tersebut dan customers.
Bank tidak memiliki komitmen untuk
memberikan tambahan kredit kepada
nasabah-nasabah tersebut.
Manajemen berkeyakinan bahwa jumlah The Bank’s management believes that the
cadangan penurunan nilai yang dibentuk allowance for impairment losses is adequate.
telah memadai.
Restrukturisasi kredit berdasarkan jenis kredit Restructured loan by type of loan as follows:
yang diberikan sebagai berikut:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Rupiah Rupiah
Angsuran 1.334.130 1.502.105 Installment
Investasi 923.913 1.043.092 Investment
Promes 333.342 611.458 Promissory notes
Rekening koran 295.075 590.390 Overdraft
Pemilikan rumah 341.840 418.524 Housing
Sindikasi - 251.103 Syndicated
Multiguna 170.014 203.197 Multi-purpose
Trade loans 132.432 26.072 Trade loans
Kartu kredit 13.792 21.531 Credit card
3.544.538 4.667.472
Mata uang asing Foreign currencies
Investasi 1.020.924 997.052 Investment
Promes 472.445 493.907 Promissory notes
Trade loans 230.230 259.157 Trade loans
Angsuran 19.149 23.395 Installment
1.742.748 1.773.511
Total 5.287.286 6.440.983 Total
Cadangan kerugian
penurunan nilai (1.933.488) (2.096.482) Allowance for impairment losses
Neto 3.353.798 4.344.501 Net
90
Page 490
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
11. Kredit yang Diberikan (lanjutan) 11. Loans (continued)
Berikut ini adalah informasi signifikan lainnya The other significant information relating to loans
sehubungan dengan kredit yang diberikan: are as follows: (continued)
(lanjutan)
h. Pada tanggal 13 September 2024 dan h. On 13 September 2024 and 15 October 2024,
15 Oktober 2024, Bank melakukan penjualan the Bank sold its written off loan. Payment for
atas kredit yang telah dihapusbukukan. the selling prices of Rp176,000 has been fully
Pembayaran dari harga jual atas kredit received by the Bank and recovery of the
tersebut sebesar Rp176.000 telah diterima written-off loans was presented as part of
seluruhnya oleh Bank dan pemulihan atas “Gain on sales of financial assets” and “Other
kredit yang telah dihapusbukukan tersebut operating income - Others-net” in current year
dicatat sebagai bagian dari “Keuntungan atas statement of profit or loss and other
penjualan aset keuangan” dan “Pendapatan comprehensive income.
operasional lainnya - Lain-lain-neto” pada
laporan laba rugi dan penghasilan
komprehensif lain di tahun berjalan.
Kredit tersebut dijual dengan skema jual The loans were sold with true sales scheme
putus dengan pengalihan hak atas kredit with the transfer of rights on the sold loans
yang dijual berlaku efektif pada tanggal become effective on 13 September 2024 and
13 September 2024 dan 15 Oktober 2024. 15 October 2024.
Pada tanggal 29 November 2023, Bank On 29 November 2023, the Bank sold its
melakukan penjualan atas kredit yang telah written off loan. Payment for the selling prices
dihapusbukukan. Pembayaran dari harga of Rp141,346 has been fully received by the
jual atas kredit tersebut sebesar Rp141.346 Bank and recovery of the written-off loans was
telah diterima seluruhnya oleh Bank dan presented as part of “Other operating income -
pemulihan atas kredit yang telah Others-net” in current year statement of profit
dihapusbukukan tersebut dicatat sebagai or loss and other comprehensive income.
bagian dari “Pendapatan operasional lainnya
- Lain-lain-neto” pada laporan laba rugi dan
penghasilan komprehensif lain di tahun
berjalan.
Kredit tersebut dijual dengan skema jual The loans were sold with true sales scheme
putus dengan pengalihan hak atas kredit with the transfer of rights on the sold loans
yang dijual berlaku efektif pada tanggal become effective on 29 November 2023.
29 November 2023.
j. Perubahan nilai tercatat bruto atas kredit j. Movements in the gross carrying amount of
yang diberikan adalah sebagai berikut: loans are as follows:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
31 Desember 2022 75.149.163 7.904.404 2.480.955 85.534.522 31 December 2022
Aset baru 26.606.185 409.258 860.000 27.875.443 New assets originated
Aset dihentikan
pengakuannya Assets derecognized
atau dilunasi or repaid
(kecuali hapus buku) (21.084.943) (1.422.483) (191.709) (22.699.135) (excluding write-offs)
Transfer ke Tahap 1 1.305.008 (983.367) (321.641) - Transfers to Stage 1
Transfer ke Tahap 2 (2.015.473) 2.030.201 (14.728) - Transfers to Stage 2
Transfer ke Tahap 3 (107.886) (731.494) 839.380 - Transfers to Stage 3
Pengukuran kembali (4.812.467) (372.527) (35.684) (5.220.678) Remeasurement
Penghapusbukuan - - (1.467.547) (1.467.547) Bad debts written-off
31 Desember 2023 75.039.587 6.833.992 2.149.026 84.022.605 31 December 2023
91
Page 491
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
11. Kredit yang Diberikan (lanjutan) 11. Loans (continued)
Berikut ini adalah informasi signifikan lainnya The other significant information relating to loans
sehubungan dengan kredit yang diberikan: are as follows: (continued)
(lanjutan)
j. Perubahan nilai tercatat bruto atas kredit j. Movements in the gross carrying amount of
yang diberikan adalah sebagai berikut: loans are as follows: (continued)
(lanjutan)
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
31 Desember 2023 75.039.587 6.833.992 2.149.026 84.022.605 31 December 2023
Aset baru 36.309.264 2.070.434 46.761 38.426.459 New assets originated
Aset dihentikan
pengakuannya Assets derecognized
atau dilunasi or repaid
(kecuali hapus buku) (19.529.977) (1.933.000) (368.288) (21.831.265) (excluding write-offs)
Transfer ke Tahap 1 1.141.135 (1.085.716) (55.419) - Transfers to Stage 1
Transfer ke Tahap 2 (1.843.728) 1.869.567 (25.839) - Transfers to Stage 2
Transfer ke Tahap 3 (296.850) (635.241) 932.091 - Transfers to Stage 3
Pengukuran kembali 1.201.157 (278.391) (37.397) 885.369 Remeasurement
Penghapusbukuan - - (1.091.359) (1.091.359) Bad debts written-off
31 Desember 2024 92.020.588 6.841.645 1.549.576 100.411.809 31 December 2024
k. Perubahan cadangan kerugian penurunan k. The movements in the allowance for
nilai atas kredit yang diberikan adalah impairment losses of loans are as follows:
sebagai berikut:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
31 Desember 2022 450.630 2.744.753 1.040.568 4.235.951 31 December 2022
Aset baru 315.266 785.012 174.663 1.274.941 New assets originated
Aset dihentikan
pengakuan Assets derecognized
atau dilunasi or repaid
(kecuali hapus buku) (141.696) (913.550) 586.749 (468.497) (excluding write-offs)
Transfer ke Tahap 1 164.778 (160.529) (4.249) - Transfers to Stage 1
Transfer ke Tahap 2 (15.635) 16.617 (982) - Transfers to Stage 2
Transfer ke Tahap 3 (2.508) (401.382) 403.890 - Transfers to Stage 3
Pengukuran kembali (224.164) 503.889 (127.587) 152.138 Remeasurement
Penghapusbukuan - - (1.467.547) (1.467.547) Bad debts written-off
Penerimaan kembali atas
aset keuangan yang
telah dihapusbukukan - - 384.191 384.191 Bad debts recoveries
Perubahan di: Changes in:
- Valuta asing - - (414) (414) - Foreign exchange
31 Desember 2023 546.671 2.574.810 989.282 4.110.763 31 December 2023
Aset baru 138.904 678.803 26.911 844.618 New assets originated
Aset dihentikan
pengakuan Assets derecognized
atau dilunasi or repaid
(kecuali hapus buku) (135.397) (780.751) (1.624.854) (2.541.002) (excluding write-offs)
Transfer ke Tahap 1 192.420 (182.833) (9.587) - Transfers to Stage 1
Transfer ke Tahap 2 (14.813) 21.629 (6.816) - Transfers to Stage 2
Transfer ke Tahap 3 (8.400) (139.304) 147.704 - Transfers to Stage 3
Pengukuran kembali (193.078) 321.717 (7.948) 120.691 Remeasurement
Penghapusbukuan - - 1.091.359 1.091.359 Bad debts written-off
Penerimaan kembali atas
aset keuangan yang
telah dihapusbukukan - - 332.513 332.513 Bad debts recoveries
Perubahan di: Changes in:
- Valuta asing - - 611 611 - Foreign exchange
-
31 Desember 2024 526.307 2.494.071 939.175 3.959.553 31 December 2024
92
Page 492
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
11. Kredit yang Diberikan (lanjutan) 11. Loans (continued)
Berikut ini adalah informasi signifikan lainnya The other significant information relating to
sehubungan dengan kredit yang diberikan: loans are as follows: (continued)
(lanjutan)
Manajemen Bank berkeyakinan bahwa The Bank’s management believes that the
jumlah cadangan kerugian penurunan nilai allowance for impairment losses of loans is
adalah cukup untuk menutup kemungkinan adequate to cover any possible losses on
kerugian atas tidak tertagihnya kredit yang uncollectible loans.
diberikan.
l. Keikutsertaan Bank sebagai anggota l. The participation of the Bank as a member of
sindikasi terhadap jumlah seluruh kredit a syndicated loans in the total syndicated
sindikasi yang diberikan berkisar antara loans ranged from 2.50% to 75.00% as of
2,50% sampai dengan 75,00% pada tanggal 31 December 2024 and 2.50% to 75.00% as
31 Desember 2024 dan 2,50% sampai of 31 December 2023.
dengan 75,00% pada tanggal 31 Desember
2023.
m. Pinjaman yang diberikan dinyatakan tidak m. Loans is declared uncollectible so that it will be
tertagih sehingga akan dihapusbukukan written-off if there is a prolonged legal case,
apabila terdapat kasus hukum yang thus preventing the Bank from collecting,
berkepanjangan, sehingga menghalangi and/or making other alternative legal remedies
Bank untuk melakukan penagihan, dan/atau to the debtor and/or its assets.
melakukan upaya hukum alternatif lainnya
kepada debitur dan/atau aset-asetnya.
Dalam hal ini, Bank telah melakukan upaya- In this case, the Bank has performed
upaya penagihan secara maksimal, tetapi maximum effort to collect, but has no
tidak terdapat kemungkinan pengembalian possibility of collection from debtors.
kredit dari debitur.
12. Tagihan atas Surat Berharga yang Dibeli 12. Receivables on Securities Purchased with
dengan Janji Dijual Kembali Agreements to Resell
Tagihan atas surat berharga yang dibeli dengan Receivables on securities purchased with
janji dijual kembali pada tanggal 31 Desember agreements to resell as of 31 December 2024
2024 terdiri dari: consist of:
Jenis obligasi
Nilai Nilai Nilai
pemerintah/ Tanggal Jatuh Nilai beli/
Nasabah/ nominal/ penjualan/ tercatat/
Type of dimulai/ tempo/ Purchase
Counterparty Nominal Resale Carrying
government Start date Due date amount
amount amount value
bonds
Diukur pada nilai wajar At fair value through
melalui laba rugi profit or loss
PT Bank Mandiri 5 Sep 23/ 4 Sep 26/
(Persero) Tbk FR0091 1.654.050 5 Sep 23 4 Sep 26 1.609.491 1.649.089 1.653.008
Total 1.654.050 1.609.491 1.649.089 1.653.008
Pada tanggal 31 Desember 2024, suku bunga As of 31 December 2024, the effective interest rate
efektif untuk tagihan atas surat berharga yang for receivables on securities purchased with
dibeli dengan janji dijual kembali adalah 6,29% agreements to resell is 6.29% for foreign
untuk mata uang asing. currencies.
93
Page 493
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
12. Tagihan atas Surat Berharga yang Dibeli 12. Receivables on Securities Purchased with
dengan Janji Dijual Kembali (lanjutan) Agreements to Resell (continued)
Tagihan atas surat berharga yang dibeli dengan Receivables on securities purchased with
janji dijual kembali pada tanggal 31 Desember agreements to resell as of 31 December 2023
2023 terdiri dari: consist of:
Jenis obligasi
Nilai Nilai Nilai
pemerintah/ Tanggal Jatuh Nilai beli/
Nasabah/ nominal/ penjualan/ tercatat/
Type of dimulai/ tempo/ Purchase
Counterparty Nominal Resale Carrying
government Start date Due date amount
amount amount value
bonds
Diukur pada nilai wajar At fair value through
melalui laba rugi profit or loss
PT Bank Mandiri 5 Sep 23/ 4 Sep 26/
(Persero) Tbk FR0091 1.654.050 5 Sep 23 4 Sep 26 1.539.691 1.571.293 1.582.077
Diukur pada nilai perolehan
yang diamortisasi At amortised cost
17 Feb 23/ 16 Feb 24/
Bank Indonesia VR0049 3.841.000 17 Feb 23 16 Feb 24 3.574.645 3.816.431 3.785.875
24 Feb 23/ 23 Feb 24/
Bank Indonesia VR0094 3.000.000 24 Feb 23 23 Feb 24 2.804.100 2.993.967 2.966.322
18 Ags 23/ 16 Ags 24/
Bank Indonesia VR0063 2.500.000 18 Aug 23 16 Aug 24 2.401.952 2.557.822 2.460.189
4 Ags 23/ 2 Ags 24/
Bank Indonesia VR0071 2.300.000 4 Aug 23 2 Aug 24 2.196.648 2.338.892 2.255.265
24 Mar 23/ 22 Mar 24/
Bank Indonesia VR0046 1.100.000 24 Mar 23 22 Mar 24 1.058.545 1.128.213 1.112.710
27 Jan 23/ 26 Jan 24/
Bank Indonesia VR0070 1.000.000 27 Jan 23 26 Jan 24 954.047 1.018.293 1.013.880
28 Apr 23/ 26 Jan 24/
Bank Indonesia VR0061 1.000.000 28 Apr 23 26 Jan 24 936.428 982.551 978.327
10 Mar 23/ 17 Mei 24/
Bank Indonesia VR0084 1.000.000 10 Mar 23 17 May 24 926.300 989.080 977.524
14 Apr 23/ 12 Jan 24/
Bank Indonesia VR0068 1.000.000 14 Apr 23 12 Jan 24 932.044 977.951 976.101
5 Mei 23/ 3 Mei 24/
Bank Indonesia VR0073 1.000.000 5 May 23 3 May 24 930.473 991.673 970.993
28 Apr 23/ 26 Apr 24/
Bank Indonesia VR0077 1.000.000 28 Apr 23 26 Apr 24 928.831 989.942 970.467
14 Jul 23/ 12 Jul 24/
Bank Indonesia VR0072 1.000.000 14 Jul 23 12 Jul 24 926.140 986.118 954.317
12 Mei 23/ 13 Mei 24/
Bank Indonesia VR0081 500.000 12 May 23 13 May 24 469.247 500.341 489.073
14 Apr 23/ 23 Feb 24/
Bank Indonesia VR0085 500.000 14 Apr 23 23 Feb 24 466.561 497.562 488.632
19 Mei 23/ 17 Mei 24/
Bank Indonesia VR0094 300.000 19 May 23 17 May 24 279.987 298.388 291.462
20 Jan 23/ 19 Jan 24/
Bank Indonesia VR0073 250.000 20 Jan 23 19 Jan 24 250.000 247.728 246.951
17 Feb 23/ 16 Feb 24/
149.254 159.366 158.088
Bank Indonesia VR0080 159.000 17 Feb 23 16 Feb 24
Subtotal/Subtotal 21.450.000 20.185.202 21.474.318 21.096.176
Total 23.104.050 21.724.893 23.045.611 22.678.253
94
Page 494
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
12. Tagihan atas Surat Berharga yang Dibeli 12. Receivables on Securities Purchased with
dengan Janji Dijual Kembali (lanjutan) Agreements to Resell (continued)
Pada tanggal 31 Desember 2023, suku bunga As of 31 December 2023, the effective interest rate
efektif untuk tagihan atas surat berharga yang for receivables on securities purchased with
dibeli dengan janji dijual kembali berkisar antara agreements to resell ranged between 6.25% -
6,25% - 6,80% untuk mata uang Rupiah. 6.80% for Rupiah.
Perubahan nilai tercatat bruto adalah sebagai Movements in the gross carrying amount are as
berikut: follows:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
Nilai tercatat awal Initial carrying amount
31 Desember 2022 2.870.284 - - 2.870.284 31 December 2022
Aset baru 22.678.253 - - 22.678.253 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized or
dilunasi (kecuali hapus buku) (2.870.284) - - (2.870.284) repaid (excluding write-offs)
31 Desember 2023 22.678.253 - - 22.678.253 31 December 2023
Aset baru - - - - New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized or
dilunasi (kecuali hapus buku) (21.096.176) - - (21.096.176) repaid (excluding write-offs)
Pengukuran kembali 70.931 - - 70.931 Remeasurement
31 Desember 2024 1.653.008 - - 1.653.008 31 December 2024
13. Tagihan dan Liabilitas Akseptasi 13. Acceptance Receivables and Payables
Tagihan dan liabilitas akseptasi merupakan Acceptance receivables and payables represent
akseptasi wesel impor atas dasar letters of credit acceptances arising from import bills, supported by
berjangka yang berasal dari nasabah pihak ketiga letters of credit, which are received from third party
dengan rincian berdasarkan: customers, with details as follows:
1. Mata uang 1. Type of currency
a. Tagihan akseptasi a. Acceptance receivables
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Dolar Amerika Serikat 1.876.030 2.060.237 United States Dollar
Rupiah 274.162 214.522 Indonesian Rupiah
Yuan China 153.924 18.442 Chinese Yuan
Yuan China Renminbi 51.936 20.453 Chinese Yuan Renminbi
Euro Eropa 36.347 148.201 European Euro
Yen Jepang 20.183 35.116 Japanese Yen
Dolar Singapura 10.081 11.143 Singapore Dollar
Total 2.422.663 2.508.114 Total
Cadangan kerugian
penurunan nilai (4.782) (9.448) Allowance for impairment losses
Neto 2.417.881 2.498.666 Net
95
Page 495
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
13. Tagihan dan Liabilitas Akseptasi (lanjutan) 13. Acceptance Receivables and Payables
(continued)
Tagihan dan liabilitas akseptasi merupakan Acceptance receivables and payables represent
akseptasi wesel impor atas dasar letters of credit acceptances arising from import bills, supported by
berjangka yang berasal dari nasabah pihak ketiga letters of credit, which are received from third party
dengan rincian berdasarkan: (lanjutan) customers, with details as follows: (continued)
1. Mata uang (lanjutan) 1. Type of currency (continued)
b. Liabilitas akseptasi b. Acceptance payables
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Dolar Amerika Serikat 1.822.554 2.013.861 United States Dollar
Rupiah 211.926 185.580 Rupiah
Yuan China 153.924 4.966 Chinese Yuan
Yuan China Renminbi 51.936 20.453 Chinese Yuan Renminbi
Euro Eropa 36.347 141.062 European Euro
Yen Jepang 20.183 35.116 JapaneseYen
Dolar Singapura 10.081 11.143 Singapore Dollar
Total 2.306.951 2.412.181 Total
2. Jangka waktu 2. Period
a. Tagihan akseptasi a. Acceptance receivables
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Rupiah Rupiah
≤ 1 bulan 51.680 21.427 ≤ 1 month
> 1 bulan ≤ 3 bulan 175.662 88.803 > 1 month ≤ 3 months
> 3 bulan ≤ 6 bulan 46.086 104.292 > 3 months ≤ 6 months
> 6 bulan 734 - > 6 months
274.162 214.522
Mata uang asing Foreign currencies
≤ 1 bulan 74.379 44.309 ≤ 1 month
> 1 bulan ≤ 3 bulan 174.154 250.782 > 1 month ≤ 3 months
> 3 bulan ≤ 6 bulan 1.800.533 1.595.260 > 3 months ≤ 6 months
> 6 bulan 99.435 403.241 > 6 months
2.148.501 2.293.592
Total 2.422.663 2.508.114 Total
Cadangan kerugian
penurunan nilai (4.782) (9.448) Allowance for impairment losses
Neto 2.417.881 2.498.666 Net
96
Page 496
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
13. Tagihan dan Liabilitas Akseptasi (lanjutan) 13. Acceptance Receivables and Payables
(continued)
Tagihan dan liabilitas akseptasi merupakan Acceptance receivables and payables represent
akseptasi wesel impor atas dasar letters of credit acceptances arising from import bills, supported by
berjangka yang berasal dari nasabah pihak ketiga letters of credit, which are received from third party
dengan rincian berdasarkan: (lanjutan) customers, with details as follows: (continued)
2. Jangka waktu (lanjutan) 2. Period (continued)
b. Liabilitas akseptasi b. Acceptance payables
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Rupiah Rupiah
≤ 1 bulan 3.027 4.909 ≤ 1 month
> 1 bulan ≤ 3 bulan 175.662 84.791 > 1 month ≤ 3 months
> 3 bulan ≤ 6 bulan 33.237 95.880 > 3 months ≤ 6 months
> 6 bulan - - > 6 months
211.926 185.580
Mata uang asing Foreign currencies
≤ 1 bulan 74.380 44.309 ≤ 1 month
> 1 bulan ≤ 3 bulan 154.084 227.595 > 1 month ≤ 3 months
> 3 bulan ≤ 6 bulan 1.768.278 1.565.304 > 3 months ≤ 6 months
> 6 bulan 98.283 389.393 > 6 months
2.095.025 2.226.601
Total 2.306.951 2.412.181 Total
Perubahan nilai tercatat bruto adalah sebagai Movements in the gross carrying are as follows:
berikut:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
31 Desember 2022 3.527.843 159.233 - 3.687.076 31 December 2022
Aset baru 2.418.757 81.202 - 2.499.959 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized or
dilunasi (kecuali hapus buku) (3.519.020) (159.232) - (3.678.252) repaid (excluding write-offs)
Pengukuran kembali (669) - - (669) Remeasurement
31 Desember 2023 2.426.911 81.203 - 2.508.114 31 December 2023
Aset baru 2.347.944 68.044 - 2.415.988 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized or
dilunasi (kecuali hapus buku) (2.419.857) (81.203) - (2.501.060) repaid (excluding write-offs)
Pengukuran kembali (379) - - (379) Remeasurement
31 Desember 2024 2.354.619 68.044 - 2.422.663 31 December 2024
97
Page 497
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
13. Tagihan dan Liabilitas Akseptasi (lanjutan) 13. Acceptance Receivables and Payables
(continued)
Perubahan cadangan kerugian penurunan nilai The movements in the allowance for impairment
adalah sebagai berikut: losses are as follows:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
Saldo awal Beginning balance
31 Desember 2022 151 3.726 - 3.877 31 December 2022
Aset baru 98 9.350 - 9.448 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized or
dilunasi (kecuali hapus buku) (151) (3.726) - (3.877) repaid (excluding write-offs)
Pengukuran kembali - - - - Remeasurement
31 Desember 2023 98 9.350 - 9.448 31 December 2023
Aset baru 71 4.711 - 4.782 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized or
dilunasi (kecuali hapus buku) (98) (9.350) - (9.448) repaid (excluding write-offs)
Pengukuran kembali - - - - Remeasurement
31 Desember 2023 71 4.711 - 4.782 31 December 2023
Manajemen Bank berkeyakinan bahwa jumlah The Bank’s management believes that the
cadangan kerugian penurunan nilai yang allowance for impairment losses as of
dibentuk pada tanggal 31 Desember 2024 dan 31 December 2024 and 2023 is adequate to cover
2023, adalah cukup untuk menutup kemungkinan any possible losses on uncollectible acceptance
kerugian atas tidak tertagihnya tagihan akseptasi. receivables.
14. Aset Tetap dan Aset Hak Guna 14. Fixed Assets and Right-of-Use Assets
Akun ini terdiri dari: This account consists of:
Perubahan selama satu tahun/
Changes during the year
Penambahan Pengurangan
Saldo awal/ dan reklasifikasi/ dan reklasifikasi/ Saldo akhir/
Beginning Additions Deductions Ending
31 Desember 2024 balance and reclassification and reclassification balance 31 December 2024
Biaya perolehan Cost
Tanah 115.360 - - 115.360 Land
Bangunan 533.489 29.202 - 562.691 Buildings
Prasarana dan Infrastructure and
peralatan kantor 3.293.183 648.438 93.999 3.847.622 office equipments
Kendaraan 8.800 - 574 8.226 Vehicles
Aset dalam proses
pembangunan 619.472 231.443 43.531 807.384 Construction in progress
Total biaya perolehan Total cost of
aset tetap 4.570.304 909.083 138.104 5.341.283 fixed assets
Aset hak guna 317.020 41.565 36.202 322.383 Right-of-use assets
Total biaya perolehan Total cost of
aset tetap dan fixed assets and
aset hak guna 4.887.324 950.648 174.306 5.663.666 right-of-use assets
98
Page 498
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
14. Aset Tetap dan Aset Hak Guna (lanjutan) 14. Fixed Assets and Right-of-Use Assets
(continued)
Akun ini terdiri dari: (lanjutan) This account consists of: (continued)
Perubahan selama satu tahun/
Changes during the year
Penambahan Pengurangan
Saldo awal/ dan reklasifikasi/ dan reklasifikasi/ Saldo akhir/
Beginning Additions Deductions Ending
31 Desember 2024 balance and reclassification and reclassification balance 31 December 2024
Akumulasi penyusutan Accumulated depreciation
Bangunan 407.473 24.606 - 432.079 Buildings
Prasarana dan Infrastructure and
peralatan kantor 1.699.687 480.341 49.104 2.130.924 office equipments
Kendaraan 8.800 - 574 8.226 Vehicles
2.115.960 504.947 49.678 2.571.229
Aset hak guna 86.592 96.579 30.350 152.821 Right-of-use assets
Total akumulasi penyusutan 2.202.552 601.526 80.028 2.724.050 Total accumulated depreciation
Nilai buku - neto 2.684.772 2.939.616 Book value - net
Perubahan selama satu tahun/
Changes during the year
Penambahan Pengurangan
Saldo awal/ dan reklasifikasi/ dan reklasifikasi/ Saldo akhir/
Beginning Additions Deductions Ending
31 Desember 2023 balance and reclassification and reclassification balance 31 December 2023
Biaya perolehan Cost
Tanah 116.530 - 1.170 115.360 Land
Bangunan 535.662 - 2.173 533.489 Buildings
Prasarana dan Infrastructure and
peralatan kantor 2.238.755 1.146.883 92.455 3.293.183 office equipments
Kendaraan 8.908 - 108 8.800 Vehicles
Aset dalam proses
pembangunan 230.103 620.953 231.584 619.472 Construction in progress
Total biaya perolehan Total cost of
aset tetap 3.129.958 1.767.836 327.490 4.570.304 fixed assets
Aset hak guna 208.078 172.832 63.890 317.020 Right-of-use assets
Total biaya perolehan Total cost of
aset tetap dan fixed assets and
aset hak guna 3.338.036 1.940.668 391.380 4.887.324 right-of-use assets
Akumulasi penyusutan Accumulated depreciation
Bangunan 386.073 23.573 2.173 407.473 Buildings
Prasarana dan Infrastructure and
peralatan kantor 1.444.306 346.423 91.042 1.699.687 office equipments
Kendaraan 8.908 - 108 8.800 Vehicles
1.839.287 369.996 93.323 2.115.960
Aset hak guna 90.722 59.372 63.502 86.592 Right-of-use assets
Total akumulasi penyusutan 1.930.009 429.368 156.825 2.202.552 Total accumulated depreciation
Nilai buku - neto 1.408.027 2.684.772 Book value - net
99
Page 499
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
14. Aset Tetap dan Aset Hak Guna (lanjutan) 14. Fixed Assets and Right-of-Use Assets
(continued)
Rincian aset dalam proses pembangunan beserta The details of the construction in progress with the
persentase penyelesaian terhadap nilai kontrak percentage of completion of the contract values are
adalah sebagai berikut: as follows:
31 Desember/31 December 2024
Persentase Akumulasi Estimasi
penyelesaian/ biaya/ penyelesaian/
Percentage of Accumulated Estimated of
completion cost completion
Prasarana 34% 5.901 2025 Infrastructure
Peralatan kantor 37% 801.483 2025 Office equipment
807.384
31 Desember/31 December 2023
Persentase Akumulasi Estimasi
penyelesaian/ biaya/ penyelesaian/
Percentage of Accumulated Estimated of
completion cost completion
Prasarana 55% 49.432 2024 Infrastructure
Peralatan kantor 41% 570.040 2024 Office equipment
619.472
Seluruh aset tetap yang dimiliki oleh Bank berasal All fixed assets owned by the Bank are from direct
dari kepemilikan langsung. ownership.
Nilai tercatat bruto dari aset tetap yang telah Gross carrying amount of fixed assets which were
disusutkan penuh dan masih digunakan adalah fully depreciated and still used are as follows:
sebagai berikut:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Bangunan 80.081 63.374 Buildings
Prasarana dan peralatan kantor 1.098.831 853.601 Infrastructure and office equipment
Kendaraan 8.226 8.800 Vehicles
Total 1.187.138 925.775 Total
Rekonsiliasi penambahan aset tetap yang Reconciliations of addition to fixed assets which
berasal dari pembelian dan reklasifikasi adalah comes from purchase and reclassification are as
sebagai berikut: follows:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Penambahan melalui pembelian Addition through purchase of
aset tetap 865.552 1.464.983 fixed assets
Penambahan melalui akuisisi bisnis Addition through consumer banking business
consumer banking Citi - 71.269 acquisition of Citi
Penambahan aset tetap melalui Addition of fixed assets
reklasifikasi aset dalam through reclassification of
proses pembangunan 43.531 231.584 construction in progress
Penambahan aset hak guna 41.565 172.832 Addition of right-of-use assets
Total 950.648 1.940.668 Total
100
Page 500
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
14. Aset Tetap dan Aset Hak Guna (lanjutan) 14. Fixed Assets and Right-of-Use Assets
(continued)
Rekonsiliasi pengurangan aset tetap yang Reconciliations of deduction to fixed assets which
berasal dari penjualan dan reklasifikasi adalah comes from disposal and reclassification are as
sebagai berikut: follows:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Pengurangan melalui penjualan Deduction through sale of
aset tetap 28.108 25.920 fixed assets
Penghapusan aset tetap 66.465 66.643 Write-off of fixed assets
Pengurangan aset dalam proses
pembangunan melalui Deduction of construction in progress
reklasifikasi aset tetap 43.531 231.584 through reclassification
Pengurangan aset hak guna 36.202 63.890 Deduction of right-of-use assets
Reklasifikasi ke properti terbengkalai - 3.343 Reclassification to abandoned property
Total 174.306 391.380 Total
Penyusutan yang dibebankan pada laporan laba Depreciation charged to statement of profit or loss
rugi dan penghasilan komprehensif lain masing- and other comprehensive income amounting to
masing sebesar Rp601.526 dan Rp429.368 untuk Rp601,526 and Rp429,368 for the years ended
tahun yang berakhir pada tanggal 31 Desember 31 December 2024 and 2023, respectively
2024 dan 2023 (Catatan 30). (Note 30).
Manajemen Bank juga berpendapat bahwa tidak The Bank’s management believes that there is no
terdapat penurunan nilai atas aset tetap tersebut impairment that should be recorded in value of the
yang harus dicatat pada tanggal 31 Desember aforementioned fixed assets as of 31 December
2024 dan 2023. 2024 and 2023, respectively.
Seluruh aset tetap (kecuali tanah) diasuransikan All fixed assets (except land) are covered by
terhadap risiko kebakaran dan risiko lainnya insurance against fire and other risks under blanket
berdasarkan paket polis tertentu kepada policies with the Bank’s third party insurance
perusahaan asuransi pihak ketiga Bank yaitu company which is PT Zurich Asuransi
PT Zurich Asuransi Indonesia, Tbk dengan nilai Indonesia, Tbk. with sum insured amounting to
pertanggungan sebesar Rp3.248.574 ditambah Rp3,248,574 added with USD29.40 and
dengan USD29,40 dan Rp1.895.619 ditambah Rp1,895,619 added with USD27.97 as of
dengan USD27,97 masing-masing pada tanggal 31 December 2024 and 2023, respectively. The
31 Desember 2024 dan 2023. Manajemen Bank Bank’s management believes that insurance
berkeyakinan bahwa nilai pertanggungan coverage is adequate to cover possible losses
asuransi telah mencukupi untuk menutupi arising from such risks.
kemungkinan kerugian dari risiko yang ada.
Hasil penjualan aset tetap adalah masing-masing The proceeds from the sale of fixed assets
sebesar Rp1.647 dan Rp4.926 untuk tahun yang amounting to Rp1,647 and Rp4,926 for the years
berakhir pada tanggal 31 Desember 2024 dan ended 31 December 2024 dan 2023, respectively.
2023.
Nilai buku aset tetap yang dijual adalah masing- Book value from the sale of fixed assets amounting
masing sebesar Rp812 dan Rp927 untuk tahun to Rp812 and Rp927 for the years ended
yang berakhir pada tanggal 31 Desember 2024 31 December 2024 and 2023, respectively.
dan 2023.
101
Page 501
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
14. Aset Tetap dan Aset Hak Guna (lanjutan) 14. Fixed Assets and Right-of-Use Assets
(continued)
Keuntungan atas penjualan aset tetap masing- The related profit on sales of fixed assets of Rp835
masing sebesar Rp835 dan Rp3.999 untuk tahun and Rp3,999 for the years ended
yang berakhir pada tanggal 31 Desember 2024 31 December 2024 and 2023, respectively are
dan 2023 dibukukan sebagai bagian dari presented as part of “Non-operating income - gain
“Pendapatan non-operasional - keuntungan on sale of fixed assets, foreclosed assets and
penjualan aset tetap, agunan yang diambil alih abandoned properties - net” during the year.
dan properti terbengkalai - neto” selama tahun
berjalan.
Aset hak guna pada tanggal 31 Desember 2024 Right-of-use assets as of 31 December 2024 as
adalah sebagai berikut: follows:
Penambahan Pengurangan
Saldo awal/ dan reklasifikasi/ dan reklasifikasi/ Saldo akhir/
Beginning Additions Deductions Ending
balance and reclassification and reclassification balance
Biaya perolehan Cost
Bangunan 303.123 40.358 35.883 307.598 Buildings
Kendaraan 13.897 1.207 319 14.785 Vehicles
Total biaya perolehan 317.020 41.565 36.202 322.383 Total cost
Akumulasi penyusutan Accumulated depreciation
Bangunan 82.463 92.550 30.100 144.913 Buildings
Kendaraan 4.129 4.029 250 7.908 Vehicles
Total akumulasi penyusutan 86.592 96.579 30.350 152.821 Total accumulated depreciation
Nilai buku - neto 230.428 169.562 Book value - net
Aset hak guna pada tanggal 31 Desember 2023 Right-of-use assets as of 31 December 2023 as
adalah sebagai berikut: follows:
Penambahan Pengurangan
Saldo awal/ dan reklasifikasi/ dan reklasifikasi/ Saldo akhir/
Beginning Additions Deductions Ending
balance and reclassification and reclassification balance
Biaya perolehan Cost
Bangunan 155.622 166.400 18.899 303.123 Buildings
Kendaraan 52.456 6.432 44.991 13.897 Vehicles
Total biaya perolehan 208.078 172.832 63.890 317.020 Total cost
Akumulasi penyusutan Accumulated depreciation
Bangunan 53.878 47.244 18.659 82.463 Buildings
Kendaraan 36.844 12.128 44.843 4.129 Vehicles
Total akumulasi penyusutan 90.722 59.372 63.502 86.592 Total accumulated depreciation
Nilai buku - neto 117.356 230.428 Book value - net
Bank menyewa beberapa aset termasuk gedung The Bank had rent a number of assets including
kantor, rumah dinas, kendaraan dan lain-lain. offices, official houses, vehicles and others.
Bank menyewa beberapa aset termasuk The Bank leases several assets including buildings
bangunan dengan jangka waktu sewa 2-10 tahun with lease term of 2-10 years and car with lease
dan kendaraan mobil dengan jangka waktu sewa terms of 2-4 years.
2-4 tahun.
Bank mempunyai sewa tertentu dengan masa The Bank also has certain leases with lease terms
sewa 12 bulan atau kurang dan sewa bernilai of 12 months or less and low value assets. The
rendah. Bank menerapkan pengecualian Bank applies the recognition exemptions of short-
pengakuan sewa jangka pendek dan sewa term leases and low-value assets for these leases.
bernilai rendah untuk sewa tersebut.
102
Page 502
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
15. Aset Lain-lain 15. Other Assets
Akun ini terdiri dari: This account consists of:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Piutang bunga 1.139.161 980.544 Interest receivables
Term Deposit Valas Term Deposit
hasil ekspor (TD Valas DHE SDA) with Bank Indonesia
Bank Indonesia 812.798 739.056 in foreign currency from DHE SDA
Biaya dibayar di muka 253.678 197.791 Prepaid expense
Uang muka PPh pasal 28 (Catatan 21) 166.741 - Prepaid income tax art 28 (Notes 21)
Agunan yang diambil alih Foreclosed assets
(setelah dikurangi cadangan (net of allowance for declining
penurunan nilai masing-masing sebesa r in value of Rp34,179 and Rp28,691
Rp34.179 dan Rp28.691 pada tanggal as of 31 December 2024 and
31 Desember 2024 dan 2023) 149.034 157.602 2023, respectively)
ATM bersama 80.035 75.756 ATM Bersama
Uang muka 84.953 45.527 Advances
Properti terbengkalai 28.534 28.689 Abandoned property
Setoran jaminan 2.708 2.819 Security deposits
Lain-lain 441.821 422.493 Others
Neto 3.159.463 2.650.277 Net
Ikhtisar perubahan cadangan kerugian The changes in the allowance for the decline in
penurunan nilai agunan yang diambil alih adalah value of foreclosed assets are as follows:
sebagai berikut:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Saldo awal tahun 28.691 28.709 Beginning balance
Penambahan/(pemulihan) Additional/(reversal)
selama tahun berjalan 5.488 (18) during the year
Saldo akhir tahun 34.179 28.691 Ending balance
Manajemen Bank berkeyakinan bahwa jumlah The Bank’s management believes that the
cadangan kerugian penurunan nilai atas agunan allowance for the decline in value of foreclosed
yang diambil alih telah memadai dan nilai tercatat assets is adequate and the carrying value of
agunan yang diambil alih tersebut merupakan foreclosed assets is stated at net realizable value.
nilai bersih yang dapat direalisasi.
