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annual
report
2024
Fostering
Excellent Behavior
PT Bank BTPN Syariah Tbk
Page 2
PT Bank BTPN Syariah Tbk 2
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DISCLAIMER AND
LIMITATION OF LIABILITY
In the case of different interpretations and/or information presented in foreign
language from the ones presented in Indonesian, the referred information is the one
presented in Indonesian.
For updated information, please contact us at Menara SMBC
12th Fl. CBD Mega Kuningan, Jl. Dr. Ide Anak Agung Gde Agung Kav. 5.5-5.6, South
Jakarta 12950, Indonesia. Phone (+62 21) 300 26400 or
E-mail: InvestorRelation@btpnsyariah.com
We are committed to openly communicate with each stakeholder. All stakeholders
are welcome to visit our website at www.btpnsyariah.com for further information
on BTPN Syariah. The online version of this document is available at
www.btpnsyariah.com
PT Bank BTPN Syariah Tbk
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Every challenge is an opportunity for us to grow into the best Sharia bank for
inclusive finance, transforming the lives of millions of Indonesians. In 2024,
BTPN Syariah is responding to challenges by strengthening its commitment
to fostering excellent behaviors within the inclusive community. To reinforce
PT Bank BTPN Syariah Tbk
this commitment, the Bank seeks support and collaboration from all
stakeholders to work together in developing superior behaviors for the
inclusive community, striving to create a more meaningful life.
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annual report 2024 | performance highlights
PT Bank BTPN Syariah Tbk
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financing
customers
Consistently practicing the four exemplary behaviors (BDKS)
Courage, Discipline, Hard Work, and Mutual Assistance is key
to our ability to endure any situation. With guidance from
#bankirpemberdaya as service-oriented role models, we learn to
face challenges and build solidarity. It is a journey toward creating
a more meaningful life.
PT Bank BTPN Syariah Tbk
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annual report 2024 | performance highlights
PT Bank BTPN Syariah Tbk
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#bankirpemberdaya
Our identity as unique bankers, known as #bankirpemberdaya,
is rooted in upholding the values of Professionalism, Integrity,
Respect, and Collaboration (PRISMA). We are committed to
being role models in fostering excellent behavior, inspiring others,
and bringing meaning to our service for inclusive communities, all
in pursuit of a more meaningful life.
PT Bank BTPN Syariah Tbk
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annual report 2024 | performance highlights
PT Bank BTPN Syariah Tbk
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funding
customers
We believe, that the funds we collect which are fully distributed
to inclusive communities, have contributed to fostering excellent
behavior and have had a direct impact on the empowerment.
This reflects our commitment to taking the right steps together
in empowering society.
PT Bank BTPN Syariah Tbk
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annual report 2024 | performance highlights
PT Bank BTPN Syariah Tbk
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community
figures/local officials
The presence of BTPN Syariah has made a real impact in
fostering excellent behavior within inclusive communities. The
mentoring programs not only provide grant financial access but
also instill key values Courage, Discipline, Hard Work, and Mutual
Assistance (BDKS) as essential principles for overcoming any
situation. We will continue to support synergy between the bank,
the community, and the government to create an even greater
impact in building a more meaningful life.
PT Bank BTPN Syariah Tbk
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PT Bank BTPN Syariah Tbk
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financial
performance
Ensuring the implementation of excellent behavior to maintain solid and sustainable
financial performance.
IDR
10.17 T IDR
11.72 T
total total third
financing party funds
IDR
21.75 T IDR
9.31 T
total assets total equity
53.16 %
12.63 %
PT Bank BTPN Syariah Tbk
capital adequacy ratio return of equity
(CAR) (ROE)
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annual report 2024 | performance highlights
social
performance
Fostering healthy business growth to ensure the sustainability of positive and measurable
social impacts for customers.
adequate quality flooring child education
materials improvements improvements
The number of families with adequate The number of children (6-18 years)
quality flooring materials have increased attending school have increased
cycle 1 90.0 % cycle 1 85.6 %
cycle 3 92.2 % cycle 3 90.3 %
cycle 5 95.1 % cycle 5 92.9 %
toilet condition household carbon
improvements emission improvements
The number of families with toilets and The number of families switching from
decent sanitation system have increased using firewood have increased
cycle 1 85.4 % cycle 1 91.6 %
PT Bank BTPN Syariah Tbk
cycle 3 91.6 % cycle 3 95.9 %
cycle 5 93.6 % cycle 5 98.9 %
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table of content
share ownership of the Board of
Bab 1 performance highlights Commissioners, Board of Directors, Sharia
Supervisory Board, and Management
115
financial highlights 20
chronology of share listing 117
shares overview 24
information on listing other securities 125
information on temporary suspension of
25 name and address of capital market
stock trading
supporting institutions and/or 126
list of BTPN Syariah share performance professionals
26
indexes on the indonesian stock exchange
site information company website and
127
Corporate Actions 2024 30 social media
significant events 32 commitment to sustainable development
129
goals
achievements and awards 34
Bab 4 management discussion
Bab 2 management report and analysis
Board of Commissioners report 39
economic and banking industry overview 132
Board of Directors report 45
global economy 134
Sharia Supervisory Board report 53
national economic resilience 135
statement letter of the Board of
banking industry overview 135
Commissioners and the Board of Directors
concerning the responsibility for 2024 56 sharia banking industry overview 136
Annual Report of PT BANK BTPN Syariah
performance by business segment review 138
Tbk
financing 140
Bab 3 company profile funding 141
general information 60 business development 142
about BTPN Syariah 66 social impact 143
subsidieris company 68 financial performance review 146
vision, mission, and corporate values of comprehensive financial performance 149
70
BTPN Syariah
marketing aspect 158
product and service 72
marketing strategy 160
milestones 74
market share 160
organization structure 76
business support review 162
list of association memberships 78
Board of Commissioners profile 80 human capital 162
Board of Directors profile 86 operations 165
Sharia Supervisory Board profile 94 information technology 166
Board of Directors' committees profile 98 risk management 168
board of management 100 parent company support 240
executive management profile 104
employee data 108
Bab 5 good corporate governance
share composition and ownership 110 GCG report 244
PT Bank BTPN Syariah Tbk
GCG basic principles and guidelines 250
structure of ownership 111
GCG structure and mechanism 252
information related to the untimete
112
controlling shareholder governance implementation 2024 254
GCG implementation assessment 274
20 largest shareholders composition 113
implementation of the public company
277
composition of shareholders and governance guidelines
114
percentage of ownership classification
general meeting of shareholders 284
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Board of Commissioners 308 gift giving and receiving policy 490
Board of Directors 341 anti fraud management 491
Sharia Supervisory Board 376 insider trading policy 493
remuneration policy for the Board of share buyback 493
Commissioners, Sharia Supervisory Board, 394
and Board of Directors provision of funds to related parties and
493
large exposure
policy on disclosure of share ownership
information for the Board of Directors, transparency of the bank's financial and
400 non-financial conditions which have not 494
Board of Commissioners, and Sharia
Supervisory Board and its implementation been disclosed in other reports
Board of Commissioners organs and consumer complain service unit 492
401
committees
company website access 497
audit committee 401
nomination and remuneration committee 401
Bab 6 social and environmental
risk monitoring committee 416 responsibility
corporate governance committee 421 social and environmental responsibilities 500
Board of Directors organs and committees 429
risk management committee 429
Bab 7 company data
asset and liability management office network 504
431
committee (ALCO)
information technology steering
433 laporan keuangan
committee
Reference to SEOJK No.16 SEOJK.04/2021
human capital committee 435
Regarding the form and content of
638
business committee 436 the annual report of issuers or public
companies
financing policy committee 438 Reference to POJK No.2 of 2024 regarding
the implementation of Sharia governance 650
information security management system for Sharia commercial banks
440
committee
corporate secretary 443
investor relations 460
internal audit unit 462
external audit 470
internal control system 473
risk management system 474
compliance report 475
conflicts of interest and affiliated
480
transactions
anti-money laundering, counter-terrorism
financing, and prevention of financing
481
for the proliferation of weapons of mass
destruction (APU, PPT & PPPSPM)
provision of funds for social activities and
482
PT Bank BTPN Syariah Tbk
income from halal and non-halal funds
legal cases with material impact 484
administrative sanctions 484
code of ethics 485
employee and/or management share
487
ownership program
whistleblowing system 488
anti-bribery and anti-corruption policy 490
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01
performance
highlight
Throughout 2024, BTPN Syariah’s strategic
initiatives have effectively maintained financing
quality amid the ongoing economic challenges
faced by the ultra-micro segment.
Efforts to rebuild excellent behavior, strengthen
solidarity, and enhance collective responsibility
in group financing have contributed to the
Bank’s business stability. A total of IDR 10.17
trillion in finance has been selectively disbursed.
The Bank’s assets increased to IDR 21.7 trillion,
with a maintained net profit of IDR 1.1 trillion.
PT Bank BTPN Syariah Tbk
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annual report 2024 | performance highlights
PT Bank BTPN Syariah Tbk
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financial
highlights
in millions of Rupiah, except basic earnings per share
2024 2023 2022 2021 2020
Audited Audited Audited Audited Audited
Balance Sheet
Total Assets 21.747.580 21.435.366 21.161.976 18.543.856 16.435.005
Earning Assets 20.325.619 20.304.224 19.422.089 17.075.443 14.954.676
Murabaha Receivables 9.641.128 11.367.662 11.463.672 10.433.091 9.514.196
Total Liabilities 2.831.634 2.737.413 2.910.720 2.543.053 2.632.890
Total Temporary Syirkah Funds 9.599.352 9.920.820 9.843.261 8.905.903 7.923.366
Total Equity 9.316.594 8.777.133 8.407.995 7.094.900 5.878.749
Profit and Loss
Sharia Activity Income 5.398.377 5.746.182 5.373.790 4.673.842 4.037.474
Temporary Syirkah Fund Profit
(504.104) (486.433) (344.440) (394.632) (497.511)
Sharing Expenses
Other Operating Income 43.725 60.949 65.646 22.332 21.893
Other Operational Expenses (2.227.577) (2.043.512) (1.869.492) (1.693.292) (1.592.032)
Allowance for Impairment Losses
(CKPN) Costs for Productive and Non- (1.359.766) (1.898.117) (945.052) (728.220) (850.184)
Productive Assets
Net Operating Income 1.350.655 1.379.069 2.280.452 1.880.030 1.119.640
Profit Before Income Tax 1.353.196 1.379.894 2.282.394 1.877.473 1.124.296
Tax Expense (292.036) (299.306) (502.814) (412.468) (269.682)
Net Profit for the Year 1.061.160 1.080.588 1.779.580 1.465.005 854.614
Other Comprehensive Profit/(Loss) 17.480 (550) 4.570 4.277 (9.216)
Total Comprehensive Profit for the Year
PT Bank BTPN Syariah Tbk
1.078.640 1.080.038 1.784.150 1.469.282 845.398
(after tax)
Net Profit per Share (full amount) 138 140 231 190 111
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annual report 2024 | performance highlights
2024 2023 2022 2021 2020
Audited Audited Audited Audited Audited
Financial Ratio
Capital
Capital Adequacy Ratio (CAR) 53.16% 51.60% 53.66% 58.27% 49.44%
Earning Assets
Non-Performing Earning Assets and
Non-Earning Assets Against Total 1.88% 1.65% 1.57% 1.45% 1.22%
Earning Assets and Non-Earning Assets
Non-Performing Earning Assets Against
1.88% 1.65% 1.57% 1.45% 1.22%
Total Earning Assets
Provision for Allowance for Impairment
4.55% 5.98% 3.96% 4.09% 5.68%
Losses on Earning Assets
Provision for Allowance for Impairment
242.31% 362.89% 251.84% 282.8% 466.53%
Losses/NPF
NPF Gross 3.75% 2.94% 2.65% 2.37% 1.91%
NPF Nett 0.03% 0.29% 0.34% 0.18% 0.02%
PT Bank BTPN Syariah Tbk
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2024 2023 2022 2021 2020
Audited Audited Audited Audited Audited
Profitability
Return on Assets (RoA) 6.33% 6.34% 11.43% 10.72% 7.16%
Return on Equity (RoE) 12.63% 13.22% 24.21% 23.67% 16.08%
Cost to Income Ratio 45.48% 38.38% 36.71% 39.35% 44.68%
Operational Costs to Operating
75.37% 76.24% 58.12% 59.97% 74.42%
Income (BOPO)
Profit Sharing Financing to Total
5.22% 0.17% 0.52% 0.10% 0.09%
Financing
Profit (Loss) to Total Assets Ratio 4.88% 5.04% 8.41% 7.90% 5.20%
Profit (Loss) to Equity Ratio 11.39% 12.31% 21.17% 20.65% 14.54%
Profit (Loss) to Revenue Ratio 19.50% 18.61% 32.72% 31.20% 21.05%
Liabilities to Equity Ratio 30.39% 31.19% 34.62% 35.84% 44.79%
Liabilities to Total Assets Ratio 13.02% 12.77% 13.75% 13.71% 16.02%
Liquidity
Financing to Deposit Ratio (FDR) 86.76% 93.78% 95.68% 95.17% 97.37%
PT Bank BTPN Syariah Tbk
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annual report 2024 | performance highlights
2024 2023 2022 2021 2020
Audited Audited Audited Audited Audited
Compliance
Percentage of LLL Violations 0.00% 0.00% 0.00% 0.00% 0.00%
a. Related Parties 0.00% 0.00% 0.00% 0.00% 0.00%
b. Unrelated Parties 0.00% 0.00% 0.00% 0.00% 0.00%
Percentage of LLL Exceeded 0.00% 0.00% 0.00% 0.00% 0.00%
a. Related Parties 0.00% 0.00% 0.00% 0.00% 0.00%
b. Unrelated Parties 0.00% 0.00% 0.00% 0.00% 0.00%
GWM Rupiah 5.86% 5.54% 5.77% 3.80% 3.80%
GWM Foreign Exchange 0.00% 0.00% 0.00% 0.00% 0.00%
Overall Net Open Position (NOP) 0.00% 0.00% 0.00% 0.00% 0.00%
PT Bank BTPN Syariah Tbk
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share overview
BTPN Syariah
initial public offering
PT Bank BTPN Syariah Tbk (“BTPN Syariah” or the “Bank”) conducted an Initial Public Offering (IPO) in
accordance with the Resolution of the Extraordinary General Meeting of Shareholders on November 16,
2017, as stated in the Deed of Shareholders’ Meeting Resolution.
share performance
3,000
2,500
2,000
1,500
1,000
500
_
January February March April May June
Trading Volume 2023 Trading Volume 2024
Highest Lowest Closing
(IDR) (IDR) (IDR)
Period
2023 2024 2023 2024 2023 2024
January 2,890 1,775 2,450 1,580 2,560 1,590
February 2,660 1,665 2,290 1,325 2,340 1,375
March 2,390 1,440 2,000 1,210 2,190 1,355
April 2,340 1,305 2,090 1,020 2,140 1,215
May 2,160 1,290 1,885 1,080 1,900 1,165
June 2,200 1,175 1,855 1,000 2,070 1,145
July 2,350 1,245 2,060 1,100 2,130 1,140
August 2,260 1,330 2,050 1,100 2,160 1,265
PT Bank BTPN Syariah Tbk
September 2,230 1,430 1,860 1,210 1,905 1,215
October 1,925 1,260 1,550 1,050 1,575 1,065
November 1,825 1,070 1,575 900 1,655 910
December 1,720 975 1,565 875 1,690 925
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annual report 2024 | performance highlights
Amendment to the Articles of Association of PT Bank Tabungan Pensiunan Nasional Syariah (now
PT Bank BTPN Syariah Tbk) No. 57 dated November 16, 2017. In this corporate action, a total of
770,370,000 shares were offered to the public with a nominal value of IDR 100 (full amount) per share.
The IPO price was IDR 975 per share. These shares were listed on the main board of the Indonesia
Stock Exchange and began trading on May 8, 2018, under the stock code BTPS.
70,000,000
60,000,000
50,000,000
40,000,000
30,000,000
20,000,000
10,000,000
_
July August September October November December
Trading Volume 2023 Trading Volume 2024
Volume Market Capitalization
(shares) (in million rupiah)
Period
2023 2024 2023 2024
January 4,174,600 3,654,200 19,721,472 12,248,883
February 27,274,100 65,403,100 18,026,658 10,592,588
March 7,553,300 20,536,200 16,871,103 10,438,514
April 12,782,300 34,391,900 16,485,918 9,359,996
May 16,611,000 13,294,400 14,637,030 8,974,811
June 37,796,500 7,223,600 15,946,659 8,820,737
July 17,648,500 5,806,600 16,408,881 8,782,218
August 7,543,200 9,009,400 16,639,992 9,745,181
PT Bank BTPN Syariah Tbk
September 7,677,700 21,195,500 14,675,549 9,359,996
October 9,025,400 11,520,100 12,133,328 8,204,441
November 12,649,900 11,727,000 12,749,624 7,010,367
December 6,869,200 4,938,300 13,019,253 7,125,923
information on temporary suspension of stock trading
Throughout 2024, there were no suspensions or temporary halts in the trading of the Bank’s shares by
the Indonesia Stock Exchange.
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list of BTPN Syariah share performance
indexes on the Indonesia Stock Exchange
Until December 31, 2024, BTPN Syariah was listed in several indices on the Indonesia Stock Exchange:
No. Index Definition Period
1 IHSG IHSG is an index that measures the price Since May 2018
performance of all shares listed on the main
board and development board of the Indonesia
Stock Exchange
2 IDX80 Index IDX80 is an index that measures the price 1. August 2019 – January 2020
performance of 80 shares that have high 2. February 2020 – July 2020
liquidity and large market capitalization and are 3. August 2020 – January 2021
supported by good company fundamentals. 4. February 2021 – July 2021
IDX80 index calculation factors: 5. August 2021 – January 2022
a. Liquidity: transaction value, transaction 6. January 2022 – August 2022
frequency, number of trading days in the 7. August 2022 – January 2023
regular market and free float stock market
capitalization; and
b. Fundamentals: financial performance,
compliance and others.
c. Periodical review:
• Major Review: January and July
• Minor Review: April and October
3 LQ45 Index The LQ45 Index is an index that measures the 1. August 2019 – January 2020
price performance of 45 shares that have high 2. February 2020 – July 2020
liquidity and large market capitalization and 3. August 2020 – January 2021
are supported by good company fundamentals. 4. February 2021 – July 2021
LQ45 Index calculation factors:
a. Liquidity: transaction value, transaction
frequency, number of trading days in the
regular market and free float stock market
capitalization; and
b. Fundamentals: financial performance,
compliance and others.
c. Periodical review:
• Major Review: January and July
• Minor Review: April and October
4 IDX30 Index The IDX30 Index is an index that measures the 1. August 2020 – January 2021
price performance of 30 shares that have very 2. February 2021 – July 2021
high liquidity, large market capitalization, and
are supported by good company fundamentals.
Where the constituents are part of the LQ45
Index. IDX30 Index calculation factors:
a. Liquidity: transaction value, transaction
frequency, number of trading days in the
regular market and free float stock market
capitalization; and
b. Fundamentals: financial performance,
compliance and others.
PT Bank BTPN Syariah Tbk
c. Periodical review:
• Major Review: January and July
• Minor Review: April and October
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annual report 2024 | performance highlights
No. Index Definition Period
5 Quality 30 Index The Quality 30 Index is an index that measures 1. August 2020 – January 2021
the price performance of 30 shares whose 2. February 2021 – July 2021
companies historically have relatively high
profitability, good solvency and stable profit
growth with transaction liquidity and good
financial performance.
Periodical review:
• Major Review: January and July
• Minor Review: April and October
6 Growth 30 Index The Growth 30 Index is an index that measures 1. August 2021 – February 2022
the price performance of 30 shares that have 2. May 2022 – August 2022
price trends relative to net profit and revenue
growth with transaction liquidity and good
financial performance.
7 ISSI Index The ISSI Index is an index that measures the Since May 8, 2018
price performance of all shares on the Main
Board and Development Board which are
declared as sharia shares in accordance with
the Sharia Securities List (DES) determined by
the Financial Services Authority (OJK).
8 JII Index The JII Index is an index that measures the price 1. June 2019 – November 2019
performance of 30 sharia shares with relatively 2. December 2019 – July 2020
large market capitalization and high liquidity. 3. August 2020 – November 2020
Periodical review: 4. December 2020 – May 2021
Every 6 months, namely every May and
November.
9 Indeks JII70 The JII70 Index is an index that measures the 1. June 2019 – November 2019
price performance of 70 sharia shares with 2. December 2019 – July 2020
relatively large market capitalization and high 3. August 2020 – November 2020
liquidity. 4. December 2020 – July 2021
Periodical review: 5. August 2021 – November 2021
Every 6 months, namely every May and 6. December 2021 – May 2022
November. 7. June 2022 – November 2022
8. December 2022 – May 2023
9. June 2023 – November 2023
10. December 2023 - May 2024
11. June 2024 - November 2024
12. December 2024 - May 2024
10 IDX SMC Liquid An index that measures the price performance 1. August 2018 – January 2019
of highly liquid stocks with small and mid- 2. February 2019 – July 2019
market capitalization. 3. August 2019 – January 2020
Periodical review: 4. February 2020 – July 2020
Every 6 months, in January and July. 5. August 2020 – January 2021
6. February 2021 – July 2021
PT Bank BTPN Syariah Tbk
7. August 2021 – February 2022
8. February 2022 – August 2022
9. August 2022 – February 2023
10. February 2023 – August 2023
11. August 2023 – February 2024
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No. Index Definition Period
11 SMC Composite An index that measures the price performance 1. August 2018 – January 2019
IDX of stocks with small and medium market 2. February 2019 – July 2019
capitalization. 3. August 2019 – January 2020
Periodical review: 4. February 2020 – July 2020
Every 6 months, namely every January and July. 5. August 2020 – January 2021
6. February 2021 – July 2021
7. August 2021 – February 2022
8. February 2022 – August 2022
9. August 2022 – February 2023
10. February 2023 – August 2023
11. August 2023 – February 2024
12 MNC36 Index The MNC36 Index is an index that measures November 2020 – April 2021
the price performance of 36 shares that
have positive performance selected based on
market capitalization, transaction liquidity,
and fundamentals and financial ratios. The
MNC36 index was launched and managed in
collaboration with the media company Media
Nusantara Citra (MNC) Group.
Periodical review:
Every 6 months, namely every April and
October.
13 INFOBANK15 The INFOBANK15 Index is an index that 1. July 2019 – December 2019
Index measures the price performance of 15 banking 2. January 2020 – August 2020
stocks that have good fundamental factors and 3. September 2020 – December 2020
high trading liquidity. The INFOBANK15 index 4. January 2021 – June 2021
was launched and managed in collaboration 5. July 2021 – December 2021
with the media company PT Info Artha 6. January 2022 – June 2022
Pratama (publisher of Infobank Magazine). 7. July 2022 – December 2022
Periodical review: 8. January 2023 – June 2023
Every 6 months, namely every June and 9. July 2023 – December 2023
December. 10. January 2024 - June 2024
11. July 2024 - December 2024
14 Bisnis-27 Index The Bisnis27 Index is an index that measures November 2020 – April 2021
the price performance of 27 shares selected by
the Indonesian Business Index Committee. The
BISNIS-27 Index was launched and managed
in collaboration with the media company PT
Jurnalindo Aksara Graphics (publisher of the
daily newspaper Bisnis Indonesia).
Periodical review:
Every 6 months, namely every April and
October.
PT Bank BTPN Syariah Tbk
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annual report 2024 | performance highlights
No. Index Definition Period
15 KOMPAS100 The KOMPAS100 Index is an index that 1. August 2019 – January 2020
Index measures the price performance of 100 shares 2. February 2020 – July 2020
that have good liquidity and large market 3. August 2020 – January 2021
capitalization. The KOMPAS100 index was 4. February 2021 – July 2021
launched and managed in collaboration with 5. August 2021 – January 2022
the media company Kompas Gramedia Group 6. February 2022 – July 2022
(publisher of the Kompas daily newspaper). 7. August 2022 – January 2023
Periodical review: 8. February 2023 – July 2023
Every 6 months, namely every January and July. 9. August 2023 – January 2024
10. February 2024 - July 2024
11. August 2024 - January 2025
16 Pefindo25 Index The Pefindo25 Index is an index that measures 1. August 2021 – January 2022
the share price performance of 25 small and 2. February 2022 – July 2022
medium listed companies that have good 3. August 2022 – January 2023
financial performance and high transaction 4. February 2023 – July 2023
liquidity. The PEFINDO25 Index was launched 5. August 2023 – January 2024
and managed in collaboration with the rating 6. February 2024 - July 2024
company PT Pemeringkat Efek Indonesia 7. August 2024 - January 2025
(PEFINDO).
Periodical review:
Every 6 months, namely every January and July.
17 ESGS KEHATI An index containing stocks with ESG Since December 2021
Index performance assessment results that are
above the sector average and have good
liquidity. Industrial classification refers to the
IDX industrial Classification (IDX-IC). ESG
Sector Leaders IDX KEHATI was launched and
managed in collaboration with the Indonesian
Biodiversity Foundation (KEHATI Foundation).
Periodical review:
Every 6 months, namely every May and
November.
18 ESGQ KEHATI An index containing the 45 best stocks based on Since December 2021
Index ESG performance assessments and company
financial quality and good liquidity. ESG Quality
45 IDX KEHATI was launched and managed in
collaboration with the Indonesian Biodiversity
Foundation (KEHATI Foundation).
Periodical review:
Every 6 months, namely every May and
November.
PT Bank BTPN Syariah Tbk
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corporate
actions
cash dividend distribution while still considering relevant factors, including
the company’s revenue and cash flow availability,
fulfilling commitment to financial prospects, working capital needs, future
business outlook, capital and infrastructure
shareholders expenditures, investment plans, and other
growth drivers.
In line with BTPN Syariah’s commitment to
consistently implementing good corporate The dividend distribution is proposed by the
governance principles and strengthening trust Board of Directors and subsequently submitted
among shareholders and investors, BTPN Syariah by the Board of Commissioners at the AGMS for
has once again distributed dividends based on shareholders approval.
its financial performance for the fiscal year
ending December 31, 2023. This commitment is distribution of cash dividends for
fulfilled while considering the sector and industry
2024
landscape, as well as the scale and complexity of
BTPN Syariah as an Islamic commercial bank and
a public company. The Dividend Distribution for the financial
performance of the fiscal year ending December
This marks the fifth dividend distribution since 31, 2023, has been approved by the shareholders
BTPN Syariah was established in 2014 and through BTPN Syariah’s AGMS on March 20,
became a public company in 2018, as well as the 2024.
fourth consecutive year of dividend distribution
since 2020. The total dividend distribution paid in 2024
comes from BTPN Syariah’s net profit for the
dividend policy fiscal year ending December 31, 2023, amounting
to IDR 1,080,498,892,729.00 (one trillion, eighty
billion, four hundred ninety-eight million, eight
BTPN Syariah highly upholds the rights hundred ninety-two thousand, seven hundred
of its shareholders and strives to ensure twenty-nine rupiah). IDR 20,000,000,000
equal treatment for all shareholders while (twenty billion rupiah) has been set aside as a
guaranteeing the fulfillment of their rights. The mandatory general reserve. IDR 70.15 (seventy
distribution and determination of dividends are point fifteen rupiah) per share, or a total of
carried out in accordance with applicable laws IDR 540,397,350,713.00 (five hundred forty
and regulations, based on the resolutions of billion, three hundred ninety-seven million, three
the Annual General Meeting of Shareholders hundred fifty thousand, seven hundred thirteen
(AGMS). rupiah), has been allocated as cash dividends
to shareholders. BTPN Syariah recorded the
BTPN Syariah has established a dividend policy remaining net profit for the fiscal year ending
within its Articles of Association and Corporate December 31, 2023, amounting to
Governance Policy, as outlined in Dividend Policy IDR 520,101,542,016.00 (five hundred twenty
Number: K.001 – February 2024. billion, one hundred one million, five hundred
forty-two thousand, sixteen rupiah) as retained
Observing the development and growth of BTPN earnings to finance the Bank’s business activities.
Syariah’s financial performance, and considering
PT Bank BTPN Syariah Tbk
the interest in maximizing the value of public
shareholders, the Dividend Policy at BTPN
Syariah may reach more than 40%, with
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annual report 2024 | performance highlights
payout ratio for the distribution of cash dividends in 2024
The payout ratio for the distribution of dividends in 2024 is set at a maximum of up to 50%.
schedule for the distribution of cash dividends in 2024
no description date
1. End of Share Trading Period with Dividend Rights (Cum Dividend)
March 28, 2024
a. Regular and Negotiated Market
April 2, 2024
b. Cash Market
2. Start of Share Trading Period Without Dividend Rights (Ex-Dividend)
April 1, 2024
a. Regular and Negotiated Market
April 3, 2024
b. Cash Market
3. Date of Shareholders Entitled to Dividend (Recording Date) April 2, 2024
4. Cash Dividend Payment Date April 19, 2024
procedure for distributing cash For the 2024 Cash Dividend Distribution, BTPN
Syariah has disclosed information in accordance
dividends in 2024 with applicable regulations.
Cash Dividend distribution 2024 have been
carried out in accordance with applicable
regulations.
amendment to the articles of
association
BTPN Syariah has disclosed information
regarding the Procedures for Cash Dividend Board of Directors of BTPN Syariah has
Distribution in 2024, which has been available amended the Articles of Association to align
on the BTPN Syariah website and the Indonesia with Financial Services Authority Regulation
Stock Exchange (IDX) website since March 22, (POJK) No. 17 of 2023 on the Implementation of
2024, along with the publication of the Summary Governance for Commercial Banks.
of the 2024 AGMS Minutes.
This amendment was approved during the 2024
AGMS and was formalized in Deed of Statement
realization of cash dividend of AGMS Resolutions No. 46, dated March 20,
distribution in 2024 2024, executed before Ashoya Ratam, S.H.,
M.Kn., Notary in South Jakarta. Furthermore,
PT Kustodian Sentral Efek Indonesia (KSEI) it has received approval from the Minister of
has executed the Cash Dividend payment to Law and Human Rights through the Notification
shareholders (scriptless securities holders) with Receipt of Articles of Association Amendment
accounts in KSEI on April 19, 2024 (Payment No. AHU-AH.01.03-0089433, dated April 19, 2024,
Date) based on ownership recorded on the and has been registered in the Company Register
Recording Date of April 2, 2024. at the Ministry of Law and Human Rights No.
AHU-0076363.AH.01.11 of 2024, dated April 19,
Notification regarding the distribution of Cash 2024.
Dividends was sent to the respective account-
holding shareholders on April 19, 2024. Regarding this amendment, BTPN Syariah has
disclosed the information on its official website,
Additionally, BTPN Syariah has also distributed as well as on the Indonesia Stock Exchange
Cash Dividends (non-scriptless securities) to website and the Capital Market Financial
PT Bank SMBC Indonesia Tbk (formerly Services Authority website.
PT Bank BTPN Syariah Tbk
PT Bank BTPN Tbk) as the controlling
shareholder, for its 1% ownership, which is not
listed on the Indonesia Stock Exchange (IDX), on
April 19, 2024.
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significant
events 2024
Signifant events throughout 2024 has been part of BTPN Syariah journey in fostering excellent behavior
to realize good intentions more quickly.
31.01 07.03
Launch of Sitepat application to smoothening Received an Affirmation of the Long-Term
TPSIK funding distribution National Rating at “AAA (idn)” with a Stable
Outlook.
BTPN Syariah continues to innovate to facilitate
customer financing transactions through the BTPN Syariah has once again earned high trust through
development of the Sitepat application, enabling more its performance by receiving an affirmation from
convenient, accurate, and beneficial transaction services. PT Fitch Ratings Indonesia, maintaining its Long-Term
National Rating at AAA (idn) with a Stable Outlook.
A National AAA rating represents the highest rating
assigned by Fitch on a national scale. This rating is given
to issuers or bonds with the lowest expected risk of
default compared to all other issuers or bonds within the
same country or monetary union.
20.03
The Annual General Meeting of Shareholders
(AGMS)
The Annual General Meeting of Shareholders (AGMS)
of BTPN Syariah produced several important decisions
including the approval of the Financial Statements,
Annual Report, and Sustainability Report for the
2023 financial year, as well as other agendas such as
19.04
amendments to the Articles of Association in accordance
with POJK 17 2023 regarding the Implementation of Distribution of Cash Dividends
Governance for Commercial Banks and the Approval of to Shareholders
Dividend Distribution.
BTPN Syariah once again distributed dividends
based on its financial performance for the fiscal
year ending December 31, 2023. This marks the fifth
dividend distribution since BTPN Syariah became a
public company in 2018, reflecting its commitment to
shareholders.
PT Bank BTPN Syariah Tbk
14.07
BTPN Syariah Anniversary Celebration
The 11th BTPN Syariah Anniversary Celebration was held
simultaneously, filled with inspiring stories involving all
#BankirPemberdaya and customers.
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annual report 2024 | performance highlights
06.08 12.08
ISO 27001:2013 Certification Launch of the QRIS feature on TEPAT MOBILE
BTPN Syariah
In support of the Information Security Management
System, BTPN Syariah has once again obtained an BTPN Syariah continues to innovate to provide
extension of the ISO 27001:2013 certification. convenience for customers and employees in
transactions by developing a mobile banking application
with the latest version of QRIS, enabling easier, more
precise, and more beneficial transaction services.
27.08
Public Expose Live
09.10
BTPN Syariah once again conducted its Annual Public
Expose on Financial Performance (as of June 30, 2024), Umrah on the same flight with 279 inspiring
held live in collaboration with the Indonesia Stock customers and outstanding #BankirPemberdaya
Exchange, the Indonesian Clearing and Guarantee
Corporation, and the Indonesian Central Securities The “Umrah on One Flight” program sent 228 inspiring
Depository, with support from the Financial Services customers as a token of appreciation for their growth
Authority. This event coincided with the 47th anniversary and 51 outstanding employees. These 228 inspiring
of the reactivation of the Indonesian Capital Market. customers came from various regions across Indonesia,
with half of them representing 10 selected Sentra, which
The Public Expose was part of efforts to enhance have consistently demonstrated excellent behavior.
capital market literacy, including expanding access and
strengthening relationships between BTPN Syariah and
local retail investors in Indonesia.
09.12
18.11 The Bank received approval as an organizer of
the Islamic Financial Institution for Cash Waqf
Perubahan Nama Gedung Kantor Pusat Recipient (LKSPWU)
Terdapat perubahan pada detail alamat surat menyurat This approval serves as proof of the regulator’s trust
PT Bank BTPN Syariah Tbk
Kantor Pusat sehubungan perubahan nama gedung in the Bank’s ability to manage customers’ cash
dari sebelumnya Menara BTPN menjadi Menara SMBC. waqf in accordance with Sharia principles while also
Perubahan ini merupakan tindak lanjut dari perubahan strengthening the Bank’s role in supporting the economic
nama pada entitas induk, dari sebelumnya PT BANK empowerment of the community.
BTPN Tbk menjadi PT Bank SMBC Indonesia Tbk efektif
pada 2 Oktober 2024.
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award
2024
Various important and meaningful moments throughout 2024 have accompanied BTPN Syariah’s
journey, remaining loyal to empowering the inclusive community to realize good intentions more quickly.
05.03 07.03 01.04
Indonesia Excellence Public Relations Indonesia Awards 13th Digital Brand Awards
GCG Awards 2024–Warta Ekonomi (PRIA) 2024–PR Indonesia 2024-Infobank:
Indonesia Excellence Good Bronze Winner in the Annual Report • The Best Bank Umum Syariah
Corporate Governance Ethics in Category (Subcategory: Annual 2024 (KBMI 2)
Enhancing Banking Accessibility Report) • The Best Tabungan Bank Umum
for Inclusion Society (Category: Syariah 2024 (KBMI 2)
Sharia Bank)
16.05 16.05 16.05
Youth Choice Award Indonesia Financial Top Leader Ekonomi Syariah
2024-Marketeers: Awards 2024-Warta Ekonomi: 2024-Investor Daily/B Universe:
Employer Branding Best Leader for the Implementation • The Best Bank Umum Syariah
through Social Media of Inclusive Business Model and 2024 (KBMI 2)
Improving the Quality of Financing • The Best Tabungan Bank Umum
(Category KBMI 2-Bank Syariah) Syariah 2024 (KBMI 2)
29.05 01.06 20.06
The best corporate transparency and Infobank the Most 500 Outstanding 5th Anniversary Indonesia Top Bank
emission reduction Women 2024 in Financial Sector & Awards 2024-The Iconomics:
State Owned Enterprise-Infobank:
Corporate Emission Calculation The Most Outstanding Women 2024 Top Bank 2024
Transparency (Gold Award) (Ibu Dewie Pelitawati & Ibu Dewi (Kategori KBMI 2)
Nuzulianti) Model and Improving
02.07 02.07 17.07
PT Bank BTPN Syariah Tbk
Indonesia Sharia and Halal Top Brand 5 Indonesia PR Summit 2024 &
th
Awarding of the Nusantara CSR
Awards 2024-Warta Ekonomi: PR Award 2024–The Iconomics awards 2024–La Tofi School
of Social Responsibility
Popular Companies • National CSR SDGs Award
Indonesia Best Sharia Bank 2024
Healthy & Prosperous Life
with Capacity Building of Inclusion
Category
Communities (Kategori KBMI 2)
• National CSR SDGs Award
Gender Equality Category
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annual report 2024 | performance highlights
26.08
17.07 26.07 2023 Vision Award Annual Report
Financial Literacy Award The 3rd Indonesia DEI & ESG Awards Competition-League of American
2024-Otoritas Jasa Keuangan (OJK) (IDEAS) 2024-PR Indonesia Communications Professionals (LACP)
• Platinum Award (Industry Award
Best Islamic Financial Literacy Bronze Winner in the Subcategory Garnered)
Program Category of Gender Equality • Rank 15 Out of Top 100
Reports–Worldwide
• Best Report Cover Worldwide
• Top 20 Reports Indonesia
• Rank 2 out of Top 50 Rank
Top 100 Reports
Asia–Pacific Region
• Best Report Cover Asia-Pacific
Region
28.08 25.09 20.10
Annual Report Competition (ARC) Best Sharia Awards Road to CNBC Award
Award-MerComm, Inc 2024–Investor Trust 2024–CNBC Indonesia
• Gold Medal for Non-English Best Sharia Bank: Category Excellence Sharia Bank
Annual Report Category Total Assets Above 20 Trillion Empowering Ultra Micro
• Bronze Medal for Script Writing
• Bronze Medal for Covers Photo/
Design
25.10 29.11
The 15th IICD Corporate Governance The 200 Future Leaders
Confrence & Award-Institute for 2024-Infobank
Corporate Directorship (IICD)
• Top 10 in the Top 50 Mid- This award is given to directors
Capitalization Public Listed under the age of 50 in 2024 who
Companies have contributed to the company’s
• Best Overall Mid Cap performance and maintained
PT Bank BTPN Syariah Tbk
financial stability as of 2023
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02
management
report
The strategy to enhance customer discipline,
supported by reinforcing the role of
#bankirpemberdaya as a role model for excellent
behavior, becomes a key element in maintaining
the quality of the financing portfolio. The bank
continues strengthening its business processes,
exploring new opportunities and advanced
products, building processes toward operational
excellence, and enhancing organizational
capabilities.
Key Strategic Initiatives (KSI) are implemented
according to Sharia regulations and principles.
PT Bank BTPN Syariah Tbk
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annual report 2024 | management report
PT Bank BTPN Syariah Tbk
37
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PT Bank BTPN Syariah Tbk 38
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annual report 2024 | management report
Board of
Commissioners report
Accompanying the inclusive community and transforming their
lives to be more meaningful has become a conscious choice for all
#bankirpemberdaya to act as role models in fostering excellent
behavior.
Kemal Azis Stamboel
President Commissioner/Independent
Bismillahirrahmanirrahim
Assalamu’alaikum Warahmatullahi Wabarakatuh
Dear Shareholders and Stakeholders,
Allow us to express our gratitude to Allah the number of people vulnerable to poverty
SWT for the abundant blessings and mercy has increased. In carrying out its supervisory
that continue to be bestowed upon all function throughout 2024, the Board of
#bankirpemberdaya in serving the inclusive Commissioners has paid particular attention to
community. Amid the challenges throughout the Bank’s strategic steps in navigating economic
2024, we are grateful to have shown strong challenges, including the impact of disrupted
dedication, working in harmony with all parties global growth. Various inputs from the Board
to rebuild four core values of excellence: Courage, of Commissioners throughout 2024 were aimed
Discipline, Hard Work, and Mutual Assistance at ensuring good governance in all of the Bank’s
(BDKS). business processes. The main focus of supervision
PT Bank BTPN Syariah Tbk
includes strengthening a culture of compliance
We understand that the economic recovery and implementing the principle of prudence in
post-COVID-19 remains uneven and has placed rebuilding the excellent behavior of BDKS amid
a significant pressure on the ultra-micro challenging economic conditions.
segment. Income inequality has widened, and
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perspective on the economic and downward trend, reaching 9.28%, below the pre-
industry conditions pandemic level of 9.93% in December 2019.
The global economic condition, still shrouded Total assets were recorded at IDR 980.30
in uncertainty, has hindered the even recovery trillion, growing 9.88% yoy in December 2024,
of the economy post-COVID-19. Factors such with market share increasing to 7.72%. From an
as geopolitical tensions, natural disasters, high intermediation perspective, the total financing
inflation in developed countries, and changes distributed was IDR 643.55 trillion, growing
in government administrations worldwide 9.92% yoy, in line with the growth of the national
have influenced global economic dynamics and banking industry. Meanwhile, Third-Party Funds
created significant challenges. The International (DPK) of IDR 753.60 trillion, growing around 10%
Monetary Fund (IMF) projects global economic yoy, were collected, this was significantly above
growth in 2024 at 3.2%. This figure shows a slight the growth of the national banking industry,
improvement compared to 2023 but remains which ranged between 4-5%.
below the average pre-pandemic growth.
Although this projection offers some optimism, Financing was predominantly distributed for the
fundamental challenges such as commodity housing sector (KPR), accounting for about 23%,
price fluctuations and supply chain disruptions and for Micro, Small, and Medium Enterprises
continue to pose risks. (UMKM), around 16-17% of total financing.
As a developing country closely integrated building excellent behavior to remain
into the global trade network, Indonesia is resilient
also affected through trade, investment, and
exchange rate channels. Geopolitical tensions
have worsened international trade stability, The uneven economic recovery post-COVID-19
while high inflation in developed countries has has led to an increase in the number of people
influenced purchasing power and demand for vulnerable to poverty. Referring to data from
Indonesia’s export products. On the other hand, the Indonesian Central Bureau of Statistics, the
fluctuations in exchange rates, often triggered by COVID-19 pandemic has shifted the landscape
monetary policies issued by developed countries, of the upper, middle, vulnerable, and poor
have added additional pressure to domestic population groups. From 2019 to 2024, the
economic stability. number of people vulnerable to poverty increased
by around 23%, rising from 54.97 million in 2019
These challenges demand adaptive and to 67.69 million in 2024. Meanwhile, the number
innovative policies from stakeholders in of people living in poverty in 2024 reached 25.22
Indonesia. Throughout 2024, the combination of million, or around 9.03% of the total population.
policies by the Government and Bank Indonesia This means that around 92.91 million people
helped maintain economic growth above 5%, are at risk of facing hardships due to disasters,
continuing the growth trend since 2021 and illness, or job loss.
preserving the stability of Indonesia’s financial
system. Banking intermediation performance Meanwhile, the decline in the middle-class
grew positively with a maintained risk profile. population has reduced purchasing power,
By December 2024, credit growth continued to impacting domestic consumption, which has
demonstrate double-digit growth at 10.39% traditionally supported national economic
year-on-year (yoy). Based on the type of use, growth. This landscape shift in population
investment credit grew the highest at 13.62%, classes has also been accompanied by widening
followed by consumption credit at 10.61%, and inequality, reflected in the Gini ratio. Since
PT Bank BTPN Syariah Tbk
working capital credit at 8.35%. Credit quality Indonesia became one of the world’s largest
remained strong, with a gross NPL ratio of economic powers and joined the G20 25 years
2.08% in December 2024 and a net NPL ratio ago, Indonesia’s Gini ratio has moved from 0.311
of 0.74%. Loan at Risk (LaR) also showed a to 0.379.
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annual report 2024 | management report
In this context, the banking sector plays a From an empowerment perspective, we see that
strategic role in collaborating with other parties the Bank’s efforts to strengthen the capacity of
to drive socio-economic development that Community Officers (COs) through various self-
reduces income inequality. Since its inception, development programs have positively impacted
BTPN Syariah has consciously focused on efforts customer resilience in running their businesses.
to support millions of inclusive communities This also demonstrates a real commitment to
in transforming their lives to become more ensure that these COs can become role models
meaningful. However, focusing on this segment for inclusive customers in building excellent
requires strong commitment and adaptive behaviors.
strategies. This choice is not merely about
performing conventional banking functions We appreciate the Board of Directors’
but also aligning business goals based on the commitment to consistently carry out the Bank’s
philosophy of do good do well. mandate in supporting inclusive communities
through four key access points: financial access,
Therefore, we appreciate the Board of Directors’ knowledge access, product supply, and market
performance in navigating uncertainties and access. Furthermore, we see that technological
challenges throughout 2024. We believe that innovations aimed at improving the Bank’s
the Board’s strategy to rebuild the four excellent operational efficiency and customer service are
behaviors of BDKS as a key to the Bank’s in line with growing market demands. Efforts
growth is highly appropriate and has positively to strengthen various aspects have allowed
impacted our customers. For the Bank, the BTPN Syariah to remain resilient, maintain
excellent behavior of BDKS supports business performance according to projections, and
sustainability. Meanwhile, for inclusive customers, sustain its bank health ratio above the industry
the excellent behavior of BDKS serves as their average. As a result, the Bank is able to provide
resilience to reinforcing efforts to improve their good dividends to its shareholders.
lives and realize their dreams one by one.
We believe that all of the Bank’s efforts
We believe that the envelope-based fund throughout 2024 have reflected an accurate
collection system (with records kept on the implementation of BTPN Syariah’s Key Strategic
envelope) is highly effective in improving Initiative policies. There are four pillars of KSI:
discipline while fostering the spirit of hard work. strengthening business processes, exploring new
This system also provides better transparency, opportunities and advanced products, building
ensuring clarity regarding which customers have processes toward operational excellence, and
or have not contributed to helping those in need. enhancing organizational capabilities. We view
Along with enforcing discipline, the Bank also that the spirit of fostering excellent behavior
offers appreciation by providing free Umrah has also been effectively implemented across
incentives for customer groups consistently all of the Bank’s operational lines, in line with
demonstrating excellent behavior. This approach the company’s PRISMA values (Professionalism,
has proven to increase payment rates and Integrity, Respect, Synergy, and Collaboration).
strengthen the solidarity of inclusive women
within these customer groups.
PT Bank BTPN Syariah Tbk
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perspective on prospects for 2025 We view that the recovering inflation, as well
as the diminishing uncertainty surrounding
The global economic projection for 2025 remains Indonesia’s economic policies following the
uncertain. However, several reports from the election of the new Government, provide
Organization for Economic Co-operation and positive signs for BTPN Syariah to continue
Development predict that Indonesia’s economic its ongoing efforts. With a solid performance
growth will reach 5.2% in 2025, making it the foundation from the previous year, the Bank
second-highest growing economy among G20 continues to strengthen its commitment to serve
members. Meanwhile, the IMF forecasts that the ultra-micro segment through an inclusive
Indonesia’s economic growth between 2025 and sustainable business approach. With
and 2029 will stagnate at 5.1%. In the long- adaptive, long-term-oriented strategies and
term projection, a McKinsey report predicts extensive experiences in accompanying inclusive
that Indonesia will become the seventh- communities, the Board of Commissioners is
largest economy in the world by 2030, up from optimistic that BTPN Syariah will continue to
its current position of 16th, based on Gross successfully navigate challenges and capitalize
Domestic Product measurements. Additionally, on opportunities to achieve its vision of becoming
a report from PricewaterhouseCoopers projects the best Sharia Commercial Bank for financial
that Indonesia will rank fourth globally based on inclusion, making a difference in the lives of
GDP with purchasing power parity by 2050. This millions of Indonesians
report also highlights the dominance of emerging
economies such as China, India, Indonesia, Brazil, assessment on governance
Russia, and Mexico, which are predicted to rank implementation
among the top 10 global economies by 2050. This
reinforces Indonesia’s tremendous potential to
continue to grow and cement its position in the Since its establishment, BTPN Syariah has
global economy. implemented corporate governance in line with
the principles of prudence as a bank focused on
From a demographic perspective, we have inclusive communities, do good do well. BTPN
an extraordinary potential should the current Syariah ensures that every step taken is not only
youth group is well-prepared through education in accordance with regulations but also has a
and healthcare. These two key aspects require real positive impact on the community. Based
attention from both the Government and on Good Will, the Bank’s policies and actions
the private sector aiming to optimize the are not only effective in ensuring the smooth
“demographic bonus” to support economic operation of the Bank but also reflect honesty
growth. We also need to continue efforts and integrity. This approach emphasizes the
to reduce inequality through better income concept of Tepat by ensuring that each policy has
distribution. In this context, the Board of a relevant and meaningful impact for all parties.
Commissioners has reviewed the Bank’s
business prospects and fully supports the We also assess that BTPN Syariah has
Board of Directors’ commitment to continuing adhered to the principle of transparency by
the implementation of KSI strategic policies disclosing information that is easily accessible
to navigate future uncertainties while seizing and understandable by stakeholders. This
new opportunities for the Bank’s business commitment is reflected in the accurate,
sustainability. measurable, and regulatory-compliant
performance accountability. Furthermore, we
believe the Bank’s operations are carried out
independently while still considering the interests
PT Bank BTPN Syariah Tbk
of shareholders and other stakeholders, based on
the principles of fairness and equality.
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annual report 2024 | management report
The Board of Commissioners appreciates the Therefore, allow me, on behalf of the Board of
Management’s prompt response in adjusting Commissioners, to express our deepest gratitude
policies, procedures, and other implementing to all customers, shareholders, the government,
guidelines in accordance with new regulations. regulators, and stakeholders for their support
This includes implementing Sharia Governance, to BTPN Syariah. The commitment of BTPN
fulfilling the Bank’s obligations within the SMBC Syariah to serving inclusive communities will not
Indonesia Financial Conglomeration, including be optimal without the support of all of these
implementing banking synergy. parties.
The Board of Commissioners views that the We also extend our sincere appreciation to
entire #bankirpemberdaya consistently applies the Chairman and members of the Sharia
good governance principles in every aspect Supervisory Board, Mr. H. Ikhwan Abidin, MA,
of their duties. To further refine governance and Mr. H. Muhammad Faiz, MA, for their
practices, BTPN Syariah has adopted the supervision, which ensures that every step taken
international Corporate Governance Scorecard by the Bank remains within the framework of
standard and conducted a self-assessment Sharia principles. Our highest appreciation goes
with a Good rating. This step emphasizes BTPN to the Board of Directors, Management, and
Syariah’s dedication to continuous innovation all #bankirpemberdaya for their commitment,
and maintaining the highest governance dedication, hard work, and extraordinary
standards in the Sharia banking industry. integrity. We hope efforts to build excellent
behavior through BDKS continue to be done to
closing remarks overcome challenges in the years to come and
bring great benefits to all stakeholders.
We believe that the inclusive communities we
serve always have the opportunity to grow and Wabillahitaufik Walhidayah
transform their lives to be more meaningful. We Wassalammu’alaikum Warahmatullahi
also believe that the four main accesses provided Wabarakatuh.
by the Bank, along with the practices of excellent
behavior instilled in them, will contribute
positively to their lives in any situation. We also
hope for the support of all stakeholders to work
together in addressing welfare disparity as a Kemal Azis Stamboel
shared challenge. President Commissioner/Independent
PT Bank BTPN Syariah Tbk
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PT Bank BTPN Syariah Tbk 44
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annual report 2024 | management report
Board of
Directors report
We believe that the most essential foundation in empowerment
is fostering Excellent Behavior.
Hadi Wibowo
President Director
Bismillahirrahmanirrahim
Assalamu’alaikum Warahmatullahi Wabarakatuh
Dear Shareholders and Stakeholders,
We should be grateful for the favorable economic national economic growth has continued to rise.
conditions in Indonesia amid the uncertain global A growth of 3.69% in 2021 increased to 5.31% in
situation. Geopolitical tensions, disruptions in 2022 and 5.05% in 2023. Indonesia’s economic
the commodity supply chain, and the impacts of growth in 2024 remains above 5%. However,
climate change have hindered global economic economic recovery has not been equal. The
growth. In addition, elections happening in resilience of Indonesia’s economy is marked by a
various countries have also triggered greater decrease in the middle-class population that has
economic uncertainty. The International traditionally driven growth through consumption.
Monetary Fund projected global economic On the other hand, the number of people
growth at 3.2%. This is an improvement vulnerable to poverty has increased.
PT Bank BTPN Syariah Tbk
compared to 2023, but still below pre-pandemic
averages.1 According to data from the Indonesian Central
Bureau of Statistics (BPS), the number of
Amid efforts to adapt to global uncertainties, middle-class people decreased from 57.33 million
the government’s strategies and policies have during the COVID-19 pandemic to 47.85 million in
successfully maintained the momentum of 2024.
economic recovery post-COVID-19. Since 2021,
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They did not move to the upper class, as Syariah supports the government’s efforts to
indicated by the decline in the upper-class address income inequality, including by expanding
population from 1.26 million in 2023 to 1.07 financial inclusion. Since operating as the Sharia
million in 2024. The number of people vulnerable Business Unit of BTPN in 2008 and becoming
to poverty had increased by around 23% from BTPN Syariah in 2014, we have chosen to provide
2019 to 2024. In 2019, the number of people financing, along with guidance, to the ultra-micro
vulnerable to poverty was 54.97 million, or segment. We believe in the potential of the ultra-
20.56% of the total population. By 2024, this micro segment as the key pillar for the Bank’s
number had risen to 67.69 million, or 24.23% of sustainable growth.
the total population. The number of poor people
in 2024 reached 25.22 million, or around 9.03% This belief has led us to grow alongside our
of the total population. This figure increased customers. Year after year, we witness how the
from 25.14 million in 2019 before the COVID-19 goals of our financing customers, who come from
pandemic, or 9.41% of the total population. inclusive communities, are coming true, one by
This means, on average, 1 in 3 Indonesians in one. From providing better education for their
2024 were classified as poor or vulnerable to children to owning healthier and more decent
poverty. They will struggle to survive in a disaster, homes. With the right support and excellent
prolonged illness, or job loss. behavior practices, their lives are transformed for
the better and become more meaningful. These
The still-high number of poor and vulnerable poor achievements strengthen our belief that the
people in 2024 reflects the long-term effects of ultra-micro segment is not just a large market or
the COVID-19 pandemic, or the scarring effect. a strategic step in expanding financial inclusion.
This situation is worsened by widening income The ultra-micro segment is the right choice for
inequality. The growing number of vulnerable the Bank to fulfill its noble intention: to change
poor highlights the importance of continuous, the lives of millions of Indonesians. We believe
long-term interventions, rather than a one-time that providing the right access to financing and
lump-sum social aid. The deflation experienced empowerment to inclusive communities can
over five consecutive months from May to significantly improve lives. Funds we collected
September 2024 indicated a decline in people’s from prosperous communities are channeled to
purchasing power. This situation increases the empower inclusive communities, along with the
challenges for the ultra-micro segment, which four main access points provided by the Bank.
are the financing customers of BTPN Syariah. These four access points are access to finance,
knowledge, supply of goods, and markets.
inequality as a shared challenge
The Bank provides financial access to inclusive
The COVID-19 pandemic has caused hardship communities, particularly women from inclusive
for everyone, regardless of social class. However, families who run businesses. Those who want to
groups with higher education levels and better change their lives form groups, receive financing,
digital literacy were able to recover more quickly and help one another. Every two weeks, they
than others. The uneven economic recovery post- gather at one of their homes, which serves as a
pandemic has widened inequalities, with the Gini meeting point (Sentra). Our Community Officers
ratio reaching its highest point of 0.388 in March (COs) meet with customers at this center to
2023. In the 25 years since Indonesia became one collect payments, savings, and encourage the
of the world’s largest economies, joining the G20, spirit of mutual assistance among customers.
the country’s Gini ratio has moved from 0.311 to This activity is called the Regular Center Meeting
0.379. The rising trend of inequality highlights the (PRS). During PRS, members support each other
importance of collaboration from all parties to to continue working hard toward realizing their
PT Bank BTPN Syariah Tbk
reduce the Gini ratio towards zero, indicating a dreams. The relationships among the women in
more equitable income distribution. these groups become stronger, filled with a sense
As part of Indonesia’s banking industry, BTPN of family. If there are member of the group who
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annual report 2024 | management report
cannot make their payment, all members show achieved a minimum of 90% attendance at
solidarity and take responsibility by thinking of PRS and made timely installment payments.
effective solutions to help the customer currently Centers with high discipline, strong unity, and
having difficulties. the ability to inspire other groups or surrounding
communities were gifted with Umrah pilgrimage.
excellent behavior to address the Through this program, as many as 228 customers
challenges in 2024 undertook Umrah to the Holy Land of Mecca in
October 2024.
Throughout 2024, the ultra-micro segment faced
significant economic and social challenges. The The Bank also strengthened its system to
economic resilience of inclusive families was enhance customer discipline in loan repayment.
disrupted by massive layoffs, rising rice prices For the first time, the Bank required customers
due to crop failures, and natural disasters to collect funds in envelopes (with records kept
resulting from climate change. In addition, we on the envelopes) to reinforce commitment and a
were also facing the growing phenomenon of shared sense of responsibility among customers.
online gambling, which has trapped many people Prior using this approach, shared responsibility
with incomes below IDR 2 million per month. was demonstrated by showing (brandishing)
According to data from the Financial Transaction cash, which they would take back when not
Reports and Analysis Center (PPATK) between needed. However, since this practice had not
2017-2023, individuals earning IDR 1 million per been carried out during the COVID-19 pandemic,
month allocated 69.95% of their income to online reinstating it posed a significant challenge. The
gambling, while those earning IDR 1-2 million per envelope system made it transparant which
month used 41.35% of their income for online customers had or had not committed to assisting
gambling. the customers in need. We ensured that this
initiative aligned with good governance and
As a sharia commercial bank focused on serving Sharia values, and had been communicated to
the ultra-micro segment, we understand that customers as a form of their commitment. In
these challenges are part of our customers’ daily practice, this change created new dynamics in
lives. Therefore, we are increasingly focused on the relationship between COs and customers.
fostering four excellent behaviors among our With trust that was built for years, this new
customers: Courage, Discipline, Hard Work, system naturally encouraged groups to be
and Mutual Assistance (BDKS) as part of our more selective in accepting new customers.
strategy to restore customers’ financial strength They had also become more solid in supporting,
while stabilizing the Bank’s business in facing the encouraging, and upholding the excellent
challenges of 2024. This is implemented naturally behaviors of BDKS.
and gradually by strengthening the center’s
cohesion, improving customer discipline, and In addition to strengthening compliance and
developing customer businesses. discipline in fulfilling obligations, we also
enhanced mentoring to improve our customers’
In rebuilding the excellent behaviors of BDKS, businesses. Thus, the role of COs became
we strived to encourage all customers to attend more prominent, supported by more than
PRS. However, this presented another challenge. 2,133 students from 461 universities across
During the COVID-19 pandemic, the Bank 26 provinces in Indonesia who are part of the
suspended PRS activities to ensure the health of Bestee Tepat program (Empowered with Tepat
all customers. After the pandemic, customers’ Friends in Indonesia or Berdaya Bersama
habit of attending PRS had not returned to Sahabat Tepat Indonesia). Initiated since 2021,
normal. The Bank responded to this challenge the Bestee program aims to involve the broader
PT Bank BTPN Syariah Tbk
by promoting center meetings through various community in mentoring and providing training
incentive programs as a form of appreciation. to ultra-micro customers. This intensive and
One of these incentives was for centers that personalized mentoring is expected to enhance
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customers’ competencies and sustainability of For funding customers, we prioritize professional
their businesses. services and appropriate returns on the funds
entrusted to the Bank to empower inclusive
Recognizing the increasingly dominant role of communities. We also continuously enrich our
COs in fostering customers’ excellent behavior, service features, including the QRIS feature in
the Bank supports COs in efficiently managing the TEPAT mobile banking service.
their working hours, conducting training sessions,
and strengthening their daily operations. For the ultra-micro segment, the Bank has
To support operational efficiency, the Bank developed features that support customer
has equipped COs with a digital application discipline in interacting with the Bank, including
that simplifies customer data management, biometric technology for transaction validation,
payment monitoring, and the provision of which has been further developed as an
other information swiftly and accurately. This attendance system for PRS. These various digital
technological intervention has proven to be innovations are supported by the modernization
effective in improving the Bank’s operational of supporting technology to provide resilient IT
efficiency. However, on the customer side, the services. The Bank has also strengthened security
implementation of digital technology in the measures against cyber threats, in compliance
ultra-micro segment cannot be carried out with ISO 27001 standards and regulations. We
instantly due to the digital literacy gap. A large have also reinforced IT governance, ensuring
proportion of customers still rely on traditional that the business application platform and
methods and face limitations in accessing or data are reliable to support the development
utilizing technology. Therefore, PRS meetings of banking products and business innovations.
continued to be conducted face-to-face to We have optimized technology and automation,
ensure effective communication and mentoring both through application-based automation and
in developing BDKS behavior. robotic mechanisms, to improve the operational
effectiveness of the Bank. Additionally, we have
excellent operations and service optimized the utilization of resources through
synergies with the Bank Holding Company or
Fostering excellent behavior is not only a other internal initiatives, such as utilizing joint
strategy for empowering inclusive customers office networks with the Bank Holding Company.
but also a key initiative for the Bank across all
operational lines, serving as the foundation In human resources aspect, we have enhanced
for the Key Strategic Initiative (KSI) of BTPN the capacity of #bankirpemberdaya through
Syariah. There are four KSI pillars: strengthening training sessions and leadership programs,
business processes, exploring new opportunities such as BM Excelleration and DH Makmur,
and advanced products, establishing operational which have strengthened #bankirpemberdaya
excellence, and enhancing organizational leadership in the financing business segment.
capabilities. To achieve this, the spirit of In addition, the Bank has also introduced the
cultivating excellent behavior is seamlessly Jendela HC information portal to facilitate
integrated with the Bank’s core values, PRISMA #bankirpemberdaya in accessing information
(Professionalism, Integrity, Respect, Synergy, and related to employee matters. Incentive programs
Collaboration). and attractive career paths are continuously
implemented as part of our efforts to manage
turnover challenges, especially among COs, the
front line staff of the Bank.
PT Bank BTPN Syariah Tbk
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annual report 2024 | management report
Excellent behavior is also reflected in our efforts throughout 2024. Through this approach, the
to comply with all applicable regulations, Board ensures that every strategic step taken
implement good corporate governance, and is not only effective in driving performance but
ensure the appropriate distribution of dividends also consistent with the principles of prudence,
to shareholders. good governance, and the vision, mission, and
values of BTPN Syariah.
role of the board of directors in
strategic policy well-maintained performance
The strategy to rebuild the customers’ excellent The implementation of the Bank’s strategy
behavior of BDKS in overcoming the challenges and strategic policies in navigating the
during 2024 cannot be separated from the challenges of 2024 requires full dedication from
active role of the Board of Directors in ensuring all #bankirpemberdaya, from the Board of
that BTPN Syariah implements Key Strategic Directors to the COs who directly interact with
Initiatives (KSI) that were formulated and ultra-micro customers. Alhamdulillah, the hard
stipulated by the Board. These strategic policies work of all #bankirpemberdaya has successfully
have been incorporated into the Bank’s Business maintained the Bank’s performance throughout
Plan (RBB) after undergoing thorough reviews 2024.
in Board meetings. This review includes an
evaluation of business targets, budgets, and Throughout 2024, BTPN Syariah was able to
risks, as well as ensuring alignment between distribute financing of IDR 10.17 trillion and
the Bank’s strategy, budget, and risk appetite. posted a net profit of IDR 1.06 trillion, in line
All stages of this process are conducted with projections. This performance was achieved
by considering the principles of prudence with the Bank’s resilience intact, reflected in
and the implementation of comprehensive the Bank’s financial ratios, which remained
risk management to formulate strategic strong. The Bank’s Return on Assets (RoA)
recommendations with clear priorities. reached 6.3%, and the Capital Adequacy Ratio
(CAR) was 53.2%, significantly higher than the
In line with the implementation of KSI year after industry average. As a result, the Bank has the
year, the Board of Directors also formulates option to distribute dividends (dividend payout
Key Performance Indicators (KPIs) to facilitate ratio) in 2025. The Bank also successfully raised
the monitoring of the Bank’s performance, both Third-Party Funds (DPK) from prosperous
qualitatively and quantitatively. The Board is customers, with a total of IDR 11.72 trillion
also involved in overseeing the implementation collected, almost all of which were channeled to
of empowerment programs, engaging directly empower inclusive communities. These various
with selected COs to gain in-depth insights into strengthening efforts were able to maintain the
the work implementation on the ground. The Bank’s financial performance and delivered a
Board ensures that each new initiative can run positive impact for stakeholders. BTPN Syariah
effectively. received affirmation from PT Fitch Ratings
Indonesia with a AAA (Idn) Stable Outlook
The monitoring for the strategy and strategic rating, confirmed in March 2024.
policy implementation is carried out by the
Board of Directors through regular meetings, business prospects for 2025
including setting follow-up actions and
improvement steps to ensure that targets According to a survey by the Organization for
are achieved as expected. In this regard, the Economic Co-operation and Development
Board not only monitors program outcomes (OECD), Indonesia’s economy is expected to
PT Bank BTPN Syariah Tbk
through KPIs but also ensures that every policy continue growing strongly at 5.1% in 2024
and operational step aligns with the Bank’s and 5.2% in 2025, ranking second among G20
long-term goal of empowering the ultra-micro member countries. This growth is supported by
segment. The Board also communicates actively sustained strong private consumption, increased
with the Board of Commissioners and the Sharia private investment, and rising export volumes
Supervisory Board through regular coordination due to high global demand for commodities.
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Meanwhile, the IMF forecasts that Indonesia’s implementation of corporate
economic growth will stagnate at 5.1% between governance
2025-2029, while global economic growth is
expected to remain stable at 3.2% in 2024 and BTPN Syariah believes that the implementation
2025. of good corporate governance is an essential
part of ensuring the Bank’s sustainability.
Although the outlook for 2025 remains clouded Therefore, we welcome the issuance of Financial
by uncertainties, recovering inflation and Services Authority Regulation (POJK) Number 2
growing private sector confidence are positive of 2024 concerning the Implementation of Sharia
signs. We believe that the economic recovery Governance for Sharia Commercial Banks and
will improve further in 2025, supported by the Sharia Business Units (POJK Sharia Governance
easing of uncertainties surrounding Indonesia’s for BUS UUS). We fully understand that this
economic policies after the election of a new regulation is aimed at strengthening governance
government, the potential for global and Bank and increasing public trust in the application
Indonesia’s policy to reduce interest rates, as of Sharia principles in banking. This regulation
well as various government programs supporting specifically addresses banking activities as a
MSMEs. In the longer term, a McKinsey report consequence of implementing Sharia principles,
predicts that Indonesia will become the world’s which affect business activities, human resource
seventh-largest economy by 2030 based on capacity and culture, as well as the business
GDP, up from its current position at 16th. orientation of Sharia banks.
PricewaterhouseCoopers (PwC) projects that
Indonesia’s GDP, measured by purchasing power To align with evolving regulations, we have made
parity, will rank fourth by 2050. The report adjustments to our policies, procedures, and
also highlights the potential emerging markets other implementing guidelines for applying good
that are expected to dominate the world’s top corporate governance within BTPN Syariah.
10 economies by 2050, including China, India, BTPN Syariah has also implemented aspects and
Indonesia, Brazil, Russia, and Mexico. principles of corporate governance in accordance
with OJK Regulation Number 21/POJK.04/2015
Based on these projections, the Bank will and the Financial Services Authority Circular
consistently implement four major strategic Letter (SEOJK) Number 32/SEOJK.04/2015
initiatives: strengthening business processes, regarding Guidelines for Public Company
exploring new opportunities and advanced Corporate Governance. Throughout 2024, BTPN
products, building processes toward operational Syariah has 3 (three) Board of Commissioners’
excellence, and enhancing organizational Committees and 7 (seven) Board of Directors’
capabilities. The Bank is committed to reaching Committees.
more inclusive communities while remaining
selective in distributing financing to the ultra- On the other hand, the Bank has implemented
micro segment. Financing will be provided the regulation on Financial Conglomerates, as
in stages, aligned with business growth and per OJK’s letter dated July 29, 2024, designating
portfolio quality. The Bank will continue to PT Bank SMBC Indonesia Tbk (SMBCI) as the
develop new products to meet customer needs Lead Entity and BTPN Syariah as a subsidiary
while enhancing features that improve business of SMBCI as a Member Entity. This is also in
process efficiency. We will prioritize innovation reference to the Financial Services Authority
and the development of digital technology to Regulation (POJK) No. 18/POJK.03/2014 dated
PT Bank BTPN Syariah Tbk
support the realization of the Sharia digital November 18, 2014, concerning the Application
ecosystem in the next phase for inclusive of Integrated Governance for Financial
communities, while remaining considerate to the Conglomerates, as well as POJK Number 30 of
needs and capacities of our customers. 2024 concerning Financial Conglomerates and
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annual report 2024 | management report
Financial Conglomerates Holding Company. We extend our highest appreciation to all
Therefore, throughout 2024, the Bank’s #bankirpemberdaya who have consciously
management has followed up on all instructions chosen to be bankers who empower others and
and regulations from the OJK related to work with full dedication. Our respect also goes
governance adjustments and risk management, to our financing customers who are committed
including financial conglomerates, and has in rebuilding excellent behavior of BDKS, as well
submitted the Corporate Charter as stipulated as our funding customers who have entrusted
in the Financial Conglomerate POJK. us with their savings, and together with us,
realize the noble intention of changing the lives
To ensure that corporate governance at of inclusive communities. We also value the
BTPN Syariah is implemented according to support from our strategic partners and the
prevailing regulations, we have conducted a wider community who have become a part of the
self-assessment of GCG implementation in journey to expand financial inclusion in Indonesia.
2024 on a regular basis, achieving a score of 2
(Good). Meanwhile, in terms of compliance with With the spirit of building excellent behavior,
Sharia principles, the Bank’s Sharia Supervisory Insha Allah, we will achieve better performance
Board has carried out supervision, review, and year after year. May Allah SWT always bless our
monitoring of the implementation of the Bank’s efforts to empower the community and bring
products and programs to ensure they operate about a more meaningful life for millions of
within the Sharia framework. Indonesians.
appreciation Wabillahitaufik Walhidayah
Wassalamualaikum Warahmatullahi
In conclusion this report, on behalf of the Board Wabarakatuh
of Directors and management of BTPN Syariah,
I would like to express my gratitude to all parties
who have supported us in creating opportunities
to grow and live a more meaningful life together.
The Board of Directors extends its appreciation Hadi Wibowo
to the Board of Commissioners, the Sharia President Director
Supervisory Board, and Shareholders for their
oversight and trust in managing the Bank’s
operations, as well as to the Government and
Regulators for their guidance and direction.
PT Bank BTPN Syariah Tbk
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PT Bank BTPN Syariah Tbk 52
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annual report 2024 | management report
Sharia Supervisory
Board report
BTPN Syariah’s consistency in building excellent
behavior is part of the implementation of Sharia
principles in the Bank’s operations.
H. Ikhwan Abidin, MA
Chairman of the Sharia Supervisory Board
Bismillahirrahmanirrahim
Assalamu’alaikum Warahmatullahi Wabarakatuh
With utmost humility, we express our gratitude appreciate the Bank’s consistency in fostering
to Allah SWT for His endless blessings. We also the excellent behavior: Courage, Discipline,
send our blessings and salutations to the Prophet Hard Work, and Mutual Assistance (BDKS),
Muhammad SAW, the bringer of mercy to the in accompanying the ultra-micro segment to
entire universe. overcome the challenges of uneven economic
recovery. All #bankirpemberdaya have poured
Alhamdulillah, BTPN Syariah has remained their will, dedication, and efforts to provide
resilient in overcoming the challenges of 2024. benefits for stakeholders, including shareholders.
The Sharia Supervisory Board (DPS) has We believe that all these efforts have been
observed that the widening income disparity carried out with the highest regard for Sharia
PT Bank BTPN Syariah Tbk
since the COVID-19 pandemic has become a principles as the foundational pillar in realizing
serious challenge to the welfare of the people. the vision of becoming the best Sharia Bank for
Therefore, we appreciate the Bank’s strategic inclusive finance, changing the lives of millions of
measures in maintaining its commitment to Indonesians.
provide four key access points for inclusive
communities: access to finance, knowledge,
supply of goods, and markets. We also
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sharia supervisory function and sharia law and applicable regulations. We also recognize
performance the dedication of all #bankirpemberdaya in
ensuring that the Bank’s operations align with
In carrying out its supervisory function, the Sharia principles. This assessment is based on
Sharia Supervisory Board (DPS) assesses DPS’s year-long supervision, including providing
the Bank’s compliance in three key areas, opinions on compliance with Sharia principles,
namely product concept, implementation, and which serve as the foundation for the Bank’s
commitment to execution. From a product growth and consistency. Throughout 2024, DPS
concept perspective, BTPN Syariah’s unique has monitored the implementation of Sharia
business model fully adheres to Sharia principles principles in the Bank’s operations through
in accordance with the Fatwa of the National field inspections at eight locations, including six
Sharia Council of the Indonesian Ulama Council. branch offices and community centers, as well
In this framework, the Bank serves as an as two activities at the Head Office. These visits
intermediary, bridging prosperous families with involved direct observation, discussions, and
inclusive communities to help them realize their document sampling related to financing and
aspirations and dreams for a better life. The funding. During these sampling inspections, we
Bank facilitates financial access for individuals also closely observed societal dynamics as key
who previously lacked the opportunity to obtain considerations for the future. Based on these
capital from banking institutions. Prior receiving samplings, we have ensured that the Bank’s
financing, these individuals must initially efforts to enhance performance in financing,
be recommended by a group of customers funding, and operational aspects remain aligned
(kumpulan) within their community. The Bank with Sharia values. Moreover, DPS has conducted
then provides collateral-free financing, granting regular monthly meetings and issued 32 Sharia
trust based on the individual’s capability, opinions on the Bank’s products and services.
willingness, and validation from their community. DPS has also consistently sought explanations
from relevant departments and conducted
Customers then make installment payments compliance reviews against DSN-MUI Sharia
every two weeks during the Routine Center principles.
Meeting (PRS), which is conducted biweekly
at one of the customers’ homes (referred to excellent behavior as the key
as a center or sentra). During PRS, the Bank’s
Community Officer facilitates installment and One of the Bank’s new approaches that we have
savings transactions while providing simple ensured aligns with Sharia values is the envelope-
financial literacy guidance or mentoring. These based fund collection system (with records kept
meetings serve as a platform to reinforce inside the envelope) to strengthen commitment
customer commitment, reminding them to and collective responsibility among customers.
uphold the four key traits of excellent behavior,
BDKS. Each PRS session begins and ends with Through this approach, the process becomes
a prayer, seeking strength and ease for all more transparent, making it easier to identify
customers in fulfilling their responsibilities. As customers who have or have not contributed to
a result, these regular PRS meetings at these assisting those in need. We believe this approach
sentra not only accommodate the Bank’s need aligns with Sharia values, as Sharia inherently
to receive installment payments but also foster teaches that the primary duty of human beings
social bonds, togetherness, and the spirit of is to make efforts, both physically and spiritually.
mutual cooperation, values that align with the Therefore, we view that the envelope system is
compassionate principles of Islam. Additionally, consistent with Sharia principles. Over time, this
customers contribute to a solidarity fund to system has encouraged customers to motivate
support those struggling with their payments. and remind fellow group members to remain
This practice is based on Islamic values of mutual disciplined in fulfilling their responsibilities.
PT Bank BTPN Syariah Tbk
assistance (ta’awun) and shared responsibility
(takaful). We also view that the Bank’s efforts to
strengthen the excellent behaviors of BDKS,
The implementation of the Bank’s products and both towards customers and its general
services is also subject to DPS oversight. We are implementation across all operational lines of the
grateful that BTPN Syariah has demonstrated Bank, are also in line with the teachings of the
strong performance by conducting its business Quran and Hadith.
and operations in compliance with both Sharia
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annual report 2024 | management report
The implementation of BDKS is, in essence, a demands of the times while remaining steadfast
reflection of the noble qualities of the Prophet: within the sharia framework.
Sidiq, Amanah, Tabligh, and Fathonah. Sidiq
represents honesty and integrity, which serve We welcome the new regulation of Financial
as fundamental principles in all of the Bank’s Service Authority which aimed at strengthening
transactions and operations. Amanah relates the characteristics of Sharia Banking that
to responsibility, Tabligh reflects effective in line with the third pillar of the 2023-
communication, and Fathonah embodies 2027 Roadmap for the Development and
intelligence and wisdom. By embracing these Strengthening of Sharia Banking in Indonesia.
exemplary traits of the Prophet, which are also Through POJK Number 2 of 2024 concerning
embodied in BDKS, we firmly believe that both the Implementation of sharia Governance for
#bankirpemberdaya and customers will always sharia Commercial Banks and Shariah Business
be able to overcome any challenges they face. Units, the governance framework for Shariah
Commercial Banks and sharia Business Units
staying relevant within the sharia has become even more robust. Since the
framework issuance of this POJK, meetings between the
Sharia Supervisory Board (DPS), the Board of
The universal values of Islam, which are always Directors, and the Board of Commissioners have
relevant to the demands of the times, have been held every 4 months. These meetings are
always been our guiding principle to follow part of the DPS’s role in directing, monitoring,
regulations and developments while staying and evaluating the implementation of sharia
within the sharia framework. In this regard, governance, including the implementation of
DPS is tasked with aligning financial system sharia risk management.
regulations with sharia values. For instance,
in facing the rapid development of digital DPS express expectations for the Management
technology, we actively engage in discussions to uphold the principles of prudence in carrying
with the relevant teams, monitor the latest out each of its business activities. We appreciate
policies from the OJK (Financial Services the proactive initiatives taken by management
Authority) in the field of sharia banking, and in addressing challenges through business
coordinate with the National sharia Board of process improvements, good governance, and
the Indonesian Ulama Council (DSN-MUI). DPS the application of sharia principles in products
continues to provide guidance to ensure that the and services. This effort form an important
technology implemented by the Bank remains foundation for sustainability and the success of
in compliance with sharia principles and legal the Bank in the future.
aspects, as well as preventing potential misuse
for unlawful actions. We are confident that by upholding sharia
principles, the Bank will grow together with
Additionally, DPS emphasizes the importance of inclusive communities in the future. To this end,
ensuring that technology in business processes DPS is committed to continuously improving the
does not replace the values of togetherness and quality of supervision, including strengthening
the emotional bonds between the Bank and collaborative relations with the Board of
its customers. This is because, to date, good Commissioners, the Board of Directors, and the
relationships with customers have been a key relevant units within the Bank.
pillar in sustaining the Bank’s performance.
Therefore, the technology implemented must be Insha Allah, the Bank’s consistency in fostering
in line with the cultural values of society, which excellent behavior of BDKS and embracing all
have become a distinctive feature of BTPN parties to be involved in accompanying inclusive
Syariah’s approach to its customers. communities, will always be blessed by Allah
SWT to achieve a better life
PT Bank BTPN Syariah Tbk
In line with the efforts to foster excellent
behavior of BDKS, DPS consistently provides Wabillahitaufik Walhidayah
learning materials on the sharia banking Wassalamu’alaikum Warahmatullahi
Wabarakatuh.
principles to all #bankirpemberdaya for the
improvement of their understanding. For
example, from the fundamentals of Islamic
economics to the philosophy underlying Shariah H. Ikhwan Abidin, MA
contracts, ensuring they remain relevant to the Chairman of the Sharia Supervisory Board
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Statement Letter of the Board of Commissioners and the Board of Directors
Concerning the Responsibility for 2024 Annual Report
of PT Bank BTPN Syariah Tbk
We, the undersigned, declare that all information contained in the 2024 Annual Report of
PT Bank BTPN Syariah Tbk has been presented in its entirety, and that we assume full responsibility
for the accuracy of the contents of the Annual Report of PT Bank BTPN Syariah Tbk.
This statement is made in truth.
Jakarta, March 2025
board of commissioners
Kemal Azis Stamboel
president/independent commissioner
Mulya Effendi Siregar Dewie Pelitawati Ongki Wanadjati Dana
independent commissioner independent commissioner commissioner
PT Bank BTPN Syariah Tbk
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annual report 2024 | management report
Jakarta, March 2025
board of directors
Hadi Wibowo
president director
Arief Ismail Fachmy Achmad
compliance director director
PT Bank BTPN Syariah Tbk
Dwiyono Bayu Winantio Dewi Nuzulianti
director director
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03
company
profile
We are a different kind of bankers,
#bankirpemberdaya who consciously choose
to support Indonesia’s inclusive communities
in living a more meaningful life. With the
support of over 14,000 #bankirpemberdaya,
the majority of whom are strong women, we
bring PRISMA values in every step, serving as
role models for inclusive customers to develop
outstanding behaviors.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | company profile
PT Bank BTPN Syariah Tbk
59
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general
information
Continue to serve wholeheartedly, always accompanying every
phase of BTPN Syariah’s journey in assisting inclusive customers
through empowerment activities and appropriate, beneficial
product that contribute to a more meaningful life.
name business activities
PT Bank BTPN Syariah Tbk Banking Based on
Sharia Principle
head office & ownership
corporate secretary address (as of December 31, 2024)
Menara SMBC, 12th Fl. PT Bank SMBC Indonesia Tbk (70.000%)
CBD Mega Kuningan Public (29.997%)
Jl. Dr. Ide Anak Agung Gde Agung Treasury Shares (0.003%)
Kav. 5.5-5.6
South Jakarta 12950
Telephone : +62-21 300 26 400
Facsimile : +62-21 252 0356 year of establishment
Email : corsec@btpnsyariah.com
1991
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | company profile
PT Bank BTPN Syariah Tbk
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legal bases of establishment based on Decree No. AHU-0034666.AH.01.02.
Year 2020 dated May 8, 2020 and Letter of
1. Deed of Establishment of PT Bank Purba Acceptance of Notification of Amendments
Danarta Number 10 dated March 7, to the Articles of Association No. AHU-
1991, which was later revised by Deed of AH.01.03-0214020 dated May 8, 2020.
Amendment to the Articles of Association
Number 39 dated May 25, 1992, and Deed of amendment to the articles of
Amendment Number 25 dated July 11, 1992
made before Notary H. Abu Jusuf, S.H; association
2. Deed of PT Bank Purba Danarta Meeting
Resolution Statement Number 5 dated 1. Deed of Shareholder Resolution Statement
August 27, 2007 made before Notary Winarti PT Bank Tabungan Pensiunan Nasional
Lukman Widjaja, SH, regarding adjustments Syariah Number 15 dated October 31, 2013
to Law Number 40 of 2007 concerning made before Notary Indah Indriani, S.H.,
Limited Liability Companies and has obtained M.Kn., regarding the change of domicile of the
approval from the Minister of Law and Company from Semarang to South Jakarta
Human Rights of the Republic Indonesia and has been registered with the Ministry of
dated January 18, 2008 number AHU-02507. Law and Human Rights of the Republic of
AH.01.02 Year 2008, which was announced Indonesia in accordance with the Resolution
in the State Gazette of the Republic of and Approval of amendment to the
Indonesia dated March 14, 2008 number 22, Company’s Articles of Association Number
Supplement number 3032; AHU-60408. AH.01.02.Year 2013 dated
November 21, 2013 and Receipt of Notification
of amendment to the Company’s Articles of
change of name Association No. AHU.AH.01.10-47895 dated
November 12, 2013.
1. Deed of Statement of Resolution of 2. Deed of Meeting Resolution Statement
the Extraordinary General Meeting of (Capital Increase and Amendment to Articles
Shareholders of PT Bank Purba Danarta No. of Association) Number 27 dated January
01 dated April 1, 2009 made before Notary 30, 2014 made before Notary Hadijah, S.H.,
Winarti Lukman Widjaja, SH, regarding the M,Kn., regarding the separation of the Sharia
change of name of PT Bank Purba Danarta Business Unit of PT Bank Tabungan Pensiunan
to PT Bank Sahabat Purba Danarta and Nasional Tbk (“UUS BTPN”) from PT Bank
has obtained approval from the Minister Tabungan Pensiunan Nasional Tbk (“BTPN”)
of Law and Human Rights of the Republic and has received Notification of Amendments
of Indonesia dated July 22, 2009 No. AHU- to the Articles of Association of PT Bank
34303.AH.01.02.Year 2009; Tabungan Pensiunan Nasional Syariah No.
2. Deed of Amendment to the Articles of AHU-AH.01.10-04338 on February 12, 2014;
Association of PT Bank Sahabat Purba 3. Deed of Shareholder Resolution Statement,
Danarta also known as Bank Sahabat Amendment to the Articles of Association
Number 25 dated August 27, 2013 juncto with of PT Bank Tabungan Pensiunan Nasional
Notarial Deed Number 30 dated Syariah Number 57 dated November 16, 2017
September 25, 2013 made before Notary made before Notary Jose Dima Satria, S.H.,
Hadijah S.H., M.Kn regarding the change of M,Kn., regarding the change in status to a
name of PT Bank Sahabat Purba Danarta public company and has obtained approval
(BSPD) became PT Bank Tabungan Pensiunan from the Minister of Law and Human Rights
Nasional Syariah (BTPN Syariah) and has of the Republic of Indonesia with its Decree
obtained approval from the Ministry of Law dated November 16, 2017 number AHU-
and Human Rights based on Decree No. AHU- 0024076.AH.01.02.Year 2017 and notification
50529.AH.01.02. year 2013 dated October of amendment to its Articles of Association
1, 2013 and announced in State Gazette has been received and recorded by the
Number 94, addition No. 124084 dated Minister of Law and Human Rights of the
November 22, 2013; and Republic of Indonesia in accordance with his
3. Deed of Statement of Resolution of the letter dated November 16, 2017 No. AHU-AH
Tbk
Tbk
Annual General Meeting of Shareholders .01.03-0191730;
Syariah
of PT Bank Tabungan Pensiunan Nasional 4. Deed of Shareholder Resolution Statement,
Syariah
Syariah Tbk Number 26 dated April 16, 2020, Amendment to the Articles of Association
made before of Ashoya Ratam, S.H., M.Kn., of PT Bank Tabungan Pensiunan Nasional
BTPN
regarding the change of name of PT Bank Syariah Tbk Number 8 dated April 5, 2018
BTPN
Tabungan Pensiunan Nasional Syariah Tbk to made before Notary Jose Dima Satria,
Bank
PT Bank BTPN Syariah Tbk and has obtained S.H., M,Kn., regarding amendment to the
Bank
approval from the Minister of Law and Articles of Association of BTPN Syariah and
PTPT
Human Rights of the Republic of Indonesia has obtained approval from the Minister of
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Law and Human Rights of the Republic of and Sharia Supervisory Board and obtained
Indonesia with his Decree dated April 10, 2018 approval from the Minister of Law and
No. AHU-0007953.AH.01.02.Year 2018; Human Rights of the Republic of Indonesia
5. Deed of Shareholder Resolution Statement, based on the Letter of Acceptance of
Amendment to the Articles of Association Notification Regarding the Changes of
of PT Bank Tabungan Pensiunan Nasional Company Data of PT Bank BTPN Syariah Tbk
Syariah Tbk Number 178 dated May 31, 2018 No. AHU-AH.01.03-0260167 dated April 23,
made before Notary Jose Dima Satria, 2021;
S.H., M.Kn. regarding amendment to BTPN 3. Deed of Statement of Resolution of the
Syariah’s Articles of Association (capital) and Annual General Meeting of Shareholders of
notification of amendment to its Articles of PT Bank BTPN Syariah Tbk Number 42 dated
Association has been received and recorded April 21, 2022 made by Ashoya Ratam, S.H.,
by the Minister of Law and Human Rights of M.Kn., concerning the Composition of the
the Republic of Indonesia on June 21, 2018 No. Board of Directors, Board of Commissioners
AHU-AH.01.03-0215425; and Sharia Supervisory Board and obtained
6. Deed of Statement of Resolution of the approval from the Minister of Law and
Annual General Meeting of PT Bank BTPN Human Rights of the Republic of Indonesia
Syariah Tbk Number 35 dated April 21, based on the Letter of Acceptance of
2021, made before Ashoya Ratam, S.H., Notification Regarding the Changes of
M.Kn., concerning the Company’s Articles of Company Data of PT Bank BTPN Syariah Tbk
Association and has obtained approval from No. AHU-AH.01.09-0010849 dated May 1,
the Minister of Law and Human Rights of the 2022;
Republic of Indonesia based on the Receipt 4. Deed of Statement of Resolution of
of Notification of Amendment to Articles the Extraordinary General Meeting of
of Association No. AHU-AH.01.03-0309443 Shareholders of PT Bank BTPN Syariah Tbk
dated May 17 2021; and Number 25 dated October 13, 2022 made by
7. Deed of Statement of Resolution of the Ashoya Ratam, S.H., M.Kn., concerning the
Annual General Meeting of PT Bank BTPN Composition of the Board of Directors, Board
Syariah Tbk Number 46 dated March 20, of Commissioners and Sharia Supervisory
2024, made before Ashoya Ratam, S.H., Board and obtained approval from the
M.Kn., concerning the Company’s Articles of Minister of Law and Human Rights of the
Association and has obtained approval from Republic Indonesia based on the Letter of
the Minister of Law and Human Rights of the Acceptance of Notification Regarding the
Republic of Indonesia based on the Receipt Changes of Company Data of PT Bank BTPN
of Notification of Amendment to Articles Syariah Tbk No. AHU-AH.01.09-0067440
of Association No. AHU-AH.01.03-0089433 dated October 20, 2022;
dated April 19, 2024. 5. Deed of Statement of Resolution of the
Annual General Meeting of Shareholders of
PT Bank BTPN Syariah Tbk Number 27 dated
changes in the composition of April 12, 2023 made by Ashoya Ratam, S.H.,
the Board of Directors, Board M.Kn., concerning the Composition of the
Board of Directors, Board of Commissioners
of Commissioners, and Sharia and Sharia Supervisory Board and obtained
Supervisory Board approval from the Minister of Law and
Human Rights of the Republic of Indonesia
1. Deed of Statement of Resolution of based on the Letter of Acceptance of
the Extraordinary General Meeting of Notification Regarding the Changes of
Shareholders of PT Bank Tabungan Pensiunan Company Data of PT Bank BTPN Syariah Tbk
Nasional Syariah Tbk Number 02 dated No. AHU-AH.01.09.0112366 dated April 19,
September 2, 2019 made before Notary 2023; and
Ashoya Ratam, S.H., M.Kn., regarding the 6. Deed of Statement of Resolution of the
composition of the Board of Commissioners, Annual General Meeting of Shareholders of
Board of Directors and Sharia Supervisory PT Bank BTPN Syariah Tbk Number 46 dated
Board and has received Notification April 27, 2023 made by Ashoya Ratam, S.H.,
PT Bank BTPN Syariah Tbk
Regarding the Changes of Company M.Kn., concerning the Composition of the
Data dated September 17, 2019 No. AHU- Board of Directors, Board of Commissioners,
AH.01.03-0332927; and Sharia Supervisory Board and obtained
2. Deed of Statement of Resolution of the approval from the Minister of Law and
Annual General Meeting of Shareholders of Human Rights of the Republic of Indonesia
PT Bank BTPN Syariah Tbk Number 36 dated based on the Letter of Acceptance of
April 21, 2021 made by Ashoya Ratam, S.H., Notification Regarding the Changes of
M.Kn., concerning the Composition of the Company Data of PT Bank BTPN Syariah Tbk
Board of Directors, Board of Commissioners No. AHU-AH.01.09.0112846 dated April 27,
2023.
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(as of December 31, 2024)
authorized capital Rp2,750,000,000,000
(Two Trillion Seven Hundred and Fifty Billion Rupiah)
issued capital and Rp770,370,000,000
paid in capital
(Seven Hundred Seventy Billion and Three Hundred Seventy Million Rupiah)
Indonesia Stock Exchange PT Bursa Efek Indonesia
• April 25, 2018
BTPN Syariah’s Go Public Registration Statement was declared effective
by the Capital Market Supervisory Financial Services Authority
• May 3, 2018
BTPN Syariah listed on Indonesia Stock Exchange
• May 8, 2018
Listing and Trading of BTPN Syariah Initial Shares
ticker code BTPS
ISIN code ID1000142805
website & email www.btpnsyariah.com
corsec@btpnsyariah.com
corporatecommunications@btpnsyariah.com
investorrelation@btpnsyariah.com
The Annual Report and other information regarding BTPN Syariah are
listed on the BTPN Syariah Website
social media a. Instagram: @btpnsyariah
https:///www.instagram.com/btpnsyariah/
b. Instagram: @bankirpemberdaya.btpns
https:///www.instagram.com/bankirpemberdaya.btpns/
c. Facebook: @btpnsyariah.id
https://facebook.com/btpnsyariah.id
d. Youtube: @BTPNSyariah
Tbk
https://www.youtube.com/@BTPNSyariah
Tbk
e. LinkedIn: BTPN Syariah
Syariah
https://www.linkedin.com/company/btpnsyariah
Syariah
f. Tiktok: @btpnsyariah
https://www.tiktok.com/@btpnsyariah
PTPT Bank
Bank BTPN
BTPN
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annual report 2024 | company profile
networks • 1 Head Office
• 15 Branch Offices
• 30 Functional Operational Offices (KFO)
• Non-Operational Functional Offices (KFNO)
• 14 ATMs
• 1,542 Mobile Functional Offices
Spread across 26 provinces in Indonesia
total employees 14,425 employees:
• 13,800 female employees
• 625 male employees
ratings National Long-term Rating:
AAA (idn) with stable Outlook
Affirmed by PT Fitch Ratings Indonesia on March 7, 2024
annual general BTPN Syariah Annual General Meeting of Shareholders will be held on
meeting of April 17, 2025
shareholders
tax payer identification PT Bank BTPN Syariah Tbk
number (NPWP)
001.551.806.1-511-000
business identification PT Bank BTPN Syariah Tbk
number (NIB)
9120209291387
corporate secretary Arief Ismail
Menara SMBC 12th Fl.
CBD Mega Kuningan
PT Bank BTPN Syariah Tbk
Jl. DR. Ide Anak Agung Gde Agung Kav. 5.5-5.6 South Jakarta 12950
Phone : +62 21 300 26 400
Facsimile : +62 21 252 0356
Email : corsec@btpnsyariah.com
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about
BTPN Syariah
BTPN Syariah is the 12th Sharia Commercial Bank in Indonesia,
established through the conversion process of PT Bank Sahabat
Purba Danarta and the spin-off of the Sharia Business Unit of
BTPN (now SMBCI) on July 14, 2014. BTPN Syariah is the only
bank in Indonesia that focuses on reaching out and providing
banking services to the unbanked segment.
This commitment has been upheld since BTPN Syariah was still a Sharia Business Unit
of PT Bank BTPN Tbk (now known as PT Bank SMBC Indonesia Tbk). Consistently, this
commitment has accompanied every step of BTPN Syariah in delivering real benefits to
millions of customers, enabling them to achieve their good intentions more quickly and
lead a more meaningful life.
To carry out its mandate in the form of empowerment and financial literacy activities,
especially for women in the inclusive community, BTPN Syariah accompanies and
provides appropriate banking access, services and products in accordance with sharia
principles so that they can achieve their dreams and build a better life.
As the only sharia bank in Indonesia that focuses on empowering inclusive customers
and developing inclusive finance, BTPN Syariah continuously strives to provide added
value through real positive impacts on the life of every customer it serves. To date,
the reach of BTPN Syariah’s operational activities has covered up to 26 provinces in
Indonesia.
In the future, BTPN Syariah will continue to improve and develop products and services
that are effective for customers in order to bring more benefits to millions of people in
Indonesia and realize Rahmatan Lil Alamin (a blessing for all creation).
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | company profile
PT Bank BTPN Syariah Tbk
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subsidieris company
PT BTPN Syariah Ventura
Aiming at continuing the call to build a Sharia Digital Ecosystem for Mass Market, adapt to changing
customer needs and having the opportunity to serve more customers in a sustainable manner,
PT BTPN Syariah Ventura (BTPN Syariah Ventura) is established to ensure an increase in the welfare of
inclusive customers by optimizing various breakthroughs through the use of technology for doing good.
To accelerate the realization of these aspirations more quickly, BTPN Syariah Ventura builds
cooperation and collaboration with strategic partners who share the same vision and have the right
digital competencies from various backgrounds such as financial services institutions, digital start-ups
or other platforms.
Supported by shareholders, PT Bank BTPN Syariah Tbk and PT Bank SMBC Indonesia Tbk, the
establishment of BTPN Syariah Ventura is as recorded in the Deed of Establishment Number 36 dated
October 21, 2021, which has received approval for the establishment of a limited liability company
based on the Decree of the Minister of Law and Human Rights. Republic of Indonesia Number AHU-
0066702.AH.01.01.Year 2021 concerning Ratification of the Establishment of the Limited Liability
Company Legal Entity PT BTPN Syariah Ventura in accordance with Information Disclosure based on
letter Number S.417/DIR/CSGC/X/2021 dated October 22, 2021.
PT BTPN Syariah Ventura operational licensing
PT BTPN Syariah Ventura has obtained an operational permit from the Financial Services Authority
through Decree of Members of the Board of Commissioners Number KEP-23/D.05/2022 dated May
20, 2022 concerning the Granting of a Sharia Venture Capital Company Business License to PT BTPN
Syariah Ventura and is effectively carrying out its operational activities on May 30, 2022.
Further information regarding Subsidiaries can be found on the website at
www.btpnsyariahventura.com
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | company profile
information to shareholders regarding
BTPN Syariah Ventura
(as of December 31, 2024)
company name PT BTPN Syariah Ventura
company address Jl. Radio Dalam No. 100
Kebayoran Baru
South Jakarta 12140
Phone : +62 21 2709 9533
Facsimile : +62 21 2709 9616
business activities Sharia Venture Capital Company
A company that carries out Sharia Venture Capital Business activities,
manages venture funds, and other business activities with the approval of
the Financial Services Authority, all of which are carried out based on sharia
principles.
ownership 99% (ninety-nine percent) owned by BTPN Syariah
deed of establishment Number 36 dated October 21, 2021, made before Notary Ashoya Ratam, SH,
M.Kn., Notary in Jakarta who has received approval for the establishment of
a limited liability company legal entity based on the Decree of the Minister of
Law and Human Rights of the Republic of Indonesia Number AHU-0066702.
AH.01.01.Year 2021 concerning Ratification of the Establishment of the
Limited Liability Company Legal Entity PT BTPN Syariah Ventura.
authorized capital Rp500,000,000,000 (Five Hundred Billion Rupiah) divided into 5,000,000
(Five Billion) shares, each share with a nominal value of Rp100 (One Hundred
Rupiah)
issued and paid-up capital Rp300,000,000,000 (Three Hundred Billion Rupiah)
or constitutes 60% of the Company’s authorized capital
shareholders structure 1. PT Bank SMBC Indonesia Syariah Tbk, a total of 2,970,000,000 (Two
Billion Nine Hundred and Seventy Million) shares with a nominal value
of Rp 297,000,000,000 (Two Hundred Ninety-Seven Billion Rupiah) or
representing 99% (ninety nine percent) of the total number of shares that
have been issued by the Company;
2. PT Bank BTPN Tbk, a total of 30,000,000 (Thirty Million) shares with a
nominal value of Rp 3,000,000,000 (Three Billion Rupiah) or representing
1% (one percent) of the total number of shares that have been issued by
the Company
year of establishment 2021
operating date May 30, 2022
PT Bank BTPN Syariah Tbk
tax payer identification number PT BTPN Syariah Ventura
(NPWP) 053.077.726.7-063.000
business identification number PT BTPN Syariah Ventura
(NIB) 0411210043066
website www.btpnsyariahventura.com
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vision, mission, and
company values
vision
To be the best Sharia Bank for financial inclusion,
making a difference in the lives of millions of Indonesians
mission
Together we create opportunities for growth and a more
meaningful life
values
PRISMA
PRofessionalism,
Integrity,
Mutual ReSpect,
TeaMwork
The Board of Directors and the Board of Commissioners have reviewed and ensured the alignment of
BTPN Syariah’s Vision and Mission for 2024, as stated in the Bank’s Business Plan and the Sustainable
Tbk
Finance Action Plan, which were submitted by the Board of Directors and approved by the Board of
Tbk
Commissioners during the joint meeting on November 21, 2024, and subsequently submitted to the
Syariah
Syariah
Financial Services Authority.
The disclosure of the alignment of the Vision and Mission is presented in the Corporate Governance
BTPN
BTPN
Implementation Report sub-chapter Report on the Implementation of Duties of the Board of Directors
and the Board of Commissioners in this 2024 Annual Report.
PTPT Bank
Bank
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annual report 2024 | company profile
socialization of the company’s vision,
mission, values, and collective identity
The Bank has undertaken various active efforts to ensure that its Vision, Mission,
and Collective Identity continued to be upheld and implemented through:
1. An induction program for all new employees and executive officers.
2. The implementation of corporate values and collective identity in every activity.
collective identity
A collective identity has been chosen to unify the spirit of all employees in
carrying out the Company’s Vision and Mission.
#bankirpemberdaya is the spirit that awakens all BTPN Syariah employees
to their mandate of being different kind of bankers. Bankers who choose to
acquire funds from the privileged and channel them to empower the inclusive
communities. Taking a different path, in order to fulfill their calling to benefit
others.
This is in line with the Vision and Mission of the Company to fulfill the
calling of the soul, that is, by becoming #bankirpemberdaya who relentlessly
empower the inclusive communities in Indonesia. #bankirpemberdaya work
hand in hand in their respective functions and duties to fulfill their mandate
to realize good intentions faster.
PT Bank BTPN Syariah Tbk
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product and
services
funding
Tepat Tabungan
Can be opened without a minimum deposit, with a wadiah yad dhamanah agreement.
Customers have the convenience of making transactions at all Bank branches, free of
monthly administration fees.
Tepat Tabungan Platinum
Savings for individual customers (Tepat Tabungan Platinum) and companies (Tepat
Tabungan Platinum Bisnis) which are managed based on a profit sharing agreement
(mudharabah mutlaqah) provide the freedom to make unlimited cash withdrawals and
free monthly administration fees (terms and conditions apply) for returns. optimal
results.
Tepat Tabungan Rencana
Planned savings facility, to easily make various dreams come true, with various monthly
deposit and time period options (mudharabah mutlaqah).
Tepat Tabungan Syariah
Savings product with a wadiah yad dhamanah agreement given to Tepat Tabungan
Syariah customers. This product is to support inclusive finance, where customers can
have easy bill payment transactions, credit purchases, fund transfers, as well as cash
deposit and cash withdrawal transactions at Mitra Mitra BTPN Syariah. Currently, this
service is equipped with a payment service feature for products for daily needs of BTPN
Syariah customers, so it is hoped that it will make things easier and improve the welfare
of their families and the environment.
Rekening Tabungan Jamaah Haji
Savings product for customers who plan to carry out the Hajj pilgrimage to the Holy
Land. Based on sharia principles with the wadiah yad dhamanah agreement, this safe
and secure product has an online connected system with SISKOHAT of the Indonesian
Ministry of Religion.
Tepat Deposito
Time Deposits based on a profit sharing agreement (mudharabah mutlaqah) between
BTPN Syariah (mudharib) and the customer as the owner of the funds (shahibul maal)
Tbk
with terms ranging in Rupiah currency.
Syariah Tbk
Syariah
Tepat Giro
BTPN
BTPN
Fund placement product that uses a wadiah yad dhamanah agreement, providing
flexibility for customers to make transactions using Checks/Giro Bills.
PTPT Bank
Bank
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annual report 2024 | company profile
financing
Tepat Pembiayaan Syariah – Kelompok
Financing specifically aimed at productive underprivileged women is carried out based
on asale and purchase agreement (wakalah wal murabahah). Tepat Pembiayaan Syariah
- Kelompok(previously called PMD) focuses on building customer character and good
habits, namely Courage, Discipline, Hard Work and Mutual Assistance (BDKS)
Tepat Pembiayaan Produktif Kepada Institusi
Working capital and investment financing, aimed specifically for Sharia Multifinance
of Institutions, is carried out in sale purchase agreement (murabahah), working capital
(musyarakah). The Bank collaborate in synergy with PT Bank SMBC Indonesia Tbk, as the
holding entity, to strengthen the prudent principle in financing distribution process to the
institutional customers.
Tepat Fasilitas Pembiayaan Modal Kerja
Kepada Mitra Tepat
With the Tepat Fasilitas Pembiayaan Modal Kerja Kepada Mitra Tepat, Mitra Tepat as
agents find it easy to use revolving financing from the Bank according to the products
needed. Customers can use the financing facility to cover liquidity needs for rotating
capital in serving customers who make transactions with agents or rotating capital
supplies. This facility is provided using several agreement options, including: (1) Qardh for
liquidity needs; (2) Murabahah for purchasing supplies.
Tepat Pembiayaan Syariah Individu
Tepat Pembiayaan Syariah Individu is financing intended for working capital, investment,
and other needs in accordance with Sharia principles. This product is designed for both
community and non-community customers, offering various features tailored to their
needs to ensure optimal utilization.
PT Bank BTPN Syariah Tbk
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milestones
2008 2010
PT Bank SMBC Indonesia Tbk (formerly The Tunas Usaha Rakyat piloting
known as PT Bank Tabungan Pensiunan project, which focused on serving
Nasional Tbk) establish a Sharia customers from the productive
Business Unit inclusive segment, started with
three communities in Banten and
Pandeglang areas
2020 2019
June 4* July 14
PT Bank Tabungan Pensiunan Nasional Marked a five years since PT Bank
Syariah Tbk changed its name to Tabungan Pensiunan Nasional
PT Bank BTPN Syariah Tbk, in accordance Syariah Tbk has become a Sharia
with the name of the Holding Company Commercial Bank and is the only
financial institution focuses on serving
June 7 productive inclusive families
BTPN Syariah moved up a rank from
BUKU 2 bank to BUKU 3 bank organically
November 18
PT Fitch Ratings Indonesia upgraded
National Long-Term Rating from AA+ (idn)
with Stable Outlook to AAA (idn) with
Stable Outlook
* editorial correction in the 2023 Annual Report should be
June 4, 2020.
2021 2022
October 23 May 30
Establishment of Subsidiary, PT BTPN Syariah Ventura PT BTPN Syariah Ventura, as a Subsidiary,
officially operates
October 30
PT Bank BTPN Syariah Tbk has been classified as a June 2
Core Capital 2 (KBMI 2) based Bank Group, following Tepat Mobile Banking dan Internet Banking
the redefinition of bank groupings in accordance e-channel service upgrade to support funding
with POJK Number 12/POJK.03/2023 regarding customers
Commercial Banks
September 30
November 2 PT Fitch Ratings Indonesia affirmed the
Tbk
PT Fitch Ratings Indonesia affirmed National Long-Term National Rating of PT Bank BTPN
Tbk
Syariah
Long-Term Rating at AAA (idn) Stable Outlook Syariah Tbk, still on AAA (idn), with Stable
Syariah
Outlook
PTPT Bank
Bank BTPN
BTPN
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annual report 2024 | company profile
2011 2014
Started area expansion to serve July 14
inclusive segment in Jakarta, Banten, PT Bank Tabungan Pensiunan
West Java, East Java, Central Nasional Syariah became the
Java, Sumatra, and East Nusa 12th Sharia Commercial Bank in
Tenggara Indonesia.
2018 2017
May 8 November 16
PT Bank Tabungan Pensiunan Changing the status from a Closed
Nasional Syariah Tbk was Company to a Public Company and
officiated as a publicly listed changing the name from previously
company with the ticker code BTPS PT Bank Tabungan Pensiunan
on the Indonesia Stock Exchange Nasional Syariah to
PT Bank Tabungan Pensiunan
Nasional Syariah Tbk
2023 2024
April 14
PT Fitch Ratings Indonesia affirmed that the National March 7
Long-Term Rating remains at AAA (idn) Stable Outlook
PT Fitch Ratings Indonesia
June 26 affirmed that the National Long-
Obtains ISO 27001 certification in Information Security term Rating remains at AAA (idn)
Management System
Stable Outlook
October 26
Treasury System has been officially operated to December 9
automate the treasury transaction process
Bank received a permit as an
PT Bank BTPN Syariah Tbk
December 1 organizer of the Sharia Financial
Upgrade the Tepat Mobile Banking e-channel service: Institution Receiving Waqf Fund
opening online savings applications via Tepat Mobile
(LKSPWU)
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organization
structure
(as of December 31, 2024)
Finance, Treasury.