Manajemen Bank berkeyakinan bahwa jumlah The Bank’s management believes that no
cadangan kerugian penurunan nilai atas properti allowance for the decline in value of abandoned
terbengkalai tidak diperlukan. property is necessary.
Term Deposit Valas Devisa Hasil Ekspor Term Deposits of Foreign Exchange from Export
merupakan suatu instrumen dimana dana devisa Proceeds is an instrument where foreign
hasil ekspor dari rekening khusus eksportir exchange from export proceeds from exporters’
ditempatkan pada Bank Indonesia melalui special account are placed in Bank Indonesia
rekening Bank sesuai mekanisme pasar. through Bank’s accounts in accordance with
market mechanisms.
103
Page 503
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
16. Liabilitas Segera 16. Current Liabilities
Akun ini adalah sebesar Rp504.053 dan This account amounting to Rp504,053 and
Rp475.355 masing-masing pada tanggal Rp475,355 as of 31 December 2024 and 2023,
31 Desember 2024 dan 2023 terdiri dari kiriman respectively represents cash remittances/draft
uang/wesel akan dibayar, titipan dana nasabah, payables, customers’ funds, unsettled
transaksi kliring/transfer yang belum diselesaikan clearing/transfer transactions and other short-term
dan liabilitas-liabilitas jangka pendek lainnya. liabilities.
17. Giro 17. Demand Deposits
Akun ini terdiri dari: This account consists of:
31 Desember/31 December 2024
Mata uang
asing/
Foreign
Rupiah currencies Total
Pihak ketiga 29.015.196 2.948.349 31.963.545 Third parties
Pihak berelasi (Catatan 37) 170.905 - 170.905 Related parties (Note 37)
Total 29.186.101 2.948.349 32.134.450 Total
31 Desember/31 December 2023
Mata uang
asing/
Foreign
Rupiah currencies Total
Pihak ketiga 22.212.020 1.319.858 23.531.878 Third parties
Pihak berelasi (Catatan 37) 169.624 - 169.624 Related parties (Note 37)
Total 22.381.644 1.319.858 23.701.502 Total
Giro dalam mata uang asing terdiri dari Dolar Demand deposits in foreign currencies consist of
Singapura, Dolar Amerika Serikat dan Yuan Singapore Dollar, United States Dollar and Chinese
China Renminbi. Yuan Renminbi.
Suku bunga rata-rata untuk giro adalah sebagai The average interest rates for demand deposits are
berikut: as follows:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Rupiah 3,69% 2,69% Rupiah
Mata uang asing 2,58% 0,21% Foreign currencies
Giro sejumlah Rp885.018 dan Rp655.364 Demand deposits amounting to Rp885,018 and
masing-masing pada tanggal 31 Desember 2024 Rp655,364 as of 31 December 2024 and 2023,
dan 2023 digunakan sebagai jaminan atas kredit respectively are pledged as collateral for loans and
yang diberikan dan fasilitas bank lainnya (Catatan other bank facilities (Note 11).
11).
Tidak terdapat kredit kepada pihak berelasi yang There are no loan facilities to related parties which
dijaminkan dengan giro. are secured with demand deposits as collateral.
104
Page 504
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
18. Tabungan 18. Saving Deposits
Akun ini terdiri dari: This account consists of:
31 Desember/31 December 2024
Mata uang
asing/
Foreign
Rupiah currencies Total
Pihak ketiga 11.454.070 23.489.706 34.943.776 Third parties
Pihak berelasi (Catatan 37) 103.869 28.259 132.128 Related parties (Note 37)
Total 11.557.939 23.517.965 35.075.904 Total
31 Desember/31 December 2023
Mata uang
asing/
Foreign
Rupiah currencies Total
Pihak ketiga 11.908.663 25.466.925 37.375.588 Third parties
Pihak berelasi (Catatan 37) 93.145 17.643 110.788 Related parties (Note 37)
Total 12.001.808 25.484.568 37.486.376 Total
Tabungan dalam mata uang asing terdiri dari Saving deposits in foreign currencies consist of
Pound Sterling Inggris, Euro Eropa, Franc Swiss, Great Britain Pound Sterling, European Euro,
Dolar Australia, Dolar Amerika, Dolar Kanada, Swiss Franc, Australian Dollar, United States
Dolar Selandia Baru, Dolar Singapura, Dolar Dollar, Canadian Dollar, New Zealand Dollar,
Hong Kong, Yen Jepang dan Krona Swedia. Singapore Dollar, Hong Kong Dollar, Japanese Yen
and Swedish Krona.
Suku bunga rata-rata untuk tabungan adalah The average interest rates for saving deposits are
sebagai berikut: as follows:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Rupiah 1,52% 1,57% Rupiah
Mata uang asing 2,54% 2,16% Foreign currencies
Tabungan sejumlah Rp296.619 dan Rp1.063.347 Saving deposits amounting to Rp296,619 and
masing-masing pada tanggal 31 Desember 2024 Rp1,063,347 as of 31 December 2024 and 2023,
dan 2023 digunakan sebagai jaminan atas kredit respectively are pledged as collateral for loans
yang diberikan (Catatan 11). (Note 11).
Tidak terdapat kredit kepada pihak berelasi yang There are no loan facilities to related parties which
dijaminkan dengan tabungan. are secured with saving deposits as collateral.
105
Page 505
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
19. Deposito Berjangka 19. Time Deposits
Akun ini terdiri dari: This account consists of:
31 Desember/31 December 2024
Mata uang
asing/
Foreign
Rupiah currencies Total
Pihak ketiga 39.262.874 10.293.037 49.555.911 Third parties
Pihak berelasi (Catatan 37) 94.880 50.605 145.485 Related parties (Note 37)
Total 39.357.754 10.343.642 49.701.396 Total
31 Desember/31 December 2023
Mata uang
asing/
Foreign
Rupiah currencies Total
Pihak ketiga 43.970.624 13.951.421 57.922.045 Third parties
Pihak berelasi (Catatan 37) 123.703 48.915 172.618 Related parties (Note 37)
Total 44.094.327 14.000.336 58.094.663 Total
Rincian deposito berjangka berdasarkan jangka The details of time deposits based on contractual
waktu kontrak adalah sebagai berikut: maturities are as follows:
31 Desember/31 December 2024
Mata uang
asing/
Foreign
Rupiah currencies Total
≤ 1 bulan 402.053 69.343 471.396 ≤ 1 bulan
> 1 bulan ≤ 3 bulan 12.761.028 4.944.104 17.705.132 > 1 month ≤ 3 months
> 3 bulan ≤ 6 bulan 12.686.305 3.922.396 16.608.701 > 3 months ≤ 6 months
> 6 bulan 13.508.368 1.407.799 14.916.167 > 6 months
Total 39.357.754 10.343.642 49.701.396 Total
31 Desember/31 December 2023
Mata uang
asing/
Foreign
Rupiah currencies Total
≤ 1 bulan 1.524.009 852.702 2.376.711 ≤ 1 bulan
> 1 bulan ≤ 3 bulan 12.498.388 5.033.229 17.531.617 > 1 month ≤ 3 months
> 3 bulan ≤ 6 bulan 16.388.715 4.997.495 21.386.210 > 3 months ≤ 6 months
> 6 bulan 13.683.215 3.116.910 16.800.125 > 6 months
.
Total 44.094.327 14.000.336 58.094.663 Total
106
Page 506
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
19. Deposito Berjangka (lanjutan) 19. Time Deposits (continued)
Rincian deposito berjangka berdasarkan sisa The details of time deposits based on remaining
umur sampai tanggal jatuh tempo adalah sebagai maturities are as follows:
berikut:
31 Desember/31 December 2024
Mata uang
asing/
Foreign
Rupiah currencies Total
≤ 1 bulan 16.858.407 4.870.310 21.728.717 ≤ 1 month
> 1 bulan ≤ 3 bulan 13.403.973 4.664.161 18.068.134 > 1 month ≤ 3 months
> 3 bulan ≤ 6 bulan 6.623.333 580.237 7.203.570 > 3 months ≤ 6 months
> 6 bulan ≤ 12 bulan 2.380.420 219.617 2.600.037 > 6 months ≤ 12 months
> 12 bulan 91.621 9.317 100.938
Total 39.357.754 10.343.642 49.701.396 Total
31 Desember/31 December 2023
Mata uang
asing/
Foreign
Rupiah currencies Total
≤ 1 bulan 20.218.376 6.512.454 26.730.830 ≤ 1 month
> 1 bulan ≤ 3 bulan 15.850.258 5.129.101 20.979.359 > 1 month ≤ 3 months
> 3 bulan ≤ 6 bulan 6.771.116 1.249.415 8.020.531 > 3 months ≤ 6 months
> 6 bulan ≤ 12 bulan 1.174.337 1.081.924 2.256.261 > 6 months ≤ 12 months
> 12 bulan 80.240 27.442 107.682
.
Total 44.094.327 14.000.336 58.094.663 Total
Deposito berjangka dalam mata uang asing terdiri Time deposits in foreign currencies consist of Great
dari Pound Sterling Inggris, Euro Eropa, Dolar Britain Pound Sterling, European Euro, Australian
Australia, Dolar Amerika, Dolar Singapura, Yen Dollar, United States Dollar, Singapore Dollar,
Jepang dan Dolar Hong Kong. Japanese Yen and Hong Kong Dollar.
Deposito berjangka sejumlah Rp9.688.236 dan Time deposits amounting to Rp9,688,236 and
Rp8.442.844 masing-masing pada tanggal Rp8,442,844 as of 31 December 2024 and 2023,
31 Desember 2024 dan 2023 digunakan sebagai respectively are pledged as collateral for loans
jaminan atas kredit yang diberikan (Catatan 11). (Note 11).
Suku bunga rata-rata untuk deposito berjangka The average interest rates for time deposits are as
adalah sebagai berikut: follows:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Rupiah 4,98% 4,44% Rupiah
Mata uang asing 4,02% 2,98% Foreign currencies
107
Page 507
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
20. Simpanan dari Bank Lain 20. Deposits from Other Banks
Simpanan dari bank lain berdasarkan jenis dan Deposits from other banks based on type and
mata uang terdiri dari: currency consist of:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Rupiah Rupiah
Call Money 1.940.000 1.265.000 Call Money
Giro 55.729 107.187 Demand deposits
Deposito berjangka 19.500 9.400 Time deposits
Tabungan 9.367 9.959 Saving deposits
2.024.596 1.391.546
Mata uang asing Foreign currency
Call Money 2.414.250 - Call Money
Tabungan 1.413 7.213 Saving deposits
Total 4.440.259 1.398.759 Total
Simpanan dari bank lain berdasarkan hubungan Deposits from other banks based on their
transaksi dengan Bank terdiri dari: relationship transaction with the Bank consist of:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Rupiah Rupiah
Pihak ketiga 2.014.865 1.331.108 Third parties
Pihak berelasi (Catatan 37) 9.731 60.438 Related parties (Note 37)
2.024.596 1.391.546
Mata uang asing Foreign currency
Pihak ketiga 1.413 7.213 Third parties
Pihak berelasi (Catatan 37) 2.414.250 - Related parties (Note 37)
Total 4.440.259 1.398.759 Total
Jangka waktu simpanan dari bank lain dalam The terms of deposits from other banks in time
deposito berjangka dan call money adalah kurang deposits and call money are less than one year.
dari satu tahun.
Tidak terdapat simpanan dari bank lain yang There are no deposits from other banks which are
diblokir atau dijaminkan pada tanggal blocked or collateralized as of 31 December 2024
31 Desember 2024 dan 2023. and 2023, respectively.
Kisaran suku bunga rata-rata tahunan untuk The range of average annual interest rates for
simpanan dari bank lain adalah sebagai berikut: deposits from other banks are as follows:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Rupiah 0,00% - 6,87% 0,00% - 6,02% Rupiah
Mata uang asing 0,00% - 3,19% 0,00% - 5,26% Foreign currency
108
Page 508
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
21. Perpajakan 21. Taxation
Utang pajak terdiri dari: Tax payables consists of:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Utang pajak penghasilan Income tax payables
Pasal 4 (2) 73.077 81.368 Article 4 (2)
Pasal 21 20.725 52.600 Article 21
Pasal 23 dan 26 2.881 25.884 Article 23 and 26
Pasal 25 - 708 Article 25
Pasal 29 - 3.617 Article 29
Pajak Pertambahan Nilai 8.528 6.673 Value Added Taxes
Total utang pajak 105.211 170.850 Total tax payables
Rekonsiliasi antara laba sebelum beban pajak The reconciliations between income before tax
menurut laporan laba rugi dan penghasilan expense, as shown in the statement of profit or loss
komprehensif lain dengan penghasilan kena and other comprehensive income, and taxable
pajak untuk tahun yang berakhir pada tanggal income for the years ended 31 December 2024 and
31 Desember 2024 dan 2023 adalah sebagai 2023 are as follows:
berikut:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Laba sebelum beban pajak Income before tax expense
sebagaimana disajikan dalam as stated in the statement of
laporan laba rugi dan penghasilan profit or loss and
komprehensif lain 565.040 911.689 other comprehensive income
Beda temporer: Temporary differences:
Penyusutan aset tetap (178.103) (137.426) Depreciation of fixed assets
Cadangan atas imbalan kerja 51.042 80.894 Provision for employees’ benefits
Pembentukan cadangan Provision for allowance for
atas kerugian penurunan nilai impairment losses on earning
aset produktif dan non-produktif (2.168.756) (42.590) assets and non-earning assets
Pembentukan cadangan atas Provision for credit card
point rewards kartu kredit 28.453 21.542 reward points
Kerugian/(keuntungan) yang belum
direalisasi atas efek-efek yang Unrealized loss/(gain) on trading
diperdagangkan - neto 20.023 (13.035) securities – net
Amortisasi aset tak berwujud (19.458) (5.500) Amortization of intangible assets
Penyusutan aset hak guna 2.271 2.400 Depreciation of right-of-use assets
Kerugian/(keuntungan) penjualan Loss/(gain) on sale
aset tetap - neto (33.364) 1.085 of fixed assets - net
Pembentukan atas cadangan
penurunan nilai agunan Provision for decline in value
yang diambil alih 5.488 215 of foreclosed assets
Lain-lain (12.573) (8.827) Others
Beda tetap: Permanent differences:
Keuntungan penjualan aset tetap dan Gain on sale of fixed assets
properti terbengkalai - neto (516) (3.533) and abandoned properties - net
Lain-lain - neto 85.120 121.436 Others - net
(Kerugian)/penghasilan kena pajak
- Bank (1.655.333) 928.350 Taxable (loss)/income - Bank
109
Page 509
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
21. Perpajakan (lanjutan) 21. Taxation (continued)
Perhitungan beban pajak tahun berjalan dan The computation of current tax expense and
beban pajak tangguhan - neto untuk tahun yang deferred tax expense - net for the year ended
berakhir pada tanggal 31 Desember 2024 dan 31 December 2024 dan 2023 are as follows:
2023 adalah sebagai berikut:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Penghasilan kena pajak (1.655.333) 928.350 Taxable income
Beban pajak penghasilan
- tahun berjalan - 204.237 Income tax expense - current
Beban pajak penghasilan - tangguhan: Income tax expense - deferred:
Penyusutan aset tetap 39.183 30.234 Depreciation of fixed assets
Cadangan atas imbalan kerja - neto (11.229) (17.797) Provision for employees’ benefits - net
Pembentukan cadangan atas Provision for impairment
kerugian penurunan nilai losses on earning assets
aset produktif dan non-produktif 477.126 9.370 and non-earning assets
Pembentukan cadangan atas Provision for credit card
reward points kartu kredit (6.260) (4.739) reward points
(Keuntungan)/kerugian yang belum
direalisasi atas efek-efek yang Unrealized (gain)/loss on trading
diperdagangkan - neto (4.405) 2.868 securities - net
Amortisasi aset tak berwujud 4.281 1.210 Amortization of intangible assets
Penyusutan aset hak guna (500) (528) Depreciation of right-of-use assets
Keuntungan penjualan
aset tetap - neto 7.340 (239) Gain on sale of fixed assets - net
Pembentukan atas penurunan Provision for decline
nilai agunan yang diambil alih (1.207) (47) in value of foreclosed assets
Kerugian pajak (364.173) - Tax loss
Lain-lain 2.766 1.942 Others
Manfaat pajak tangguhan Deferred tax
- neto 142.922 22.274 income - net
Beban pajak kini - periode lalu dari Current tax expense - prior year tax
hasil pemeriksaan pajak 15.878 - assessment result
Penyesuaian - (10.215) Adjustment
Beban pajak - neto 158.800 236.726 Tax expense - net
Rekonsiliasi antara beban pajak yang dihitung The reconciliations between tax expense
dengan menggunakan tarif pajak yang berlaku calculated by using the applicable tax rate from
dari laba sebelum beban pajak, dengan beban income before tax expense, and tax expense
pajak seperti yang disajikan dalam laporan laba presented in the statement of profit or loss and
rugi dan penghasilan komprehensif lain untuk other comprehensive income for the years ended
tahun yang berakhir pada tanggal 31 Desember 31 December 2024 and 2023 are as follows:
2024 dan 2023 adalah sebagai berikut:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Laba sebelum beban pajak 565.040 911.689 Income before tax expense
Beban pajak penghasilan berdasarkan
tarif pajak yang berlaku 124.309 200.572 Income tax expense at applicable tax rate
110
Page 510
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
21. Perpajakan (lanjutan) 21. Taxation (continued)
Rekonsiliasi antara beban pajak yang dihitung The reconciliations between tax expense
dengan menggunakan tarif pajak yang berlaku calculated by using the applicable tax rate from
dari laba sebelum beban pajak, dengan beban income before tax expense, and tax expense
pajak seperti yang disajikan dalam laporan laba presented in the statement of profit or loss and
rugi dan penghasilan komprehensif lain untuk other comprehensive income for the years ended
tahun yang berakhir pada tanggal 31 Desember 31 December 2024 and 2023 are as follows:
2024 dan 2023 adalah sebagai berikut: (lanjutan) (continued)
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Pengaruh beda tetap atas beban Effects of permanent differences on
pajak penghasilan: income tax expense:
Keuntungan penjualan aset tetap Gain on sale of fixed assets
dan properti terbengkalai - neto (114) (777) and abandoned properties - net
Lain-lain - neto 18.727 26.716 Others - net
142.922 226.511
Beban pajak kini - periode lalu dari Current income tax expenses -
hasil pemeriksaan pajak 15.878 - prior tax assessment result
Penyesuaian - 10.215 Adjustment
Beban pajak - neto 158.800 236.726 Tax expense - net
Pada bulan November 2024, Bank menerima In November 2024, the Bank received tax
Surat Ketetapan Pajak Kurang Bayar (“SKPKB”) underpayment letter (“SKPKB”) in relation to tax
terkait pemeriksaan tahun fiskal 2019 atas Pajak audit for fiscal year 2019 for income tax articles 25
Penghasilan Pasal 25 dan 29 sebesar Rp22.813 and 29 of Rp22,813 (including administration
(termasuk sanksi administrasi). charges).
Menteri Keuangan Republik Indonesia The Minister of Finance of the Republic of
menerbitkan Peraturan Menteri Keuangan (PMK) Indonesia ussed Minister of Finance Regulation
No. 74 pada tanggal 10 Oktober 2024. (PMK) No. 74 on 10 October 2024. Based on this
Berdasarkan peraturan tersebut, Bank harus regulation, the Bank must calculate reserves for
menghitung cadangan piutang tak tertagih sesuai bad debts in accordance with certain limits
dengan batasan tertentu yang diatur di dalam regulated in PMK 74 starting 1 January 2024. On
PMK 74 mulai tanggal 1 Januari 2024. Pada January 1, 2024, there is a short value of reserves
tanggal 1 Januari 2024, terdapat selisih kurang per fiscal amounting to Rp2,045,100. In
nilai cadangan per fiskal sebesar Rp2.045.100. accordance with the provisions in PMK 74, the
Sesuai dengan ketentuan di dalam PMK 74, Bank Bank decided to charge the excess in the 2024
memutuskan untuk membebankan selisih lebih income tax calculation.
tersebut di dalam pajak penghasilan tahun 2024.
Perhitungan beban pajak - tahun berjalan dan The computations of tax expense - current and
utang pajak penghasilan adalah sebagai berikut: income tax payables are as follows:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Beban pajak penghasilan - tahun berjalan - 204.237 Tax expense - current
Pembayaran pajak penghasilan di muka (166.741) (200.620) Pre-payments of income taxes
(Prepaid) tax expenses/
(Uang muka)/utang pajak penghasilan (166.741) 3.617 income tax payables
111
Page 511
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
21. Perpajakan (lanjutan) 21. Taxation (continued)
Rincian aset pajak tangguhan adalah sebagai The details of deferred tax assets are as follows:
berikut:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Cadangan kerugian penurunan Allowance for impairment losses on
nilai aset produktif dan non-produktif 184.498 661.624 earning assets and non-earning assets
Liabilitas atas imbalan kerja 96.557 75.762 Liability for employees’ benefits
Penyusutan aset tetap (101.018) (61.835) Depreciation of fixed assets
Kerugian/(keuntungan) yang belum
direalisasi atas efek-efek yang Unrealized loss/(gain) on
diukur pada nilai wajar melalui measured at fair value through
penghasilan komprehensif lain 67.540 25.912 other comprehensive income
Pembentukan cadangan atas Provision for credit card
reward points kartu kredit 28.816 22.556 reward points
Cadangan penurunan nilai agunan Allowance for decline in value of
yang diambil alih 7.650 6.442 foreclosed assets
Kerugian/(keuntungan) yang belum
direalisasi atas efek-efek Unrealized loss/(gain) on trading
yang diperdagangkan - neto 1.708 (2.697) securities - net
Penyusutan aset hak guna 2.515 2.015 Depreciation of right-of-use assets
Amortisasi aset tak berwujud (5.491) (1.210) Amortization of intangible assets
Keuntungan penjualan aset tetap (7.817) (477) Gain on sale of fixed assets - net
Lain-lain 2.701 5.468 Others
Kerugian pajak 364.173 - Tax loss
Total 641.832 733.560 Total
Perhitungan Pajak Penghasilan Badan untuk The calculations of Corporate Income Tax for the
tahun yang berakhir tanggal 31 Desember 2024 year ended 31 December 2024 are estimated
adalah estimasi untuk pengisian SPT Tahunan numbers for 2024 Annual Tax Return and 2023
2024 dan perhitungan Pajak Penghasilan Badan Corporate Income Tax which conform to the Bank’s
2023 adalah sesuai dengan SPT Tahunan Bank. Annual Tax Return.
Pajak penghasilan badan Bank untuk tahun yang The Bank's corporate income tax for the year
berakhir pada tanggal 31 Desember 2024 dan ended 31 December 2024 and 2023 are calculated
31 Desember 2023 masing-masing telah dihitung using the tax rate of 22%, respectively.
dengan menggunakan tarif pajak sebesar 22%.
112
Page 512
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
22. Liabilitas atas Surat Berharga yang Dijual 22. Liabilities on Securities Sold under Repurchase
dengan Janji Dibeli Kembali Agreements
Liabilitas atas surat berharga yang dijual dengan Liabilities on securities sold under repurchase
janji dibeli kembali pada tanggal 31 Desember agreements as of 31 December 2024 consists of:
2024 terdiri dari:
Jenis obligasi Nilai
Nilai Nilai
pemerintah/ Tanggal Jatuh pembelian
Nasabah/ nominal/ tercatat/
Type of dimulai/ tempo/ kembali/
Counterparty Nominal Carrying
government Start date Due date Repurchase
amount value
bonds amount
Diukur pada nilai perolehan
At amortized cost
yang diamortisasi
27 Des 24/ 3 Jan 25/
Bank Indonesia FR0056 1.850.000 1.843.745 1.843.105
27 Dec 24 3 Jan 25
30 Des 24/ 6 Jan 25/
Bank Indonesia FR0081 1.500.000 1.471.154 1.469.879
30 Dec 24 6 Jan 25
31 Des 24/ 7 Jan 25/
Bank Indonesia FR0087 1.100.000 1.014.315 1.013.259
31 Dec 24 7 Jan 25
30 Des 24/ 6 Jan 25/
Bank Indonesia FR0096 500.000 474.080 473.669
30 Dec 24 6 Jan 25
27 Des 24/ 3 Jan 25/
Bank Indonesia SR016 550.000 538.406 538.219
27 Dec 24 3 Jan 25
24 Des 24/ 7 Jan 25/
PT Bank ICBC Indonesia FR0081 200.000 196.501 196.290
24 Dec 24 7 Jan 25
PT Bank Rakyat 18 Des 24/ 2 Jan 25/
FR0040 5.000 5.208 5.207
Indonesia (Persero) Tbk 18 Dec 224 2 Jan 25
PT Bank Rakyat 19 Des 24/ 2 Jan 25/
FR0040 5.000 5.206 5.205
Indonesia (Persero) Tbk 19 Dec 24 2 Jan 25
PT Bank Rakyat 20 Des 24/ 3 Jan 25/
FR0040 5.000 5.206 5.204
Indonesia (Persero) Tbk 20 Dec 24 3 Jan 25
PT Bank Rakyat 23 Des 24/ 6 Jan 25/
FR0040 5.000 5.208 5.204
Indonesia (Persero) Tbk 23 Dec 24 6 Jan 25
PT Bank Rakyat 24 Des 24/ 7 Jan 25/
FR0040 5.000 5.208 5.202
Indonesia (Persero) Tbk 24 Dec 24 7 Jan 25
PT Bank Rakyat 27 Des 24/ 10 Jan 25/
FR0040 5.000 5.211 5.203
Indonesia (Persero) Tbk 27 Dec 24 10 Jan 25
PT Bank Rakyat 30 Des 24/ 13 Jan 25/
FR0040 5.000 5.215 5.204
Indonesia (Persero) Tbk 30 Dec 24 13 Jan 25
PT Bank Rakyat 31 Des 24/ 14 Jan 25/
FR0040 5.000 5.216 5.204
Indonesia (Persero) Tbk 31 Dec 24 14 Jan 25
Total/Total 5.740.000 5.579.879 5.576.054
113
Page 513
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
22. Liabilitas atas Surat Berharga yang Dijual 22. Liabilities on Securities Sold under Repurchase
dengan Janji Dibeli Kembali (lanjutan) Agreements (continued)
Liabilitas atas surat berharga yang dijual dengan Liabilities on securities sold under repurchase
janji dibeli kembali pada tanggal 31 Desember agreements as of 31 December 2023 consists of:
2023 terdiri dari:
Jenis obligasi Nilai
Nilai Nilai
pemerintah/ Tanggal Jatuh pembelian
Nasabah/ nominal/ tercatat/
Type of dimulai/ tempo/ kembali/
Counterparty Nominal Carrying
government Start date Due date Repurchase
amount value
bonds amount
Diukur pada nilai perolehan
At amortized cost
yang diamortisasi
27 Des 23/ 10 Jan 24/
Bank Indonesia FR0081 1.000.000 953.308 951.716
27 Dec 23 10 Jan 24
20 Des 23/ 17 Jan 24/
Bank Indonesia FR0095 900.000 873.492 870.866
20 Dec 23 17 Jan 24
29 Des 23/ 12 Jan 24/
Bank Indonesia FR0081 900.000 859.200 857.446
29 Dec 23 12 Jan 24
20 Des 23/ 3 Jan 24/
Bank Indonesia FR0078 800.000 805.576 805.277
20 Dec 23 3 Jan 24
29 Des 23/ 12 Jan 24/
Bank Indonesia FR0081 800.000 763.734 762.174
29 Dec 23 12 Jan 24
20 Des 23/ 17 Jan 24/
Bank Indonesia FR0078 700.000 706.765 704.641
20 Dec 23 17 Jan 24
27 Des 23/ 10 Jan 24/
Bank Indonesia FR0056 600.000 613.750 612.724
27 Dec 23 10 Jan 24
27 Des 23/ 24 Jan 24/
Bank Indonesia FR0056 500.000 512.807 510.607
27 Dec 23 24 Jan 24
20 Des 23/ 17 Jan 24/
Bank Indonesia SR014 500.000 491.973 490.494
20 Dec 23 17 Jan 24
PT Bank Rakyat 20 Des 23/ 19 Jan 24/
FR0095 500.000 485.949 484.330
Indonesia (Persero) Tbk 20 Dec 23 19 Jan 24
22 Des 23/ 5 Jan 24/
Bank Indonesia FR0087 500.000 471.698 471.348
22 Dec 23 5 Jan 24
PT Bank Mandiri 28 Des 23/ 4 Jan 24/
IDSR151124364S 500.000 471.352 471.106
(Persero) Tbk 28 Dec 23 4 Jan 24
27 Des 23/ 24 Jan 24/
Bank Indonesia FR0086 500.000 473.071 471.041
27 Dec 23 24 Jan 24
29 Des 23/ 5 Jan 24/
Bank Indonesia FR0086 500.000 471.272 470.945
29 Dec 23 5 Jan 24
PT Bank Rakyat 22 Des 23/ 5 Jan 24/
IDSR041224364S 500.000 469.841 469.503
Indonesia (Persero) Tbk 22 Dec 23 5 Jan 24
PT Bank Rakyat 22 Des 23/ 5 Jan 24/
IDSR041224364S 500.000 469.841 469.503
Indonesia (Persero) Tbk 22 Dec 23 5 Jan 24
PT Bank Rakyat 22 Des 23/ 5 Jan 24/
IDSR041224364S 500.000 469.841 469.503
Indonesia (Persero) Tbk 22 Dec 23 5 Jan 24
27 Des 23/ 24 Jan 24/
Bank Indonesia FR0096 450.000 445.477 443.566
27 Dec 23 24 Jan 24
20 Des 23/ 17 Jan 24/
Bank Indonesia ORI019 400.000 393.329 392.146
20 Dec 23 17 Jan 24
27 Des 23/ 10 Jan 24/
Bank Indonesia FR0064 400.000 378.182 377.550
27 Dec 23 10 Jan 24
114
Page 514
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
22. Liabilitas atas Surat Berharga yang Dijual 22. Liabilities on Securities Sold under Repurchase
dengan Janji Dibeli Kembali (lanjutan) Agreements (continued)
Liabilitas atas surat berharga yang dijual dengan Liabilities on securities sold under repurchase
janji dibeli kembali pada tanggal 31 Desember agreements as of 31 December 2023 consists of:
2023 terdiri dari: (lanjutan) (continued)
Nilai
Jenis obligasi Nilai Nilai
Tanggal Jatuh pembelian
Nasabah/ pemerintah/ nominal/ tercatat/
dimulai/ tempo/ kembali/
Counterparty Type of Nominal Carrying
Start date Due date Repurchase
government bonds amount value
amount
Diukur pada nilai perolehan
At amortized cost (continued)
yang diamortisasi (lanjutan)
20 Des 23/ 17 Jan 24/
Bank Indonesia SR015 350.000 341.240 340.214
20 Dec 23 17 Jan 24
29 Des 23/ 12 Jan 24/
Bank Indonesia FR0070 300.000 302.935 302.316
29 Dec 23 12 Jan 24
20 Des 23/ 17 Jan 24/
Bank Indonesia FR0059 250.000 243.622 242.890
20 Dec 23 17 Jan 24
20 Des 23/ 3 Jan 24/
Bank Indonesia SR016 250.000 229.467 229.381
20 Dec 23 3 Jan 24
27 Des 23/ 24 Jan 24/
Bank Indonesia ORI020 200.000 194.786 193.953
27 Dec 23 24 Jan 24
27 Des 23/ 24 Jan 24/
Bank Indonesia PBS017 200.000 188.191 187.386
27 Dec 23 24 Jan 24
27 Des 23/ 24 Jan 24/
Bank Indonesia PBS026 150.000 149.736 149.096
27 Dec 23 24 Jan 24
PT Bank Rakyat 28 Des 23/ 4 Jan 24/
IDSR131124364S 100.000 94.288 94.239
Indonesia (Persero) Tbk 28 Dec 23 4 Jan 24
Total/Total 13.750.000 13.324.723 13.295.961
115
Page 515
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. Efek Utang yang Diterbitkan 23. Debt Securities Issued
Efek utang yang diterbitkan pada tanggal Debt securities issued as of 31 December 2024
31 Desember 2024 dan 2023 terdiri dari: and 2023 consist of:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Obligasi Subordinasi Berkelanjutan IV Bank UOB Indonesia Subordinated Debt
Bank UOB Indonesia Tahap I Shelf Offering IV Phase I
Tahun 2024 Year 2024
Pihak ketiga Third parties
Obligasi 100.000 - Bonds
Total nominal Obligasi Subordinasi Total nominal Bank UOB Indonesia
Berkelanjutan IV Bank UOB Indonesia Subordinated Debt Shelf Offering IV
Tahap I Tahun 2024 100.000 - Phase I Year 2024
Beban emisi obligasi yang belum
diamortisasi (2.481) - Unamortized bonds issuance cost
Total Obligasi Subordinasi Total Bank UOB Indonesia
Berkelanjutan IV Bank UOB Indonesia 97.519 - Subordinated Debt Shelf Offering IV
Tahap I Tahun 2024 Phase I Year 2024
Obligasi Berkelanjutan IV Bank UOB Indonesia Senior Debt
Bank UOB Indonesia Tahap I Shelf Offering IV Phase I
Tahun 2024 Year 2024
Pihak ketiga Third parties
Obligasi 100.000 - Bonds
Total nominal Obligasi Berkelanjutan IV Total nominal Bank UOB Indonesia
Bank UOB Indonesia Tahap I Senior Debt Shelf Offering IV
Tahun 2024 100.000 - Phase I Year 2024
Beban emisi obligasi yang belum
diamortisasi (1.240) - Unamortized bonds issuance cost
Total Obligasi Berkelanjutan IV Total Bank UOB Indonesia
Bank UOB Indonesia Tahap I 98.760 - Senior Debt Shelf Offering IV
Tahun 2024 Phase I Year 2024
Obligasi Subordinasi Berkelanjutan III Bank UOB Indonesia Subordinated Debt
Bank UOB Indonesia Tahap I Shelf Offering III Phase I
Tahun 2022 Year 2022
Pihak ketiga Third parties
Obligasi 100.000 100.000 Bonds
Total nominal Obligasi Subordinasi Total Nominal Bank UOB Indonesia
Berkelanjutan III Bank UOB Indonesia Sub Debt Shelf Offering III
Tahap I Tahun 2022 100.000 100.000 Phase I Year 2022
Beban emisi obligasi yang belum
diamortisasi (3.251) (4.000) Unamortized bonds issuance cost
Total Obligasi Subordinasi Total Bank UOB Indonesia
Berkelanjutan III Bank UOB Indonesia Sub Debt Shelf Offering III
Tahap I Tahun 2022 96.749 96.000 Tranche I Year 2022
116
Page 516
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. Efek Utang yang Diterbitkan (lanjutan) 23. Debt Securities Issued (continued)
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Obligasi Berkelanjutan III Bank UOB Indonesia Senior Debt
Bank UOB Indonesia Tahap I Shelf Offering III Phase I
Tahun 2021 Year 2021
Pihak ketiga Third parties
Obligasi - 100.000 Bonds
Total nominal Obligasi Berkelanjutan III Total nominal Bank UOB Indonesia
Bank UOB Indonesia Tahap I Senior Debt Shelf Offering III
Tahun 2021 - 100.000 Phase I Year 2021
Beban emisi obligasi yang belum
diamortisasi - (638) Unamortized bonds issuance cost
Total Obligasi Berkelanjutan III Total Bank UOB Indonesia
Bank UOB Indonesia Tahap I Senior Debt Shelf Offering III
Tahun 2021 - 99.362 Phase I Year 2021
Obligasi Subordinasi Berkelanjutan II Bank UOB Indonesia Subordinated Debt
Bank UOB Indonesia Tahap II Shelf Offering II Phase II
Tahun 2019 Year 2019
Pihak ketiga Third Parties
Obligasi 650.000 650.000 Bonds
Total nominal Obligasi Subordinasi Total nominal Bank UOB Indonesia
Berkelanjutan II Bank UOB Indonesia Subordinated Debt Shelf Offering II
Tahap II Tahun 2019 650.000 650.000 Phase II Year 2019
Beban emisi obligasi yang belum
diamortisasi (576) (876) Unamortized bonds issuance cost
Total Obligasi Subordinasi Total Bank UOB Indonesia
Berkelanjutan II Bank UOB Indonesia Subordinated Debt Shelf Offering II
Tahap II Tahun 2019 649.424 649.124 Phase II Year 2019
Obligasi Subordinasi Berkelanjutan II Bank UOB Indonesia Subordinated Debt
Bank UOB Indonesia Tahap I Shelf Offering II Phase I
Tahun 2019 Year 2019
Pihak ketiga Third Parties
Obligasi 100.000 100.000 Bonds
Total nominal Obligasi Subordinasi Total nominal Bank UOB Indonesia
Berkelanjutan II Bank UOB Indonesia Subordinated Debt Shelf Offering II
Tahap I Tahun 2019 100.000 100.000 Phase I Year 2019
Beban emisi obligasi yang belum
diamortisasi (542) (883) Unamortized bonds issuance cost
Total Obligasi Subordinasi Total nominal Bank UOB Indonesia
Berkelanjutan II Bank UOB Indonesia 99.458 99.117 Subordinated Debt Shelf Offering II
Tahap I Tahun 2019 Phase I Year 2019
Obligasi Subordinasi Berkelanjutan I Bank UOB Indonesia Subordinated Debt
Bank UOB Indonesia Tahap II Shelf Offering I Phase II
Tahun 2017 Year 2017
Pihak ketiga Third Parties
Obligasi - 500.000 Bonds
117
Page 517
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. Efek Utang yang Diterbitkan (lanjutan) 23. Debt Securities Issued (continued)
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Total nominal Obligasi Subordinasi Total nominal Bank UOB Indonesia
Berkelanjutan I Bank UOB Indonesia Subordinated Debt Shelf Offering I
Tahap II Tahun 2017 500.000 Phase II Year 2017
Beban emisi obligasi yang belum
diamortisasi - (180) Unamortized bonds issuance cost
Total Obligasi Subordinasi Total nominal Bank UOB Indonesia
Berkelanjutan I Bank UOB Indonesia - 499.820 Subordinated Debt Shelf Offering I
Tahap II Tahun 2017 Phase II Year 2017
Total 1.041.910 1.443.423 Total
1. Obligasi Subordinasi Berkelanjutan IV Bank 1. Bank UOB Indonesia Subordinated Debt Shelf
UOB Indonesia Tahap I Tahun 2024 pada Offering IV Phase I Year 2024 on 26 June 2024
tanggal 26 Juni 2024 dengan jangka waktu with tenor of 7 years since issuance date and
selama 7 tahun dan jumlah pokok sebesar totalling to Rp100,000,000,000 (full amount)
Rp100.000.000.000 (nilai penuh) dengan with fixed interest rate of 7.50%.
tingkat bunga tetap sebesar 7,50%.
Pada tanggal 31 Desember 2024, peringkat As of 31 December 2024, the rating of Bank
Obligasi Subordinasi Berkelanjutan IV Bank UOB Indonesia Subordinated Debt Shelf
UOB Indonesia Tahap I Tahun 2024 menurut Offering IV Phase I Year 2024 based on Fitch
Fitch Ratings adalah idAA. Ratings was idAA.
Bank memperhitungkan obligasi tersebut The Bank calculates its bond as part of Lower
sebagai Komponen Modal Pelengkap Level Supplementary Capital (Lower Tier 2) based
Bawah (Lower Tier 2) berdasarkan Surat on Approval Letter from Financial Service
Persetujuan Otoritas Jasa Keuangan Authority No. S-159/PB.31/2024 dated
No. S-159/PB.31/2024 pada tanggal 9 August 2024.
9 Agustus 2024.
2. Obligasi Berkelanjutan IV Bank UOB 2. Bank UOB Indonesia Senior Debt Shelf
Indonesia Tahap I Tahun 2024 pada tanggal Offering IV Phase I Year 2024 on 26 June 2024
26 Juni 2024 dengan jangka waktu selama 1 with tenor of 1 year since issuance date and
tahun dan jumlah pokok sebesar totalling to Rp100,000,000,000 (full amount)
Rp100.000.000.000 (nilai penuh) dengan with fixed interest rate of 6.70%.
tingkat bunga tetap sebesar 6,70%.
Pada tanggal 31 Desember 2024, peringkat As of 31 December 2024, the rating of Bank
Obligasi Berkelanjutan IV Bank UOB UOB Indonesia Debt Shelf Offering IV Phase I
Indonesia Tahap I Tahun 2024 menurut Fitch Year 2024 based on Fitch Ratings was idAAA.
Ratings adalah idAAA.
3. Obligasi Subordinasi Berkelanjutan III Bank 3. Bank UOB Indonesia Subordinated Debt Shelf
UOB Indonesia Tahap I Tahun 2022 pada Offering III Phase I Year 2022 on 8 March 2022
tanggal 8 Maret 2022 dengan jangka waktu with tenor of 7 years since issuance date and
selama 7 tahun dan jumlah pokok sebesar totalling to Rp100,000,000,000 (full amount)
Rp100.000.000.000 (nilai penuh) dengan with fixed interest rate of 8%.
tingkat bunga tetap sebesar 8%.
Pada tanggal 31 Desember 2024 dan As of 31 December 2024 and 2023, the rating
2023, peringkat Obligasi Subordinasi of Bank UOB Indonesia Subordinated Debt
Berkelanjutan III Bank UOB Indonesia Tahap Shelf Offering III Phase I Year 2022 based on
I Tahun 2022 menurut Fitch Ratings adalah Fitch Ratings was idAA.
idAA.
118
Page 518
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. Efek Utang yang Diterbitkan (lanjutan) 23. Debt Securities Issued (continued)
Efek utang yang diterbitkan pada tanggal Debt securities issued as of 31 December 2024
31 Desember 2024 dan 2023 terdiri dari: and 2023 consist of: (continued)
(lanjutan)
Bank memperhitungkan obligasi tersebut The Bank calculates its bond as part of Lower
sebagai Komponen Modal Pelengkap Level Supplementary Capital (Lower Tier 2) based
Bawah (Lower Tier 2) berdasarkan Surat on Approval Letter from Financial Service
Persetujuan Otoritas Jasa Keuangan Authority No. SR-46/PB.32/2022 dated
No. SR-46/PB.32/2022 pada tanggal 19 April 2022.
19 April 2022.
4. Obligasi Berkelanjutan III Bank UOB 4. Bank UOB Indonesia Senior Debt Shelf
Indonesia Tahap I Tahun 2021 dengan Offering III Phase I Year 2021 totalling
jumlah pokok sebesar Rp100.000.000.000 Rp100,000,000,000 (full amount) with fixed
(nilai penuh) yang dikenakan tingkat bunga interest rate of 5.65% which is repayable every
tetap per tahun masing-masing sebesar three months and has matured on
5,65% dibayarkan setiap tiga bulan yang 2 September 2024.
telah jatuh tempo pada tanggal
2 September 2024.
Bank telah melakukan pelunasan pokok atas The Bank has paid the principal of Bank UOB
Obligasi Berkelanjutan III Bank UOB Indonesia Senior Debt Shelf Offering III Phase
Indonesia Tahap I Tahun 2021 dengan nilai 1 Year 2021 with nominal value of
nominal Rp100.000.000.000 (nilai penuh) Rp100,000,000,000 (full amount) which
yang telah jatuh tempo pada tanggal matured on 2 September 2024
2 September 2024
5. Obligasi Subordinasi Berkelanjutan II Bank 5. Bank UOB Indonesia Subordinated Debt Shelf
UOB Indonesia Tahap II Tahun 2019 pada Offering II Phase II Year 2019 on 13 November
tanggal 13 November 2019 dengan jangka 2019 with tenor of 7 years since issuance date
waktu selama 7 tahun dan jumlah pokok totalling to Rp650,000,000,000 (full amount)
sebesar Rp650.000.000.000 (nilai penuh) with fixed interest rate of 9.25%.
dengan tingkat bunga tetap sebesar 9,25%.
Pada tanggal 31 Desember 2024 dan As of 31 December 2024 and 2023, the rating
2023, peringkat Obligasi Subordinasi of Bank UOB Indonesia Subordinated Debt
Berkelanjutan II Bank UOB Indonesia Tahap Shelf Offering II Phase II 2019 based on Fitch
II Tahun 2019 menurut Fitch Ratings adalah Ratings was idAA.
idAA.
Bank memperhitungkan obligasi tersebut The Bank calculates its bond as part of Lower
sebagai Komponen Modal Pelengkap Level Supplementary Capital (Lower Tier 2) based
Bawah (Lower Tier 2) berdasarkan Surat on Approval Letter from Financial Service
Persetujuan Otoritas Jasa Keuangan Authority No. S-92/PB.32/2019 dated
No. S-92/PB.32/2019 pada tanggal 20 December 2019.
20 Desember 2019.
6. Obligasi Subordinasi Berkelanjutan II Bank 6. Bank UOB Indonesia Subordinated Debt Shelf
UOB Indonesia Tahap I Tahun 2019 pada Offering II Phase I Year 2019 on 4 July 2019
tanggal 4 Juli 2019 dengan jangka waktu with tenor of 7 years since issuance date
selama 7 tahun dan jumlah pokok sebesar totalling to Rp100,000,000,000 (full amount)
Rp100.000.000.000 (nilai penuh) dengan with fixed interest rate of 9.85%.
tingkat bunga tetap sebesar 9,85%.
119
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The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. Efek Utang yang Diterbitkan (lanjutan) 23. Debt Securities Issued (continued)
Efek utang yang diterbitkan pada tanggal Debt securities issued as of 31 December 2024
31 Desember 2024 dan 2023 terdiri dari: and 2023 consist of: (continued)
(lanjutan)
Bank memperhitungkan obligasi tersebut The Bank calculates its bond as part of Lower
sebagai Komponen Modal Pelengkap Level Supplementary Capital (Lower Tier 2) based
Bawah (Lower Tier 2) berdasarkan Surat on Approval Letter from Financial Service
Persetujuan Otoritas Jasa Keuangan Authority No. S-92/PB.32/2019 dated
No. S-92/PB.32/2019 pada tanggal 20 December 2019.
20 Desember 2019.
Pada tanggal 31 Desember 2024 dan As of 31 December 2024 and 2023, the rating
2023, peringkat Obligasi Subordinasi of Bank UOB Indonesia Subordinated Debt
Berkelanjutan II Bank UOB Indonesia Tahap Shelf Offering II Phase I Year 2019 based on
I Tahun 2019 menurut Fitch Ratings adalah Fitch Ratings is idAA.
idAA.
7. Obligasi Subordinasi Berkelanjutan I Bank 7. Bank UOB Indonesia Subordinated Debt Shelf
UOB Indonesia Tahap II Tahun 2017 dengan Offering I Phase II Year 2017 with total amount
jumlah pokok sebesar Rp500.000.000.000 of Rp500,000,000,000 (full amount) that was
(nilai penuh) dikenakan suku bunga tetap subject to fixed interest rate of 9.25% per
sebesar 9,25% per tahun yang dibayarkan annum which is payable every three months
setiap tiga bulan dan jangka waktu selama with a seven-year term has matured on
tujuh tahun yang telah jatuh tempo pada 17 October 2024. The Bond was listed on the
tanggal 17 Oktober 2024. Obligasi tersebut Indonesia Stock Exchange at
dicatatkan di Bursa Efek Indonesia pada 18 October 2017.
tanggal 18 Oktober 2017.
Bank telah melakukan pelunasan pokok atas The Bank has paid the principal of Bank UOB
Obligasi Subordinasi Berkelanjutan I Bank Indonesia Subordinated Debt Shelf Offering I
UOB Indonesia Tahap II Tahun 2017 dengan Phase II Year 2017 with nominal value of
nilai nominal Rp500.000.000.000 (nilai Rp500,000,000,000 (full amount) which
penuh) yang telah jatuh tempo pada tanggal matured on 17 October 2024.
17 Oktober 2024.
Bank memperhitungkan Obligasi tersebut The Bank calculates its bond as part of Lower
sebagai Komponen Modal Pelengkap Level Supplementary Capital (Lower Tier 2) based
Bawah (Lower Tier 2) berdasarkan Surat on Approval Letter from Financial Service
Persetujuan Otoritas Jasa Keuangan No. S- Authority No. S-84/PB.32/2017 dated
84/PB.32/2017 pada tanggal 20 Desember 20 December 2017.
2017.
Obligasi-obligasi Subordinasi tersebut di atas The said subordinated bonds are not secured
tidak dijamin dengan jaminan khusus tetapi by specific collateral but are secured by all
dijamin dengan seluruh harta kekayaan assets of the Bank.
Bank.
120
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The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
23. Efek Utang yang Diterbitkan (lanjutan) 23. Debt Securities Issued (continued)
Efek utang yang diterbitkan pada tanggal Debt securities issued as of 31 December 2024
31 Desember 2024 dan 2023 terdiri dari: and 2023 consist of: (continued)
(lanjutan)
Wali amanat dari penerbitan Obligasi The trustee for issuance of Bank UOB
Subordinasi Berkelanjutan IV Bank UOB Indonesia Subordinated Debt Shelf Offering IV
Indonesia Tahap I Tahun 2024, Obligasi Phase I Year 2024, Bank UOB Indonesia
Berkelanjutan IV Bank UOB Indonesia Tahap Senior Debt Shelf Offering IV Phase I Year
I Tahun 2024, Obligasi Subordinasi 2024, Bank UOB Indonesia Subordinated
Berkelanjutan III Bank UOB Indonesia Tahap Debt Shelf Offering III Phase I Year 2022,
I Tahun 2022, Obligasi Berkelanjutan III Bank Bank UOB Indonesia Senior Debt Shelf
UOB Indonesia Tahap I Tahun 2021, Obligasi Offering III Phase I Year 2021, Bank UOB
Subordinasi Berkelanjutan II Bank UOB Indonesia Subordinated Debt Shelf Offering II
Indonesia Tahap II Tahun 2019, Obligasi Phase II Year 2019, Bank UOB Indonesia
Subordinasi Berkelanjutan II Bank UOB Subordinated Debt Shelf Offering II Phase I
Indonesia Tahap I Tahun 2019, Obligasi Year 2019, Bank UOB Indonesia
Subordinasi Berkelanjutan I Bank UOB Subordinated Debt Shelf Offering I Phase II
Indonesia Tahap II Tahun 2017 adalah PT Year 2017 is PT Bank Mandiri (Persero) Tbk.
Bank Mandiri (Persero) Tbk.
Tidak terdapat keterkaitan usaha antara wali There is no business relationship between the
amanat dengan Bank. trustees and the Bank.
Selama jangka waktu obligasi tersebut diatas, During the term of above mentioned bonds, without
tanpa izin tertulis dari wali amanat, Bank tidak written permission from trustee, the Bank is not
diperkenankan untuk: allowed to:
1) Mengagunkan sebagian maupun seluruh 1) Secure part or all of the income or asset of the
pendapatan atau harta kekayaan Bank yang Bank that exists in the present or in the future,
ada pada saat ini maupun di masa yang akan other than for the Bank’s business activity;
datang di luar kegiatan usaha Bank;
2) Mengurangi modal dasar, modal ditempatkan 2) Reduce the authorized capital, issued capital
dan modal disetor, kecuali pengurangan and paid-up capital, unless the reduction is
tersebut dilakukan berdasarkan permintaan carried out based on the request and/or order
dan/atau perintah dari otoritas berwenang of the authorized regulator (including but not
(termasuk tetapi tidak terbatas pada OJK); limited to OJK);
3) Melakukan penggabungan dan/atau 3) Perform any merger and/or acquisition which
peleburan yang menyebabkan bubarnya causes the liquidation of the Bank or would
Bank atau yang akan mempunyai akibat have a material adverse impact on the
negatif secara material terhadap continuation of the Bank's businesses;
kelangsungan usaha Perseroan;
Dalam rangka penawaran umum tersebut Bank Regarding the public offering, the Bank issued
menerbitkan obligasi-obligasi sebagai berikut: bonds as follows:
Pada tanggal 31 Desember 2024 dan As of 31 December 2024 and 2023, the Bank has
2023, Bank telah mengamortisasi biaya emisi amortized the bonds issuance cost amounting to
obligasi masing-masing sebesar Rp3.440 dan Rp3,440 and Rp2,754, respectively, which is
Rp2.754 yang dicatat dalam laporan laba rugi dan recorded in the statement of profit or loss and other
penghasilan komprehensif lain. comprehensive income.
Selama tahun 2024 dan 2023, Bank telah During 2024 and 2023, the Bank has complied with
memenuhi persyaratan-persyaratan dalam covenants of the debt securities issued above.
penerbitan efek utang tersebut.
121
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The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
24. Liabilitas Lain-lain 24. Other Liabilities
Akun ini terdiri dari: This account consists of:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Setoran jaminan (Catatan 37) 1.629.608 1.265.073 Margin deposits(Note 37)
Biaya yang masih harus dibayar
(Catatan 37) 1.153.235 1.079.291 Accrued expenses (Note 37)
Term deposit valas Term deposit
hasil ekspor (TD Valas DHE SDA) with Bank Indonesia
Bank Indonesia in foreign currency from DHE SDA
(Catatan 15) 812.798 739.056 (Note 15)
Cadangan kerugian penurunan nilai Allowance for impairment losses of
atas komitmen dan kontinjensi commitments and contingencies
(Catatan 34) 338.674 379.860 (Note 34)
Liabilitas sewa 133.551 187.538 Lease liabilities
Pendapatan diterima di muka 10.185 14.203 Unearned income
Lain-lain 490.775 1.034.677 Others
Total 4.568.826 4.699.698 Total
Pada tanggal 31 Desember 2024 dan 2023, As of 31 December 2024 and 2023, included in the
termasuk dalam biaya yang masih harus dibayar accrued expenses is deferred bonus granted to the
adalah bonus yang diberikan kepada Direksi yang Board of Directors amounting to Rp18,922 and
ditangguhkan masing-masing sebesar Rp18.922 Rp13,021, respectively, in accordance with POJK
dan Rp13.021 sesuai dengan POJK No. 45/POJK.03/2015 dated 23 December 2015
No. 45/POJK.03/2015 tanggal 23 Desember 2015 concerning the Implementation of Governance for
tentang Penerapan Tata Kelola dalam Pemberian Commercial Banks in the Provision of
Remunerasi bagi Bank Umum. Remunerations.
Termasuk pada lain-lain pada tanggal Included in others as of 31 December 2023 are
31 Desember 2023 adalah angka penyelesaian settlement figures in regards with acquisition of
terkait dengan akusisi bisnis konsumer Citi senilai Citi’s consumer business amounting Rp497,301.
Rp497.301.
Setoran jaminan terutama merupakan perjanjian Margin deposits mainly represent operational
kerjasama operasional dengan United Overseas cooperation agreements with United Overseas
Bank Limited, Singapura dan PT Bank Mandiri Bank Limited, Singapore and PT Bank Mandiri
(Persero) Tbk. (Persero) Tbk.
United Overseas Bank Limited, Singapura United Overseas Bank Limited, Singapore
(“UOBS”) (“UOBS”)
Pada tanggal 25 Agustus 2022, Bank dan UOBS On 25 August 2022, the Bank and UOBS has
menandatangani Perjanjian Jaminan Uang Tunai signed Cash Collateral Agreement that UOBS
dimana UOBS menyediakan jaminan uang tunai provides cash collateral on derivative transactions
atas transaksi derivatif mencakup FX Derivative including FX Derivative and Interest Rate
dan Interest Rate Derivative yang diatur dalam Derivative stipulated in International Swaps and
Perjanjian Induk International Swaps and Derivative Transactions (ISDA) 2022 Master
Derivative Transactions (ISDA) 2022 tanggal Agreement on 20 August 2007. Cash collateral is
20 Agustus 2007. Jaminan uang tunai diberikan provided in USD with minimal transfer nominal
dalam mata uang USD dengan jumlah transfer amounting to USD2,000,000 (full amount). The
minimal sebesar USD2.000.000 (angka penuh). Bank is obliged to pay interest on the cash
Bank memiliki kewajiban untuk membayar bunga collateral placement which is determined and
atas penempatan jaminan ini yang ditentukan dan calculated using Secured Overnight Financing
dihitung dengan menggunakan suku bunga Rate (SOFR).
Secured Overnight Financing Rate (SOFR).
122
Page 522
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
24. Liabilitas Lain-lain (lanjutan) 24. Other Liabilities (continued)
United Overseas Bank Limited, Singapura United Overseas Bank Limited, Singapore
(“UOBS”) (lanjutan) (“UOBS”) (continued)
Pada tanggal 31 Desember 2024 dan 2023, nilai As of 31 December 2024 and 2023, the cash
jaminan uang tunai masing-masing sebesar collateral amounting to JPY8,679,000,000 (full
JPY8.679.000.000 (nilai penuh) dan amount) and USD48,860,000 (full amount),
USD48.860.000 (angka penuh) (Catatan 37). respectively (Note 37).
Bunga yang masih harus dibayar atas jaminan Interest payables on the cash collateral amounting
uang tunai tersebut sebesar JPY1.772.388 to JPY1,772,388 (full amount) and USD257,010
(angka penuh) dan USD257.010 (angka penuh) (full amount) as of 31 December 2024 and 2023,
pada tanggal 31 Desember 2024 dan 2023 respectively (Note 37).
(Catatan 37).
PT Bank Mandiri (Persero) Tbk (“Bank PT Bank Mandiri (Persero) Tbk (“Bank
Mandiri”) Mandiri”)
Pada tanggal 22 April 2016, Bank dan Bank On 22 April 2016, the Bank and Bank Mandiri has
Mandiri menandatangani Perjanjian Induk Global signed the Global Master Repurchase Agreement
Pembelian Kembali (GMRA) (GMRA) No.FTS.TRS/IRT.204/2016,
No.FTS.TRS/IRT.204/2016, No.16/GMG/0008 No.16/GMG/0008 which is amended with GMRA
yang diamandemen dengan GMRA No.TIB.TRS/TLA.91/2023, No.23/GMG/0042 that
No.TIB.TRS/TLA.91/2023, No.23/GMG/042 one of the parties will provide cash margin on
dimana salah satu pihak akan menyediakan securities sold under repurchase agreements
marjin tunai atas transaksi pembelian kembali which will be paid to the party who has net
efek yang akan dibayarkan kepada salah satu eksposure againts other party. The party who
pihak yang memiliki eksposur bersih terhadap receive cash margin is obliged to pay interest on
pihak lainnya. Pihak yang menerima marjin tunai the cash margin placement which is determined
memiliki kewajiban untuk membayar bunga atas and calculated using Money Market Reference
penempatan jaminan ini yang ditentukan dan Interest Rate as provided by Bank Indonesia.
dihitung dengan menggunakan Suku Bunga
Acuan Pasar Uang yang ditetapkan Bank
Indonesia.
Pada tanggal 31 Desember 2024 dan 2023, nilai As of 31 December 2024 and 2023, the cash
jaminan uang tunai sebesar Rp440.848 dan collateral amounting to Rp440,848 and Rp312,102,
Rp312.102. respectively.
Bunga yang masih harus dibayar atas jaminan Interest payables on the cash collateral amounting
uang tunai tersebut sebesar Rp2.107 dan to Rp2,107 and Rp1,475 as of 31 December 2024
Rp1.475 pada tanggal 31 Desember 2024 dan and 2023, respectively.
2023.
123
Page 523
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
25. Modal Saham 25. Share Capital
Pada tanggal 26 Oktober 2023, Bank On 26 October 2023, the Bank has received
mendapatkan persetujuan Rapat Umum approval from the Extraordinary General Meeting
Pemegang Saham Luar Biasa sebagaimana of Shareholders as stated in Deed of Minutes of
termuat dalam Akta Berita Acara Rapat Umum Extraordinary General Meeting of Shareholders
Pemegang saham Luar Biasa No. 89 tanggal No. 89 dated 26 October 2023 made before Notary
26 Oktober 2023 yang dibuat di hadapan Notaris Aulia Taufani, S.H., Notary in Jakarta, which
Aulia Taufani, S.H., Notaris di Jakarta yang approved to increase the Bank’s issued and paid-
menyetujui peningkatan modal ditempatkan dan up capital by issuing new shares of 1,040,946,745
disetor Bank dengan cara mengeluarkan saham shares with nominal amount of Rp250 (full amount)
baru sebanyak 1.040.946.745 lembar saham per share with offering price of Rp1,441 (full
dengan nilai nominal masing-masing sebesar amount) per share.
Rp250 (nilai penuh) per saham dengan harga
penawaran sebesar Rp1.441 (nilai penuh) per
lembar saham.
Hasil penerbitan saham tersebut telah diterima The result of shares issues has been received by
oleh Bank sehingga dengan demikian jumlah the Bank so therefore the total number of issued
seluruh saham ditempatkan dan disetor penuh and fully paid-up shares of the Bank increases to
Bank meningkat menjadi sebanyak 12,227,591,633 shares or Rp3,056,897,908,250
12.227.591.633 lembar saham atau sebesar (full amount) as stated in Deed of Statement
Rp3.056.897.908.250 (nilai penuh) sebagaimana Resolutions No. 38 dated 20 November 2023 made
termuat dalam Akta Pernyataan Keputusan Rapat before Notary Aulia Taufani, S.H., Notary in
No. 38 tanggal 20 November 2023 yang dibuat di Jakarta, which the notice of amendment has been
hadapan Notaris Aulia Taufani, S.H., Notaris di received and recorded by Legal Entity
Jakarta, yang pemberitahuan perubahan Administration System of the Ministry of Laws and
anggaran dasarnya telah diterima dan dicatat Human Rights of the Republic of Indonesia as
dalam Sistem Administrasi Badan Hukum stated in the letter No. AHU-AH.01.03-0145724
Kementerian Hukum dan Hak Asasi Manusia dated 23 November 2023. On 30 November 2023,
sebagaimana tercantum dalam surat No. AHU- based on letter from the Financial Services
AH.01.03-0145724 tanggal 23 November 2023. Authority No. SR-123/PB.31/2023, the Bank has
Pada tanggal 30 November 2023, melalui surat obtained approval from Financial Services
dari Otoritas Jasa Keuangan No. SR- Authority to book the additional paid-in capital as
123/PB.31/2023, Bank telah memperoleh Paid-in Capital.
persetujuan dari Otoritas Jasa Keuangan untuk
mencatatkan tambahan modal disetor tersebut
sebagai Modal Disetor.
Susunan pemegang saham Bank dan persentase The Bank's shareholders and percentage of
kepemilikannya pada tanggal 31 Desember 2024 ownership as of 31 December 2024 and 2023 are
dan 2023 adalah sebagai berikut: (Catatan 1a) as follows: (Note 1a)
31 Desember 2024 dan 2023/
31 December 2024 and 2023
Jumlah saham
ditempatkan dan
disetor penuh/ Persentase
Issued and kepemilikan/
fully paid Percentage Total modal/
Pemegang saham shares of ownership Total capital Shareholders
UOB International UOB International
Investment Private Limited, Investment Private Limited,
Singapura 8.430.031.879 68,943% 2.107.508 Singapore
United Overseas Bank Limited, United Overseas Bank Limited,
Singapura 3.675.134.661 30,056% 918.784 Singapore
Yayasan Kesejahteraan Nusantara 122.308.897 1,000% 30.577 Yayasan Kesejahteraan Nusantara
Lain-lain (masing-masing di bawah 1%) 116.196 0,001% 29 Others (below 1% each)
Total 12.227.591.633 100,00% 3.056.898 Total
124
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The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
25. Modal Saham (lanjutan) 25. Share Capital (continued)
Tujuan utama pengelolaan modal Bank adalah The primary objective of the Bank’s capital
untuk memastikan pemeliharaan rasio modal management is to ensure that it maintains healthy
yang sehat untuk mendukung usaha dan capital ratios in order to support its business and
memaksimalkan imbalan bagi pemegang saham. maximize shareholders value.
Selain itu, Bank dipersyaratkan oleh Undang- In addition, the Bank is also required by the
Undang Perseroan Terbatas efektif tanggal Corporate Law effective on 16 August 2007 to
16 Agustus 2007 untuk mengkontribusikan contribute and maintain a non-distributable reserve
sampai dengan 20% dari modal saham fund until the said reserve reaches 20% of the
ditempatkan dan disetor penuh dalam bentuk issued and fully paid up share capital. This capital
dana cadangan yang tidak boleh didistribusikan. requirements are considered by the Bank at the
Persyaratan permodalan tersebut Annual General Shareholders’ Meeting (“AGM”).
dipertimbangkan oleh Bank pada Rapat Umum
Pemegang Saham (“RUPS”).
Bank mengelola struktur permodalan dan The Bank manages its capital structure and makes
melakukan penyesuaian terhadap perubahan adjustments to it in light of changes in economic
kondisi ekonomi. Untuk memelihara dan conditions. In order to maintain or adjust the capital
menyesuaikan struktur permodalan, Bank dapat structure, the Bank may adjust the dividend
menyesuaikan pembayaran dividen kepada payment to shareholders, issue new shares or
pemegang saham, menerbitkan saham baru atau raise debt financing. There were no changes made
mengusahakan pendanaan melalui pinjaman. in the objectives, policies or processes as of
Tidak ada perubahan atas tujuan, kebijakan 31 December 2024 and 2023.
maupun proses pada tanggal 31 Desember 2024
dan 2023.
Kebijakan Bank adalah mempertahankan struktur The Bank’s policy is to maintain a healthy capital
permodalan yang sehat untuk mengamankan structure in order to secure access to finance at a
akses terhadap pendanaan pada biaya yang reasonable cost.
wajar.
26. Tambahan Modal Disetor 26. Additional Paid-in Capital
Akun ini terdiri dari: This account consists of:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Agio saham Paid-in capital
Penawaran Umum Terbatas III tahun 2006 576.625 576.625 Limited Public Offering III year 2006
Penerbitan saham tahun 2020 1.591.941 1.591.941 Right issue year 2020
Penerbitan saham tahun 2023 1.239.767 1.239.767 Right issue year 2023
Dividen saham 238.276 238.276 Stock dividend
Biaya emisi efek ekuitas Issuance cost
Penawaran Umum Terbatas III tahun 2006 (2.306) (2.306) Limited Public Offering III year 2006
Difference in the value of
Selisih nilai transaksi restrukturisasi restructuring transactions of
entitas sepengendali 1.289.647 1.289.647 entities under common control
Adjustment on
Penyesuaian tambahan modal disetor 4.576 4.576 additional paid-in capital
Total 4.938.526 4.938.526 Total
125
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The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
27. Saldo Laba 27. Retained Earnings
Dalam Rapat Umum Pemegang Saham Tahunan At the Annual General Meeting of Shareholders
yang diselenggarakan pada tanggal 30 April 2024 held on 30 April 2024, the minutes of which were
yang berita acaranya diaktakan dengan Akta notarized under Deed No. 73 of Notary Aulia
Notaris Aulia Taufani, S.H., No. 73 pada tanggal Taufani, S.H., on the same date, the shareholders
yang sama, para pemegang saham setuju untuk agreed to increase the amount appropriated for
menambah dana cadangan umum sebesar general reserve amounting to Rp6,750 to comply
Rp6.750 guna memenuhi ketentuan Pasal 70 with Article 70 of the Corporation Law and Article
Undang-undang Perseroan Terbatas dan Pasal 20 of the Bank’s Articles of Association and
20 Anggaran Dasar Bank serta membukukan registered the entire net profit earned in 2023 after
seluruh laba bersih yang diperoleh di tahun 2023 deduction against reserve as retained earnings.
setelah dikurangi cadangan wajib sebagai laba
ditahan.
Dalam Rapat Umum Pemegang Saham Tahunan At the Annual General Meeting of Shareholders
yang diselenggarakan pada tanggal 3 Mei 2023 held on 3 May 2023, the minutes of which were
yang berita acaranya diaktakan dengan Akta notarized under Deed No. 13 of Notary Aulia
Notaris Aulia Taufani, S.H., No. 13 pada tanggal Taufani, S.H., on the same date, the shareholders
yang sama, para pemegang saham setuju untuk agreed to increase the amount appropriated for
menambah dana cadangan umum sebesar general reserve amounting to Rp9,515 to comply
Rp9.515 guna memenuhi ketentuan Pasal 70 with Article 70 of the Corporation Law and Article
Undang-undang Perseroan Terbatas dan Pasal 20 of the Bank’s Articles of Association and
20 Anggaran Dasar Bank serta membukukan registered the entire net profit earned in 2022 after
seluruh laba bersih yang diperoleh di tahun 2022 deduction against reserve as retained earnings.
setelah dikurangi cadangan wajib sebagai laba
ditahan.
28. Pendapatan Bunga 28. Interest Income
Akun ini diperoleh dari: This account is derived from the following:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Kredit yang diberikan 7.943.685 6.532.425 Loans
Investasi keuangan dan Financial investments and
efek-efek yang diperdagangkan 2.773.263 1.612.825 trading securities
Tagihan atas surat berharga Receivables on securities
yang dibeli dengan janji purchased with
dijual kembali 482.433 1.376.598 agreements to resell
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain 177.852 304.195 and other banks
Giro pada Bank Indonesia dan Current accounts with
bank lain 118.833 118.827 Bank Indonesia and other banks
Total 11.496.066 9.944.870 Total
Provisi dan komisi yang diamortisasi dan diakui Provision and commission which are amortized and
sebagai pendapatan bunga untuk tahun yang recognized as interest income for the years ended
berakhir pada tanggal 31 Desember 2024 dan 31 December 2024 and 2023 amounting to
2023 masing-masing sebesar Rp388.701 dan Rp388,701 and Rp405,947, respectively.
Rp405.947.
Informasi mengenai pendapatan bunga yang Interest income earned from related parties of loan
diperoleh dari pihak-pihak yang berelasi are disclosed in Note 37.
diungkapkan pada Catatan 37.
126
Page 526
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
29. Beban Bunga 29. Interest Expenses
Akun ini merupakan beban bunga yang timbul This account represents interest expenses incurred
atas: on the following:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Deposito berjangka 2.699.782 2.233.102 Time deposits
Giro 1.027.756 732.391 Demand deposits
Tabungan 823.038 756.347 Saving deposits
Liabilitas atas surat berharga Liabilities on securities
yang dijual dengan janji sold under repurchase
dibeli kembali 469.977 223.242 agreements
Premi penjaminan Premium on Government
Pemerintah (Catatan 36) 245.565 246.061 guarantee (Note 36)
Simpanan dan pinjaman Deposits and borrowings
dari bank lain 196.089 218.451 from other banks
Efek utang yang diterbitkan 125.798 139.995 Debt securities issued
Setoran jaminan 52.556 37.855 Margin deposits
Lain-lain 11.130 528 Others
Total 5.651.691 4.587.972 Total
Informasi mengenai beban bunga atas transaksi Interest expense on transactions with related
dengan pihak-pihak yang berelasi diungkapkan parties are disclosed in Note 37.
pada Catatan 37.
30. Beban Umum dan Administrasi 30. General and Administrative Expenses
Akun ini terdiri dari: This account consists of:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Telekomunikasi, listrik dan air 654.384 488.556 Telecommunication, electricity, and water
Penyusutan aset tetap dan Depreciation of fixed assets and
aset hak guna (Catatan 14) 601.526 429.368 right-of-use assets (Note 14)
Pemeliharaan dan perbaikan 548.682 429.558 Repairs and maintenance
Jasa outsourcing 387.397 422.085 Outsourcing service
Iklan dan promosi 237.900 212.482 Advertising and promotion
Jasa tenaga ahli 215.270 306.485 Professional fees
Pungutan OJK 84.067 69.821 OJK levy
Barang cetakan dan keperluan Printed materials and office
kantor 67.364 42.149 supplies
Sewa 39.139 15.859 Rental
Amortisasi aset tak berwujud Amortization of intangible assets
(Catatan 3) 33.666 3.667 (Note 3)
Asuransi 12.661 10.171 Insurance
Keamanan 12.095 12.738 Security
Biaya emisi obligasi 3.697 2.754 Bond issuance cost
Beban jasa manajemen 2.530 9.284 Management fee
Lain-lain 44.451 175.779 Others
Total 2.944.829 2.630.756 Total
Termasuk pada lain-lain adalah biaya yang Included in others are expenses borned by the
ditanggung oleh Bank sehubungan dengan Bank in regards with Citi’s consumer business
akusisi bisnis konsumer Citi senilai Rp105.686 acquisition amounting to Rp105,686 for period
untuk periode yang berakhir pada 31 Desember ended on 31 December 2023.
2023.
127
Page 527
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
31. Beban Gaji dan Kesejahteraan Karyawan 31. Salaries and Employee Benefits Expenses
Akun ini terdiri dari: This account consists of:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Gaji, upah dan tunjangan hari raya 1.996.167 1.623.767 Salaries, wages and lebaran bonus
Manfaat pensiun 167.450 172.443 Gratuity
Makan, transportasi dan Meals, transportation and
tunjangan lainnya 133.984 125.121 other allowance
Pengobatan 130.508 92.770 Medical
Insentif 104.968 55.530 Incentive
BPJS ketenagakerjaan 87.677 70.308 Insurance and social security
Imbalan kerja (Catatan 35) 80.836 101.267 Employee benefits (Note 35)
Pendidikan dan pelatihan 51.840 69.596 Education and training
Tunjangan pajak PPh 21 62.060 40.404 Taxable allowance PPh 21
Lembur 8.900 5.872 Overtime
Lain-lain 43.344 28.729 Others
Total 2.867.734 2.385.807 Total
32. Laba Per Saham Dasar 32. Basic Earnings Per Share
Laba per saham dasar dihitung dengan membagi Basic earnings per share is calculated by dividing
laba tahun berjalan yang diatribusikan kepada the income for the year attributable to the equity
pemegang saham dengan jumlah saham pada holders by the number of shares outstanding
tahun bersangkutan. during the year.
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Laba tahun berjalan diatribusikan Income for the year
kepada pemegang saham 406.240 674.963 attributable to equity holders
Rata-rata tertimbang jumlah Weighted average number
lembar saham yang beredar 12.227.591.633 11.278.156.690 of shares outstanding
Laba per saham dasar* (nilai penuh) 33 60 Basic earnings per share* (full amount)
* Bank tidak mempunyai laba per saham dasar yang bersifat dilutif untuk tahun yang berakhir tanggal 31 Desember 2024 dan 2023./The bank
has no dilutive earning per share for the year ended 31 December 2024 and 2023.