Business 1 Director Business 2 Director
Operations Director
Dwiyono Bayu Winantio Dewi Nuzulianti Fachmy Achmad
Financing Business Business Development Financial Control &
Planning & Support Head Head Analytic Head
Hendrianto Erikal Mirtha Andrew Adhitia
Mitra Tepat & Project Funding & New Business Treasury & Financial
Implementation Head Planning & Support Head Institution Head
Hanan Yulianto Dwi Prasetya Antonius Priyadi
Financing Business Risk Retail Funding Operation Development
Head Sales Head Head
Mohamad Rizal Mahdayanti Sinarwati Murtiningsih
Wholesale & CA Funding & Operations
DAYA Head
Public Sector Head Head
Acting Official
Ita Rachmidjati Mila Anita
Hendrianto
Chief of Financing Transaction Services
Distribution Head 1
Distribution Head
Firmansyah Roy Iskandar Muhammad Affendle
Corporate Services
Distribution Head 2 Distribution Head 4
Head
Ali Andi Leon Arkantoro Vicky Agus Setlawan Herjandi
Distribution Head 3 Distribution Head 5
Saenah Farida Andi Setlo
Tbk
Tbk
New Business Project
Syariah
Team
Bank
PTPT BTPN
Bank Syariah
BTPN
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annual report 2024 | company profile
President Director
- Wibowo
Hadi
Compliance & Risk Director
Arief Ismail
Information
Risk Management Head Human Capital Head
Technology Head
Dharma Putera Robertus J. Hadisurya Ibnu Agung Mulyanto
Compliance Head
Fauzan Rizani Internal Audit Head
Gatot Prasetyo
Corporate Secretary &
General Counsel Head
Yunita C. Haerani
Corporate & Marketing
Communication Hend
Ainul Yaqin
Corporate Information
Security Head
Her Purwoko
PT Bank BTPN Syariah Tbk
77
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list of industry
association memberships
In supporting sustainable development programs that are in line with the Sustainable Development
Goals, BTPN Syariah plays an active role as a member of various associations and/or institutions in
terms of sustainable finance application, as explained in the following table:
name of
funds
no. association/ purpose participation pic
contribution
initiative
Mandatory in nature
Assist in distributing the
rights of equity securities
holders in the form of money
PT Kustodian Sentral and/or securities and assist Corporate
1 Member IDR 11,000,000, -
Efek Indonesia (KSEI) in the implementation Secretariat
of Corporate Actions by
providing a List of Equity
Securities Holders and
Securities Holders’ KTUR
An organizational forum for
Indonesia Issuers Corporate
2 BTPN Syariah as a Public Member IDR 12,000,043, -
Association(AEI) Secretariat
Company
Indonesia Corporate An organizational forum for
Corporate
3 Secretary Association the Corporate Secretary of Member IDR 5,000,000, -
Secretariat
(ICSA) BTPN Syariah
National Private Mandatory A forum for Corporate
IDR 60,000,000,
4 Banks Association association for BTPN Syariah Member & Marketing
-
(Perbanas) as a National Private Bank Communication
Mandatory A forum for
Indonesian Sharia IDR 90,000,000, Corporate
association for BTPN Syariah
5 Bank Association Member - & Marketing
as a Sharia Commercial Bank
(ASBISINDO) Communication
in Indonesia
Banking Compliance A forum for consultation and
Director communication among the
6 Member IDR 5,000,000, - Compliance
Communication Indonesian Bank Compliance
Forum (FKDKP) Directors
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
78
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annual report 2024 | company profile
name of
funds
no. association/ purpose participation pic
contribution
initiative
Indonesia (MUI)
A forum for realizing the
National Sharia
aspirations of Muslims
7 Board (DSN); Member IDR 36,000,000, - Compliance
regarding the economy from a
Indonesia Ulema
Sharia perspective
Council (MUI)
An alternative Dispute
Alternative Institution
Resolution institution that is
for Settlement of Legal/
professional, fair, trustworthy,
8 Financial Services Member IDR 17,500,000, - Corporate
and the first choice for
Sector Disputes Secretariat
customers and banks in
(LAPS SJK)
resolving banking disputes
IDR 18,000,000, -
(for the areas
Financial A means of communication of South
Corporate
Services Industry for coordination between the Kalimantan, East
9 Member & Marketing
Communication Financial Services Industry Nusa Tenggara,
Communication
Forum (FK-IJK) and the Regulator South Sulawesi,
and North
Sumatra)
An organization that
represents all parties involved
in payment systems and
Indonesian Payment
becomes Bank Indonesia Transaction
10 Systems Association Member IDR35,000,000, -
partner in realizing Bank Services
(ASPI)
Indonesia’s goals in regulating
and maintaining smooth
payment systems
PT Bank BTPN Syariah Tbk
79
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board of
commissioners
Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
Mulya Effendi Siregar Ongki Wanadjati Dana
PTPT
independent commissioner commissioner
80
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annual report 2024 | company profile
PT Bank BTPN Syariah Tbk
Kemal Azis Stamboel Dewie Pelitawati
president commissioner/independent independent commissioner
81
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Kemal
Azis Stamboel
president commissioner/independent
Indonesian | Jakarta, Indonesia | 75 years old
education history
• Bachelor of Psychology from Padjajaran University (1974)
• Master of Science in Business Management dari Hult International Business
School USA (1985)
certification
• Qualification 6 Banking Risk Management Field issued by the Islamic Finance
Professional Certification Body with a validity period until November 28, 2027
training in 2024
• Details of the training attended throughout 2024 can be found in the discussion
of the Board of Commissioners, Directors and Independent Parties in the Corpo-
rate Governance Report contained in this 2024 Annual Report.
position history and legal basis
• Obtained approval from the Financial Services Authority based on the Decree of
the Board of Commissioners of the Financial Services Authority Number KEP-
8/D-03/2014 dated February 24, 2014
• Effective for the first time on May 22, 2014 in accordance with the results of the
Annual GMS decision on May 20, 2014
• Latest reappointment in accordance with the Annual GMS on April 12, 2023
concurrent positions
Financial Institutions
1. None
Non-Financial Institutions
1. President Commissioner of PT Digital Solusi Pratama
2. Member of the Advisory Board of WWF Indonesia
3. Member of the Board of Trustees of Padjadjaran University
career history
• Secretary General of the Indonesian International Bank Association (PERBIINA)
2013-2017
• Advisor to the Directors of Bloomberg TV Indonesia (2013)
• Member of Commission IX DPR RI (2010-2013)
• Chairman of Commission I DPR RI (2009-2010)
• Independent Commissioner and Chairman of the Audit Committee of
PT Holcim Indonesia Tbk (2004-2018)
• Independent Commissioner and Chairman of the Audit Committee of
PT Titan Petro Chemical (2006-2012)
• Independent Commissioner and Chairman of the Audit Committee of
PT Krakatau Steel (Persero) Tbk (2007-2008)
• Deputy Chief Executive of the National Information and Communication
Technology Council (2006-2008)
• Supervisory Member in the Management of the Aceh and Nias Rehabilitation
and Reconstruction Agency (BRR) Audit Committee (2005-2008)
• Country Leader & Partner IBM Consulting Services (Business Management in
Tbk
the Asia Pacific region) (2002-2004)
Tbk
Syariah
• President Director, Managing Partner PricewaterhouseCoopers Consulting
Syariah
Indonesia (1982-2002)
• HRD Manager PT Asahan Indonesia Asahan Aluminium (1977-1982)
BTPN
affiliated relationship
BTPN
• Has no affiliation with the Board of Directors, Board of Commissioners, Sharia
Supervisory Board and Controlling Shareholders
Bank
Bank
Detailed statements of independence from Independent Commissioners are
PTPT
contained in the Governance Report sub-chapter of the Board of Commissioners in
this 2024 Annual Report
82
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annual report 2024 | company profile
Mulya
Effendi Siregar
independent commissioner
Indonesian | Jakarta, Indonesia | 67 years old
education history
• Bachelor of Agriculture from Bogor Agricultural Institute (1980)
• Master of Science from Ohio State University (1989)
• Doctor of Philosophy from Ohio State University (1998)
certification
• Qualification of 7 Banking Risk Management Field issued by the Islamic
Finance Professional Certification Body with a validity period until November
28, 2027
training in 2024
• Details of the training attended throughout 2024 can be found in the
discussion of the Board of Commissioners in the Corporate Governance
Report in this Annual Report 2024
position history and legal basis
• Obtain approval from the Financial Services Authority based on the Decree
of the Board of Commissioners of the Financial Services Authority Number
KEPR-19/D.03/2023 on April 17, 2023
• Effective for the first time on April 17, 2023 in accordance with the results of
the Annual GMS decision on April 12, 2023
concurrent positions
Financial Institutions
1. None
Non-Financial Institutions
1. Independent Commissioner of PT Delameta Bilano
2. Board of Directors Expert Staff in Lembaga Pengembangan Perbankan
Indonesia (LPPI)
career history
• President Commissioner of PT Bank Syariah Indonesia Tbk
(February-August 2021)
• President Commissioner of PT Bank Syariah Mandiri (2017-2021)
• Deputy Commissioner for Banking Supervision 1 Financial Services Authority
(2014-2017)
• Assistant Governor of Bank Indonesia (May-December 2013)
• Executive Director of DPNP Bank Indonesia (2012-2013)
• Head of Sharia Banking Directorate, Bank Indonesia (2010-2012)
• Head of Sharia Banking Development and Regulation Research Bureau, Bank
Indonesia (2006-2010)
• Chairman of Bank Indonesia Sharia Banking R&D Team (2002-2006)
• Member of the International Islamic Financial Market Working Committee
(2000-2002)
• Senior Researcher in Sharia Banking R&D at Bank Indonesia (1999-2002)
• Head of Section in Bank Indonesia (1983-1999)
affiliated relationship
PT Bank BTPN Syariah Tbk
• Has no affiliation with the Board of Directors, Board of Commissioners,
Sharia Supervisory Board and Controlling Shareholders
Detailed statements of independence from Independent Commissioners are
contained in the Governance Report sub-chapter of the Board of Commissioners
in this 2024 Annual Report
83
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Dewie
Pelitawati
independent commissioner
Indonesian | Jakarta, Indonesia | 65 years old
education history
• Bachelor of Law from Padjadjaran University (1984)
• Master of Law from Padjadjaran University (2005)
certification
• Qualification of 6 Banking Risk Management Field issued by the Islamic
Finance Professional Certification Body with a validity period until
November 28, 2027
training in 2024
• Details of the training attended throughout 2024 can be found in the
discussion of the Board of Commissioners in the Corporate Governance
Report in this Annual Report 2024
position history and legal basis
• Obtain approval from the Financial Services Authority based on the Decree
of the Board of Commissioners of the Financial Services Authority Number
KEP-9/D.03/2014 on February 24, 2014
• Effectively took office on May 22, 2014 in accordance with the results of the
Annual GMS decision on May 20, 2014
• Latest reappointment in accordance with the Annual GMS on April 12, 2023
concurrent positions
Financial Institutions
1. None
Non-Financial Institutions
1. Member of the Padjadjaran University Audit Committee
career history
• Senior GM Corporate Legal, Governance and Compliance and Advisor to
CEO XL-Axiata Tbk (2013-2018)
• Partners at Bahar and Partners Attorney at Law (2010-2013)
• Commissioner of PT Indosat Mega Media Mobile (2002-2003)
• Commissioner of PT Satelindo (2002-2003)
• SPV Legal/General Counsel PT Indosat (2002-2008)
• Secretary to Junior Minister at the Minister for National Economic
Restructuring-RI (2001)
• Head of Chairman Office of Indonesia Bank Restructuring Agency
(1999-2000)
• Legal Manager PT Indosat (1985-1999)
affiliated relationship
• Has no affiliation with the Board of Directors, Board of Commissioners,
Sharia Supervisory Board and Controlling Shareholders
Detailed statements of independence from Independent Commissioners
Tbk
are contained in the Governance Report sub-chapter of the Board of
Tbk
Commissioners in this 2024 Annual Report
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah
84
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annual report 2024 | company profile
Ongki
Wanadjati Dana
commissioner
Indonesian | Jakarta, Indonesia | 67 years old
education history
• Bachelor of Mechanical Engineering from Bandung Institute of Technology
(1981)
certification
• Qualification 7 Banking Risk Management Field issued by the Islamic Finance
Professional Certification Body with a validity period until November 28,
2027
training in 2024
• Details of the training attended throughout 2024 can be found in the dis-
cussion of the Board of Commissioners in the Corporate Governance Report
contained in this Annual Report 2024
position history and legal basis
• Obtained approval from the Financial Services Authority based on the
Decree of the Board of Commissioners of the Financial Services Authority
Number KEP-129/D.03/2022 on August 25, 2022
• Effective for the first time on October 13, 2022 according to the results of
the Extraordinary GMS decision on October 13, 2022
• Latest reappointment in accordance with the Annual GMS on April 12, 2023
concurrent positions
Financial Institutions
1. Non-Independent Commissioner of PT Bank SMBC Indonesia Tbk
Non-Financial Institutions
1. Independent Commissioner of PT Nusantara Sejahtera Raya Tbk
(Cinema XXI)
career history
• President Director of PT Bank BTPN Tbk (now known as PT Bank SMBC
Indonesia Tbk) (2019-April 2022)
• Deputy President Director of PT Bank Tabungan Pensiunan Nasional Tbk
(2018-January 2019)
• Wholesale Banking Director PT Bank Permata Tbk (2002-2008)
• Deputy President Director of Bank Universal (2000-2002)
• Senior Advisor, Universal Bank (1999-2000)
• President Director of Bank Subentra (1993-1998)
• Credit Cycle Manager – Consumer Banking Citibank, N.A (1987-1990)
affiliated relationship
• Has a management relationship with the Controlling Shareholder,
PT Bank SMBC Indonesia Tbk
PT Bank BTPN Syariah Tbk
85
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board of directors
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
Fachmy Achmad Arief Ismail
Bank
PTPT
director compliance director and
corporate secretary
86
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annual report 2024 | company profile
PT Bank BTPN Syariah Tbk
Hadi Wibowo Dewi Nuzulianti Dwiyono Bayu Winantio
president director director director
87
Page 88
Hadi
Wibowo
president director
Indonesian | Jakarta, Indonesia | 57 years old
education history
• Bachelor of Civil Engineering from Bandung Institute of Technology (1991)
certification
• Qualification 7 Banking Risk Management Field issued by the Islamic Finance
Professional Certification Body with a validity period until October 30, 2027
training in 2024
• Details of the training attended throughout 2024 can be found in the Board
of Directors’ discussion in the Corporate Governance Report in this Annual
Report 2024
position history and legal basis
• Obtained approval from the Financial Services Authority based on the
Decree of the Board of Commissioners of the Financial Services Authority
Number KEP-41/D-03/2020 dated April 3, 2020
• Effective for the first time on April 16, 2020, in accordance with the results
of the Annual GMS on April 16, 2020
• Latest reappointment in accordance with the Annual GMS on April 12, 2023
concurrent positions
• Has no concurrent positions
career history
• Chief of Process Transformation PT Bank BTPN Syariah Tbk
(January-April 2020)
• Head of Branchless Banking PT Bank Tabungan Pensiunan Nasional Tbk
(2017-2019)
• Head of Operations PT Bank Tabungan Pensiunan Nasional Tbk
(April-December 2016)
• Operations Director PT Bank Tabungan Pensiunan Nasional Tbk (2014-2016)
• UMK Business Director PT Bank Tabungan Pensiunan Nasional Tbk
(2010-2013)
• EVP Operations Head – UMK PT Bank Tabungan Pensiunan Nasional Tbk
(2008-2010)
• SVP, Special Task Force UMK PT Bank Tabungan Pensiunan Nasional Tbk
(June-October 2008)
• EVP, Distribution & Sales Force Development Head – Personal Banking
Division Bank Danamon (2005-2008)
• SVP Business Support Head Bank Danamon (2004-2005)
• VP, E-Banking Division Head Bank Danamon (2003-2004)
• VP, Universal Bank (1994-2003)
affiliated relationship
• Has no affiliation with the Board of Directors, Board of Commissioners,
Tbk
Sharia Supervisory Board and Controlling Shareholders
Tbk
Syariah
membership in associations/organizations
Syariah
• Member of the Communication Committee at the Indonesian Sharia
Banking Association for the 2024-2027 term of office
PTPT Bank
Bank BTPN
BTPN
88
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annual report 2024 | company profile
Arief
Ismail
compliance director and corporate secretary
Indonesian | Jakarta, Indonesia | 58 years old
education history
• Bachelor of Industrial Engineering from Bandung Institute of Technology
(1990)
certification
• Qualification 7 Banking Risk Management Field issued by the Islamic
Finance Professional Certification Body with a validity period until October
30, 2027
training in 2024
• Details of the training attended throughout 2024 can be found in the Board
of Directors’ discussion in the Corporate Governance Report in this Annual
Report 2024
position history and legal basis
• Obtaining approval from the Financial Services Authority based on the
Decree of the Board of Commissioners of the Financial Services Authority
Number KEP-69/D-03/2017 dated August 22, 2017
• Effectively for the first time on August 22, 2017, in accordance with the
results of the Annual GMS on March 6, 2017.
• Latest reappointment was in accordance with the results of the Annual
GMS decision on April 12, 2023.
concurrent positions
• Has no concurrent positions
career history
• Head of Retail Banking & Wealth Management Risk HSBC Indonesia
(2011-2017)
• Head of Retail Credit Risk PT ANZ Panin Bank Indonesia (2010-2011)
• Country Head Risk and Head of Consumer Risk ABN Amro (2005-2010)
• Unsecured Risk Management Head PT Bank Danamon Tbk (2001-2005)
• Marketing Director PT Rahajasa Media Internet (1999-2001)
• Director of New Business GE Capital (1995-1999)
• Direct Sales Manager Citibank, NA (1990-1995)
affiliated relationship
• Has no affiliation with the Board of Directors, Board of Commissioners,
Sharia Supervisory Board and Controlling Shareholders
membership in associations/organizations
• Member of the Banking Compliance Director Communication Forum
• Member of the Indonesian Issuers Association
• Member of the Indonesian Corporate Secretary Association
PT Bank BTPN Syariah Tbk
89
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Dewi
Nuzulianti
director
Indonesian | Tangerang Selatan, Indonesia | 54 years old
education history
• Bachelor of Industrial Engineering from Bandung Institute of Technology
(1994)
certification
• Qualification 7 Banking Risk Management Field issued by the Islamic Finance
Professional Certification Body with a validity period until October 30, 2027
training in 2024
• Details of the training attended throughout 2024 can be found in the Board
of Directors’ discussion in the Corporate Governance Report in this Annual
Report 2024
position history and legal basis
• Obtained approval from the Financial Services Authority based on the
Decree of the Board of Commissioners of the Financial Services Authority
Number KEPR-2/D-03/2023 dated March 10, 2023
• Effective as of April 12, 2023, in accordance with the results of the Annual
GMS decision on April 12, 2023.
concurrent positions
• Has no concurrent positions
career history
• Financing Business Planning & Support Head PT Bank BTPN Syariah Tbk
(2021-2023)
• Business Planning & Assurance Head PT Bank BTPN Syariah Tbk (2017-2021)
• Alignment & Customer Experience Head PT Bank BTPN Syariah Tbk
(2015-2017)
• Human Capital Corporate & Business Partner Head PT Bank BTPN Syariah
Tbk (2014-2015)
• Human Capital Head for Retail Banking, Corporate, HC, Operations, IT &
Support Functions, and Operations & Services PT Bank BTPN Tbk
(2010-2014)
• Head for HR Operations & Information System dan Retail Banking Bank
Permata (2007-2009)
• Senior HR, RM for Shared Distribution PT Bank Permata Tbk (2005-2006)
• HR, Coordinator for Rewards and HR Relationship Management
PT Bank Permata Tbk (January to October 2005)
• Head of Rewards & Performance Management PT Bank Permata Tbk
(2003-2004)
• HR Integration Team Member – 5 Banks Merger Project PT Bank Permata
Tbk (August to December 2002)
• HR Department Head PT Bank Universal (2000-2002)
• HC Service Center Manager PT Bank Universal (1998-1999)
• HR Coordinator PT Bank Universal (1997-1998)
Tbk
• Operations Policy and Procedure PT Bank Universal (1996-1997)
Tbk
• Banker Development Program Trainee PT Bank Universal (1995-1996)
Syariah
Syariah
affiliated relationship
• Has no affiliation with the Board of Directors, Board of Commissioners,
BTPN
Sharia Supervisory Board and Controlling Shareholders
BTPN
Bank
membership in associations/organizations
Bank
• None
PTPT
90
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annual report 2024 | company profile
Fachmy
Achmad
director
Indonesian | Jakarta, Indonesia | 42 years old
education history
• Bachelor of Accounting from Padjadjaran University (2004)
certification
• Qualification 7 Banking Risk Management Field issued by the Islamic
Finance Professional Certification Body with a validity period until October
30, 2027
• Advanced Level Sharia Treasury Dealer by the Banking Professional
Certification Institute
• Public Accountant Certification by the Banking Professional Certification
Institute
training in 2024
• Details of the training attended throughout 2024 can be found in the Board
of Directors’ discussion in the Corporate Governance Report in this Annual
Report
position history and legal basis
• Obtained approval from the Financial Services Authority based on the
Decree of the Board of Commissioners of the Financial Services Authority
Number KEP-58/D-03/2020 dated May 27, 2020
• Effective for the first time on May 27, 2020 in accordance with the results of
the Annual GMS decision on April 16, 2020
• Latest reappointment in accordance with the Annual GMS on April 12, 2023
concurrent positions
• President Commissioner of PT BTPN Syariah Ventura
career history
• Head of Finance & Investor Relations PT Bank BTPN Syariah Tbk
(2017-2020)
• Senior Manager KAP Tanudiredja, Wibisana & Rekan (PwC Indonesia)
(2013-2017)
• Head of Finance Project & Performance Standard Chartered Indonesia
(2012-2013)
• Manager & Assistant Manager KAP Tanudiredja, Wibisana & Rekan
(PwC Indonesia) (2009-2012)
• Senior Associate PwC Sydney (July-September 2009)
• Senior Associate KAP Tanudiredja, Wibisana & Rekan/Partners
(PwC Indonesia) (2006-2009)
• Associate KAP Tanudiredja, Wibisana & Rekan/Partners (PwC Indonesia)
(2004-2006)
affiliated relationship
• Has no affiliation with the Board of Directors, Board of Commissioners,
Sharia Supervisory Board and Controlling Shareholders
PT Bank BTPN Syariah Tbk
membership in associations/organizations
• Member of the Indonesian Sharia Accounting Standards Board at the
Indonesian Institute of Accountants for the 2024-2028 term of office
91
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Dwiyono
Bayu Winantio
director
Indonesian | Tangerang Selatan, Indonesia | 61 years old
education history
• Bachelor of Economics from IMMI Jakarta Management College (2007)
certification
• Qualification 7 Banking Risk Management Field issued by the Islamic Finance
Professional Certification Body with a validity period until October 30, 2027
training in 2024
• Details of the training attended throughout 2024 can be found in the Board
of Directors’ discussion in the Corporate Governance Report in this Annual
Report 2024
position history and legal basis
• Obtained approval from the Financial Services Authority based on the
Decree of the Board of Commissioners of the Financial Services Authority
Number KEP-32/D-03/2021 dated February 26, 2021
• Effective for the first time on April 21, 2021 in accordance with the results of
the Annual GMS decision on April 21, 2021
• Latest reappointment in accordance with the Annual GMS on April 12, 2023
concurrent positions
• Has no concurrent positions
career history
• Chief of Financing Business PT Bank BTPN Syariah Tbk (2020-2021)
• Distribution Head Region 2 (East) PT Bank BTPN Syariah Tbk (2017-2020)
• Head of Business Development, Planning and Support Sales PT Bank
Tabungan Pensiunan Nasional Syariah Tbk (2014-2017)
• Head of Consumer Advocacy and Service Quality PT Bank UOB Indonesia
(2011-2014)
• Group Head Service Quality & Network Development PT Bank CIMB Niaga
Tbk (2009-2011)
• Division Head Service Quality & Assurance PT Bank CIMB Niaga Tbk
(2008-2009)
• Division Head Jakarta 1 Sales & Service Area PT Bank Niaga Tbk
(2007-2008)
• Division Head Jakarta Marketing Communication & Business Development
PT Bank Niaga Tbk (2004-2007)
• Service Quality Head PT Bank Niaga Tbk Head Office (2003-2004)
• Manager Service Quality Head Office PT Bank Niaga Tbk (2003)
• Head of Jakarta Individual Banking Service Quality Assurance and Network
Development Division PT Bank Niaga Tbk (2002-2003)
• Branch Manager PT Bank Niaga (1999-2002)
• Branch Operation Head PT Bank Niaga Jakarta Thamrin branch (1998-1999)
• Business Unit Manager PT Bank Niaga Jakarta Design Center branch
(February 1998)
Tbk
• Operations Officer PT Bank Niaga (1993-1998)
Syariah Tbk
Syariah
affiliated relationship
• Has no affiliation with the Board of Directors, Board of Commissioners,
Sharia Supervisory Board and Controlling Shareholders
BTPN
BTPN
membership in associations/organizations
Bank
• None
Bank
PTPT
92
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annual report 2024 | company profile
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PT Bank BTPN Syariah Tbk
93
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sharia
supervisory board
Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
H. Ikhwan Abidin, MA H. Muhamad Faiz, MA
PTPT
chairman of the sharia member of the sharia supervisory board
supervisory board
94
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annual report 2024 | company profile
H. Ikhwan
Abidin, MA
chairman of the sharia supervisory board
Indonesian | Bogor, Indonesia | 59 years old
education history
• Bachelor of Islamic Economics from International of Islamic Economics,
Islamabad, Pakistan (1992)
• Master of Islamic Economics from International of Islamic Economics,
Islamabad, Pakistan (1994)
• Master of Islamic Studies from Jamiah Islamiah, Faisalabad, Pakistan (1994)
certification
• Certification of the Sharia Supervisory Board of Financing Companies from
OJK and DSN MUI (2015)
training in 2024
• Details of the training attended throughout 2024 can be found in the Sharia
Supervisory Board training discussion in the Corporate Governance Report
in this Annual Report 2024
position history and legal basis
• Obtained approval from the Financial Services Authority based on Decree
Number SR-25/PB.13/2017 on June 13, 2017
• Effective for the first time on June 13, 2017 in accordance with the
Resolution of the Annual GMS on March 6, 2017
• Latest reappointment in accordance with the Annual GMS on April 12, 2023
concurrent positions
Financial Institutions
1. Chairman of the Sharia Supervisory Board of PT Radana Bhaskara Finance
Tbk (2013-present)
2. Chairman of the Sharia Supervisory Board of PT Bahana Artha Ventura
(2008-present)
3. Chairman of the Sharia Supervisory Board of PT Bank Syariah Bukopin
(2000-present)
4. Member of the Sharia Supervisory Board of PT Asanusa Asset Management
(2014-present)
Non-Financial Institutions
1. Postgraduate Lecturer at the Institute of Al-Quran Sciences (2007-present)
career history
• Expert Staff to the Directors of Sharia at the Indonesian Banking
Development Institute (2004-2008)
affiliated relationship
• Has no affiliation with the Board of Directors, Board of Commissioners,
Sharia Supervisory Board and Controlling Shareholders
PT Bank BTPN Syariah Tbk
95
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H. Muhamad
Faiz, MA
member of the sharia supervisory board
Indonesian | Bogor, Indonesia | 50 years old
education history
• Bachelor of Sharia from the Islamic University of Madinah (1997)
• Master Daarul Ulum from Cairo University (2013)
certification
• Sharia Banking Sharia Supervisory Board certification level II from DSN-MUI
(2013)
• Sharia Banking Sharia Supervisory Board certification level I from DSN-MUI
(2008)
training in 2024
• Details of the training attended throughout 2024 can be found in the Sharia
Supervisory Board training in the Corporate Governance Report in this
Annual Report
position history and legal basis
• Obtained approval from the Financial Services Authority based on Decree
Number SR-23/PB.13/2017 on May 2, 2017
• Effective for the first time on May 2, 2017 in accordance with the Annual
GMS Decision on March 6, 2017
• Latest reappointment in accordance with the Annual GMS on April 12, 2023
concurrent positions
Financial Institutions
1. Member of the Sharia Supervisory Board of Sharia Business Unit of
PT Bank Tabungan Negara (Persero) Tbk (2023-present)
2. Chairman of the Sharia Supervisory Board of PT IMFI Syariah
(2012-present)
Non-Financial Institutions
1. General Chairperson of the DKI Jakarta MUI (2023-2028)
2. PBNU Sharia Chief (2022-2027)
3. Member of the MUI DSN Plenary (2020-2025)
4. Deputy Chair of the Bahtsul Masail Institute at PBNU (2015-present)
5. Deputy Secretary of the MUI Fatwa Commission (2010-present)
6. Deputy Caretaker PP Darul Rohman (2008-present)
career history
• As per the information provided in the disclosure column of concurrent
positions (still active)
affiliated relationship
• Has no affiliation with the Board of Directors, Board of Commissioners,
Sharia Supervisory Board and Controlling Shareholders
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
96
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annual report 2024 | company profile
board of
commissioners committee
as of December 31, 2024
Composition of the Board of Commissioner’s
Committee
Risk Monitoring Audit Nomination and
Committee Committee Remuneration Committee
Chairman: Chairman: Chairman:
Dewie Pelitawati Mulya Effendi Siregar Kemal Azis Stamboel
(Independent Commissioner) (Independent Commissioner) (President Commissioner/
Members: Members: Independent)
1. Kemal Azis Stamboel 1. Tika Arundina Members:
(President Commissioner/ (Independent Party) 1. Dewie Pelitawati
Independent) 2. Rena Mutia Indriani (Independent
2. Mulya Effendi Siregar (Independent Party) Commissioner)
(Independent Commissioner) 2. Ongki Wanadjati Dana
3. Ongki Wanadjati Dana (Commissioner)
(Commissioner) 3. Ibnu Agung Mulyanto
4. Tika Arundina (Human Capital Head)
(Independent Party)
5. Rena Mutia Indriani
(Independent Party)
Complementing the membership of the Board of Commissioners Committee, Independent
Commissioners and members of the Sharia Supervisory Board act as Members of the Integrated
Governance Committee formed by SMBCI as the Holding Entity as part of fulfilling its supervisory
duties within the scope of the SMBC Financial Conglomerate in Indonesia.
Further explanation can be found in the Corporate Governance Report sub-chapter, the Board of
Commissioners Committee in this 2024 Annual Report.
PT Bank BTPN Syariah Tbk
97
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Tika
Arundina
independent party member
on the audit committee and risk monitoring committee
Indonesian | Jakarta, Indonesia | 40 years old
education history
• Bachelor of Economics from University of Indonesia (2007)
• Master of Science in Finance from International Islamic University of Malay-
sia (2010)
• Doctor in Islamic Banking & Finance from International Islamic University of
Malaysia (2014)
certification
• SMR Level 2 from the Banking Professional Certification Institute with a
validity period until March 20, 2025
• Capital Market Sharia Expert Certification (ASPM)
• Audit Committee Practices Certification from the Indonesian Audit
Committee Association
• Islamic Economic Trainer Certification from Akhwat University Pakistan
training in 2024
• Details of the training attended throughout 2024 can be found in the discus-
sion of the Board of Commissioners, Directors and Independent Parties in
the Corporate Governance Report in this 2024 Annual Report.
position history and legal basis
• Came effective for the first time on February 14, 2019
• Latest reappointment in accordance with the Circular Decision of the Board
of Commissioners No. 006/CIR/DEKOM/VII/2023 dated July 18, 2023
concurrent positions
• Director of Islamic Economics Study Program, Faculty of Economics and
Business, University of Indonesia (2018-present)
• Researcher and Trainer of the Center for Islamic Economics and Business
(PEBS) Faculty of Economics and Business, University of Indonesia
(2017-present)
• Lecturer of Islamic Economics Study Program, Faculty of Economics and
Business, University of Indonesia (2014-present)
career history
• Research Manager at the Center for Islamic Economics and Business (PEBS)
Faculty of Economics and Business, University of Indonesia (2016-2018)
• Lecturer at the International Islamic University Malaysia - Institute of
Islamic Banking & Finance (2011-2012)
• Researcher at the Kulliyyah of Economics and Management Science,
International Islamic University Malaysia (2008-2010 and 2011-2012)
• Researcher at the Demographic Institute, Faculty of Economics, University
of Indonesia (2010)
Tbk
affiliated relationship
Tbk
• Has no affiliation with the Board of Directors, Board of Commissioners,
Syariah
Sharia Supervisory Board and Controlling Shareholders
Bank
PTPT BTPN
Bank Syariah
BTPN
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annual report 2024 | company profile
Rena Mutia
Indriani
independent party member of the audit committee and
risk monitoring committee
Indonesian | South Tangerang, Indonesia | 60 years old
education history
• Bachelor of Economics from Jendral Soedirman University, Purwokerto
(1987)
certification
• SMR Level 4 from the Sharia Financial Professional Certification Institute
with a validity period until October 30, 2025
• Compliance Certification Level 2 from the Banking Professional Certification
Institute
• Audit Committee Practices Certification from the Indonesian Audit
Committee Association
training in 2024
• Details of the training attended throughout 2024 can be found in the
discussion of the Board of Commissioners, Directors and Independent
Parties in the Corporate Governance Report in this 2024 Annual Report.
position history and legal basis
• Effective for the first time on November 1, 2021
• Latest reappointment in accordance with Circular Decree of the Board of
Commissioners No.006/CIR/DEKOM/VII/2023 dated July 18, 2023
concurrent positions
• No concurrent positions
career history
• Head of Compliance Division PT Bank BTPN Syariah Tbk (2014-2021)
• Head of Operations and Services Division PT Bank BRI Syariah Tbk
(2008-2014)
• Head of Sharia Head Office Sharia Business Unit PT Bank Permata Tbk
(2006-2008)
• Head of Business Development & Sharia Network Sharia Business Unit
PT Bank Permata Tbk (2004-2006)
• Head of Policy, Procedure & System Development PT Bank Permata Tbk
(2002-2004)
• Head of Operation Compliance Division PT Bank Universal (1999-2002)
• PT Bank Universal Operation Policy (1996-1999)
• Head of PT Bank Dharmala Branch Operations Development Division
(1994-1996)
• Head of Sub-Branch Operations at PT Bank Dharmala (1992-1994)
• Head of Sub-Branch Operations PT United City Bank (1990-1992)
• Accounting Officer at PT United City Bank (1989-1990)
affiliated relationship
• Has no affiliation with the Board of Directors, Board of Commissioners,
PT Bank BTPN Syariah Tbk
Sharia Supervisory Board and Controlling Shareholders
99
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board of
management
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
Ibnu Agung Mulyanto Robertus J. Hadisurya Dharma Putera
Bank
PTPT
human capital head information technology head risk management head
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annual report 2024 | company profile
Ibnu Agung
Mulyanto*
human capital head
Indonesian | Jakarta, Indonesia | 51 years old
education history
• Bachelor of Economics (Summa Cum Laude) from Gadjah Mada University
(1997)
• Master of Management (Summa Cum Laude) from Prasetiya Mulya
Business School (2015)
certification
• SMR Level 1 from the Risk Management Certification Agency and SMR
Refreshment from the Risk Management Certification Agency
• HR General Manager Certification from the National Professional
Certification Agency (2017)
• Certified Administrator Myers Briggs Type Indicator – Australia Consulting
Psychology Press (1998)
roles & responsibilities
• Develop and develop Human Capital strategies and ensure the
implementation of HC functions in the areas of Resourcing, Learning &
Talent Management, Reward & Performance Management, Industrial &
Employee Relations, HC Business Partners and operational activities for
service to employees run effectively and efficiently in accordance with
company’s strategic direction
concurrent positions
• Treasurer of the Indonesian Banking Human Capital Forum
career history
• General Manager Human Resources PT Bank QNB Indonesia (2019-2021)
• Deputy of Human Resources Director PT Bank HSBC Indonesia (2017-2019)
• Head of Human Resources PT Bank Ekonomi Raharja Tbk (2011-2017)
• Country Head of Human Resources Royal Bank of Scotland Indonesia
Branch (2010-2011)
affiliated relationship
• Has no affiliation with the Board of Directors, Board of Commissioners,
Sharia Supervisory Board and Controlling Shareholders
*resigned from his position as human capital head effective January 1, 2025
PT Bank BTPN Syariah Tbk
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Robertus J.
Hadisurya
information technology head
Indonesian | Jakarta, Indonesia | 60 years old
education history
• Bachelor of Information Management from STMIK Bina Nusantara (1995)
certification
• Qualification 6 Banking Risk Management Field issued by the Islamic
Finance Professional Certification Body
roles & responsibilities
• Ensuring that IT strategies, products and solutions support the achievement
of the Bank’s strategies, both short and long term, and ensuring that
IT infrastructure supports the Bank’s operational processes to run in
accordance with established standards to increase user satisfaction and
support business processes as a whole.
concurrent positions
Does not have other concurrent positions other than BTPN Syariah
career history
• Head of Information Technology PT Great Eastern Life Indonesia (2020)
• Head of IT Service & Solution Delivery PT Commonwealth Life Indonesia
(2017-2020)
• Head of IT Service Delivery, Solution Delivery & Quality Management AXA
Services Indonesia (2011-2017)
• Head of Operation and IT Division PT Bank Sahabat Purba Danarta
(2008-2011)
• Head of IT Solutions PT Bank Commonwealth (2006-2007)
affiliated relationship
• Has no affiliation with the Board of Directors, Board of Commissioners,
Sharia Supervisory Board and Controlling Shareholders
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | company profile
Dharma
Putera
risk management head
Indonesian | South Tangerang, Indonesia | 46 years old
education history
• Bachelor of Aviation Engineering from Bandung Institute of Technology
(2002)
• Masters in Mechanical Engineering from Toyohashi University of Technology,
Japan
certification
• Qualification 6 Banking Risk Management Field issued by the Islamic Finance
Professional Certification Body
• Qualified Risk Management Professional issued by CRMS
roles & responsibilities
• Ensure the implementation of strong risk management governance
in accordance with applicable regulations, build a sustainable risk
management framework by strengthening the risk management process
which includes identification, measurement, monitoring, and control of risks
and ensure that existing internal controls are running effectively and submit
reports on the level of risk both internally and externally to the Bank
• Coordinate and socialize the entire Bank’s risk management process to
minimize the potential and impact of various types of risks faced by the
Bank to all relevant stakeholders
concurrent positions
• Commissioner in PT BTPN Syariah Ventura
career history
• Distribution Head (West Area) PT Bank BTPN Syariah Tbk (2017-2020)
• Financing Risk Head Head of PT Bank BTPN Syariah Tbk
(2014-December 2016)
• Strategic Development Unit Head of Citibank (2008-December 2013)
• Management Information System (MIS) Team Head of Citibank
(2006-2008)
• Management Associate Citibank (2005-2006)
affiliated relationship
• Has no affiliation with the Board of Directors, Board of Commissioners,
Sharia Supervisory Board and Controlling Shareholders
PT Bank BTPN Syariah Tbk
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executive
officer
executive
officer
More than just performing managerial duties, the Executive
Officers of BTPN Syariah have consciously chosen to become
#bankirpemberdaya, working hand in hand to empower
Indonesia’s inclusive communities.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | company profile
PT Bank BTPN Syariah Tbk
105
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annual report 2024 | company profile
PT Bank BTPN Syariah Tbk
105
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executive
officers
No Name Category Branch Office Join Date Education Position
Head July 7,
1 Dharma Putera - S2 RISK MANAGEMENT HEAD
Office 2014
Head INFORMATION
2 Robertus J. Hadisurya - July 15, 2020 S1
Office TECHNOLOGY HEAD
Head March 22,
3 Ibnu Agung Mulyanto - S2 HUMAN CAPITAL HEAD
Office 2021
Head August 1, CHIEF OF FINANCING
4 Roy Iskandar - S1
Office 2024 DISTRIBUTION
Head July 13,
5 Firmansyah - S1 DISTRIBUTION HEAD 1
Office 2020
Head January 2,
6 Ali Andi Leon Arkantoro - S1 DISTRIBUTION HEAD 2.1
Office 2013
Head February 19,
7 Rimawan - S1 DISTRIBUTION HEAD 2.2
Office 2024
Head October 1,
8 Saenah Farida - S1 DISTRIBUTION HEAD 3
Office 2014
Head January 5,
9 Vicky Agus Setiawan - S1 DISTRIBUTION HEAD 4
Office 2009
Head July 9,
10 Andi Setio - S1 DISTRIBUTION HEAD 5
Office 2008
Head February 8, CORPORATE & MARKETING
11 Ainul Yaqin - S1
Office 2010 COMMUNICATION HEAD
FUNDING & NEW
Head January 2,
12 Dwi Prasetya, St. - S1 BUSINESS PLANNING &
Office 2020
SUPPORT HEAD
Head June 7,
13 Fauzan Rizani - S1 COMPLIANCE HEAD
Office 2021
Yunita Cahaya Haerani, Head December 3, CORPORATE SECRETARY &
14 - S2
SH.H.Hum Office 2013 GENERAL COUNSEL HEAD
Head June 30, FINANCIAL CONTROL &
15 Andrew Adhitia - S1
Office 2014 ANALYTIC HEAD
Head October 26, CORPORATE INFORMATION
16 Her Purwoko - S1
Office 2011 SECURITY HEAD
Head February 6,
17 Gatot Prasetyo - S2 INTERNAL AUDIT HEAD
Office 2017
FINANCING BUSINESS
Head July 1,
Tbk
18 Hendrianto - S2 PLANNING & SUPPORT
Office 2008
Tbk
HEAD
Syariah
Syariah
Head August 11, TREASURY & FINANCIAL
19 Antonius B. Priyadi - S2
Office 2014 INSTITUTION HEAD
BTPN
BTPN
Head March 12, QA FUNDING &
20 Mila Anita - S1
Office 2012 OPERATIONS HEAD
Bank
Bank
Head May 18, OPERATION
21 Sinarwati Murtiningsih - S1
Office 2015 DEVELOPMENT HEAD
PTPT
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annual report 2024 | company profile
No Name Category Branch Office Join Date Education Position
Head February 1, TRANSACTION SERVICES
22 Muhammad Affendie - S1
Office 2018 HEAD
Head September 1, CORPORATE SERVICES
23 Herjandi - S1
Office 2019 HEAD
Head March 15, MITRA TEPAT & PROJECT
24 Hanan Yulianto - S2
Office 2016 IMPLEMENTATION HEAD
Head March 3, FINANCING BUSINESS RISK
25 Mohamad Rizal - S1
Office 2008 HEAD
Head June 2, BUSINESS DEVELOPMENT
26 Erikal Mirtha - S1
Office 2020 HEAD
Head March 2, RETAIL FUNDING SALES
27 Mahdayanti - D3
Office 2009 HEAD
Head February 27, WHOLESALE & PUBLIC
28 Ita Rachmidjati - S1
Office 2017 SECTOR HEAD
Branch KCS May 1, BRANCH MANAGER
29 Dewi Susilowati S1
Head SEMARANG 1 2012 SEMARANG
Branch KCS April 8, BRANCH MANAGER BANDA
30 Dian Adila Putra S1
Head BANDA ACEH 2019 ACEH
Branch KCS August 1,
31 Diana Mauludiah S1 BRANCH MANAGER BALI
Head DENPASAR 2017
Branch KCS March 16, BRANCH OPERATION
32 Dudi Waluyo S1
Head KUPANG 2015 MANAGER - KCS KUPANG
Branch KCS August 5,
33 Fransisca Therischova S1 BRANCH MANAGER KADIN
Head MENARA KADIN 2014
Branch KCS March 1, BRANCH MANAGER
34 Hadi Susilo S1
Head LAMPUNG 2019 LAMPUNG
Branch KCS October 30, BRANCH MANAGER
35 Ninik Izati S1
Head JAKARTA 2015 PONDOK INDAH
Branch KCS November BRANCH MANAGER
36 Noor Ikhsan Syuhada S1
Head MAKASSAR 13, 2019 MAKASSAR
Branch KCS June 30, BRANCH MANAGER
37 Rika Tri Octavia S1
Head PALEMBANG 2017 PALEMBANG
Branch KCS August 14, BRANCH MANAGER
38 Sri Keumala S1
Head MEDAN 2014 MEDAN
Branch KCS December BRANCH MANAGER
39 Taufiq Akbar S1
Head SURABAYA 20, 2023 SURABAYA
Branch KCS January 28, BRANCH MANAGER
40 Titied Desdya S1
PT Bank BTPN Syariah Tbk
Head PADANG 2019 PADANG
Branch KCS March 5, BRANCH MANAGER
41 Vitri S1
Head BANJARMASIN 2018 BANJARMASIN
Branch KCS February 14, BRANCH MANAGER
42 Widhy Gustiana Sapari S1
Head BANDUNG 2022 BANDUNG
Branch KCS DI March 1, BRANCH MANAGER DI
43 Yosephan Ramadian S1
Head YOGYAKARTA 2022 YOGYAKARTA
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employee
data
as of December 31, 2024
number and composition of employees by gender
(company, permanent employees, contract employees)
2024 2023 2022
Gender
(people) (people) (people)
Male 625 673 671
Female 13,800 13,637 12,110
Total 14,425 14,310 12,781
number and composition of employees by job levels
(company, permanent employees, contract employees)
2024 2023 2022
Job Level
(people) (people) (people)
Staff (below Grade 7) 12,392 12,291 10,888
Officer/Supervisor (Grade 8-9) 1,252 1,266 1,209
Manager (Grade 10-13) 585 556 502
Senior Manager (Grade 14-15) 134 133 115
Top Management (16-18) 46 48 49
Board of Management 3 3 5
Management 13 13 13
Total 14,425 14,310 12,781
number and composition of employees by age
(company, permanent employees, contract employees)
2024 2023 2022
Age
(people) (people) (people)
< 25 years 6,636 7,068 5,441
25-29 years 4,385 4,455 4,599
30-34 years 2,037 1,708 1,756
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | company profile
number and composition of employees by age
(company, permanent employees, contract employees)
2024 2023 2022
Age
(people) (people) (people)
35-39 years 843 652 582
40-44 years 287 224 216
45-49 years 125 113 102
50-54 years 94 69 62
55-59 years 12 15 19
> 59 years 6 6 4
Total 14,425 14,310 12,781
number and composition of employees by educational levels
(company, permanent employees, contract employees)
2024 2023 2022
Educational Level
(people) (people) (people)
Post Graduate (S2 and S3) 86 85 82
Undergraduate 5,787 5,899 5,689
Diploma 969 1,057 1,045
High School and Equivalent 7,583 7,269 5,965
Total 14,425 14,310 12,781
number and composition of employees by employment status
(company, permanent employees, contract employees)
2024 2023 2022
Tingkat Pendidikan
(people) (people) (people)
Permanent Employee 3,320 3,612 3,896
Contract Employee 11,105 10,698 8,885
Total 14,425 14,310 12,781
PT Bank BTPN Syariah Tbk
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shareholders
composition and profile
PT BTPN Syariah Tbk shareholders composition
as of December 31, 2024
ownership structure
PT Bank SMBC Indonesia Tbk 70%
total shares : 5,392,590,000
total nominal shares : IDR 539,259,000,000
0.003%
Publik 29.997%
total shares : 2,310,867,000
total nominal shares : IDR 231,086,700,000
70%
Saham Treasuri 0.003%
total shares : 243,000
29.997% total nominal shares : IDR 24,300,000
total shares : 7,703,700,000
total nominal shares : IDR 770,370,000,000
authorized capital, issued capital and paid-in capital
authorized capital IDR 2,750,000,000,000, -
(Two Trillion Seven Hundred and Fifty Billion Rupiah)
issued and fully paid-in IDR 770,370,000,000, -
capital (Seven Hundred and Seventy Billion Three Hundred Seventy Million
Rupiah)
total shares 7,703,700,000 per share
share nominal value IDR 100, - per share
Tbk
controlling shareholder ultimate controlling shareholder
Syariah Tbk
Syariah
name PT Bank SMBC Indonesia Tbk name Sumitomo Mitsui Financial Group
BTPN
(through Sumimoto Mitsui
BTPN
Banking Corporation)
PTPT Bank
Bank
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annual report 2024 | company profile
profile
SMBCI
PT Bank SMBC Indonesia Tbk (SMBCI) - formerly PT Bank BTPN Tbk (Bank BTPN) - was established in
1958 in Bandung, West Java, under the name Bank Pegawai Pensiunan Militer (Bapemil). The bank later
transformed into PT Bank Tabungan Pensiunan Nasional in 1985.
Bank BTPN continued its growth in 2013 by acquiring PT Bank Sahabat Purba Danarta (Bank Sahabat),
which later became its subsidiary, PT Bank BTPN Syariah, in 2014.
On February 1, 2019, Bank BTPN merged with PT Bank Sumitomo Mitsui Indonesia (BSMI). The spirit
of transformation continued in 2024, marking two major milestones, the acquisition of OTO Group, a
company providing two-wheel and four-wheel financing in Indonesia, the brand transformation from
Bank BTPN to SMBC Indonesia.
For more information, visit www.smbci.com.
ownership
structure
as of December 31, 2024
Sumitomo Mitsui Financial
Group (SMFG)
100%
Public Sumitomo Mitsui Banking
BNI BCA
(<5%) Corporation (SMBC)
7.81% 91.05% 0.11% 1.03%
PT Bank SMBC Indonesia Tbk
1.00% 70.00% 51.00% 51.00%
PT Bank BTPN PT OTO MULTIARTHA PT Summit
Syariah Tbk OTO Finance
99.00%
PT BTPN Syariah
Ventura Tbk
PT Bank BTPN Syariah Tbk
Sumitomo Mitsui Financial Group
ultimate controlling shareholder
(through Sumimoto Mitsui Banking Corporation)
controlling shareholders PT Bank SMBC Indonesia Tbk (70.00%)
non-PSP shareholders through
Nil
the capital market (≥5%)
non-PSP shareholders through
Nil
the non-capital market (≥5%)
111
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information related
to the ultimate controlling shareholder
sumitomo mitsui financial group
Sumitomo Mitsui Financial Group, Inc. (SMFG) was established on December 2, 2002 and is the Parent
Company of Sumitomo Mitsui Banking Corporation (SMBC), the Ultimate Controlling Shareholder
of BTPN Syariah. The shares of SMFG are listed in Tokyo Stock Exchange (First Section) and Nagoya
Stock Exchange (First Section). The mission of SMFG is to grow and prosper with the customers
by providing services that generate greater value for the customers, to maximize shareholders
value through sustainable business growth, and to create a work environment that encourages and
appreciates highly dedicated and motivated employees.
Having its headquarter in Tokyo, Japan, SMFG operates through the management of its banking
subsidiaries and other companies that are categorized as subsidiaries according to the Japanese
Banking Law, and perform the ancillary functions, and other functions of a bank holding company
under the provisions of the Japanese Banking Laws. The companies in the SMFG Group mostly operate
in commercial banking that provides financial services such as: leasing, securities, consumer financing,
finance, data development system processing, and asset management.
For more information, visit www.smfg.co.jp
sumitomo mitsui banking corporation
Sumitomo Mitsui Banking Corporation (SMBC) was established on April 2001 through the merger
of two leading banks, The Sakura Bank, Limited and The Sumitomo Bank, Limited. Sumitomo Mitsui
Financial Group, inc. was established on December 2002 as the Bank’s Parent Company through share
transfer and SMBC was a subsidiary that was solely owned by SMFG. On March 2023, SMBC merged
with The Wakashio Bank, Ltd.
Having its Headquarters in Tokyo, Japan, today SMBC is one of the largest banks in Japan with
business network spread across several regions in the world, such as Australia, Europe, Canada, Brazil,
and Indonesia. SMBC and its Group of Companies offer several financial services that are centralized
around banking. SMBC operates banking businesses in 16 countries other than the country of origin,
Japan. They also operate other businesses such as leasing, securities, credit card, investment, mortgage
securitization, venture capital, and other related credit businesses.
In Indonesia, SMBC also has several other subsidiaries, namely PT Sumitomo Mitsui Finance and
Leasing Indonesia, PT Ina Sekuritas Indonesia, PT SBCS Indonesia, and PT Bank SMBC IndonesiaTbk.
For more information, visit www.smbc.co.jp
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | company profile
20 largest
shareholders composition
position December 31, 2024
total shares ownership
no shareholder
(shares) percentage (%)
1 PT BANK SMBC INDONESIA TBK 5,392,590,000 70.00000%
2 NTC-CIM INVESTMENT FUND ICAV 300,000,000 3.89423%
3 CITIBANK NEW YORK S/A GOVERNMENT OF NORWAY - 16 224,300,000 2.91159%
BNYM RE BNYMLB RE EMPLOYEES PROVIDENTFD
4 56,589,100 0.73457%
BOARD-2039927326
5 AMIN 49,206,900 0.63874%
6 PT. AMB FINANSIAL INDONESIA 40,000,000 0.51923%
BP2S LUXEMBOURG S/A UBAM - POSITIVE IMPACT EMERGING
7 35,038,500 0.45483%
EQUITY
8 BBH LUXEMBOURG S/A FIDELITY FUNDS, SICAV-INDONESIA FD 34,276,200 0.44493%
JPMCB NA RE - VANGUARD EMERGING MARKETS STOCK INDEX
9 31,867,700 0.41367%
FUND
JPMCB NA RE-VANGUARD TOTAL INTERNATIONAL STOCK INDEX
10 30,478,557 0.39564%
FUND
11 CACEIS BANK, LUXEMBOURG BRANCH/ NEF 25,424,000 0.33002%
12 MANULIFE DANA EKUITAS 17,469,200 0.22676%
13 CITIBANK EUROPE PLC LUX BRANCH S/A PERINVEST LUX SICAV 16,000,000 0.20769%
JPMCB NA RE-VANGUARD FIDUCIARY TRUST COMPANY
14 15,721,911 0.20408%
INSTITUTIONAL TOTAL INTERNATIONAL STOCK MARKET IT II
CITIBANK NEW YORK S/A EMERGING MARKETS CORE EQUITY
15 14,839,500 0.19263%
PORTFOLIO OF DFA INVESTMENT DIMENSIONS GROUP INC
16 JOHNNY SUTANTO 13,150,000 0.17070%
17 PT TASPEN (ASURANSI) - AFS 10,784,200 0.13999%
18 GILBERT 10,600,000 0.13760%
19 JOHAN SUNDJOTO 10,404,400 0.13506%
20 PT SURYA ANUGRAH MULYA 10,000,000 0.12981%
PT Bank BTPN Syariah Tbk
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composition of shareholders and
percentage of ownership by classification
as of December 31, 2024
total total shares ownership
no ownership status
shareholders (shares) percentage (%)
1 Indonesian individuals 34,303 1,260,842,783 16.36672
2 Cooperatives 2 108,500 0.00141
3 Foundations 2 200 0.00000
4 Pension Funds 19 22,774,200 0.29563
5 Insurance 13 22,269,500 0.28908
6 Bank 5 5,394,923,000 70.03028
7 Limited Liabilities Companies 77 60,421,824 0.78432
8 Mutual Funds 29 26,912,500 0.34935
9 Foreign Individuals 32 2,000,500 0.02597
10 Foreign Companies 107 913,446,993 11.85725
Total 34,589 7,703,700,000 100.00000
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | company profile
disclosure of share ownership of
Board of Commissioners, the Sharia Supervisory
Board, and the Board of Directors of BTPN Syariah
In compliance with the Financial Services Authority Regulation (POJK) Number 4 of 2024
concerning Reports on Ownership or Any Changes in Share Ownership of Public Companies, juncto
POJK Number 2 of 2024 concerning the Implementation of Sharia Governance for Sharia Commercial
Banks and Sharia Business Units, the following presents the share ownership composition of BTPN
Syariah by the Board of Commissioners, Sharia Supervisory Board, and Board of Directors as of
December 31, 2024, as follows:
total percentage
no shareholders BTPN Syariah of ownership
(shares) (%)
Board of Commissioners
1 Kemal Azis Stamboel Nil 0
2 Mulya Effendi Siregar Nil 0
3 Dewie Pelitawati Nil 0
4 Ongki Wanadjati Dana Nil 0
Sharia Supervisory Board
1 H. Ikhwan Abidin, MA Nil 0
2 H. Muhamad Faiz, MA Nil 0
Board of Directors
1 Hadi Wibowo 193,200 0.00251*
2 Arief Ismail 244,900 0.00318*
3 Fachmy Achmad 101,700 0.00132*
4 Dwiyono Bayu Winantio 100,400 0.00130*
5 Dewi Nuzulianti Nil 0
Note:
*represents direct ownership of the receipt of variable remuneration
PT Bank BTPN Syariah Tbk
115
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policy concerning disclosure of BTPN Syariah shares ownership
of the Board of Commissioners, the Sharia
Supervisory Board, and the Board of Directors
BTPN Syariah regulates the obligation to disclose any ownership or changes in ownership of shares in
BTPN Syariah by the Board of Commissioners, Sharia Supervisory Board, and the Board of Directors in
the Corporate Governance Policy and the Guidelines and Code of Conduct for the Board of Directors
and Board of Commissioners.
The implementation of BTPN Syariah Shares Ownership Disclosure has been periodically reported
to the public as part of the Bank’s information transparency through the Monthly Registration of
Securities Holders Report and other incidental reports regarding the share ownership or every time
there is a change in the Bank’s share ownership.
The Corporate Governance Policy, the Guidelines and Code of Conduct for the Board of Directors and
Board of Commissioners, and the Information Disclosure on the Securities Holders Registration Report
can be accessed on the BTPN Syariah website.
No member of the Board of Commissioners, Sharia Supervisory Board, and Board of Directors own any
share in the SMBC business group.
There is a share ownership of PT Bank SMBC Indonesia Tbk Tbk shares by member of the Board of
Commissioners who was a representative of the controlling shareholders, related to the earning while
having the role of a Material Risk Takers with ownership under 0.01%.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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chronology
of share listing
initial public offering of BTPN Syariah shares in 2018
One of the Bank’s strategic priorities in 2018 was the implementation of an Initial Public Offering
(IPO), preceded by an increase in Authorized Capital aimed to create enough room to issue new shares
in the future. This Initial Public Offering of BTPN Syariah Shares was in line with the Company’s Vision
and Mission to open financial access, while empowering inclusive communities and providing growth
opportunities for millions of Indonesian people to achieve a better life. The Bank aimed to open up
opportunities for change, become more able to adapt to progress, and become more transparent by
inviting the public to get involved in developing the Indonesian economy.
The decision to conduct an Initial Public Offering of Shares was in accordance with the Resolution of
the Extraordinary General Meeting of Shareholders dated November 16, 2017 as outlined in the Deed
of Statement of Shareholders Resolution on Amendments to the Articles of Association of PT Bank
Tabungan Pensiunan Nasional Syariah 2017 (currently named PT Bank BTPN Syariah Tbk) Number 57
dated November 16, 2017.
initial public offerings of shares milestones in 2018
description
Total Shares 7,703,700,000 shares
Founders Shares 6,933,330,000 shares
Public Offering 770,370,000 shares
Shares Nominal Value IDR 100 per shares
Initial Public Offering Price IDR 975 per shares
Share Registration Board Main Board
Share Listing Date May 8, 2018
Share Trading Commencement Date May 8, 2018
Name of Stock Exchange Indonesia Stock Exchange
Trading Code BTPS
Share Price at the Close of Trading as of December 31, 2024 IDR 925
PT Bank BTPN Syariah Tbk
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buyback of BTPN Syariah shares in 2019
BTPN Syariah is committed to contributing through the Implementation of Governance in Providing
Remuneration for Sharia Commercial Banks in accordance with Financial Services Authority Regulation
No. 59/POJK.03/2017 and in line with the implementation of Basel II regarding Market Discipline
in disclosing transparency to the public and market players, especially regarding remuneration to
encourage discipline so that stakeholders can provide reasonable assessments while maintaining
competitive advantage.
Guided by the laws and regulations in force in the Republic of Indonesia, including Law No. 40 of
2007 concerning Limited Liability Companies (UUPT), which has now been partly amended by Law
Number 6 of 2023 concerning Stipulation of Government Regulations in Lieu of Law Number 2 of 2022
concerning Job Creation Becoming a Law and Regulation of the Financial Services Authority (POJK)
No. 30/POJK.04/2017 concerning the Buyback of Shares issued by a public company, BTPN Syariah
has received approval from Shareholders to carry out a Buyback of Bank Shares in the context of
providing variable remuneration to the Board of Directors for the Bank’s performance, by referring to
the Statement of Decision of the Extraordinary General Meeting of Shareholders of PT Bank Tabungan
Pensiunan Nasional Syariah Tbk (currently named PT Bank BTPN Syariah Tbk) Number 02 dated
September 2, 2019.