128
Page 528
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
33. Transaksi Pembelian dan Penjualan Tunai 33. Spot Foreign Currency Bought and Sold
Mata Uang Asing
Rincian nilai nominal atas pembelian dan The details of the notional values of spot foreign
penjualan tunai mata uang asing (spot) pada currencies bought and sold as of 31 December
tanggal 31 Desember 2024 dan 2023 adalah 2024 and 2023 are as follows:
sebagai berikut:
31 Desember/31 December 2024
Mata uang asing
(nilai penuh)/
Foreign currencies
(full amount) Rupiah
Pembelian tunai mata uang asing Spot foreign currency bought
Pihak ketiga USD 102.304.618 1.646.593 Third parties
Pembelian tunai mata uang asing Spot foreign currency bought
Pihak berelasi USD 1.132.614 18.229 Related parties
AUD 160.000 1.602
19.831
1.666.424
Penjualan tunai mata uang asing Spot foreign currency sold
Pihak ketiga USD 11.329.940 182.355 Third parties
Penjualan tunai mata uang asing Spot foreign currency sold
Pihak berelasi USD 469.614 7.558 Related parties
EUR 665.000 11.144
18.702
201.057
31 Desember/31 December 2023
Mata uang asing
(nilai penuh)/
Foreign currencies
(full amount) Rupiah
Pembelian tunai mata uang asing Spot foreign currency bought
Pihak ketiga EUR 3.000.000 51.115 Third parties
GBP 4.000.000 78.506
USD 133.799.220 2.060.107
SGD 50.000 584
2.190.312
Pembelian tunai mata uang asing Spot foreign currency bought
Pihak berelasi EUR 2.000.000 34.077 Related parties
AUD 759.856 7.994
USD 9.389.127 144.564
GBP 10.000 196
186.831
2.377.143
129
Page 529
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
33. Transaksi Pembelian dan Penjualan Tunai 33. Spot Foreign Currency Bought and Sold
Mata Uang Asing (lanjutan) (continued)
Rincian nilai nominal atas pembelian dan The details of the notional values of spot foreign
penjualan tunai mata uang asing (spot) pada currencies bought and sold as of 31 December
tanggal 31 Desember 2024 dan 2023 adalah 2024 and 2023 are as follows: (continued)
sebagai berikut: (lanjutan)
31 Desember/31 December 2023
Mata uang asing
(nilai penuh)/
Foreign currencies
(full amount) Rupiah
Penjualan tunai mata uang asing Spot foreign currency sold
Pihak ketiga EUR 5.000.000 85.192 Third parties
GBP 3.000.000 58.880
USD 108.274.351 1,667.100
1.811.172
Penjualan tunai mata uang asing Spot foreign currency bought
Pihak berelasi EUR 425.000 7.241 Related parties
AUD 219.000 2.304
USD 5.076.642 78.165
87.710
1.898.882
34. Komitmen dan Kontinjensi 34. Commitments and Contingencies
Bank memiliki tagihan dan liabilitas komitmen dan The Bank’s commitments and contingencies are as
kontinjensi sebagai berikut: follows:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Komitmen Commitments
Tagihan komitmen 131.655 85.307 Commitment receivables
Liabilitas komitmen Commitment liabilities
Fasilitas kredit yang belum
digunakan (86.823.557) (87.768.795) Unused loan facilities granted
Irrevocable letters of credit Outstanding irrevocable
yang masih berjalan (1.491.969) (1.502.308) letters of credit
Liabilitas komitmen - neto (88.183.871) (89.185.796) Commitment liabilities - net
130
Page 530
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
34. Komitmen dan Kontinjensi (lanjutan) 34. Commitments and Contingencies (continued)
Bank memiliki tagihan dan liabilitas komitmen dan The Bank’s commitments and contingencies are as
kontinjensi sebagai berikut: (lanjutan) follows: (continued)
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Kontinjensi Contingencies
Liabilitas kontinjensi Contingent liabilities
Bank garansi (2.837.700) (2.532.256) Bank guarantees
Standby letters of credit (2.130.793) (1.649.629) Standby letters of credit
Liabilities kontinjensi - neto (4.968.493) (4.181.885) Contingent liabilities - net
Liabilitas komitmen dan Commitments and contingent
kontinjensi - neto (93.152.364) (93.367.681) liabilities - net
Perubahan cadangan kerugian penurunan nilai The movements in the allowance for impairment
adalah sebagai berikut: losses are as follows:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
31 Desember 2022 198.334 67.653 - 265.987 31 December 2022
Aset baru 148.256 54.364 - 202.620 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized or
dilunasi (kecuali hapus buku) (43.340 ) (21.407) - (64.747) repaid (excluding write-offs)
Transfer ke Tahap 1 (11.875 ) 11.875 - - Transfers to Stage 1
Transfer ke Tahap 2 702 (702) - - Transfers to Stage 2
Transfer ke Tahap 3 1 (1) - - Transfers to Stage 3
Pengukuran kembali (13.326) (10.674) - (24.000) Remeasurement
-
31 Desember 2023 278.752 101.108 - 379.860 31 December 2023
Aset baru 49.558 27.278 - 76.836 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized or
dilunasi (kecuali hapus buku) (68.397) (57.394) - (125.791) repaid (excluding write-offs)
Transfer ke Tahap 1 35.849 (35.849) - - Transfers to Stage 1
Transfer ke Tahap 2 (1.477) 1.477 - - Transfers to Stage 2
Transfer ke Tahap 3 (2) 2 - - Transfers to Stage 3
Pengukuran kembali (38.457) 46.226 - 7.769 Remeasurement
-
31 Desember 2024 255.826 82.848 - 338.674 31 December 2024
131
Page 531
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
35. Liabilitas atas Imbalan Kerja 35. Liability for Employee Benefits
Bank memiliki program pensiun iuran pasti dan The Bank has defined contribution retirement plan
juga mencatat liabilitas estimasi imbalan kerja and also recognized estimated liability for
atas uang pesangon, uang penghargaan masa termination, gratuity and compensation benefits to
kerja dan ganti kerugian kepada karyawan untuk cover any deficiency as provided, which the
menutupi kemungkinan kekurangan, dimana calculation as of 31 December 2024 and 2023 in
untuk perhitungan pada tanggal 31 Desember accordance with Law No. 6 of 2023 on
2024 dan 2023 sesuai dengan Undang-Undang Employment, Government Regulation No. 35 of
No. 6 Tahun 2023 tentang Ketenagakerjaan, PP 2021 and the Bank’s labor agreement.
No. 35 Tahun 2021 dan perjanjian
ketenagakerjaan Bank.
Program pensiun iuran pasti Bank dikelola oleh The Bank’s defined contribution retirement plan is
Dana Pensiun Lembaga Keuangan (DPLK) managed by Dana Pensiun Lembaga Keuangan
Manulife Indonesia (pihak ketiga). Iuran yang (DPLK) Manulife Indonesia (a third party). The
dibayarkan kepada DPLK pada tahun yang contribution retirement paid to DPLK for the years
berakhir pada tanggal 31 Desember 2024 dan ended 31 Desember 2024 and 2023 amounting to
2023 masing-masing sebesar Rp164.004 dan Rp164,004 and Rp133,881, respectively.
Rp133.881.
Iuran pensiun ditetapkan sebesar 16% dari gaji The pension contribution is determined at 16% of
karyawan peserta dana pensiun, dimana sebesar the employees’ salary who joined the pension plan,
10% ditanggung oleh Bank dan sisanya 6% of which 10% is contributed by the Bank and the
ditanggung oleh karyawan. Sejak tanggal 1 Juni remaining 6% is contributed by the employees.
2023, Bank merubah ketentuan, yaitu iuran Since 1 June 2023, the Bank has changed the
pensiun ditetapkan dengan minimal 10% dari gaji provisions, namely pension contribution is
karyawan peserta dana pensiun, dan bisa determined at a minimum of 10% of the employees’
ditambahkan dari karyawan secara sukarela salary who participating in the pension fund, and
sesuai dengan pilihan yang ditentukan Bank. can be added from employees voluntarily
Beban pensiun Bank pada tahun yang berakhir according to the options determined by the Bank.
pada tanggal 31 Desember 2024 dan 2023 The Bank’s pension expense for the years ended
masing-masing berjumlah sebesar Rp116.409 31 December 2024 and 2023 amounting to
dan Rp91.549. Rp116,409 and Rp91,549, respectively.
Estimasi liabilitas imbalan kerja karyawan pada The estimated liabilities for employee benefits as of
tanggal 31 Desember 2024 dan 2023 dicatat 31 December 2024 and 2023 were determined
berdasarkan penilaian aktuaria yang masing- based on the actuarial valuations performed by
masing dilakukan oleh Kantor Konsultan Aktuaria Kantor Konsultan Aktuaria Santhi Devi dan
Santhi Devi dan Ardianto Handoyo, aktuaris Ardianto Handoyo, independent actuary, in their
independen, berdasarkan laporannya bertanggal reports dated 16 January 2025 and Kantor
16 Januari 2025 dan Kantor Konsultan Aktuaria Konsultan Aktuaria Steven & Mourits, the
Steven & Mourits, aktuaris independen, independent actuary, in their reports dated
berdasarkan laporannya bertanggal 2 Januari 2 January 2024, using the “Projected Unit Credit”
2024, dengan menggunakan metode “Projected method.
Unit Credit”.
132
Page 532
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
35. Liabilitas atas Imbalan Kerja (lanjutan) 35. Liability for Employee Benefits (continued)
Asumsi-asumsi penting yang digunakan dalam The principal assumptions used in the valuations
penilaian tersebut adalah sebagai berikut: are as follows:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Tingkat bunga diskonto 6,60% 6,60% Discount interest rate
Tingkat proyeksi kenaikan gaji 4,50% 4,50% Salary increase projection rate
Tabel kematian TMI 2019 TMI 2019 Mortality table
Tingkat cacat 1% of mortality rate 1% of mortality rate Disability rate
Usia pensiun (tahun) 55 55 Retirement age (years old)
Tingkat pengunduran diri Turnover rate
Umur 25-29 12,50% 12,50% Age 25-29
Umur 30-34 10,00% 10,00% Age 30-34
Umur 35-39 7,50% 7,50% Age 35-39
Umur 40-44 5,00% 5,00% Age 40-44
Umur 45-49 2,50% 2,50% Age 45-49
Umur 50-54 2,00% 2,00% Age 50-54
Umur >54 0,00% 0,00% Age >54
Beban imbalan kerja Employee benefits expenses
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Beban jasa kini 55.108 40.510 Current service cost
Biaya jasa lalu - amendemen program - 43.700 Past service cost - benefit changes
Beban bunga 20.368 16.659 Interest cost
Pengakuan kerugian aktuaria 5.360 398 Recognition of actuarial loss
Beban imbalan kerja 80.836 101.267 Employee benefits expense
Nilai kini liabilitas imbalan kerja Present value of benefit obligations
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Nilai kini liabilitas imbalan kerja, Present value of benefit obligation,
awal tahun 344.372 258.405 beginning of the year
Beban jasa kini 55.108 40.510 Current service cost
Biaya jasa lalu - amendemen program - 43.700 Past service cost - benefit changes
Beban bunga 20.368 16.659 Interest cost
Penyesuaian kewajiban atas Liability adjustment from
transfer karyawan ex-Citi - 8.895 transfer of employee ex-Citi
Pembayaran manfaat (29.794) (20.373) Payments of benefits
Pengukuran kembali aktuarial 43.480 (3.822) Remeasurement of defined benefit plan
Pengakuan kerugian aktuaria 5.360 398 Recognition of actuarial loss
Nilai kini liabilitas imbalan kerja, Present value of benefit obligations,
akhir tahun 438.894 344.372 end of year
133
Page 533
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
35. Liabilitas atas Imbalan Kerja (lanjutan) 35. Liability for Employee Benefits (continued)
Jumlah penyesuaian yang timbul pada liabilitas The amounts of experience adjustments arising
program untuk tahun yang berakhir pada tanggal on the plan liabilities for the year ended
31 Desember 2024 dan posisi empat tahun 31 December 2024 and previous four years are as
sebelumnya adalah sebagai berikut (tidak follows (unaudited):
diaudit):
31 Desember/31 December
2024 2023 2022 2021 2020
Present value of benefit
Nilai kini liabilitas 438.894 344.009 258.405 278.566 301.036 obligation
Experience adjustment on
Penyesuaian liabilitas 39.354 (7.336) 4.323 (19.604) (18.352) liability
Perubahan liabilitas atas imbalan kerja untuk The movements of employee benefits liability for
tahun yang berakhir pada tanggal 31 Desember the years ended 31 December 2024 and 2023 are
2024 dan 2023 adalah sebagai berikut: as follows:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Saldo awal tahun 344.372 258.405 Beginning balance
Beban imbalan kerja Employee benefits expense
tahun berjalan 80.836 101.267 during the year
Total yang diakui di penghasilan Total amount recognized in
komprehensif lainnya 43.480 (3.822) other comprehensive income
Penyesuaian kewajiban atas Liability adjustment from
Transfer karyawan ex-Citi - 8.895 transfer of employee ex-Citi
Pembayaran manfaat (29.794) (20.373) Payments of benefits
Saldo akhir tahun 438.894 344.372 Ending balance
Tabel berikut menunjukkan analisa sensitivitas The tables below show the sensitivity analysis of
nilai kini liabilitas imbalan kerja diasumsikan the present value of employee benefit obligation in
terdapat perubahan atas tingkat diskonto dan the assumed changes in the discount rate and
tingkat kenaikan upah (tidak diaudit): salary increment rate (unaudited):
Tingkat Diskonto Discount Rate
Nilai kini liabilitas/
Present value of employee
Perubahan benefit obligation
persentase/
Percentage 31 Desember/ 31 Desember/
change 31 December 2024 31 December 2023
+1% (422.379) (329.158)
-1% 456.930 361.112
Tingkat Kenaikan Upah Salary Increment Rate
Nilai kini liabilitas/
Present value of employee
Perubahan benefit obligation
persentase/
Percentage 31 Desember/ 31 Desember/
change 31 December 2024 31 December 2023
+1% 465.435 370.352
-1% (414.693) (321.647)
134
Page 534
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
35. Liabilitas atas Imbalan Kerja (lanjutan) 35. Liability for Employee Benefits (continued)
Jatuh tempo dari liabilitas imbalan kerja pada The maturity of the benefits obligation as of
tanggal 31 Desember 2024 dan 2023 adalah 31 December 2024 and 2023 are as follows
sebagai berikut (tidak diaudit): (unaudited):
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Dalam waktu 12 bulan berikutnya 113.407 71.546 Within the next 12 months
Antara 1 dan 2 tahun 68.064 58.146 Between 1 and 2 years
Antara 2 dan 5 tahun 200.011 169.980 Between 2 and 5 years
Antara 5 dan 10 tahun 333.114 264.536 Between 5 and 10 years
Di atas 10 tahun 601.599 553.795 Beyond 10 years
Total 1.316.195 1.118.003 Total
Durasi rata-rata liabilitas imbalan kerja pada The average duration of employees’ benefits
tanggal 31 Desember 2024 dan 2023 adalah liability as of 31 December 2024 and 2023 are 4.9
masing-masing selama 4,9 tahun dan 8,10 tahun years and 8.10 years, respectively (unaudited).
(tidak diaudit).
36. Jaminan Pemerintah terhadap Liabilitas 36. The Government Guarantee for The Payment of
Pembayaran Bank Umum Obligations of Commercial Banks
Berdasarkan Undang-Undang No. 24 tentang Based on Law No. 24 regarding the Indonesia
Lembaga Penjaminan Simpanan (“LPS”) tanggal Deposit Insurance Agency (“LPS”) dated
22 September 2004, efektif sejak tanggal 22 September 2004, effective on 22 September
22 September 2005, sebagaimana diubah 2005, which was amended by the Law No. 7 Year
dengan Undang-Undang No. 7 Tahun 2009 2009 dated 13 January 2009 regarding the
tanggal 13 Januari 2009 tentang Penetapan Stipulation of Government Regulation No. 3 Year
Peraturan Pemerintah Pengganti Undang- 2008, LPS was formed to guarantee certain
Undang No. 3 Tahun 2008, LPS dibentuk untuk obligations of commercial banks under the
menjamin liabilitas tertentu bank-bank umum applicable guarantee program, in which the amount
berdasarkan program penjaminan yang berlaku, of guarantee can vary if it meets the applicable
yang besaran nilai jaminannya dapat berubah jika criteria.
memenuhi kriteria tertentu yang berlaku.
Berdasarkan Peraturan Pemerintah No.66 Tahun Based on Government Regulation No. 66 year
2008 tanggal 13 Oktober 2008 tentang Besaran 2008 dated 13 October 2008 regarding the Amount
Nilai Simpanan yang Dijamin Lembaga Penjamin of Deposit Guaranteed by LPS, which was
Simpanan, yang disempurnakan melalui enhanced by LPS Regulation No. 2/PLPS/2010
Peraturan LPS No. 2/PLPS/2010 tanggal dated 25 November 2010 regarding the Deposit
25 November 2010 tentang Program Penjaminan Insurance Program, that the balance guaranteed
Simpanan bahwa saldo yang dijamin untuk setiap for each customer at one Bank is a maximum of
nasabah pada satu Bank adalah paling tinggi Rp2,000,000,000 (full amount).
sebesar Rp2.000.000.000 (nilai penuh).
Pada tanggal 31 Desember 2024 As of 31 December 2024 based on the LPS
berdasarkan Pengumuman LPS No.Peng- Announcement No.Peng-3/DSPS/2024 dated
3/DSPS/2024 tanggal 28 Mei 2024, simpanan 28 May 2024, customer deposits are only covered
nasabah dijamin hanya jika suku bunganya sama if the interest rate is equal to or below 4.25% for
dengan atau dibawah 4,25% untuk simpanan deposits denominated in Rupiah and equal to or
dalam Rupiah dan sama dengan atau dibawah below 2.25% for deposits denominated in foreign
2,25% untuk simpanan dalam valuta asing. currency.
135
Page 535
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
36. Jaminan Pemerintah terhadap Liabilitas 36. The Government Guarantee for The Payment of
Pembayaran Bank Umum (lanjutan) Obligations of Commercial Banks (continued)
Pada tanggal 31 Desember 2023 As of 31 December 2023 based on the LPS
berdasarkan Pengumuman LPS No.Peng- Announcement No.Peng-11/DSPS/2023 dated
11/DSPS/2023 tanggal 26 September 2023, 26 September 2023, customer deposits are only
simpanan nasabah dijamin hanya jika suku covered if the interest rate is equal to or below
bunganya sama dengan atau dibawah 4,25% 4.25% for deposits denominated in Rupiah and
untuk simpanan dalam Rupiah dan sama dengan equal to or below 2.25% for deposits denominated
atau dibawah 2,25% untuk simpanan dalam in foreign currency.
valuta asing.
Pada tanggal 31 Desember 2024 dan 2023, Bank As of 31 December 2024 and 2023, the Bank is a
adalah peserta dari program penjaminan participant of that guarantee program.
tersebut.
37. Sifat dan Transaksi dengan Pihak Berelasi 37. Nature and Transaction Balances with Related
Parties
Pihak berelasi/ Sifat dari hubungan/ Sifat dari transaksi/
Related parties Nature of relationship Nature of transaction
Kredit yang diberikan, Simpanan dari nasabah,
Dewan Komisaris dan Direksi/
Karyawan kunci dan pengurus/ Pendapatan dan beban bunga/
The Board of Commissioners and
Key employees and management Loans, Deposits from customers, Interest income
the Directors
and expense
Giro pada bank lain, Tagihan dan liabilitas derivatif,
Simpanan dari bank lain, Aset lain-lain: tagihan
spot, Liabilitas akseptasi, Liabilitas lain-lain: biaya
yang masih harus dibayar dan liabilitas spot,
Arrangement fee, Pendapatan dan beban dari
transaksi derivatif dan spot, Beban bunga, Biaya
outsourcing, Counter guarantee, Setoran jaminan,
United Overseas Bank Ltd.,
beban sewa, pemeliharaan & lainnya/
Singapura/ Pemegang saham akhir/
Current accounts with other banks, Derivative
United Overseas Bank Ltd., Ultimate shareholder
receivables and payables, Deposits from other
Singapore
banks, Other assets: spot receivables, acceptance
liabilities, Other liabilities: accrued expenses and
spot payable, Arrangement fee, Income and
expense from derivative and spot transaction,
Interest expense, Outsourcing cost, Counter
guarantee, Guarantee deposits, Rental,
maintenance, and other cost
United Overseas Bank Ltd., Tokyo/ Mempunyai induk yang sama/ Giro pada bank lain/
United Overseas Bank Ltd., Tokyo Owned by the same shareholder Current accounts with other banks
Giro pada bank lain, Tagihan Derivatif, Liabilitas
United Overseas Bank Ltd., Hong lain-lain: liabilitas spot, Pendapatan dan beban dari
Kong/ Mempunyai induk yang sama/ transaksi derivatif dan spot/
United Overseas Bank Ltd., Hong Owned by the same shareholder Current accounts with other banks, Derivative
Kong Receivable, Other liabilities: spot payable, Income
and expense from derivative and spot transaction
United Overseas Bank Ltd.,
Sydney/ Mempunyai induk yang sama/ Giro pada bank lain/
United Overseas Bank Ltd., Owned by the same shareholder Current accounts with other banks
Sydney
136
Page 536
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
37. Sifat dan Transaksi dengan Pihak Berelasi 37. Nature and Transaction Balances with Related
(lanjutan) Parties (continued)
Pihak berelasi/ Sifat dari hubungan/ Sifat dari transaksi/
Related parties Nature of relationship Nature of transaction
____________________________________________ ___________________________________________ _________________________________________________________________
Giro pada bank lain, Simpanan dari bank lain,
United Overseas Bank Ltd.,
Liabilitas akseptasi, Counter guarantee/
Malaysia/ Mempunyai induk yang sama/
Current accounts with other banks, Deposits from
United Overseas Bank Ltd., Owned by the same shareholder
other banks, acceptance liabilities, Counter
Malaysia
guarantee
United Overseas Bank Ltd.,
Shanghai/ Mempunyai induk yang sama/ Giro pada bank lain/
United Overseas Bank Ltd., Owned by the same shareholder Current accounts with other banks
Shanghai
United Overseas Bank Ltd.,
Giro pada bank lain, Simpanan dari bank lain/
Thailand/ Mempunyai induk yang sama/
Current accounts with other banks, Deposits from
United Overseas Bank Ltd., Owned by the same shareholder
other banks
Thailand
Simpanan dari bank lain, Tagihan derivatif, Aset
lain-lain: tagihan spot, Liabilitas derivatif, Beban dari
transaksi derivatif dan spot, Arrangement fee/
United Overseas Bank Ltd., China/ Mempunyai induk yang sama/
Deposits from other banks, Derivative receivables,
United Overseas Bank Ltd., China Owned by the same shareholder
Other assets: spot receivables, Derivative payables,
Expense from derivative and spot transaction,
Arrangement fee
Tagihan dan liabilitas derivatif, Simpanan dari
nasabah, Pendapatan komisi, Pendapatan dan
beban dari transaksi derivatif dan spot, Beban
UOB Kay Hian Credit Pte., Ltd./ Mempunyai induk yang sama/
bunga/
UOB Kay Hian Credit Pte., Ltd. Owned by the same shareholder
Derivative receivables and payables, Deposit from
customer, Fee income, Income and expense from
derivative and spot transaction, Interest expense
Beban bunga, Pendapatan komisi, Bank Garansi,
PT UOB Kay Hian Securities/ Mempunyai induk yang sama/ Simpanan dari nasabah/
PT UOB Kay Hian Securities Owned by the same shareholder Interest expense, Fee income, Bank Guarantee,
Deposit from customer
Simpanan dari nasabah, Pendapatan dari transaksi
derivatif dan spot, Beban bunga, Beban sewa,
PT UOB Property/ Mempunyai induk yang sama/ pemeliharaan dan lainnya, Pendapatan bunga/
PT UOB Property Owned by the same shareholder Deposit from customer, Income from derivative and
spot transaction, Interest expense, Rental expense,
Maintenance and other cost, Interest income
Aset lain-lain: Tagihan spot, Pendapatan dan beban
dari transaksi derivatif dan spot, Beban bunga,
Tagihan dan liabilitas derivatif, Simpanan dari
UOB Kay Hian Pte., Ltd./ Mempunyai induk yang sama/ nasabah, Pendapatan komisi/
UOB Kay Hian Pte., Ltd. Owned by the same shareholder Other assets: Spot receivables, Income and
expense from derivative and spot transaction,
Interest expense, Derivative receivables and
payables, Deposit from customer, Commission Fee
Simpanan dari nasabah, Beban bunga, Beban
PT Avatec Services Indonesia/ Mempunyai induk yang sama/
pemeliharaan/Deposits from customers, Interest
PT Avatec Services Indonesia Owned by the same shareholder
expense, Maintenance fee
137
Page 537
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
37. Sifat dan Transaksi dengan Pihak Berelasi 37. Nature and Transaction Balances with Related
(lanjutan) Parties (continued)
Pihak berelasi/ Sifat dari hubungan/ Sifat dari transaksi/
Related parties Nature of relationship Nature of transaction
____________________________________________ ___________________________________________ _________________________________________________________________
UIC Asian Computer Services
Pte., Ltd/ Mempunyai induk yang sama/ Beban pemeliharaan dan lainnya/
UIC Asian Computer Services Owned by the same shareholder Maintenance fee and others
Pte., Ltd
UOB Travel Planner Pte., Ltd./ Mempunyai induk yang sama/ Beban pemeliharaan dan lainnya/
UOB Travel Planner Pte., Ltd. Owned by the same shareholder Maintenance fee and others
Junipa Pte., Ltd./ Mempunyai induk yang sama/
Security agent fee
Junipa Pte., Ltd. Owned by the same shareholder
UOB Asset Management Simpanan dari nasabah, Beban bunga, Selling
Indonesia/ Mempunyai induk yang sama/ agent fee, Support service fee/
UOB Asset Management Owned by the same shareholder Deposits from customers, Interest expense, Selling
Indonesia agent fee, Support service fee
Dalam menjalankan kegiatan usahanya, Bank In the normal course of business, the Bank enters
melakukan transaksi-transaksi tertentu dengan into certain transactions with related parties under
pihak berelasi dengan persyaratan dan kondisi similar terms and conditions as those with third
yang sama dengan yang berlaku bagi pihak parties, except for loans to its employees.
ketiga, kecuali kredit yang diberikan kepada
karyawan.
Rincian dari transaksi dengan pihak berelasi The details of transactions with related parties are
adalah sebagai berikut: as follows:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Aset Assets
Current accounts with other banks
Giro pada bank lain (Catatan 6) (Note 6)
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura 22.532 20.525 Singapore
United Overseas Bank Ltd., Hong Kong 6.050 6.004 United Overseas Bank Ltd., Hong Kong
United Overseas Bank Ltd., Tokyo 4.020 2.730 United Overseas Bank Ltd., Tokyo
United Overseas Bank Ltd., Shanghai 2.016 11.457 United Overseas Bank Ltd., Shanghai
United Overseas Bank Ltd., Sydney 759 598 United Overseas Bank Ltd., Sydney
United Overseas Bank Ltd., Thailand 142 144 United Overseas Bank Ltd., Thailand
United Overseas Bank Ltd., Malaysia 74 72 United Overseas Bank Ltd., Malaysia
35.593 41.530
Persentase terhadap jumlah aset 0,02% 0,03% Percentage to total assets
Investasi keuangan (Catatan 9) Financial investments (Note 9)
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura 19.183 56.999 Singapore
Persentase terhadap jumlah aset 0,01% 0,04% Percentage to total assets
Tagihan derivatif Derivative receivables
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura 544.832 236.624 Singapore
United Overseas Bank Ltd., United Overseas Bank Ltd.,
China 422 2.034 China
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Hong Kong - 1.567 Hong Kong
UOB Kay Hian Credit Pte. Ltd. - 64 UOB Kay Hian Credit Pte. Ltd
545.254 240.289
Persentase terhadap jumlah aset 0,35% 0,15% Percentage to total assets
138
Page 538
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
37. Sifat dan Transaksi dengan Pihak Berelasi 37. Nature and Transaction Balances with Related
(lanjutan) Parties (continued)
Rincian dari transaksi dengan pihak berelasi The details of transactions with related parties are
adalah sebagai berikut: (lanjutan) as follows: (continued)
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Aset (lanjutan) Assets (continued)
Kredit yang diberikan (Catatan 11) 74.305 52.036 Loans (Note 11)
Persentase terhadap jumlah aset 0,05% 0,03% Percentage to total assets
Aset lain-lain Other Assets
Tagihan spot Spot receivable
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura 49 49 Singapore
UOB Kay Hian Pte., Ltd. - 154 UOB Kay Hian Pte., Ltd.
United Overseas Bank Ltd., United Overseas Bank Ltd.,
China - 17 China
49 220
Persentase terhadap jumlah aset 0,00% 0,00% Percentage to total assets
Liabilitas Liabilities
Simpanan dari nasabah Deposits from customers
Deposito berjangka (Catatan 19) 145.485 172.618 Time deposits (Note 19)
Giro (Catatan 17) 170.905 169.624 Demand deposits (Note 17)
Tabungan (Catatan 18) 132.128 110.788 Saving deposits (Note 18)
448.518 453.030
Persentase terhadap jumlah liabilitas 0,32% 0,31% Percentage to total liabilities
Simpanan dari bank lain Deposits from other banks
(Catatan 20) (Note 20)
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura 2.420.311 47.960 Singapore
United Overseas Bank Ltd., United Overseas Bank Ltd.,
China 1.944 8.984 China
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Malaysia 986 3.056 Malaysia
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Thailand 740 438 Thailand
2.423.981 60.438
Persentase terhadap jumlah liabilitas 1,75% 0,04% Percentage to total liabilities
Liabilitas derivatif Derivative payables
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura 1.172.211 524.780 Singapore
United Overseas Bank Ltd., United Overseas Bank Ltd.,
China 4.483 815 China
UOB Kay Hian Credit Pte., Ltd. - 56 UOB Kay Hian Credit Pte., Ltd.
1.176.694 525.651
Persentase terhadap jumlah liabilitas 0,85% 0,36% Percentage to total liabilities
139
Page 539
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
37. Sifat dan Transaksi dengan Pihak Berelasi 37. Nature and Transaction Balances with Related
(lanjutan) Parties (continued)
Rincian dari transaksi dengan pihak berelasi The details of transactions with related parties are
adalah sebagai berikut: (lanjutan) as follows: (continued)
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Liabilitas (lanjutan) Liabilities (continued)
Liabilitas akseptasi Acceptance payables
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura 5.736 10.368 Singapore
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Malaysia 4.270 3.677 Malaysia
10.006 14.045
Persentase terhadap jumlah liabilitas 0,01% 0,01% Percentage to total liabilities
Liabilitas spot Spot payable
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura 29 282 Singapore
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Hong Kong - 43 Hong Kong
29 325
Persentase terhadap jumlah liabilitas 0,00% 0,00% Percentage to total liabilities
Liabilitas lain-lain Other liabilities
Biaya yang masih harus dibayar Accrued expenses
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura 244.696 158.545 Singapore
Persentase terhadap jumlah liabilitas 0,18% 0,11% Percentage to total liabilities
Setoran Jaminan Margin deposits
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura 894.197 752.297 Singapore
Persentase terhadap jumlah liabilitas 0,65% 0,52% Percentage to total liabilities
Pendapatan Income
Pendapatan bunga (Catatan 28) Interest income (Note 28)
Kredit yang diberikan 4.255 4.012 Loans
Persentase terhadap Percentage to
jumlah pendapatan bunga 0,04% 0,04% total interest income
Security agent fee Security agent fee
Junipa Pte., Ltd. 360 360 Junipa Pte., Ltd.
Arrangement fee Arrangement fee
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura 27.689 10.568 Singapore
United Overseas Bank Ltd., United Overseas Bank Ltd.,
China 3.288 1.249 China
Pendapatan Komisi Fee Income
UOB Kay Hian Securities 3.713 6.952 UOB Kay Hian Securities
UOB Kay Hian Pte., Ltd. - 4.049 UOB Kay Hian Pte., Ltd.
UOB Kay Hian Credit Pte., Ltd. 354 747 UOB Kay Hian Credit Pte., Ltd.
Selling Fee Agent Selling Fee Agent
UOB Aset Management Indonesia 6.714 3.687 UOB Aset Management Indonesia
Support Service Fee Support Service Fee
UOB Aset Management Indonesia 1.525 1.130 UOB Aset Management Indonesia
140
Page 540
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
37. Sifat dan Transaksi dengan Pihak Berelasi 37. Nature and Transaction Balances with Related
(lanjutan) Parties (continued)
Rincian dari transaksi dengan pihak berelasi The details of transactions with related parties are
adalah sebagai berikut: (lanjutan) as follows: (continued)
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Pendapatan (lanjutan) Income (continued)
Counter Guarantee Counter Guarantee
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Malaysia 183 340 Malaysia
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura 1.235 31 Singapore
45.061 29.113
Persentase terhadap jumlah Percentage to administration fees
komisi dan jasa administrasi - neto 13,65% 10,99% and commissions - net
Pendapatan (beban) dari transaksi Income (expense) from derivative
derivatif dan spot (30.492) 184.658 and spot transaction
Beban Expense
Beban bunga (Catatan 29) Interest expense (Note 29)
Efek utang yang diterbitkan - 54 Debt securities issued
Giro 3.056 2.952 Demand deposits
Deposito berjangka 7.428 6.847 Time deposits
Tabungan 3.688 3.446 Saving deposits
Simpanan dari bank lain Deposits from other banks
Call Money - 6.975 Call Money
Pinjaman yang diterima 9.627 17.451 Borrowings
Setoran Jaminan Margin deposits
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura 29.136 32.821 Singapore
52.935 70.546
Persentase terhadap Percentage to
jumlah beban bunga 0,94% 1.54% total interest expense
Biaya outsourcing (Catatan 30) Outsourcing cost (Note 30)
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura Singapore
Dikapitalisasi ke aset tetap Capitalized to fixed assets
peralatan kantor 190.529 284.176 office equipment
Dibebankan atas aplikasi 291.047 228.298 Charged for software
141
Page 541
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
37. Sifat dan Transaksi dengan Pihak Berelasi 37. Nature and Transaction Balances with Related
(lanjutan) Parties (continued)
Rincian dari transaksi dengan pihak berelasi The details of transactions with related parties are
adalah sebagai berikut: (lanjutan) as follows: (continued)
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Beban (lanjutan) Expense (continued)
Beban sewa, pemeliharaan dan lainnya Rental, maintenance fee and others
UIC Asian Computer Services 156.403 66.864 UIC Asian Computer Services
PT UOB Property 29.812 51.011 PT UOB Property
PT Avatec Services Indonesia 2.530 9.284 PT Avatec Services Indonesia
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura - 355 Singapore
UOB Travel Planner Pte., Ltd. 2.022 560 UOB Travel Planner Pte., Ltd.
672.343 640.548
Persentase terhadap jumlah Percentage to general
beban umum dan administrasi 22,83% 24,35% and administrative expenses
Gaji dan kesejahteraan karyawan Salaries and employees’ benefits
Imbalan kerja jangka pendek 122.296 96.194 Short-term employee benefits
Imbalan kerja jangka panjang 15.793 12.588 Long-term employee benefits
Imbalan pasca kerja 1.786 1.707 Post-employment benefits
139.875 110.489
Persentase terhadap jumlah Percentage to salaries
gaji dan kesejahteraan karyawan 4,88% 4,63% and employees’ benefits
Keterangan: Notes:
a. Persentase dari giro pada bank lain, investasi a. The percentages of current accounts with
keuangan, tagihan derivatif, kredit yang other banks, financial investments, derivative
diberikan dan aset lain-lain dihitung terhadap receivables, loans and other assets are
total aset pada masing-masing tanggal computed based on the total assets at
laporan posisi keuangan. statement of financial position dates.
b. Persentase dari giro, tabungan, deposito b. The percentages of demand deposits, saving
berjangka, simpanan dari bank lain, liabilitas deposits, time deposits, deposits from other
derivatif, liabilitas atas surat berharga yang banks, derivative payables, liabilities on
dijual dengan janji dibeli kembali, efek utang securities sold under repurchase agreements,
yang diterbitkan, biaya yang masih harus debt securities issued, accrued expenses and
dibayar dan liabilitas lain-lain dihitung other liabilities are computed based on the
terhadap total liabilitas pada masing-masing total liabilities at statement of financial position
tanggal laporan posisi keuangan. dates.
c. Persentase dari beban pemeliharaan gedung c. The percentages of building maintenance
dihitung terhadap total beban umum dan expenses are computed based on the total
administrasi untuk masing-masing tahun general and administrative expenses in each
yang bersangkutan. Beban pemeliharaan related year. The building maintenance
gedung merupakan beban pemeliharaan expense represents the maintenance
atas gedung UOB Plaza - Thamrin Nine yang expenses of UOB Plaza - Thamrin Nine which
dibayarkan ke PT UOB Property. was paid to PT UOB Property.
d. Persentase dari beban umum dan d. The percentage of other general and
administrasi lainnya dihitung terhadap total administrative expenses is computed based
beban umum dan administrasi untuk masing- on the total general and administrative
masing tahun yang bersangkutan. expenses for each year.
142
Page 542
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan Untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
37. Sifat dan Transaksi dengan Pihak Berelasi 37. Nature and Transaction Balances with Related
(lanjutan) Parties (continued)
Keterangan: (lanjutan) Notes: (continued)
e. Biaya Outsourcing merupakan biaya yang e. Outsourcing costs represent costs charged by
dibebankan oleh United Overseas Bank United Overseas Bank Limited (UOB) to the
Limited (UOB) kepada Bank sehubungan Bank in connection with the Master
dengan Master Technology and Operations Technology and Operations Services
Services Agreement (MTOSA), dimana UOB Agreement (MTOSA), whereby UOB renders
memberikan peningkatan sistem dan system enhancement and information
layanan terkait teknologi informasi pada kartu technology related services on credit card,
kredit, treasury dan aplikasi sistem umum di treasury and common system application in
Bank. Sebagai kompensasi atas layanan, the Bank. As compensation to the services the
Bank wajib membayar biaya satu kali dan Bank is obliged to pay one-time cost and
biaya berulang seperti biaya pengembangan recurring costs such as development and
dan peningkatan atas aplikasi yang enhancement costs on the application stated
tercantum dalam perjanjian. Persentase in the agreement. Certain percentage of these
tertentu dari biaya outsourcing ini outsourcing costs were capitalized to fixed
dikapitalisasi ke aktiva tetap sebagai modal assets as start-up and inseparable part of fixed
awal dan bagian yang tidak terpisahkan dari assets and a certain percentage were charged
aktiva tetap dan persentase tertentu to operations based on agreed calculations.
dibebankan pada operasi berdasarkan
perhitungan yang disepakati.
Sebagai imbalan atas jasa ini, Bank wajib As compensation to the services, the Bank is
membayar one time cost atas beban aktual obliged to pay one time cost and recurring
dan recurring cost atas beban pemeliharaan costs such as development and enhancement
serta biaya peningkatan sistem dan aplikasi costs on the application stated in the
teknologi informasi (enhancement cost) agreement.
seperti yang diungkapkan dalam perjanjian
tersebut.
f. Pendapatan dan beban bunga dari/kepada f. Interest income and expenses from/to related
pihak-pihak berelasi, yang dihasilkan/ parties, which are received/incurred by the
menjadi beban Bank berjumlah kurang dari Bank is less than 10% of the Bank’s total
10% dari jumlah pendapatan dan beban interest income and expenses, respectively,
bunga Bank untuk masing-masing tahun for each related year.
yang bersangkutan.
g. Imbalan kerja jangka pendek yang diterima g. Short-term employee benefits received by
oleh Dewan Komisaris dan Direksi Bank the Bank’s Board of Commissieoners and the
pada tahun yang berakhir pada tanggal Board of Directors for the year ended
31 Desember 2024 dan 2023 masing-masing 31 December 2024 and 2023 amounting to
sebesar Rp122.296 dan Rp96.194. Rp122,296 and Rp96,194, respectively.
Imbalan kerja jangka panjang yang diterima Long-term employee benefits received by the
oleh Dewan Komisaris dan Direksi untuk Bank’s Board of Commissioners and the
tahun yang berakhir pada tanggal Board of Directors for the years ended
31 Desember 2024 dan 2023 masing-masing 31 Desember 2024 and 2023 amounting to
sebesar Rp15.793 dan Rp12.588. Biaya Rp15,793 and Rp12,588, respectively.
yang dikeluarkan oleh Bank terkait program Expenses incurred by the Bank relating to
imbalan pasca kerja Dewan Komisaris dan post-employment benefits of the Bank’s Board
Direksi Bank dengan jumlah masing-masing of Commissioners and the Board of Directors
sebesar Rp1.786 dan Rp1.707, untuk tahun amounting to Rp1,786 and Rp1,707 for the
yang berakhir pada tanggal 31 Desember years ended 31 December 2024 and 2023,
2024 dan 2023 dan seperti yang respectively and which are disclosed in Note
diungkapkan pada Catatan 1b. 1b.
143
Page 543
The original financial statements included herein are in the Indonesian language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2022 dan untuk As of 31 December 2022
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
38. Jatuh Tempo Aset dan Liabilitas Bank 38. Remaining Maturity Periods of the Bank’s Assets and Liabilities
Aset dan liabilitas Bank pada tanggal 31 Desember 2024 dan 2023 berdasarkan waktu yang As of 31 December 2024 and 2023, the Bank’s assets and liabilities based on the
tersisa sampai dengan tanggal jatuh tempo adalah sebagai berikut: remaining period of maturities are as follows:
31 Desember/31 December 2024
Lebih dari Lebih dari Lebih dari
1 bulan 3 bulan 1 tahun
sampai dengan sampai dengan sampai dengan
Tanpa Sampai 3 bulan/ 12 bulan/ 5 tahun/ Lebih dari
jangka waktu/ dengan More than More than More than 5 tahun/
No contractual 1 bulan/ 1 month up to 3 months up to 1 year up to More than
Keterangan maturity up to 1 month 3 months 12 months 5 years 5 years Total Description
Aset Assets
Kas 681.840 - - - - - 681.840 Cash
Giro pada Bank Indonesia 5.798.664 - - - - - 5.798.664 Current accounts with Bank Indonesia
Giro pada bank lain - neto 821.513 - - - - - 821.513 Current accounts with other banks - net
Penempatan pada Bank Placements with Bank
Indonesia dan bank lain - neto - 3.657.057 - - - - 3.657.057 Indonesia and other banks - net
Efek-efek yang
diperdagangkan - 169.847 116.823 1.452.137 450.761 117.425 2.306.993 Trading securities
Investasi keuangan - neto - 1.117.164 7.002.022 7.032.873 9.018.309 8.282.458 32.452.826 Financial investments - net
Tagihan atas surat berharga Receivables on securities
yang dibeli dengan janji purchased with
dijual kembali - - - - 1.653.008 - 1.653.008 agreements to resell
Tagihan derivatif - 317.333 293.008 398.806 1.033.439 19.607 2.062.193 Derivative receivables
Kredit yang diberikan - neto - 17.571.660 15.158.107 36.594.966 18.377.179 8.750.344 96.452.256 Loans - net
Tagihan akseptasi - neto - 648.275 793.491 895.902 80.213 - 2.417.881 Acceptance receivables - net
Aset pajak tangguhan - neto 641.832 - - - - - 641.832 Deferred tax assets - net
Aset tetap dan aset hak guna 2.939.616 - - - - - 2.939.616 Fixed assets and right-of-use assets
Aset tidak berwujud 813.973 - - - - 282.667 1.096.640 Intangible assets
Aset lain-lain - neto 397.512 2.097.658 553.203 84.953 26.137 - 3.159.463 Other assets - net
Total Aset 12.094.950 25.578.994 23.916.654 46.459.637 30.639.046 17.452.501 156.141.782 Total Assets
144
Page 544
The original financial statements included herein are in the Indonesian language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2022 dan untuk As of 31 December 2022
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
38. Jatuh Tempo Aset dan Liabilitas Bank (lanjutan) 38. Remaining Maturity Periods of the Bank’s Assets and Liabilities (continued)
Aset dan liabilitas Bank pada tanggal 31 Desember 2024 dan 2023 berdasarkan waktu yang As of 31 December 2024 and 2023, the Bank’s assets and liabilities based on the
tersisa sampai dengan tanggal jatuh tempo adalah sebagai berikut: (lanjutan) remaining period of maturities are as follows: (continued)
31 Desember/31 December 2024
Lebih dari Lebih dari Lebih dari
1 bulan 3 bulan 1 tahun
sampai dengan sampai dengan sampai dengan
Tanpa Sampai 3 bulan/ 12 bulan/ 5 tahun/ Lebih dari
jangka waktu/ dengan More than More than More than 5 tahun/
No contractual 1 bulan/ 1 month up to 3 months up to 1 year up to More than
Keterangan maturity up to 1 month 3 months 12 months 5 years 5 years Total Description
Liabilitas Liabilities
Liabilitas segera - 504.053 - - - - 504.053 Current liabilities
Simpanan dari nasabah 67.150.561 21.734.599 18.082.211 7.228.162 2.613.821 102.396 116.911.750 Deposits from customers
Simpanan dari bank lain 66.509 2.759.250 326.900 1.287.600 - - 4.440.259 Deposits from other banks
Bunga yang masih harus
dibayar - 195.817 - - - - 195.817 Interest payables
Utang pajak - 105.211 - - - - 105.211 Tax payables
Liabilitas derivatif - 431.538 322.056 389.507 1.019.459 63.330 2.225.890 Derivative payables
Liabilitas akseptasi - 590.746 765.830 870.161 80.214 - 2.306.951 Acceptance liabilities
Liabilitas atas surat berharga Liabilities on securities
yang dijual dengan janji sold under
dibeli kembali - 5.576.054 - - - - 5.576.054 repurchase agreements
Liabilitas atas
Imbalan kerja - - 110.745 176.604 151.545 438.894 Liabilities for employee benefit
Efek utang yang
diterbitkan - - - 98.684 845.632 97.594 1.041.910 Debt securities issued
Liabilitas lain-lain 1.989.897 1.400.832 351.007 663.329 163.761 - 4.568.826 Other liabilities
Total Liabilitas 69.206.967 33.298.100 19.848.004 10.648.188 4.899.491 414.865 138.315.615 Total Liabilities
Neto (57.112.017) (7.719.105) 4.068.650 35.811.449 25.739.555 17.037.635 17.826.167 Net
.
145
Page 545
The original financial statements included herein are in the Indonesian language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2022 dan untuk As of 31 December 2022
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
38. Jatuh Tempo Aset dan Liabilitas Bank (lanjutan) 38. Remaining Maturity Periods of the Bank’s Assets and Liabilities (continued)
Aset dan liabilitas Bank pada tanggal 31 Desember 2024 dan 2023 berdasarkan waktu yang As of 31 December 2024 and 2023, the Bank’s assets and liabilities based on the
tersisa sampai dengan tanggal jatuh tempo adalah sebagai berikut: (lanjutan) remaining period of maturities are as follows: (continued)
31 Desember/31 December 2023
Lebih dari Lebih dari Lebih dari
1 bulan 3 bulan 1 tahun
sampai dengan sampai dengan sampai dengan
Tanpa Sampai 3 bulan/ 12 bulan/ 5 tahun/ Lebih dari
jangka waktu/ dengan More than More than More than 5 tahun/
No contractual 1 bulan/ 1 month up to 3 months up to 1 year up to More than
Keterangan maturity up to 1 month 3 months 12 months 5 years 5 years Total Description
Aset Assets
Kas 603.540 - - - - - 603.540 Cash
Giro pada Bank Indonesia 9.901.077 - - - - - 9.901.077 Current accounts with Bank Indonesia
Giro pada bank lain - neto 981.776 - - - - - 981.776 Current accounts with other banks - net
Penempatan pada Bank Placements with Bank
Indonesia dan bank lain - neto - 2.135.930 - - - - 2.135.930 Indonesia and other banks - net
Efek-efek yang
diperdagangkan - 2.031 2.647 689.630 579.802 1.484.126 2.758.236 Trading securities
Investasi keuangan - neto - 1.447.978 4.093.399 9.122.263 12.997.122 5.376.615 33.037.377 Financial investments - net
Tagihan atas surat berharga Receivables on securities
yang dibeli dengan janji purchased with
dijual kembali - 3.215.259 9.000.519 8.880.398 1.582.077 - 22.678.253 agreements to resell
Tagihan derivatif - 65.753 107.543 210.897 407.225 49.276 840.694 Derivative receivables
Kredit yang diberikan - neto - 5.506.456 11.928.852 30.750.222 20.251.496 11.474.816 79.911.842 Loans - net
Tagihan akseptasi - neto - 969.734 835.226 686.651 7.055 - 2.498.666 Acceptance receivables - net
Aset pajak tangguhan - neto 733.560 - - - - - 733.560 Deferred tax assets - net
Aset tetap dan aset hak guna 2.684.772 - - - - - 2.684.772 Fixed assets and right-of-use assets
Aset tidak berwujud 1.130.306 - - - - - 1.130.306 Intangible assets
Aset lain-lain - neto 523.289 1.520.082 536.525 45.527 24.854 - 2.650.277 Other assets - net
Total Aset 16.558.320 14.863.223 26.504.711 50.385.588 35.849.631 18.384.833 162.546.306 Total Assets
146
Page 546
The original financial statements included herein are in the Indonesian language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2022 dan untuk As of 31 December 2022
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
38. Jatuh Tempo Aset dan Liabilitas Bank (lanjutan) 38. Remaining Maturity Periods of the Bank’s Assets and Liabilities (continued)
Aset dan liabilitas Bank pada tanggal 31 Desember 2024 dan 2023 berdasarkan waktu yang As of 31 December 2024 and 2023, the Bank’s assets and liabilities based on the
tersisa sampai dengan tanggal jatuh tempo adalah sebagai berikut: (lanjutan) remaining period of maturities are as follows: (continued)
31 Desember/31 December 2023
Lebih dari Lebih dari Lebih dari
1 bulan 3 bulan 1 tahun
sampai dengan sampai dengan sampai dengan
Tanpa Sampai 3 bulan/ 12 bulan/ 5 tahun/ Lebih dari
jangka waktu/ dengan More than More than More than 5 tahun/
No contractual 1 bulan/ 1 month up to 3 months up to 1 year up to More than
Keterangan maturity up to 1 month 3 months 12 months 5 years 5 years Total Description
Liabilitas segera - 475.355 - - - - 475.355 Current liabilities
Simpanan dari nasabah 61.098.269 26.740.521 20.987.937 10.305.600 147.789 2.425 119.282.541 Deposits from customers
Simpanan dari bank lain 124.359 1.273.400 - 1.000 - - 1.398.759 Deposits from other banks
Bunga yang masih harus
dibayar 199.137 - - - - 199.137 Interest payables
Utang pajak - 170.850 - - - - 170.850 Tax payables
Liabilitas derivatif - 79.561 116.214 501.869 481.926 43.030 1.222.600 Derivative payables
Liabilitas akseptasi - 930.056 796.809 678.261 7.055 - 2.412.181 Acceptance liabilities
Liabilitas atas surat berharga Liabilities on securities
yang dijual dengan janji sold under
dibeli kembali - 13.295.961 - - - - 13.295.961 repurchase agreements
Liabilitas atas
Imbalan kerja - - - 77.772 135.509 131.091 344.372 Liabilities for employee benefit
Efek utang yang
diterbitkan - - - 599.181 748.242 96.000 1.443.423 Debt securities issued
Liabilitas lain-lain 2.250.766 1.015.509 538.180 754.063 141.180 - 4.699.698 Other liabilities
Total Liabilitas 63.473.394 44.180.350 22.439.140 12.917.746 1.661.701 272.546 144.944.877 Total Liabilities
Neto (46.915.074) (29.317.127 ) 4.065.571 37.467.842 34.187.930 18.112.287 17.601.429 Net
.
147
Page 547
The original financial statements included herein are in the Indonesian language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2022 dan untuk As of 31 December 2022
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
38. Jatuh Tempo Aset dan Liabilitas Bank (lanjutan) 38. Remaining Maturity Periods of the Bank’s Assets and Liabilities (continued)
Tabel di bawah ini menunjukkan sisa jatuh tempo kontraktual dari liabilitas keuangan Bank The table below shows the remaining contractual maturities of the Bank’s financial
berdasarkan pada arus kas yang tidak didiskonto: liabilities based on undiscounted cash flow:
31 Desember/31 December 2024
Lebih dari Lebih dari Lebih dari
1 bulan 3 bulan 1 tahun
sampai dengan sampai dengan sampai dengan
Tanpa Sampai 3 bulan/ 12 bulan/ 5 tahun/ Lebih dari
jangka waktu/ dengan More than More than More than 5 tahun/
No contractual 1 bulan/ 1 month up to 3 months up to 1 year up to More than
Keterangan maturity up to 1 month 3 months 12 months 5 years 5 years Total Description
Liabilitas segera - 504.053 - - - - 504.053 Current liabilities
Simpanan dari nasabah 67.150.561 21.904.030 18.237.965 7.340.858 2.615.327 102.626 117.351.367 Deposits from customers
Simpanan dari bank lain 66.509 2.765.125 330.208 1.327.959 - - 4.489.801 Deposits from other banks
Bunga yang masih harus
dibayar - 195.817 - - - - 195.817 Interest payables
Liabilitas derivatif - 431.538 322.056 389.507 1.019.459 63.330 2.225.890 Derivative payables
Liabilitas akseptasi - 590.746 765.830 870.161 80.214 - 2.306.951 Acceptance liabilities
Liabilitas atas surat berharga Liabilities on securities
yang dijual dengan janji sold under
dibeli kembali - 5.579.879 - - - - 5.579.879 repurchase agreements
Liabilitas atas imbalan kerja - - - 110.745 176.604 151.545 438.894 Liabilities for employee benefit
Efek utang yang
diterbitkan - 7.678 15.358 165.888 964.943 111.833 1.265.700 Debt securities issued
Liabilitas lain-lain 1.989.897 1.400.832 351.007 663.329 163.761 - 4.568.826 Other liabilities
Total Liabilitas 69.206.967 33.379.698 20.022.424 10.868.447 5.020.308 429.334 138.927.178 Total Liabilities
148
Page 548
The original financial statements included herein are in the Indonesian language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2022 dan untuk As of 31 December 2022
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
38. Jatuh Tempo Aset dan Liabilitas Bank (lanjutan) 38. Remaining Maturity Periods of the Bank’s Assets and Liabilities (continued)
Tabel di bawah ini menunjukkan sisa jatuh tempo kontraktual dari liabilitas keuangan Bank The table below shows the remaining contractual maturities of the Bank’s financial
berdasarkan pada arus kas yang tidak didiskonto: (lanjutan) liabilities based on undiscounted cash flow: (continued)
31 Desember/31 December 2023
Lebih dari Lebih dari Lebih dari
1 bulan 3 bulan 1 tahun
sampai dengan sampai dengan sampai dengan
Tanpa Sampai 3 bulan/ 12 bulan/ 5 tahun/ Lebih dari
jangka waktu/ dengan More than More than More than 5 tahun/
No contractual 1 bulan/ 1 month up to 3 months up to 1 year up to More than
Keterangan maturity up to 1 month 3 months 12 months 5 years 5 years Total Description
Liabilitas segera - 475.355 - - - - 475.355 Current liabilities
Simpanan dari nasabah 61.098.269 26.926.044 21.158.095 10.424.542 150.763 2.860 119.760.573 Deposits from customers
Simpanan dari bank lain 124.359 1.275.588 - 1.000 - - 1.400.947 Deposits from other banks
Bunga yang masih harus
dibayar - 199.137 - - - - 199.137 Interest payables
Liabilitas derivatif - 79.561 116.214 501.869 481.926 43.030 1.222.600 Derivative payables
Liabilitas akseptasi - 930.056 796.809 678.261 7.055 - 2.412.181 Acceptance liabilities
Liabilitas atas surat berharga Liabilities on securities
yang dijual dengan janji sold under
dibeli kembali - 13.295.961 - - - - 13.295.961 repurchase agreements
Efek utang yang
diterbitkan - 10.823 21.646 686.752 912.146 102.089 1.733.456 Debt securities issued
Liabilitas lain-lain 2.250.767 1.015.509 538.180 754.063 141.180 - 4.699.699 Other liabilities
Total Liabilitas 63.473.395 44.208.034 22.630.944 13.046.487 1.693.070 147.979 145.199.909 Total Liabilities
149
Page 549
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. Kebijakan Manajemen Risiko 39. Risk Management Policies
Pelaksanaan fungsi manajemen risiko meliputi Implementation of risk management function
hal-hal terkait dengan upaya identifikasi, includes identification, assessment, measurement,
penilaian, pengukuran, evaluasi, pemantauan evaluation, monitoring and risk controls, including
dan pengendalian risiko termasuk the development of technology and management
pengembangan teknologi dan sistem informasi information system in each risk faced by the Bank,
manajemen di setiap jenis risiko yang dihadapi as well as the improvement of human resource
oleh Bank, serta peningkatan kualitas sumber quality in order to manage the risks.
daya manusia dalam pengelolaan risiko tersebut.
Secara garis besar, Kebijakan Manajemen Risiko Generally, the Risk Management Policy refers to
mengacu pada peraturan regulator, dimana the regulatory provision of which the
penerapannya mencakup empat pilar manajemen implementation includes the four pillars of risk
risiko yang ditetapkan dalam POJK management as stipulated in OJK Regulation No.
No. 18/POJK.03/2016 tentang Penerapan 18/POJK.03/2016 concerning Risk Management
Manajemen Risiko Bagi Bank Umum sebagai Implementation for Commercial Banks as follows:
berikut:
1. Pengawasan aktif dari Dewan Komisaris dan 1. Active supervision of the Board of
Direksi; Commissioners and the Board of Directors;
2. Kecukupan kebijakan dan prosedur 2. Adequacy of risk management policies,
manajemen risiko serta penetapan limit procedures and risk limit stipulation;
risiko;
3. Kecukupan proses identifikasi, pengukuran, 3. Adequacy of risk identification, measurement,
pemantauan, dan pengendalian risiko, serta monitoring and controlling process, as well as
sistem informasi manajemen risiko; dan risk management information system; and
4. Sistem pengendalian internal yang 4. A comprehensive internal control system.
menyeluruh.
Dewan Komisaris dan Direksi bertanggung jawab The Board of Commissioners and the Board of
untuk memastikan bahwa penerapan manajemen Directors are responsible to ensure the adequacy
risiko telah memadai sesuai dengan karakteristik, of risk management implementation tailored with
kompleksitas dan profil risiko Bank, serta the characteristic, complexity, and risk profile of the
memahami dengan baik jenis dan tingkat risiko Bank, and have a good understanding on the type
yang melekat pada kegiatan bisnis Bank. Untuk and level of risks inherent in the Bank’s business
mendukung hal tersebut, dibentuk komite-komite activities. To support this, committees are formed
untuk mengkaji masalah terkait manajemen to assess issues related to risk management,
risiko, termasuk rencana perbaikan jika including the improvement plan if necessary, to
dibutuhkan, memberikan persetujuan atas give approval for various risk management policies,
berbagai kebijakan manajemen risiko, mengkaji to assess the risk profile reports and to evaluate the
laporan profil risiko, dan mengevaluasi implementation of the Bank’s risk control system.
pelaksanaan sistem pengendalian Bank. Komite One of the committees at the commissioner level is
yang dibentuk pada level komisaris salah satunya the Risk Monitoring Committee (ROC), whereas at
yaitu Komite Independen Pemantau Risiko the director level are the Risk Management
(KIPER), sedangkan pada level direksi antara lain Committee (RMC), Asset and Liability Committee
Komite Manajemen Risiko (RMC), Komite Aktiva (ALCO), Credit Policy Committee (CPC) and
dan Pasiva (ALCO), Komite Kebijakan Kredit others.
(CPC) dan lainnya.
Penetapan kebijakan manajemen risiko sesuai Risk management policies are determined in
dengan profil risiko Bank yaitu mencakup 8 tipe accordance with the Bank's risk profile which
risiko yang terdiri dari risiko kredit, risiko pasar, includes 8 types of risks consists of credit risk,
risiko likuiditas, risiko operasional, risiko market risk, liquidity risk, operational risk,
kepatuhan, risiko stratejik, risiko hukum dan risiko compliance risk, strategic risk, legal risk and
reputasi. reputation risk.
150
Page 550
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. Kebijakan Manajemen Risiko (lanjutan) 39. Risk Management Policies (continued)
Risiko kredit Credit risk
Risiko kredit didefinisikan sebagai risiko kerugian Credit risk is defined as the risk of loss arising from
yang timbul dari kegagalan debitur atau any failure by a debtor or a counterparty to fulfill its
counterparty dalam memenuhi kewajiban financial obligations as and when they fall due.
keuangannya pada saat jatuh tempo.
Dalam mengelola eksposur risiko kredit, Bank In managing credit risk exposure, the Bank applies
menerapkan beberapa prinsip dasar sebagai several basic principles as follows:
berikut:
1. Pemisahan tugas antara berbagai fungsi 1. Segregation of duties among functions in
dalam pemberian kredit granting credit
Terdapat pemisahan tugas antara fungsi kerja There is segregation of duties between
originasi (bisnis), fungsi kerja administrasi origination function (business), credit
kredit, fungsi kerja kredit, dan fungsi kerja administration function, credit function, and risk
manajemen risiko untuk menjaga management function to maintain
independensi dan integritas dari berbagai independence and integrity of the various credit
fungsi kredit tersebut. functions.
Bank menetapkan struktur delegasi Batas The Bank established a structure for the
Wewenang Persetujuan Kredit (CDL) yang delegation of Credit Discretionary Limits (CDL)
juga meliputi proses eskalasi persetujuan atas which is also including the escalation process
penyimpangan, pelampauan, dan for the approval of exception, excesses and
perpanjangan kredit di luar pagu yang telah credit extension beyond prescribed limits. The
ditetapkan. Pemberian delegasi Batas delegation of CDL to certain individual is
Wewenang Persetujuan Kredit yang diberikan performed through a stringent process that
kepada individu tertentu dilakukan melalui takes into consideration the experience,
proses yang ketat dengan mempertimbangkan seniority and track record of the officer. Credit
pengalaman, senioritas dan rekam jejak dari Risk Management Division acts as the
pejabat tersebut. Divisi Credit Risk custodian of the CDL structure to ensure that
Management bertindak sebagai pengelola the CDLs are properly administered.
Batas Wewenang Persetujuan Kredit dan juga
memastikan bahwa hal ini telah
diadministrasikan secara baik.
Divisi Credit Risk Management secara Credit Risk Management Division provides
independen melakukan pengawasan terhadap independent oversight of credit risk and is
risiko kredit dan bertanggung jawab untuk responsible to report and analyse all elements
melaporkan dan menganalisa semua elemen of credit risk.
risiko kredit.
2. Kebijakan dan prosedur risiko kredit 2. Credit risk policies and procedures
Bank telah menerbitkan beberapa kebijakan The Bank has issued several policies related to
terkait pengelolaan risiko kredit antara lain managing credit risk including the following:
sebagai berikut:
a. Kebijakan Manajemen Risiko Kredit yang a. Credit Risk Management Policy that
mengatur prinsip-prinsip utama dalam governs core principals in lending, credit
pemberian, pengelolaan dan risk management and monitoring.
pemantauan risiko kredit.
151
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The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. Kebijakan Manajemen Risiko (lanjutan) 39. Risk Management Policies (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Dalam mengelola eksposur risiko kredit, Bank In managing credit risk exposure, the Bank applies
menerapkan beberapa prinsip dasar sebagai several basic principles as follows: (continued)
berikut: (lanjutan)
2. Kebijakan dan prosedur risiko kredit (lanjutan) 2. Credit risk policies and procedures (continued)
Bank telah menerbitkan beberapa kebijakan The Bank has issued several policies related to
terkait pengelolaan risiko kredit antara lain managing credit risk including the following:
sebagai berikut: (lanjutan) (continued)
b. Kebijakan Kredit Umum untuk segmen b. General Credit Policy for Wholesale
Wholesale Banking serta Kebijakan Banking segments and Consumer Credit
Kredit Konsumsi yang mengatur tata cara Policy that govern the principles of
pemberian kredit konsumsi dan berbagai consumer credit extension, and various
prinsip dan standar kredit guna mengelola credit principles and standards by which
risiko kredit Bank pada segmen Retail the Bank undertakes and manages the
Banking. credit risk in the Retail Banking segments.
c. Kebijakan Manajemen Risiko Konsentrasi c. Credit Concentration Risk Management
Kredit untuk mengelola risiko konsentrasi Policy to manage credit concentration risk.
kredit.
d. Pedoman Klasifikasi Aset Basel yang d. Basel Asset Classification Guideline that
memberikan pedoman atas gives the guidelines for classifying
pengelompokkan eksposur ke dalam exposures into the Basel Asset Classes
Kelas Aset Basel untuk perhitungan for Risk Weighted Asset calculation.
Aktiva Tertimbang Menurut Risiko.
3. Pengelolaan dan pemantauan portofolio 3. Management and monitoring of credit portfolios
kredit
Divisi Credit Risk Management menjadi Credit Risk Management Division acts as
pengawas independen dan melakukan independent overseer and performs portfolio
pemantauan portofolio dengan melakukan kaji monitoring by conducting regular reviews of
ulang secara berkala atas risiko internal dan internal and external risk environment and credit
eksternal dan parameter-parameter risiko risk parameters i.e., delinquency trend, special
kredit seperti tren delinquency, Dalam mention, watchlist accounts, concentration risk,
Perhatian Khusus (DPK), watchlist accounts, loan quality movement and others.
risiko konsentrasi, pergerakan kualitas kredit
dan lainnya.
Hasil pemantauan portofolio kredit Outcomes of credit portfolio monitoring is
disampaikan kepada Manajemen Senior dan reported to Senior Management and Board of
Direksi melalui Laporan Credit Risk Highlight. Directors through the Credit Risk Highlight.
Divisi Credit Risk Management juga secara Credit Risk Management Division also
independen melakukan reviu terhadap akun- independently review the watchlist accounts
akun watchlist dan memastikan bahwa akun- and ensure that the accounts are proactively
akun tersebut dikelola secara proaktif untuk managed to minimize the losses of the Bank
meminimalkan kerugian Bank serta memiliki and has an appropriate collectability in
kolektibilitas sesuai dengan ketentuan internal accordance with the Bank's internal regulations
Bank dan ketentuan regulator. and regulatory provisions.
152
Page 552
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. Kebijakan Manajemen Risiko (lanjutan) 39. Risk Management Policies (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Dalam mengelola eksposur risiko kredit, Bank In managing credit risk exposure, the Bank applies
menerapkan beberapa prinsip dasar sebagai several basic principles as follows: (continued)
berikut: (lanjutan)
3. Pengelolaan dan pemantauan portofolio 3. Management and monitoring of credit portfolios
kredit (continued)
Bank juga telah membentuk Credit The Bank formed a Credit Management
Management Working Group (CMWG) dan Working Group (CMWG) and Credit Portfolio
Credit Portfolio Quality Management (CPQM) Quality Management (CPQM) which are
yaitu kelompok kerja yang dibentuk dengan working groups with key objective to monitor
tujuan utama untuk melakukan pemantauan credit quality of the Bank, implement
atas kualitas kredit yang dimiliki oleh Bank, restructuring strategy, monitor portfolio
menerapkan strategi restrukturisasi, performance and discuss account strategies for
melakukan pemantauan portofolio dan vulnerable accounts.
membahas langkah penyelesaian terhadap
kredit yang dianggap rentan.
Pengelolaan risiko konsentrasi kredit Credit concentration risk management
Risiko konsentrasi kredit didefinisikan sebagai Credit concentration risk is defined as any
eksposur tunggal atau kelompok atau single or group or portfolio exposures with the
portofolio yang berpotensi menghasilkan potential to generate substantial losses (relative
kerugian yang cukup besar (relatif terhadap to the Bank’s capital, total assets or overall risk
modal Bank, total aktiva atau tingkat risiko level) which may threaten the Bank’s health or
secara keseluruhan) yang mungkin ability to maintain its core operations. As lending
mengancam kesehatan Bank atau is the Bank’s primary activity, therefore credit
kemampuan Bank untuk mempertahankan concentration risk is concerned as material risk.
operasi intinya. Oleh karena kredit adalah
aktivitas utama Bank, maka risiko konsentrasi
kredit termasuk risiko yang material.
Konsentrasi risiko kredit berdasarkan jenis Concentration of credit risk by type of debtors
debitur adalah sebagai berikut: are as follows:
31 Desember/31 December 2024
Pemerintah
dan Bank
Indonesia/
Government
and Bank Ritel/
Wholesale Indonesia Bank Retail Total
Current accounts with
Giro pada Bank Indonesia - 5.798.664 - - 5.798.664 Bank Indonesia
Current accounts with
Giro pada bank lain - neto - - 821.513 - 821.513 other banks - net
Penempatan pada Bank Placements with
Indonesia dan Bank Indonesia
bank lain - neto - 1.920.406 1.736.651 - 3.657.057 and other banks - net
Efek-efek yang
diperdagangkan 248.913 2.051.905 6.175 - 2.306.993 Trading securities
Investasi keuangan - neto 1.159.506 29.600.732 1.692.588 - 32.452.826 Financial investments - net
Tagihan derivatif 2.614 - 2.059.579 - 2.062.193 Derivative receivables
Kredit yang
diberikan - neto 48.627.541 1.312.735 182 46.511.798 96.452.256 Loans - net
Tagihan atas surat Receivables on securities
berharga yang dibeli purchased with
dengan janji dijual agreements to
kembali - neto - - 1.653.008 - 1.653.008 resell - net
Tagihan akseptasi - neto 2.392.389 - - 25.492 2.417.881 Acceptance receivables - net
Aset lain-lain* 972.186 - 123.431 47.176 1.142.793 Other assets*
Total 53.403.149 40.684.442 8.093.127 46.584.466 148.765.184 Total
Persentase 35,90% 27,35% 5,44% 31,31% 100,00% Percentage
* Aset lain-lain terdiri dari piutang bunga, setoran jaminan dan transaksi spot. Other assets consist of interest receivables, security deposits and spot
transaction.
153
Page 553
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. Kebijakan Manajemen Risiko (lanjutan) 39. Risk Management Policies (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Dalam mengelola eksposur risiko kredit, Bank In managing credit risk exposure, the Bank applies
menerapkan beberapa prinsip dasar sebagai several basic principles as follows: (continued)
berikut: (lanjutan)
3. Pengelolaan dan pemantauan portofolio kredit 3. Management and monitoring of credit portfolios
(lanjutan) (continued)
Pengelolaan risiko konsentrasi kredit Credit concentration risk management
(lanjutan) (continued)
Konsentrasi risiko kredit berdasarkan jenis Concentration of credit risk by type of debtors
debitur adalah sebagai berikut: (lanjutan) are as follows: (continued)
31 Desember/31 December 2023
Pemerintah
dan Bank
Indonesia/
Government
and Bank Ritel/
Wholesale Indonesia Bank Retail Total
Current accounts with Bank
Giro pada Bank Indonesia - 9.901.077 - - 9.901.077 Indonesia
Current accounts with
Giro pada bank lain - neto - - 981.776 - 981.776 other banks - net
Penempatan pada Bank Placements with
Indonesia dan Bank Indonesia
bank lain - neto - 1.845.697 290.233 - 2.135.930 and other banks- net
Efek-efek yang
diperdagangkan 195.887 2.562.100 249 - 2.758.236 Trading securities
Investasi keuangan - neto 911.919 25.098.147 7.027.311 - 33.037.377 Financial investments - net
Tagihan derivatif 15.420 - 825.274 - 840.694 Derivative receivables
Kredit yang
diberikan - neto 69.368.001 - 1.650.556 8.893.285 79.911.842 Loans - net
Tagihan atas surat Receivables on securities
berharga yang dibeli purchased with
dengan janji dijual agreements to
kembali - neto - 21.096.176 1.582.077 - 22.678.253 resell - net
Tagihan akseptasi - neto 2.498.666 - - - 2.498.666 Acceptance receivables - net
Aset lain-lain* 618.076 811 322.709 45.930 987.526 Other assets*
Total 73.607.969 60.504.008 12.680.185 8.939.215 155.731.777 Total
Persentase 47,27% 38,85% 8,14% 5,74% 100,00% Percentage
* Aset lain-lain terdiri dari piutang bunga, setoran jaminan dan transaksi spot. Other assets consist of interest receivables, security deposits and spot
transaction.
Eksposur maksimum risiko kredit Maximum exposure to credit risk
Bank menetapkan limit eksposur untuk The Bank sets the exposure limit for
individual/grup, sektor industri, jangka waktu single/group, industry sector, tenor and foreign
dan nilai tukar asing, yang telah disesuaikan exchange, which is in line with the Bank’s risk
dengan risk appetite dan risk tolerance appetite and risk tolerance as one of the tools
sebagai salah satu alat bagi Bank untuk for the Bank to monitor and mitigate credit
memonitor dan memitigasi risiko konsentrasi concentration risk.
kredit.
Eksposur maksimum aset keuangan Bank The Bank’s financial asset’s maximum
untuk risiko kredit sebelum exposure to credit risk before taking into
memperhitungkan agunan dan jaminan kredit account any collateral and other credit
lainnya adalah sebesar nilai tercatatnya enhancements is its carrying value (Note 4).
(Catatan 40).
154
Page 554
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. Kebijakan Manajemen Risiko (lanjutan) 39. Risk Management Policies (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Dalam mengelola eksposur risiko kredit, Bank In managing credit risk exposure, the Bank applies
menerapkan beberapa prinsip dasar sebagai several basic principles as follows: (continued)
berikut: (lanjutan)
3. Pengelolaan dan pemantauan portofolio 3. Management and monitoring of credit portfolios
kredit (lanjutan) (continued)
Eksposur maksimum dari aset keuangan The maximum exposure of the Bank's financial
Bank setelah mempertimbangkan dampak asset after considering the impact of collateral
dari jaminan dan pengaturan tambahan lain and other enhancement arrangement other
selain dari kredit yang diberikan dan tagihan than loan and receivable and securities
atas surat berharga yang dibeli dengan janji purchased with agreement to resell are equal
dijual kembali sama dengan nilai tercatat. to its carrying value.
Untuk aset keuangan yang diakui pada For financial assets recognized in the
laporan posisi keuangan, eksposur statement of financial position, the carrying
maksimum terhadap risiko kredit sama amounts of the financial assets best represent
dengan nilai tercatat. Untuk Bank Garansi the maximum exposure to credit risk. For Bank
dan Irrevocable Letters of Credit, eksposur Guarantees and Irrevocable Letters of Credit,
maksimum terhadap risiko kredit adalah nilai the maximum exposure to credit risk is the
maksimum yang harus dibayarkan oleh Bank maximum amount that the Bank would has to
jika liabilitas atas Bank Garansi dan pay if the obligations of the Bank Guarantees
Irrevocable Letters of Credit tersebut terjadi. and Irrevocable Letters of Credit issued are
called upon.
Analisis eksposur maksimum risiko kredit Analysis of maximum exposure to credit risk
setelah memperhitungkan dampak agunan after taking into account the impact of
dan mitigasi risiko kredit lainnya adalah collaterals and other credit risk mitigations are
sebagai berikut: as follows:
a. Nilai tercatat aset keuangan Bank selain a. The carrying amount of the Bank’s
pinjaman mewakili eksposur maksimum financial assets other than loans
risiko kredit. represent the maximum exposure of
credit risk.
b. Untuk kredit yang diberikan, Bank b. For the loans, the Bank uses the collateral
menggunakan agunan untuk to minimize the credit risk. Loans and
meminimalkan risiko kredit. Pinjaman receivables are classified into two major
yang diberikan dan piutang categories as follows:
diklasifikasikan menjadi dua kelompok
besar yaitu:
1. Secured loans. 1. Secured loans.
2. Unsecured loans. 2. Unsecured loans.
Untuk secured loans, Bank menetapkan jenis For secured loans, the Bank determines the
dan nilai agunan yang dijaminkan sesuai type and value of collateral according to the
dengan skema kredit. Jenis agunan terdiri loan scheme. Types of collateral are as
dari: follows:
a. Physical collateral, antara lain tanah, a. Physical collateral, such as land, buildings
bangunan dan BPKB kendaraan and proof of vehicle ownership.
bermotor.
b. Financial collateral, antara lain b. Financial collateral, such as deposits
simpanan (tabungan, giro dan deposito (saving deposits, demand deposits and
berjangka), surat berharga dan emas. time deposits), securities, and gold.
c. Lainnya, antara lain garansi, jaminan c. Others, such as guarantees, Government
dari Pemerintah dan jaminan dari guarantees and guarantee institution.
lembaga penjamin.
155
Page 555
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. Kebijakan Manajemen Risiko (lanjutan) 39. Risk Management Policies (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Dalam mengelola eksposur risiko kredit, Bank In managing credit risk exposure, the Bank applies
menerapkan beberapa prinsip dasar sebagai several basic principles as follows: (continued)
berikut: (lanjutan)
3. Pengelolaan dan pemantauan portofolio 3. Management and monitoring of credit portfolios
kredit (lanjutan) (continued)
Eksposur maksimum risiko kredit (lanjutan) Maximum exposure to credit risk (continued)
Apabila terjadi gagal bayar, Bank akan In times of default, the Bank will use the
menggunakan agunan tersebut sebagai collateral as the last resort in recovering the
pilihan terakhir untuk pemenuhan kewajiban obligation of the counterparty.
counterparty.
Unsecured loan adalah ketika fasilitas Unsecured loan is when the facility is granted
diberikan tanpa agunan (termasuk pinjaman without any collateral (including fully
tanpa jaminan penuh dan pinjaman dengan unsecured loan and partially secured loan).
jaminan sebagian). Bank memberikan The Bank grants loan mainly based on debtor
pinjaman utamanya berdasarkan arus kas cash flow whilst collateral are used as credit
dari debitur sedangkan agunan merupakan risk mitigant. The Bank exercises prudence at
langkah mitigasi risiko kredit. Bank all times in the granting of such credit. Credit
senantiasa menerapkan prinsip kehati-hatian decisions including maximum credit exposure
dalam pemberian kredit. Keputusan kredit are made based on thorough assessment of
termasuk maksimum eksposur kredit dibuat the debtor's prospect and performance as well
berdasarkan penilaian menyeluruh atas as their cash flow or repayment capability
prospek dan kinerja debitur termasuk arus (such as considering on debtor internal credit
kas atau kemampuan membayarnya rating, past credit behavior from credit bureau
(misalnya mempertimbangkan internal credit and other external sources).
rating, perilaku kredit masa lalu debitur dari
biro kredit dan sumber eksternal lainnya).