The implementation of the BTPN Syariah share buyback was completed on October 23, 2019 totaling
2,500,000 (two million five hundred thousand) shares with an average price of Rp3,905.20. The total
cost of share buyback was Rp9,763 million. Regarding the implementation of this share buyback, BTPN
Syariah has submitted a share buyback Implementation Report to the Authority via letter No. S.360/
DIR/CSL/XII/2019 dated December 6, 2019 and has made Information Disclosure on the BTPN Syariah
website and the Indonesian Stock Exchange website, which is integrated with the Financial Services
Authority (OJK) website.
initial public offerings of shares milestones in 2019
description date
Submission of the Implementation Plan and Notification of the Extraordinary GMS Agenda
July 17, 2019
to the Financial Services Authority (OJK)
Announcement of Plans to Hold an Extraordinary GMS Together with Information Disclosure
July 25, 2019
regarding Share Buybacks
Invitation to the Extraordinary GMS August 9, 2019
Implementation of the Extraordinary GMS September 2, 2019
Resume of Extraordinary GMS Minutes in Newspapers and Website September 4, 2019
Implementation of Share Buyback October 23, 2019
Submission of Share Buyback Implementation Results Report
December 6, 2019
(December reporting period)
The 2,500,000 shares resulting from the buyback have been recorded as shares in the Bank’s Treasury.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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transfer of a portion of BTPN Syariah treasury shares
The implementation of the transfer of Treasury shares in BTPN Syariah has received approval from
the Board of Commissioners as a result of the decision of the Extraordinary General Meeting of
Shareholders dated September 2, 2019 that the implementation of variable remuneration payments
must be with written approval from the Board of Commissioners. The transfer of Treasury shares in
BTPN Syariah resulting from the purchase in 2019 has been carried out 4 (four) times with the following
details:
1. first transfer
Distribution Date : January 25, 2021
Total Shares Transferred : 402,800 (Four Hundred Two Thousand and Eight Hundred) shares
Remaining Treasury Share : 2,097,200 (Two Million Ninety-Seven Thousand Two Hundred) shares
Reporting Date : January 26, 2021
first transfer of treasury shares milestones
description date
Recommendations from the Nomination and Remuneration Committee for implementing a
variable remuneration program in the form of share distribution to the Board of Directors in January 4, 2021
accordance with Circular Decree No. 001/CIR/KNR/I/2021
Approval of the Board of Commissioners for the implementation of a variable remuneration
program in the form of distribution of shares to the Board of Directors in accordance
January 4, 2021
with Circular Decree of the Board of Commissioners of BTPN Syariah No. 001/CIR/
DEKOM/I/2021
Submission of the Implementation Plan for the Distribution of a portion of Treasury Shares
in order to provide them to the Board of Directors via Letter to the Financial Services January 8, 2021
Authority No. S.008/DIR/CSGC/I/2021
Disclosure of Information regarding the Plan to Transfer a portion of Treasury Shares January 8, 2021
Submission of Additional Information regarding the Implementation of the Distribution of
a portion of Treasury Shares in the context of providing Variable Remuneration by BTPN January 19, 2021
Syariah
Share Placement January 25, 2021
Disclosure of Information regarding the Implementation of the Transfer of a portion of
January 25, 2021
Treasury Shares
Information Disclosure Report regarding the Realization of the Transfer of a portion of
January 25, 2021
Treasury Shares to the Regulator through Directors’ Letter No. S.028/DIR/CSGC/I/2021
Report on Ownership or Changes in Share Ownership of Members of the Board of Directors
January 26, 2021
to the Regulator via Board of Directors’ Letter No. S.027/DIR/CSGC/I/2021
Announcement at the 2021 Annual General Meeting of Shareholders regarding the Report
on the Realization of the Transfer of Part of the Number of Shares Resulting from the April 21, 2021
Buyback
PT Bank BTPN Syariah Tbk
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BTPN Syariah shareholders composition (as of december 31, 2021)
total share ownership
(prior to share
(post share buyback) (after the first transfer
buyback) as of
shareholders as of of treasury shares)
as of december 31, 2021
december 31, 2019 as of january 31, 2021
november 30, 2019
Shares % Shares % Shares % Shares %
PT Bank
5,392,590,000 70 5,392,590,000 70 5,392,590,000 70 5,392,590,000 70
BTPN Tbk*
Public 2,311,110,000 30 2,308,610,000 29.97 2,309,012,800 29.97 2,309,012,800 29.97
Treasury
- - 2,500,000 0.03 2,097,200 0.03 2,097,200 0.03
Shares
Total 7,703,700,000 100 7,703,700,000 100 7,703,700,000 100 7,703,700,000 100
* currently named PT Bank SMBC Indonesia Tbk
2. second transfer
Distribution Date : January 25, 2022
Total Shares Transferred : 829,200 (Eight Hundred Twenty-Nine Thousand and Two Hundred)
shares
Remaining Treasury Shares : 1,268,000 (One Million Two Hundred and Sixty-Eight Thousand)
shares
Reporting Date : January 26, 2022
secondary transfer of treasury shares milestones
description date
Recommendations of the Nomination and Remuneration Committee for implementing a
variable remuneration program in the form of share distribution to the Board of Directors in December 16, 2021
accordance with the Minutes of Committee Meeting No. 004/RNC/XII/2021
Approval of the Board of Commissioners for the implementation of a variable remuneration
program in the form of distribution of shares to the Board of Directors in accordance with
December 16, 2021
the Minutes of Meeting of the Board of Commissioners of BTPN Syariah No. MOM.013/
KOM/CSGC/XII/2021
Submission of the Implementation Plan for the Distribution of a portion of Treasury Shares
in the context of providing Variable Remuneration to the Board of Directors via Letter to the January 10, 2022
Financial Services Authority No. S.008/DIR/CSGC/I/2022
Disclosure of Information regarding the Plan to Transfer a portion of Treasury Shares January 10, 2022
Share Placement January 25, 2022
Disclosure of Information regarding the Implementation of the Transfer of a portion of
January 25, 2022
Treasury Shares
Information Disclosure Report regarding the Realization of the Transfer of a portion of
Treasury Shares to the Regulator through the Board of Directors Letter Number S,031/DIR/ January 26, 2022
Tbk
Tbk
CSGC/I/2022
Syariah
Syariah
Report on Ownership or Changes in Share Ownership of Members of the Board of Directors
January 26, 2022
to the Regulator via the Board of Directors Letter No. S.030/DIR/CSGC/I/2022
BTPN
Announcement at the 2022 Annual General Meeting of Shareholders regarding the Report on
BTPN
April 21, 2022
the Realization of the Transfer of Part of the Number of Shares Resulting from the Buyback
PTPT Bank
Bank
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BTPN Syariah shareholders composition (as of december 31, 2022)
total share ownership
(after the second transfer of
as of as of
shareholders treasury shares)
december 31, 2021 december 31, 2022
as of january 25, 2022
shares % shares % shares %
PT Bank BTPN Tbk* 5,392,590,000 70 5,392,590,000 70 5,392,590,000 70
Public 2,309,012,800 29.97 2,309,842,000 29.98 2,309,842,000 29.98
Treasury Shares 2,097,200 0.03 1,268,000 0.02 1,268,000 0.02
Total 7,703,700,000 100 7,703,700,000 100 7,703,700,000 100
* currently named PT Bank SMBC Indonesia Tbk
3. third transfer
Distribution Date : January 25, 2023
Total Shares Transferred : 651,900 (Six Hundred Fifty-One Thousand Nine Hundred) shares
Remaining Treasury Shares : 616,100 (Six Hundred Sixteen Thousand and One Hundred) share
Reporting Date : January 26, 2023
third transfer of treasury shares milestones
description date
Recommendations of the Nomination and Remuneration Committee for implementing a
variable remuneration program in the form of share distribution to the Board of Directors in November 11, 2022
accordance with the Minutes of Committee Meeting No. M.006/RNC/XI/2022
Approval of the Board of Commissioners for the implementation of a variable remuneration
program in the form of distribution of shares to the Board of Directors in accordance with
November 11, 2022
the Minutes of Meeting of the Board of Commissioners of BTPN Syariah
No. MOM.012/KOM/CSGC/XI/2022
Submission of the Implementation Plan for the Distribution of a portion of Treasury Shares
in thecontext of providing Variable Remuneration to the Board of Directors via Letter to the January 10, 2023
FinancialServices Authority No. S.006/DIR/CSGC/I/2023
Disclosure of Information regarding the Plan to Transfer a portion of Treasury Shares January 10, 2023
Share Placement January 25, 2023
Disclosure of Information regarding the Implementation of the Transfer of a portion of
January 25, 2023
Treasury Shares
Information Disclosure Report regarding the Realization of the Transfer of a portion of
Treasury Shares to the Regulator through Board of Directors’ Letter January 26, 2023
No. S.034/DIR/CSGC/I/2023
Report on Ownership or Changes in Share Ownership of Members of the Board of Directors
to the Regulator via Board of Directors Letter No. S.035/DIR/CSGC/I/2023 to January 26, 2023
No. S.039/DIR/CSGC/I/2023
PT Bank BTPN Syariah Tbk
Announcement at the 2023 Annual General Meeting of Shareholders regarding the Report
on the Realization of the Transfer of Part of the Number of Shares Resulting from the April 12, 2023
Buyback
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Share Ownership Composition in BTPN Syariah (as of December 31, 2023)
Total Share Ownership
(after the third transfer of
as of as of
shareholders treasury shares)
december 31, 2022 december 31, 2023
as of january 25, 2023
shares % shares % shares %
PT Bank BTPN Tbk* 5,392,590,000 70 5,392,590,000 70 5,392,590,000 70
Public 2,309,842,000 29.98 2,310,493,900 29.99 2,310,493,900 29.99
Treasury Shares 1,268,000 0.02 616,100 0.01 616,100 0.01
Total 7,703,700,000 100 7,703,700,000 100 7,703,700,000 100
*currently named PT Bank SMBC Indonesia Tbk
4. fourth transfer
Distribution Date : January 25, 2024
Total Shares Transferred : 373,100 (Three Hundred Seventy-Three Thousand and One Hundred)
shares
Remaining Treasury Shares : 243,000 (Two Hundred and Forty-Three Thousand) shares
Reporting Date : January 26, 2024
fourth transfer of treasury shares milestone
description date
Recommendations of the Nomination and Remuneration Committee for implementing a
variable remuneration program in the form of share distribution to the Board of Directors in October 12, 2023
accordance with the Minutes of Committee Meeting No. M.003/RNC/X/2023
Approval of the Board of Commissioners for the implementation of a variable remuneration
program in the form of distribution of shares to the Board of Directors in accordance with
October 12, 2023
the Minutes of Meeting of the Board of Commissioners of BTPN Syariah
No. MOM.011/KOM/CSGC/X/2023
Submission of the Implementation Plan for the Distribution of a portion of Treasury Shares
in the context of providing Variable Remuneration to the Board of Directors via Letter to the January 10, 2024
Financial Services Authority No. S.009/DIR/CSGC/I/2024
Disclosure of Information regarding the Plan to Transfer a portion of Treasury Shares January 10, 2024
Share Placement January 25, 2024
Disclosure of Information regarding the Implementation of the Transfer of a portion of
January 25, 2024
Treasury Shares
Information Disclosure Report regarding the Realization of the Transfer of a portion of
Treasury Shares to the Regulator through Board of Directors’ Letter January 26, 2024
No. S.034/DIR/CSGC/I/2024
Report on Ownership or Changes in Share Ownership of Members of the Board of Directors
Tbk
to the Regulator via Board of Directors Letter No. S.035/DIR/CSGC/I/2024 to January 26, 2024
Tbk
No. S.038/DIR/CSGC/I/2024
Syariah
Syariah
Announcement at the 2023 Annual General Meeting of Shareholders regarding the Report on
March 20, 2024
the Realization of the Transfer of Part of the Number of Shares Resulting from the Buyback
PTPT Bank
Bank BTPN
BTPN
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share ownership composition in BTPN Syariah (as of December 31, 2024)
Total Share Ownership
(after the fourth transfer of
as of as of
shareholders treasury shares )
december 31, 2023 december 31, 2024
as of January 25, 2024
shares % shares % shares %
PT Bank BTPN Tbk* 5.392.590.000 70 5.392.590.000 70 5.392.590.000 70
Public 2.310.493.900 29,992 2.310.867.000 29,997 2.310.867.000 29,997
Treasury Shares 616.100 0,008 243.000 0,003 243.000 0,003
Jumlah 7.703.700.000 100 7.703.700.000 100 7.703.700.000 100
*currently named PT Bank SMBC Indonesia Tbk
dividend distribution at BTPN Syariah
initial cash dividend distribution
In fulfillment of commitments in line with the 2018 Initial Public Offering Prospectus, BTPN Syariah has
paid initial cash dividends to Shareholders in 2020 based on the performance of the 2019 financial year
with a payout ratio of maximum 25% (Twenty Five Percent).
first cash dividend distribution milestones
description date
End of Trading Period for Shares with Dividend Rights (Cum Dividend)
April 24, 2020
Regular and Negotiated Markets
April 28, 2020
Cash Market
Beginning of Stock Trading Period without Dividend Rights (Ex Dividend)
April 27, 2020
Regular and Negotiated Markets
April 29, 2020
Cash Market
Recording Date of Shareholders Entitled to Dividends April 28, 2020
Cash Dividend Payment Date May 20, 2020
Further information regarding the distribution of the Initial Cash Dividend has been disclosed in the 2020 BTPN Syariah Annual Report.
second cash dividend distribution
BTPN Syariah distributed its second Cash Dividend to Shareholders in 2021 based on the performance
of the 2020 financial year, with a payout ratio of maximum 30% (Thirty Percent).
PT Bank BTPN Syariah Tbk
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second cash dividend distribution milestones
description date
End of Trading Period for Shares with Dividend Rights (Cum Dividend)
April 29, 2021
Regular and Negotiated Markets
May 3, 2021
Cash Market
Beginning of Stock Trading Period without Dividend Rights (Ex Dividend)
April 30, 2021
Regular and Negotiated Markets
May 4, 2021
Cash Market
Recording Date of Shareholders Entitled to Dividends May 3, 2021
Cash Dividend Payment Date May 20, 2021
Further information regarding the Distribution of the Second Cash Dividend has been disclosed in the 2021 BTPN Syariah Annual Report.
third cash dividend distribution
BTPN Syariah will distribute its third Cash Dividend to Shareholders in 2022 based on the performance
of the 2021 financial year, with a payout ratio of 32.5% (Thirty-Two Point Five Percent).
third cash dividend distribution milestones
description date
End of Trading Period for Shares with Dividend Rights (Cum Dividend)
May 9, 2022
Regular and Negotiated Markets
May 11, 2022
Cash Market
Beginning of Stock Trading Period without Dividend Rights (Ex Dividend)
May 10, 2022
Regular and Negotiated Markets
May 12, 2022
Cash Market
Recording Date of Shareholders Entitled to Dividends May 11, 2022
Cash Dividend Payment Date May 20, 2022
Further information regarding the Distribution of the Third Cash Dividend has been disclosed in the 2022 BTPN Syariah Annual Report.
fourth cash dividend distribution
BTPN Syariah distributed its fourth Cash Dividend to Shareholders in 2023 based on performance for
the 2022 financial year, with a payout ratio of 40.0% (Forty Point Zero Percent).
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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fourth cash dividend distribution milestones
description date
End of Trading Period for Shares with Dividend Rights (Cum Dividend)
Regular and Negotiated Markets April 27, 2023
Cash Market May 2, 2023
Beginning of Stock Trading Period without Dividend Rights (Ex Dividend)
Regular and Negotiated Markets April 28, 2023
Cash Market May 3, 2023
Recording Date of Shareholders Entitled to Dividends May 2, 2023
Cash Dividend Payment Date May 12, 2023
Further information regarding the Distribution of the Third Cash Dividend has been disclosed in the 2023 BTPN Syariah Annual Report.
fifth cash dividend distribution
BTPN Syariah distributed its fifth cash dividend to shareholders in 2024 based on the performance of
the 2023 financial year, with a payout ratio of 50% (Fifty Percent).
fifth cash dividend distribution milestones
description date
End of Trading Period for Shares with Dividend Rights (Cum Dividend)
Regular and Negotiated Markets March 28, 2024
Cash Market April 2, 2024
Beginning of Stock Trading Period without Dividend Rights (Ex Dividend)
Regular and Negotiated Markets April 1, 2024
Cash Market April 3, 2024
Recording Date of Shareholders Entitled to Dividends April 2, 2024
Cash Dividend Payment Date April 19, 2024
Further information regarding the Fifth Cash Dividend Distribution has been disclosed in the corporate actions section of this 2024 Annual Report.
information on listing other securities
throughout 2024, BTPN Syariah does not issue other securities other than shares. PT Bank BTPN Syariah Tbk
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name and address of capital
market supporting institutions and/or professionals
Siddharta Widjaja & Rekan
Jakarta Mori Tower lantai 35, Jl. Jend. Sudirman 40-41, Jakarta 10210, Indonesia
Telepon : +62 21 574 2333/2888
Services Provided
Examine or audit the BTPN Syariah Financial Report ending on December 31, 2024
Cost
Rp2,000,000,000,- (Two Billion Rupiah)
independent auditor
excluding OPE and 11% VAT (according to the engagement letter)
Assignment Period
Check or audit BTPN Syariah Financial Reports for the financial year ending on
December 31, 2024.
Throughout the audit period for the 2024. financial year, KAP does not provide other
services apart from Annual Financial Report audit services so that no fees are paid
for non-audit services.
PT Datindo Entrycom
Jl. Hayam Wuruk No. 28
share registrar Jakarta 10120
Phone: +62 21 350 8077 (Hunting)
Facsimile: +62 21 350 8078
PT Fitch Ratings Indonesia
DBS Bank Tower, Lt 24, Suite 2403
Jl. Prof. Dr. Satrio Kav. 3-5
Jakarta 12940
Phone: +62 21 2988 6800
Facsimile: +62 21 2988 6822
Services Provided
rating company
Rating of Companies and Securities Issued
Cost
Rp150,000,000, - (one hundred and fifty million Rupiah)
(excluding 11% VAT)
Assignment Period
Until January 2026
Ashoya Ratam, S.H., M.Kn.
Notaris & PPAT Kota Administrasi Jakarta Selatan
Jl. Suryo No. 54
notary
Jakarta 12180, Indonesia
Phone: +62 21 2923 6060
Facsimile: +62 21 2923 6070
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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site information
company website and social media
The information contained on the BTPN Syariah website is based on the Financial Services Authority
Regulation Number 8/POJK.04/2015 dated June 25, 2015, regarding the Website of Issuers or Public
Companies.
All information can be accessed by the public through the website www.btpnsyariah.com.
The available information includes, among others:
information link
Company Profile https://www.btpnsyariah.com/
General Information: Name,
Address, Head Office Contact, https://www.btpnsyariah.com/head-office
Representative
Information on Shareholders and
https://www.btpnsyariah.com/pemegang-saham
Bank Management
About Us https://www.btpnsyariah.com/profile
Board of Commissioners Profiles https://www.btpnsyariah.com/management
Sharia Supervisory Board Profiles https://www.btpnsyariah.com/management
Board of Directors Profiles https://www.btpnsyariah.com/management
Corporate Vision, Mission, and
https://www.btpnsyariah.com/web/guest/misi-visi-nilai
Values
Organizational Structure https://www.btpnsyariah.com/management
Career https://www.btpnsyariah.com/Career
Shareholders https://www.btpnsyariah.com/pemegang-saham
Investors Info https://www.btpnsyariah.com/info-investor
Public Offering Prospectus https://www.btpnsyariah.com/laporan-keterbukaan
Code of Conduct https://www.btpnsyariah.com/tata-kelola-perusahaan
Sustainability Report https://www.btpnsyariah.com/laporan-keberlanjutan
Annual Report https://www.btpnsyariah.com/laporan-tahunan
Financial Reports (consisting of
Quarterly Financial Reports and https://www.btpnsyariah.com/financial-report
Annual Financial Reports)
Good Corporate Governance https://www.btpnsyariah.com/tata-kelola-perusahaan
Board of Commissioners Charter https://www.btpnsyariah.com/management
PT Bank BTPN Syariah Tbk
Sharia Supervisory Board Charter https://www.btpnsyariah.com/management
Board of Directors Charter https://www.btpnsyariah.com/management
Audit Committee Charter https://www.btpnsyariah.com/tata-kelola-perusahaan
Risk Monitoring Committee Charter https://www.btpnsyariah.com/tata-kelola-perusahaan
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information link
Nomination and Remuneration
https://www.btpnsyariah.com/tata-kelola-perusahaan
Committee Charter
Internal Audit Charter https://www.btpnsyariah.com/tata-kelola-perusahaan
Information Disclosure https://www.btpnsyariah.com/laporan-keterbukaan
General Meeting of Shareholders https://www.btpnsyariah.comrapat-umum-pemegang-saham
Supporting Institution and
https://www.btpnsyariah.com/lembaga-profesi-penunjang-pasar-modal
Professionals
In addition to the information available on the website, BTPN Syariah also maintains other social media
channels, including Instagram, TikTok, Facebook, YouTube, and LinkedIn, which are managed by the
Corporate & Marketing Communication Division, as follows:
Instagram: @btpnsyariah Instagram: @bankirpemberdaya.btpns
https://www.instagram.com/btpnsyariah/ https://www.instagram.com/bankirpemberdaya.btpns/
Tiktok: @btpnsyariah Instagram: @btpnsyariah
Tbk
https://www.tiktok.com/btpnsyariah/ https://www.instagram.com/btpnsyariah/
Bank
PTPT BTPN
Bank Syariah
BTPN Tbk
Syariah
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Facebook: @btpnsyariah.id
https://facebook.com/btpnsyariah.id
YouTube: BTPN Syariah
https://www.youtube.com/@BTPNSyariah
LinkedIn: BTPN Syariah
https://www.linkedin.com/company/btpnsyariah
commitment to
sustainable development goals
BTPN Syariah is committed to actively developing numerous external activities in response to current
changes and to achieving global sustainable development goals under the Sustainable Development
Goals (SDGs).
As part of this commitment, BTPN Syariah regularly engages with a number of worldwide institutions
and associations, both as members and strategic partners.
Further details on BTPN Syariah’s initiatives and activities are elaborated in the 2024 Sustainability
Report.
PT Bank BTPN Syariah Tbk
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04
management
discussion and
analysis
The implementation of the four pillars of the
Key Strategic Initiative in a sustainable has
successfully supported the Bank’s performance,
keeping it in line with expectations amid the
uncertainties of 2024. The Bank’s financial health
ratios remain strong, its operations run efficiently,
and the strengthening of #bankirpemberdaya has
been optimally executed.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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PT Bank BTPN Syariah Tbk
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economic and
banking industry review
Amid global economic uncertainty, Indonesia’s economic
fundamentals remained solid throughout 2024, with sustained
financial system stability. The intermediation activities of
sharia banking remained stable, driven by sustainable financing
performance.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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PT Bank BTPN Syariah Tbk
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global economic dynamics
The year 2024 remains marked by global uncertainty, influenced by geopolitical tensions, elections in
various countries, and an economic recovery from the COVID-19 pandemic that has yet to fully stabilize.
Conflicts in Ukraine, the Middle East, and the South China Sea have further intensified pressure on
global supply chains, particularly in energy and key commodities such as oil and coal.
Commodity Prices in the Global Market
500
450
400
350
300
250
200
150 120,53
100 112,85
76,32
50
0
Dec 20
Jan 21
Feb 21
Mar 21
Apr 21
May 21
Jun 21
Jul 21
Aug 21
Sep 21
Oct 21
Nov 21
Dec 21
Jan 22
Feb 22
Mar 22
Apr 22
May 22
Jun 22
Jul 22
Sep 22
Oct 22
Dec 22
Jan 23
Feb 23
Mar 23
May 23
Aug 22
Nov 22
Apr 23
Jun 23
Jul 23
Aug 23
Sep 23
Oct 23
Dec 23
Jan 24
Feb 24
Mar 24
Apr 24
May 24
Nov 23
Jun 24
Jul 24
Aug 24
Sep 24
Oct 24
Nov 24
Dec 24
CPO Oil Coal
Source: Bloomberg
The global economic slowdown has been difficult to avoid, declining from 5.91% in Q4 2021 to
2.75% in Q3 2024. Oil prices have also fluctuated sharply, reaching USD 87.48 per barrel in Q1 2024
before dropping to USD 74.64 in Q4 2024. Additionally, the global deflation trend, driven by political
uncertainty and declining consumption, has hindered economic recovery, with global inflation
decreasing from 5.49% in Q4 2023 to 4.38% in October 2024. The International Monetary Fund (IMF)
projects global economic growth at 3.2% for this year, higher than in 2023 but still below pre-pandemic
averages.
To mitigate the economic slowdown, central banks have begun lowering interest rates. The Fed cut
interest rates three times in 2024, from 5.5% to 4.5%. However, economic growth in the United States
remains sluggish, declining from 3.2% (Q4 2023) to 2.7% (Q3 2024), with unemployment rising to 4.1%.
China is also experiencing a slowdown, with economic growth declining from 5.2% in Q4 2023 to 4.6% in
Q3 2024, while its inflation remains well below pre-pandemic levels.
This situation has impacted developing countries, with some nations like Sri Lanka, Ghana, and Zambia
facing debt defaults. Meanwhile, developed countries such as the UK and France have begun reducing
foreign aid due to domestic economic pressures.
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BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | management discussion and analysis
national economic resilience Indonesia’s total population, accounting for
81.49% of total household consumption. Since
Global pressures, including geopolitical the pandemic, however, the proportion of the
uncertainties and the political year, have middle class has declined from 57.33 million
impacted the depreciation of the Rupiah, which people (21.45%) in 2019 to 47.85 million (17.13%)
moved from IDR 15,397/USD in Q4 2023 to IDR in 2024, while the vulnerable poor group has risen
16,102/USD in Q4 2024. Inflation declined from from 20.56% to 24.23% of the total population.
2.81% (Q4 2023) to 1.57% (Q4 2024), reflecting This phenomenon highlights the lingering long-
weakened purchasing power despite rising term impact of the pandemic (scarring effect),
commodity prices. To maintain stability, Bank particularly on people’s purchasing power,
Indonesia adjusted its benchmark interest rate as evidenced by five consecutive months of
(BI7DRR) twice, raising it to 6.25% in April 2024 deflation from May to September 2024.
before lowering it back to 6% in September 2024.
Public savings continue to decline. According
On the other hand, foreign exchange reserves to data from the Indonesia Deposit Insurance
remained strong, reaching USD 151.23 billion Corporation (LPS), the average savings balance
in October 2024, while government spending before the COVID-19 pandemic in 2019 was IDR
increased by 15.3% year-on-year, indicating a 3 million, which decreased to IDR 1.8 million as
more productive allocation. The trade balance of April 2024. During the same period, there was
remained in surplus, reaching USD 3.23 billion also an increase in the proportion of expenditures
in Q3 2024, and the budget deficit continued to and a decline in the proportion of savings. This
improve, declining from -6.5% (2020) to -1.65% “eating into savings” phenomenon is partly driven
of GDP in 2023. by the inability of incomes to fully cover the cost
of living. LPS data from the July 2024 edition
Amid these pressures, Indonesia’s economic also indicates that the majority of the population
fundamentals remained strong and stable has savings below IDR 100 million. Meanwhile,
throughout 2024, supported by solid domestic savings accounts with balances above IDR 100
demand, adequate liquidity, and various million make up only about 1% of total bank
economic stimulus measures and structural accounts. The total national savings reached IDR
reforms. Data from the Central Statistics Agency 8,698.53 trillion, with deposits above IDR 5 billion
(BPS) showed national economic growth of contributing 53.2% of the total.
5.03%, maintaining a positive trend since 2021,
when it was 3.69%, rising to 5.05% in 2023.
banking industry review
Strategic policy support, including mineral
downstreaming, infrastructure development, and From the banking industry perspective, the
MSME empowerment, has further strengthened financial system remained stable in 2024,
Indonesia’s competitiveness, elevating it supported by the resilience of the banking
to 27th globally and 3rd in ASEAN. With sector and a well-maintained financial market.
structural reforms driving purchasing power Additionally, intermediation performance
and investment, Indonesia has now become the remained solid, with continued credit growth. As
second most attractive investment destination of December 2024, bank lending grew by 10.39%
in ASEAN, reinforcing its long-term growth year-on-year (YoY), aligning with the growth
prospects. projections set by Bank Indonesia. This growth
was driven by investment loans, which recorded
However, economic recovery has not been entirely the highest increase at 13.62%, followed by
even, as reflected in the increasing number of consumer loans at 10.61% and working capital
vulnerable poor households. According to data loans at 8.35%. Sharia financing and MSME
collected by the Central Statistics Agency (BPS), credit also showed positive growth, increasing by
before the COVID-19 pandemic, the middle 9.87% (YoY) and 3.37% (YoY), respectively.
PT Bank BTPN Syariah Tbk
and aspiring middle class made up 66.35% of
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Third-Party Funds (DPK) in the banking sector 2024, the Financial Services Authority (OJK)
grew by 4.48% year-on-year (YoY), reaching closed 20 BPR/BPRS institutions to support
IDR 8,837 trillion in December 2024. Meanwhile, institutional strengthening in line with the
banking liquidity remained adequate, with the 2024–2027 Roadmap for the Development and
Liquidity Assets to Non-Core Deposit (AL/NCD) Strengthening of the BPR/BPRS Industry (RP2B).
ratio at 112.87% and the Liquidity Assets to
Third-Party Funds (AL/DPK) ratio at 25.59%,
sharia banking industry review
both well above the minimum thresholds of 50%
and 10%, respectively. Additionally, the Liquidity
Coverage Ratio (LCR) remained exceptionally The national Islamic banking sector recorded
strong at 213.23%. solid growth throughout 2024, with total assets
reaching IDR 980.30 trillion, increasing by 9.88%
The quality of bank credit remained well- YoY as of December 2024. Market share also
maintained, with the gross Non-Performing Loan expanded to 7.72%, up from 7.44% in December
(NPL) ratio at 2.08% and the net NPL ratio at 2023.
0.74% as of December 2024. The Loan at Risk
(LaR) ratio showed a declining trend, reaching In terms of intermediation, financing distribution
9.28%, which is lower than the pre-pandemic grew by 9.92% YoY to IDR 643,55 trillion, aligning
level of 9.93% in December 2019. Meanwhile, with the growth of the national banking industry.
banking profitability remained stable, with a Third-Party Funds (DPK) amounted to IDR
Return on Assets (ROA) of 2.69%, demonstrating 753,60 trillion, growing by approximately 10%
strong resilience amid global economic YoY, significantly outpacing the industry average
challenges. Capital strength also remained solid, of around 4-5%. Financing remained dominated
with the Capital Adequacy Ratio (CAR) at a high by the housing sector (KPR) at 23%, while MSME
level of 26.92%, despite a slight decline due to an financing accounted for 16-17% of the total
increase in Risk-Weighted Assets (RWA) in line portfolio.
with credit growth. This strong capitalization
serves as a significant risk mitigation buffer in Capital structure remained strong, with the
facing global uncertainties. Capital Adequacy Ratio (CAR) reaching 25.4%,
well above the minimum requirement. The
Meanwhile, Buy Now Pay Later (BNPL) credit Liquidity Assets to Non-Core Deposit (AL/
products recorded rapid growth, although their NCD) ratio stood at 154.52%, and the Liquidity
contribution to total credit remained small at Assets to Third-Party Funds (AL/DPK) ratio was
0.28%. As of December 2024, BNPL outstanding 32.09%, both exceeding the required thresholds,
credit grew by 43.76% YoY, reaching IDR 22.12 indicating sufficient liquidity.
trillion, with the number of accounts reaching
23.99 million. Meanwhile, financing quality remained well-
maintained, with the Gross Non-Performing
Rural Banks (BPR) and Sharia Rural Banks Financing (NPF) ratio at 2.12% and the Net NPF
(BPRS) continued to demonstrate solid at 0.79%. Profitability also continued to grow,
performance despite slowing credit and Third- reflected in a Return on Assets (ROA) of 2.04%.
Party Fund (DPK) growth. The consolidation of These achievements demonstrate that sharia
BPR/BPRS through mergers remained ongoing banking continues to accelerate its business
to meet minimum core capital requirements growth despite challenges amid domestic and
and the single presence policy. Throughout global economic dynamics.
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Bank BTPN
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business segment
performance review
Facing the challenges of 2024, the Bank remained consistent in
fostering excellent behavior that contributed to the performance
of the financing and funding business segments while enhancing
social impact for the ultra-micro segment. The business
development focus remained aligned with efforts to improve the
quality of life for financially inclusive communities.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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PT Bank BTPN Syariah Tbk
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financing performance
BTPN Syariah’s financing business segment consists of ultra-micro and institutional financing.
As of December 31, 2024, the Bank had disbursed financing amounting to IDR 10.17 trillion, with
the ultra-micro segment accounting for 94.5%. The quality of financing is reflected in the NPL ratio
reaching 3.75%.
Throughout 2024, the Bank implemented various strategic initiatives in the financing segment,
including enhancing financing monitoring quality and providing Sharia-compliant financing solutions.
The Bank prioritized efforts to rebuild the excellent behavior of BDKS financing customers, which was
reflected in improved payment compliance and portfolio quality.
ultra-micro financing
The ultra-micro financing product of BTPN Syariah is designed for woman from inclusive families
who wish to start or expand their businesses. In line with BTPN Syariah’s vision and mission to serve
the inclusive community and transform the lives of millions of Indonesians, the Bank provides access
to business capital along with empowerment programs. Every prospective customer who wishes to
obtain financing can join an existing group (kumpulan) in their area or form a new one. These groups
conduct banking transactions, such as paying installments and saving, at the home of one of the group
members (called Sentra) every two weeks. This activity is called Regular Sentra Meeting (PRS), which
typically lasts around 30 minutes.
During PRS, customers can pay their installments and save through a Community Officers (COs)
who uses the Terra application. In addition to facilitating transactions, COs also provide guidance
and assistance to customers, including business development advice and simple health tips. Through
PRS, the Bank not only monitors portfolio quality directly but also strengthens relationships among
customers. Sentra serves as a space for customers to support and empower one another. If a member
faces difficulties in meeting their obligations, a joint liability system applies. In 2024, the Bank
implemented this system by collecting money in envelopes, with customer names recorded on each
envelope. This approach played a crucial role in improving customer discipline and maintaining financing
quality. Throughout 2024, BTPN Syariah successfully disbursed financing to 3.8 million active ultra-
micro customers, with a total value reaching IDR 9.6 trillion.
financing
5-Year Financial Package Daya
Financial solution in one Capacity building trainings/
package: workshops in the topics of
• Working Capital 5-Year Financial health, entrepreneurial skills,
• Free Life Insurance Package and environment
• Saving (free monthly fee)
DAYA
Future Benefits: 4
• Entitlement for working Excellent
capital increase in each Behaviors:
cycle
• After the third year, Courage, Discipline,
entitlement for home Hard Work, Mutual
improvements and Assistance
education financing are Community Officer
Tbk
Membership
included in the future
Tbk
System • Well-trained
Community
Syariah
benefits.
#bankirpemberdaya who
Syariah
Offer become the role models of:
Membership System
• Honesty
• Group Member selected by
BTPN
• Courtesy
BTPN
customers • Discipline
• Routine meeting • Facilitator of Daya
Bank
• Mandatory saving Program
Bank
• Shared liabilities
PTPT
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annual report 2024 | management discussion and analysis
institutional financing With challenges continuing into 2025, BTPN
Syariah will adjust its business processes to be
more adaptive and resilient. The main focus will
In the institutional financing segment,
be on enhancing customer discipline, rebuilding
BTPN Syariah successfully recorded positive
BDKS’ excellent behavior, and ensuring a more
performance, exceeding the targets set in the
solid and sustainable group financing ecosystem.
Bank’s Business Plan (RBB). The main focus
To strengthen financing quality, the Bank
of institutional financing includes increasing
will evaluate and further develop its digital
financing volume, expanding the customer
applications, ensuring more interactive and
base, and strengthening synergy with the
effective features for customers. Additionally,
parent bank. This strategic focus aligns with the
incentive programs will be enhanced for
management’s directive, emphasizing a simple
customers and sentra groups that demonstrate
and secure approach while ensuring sustainable
high commitment to financial discipline.
financing quality. Synergy with the Parent
Entity has enhanced the Bank’s operational
efficiency, optimizing banking infrastructure in Leadership development for Community Officers
an integrated manner and delivering added value (COs) will continue, focusing on equipping them
on a consolidated basis. Additionally, this synergy with the necessary skills to guide and educate
enables knowledge transfer, supporting more customers effectively.
effective risk management.
The Bank will also maintain initiatives to
BTPN Syariah has also expanded its institutional reinforce BDKS’ excellent behavior, ensuring
financing portfolio by tailoring product types stronger communication and education through
to meet the needs of specific industry sectors, regular sentra meetings. Business adjustments
such as short-term working capital financing and will be strategy-driven, helping customers grow
business expansion financing. This development independently, ensuring they become more stable
is backed by close collaboration with the parent and empowered in managing their financing.
bank, ensuring broader financial access for
institutional customers.
funding performance
Despite recording solid performance, the Bank BTPN Syariah’s funding products not only offer
actively continues to observe, evaluate, and the right returns but also provide assurance
monitor various challenges faced by institutional that customer funds are allocated to support
customers, particularly regarding economic those striving for a better life. Through the
uncertainties in the post-COVID-19 pandemic various available funding options, the affluent
era, which may impact purchasing power and community is invited to contribute tangibly
the business behavior of companies that are in empowering society and creating positive
institutional financing customers. change together. There are various funding
products based on sharia principles, such as
prospects for 2025 Tepat Tabungan, Tepat Tabungan Platinum,
Tepat Deposito, Tepat Tabungan Rencana, Tepat
Looking ahead to 2025, BTPN Syariah will remain Giro, and Rekening Tabungan Jamaah Haji. For
committed to serving inclusive customers, with a the ultra-micro segment, there are integrated
primary strategy focused on maintaining high- savings products linked to financing for inclusive
quality financing stability and optimizing service customers, as well as Basic Saving Account
digitalization. (BSA) and Regular Saving Account (RSA)
available through Mitra Tepat services.
In terms of technology enhancement and
digitalization, the Bank will complete the In 2024, the performance of BTPN Syariah’s
implementation of a biometric platform to funding products aligned with the targets
PT Bank BTPN Syariah Tbk
improve transaction security and efficiency. set in the Bank’s Business Plan. With strong
Additionally, the development of digital collaboration between the funding business
applications for customers with high digital team, product team, and business support
literacy and strong financial discipline will team, the Bank successfully achieved three
continue to be strengthened. This initiative aims main targets. First, the proportion of CASA
to provide faster, safer, and more accessible (Current Account Savings Account) products
financing services. to total funding products reached 26.5%, an
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increase from the previous year’s 25.6%. Second, Tepat Mobile
customer transactions expanded, as reflected BTPN Syariah continued to enhance Tepat Mobile
in the growing number of transactions utilizing to improve customer transaction services. In
digital service features through the Tepat Mobile 2024, the Bank added a QRIS feature, which
banking application. Third, the Bank developed has received approval from regulators, making
innovative philanthropic-based products, such payments easier and expanding transaction
as waqf-based deposits or Cash Waqf Linked options for customers.
Deposit (CWLD).
SiTepat Application
To achieve these three targets, the Bank SiTepat was developed to serve ultra-micro and
implemented a strategy focused on enhancing micro customers, particularly in the disbursement
digital features and adding bill payment of TPSIK (Tepat Pembiayaan Syariah Individu-
services to the Tepat Mobile application. These Komunitas) financing. In 2024, digital transaction
innovations provided greater accessibility for features such as PPOB, transfers, and cash
customers and expanded the Bank’s service deposits and withdrawals through third parties
reach. Meanwhile, for waqf-based deposit were prepared and are currently in the process of
products, the Bank conducted benchmarking regulatory approval.
with similar products in the market and
ensured that the product development process Syariah Paylater
complied with regulations and sharia law. This The Bank explored Syariah Paylater products in
strategy aligns with management’s directives collaboration with strategic partners to expand
in product development, emphasizing business financing access and strengthen the digital
considerations, risk management, and adherence ecosystem for financing segment customers.
to both internal and external compliance
requirements. Terra
Terra continues to be updated to enhance the
Going forward, the Bank will continue to increase efficiency of the MMS team and the Bank’s
the number of CASA products, which offer lower Community Officers in assisting customers,
returns compared to deposit products. The Bank including supporting customer acquisition
also plans to strengthen its strategy through processes, financing transactions, cash
synergy with the parent bank. Once the CWLD management, and biometric verification. These
product obtains official approval, the Bank will improvements aim to boost productivity and
be able to offer CWLD funding products through strengthen financing process controls.
the parent bank’s digital banking application.
Additionally, the Bank will develop wealth Funding Products
management products aimed at generating fee- The Bank obtained approval as an Islamic
based income. Financial Institution Receiving Cash Waqf
(LKSPWU) and developed CWLD, which will
business development undergo a trial phase before its official launch.
Additionally, the Bank continues to develop
Throughout 2024, BTPN Syariah continued to savings and term deposit products, offering more
strengthen business development to enhance investment options for customers.
service quality and operational efficiency. The
main focus of business development included To support its 2024 targets, BTPN Syariah
service digitalization, exploration of new has enhanced a flexible and efficient business
products, and increased synergy within the sharia governance model by leveraging technology for
financial ecosystem. Below are the Bank’s digital product and service development. The Bank
and funding products development throughout also ensures regulatory compliance through
Tbk
2024. more intensive coordination with regulators,
Tbk
Syariah
strengthens synergies with the Parent Entity and
Syariah
strategic partners, especially in digital banking
development, corporate financing, and wealth
BTPN
management, and prepares human resources
Bank
PTPT BTPN
Bank
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annual report 2024 | management discussion and analysis
that are adaptive to technology, accelerating In 2024, the Bank strengthened the
digital transformation across all business lines. measurement of customer well-being with a
Facing 2025, BTPN Syariah will accelerate scorecard-based assessment tool developed
digitalization and develop innovative products using the latest National Socio-economic
that support high-quality financing and Survey (Susenas) data. This measurement
sustainable funding. tool was designed in collaboration with
reputable institutions to provide accurate and
The primary focus of next year’s business relevant results, particularly in the context of
development includes: microfinance institutions.
1. Enhancing digital applications, including the
development of Jenius Syariah, expanding The measurement is conducted through a
SiTepat services, and improving features in survey covering various indicators such as
Terra to support a more efficient financing housing conditions, consumption behavior,
strategy. asset ownership, and the role of customers in
2. Exploring wealth management products, decision-making. Additionally, the Bank has
such as bancassurance and sukuk, to provide introduced new variables that include aspects
more sharia-based investment options for of financial inclusion and adaptation to digital
customers. transformation. This aims to provide a more
3. Strengthening synergies with the Parent comprehensive picture of customer well-being
Bank, particularly in digital banking while supporting more effective empowerment
development, corporate financing, and retail program management.
or pension financing.
4. Increasing the role of technology in business Based on a survey of customers who have
management to ensure sustainable growth joined in the past five years, data shows that
while maintaining prudential principles. the number of families with proper housing has
increased to 95.1%, ownership of proper toilets
With this strategy, BTPN Syariah is optimistic has risen to 93.6%, and the number of families
about expanding its reach and providing more whose children continue schooling has reached
innovative and impactful sharia-based financial 92.9%.
services for ultra-micro and micro customers in
Indonesia. Over time, BTPN Syariah continuously develops
and updates its well-being measurement
social impact framework, including methodology, database,
and welfare indicator variables. With a strong
Since its inception more than two decades data-driven approach, the Bank ensures that
ago, BTPN Syariah has been committed to its social impact remains measurable and
creating a significant social impact for inclusive provides real benefits for Indonesia’s inclusive
customers through financing and empowerment communities.
programs. Each year, social impact measurement
is conducted as an evaluation for improving
products and services.
PT Bank BTPN Syariah Tbk
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Suparti
Financing Customers
I feel that there are many benefits gained from the financing provided
by BTPN Syariah. In addition to financial access, I have also received
guidance from the officers, which has helped me build excellent
behaviors such as BDKS (Courage, Discipline, Hard Work and Mutual
Assistance).
Susanna Rudwi Anggiono
Funding Customer
It brings me great joy to know that the funds I place in BTPN Syariah create
a real impact. Initially, I only intended to save in accordance with sharia
principles, but I soon realized that my funds also help many entrepreneurial
mothers build strong values, Courage to strive, Discipline, Hard work, and
Mutual support. Seeing them become more independent and grow makes
me even more confident that saving here is about sharing blessings, fulfilling
good intentions, and making a meaningful difference in the lives of millions of
people in Indonesia.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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PT Bank BTPN Syariah Tbk
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financial
review
In light of the ongoing challenges in the ultra-micro segment,
which remains the Bank’s primary focus, we have concentrated
our efforts on stabilizing the business by reinforcing the quality
improvement measures that have been previously implemented.
As we enter the second half of 2024, the Bank has conducted a
thorough evaluation of its strategies and has introduced updates
to its business approach. This includes diversifying strategies and
activities at the regional level, while adjusting portfolio quality
improvements in accordance with the specific conditions of each
region.
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Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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financial position (in millions of Rupiah unless otherwise stated)
increase/decrease
description 2024 2023
IDR %
Asset
Cash 592,911 497,153 95,758 19.3
Current Accounts and Placements with Bank 1,669,329 763,443 905,886 118.7
Indonesia
Current Accounts with Other Banks 4,956 7,119 (2,163) -30.4
Placements with Other Banks 247,000 238,000 9,000 3.8
Investments in Securities 8,901,904 8,571,244 330,660 3.9
Accrued Income from Investments in Securities 147,387 75,512 71,875 95.2
Murabahah Receivables 9,641,128 11,367,662 (1,726,534) -15.2
Accrued Income from Murabahah Receivables 102,147 164,890 (62,743) -38.1
Less: Allowance for Impairment Losses (924,220) (1,213,542) 289,322 -23.8
Qardh Loans 64 530 (466) -87.9
Less: Allowance for Impairment Losses (2) (177) 175 -98.9
Musyarakah Financing 530,567 19,669 510,898 2597.5
Less: Allowance for Impairment Losses (52) (197) 145 -73.6
Prepaid Expenses 41,930 48,012 (6,082) -12.7
Net Fixed Assets 335,055 376,242 (41,187) -10.9
Net Intangible Assets 212,953 210,744 2,209 1.0
Deferred Tax Assets 226,709 273,592 (46,883) -17.1
Other Assets 17,814 35,470 (17,656) -49.8
Total Assets 21,747,580 21,435,366 312,214 1.5
Liabilities
Immediate Liabilities 22,963 29,345 (6,382) -21.7
Undistributed Profit Sharing 18,825 21,951 (3,126) -14.2
Customer Deposits and Temporary Syirkah Funds 11,724,433 12,142,817 (418,384) -3.4
Tax Payable 30,553 50,901 (20,348) -40.0
Issued Securities 200,000 - 200,000 100.0
Lease Liabilities 25,298 53,792 (28,494) -53.0
Accruals 70,921 67,568 3,353 5.0
Post-Employment Benefit Liabilities 249,130 229,290 19,840 8.7
Syariah Tbk
Tbk
Other Liabilities 88,863 62,569 26,294 42.0
Syariah
Total Liabilities and Temporary Syirkah Funds 12,430,986 12,658,233 (227,247) -1.8
PTPT Bank
Bank BTPN
BTPN
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annual report 2024 | management discussion and analysis
financial position (in millions of Rupiah unless otherwise stated)
increase/decrease
description 2024 2023
IDR %
Equity
Authorized Capital 770,370 770,370 0 0.0
Additional Paid-in Capital 846,440 846,440 0 0.0
Other Reserves 13,388 5,382 8,006 148.8
Retained Earnings 7,666,787 7,136,434 530,353 7.4
Other Equity Components 20,916 20,916 0 0.0
Treasury Shares (4,320) (5,538) 1,218 -22.0
Non-Controlling Interest 3,013 3,129 (116) -3.7
Total Equity 9,316,594 8,777,133 539,461 6.1
comprehensive financial performance
The scarring effect of the COVID-19 pandemic, which is still being felt by the ultra-micro segment, has
posed a significant credit risk challenge for the Bank. In addition, the Bank also faces challenges related
to discipline and group solidarity. To address these, the Bank has focused on rebuilding the exemplary
behavior of BDKS (Bank’s Credit Group Scheme) through various strategic initiatives, as outlined in
the Performance Review section of this report. As a result, BTPN Syariah’s financial performance has
remained resilient amid the challenging economic conditions of 2024.
Throughout 2024, the Bank took important steps to strengthen solidarity, an essential aspect of group
financing. For the first time, the Bank implemented an envelope system to store joint-liability funds,
fostering a stronger sense of collective responsibility.
This effort is supported by enhancing the capacity of Community Officers (CO) to serve inclusive
customers and act as role models for excellent behavior. Additionally, the Bank recognized groups that
consistently demonstrated excellent BDKS behavior.
These measures have ultimately improved the prudence of customers when recommending new
members, ensuring that financing is extended only to individuals who are truly committed to making
meaningful, responsible changes in their lives. Consequently, the financing provided by the Bank has
become more selective and sustainable. In 2024, the Bank disbursed IDR 9.6 trillion in financing to
inclusive customers. The Bank’s total assets reached IDR 21,75 trillion, an increase of 1.5% from IDR 21,4
trillion in 2023. Third-Party Funds (DPK) amounted to IDR11,7 trillion, and total equity rose to IDR 9,32
trillion, keeping BTPN Syariah within the Tier 2 capital level (KBMI 2) group of banks.
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income statement (in million rupiah unless otherwise stated)
increase/decrease
description 2024 2023
IDR %
Net Interest Income 4,894,273 5,259,749 (365,476) -6.9
Other Operating Income 43,725 60,949 (17,224) -28.3
Total Operating Income 4,937,998 5,320,698 (382,700) -7.2
Provision for Impairment Losses on Financial and Other
(1,359,766) (1,898,117) 538,351 -28.4
Assets
Operating Expenses (2,227,577) (2,043,512) (184,065) 9.0
Operating Profit 1,350,655 1,379,069 (28,414) -2.1
Profit Before Income Tax 1,353,196 1,379,894 (26,698) -1.9
Net Profit 1,061,160 1,080,588 (19,428) -1.8
cash flow statement (in million rupiah unless otherwise stated)
increase/decrease
description 2024 2023
IDR %
Net Cash Flow from Operating Activities 1,845,540 1,779,110 66,430 3.7
Net Cash Flow from Investing Activities (2,121,473) (849,851) (1,271,622) 149.6
Net Cash Flow from Funding Activities (340,397) (812,535) 472,138 -58.1
(Decrease)/Increase in Cash and Cash Equivalent (616,330) 116,724 (733,054) -628.0
Cash and Cash Equivalents at the Beginning of the Year 4,260,715 4,143,991 116,724 2.8
Cash and Cash Equivalents at the End of the Year 3,644,385 4,260,715 (616,330) -14.5
As of December 31, 2024, BTPN Syariah’s cash and cash equivalents were recorded at IDR 3.64 trillion, a
decrease of 14.5% compared to IDR 4.26 trillion in 2023. This decline was primarily due to a reduction in
net cash and cash equivalents.
cash flow from operating activities
The net cash generated from operating activities increased by 3.7%, reaching IDR 1.85 trillion, compared
to IDR 1.78 trillion in the previous year. This increase was mainly due to the maintained quality of
financing, driven by the Bank’s new approach of implementing a joint-liability system using funds
stored in envelopes for the inclusive customer groups (collectives).
cash flow from investing activities
The net cash used in investing activities amounted to IDR 2.12 trillion, reflecting a significant increase
Tbk
of 149.6% from IDR 849.85 billion in 2023. This cash flow aligns with the Bank’s strategy to optimize
Tbk
Syariah
net treasury margin, leading to an increase in securities held by the Treasury team compared to the
Syariah
previous year.
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cash flow from funding activities financing quality
Net cash used in financing activities decreased In May 2024, the Bank established the IKRAR
by 58.1%, from IDR 812.54 billion in 2023 to IDR Working Committee to enhance monitoring
340.40 billion in 2024. This was mainly due to a and the quality of financing. This committee
reduction in dividend payments and the issuance intensively monitors leading indicators to identify
of securities by the Bank in December 2024 and resolve issues more quickly, maintains
amounting to IDR 200 billion. the capacity of the field teams, and conducts
periodic reviews of the implementation of the
solvability to pay debt UPS across all BM areas. Additionally, the Quality
Assurance team plays a key role as an education
In 2024, Fitch Ratings Indonesia affirmed and monitoring partner for the wisma team,
PT Bank BTPN Syariah Tbk’s Long-Term assisting in refreshment training, education, and
National Rating at ‘AAA(idn)’ with a Stable adjustments to business processes to ensure the
Outlook. The highest rating from Fitch on the effectiveness of strategies in the field.
National Rating scale reflects the possibility of
the Bank’s very low risk of default, relative to Throughout 2024, BTPN Syariah carefully
other issuers or debt securities in Indonesia. The disbursed financing to 3,8 million inclusive
rating is partly based on support from SMBCI customers across 268.7 thousand communities,
as the controlling shareholder and SMBC as the spread across 2,650 sub-districts in 26 provinces
ultimate controlling shareholder, considering in Indonesia. Through these strategic steps,
BTPN Syariah’s key role as part of the parent including the envelope system for joint-liability
company’s universal banking model. BTPN groups, the quality of financing has been
Syariah’s business model allows SMBCI to maintained, with the Gross Non-Performing
serve the large Muslim population in Indonesia, Financing (NPF) ratio standing at 3.75%, still
particularly those choosing sharia banking below the 5% limit set by the OJK.
services, as well as the substantial informal
economy in the country. The Bank also established an allowance for
impairment losses on financial assets compared
liquidity to Non-Performing Financing (CKPN/NPF),
reaching 242.31%, and the net NPF ratio was
BTPN Syariah has successfully maintained a maintained at 0.03%. These maintained ratios
strong Financing-to-Third-Party Funds (F/D) demonstrate the Bank’s growth strategy, which
ratio of 86.76%. The liquidity coverage ratio and consistently prioritizes prudence.
the Net Stable Funding Ratio (NSFR) are also
well above the required thresholds, at 390.9% capital structure and strategy
and 225.6%, respectively.
The Bank’s efforts to strengthen its capital
Despite the ongoing challenges in 2024, structure, both organically and inorganically,
especially in the ultra-micro segment, BTPN have successfully increased its core capital. As of
Syariah continues to ensure adequate liquidity December 31, 2024, BTPN Syariah’s core capital
to address potential liquidity tightness in reached IDR 8.81 trillion, an increase from IDR
the domestic market. This guarantees the 8.24 trillion in 2023, thus maintaining its position
Bank’s liquidity resilience to meet its maturing in the Core Capital Bank Group (KBMI) 2, which
obligations to third parties. BTPN Syariah’s includes banks with core capital ranging from
funding strategy, both in normal and critical IDR 6 trillion to IDR 14 trillion. The Bank also
conditions, is optimized in accordance with the managed to maintain a very strong Capital
risk appetite set by the Bank. Adequacy Ratio (CAR) of 53.2%, far above the
minimum regulatory requirement of 9-10%.
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capital position (in million rupiah unless otherwise stated)
description 2024 2023
Capital
Core Capital 8,810,542 8,235,764
Supplementary Capital 97,937 107,043
Total Capital 8,908,479 8,342,807
Risk-Weighted Assets
Credit, Operational and Market Risk 16,757,401 16,167,428
Capital Adequacy Risk 53.16% 51.60%
infrastructure
As of December 31, 2024, BTPN Syariah’s network includes 1 Head Office, 15 Branch Offices (KC), 30
Functional Operational Offices (KFO), 1 Non-Operational Functional Office (KFNO), 14 ATMs, and 1,542
mobile functional offices located spread across Indonesia.
commitment to capital expenditure
BTPN Syariah has no material ties/commitments related to capital goods investment during 2024.
capital expenditure
In 2024, BTPN Syariah made an investment of IDR 143.30 billion, an increase from IDR 210.12 billion in
the previous year in the form of fixed assets and intangible assets. These investments were allocated
to the development and implementation of systems, network optimization, and the enhancement of
hardware.
comparison between target and realization
Amid the challenging economic conditions in the ultra-micro segment throughout 2024, the Bank
focused on maintaining the quality of financing, making it more cautious in disbursing loans. The actual
total financing for inclusive communities in 2024 reached IDR 9.6 trillion, with the Non-Performing
Financing (NPF) ratio maintained at 3.75%, in line with the Bank’s target and below the OJK’s threshold
of 5%. On the revenue side, the Bank recorded operational income of IDR 4.9 trillion, surpassing the
target set based on the economic situation in 2024.
The Bank allocated provisions of IDR 1.4 trillion as a risk mitigation measure. The Bank’s net profit for
2024 was recorded at IDR 1.1 trillion, a slight decrease of 1.8% compared to 2023, which aligns with the
Bank’s strategy previously outlined.
The Bank’s Capital Adequacy Ratio (CAR) remained strong at 53.2%, up from 51.6% in the previous
year, and was above both the target set and the regulatory requirement.
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The substantial provisions made by the Bank reflect its cautious approach in facing the economic
Tbk
Syariah
challenges of 2024, ensuring the Bank’s sustainability while continuing to foster excellent behavior in
Syariah
inclusive customers for the future.
BTPN
use of funds from public offering proceeds
BTPN
Bank
In 2024, BTPN Syariah did not conduct any public offerings.
Bank
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important information on corporate actions (investment, expansion, divestment, mergers &
acquisitions, debt or capital restructuring, transactions with conflicts of interest)
BTPN Syariah did not undertake any corporate actions (investment, expansion, divestment, mergers
and acquisitions, debt or capital restructuring, or transactions with conflicts of interest) during 2024.
changes in regulations with significant impact on BTPN Syariah
As of December 31, 2024, there were no regulatory changes that had a significant impact on the
financial condition of BTPN Syariah.
changes in accounting policies
The accounting standards that became effective on January 1, 2024, and are relevant to the Bank’s
consolidated financial statements, did not result in any significant changes to the Bank’s and
Susidiaries’ accounting policies or the amounts reported in the current or previous year.
Details of the accounting policies are outlined in Note 2F of BTPN Syariah’s 2024 Financial Statements.
prospects for 2025
The projection for 2025 shows continued high global geopolitical tensions, which may even intensify.
The Russia-Ukraine conflict, tensions in the South China Sea, the China-Taiwan dispute, and the
Israel-Hamas conflict remain ongoing with no clear end in sight. Additionally, the trade war between
the United States and China is expected to escalate again in 2025, especially after the re-election
of Donald Trump as President of the United States in November 2024, with policies prioritizing
domestic economic interests over global ones. This situation could put pressure on exchange rates and
commodity prices, leading to higher inflation and increased global economic uncertainty.
Global economic growth in 2024 is projected to decrease to 1.72% (YoY), down from 1.83% in 2023, and
is expected to fall further to 1.71% in 2025. Growth in emerging economies is also projected to decline
in 2024 compared to the previous year. The following is a graph showing the global economic growth,
growth in developed countries, and growth in emerging countries.
world economic growth
8.00 forecast
6.576.04
6.00
5.10 5.18 3.86 4.22 4.26
4.64 4.54 4.51 4.44 6.08 3.97
4.00 3.51 3.84 3.63
3.43 3.26 3.55 3.25
2.46 2.62 2.91 3.33 3.23
2.00 2.06 2.36 3.03
1.84 1.81 1.72 1.71
-0.04 1.83
0.00
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
-2.00
-2.69
-4.00 -3.89
-6.00
PT Bank BTPN Syariah Tbk
World GDP Growth yoy Develop Countries GDP Growth yoy
Emerging Countries GDP Growth yoy
Data Source : Bloomberg, IMF projection
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Interest rates in 2025 are expected to decrease. Global inflation is also projected to decline from 5.9%
in 2024 to 5.49% in 2025. Inflation in the United States is predicted to drop to 2% from the previous 2%
in 2024, while inflation in China is expected to rise from 1% in 2024 to 2% in 2025, following a negative
inflation rate of -0.3% in 2023.
Indonesia’s projected economic growth in 2025 is positive, at 4.26% YoY. This growth is driven by
increased consumer spending post-2024 elections, the completion of infrastructure projects, and
investments in human resources. While the economy has not fully returned to pre-pandemic levels,
consumer purchasing power is expected to improve with inflation controlled at around 2.5% YoY.
Interest rates in 2025 are expected to decrease compared to the previous year. Bank Indonesia is
projected to reduce the benchmark interest rate (BI Rate) by a total of 75 basis points, in line with the
expected reduction in the U.S. benchmark interest rate (by 75-100 bps).
The exchange rate of the Rupiah at the end of 2025 is expected to remain relatively stable compared
to 2024, with some pressure due to global dynamics. However, high investor confidence in Indonesia’s
economy is expected to sustain investment growth, albeit at a limited pace. Economic growth will also
be driven by domestic consumption post-election, the completion of various strategic infrastructure
projects, and the development of human resources.
The following are graphs of the annual economic growth of the global economy, the United States,
China, and Indonesia:
world GDP vs US vs CH vs ID
8.40 forecast
7.40
7.00 6.80 6.90 6.70 6.57
6.00
5.03 5.07 5.17 6.10 5.31 5.05 5.00 5,10
5.01 4.88
5.02 4.80 4,50
3.51 3.84 3.63 3.55 3.33
3.43 3.26 2.91
3.74 3.23 3,25
2.50 3.00
2.30 2.70 3.00 2.50 2.90 2.80 2,20
1.80 2.50 2.20
0
5
4
3
2
8
5
6
4
9
1
7
(2,00)
-2
-2
-2
-2
-2
-2
-1
-1
-1
-1
-1
-1
ec
ec
ec
ec
ec
ec
ec
ec
ec
ec
ec
ec
(2,20)
D
D
D
D
D
D
D
D
D
D
D
D
(2,69)
World GDP US GDP CN GDP ID GDP
Data Source : Bloomberg, IMF projection
Indonesia’s inflation in 2025 is projected to remain stable at 2.6% YoY, the same as the projection for
2024, but lower than the inflation rate in 2023, which reached 2.81% YoY. Below is the graph showing
the inflation rates of the global economy, the United States, China, and Indonesia:
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
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annual report 2024 | management discussion and analysis
world Inflation vs US vs China vs Indo
12.00
forecast
10.00 9.65
8.00
7.00
6.50
5.49 5.90
6.00
4.50 5.74 4.50
4.00 3.35 3.62 3.61 3.70 5.51 3.40
3.43 2.90
2.72 2.60
3.02 2.10 2.08 1.87
3.13 1.80 2.60
2.00 1.60 2.30 2.81
2.10 1.80 1.90 1.68 2.00
1.50 (0.30)
0.70 0.20 1.00
15 6 7 8 9 0 1 2 3 4 5
(2.00) ec- -1 -1 -1 -1 -2 -2 -2 -2 -2 -2
ec ec ec ec ec ec ec ec ec ec
D D D D D D D D D D D
World Inflation US Inflation CN Inflation ID Inflation
Data Source : Bloomberg, IMF projection
Indonesia’s economic growth in 2025 is projected to reach 5.2% YoY, supported by the recovery of
investments, consumer spending, government expenditure, and the implementation of new government
policies, such as the ban on raw mineral exports and the downstreaming of the mineral and coal
industry, as well as human resource development. Inflation is expected to be controlled at 2.5%, in line
with Bank Indonesia’s inflation target (2% ± 1%). The benchmark BI interest rate (BI 7-Day Reverse
Repo Rate) is projected to decrease by 75 bps to 5%, in line with interest rate cuts by The Fed. This
condition is expected to reduce pressure on the current account deficit (CAD) and maintain the
Rupiah exchange rate at around IDR 16,000/USD. Below is the projection of key economic indicators in
Indonesia’s 2025 State Budget (APBN):
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Gross Domestic 4,94 5,19 5,18 4,96 -2,17 5,30 5,01 5,04 5,2 5,2
Product (GDP)
(% YoY change)
Inflation (%) 3,02 3,61 3,13 2,72 1,68 1,87 5,51 2,81 2,80 2,50
Exchange Rate 13.473 13.568 14.390 13.866 14.050 14.253 15.568 15.397 15.000 16.000
(USD/IDR)
Benchmark Interest 4,75 4,25 6 5 3,75 3,5 5,5 6 5,5 4,75
Rate (%)
10-Year Government 7,97 6,32 8,03 7,06 5,89 6,38 6,94 6,48 6,7 7
Bond Yield (%)
Current Account of -1,82 -1,59 -2,94 -2,7 -0,42 0,30 1 -0,16 -0,7 -1
GDP (%)
Budget of GDP (%) -2,49 -2,51 -1,82 -2,2 -6,14 -4,57 -2,35 -2,33 -2,55 -2,7
Population 258 261 264 267 270 273 276 279 281 284
(in million)
PT Bank BTPN Syariah Tbk
Poverty Rate 10,7 10,1 10 9,8 10,19 9,71 9,54 9,36 7,5 8
(% of population)
Unemployment Rate 5,61 5,5 5,3 5,23 7,07 6,49 5,86 5,32 5,7 5
(% of workforce)
Foreign Exchange 116,36 130,20 120,65 129,18 135,90 144,91 137,23 146,3838 150 160
Reserves
(in Billion USD)
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Entering 2025, BTPN Syariah will face ongoing Looking ahead to 2025, the Bank will continue to
challenges from an economy still in the process implement the 4 (Four) pillars of KSI, focusing on
of recovery, particularly for the ultra-micro stabilizing financing for inclusive customers while
segment served by the Bank. The K-shaped driving sustainable growth through strategic
recovery phenomenon, where some economic
synergy and continued product innovation.
sectors recover faster than others, is expected
to continue. As a result, low-income groups
remain vulnerable to economic shocks, including
In stabilizing financing for inclusive customers,
rising prices of essential goods, inflation, and
limited access to business capital. The risk of the Bank is committed to ensuring that 2025
natural disasters, diseases, and accidents further achievements align with the Bank’s Business
increases the vulnerability of these groups. We Plan. The main focus will be on consistently
also observe continuing challenges in group improving financing quality and slowing the
discipline and solidarity in paying installments, decline in growth, so that the balance between
requiring the Bank to continue the envelope- quality and expansion is maintained. With this
based fund collection system (with records approach, the Bank can strengthen its business
kept on the envelope) that have been effective in the ultra-micro segment while continuing to
throughout 2024.
apply optimal prudential principles.
We recognize that the government and In the realm of strategic synergy, the Bank
regulators show a strong commitment to the will strengthen collaboration with its Parent
sharia finance and ultra-micro industries through Entity, SMBCI, and other affiliated companies
various policies, regulations, and initiatives that to leverage expertise, extensive networks, and
support the growth and stability of this sector. business segment diversification. Additionally,
We appreciate efforts to enhance regulations the Bank will continue to explore new products
that align with sharia principles, provide and innovations. We will focus on product
incentives for financial institutions serving the innovation to introduce more advanced solutions
ultra-micro segment, and promote financial for the inclusive community, create new products
education and literacy programs for the public. that can access higher market segments, and
This support will expand financial inclusion, capitalize on new opportunities in the Sharia
improve the economic welfare of low-income segment to expand the Bank’s reach and impact.
communities, and ensure that sharia financial
products and services are accessible to all layers Through the 2025 strategy, which reflects the
of society. 4 (four) pillars of KSI, the Bank will not only
stabilize financing for inclusive customers but
also create sustainable growth with broader
innovation and synergy.
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BTPN Syariah
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marketing
aspects
As a bank focused on serving the ultra-micro segment,
BTPN Syariah develops marketing strategies tailored to the
characteristics and needs of its customers, both in financing and
funding segments. These strategies reflect an inclusive approach
supported by technology to enhance reach and marketing
effectiveness.
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Bank BTPN
BTPN Syariah
Syariah Tbk
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marketing strategy competitive returns, the Bank’s approach to
empowering women from inclusive families
serves as a key attraction for its funding
BTPN Syariah’s business model involves products. We continuously enhance digital
channeling funds from prosperous families to services for customer convenience, including
empower the inclusive communities, particularly improved payment features and easier access
productive women in the ultra-micro segment to information through mobile banking. BTPN
who have not yet been reached by formal Syariah actively educates prospective customers
financial services. Through this business model, on profit-sharing mechanisms, potential risks,
BTPN Syariah’s marketing approach is not and fundamental differences from conventional
only focused on product offerings but also on banking products—both directly at branch offices
building trust and long-term relationships with and through social media. We also optimize
customers. synergies with our parent entity, SMBCI, and
other strategic partners as a part of our strategy
To reach financing customers, the Bank to expand marketing reach.
implements a community-based approach with
a proactive outreach method to reach financing
customers. Community Officers (COs) engage
market share
directly with prospective customers, fostering
relationships and building an understanding In implementing its business model, BTPN
of sharia financing and its benefits. Financial Syariah competes with all sharia and national
literacy is a part of this process, ensuring banks in Indonesia. This market competition can
prospective customers comprehend the be observed through various indicators, including
financing scheme, payment obligations, and the assets, financing, and funding/ Third-Party Funds
importance of responsible financial behavior (DPK).
before accessing financing. This marketing
strategy is also supported by a network of the market share of BTPN Syariah in
existing customers who have already experienced relation to sharia banking (including UUS)
the benefits of BTPN Syariah’s products. and the National Sharia Banking sector
They selectively recommend new prospective
customers and invite them to attend Regular As of November 2024, based on total assets,
Sentra Meetings. enabling financial education to BTPN Syariah’s market share reached 2.39% in
occur organically and sustainably. To strengthen the sharia banking sector (including UUS).
customer engagement, the Bank offers special
appreciation programs, including free umrah Amidst intense competition in the national
trips for those who demonstrate discipline in banking industry, BTPN Syariah has successfully
repayments and actively participate in the navigated the competitive landscape alongside
community. This incentive serves not only as a all national banks in Indonesia. Based on total
token of appreciation but also as motivation for assets, financing, and third-party funds, its
other prospective customers to choose BTPN market share in November 2024 stood at 0.17%,
Syariah’s financing products. 0.13%, and 0.13%, respectively. This reflects
BTPN Syariah’s ability to maintain operational
In the funding segment, the Bank targets performance despite post-COVID challenges in
individuals and institutions looking to invest in the ultra-micro segment.
an inclusive, sharia-based financial scheme. The
Bank’s marketing strategy focuses on building
Tbk
customer trust and innovating sharia banking
Tbk
Syariah
services to reach them. In addition to offering
Bank
PTPT BTPN
Bank Syariah
BTPN
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business
support review
BTPN Syariah’s commitment to consistently fostering excellent
behavior at every level is reflected in the dedication of
#bankirpemberdaya, who strive for more efficient operations,
innovation that creates real impact, and well-maintained risk
management.
human resources
Facing the challenge of financing quality throughout 2024, the Bank remains
consistent in fostering excellent customer behavior as its main strategy. This strategy
requires #bankirpemberdaya who are professional and reliable in serving customers
while also acting as role models for excellent behavior. In this regard, the Community
Officer (CO), as the Bank’s frontline, plays a crucial role. They must possess strong
mental capacity and adequate skills to carry out daily tasks.
Tbk
We recognize the significant challenges in the field. Most of our COs are resilient young
Tbk
Syariah
women who go out every day to reach various sentra, interacting with customers from
Syariah
diverse backgrounds and personalities. Improvement programs, resulting from the
collaboration of all parties at BTPN Syariah, continue to be implemented to support
BTPN
COs in performing their duties more effectively and smoothly. This is expected to
BTPN
enhance engagement and better manage turnover rates.
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2024 performance 2. Leadership development programs for
Distribution Heads. As key leaders in the
financing business line, DHs receive targeted
In accordance with the directives of the Board training to strengthen their leadership
of Directors, the Human Capital Division has capabilities.
implemented various strategic initiatives 3. Various talent development programs.
to ensure the readiness and capacity of These include LEAP (Leaders with Purpose),
#bankirpemberdaya in fostering excellent leadership training for senior leaders, the
customer behavior. We have accelerated the Leadership Refreshment Program, the First
recruitment process and expanded candidate Line Manager Program, and specialized/
functional leadership development initiatives
sourcing for Community Officers (COs) to
within specific directorates. These efforts
address turnover challenges. We also introduced
aim to enhance leadership capacity at all
a more systematic onboarding program for COs organizational levels.
and other new employees, providing them with a 4. Enhancement of “Jendela HC” as the primary
solid foundational experience and understanding Human Capital information portal. Through
as new hires. They undergo offline training and various improvements and communication
intensive assistance from their supervisors and campaigns, the usage of Jendela HC has
senior “mentors” for three months to develop increased significantly. The portal has now
the necessary mindset and skills before entering become the main resource for employees to
access HR-related information more quickly,
the field. Through these activities, they gain
easily, and in a structured manner.
insights into the bank’s mission, their role as
#bankirpemberdaya, and business processes
that cultivate excellent behavior within BDKS. 2025 plan
In 2025, the HC Division will focus more on
Additionally, we have improved the management
reducing turnover among COs, particularly those
of working hours and workloads for COs to
with less than three months of tenure. To achieve
ensure a balance between job demands and
this goal, we will implement several strategic
individual capacity. Furthermore, we have
measures:
strengthened leadership in the field, enabling
supervisors to guide and support their teams
more effectively. With this enhancement, CO First, we will enhance the onboarding program
leaders are expected to provide better care based on a thorough review of its effectiveness.
and guidance to their team members, offering These improvements aim to ensure that COs
gain a clearer understanding of their roles from
effective solutions and direction.
the outset, enabling them to adapt more quickly
Moreover, every employee is required to undergo
in the field.
annual training on Sustainability Financing to
enhance their awareness and understanding of
their role as #bankirpemberdaya. Second, the selection process and talent
development programs for leaders in the
Throughout 2024, the HC Division has continued Financing Business will be made more structured,
to develop various training programs, leadership with a well-defined curriculum covering all levels,
initiatives, and career pathways aligned with the from first-line managers (Business Managers/
company’s human capital development strategy. BMs) to senior leadership roles (Senior BMs and
Several key HR development programs have Business Coaches). Meanwhile, BMXL trainees
been implemented in accordance with the Bank’s will be continuously monitored for their technical
Business Plan (RBB), including: and leadership skill development to ensure the
program delivers its intended outcomes.
1. Implementation of two batches of the
BM Excellaration (BMXL) Program. This Talent and leadership development programs
Tbk
program is similar to a management trainee at both the Head Office and Branch Offices
Tbk
program for future Business Managers
Syariah
will continue at every organizational level
Syariah
(BMs), recruiting top candidates from various
and functional area. This initiative is crucial
universities across Indonesia as well as
from internal employees, particularly high- for maintaining a strong leadership pipeline,
BTPN
ensuring the company remains adaptable and
BTPN
potential COs. The goal is to develop young
leaders with a strong business understanding, agile in facing challenges and changes.
Bank
the ability to guide COs teams and foster
Bank
engagement, and a purpose aligned with
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BTPN Syariah’s mission.
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Third, in enhancing employee engagement and enablement, we will follow up on the action plans that
have been specifically designed for each division. We will ensure their consistent implementation so
that they have a real impact on improving employee motivation and retention.
With these initiatives, HC BTPN Syariah continues to strengthen its role in supporting the Bank’s
mission of creating opportunities for growth and a more meaningful life.
Winda Yustin Meylina
Funding Business Manager Branch Office of Surabaya
Convincing funding customers is not just about the product; it’s about how
their funds can create a real impact on the inclusive community. I always feel
proud when explaining that every rupiah they place in BTPN Syariah helps
resilient women who are brave in entrepreneurship, disciplined, hardworking,
and supportive of each other. This is not just a savings product, it’s about
being part of a social transformation. And for me personally, it feels even more
fulfilling when I can encourage more people to take part in this positive change.
operational
BTPN Syariah prioritizes operational efficiency and effectiveness to support business growth and
customer service. To achieve this goal, the Bank optimizes the use of technology, digitalization, and
automation mechanisms across various operational aspects. These efforts align with our strategy
to collaborate with the Parent Entity and other internal initiatives to maximize resource utilization.
Through these steps, the Bank not only enhances operational efficiency but also ensures that banking
services remain of high quality and meet customer needs.
To support the Bank’s efforts in fostering excellent customer behavior, the Operations Division
strengthens transaction controls carried out by COs to maintain process discipline in the field.
Additionally, internal services related to the provision and maintenance of work infrastructure continue
to be improved, ensuring that field teams can provide optimal service to customers. The Operations
Division is also actively involved in the BM Excellaration 2024 program, assisting in the preparation and
delivery of operational materials and serving as training facilitators for future Business Managers. This
ensures they gain a deep understanding of the essential control mechanisms needed in the field.
2024 performance
The year 2024 continued to present operational challenges, particularly in maintaining process
discipline and financing quality in the ultra-micro segment post-pandemic. Additionally, the Bank had
to ensure that controls and compliance with internal policies and applicable regulations were effectively
implemented.
To address these challenges, the Board of Directors continuously evaluated and refined systems
to make them simpler while maintaining security. Operational teams were provided with regular
PT Bank BTPN Syariah Tbk
training and awareness programs to ensure a thorough understanding and adherence to established
procedures. Control measures were strengthened through the development of monitoring features and
periodic training to enhance awareness of supervision and operational control.
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Various operational automation initiatives that 2025 plan
performed well in 2023 were further advanced
The Bank will focus on achieving operational
in 2024 as part of a continuous performance
process excellence, with key strategies including
improvement strategy. The digitalization of
enhancing operational effectiveness and
services and operational processes, shifting from efficiency through the utilization of technology
physical documentation to electronic media, was and automation; strengthening controls in
further expanded. Additionally, we accelerated operational units to ensure compliance standards
the automation of internal services to enhance and service quality; standardizing staff
the effectiveness of corporate services units knowledge to maintain consistent operational
throughout 2024. services across all units.
The initiatives to be implemented include
In customer data management, the Bank has
developing robotic mechanisms and digitalizing
enhanced validation processes, data quality,
operational processes, optimizing office
and control in 2024. Through the adoption and networks, and maximizing synergies with the
utilization of technology—such as integration Parent Entity to improve operational efficiency
with Dukcapil data and strengthening the and achieve optimal performance.
Anti-Money Laundering system, the Bank has
ensured that all operational processes run more With these various strategies and innovations,
accurately and securely. Additionally, the Bank the Board of Directors will ensure that BTPN
has continued to improve infrastructure and Syariah remains committed to enhancing
operational mechanisms to anticipate potential the quality of operational services, ensuring
cost efficiency, and strengthening the role of
system challenges.
technology in supporting business growth and
empowering ultra-micro segment customers.
Throughout 2024, various operational
developments were implemented in alignment
with the Bank’s Business Plan, including information technology
process digitalization and office network
optimization. Automation efforts across In 2024, The Bank continued to strengthen the
multiple operational functions have successfully role of information technology (IT) as one of
improved service efficiency and effectiveness, the key pillars in supporting inclusive banking
particularly for the ultra-micro segment. The services. In response to increasingly complex
implementation of Robotic Process Automation challenges, the IT strategy is focused on three
and the digitalization of transactions have also main aspects: IT service resilience, cybersecurity
contributed to enhancing service quality. enhancement, and cloud-based technology
optimization. All these initiatives align with the
Operational effectiveness is also reflected in the Bank’s efforts to improve efficiency and security
enhanced capabilities of the head office team and support excellent customer behavior.
and infrastructure improvements, ensuring that
operational support remains optimal even in the 2024 performance
face of system disruptions. To maximize cost
efficiency, banking synergies with the Parent In the IT service resilience aspect, the Bank
Entity have been further strengthened through continues to enhance the capabilities of its
the shared use of office locations. Data Center (DC) and Disaster Recovery Center
(DRC) to ensure optimal service availability,
Recognizing the effectiveness of various even in emergencies. This effort is combined
operational automation processes and aiming with enhanced cybersecurity measures as
to improve efficiency, throughout 2024, BTPN digital threats become increasingly complex
Syariah closed 11 Operational Functional Offices and dynamic. To address these challenges,
Tbk
and optimized 4 others by leveraging shared BTPN Syariah has adopted AI-powered
Tbk
Syariah
locations with the Parent Entity. Additionally, protection technology that enables faster and
Syariah
a dedicated application system has been more accurate threat detection. Additionally,
developed to facilitate the monitoring of improvements in backup and restore systems are
BTPN
infrastructure services, covering both routine also a key part of the risk mitigation strategy to
BTPN
preventive maintenance and repair work. This ensure service continuity.
Bank
system also enables service quality evaluation,
Bank
ensuring that operational infrastructure remains
PTPT
well-maintained and efficient.
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annual report 2024 | management discussion and analysis
We also pay special attention to cybersecurity challenges, particularly aligning projects with
governance. The Bank continuously updates its predefined scope, budget, and timeline. The
Cyber Security Framework to align with the complexity of cybersecurity management and
latest regulations and enhances visibility over the readiness of human resources to adopt
high-risk digital assets. Through the Threat new technologies are also major concerns. To
Intelligence and End-Point Detection & Response overcome these challenges, the Bank is adopting
(EDR), the Bank aims to build a more responsive more refined project planning mechanisms,
defense system against potential cyber threats. strengthening cross-team collaboration, and
Moreover, the Security Risk Awareness program providing continuous training for the IT team to
and cyber attack simulation exercises (Cyber accelerate the adoption of new technologies.
Security Table top Exercise) are conducted to
foster a strong security culture throughout the Close the year 2024, the Bank has achieved
organization. significant milestones in IT system development
and optimization. One of the key achievements
In addition to ensuring system reliability, BTPN was the advancement of the digital front-end
Syariah integrates technology to support system, further enhancing customer convenience
customer empowerment. One of the key and security. The implementation of biometric
initiatives in 2024 is the implementation of authentication for PRS disbursements and
biometric authentication across various banking mobile banking access for financing customers
services. This technology enhances transaction represents a major step in simplifying
security and promotes customer discipline transactions and expanding service accessibility.
through a biometric attendance system at Additionally, the Bank successfully integrated
service centers. This effort aligns with the Bank’s cash deposit services through third-party
focus on fostering superior customer behavior. providers, offering customers greater flexibility in
Other innovations include financial services banking transactions.
digitalization through the SiTepat mobile banking
application to provide customers with broader In the innovation aspect, BTPN Syariah is
access to manage their financing. The Bank has exploring artificial intelligence and machine
also developed a cloud-based data warehouse learning (ML) to enhance customer presence
system to accelerate information processing, validation. This technology not only improves
enabling more effective data-based decision- system accuracy but also increases efficiency in
making. customer data management. By implementing
these advanced technologies, the Bank remains
In the IT governance aspect, BTPN Syariah committed to developing a more inclusive,
continues to align its IT governance policies and secure, and customer-oriented digital banking
procedures with regulations such as POJK, Bank ecosystem.
Indonesia, the Deposit Insurance Corporation,
Data Protection regulations, and the Digital 2025 plan
Maturity Assessment for Banks (SEOJK DMAB).
One of the key initiatives implemented is the Based on the achievements in 2024, we have
Cloud Center of Excellence (CCOE) and the identified several areas for improvement
Citizen Development Organization (COE) that will be the focus of future development,
establishments, which aim to standardize the including the protection of systems, data, and IT
management and development of cloud-based infrastructure. The Bank needs to enhance the
technology. scalability of its hybrid cloud to ensure reliable
and available services under various conditions.
Furthermore, the Bank is strengthening its Therefore, the use of AI in cybersecurity needs
compliance risk evaluation mechanisms, including to be continuously improved to strengthen
a Risk-Based Approach (RBA) in the Anti-Money detection and response systems against
PT Bank BTPN Syariah Tbk
Laundering and Counter-Terrorism Financing increasingly complex digital threats.
(AML-CTF) program. This process ensures
that all technology implementations remain Strengthening personal data protection remains
within legal frameworks and applicable security a priority to comply with stricter security
standards. standards and enhance customer trust in digital
banking services. Synergy with SMBCI will be
While various strategic initiatives have been further reinforced to explore new technologies to
planned, IT implementation in 2024 still faces improve service efficiency.
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The Bank aims to achieve IT cost efficiency recovery. Additionally, we strive to ensure
while maintaining service quality by optimizing the adequacy and availability of Policies and
infrastructure and utilizing cloud technology. Procedures, risk management measurement
Key strategic initiatives include a comprehensive tools, and technological systems to support
review of IT expenditures, accelerating the risk management efforts in alignment with the
adoption of the latest technologies through Bank’s goal of fostering excellent behavior.
collaboration with SMBCI, and implementing
new technology for cybersecurity and data risk management focus
protection.
Continuing the implementation of Risk
In addition to the technology aspect, the Bank Management from the previous year, the Risk
prioritizes strengthening IT human resource Management Unit (SKMR) at BTPN Syariah
capabilities. Continuous training is a priority remains focused on managing Credit Risk and
to ensure the IT team can adapt to the latest Operational Risk, Liquidity Risk, while also
technological advancements and implement strengthening Market Risk Management in
innovations effectively. Through these strategic 2024. Additionally, the Bank has reinforced
initiatives, BTPN Syariah is committed to cybersecurity management in line with its
continually enhancing digital services to be more ongoing digitalization efforts, enhanced personal
responsive, secure, and efficient for customers data protection, developed a Recovery Plan and
and all stakeholders. Resolution Plan, and is preparing for the Climate
Risk Management Scenario Analysis in 2025
risk management to support OJK’s initiatives for financial sector
development and resilience.
The year 2024 continues to present challenges
for the financial services sector, particularly In Credit Risk Management, the Bank focuses
for banks serving the ultra-micro segment like on three key areas: customer acquisition,
BTPN Syariah. The long-term effects of the customer maintenance, and collections. The
COVID-19 pandemic (scarring effect) are still felt customer acquisition process follows a selective
by our pre-inclusive customers, making business approach, ensuring that only customers with
recovery efforts an ongoing challenge for them. appropriate risk profiles are accepted. This
On the other hand, BTPN Syariah remains process is supported by the envelope-based
committed to providing financing to help the fund collection system (with records kept on the
inclusive community lead a more meaningful envelope) to strengthen their commitment and
life. Following the Board of Directors’ direction, shared responsibility. This approach encourages
the Bank has enhanced risk awareness across prudence among customers when recommending
all aspects, particularly in financing distribution new members. Meanwhile, customer
to customers. To this end, we apply prudential maintenance efforts emphasize a proactive
principles to maintain credit portfolio quality relationship approach to maintain a healthy
while also supporting customers’ economic credit portfolio. In this regard, Community
Wulandhari Fitri
Quality Assurance Process Development
Tbk
Tbk
Working in the Bank’s operations is not just about ensuring smooth processes
Syariah
but also about how we apply the values of Professionalism, Integrity, Mutual
Syariah
Respect, and Cooperation (PRISMA) as part of our excellent behavior. Every
piece of data we manage, every transaction we process—everything is done
BTPN
with discipline, accuracy, and efficiency. Because we understand that fast,
BTPN
precise, and reliable services help customers focus on their businesses. Behind
the scenes, we are #bankirpemberdaya, ensuring seamless operations to
Bank
Bank
support customers in realizing their goodwill more quickly.
PTPT
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annual report 2024 | management discussion and analysis
Officers (COs), who regularly meet customers, serve as role models, fostering excellent behaviors
based on Courage, Discipline, Hard Work, and Mutual Assistance (BDKS). Lastly, the collections process
is optimized through a more efficient system, ensuring smooth customer repaymentsand mitigating
non-performing credit risks.
In managing Operational Risk, the Bank focuses on the operational aspects of financing activities
by strengthening risk management infrastructure, both in terms of technology systems and
methodologies. Meanwhile, in managing Market Risk, the Bank focuses on the readiness of technology
systems and risk management methodologies.
All these priorities align with BTPN Syariah’s Risk Management framework and serve as a strategy to
ensure the achievement of the Risk Objective (Bank Business Plan) in accordance with the established
Risk Appetite and Risk Tolerance. In implementing the risk management system, BTPN Syariah is built
upon the foundations of Good Corporate Governance and Risk Awareness, with four main pillars, which
consist of:
1. Active supervision by the Board of Directors, Board of Commissioners, and
Sharia Supervisory Board
BTPN Syariah has established a solid organizational structure to support the effective
implementation of risk management. At the Board of Commissioners level, supervision is carried
out through the Audit Committee, Risk Monitoring Committee, and Nomination and Remuneration
Committee, which regularly provide strategic direction to the Board of Directors and monitor the
implementation of the given recommendations.
At the Board of Directors level, risk management implementation is supported by various
committees, including the Asset and Liability Management Committee (ALCO), Risk Management
Committee, Information Technology Steering Committee, Human Capital Committee, Business
Committee, and Financing Policy Committee. The Board of Directors is also strengthened by the
Risk Management Unit and Compliance Unit, which play roles in overseeing and implementing
risk policies. Strategic decisions are made through regular meetings of the Board of Directors and
committees, with strict monitoring of each recommendation provided.
Meanwhile, compliance and sharia risk management oversight is carried out by the Sharia
Supervisory Board (DPS) in collaboration with the Compliance Unit and the Risk Management Unit
to ensure adherence to sharia principles and effective risk management. The DPS holds regular
meetings and field visits to provide recommendations, which are then monitored for implementation
by the Compliance Unit.
2. Adequacy of risk management policies and procedures, and risk limit setting
Risk management policies and procedures must always be aligned with business strategy, risk
tolerance, and risk limits. Additionally, these policies and procedures are reinforced with risk
tolerance and limits, both at the portfolio and transaction levels. Through this approach, the Bank
ensures that all aspects of risk management are effectively integrated, preemptive in responding to
potential risks, and adaptive in facing the ever-evolving business dynamics.
3. Adequacy of risk identification, measurement, monitoring, and control processes, as well as the risk
management information system
BTPN Syariah implements a structured process in identifying, measuring, and controlling ten (10)
key types of risk: credit risk, market risk, liquidity risk, operational risk, compliance risk, legal risk,
PT Bank BTPN Syariah Tbk
strategic risk, reputational risk, investment risk, and return risk. Risk management is carried out in
accordance with the established Risk Framework to ensure effective mitigation and supervision.
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4. A comprehensive internal control system as the risk management implementation structure and the
application of the three lines of defense, as illustrated in this diagram.
internal control system
Risk Monitoring Committee and Audit Committee
Board of Directors
1st Line of Defence 2nd Line of Defence 3rd Line of Defence
Line Management Control
Risk Management
(PUK)
Internal Audit Unit
(SKAI)
Quality Assurance
Compliance
(QA)
the risk management strategy and its challenges
In 2024, the risk management strategy is centered on strengthening infrastructure, advancing
methodologies, and fostering a risk-aware culture across the organization. The initiatives and
programs implemented build upon the measures taken in 2023, with an added focus on Market
Risk management. Infrastructure enhancement is undertaken by ensuring the adequacy of policies
and procedures, providing robust risk measurement tools, and developing technological systems
that support comprehensive risk management. Key initiatives in this area include the completion of
the Operational Risk System (ORBAS) and the Risk Dashboard (PRISMA), which serve as essential
tools for risk identification, measurement, and oversight. From a methodological perspective, the
Bank continues to refine its approach by adopting industry best practices and aligning with the risk
management implementation standards established by SMBCI, its parent entity.
Throughout 2024, the implementation of the Bank’s risk management strategy faced several
challenges, both system-related and non-system-related. System-related obstacles typically arose due
to bugs during the piloting or production phases, which were subsequently addressed through code
enhancements and system improvements. Meanwhile, non-system challenges were primarily associated
with stakeholder capacity, which was mitigated through training programs and knowledge transfer
initiatives from SMBCI, the parent entity, ensuring alignment in risk management implementation.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | management discussion and analysis
2024 performance management of 10 types of risk
Throughout 2024, BTPN Syariah has In accordance with regulatory provisions, the
implemented the four main pillars of Good Bank applies ten types of risks for both the
Corporate Governance and Risk Awareness Individual Bank and the Consolidated Bank,
as the foundation of its Risk Management including BTPN Syariah Ventura as a subsidiary.
framework, serving as a strategy to maintain the These risks include Credit Risk, Market Risk,
Bank’s risk profile. Liquidity Risk, Operational Risk, Compliance
Risk, Legal Risk, Strategic Risk, Reputation Risk,
The oversight functions of the Board of Directors, Investment Risk, and Return Risk. Throughout
Board of Commissioners, and the Sharia 2024, these ten risks were addressed using the
Supervisory Board (DPS) have been carried out developed Risk Framework.
optimally through both in-person and virtual
meetings. Attendance and participation levels of However, based on BTPN Syariah’s business
members in meetings have met the applicable model, the Bank’s primary risk management
regulations, with systematic documentation focus throughout 2024 is directed towards three
ensuring the effective execution of follow-up main risks: Credit Risk, Operational Risk, and
decisions. This structure enables the Bank to Liquidity Risk. Overall, the effectiveness of the
uphold transparency, accountability, and the Bank’s risk management system is assessed as
sustainable quality of risk management. satisfactory, with the Board of Directors, Board
of Commissioners, and the Audit Committee
The Bank has also established risk management evaluating that the adequacy of the risk
policies and procedures aligned with its business management system has met the established
strategy, risk tolerance, and risk limits. The standards.
success of this implementation is reflected in a
deep understanding of operational complexity, 1. credit risk
risk profiles, inter-risk relationships, regulatory The long-term impact of the COVID-19
compliance, and sound banking practices. pandemic on the ultra-micro segment in
2024 continues to pose significant challenges
In 2024, in accordance with SEOJK No. 25/ regarding the quality of the financing
SEOJK.03/2023 concerning the Implementation portfolio. From an internal perspective, the
of Risk Management for Sharia Commercial irregular attendance of clients at scheduled
Banks and Sharia Business Units, the Bank has group meetings adversely affects the
also implemented Sharia risk management repayment rates of financing. Furthermore,
functions to support the active supervision of the high turnover rate among our Community
DPS. Officers (COs) restricts the availability of role
models necessary for the reconstruction of
The Bank’s Individual Soundness Level Rating excellent BDKS behavior. These circumstances
for the first and second semesters of 2024 was contribute to an increased risk of clients
2 (Healthy), based on an individual assessment failing to fulfill their obligations to the Bank in
comprising a Composite Risk Profile rating of accordance with the agreements established
2 (Low to Moderate), Profitability rating of 1 through the Sharia Financing product.
(Highly Adequate), Capital rating of 1 (Highly
Adequate), and Good Corporate Governance
rating of 2 (Good).
PT Bank BTPN Syariah Tbk
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To ensure optimal management and The Bank has also established Financing
mitigation of credit risk, the Bank has Approval Authority Limits, ensuring that
undertaken a comprehensive review of the approvals are granted only by officers with
financing disbursement process, implemented the required qualifications in accordance
stringent monitoring of relevant indicators, with applicable regulations. Additionally, a
and executed an action plan aimed at Maximum Fund Disbursement Limit has been
enhancing the quality of financing. The set to ensure that financing does not exceed
envelope-based fund collection system, the limits imposed by regulatory authorities.
initiated in 2024, also serves to mitigate
credit risk. This approach reinforces the adequacy of risk identification, measurement,
commitment and shared responsibility monitoring, and risk control
among clients, thereby encouraging group
members to exercise greater caution when The Bank’s credit risk management
recommending new clients. is carried out through an integrated
process, encompassing risk identification,
The Bank is further strengthening its support measurement, monitoring, and mitigation.
for digital applications and platforms to
enable COs to effectively serve inclusive Risk identification is conducted by
clients. Additionally, the Bank remains establishing Risk Acceptance Criteria (RAC)
committed to monitoring clients’ businesses, for prospective customers seeking financing
analyzing their repayment capacities, and and analyzing each financing application.
fostering positive relationships between Additionally, assessments are carried out on
clients and #bankirpemberdaya in the field. products, programs, pilot projects, and other
business initiatives that may impact credit
adequacy of policies, procedures, and limit risk exposure.
setting
Credit risk measurement is performed
The Bank continues to enhance the using the transition matrix-based portfolio
implementation of prudential principles in its approach. Portfolio quality indicators
financing processes. This effort is carried out measured include the roll rate for each
through regular reviews and refinements of Days Past Due (DPD) bucket, the special
financing policies, ensuring alignment with mention ratio to the total portfolio, the
the latest socio-economic developments and Non-Performing Financing (NPF) ratio to
regulatory requirements, including compliance total financing, and the adequacy ratio of
with Sharia principles. reserves for problematic portfolios. Based
on the results of risk identification and
The implementation of credit risk measurement, the Bank conducts regular
management is supported by policies, monitoring and reporting to the Board of
procedures, and limit-setting as Directors and Board of Commissioners
comprehensive and detailed guidelines through the Risk Management Committee
for financing operations and proactive and the Risk Monitoring Committee, in
risk management. This framework accordance with the Bank’s risk management
covers all processes, from financing information system.
applications, analysis, approval, monitoring,
documentation, and control to recovery or
Tbk
restructuring measures.
Bank
PTPT BTPN
Bank Syariah
BTPN Tbk
Syariah
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annual report 2024 | management discussion and analysis
internal control system Impairment occurs when there is objective
evidence of one or more adverse events that
The financing business activities are have taken place after the initial recognition
supported by the Quality Assurance function, of the financing. These adverse events must
which ensures that all processes comply be reliably estimable and have an impact
with the applicable policies and procedures. on the estimated future cash flows of the
Regular inspections are conducted, both financial asset or group of financial assets.
for performance assessment and specific
objectives, with all findings reported for approach to provision for allowance for
follow-up by the relevant work units. impairment losses
definition of impairment of receivables The Bank calculates impairment loss reserves
using the collective method, in accordance
The Bank applies the incurred loss model in with PSAK 55 on Financial Instruments:
recognizing impairment losses on financial Recognition and Measurement. Losses
assets for accounting purposes. Losses recognized in the financial statements only
are recognized only when there is objective include those that have occurred as of the
evidence of a specific adverse event. This reporting date, based on objective evidence.
is a key consideration in evaluating the
impairment of financing, particularly for credit risk disclosure with standard approach
principal or margin payments overdue by
more than 90 days or in cases of breaches of The Bank calculates Risk-Weighted Assets
the original contract. (RWA) for Credit Risk based on SEOJK No.
34/SEOJK.03/2015 concerning the calculation
The evaluation is conducted collectively, of RWA for Credit Risk using the Standardized
taking into account various factors such as Approach for Islamic Commercial Banks, as
the debtor’s ability to recover their financial well as its subsequent amendments.
condition, projected receipts and expected
costs in the event of insolvency, other financial
support including insurance claims, and the
estimated timing of cash flow recovery. The
allowance for impairment losses is assessed
at each reporting date.
PT Bank BTPN Syariah Tbk
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1.1 disclosure of net receivables by region - bank only
as of December 31, 2024
net receivables by region
no portfolio category
Bali and Nusa
Java Sumatera
Tenggara
(1) (2) (3) (4) (5)
1 Receivables on Sovereign 9,553,395 - -
2 Receivables on Public Sector Entities - - -
3 Receivables on Multilateral Development Banks and - - -
International Institutions
4 Receivables on Banks 819,227 - -
5 Loans Secured by Residential Property - - -
6 Loans Secured by Commercial Real Estate - - -
7 Employee/Retiree Loans - - -
8 Receivables on Micro, Small Businesses and Retail 5,169,083 410,477 2,655,194
Portfolios
9 Receivables on Corporations 851,847 - -
10 Past Due Receivables 3,105 33 145
11 Other Assets 638,236 38,806 230,500
Total 17,034,893 449,316 2,885,839
1.2 disclosure of net receivables by region - consolidated with subsidiaries
as of december 31, 2024
net receivables by region
no portfolio category
Bali and Nusa
Java Sumatera
Tenggara
(1) (2) (3) (4) (5)
1 Receivables on Sovereign 9,553,395 - -
2 Receivables on Public Sector Entities - - -
3 Receivables on Multilateral Development Banks and - - -
International Institutions
4 Receivables on Banks 1,068,989 - -
5 Loans Secured by Residential Property - - -
6 Loans Secured by Commercial Real Estate - - -
7 Employee/Retiree Loans - - -
8 Receivables on Micro, Small Businesses and Retail 5,169,083 410,477 2,655,194
Portfolios
9 Receivables on Corporations 904,610 - -
10 Past Due Receivables 3,105 33 145
11 Other Assets 638,236 38,806 230,500
Tbk
Tbk
Total 17,034,893 449,316 2,885,839
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah
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annual report 2024 | management discussion and analysis
(in million rupiah)
as of december 31, 2023
net receivables by region
Kalimantan, Kalimantan,
Bali and Nusa
Sulawesi, total Java Sumatera Sulawesi, total
Tenggara
Maluku & Papua Maluku & Papua
(6) (7) (8) (9) (10) (11) (12)
- 9,553,395 8,295,962 - - - 8,295,962
- - 456,003 - - - 456,003
- - - - - - -
- 819,227 582,884 - - - 582,884
- - - - - - -
- - - - - - -
- - - - - - -
555,154 8,789,908 6,396,691 453,901 2,828,793 587,406 10,266,791
- 851,847 39,281 - - - 39,281
23 3,306 27,214 787 3,572 1,191 32,764
80,147 987,689 655,399 33,081 203,644 64,735 956,859
635,324 21,005,372 16,453,434 487,769 3,036,009 653,332 20,630,544
(in million rupiah)
as of december 31, 2023
net receivables by region
Kalimantan, Kalimantan,
Bali and Nusa
Sulawesi, total Java Sumatera Sulawesi, total
Tenggara
Maluku & Papua Maluku & Papua
(6) (7) (8) (9) (10) (11) (12)
- 9,553,395 8,295,962 - - - 8,295,962
- - 456,003 - - - 456,003
- - - - - - -
- 1,068,989 823,288 - - - 823,288
- - - - - - -
- - - - - - -
- - - - - - -
555,154 8,789,908 6,396,691 453,901 2,828,793 587,406 10,266,791
- 904,610 119,345 - - - 119,345
23 3,306 27,214 787 3,572 1,191 32,764
80,147 987,710 655,417 33,081 203,644 64,735 956,877
PT Bank BTPN Syariah Tbk
635,324 21,307,918 16,773,920 487,769 3,036,009 653,332 20,951,030
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2.1 disclosure of net receivables based on remaining contract term - individual banks
as of december 31, 2024
net receivables by residual contract maturity
no portfolio category
> 1 year to 3 > 3 years to 5
< 1 year
years years
(1) (2) (3) (4) (5)
1 Receivables on Sovereign 5,826,435 1,745,393 1,312,238
2 Receivables on Public Sector Entities - - -
3 Receivables on Multilateral Development Banks and - - -
International Institutions
4 Receivables on Banks 675,000 142,032 -
5 Loans Secured by Residential Property - - -
6 Loans Secured by Commercial Real Estate - - -
7 Employee/Retiree Loans - - -
8 Receivables on Micro, Small Businesses, and Retail 6,891,687 1,898,209 12
Portfolios
9 Receivables on Corporations 851,847 - -
10 Past Due Receivables 2,882 424 -
11 Other Assets - - -
Total 14,247,851 3,786,058 1,312,250
2.2 disclosure of net receivables based on remaining contract term - consolidated with subsidiaries
as of december 31, 2024
Net Receivables by Residual Contract Maturity
no portfolio category
> 1 year to 3 > 3 years to 5
< 1 year
years years
(1) (2) (3) (4) (5)
1 Receivables on Sovereign 5,826,435 1,745,393 1,312,238
2 Receivables on Public Sector Entities - - -
3 Receivables on Multilateral Development Banks and - - -
International Institutions
4 Receivables on Banks 922,000 142,032 -
5 Loans Secured by Residential Property - - -
6 Loans Secured by Commercial Real Estate - - -
7 Employee/Retiree Loans - - -
8 Receivables on Micro, Small Businesses, and Retail 6,891,687 1,898,209 12
Portfolios
9 Receivables on Corporations 904,610 - -
Tbk
Tbk
10 Past Due Receivables
Syariah
2,882 424 -
Syariah
11 Other Assets - - -
BTPN
Total 14,547,614 3,786,058 1,312,250
Bank
PTPT BTPN
Bank
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annual report 2024 | management discussion and analysis
(in million rupiah)
as of december 31, 2023
net receivables by residual contract maturity
non > 1 year to 3 > 3 years to 5 non
total < 1 year total
contractual years years contractual
(6) (7) (8) (9) (10) (11) (12)
669,329 9,553,395 4,845,315 1,887,934 899,270 663,443 8,295,962
- - 305,183 100,730 50,090 - 456,003
- - - - - - -
2,195 819,227 568,169 10,000 - 4,715 582,884
- - - - - - -
- - - - - - -
- - - - - - -
- 8,789,908 7,665,125 2,598,542 3,124 - 10,266,791
- 851,847 34,825 4,456 - - 39,281
- 3,306 30,952 1,779 33 - 32,764
987,689 987,689 - - - 956,859 956,859
1,659,213 21,005,372 13,449,569 4,603,441 952,517 1,625,017 20,630,544
(in million rupiah)
as of december 31, 2023
net receivables by residual contract maturity
non > 1 year to 3 > 3 years to 5 non
total < 1 year total
contractual years years contractual
(6) (7) (8) (9) (10) (11) (12)
669,329 9,553,395 4,845,315 1,887,934 899,270 663,443 8,295,962
- - 305,183 100,730 50,090 - 456,003
- - - - - - -
4,957 1,068,989 806,169 10,000 - 7,119 823,288
- - - - - - -
- - - - - - -
- - - - - - -
- 8,789,908 7,665,125 2,598,542 3,124 - 10,266,791
- 904,610 34,825 4,456 - 80,064 119,345
PT Bank BTPN Syariah Tbk
- 3,306 30,952 1,779 33 - 32,764
987,710 987,710 - - - 956,877 956,877
1,661,996 21,307,918 13,687,569 4,603,441 952,517 1,707,503 20,951,030
177
Page 179
3.1 disclosure of net receivables based on economic sector - bank only
receivables on
multilateral
receivables on
receivables on development receivables on
no portfolio category public sector
sovereign bank and bank
entities
international
institutions
(1) (2) (3) (4) (5) (6)
as of December 31, 2023
1 Agriculture, Hunting and Forestry - - - -
2 Fisheries - - - -
3 Mining and Excavation - - - -
4 Manufacturing - - - -
5 Electricity, Gas and Water - - - -
6 Construction - - - -
7 Wholesale and Retail Trading - - - -
8 Accommodation and Food & Beverages - - - -
Services
9 Transportation, Warehousing and - - - -
Communication
10 Financial Intermediaries - - - -
11 Real Estate, Rental Business and Corporate - - - -
Services
12 Government Administration, Defense and - - - -
Compulsory Social Security
13 Education Services - - - -
14 Health Services and Social Services - - - -
15 Social, Socio-cultural, Entertainment and - - - -
Other Personal Services
16 Personal Household Services - - - -
17 International Institutions and Other Extra - - - -
International Institutions
18 Undefined Services - - - -
19 Non-Productive Sector - - - -
20 Others 9,553,395 - - 819,227
Total 9,553,395 - - 819,227
as of December 31, 2023
1 Agriculture, Hunting and Forestry - - - -
2 Fisheries - - - -
3 Mining and Excavation - - - -
4 Manufacturing - - - -
5 Electricity, Gas and Water - - - -
6 Construction - - - -
Tbk
7 Wholesale and Retail Trading - - - -
Tbk
Syariah
8 Accommodation and Food & Beverages - - - -
Syariah
Services
9 Transportation, Warehousing and - - - -
BTPN
Communication
BTPN
10 Financial Intermediaries - - - -
Bank
Bank
11 Real Estate, Rental Business and Corporate - - - -
PTPT
Services
178
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annual report 2024 | management discussion and analysis
receivables on
loans secured loans secured micro, small
employee/ receivables on past due
by residential by commercial businesses other assets
retiree loans corporations receivables
property real estate and retail
portfolios
(7) (8) (9) (10) (11) (12) (13)
- - - 1,852,597 11,030 397 -
- - - 109,698 - 21 -
- - - 1 - - -
- - - 897,240 - 341 -
- - - - - - -
- - - - - - -
- - - 5,448,359 14,872 2,409 -
- - - 23 - 1 -
- - - 4 - - -
- - - 1 530,515 5 -
- - - 1 - - -
- - - - - - -
- - - - - - -
- - - 6 - - -
- - - - - - -
- - - 481,922 - 132 -
- - - - - - -
- - - 56 - - -
- - - - - - -
- - - - 295,430 - 987,689
- - - 8,789,908 851,847 3,306 987,689
- - - 1,877,761 - 3,607 -
- - - 120,912 - 255 -
- - - 5 - - -
- - - 877,663 - 2,637 -
- - - - - - -
- - - - - - -
- - - 6,842,206 19,809 24,567 -
PT Bank BTPN Syariah Tbk
- - - 545 - 13 -
- - - 48 - 2 -
- - - 62 19,472 127 -
- - - 12 - - -
179
Page 181
3.1 disclosure of net receivables based on economic sector - bank only
receivables on
multilateral
receivables on
receivables on development receivables on
no portfolio category public sector
sovereign bank and bank
entities
international
institutions
(1) (2) (3) (4) (5) (6)
12 Government Administration, Defense and - - - -
Compulsory Social Security
13 Education Services - - - -
14 Health Services and Social Services - - - -
15 Social, Socio-cultural, Entertainment and - - - -
Other Personal Services
16 Personal Household Services - - - -
17 International Institutions and Other Extra - - - -
International Institutions
18 Undefined Services - - - -
19 Non-Productive Sector - - - -
20 Others 8,295,962 456,003 - 582,884
Total 8,295,962 456,003 - 582,884
3.2 disclosure of net receivables based on economic sector - consolidated with subsidiaries
receivables on
multilateral
receivables on
receivables on development receivables on
no portfolio category public sector
sovereign bank and bank
entities
international
institutions
(1) (2) (3) (4) (5) (6)
as of December 31, 2024
1 Agriculture, Hunting and Forestry - - - -
2 Fishery - - - -
3 Mining and Excavation - - - -
4 Manufacturing - - - -
5 Electricity, Gas and Water - - - -
6 Construction - - - -
7 Wholesale and Retail Trading - - - -
8 Accommodation and Food & Beverages - - - -
Services
9 Transportation, Warehousing and - - - -
Communication
10 Financial Intermediaries - - - -
Tbk
11 Real Estate, Rental Business, and Corporate - - - -
Tbk
Services
Syariah
Syariah
12 Government Administration, Defense and - - - -
Compulsory Social Security
BTPN
13 Education Services - - - -
BTPN
14 Health Services and Social Services - - - -
Bank
15 Community, Socio-cultural, Entertainment, - - - -
Bank
and Other Personal Services
PTPT
180
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annual report 2024 | management discussion and analysis
receivables on
loans secured loans secured micro, small
employee/ receivables on past due
by residential by commercial businesses other assets
retiree loans corporations receivables
property real estate and retail
portfolios
(7) (8) (9) (10) (11) (12) (13)
- - - - - - -
- - - - - - -
- - - 15 - - -
- - - 169 - 3 -
- - - 547,160 - 1,552 -
- - - - - - -
- - - 164 - - -
- - - - - - -
- - - 69 - 1 956,859
- - - 10,266,791 39,281 32,764 956,859
receivables on
loans secured loans secured micro, small
employee/ receivables on past due
by residential by commercial businesses other assets
retiree loans corporations receivables
property real estate and retail
portfolios
(7) (8) (9) (10) (11) (12) (13)
- - - 1,852,597 11,030 397 -
- - - 109,698 - 21 -
- - - 1 - - -
- - - 897,240 - 341 -
- - - - - - -
- - - - - - -
- - - 5,448,359 363,065 2,409 -
- - - 23 - 1 -
- - - 4 - - -
- - - 1 530,515 5 -
- - - 1 - - -
PT Bank BTPN Syariah Tbk
- - - - - - -
- - - - - - -
- - - 6 - - -
- - - - - - -
181
Page 183
3.2 disclosure of net receivables based on economic sector - consolidated with subsidiaries
receivables on
multilateral
receivables on
receivables on development receivables on
no portfolio category public sector
sovereign bank and bank
entities
international
institutions
(1) (2) (3) (4) (5) (6)
16 Personal Household Services - - - -
17 International Institutions and Other Extra - - - -
International Institutions
18 Undefined Services - - - -
19 Non-Productive Sector - - - -
20 Others 9,553,395 - - 1,068,989
Total 9,553,395 - - 1,068,989
as of December 31, 2023
1 Agriculture, Hunting and Forestry - - - -
2 Fishery - - - -
3 Mining and Excavation - - - -
4 Manufacturing - - - -
5 Electricity, Gas and Water - - - -
6 Construction - - - -
7 Wholesale and Retail Trading - - - -
8 Accommodation and Food & Beverages - - - -
Services
9 Transportation, Warehousing and - - - -
Communication
10 Financial Intermediaries - - - -
11 Real Estate, Rental Business and Corporate - - - -
Services
12 Government Administration, Defense and - - - -
Compulsory Social Security
13 Education Services - - - -
14 Health Services and Social Services - - - -
15 Social, Socio-cultural, Entertainment and - - - -
Other Personal Services
16 Personal Household Services - - - -
17 International Institutions and Other Extra - - - -
International Institutions
18 Undefined Services - - - -
19 Non-Productive Sector - - - -
20 Others 8,295,962 456,003 - 823,288
Total 8,295,962 456,003 - 823,288
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
182
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annual report 2024 | management discussion and analysis
receivables on
loans secured loans secured micro, small
employee/ receivables on past due
by residential by commercial businesses other assets
retiree loans corporations receivables
property real estate and retail
portfolios
(7) (8) (9) (10) (11) (12) (13)
- - - 481,922 - 132 -
- - - - - - -
- - - 56 - - -
- - - - - - -
- - - - - - 987,710
- - - 8,789,908 904,610 3,306 987,710
- - - 1,877,761 - 3,607 -
- - - 120,912 - 255 -
- - - 5 - - -
- - - 877,663 - 2,637 -
- - - - - - -
- - - - - - -
- - - 6,842,206 19,809 24,567 -
- - - 545 - 13 -
- - - 48 - 2 -
- - - 62 19,472 127 -
- - - 12 - - -
- - - - - - -
- - - - - - -
- - - 15 - - -
- - - 169 - 3 -
- - - 547,160 - 1,552 -
- - - - - - -
- - - 164 - - -
- - - - - - -
- - - 69 80,064 1 956,877
- - - 10,266,791 119,345 32,764 956,877
PT Bank BTPN Syariah Tbk
183
Page 185
4.1 disclosure of receivables and provision based on region - bank only
as of december 31, 2024
region
no portfolio category
Bali and Nusa
Java Sumatera
Tenggara
(1) (2) (3) (4) (5)
1 Gross claims 17,381,773 472,427 3,026,834
2 Impaired claims
a. Not yet matured - - -
b. Matured 289,916 13,954 60,296
3 Allowance for Impairment Losses - Individual 52 - -
4 Allowance for Impairment Losses - Collective 636,744 37,065 201,290
5 Amounts written-off 4,645,188 207,971 705,333
4.2 disclosure of receivables and provision based on region - consolidated with subsidiaries
as of december 31, 2024
region
no portfolio category
Bali and Nusa
Java Sumatera
Tenggara
(1) (2) (3) (4) (5)
1 Gross claims 17,684,319 472,427 3,026,834
2 Impaired claims
a. Not yet matured - - -
b. Matured 289,916 13,954 60,296
3 Allowance for Impairment Losses - Individual 52 - -
4 Allowance for Impairment Losses - Collective 636,744 37,065 201,290
5 Amounts written-off 4,645,188 207,971 705,333
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
184
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annual report 2024 | management discussion and analysis
(in million rupiah)
as of december 31, 2023
geographic area
Kalimantan, Kalimantan,
Sulawesi, Bali and Nusa Sulawesi,
total Java Sumatera total
Maluku & Tenggara Maluku &
Papua Papua
(6) (7) (8) (9) (10) (11) (12)
667,175 21,548,209 17,203,144 505,504 3,117,438 683,858 21,509,944
- - - - - - -
17,271 381,437 280,712 8,120 33,396 12,288 334,516
- 52 - - - - -
49,123 924,222 1,030,421 25,856 114,825 42,814 1,213,916
278,991 5,837,483 3,291,607 171,581 523,109 218,208 4,204,505
(in million rupiah)
as of december 31, 2023
geographic area
Kalimantan, Kalimantan,
Sulawesi, Bali and Nusa Sulawesi,
total Java Sumatera total
Maluku & Tenggara Maluku &
Papua Papua
(6) (7) (8) (9) (10) (11) (12)
667,175 21,850,755 17,523,630 505,504 3,117,438 683,858 21,830,430
- - - - - - -
17,271 381,437 280,712 8,120 33,396 12,288 334,516
- 52 - - - - -
49,123 924,222 1,030,421 25,856 114,825 42,814 1,213,916
278,991 5,837,483 3,291,607 171,581 523,109 218,208 4,204,505
PT Bank BTPN Syariah Tbk
185
Page 187
5.1 disclosure of receivables and provision based on economic sector - bank only
no portfolio category
(1) (2)
as of December 31, 2024
1 Agriculture, Hunting and Forestry
2 Fishery
3 Mining and Excavation
4 Manufacturing
5 Electricity, Gas and Water
6 Construction
7 Wholesale and Retail Trading
8 Accommodation and Food & Beverages Services
9 Transportation, Warehousing and Communication
10 Financial Intermediaries
11 Real Estate, Rental Business and Corporate Services
12 Government Administration, Defense and Compulsory Social Security
13 Education Services
14 Health Services and Social Services
15 Social, Socio-cultural, Entertainment and Other Personal Services
16 Personal Household Services
17 International Institutions and Other Extra International Institutions
18 Undefined Services
19 Non-Productive Sector
20 Others
Total
as of December 31, 2023
1 Agriculture, Hunting and Forestry
2 Fishery
3 Mining and Excavation
4 Manufacturing
5 Electricity, Gas and Water
6 Construction
7 Wholesale and Retail Trading
8 Accommodation and Food & Beverages Services
9 Transportation, Warehousing and Communication
10 Financial Intermediaries
11 Real Estate, Rental Business and Corporate Services
12 Government Administration, Defense and Compulsory Social Security
13 Education Services
14 Health Services and Social Services
Tbk
15 Social, Socio-cultural, Entertainment and Other Personal Services
Tbk
Syariah
16 Personal Household Services
Syariah
17 International Institutions and Other Extra International Institutions
BTPN
18 Undefined Services
BTPN
19 Non-Productive Sector
Bank
20 Others
Bank
PTPT
Total
186
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annual report 2024 | management discussion and analysis
in millions Rupiah
impaired invoice allowance for allowance for
amount written
gross claims impairment impairment
not yet matured matured off
losses - individual losses - collective
(3) (4) (5) (6) (7) (8)
1,966,745 - 53,247 - 155,968 350,406
116,519 - 4,816 - 11,616 24,625
2 - 1 - 2 366
952,099 - 36,258 - 90,776 272,745
- - - - - -
- - - - - -
5,815,311 - 269,272 - 618,943 4,799,337
37 - 36 - 49 63,993
6 - - - 2 5,204
530,568 - 7 52 2 526
1 - - - - 1,228
- - - - - -
- - - - - -
10 - - - 4 753
- - - - - 9,502
511,114 - 17,799 - 46,859 306,617
- - - - - -
56 - - - - 617
- - - - - -
11,655,741 - 1 - 1 1,564
21,548,209 - 381,437 52 924,222 5,837,483
1,950,967 - 34,536 - 104,135 174,174
125,842 - 2,507 - 7,182 11,153
43 - - - 38 336
928,138 - 26,052 - 73,890 156,578
- - - - - -
- - - - - -
7,597,939 - 255,340 - 966,697 3,552,526
3,194 - 156 - 2,792 61,468
413 - 31 - 394 4,808
19,733 - 302 - 374 245
165 - 6 - 159 11,363
- - - - - -
- - - - - -
53 - 2 - 40 731
1,371 - 88 - 1,287 1,637
PT Bank BTPN Syariah Tbk
590,081 - 15,490 - 56,859 227,938
- - - - - -
164 - - - - 54
- - - - - -
10,291,841 - 6 - 69 1,494
21,509,944 - 334,516 - 1,213,916 4,204,505
187
Page 189
5.2 disclosure of receivables and provisions based on economic sectors – consolidated with subsidiaries
no portfolio category
(1) (2)
as of December 31, 2024
1 Agriculture, Hunting and Forestry
2 Fishery
3 Mining and Excavation
4 Manufacturing
5 Electricity, Gas and Water
6 Construction
7 Wholesale and Retail Trading
8 Accommodation and Food & Beverages Services
9 Transportation, Warehousing and Communication
10 Financial Intermediaries
11 Real Estate, Rental Business and Corporate Services
12 Government Administration, Defense and Compulsory Social Security
13 Education Services
14 Health Services and Social Services
15 Social, Socio-cultural, Entertainment and Other Personal Services
16 Personal Household Services
17 International Institutions and Other Extra International Institutions
18 Undefined Services
19 Non-Productive Sector
20 Others
Total
as of December 31, 2023
1 Agriculture, Hunting and Forestry
2 Fishery
3 Mining and Excavation
4 Manufacturing
5 Electricity, Gas and Water
6 Construction
7 Wholesale and Retail Trading
8 Accommodation and Food & Beverages Services
9 Transportation, Warehousing and Communication
10 Financial Intermediaries
11 Real Estate, Rental Business and Corporate Services
12 Government Administration, Defense and Compulsory Social Security
13 Education Services
Tbk
14 Health Services and Social Services
Tbk
Syariah
15 Social, Socio-cultural, Entertainment and Other Personal Services
Syariah
16 Personal Household Services
BTPN
17 International Institutions and Other Extra International Institutions
BTPN
18 Undefined Services
Bank
19 Non-Productive Sector
Bank
PTPT
20 Others
Total
188
Page 190
annual report 2024 | management discussion and analysis
(in million rupiah)
impaired invoice allowance for allowance for
amount written
gross claims impairment impairment
not yet matured matured off
losses - individual losses - collective
(3) (4) (5) (6) (7) (8)
1,966,745 - 53,247 - 155,968 350,406
116,519 - 4,816 - 11,616 24,625
2 - 1 - 2 366
952,099 - 36,258 - 90,776 272,745
- - - - - -
- - - - - -
6,163,504 - 269,272 - 618,943 4,799,337
37 - 36 - 49 63,993
6 - - - 2 5,204
530,568 - 7 52 2 526
1 - - - - 1,228
- - - - - -
- - - - - -
10 - - - 4 753
- - - - - 9,502
511,114 - 17,799 - 46,859 306,617
- - - - - -
56 - - - - 617
- - - - - -
11,610,094 - 1 - 1 1,564
21,850,755 - 381,437 52 924,222 5,837,483
1,950,967 - 34,536 - 104,135 174,174
125,842 - 2,507 - 7,182 11,153
43 - - - 38 336
928,138 - 26,052 - 73,890 156,578
- - - - - -
- - - - - -
7,597,939 - 255,340 - 966,697 3,552,526
3,194 - 156 - 2,792 61,468
413 - 31 - 394 4,808
19,733 - 302 - 374 245
165 - 6 - 159 11,363
- - - - - -
- - - - - -
53 - 2 - 40 731
PT Bank BTPN Syariah Tbk
1,371 - 88 - 1,287 1,637
590,081 - 15,490 - 56,859 227,938
- - - - - -
164 - - - - 54
- - - - - -
10,612,327 - 6 - 69 1,494
21,830,430 - 334,516 - 1,213,916 4,204,505
189
Page 191
6.1 disclosure of detailed movement of provision for impairment of earning assets - bank only
no portfolio category
(1) (2)
1 Beginning Balance
2 Provision (Recovery) for the Period
2.a Provision for the Period
2.b Recovery for the Period
3 Write-offs for the Period
4 Other Provision (Recovery) for the Period
Ending Balance
6.2 disclosure of detailed movement of provision for impairment of earning assets - consolidated with subsidiaries
no portfolio category
(1) (2)
1 Beginning Balance
2 Provision (Recovery) for the Period
2.a Provision for the Period
2.b Recovery for the Period
3 Write-offs for the Period
4 Other Provision (Recovery) for the Period
Ending Balance
disclosure of credit risk with standard approach
The bank calculates Risk-Weighted Assets (RWA) for Credit Risk by referring to SEOJK No. 34/
SEOJK.03/2015 concerning the Calculation of Risk-Weighted Assets for Credit Risk Using the
Standardized Approach for Sharia Commercial Banks, along with its amendments.