Kredit yang diberikan menurut sektor industri Loans based on industrial sector as of
pada tanggal 31 Desember 2024 dan 2023 31 December 2024 and 2023 are as follows:
adalah sebagai berikut:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Industri pengolahan 24.247.358 21.318.545 Processing industry
Perdagangan besar dan eceran 20.200.588 18.720.204 Wholesale and retail trading
Rumah tangga 16.582.987 17.625.534 Household
Pertambangan dan penggalian 11.540.589 7.249.461 Mining and excavation
Aktivitas keuangan dan asuransi 7.500.227 3.454.621 Financial and insurance activities
Pertanian, kehutanan dan perikanan 4.544.252 1.853.616 Agriculture, forestry and fisheries
Pengangkutan dan pergudangan 3.750.994 660.629 Transportation and warehousing
Konstruksi gedung 3.181.682 2.023.681 Building construction
Real estate 2.980.475 4.502.509 Real estate
Informasi dan komunikasi 2.197.093 2.633.668 Information and communication
Penyedia akomodasi dan Accommodation and
penyedia makanan dan minuman 1.943.693 2.095.861 food and beverages provider
Pengadaan listrik, gas dan udara 373.318 613.864 Electricity, gas and air procurement
Lainnya 1.368.553 1.270.412 Others
Total 100.411.809 84.022.605 Total
Cadangan kerugian
penurunan nilai (3.959.553) (4.110.763) Allowance for impairment losses
Neto 96.452.256 79.911.842 Net
156
Page 556
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. Kebijakan Manajemen Risiko (lanjutan) 39. Risk Management Policies (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Dalam mengelola eksposur risiko kredit, Bank In managing credit risk exposure, the Bank applies
menerapkan beberapa prinsip dasar sebagai several basic principles as follows: (continued)
berikut: (lanjutan)
3. Pengelolaan dan pemantauan portofolio 3. Management and monitoring of credit
kredit (lanjutan) portfolios (continued)
Eksposur maksimum risiko kredit (lanjutan) Maximum exposure to credit risk (continued)
Eksposur terbesar Bank pada tanggal The biggest Bank’s exposure on 31 December
31 Desember 2024 dan 2023 adalah sektor 2024 and 2023 is processing industry with
industri pengolahan dengan proporsi masing- proportion of around 24.97% and 25.40%,
masing sebesar 24,97% dan 25,40% dari respectively from total loan which diversified
total kredit Bank yang terdiversifikasi ke into various sub industry type and it is still
dalam berbagi jenis sub industri dan hal within the Bank’s risk appetite and risk
tersebut masih sesuai dengan risk appetite tolerance.
dan risk tolerance yang dimiliki oleh Bank.
Kredit yang diberikan berdasarkan sisa umur Loans based on remaining maturities as of
jatuh tempo pada tanggal 31 Desember 2024 31 December 2024 are as follows:
adalah sebagai berikut:
Baki debet kredit/ Persentase (%)/
Loan outstanding Percentage (%)
≤ 1 tahun 72.038.381 71,75% ≤ 1 year
> 1 tahun ≤ 2 tahun 2.382.237 2,37% > 1 year ≤ 2 years
> 2 tahun ≤ 5 tahun 16.923.744 16,85% >2 years ≤ 5 years
> 5 tahun 9.067.447 9,03% > 5 years
Total 100.411.809 100,00% Total
Kredit yang diberikan berdasarkan sisa umur Loans based on remaining maturities as of
jatuh tempo pada tanggal 31 Desember 2023 31 December 2023 are as follows:
adalah sebagai berikut:
Baki debet kredit/ Persentase (%)/
Loan outstanding Percentage (%)
≤ 1 tahun 53.611.496 63,80% ≤ 1 year
> 1 tahun ≤ 2 tahun 5.770.859 6,87% > 1 year ≤ 2 years
> 2 tahun ≤ 5 tahun 14.138.210 16,83% >2 years ≤ 5 years
> 5 tahun 10.502.040 12,50% > 5 years
Total 84.022.605 100,00% Total
Sebagian besar jangka waktu kredit atau Most of the loan tenor or 71.75% % is within
sebesar 71,75% jatuh tempo dalam kurun less than one year and loan with tenor of more
waktu kurang dari satu tahun, sedangkan than five years is 9.03% and it is within the
untuk kredit dengan jangka waktu lebih besar Bank’s risk appetite and risk tolerance.
dari lima tahun memiliki porsi sebesar 9,03%
dan hal ini masih sesuai dengan risk appetite
dan risk tolerance yang dimiliki oleh Bank.
157
Page 557
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. Kebijakan Manajemen Risiko (lanjutan) 39. Risk Management Policies (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Dalam mengelola eksposur risiko kredit, Bank In managing credit risk exposure, the Bank applies
menerapkan beberapa prinsip dasar sebagai several basic principles as follows: (continued)
berikut: (lanjutan)
3. Pengelolaan dan pemantauan portofolio 3. Management and monitoring of credit
kredit (lanjutan) portfolios (continued)
Eksposur maksimum risiko kredit (lanjutan) Maximum exposure to credit risk (continued)
Tabel di bawah ini menunjukkan The table below shows the net maximum
eksposur maksimum neto (setelah exposure (after considering collateral) to credit
memperhitungkan agunan) atas risiko kredit risk of receivable on securities purchased with
untuk tagihan atas surat berharga yang dibeli agreement to resell as of 31 December 2024
dengan janji dijual kembali pada tanggal and 2023:
31 Desember 2024 dan 2023:
Eksposur maksimum/ Agunan/ Eksposur - neto/
Maximum exposure Collateral Exposure - net
31 Desember 2024 31 December 2024
Tagihan atas surat berharga Receivable on securities
yang dibeli dengan janji purchased with
dijual kembali 1.653.008 1.654.050 0% agreements to resell
31 Desember 2023 31 December 2023
Tagihan atas surat berharga Receivable on securities
yang dibeli dengan janji purchased with
dijual kembali 22.678.253 23.104.050 0% agreements to resell
Manajemen kredit bermasalah Managing non-performing loans
Kredit bermasalah dikelola secara terpusat Non-performing loans are centrally managed
oleh divisi independen yaitu Special Asset by independent units that are Special Asset
Management (SAM) untuk segmen Management (SAM) for Corporate and
Corporate dan Commercial Banking dan Commercial Banking segment and Business
Business Banking Credit Management Banking Credit Management (BBCM) for
(BBCM) untuk segmen Retail Banking dan Retail Banking and Business Banking
Business Banking. Divisi-divisi tersebut segment. Those divisions have two main
memiliki dua fungsi utama sebagai berikut: functions as follows:
1. Fungsi Restrukturisasi yang secara 1. Restructuring Function which proactively
proaktif mengelola kredit bermasalah. manages the non-performing loans. Its
Tujuan utamanya adalah untuk main objective is to handle non-performing
menangani kredit bermasalah agar loans back to performing so that these
kembali lancar sehingga akun tersebut accounts can be transferred back to the
dapat ditransfer kembali ke fungsi kerja Business Units; and
bisnis; dan
2. Fungsi Recovery yang mengelola kredit 2. Recovery Function which manages non-
bermasalah dengan tujuan utama untuk performing loans with the main objective
memaksimalkan pemulihan utang. to maximize debt recovery.
158
Page 558
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. Kebijakan Manajemen Risiko (lanjutan) 39. Risk Management Policies (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Dalam mengelola eksposur risiko kredit, Bank In managing credit risk exposure, the Bank applies
menerapkan beberapa prinsip dasar sebagai several basic principles as follows: (continued)
berikut: (lanjutan)
3. Pengelolaan dan pemantauan portofolio 3. Management and monitoring of credit
kredit (lanjutan) portfolios (continued)
Eksposur kredit berdasarkan Basel Credit exposures under Basel
Saat ini Bank menggunakan Pendekatan The Bank currently uses the Standardized
Standar berdasarkan Basel mengikuti Approach under Basel according to regulatory
pedoman dari regulator dalam mengukur guidelines to measure the Risk Weighted
Aktiva Tertimbang Menurut Risiko (ATMR) Asset (RWA) for credit risk. The information
untuk risiko kredit. Informasi dan pedoman and guidelines of rating for RWA for credit risk
peringkat ATMR untuk risiko kredit diatur is regulated in the Asset Classification Policy.
dalam Kebijakan Klasifikasi Aset.
Berdasarkan Pendekatan Standar, eksposur Under the Standardized Approach, the Bank’s
Bank dibagi menjadi 15 klasifikasi aset dan exposures are classified into 15 assets
portofolio sebagai berikut: classification and portfolios as follows:
a. Pemerintah a. Sovereigns
b. Entitas sektor publik bukan pemerintah b. Non-central government public sector
pusat entities
c. Bank pembangunan multilateral dan c. Multilateral development bank and other
Lembaga internasional lainnya international institutions
d. Bank d. Banks
e. Korporasi e. Corporate
f. Karyawan/pensiunan f. Employee/retiree
g. Klaim beragunan rumah tinggal g. Claim secured by residential property
h. Klaim beragunan real estate komersial h. Claim secured by commercial real estate
i. Klaim yang telah jatuh tempo i. Overdue claims
j. Aset lainnya j. Other assets
k. Surat berharga/piutang subordinasi, k. Subordinated receivables, equity and
ekuitas dan instrumen model lainnya other capital instruments
l. Pengadaan tanah, pengelolaan tanah l. Land procurement, soil processing and/or
dan konstruksi construction
m. Mikro, usaha kecil dan Retail m. Micro business, small business & retail
n. Covered bond n. Covered bond
o. Perusahaan efek & jasa keuangan lain o. Securities companies and other financial
services
Untuk tujuan manajemen risiko internal, Bank For the purpose of internal risk management,
telah menerapkan penggunaan model the Bank has implemented Internal Rating
Internal Rating pada segmen Wholesale model on the Wholesale Banking segment and
Banking dan senantiasa mengembangkan continuously enhances the Bank’s risk
perangkat tambahan, sistem dan proses management systems and processes to
untuk mendukung penerapan praktik support the Bank in the implementation of a
manajemen risiko yang hati-hati. prudent risk management.
159
Page 559
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. Kebijakan Manajemen Risiko (lanjutan) 39. Risk Management Policies (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Dalam mengelola eksposur risiko kredit, Bank In managing credit risk exposure, the Bank applies
menerapkan beberapa prinsip dasar sebagai several basic principles as follows: (continued)
berikut: (lanjutan)
3. Pengelolaan dan pemantauan portofolio 3. Management and monitoring of credit
kredit (lanjutan) portfolios (continued)
Informasi kualitas kredit atas aset keuangan The information on the credit quality of
pada tanggal 31 Desember 2024 dan 2023 financial assets as of 31 December 2024 and
adalah sebagai berikut: 2023 are as follows:
31 Desember/31 December 2024
Belum jatuh
tempo dan Jatuh tempo dan
tidak mengalami tidak mengalami
penurunan nilai/ penurunan nilai/ Mengalami
Neither past due Past-due penurunan nilai/
not impaired but not impaired Impaired Total
Giro pada Bank Indonesia 5.798.664 - - 5.798.664 Current account with Bank Indonesia
Giro pada bank lain 827.049 - - 827.049 Current accounts with other banks
Penempatan pada Placements with
Bank Indonesia dan bank lain 3.657.057 - - 3.657.057 Bank Indonesia and other banks
Efek-efek yang diperdagangkan 2.306.993 - - 2.306.993 Trading securities
Investasi keuangan 32.468.862 - - 32.468.862 Financial investment
Tagihan derivatif 2.113.608 - - 2.113.608 Derivative receivables
Kredit yang diberikan 94.447.691 3.909.270 2.054.848 100.411.809 Loans
Tagihan atas surat berharga Receivables on securities
yang dibeli dengan janji purchased with
dijual kembali 1.653.008 - - 1.653.008 agreements to resell
Tagihan akseptasi 2.422.663 - - 2.422.663 Acceptance receivables
Aset lain-lain* 1.142.793 - - 1.142.793 Other assets*
Total 146.838.388 3.909.270 2.054.848 152.802.506 Total
Cadangan kerugian
penurunan nilai (1.696.042) (1.402.103) (939.177) (4.037.322) Allowance for impairment losses
Neto 145.142.346 2.507.167 1.115.671 148.765.184 Net
Aset lain-lain terdiri dari piutang bunga, setoran jaminan dan transaksi spot. Other assets consist of interest receivables, security deposits and spot
transaction.
31 Desember/31 December 2023
Belum jatuh
tempo dan Jatuh tempo dan
tidak mengalami tidak mengalami
penurunan nilai/ penurunan nilai/ Mengalami
Neither past due Past-due penurunan nilai/
not impaired but not impaired Impaired Total
Giro pada Bank Indonesia 9.901.077 - - 9.901.077 Current account with Bank Indonesia
Giro pada bank lain 984.482 - - 984.482 Current accounts with other banks
Penempatan pada Placements with
Bank Indonesia dan bank lain 2.135.930 - - 2.135.930 Bank Indonesia and other banks
Efek-efek yang diperdagangkan 2.758.236 - - 2.758.236 Trading securities
Investasi keuangan 33.051.225 - - 33.051.225 Financial investment
Tagihan derivatif 849.525 - - 849.525 Derivative receivables
Kredit yang diberikan 77.797.424 4.076.155 2.149.026 84.022.605 Loans
Tagihan atas surat berharga Receivables on securities
yang dibeli dengan janji purchased with
dijual kembali 22.678.253 - - 22.678.253 agreements to resell
Tagihan akseptasi 2.508.114 - - 2.508.114 Acceptance receivables
Aset lain-lain* 987.526 - - 987.526 Other assets*
Total 153.651.792 4.076.155 2.149.026 159.876.973 Total
Cadangan kerugian
penurunan nilai (1.767.204) (1.386.411) (989.275) (4.142.890) Allowance for impairment losses
Neto 151.884.588 2.689.744 1.159.751 155.734.083 Net
Aset lain-lain terdiri dari piutang bunga, setoran jaminan dan transaksi spot. Other assets consist of interest receivables, security deposits and spot
transaction.
160
Page 560
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. Kebijakan Manajemen Risiko (lanjutan) 39. Risk Management Policies (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Dalam mengelola eksposur risiko kredit, Bank In managing credit risk exposure, the Bank applies
menerapkan beberapa prinsip dasar sebagai several basic principles as follows: (continued)
berikut: (lanjutan)
3. Pengelolaan dan pemantauan portofolio 3. Management and monitoring of credit
kredit (lanjutan) portfolios (continued)
Analisis umur kredit yang diberikan yang The aging analysis of loans that are past due
jatuh tempo tetapi tidak mengalami but not impaired as of 31 December 2024 and
penurunan nilai pada tanggal 31 Desember 2023 are as follows:
2024 dan 2023 adalah sebagai berikut:
31 Desember/31 December 2024
1 sampai 31 sampai 61 sampai
30 hari/ 60 hari/ 90 hari/
1 to 30 days 31 to 60 days 61 to 90 days Total
Investasi 1.486.024 - - 1.486.024 Investment
Modal kerja 1.302.433 39 2.426 1.304.898 Working capital
Konsumen 1.115.809 151 2.388 1.118.348 Consumer
Total 3.904.266 190 4.814 3.909.270 Total
Cadangan kerugian Allowance for
penurunan nilai (1.400.826) (70) (1.207) (1.402.103) impairment losses
Neto 2.503.440 120 3.607 2.507.167 Net
31 Desember/31 December 2023
1 sampai 31 sampai 61 sampai
30 hari/ 60 hari/ 90 hari/
1 to 30 days 31 to 60 days 61 to 90 days Total
Investasi 1.315.961 29.140 10.480 1.355.581 Investment
Modal kerja 1.417.910 - - 1.417.910 Working capital
Konsumen 1.275.436 2.863 24.365 1.302.664 Consumer
Total 4.009.307 32.003 34.845 4.076.155 Total
Cadangan kerugian Allowance for
penurunan nilai (1.370.586) (5.567) (10.258) (1.386.411) impairment losses
Neto 2.638.721 26.436 24.587 2.689.744 Net
Bank melakukan penilaian terhadap tiga pilar The Bank uses three pillars approach in
dalam menilai aset keuangan yang jatuh assessing financial assets that are past due or
tempo atau mengalami penurunan. Ketiga impaired. Those three pillars are business
pilar tersebut adalah prospek bisnis, kinerja prospect, performance of the borrower and
debitur dan kemampuan bayar debitur repayment capability which are in line with the
dimana hal tersebut sesuai dengan kebijakan regulatory provision.
regulator.
Bank memperhitungkan agunan yang layak The Bank takes into account the eligible
dalam menghitung cadangan kerugian collaterals in calculating the allowance for
penurunan nilai. Agunan yang layak yang impairment losses. The eligible collaterals
diperhitungkan oleh Bank adalah kas/setara recognized by the Bank are cash/cash
kas, tanah dan bangunan. equivalents, land and buildings.
161
Page 561
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. Kebijakan Manajemen Risiko (lanjutan) 39. Risk Management Policies (continued)
Risiko pasar Market risk
Risiko pasar adalah risiko yang timbul dari Market risk is the risk arising from movements in
pergerakan variabel pasar pada posisi yang market variables on the position held by the Bank
dimiliki oleh Bank yang dapat menimbulkan which can result in losses for the Bank. Market
kerugian bagi Bank. Variabel pasar yang variables that influence the position of the Bank are
mempengaruhi posisi Bank adalah suku bunga interest rates and exchange rates, including
dan nilai tukar termasuk perubahan harga option. changes in the price of the option.
Kerangka kerja risiko pasar Bank terdiri dari The Bank’s market risk framework comprises
kebijakan dan praktek risiko pasar, market risk policies and practices, delegation of
pendelegasian wewenang, limit risiko pasar, authority, market risk limits, valuation and risk
penilaian dan model risiko. Kerangka kerja ini models. This framework also encompasses the
juga meliputi proses produk/aktivitas baru untuk new product/service program process to ensure
memastikan isu-isu risiko pasar telah diidentifikasi the market risk issues are adequately identified
secara memadai sebelum diluncurkan. prior to its launch.
Direksi mendelegasikan wewenang kepada The Board of Directors delegates authority to the
Komite Aktiva dan Pasiva (ALCO) untuk Assets and Liabilities Committee (ALCO) to
melakukan pengawasan aktif terhadap conduct active monitoring on market risk
manajemen risiko pasar. ALCO melakukan kajian management. ALCO reviews and provides
dan memberikan arahan atas seluruh hal terkait direction on all market risk related matters.
risiko pasar.
Bank menggunakan Pendekatan Standar untuk The Bank adopts the Standardized Approach to
menghitung modal risiko pasar sesuai dengan calculate the regulatory market risk capital in
ketentuan OJK Nomor 23/SEOJK.03/2022 compliance with OJK’s regulation no
tentang Perhitungan Aset Tertimbang Menurut 23/SEOJK.03/2022 on Calculation of Risk
Risiko Untuk Risiko Pasar Bagi Bank Umum. Weighted Assets for Market Risk for Commercial
Bank memiliki modal yang kuat pada tanggal Bank. The Bank has a strong capital base as of
31 Desember 2024 dan 2023. Modal Bank lebih 31 December 2024 and 2023, respectively. The
dari cukup untuk menutup potensi kerugian yang Bank’s capital is more than sufficient to cover any
mungkin timbul dari fluktuasi tingkat bunga dan potential losses that might arise from interest rate
nilai tukar. and exchange rate fluctuations.
Untuk kepentingan pemantauan dan pelaporan For the purposes of internal monitoring and
internal, risiko pasar secara portofolio diukur dan reporting, market risk on a portfolio basis is
dikontrol menggunakan model internal. Bank measured and controlled based on internal models.
mengadopsi Expected Shortfall (ES) dengan The Bank adopts the Expected Shortfall (ES) using
menggunakan pendekatan simulasi historis untuk historical simulation approach to measure the
mengukur potensi kerugian pada tingkat potential loss at a 97.5 percent confidence level
kepercayaan sebesar 97,5 persen dengan based on 250 days historical price changes. ES
menggunakan data historis selama 250 hari. estimation are back tested (backtesting) against
Perkiraan ES diuji kembali (back-testing) dengan profit or loss of trading book (actual or hypothetical
menggunakan data laba rugi pada trading book profit & loss) as a verification process of the
(baik itu laba rugi aktual maupun laba rugi accuracy & robustness of the methodology. The
hipotesis) sebagai suatu proses verifikasi backtesting process analyses whether the
keakuratan & ketangguhan metodologi tersebut. exceptions are due to model deficiencies or market
Proses pengujian kembali ini dilakukan guna volatility.
menganalisa apakah penyimpangan yang terjadi
disebabkan oleh kelemahan pada model
perhitungan atau karena volatilitas pasar.
162
Page 562
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. Kebijakan Manajemen Risiko (lanjutan) 39. Risk Management Policies (continued)
Risiko pasar (lanjutan) Market risk (continued)
Berdasarkan hasil model back-testing, Based on back-testing result, the ES forecast
pengukuran ES telah memadai terhadap kerugian model was adequate to the hypothetical and actual
hipotesis dan aktual yang terjadi untuk periode loss for the whole year result. To complement the
satu tahun. Untuk melengkapi pengukuran ES ES measurement, stress-test is performed on the
tersebut, stress-test dilakukan pada portofolio trading portfolio in order to identify the Bank’s
trading untuk mengidentifikasi ketahanan Bank vulnerability in the event of crisis.
dalam kondisi krisis.
Perhitungan ES telah memperhitungkan faktor ES calculation already includes correlation factors
korelasi antar instrumen pada seluruh posisi across instruments in trading book portfolios of the
trading book Bank (tidak diaudit). Bank (unaudited).
31 Desember/31 December 2024
(dalam jutaan Rupiah/in millions of Rupiah)
Akhir tahun/ Tinggi/ Rendah/ Rata-rata/
Year end High Low Average
Total ES 9.743 20.091 8.893 12.179 Total ES
a. Risiko nilai tukar a. Foreign exchange risk
Risiko nilai tukar adalah risiko pada Foreign exchange risk is the risk to earnings
pendapatan dan nilai ekonomis dari aset, and economic value of foreign currency
kewajiban, dan derivatif keuangan dalam assets, liabilities and financial derivatives
mata uang asing yang disebabkan oleh caused by fluctuation in foreign exchange
fluktuasi nilai tukar. rates.
Risiko nilai tukar dikelola melalui kebijakan Foreign exchange risk is managed through
dan limit risiko yang disetujui oleh ALCO. policies and risk limits approved by the Asset
Limit yang memiliki komponen risiko nilai and Liability Committee (ALCO). The limits
tukar diantaranya limit Expected Shortfall dan that has foreign exchange risk component
FX NOP berdasarkan mata uang asing. include Expected Shorfall and FX NOP by
Market Risk Management & Product Control currencies. Market Risk Management &
secara harian memantau aktivitas risiko Product Control on a daily basis monitors
pasar dan/atau ekposur terhadap limit yang market risk activities and/or exposures against
telah disetujui oleh ALCO, dan melaporkan the approved ALCO limits, and escalates any
kejadian pelampauan limit kepada pejabat excesses to appropriate officers for
terkait untuk mendapatkan persetujuan/ approval/ratification.
pengesahan.
Risiko nilai tukar Bank dinilai relatif rendah Foreign exchange risk is assessed at relatively
dikarenakan Posisi Devisa Neto (PDN) Bank low as Bank’s Net Open Position (NOP)
tercatat sangat rendah, dimana pada tanggal recorded very low, which at 31 December
31 Desember 2024, NOP tercatat sebesar 2024 the Bank’s NOP has recorded only
5,39% dari modal keseluruhan Bank atau di 5.39% from total capital of the Bank or below
bawah ketentuan regulator. Berdasarkan regulator requirement. Based on simulation,
simulasi, setiap pelemahan mata uang any weakening of IDR currency around 100
Rupiah terhadap Dolar Amerika Serikat pips against USD would result in potential
sebesar 100 pips akan menimbulkan potensi losses of Rp 5.7 billion.
kerugian sebesar Rp 5,7 milyar.
163
Page 563
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. Kebijakan Manajemen Risiko (lanjutan) 39. Risk Management Policies (continued)
Risiko pasar (lanjutan) Market risk (continued)
b. Risiko suku bunga pada banking book b. Interest rate risk in the banking book
Risiko suku bunga pada banking book Interest rate risk in the banking book is defined
didefinisikan sebagai risiko potensi as the risk of potential reduction in or loss of
penurunan atau kerugian pada rentabilitas earnings (net interest income) and capital (the
(pendapatan bunga bersih) dan modal (nilai economic value of the Bank) due to changes
ekonomis Bank) akibat perubahan dari suku in interest rates.
bunga.
Eksposur dinilai secara bulanan Exposure is quantified on a monthly basis
menggunakan perangkat analisa statis dan using static and simulation analysis tools such
simulasi seperti jadwal repricing dan analisa as repricing schedules and sensitivity analysis.
sensitivitas. Perangkat tersebut dapat They provide indications of the potential
memberikan indikasi atas dampak potensial impact of interest rate changes on interest
perubahan suku bunga pada pendapatan income and price value through analysis of the
bunga dan harga melalui analisa sensitivitas sensitivity of assets and liabilities from any
pada aktiva dan pasiva ketika suku bunga changes in interest rates. Mismatches in the
mengalami perubahan. Kesenjangan pada longer tenor will experience greater change in
tenor yang lebih panjang akan mengalami the price-value of interest rate positions than
perubahan price-value yang lebih besar similar positions in the shorter tenor.
dibandingkan dengan posisi serupa pada
tenor yang lebih pendek.
Nilai Ekonomis pada Ekuitas (EVE) Economic Value of Equity (EVE) is applied to
diterapkan untuk mengukur risiko suku measure the interest rate risk from any
bunga dari perubahan suku bunga changes of interest rate using a variety of
menggunakan berbagai macam skenario interest rate scenarios such as changes in
suku bunga seperti perubahan bentuk pada shape of the curve of interest rates which
kurva suku bunga yang meliputi skenario include extreme changes in the interest rate
perubahan suku bunga yang ekstrim. scenario.
EVE banking book pada tanggal EVE banking book as of 31 December 2024
31 Desember 2024 tercatat sebesar was recorded at Rp824.75 billion (unaudited)
Rp824,75 miliar (tidak diaudit) atau sebesar or 5.15% of Tier 1 capital, meanwhile PV01
5,15% dari modal inti, sedangkan PV01 banking book was recorded at Rp1.31 billion
banking book sebesar Rp1,31 miliar (tidak (unaudited). That means every increase of 1
diaudit). Hal ini berarti, setiap kenaikan 1 bps bps on market interest rate is expected to have
pada suku bunga pasar akan memberikan an impact on the Bank's potential losses
dampak potensial kerugian pada Bank amounting to Rp1.31 billion (unaudited). While
sebesar Rp1,31 miliar (tidak diaudit). delta NII calculation shows a potential loss of
Sedangkan perhitungan Delta NII IDR Rp668.74 billion (unaudited).
menunjukkan adanya potensi kerugian
sebesar Rp668,74 miliar (tidak diaudit).
164
Page 564
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. Kebijakan Manajemen Risiko (lanjutan) 39. Risk Management Policies (continued)
Risiko likuiditas Liquidity risk
Risiko likuiditas didefinisikan sebagai risiko yang Liquidity risk is defined as the risk that arises from
muncul akibat ketidakmampuan Bank untuk its inability to meet its obligations to customer and
memenuhi kewajiban keuangannya baik terhadap regulator without incurring significant costs or
nasabah maupun regulator, tanpa menimbulkan losses.
biaya atau kerugian yang signifikan.
Pengukuran utama yang digunakan oleh Bank The key measures used by the Bank for managing
dalam mengelola risiko likuiditas adalah dengan liquidity risk with measuring and monitoring
mengukur dan memantau Liquidity Coverage Liquidity Coverage Ratio (LCR), Net Stable
Ratio (LCR), Net Stable Funding Ratio (NSFR) Funding Ratio (NSFR) and Net Cumulative Outflow
dan Net Cumulative Outflow (NCO) dengan (NCO) with using cash ‘business as usual’ scenario
menggunakan skenario ’business as usual’ serta also by monitoring the other liquidity ratios as early
memantau rasio-rasio likuiditas lainnya sebagai warning indicator i.e., percentage decreased in
indikator peringatan dini seperti rasio penurunan non-bank deposits, top 50 and 20 non-bank
simpanan bukan bank, rasio 50 dan 20 nasabah depositors’ ratios, swap funding ratio, undrawn
terbesar bukan bank, rasio pendanaan melalui facility ratio and top single bank depositor. Cash
swap, rasio undrawn facility dan nasabah flow projection is using behavioral modelling to
terbesar bank. Proyeksi arus kas menggunakan ensure that the cash flow reflects the business-as-
behavioral modelling untuk memastikan arus kas usual behavior.
telah mencerminkan perilaku kegiatan bisnis
dalam kondisi normal.
Di samping itu, Bank juga melakukan Besides, the Bank also monitors the stability of its
pemantauan secara berkala terhadap stabilitas core deposits on a regular basis which consists of
pendanaan inti yang terdiri dari dana-dana stabil stable non-bank deposits such as demand
bukan bank seperti giro, tabungan, dan deposito deposits, saving accounts, and time deposits by
berjangka melalui analisa terhadap volatilitasnya. analyzing their volatility overtime.
Bank juga memantau stress-testing limit dengan The Bank also monitors stress-test limit using
skenario ‘Bank Specific Crisis’ dan ‘General ‘Bank Specific Crisis’ and ‘General Market Crisis’
Market Crisis’. scenarios.
Pada tanggal 31 Desember 2024, Bank telah As of 31 December 2024, the Bank has recorded
mencatat simpanan nasabah sebesar Rp116,9 Rp116.9 trillion of customer’s deposits which
triliun atau turun sebesar 1,99% dibandingkan decreased by 1.99% compared to 31 December
dengan simpanan nasabah pada tanggal 2023, contributed by demand deposits which
31 Desember 2023, dimana giro naik sebesar increased by 35.58% to Rp32.1 trillion, saving
35,58% menjadi Rp32,1 triliun, tabungan turun deposits which decreased by 6,43% to Rp35.1
sebesar 6,43% menjadi Rp35,1 triliun, dan trillion, and time deposits which decreased by
deposito berjangka turun sebesar 14,45% 14.45% to Rp49.7 trillion.
menjadi Rp49,7 triliun.
LCR dan NSFR pada tanggal 31 Desember 2024 LCR and NSFR as of 31 December 2024 were
masing-masing berada pada level 426% dan maintained at level of 426% and 115% respectively
115% (tidak diaudit) dimana kedua rasio ini jauh (unaudited) which these two ratios were above
berada diatas ketentuan regulator sebesar 100%. regulatory minimum requirement level of 100%.
Bank secara berkesinambungan akan terus The Bank will continuously maintain the LCR and
menjaga tingkat LCR dan NSFR agar berada NSFR in a sound range.
dalam kisaran yang sehat.
165
Page 565
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. Kebijakan Manajemen Risiko (lanjutan) 39. Risk Management Policies (continued)
Risiko likuiditas (lanjutan) Liquidity risk (continued)
Disamping itu pengukuran dan pemantauan In addition to the above measurement and
terhadap analisa gap, limit-limit yang ditetapkan, monitoring of the gap analysis, defined limits, stress
stress-testing, dan Rencana Pendanaan Darurat testing, and Contingency Funding Plan are
dilaksanakan secara konsisten. consistently implemented.
Rencana Pendanaan Darurat menjadi komponen The Contingency Funding Plan (CFP) is a critical
penting dalam kerangka kerja manajemen component of the liquidity management framework
likuiditas dan berfungsi sebagai perpanjangan and serves as an extension of the Bank’s
atas kebijakan operasional atau manajemen operational or daily liquidity management policy.
likuiditas sehari-hari. Walaupun Bank memantau Although the Bank periodically monitors liquidity
kebutuhan likuiditas dan pendanaan secara and funding requirements, it is important to
berkala, penting juga untuk mengetahui kejadian recognize the unexpected events, economic or
yang tak terduga, kondisi ekonomi dan pasar, market conditions, earnings problems or situations
masalah pendapatan atau situasi di luar kendali beyond its control that could cause a liquidity crisis.
yang dapat menyebabkan krisis likuiditas. The CFP outlines the actions to be taken by the
Rencana Pendanaan Darurat menguraikan Bank in the event of a liquidity crisis and would be
tindakan yang harus diambil oleh Bank pada saat activated in the event of a liquidity stress situation.
terjadi krisis likuiditas dan akan diaktifkan jika
terjadi krisis atau liquidity stress.
Hal ini berfungsi untuk mengidentifikasi dan It serves to identify and recognize a liquidity crisis,
mengetahui potensi krisis likuiditas, menentukan define the appropriate management
tanggung jawab dan tindakan manajemen yang responsibilities and responses during a crisis,
terkait pada saat krisis, memperbaiki area yang rectify areas of concern and ensure that information
menjadi perhatian dan memastikan bahwa arus flows remain timely and uninterrupted so it can
informasi tepat waktu sehingga dapat facilitate quick and effective decision-making.
memfasilitasi pengambilan keputusan secara
cepat dan efektif.
Tingkat kerumitan dan detail dari rencana The level of sophistication and detail of the plan
tersebut disesuaikan dengan kompleksitas, would commensurate with the complexity, risk
eksposur risiko, aktivitas, produk, dan struktur exposure, activities, products and organization
organisasi Bank untuk menentukan indikator yang structure of the Bank to identify the indicators that
paling relevan untuk digunakan dalam mengelola are most relevant to its management of liquidity and
likuiditas dan pendanaan. Selain itu, Bank juga funding. In addition, the Bank also has established
telah menetapkan Liquidity Crisis Management a Liquidity Crisis Management Team which is
Team yang bertanggung jawab untuk responsible to evaluate the liquidity position and
mengevaluasi posisi likuiditas dan menentukan decide the actions to be taken when crisis occurs.
tindakan yang akan diambil pada saat terjadi
krisis.
Analisa arus kas mengenai kebutuhan The cash flow analysis of net funding requirement
pendanaan bersih melibatkan penyusunan involves the preparation of cash flow mismatch
laporan arus kas berdasarkan jatuh tempo based on actual contractual and behavioral
(kontraktual) aktual dari arus kas tersebut maturity. Contractual cash flow profiles allocate the
maupun secara behavioral. Profil arus kas assets, liabilities and off-balance sheet items into
kontraktual mengalokasikan aset-aset, liabilitas- time band by remaining maturity of the assets,
liabilitas dan rekening administratif ke dalam liabilities and off balance sheet items. While
jangka waktu berdasarkan sisa jatuh tempo aset, behavioral cash flow is based on Business As
liabilitas, dan rekening administratif tersebut. Usual (BAU). In behavioral cash flow, core non-
Sedangkan arus kas secara behavioral core measurement is conducted.
berdasarkan perilaku arus kas secara bisnis pada
umumnya. Dalam arus kas secara perilaku bisnis
pada umumnya, dilakukan pengukuran arus kas
yang menetap (Core) maupun tidak menetap
(Non Core).
166
Page 566
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. Kebijakan Manajemen Risiko (lanjutan) 39. Risk Management Policies (continued)
Risiko likuiditas (lanjutan) Liquidity risk (continued)
Dari analisa arus kas secara perilaku bisnis pada From the behaviour or Business As Usual (BAU)
umumnya, diperoleh gap Net Cumulative Outflow cash flow analysis, it is obtained the expected Net
(NCO) yang diperkirakan akan dihadapi Bank dan Cumulative Outflow (NCO) gap that will be
dilakukan pengawasan secara harian. encountered by the Bank and is monitored in daily
basis.
Tabel jatuh tempo aset dan liabilitas Bank Maturity table of the Bank’s asset and liabilities
berdasarkan jangka waktu kontraktual yang based on contractual can be seen in Note 38.
tersisa dapat dilihat pada Catatan 38.
40. Nilai Wajar Instrumen Keuangan 40. Fair Value of Financial Instruments
Tabel di bawah ini menyajikan perbandingan The tables below present the comparison between
antara nilai tercatat, seperti yang dilaporkan the carrying values as reported in the statement of
dalam laporan posisi keuangan dengan nilai wajar financial position and the fair values of all financial
semua aset keuangan dan liabilitas keuangan. assets and liabilities.
31 Desember/
31 December 2024
Nilai tercatat/ Nilai wajar/
Carrying value Fair value
Aset Keuangan Financial Assets
Biaya perolehan yang diamortisasi Amortised cost
Kas 681.840 681.840 Cash
Giro pada Bank Indonesia 5.798.664 5.798.664 Currents accounts with Bank Indonesia
Giro pada bank lain - neto 821.513 821.513 Current accounts with other banks - net
Penempatan pada Bank Indonesia Placement with Bank Indonesia
dan bank lain - neto 3.657.057 3.657.057 and other banks - net
Investasi keuangan - neto 9.528.940 9.528.940 Financial investments - net
Kredit yang diberikan - neto 96.452.256 96.452.256 Loans - net
Tagihan akseptasi - neto 2.417.881 2.417.881 Acceptance receivables - net
Aset lain-lain* 1.142.793 1.142.793 Other assets*
Diukur pada nilai wajar
melalui laba rugi Fair value through profit or loss
Efek-efek yang diperdagangkan 2.306.993 2.306.993 Trading securities
Tagihan derivatif 2.062.193 2.062.193 Derivative receivables
Tagihan atas surat berharga Receivables on securities
yang dibeli dengan janji purchased with
dijual kembali - neto 1.653.008 1.653.008 agreements to resell - net
Diukur pada nilai wajar Fair value through
melalui penghasilan komprehensif lain other comprehensive income
Investasi keuangan 22.923.886 22.923.886 Financial investments
Total 149.447.024 149.447.024 Total
Liabilitas Keuangan Financial Liabilities
Diukur pada nilai wajar
melalui laporan laba rugi Fair value through profit or loss
Liabilitas derivatif 2.225.890 2.225.890 Derivative payables
Liabilitas atas surat berharga yang dijual Liabilities on securities sold under
dengan janji dibeli kembali 5.576.054 5.576.054 repurchase agreement
167
Page 567
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
40. Nilai Wajar Instrumen Keuangan (lanjutan) 40. Fair Value of Financial Instruments (continued)
Tabel di bawah ini menyajikan perbandingan The tables below present the comparison between
antara nilai tercatat, seperti yang dilaporkan the carrying values as reported in the statement of
dalam laporan posisi keuangan dengan nilai wajar financial position and the fair values of all financial
semua aset keuangan dan liabilitas keuangan. assets and liabilities. (continued)
(lanjutan)
31 Desember/
31 December 2024
Nilai tercatat/ Nilai wajar/
Carrying value Fair value
Liabilitas Keuangan (lanjutan) Financial Liabilities (continued)
Liabilitas Lain-lain Other Liabilities
Liabilitas segera 504.053 504.053 Current liabilities
Simpanan dari nasabah 116.911.750 116.911.750 Deposits from customers
Simpanan dari bank lain 4.440.259 4.440.259 Deposits from other banks
Bunga yang masih harus dibayar 195.817 195.817 Interest payables
Liabilitas akseptasi 2.306.951 2.306.951 Acceptance payables
Efek utang yang diterbitkan - neto 1.041.910 956.551 Debt securities issued - net
Liabilitas lain-lain** 2.789.648 2.789.648 Other liabilities**
Total 135.992.332 135.906.973 Total
31 Desember/
31 December 2023
Nilai tercatat/ Nilai wajar/
Carrying value Fair value
Aset Keuangan Financial Assets
Biaya perolehan yang diamortisasi Amortised cost
Kas 603.540 603.540 Cash
Giro pada Bank Indonesia 9.901.077 9.901.077 Currents accounts with Bank Indonesia
Giro pada bank lain - neto 981.776 981.776 Current accounts with other banks - net
Penempatan pada Bank Indonesia Placement with Bank Indonesia
dan bank lain - neto 2.135.930 2.135.930 and other banks - net
Investasi keuangan - neto 12.649.460 12.649.460 Financial investments - net
Kredit yang diberikan - neto 79.911.842 79.911.842 Loans - net
Tagihan atas surat berharga Receivables on securities
yang dibeli dengan janji purchased with
dijual kembali - neto 21.096.176 21.096.176 agreements to resell - net
Tagihan akseptasi - neto 2.498.666 2.498.666 Acceptance receivables - net
Aset lain-lain* 987.526 987.526 Other assets*
Diukur pada nilai wajar
melalui laba rugi Fair value through profit or loss
Efek-efek yang diperdagangkan 2.758.236 2.758.236 Trading securities
Tagihan derivatif 840.694 840.694 Derivative receivables
Tagihan atas surat berharga Receivables on securities
yang dibeli dengan janji purchased with
dijual kembali - neto 1.582.077 1.582.077 agreements to resell - net
Diukur pada nilai wajar Fair value through
melalui penghasilan komprehensif lain other comprehensive income
Investasi keuangan 20.401.765 20.401.765 Financial investments
Total 156.348.765 156.348.765 Total
* Aset lain-lain terdiri dari piutang bunga, setoran jaminan dan * Other assets consists of interest receivables, security deposits and
transaksi spot. spot transactions.