Credit Risk RWA is calculated using the formula:
NET RECEIVABLES X RISK WEIGHTS
Whereby the Net Receivables are:
(Booked Asset Value + Accrued Margin Income (if any)) - Allowance for Impairment Losses
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
190
Page 192
annual report 2024 | management discussion and analysis
(in millions rupiah)
as of december 31, 2024 as of december 31, 2023
individual impairment collective impairment individual impairment collective impairment
(3) (4) (5) (6)
- 1,213,916 - 768,925
52 1,359,714 - 1,898,117
52 1,359,714 - 1,898,117
- - - -
- (1,674,387) - (1,501,410)
- 24,979 - 48,284
52 924,222 - 1,213,916
(in millions rupiah)
as of december 31, 2024 as of december 31, 2023
individual impairment collective impairment individual impairment collective impairment
(3) (4) (5) (6)
- 1,213,916 - 768,925
52 1,359,714 - 1,898,117
52 1,359,714 - 1,898,117
- - - -
- (1,674,387) - (1,501,410)
- 24,979 - 48,284
52 924,222 - 1,213,916
PT Bank BTPN Syariah Tbk
191
Page 193
7.1 disclosure of net receivables based on portfolio categories and rating scale – bank only
as of December 31, 2024
net claims
rating
Long-Term Rating
agencies
standard and
AAA AA+toAA- A+toA- BBB+ to BBB
poor's
fitch rating AAA AA+toAA- A+toA- BBB+ to BBB-
no portfolio category
moody's Aaa Aa1 to Aa3 A1 to A3 Baa1 to Baa3
PT Fitch
AA+(idn) to A+(idn) to BBB+(idn) to
Ratings AAA (idn)
AA-(idn) A-(idn) BBB-(idn)
Indonesia
PT
idAA+ to idBBB+ to
Pemeringkat idAAA idA+ to idA-
idAA- idBBB-
Efek Indonesia
(1) (2) (3) (4) (5) (6) (7)
1 Receivables on - - - -
Sovereign
2 Receivables on Public - - - -
Sector Entities
3 Receivables on - - - -
Multilateral
Development Banks
and International
Institutions
4 Receivables on Banks 249,045 - - -
5 Financing Secured by
Residential Property
6 Financing Secured by
Commercial Real Estate
7 Employee/Retiree
Financing
8 Receivables on Micro,
Small Businesses and
Retail Portfolios
9 Receivables on - - 530,515 -
Corporations
10 Past Due Receivables
11 Other Assets
Total 249,045 - 530,515 -
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
192
Page 194
annual report 2024 | management discussion and analysis
(in million rupiah)
Less than Less than without
BB+ to BB- BB+ to B- A-1 A-2 A-3 total
B- A-3 rating
Less than Less than
BB+ to BB- BB+ to B- F1+ to F1 F2 F3
B- F3
Less than Less than
Ba1 to Ba3 Ba1 to Ba3 P-1 P-2 P-3
B3 P-3
BB+(idn)
B+(idn) to Less than F1+(idn) Less than
to BB- F2(idn) F3(idn)
B-(idn) B-(idn) to F1(idn) F3(idn)
(idn)
idBB+ to idB+ to Less than Less than
idA1 idA2 idA4
idBB- idB- idB- idA4
(8) (9) (10) (11) (12) (13) (14) (15) (16)
- - - - - - - 9,553,395 9,553,395
- - - - - - - - -
- - - - - - - - -
- - - 10,182 - - - 560,000 819,227
- -
- -
- -
8,789,908 8,789,908
- - - - - - - 321,332 851,847
3,306 3,306
987,689 987,689
- - - 10,182 - - - 20,215,630 21,005,372
PT Bank BTPN Syariah Tbk
193
Page 195
as of december 31, 2023
net claims
rating
Long-Term Rating
agencies
standard and
AAA AA+toAA- A+toA- BBB+ to BBB
poor's
fitch rating AAA AA+toAA- A+toA- BBB+ to BBB-
no portfolio category
Moody's Aaa Aa1 to Aa3 A1 to A3 Baa1 to Baa3
PT Fitch
AA+(idn) to A+(idn) to BBB+(idn) to
Ratings AAA (idn)
AA-(idn) A-(idn) BBB-(idn)
Indonesia
PT
idAA+ to idBBB+ to
Pemeringkat idAAA idA+ to idA-
idAA- idBBB-
Efek Indonesia
(1) (2) (3) (4) (5) (6) (7)
1 Receivables on - - - -
Sovereign
2 Receivables on Public
- - 456,003 -
Sector Entities
3 Receivables on
Multilateral
Development Banks - - - -
and International
Institutions
4 Receivables on Banks 32,879 - - -
5 Financing Secured by
Residential Property
6 Financing Secured by
Commercial Real Estate
7 Employee/Retiree
Financing
8 Receivables on Micro,
Small Businesses and
Retail Portfolios
9 Receivables on
- - 19,472 -
Corporations
10 Past Due Receivables
11 Other Assets
Total 32,879 - 475,475 -
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
194
Page 196
annual report 2024 | management discussion and analysis
(in million rupiah)
Less than Less than without
BB+ to BB- BB+ to B- A-1 A-2 A-3 total
B- A-3 rating
Less than Less than
BB+ to BB- BB+ to B- F1+ to F1 F2 F3
B- F3
Less than Less than
Bd1 to Ba3 Bd1 to Bd3 P-1 P-2 P-3
B3 P-3
BB+(idn)
B+(idn) to Less than F1+(idn) to Less than
to BB- F2(idn) F3(idn)
B-(idn) B-(idn) F1(idn) F3(idn)
(idn)
idBB+ to idB+ to Less than Less than
idA1 idA2 idA4
idBB- idB- idB- idA4
(8) (9) (10) (11) (12) (13) (14) (15) (16)
- - - - - - - 8,295,962 8,295,962
- - - - - - - - 456,003
- - - - - - - - -
- - - 5 - - - 550,000 582,884
- -
- -
- -
10,266,791 10,266,791
- - - - - - - 19,809 39,281
32,764 32,764
956,859 956,859
- - - 5 - - - 20,122,185 20,630,544
PT Bank BTPN Syariah Tbk
195
Page 197
7.2 disclosure of net billing based on portfolio category and rating scale - consolidated with subsidiaries
as of December 31, 2024
Net Claims
rating
Long-Term Rating
agencies
standard and
AAA AA+toAA- A+toA- BBB+ to BBB
poor's
Fitch Rating AAA AA+toAA- A+toA- BBB+ to BBB-
no portfolio category
Moody's Aaa Aa1 to Aa3 A1 to A3 Baa1 to Baa3
PT Fitch
AA+(idn) to A+(idn) to BBB+(idn) to
Ratings AAA (idn)
AA-(idn) A-(idn) BBB-(idn)
Indonesia
PT
idAA+ to idBBB+ to
Pemeringkat idAAA idA+ to idA-
idAA- idBBB-
Efek Indonesia
(1) (2) (3) (4) (5) (6) (7)
1 Receivables on - - - -
Sovereign
2 Receivables on Public - - - -
Sector Entities
3 Receivables on - - - -
Multilateral
Development Banks
and International
Institutions
4 Receivables on Banks 249,045 - - -
5 Financing Secured by
Residential Property
6 Financing Secured by
Commercial Real Estate
7 Employee/Retiree
Financing
8 Receivables on Micro,
Small Businesses and
Retail Portfolios
9 Receivables on - - 530,515 -
Corporations
10 Past Due Receivables
11 Other Assets
Total 249,045 - 530,515 -
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
196
Page 198
annual report 2024 | management discussion and analysis
(in millions rupiah)
Less than Less than without
BB+ to BB- BB+ to B- A-1 A-2 A-3 total
B- A-3 rating
Less than Less than
BB+ to BB- BB+ to B- F1+ to F1 F2 F3
B- F3
Less than Less than
Bd1 to Ba3 Bd1 to Bd3 P-1 P-2 P-3
B3 P-3
BB+(idn)
B+(idn) to Less than F1+(idn) to Less than
to BB- F2(idn) F3(idn)
B-(idn) B-(idn) F1(idn) F3(idn)
(idn)
idBB+ to idB+ to Less than Less than
idA1 idA2 idA4
idBB- idB- idB- idA4
(8) (9) (10) (11) (12) (13) (14) (15) (16)
- - - - - - - 9,553,395 9,553,395
- - - - - - - - -
- - - - - - - - -
- - - 12,944 - - - 807,000 1,068,989
- -
- -
- -
8,789,908 8,789,908
- - - - - - - 374,095 904,610
3,306 3,306
987,710 987,710
- - - 12,944 - - - 20,515,414 21,307,918
PT Bank BTPN Syariah Tbk
197
Page 199
as of december 31, 2023
Net Claims
rating
Long Term Rating
agencies
standard and
AAA AA+toAA- A+toA- BBB+ to BBB
poor's
Fitch Rating AAA AA+toAA- A+toA- BBB+ to BBB-
no portofolio category
Moody's Aaa Aa1 to Aa3 A1 to A3 Baa1 to Baa3
PT Fitch
AA+(idn) to A+(idn) to BBB+(idn) to
Ratings AAA (idn)
AA-(idn) A-(idn) BBB-(idn)
Indonesia
PT
idAA+ to idBBB+ to
Pemeringkat idAAA idA+ to idA-
idAA- idBBB-
Efek Indonesia
(1) (2) (3) (4) (5) (6) (7)
1 Receivables on - - - -
Sovereign
2 Receivables on Public - - 456,003 -
Sector Entities
3 Receivables on - - - -
Multilateral
Development Banks
and International
Institutions
4 Receivables on Banks 35,283 - - -
5 Financing Secured by
Residential Property
6 Financing Secured by
Commercial Real Estate
7 Employee/Retiree
Financing
8 Receivables on Micro,
Small Businesses and
Retail Portfolios
9 Receivables on - - 19,472 -
Corporations
10 Past Due Receivables
11 Other Assets
Total 35,283 - 475,475 -
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
198
Page 200
annual report 2024 | management discussion and analysis
(in millions rupiah)
Less than Less than without
BB+ to BB- BB+ to B- A-1 A-2 A-3 total
B- A-3 rating
Less than Less than
BB+ to BB- BB+ to B- F1+ to F1 F2 F3
B- F3
Less than Less than
Ba1 to Ba3 Ba1 to Bd3 P-1 P-2 P-3
B3 P-3
BB+(idn)
B+(idn) to Less than F1+(idn) to Less than
to BB- F2(idn) F3(idn)
B-(idn) B-(idn) F1(idn) F3(idn)
(idn)
idBB+ to idB+ to Less than Less than
idA1 idA2 idA4
idBB- idB- idB- idA4
(8) (9) (10) (11) (12) (13) (14) (15) (16)
- - - - - - - 8,295,962 8,295,962
- - - - - - - - 456,003
- - - - - - - - -
- - - 5 - - - 788,000 823,288
- -
- -
- -
10,266,791 10,266,791
- - - - - - - 99,873 119,345
32,764 32,764
956,877 956,877
- - - 5 - - - 20,440,267 20,951,030
PT Bank BTPN Syariah Tbk
199
Page 201
8.1 disclosure of counterparty credit risk - bank only
(1) sharia over the counter derivates transaction
as of december 31, 2024
national value
no underlying variables sharia sharia net
hedging hedging receivables CRM
> 1 year to
< 1 Year > 5 yrs receivables liabilities before CRM
5 yrs
1 Sharia Compliant - - - - - - -
Profit Rate Swap
2 Sharia Compliant - - - - - - -
Foreign Currency
Swap
3 Others - - - - - - -
Total - - - - - - -
(2) repo transactions
no portfolio category
(1) (2)
1 Receivables on Sovereign
2 Receivables on Public Sector Entities
3 Receivables on Multilateral Development Banks and International Institutions
4 Receivables on Banks
5 Receivables on Micro, Small Businesses and Retail Portfolios
6 Receivables on Corporations
Total
(3) reverse repo transaction
no portfolio category
(1) (2)
1 Receivables on Sovereign
2 Receivables on Public Sector Entities
3 Receivables on Multilateral Development Banks and International Institutions
4 Receivables on Banks
5 Receivables on Micro, Small Businesses and Retail Portfolios
Tbk
6 Receivables on Corporations
Tbk
Syariah
Total
Bank
PTPT BTPN
Bank Syariah
BTPN
200
Page 202
annual report 2024 | management discussion and analysis
(in millions rupiah)
as of december 31, 2023
national value
net sharia sharia net net
receivables hedging hedging receivables CRM receivables
> 1 year to
after crm < 1 tahun > 5 yrs receivables liabilities before CRM after CRM
5 yrs
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
(in millions rupiah)
as of december 31, 2024 as of december 31, 2023
ssb repo fair ssb repo fair
repo liabilities net receivables RWA repo liabilities net receivables RWA
value value
(3) (4) (5) (6) (7) (8) (9) (10)
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - -
(in millions rupiah)
as of december 31, 2024 as of december 31, 2023
ssb repo fair ssb repo fair
repo liabilities net receivables RWA repo liabilities net receivables RWA
value value
(3) (4) (5) (6) (7) (8) (9) (10)
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
PT Bank BTPN Syariah Tbk
- - - - - - - -
201
Page 203
8.2 disclosure of counterparty credit risk - consolidated with subsidiaries
(1) sharia over the counter derivates transaction
as of December 31, 2024
Notional Value Sharia Sharia Net
no underlying variables
> 1 year to Hedging Hedging Receivables CRM
< 1 Year > 5 yrs Receivables Liabilities before CRM
5 yrs
1 Sharia Compliant - - - - - - -
Profit Rate Swap
2 Sharia Compliant - - - - - - -
Foreign Currency
Swap
3 Others - - - - - - -
Total - - - - - - -
(2) repo transactions
no portfolio category
(1) (2)
1 Receivables on Sovereign
2 Receivables on Public Sector Entities
3 Receivables on Multilateral Development Banks and International Institutions
4 Receivables on Banks
5 Receivables on Micro, Small Businesses and Retail Portfolios
6 Receivables on Corporations
Total
(3) reverse repo transactions
no portfolio category
(1) (2)
1 Receivables on Sovereign
2 Receivables on Public Sector Entities
3 Receivables on Multilateral Development Banks and International Institutions
4 Receivables on Banks
5 Receivables on Micro, Small Businesses and Retail Portfolios
6 Receivables on Corporations
Total
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
202
Page 204
annual report 2024 | management discussion and analysis
(in millions rupiah)
as of December 31, 2023
net notional value Sharia Sharia Net Net
receivables > 1 year to Hedging Hedging Receivables MRK Receivables
after mrk < 1 Year > 5 yrs Receivables Liabilities before MRK after MRK
5 yrs
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
(in millions rupiah)
as of december 31, 2024 as of december 31, 2023
ssb repo fair ssb repo fair
repo liabilities net receivables rwa repo liabilities net receivables rwa
value value
(3) (4) (5) (6) (7) (8) (9) (10)
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
(in millions rupiah)
as of december 31, 2024 as of december 31, 2023
ssb repo fair ssb repo fair
repo liabilities net receivables rwa repo liabilities net receivables rwa
value value
(3) (4) (5) (6) (7) (8) (9) (10)
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
PT Bank BTPN Syariah Tbk
203
Page 205
9.1 disclosure of net receivables based on risk weight after calculating the impact of credit risk
mitigation - bank only
as of December 31, 2024
no portfolio category net receivables after credit risk mitigation
0% 20% 35% 40%
(1) (2) (3) (4) (5) (6)
A Balance Sheet Exposure
1 Receivables on Sovereign 9,553,395 - - -
2 Receivables on Public Sector Entities - - - -
3 Receivables on Multilateral Development Banks - - - -
and International Institutions
4 Receivables on Banks - 819,227 - -
5 Financing Secured by Residential Property - - - -
6 Financing Secured by Commercial Real Estate - - - -
7 Employee/Retiree Financing - - - -
8 Receivables on Micro, Small Businesses and Retail - 121 - -
Portfolios
9 Receivables on Corporations 8,384 - - -
10 Past Due Receivables - 321 - -
11 Other Assets 592,911 - - -
Total Balance Sheet Exposure 10,154,690 819,669 - -
B Off-Balance Sheet Exposure
1 Receivables on Sovereign - - - -
2 Receivables on Public Sector Entities - - - -
3 Receivables on Multilateral Development Banks - - - -
and International Institutions
4 Receivables on Banks - - - -
5 Financing Secured by Residential Property - - - -
6 Financing Secured by Commercial Real Estate - - - -
7 Employee/Retiree Financing - - - -
8 Receivables on Micro, Small Businesses and Retail - - - -
Portfolios
9 Receivables on Corporations - - - -
10 Past Due Receivables - - - -
Total Off-Balance Sheet Exposure - - - -
C Counterparty Credit Risk Exposure
1 Receivables on Sovereign - - - -
2 Receivables on Public Sector Entities - - - -
3 Receivables on Multilateral Development Banks - - - -
and International Institutions
4 Receivables on Banks - - - -
5 Receivables on Micro, Small Businesses and Retail - - - -
Portfolios
Tbk
Tbk
6 Receivables on Corporations - - - -
Syariah
Syariah
Total Counterparty Credit Risk Exposure - - - -
PTPT Bank
Bank BTPN
BTPN
204
Page 206
annual report 2024 | management discussion and analysis
(in million rupiah)
Capital
RWA
Charge
45% 50% 75% 100% 150% others
(7) (8) (9) (10) (11) (12) (13) (14)
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - 163,845 13,108
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - 8,789,787 - - - 6,592,366 527,389
- 530,515 - 312,948 - - 578,205 46,256
- - - 2,985 - - 3,049 244
- - - 394,778 - - 394,778 31,582
- 530,515 8,789,787 710,711 - - 7,732,243 618,579
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
PT Bank BTPN Syariah Tbk
- - - - - - - -
- - - - - - - -
205
Page 207
9.1 disclosure of net receivables based on risk weight after calculating the impact of credit risk
mitigation - bank only
as of December 31, 2023
no portfolio category net receivables after credit risk mitigation
0% 20% 35% 40%
(1) (2) (3) (4) (5) (6)
A Balance Sheet Exposure
1 Receivables on Sovereign 8,295,962 - - -
2 Receivables on Public Sector Entities - - - -
3 Receivables on Multilateral Development Banks - - - -
and International Institutions
4 Receivables on Banks - 582,884 - -
5 Financing Secured by Residential Property - - - -
6 Financing Secured by Commercial Real Estate - - - -
7 Employee/Retiree Financing - - - -
8 Receivables on Micro, Small Businesses and Retail - 185,188 - -
Portfolios
9 Receivables on Corporations 39,281 - - -
10 Past Due Receivables - - - -
11 Other Assets 497,153 - - -
Total Balance Sheet Exposure 8,832,396 768,072 - -
B Off-Balance Sheet Exposure
1 Receivables on Sovereign - - - -
2 Receivables on Public Sector Entities - - - -
3 Receivables on Multilateral Development Banks - - - -
and International Institutions
4 Receivables on Banks - - - -
5 Financing Secured by Residential Property - - - -
6 Financing Secured by Commercial Real Estate - - - -
7 Employee/Retiree Financing - - - -
8 Receivables on Micro, Small Businesses and Retail - - - -
Portfolios
9 Receivables on Corporations - - - -
10 Past Due Receivables - - - -
Total Off-Balance Sheet Exposure - - - -
C Counterparty Credit Risk Exposure
1 Receivables on Sovereign - - - -
2 Receivables on Public Sector Entities - - - -
3 Receivables on Multilateral Development Banks - - - -
and International Institutions
4 Receivables on Banks - - - -
5 Receivables on Micro, Small Businesses and Retail - - - -
Portfolios
Tbk
Tbk
6 Receivables on Corporations - - - -
Syariah
Syariah
Total Counterparty Credit Risk Exposure - - - -
PTPT Bank
Bank BTPN
BTPN
206
Page 208
annual report 2024 | management discussion and analysis
(in million rupiah)
capital
RWA
charge
45% 50% 75% 100% 150% others
(7) (8) (9) (10) (11) (12) (13) (14)
- - - - - - - -
- 456,003 - - - - 228,002 18,240
- - - - - - - -
- - - - - - 116,577 9,326
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - 10,081,603 - - - 7,598,239 607,859
- - - - - - - -
- - - 32,764 - - 32,764 2,621
- - - 459,706 - - 459,707 36,777
- 456,003 10,081,603 492,470 - - 8,435,289 674,823
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
PT Bank BTPN Syariah Tbk
- - - - - - - -
- - - - - - - -
207
Page 209
9.2 disclosure of net receivables based on risk weight after calculating the impact of credit risk
mitigation - consolidated with subsidiaries
as of December 31, 2024
net receivables after credit risk mitigation
no portfolio category
0% 20% 35% 40%
(1) (2) (3) (4) (5) (6)
A Balance Sheet Exposure
1 Receivables on Sovereign 9,553,395 - - -
2 Receivables on Public Sector Entities - - - -
3 Receivables on Multilateral Development Banks - - - -
and International Institutions
4 Receivables on Banks - 1,068,989 - -
5 Financing Secured by Residential Property - - - -
6 Financing Secured by Commercial Real Estate - - - -
7 Employee/Retiree Financing - - - -
8 Receivables on Micro, Small Businesses and Retail - 121 - -
Portfolios
9 Receivables on Corporations 8,384 - - -
10 Past Due Receivables - 321 - -
11 Other Assets 592,911 - - -
Total Balance Sheet Exposure 10,154,690 1,069,431 - -
B Off-Balance Sheet Exposure
1 Receivables on Sovereign - - - -
2 Receivables on Public Sector Entities - - - -
3 Receivables on Multilateral Development Banks - - - -
and International Institutions
4 Receivables on Banks - - - -
5 Financing Secured by Residential Property - - - -
6 Financing Secured by Commercial Real Estate - - - -
7 Employee/Retiree Financing - - - -
8 Receivables on Micro, Small Businesses and Retail - - - -
Portfolios
9 Receivables on Corporations - - - -
10 Past Due Receivables - - - -
Total Off-Balance Sheet Exposure - - - -
C Counterparty Credit Risk Exposure
1 Receivables on Sovereign - - - -
2 Receivables on Public Sector Entities - - - -
3 Receivables on Multilateral Development Banks - - - -
and International Institutions
4 Receivables on Banks - - - -
Tbk
5 Receivables on Micro, Small Businesses and Retail - - - -
Tbk
Portfolios
Syariah
Syariah
6 Receivables on Corporations - - - -
Total Counterparty Credit Risk Exposure - - - -
PTPT Bank
Bank BTPN
BTPN
208
Page 210
annual report 2024 | management discussion and analysis
(in million rupiah)
capital
RWA
charge
45% 50% 75% 100% 150% others
(7) (8) (9) (10) (11) (12) (13) (14)
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - 213,798 17,104
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - 8,789,787 - - - 6,592,366 527,389
- 530,515 - 365,711 - - 630,967 50,477
- - - 2,985 - - 3,049 244
- - - 394,799 - - 394,798 31,584
- 530,515 8,789,787 763,495 - - 7,834,978 626,798
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
PT Bank BTPN Syariah Tbk
- - - - - - - -
- - - - - - - -
209
Page 211
9.2 disclosure of net receivables based on risk weight after calculating the impact of credit risk
mitigation - consolidated with subsidiaries
as of December 31, 2023
net receivables after credit risk mitigation
no portfolio category
0% 20% 35% 40%
(1) (2) (3) (4) (5) (6)
A Balance Sheet Exposure
1 Receivables on Sovereign 8,295,962 - - -
2 Receivables on Public Sector Entities - - - -
3 Receivables on Multilateral Development Banks - - - -
and International Institutions
4 Receivables on Banks - 823,288 - -
5 Financing Secured by Residential Property - - - -
6 Financing Secured by Commercial Real Estate - - - -
7 Employee/Retiree Financing - - - -
8 Receivables on Micro, Small Businesses and - 185,188 - -
Retail Portfolios
9 Receivables on Corporations 39,282 - - -
10 Past Due Receivables - - - -
11 Other Assets 497,153 - - -
Total Balance Sheet Exposure 8,832,397 1,008,476 - -
B Off-Balance Sheet Exposure
1 Receivables on Sovereign - - - -
2 Receivables on Public Sector Entities - - - -
3 Receivables on Multilateral Development Banks - - - -
and International Institutions
4 Receivables on Banks - - - -
5 Financing Secured by Residential Property - - - -
6 Financing Secured by Commercial Real Estate - - - -
7 Employee/Retiree Financing - - - -
8 Receivables on Micro, Small Businesses and - - - -
Retail Portfolios
9 Receivables on Corporations - - - -
10 Past Due Receivables - - - -
Total Off-Balance Sheet Exposure - - - -
C Counterparty Credit Risk Exposure
1 Receivables on Sovereign - - - -
2 Receivables on Public Sector Entities - - - -
3 Receivables on Multilateral Development Banks - - - -
and International Institutions
4 Receivables on Banks - - - -
Tbk
5 Receivables on Micro, Small Businesses and - - - -
Tbk
Retail Portfolios
Syariah
Syariah
6 Receivables on Corporations - - - -
Total Counterparty Credit Risk Exposure - - - -
PTPT Bank
Bank BTPN
BTPN
210
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annual report 2024 | management discussion and analysis
(in million rupiah)
capital
RWA
charge
45% 50% 75% 100% 150% others
(7) (8) (9) (10) (11) (12) (13) (14)
- - - - - - - -
- 456,003 - - - - 228,002 18,240
- - - - - - - -
- - - - - - 164,658 13,173
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - 10,081,603 - - - 7,598,239 607,859
- - - 80,063 - - 80,063 6,405
- - - 32,764 - - 32,764 2,621
- - - 459,724 - - 459,724 36,778
- 456,003 10,081,603 572,551 - - 8,563,450 685,076
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
PT Bank BTPN Syariah Tbk
- - - - - - - -
- - - - - - - -
211
Page 213
10.1 disclosure of net receivables and credit risk mitigation technique - bank only
as of December 31, 2024
claims guaranteed by
no portfolio category net
receivables guaranteed credit
collateral
letter insurance
(1) (2) (3) (4) (5) (6)
A Balance Sheet Exposure
1 Receivables on Sovereign 9,553,395 - - -
2 Receivables on Public Sector Entities - - - -
3 Receivables on Multilateral Development Banks - - - -
and International Institutions
4 Receivables on Banks 819,227 - - -
5 Financing Secured by Residential Property - - - -
6 Financing Secured by Commercial Real Estate - - - -
7 Employee/Retiree Financing - - - -
8 Receivables on Micro, Small Businesses and 8,789,908 - - 121
Retail Portfolios
9 Receivables on Corporations 851,847 8,384 - -
10 Past Due Receivables 3,306 - - -
11 Other Asets 987,689 - - -
Total Balance Sheet Exposure 21,005,372 8,384 - 121
B Off-Balance Sheet Exposure
1 Receivables on Sovereign - - - -
2 Receivables on Public Sector Entities - - - -
3 Receivables on Multilateral Development Banks - - - -
and International Institutions
4 Receivables on Banks - - - -
5 Financing Secured by Residential Property - - - -
6 Financing Secured by Commercial Real Estate - - - -
7 Employee/Retiree Financing - - - -
8 Receivables on Micro, Small Businesses and - - - -
Retail Portfolios
9 Receivables on Corporations - - - -
10 Past Due Receivables - - - -
Total Off-Balance Sheet Exposure - - - -
C Counterparty Credit Risk Exposure
1 Receivables on Sovereign - - - -
2 Receivables on Public Sector Entities - - - -
3 Receivables on Multilateral Development Banks - - - -
and International Institutions
Tbk
4 Receivables on Banks - - - -
Tbk
5 Receivables on Micro, Small Businesses and - - - -
Syariah
Retail Portfolios
Syariah
6 Receivables on Corporations - - - -
BTPN
Total Counterparty Credit Risk Exposure - - - -
BTPN
Bank
Overall Total (A+B+C) 21,005,372 8,384 - 121
Bank
PTPT
212
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annual report 2024 | management discussion and analysis
(in million rupiah)
as of december 31, 2023
claims guaranteed by
claims not net
guaranteed receivables guaranteed credit
others collateral others claims not
letter insurance
guaranteed
(8)=(3)-
(7) (9) (10) (11) (12) (13)
[(4)+(5)+(6)+(7)]
9,553,395 8,295,962 - - - 8,295,962
- 456,003 - - - 456,003
- - - - - -
819,227 582,884 - - - 582,884
- - - - - -
- - - - - -
- - - - - -
8,789,787 10,266,791 - - 185,188 10,081,603
843,463 39,281 39,281 - - -
3,306 32,764 - - - 32,764
987,689 956,859 - - - 956,859
- 20,996,867 20,630,544 39,281 - 185,188 - 20,406,075
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
PT Bank BTPN Syariah Tbk
- - - - - -
- - - - - -
- - - - - - - -
- 20,996,867 20,630,544 39,281 - 185,188 - 20,406,075
213
Page 215
10.2 disclosure of receivables and provisions based on economic sectors – consolidated with subsidiaries
as of December 31, 2024
claims guaranteed by
no portfolio category net
receivables guaranteed credit
collateral
letter insurance
(1) (2) (3) (4) (5) (6)
A Balance Sheet Exposure
1 Receivables on Sovereign 9,553,395 - - -
2 Receivables on Public Sector Entities - - - -
3 Receivables on Multilateral Development Banks - - - -
and International Institutions
4 Receivables on Banks 1,068,989 - - -
5 Financing Secured by Residential Property - - - -
6 Financing Secured by Commercial Real Estate - - - -
7 Employee/Retiree Financing - - - -
8 Receivables on Micro, Small Businesses and 8,789,908 - - 121
Retail Portfolios
9 Receivables on Corporations 904,610 8,384 - -
10 Past Due Receivables 3,306 - - -
11 Other Assets 987,710 - - -
Total Balance Sheet Exposure 21,307,918 8,384 - 121
B Off-Balance Sheet Exposure
1 Receivables on Sovereign - - - -
2 Receivables on Public Sector Entities - - - -
3 Receivables on Multilateral Development Banks - - - -
and International Institutions
4 Receivables on Banks - - - -
5 Financing Secured by Residential Property - - - -
6 Financing Secured by Commercial Real Estate - - - -
7 Employee/Retiree Financing - - - -
8 Receivables on Micro, Small Businesses and - - - -
Retail Portfolios
9 Receivables on Corporations - - - -
10 Past Due Receivables - - - -
Total Off-Balance Sheet Exposure - - - -
C Counterparty Credit Risk Exposure
1 Receivables on Sovereign - - - -
2 Receivables on Public Sector Entities - - - -
3 Receivables on Multilateral Development Banks - - - -
and International Institutions
Tbk
4 Receivables on Banks - - - -
Tbk
5 Receivables on Micro, Small Businesses and - - - -
Syariah
Retail Portfolios
Syariah
6 Receivables on Corporations - - - -
BTPN
Total Counterparty Credit Risk Exposure - - - - -
BTPN
Bank
Total (A+B+C) 21,307,918 8,384 - 121 -
Bank
PTPT
214
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annual report 2024 | management discussion and analysis
(in million rupiah)
as of December 31, 2023
claims guaranteed by
claims not net
guaranteed receivables guaranteed credit
others collateral others claims not
letter insurance
guaranteed
(8)=(3)-
(7) (9) (10) (11) (12) (13)
[(4)+(5)+(6)+(7)]
9,553,395 8,295,962 - - - 8,295,962
- 456,003 - - - 456,003
- - - - - -
1,068,989 823,288 - - - 823,288
- - - - - -
- - - - - -
- - - - - -
8,789,787 10,266,791 - - 185,188 10,081,603
896,226 119,345 39,281 - - 80,064
3,306 32,764 - - - 32,764
987,710 956,877 - - - 956,877
21,299,413 20,951,030 39,281 - 185,188 - 20,726,561
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
PT Bank BTPN Syariah Tbk
- - - - - -
- - - - - -
- - - - - - -
21,299,413 20,951,030 39,281 - 185,188 - 20,726,561
215
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13.1 disclosure of the calculation of risk weighted average (rwa) credit risk - bank only
(1) assets exposure on the statement of financial position
(in million rupiah)
as of december 31, 2024 as of december 31, 2023
no portfolio category
net Pre-CRM Post-CRM net Pre-CRM Post-CRM
receivables WRA WRA receivables WRA WRA
(1) (2) (3) (4) (5) (6) (7) (8)
1 Receivables on 9,553,395 - - 8,295,962 - -
Sovereigns
2 Receivables on - - - 456,003 228,002 228,002
Public Sector
Entities
3 Receivables on - - - - - -
Multilateral
Development Banks
and Institutions
4 Receivables on 819,227 163,845 163,845 582,884 116,577 116,577
Banks
5 Financing Secured - - - - - -
by Residential
Property
6 Financing Secured - - - - - -
by Commercial Real
Estate
7 Employee/Retiree - - - - - -
Financing
8 Receivables on 8,789,908 6,592,432 6,592,366 10,266,791 7,700,093 7,598,240
Micro, Small
Businesses and
Retail Portfolios
9 Receivables on 851,847 586,590 578,205 39,281 29,545 -
Corporations
10 Past Due 3,306 3,306 3,049 32,764 32,764 32,764
Receivables
11 Other Assets 987,689 - 394,778 956,859 - 459,706
Total 21,005,372 7,346,173 7,732,243 20,630,544 8,106,981 8,435,289
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
216
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annual report 2024 | management discussion and analysis
(2) exposure to commitment and contigencies receivables in the commitment and contigencies report
(in million rupiah)
as of december 31, 2024 as of december 31, 2023
no portfolio category
net Pre-CRM Post-CRM net Pre-CRM Post-CRM
receivables WRA WRA receivables WRA WRA
(1) (2) (3) (4) (5) (6) (7) (8)
1 Receivables on - - - - - -
Sovereigns
2 Receivables on - - - - - -
Public Sector
Entities
3 Receivables on - - - - - -
Multilateral
Development Banks
and Institutions
4 Receivables on - - - - - -
Banks
5 Financing Secured - - - - - -
by Residential
Property
6 Financing Secured - - - - - -
by Commercial Real
Estate
7 Employee/Retiree - - - - - -
Financing
8 Receivables on - - - - - -
Micro, Small
Businesses and
Retail Portfolios
9 Receivables on - - - - - -
Corporations
10 Past Due - - - - - -
Receivables
Total - - - - - -
PT Bank BTPN Syariah Tbk
217
Page 219
(3) exposure to counterparty credit risk
(in million rupiah)
as of december 31, 2024 as of december 31, 2023
no portfolio category
Net Pre-CRM Post-CRM Net Pre-CRM Post-CRM
Receivables WRA WRA Receivables WRA WRA
(1) (2) (3) (4) (5) (6) (7) (8)
1 Receivables on - - - - - -
Sovereigns
2 Receivables on - - - - - -
Public Sector
Entities
3 Receivables on - - - - - -
Multilateral
Development Banks
and Institutions
4 Receivables on - - - - - -
Banks
5 Receivables on - - - - - -
Micro, Small
Businesses and
Retail Portfolios
6 Receivables on - - - - - -
Corporations
Total - - - - - -
(4) exposure on settlement risk
(in million rupiah)
as of december 31, 2024 as of december 31, 2023
no portfolio category
Net RWA before RWA after Net RWA before RWA after
Receivables CRM CRM Receivables CRM CRM
(1) (2) (3) (4) (5) (6) (7) (8)
1 Delivery versus - - - -
payment
a. 8% Capital Charge - - - -
(5-15 days)
b. 50% Capital Charge - - - -
(16-30 days)
c. 75% Capital Charge - - - -
(31-45 days)
d. 100% Capital - - - -
Tbk
Tbk
Charge (more than
Syariah
45 days)
Syariah
2 Non-delivery versus - - - -
payment
BTPN
BTPN
Total - - - - - -
PTPT Bank
Bank
218
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annual report 2024 | management discussion and analysis
(5) securitization exposure
(in million rupiah)
as of december 31, 2024 as of december 31, 2023
no portfolio category Capital Capital
RWA after RWA after
Deduction Deduction
CRM CRM
Factor Factor
(1) (2) (3) (4) (5) (6)
1 Eligible credit facility - - - -
2 Non-eligible credit facility - - - -
3 Eligible liquidity facility - -
4 Non-eligible liquidity facility - - - -
5 Eligible Asset-Backed Securities purchases - - - -
6 Non-eligible Asset-Backed Securities - - - -
purchases
7 Other securitization exposure not included - -
in Bank Indonesia regulations regarding
prudent principles in undergoing assets
securitization activities in banking industries
Total - - - -
(6) Total Credit Risk Exposure
(in million rupiah)
no portfolio category as of december 31, 2024 as of december 31, 2023
1 Total Credit Risk RWA 7,732,243 8,435,289
2 Total Capital Deduction Factor - -
PT Bank BTPN Syariah Tbk
219
Page 221
13.2 disclosure of the calculation of risk weighted average (rwa) credit risk - consolidated with subsidiaries
(1) assets exposure on the statement of financial position
(in million rupiah)
as of december 31, 2024 as of december 31, 2023
no portfolio category
Net RWA before RWA before Net RWA before RWA before
Receivables CRM CRM Receivables CRM CRM
(1) (2) (3) (4) (5) (6) (7) (8)
1 Receivables on 9,553,395 - - 8,295,962 - -
Sovereigns
2 Receivables on - - - 456,003 228,002 228,002
Public Sector
Entities
3 Receivables on - - - - - -
Multilateral
Development Banks
and Institutions
4 Receivables on 1,068,989 213,798 213,798 823,288 164,658 164,658
Banks
5 Financing Secured - - - - - -
by Residential
Property
6 Financing Secured - - - - - -
by Commercial Real
Estate
7 Employee/Retiree - - - - - -
Financing
8 Receivables on 8,789,908 6,592,432 6,592,366 10,266,791 7,700,093 7,598,239
Micro, Small
Businesses and
Retail Portfolios
9 Receivables on 904,610 639,352 630,967 119,345 109,609 80,063
Corporations
10 Past Due 3,306 3,306 3,049 32,764 32,764 32,764
Receivables
11 Other Assets 987,710 - 394,798 956,877 - 459,724
Total 21,307,918 7,448,888 7,834,978 20,951,030 8,235,126 8,563,450
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
220
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annual report 2024 | management discussion and analysis
(2) exposure to commitment and contigencies receivables in the commitment and contigencies report
(in million rupiah)
as of december 31, 2024 as of december 31, 2023
no portfolio category
Net RWA before Post-CRM Net RWA before RWA before
Receivables CRM WRA Receivables CRM CRM
(1) (2) (3) (4) (5) (6) (7) (8)
1 Receivables on - - - - - -
Sovereigns
2 Receivables on - - - - - -
Public Sector
Entities
3 Receivables on - - - - - -
Multilateral
Development Banks
and Institutions
4 Receivables on - - - - - -
Banks
5 Financing Secured - - - - - -
by Residential
Property
6 Financing Secured - - - - - -
by Commercial Real
Estate
7 Employee/Retiree - - - - - -
Financing
8 Receivables on - - - - - -
Micro, Small
Businesses and
Retail Portfolios
9 Receivables on - - - - - -
Corporations
10 Past Due - - - - - -
Receivables
Total - - - - - -
PT Bank BTPN Syariah Tbk
221
Page 223
(3) exposure to counterparty credit risk
(in million rupiah)
as of december 31, 2024 as of december 31, 2023
no portfolio category
Net RWA before RWA before Net RWA before RWA before
Receivables CRM CRM Receivables CRM CRM
(1) (2) (3) (4) (5) (6) (7) (8)
1 Receivables on - - - - - -
Sovereigns
2 Receivables on - - - - - -
Public Sector
Entities
3 Receivables on - - - - - -
Multilateral
Development Banks
and Institutions
4 Receivables on - - - - - -
Banks
5 Receivables on - - - - - -
Micro, Small
Businesses and
Retail Portfolios
6 Receivables on - - - - - -
Corporations
Total - - - - - -
(4) exposure on settlement risk
(in million rupiah)
as of december 31, 2024 as of december 31, 2023
no portfolio category
Net RWA before RWA before Net RWA before RWA before
Receivables CRM CRM Receivables CRM CRM
(1) (2) (3) (4) (5) (6) (7) (8)
1 Delivery versus - - - - - -
payment
a. 8% capital - - - - - -
charge (5-15
days)
b. 50% capital - - - - - -
charge (16-30
days)
c. 75% capital - - - - - -
charge (31-45
Tbk
days)
Tbk
Syariah
d. 100% capital - - - - - -
Syariah
charge (more
than 45 days)
BTPN
2 Non-delivery versus - - - - - -
BTPN
payment
Bank
Bank
Total - - - - - -
PTPT
222
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annual report 2024 | management discussion and analysis
(5) securitization exposure
(in million rupiah)
as of december 31, 2024 as of december 31, 2023
no portfolio category capital capital
RWA before RWA before
deduction deduction
CRM CRM
factor factor
(1) (2) (3) (4) (5) (6)
1 Eligible credit facility - - - -
2 Non-eligible credit facility - - - -
3 Eligible liquidity facility - -
4 Non-eligible liquidity facility - - - -
5 Eligible Asset-Backed Securities purchases - - - -
6 Non-eligible Asset-Backed Securities purchases - - - -
7 Other securitization exposure which not - -
included in Bank Indonesia regulation regarding
prudent principles in undergoing assets
securitization activities in banking industries
Total - - - -
(6) total credit risk exposure
(in million rupiah)
no portfolio category as of december 31, 2024 as of december 31, 2023
1 Total Credit Risk RWA 7,834,449 8,563,451
2 Total Capital Deduction Factor - -
PT Bank BTPN Syariah Tbk
223
Page 225
2. market risk based on the benchmark rate adjustment
Market Risk is the risk arising from the profile, known as the Repricing Gap Profile.
positions of assets, liabilities, and/or
equity due to changes in market prices The Bank employs the Repricing Gap Profile
that can affect the achievement of the method to measure the benchmark rate of
Bank’s objectives. The Bank has established the banking book from two perspectives:
adequate policies and procedures related to a. Income Perspective, which involves the
the fundamental principles of the market Calculation of Projected Net Interest
risk management framework. The market Income.
risk management implemented by the Bank b. Economic Value Perspective, which
includes measuring and monitoring changes involves the Calculation of Economic Value
in benchmark rates within the banking book of Equity (EVE).
portfolio, in accordance with the Bank’s
current activities. The management of the As part of monitoring market risk related
banking book benchmark rates is part of the to the value of securities held, the Bank also
overall Asset and Liability Management of conducts a revaluation process through Mark
the Bank and has been adjusted to the Bank’s to Market. Each month, the Bank monitors
business conditions. the measurements of Net Interest Income
Simulation and EVE, as well as the value
The Bank has also established policies and of securities through the Mark to Market
procedures regarding the segregation of process, which are then reported in ALCO
duties, responsibilities, and authorities meetings and relevant committees.
between the Treasury & Financial Institutions
unit, which is responsible for collecting and internal control system
providing information on transactions and
business volumes, and the Risk Management The internal control processes for market
Unit, which is responsible to identifying, risk focus on measuring resilience to losses
managing, and monitoring potential market under stressed market conditions. Stress
risks. The establishment of limits and risk test scenarios are conducted to assess
tolerance has been well documented in the the impact of changes in market interest
Liquidity and Market Risk Management Policy, rates on the Bank’s income. If there are
as well as the Market Risk Management discrepancies or breaches of the risk
Standard Operating Procedures (SOP). tolerances or limits established by the
Policies and procedures related to market Bank or regulators, as well as provisions in
risk are reviewed periodically to ensure its applicable policies and procedures, the Bank
relevance to the Bank’s business activities, will initiate an escalation process from the
compliance with regulatory requirements, and Market & Liquidity Risk unit to the Head
adherence to Sharia principles. of Risk Management, Treasury & Financial
Institutions, and the relevant Director or
adequacy of risk identification, measurement, committee regarding the breach.
monitoring, and control processes, and risk
management information systems The Treasury & Financial Institutions unit
or other business units are responsible
The Bank consistently identifies, measures, for normalizing market risk exposure in
manages, and monitors market risks arising accordance with a corrective action plan
from its business activities, addressing both within a specified timeframe. The Market
potential risks in normal conditions and & Liquidity Risk unit then monitors the
special circumstances. The identification of implementation of this corrective action plan
Tbk
benchmark rate risks begins with an analysis to report to the relevant committee, ensuring
Tbk
Syariah
of the sources of potential risks across all rate- proper execution.
Syariah
sensitive instruments of the Bank, including
assets, liabilities, and off-balance sheet 3. operational risk
BTPN
items, which could lead to losses in terms of Operational Risk is the risk arising from
BTPN
income and economic value. The exposure of inadequacies and/or failures in internal
Bank
the banking book from the Bank’s assets and processes, human errors, system failures,
Bank
liabilities is measured using sensitivity analysis and/or external events that affect the
PTPT
224
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annual report 2024 | management discussion and analysis
Bank’s operations in achieving its business relevant working units for appropriate and
objectives. The Bank has established policies adequate mitigation follow-up.
and procedures for managing operational
risk, which include a framework, internal Each working unit is also required to perform
control mechanisms, key processes, and the routine evaluations of their activities and
development of a risk-awareness culture. assess the risk levels associated with each
For fraud management, the Bank has activity in accordance with the Process Risk
implemented an Anti-Fraud Strategy Policy, Control (PRC) framework, Key Control Self-
which outlines the roles and responsibilities Assessment (KCSA), and Risk Grading Matrix
of employees in the context of fraud (RGM). The results are periodically reviewed
incidents, including prevention, detection, and to ensure that the risk levels of all processes
response to fraudulent actions. This policy are measurable.
encompasses efforts to foster a culture of
fraud awareness. Regularly, working units conduct self-
assessments of processes deemed to have
Supporting policies and procedures for significant risk potential. The results of
operational risk management have also these assessments are then validated by the
been established, including the Operational Quality Assurance function to ensure that
Risk Management Policy, Business Impact the evaluations align with the established
Analysis procedures, Business Continuity Plan, framework.
Business Continuity Management, Anti-Fraud
Strategy, Information Asset Security, and The Bank continuously monitors and records
Cybersecurity. All policies and procedures are every risk event in the Operational Risk
reviewed periodically to enhance and align Management System (ORMS) through their
them with the latest business developments respective working units. The Operational
and regulatory requirements, ensuring Risk Management Unit (SKMR) manages all
compliance with the application of Sharia information within the ORMS for analysis
principles. to determine the need for follow-up actions
based on incoming information.
In 2024, the Bank implement mitigation
measures by reviewing all financing As an early detection mechanism for
distribution processes to manage operational fraudulent activities, the Bank has a system
risks related to financing. This step aims to called JAGA, which allows employees to
ensure that adequate controls are in place report potential fraud incidents anonymously.
at each stage to minimize risks. Additionally, Reports will be followed up by the Anti-Fraud
mitigation is carried out by overseeing every Management unit, which will organize the
business initiative from the planning stage. investigation process in accordance with
This includes ensuring the readiness of applicable regulations. Fraud cases must
supporting systems therefore operational be reported to Management and regulators
processes can run more smoothly, efficiently, periodically.
and in accordance with the principles of
prudence. The Bank also holds coordination meetings
and regular communication forums involving
adequacy of risk identification, measurement, relevant working units to discuss the results
monitoring, control processes, and risk of operational risk management monitoring.
management information systems
To identify potential operational risks,
the Bank conducts a review of all policies,
PT Bank BTPN Syariah Tbk
procedures, and operational activities. The
recommendation resulted from the review
process are then communicated to the
225
Page 227
operational risk - bank only (in million rupiah)
no approach as of december 31, 2024 as of december 31, 2023
Gross Income Capital RWA Gross Income Capital RWA
(Average in Last 3 Charge (Average in Last 3 Charge
Years) Years)
(1) (2) (3) (4) (5) (6) (7) (8)
1 Standard 4,898,977 734,847 9,185,583 4,316,218 647,433 8,092,909
Indicator
Approach
Total 4,898,977 734,847 9,185,583 4,316,218 647,433 8,092,909
Operational Risk - Consolidated with Subsidiaries (in million rupiah)
no approach as of december 31, 2024 as of december 31, 2023
Gross Income Capital RWA Gross Income Capital RWA
(Average in Last Charge (Average in Last 3 Charge
3 Years) Years)
(1) (2) (3) (4) (5) (6) (7) (8)
1 Standard 4,903,762 735,564 9,149,543 4,317,402 647,610 8,095,128
Indicator
Approach
Total 4,903,762 735,564 9,194,553 4,317,402 647,610 8,095,128
The results of inspections and emerging issues are reported periodically to the Board of Directors
and the Board of Commissioners in the Risk Management Committee and Risk Monitoring
Committee meetings. Guidance and recommendations from the Board of Commissioners and
the Board of Directors will be communicated to the relevant working units for follow-up. The
implementation of the aforesaid recommendations is also monitored and reported to the Board of
Commissioners and the Board of Directors.
internal control system
The internal control system at the Bank is implemented through a three lines of defense framework.
In the first line, working units are supported by the Quality Assurance function to ensure that all
activities conducted comply with applicable policies and procedures. In the second line, the Risk
Management Unit (SKMR) maintains methodologies to identify, measure, monitor, and control
risks. Meanwhile, the Compliance Unit ensures that all Bank activities are conducted in accordance
with regulations and in compliance with sharia principles. The third line, Audit Intern ensures that all
residual risks are being managed to be in line the risk appetite and risk tolerance.
4. liquidity risk
Liquidity Risk is the risk arising from the Bank’s inability to meet its maturing obligations from cash
flow funding sources and/or from high-quality liquid assets that can be pledged, without disrupting
the Bank’s activities and financial condition. The Bank establishes liquidity risk control policies that
Tbk
are aligned with its mission, business strategy, capital adequacy, human resources, and risk appetite.
Tbk
Syariah
The Bank also defines clear separations of duties, responsibilities, and authorities among its units.
Bank
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Bank Syariah
BTPN
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The Bank also has policy and procedures that regulate the segregation of duty, responsibility,
and authority between Treasury and FI, unit responsible for collecting and providing information
regarding business transaction and volume, with SMKR which independently providing input and
analysis in the process of identifying, measuring, monitoring and managing liquidity risk.
To manage liquidity risk during a crisis, the Bank has established policies and procedures, starting
from the activation of the Contingency Funding Plan (CFP) and its implementation up to normal
conditions (Business as Usual or BAU). All existing policies and procedures are regularly reviewed
to ensure their relevance to the Bank’s business activities, regulatory requirements, and Sharia
principles.
In 2024, the Bank mitigated liquidity risk by conducting a contingency funding plan simulation
and revisiting the thresholds used for liquidity monitoring to be more contextual with the Bank’s
business activities.
adequacy of risk identification, measurement, monitoring, and control processes, and risk management
information system
The Bank has routinely, effectively, and adequately conducted the identification, measurement,
monitoring, and control of liquidity risk, referring to the measurement and monitoring processes,
methodologies, assumptions, and processes for risk control outlined in the liquidity risk management
policies and procedures.
The Bank measures and monitors liquidity risk indicators through a series of observation ratios, which
consist of the Financing to Deposit Ratio (FDR), funding concentration, and the adequacy of liquid
assets in assessing the Bank’s liquidity resilience. The Bank manages funding strategies both in normal
conditions and special circumstances.
In normal conditions, the Bank’s funding comes from capital and third-party funds, which are well-
governed, ensuring that the liquidity ratio is always maintained with maximum profitability. In special
circumstances, such as a crisis, the Bank will adopt a borrowing strategy or utilize facilities from the
bank’s counterparties, as regulated in the Standard Operating Procedures (SOP) for Measuring and
Monitoring Liquidity Risk and Contingency Funding.
To monitor the vulnerability of liquidity risk positions on a daily basis, the Bank observes Early Warning
Indicators, which are reported to the ALCO Committee. The Bank has a system that provides data for
reporting purposes, both for internal bank reports and reports to the regulator, including individual
reporting (maturity profile).
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1.1 disclosure of rupiah and foreign currency maturity profile - bank only
a) disclosure of rupiah maturity profile
as of december 31, 2024
maturity
no portfolio category balance
> 1 month > 3 months > 6 months
≤ 1 month
to 3 month to 6 months to 12 months
(1) (2) (3) (4) (5) (6) (7)
I Balance Sheet
A. Assets 21,929,647
1. Cash 592,911 592,911 - - -
2. Bank Indonesia Placement 1,669,329 1,669,329 - - -
3. Interbank Placement 2,195 2,195 - - -
4. Marketable Securities - Owned 8,996,528 1,374,422 864,322 1,219,007 2,278,981
5. Reverse Repo - - - - -
6. Murabah Receivables (gross) 9,743,275 282,613 505,768 1,339,868 5,615,442
7. Salam Receivables - - - - -
8. Istishna’ Receivables - - - - -
9. Qardh Receivables 64 8 - - -
10. Mudharabah Financing - - - - -
11. Musyarakah Financing 530,567 200,238 100,120 160,209 70,000
12. Ijarah - - - - -
13. Other Assets 394,778 394,778 - - -
B. Liabilities 12,431,370
1. Third Party Funds
a. Wadi’ah Current Account 6,792 6,792 - - -
b. Mudharabah Time Deposits 8,622,730 7,325,764 1,127,204 144,231 25,508
c. Wadi’ah Saving Account 2,118,289 2,118,289 - - -
d. Mudharabah Saving Account 977,118 977,118 - - -
e. Others - - - - -
2. Liability to Bank Indonesia - - - - -
3. Liability to Other Banks - - - - -
4. Marketable Securities - Issued 200,000 200,000 - - -
5. Receivables - - - - -
6. Other Liabilities 506,441 506,441 - - -
C. Off Balance Sheets
1. Commitments - - - - -
2. Contingencies - - - - -
D. Difference (A-B) 9,498,277
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | management discussion and analysis
(in million rupiah)
as of december 31, 2023
maturity
balance
> 1 month to 3 > 3 months to > 6 months to
> 12 months ≤ 1 month > 12 months
months 6 months 12 months
(8) (3) (4) (5) (6) (7) (8)
21,844,458
- 497,153 497,153 - - - -
- 763,443 763,443 - - - -
- 4,715 4,715 - - - -
3,259,796 8,566,692 2,898,723 591,975 570,282 1,557,689 2,948,023
- - - - - - -
1,999,584 11,532,552 205,560 654,777 1,559,722 6,276,133 2,836,360
- - - - - - -
- - - - - - -
56 530 355 7 5 33 130
- - - - - - -
- 19,669 408 1,593 8,507 4,660 4,501
- - - - - - -
- 459,704 459,704 - - - -
12,658,242
- 24,009 24,009 - - - -
23 9,030,866 7,329,602 1,467,881 227,896 5,487 -
- 2,197,988 2,197,988 - - - -
- 890,066 890,066 - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- 515,313 515,313 - - - -
- - - - - - -
- - - - - - -
9,186,216
PT Bank BTPN Syariah Tbk
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b) foreign currency maturity profile
as of december 31, 2024
maturity
no portfolio category balance
> 1 month > 3 months > 6 months
≤ 1 month
to 3 month to 6 months to 12 months
(1) (2) (3) (4) (5) (6) (7)
I Balance Sheet
A. Assets
1. Cash
2. Bank Indonesia Placement
3. Interbank Placement
4. Marketable Securities - Owned
5. Reverse Repo
6. Murabah Receivables (gross)
7. Salam Receivables
8. Istishna’ Receivables
9. Qardh Receivables
10. Mudharabah Financing
11. Musyarakah Financing
12. Ijarah
13. Other Assets
B. Liabilities
1. Third Party Funds
a. Wadi’ah Current Account
b. Mudharabah Time Deposits
c. Wadi’ah Saving Account
d. Mudharabah Saving Account
e. Others
2. Liability to Bank Indonesia
3. Liability to Other Banks
4. Marketable Securities - Issued
5. Receivables
6. Other Liabilities
C. Off Balance Sheets
1. Commitments
2. Contingencies
D. Difference (A-B)
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Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | management discussion and analysis
(in million rupiah)
as of december 31, 2023
maturity
balance
> 1 month to 3 > 3 months to > 6 months to
> 12 months ≤ 1 month > 12 months
months 6 months 12 months
(8) (3) (4) (5) (6) (7) (8)
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1.2 disclosure of rupiah and foreign currency maturity profile - consolidated with subsidiaries
a) disclosure of rupiah maturity profile
as of december 31, 2024
maturity
no portfolio category balance
> 1 month to > 3 months > 6 months
≤ 1 month
3 months to 6 months to 12 months
(1) (2) (3) (4) (5) (6) (7)
I Balance Sheet
A. Assets 22,178,947
1. Cash 592,911 592,911 - - -
2. Bank Indonesia Placement 1,669,329 1,669,329 - - -
3. Interbank Placement 251,474 190,474 61,000 - -
4. Marketable Securities - Owned 8,996,528 1,374,422 864,322 1,219,007 2,278,981
5. Reverse Repo - - - - -
6. Murabah Receivables (gross) 9,743,275 282,613 505,768 1,339,868 5,615,442
7. Salam Receivables - - - - -
8. Istishna’ Receivables - - - - -
9. Qardh Receivables 64 8 - - -
10. Mudharabah Financing - - - - -
11. Musyarakah Financing 530,567 200,238 100,120 160,209 70,000
12. Ijarah - - - - -
13. Other Assets 394,799 394,799 - - -
B. Liabilities 12,430,986
1. Third Party Funds
a. Wadi’ah Current Account 6,792 6,792 - - -
b. Mudharabah Time Deposits 8,622,730 7,325,764 1,127,204 144,231 25,508
c. Wadi’ah Saving Account 2,118,289 2,118,289 - - -
d. Mudharabah Saving Account 976,622 976,622 - - -
e. Others - - - - -
2. Liability to Bank Indonesia - - - - -
3. Liability to Other Banks - - - - -
4. Marketable Securities - Issued 200,000 200,000 - - -
5. Receivables - - - - -
6. Other Liabilities 506,553 506,553 - - -
C. Off Balance Sheets
1. Commitments - - - - -
2. Contingencies - - - - -
D. Difference (A-B) 9,747,961
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | management discussion and analysis
(in million rupiah)
as of december 31, 2023
maturity
balance
> 1 month to 3 > 3 months to > 6 months to
> 12 months ≤ 1 month > 12 months
months 6 months 12 months
(8) (3) (4) (5) (6) (7) (8)
22,084,418
- 497,153 497,153 - - - -
- 763,443 763,443 - - - -
- 244,657 136,157 108,500 - - -
3,259,796 8,566,692 2,898,723 591,975 570,282 1,557,689 2,948,023
- - - - - - -
1,999,584 11,532,552 205,560 654,777 1,559,722 6,276,133 2,836,360
- - - - - - -
- - - - - - -
56 530 355 7 5 33 130
- - - - - - -
- 19,669 408 1,593 8,507 4,660 4,501
- - - - - - -
- 459,722 459,722 - - - -
12,658,233
- 24,009 24,009 - - - -
23 9,030,866 7,329,602 1,467,881 227,896 5,487 -
- 2,197,988 2,197,988 - - - -
- 889,954 889,954 - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- 515,416 515,416 - - - -
- - - - - - -
- - - - - - -
9,426,185
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b) foreign currency maturity profile
as of december 31, 2024
maturity
no kategori portofolio balance
> 1 month to > 3 months > 6 months
≤ 1 month
3 months to 6 months to 12 months
(1) (2) (3) (4) (5) (6) (7)
I Balance Sheet
A. Assets 53,245 - - - -
1. Cash - - - - -
2. Bank Indonesia Placement - - - - -
3. Interbank Placement 482 482 - - -
4. Marketable Securities - Owned 52,763 52,763 - - -
5. Reverse Repo - - - - -
6. Murabah Receivables (gross) - - - - -
7. Salam Receivables - - - - -
8. Istishna’ Receivables - - - - -
9. Qardh Receivables - - - - -
10. Mudharabah Financing - - - - -
11. Musyarakah Financing - - - - -
12. Ijarah - - - - -
13. Other Assets
B. Liabilities - - - - -
1. Third Party Funds - - - - -
a. Wadi’ah Current Account - - - - -
b. Mudharabah Time Deposits - - - - -
c. Wadi’ah Saving Account - - - - -
d. Mudharabah Saving Account - - - - -
e. Others - - - - -
2. Liability to Bank Indonesia - - - - -
3. Liability to Other Banks - - - - -
4. Marketable Securities - Issued - - - - -
5. Receivables - - - - -
6. Other Liabilities - - - - -
C. Off Balance Sheets
1. Commitments
2. Contingencies
D. Difference (A-B) 53,245 - - - -
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | management discussion and analysis
(in million rupiah)
as of december 31, 2023
maturity
balance
> 1 month to 3 > 3 months to > 6 months to
> 12 months ≤ 1 month > 12 months
months 6 months 12 months
(8) (3) (4) (5) (6) (7) (8)
- 80,526 - - - - -
- - - - - - -
- - - - - - -
- 462 462 - - - -
- 80,064 80,064 - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- 80,526 - - - - -
PT Bank BTPN Syariah Tbk
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internal control system adequacy of risk identification, measurement,
monitoring, and control processes, and risk
The Bank has an adequate Internal Control management information system
System to ensure that transactions and
processes exposed to Liquidity Risk are As of 2024, the legal risk management
conducted in accordance with existing policies process has been running very well, where the
and procedures. For any discrepancy or processes of identification, measurement,
breach of liquidity ratios, the Bank will initiate monitoring, and control of legal risk have been
an escalation process from Market & Liquidity able to avoid or minimize the potential risk of
Risk to the Head of Risk Management, legal claims. This is evident and can be applied
Treasury and FI, and the Board of Directors or when providing opinions for resolving legal
relevant committees. Treasury and FI or other cases or reviewing legal documents.
business units are responsible for normalizing
the liquidity risk exposure in accordance with The identification, measurement, monitoring,
the improvement plan and the specified and control of legal risk are carried out by the
timeline. Market & Liquidity Risk will also Corporate Secretary and General Counsel
monitor the improvement plan, which is then Division, which oversees a specialized Legal
communicated to the relevant committees. unit. Information regarding legal cases or
issues is reported periodically to the Risk
The Bank also has a Contingency Funding Management Committee. The Bank monitors
Plan that governs the process of identifying legal risk through the Risk Management
liquidity crisis conditions through Early Committee and Internal Audit to ensure that
Warning Indicators (EWI). Internal Audits are residual risk has been controlled.
also conducted periodically on the liquidity
risk process, as well as the procedures and 6. strategic risk
actions taken in handling the Bank’s liquidity Strategic Risk is the risk arising from the
crisis, through the monitoring of both internal Bank’s failure in making and/or implementing
and external indicators in both crisis and strategic decisions, as well as its failure
normal conditions. to anticipate changes in the business
environment. Every year, the Bank prepares
5. legal risk a corporate plan and work plan in line with
Legal Risk is the risk arising from legal claims the Bank’s mission and strategy, which is
and/or weaknesses in the legal aspects of approved by the Board of Commissioners and
conducting business, which may disrupt the Board of Directors, taking into account
the achievement of the Bank’s objectives. the impact on capital.
Some actions to manage legal risk include
ensuring that the clauses in every contract Every semester, a review is conducted on
or agreement are sufficient and adequate the results of the implementation of the
to secure the Bank’s position, monitoring corporate plan and the risks that have
agreements that are nearing expiration, and emerged and been addressed. The Bank also
updating those agreements to ensure proper builds a Management Information System
documentation. to measure performance and regularly
monitors the implementation of Key Strategic
Additionally, the Bank has established Initiatives by the Bank’s units to achieve the
sufficient policies and procedures related work plan targets within the established
to the management of legal risk, including deadlines.
conducting reviews of these documents
in accordance with applicable laws and 7. compliance risk
Tbk
regulations. Compliance Risk is the risk arising from
Tbk
Syariah
the Bank’s failure to comply with and/or
Syariah
implement applicable laws, regulations, and
provisions for public companies as well as
BTPN
Sharia Principles. The Bank prioritizes the
BTPN
application of compliance with the prevailing
Bank
regulations. Therefore, the bank continuously
Bank
identifies and updates information regarding
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annual report 2024 | management discussion and analysis
provisions and regulations related to b. Awareness Perspective
financial services institution and public 1) Training has been provided using
companies. The Bank also establishes internal effective methods to ensure that every
regulations to encourage compliance across employee understands the training
all operational areas, improve communication materials and can implement them well
with regulators, and enhance the compliance in their daily tasks and work.
culture so that it becomes a culture applied 2) Various information to enhance the
throughout the organization. compliance culture has been presented
through engaging media that are easy
Throughout 2024, the Bank has carried out for employees to understand.
activities to enhance the Compliance Culture 3) A platform and help desk mechanism
in accordance with the Bank’s planning and have been established to assist with
strategy, including: compliance-related issues, allowing
a. Governance Perspective employees to easily ask questions and
1) Supervision by the Board of receive prompt and thorough answers.
Commissioners, Board of Directors, 4) The visits of the Sharia Supervisory
and Sharia Supervisory Board (DPS) Board (DPS) to the field, in addition
is conducted with a well-structured to conducting spot checks on the
mechanism, through regular meetings implementation of Sharia principles,
and direct field reviews also provide explanations and
2) The availability of a regulatory portal guidance on existing issues to increase
containing both external and internal awareness of Sharia principles.
rules that make it easier for employees
to find reliable references as work c. Assessment Perspective
guidelines. 1) Establishing a mechanism for direct
3) Monitoring of the validity period of field checks in collaboration with the
regulations is effectively carried out Sharia Supervisory Board (DPS) and
to ensure that internal provisions are other supervisory teams to ensure that
always up to date and in line with the Bank’s operational activities comply
applicable external regulations. with regulations.
4) Through a work process based on 2) Assessments are also conducted
relationships with business units and for the implementation of the Anti-
other departments, the internalization Money Laundering, Counter-Terrorism
of external regulations can be done Financing, and Proliferation Financing
more quickly and effectively with good Prevention programs (APU-PPT and
quality. PPPSPM) to identify customers and the
5) Commitment to the regulator on Bank’s treatment based on customer
recommended improvements is classification. This is done to protect
completed well, even faster than the the Bank from potential risks.
agreed-upon timeframe. 3) Assessment is conducted directly to
6) The compliance risk management all employees in the field for them to
process is well-executed to ensure receive input and guidance, as well
that the compliance risk profile rating as to be involved in the improvement
remains at level 1 (Low), indicating process.
that the compliance culture has been
effectively implemented in the bank.
PT Bank BTPN Syariah Tbk
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The main achievements of compliance risk 3. The reports to be submitted to OJK
control in 2024 based on completed activities are: (Financial Services Authority) are intensive,
with varying deadlines. To address this,
1. The compliance culture has been well the Bank ensures that its reminder system
implemented at BTPN Syariah, as evidenced functions well to prevent delays in the
by the well-maintained prudential ratios, with preparation and submission of reports.
no significant fines from regulators and all 4. The results of the Financial Integrity Rating
compliance risk profile parameters showing on Money Laundering and Terrorism Financing
positive values, resulting in a compliance risk conducted by PPATK (Indonesian Financial
profile rating of level 1 (Low). Transaction Reports and Analysis Center)
2. The internalization of regulatory rules has placed the Bank in the “Very Good” category.
been carried out effectively, as demonstrated This indicates that the Bank has a high
by the timely application of external commitment to supporting PPATK and law
regulations into internal rules and the enforcement authorities in implementing the
availability of the Bank’s regulatory portal, AML/CFT and PF/WMD programs.
which allows for monitoring the validity period
of regulations to ensure they are always up- The Bank believes that the compliance
to-date with current provisions. culture must continuously be strengthened to
3. All of the Bank’s commitments to regulators support rapid and healthy business growth.
have been fulfilled, even within a shorter time Compliance should be the responsibility
frame than required, both in terms of the of all levels of the organization and serve
Bank’s commitment to the results of the 2024 as a reflection of the implementation of
inspections and other commitments, such good corporate governance. To support the
as the implementation of the AML/CFT and implementation of the compliance strategy,
PF/WMD programs based on a Risk-Based the Compliance Division has organized its
Approach (RBA) through methods such as the structure into three (3) units:
National Risk Assessment (NRA) and Sectoral 1. Compliance Sharia & Advisory (CSA)
Risk Assessment (RSA), all conducted in 2. Compliance Development & Support
accordance with applicable regulations. (CDS)
3. Compliance Anti Money Laundering (AML)
In the area of compliance risk, the Bank’s & Counter - Terrorist Financing (CTF)
achievements in 2024 including:
1. The Bank’s obligation to comply with These three units work together to monitor
all rules issued by regulators, which are and control compliance risk, starting from
numerous. To address this, the Bank updates the identification of risk measurement
the regulations daily and assigns Person- parameters. The Bank’s compliance risk
in-Charge (PIC) to follow up on specific measurement parameters are determined
regulatory areas, ensuring that the Bank’s based on POJK (OJK Regulation) and
regulatory compliance is maintained. SEOJK (OJK Circular Letter) and the
2. The large number of employees spread across Bank’s business model, with appropriate
various regions creates a high potential for weights and percentages. Compliance
non-compliance. To mitigate this, the Bank risk measurement is documented in the
ensures the implementation of adequate compliance risk measurement working paper,
internal controls. Additionally, regular and the results of the compliance risk level
inspections by the Sharia Supervisory Board measurement are reported monthly to the
(DPS) are conducted to ensure compliance Risk Management Division to be discussed
with Sharia principles by both employees and in the Risk Management Committee and the
customers in the field. The Bank also performs Risk Monitoring Committee. Additionally,
Tbk
compliance assessments to ensure that the the compliance risk level is also reported in
Tbk
Syariah
Bank’s operations are in line with applicable the Compliance Report, which is prepared
Syariah
regulations, and it conducts regulatory monthly, quarterly, and semi-annually.
socialization through communication
BTPN
channels accessible to all employees. Through regular monitoring and control of
BTPN
compliance risk, any increase in compliance
Bank
risk can be detected quickly, allowing for
Bank
immediate mitigation. The Bank hopes that
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annual report 2024 | management discussion and analysis
through its activities throughout 2024, the factors that may affect the customer’s
compliance culture will become stronger and repayment performance. The results of this
more integrated into the work ethic of all monitoring are then reported to management
components of the Bank. so that the necessary mitigation steps can be
taken promptly.
8. reputation risk
Reputation risk is the risk arising from a 2025 Plan
decline in the level of trust from stakeholders
due to negative perceptions of the Bank, In 2025, the risk management at BTPN
which can affect the achievement of the Syariah will remain focused on supporting
Bank’s objectives. Efforts to manage this risk the achievement of the Bank’s business plan
include improving or enhancing the positive by ensuring that all business activities are
conducted within measured risks, in line with
image of the Bank through quality service and
the established risk appetite and tolerance.
providing constructive responses to negative
To achieve this, the risk management strategy
news in order to strengthen the Bank’s will emphasize strengthening infrastructure,
reputation with all stakeholders. developing risk management methodologies,
especially for new business initiatives, and
9. rate of return risk enhancing a risk-awareness culture throughout
Yield risk is the risk arising from changes the organization. The Bank will carry out a
in the interest rates paid by the Bank to number of strategic initiatives, including:
customers, due to changes in the yield the 1. Improving the quality of implementing the
Bank receives from fund disbursement, which 4 pillars of risk management to support the
can influence the behavior of the Bank’s Bank’s strategic business initiatives in synergy
third-party fund customers. The Bank has a with the parent entity, SMBCI.
Yield Risk Management policy outlined in the 2. Strengthening the risk management
Risk Management Policy and the Market & system, including optimizing integrated
Liquidity Risk Management Policy. To manage reviews in the second line (RISCOMNET)
yield risk, the Bank determines the inherent and full implementation of operational risk
yield risk for each product and transaction, as management tools in ORBAS, which has been
well as measures the yield risk profile with a operated since December 2024. Additionally,
risk rating. These policies and procedures are risk monitoring through the Risk Dashboard
reviewed periodically to ensure their relevance (PRISMA) will be enhanced to improve
to the Bank’s business activities, including transparency and effectiveness of risk
compliance with regulations and Sharia management.
principles. 3. Developing Key Risk Indicators (KRIs) that are
more integrated from all Risk-Taking Units
10. investment risk into one dashboard, allowing for independent
Investment risk is the risk arising from monitoring of operational risk indicators,
the Bank sharing in the business losses of which will be reported monthly to the Risk
customers financed through profit-sharing- Management.
based financing, either using the net revenue 4. Implementing working papers for CARE (Risk
sharing method or the profit and loss sharing Champion) members to assist in monitoring
method. The potential risk in this financing their individual tasks and responsibilities, as
model is the customer’s failure to repay, either well as serving as a basis for performance
due to a decline in their business performance evaluation of each CARE member within Risk
or external conditions. The Bank has Management.
implemented investment risk management 5. Enhancing control and monitoring of the Risk
from the customer acquisition process, Management Curriculum Program and Risk
including customer selection, payment Campaign Program across the entire Bank.
PT Bank BTPN Syariah Tbk
capacity analysis, and account maintenance 6. Standardizing training requirements for CARE
through fostering good relationships with members by defining the types/modules
customers by the Bank’s officers. of training that will serve as competency
standards, supporting their roles and
Periodically, the Bank also measures and responsibilities in the effectiveness of risk
monitors the performance of customers, management.
including monitoring changes in external
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support from the parent entity
To support the efficiency and optimization of resources at BTPN Syariah, as well as to create added
value for business activities, services, and operations, PT Bank SMBC Indonesia Tbk (SMBCI), as the
PSP (Parent Supporting Party) and Main Entity of BTPN Syariah within the SMBC Financial Group
conglomerate in Indonesia, has provided full support through the implementation of Banking Synergy,
which has been carried out in accordance with POJK Number 16 of 2022 on Sharia Commercial Banks.
The Banking Synergy plan between BTPN Syariah as a Member Entity and SMBCI as the Main Entity
is reflected in the Key Strategic Initiatives designed to build a digital sharia ecosystem to support
inclusive finance for the segments served by BTPN Syariah. Throughout its journey, the presence of
PT BTPN Syariah Ventura as a subsidiary has played a strategic role in supporting the sustainability of
the Bank’s operations. In the implementation of synergy with the subsidiary, the Board of Directors has
ensured the fulfillment of Sharia principles, effective risk management practices, and oversight that
supports good corporate governance. This includes prudence in formulating business plan strategies,
presenting sharia products and services, and comprehensive oversight of the performance of the Board
of Directors and Management of the Bank serving at the Subsidiary.
In 2024, accountability for the realization of synergy with the Parent Entity and Subsidiary was
reflected in various reports that meet regulatory requirements, including the Banking Synergy
Implementation Monitoring Report and the Bank’s Business Plan Realization Report. Oversight was
carried out at the Board of Commissioners level through the Integrated Governance Committee forum
within the SMBCI Financial Group conglomerate.
As of December 31, 2024, BTPN Syariah had 10 cooperation agreements with SMBCI and a cooperation
agreement with BTPN Syariah Ventura, covering 11 areas of collaboration, include Human Capital,
Information and Technology, Compliance, Legal and Litigation, Corporate Secretary, Internal Audit,
Finance and Treasury, Risk Management, Corporate Communication, DAYA, and Operations.
Looking ahead to 2025, synergy and innovation will continue to be the main foundation in addressing
business challenges and opportunities. By strengthening excellent behavior across all levels of the
organization, the Bank is ready to continue its commitment to loyally empowering customers and
driving sustainable growth.
Further details on the Banking Synergy and the Integrated Governance Committee can be found in the
Governance Implementation Report in this 2024 Annual Report.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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PT Bank BTPN Syariah Tbk
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05
good corporate
governance
Through a responsive compliance system,
the Bank swiftly and accurately integrates
external regulations into internal policies,
ensuring that all business processes remain
aligned with Sharia banking standards and
applicable regulations.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | good corporate governance
PT Bank BTPN Syariah Tbk
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report
GCG implementation
BTPN Syariah not only maintains a balance
between compliance and growth but also
strengthens stakeholder trust.
overview of the implementation happiness and material prosperity at
of good corporate governance the individual and societal levels. This
principle is reflected in every operational
(GCG) at BTPN Syariah and business activity of the company, in
alignment with its vision and mission.
As mandated by Law Number 4 of 2023
on the Development and Strengthening With the spirit of strengthening the
of the Financial Sector (PPSK Law), the development and sustainability of the
Financial Services Authority (OJK) is company, BTPN Syariah has embraced
committed to reinforcing policies for the alignment by adopting the Sustainable
development and strengthening of the Development Goals in line with the
national Sharia banking sector. The PPSK concept of Creating Shared Value
Law serves as a strong legal foundation (CSV), which emphasizes the integration
for strategic measures that enable OJK of social and economic values as key
to develop and strengthen Sharia banking elements in the business strategy. BTPN
in a more effective, comprehensive, and Syariah acts as an agent of change,
contributive manner. taking responsibility for social and
economic development in the surrounding
In line with the mandate of the PPSK community. This approach has become an
Law in establishing the philosophical
Tbk
integral part of BTPN Syariah’s business
Tbk
foundation of Sharia banking, BTPN strategy to create long-term value,
Syariah
Syariah upholds the pillars of the Sharia
Syariah
continually build trust with stakeholders,
economy, emphasizing that the goal of and reduce social and economic
economic activities is to achieve well- disparities.
BTPN
being, encompassing both spiritual
Bank
PTPT BTPN
Bank
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annual report 2024 | good corporate governance
PT Bank BTPN Syariah Tbk
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With the enactment of the PPSK Law, BTPN legal basis for GCG implementation
Syariah’s Strategic Initiative in addressing
current issues, challenges, and opportunities The implementation of Good Corporate
Governance (GCG) at BTPN Syariah refers to
in the national Sharia banking industry aligns
various guidelines and regulations, including:
with the Roadmap for the Development and
Strengthening of Indonesia’s Sharia Banking 1. Laws of the Republic of Indonesia on Capital
2023-2027, by taken into account the future Markets, Limited Liability Companies,
direction of BTPN Syariah’s development and Banking, Personal Data Protection, and
strengthening, reinforced by good corporate the Development and Strengthening of the
governance, which is generally harmonized with Financial Sector.
the global Sharia development framework. 2. Regulations of the Financial Services
Authority (POJK) and Bank Indonesia
Amid the business challenges of 2024, the Circular Letters on the Implementation
strengthening of good corporate governance at of GCG for Sharia Commercial Banks
BTPN Syariah is reflected in the reinforcement and Sharia Business Units, Governance of
of Sharia banking industry structure and Publicly Listed Companies, Governance
resilience, the acceleration of digital Sharia for Commercial Banks, Sharia Governance
banking, the enhancement of Sharia banking for Sharia Commercial Banks and Sharia
characteristics, the increased contribution of Business Units, the Board of Directors
BTPN Syariah to the national economy, and and Board of Commissioners of Issuers
the support of the Financial Services Authority or Public Companies, Risk Management
(OJK) in strengthening regulations, licensing, and Implementation, Disclosure of Information
supervision of Sharia banking. or Material Facts by Issuers or Public
Companies, Financial Reporting Integrity for
From the perspective of the Bank’s governance Banks, and Financial Conglomerates;
structure, the Board of Directors, Board of 3. ASEAN Corporate Governance Scorecard
Commissioners, and Sharia Supervisory Board 4. Articles of Association and Resolutions of the
have ensured the alignment of socio-economic General Meeting of Shareholders
values, complementing the core values embedded 5. Corporate Governance Policy
in BTPN Syariah Professional, Integrity, Mutual 6. Company Policies, Procedures, and Code of
Respect, and Cooperation (PRISMA), this Ethics.
commitment is further strengthened through
the shared identity of #bankirpemberdaya, in goals of GCG implementation
line with the implementation of Good Corporate
Governance (GCG) principles and Sharia BTPN Syariah upholds the rights of stakeholders
principles across all levels of the organization. and continuously ensures accountability
and transparency by fostering trust among
shareholders and investors, this is achieved
Complementing the enhancement of the Bank’s
through the implementation of the Corporate
governance structure, the implementation of
Governance Guidelines for Public Companies,
Good Corporate Governance (GCG) principles while taking into account the sector, industry,
in BTPN Syariah’s operational and business size, and complexity of a Sharia commercial
activities throughout 2024 has been carried out bank.
in a measured manner, aligned with business
complexity and the current market conditions. At This initiative aligns with the objectives of GCG
the same time, the Bank remains committed to implementation at BTPN Syariah, which aims
continuous innovation through the development to build a sound and resilient Sharia banking
Tbk
industry, protect stakeholders’ interests, enhance
and modernization of information technology,
Tbk
compliance with applicable regulations, and
Syariah
which facilitates the seamless integration of
uphold ethical values commonly practiced in the
Syariah
GCG principles into daily operations. Sharia banking industry.
PTPT Bank
Bank BTPN
BTPN
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annual report 2024 | good corporate governance
From an internal perspective, throughout In fostering a sound and resilient Sharia
2024, the Board of Directors has ensured the banking industry, the Bank upholds the rights of
continued commitment to the implementation stakeholders. Each governance function within
of soundness of corporate governance principles the Bank ensures accountable and transparent
by managing business and operational activities management and supervision, maintaining the
professionally, continuously improving the quality trust of shareholders and investors through the
of the bank’s internal control systems and implementation of the Corporate Governance
risk management, and adhering to applicable Guidelines for Public Companies. This is
regulations in alignment with Sharia principles. conducted while considering developments in the
sector, industry trends, as well as the size and
From an external perspective, throughout complexity of BTPN Syariah.
2024, the Board of Directors has conducted
fair, healthy, and ethical business competition Throughout 2024, the Board of Directors has
while carefully managing emerging risks. At ensured the effective implementation of GCG in
the same time, they have remained committed the Bank’s management, with adequate checks
to the Bank’s Vision and Mission, preserving and balances and control systems in place. As
the company’s reputation through the a Sharia commercial bank, the Bank adheres
implementation of good GCG guidelines for a to GCG implementation regulations for Sharia
Public Company. Commercial Banks, based on six fundamental
principles. Moreover, as a public company,
commitment to fundamental principles the implementation of GCG at BTPN Syariah
encompasses five key aspects, eight good GCG
and corporate governance guidelines at
principles, and 25 implementation of GCG
BTPN Syariah aspects and principles.
BTPN Syariah consistently upholds its
commitment to the fundamental principles of
GCG across all levels of the Bank, embedding
these principles into the corporate culture.
The commitment to GCG implementation aims
to build a sound and resilient Sharia banking
industry, protect stakeholders’ interests, and
enhance compliance with applicable regulations
and ethical standards commonly practiced in the
Sharia banking sector.
PT Bank BTPN Syariah Tbk
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milestones
GCG implementation at BTPN Syariah
2012-2013 2021
Preparing governance frameworks for the conversion • Amendment of the Articles of Association, including
of a conventional commercial bank into a Sharia the enhancement of GCG policies and other procedures
commercial bank and the spin-off of the Sharia related to the implementation of electronic General
Business Unit, as the forerunner of BTPN Syariah. Meeting of Shareholders (e-GMS).
• Improvement in the quality of GCG implementation as
a public company and Sharia Commercial Bank through
the availability of electronic proxy (e-Proxy) for the 2021
Annual General Meeting of Shareholders (AGMS).
• Strengthening GCG implementation by adopting the
ASEAN Corporate Governance Scorecard for the 2020
2014 Financial Year, successfully increasing the score to 92.03,
classified as Excellent.
• Implementation of Banking Synergy.
• Becoming a Sharia Commercial Bank (BUS) • Declaration of Compliance.
• Establishment of GCG Policies for BUS
• Establishment of the Board of Directors and Board
of Commissioners Committees
• Establishment of the Risk Management Unit,
Compliance Unit, and Internal Audit Unit
• Availability of the Bank’s Governance Structure and
Supporting Infrastructure (Guidelines and Work
Regulations, Code of Ethics, Policies, Procedures, 2019-2020
Program Products, Organizational Structure, Work
Plans, and Bank Business Plan)
• Extensive dissemination of the Anti-Fraud and • Name change to PT Bank BTPN Syariah Tbk to
Whistleblowing System align with the Parent Entity’s name.
• Implementation of Sharia Compliance and GCG • Adoption of the ASEAN Corporate Governance
Self-Assessment Scorecard for GCG implementation in the 2019
financial year, achieving a score of 87.75 (above the
industry average).
• Submission of the Sustainable Finance Action Plan
one year ahead of the mandatory requirement for
BUKU 2 Banks.
• Integrity Pact for all employees.
2015-2016
• Strengthening infrastructure for the Bank’s Organ 2018
• Improvement of GCG policies, complemented
by Integrated Governance within the financial
conglomerate • Becoming a Public Company (Initial Public
• Implementation of Integrated Governance with the Offering)
Parent Company, including the establishment of the • Improvement of Primary and Supporting
Integrated Governance Committee and Integrated Risk Infrastructure for the Bank’s Governing Organs
Management • GCG policies adopting regulations applicable to
• Strengthening Supporting Organs through Sharia Commercial Banks and Public Companies
the establishment of the Business Committee, • Establishment of Ownership, Information
complementing the Board of Directors Committees Confidentiality, and Employee Investment Policies
formed in 2014 related to insider trading
• Strengthening the Governance Supporting
Structure through the establishment of the
Financing Policy Committee, complementing
the Board-level Committees formed in 2014 and
2017 expanded in 2015
Tbk
• Improvement of the Bank’s website in accordance
Tbk
with public company regulations
Syariah
• Improvement of the annual report in compliance
• Establishment and Strengthening of the Governance
Syariah
with both Sharia Commercial Bank regulations
Structure in preparation for the Initial Public Offering and public company requirements
(IPO), including the appointment of the Corporate • Implementation of Information Disclosure and
Secretary and Independent Director
BTPN
Reporting to Regulators and the Public
• Amendment of the Articles of Association in accordance
BTPN
with regulations for Public Companies
Bank
• Preparation of all supporting tools and infrastructure
Bank
required for a public company
PTPT
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annual report 2024 | good corporate governance
2024
• Amendments to the Articles of Association in
2022 accordance with POJK No. 17 of 2023 on Corporate
Governance Implementation for Commercial Banks
• Improvement of General Meeting of Shareholders (“POJK 17/2023”).
(GMS) implementation through the implementation • Improvement of GCG Policies, taking into account
of electronic GMS (e-GMS) using electronic voting POJK 17/2023, POJK No. 15 of 2024 on Bank
(e-Voting) for calculation and vote collection. Financial Reporting Integrity (“POJK 15/2024”), and
• Improvement in the quality of GCG implementation POJK No. 2 of 2024 juncto SEOJK No. 15 of 2024
by adopting the ASEAN Corporate Governance on Sharia Governance Implementation for Sharia
Scorecard, successfully increasing the score to Commercial Banks and Sharia Governance (“POJK
101.57, classified as LEADERSHIP IN CORPORATE 2/SEOJK 15/2024”).
GOVERNANCE for the 2021 financial year. • Updating the Charter for the Board of
• Subsidiary entity, PT BTPN Syariah Ventura, officially Commissioners, Board of Directors, Sharia
commenced operations. Supervisory Board, and Board Committees,
• Implementation of consolidated risk management with considering:
the subsidiary entity. a. POJK No. 18/POJK.03/2014 dated November
• Implementation of consolidated GCG self-assessment 19, 2024 on the Implementation of Integrated
with the subsidiary entity, complementing the Governance for Financial Conglomerate juncto
consolidated GCG self-assessment with the Parent Circular Letter of Financial Services Authority
Entity. (SEOJK) No. 15/SEOJK.03/2015 dated May
• Continuation of Banking Synergy implementation. 25, 2015 on the Implementation of Integrated
• Development of the Ten-Year Corporate Plan, first Governance for Financial Conglomerate;
formulated in 2022. b. POJK No. 17/POJK.03/2014 dated November 19,
2014 on the Implementation of Integrated Risk
Management for Financial Conglomerate juncto
SEOJK No 14/SEOJK.03/2015 dated May 25,
2015 on the Implementation of Integrated Risk
Management for Financial Conglomerate
c. POJK 2/SEOJK 15/2024,
d. POJK 15/2024.
• Regarding the Financial Conglomerate within the
SMBC Indonesia Group:
a. OJK has designated BTPN Syariah as a Member
2023 Entity.
b. Reactivation of the Integrated Governance
• Implementation of electronic General Meeting of Committee following the effective
Shareholders (e-GMS) equipped with e-Voting and implementation of Financial Conglomeration
e-Proxy. within the SMBC Indonesia Group in 2024.
• Adoption of the revised 2023 ASEAN Corporate c. Signing of the Corporate Charter, Policies, and
Governance Scorecard. Guidelines and Work Rules for the Integrated
• Improvements to the Bank’s website refer to the Governance Committee in 2024.
provisions of issuers or public companies and the d. Conducting a Self-Assessment on Integrated
revised ASEAN Corporate Governance Scorecard. GCG Implementation within the Financial
• Refinement of the annual report by incorporating Conglomerate.
Sharia Commercial Bank (BUS) regulations, public e. Submission of the 2024 GCG Report to the
company requirements, banking governance Parent Entity.
standards, and the revised ASEAN Corporate • Improvement of GCG Principles Implementation,
Governance Scorecard. adopting the revised 2024 ASEAN Corporate
• Continuation of Banking Synergy implementation. Governance Scorecard.
• Improvement of GCG policies, taking into account • Consistent implementation of electronic General
POJK 16/POJK.03/2022 on Sharia Commercial Banks Meetings of Shareholders (e-GMS) with e-Voting
and Law No. 4 of 2023 on the Development and and e-Proxy.
Strengthening of the Financial Sector. • Refinement of the 2023 Annual Report and
• Updating the Charter for the Board of Sustainability Report, incorporating Corporate
Commissioners, Board of Directors, and Board-level Governance for Commercial Banks, the provisions
Committees in alignment with POJK No. 17 of 2023 on of issuers or public companies, and the ASEAN
Corporate Governance for Commercial Banks. Corporate Governance Scorecard.
PT Bank BTPN Syariah Tbk
• Strengthening the Corporate Governance Support • Implementation of Information Security Operations
Structure by establishing the Information Security at BTPN Syariah, reflecting the commitment to
Management System Committee, complementing adopting an Information Security Management
the board-level committees formed in 2014. This System aligned with national and international
initiative ensures the implementation of information standards, specifically ISO 27001: 2013.
security operations at BTPN Syariah, reflecting the • Implementation of Banking Synergy in line with
commitment to adopting an Information Security POJK No. 16 of 2022 on Sharia Commercial Banks.
Management System aligned with national and • Improvement of the Bank’s website, refer to the
international standards, specifically ISO 27001. provisions of issuers or public companies and the
ASEAN Corporate Governance Scorecard.
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basic principles and
GCG guidelines
as a sharia commercial bank
BTPN Syariah has implemented all the principles of Good Corporate Governance (GCG), including Transparency,
Accountability, Responsibility, Professionalism, and Fairness, in the company’s business activities.
The embodiment of these principles is as follows:
The Bank must provide material and relevant information in a way that is easily
accessible and understood by stakeholders in order to maintain objectivity in running
Transparency business. The Bank must take the initiative to disclose not only issues required by
prevailing regulations, but also matters that are important for decision making by
Shareholders, Customers and other Stakeholders;
The Bank must be able to account for its performance in a transparent and fair
manner. To achieve this, the Bank must be managed properly, in a measured manner,
Accountability and in alignment with the Bank’s interests while also considering the interests of
Shareholders and other Stakeholders. Accountability is a necessary prerequisite for
achieving sustainable performance.
The Bank must comply with all Sharia Principles and applicable laws and regulations,
while also fulfilling its responsibilities to God Almighty, Shareholders, society, the
environment, and other relevant stakeholders. This ensures that the implementation
Responsibility
of Sharia Principles is continuously maintained and optimized for long-term business
sustainability, earning recognition as a reputable entity that adheres to both Sharia
law and applicable positive law.
The Bank is managed independently, ensuring that each of its governing organ does
not dominate one another and cannot be influenced by external parties, possesses
the necessary competence, is able to act objectively, remains free from any external
Professionalism
influence, and is highly committed to the Bank’s development. This is to ensure that
good corporate governance (GCG) principles are consistently applied across all Bank
activities.
The Bank consistently considers the interests of Shareholders and other stakeholders
Fairness in fulfilling their rights based on the principles of justice and equality in conducting its
business activities.
as a public company
As a Public Company, the implementation of GCG Principles at BTPN Syariah includes 5 (five) aspects, 8 (eight) good
GCG principles, and 25 (twenty-five) implementations of GCG aspects and principles:
1. Aspect of Relations Between the Public Company and Shareholders in Ensuring
Shareholders’ Rights
ASPECTS of GCG 2. Aspect of the Functions and Roles of the Board of Commissioners and the Sharia
implementation for a public Supervisory Board
company, including: 3. Aspect of the Functions and Roles of the Board of Directors
4. Aspect of Stakeholder Participation
5. Aspect of Information Disclosure
1. Improving the Value of the General Meeting of Shareholders (GMS);
2. Improving the Quality of Communication between the Public Company and
Shareholders or Investors;
Tbk
Tbk
3. Strengthening the Membership and Composition of the Board of Commissioners;
PRINCIPLES of GCG
Syariah
4. Improving the Quality of the Duties and Responsibilities of the Board of
implementation for a public
Syariah
Commissioners;
company, including:
5. Strengthening the Membership and Composition of the Board of Directors;
6. Improving the Quality of the Duties and Responsibilities of the Board of Directors;
BTPN
BTPN
7. Improving Corporate Governance Aspects through Stakeholder Participation;
8. Improving the Implementation of Information Disclosure.
PTPT Bank
Bank
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annual report 2024 | good corporate governance
1. Public Company shall have a method or technical procedure for voting, whether
open or closed, which prioritizes the independence and interest of shareholders;
2. All members of the Board of Directors and Board of Commissioners of Public
Company shall attend Annual GMS;
3. Summary of GMS shall be available on the Website of the Public Company for at
least 1 (one) year;
4. Public Company shall have a policy on communication with shareholders or
investors;
5. Public Company shall disclose its policy on communication with shareholders or
investors in the Website;
6. The number of members in the Board of Commissioners shall take into account
the condition of the Public Company;
7. The composition of members in the Board of Commissioners shall take into
account the diversity of skills, knowledge, and experience required;
8. The Board of Commissioners shall have its own self-assessment to assess the
performance of the Board of Commissioners;
9. The self-assessment policy to assess the performance of the Board of
Commissioners shall be disclosed in the Annual Report of the Public Company;
10. The Board of Commissioners shall have a policy on the resignation of its
members if the person were involved in financial crime;
11. Board of Commissioners, or a Committee performing Nomination and
Remuneration functions, shall make policy on succession in the process of
Nominating members of the Board of Directors;
implementation of GCG 12. The number of members in the Board of Directors shall take into account the
ASPECTS and PRINCIPLES, condition of the Public Company and effectiveness in decision making;
including: 13. The composition of members in the Board of Directors shall take into account
the diversity of skills, knowledge, and experience required;
14. Members of the Board of Directors that supervises the accounting and finance
sector should have expertise and/or knowledge in accounting;
15. The Board of Directors shall have its own self-assessment to assess the
performance of the Board of Directors;
16. The self-assessment policy to assess the performance of the Board of Directors
shall be disclosed in the Annual Report of the Public Company;
17. The Board of Directors shall have a policy on the resignation of its members if
the person were involved in financial crime;
18. Public Company shall have a policy to prevent insider trading;
19. Public Companies shall have policy on anti-corruption and anti-fraud;
20. Public Company shall have a policy on selection and capacity improvement of
suppliers or vendors;
21. Public Company shall have a policy on the fulfillment of creditors’ rights;
22. Public Companies shall have a policy on whistle-blowing mechanisms;
23. Public Company shall have a policy on long-term incentives for the Board of
Directors and employees;
24. Public Company shall utilize information technology more expansively in addition
to website as information disclosure media;
25. The Annual Report of a Public Company shall disclose the final beneficial owner
within the shares ownership of at least 5% (five percent) in the Public Company,
in addition to the disclosure of the final beneficial owner within the ownership of
the shares in the Public Company through main and controlling shareholders.
Throughout 2024, BTPN Syariah has continued to prioritize the implementation of GCG guidelines at all levels of the
organization.
PT Bank BTPN Syariah Tbk
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structure and
mechanism of good corporate governance (GCG)
Corporate Governance Structure at BTPN Syariah
General Meeting of Shareholders
Board of Commissioners Sharia Supervisory Board Board of Directors
Risk Management
Audit
Committee
Committee
Information & Technology
Risk Monitoring
Steering Committee
Committee
Financing Policy
Nomination and Remuneration
Committee
Committee
Integrated Governance Committee Assets and Liabilities
(within the scope of the Financial Management Committee (ALCO)
Conglomerate)
Business
Committee
Human Capital
Committee
Information Security
Management System Committee
Integrated Governance
• Integrated Risk
Corporate Secretary and
Compliance Risk Management Management
General Counsel
• Integrated Compliance
Tbk
• Integrated Internal Audit
Bank
PTPT BTPN
Bank Syariah
BTPN Tbk
Syariah
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annual report 2024 | good corporate governance
In compliance with Law No. 40 of 2007 Risk, DAYA, and Distribution 1-3,
concerning Limited Liability Companies (UUPT) Additionally, Business Team 2 is responsible
and as part of the banking industry, the for Business Development, Funding &
governance structure at BTPN Syariah consists New Business Planning & Support, Retail
of Main Organs and Supporting Organs. Funding Sales, Wholesale & Public Sector,
and Financing Distribution, which includes
main organs Distribution 4 and 5 as well as the New
Business Project Team, The Finance, Treasury
• General Meeting of Shareholders (GMS) & Operations Team manages Financial
• Board of Commissioners Control & Analytics, Treasury & Financial
• Sharia Supervisory Board Institution, Operations Development, QA
• Board of Directors Funding & Operations, Transaction Services,
and Corporate Services. Furthermore, the
supporting organs bank has established divisions for Information
Technology, Human Capital, and Internal
1. The Board of Commissioners Committees: Audit, all of which operate under the
a. Audit Committee supervision of the President Director.
b. Risk Monitoring Committee 5. Sustainability Task Force
c. Nomination and Remuneration Committee To achieve the implementation of sustainable
d. Integrated Governance Committee finance initiatives, BTPN Syariah has
2. The Board of Directors Committees: established a Sustainability Task Force.
a. Asset and Liability Management This task force is responsible for ensuring
Committee comprehensive internal coordination and
b. Business Committee oversight of the bank’s plans in alignment
c. Human Capital Committee with the Sustainable Finance Action Plan.
d. Risk Management Committee
e. Information Technology Steering BTPN Syariah has made tangible
Committee contributions to initiatives aimed at
f. Financing Policy Committee improving environmental quality and remains
g. Information Security Management System committed to continuously empowering its
Committee inclusive banking customers. The bank strives
3. BTPN Syariah has established dedicated to enhance their well-being and quality of life
work units to support business development, in line with its sustainability objectives.
operational activities, risk management
implementation, and internal control. These BTPN Syariah improves its GCG structure from
internal work units include the Internal Audit time to time, adapting to the bank’s conditions
Work Unit (SKAI), the Risk Management Work and needs.
Unit (SKMR), and the Compliance Work Unit
(SKK)
4. BTPN Syariah has established several
additional divisions to enhance its
organizational structure. These divisions
include Corporate Information Security,
Corporate & Marketing Communication, and
PT Bank BTPN Syariah Tbk
Business Team 1, which oversees Financing
Business Planning & Support, Mitra Tepat &
Project Implementation, Financing Business
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Implementation of
governance
standards for implementing 12. The implementation of governance in the
Bank’s strategic planning.
GCG guidelines at BTPN 13. The implementation of governance in
Syariah shareholder-related aspects.
14. The implementation of anti-fraud strategies,
including anti-bribery measures.
The implementation of GCG guidelines at BTPN
15. The implementation of sustainable finance,
Syariah begins with strengthening human
including corporate social and environmental
resources, which play a crucial role in shaping
responsibility.
a high-quality governance framework. Every
16. The implementation of governance within the
employee at BTPN Syariah is equipped with a
Bank’s Business Group.
comprehensive understanding of GCG principles
and their application across all levels of the
As a Sharia Commercial Bank, it is reflected in
organization in carrying out business activities
the implementation of the following aspects:
and operational functions. This knowledge is
1. Transparency principles regarding the
imparted from the very beginning through an
condition of the Sharia Commercial Bank.
induction program and corporate governance
2. Sharia principles in fund collection, fund
introduction, followed by regular refresher
distribution, and service provision.
programs.
3. Sharia governance for the Sharia Commercial
Bank, including the implementation of
Throughout 2024, the standards for GCG Sharia compliance functions, Sharia risk
implementation at BTPN Syariah have management, Sharia internal audit, as well
consistently adhered to the regulations as the preparation of the Sharia Governance
applicable to commercial banks, Sharia Implementation Report and the Sharia
commercial banks, and public companies, while Governance Implementation Assessment.
also taking into account the application of
Sharia governance for Islamic commercial banks, Improvement of the Standards for GCG
including: Guidelines Implementation at BTPN
Syariah
As a Commercial Bank, the implementation of
GCG is reflected in the following aspects: The Bank’s Organs have actively contributed to
1. The establishment of a collective identity improving the quality of information presented
through #bankirpemberdaya. to all stakeholders, adhering to GCG principles
2. The implementation of duties, responsibilities, throughout 2024.
and authorities of the Board of Directors,
Board of Commissioners, and Sharia The Board of Directors have undertaken
Supervisory Board. some efforts to elevate the standards of
3. The completeness and implementation of GCG guideline implementation through the
duties by the Committees under the Board of continued adoption of the Corporate Governance
Directors and the Board of Commissioners. Scorecard. This framework represents the
4. The implementation of policies for managing standard for GCG implementation at the
conflicts of interest. Southeast Asian level, incorporating updated
5. The implementation of the compliance parameters refined at the beginning of 2024.
function.
6. The implementation of the internal audit
In daily implementation of operational and
function.
business activities, the Board of Directors
7. The implementation of the external audit
Tbk
and Supporting Organs have ensured that all
Tbk
function.
Syariah
8. The implementation of risk management, parameters of GCG principle implementation
Syariah
including the internal control system. initiatives at BTPN Syariah remain well-
9. The implementation of remuneration policies. maintained and have been assessed as meeting
BTPN
10. The implementation of policies for fund stakeholder expectations.
BTPN
provision to related parties and large
Bank
exposures. This commitment is reflected in the Bank’s
Bank
11. The implementation of integrity in reporting Organs dedication to maintaining the
PTPT
and information technology systems. implementation of the ASEAN Governance
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annual report 2024 | good corporate governance
Scorecard over the past five years, with the Every #bankirpemberdaya posseses a unique
achievement of Leadership in Corporate identity that has been built collectively and
Governance. Through the strengthening of serves as a crucial indicator in meeting the needs
governance structures and the enhancement of the inclusive society:
of supporting infrastructure aligned with the
Corporate Governance Scorecard, the Bank • For #bankirpemberdaya who interact
aims to sustain its strong governance rating by directly with customers
continuously improving the quality of information They uphold Responsible Customer
disclosure. The Bank remains committed Engagement, meaning those on the front
to upholding shareholder rights, promoting lines are fully aware and consistently
transparency and disclosure, and reinforcing take responsibility for providing excellent
the responsibilities of the Board of Directors
service to customers.
and Board of Commissioners as the Bank’s
Organs. Furthermore, it ensures fair treatment • For #bankirpemberdaya who do not
of shareholders and optimizes the role of interact directly with customers
stakeholders in corporate governance. They focus on Simple and Secure product
and process development, ensuring full
Alhamdulillah, the Bank’s increased contribution, awareness in creating straightforward
aligned with enhanced transparency, has had a yet secure solutions that align with
positive impact by the end of 2024. As a result, established risk tolerance. This approach
BTPN Syariah once again received recognition, considers the challenges faced by
receiving the “Best Overall” award in corporate
underprivileged families, such as limited
governance implementation and ranking among
the Top 10 of the Top 50 Mid-Capitalization education, financial records, and formal
Issuers. This recognition was presented by the documentation.
Institute for Corporate Directorship at The
15th IICD Corporate Governance Conference Through the unique identity of
and Awards. This award complements the #bankirpemberdaya, BTPN Syariah remains
appreciation the Bank received earlier in 2024, committed to serving the inclusive society. The
when it was honored with the Indonesian continued development in the implementation
Excellence GCG Awards in the category of Good of BDKS (Courage, Discipline, Hard Work, and
Corporate Governance Ethics in Enhancing
Mutual Assistance) has had a significant impact
Banking Accessibility for Inclusion Society for the
Sharia Bank category. on performance, quality, and the growth of
businesses within the inclusive community.
Insyaa Allah, BTPN Syariah will remain
committed to upholding good corporate The Board of Directors is committed to
governance to address issues, challenges, fostering a positive work environment, creating
and opportunities while ensuring the Bank’s opportunities for growth, and enabling a more
continued development and strengthening in meaningful life. Together, we strive forward,
the future. This will be achieved by reinforcing achieving milestones and building resilience
the Bank’s distinctive characteristics within the
to navigate challenges and seize business
Sharia banking industry and enhancing BTPN
Syariah’s contributions in alignment with the opportunities.
global Sharia finance development agenda.
standard of quality for implementing
standard of quality for implementing GCG through the performance of
GCG through the Declaration of a duties, responsibilities, and authorities
collective identity #bankirpemberdaya of the Board of Directors, Board of
Commissioners, and Sharia Supervisory
BTPN Syariah has established a policy stating Board
that the Bank’s Vision and Mission must be
pursued by initially strengthening character and All Bank Organs at BTPN Syariah, consisting of
declaring a shared identity among employees as
PT Bank BTPN Syariah Tbk
the General Meeting of Shareholders, the Board
#bankirpemberdaya. of Directors, the Board of Commissioners, and
the Sharia Supervisory Board, have implemented
The term #bankirpemberdaya refers to a banking GCG principles.
profession (banker) with a distinct role—one that
collects funds from the affluent segment and
Throughout 2024, the Board of Commissioners
channels them to the inclusive society, fulfilling
and the Sharia Supervisory Board have actively
the deep desire to bring meaningful benefits to
others. carried out their supervisory duties to ensure
the proper implementation of GCG principles
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at BTPN Syariah. The supervision of the Board Remuneration Committee. Moreover, seven
of Directors has been conducted through a Board of Directors Committees have been
structured mechanism that regulates the formed, comprising the Asset and Liabilities
relationship between the Board of Directors, Management Committee, the Risk Management
the Board of Commissioners, and the Sharia Committee, the Human Capital Committee,
Supervisory Board. This framework is outlined in the Business Committee, the Financing Policy
the Charter, which have been formulated based Committee, the Information Technology Steering
on the required number, composition, criteria, Committee, and the Information Security
and independence, as well as the regulation of Management System Committee.
duties, responsibilities, and authorities while
maintaining transparency. The establishment of these committees at
BTPN Syariah has been aligned with the
Further details regarding the Bank Organs Bank’s needs and/or complexity. The scope
can be found in the sections related to of duties, responsibilities, and authorities of
Shareholders, the Board of Directors, the Board the Board of Directors Committees and the
of Commissioners, and the Sharia Supervisory Board of Commissioners Committees has been
Board in the GCG Implementation Report of this periodically reviewed throughout 2024.
2024 Annual Report.
Complementing the supervisory duties at the
standard of quality for implementing Board of Commissioners level, an Integrated
GCG through the completeness and Governance Committee has been established
implementation of duties of the by the Parent Entity to fulfill supervisory
responsibilities within the financial conglomerate.
Board of Directors’ and the Board of
Commissioners’ committees;
Each committee at BTPN Syariah has its own
Charter and Code of Conduct, and the Board
In conducting supervisory function, the Board of Commissioners and the Board of Directors
of Commissioners, assisted and supported by conduct performance evaluations of the
the Board of Commissioners’ Committees, has committees at least at the end of each financial
ensured that every policy, strategic decision of year.
the Board of Directors, product and service, as
well as the management of human resources, Further details regarding the Board of Directors
logistics, and supporting documentation, were Committees and the Board of Commissioners
properly fulfilled in 2024. Committees are in the section of GCG
Implementation Report of this 2024 Annual
Furthermore, with the support of the Compliance Report.
Team, the Sharia Supervisory Board, as a
Bank Organ at BTPN Syariah, has fulfilled its standard of quality for implementing
supervisory duties to ensure the implementation GCG through the implementation of
of Good Corporate Governance (GCG) principles conflict of interest management
and Sharia principles in every activity, product,
service, and operational activity at BTPN Syariah
throughout 2024. The Corporate Governance Policy, the Charters
and Code of Conduct for the Bank’s Organs and
Supported by the Board of Directors’ Supporting Organs, as well as the Code of Ethics
Committees, the Board of Directors has carried at BTPN Syariah regulate conflict of interest
out its management function in 2024 to ensure management. These regulations aim to identify,
that operational activities, products, services, mitigate, and manage potential conflicts of
Tbk
supporting tools, and infrastructure—such as interest that may arise within the Bank as a
Tbk
Syariah
regulations and procedures—are adequately result of its business operations.
Syariah
available and in compliance with regulatory
requirements. Internal procedures have been adequately
BTPN
established under regulations for managing
BTPN
At BTPN Syariah, three Board of Commissioners conflicts of interest, binding all executives
Bank
Committees have been established, consisting and employees. The administration, recording,
Bank
of the Audit Committee, the Risk Monitoring documentation, and disclosure of conflicts of
PTPT
Committee, and the Nomination and interest are reflected in meeting minutes and/or
other relevant documents as required.
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As a Sharia commercial bank and a public
company, BTPN Syariah is obligated to ensure The Bank continuously enhances its systems
transparency and report to the Regulator, as and procedures to support compliance with
stipulated by OJK regulations, in the event of a regulatory requirements, ensuring that all
conflict of interest in any transaction conducted processes at BTPN Syariah operate in a simple
by the Bank. and secure manner.
Throughout 2024, all members of the Board of Supported by the Compliance Unit, Management
Directors, Board of Commissioners, and Sharia ensures the availability of adequate systems and
Supervisory Board, as well as Executive Officers procedures for the Subsidiaries in conducting
and Employees of BTPN Syariah, have complied their business activities throughout 2024.
with the established provisions regarding conflict By means of stringent compliance, as a
of interest management in conducting their Public Company listed on the Indonesia Stock
duties. Exchange, the Board of Directors has ensured
that the Bank consistently meets its compliance
There were no transactions involving conflicts of obligations throughout 2024, not only under
interest at BTPN Syariah in 2024. banking regulations set by the Financial Services
Authority but also with the regulations of the
Further information on Transparency of Capital Market Supervisory Authority, the
Information is presented in the Corporate Indonesia Stock Exchange, and other relevant
Secretary’s section of this 2024 Annual Report. institutions.
standard of quality for implementing Further information on Compliance are is
GCG through the implementation of presented in the Corporate Governance
Implementation Report of this 2024 Annual
the compliance function
Report.
In order to support the implementation of a standard of quality for implementing
compliance culture, the Board of Directors of GCG through the implementation of
BTPN Syariah has established a Compliance the internal audit function
Unit responsible for conducting the compliance
function and ensuring that a culture of
compliance remains a priority within the Bank. In order to support the implementation of
transparency and independence, the Board of
In line with the Key Strategic Initiatives, the Directors of BTPN Syariah has established the
compliance function at BTPN Syariah is adapted Internal Audit Unit as an independent work
to the Bank’s conditions and needs. In addition to unit responsible for conducting the internal
the Sharia Compliance and Advisory function and audit function. This unit reports directly to the
the Compliance AML and CFT function, the Bank President Director and functionally to the Audit
has also developed a Compliance Development & Committee.
Support function aimed at enhancing tools and
various concepts to improve employees’ access to To ensure the Internal Audit Unit operates
both external and internal regulations. effectively, the Board of Directors has ensured
the availability of standardized internal audit
The compliance culture is prioritized in several function implementation and the adequacy of
key areas: Governance, Awareness, and qualified human resources.
Assessment. In its implementation, the Bank has
adopted a Risk-Based Approach (RBA) through Throughout 2024, the Internal Audit Unit of
the Sectoral Risk Assessment (SRA) method BTPN Syariah has successfully implemented
PT Bank BTPN Syariah Tbk
for the implementation of the Anti-Money its entire work plan and programs. The results
Laundering and Counter-Terrorism Financing of audits and oversight have been utilized as
and Proliferation Financing Prevention Programs a basis for evaluation and improvement in
(APU-PPPT and PPPSPM) program, in alignment various areas, including management policies,
with the regulations set forth by the Financial business processes, and operational activities
Services Authority (OJK) and the Financial under internal and external procedures, as well
Transaction Reports and Analysis Center. as the adequacy of infrastructure, supporting
procedures, and human capital management.
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The mechanism for implementing GCG through standard of quality for implementing
the Internal Audit function is assessed based on
GCG through the implementation of
independent reports, with periodic discussions
between the Board of Directors and the Audit risk management, including the internal
Committee regarding audit findings. A summary control system
of these discussions is regularly submitted
to the President Director and the Board of The implementation of GCG through Risk
Commissioners through the Audit Committee or Management and the Internal Control System
during meetings. at BTPN Syariah in 2024 was carried out
continuously to address challenges in the Bank’s
Throughout 2024, the Internal Audit function has business development while maintaining a
provided recommendations and improvement healthy portfolio. This aligns with the 2024
measures to all Divisions and Work Units risk management strategy, which focused
through both monitoring and direct consultation
on strengthening infrastructure, refining risk
methods. These efforts align with regulatory
management methodologies, and fostering a
requirements governing the implementation of
the Internal Audit function in commercial banks, risk-aware culture. The implementation has
the International Standards for the Professional been adjusted to the complexity and scale
Practice of Internal Auditing, and the 2024 of the Bank’s operations under Financial
Annual Audit Plan. Services Authority Regulations (POJK) on risk
management for sharia commercial banks.
Further details regarding Internal Audit and the
Head of the Internal Audit Unit are presented in Furthermore, enhancements were made
the GCG Implementation Report within this 2024 in market risk management, focusing on
Annual Report. strengthening infrastructure to ensure the
adequacy and availability of policies and
standard of quality for implementing procedures, risk management measurement
GCG through the implementation of tools, and technology systems. This includes
the completion of systems for operational
the external audit function risk management and the development of a
risk dashboard as a monitoring tool for risk
The General Meeting of Shareholders convened management implementation at BTPN Syariah
in 2024 approved the appointment of a Public throughout 2024.