** Liabilitas lain-lain terdiri dari biaya yang masih harus dibayar, ** Other liabilities consists of accrued expenses, security deposits and
setoran jaminan dan transaksi spot. spot transactions.
168
Page 568
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
40. Nilai Wajar Instrumen Keuangan (lanjutan) 40. Fair Value of Financial Instruments (continued)
Tabel di bawah ini menyajikan perbandingan The tables below present the comparison between
antara nilai tercatat, seperti yang dilaporkan the carrying values as reported in the statement of
dalam laporan posisi keuangan dengan nilai wajar financial position and the fair values of all financial
semua aset keuangan dan liabilitas keuangan. assets and liabilities. (continued)
(lanjutan)
31 Desember/
31 December 2023
Nilai tercatat/ Nilai wajar/
Carrying value Fair value
Liabilitas Keuangan Financial Liabilities
Biaya perolehan yang diamortisasi Amortised cost
Liabilitas atas surat berharga yang dijual Liabilities on securities sold under
dengan janji dibeli kembali 13.295.961 13.295.961 repurchase agreement
Diukur pada nilai wajar
melalui laporan laba rugi Fair value through profit or loss
Liabilitas derivatif 1.222.600 1.222.600 Derivative payables
Liabilitas Lain-lain Other Liabilities
Liabilitas segera 473.355 473.355 Current liabilities
Simpanan dari nasabah 119.282.541 119.282.541 Deposits from customers
Simpanan dari bank lain 1.398.759 1.398.759 Deposits from other banks
Bunga yang masih harus dibayar 199.137 199.137 Interest payables
Liabilitas akseptasi 2.412.181 2.412.181 Acceptance payables
Efek utang yang diterbitkan - neto 1.443.423 1.541.996 Debt securities issued - net
Liabilitas lain-lain** 2.044.497 2.044.497 Other liabilities**
Total 141.772.454 141.871.027 Total
* Aset lain-lain terdiri dari piutang bunga, setoran jaminan dan * Other assets consists of interest receivables, security deposits and
transaksi spot. spot transactions.
** Liabilitas lain-lain terdiri dari biaya yang masih harus dibayar, ** Other liabilities consists of accrued expenses, security deposits and
setoran jaminan dan transaksi spot. spot transactions.
Nilai wajar aset dan liabilitas keuangan, kecuali The fair value of financial assets and liabilities,
efek-efek yang diperdagangkan, tagihan dan except for trading securities, derivative receivables
liabilitas derivatif, investasi keuangan yang and liabilities, financial investments available-for-
tersedia untuk dijual dan efek utang yang sale and debt securities issued, approximate its
diterbitkan, mendekati nilai tercatatnya karena carrying values because financial assets and
aset dan liabilitas keuangan dalam jumlah liabilities in significant amount have short-term
signifikan memiliki jangka waktu yang pendek period and/or the interest rate is frequently
dan/atau suku bunganya sering ditinjau ulang. reviewed. The fair value of derivative receivables
Tagihan dan liabilitas derivatif nilai wajarnya and liabilities are based on valuation technique.
dihitung berdasarkan teknik penilaian. Efek-efek Trading securities and financial investment at fair
yang diperdagangkan dan investasi keuangan value through other comprehensive income, its fair
yang diukur pada nilai wajar melalui penghasilan value is based on quoted or observable prices. The
komprehensif lain, nilai wajarnya berdasarkan fair value of debt securities issued are calculated
harga yang dapat diperoleh atau dapat using discounted cash flows using market interest
diobservasi. Nilai wajar dari efek utang yang rate.
diterbitkan dihitung menggunakan diskonto arus
kas berdasarkan tingkat suku bunga pasar.
Penilaian atas nilai wajar instrumen keuangan Valuation for the fair value of financial instruments
berdasarkan hierarki nilai wajar dapat dilihat pada based on the fair value hierarchy refer to Note 2af.
Catatan 2af.
169
Page 569
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
40. Nilai Wajar Instrumen Keuangan (lanjutan) 40. Fair Value of Financial Instruments (continued)
Tabel di bawah ini menyajikan aset dan liabilitas The tables below show the asset and liabilities
yang diakui pada nilai wajar berdasarkan hierarki recognized at fair value based on the hierarchy
yang digunakan oleh Bank untuk menentukan used by the Bank in determining and disclosing the
dan mengungkapkan nilai wajar dari aset dan fair value of asset and liabilities:
liabilitas:
31 Desember/
31 December 2024
Tingkat 1/ Tingkat 2/ Tingkat 3/
Level 1 Level 2 Level 3 Total
Aset yang diukur pada
nilai wajar Assets measured at fair value
Investasi keuangan 22.923.886 - - 22.923.886 Financial investments
Efek-efek yang
diperdagangkan 2.306.993 - - 2.306.993 Trading securities
Tagihan derivatif - 2.062.193 - 2.062.193 Derivative receivables
Tagihan atas surat berharga Receivables on securities
yang dibeli dengan janji purchased with
dijual kembali - 1.653.008 - 1.653.008 agreements to resell
Total aset yang diukur Total assets measured
pada nilai wajar 25.230.879 3.715.201 - 28.946.080 at fair value
Aset yang nilai wajarnya Assets for which
diungkapkan fair value are disclosed
Kredit yang diberikan - neto - - 96.452.256 96.452.256 Loans - net
Investasi keuangan - neto - 9.528.940 - 9.528.940 Financial investments - net
Agunan yang diambil alih - neto - - 149.034 149.034 Foreclosed assets - net
Properti terbengkalai - - 28.534 28.534 Abandoned property
Total aset yang nilai Total assets for which
wajarnya diungkapkan - 9.528.940 96.629.824 106.158.764 fair value are disclosed
Total 25.230.879 13.244.141 96.629.824 135.104.844 Total
Liabilitas yang diukur pada
nilai wajar Liabilities measured at fair value
Liabilitas derivatif - 2.225.890 - 2.225.890 Derivative liabilities
Liabilitas atas surat berharga Receivables on securities
yang dijual dengan janji purchased with
dibeli kembali - 5.576.054 - 5.576.054 agreements to resell
Total liabilitas yang diukur Total liabilities measured
pada nilai wajar - 7.801.944 - 7.801.944 at fair value
Liabilitas yang nilai wajarnya Liabilities for which
diungkapkan fair value are disclosed
Efek utang yang diterbitkan
- neto - 956.551 - 956.551 Debt securities issued - net
Total liabilitas yang nilai Total liabilities for which
wajarnya diungkapkan - 956.551 - 956.551 fair value are disclosed
Total - 8.758.495 - 8.758.495 Total
170
Page 570
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
40. Nilai Wajar Instrumen Keuangan (lanjutan) 40. Fair Value of Financial Instruments (continued)
Tabel di bawah ini menyajikan aset dan liabilitas The tables below show the asset and liabilities
yang diakui pada nilai wajar berdasarkan hierarki recognized at fair value based on the hierarchy
yang digunakan oleh Bank untuk menentukan used by the Bank in determining and disclosing the
dan mengungkapkan nilai wajar dari aset dan fair value of asset and liabilities: (continued)
liabilitas: (lanjutan)
31 Desember/
31 December 2023
Tingkat 1/ Tingkat 2/ Tingkat 3/
Level 1 Level 2 Level 3 Total
Aset yang diukur pada
nilai wajar Assets measured at fair value
Investasi keuangan 20.401.765 - - 20.401.765 Financial investments
Efek-efek yang
diperdagangkan 2.758.236 - - 2.758.236 Trading securities
Tagihan derivatif - 840.694 - 840.694 Derivative receivables
Tagihan atas surat berharga Receivables on securities
yang dibeli dengan janji purchased with
dijual kembali - 1.582.077 - 1.582.077 agreements to resell
Total aset yang diukur Total assets measured
pada nilai wajar 23.160.001 2.422.771 - 25.582.772 at fair value
Aset yang nilai wajarnya Assets for which
diungkapkan fair value are disclosed
Kredit yang diberikan - neto - - 79.911.842 79.911.842 Loans - net
Investasi keuangan - neto - 12.649.460 - 12.649.460 Financial investments - net
Tagihan atas surat berharga Receivables on securities
yang dibeli dengan janji purchased with
dijual kembali - neto - 21.096.176 - 21.096.176 agreements to resell - net
Agunan yang diambil alih - neto - - 157.602 157.602 Foreclosed assets - net
Properti terbengkalai - - 28.689 28.689 Abandoned property
Total aset yang nilai Total assets for which
wajarnya diungkapkan - 33.745.636 80.098.133 113.843.769 fair value are disclosed
Total 23.160.001 36.168.407 80.098.133 139.426.541 Total
Liabilitas yang diukur pada
nilai wajar Liabilities measured at fair value
Liabilitas derivatif - 1.222.600 - 1.222.600 Derivative liabilities
Total liabilitas yang diukur Total liabilities measured
pada nilai wajar - 1.222.600 - 1.222.600 at fair value
Liabilitas yang nilai wajarnya Liabilities for which
diungkapkan fair value are disclosed
Efek utang yang diterbitkan
- neto - 1.541.996 - 1.541.996 Debt securities issued - net
Total liabilitas yang nilai Total liabilities for which
wajarnya diungkapkan - 1.541.996 - 1.541.996 fair value are disclosed
Total - 2.764.596 - 2.764.596 Total
171
Page 571
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
41. Informasi Segmen Operasi 41. Operating Segment Information
Segmen operasi dilaporkan sesuai dengan Operating segments are reported in accordance
laporan internal Bank yang disiapkan untuk with the internal reporting provided to determine
mengambil keputusan operasional, yaitu Direksi operational decision, which is the Board of
yang bertanggung jawab untuk mengalokasikan Directors who are responsible for allocating
sumber daya ke segmen tertentu dan penilaian resources to certain segments and performance
atas performanya. assessments.
Untuk tahun yang berakhir pada tanggal For the year ended 31 December 2024 and 2023,
31 Desember 2024 dan 2023, Bank memiliki tiga the Bank has three operating segments classified
segmen operasi yang diklasifikasikan based on products and services as follows:
berdasarkan produk dan jasa sebagai berikut: - Wholesale consists of commercial banking,
- Wholesale yang terdiri segmen commercial corporate banking, financial institution group,
banking, corporate banking, financial institution multi national companies, treasury and
group, multi national companies, treasury dan investment banking segment.
investment banking. - Retail yang terdiri dari segmen personal
- Retail yang terdiri dari segmen personal financial services, kartu kredit, privillage banking
financial services, kartu kredit, privillage dan digital banking.
banking dan digital banking. - Other comprises segments that cannot be
- Lain-lain yang terdiri dari segmen yang tidak allocated to the wholesale or retail.
dapat dialokasikan ke segmen wholesale atau
retail.
Tabel berikut menyajikan informasi segmen bisnis The tables below show the business segment
Bank berdasarkan segmen operasi: information of the Bank based on operating
segment:
31 Desember/31 December 2024
Lainnya/
Wholesale Retail Others Total
Laporan laba rugi Statement of profit or loss
dan penghasilan and other comprehensive
komprehensif lain income
Pendapatan* 3.661.217 2.781.687 1.011.557 7.454.461 Income*
Beban** (1.750.640 ) (2.754.818 ) (1.307.105 ) (5.812.563) Expenses**
Cadangan kerugian penurunan Allowance for impairment
nilai (474.341 ) (604.595 ) 2.078 (1.076.858) losses
Laba sebelum beban pajak 1.436.236 (577.726 ) (293.470 ) 565.040 Income before tax expense
Beban pajak (158.800) Tax expense
Laba tahun berjalan 406.240 Income for the year
Laporan posisi keuangan Statement of financial position
Jumlah aset 132.104.591 16.376.467 7.660.724 156.141.782 Total assets
Jumlah liabilitas 92.165.445 36.498.952 9.651.218 138.315.615 Total liabilities
172
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The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
41. Informasi Segmen Operasi (lanjutan) 41. Operating Segment Information (continued)
Tabel berikut menyajikan informasi segmen bisnis The tables below show the business segment
Bank berdasarkan segmen operasi: (lanjutan) information of the Bank based on operating
segment: (continued)
31 Desember/31 December 2023
Lainnya/
Wholesale Retail Others Total
Laporan laba rugi Statement of profit or loss
dan penghasilan and other comprehensive
komprehensif lain income
Pendapatan* 4.641.625 2.099.479 (15.897 ) 6.725.207 Income*
Beban** (1.621.116 ) (2.126.895 ) (1.268.552 ) (5.016.563) Expenses**
Cadangan kerugian penurunan Allowance for impairment
nilai (663.602 ) (60.762 ) (72.591 ) (796.955) losses
Laba sebelum beban pajak 2.356.907 (88.178 ) (1.357.040 ) 911.689 Income before tax expense
Beban pajak (236.726) Tax expense
Laba tahun berjalan 674.963 Income for the year
Laporan posisi keuangan Statement of financial position
Jumlah aset 136.661.664 17.324.817 8.559.825 162.546.306 Total assets
Jumlah liabilitas 94.702.419 42.065.411 8.177.047 144.944.877 Total liabilities
* Pendapatan terdiri dari Pendapatan bunga neto, Pendapatan operasional lainnya, dan * Income consists of Interest income-net, Other operating income, and Non-operating income.
Pendapatan non-operasional.
** Beban terdiri dari Gaji dan kesejahteraan karyawan dan Beban umum dan administrasi. ** Expense consists of Salaries and employee’s benefits and General and administrative expenses.
Informasi yang berkaitan dengan segmen Information concerning the geographical segments
geografis Bank disajikan dalam tabel di bawah ini: of the Bank are set out in the tables below:
31 Desember/31 December 2024
Jawa Timur
Jakarta/ Sumatera/ dan Bali/ Total
Jakarta Sumatera East Java
and Bali
Laporan laba rugi Statement of profit or loss
dan penghasilan and other comprehensive
komprehensif lain income
Pendapatan* 6.305.306 579.714 569.441 7.454.461 Income*
Laporan posisi keuangan Statement of financial position
Jumlah aset 136.470.625 8.301.791 11.369.366 156.141.782 Total assets
31 Desember/31 December 2023
Jawa Timur
Jakarta/ Sumatera/ dan Bali/ Total
Jakarta Sumatera East Java
and Bali
Laporan laba rugi Statement of profit or loss
dan penghasilan and other comprehensive
komprehensif lain income
Pendapatan* 5.375.831 697.677 651.699 6.725.207 Income*
Laporan posisi keuangan Statement of financial position
Jumlah aset 130.088.872 15.934.794 16.522.640 162.546.306 Total assets
* Pendapatan terdiri dari Pendapatan bunga neto, Pendapatan operasional lainnya, dan * Income consists of Interest income-net, Other operating income, and Non-operating income.
Pendapatan non-operasional.
** Beban terdiri dari Gaji dan kesejahteraan karyawan dan Beban umum dan administrasi. ** Expense consists of Salaries and employee’s benefits and General and administrative expenses.
173
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The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
42. Tambahan Informasi Arus Kas 42. Supplementary Cash Flow Information
Perubahan pada liabilitas yang timbul dari aktivitas Changes in liabilities arising from financing
pendanaan pada laporan arus kas adalah sebagai activities in the cash flow statement are as follows:
berikut:
Arus kas/Cash flows Perubahan
1 Januari/ non-kas/ Selisih kurs/ 31 Desember/
1 January Penerimaan/ Pembayaran/ Non-cash Foreign 31 December
2024 Proceeds Payment changes exchange 2024
Efek utang yang
Diterbitkan 1.450.000 200.000 (600.000) - - 1.050.000 Debt securities issued
Beban terkait efek Cost of
Utang yang diterbitkan (6.577) - (4.953) 3.440 - (8.090) Debt securities issued
Efek utang yang
diterbitkan neto 1.443.423 200.000 (604.953) 3.440 - 1.041.910 Debt securities issued - net
Liabilitas sewa 187.538 - (106.246) 52.259 - 133.551 Lease liabilities
Total 1.630.961 200.000 (711.199) 55.699 - 1.175.461 Total
Arus kas/Cash flows Perubahan
1 Januari/ non-kas/ Selisih kurs/ 31 Desember/
1 January Penerimaan/ Pembayaran/ Non-cash Foreign 31 December
2023 Proceeds Payment changes exchange 2023
Efek utang yang
diterbitkan 1.605.000 (155.000) - - 1.450.000 Debt securities issued - net
Beban terkait efek Cost of
Utang yang diterbitkan (9.332) - - 2.755 - (6.577) Debt securities issued
Efek utang yang
diterbitkan neto 1.595.668 - (155.000) 2.755 - 1.443.423 Debt securities issued – net
Liabilitas sewa 83.516 - (60.087) 164.109 - 187.538 Lease liabilities
Total 1.679.184 - (215.087) 166.864 - 1.630.961 Total
43. Standar Akuntansi yang Telah Disahkan 43. Accounting Standards Issued but not yet
Namun Belum Berlaku Efektif Effective
Standar akuntansi yang telah diterbitkan sampai The accounting standards that have been issued
tanggal penerbitan laporan keuangan Bank up to the date of issuance of the Bank’s financial
namun belum berlaku efektif diungkapkan berikut statements, but not yet effective are disclosed
ini. Manajemen bermaksud untuk menerapkan below. The management intends to adopt these
standar-standar tersebut yang dipertimbangkan standards that are considered relevant to the Bank
relevan terhadap Bank pada saat efektif, dan when they become effective, and the impact to the
dampaknya terhadap posisi dan kinerja keuangan financial position and performance of the Bank is
Bank masih diestimasi pada tanggal penerbitan still being estimated as at the authorization date of
laporan keuangan ini. this financial statements.
Efektif berlaku pada atau setelah tanggal Effective on or after 1 January 2025
1 Januari 2025
Amendemen PSAK 221 “Pengaruh Perubahan SFAS 221 “The Effect of Changes in Foreign
Kurs Valuta Asing tentang Kekurangan Exchange Rates on the Lack of Convertibility”.
Ketertukaran”.
Amandemen ini memperjelas pengaturan terkait This amendment clarifies the regulations related to
kondisi ketika suatu mata uang tidak tertukarkan the conditions under which a currency is not
serta pengungkapannya. exchanged and its disclosure.
174
Page 574
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
43. Standar Akuntansi yang Telah Disahkan 43. Accounting Standards Issued but not yet
Namun Belum Berlaku Efektif (lanjutan) Effective (continued)
Efektif berlaku pada atau setelah tanggal Effective on or after 1 January 2026
1 Januari 2026
Standar tersebut akan berlaku efektif pada The above standards will be effective on 1 January
tanggal 1 Januari 2026 dan penerapan dini 2026 and early adoption is permitted.
diperbolehkan.
PSAK 107 “Instrumen Keuangan Pengungkapan SFAS 107: "Financial Instruments: Disclosures
tentang Klasifikasi dan Pengukuran Instrumen about the Classification and Measurement of
Keuangan. Financial Instruments."
Amendemen ini mengubah ketentuan dalam The amendments also revise the statement in SFAS
PSAK 107 terkait persyaratan pengungkapan 107 regarding the disclosure requirements for
investasi pada instrumen ekuitas yang diukur investments in equity instruments measured at fair
pada nilai wajar melalui penghasilan value through other comprehensive income and
komprehensif lain dan menambah ketentuan adding statament related to financial instruments
terkait instrumen keuangan dengan persyaratan with contractual terms that alter the timing or amount
kontraktual yang mengubah waktu atau jumlah of contractual cash flows
arus kas kontraktual.
PSAK 109 “Instrumen Keuangan” SFAS 109 "Financial Instruments"
Amendemen ini menambahkan dan These amendments adding and clarify statement in
mengklarifikasi ketentuan dalam PSAK 109 SFAS 109 regarding derecognition of financial
terkait penghentian pengakuan liabilitas liabilities, as well as clarify the assessment of cash
keuangan, serta mengklarifikasi penilaian flow characteristics for financial assets with ESG-
karakteristik arus kas untuk aset keuangan linked features, financial assets with non-recourse
dengan fitur ESG-linked, aset keuangan dengan features, and contractually bound instruments such
fitur non-recourse, dan instrumen yang terikat as tranches.
secara kontraktual seperti tranche.
Pada saat penerbitan laporan keuangan, Bank As at the authorization date of this financial
masih mempelajari dampak yang mungkin timbul statements, the Bank is still evaluating the potential
dari penerapan standar akuntansi baru dan revisi impact of these new and revised accounting
tersebut serta pengaruhnya pada laporan standards to the financial statements of the Bank.
keuangan Bank.
44. Analisis Kualitas Kredit 44. Credit Quality Analysis
Pengukuran kerugian kredit ekspektasian Measurement of expected credit losses
Peningkatan risiko kredit secara signifikan Significant increase in credit risk
Ketika menentukan apakah risiko gagal bayar When determining whether the risk of default on
pada instrumen keuangan telah meningkat financial instruments has increased significantly
secara signifikan sejak pengakuan awal, Bank since initial recognition, the Bank considers
memperbangkan informasi yang wajar dan reasonable and supported relevant information that
relevan yang mendukung dan tersedia tanpa is available without excessive costs or efforts. This
biaya atau upaya yang berlebihan. Hal tersebut includes quantitative and qualitative information
mencakup informasi dan analisa kuantitatif dan and analysis, based on historical experience and
kualitatif, berdasarkan pada pengalaman historis credit expert assessments and including forward-
dan penilaian pakar kredit dan termasuk looking estimates.
perkiraan masa depan.
175
Page 575
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
44. Analisis Kualitas Kredit (lanjutan) 44. Credit Quality Analysis (continued)
Pengukuran kerugian kredit ekspektasian Measurement of expected credit losses
(lanjutan) (continued)
Penentuan terjadinya peningkatan risiko Determination of significant increase in credit
kredit secara signifikan (lanjutan) risk (continued)
Tujuan dari penilaian ini adalah untuk The purpose of this assessment is to identify
mengidentifikasi apakah peningkatan risiko kredit whether a significant increase in credit risk of
secara signifikan atas eksposur telah terjadi exposure has occurred by comparing:
dengan membandingkan:
Probability of default (PD) atas umur tersisa Probability of default (PD) for the remaining
pada tanggal pelaporan; dengan tenor at the reporting date; with
Probability of default (PD) atas umur tersisa Probability of default (PD) for the estimated
yang di estimasi pada saat pengakuan awal remaining tenor at initial recognition of the
eksposur (jika relevan, disesuaikan dengan exposure (if relevant, adjusted for change in
perubahan ekspektasi pembayaran di muka). expectations of prepayment).
Bank menggunakan kriteria berikut dalam The Bank uses these criterias for determining
menentukan apakah peningkatan risiko kredit whether there has been a significant increase in
secara signifikan atas eksposur tersebut telah credit:
terjadi:
Tertunggak lebih dari 30 hari; Days past due above 30 days;
Dalam Perhatian Khusus (DPK) berdasarkan Special Mention based on OJK 3 pillars;
OJK 3 pilar;
Kredit yang direstrukturisasi; dan Loan restructure; and
Termasuk dalam kategori Watchlist (with Included as part of Watchlist (with High Risk).
High Risk).
Penentuan struktur probability of default Determination of the probability of default
structure
Bank menggunakan model statistik untuk The Bank uses a statistical model to analyze the
menganalisa data yang dikumpulkan dan collected data and produce an estimate of the
menghasilkan perkiraan probability of default probability of default (PD) for the remaining life and
(PD) atas umur tersisa dan bagaimana hal ini how this is expected to change as a result of the
diperkirakan akan berubah sebagai akibat dari passage of time.
berlalunya waktu.
Penentuan terjadinya peningkatan risiko Determination of significant increase in credit
kredit secara signifikan risk
Bank menggunakan sejumlah kriteria untuk The Bank uses several criterias for determining
menentukan telah terjadi peningkatan risiko kredit that credit risk has increased significantly.
secara signifikan.
Kriteria tersebut ditetapkan menggunakan faktor The criterias are determined using qualitative and
kuantitatif dan kualitatif termasuk penentuan quantitative factors including determination based
berdasarkan status hari tunggakan yang dapat on arrear day status that can indicate significant
mengindikasikan telah terjadi peningkatan risiko increase in credit risk since initial recognition.
kredit yang signifikan terhadap saat awal
diberikan.
176
Page 576
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
44. Analisis Kualitas Kredit (lanjutan) 44. Credit Quality Analysis (continued)
Penentuan terjadinya peningkatan risiko Determination of significant increase in credit
kredit secara signifikan (lanjutan) risk (continued)
Bank menggunakan penilaian dari analis kredit The Bank also uses the judgment of credit analysts
dan pengalaman historis yang relevan, dalam and, if possible, relevant historical experience, in
menentukan bahwa eksposur mungkin saja telah determining that the exposure may have
mengalami peningkatan risiko kredit yang experienced a significant increase in credit risk
signifikan berdasarkan indikator kualitatif tertentu based on certain qualitative indicators that are
yang dianggap dapat mengindikasikan hal considered to indicate this and their effects may not
tersebut dimana pengaruhnya mungkin belum be fully reflected in quantitative analysis in a
sepenuhnya tercermin pada saat dilakukan comprehensive manner on a timely manner.
analisis kuantitatif.
Bank menentukan bahwa peningkatan risiko The Bank determines that a significant increase in
kredit secara signifikan belum terjadi apabila credit risk has not occurred if it is still less than 30
masih kurang dari 30 hari tunggakan. Hari days in arrears. Arrear days are determined by
tunggakan ditentukan dengan menghitung jumlah counting the number of days from the initial due
hari sejak tanggal jatuh tempo awal dimana date where full payment has not been received.
pembayaran penuh belum diterima. Tanggal jatuh The due date is determined without considering the
tempo ditentukan tanpa mempertimbangkan grace period that might be available to the
masa tenggang yang mungkin tersedia bagi borrower.
peminjam.
Bank memantau efektivitas kriteria yang The Bank monitors the effectiveness of the criteria
digunakan dalam mengidentifikasi peningkatan used in identifying significant increases in credit
risiko kredit yang signifikan dengan cara reviu risk by periodic review.
berkala.
Modifikasi aset keuangan Modification of financial assets
Ketentuan kontraktual pinjaman dapat Loan contractual terms can be modified for a
dimodifikasi untuk beberapa alasan, termasuk number of reasons, including changes in market
perubahan kondisi pasar, retensi pelanggan dan conditions, customer retention and other factors
faktor-faktor lain yang tidak terkait dengan not related to the current credit decline. Loans with
penurunan kredit. Pinjaman yang ketentuan modified contractual terms can cause the initial
kontraktualnya dimodifikasi dapat menyebabkan loan to be derecognized and recognized the
pinjaman awal dihentikan pengakuannya dan modified loan as a new loan at fair value.
pinjaman hasil modifikasi diakui sebagai pinjaman
baru pada nilai wajar.
Definisi gagal bayar (default) Definition of failed payment (default)
Bank menganggap aset keuangan dalam The Bank considers financial assets as default
keadaan default/gagal bayar ketika: when:
Debitur tidak mungkin membayar kewajiban The debtor is unlikely to pay its credit
kreditnya secara penuh, tanpa bantuan obligation in full, without assistance (recourse)
(recourse) dari Bank; atau from the Bank; or
Debitur telah melewati jatuh tempo lebih dari The debtor has past due more than 90 days for
90 hari atas kewajiban kredit material apa any material credit obligations to the Bank.
pun kepada Bank.
Kualitatif seperti pelanggaran persyaratan Qualitative such as violations of the terms of
perjanjian (kovenan); dan the agreement (covenants); and
Kuantitatif seperti status tunggakan. Quantitative such as arrears status.
177
Page 577
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
44. Analisis Kualitas Kredit (lanjutan) 44. Credit Quality Analysis (continued)
Input, asumsi, dan teknik yang digunakan Inputs, assumptions, and techniques used in
dalam mengestimasi penurunan nilai estimating impairment
Penggunaan informasi perkiraan masa depan Use of forward-looking information
(forward-looking)
Bank menggunakan informasi forward-looking The Bank uses forward-looking information in
dalam menilai apakah telah terjadi peningkatan assessing whether there has been a significant
risiko kredit secara signifikan dan pengukuran increase in credit risk and measurement of
kerugian kredit ekspektasian. Berdasarkan saran expected credit losses. Based on advice from
dari pakar ekonomi dan pertimbangan berbagai economists and consideration of various actual
informasi aktual dan perkiraan eksternal, Bank information and external forecast, the Bank
merumuskan pandangan dasar (base case) formulated a base case for the movement of
tentang pergerakan variabel ekonomi yang relevant economic variables in future as well as
relevan di masa depan serta perkiraan skenario forecasts of other possible scenarios. This process
lain yang mungkin terjadi. Proses ini meliputi involves developing two or more additional
pengembangan dua atau lebih skenario ekonomi economic scenarios and considering the relative
tambahan dan mempertimbangkan probabilitas probabilities of the possible outputs. External
relatif dari keluaran (output) yang mungkin. information includes economic data and estimation
Informasi eksternal mencakup data ekonomi dan published by, such as government agencies and
perkiraan yang diterbitkan oleh, seperti badan selected private sector analysts and academics.
pemerintah dan analis sektor swasta dan
akademisi terpilih.
Pandangan dasar (base case) mencerminkan The base case reflects the output with the highest
keluaran dengan probabilitas yang paling tinggi probability and is used in strategic planning and
dan digunakan dalam perencanaan strategis dan budgeting. Another scenario, reflects more
anggaran. Skenario yang lain, mencerminkan optimistic outputs and/or more pessimistic outputs.
keluaran yang lebih optimis dan keluaran yang
lebih pesimis.
Bank menggunakan berbagai variabel makro The Bank uses various macro-economic variables
ekonomi (MEV) untuk memperkirakan masa (MEV) to estimate the forward-looking, such as
depan (forward-looking), antara lain Jakarta Jakarta Interbank Offered Rate (JIBOR) 1-month,
Interbank Offered Rate (JIBOR) 1-bulan, Gross Domestic Product (GDP) growth,
pertumbuhan Produk Domestik Bruto (PDB), unemployment rate, inflation rate and House Price
tingkat pengangguran, tingkat inflasi dan House Index (HPI).
Price Index (HPI).
Input utama dalam pengukuran kerugian kredit The main inputs in measuring expected credit loss
ekspektasian adalah variabel berikut : are the following variables:
- Probability of default (PD). - Probability of default (PD).
- Loss of given default (LGD). - Loss of given default (LGD).
- Exposure at default (EAD). - Exposure at default (EAD).
Parameter ini umumnya berasal dari model These parameters generally come from statistical
statistik yang dikembangkan secara internal dan models that are developed internally and other
data historis lainnya. historical data.
PD adalah tingkat kemungkinan kegagalan PD is the probability of debtor failure to fulfill the
debitur memenuhi kewajiban. obligations.
LGD adalah besarnya tingkat kerugian yang LGD is the amount of loss caused by the debtor's
diakibatkan kegagalan debitur memenuhi failure to meet the obligations which can be
kewajiban yang dapat diukur berdasarkan measured based on several approaches including
beberapa pendekatan antara lain Expected Expected Recoveries, Collateral Shortfalls, and
Recoveries, Collateral Shortfall, dan Loss on Loss on Disposal.
Disposal.
178
Page 578
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
44. Analisis Kualitas Kredit (lanjutan) 44. Credit Quality Analysis (continued)
Pengukuran kerugian kredit ekspektasian Measurement of expected credit losses
(lanjutan) (continued)
Input, asumsi, dan teknik yang digunakan Inputs, assumptions, and techniques used in
dalam mengestimasi penurunan nilai (lanjutan) estimating impairment (continued)
Penggunaan informasi perkiraan masa depan Use of forward-looking information (continued)
(forward-looking) (lanjutan)
EAD dipandang sebagai estimasi atas sejauh EAD is seen as an estimation of the extent to which
mana suatu bank dapat terpapar oleh suatu a bank may be exposed to a counterparty in the
counterparty ketika counterparty tersebut event of, and at the time of, that counterparty’s
mengalami gagal bayar. EAD sama dengan default. EAD is equal to the current amount
jumlah saat ini yang belum dilunasi dalam hal outstanding in case of fixed exposures such as
eksposur tetap seperti pinjaman berjangka. Untuk term loans. For revolving exposures like lines of
eksposur berulang seperti kredit, EAD dapat credit, EAD can be divided into drawn and undrawn
dibagi menjadi drawn dan undrawn commitments, commitments; typically the drawn commitment is
biasanya drawn commitments diketahui known whereas the undrawn commitment needs to
sedangkan undrawn commitments perlu be estimated to arrive at a value of EAD.
diperkirakan sampai pada nilai EAD.
Ketika pemodelan parameter dilakukan secara When parameter modeling is done collectively,
kolektif, instrumen keuangan dikelompokkan financial instruments are grouped according to:
berdasarkan:
- Aset dapat dikelompokkan berdasarkan - Assets may be grouped based on shared risk
karakteristik risiko bersama; dan characteristics; and
- Hasil evaluasi harus konsisten terlepas dari - The outcome of the evaluation shall be
apakah aset dievaluasi secara individual atau consistent regardless of whether the asset is
sebagai bagian dari grup. evaluated individually or as part of a group.
45. Informasi Tambahan 45. Additional Information
Informasi tambahan berikut merupakan informasi The following additional informations are required
yang dipersyaratkan untuk diungkapkan oleh for disclosure by Financial Service Authorities
Otoritas Jasa Keuangan (OJK) sebagai informasi (OJK), which is in addition to the Indonesian
tambahan atas Standar Akuntansi Keuangan di Accounting Standards:
Indonesia:
a. Giro Wajib Minimum (GWM) a. Minimum Reserve Requirements (GWM)
Bank dipersyaratkan untuk memiliki Giro The Bank is required to maintain Minimum
Wajib Minimum (GWM) dalam mata uang Statutory Reserves (GWM) in Rupiah for
Rupiah dalam kegiatannya sebagai bank conventional banking and statutory reserves in
umum, serta GWM dalam mata uang asing foreign currencies for foreign exchange
dalam kegiatannya melakukan transaksi transactions.
mata uang asing.
179
Page 579
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
45. Informasi Tambahan (lanjutan) 45. Additional Information (continued)
Informasi tambahan berikut merupakan informasi The following additional informations are required
yang dipersyaratkan untuk diungkapkan oleh for disclosure by Financial Service Authorities
Otoritas Jasa Keuangan (OJK) sebagai informasi (OJK), which is in addition to the Indonesian
tambahan atas Standar Akuntansi Keuangan di Accounting Standards: (continued)
Indonesia: (lanjutan)
a. Giro Wajib Minimum (GWM) (lanjutan) a. Minimum Reserve Requirements (GWM)
(continued)
Pada tanggal 31 Desember 2024 dan 2023, As of 31 December 2024 and 2023, GWM in
GWM dalam Rupiah dan mata uang asing Rupiah and foreign currencies are as follows:
masing-masing adalah sebagai berikut:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Rupiah Rupiah
GWM Harian 7,52% 9,42% Daily GWM
GWM Rata-rata 9,11% 10,34% Average GWM
Penyangga Likuiditas Macroprudential Liquidity
Makroprudensial 37,98% 34,36% Buffer
Rasio Intermediasi Macroprudential
Makroprudensial 88,83% 67,84% Intermediation Ratio
Valuta asing Foreign currencies
GWM Harian 4,17% 4,67% Daily GWM
GWM Rata-rata 4,14% 4,22% Average GWM
GWM adalah simpanan minimum yang wajib GWM is a minimum reserve that should be
dipelihara oleh Bank dalam bentuk saldo maintained by the Bank in the current account
rekening giro pada Bank Indonesia yang with Bank Indonesia, the amount of which is
besarnya ditetapkan oleh Bank Indonesia determined by Bank Indonesia at a certain
sebesar persentase tertentu dari dana pihak percentage of third party fund in rupiah and
ketiga dalam rupiah dan valuta asing. foreign currency.
Penyangga Likuiditas Makroprudensial Macroprudential Liquidity Buffer (PLM) is the
(PLM) adalah cadangan likuiditas minimum minimum liquidity reserve in Rupiah that the
dalam Rupiah yang wajib dipelihara oleh Bank is required to maintain in form of the
Bank dalam bentuk surat berharga yang percentage of treasury bonds over third party
besarnya ditetapkan oleh Bank Indonesia funds in Rupiah.
sebesar persentase tertentu dari dana pihak
ketiga dalam Rupiah.
Rasio Intermediasi Makroprudensial (RIM) Macroprudential Intermediation Ratio (RIM) is
adalah rasio hasil perbandingan pinjaman resulted from comparison of loan and
yang diberikan dan surat berharga korporasi corporate bonds owned by the Bank towards
yang dimiliki oleh Bank terhadap dana pihak third party funds in form of demand deposits,
ketiga dalam bentuk giro, tabungan dan saving deposits and time deposits (excluded
simpanan berjangka (tidak termasuk dana deposits from other banks) and bonds issued
antarbank), surat berharga yang diterbitkan by the Bank to non-bank third parties and
oleh Bank kepada pihak ketiga bukan bank borrowings in the form of bilateral and
dan pinjaman yang diterima dalam bentuk syndicated loans with remaining term of more
pinjaman bilateral dan sindikasi dengan sisa than 1 year and are not domestic interbank
jangka waktu lebih dari 1 tahun dan bukan loans and overdraft.
merupakan pinjaman antarbank dalam negeri
dan overdraft.
180
Page 580
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
45. Informasi Tambahan (lanjutan) 45. Additional Information (continued)
Informasi tambahan berikut merupakan informasi The following additional informations are required
yang dipersyaratkan untuk diungkapkan oleh for disclosure by Financial Service Authorities
Otoritas Jasa Keuangan (OJK) sebagai informasi (OJK), which is in addition to the Indonesian
tambahan atas Standar Akuntansi Keuangan di Accounting Standards: (continued)
Indonesia: (lanjutan)
a. Giro Wajib Minimum (GWM) (lanjutan) a. Minimum Reserve Requirements (GWM)
(continued)
Rasio GWM Bank pada tanggal The Bank’s GWM ratios as of 31 December
31 Desember 2024 dan 2023 telah sesuai 2024 and 2023 have already complied with
dengan Peraturan Bank Indonesia (PBI) Bank Indonesia Regulation No.24/4/PBI/2022
No.24/4/PBI/2022 tanggal 25 Februari 2022 dated 25 February 2022 regarding fourth
tentang perubahan keempat atas PBI amendment of PBI No. 20/3/PBI/2018 dated
No.20/3/PBI/2018 tanggal 29 Maret 2018 29 March 2018 and Regulation (PADG) No. 12
tentang Giro Wajib Minimum Bank Umum of 2023 dated 27 September 2023 concerning
dalam Rupiah dan Valuta Asing bagi Bank Regulations for the Fulfillment of Minimum
Umum Konvensional dan Peraturan Anggota Statutory Current Accounts in Rupiah and
Dewan Gubernur (PADG) No. 12 Tahun Foreign Currencies for Conventional
2023 tanggal 27 September 2023 tentang Commercial Banks, Sharia Commercial
Peraturan Pelaksanaan Pemenuhan Giro Banks, and Sharia Business Units. The
Wajib Minimum dalam Rupiah dan Valuta parameter of required GWM Rupiah is
Asing bagi Bank Umum Konvensional, Bank determined at 0% which is fulfilled on a daily
Umum Syariah, dan Unit Usaha Syariah. basis and gradually for the average basis, at
Parameter pemenuhan GWM Rupiah 7.5% from 1 July to 31 August 2022 and at
ditetapkan sebesar 0% untuk GWM harian 9.0% from 1 September 2022.
dan bertahap untuk pemenuhan GWM
secara rata-rata yaitu sebesar 7,5% mulai
tanggal 1 Juli hingga 31 Agustus 2022 dan
sebesar 9,0% mulai tanggal 1 September
2022.
Bank Indonesia melakukan penguatan Bank Indonesia has strengthened incentive
kebijakan insentif untuk mendorong peranan policy to stimulate the role of banks in
perbankan dalam pembiayaan kepada sektor financing priority sectors in accordance with
prioritas sesuai Peraturan Bank Indonesia Bank Indonesia Regulation (PBI) No.
(PBI) No. 24/5/PBI/2022 tentang Insentif bagi 24/5/PBI/2022 regarding Incentives for Banks
Bank yang Memberikan Penyediaan Dana Providing Funds for Certain and Inclusive
untuk Kegiatan Ekonomi Tertentu dan Economic Activities dated 25 February 2022,
Inklusif tanggal 25 Februari 2022, as further regulated through PADG No.
sebagaimana diatur lebih lanjut melalui 24/4/PADG/2022 dated 1 March 2022 as
PADG No. 24/4/PADG/2022 tanggal 1 Maret amended by the latest amendment of PADG
2022 sebagaimana telah diubah dengan No. 1 of 2023 dated 15 February, 2023, which
perubahan terakhir PADG No. 1 Tahun 2023 then amended by PADG No. 11 year of 2023
tanggal 15 Februari 2023, yang selanjutnya dated 27 September 2023 and the latest
diubah melalui PADG No. 11 tahun 2023 amendment by PADG No. 11 year 2024 dated
tanggal 27 September 2023 dan perubahan 22 May 2024 regarding “Regulations for
terakhir melalui PADG No. 4 Tahun 2024 Implementing Macroprudential Liquidity
tanggal 22 Mei 2024 tentang “Peraturan Incentive Policy” Bank Indonesia provides
Pelaksanaan Kebijakan Insentif Likuiditas incentives in the form of leniency on the
Makroprudensial” Bank Indonesia obligation to fulfill the statutory reserve in
memberikan insentif berupa kelonggaran rupiah which must be fulfilled on a daily basis
atas kewajiban pemenuhan GWM dalam of 3.20% and the obligation to fulfill the
rupiah yang wajib dipenuhi secara harian statutory reserve in rupiah based on sharia
sebesar 3,20% dan kewajiban pemenuhan principles is 2.50%.
GWM dalam rupiah berdasarkan prinsip
syariah sebesar 2,50%.
181
Page 581
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
45. Informasi Tambahan (lanjutan) 45. Additional Information (continued)
Informasi tambahan berikut merupakan informasi The following additional informations are required
yang dipersyaratkan untuk diungkapkan oleh for disclosure by Financial Service Authorities
Otoritas Jasa Keuangan (OJK) sebagai informasi (OJK), which is in addition to the Indonesian
tambahan atas Standar Akuntansi Keuangan di Accounting Standards: (continued)
Indonesia: (lanjutan)
a. Giro Wajib Minimum (GWM) (lanjutan) a. Minimum Reserve Requirements (GWM)
(continued)
Insentif bagi Bank yang melakukan This incentive is given to Banks that provide
penyediaan dana untuk kegiatan ekonomi funds for certain and inclusive economic
tertentu dan inklusif ditetapkan oleh Bank activities as stipulated by Bank Indonesia and
Indonesia dan berlaku mulai tanggal are valid from 1 December 2023 to
1 Desember 2023 sampai dengan tanggal 29 February 2024.
29 Februari 2024.
Rasio Intermediasi Makroprudensial (RIM) The Bank’s Macroprudential Intermediation
dan Penyangga Likuiditas Makroprudensial Ratio (RIM) and Macroprudential Liquidity
(PLM) Bank pada tanggal 31 Desember 2024 Buffer (PLM) as of 31 December 2024 and
dan 2023 mengacu pada PADG 2023 refers to PADG No.24/14/PADG/2022
No.24/14/PADG/2022 tanggal 1 November dated 1 November 2022 regarding the fifth
2022 tentang perubahan kelima atas PADG amendment of PADG No.21/22/PADG/2019
No.21/22/PADG/2019 tanggal 28 November dated 28 November 2019 and PBI
2019 dan PBI No.23/17/PBI/2021 tanggal No.23/17/PBI/2021 dated 17 December 2021
17 Desember 2021 tentang perubahan ketiga regarding the third amendment of PBI
atas PBI No.20/4/PBI/2018 tanggal No.20/4/PBI/2018 dated 29 March 2018
29 Maret 2018 tentang Rasio Intermediasi regarding Macroprudential Intermediation
Makroprudensial dan Penyangga Likuiditas Ratio and Macroprudential Liquidity Buffer for
Makroprudensial bagi Bank Umum Conventional Bank which the limit parameter
Konvensional dimana parameter pemenuhan lower RIM are implemented from 1 January
batas bawah RIM diberlakukan sejak tanggal 2022 the RIM limit is less than 84%.
1 Januari 2022 batasan RIM adalah kurang
dari 84%.
Untuk batas atas RIM tetap sebesar 94% dan The upper limit for RIM is fixed at 94% and
PLM sebesar 6%. Pada tanggal PLM at 6%. As of 31 December 2024 and
31 Desember 2024 dan 2023 rasio RIM 2023, the RIM ratio are 88.83% and 67.84%.
adalah sebesar 88,83% dan 67,84%. Bank The Bank has calculated Giro RIM in
telah memperhitungkan Giro RIM sesuai accordance with applicable regulations.
dengan ketentuan yang berlaku.
b. Klasifikasi Berdasarkan Kolektibilitas b. Classification Based on OJK Collectability
OJK
1) Giro Pada Bank Lain 1) Current Accounts with Other Banks
Berdasarkan kolektibilitas, seluruh giro By collectability, all current accounts with
pada bank lain pada tanggal other banks as of 31 December 2024 and
31 Desember 2024 dan 2023 2023 are classified as current.
diklasifikasikan lancar.
182
Page 582
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
45. Informasi Tambahan (lanjutan) 45. Additional Information (continued)
Informasi tambahan berikut merupakan informasi The following additional informations are required
yang dipersyaratkan untuk diungkapkan oleh for disclosure by Financial Service Authorities
Otoritas Jasa Keuangan (OJK) sebagai informasi (OJK), which is in addition to the Indonesian
tambahan atas Standar Akuntansi Keuangan di Accounting Standards: (continued)
Indonesia: (lanjutan)
b. Klasifikasi Berdasarkan Kolektibilitas b. Classification Based on OJK Collectability
OJK (lanjutan) (continued)
2) Penempatan pada Bank Indonesia 2) Placement with Bank Indonesia and
dan Bank Lain other banks
Berdasarkan kolektibilitas, seluruh By collectability, all placements with Bank
penempatan pada Bank Indonesia dan Indonesia and other banks as of
bank lain pada tanggal 31 Desember 31 December 2024 and 2023 are
2024 dan 2023 diklasifikasikan lancar. classified as current.
3) Efek-efek yang Diperdagangkan 3) Trading Securities
Manajemen Bank berkeyakinan bahwa The Bank’s management believes that as
pada tanggal 31 Desember 2024 dan of 31 December 2024 and 2023, all
2023, seluruh efek-efek yang trading securities are classified as current
diperdagangkan digolongkan lancar dan and not impaired.
tidak mengalami penurunan nilai.
4) Investasi Keuangan 4) Financial Investments
Berdasarkan kolektibilitas, seluruh By collectability, all financial investments
investasi keuangan pada tanggal as of 31 December 2024 and 2023 are
31 Desember 2024 dan 2023 classified as current.
diklasifikasikan lancar.
5) Kredit yang Diberikan 5) Loans
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Rupiah Rupiah
Lancar 66.286.914 58.627.954 Current
Dalam perhatian khusus 2.512.770 3.032.269 Special mention
Kurang lancar 286.143 426.836 Sub-standard
Diragukan 444.839 369.609 Doubtful
Macet 1.290.500 1.282.623 Loss
70.821.166 63.739.291
183
Page 583
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
45. Informasi Tambahan (lanjutan) 45. Additional Information (continued)
Informasi tambahan berikut merupakan informasi The following additional informations are required
yang dipersyaratkan untuk diungkapkan oleh for disclosure by Financial Service Authorities
Otoritas Jasa Keuangan (OJK) sebagai informasi (OJK), which is in addition to the Indonesian
tambahan atas Standar Akuntansi Keuangan di Accounting Standards: (continued)
Indonesia: (lanjutan)
b. Klasifikasi Berdasarkan Kolektibilitas b. Classification Based on OJK Collectability
OJK (lanjutan) (continued)
5) Kredit yang Diberikan (lanjutan) 5) Loans (continued)
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Mata uang asing Foreign currencies
Lancar 28.161.183 18.858.159 Current
Dalam perhatian khusus 1.396.099 1.355.197 Special mention
Kurang lancar 8.513 - Sub-standard
Diragukan - - Doubtful
Macet 24.848 69.958 Loss
29.590.643 20.283.314
Total 100.411.809 84.022.605 Total
Cadangan kerugian
penurunan nilai (3.959.553) (4.110.763) Allowance for impairment losses
Neto 96.452.256 79.911.842 Net
Restrukturisasi kredit berdasarkan Restructured loan by collectability as
kolektibilitas adalah sebagai berikut: follows:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Rupiah Rupiah
Lancar` 1.207.017 2.112.766 Current
Dalam perhatian khusus 1.302.644 1.162.410 Special mention
Kurang lancar 66.556 304.895 Sub-standard
Diragukan 283.875 51.825 Doubtful
Macet 684.446 1.035.576 Loss
3.544.538 4.667.472
Mata uang asing Foreign currencies
Lancar 334.112 354.048 Current
Dalam perhatian khusus 1.396.099 1.354.030 Special mention
Kurang lancar 8.513 - Sub-standard
Macet 4.024 65.433 Loss
1.742.748 1.773.511
Total 5.287.286 6.440.983 Total
Cadangan kerugian
penurunan nilai (1.933.488) (2.096.482) Allowance for impairment losses
Neto 3.353.798 4.344.501 Net
184
Page 584
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
45. Informasi Tambahan (lanjutan) 45. Additional Information (continued)
Informasi tambahan berikut merupakan informasi The following additional informations are required
yang dipersyaratkan untuk diungkapkan oleh for disclosure by Financial Service Authorities
Otoritas Jasa Keuangan (OJK) sebagai informasi (OJK), which is in addition to the Indonesian
tambahan atas Standar Akuntansi Keuangan di Accounting Standards: (continued)
Indonesia: (lanjutan)
b. Klasifikasi Berdasarkan Kolektibilitas b. Classification Based on OJK Collectability
OJK (lanjutan) (continued)
5) Kredit yang Diberikan (lanjutan) 5) Loans (continued)
Berikut ini adalah informasi signifikan The other significant information relating
lainnya sehubungan dengan kredit yang to loans are as follows: (continued)
diberikan:
a. Kredit bermasalah (NPL) pada a. Non-Performing Loans (NPL)
tanggal 31 Desember 2024 dan 2023 amounting to Rp2,054,843 and
masing-masing sebesar Rp2.054.843 Rp2,149,026 as of 31 December 2024
dan Rp2.149.026. and 2023, respectively.
Rasio NPL kotor pada tanggal Gross NPL ratio as of 31 December
31 Desember 2024 dan 2023 masing- 2024 and 2023 represents 2.05% and
masing sebesar 2,05% dan 2,58% 2.58% of the total loans, respectively,
dari total kredit yang diberikan, whereas net NPL ratio represents
sedangkan rasio NPL neto masing- 1.11% and 1.39% of the total loans,
masing sebesar 1,11% dan 1,39% respectively. Net NPL ratio is
dari jumlah kredit yang diberikan. calculated in accordance with Bank
Rasio NPL neto dihitung sesuai Indonesia Regulation No.
dengan peraturan Bank Indonesia 15/2/PBI/2013 dated 20 May 2013, that
No. 15/2/PBI/2013 tanggal 20 Mei the maximum net NPL ratio is 5% of the
2013, dimana rasio kredit bermasalah commercial bank’s total loans.
bank umum secara neto adalah
maksimal sebesar 5% dari jumlah
kredit yang diberikan.
b. Rasio kredit usaha kecil terhadap b. The ratio of loans to small businesses to
jumlah kredit yang diberikan adalah the total loans is 0.69% and 0.34% as of
sebesar 0,69% dan 0,34% masing- 31 December 2024 and 2023,
masing pada tanggal 31 Desember respectively.
2024 dan 2023.
c. Pada tanggal 31 Desember 2024 dan c. As of 31 December 2024 and 2023,
2023, Bank telah mematuhi ketentuan the Bank is in compliance with the
Batas Maksimum Pemberian Kredit legal lending limit (BMPK) regulations,
(BMPK), baik terhadap pihak-pihak both for the related and non-related
berelasi maupun kepada pihak yang party borrowers.
tidak berelasi.
185
Page 585
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
45. Informasi Tambahan (lanjutan) 45. Additional Information (continued)
Informasi tambahan berikut merupakan informasi The following additional informations are required
yang dipersyaratkan untuk diungkapkan oleh for disclosure by Financial Service Authorities
Otoritas Jasa Keuangan (OJK) sebagai informasi (OJK), which is in addition to the Indonesian
tambahan atas Standar Akuntansi Keuangan di Accounting Standards: (continued)
Indonesia: (lanjutan)
b. Klasifikasi Berdasarkan Kolektibilitas b. Classification Based on OJK Collectability
OJK (lanjutan) (continued)
6) Tagihan atas Surat Berharga yang 6) Receivables on Securities Purchased
Dibeli dengan Janji Dijual Kembali with Agreements to Resell
Berdasarkan kolektibilitas, seluruh By collectability, all receivables on
tagihan atas surat berharga yang dibeli securities purchased with agreements to
dengan janji dijual kembali pada tanggal resell as of 31 December 2024 and 2023
31 Desember 2024 dan 2023 are classified as current.
diklasifikasikan lancar.
7) Tagihan dan Liabilitas Akseptasi 7) Acceptance Receivables and Payables
Berdasarkan kolektibilitas, seluruh By collectability, all receivables on
tagihan atas surat berharga yang dibeli securities purchased with agreements to
dengan janji dijual kembali pada tanggal resell as of 31 December 2024 and 2023
31 Desember 2024 dan 2023 are classified as current.
diklasifikasikan lancar.
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Rupiah Rupiah
Lancar 274.162 214.522 Current
Mata uang asing Foreign currencies
Lancar 2.148.501 2.293.592 Current
Total 2.422.663 2.508.114 Total
Cadangan kerugian
penurunan nilai (4.782) (9.448) Allowance for impairment losses
Neto 2.417.881 2.498.666 Net
186
Page 586
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
45. Informasi Tambahan (lanjutan) 45. Additional Information (continued)
Informasi tambahan berikut merupakan informasi The following additional informations are required
yang dipersyaratkan untuk diungkapkan oleh for disclosure by Financial Service Authorities
Otoritas Jasa Keuangan (OJK) sebagai informasi (OJK), which is in addition to the Indonesian
tambahan atas Standar Akuntansi Keuangan di Accounting Standards: (continued)
Indonesia: (lanjutan)
c. Posisi Devisa Neto c. Net Open Position
Posisi Devisa Neto (PDN) pada tanggal The Net Open Positions (NOP) as of
31 Desember 2024 dan 2023 adalah sebagai 31 Desember 2024 dan 2023 are as follows:
berikut:
31 Desember/31 December 2024
Mata uang asing
(nilai penuh)/
Foreign currencies Ekuivalen rupiah/
(full amount) Rupiah equivalent
Posisi Devisa
Neto/
Aset/ Liabilitas/ Aset/ Liabilitas/ Net Open
Assets Liabilities Assets Liabilities Position
Keseluruhan (laporan Aggregate (statement of
posisi keuangan dan financial position and
rekening administratif) and administrative accounts)
Yen Jepang 24.260.533.527 24.217.550.197 2.499.562 2.495.134 4.428 Japanese Yen
Dolar Amerika Serikat 9.340.656.877 9.397.027.204 150.337.872 151.245.152 907.280 United States Dollar
Krona Swedia 94.335.683 93.349.215 138.037 136.595 1.442 Swedish Krona
Dolar Singapura 422.618.786 424.453.937 5.005.740 5.027.477 21.737 Singapore Dollar
Yuan Cina (CNH) 4.596.091.726 4.595.827.477 10.104.507 10.103.927 580 (CNH) Chinese Yuan
Dolar Australia 81.260.844 81.427.870 813.706 815.378 1.672 Australian Dollar
Euro Eropa 68.961.819 68.825.554 1.155.669 1.153.387 2.282 European Euro
Yuan Cina (CNY) 70.705.370 69.937.291 155.904 154.211 1.693 (CNY) Chinese Yuan
Dolar Hong Kong 5.631.080 5.395.204 11.674 11.185 489 Hong Kong Dollar
Pound Sterling Inggris 3.921.148 3.899.674 79.280 78.845 435 Great Britain Pound Sterling
Dolar Selandia Baru 6.374.937 6.397.692 57.808 58.014 206 New Zealand Dollar
Dolar Kanada 3.339.478 3.265.035 37.407 36.574 833 Canadian Dollar
Franc Swiss 4.148.533 4.142.963 73.907 73.807 100 Swiss Franc
Baht Thailand 301.608 - 142 - 142 Thailand Baht
Ringgit Malaysia 20.435 - 74 - 74 Malaysian Ringgit
Total 38.958.901.851 38.971.499.313 170.471.289 171.389.686 943.393 Total
Total modal Desember 2024 17.491.372 Total capital December 2024
Rasio PDN atas modal Percentage of NOP to
Desember 2024 (keseluruhan) 5,39% December 2024 capital (aggregate)
Total modal November 2024 Total capital November 2024
(tidak diaudit) 17,594,380 (unaudited)
Rasio PDN atas modal Percentage of NOP to
November 2024 (keseluruhan) November 2024 capital
(tidak diaudit) 5,36% (aggregate) (unaudited)
31 Desember/31 December 2023
Mata uang asing
(nilai penuh)/
Foreign currencies Ekuivalen rupiah/
(full amount) Rupiah equivalent
Posisi Devisa
Neto/
Aset/ Liabilitas/ Aset/ Liabilitas/ Net Open
Assets Liabilities Assets Liabilities Position
Keseluruhan (laporan Aggregate (statement of
posisi keuangan dan financial position and
rekening administratif) and administrative accounts)
Yen Jepang 5.814.528.500 5.816.409.768 633.057 633.262 205 Japanese Yen
Dolar Amerika Serikat 7.108.925.088 7.151.468.751 109.456.120 110.111.164 655.044 United States Dollar
Krona Swedia 67.321.896 66.067.527 103.780 101.846 1.934 Swedish Krona
Dolar Singapura 496.971.950 498.224.217 5.802.814 5.817.435 14.621 Singapore Dollar
Yuan Cina (CNH) 322.815.657 328.618.198 700.349 712.937 12.588 (CNH) Chinese Yuan
Dolar Australia 113.610.593 113.734.132 1.195.271 1.196.572 1.301 Australian Dollar
Euro Eropa 102.842.159 103.060.711 1.752.258 1.755.981 3.723 European Euro
187
Page 587
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
45. Informasi Tambahan (lanjutan) 45. Additional Information (continued)
Informasi tambahan berikut merupakan informasi The following additional informations are required
yang dipersyaratkan untuk diungkapkan oleh for disclosure by Financial Service Authorities
Otoritas Jasa Keuangan (OJK) sebagai informasi (OJK), which is in addition to the Indonesian
tambahan atas Standar Akuntansi Keuangan di Accounting Standards: (continued)
Indonesia: (lanjutan)
c. Posisi Devisa Neto (lanjutan) c. Net Open Position (continued)
Posisi Devisa Neto (PDN) pada tanggal The Net Open Positions (NOP) as of
31 Desember 2024 dan 2023 adalah sebagai 31 Desember 2024 dan 2023 are as follows:
berikut: (lanjutan) (continued)
31 Desember/31 December 2023
Mata uang asing
(nilai penuh)/
Foreign currencies Ekuivalen rupiah/
(full amount) Rupiah equivalent
Posisi Devisa
Neto/
Aset/ Liabilitas/ Aset/ Liabilitas/ Net Open
Assets Liabilities Assets Liabilities Position
Keseluruhan (laporan Aggregate (statement of
posisi keuangan dan financial position and
rekening administratif) and administrative accounts)
Yuan Cina (CNY) 31.785.061 31.260.682 68.975 67.838 1.137 (CNY) Chinese Yuan
Dolar Hong Kong 6.031.731 5.941.000 11.887 11.708 179 Hong Kong Dollar
Pound Sterling Inggris 10.938.372 9.916.873 214.683 194.634 20.049 Great Britain Pound Sterling
Dolar Selandia Baru 5.595.263 5.577.126 54.642 54.463 179 New Zealand Dollar
Dolar Kanada 5.826.771 5.799.196 67.763 67.442 321 Canadian Dollar
Franc Swiss 227.343 172.925 4.160 3.164 996 Swiss Franc
Baht Thailand 319.100 - 144 - 144 Thailand Baht
Ringgit Malaysia 21.497 - 72 - 72 Malaysian Ringgit
Total 14.087.760.981 14.136.251.106 120.065.975 120.728.446 712.493 Total
Total modal Desember 2023 17.117.971 Total capital December 2023
Rasio PDN atas modal Percentage of NOP to
Desember 2023 (keseluruhan) 4,16% December 2023 capital (aggregate)
Total modal November 2023 Total capital November 2023
(tidak diaudit) 17.124.686 (unaudited)
Rasio PDN atas modal Percentage of NOP to
November 2023 (keseluruhan) November 2023 capital
(tidak diaudit) 4,16% (aggregate) (unaudited)
Sesuai dengan PBI No. 17/5/PBI/2015 In accordance with PBI No. 17/5/PBI/2015
tanggal 29 Mei 2015 tentang perubahan dated 29 May 2015 regarding the fourth
keempat atas PBI No. 5/13/PBI/2003 tanggal amendment of PBI No. 5/13/PBI/2003 dated
17 Juli 2003 tentang Posisi Devisa Neto, 17 July 2003 regarding Net Open Position,
bank diwajibkan untuk memelihara PDN banks are required to maintain overall NOP at
secara keseluruhan setinggi-tingginya a maximum of 20% of capital.
adalah sebesar 20% dari modal.
PDN secara keseluruhan merupakan jumlah Overall NOP is the absolute amount of the
absolut dari selisih antara aset dan liabilitas difference between assets and liabilities
dalam mata uang asing yang disajikan dalam denominated in foreign currencies which is
Rupiah ditambah dengan selisih bersih dari presented in Rupiah plus the net difference
tagihan dan liabilitas komitmen dan from claims and liabilities on commitments and
kontinjensi yang dicatat dalam rekening contingencies recorded in administrative
administratif untuk setiap mata uang asing accounts for each foreign currency which is
yang disajikan dalam Rupiah. presented in Rupiah.
PDN Bank pada tanggal 31 Desember 2024 The NOP of the Bank as of 31 December 2024
dan 2023 telah memenuhi ketentuan BI. and 2023 are in compliance with BI
regulations.
188
Page 588
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
45. Informasi Tambahan (lanjutan) 45. Additional Information (continued)
Informasi tambahan berikut merupakan informasi The following additional informations are required
yang dipersyaratkan untuk diungkapkan oleh for disclosure by Financial Service Authorities
Otoritas Jasa Keuangan (OJK) sebagai informasi (OJK), which is in addition to the Indonesian
tambahan atas Standar Akuntansi Keuangan di Accounting Standards: (continued)
Indonesia: (lanjutan)
d. Rasio Kewajiban Penyediaan Modal d. Minimum Required Capital Adequacy
Minimum (KPMM) (CAR)
Pada tanggal 31 Desember 2024 dan 2023 As of 31 December 2024 and 2023, the
rasio Kewajiban Penyediaan Modal Minimum Bank’s Capital Adequacy Ratio (CAR) is
(KPMM) Bank dihitung berdasarkan POJK computed in accordance with POJK No. 27
No. 27 tahun 2022 tanggal 26 Desember year 2022 dated 26 December 2022 in
2022 tentang Perubahan Kedua atas POJK accordance with Second Ammendment of
No. 11/POJK.03/2016 tentang Kewajiban POJK No. 11/POJK.03/2016 regarding
Penyediaan Modal Minimum dengan Minimum Capital Requirement with calculation
perhitungan sebagai berikut: as follows:
31 Desember/ 31 Desember/
31 December 2024 31 December 2023
Modal inti 16.000.044 15.639.914 Core capital
Modal pelengkap 1.491.328 1.478.057 Supplementary capital
Total modal 17.491.372 17.117.971 Total capital
Aset Tertimbang Menurut
Risiko Kredit 95.081.237 80.840.210 Credit Risk Weighted Assets
Aset Tertimbang Menurut
Risiko Pasar 3.195.173 4.875.344 Market Risk Weighted Assets
Aset Tertimbang Menurut
Risiko Operasional 7.641.321 7.747.054 Operational Risk Weighted Assets
Rasio CET1 15,11% 16,73% CET1 ratio
Rasio Tier 1 15,11% 16,73% Tier 1 ratio
Rasio Tier 2 1,41% 1,58% Tier 2 ratio
Rasio total 16,51% 18,32% Total ratio
Rasio KPMM yang diwajibkan Required Capital Adequacy Ratio
sesuai dengan profil risiko 9,00% 9,00% in accordance with risk profile
Capital conservation buffer 2,50% 2,50% Capital conservation buffer
Countercyclical buffer 0,00% 0,00% Countercyclical buffer
Capital surcharge
untuk Bank Sistemik 1,00% 0,00% Capital surcharge for D-SIB
Persentase buffer yang wajib Buffer which must be fulfilled
dipenuhi oleh Bank 3,50% 2,50% by the Bank
CET1 untuk buffer 7,51% 9,32% CET1 for buffer
Bank juga diwajibkan untuk membentuk The Bank also required to establish additional
tambahan modal sebagai penyangga dengan capital as a buffer with explanation as follows:
penjelasan sebagai berikut:
a. Capital Conservation Buffer adalah a. Capital Conservation Buffer is additional
tambahan modal yang berfungsi sebagai capital which serves as a buffer in the
penyangga apabila terjadi kerugian pada event of a loss in the period of crisis;
periode krisis;
189
Page 589
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 As of 31 December 2024
dan untuk Tahun yang Berakhir and For the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
45. Informasi Tambahan (lanjutan) 45. Additional Information (continued)
Informasi tambahan berikut merupakan informasi The following additional informations are required
yang dipersyaratkan untuk diungkapkan oleh for disclosure by Financial Service Authorities
Otoritas Jasa Keuangan (OJK) sebagai informasi (OJK), which is in addition to the Indonesian
tambahan atas Standar Akuntansi Keuangan di Accounting Standards: (continued)
Indonesia: (lanjutan)
d. Rasio Kewajiban Penyediaan Modal d. Minimum Required Capital Adequacy
Minimum (KPMM) (lanjutan) (CAR) (continued)
Bank juga diwajibkan untuk membentuk The Bank also required to establish additional
tambahan modal sebagai penyangga dengan capital as a buffer with explanation as follows:
penjelasan sebagai berikut: (lanjutan) (continued)
b. Countercyclical Buffer adalah tambahan b. Countercyclical Buffer is an additional
modal yang berfungsi untuk capital which serves to anticipate losses in
mengantisipasi kerugian apabila terjadi the event of excessive credit growth and
pertumbuhan kredit perbankan yang thus, potentially disrupt the stability of the
berlebihan sehingga berpotensi financial system;
mengganggu stabilitas sistem
keuangan;
c. Capital Surcharge untuk Domestic c. Capital Surcharge for Domestic
Systemically Important Bank (D-SIB) Systemically Important Banks (D-SIB) is
adalah tambahan modal yang berfungsi additional capital which serves to reduce
untuk mengurangi dampak negatif the negative impact on the stability of the
terhadap stabilitas sistem keuangan dan financial system and economy in the
perekonomian apabila terjadi kegagalan event of the Bank’s failure which has a
Bank yang berdampak sistemik melalui systemic effect through an increase in the
peningkatan kemampuan Bank dalam Bank's ability to absorb losses.
menyerap kerugian.
Pemenuhan modal sebagai penyangga Fulfillment of capital as a buffer should be met
harus dipenuhi dengan menggunakan by using components of Common Equity
komponen Modal Inti Utama (Common Tier 1.
Equity Tier 1).
e. Penitipan Harta e. Custodianship
Bank juga memberikan jasa penitipan harta. The Bank engages in the provision of custodial
Pada tanggal 6 Juli 2010, Bank telah services. On 6 July 2010, the Bank has
memperoleh Surat Keputusan Badan obtained a Decree of the Capital Market and
Pengawas Pasar Modal dan Lembaga Financial Institutions Supervisory Agency No.
Keuangan No. KEP-287/BL/2010 tentang KEP-287/BL/2010 about The Stipulation of
Penetapan Penggunaan Persetujuan Use of Approval of Commercial Bank as
Bank Umum Sebagai Kustodian atas nama Custodian on behalf of PT Bank UOB
PT Bank UOB Indonesia. Indonesia.
46. Penyelesaian Laporan Keuangan 46. Completion of the Financial Statements
Manajemen bertanggung jawab atas penyajian The management is responsible for the preparation
laporan keuangan yang telah diselesaikan dan of financial statements which were completed and
diotorisasi untuk terbit oleh Direksi Bank pada authorized for issuance by the Bank’s Board of
tanggal 26 Februari 2025. Directors on 26 February 2025.
190
Page 590
PT Bank UOB Indonesia Head Office UOB Plaza Jl. M.H. Thamrin No. 10 Jakarta 10230 Tel. (62) 21 2350 6000 Fax. (62) 21 2993 6632 Facebook: UOB Indonesia Instagram: uob.id YouTube: UOB Indonesia www.uob.co.id
Names mentioned 155 people and organisations named in the text · linked when the evidence is strong
unresolved
org
PT Bank UOB Indonesia Building
p.1
unresolved
org
Financial Services Authority
p.2 ×4
unresolved
org
System Overseas Bank Limited
p.4
unresolved
org
Bank Indonesia
p.10 ×16
unresolved
org
Indonesia Stock Exchange
p.13 ×2
unresolved
person
Teguh Arifiyadi
p.14
unresolved
org
Ministry of Communications
p.14
unresolved
org
UOB Indonesia. Limited
p.17
unresolved
person
Emil Dardak
p.18
unresolved
org
Kementerian Dalam Negeri Republik Indonesia. UOB Indonesia and Singapore Chinese Chamber of Commerce
p.20
unresolved
org
Ministry of Investment
p.20
unresolved
org
PT Putragaya Wahana UOB
p.21
unresolved
org
PT Putragaya Wahana
p.21
unresolved
org
Ministry of Trade
p.21
unresolved
person
VJH Boentaran Lesmana. Indonesia’s
· Komisaris Independen
p.34 ×9
unresolved
org
PT Bank UOB Indonesia Board’s
p.34
unresolved
—
Chi
· Director
p.37
unresolved
org
PT Bank UOB Indonesia Commercial Name UOB Indonesia
p.44
unresolved
person
Eliza Pondaag S.H.
· Notaris
p.44
unresolved
org
Minister of Justice
p.44
unresolved
org
Minister of Law and Human Rights
p.44
unresolved
org
UOB International Investment Private Limited
p.44
unresolved
org
Yayasan Kesejahteraan Nusantara
p.44 ×2
unresolved
org
PT Bank Buana Indonesia. In
p.46
unresolved
org
PT Bank Buana Indonesia
p.47 ×4
unresolved
org
Bank UOB Buana Tbk
p.47 ×6
unresolved
org
Private Limited
p.48 ×2
unresolved
org
PT Bank Pembinaan
p.48
unresolved
org
PT Sari Desa Karsa.
p.48
unresolved
org
PT Bank UOB Indonesia. Nasional
p.48
unresolved
org
Bank UOB Indonesia Phase I Year
p.48
unresolved
org
PT Sompo
p.49
unresolved
org
PT Prudential Life Assurance
p.49
unresolved
org
Minister of Finance
p.49
unresolved
org
Bank Indonesia Certificates
p.52
unresolved
org
Bank Draft
p.55
unresolved
person
Deputy
· President Commissioner
p.58 ×3
unresolved
org
Joined United Overseas Bank Limited
p.58
unresolved
org
PT Sumber Abadi Tirtasentosa
p.59
unresolved
org
PT Bhakti Securities
p.59
unresolved
org
PT Sucorinvest Asset Having
p.60
unresolved
person
Drs. Hadi Sutanto
p.60
unresolved
org
PT Jayatama Prima Distribusi
p.60
unresolved
org
PT Gulf Mangan Grup
p.60
unresolved
org
PT Sucor Sekuritas
p.60
unresolved
org
PT Sucorinvest Central Gani
p.60
unresolved
org
Asia Kapitalindo Securities Tbk
p.60 ×2
unresolved
org
PT Asia Kapitalindo Finance
p.60
unresolved
org
PT Danamon GT Management
p.60
unresolved
org
PT Jakarta Assetama Management
p.60
unresolved
org
PT Danamon Securities
p.60
unresolved
org
PT Chase Leasing Indonesia
p.60
unresolved
org
Overseas Union Bank Limited Ltd
p.62
unresolved
org
Schroders Investment Management Pte Ltd
p.62
unresolved
org
PT Schroders Investment
p.62
unresolved
org
Trimegah Securities Tbk
p.63 ×2
unresolved
org
Bank Singapore
p.63
unresolved
org
PT Bank Niaga
p.63
unresolved
org
PT Bank ANZ Indonesia
p.64
unresolved
org
America Corporation
p.64
unresolved
org
PT GE Finance Indonesia
p.64
unresolved
person
Consumer Banking
· Director
p.65
unresolved
org
PT Bank BII Commonwealth
p.65
unresolved
org
Ministry of Law and Human Rights
p.66
unresolved
org
Up Capital
p.70
unresolved
org
Singapore United Overseas Bank Limited
p.70
unresolved
org
United Overseas Bank Limited, Singapore
p.70
unresolved
org
Limited, Singapore
p.70
unresolved
org
Foreign United Overseas Bank Limited
p.70
unresolved
org
Singapore Pte Ltd.
p.72
unresolved
—
HSBC (Singapore
p.72
unresolved
org
Nominees Pte Ltd
p.72
unresolved
org
Investment Private Limited
p.72
unresolved
org
PT Bank UOB Indonesia Other Shareholders
p.72
unresolved
org
Bank UOB Indonesia Senior Debt Shelf
p.73 ×2
unresolved
org
Bank UOB Indonesia Subordinate Debt
p.73 ×2
unresolved
org
PT Raya Saham Registra
p.74
unresolved
org
Kantor Notaris Aulia Taufani S.
p.74
unresolved
org
PT Fitch Ratings Indonesia
p.74
unresolved
org
Bank Awards
p.75 ×2
unresolved
org
PT Drager Medical
p.75
unresolved
org
PT Paywatch Solution Transformation Awards
p.75
unresolved
org
Bank ATM Awards
p.75
unresolved
person
H. Thamrin
p.76 ×4
unresolved
person
K.H. Wahid Hasyim
p.76 ×2
unresolved
person
Ir. H. Juanda
p.76 ×2
unresolved
person
Dr. Wahidin
p.79
unresolved
org
Bank Indonesia’s
p.89
unresolved
org
Bank Indonesia’s BI-FAST
p.109
unresolved
org
Ministry of Finance
p.109
unresolved
org
PT Bank UOB Indonesia Opini
p.386
unresolved
org
PT BANK UOB INDONESIA CATATAN ATAS
p.413 ×11
unresolved
org
Bapepam
p.415 ×8
unresolved
org
Derivative United Overseas Bank Ltd.
p.535
unresolved
org
Liabilitas United Overseas Bank Ltd.
p.535
unresolved
org
PT Bank UOB
p.589
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