Accountant and a Public Accounting Firm
Within the scope of the financial conglomerate,
registered with the Financial Services Authority
the Bank’s Organs, including the Board of
to audit the Bank’s financial statements for the
Directors, the Board of Commissioners, and
financial year ending December 31, 2024. the Sharia Supervisory Board, have been
responsible for ensuring the enhancement of
As part of implementing GCG through the implementation of the four pillars of risk
the external audit function, the Board of management. This supports the Bank’s strategic
Directors has ensured that the entire process— initiatives through the integrated application of
from preparation to the submission of the risk management and compliance in coordination
appointment of the Public Accountant and with its parent entity, PT Bank SMBC Indonesia
Tbk (SMBCI). This is achieved through banking
Public Accounting Firm—has taken into account
synergy, as well as ensuring the adequacy of
the recommendations of the Audit Committee,
necessary systems, procedures, and technological
complied with regulatory requirements, and innovations.
adhered to GCG principles. These principles
include transparency, accountability, In order to ensure the effectiveness of an
responsibility, independence, and fairness in appropriate and efficient internal control system,
presenting the Bank’s financial statements with the Board of Directors has ensured that the Risk
Tbk
integrity, transparency, and quality. Management Unit conducts regular evaluations
Tbk
of risk management implementation through
Syariah
Syariah
the Board of Directors Committee forum and
Further details regarding the External Audit,
oversight by the Board of Commissioners’ Risk
the appointed Public Accounting Firm, and the
Management Committee forum throughout
BTPN
name of the Public Accountant selected by the
BTPN
2024. It has been complemented by strong
Bank, as approved by the General Meeting of coordination in implementing integrated risk
Bank
Shareholders in 2024, are presented in the GCG management with SMBC Indonesia.
Bank
Implementation Report in this 2024 Annual
PTPT
Report.
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annual report 2024 | good corporate governance
Related to the supervision of Subsidiaries, Appetite, and Risk Tolerance within each work
the Board of Directors has ensured that unit at BTPN Syariah.
the Bank applies prudential principles in
capital investments and risk management Moreover, the CARE function ensures the
implementation on a consolidated basis for adequacy, appropriateness, and existence
banks that exercise control over subsidiaries. It of Policies and Procedures, as well as the
includes oversight of the maximum financing supervision of limits and authority within
limit for related parties. work units. Equally important, it ensures the
availability of contingency plans for emergency
In order to strengthen the Risk Management situations. In terms of oversight, throughout
framework, the Board of Directors has 2024, CARE has actively engaged in discussions
continued implementing a systematic and and information sharing with RMU and the
measurable first line of defense through the Internal Risk Forum regarding risk exposure,
CARE Program (Champion of Assurance control mechanisms, and action plans. CARE
for Risk Enterprise). CARE is responsible for has also coordinated efforts to address risk
identifying, understanding, and monitoring indications, audit findings, and Quality Assurance
Inherent Risk Indicators, RCSA (Risk and Control improvements.
Self-Assessment), LED (Loss Event Data), Risk
internal control system
BTPN Syariah implements three lines of defense to conduct internal control:
First Line Second Line Third Line
Internal Control Function (Quality Risk Management Division, together Internal Audit will independently
Assurance) supports the Risk-Taking with the Compliance Division, is ensure that all residual risks are
Unit in enforcing discipline in daily responsible for defining, refining, managed in accordance with the
operational risk control practices. and maintaining operational risk approved risk tolerance.
management methodologies, ensuring
adequate risk mitigation, policies, and
procedures, as well as coordinating
and facilitating overall operational
risk management activities.
Risk Monitoring Committee and Audit Committee
Board of Directors
PT Bank BTPN Syariah Tbk
First Line Defense Second Line Defense Third Line Defense
Line Management Control
Risk Management
(PUK)
Internal Audit Work Unit
(SKAI)
Quality Assurance
Compliance
(QA)
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Further details on Risk Management are There were no violations related to the
presented in the GCG Implementation Report in implementation of financing provisions and large
this 2024 Annual Report. exposure limits for commercial banks or the legal
lending limit for Sharia commercial banks at
standard of quality for implementing BTPN Syariah throughout 2024.
GCG through the implementation of
remuneration practices; standard of quality for implementing
GCG through the implementation of
BTPN Syariah is committed to implementing reporting integrity and information
GCG principles in remuneration practices.
technology systems
To support this commitment, the Bank has In order to improve the decision-making process
established a Remuneration Policy aimed at of the Board of Directors, the supervisory process
ensuring that remuneration is provided in of the Board of Commissioners, and the Sharia
compliance with applicable regulations, based Supervisory Board, BTPN Syariah has established
on individual performance, fairness compared to policies governing the procedures, types, and
peer groups, and the Bank’s financial capability. scope of financial reporting, from preparation to
presentation. These policies ensure transparency
Further details on Remuneration Governance in financial and non-financial conditions for
and Human Capital are presented in the GCG stakeholders and guarantee the reliability of
Implementation Report in this 2024 Annual financial report preparation and unaudited
Report. financial performance information.
standard of quality for implementing The information presented is supported by a
GCG through the implementation of reliable management information system within
fund provision to related parties and the Bank. Additionally, the Board of Directors
has ensured the availability of dependable
large exposures
information dissemination channels for
To ensure the implementation of Good Corporate stakeholders, including disclosures on the Bank’s
Governance (GCG) principles in the provision of website, regulatory reporting systems, and public
funds to related parties and large exposures, the exposure forums. It also includes the publication
Board of Directors has ensured that throughout of the sustainability report and communications
2024, the Bank upheld prudential principles with shareholders during the General Meeting of
by maintaining portfolio distribution and Shareholders (GMS) regarding the sustainable
diversification. This was carried out under OJK finance action plan and 2025 financial plan.
regulations governing the maximum financing
limit and large exposure provision for commercial Throughout 2024, in operating as a Sharia
banks, as well as the maximum large fund Commercial Bank, the Board of Directors has
distribution limit for Sharia commercial banks. fulfilled internal reporting obligations and
ensured transparency regarding products while
As part of its commitment to transparency and adhering to prudential principles in handling
disclosure, the Board of Directors has submitted customer data. It aligns with Bank Indonesia
the Related Party Report on a semi-annual regulations on Bank Product Information
basis throughout 2024. This report includes Transparency and the Use of Customer
information on related parties of the Bank, Personal Data, supported by an information
the Parent Entity, the Controlling Shareholder technology system that ensures consumer and
(including the Parent Entity), and subsidiaries, public protection in compliance with regulatory
Tbk
as well as family members classified as related requirements.
Tbk
Syariah
parties, ensuring compliance with regulatory
Syariah
requirements.
PTPT Bank
Bank BTPN
BTPN
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annual report 2024 | good corporate governance
business and operational activities professionally,
Further details on Reporting Integrity and continuously enhancing internal control systems
Information Technology Systems are presented and risk management practices, and complying
in the sections on Corporate Secretary Duties, with applicable regulations while aligning with
Information Technology, and Corporate Social Sharia principles in the Bank’s strategic plan.
Responsibility (CSR) to Consumers/Customers in Regarding the supervisory role in overseeing GCG
this 2024 Annual Report. implementation and the realization of strategic
plans at BTPN Syariah during 2024, the Board
standard of quality for implementing of Commissioners has submitted the Business
GCG through the implementation of Plan Realization Report to OJK on a semi-annual
basis.
the Bank’s strategic plan
Throughout the various business challenges More over, in 2024, the Board of Directors has
in 2024, the strengthening of good corporate submitted adjustments to the strategic plan,
governance at BTPN Syariah was reflected including strategic measures related to financial
in the reinforcement of the Bank’s structure issue resolution and/or capital strengthening, as
and resilience within the Sharia banking required in the Business Plan in accordance with
industry, the enhancement of the Bank’s unique OJK regulations. The Bank has also consulted
characteristics, and the increased contribution with its Parent Entity, the controlling shareholder
of BTPN Syariah to the national economy. This of BTPN Syariah, regarding these strategic
was supported by OJK, which has strengthened adjustments.
regulations, licensing, and supervision of Sharia
banking, all of which have been incorporated into In line with POJK 17 of 2023
the Bank’s overall Strategic Plan. on the Implementation of Governance for
Commercial Banks, the Board of Directors has
developed and submitted a plan to address
To achieve sustainable growth, the Board of
potential financial issues within the Bank through
Directors has developed and submitted the
the Recovery Plan in 2024. This Recovery Plan
strategic plan through the Business Plan, was first reviewed and approved by the Board
Corporate Plan, and Sustainable Finance of Commissioners, as required by applicable
Action Plan, which have been reviewed by the regulations.
Board of Commissioners in accordance with the
procedures applicable to commercial and Sharia Further details regarding the implementation of
banks in 2024. governance in the strategic plan are presented
in the Management Analysis and Discussion,
Board of Directors’ Report, and Board of
With a strong commitment to corporate
Commissioners’ Report in this 2024 Annual
development and long-term sustainability, BTPN
Report.
Syariah aligns its strategy with the Sustainable
Development Goals (SDGs) by adopting the
Creating Shared Value (CSV) concept. This
standard of quality for implementing
approach emphasizes the integration of social GCG through the implementation in
and economic values as key elements of the shareholder aspects
business strategy while positioning the Bank as
an agent of change that actively contributes The Shareholders of BTPN Syariah,
to social and economic development within its both controlling and public, support the
environment. These principles form an integral implementation of sound and competitive
part of BTPN Syariah’s business strategy, aiming banking operations in accordance with prudential
to create long-term value, build stakeholder principles, risk management, and applicable
trust, and reduce socio-economic disparities. laws and regulations. This commitment is
demonstrated, among other ways, through their
PT Bank BTPN Syariah Tbk
From an internal perspective, throughout 2024, approval to allocate a significant portion of the
the Board of Directors has ensured the sustained Bank’s profits to support its business activities.
commitment to GCG principles, managing
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The important role of shareholders in ensuring Through the JAGA anti-fraud strategy, an
the sustainability of BTPN Syariah’s business internal platform that allows employees or
is balanced with the Bank’s opportunity to other parties to report suspected fraud, the
distribute dividends, the policy of which is Anti-Fraud Management unit is responsible for
governed by the Dividend Policy formulated by handling anti-fraud strategies within the Bank
the Board of Directors and communicated to and upholding a zero-tolerance policy for fraud
shareholders annually. The key aspects of this across all business activities. In conducting its
policy are also published on the Bank’s website. duties, AFM provides various JAGA channels that
are easily accessible.
The Board of Directors has ensured the existence
of policies that guarantee fair treatment for The Board of Directors has approved policies
all shareholders, protect shareholder rights, regulating anti-bribery measures in the
and facilitate shareholder and stakeholder procurement of goods and/or services, ensuring
participation while managing effective adherence to the Bank’s GCG principles. These
communication. Additionally, the Board of principles emphasize efficiency, effectiveness,
Directors and the Board of Commissioners have transparency, openness, competition, fairness,
ensured that all corporate actions and other and accountability while avoiding conflicts
material transactions carried out in 2024 were of interest. They also ensure the segregation
conducted transparently, fairly, and in compliance of functions and authorities in procurement
with applicable regulations while safeguarding processes, adherence to the best price concept,
shareholder rights and the Bank’s interests. and cost control oversight at BTPN Syariah,
including the allocation and utilization of
Further details regarding the fulfillment of rights corporate social and environmental responsibility
and obligations to shareholders are presented funds.
in the Corporate Actions section and Corporate
Governance section of this 2024 Annual Report. Throughout 2024, there were no violations or
bribery incidents within the Bank. Additionally,
standard of quality for implementing there were no infractions committed by the
GCG through the implementation of Board of Directors, Board of Commissioners,
anti-fraud strategies, including anti- Sharia Supervisory Board, committee members,
executive officers, or employees related to
bribery
the Bank’s business activities nor any criminal
The Board of Directors is committed to acts. There were also no actions that indicated
continuing the implementation of risk criminal offenses or posed a potential risk of
management and internal control systems financial loss or reduced profitability for the
to minimize fraud occurrences and reduce Bank.
internal violations. Additionally, regular “fraud
awareness” dissemination programs are Further details regarding Anti-Fraud
conducted for all employees. Management are presented in the GCG
Implementation Report in this 2024 Annual
The anti-fraud prevention mechanisms at BTPN Report.
Syariah are supported by the availability of
policies and procedures to ensure the effective standard of quality for implementing
and appropriate implementation of strategies GCG through the implementation of
before any fraud incidents or bribery occur sustainable finance, including social and
within the Bank. The enforcement of anti-fraud environmental responsibility
strategies and the imposition of sanctions are
Tbk
carried out in accordance with the Financial Throughout 2024, the Board of Directors ensured
Tbk
Syariah
Services Authority Regulation (POJK) on the the implementation of sustainable finance in
Syariah
implementation of anti-fraud strategies in BTPN Syariah’s business activities. The Board
commercial banks. of Directors has also prepared a Sustainable
BTPN
Finance Action Plan, which has been reviewed
BTPN
and approved by the Board of Commissioners
Bank
and submitted to the Financial Services
Bank
PTPT
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annual report 2024 | good corporate governance
Authority (OJK). Report, which serves the needs of both entities
In its implementation, BTPN Syariah and informs decision-making related to the Bank.
has allocated and recorded social and The synergy agreement has been formalized
environmental responsibility funds to support through a cooperation agreement.
the implementation of sustainable finance in
compliance with OJK regulations regarding Further details regarding the implementation
the implementation of sustainable finance of Banking Synergy are presented in the GCG
for financial institutions, issuers, and public Implementation Report in this 2024 Annual
companies. Report.
Further details regarding sustainable finance standard of quality for implementing
actions, along with strategic initiatives
GCG through the implementation of
and compliance, are presented in the GCG
Implementation Report in this 2024 Annual transparency aspects in the condition
Report and the Bank’s 2024 Sustainability of the Sharia Commercial Bank
Report.
In implementing transparency regarding financial
and non-financial conditions, the Board of
standard of quality for implementing
Directors has prepared and presented reports
GCG through the implementation of
in accordance with regulatory provisions on
governance in the Bank Business Group Transparency and Publication of Reports for
Sharia Commercial Banks and Public Companies.
Through the fulfillment of governance within
the Business Group, the Board of Directors, BTPN Syariah has established a website to
the Board of Commissioners, and the Sharia ensure Information Disclosure, ensuring that all
Supervisory Board have conducted regular information for stakeholders, both financial and
coordination and evaluations with PT Bank non-financial, is presented comprehensively and
SMBC Indonesia Tbk within the scope of updated regularly.
SMBC’s financial conglomerate in Indonesia.
This coordination ensures the implementation BTPN Syariah also has mechanisms for delivering
of good corporate governance while adhering to financial and non-financial information to
regulations on governance for commercial banks, stakeholders, including through the General
Sharia governance for Sharia commercial banks Meeting of Shareholders and Public Expose.
and Sharia business units, and the execution
of banking synergy as stipulated in the OJK Further details regarding Information Disclosure
Regulation on Sharia Commercial Banks. are presented in the Corporate Secretary’s
report and financial conditions in the audited
Throughout 2024, the Board of Directors has Financial Statements section of this 2024 Annual
continued to implement Banking Synergy Report.
within the framework of compliance, ensuring
transparency, integrated governance, standard of quality for implementing
personal data protection, conflict of interest GCG through the implementation of
management, and prudential principles in Sharia principles in fundraising, fund
applying good corporate governance principles.
distribution, and service provision
From an oversight perspective, the role of the BTPN Syariah’s role as a Sharia commercial
Integrated Governance Committee at the Board bank in implementing GCG through the
of Commissioners level in 2024 has ensured the implementation of Sharia principles in
effective implementation of governance within fundraising, fund distribution, and service
the financial conglomerate since the second half provision aligns with the regulations of Bank
PT Bank BTPN Syariah Tbk
of 2024. Indonesia and governance provisions set by the
OJK.
Supported by the governance business unit
and other supporting organs, the Board of
Directors has ensured strategic coordination
between BTPN Syariah and SMBC Indonesia to
facilitate the timely preparation and provision of
supporting documents for the Banking Synergy
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Throughout 2024, under the supervision of The Board of Directors, Board of Commissioners,
the Sharia Supervisory Board, the Board of and the Sharia Supervisory Board have also
Directors has ensured that the Bank upholds submitted the GCG implementation report
Sharia principles in all business and operational for the 2023 financial year during the General
activities related to fundraising and fund Meeting of Shareholders convened in 2024, as
distribution while delivering quality service. well as to the Regulator.
There were no violations of Sharia principles In line with the implementation of Sharia
during 2024. governance for Sharia Commercial Banks,
as regulated in POJK Number 2 of 2024,
Further details regarding information disclosure Management, supported by the compliance unit,
are presented in the Sharia Supervisory Board’s has prepared a report on the implementation
report in compliance section in this 2024 Annual and assessment of Sharia governance. This
Report. report has been submitted to the Board of
Directors, Board of Commissioners, Sharia
standard of quality for implementing Supervisory Board, and the Regulator. It
GCG through the implementation includes the framework for implementing Sharia
of Sharia Governance for Sharia compliance functions, Sharia risk management,
and Sharia internal audit.
Commercial Banks, including the
application of Sharia compliance
While the scope of the GCG implementation
functions, Sharia risk management, report is as stipulated in the Letter Bank
Sharia internal audit, as well as through Indonesia Circular on the Implementation of
the Sharia Governance implementation GCG for Sharia Commercial Banks and Terms
report and the Sharia Governance OJK in relation to the implementation of
implementation assessment governance for Commercial Banks and Sharia
Commercial Banks and public companies and
Throughout 2024, the Board of Directors have listed on the Site Web Bank.
ensured the completion of a Self-Assessment
on the implementation of Good Corporate Further details regarding the Implementation
Governance (GCG) at BTPN Syariah for both the of Sharia Governance and the Assessment
first and second semesters of 2024. The results of Sharia Governance Implementation are
of the GCG Self-Assessment indicate that the presented in this 2024 Annual Report.
Bank’s GCG remained stable at rating 2 (Good)
across the overall evaluation of Governance GCG implementation commitment
Structure, Governance Process, and Governance realization
Outcome.
The realization of BTPN Syariah’s commitment to
Bank’s both consolidated GCG Self Assessment GCG implementation throughout 2024 has been
with Parent’s Entity and Subsidiary Company carried out in a measurable manner, without
conveyed at level 2 (good) This fulfillment reflects reducing the Bank’s efforts to continuously
innovate through the adoption of information
the commitment of the Board of Directors and
technology to facilitate the seamless application
the Board of Commissioners in overseeing the
of GCG in its daily implementation across all
implementation of governance in the Subsidiary levels of the organization.
since 2022.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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GOVERNANCE
All supervisory actions taken by the Board of Commissioners, Sharia Supervisory Board, Board of Directors, and Other
Supporting Organs through measured and structured mechanisms, updating of the overall internal control procedures and
provisions as well as ensuring that they are in sync with all operational processes, fulfillment of the Bank’s commitment
and improvement for the Regulator and all stakeholders, and ensuring that every aspect of the compliance have been
properly implemented.
AWARENESS
The initiatives across all levels of the organization in an effort to improve the culture of compliance with the regulations
and the employees’ daily tasks and work, the provision of attractive media and platforms to inform employees on
regulations, and the involvement of the Sharia Supervisory Board in the Bank to ensure that business and operational
processes have been in line with the Sharia principles and are accountable.
ASSESSMENT
All supervisory, inspection, and formulation of efforts to improve and develop, which aim to improve the Bank’s compliance
with regulations, including by inspection at the Head Office, Branch Office, and on the Site, through identification of
customers to guard and protect the Bank from any practice of money laundering, terrorism-related funding, and others.
The realization of GCG implementation c. In compliance with POJK No. 8/
commitment at BTPN Syariah in 2024, as a POJK.04/2015 on the Website of Issuers
Public Company and as a Sharia Commercial or Public Companies, BTPN Syariah has
Bank, includes: ensured transparency and disclosure of
information in accordance with applicable
1. The fulfillment of BTPN Syariah’s regulations.
commitment to GCG implementation as a
public company and as a Sharia commercial d. In compliance with POJK No. 29/
bank includes: POJK.04/2016 on the Annual Report of
a. The realization of BTPN Syariah’s Issuers or Public Companies, BTPN Syariah
commitment to GCG implementation has submitted its Annual Report for the
throughout 2024 has been carried out in a financial year ending December 31, 2023,
measurable manner without reducing the which was approved by shareholders at
Bank’s efforts to continuously innovate the General Meeting of Shareholders on
through the adoption of information March 20, 2024.
technology. It ensures ease of GCG
implementation in daily operations across e. The requirement for the number of
all levels of the organization. members of the Sharia Supervisory Board
will be fulfilled within the time-frame
b. In compliance with POJK 8/POJK.03/2014 specified by the regulator.
on the Soundness Rating Assessment
of Sharia Commercial Banks and Sharia f. In compliance with POJK No. 38/
Business Units, in conjunction with
POJK.03/2019 on Amendments to POJK
POJK No. 65/POJK.03/2016 on the
No. 32/POJK.03/2018 Regarding the Legal
Implementation of Risk Management for
Sharia Commercial Banks and Sharia Lending Limit and Large Fund Provision
Business Units, and with reference to for Commercial Banks, BTPN Syariah
SEOJK No. 10/SEOJK.03/2014 on the upholds the prudential principle and
PT Bank BTPN Syariah Tbk
Assessment of Sharia Commercial Bank submits reports related to Related Parties
Soundness, BTPN Syariah has established periodically and on an ad-hoc basis in case
risk management and internal control of data updates.
standards under the three lines of defense
principle.
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g. In compliance with POJK No. 15/ l. In compliance with POJK No. 9 of 2023 on
POJK.04/2020 on the Planning and the Use of Public Accountants and Public
Organization of General Meetings of Accounting Firms in Financial Services
Shareholders for Public Companies, BTPN Activities, BTPN Syariah has adhered
Syariah has conducted its Annual General to the restrictions on using the same
Meeting of Shareholders in 2024. public accountant for annual historical
financial information audits. The Bank
h. In compliance with POJK No. 16/ has also ensured that the appointment
POJK.04/2020 on the Implementation of the Public Accountant and Public
of General Meetings of Shareholders Accounting Firm auditing the Bank’s
for Public Companies Electronically, financial statements for the year ending
BTPN Syariah has conducted its Annual December 31, 2024, is in accordance with
General Meeting of Shareholders in 2024 the applicable regulations.
electronically (e-GMS) and provided
alternatives for proxy authorization and m. In compliance with POJK No. 5 of 2024 on
electronic voting (e-Proxy and e-Voting). the Supervision Status and Handling of
Commercial Bank Issues, BTPN Syariah
i. In compliance with SEOJK No. 16/ has prepared and submitted its first
SEOJK.04/2021 on the Format and Recovery Plan to OJK in November 2024.
Content of Annual Reports for Issuers or The Recovery Plan will be presented to
Public Companies, BTPN Syariah’s 2024 shareholders for approval at the Annual
Annual Report and Sustainability Report General Meeting of Shareholders in 2025.
have fulfilled the regulatory requirements.
n. In compliance with the Indonesia Deposit
j. In compliance with POJK No. 17 of 2023 Insurance Corporation (IDIC) Regulation
on the Implementation of Governance No. 2 of 2024 on the Resolution Plan
for Commercial Banks and POJK No. for Commercial Banks, BTPN Syariah
2 of 2024 on the Implementation of has prepared and submitted its first
Governance for Sharia Commercial Banks Resolution Plan to the Indonesia Deposit
and Sharia Business Units, BTPN Syariah Insurance Corporation in 2024.
has undertaken the following:
1) Amendments to the Articles of o. In compliance with POJK No. 15 of
Association; 2024 on the Integrity of Bank Financial
2) Changes in the composition of the Reporting, BTPN Syariah has updated
Board of Commissioners Committees its Governance Policy and reviewed the
and Board of Directors Committees in roles and responsibilities of the Board of
2024; Commissioners, Board of Directors, and
3) Periodic updates to the GCG Policy and Audit Committee in 2024.
other supporting policies;
4) Periodic updates to the Guidelines 2. Ensuring BTPN Syariah’s commitment to
and Rules of Procedure for the Bank’s Information Disclosure compliance in 2024,
Governing Bodies and Supporting including:
Organs, including the Guidelines and a. In compliance with POJK Number 31/
Rules of Procedure for the Board of POJK.04/2015 on Disclosure of Material
Commissioners, Board of Directors, Information or Facts by Issuers or Public
Sharia Supervisory Board, as well Companies, in conjunction with POJK
as the Board of Commissioners Number 45 of 2024 on the Development
Committees, and Board of Directors and Strengthening of Issuers and Public
Tbk
Committees. Companies, BTPN Syariah has ensured
Tbk
Syariah
transparency in the presentation of the
Syariah
k. In compliance with POJK No. 29 of 2023 2024 Annual Report, Interim Financial
on the Buyback of Shares Issued by Public Statements, Annual Financial Statements,
BTPN
Companies, BTPN Syariah has submitted Consolidated Reports, and other incidental
BTPN
reports on the progress of the transfer of reports through the reporting system
Bank
treasury shares for the first and second to the Regulator and has made public
Bank
semesters of 2024 to the Regulator. disclosures on the Bank’s website within
PTPT
the time-frame stipulated by regulations.
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b. In compliance with POJK Number 7/ 3. Ensuring BTPN Syariah’s Commitment to the
POJK.04/2018 on the Submission of Implementation of GCG in Banking Synergy in
Reports through the Electronic Reporting 2024, including:
System for Issuers or Public Companies,
BTPN Syariah has submitted periodic In accordance with POJK Number 16/
reports to OJK through the Electronic POJK.03/2022 on Sharia Commercial Banks,
Reporting System (SPE). which regulates Banking Synergy, BTPN
c. In compliance with the Board of Directors Syariah has engaged in banking synergy
Decree of PT Bursa Efek Indonesia through cooperation with its Parent Entity, PT
Number KEP-00101/BEI/12-2021 regarding Bank SMBC Indonesia Tbk, and its Subsidiary,
Amendments to Regulation Number PT BTPN Syariah Ventura, as follows:
I-A on the Listing of Shares and Equity
Securities Other Than Shares Issued by a. With the Parent Entity
Listed Companies, related to the Free Formalized in 10 (ten) cooperation
Float requirement as a condition for agreements as of December 31, 2024.
remaining listed on the Main Board of the These agreements aim to support
Stock Exchange, the public shareholding the operations of BTPN Syariah and
composition of BTPN Syariah has fulfilled provide added value for both the Sharia
the regulatory requirements. As of commercial bank and the commercial
December 31, 2024, public share ownership bank.
stood at 29.997%.
d. In compliance with the Board of Directors Further details are presented in the
Decree of PT Bursa Efek Indonesia Number Banking Synergy section of this 2024
KEP-00066/BEI/09-2022 regarding Annual Report.
Amendments to Regulation Number I-E
on the Obligation to Submit Information, b. With the Subsidiary
BTPN Syariah has submitted the Monthly Formalized in a cooperation agreement
Report on the Registration of Security covering 11 areas. The presence of
Holders or Changes in Shareholder BTPN Syariah’s subsidiary, BTPN
Structure through the reporting system to Syariah Ventura, aims to adapt to the
the regulator on a periodic basis, and this evolving needs of customers, ensure the
information has been made available on improvement of financial well-being
the Bank’s website throughout 2024. for inclusive banking customers, and
e. In compliance with the Board of Directors’ expand sustainable customer outreach
Decree of PT Bursa Efek Indonesia Number by leveraging technology for good, in
KEP-00066/BEI/09-2022 concerning alignment with the aspiration to build
Amendments to Regulation Number I-E a Sharia Digital Ecosystem for the
on Disclosure Obligations, Section III 1.3.1, Unbanked.
BTPN Syariah has conducted the 2024
Public Expose and has submitted the Further details regarding the subsidiary
Public Expose Implementation Report to can be found in the Subsidiary section of
the Financial Services Authority and PT this 2024 Annual Report.
Bursa Efek Indonesia.
4. Realization of Commitment to GCG
Implementation in term of Establishing SMBC
Financial Conglomerate in Indonesia in 2024,
including:
In compliance with POJK Number 18/
PT Bank BTPN Syariah Tbk
POJK.03/2014 in conjunction with SEOJK
Number 15/SEOJK.03/2015 on the
Implementation of Integrated Governance
for Financial Conglomerates, as well as POJK
Number 17/POJK.03/2015 in conjunction
with SEOJK Number 14/SEOJK.03/2015
on the Implementation of Integrated Risk
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Management for Financial Conglomerates, 1) Compliance with POJK Number 38/
BTPN Syariah, as a Member Entity of the POJK.03/2019, which amends POJK
SMBC Financial Conglomerate in Indonesia, Number 32/POJK.03/2018, regarding
has: the Legal Lending Limit and Large
a. Actively participated and ensured that Fund Exposure for Commercial Banks;
the Bank’s Organs signed the Corporate 2) Compliance with POJK Number 22 of
Charter and other supporting financial 2022 regarding Equity Participation
conglomerate documents; Activities by Commercial Banks;
b. Updated the roles and responsibilities of 3) Compliance with POJK Number 35/
the Bank’s Organs related to the financial POJK.05/2015 regarding the Business
conglomerate in 2024; Operations of Venture Capital
c. Appointed an Independent Commissioner Companies, in relation to the business
and a Sharia Supervisory Board member activities of the Subsidiary.
as members of the Integrated Governance
Committee; c. In compliance with POJK Number 65/
d. Prepared and submitted the self- POJK.03/2016 on the Implementation of
assessment report on Integrated Risk Management for Sharia Commercial
Governance to the Lead Entity in 2024. Banks and Sharia Business Units,
BTPN Syariah has implemented Risk
5. Ensuring BTPN Syariah’s Commitment Management on a consolidated basis with
to GCG Implementation in terms of its Subsidiary, including submitting the
Sustainability Actions in 2024 consolidated Risk Profile Report to OJK in
2024.
In compliance with POJK Number 51/
POJK.03/2017 regarding the Implementation
banking synergy
of Sustainable Finance for Financial Services
Institutions, Issuers, and Public Companies,
BTPN Syariah has:
Objective of implementing banking
a. Developed a Sustainable Finance Action synergy under a single ownership for
Plan for the 2025–2029 period (with 2025 the development of BTPN Syariah
indicators);
b. Published the 2023 Sustainability Report, The implementation of banking synergy at
which was released in 2024; BTPN Syariah is guided by the Financial Services
c. Conducted transparent communication Authority Regulation of the Republic of Indonesia
with stakeholders, including Shareholders (POJK) Number 16/POJK.03/2022 concerning
and Investors, regarding the Sustainable Sharia Commercial Banks, in conjunction with
Finance Action Plan, as mandated by POJK Number 17 of 2023 on the Implementation
POJK Number 51/POJK.03/2017, during of Governance for Commercial Banks, and
the 2024 Annual General Meeting of POJK Number 2 of 2024 on the Implementation
Shareholders (AGMS). of Governance for Sharia Commercial Banks
and Business Units. It is conducted with due
6. Ensuring BTPN Syariah’s Commitment to Its consideration of BTPN Syariah’s position as
Subsidiary a member entity within the SMBC Financial
a. In compliance with POJK Number 8/ Conglomerate in Indonesia.
POJK.03/2014 and SEOJK Number 10/
SEOJK.03/2014 regarding the Assessment The implementation of banking synergy at BTPN
of the Soundness Level of Sharia Syariah is conducted through collaboration
Commercial Banks and Sharia Business with its parent entity, SMBCI, with the objective
Tbk
Units, BTPN Syariah has conducted a of accelerating efficiency improvements
Tbk
Syariah
consolidated GCG Self-Assessment with by leveraging and optimizing expertise and
Syariah
its Subsidiary, as part of completing the resources from both BTPN Syariah as a Sharia
GCG Self-Assessment with its Parent commercial bank and SMBCI as a conventional
BTPN
Entity. commercial bank. This synergy creates added
BTPN
b. In relation to the Initial Capital Investment value for both banks in supporting business
Bank
and Additional Capital in the Subsidiary, activities, services, and operations.
Bank
BTPN Syariah has complied with the
PTPT
following regulations:
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annual report 2024 | good corporate governance
In its implementation, BTPN Syariah, as a 2. The Banking Synergy Monitoring Meetings
member entity, is required to conduct regular have been conducted for the first semester of
coordination and evaluations to ensure the 2024 in July 2024, while the meeting for the
effective implementation of good governance at second semester of 2024 was conducted in
BTPN Syariah. January 2025.
implementation of banking 3. The Governance Coordination Meeting
was conducted throughout 2024, covering
synergy discussions on the alignment of functions,
including General Services, Compliance,
implementation of banking synergy AML & CFT, Corporate Secretary, Legal
with SMBCI and Litigation, Anti-Fraud Management,
Corporate & Marketing Communication,
To support activities that create added value, DAYA, Internal Audit, Risk Management,
BTPN Syariah collaborates with SMBCI through and Finance. The meeting also reviewed
strategic partnerships aimed at enhancing progress on the gap analysis of regulations
efficiency and the development of BTPN and procedures between the two entities,
Syariah. This collaboration is formalized in ten discussed risk mitigation measures and
Cooperation Agreements (PKS) approved by their implementation within each entity, and
authorized officials from each institution. The formulated solutions and mutual agreements
agreements cover various areas, including human for further study and necessary follow-ups.
capital, specifically payroll transfer services,
and information technology infrastructure. In line with the formal establishment of the
Additionally, they encompass Sharia bank SMBC Financial Conglomerate in Indonesia,
services and cash management services, such as stated in the Financial Services Authority
as cash withdrawal and deposit services. (OJK) Letter Number S-46/PB.11/2024 dated
The partnership also includes financing for July 29, 2024, regarding the Appointment
the multifinance segment and productive of the Main Entity and the Formation of
financing targeting institutions that support the SMBC Financial Conglomerate—where
the development of the ultra-micro segment. SMBCI was designated as the Main Entity
Furthermore, it involves the implementation and BTPN Syariah as a Member—the
of specific work assignments, as well as the governance coordination between both
exchange of data and information related to entities is carried out within the financial
vendors, service providers, goods suppliers, and conglomerate framework. This coordination
shared locations. It also includes data exchange adopts the principles of alignment and
on the implementation of anti-fraud policies, synergy to strengthen the implementation of
anti-money laundering and counter-terrorism Good Corporate Governance (GCG) within
financing (AML-CFT), and the prevention of the the SMBC Financial Group.
use of the financial system for criminal activities
(PPPSPM). Lastly, a Main Agreement agreement 4. Submission of Banking Synergy monitoring
has been established to govern the overall result report implementation.
banking synergy between BTPN Syariah and
SMBCI. Report Regarding the Update of Cooperation
Agreements in the field of Banking Synergy
Fulfillment at the operational level of
BTPN Syariah and SMBCI In compliance with Article 135 of Financial
Services Authority Regulation (POJK) Number
1. BTPN Syariah has established a dedicated 16 of 2022 concerning Sharia Commercial
unit for Banking Synergy Monitoring, Banks, in 2024, BTPN Syariah has submitted
PT Bank BTPN Syariah Tbk
which operates under the coordination a report on the extension of the Cooperation
of the Corporate Secretariat Unit as the Agreement, which was accompanied by the
Coordinator. This unit was formed through Sharia Supervisory Board’s (DPS) opinion for
the Board of Directors Decree Number 012/ the PKS on Shared Locations.
CIR/DIR/XII/2022 dated December 27, 2022.
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Report regarding the Realization of Banking the agenda covering an explanation of the
Synergies according to the Bank’s Business Financial Conglomerate and the appointment
Plan of members of the Integrated Governance
Committee.
BTPN Syariah has submitted a report to the 2. The Integrated Governance Committee
Financial Services Authority regarding the Meeting on November 21, 2024, discussed the
realization of Banking Synergy in 2024. Committee’s Work Plan for 2025.
In fulfillment of its obligations, SMBCI, as the To support oversight and ensure the equitable
Parent Entity, has also carried out reporting dissemination of information, all members of the
on the monitoring of Banking Synergy for Board of Commissioners at BTPN Syariah have
2024. received information regarding the outcomes
of the Integrated Governance Committee
5. The implementation of integrated meetings and the monitoring of Banking Synergy
compliance, risk management and audit implementation in 2024.
function coordination
implementation of banking synergy
fulfillment at the supervisory level of with PT BTPN Syariah Ventura
BTPN Syariah and SMBCI
PT BTPN Syariah Ventura, a subsidiary of
In line with the commitment to monitoring BTPN Syariah, was established to accelerate
Banking Synergy by BTPN Syariah and SMBCI, the fulfillment of customers’ evolving needs,
supervision at the Board of Commissioners ensure the improvement of the well-being of
level is carried out through the Integrated pre-prosperous and prosperous customers, and
Governance Committee. This committee
expand the opportunity to serve more customers
consists of Independent Commissioners and
sustainably by leveraging technology for good.
Independent Parties from SMBCI as the
Lead Entity, representatives of Independent
Commissioners and representatives of the Sharia In order to support the development of BTPN
Supervisory Board from BTPN Syariah, as well as Syariah Ventura in corporate management, a
Independent Commissioners from other member synergy agreement has been signed between
entities: PT OTO Multiartha and PT Summit OTO BTPN Syariah and BTPN Syariah Ventura,
Finance. covering eleven areas: Human Capital,
Information Technology, Compliance, Legal
The duties and responsibilities of the Integrated
and Litigation, Corporate Secretary, Internal
Governance Committee include evaluating the
Audit, Finance and Treasury, Risk Management,
implementation of Integrated Governance,
providing recommendations to the Board of Corporate Communication, DAYA, and
Commissioners of the Lead Entity for the Operations.
refinement of integrated governance guidelines
in response to regulatory developments from the The banking synergy with the subsidiary is
Financial Services Authority, and monitoring the continuously refined to ensure the Bank’s
implementation of banking synergy. compliance with the principles of good corporate
governance and to align with the needs and
In order to support the effectiveness of
implementation of the synergy.
the duties and responsibilities of the Board
of Commissioners of the Lead Entity, the
Committee is responsible for preparing an annual consolidated report with BTPN Syariah
activity plan, being approved by the Board of Ventura
Commissioners. Additionally, the Committee
is expected to receive periodic reports on Complementing the Banking Synergy
Tbk
the implementation of audit, risk, financial, Implementation Report through the Realization
Tbk
Syariah
compliance, and governance functions within Report of BTPN Syariah’s Business Plan for
Syariah
the entities that are part of the SMBC Financial the first and second semesters of 2024, BTPN
Conglomerate.
Syariah and BTPN Syariah Ventura have
BTPN
prepared the Consolidated Financial Statements,
BTPN
The Integrated Governance Committee Meetings the Bank’s soundness level assessment, and the
Bank
in 2024 were conducted as follows: Self-Assessment Report on the fulfillment of
Bank
1. The first Integrated Governance Committee good corporate governance in 2024.
PTPT
Meeting was held on August 14, 2024, with
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Corporate Governance Policy (“GCG Policy”)
The Corporate Governance Policy (GCG Policy) serves as the Main Policy at BTPN Syariah, governing
the Bank’s management, fundamental principles, and key guidelines for the Bank’s regulations.
Throughout 2024, the Board of Commissioners, the Sharia Supervisory Board, the Board of Directors,
Executive Officers, and all employees at BTPN Syariah have implemented GCG principles with no
material violations of applicable regulations.
key principles of the GCG policy at BTPN Syariah in 2024:
Introduction
1. Background of GCG implementation
2. Objectives of GCG Policy Formulation
3. Scope of GCG Policy
4. Dissemination and Distribution
Principles of Good Corporate Governance in the Bank
1. General Principles
2. Corporate Governance Guidelines
3. Implementation of GCG Guidelines as a Public Company
4. Legal Basis and References
5. Vision, Mission, Values (PRISMA), and Collective Identity
6. Internal Policies and Regulations in the Bank
7. Code of Ethics
8. Corporate Governance Structure
9. Explanation of the Bank’s Organs, including Shareholders, Board of Commissioners, Sharia Supervisory Board,
Board of Commissioners Committees, and Board of Directors Committees.
Bank Strategy
Outlining the Bank’s Business Plan, Ten (10) years Corporation Plan, Key Strategic Initiatives, the Risk Appetite
applied within the Bank, and Resolution & Recovery Plan
Internal Control System and Assurance in the Bank
1. Internal Control System
2. Risk Management
3. Compliance Function
4. Internal Audit
5. External Audit
6. Consumer Protection
7. Legal Lending Limit (BMPD)
8. Implementation of Sharia Principles in Fundraising, Fund Distribution, and Service Activities
9. Internal Reporting
10. Provisions related to Affiliated Transactions and Conflict of Interest Transactions, as well as Conflict of Interest
Management in the Bank
11. Conflict of Interest Management
12. Reporting and Assessment of GCG Implementation
13. GCG Self-Assessment
14. Environmental Responsibility and Occupational Health and Safety Practices
15. Occupational Health and Safety
Human Capital Management in the Bank
Information Transparency and Disclosure
PT Bank BTPN Syariah Tbk
governance of information and communication proprietary rights
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other policies and regulations plans to Improve GCG Implementation
in 2025
company policies and regulations
In order to drive sustainable growth and
As a Limited Liability Company, BTPN Syariah contribute to the implementation of good
has established Policies and Company corporate governance (GCG) at BTPN Syariah,
Regulations. the Bank is committed to improving the quality
1. Policies are provisions that govern every of sound bank management based on prudential
activity and process within the Bank, principles that enhance its competitiveness.
reflecting the Bank’s overall risk appetite in All Bank Organs and Supporting Organs are
relation to those activities, processes, and dedicated to ensuring that corporate governance
their supervision. policies and implementation remain aligned with
2. Company Regulations are provisions aimed at applicable regulations and the latest industry
ensuring legal certainty, as well as clarifying developments.
the rights and obligations of employees and
the employer in the execution of employment The planned improvements in GCG
relations within the Bank. implementation at BTPN Syariah for 2025 are as
follows:
program procedures and products
Plan for Implementing Good Corporate
1. Program Products refer to documents or Governance as a Sharia Commercial
materials that provide a detailed explanation Bank and Public Company
of the management of the Bank’s products
and programs being offered. In compliance with POJK No. 21/POJK.04/2015
2. Procedures are provisions that regulate the on the Implementation of Good Corporate
detailed process from start to finish (end-to- Governance for Public Companies, POJK No. 16/
end) in a structured and systematic manner. POJK.03/2022 on Sharia Commercial Banks,
POJK No. 17/2023 on the Implementation of
technical guidelines Governance for Commercial Banks, and POJK
No. 2/2024 on the Implementation of Sharia
Technical Guidelines are prepared as part of the Governance for Sharia Commercial Banks
steps for conducting a process that has been and Sharia Business Units, BTPN Syariah is
regulated in the standard operating procedures committed to continuously implementing GCG
at BTPN Syariah (if required). principles as a public company while ensuring
adherence to GCG guidelines as a Sharia
Hierarchy of Provision Commercial Bank.
The Hierarchy of Provision aims to structure internal and external good corporate
internal regulations within the Bank effectively governance implementation plan
and ensure consistency in implementation.
The hierarchy is established by referring to the Internally, BTPN Syariah continues to operate
regulations on GCG for Sharia Commercial as a bank that manages its business and
Banks. operational activities professionally, adhering to
GCG principles and Sharia Principles under the
BTPN Syariah conducts periodic reviews of applicable regulations on corporate governance
policies according to a set schedule or sooner implementation.
should there are changes in processes or
regulatory requirements that necessitate Externally, BTPN Syariah is committed to
Tbk
adjustments. fair, ethical, and integrity-driven business
Tbk
Syariah
competition, while carefully considering potential
Syariah
risks. The bank remains dedicated to upholding
its vision and mission, ensuring a strong
BTPN
reputation through the consistent application of
BTPN
good corporate governance in compliance with
Bank
regulations.
Bank
PTPT
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plan for the Implementation of Sharia Governance for Sharia Commercial Banks
As an implementation of the Roadmap for the Development and Strengthening of Sharia Banking in
Indonesia, particularly in strengthening the characteristics of Sharia banking, and in alignment with the
fulfillment of POJK 2/2024 on the Implementation of Sharia Governance for Sharia Commercial Banks
and Sharia Business Units, BTPN Syariah is committed to fulfilling the requirements for supporting
bank organs, adjusting the Articles of Association, and complying the Main Party requirements in 2025.
Plan for the Implementation of Integrated Governance within the Financial
Conglomerate Scope
BTPN Syariah is committed to implementing integrated governance within the financial conglomerate
framework, in line with the establishment of the SMBC Group Financial Conglomerate in Indonesia.
Guided by POJK Number 30 of 2024 on Financial Conglomerates and Financial Conglomerate Holding
Companies, BTPN Syariah, as a Member Entity, will support the Lead Entity, PT Bank SMBC Indonesia
Tbk, in fulfilling its role as the Financial Conglomerate Holding Company. This support aims to enhance
the efficiency and effectiveness of regulation and supervision across all Member Entities under the
oversight of the SMBC Group Financial Conglomerate Holding Company in Indonesia.
plan for Governance Implementation in Banking Synergy
BTPN Syariah is committed to strengthening banking synergy, guided by POJK Number 16/
POJK.03/2022, dated August 30, 2022, on Sharia Commercial Banks, in conjunction with POJK Number
17 of 2023 on Governance Implementation for Commercial Banks. This commitment considers BTPN
Syariah’s role as a Member Entity within the SMBC Group Financial Conglomerate in Indonesia. BTPN
Syariah will continue its collaboration with the Parent Entity to accelerate efficiency improvements and
support the operations of BTPN Syariah, ensuring added value for both BTPN Syariah and SMBCI.
plan for Good Corporate Governance implementation in Sustainability Aspects
BTPN Syariah is committed to implementing sustainable finance, guided by POJK Number 51/
POJK.03/2017 and POJK Number 17 of 2023 on Governance Implementation for Commercial Banks.
This commitment aims to implement sustainable financial actions that contribute positively and
tangibly to the stability of Indonesia’s financial system.
BTPN Syariah continues to support the Government’s efforts in achieving sustainable development,
ensuring economic stability, and promoting inclusive growth by maintaining a balance between
economic, social, and environmental aspects.
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assessment of
GCG implementation
In line with Financial Services Authority 17 of 2023 on the Implementation of Governance
Regulation Number 17 of 2023 on the for Commercial Banks, and POJK Number 2 of
Implementation of Corporate Governance 2024 on the Implementation of Governance for
for Commercial Banks, it is stipulated that to Sharia Commercial Banks and Sharia Business
enhance competitiveness, support stable and Units.
sustainable growth, and contribute to social and
environmental responsibility, the implementation The results of the self assessment of GCG
of integrated governance, risk management, and implementation in 2024 are elaborated
compliance is required. on and form an integral part of this GCG
Implementation Report
With the increasing complexity of BTPN Syariah’s
business, supported by the development The self-assessment of GCG implementation
of products and technological innovations, at BTPN Syariah is conducted comprehensively,
the Board of Directors has continuously covering three key aspects:
strengthened the implementation of good
corporate governance throughout 2024. 1. Governance Structure
This assessment evaluates the adequacy
The Bank’s Organs, consisting of the Board of of the Bank’s structure and infrastructure
Directors, the Board of Commissioners, and to support the achievement of optimal
the Sharia Supervisory Board, are committed GCG implementation outcomes in line with
to initiatives aimed at enhancing the quality regulatory requirements, the Bank’s vision and
of GCG implementation in both management mission, and stakeholder expectations.
and supervisory functions, ensuring high-quality
GCG practices that serve the best interests of all 2. Governance Process
stakeholders. This assessment evaluates the effectiveness
of GCG implementation processes at the
As an indicator of GCG implementation at BTPN Bank, supported by an adequate Governance
Syariah, and under OJK regulations, the Board Structure, to achieve optimal GCG
of Directors has conducted a self-assessment of implementation outcomes in compliance with
good governance implementation at least twice regulatory requirements, the Bank’s vision and
a year. The results of this self-assessment are an mission, and stakeholder expectations.
integral part of the governance implementation
report for 2024. 3. Governance Outcome
This assessment evaluates the quality of GCG
In conducting the assessment, the Board of implementation outcomes at the Bank, both
Directors has collaborated with external parties quantitatively and qualitatively, ensuring
to obtain more objective and independent alignment with regulatory requirements, the
evaluation results. Bank’s vision and mission, and stakeholder
expectations.
self-assessment of GCG
implementation in 2024 assessment criteria
procedure The self-assessment conducted at BTPN
Tbk
Syariah has been carried out under the Financial
Tbk
Syariah
The self-assessment of GCG implementation at Services Authority Circular Letter Number 10/
Syariah
BTPN Syariah in 2024 has been conducted under SEOJK.03/2014 on the Financial Soundness of
the Financial Services Authority Circular Letter Sharia Commercial Banks and Sharia Business
BTPN
Number 10/SEOJK.03/2014 on the Soundness Units, which establishes the assessment criteria
BTPN
Level of Sharia Commercial Banks and Sharia for conducting self-assessments. These criteria
Bank
Business Units, in conjunction with POJK Number include 11 (eleven) key aspects:
Bank
PTPT
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1. Implementation of Duties and Responsibilities 8. Implementation of the External Audit
of the Board of Commissioners Function
2. Implementation of Duties and Responsibilities 9. Maximum Legal Lending Limit
of the Board of Directors 10. Transparency of Sharia Commercial Banks
3. Adequacy and Implementation of Duties and Conditions, GCG Implementation Report, and
Responsibilities of the Committees Internal Reporting
4. Implementation of Duties and Responsibilities
of the Sharia Supervisory Board parties conducting the assessment
5. Implementation of Sharia Principles in Fund
Collection, Fund Distribution, and General The self-assessment of GCG Implementation
Banking Services at BTPN Syariah is conducted by the Corporate
Management of Conflict of Interest Secretariat Unit under the Corporate
Secretary & General Counsel Division. In its
6. Implementation of the Compliance Function
implementation, the Corporate Secretariat Unit
in Sharia Commercial Banks
coordinates with the Compliance Division, Risk
7. Implementation of the Internal Audit Function Management Unit, Internal Audit Unit, Financial
Control & Analytics Division, and the Secretary to
the Board of Commissioners’ Committees.
self-assessment results
The calculated Composite Score of the Self-Assessment on GCG Implementation at BTPN Syariah as
of December 31, 2024:
rating definition of rating
Individual 2 Good
Consolidation with Subsidiary 2 Good
The consolidated assessment results with the subsidiary, PT BTPN Syariah Ventura, reflect the
integration of its self-assessment on GCG implementation. This assessment adheres to the Financial
Services Authority (OJK) Regulation No. 48 of 2024 on Good Corporate Governance for Financing
Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Services, in
conjunction with OJK Circular Letter No. 19/SEOJK.06/2024 on the Health Assessment of Venture
Capital Companies and Sharia Venture Capital Companies.
Refer to the self-assessment results, both individually and on a consolidated basis with the subsidiary,
BTPN Syariah obtained a composite rating of “2” or “Good.” This rating indicates that the Bank’s GCG
implementation is adequate and aligns with governance principles. Any identified weaknesses are
manageable and will be addressed by Management through normal corrective actions.
external assessment
The external assessment of GCG implementation at BTPN Syariah is conducted by an independent
party appointed by the Capital Market Financial Services Authority (OJK) and the Indonesia Stock
Exchange. This assessment follows the ASEAN Corporate Governance Scorecard (ASEAN CG
Scorecard) for a biennial evaluation period.
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procedure
The assessment procedure based on the ASEAN CG Scorecard for the disclosure of governance
practices at BTPN Syariah is conducted using publicly available and accessible information. This
includes the Annual Report, Sustainability Report, Announcements, and Disclosure of Information made
by the Bank as a publicly listed company, as well as other information available on the Bank’s website.
The assessment methodology combines an evaluation of compliance with standard items expected to
be implemented by all publicly listed companies within the ASEAN region, along with an assessment of
bonus and penalty items.
assessment criteria
The assessment criteria are based on the ASEAN CG Scorecard for the disclosure of governance
practices at the Bank consisting of five (5) aspects: Rights of Shareholders, Equitable Treatment of
Shareholders, Role of Stakeholders, Disclosure and Transparency, and Responsibility of the Board.
parties conducting the assessment
The external assessment based on the implementation of the ASEAN CG Scorecard for the disclosure
of governance practices at the Bank is conducted by an Independent Consultant, which serves as
the Domestic Ranking Body appointed by the ASEAN Capital Market Forum (ACMF) to conduct the
assessment in Indonesia.
assessment results
The most recent assessment received by the Board of Directors regarding GCG implementation based
on the CG Scorecard was the evaluation with a cut-off date of August 31, 2021. This assessment
was conveyed by the Indonesia Stock Exchange through Letter Number S-00467/BEI.LPP/01-2023
dated January 27, 2023, under the categories of ASEAN Asset Class PLCs and Domestic Significantly
Improved PLCs.
As of December 31, 2024, the Board of Directors has not yet received the assessment results for the
2022, 2023, and 2024 financial years.
Alhamdulillah, the Bank’s enhanced contributions, aligned with greater transparency, have had a
positive impact by the end of 2024. BTPN Syariah once again earned recognition by receiving the “Best
Overall” award for excellence in corporate governance implementation and being ranked among the
Top 10 of the Top 50 Mid-Capitalization Issuers by the Institute for Corporate Directorship at The 15th
IICD Corporate Governance Conference and Awards. This award complements the recognition the
Bank received in mid-2024 when it was honored with the Indonesian Excellence GCG Award for “Good
Corporate Governance Ethics in Enhancing Banking Accessibility for Inclusion Society” in the Sharia
Bank category.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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implementation of public company
governance guidelines at BTPN Syariah in 2024
As a manifestation of its responsibility as a Public Company Governance Guidelines, the
public company, BTPN Syariah is committed implementation of these guidelines has served
to adopting the Public Company Governance as a reference for the Bank in delivering the best
Guidelines as the foundation for conducting services to stakeholders, with continuous quality
corporate activities and as the basis for making improvements over time.
key decisions.
The implementation of the Public Company
Under the Financial Services Authority Governance Guidelines at BTPN Syariah in 2024,
Regulation (POJK) No. 21/POJK.04/2015 based on the “Comply” and “Explain” principles,
and Financial Services Authority Circular is detailed in the table below.
Letter (SEOJK) No. 32/SEOJK.04/2015 on
principle recommendation fulfillment implementation
Principle 1 1.1 A Public Company has Comply 1. The Articles of Association of BTPN Syariah
Enhancing the a method or technical regulate the General Meeting of Shareholders
Value of General procedure for (GMS), including provisions on Venue and Time,
Meeting of voting, either openly Notification, Announcement, Summoning of
Shareholders or confidentially, the GMS Chairperson, Media and Language,
(GMS) that prioritizes Quorum, Voting Rights, Resolutions, and Minutes
Implementation independence and of the GMS.
the interests of 2. In the 2024 Annual GMS, BTPN Syariah ensured
shareholders. the availability of sufficient information
regarding the Announcement and Summoning,
accompanied by the GMS protocols, which
include voting procedures that prioritize
independence and the interests of shareholders.
The Announcement, Summoning, and protocols
of the GMS were provided to shareholders
and their representatives and were published
on the BTPN Syariah website, the Indonesia
Stock Exchange website, the Financial Services
Authority (OJK) website, and the eASY.KSEI
application prior to the meeting.
3. BTPN Syariah ensured the availability of
Additional Information regarding the explanation
of the GMS Agenda and the Annual GMS
Implementation Protocol, with all information
made available on the BTPN Syariah website
prior to the meeting.
4. To ensure the fulfillment of shareholder rights,
BTPN Syariah provided an e-Proxy alternative for
shareholders who wished to grant their proxy to
an appointed party to attend the 2024 Annual
GMS.
5. To further facilitate shareholder participation
in the GMS through an electronic proxy, BTPN
Syariah conducted the GMS electronically
(e-GMS) by implementing electronic voting
(e-voting) during the 2024 Annual GMS. The
PT Bank BTPN Syariah Tbk
implementation complied with the provisions of
Financial Services Authority Regulation (POJK)
No. 16/POJK.04/2020 on the Implementation of
Electronic General Meetings of Shareholders for
Public Companies.
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principle recommendation fulfillment implementation
1.2 All members of Comply Attendance at the Annual General Meeting of
the Board of Shareholders (AGMS) on March 20, 2024:
Directors, Board of 1. All members of the Board of Directors, Board of
Commissioners, and Commissioners, and Sharia Supervisory Board
Sharia Supervisory of BTPN Syariah attended the AGMS held on
Board of the March 20, 2024, either physically or virtually via
public company information technology (Video Conference), in
attended the Annual compliance with the Articles of Association and
General Meeting of applicable regulations.
Shareholders (GMS). 2. The members of the Board of Directors, Board
of Commissioners, and Sharia Supervisory Board
who attended the AGMS physically on March 20,
2024, are as follows:
Board of Directors :
a. Hadi Wibowo, President Director
b. Arief Ismail, Director of Compliance
c. Fachmy Achmad, Director
d. Dwiyono Bayu Winantio, Director
e. Dewi Nuzulianti, Director
Board of Commissioners:
a. Kemal Azis Stamboel, President
Commissioner/Independent
b. Mulya Effendi Siregar, Independent
Commissioner
c. Dewie Pelitawati, Independent Commissioner
d. Ongki Wanadjati Dana, Commissioner
Sharia Supervisory Board:
H. Ikhwan Abidin, MA, Chairman of the Sharia
Supervisory Board
3. Member of the Sharia Supervisory Board
who attended the AGMS on March 20, 2024,
via information technology facilities (Video
Conference) were as follows:
Sharia Supervisory Board:
H. Muhamad Faiz, MA, Member of the Sharia
Supervisory Board
4. All matters related to the 2024 AGMS were
communicated to all members of the Board of
Directors, Board of Commissioners, and Sharia
Supervisory Board prior to the meeting.
1.3 The summary Comply 1. The summary of the 2024 AGMS minutes has
of the Annual been available on the BTPN Syariah website
General Meeting of within two (2) days from the date of the AGMS.
Shareholders (AGMS) 2. The summary of the 2024 AGMS minutes is also
minutes is available available on the BTPN Syariah website, as well as
on the Company’s on the websites of the Indonesia Stock Exchange
website for at least and PT Kustodian Sentral Efek Indonesia.
one (1) year.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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Principle 2 2.1 A Public Company Comply 1. BTPN Syariah has established a policy
Improving has a Communication governing communication with shareholders
the Quality of Policy with and/or investors, as outlined in the Corporate
Communication Shareholders or Governance Manual. This manual includes:
Between the Investors a. General Principles
Public Company b. Strategy
and Shareholders c. Programs and Implementation Timeline
or Investors
2. BTPN Syariah has also established a policy
on Transparency and Disclosure, which is
incorporated into the Corporate Governance
manual.
3. BTPN Syariah has appointed a Corporate
Secretary who serves as the Bank’s
representative concerning Corporate Governance
and is responsible for liaising with regulators, the
government, the media, and public.
4. BTPN Syariah has established an Information
Disclosure mechanism for stakeholders, which
is structured under applicable regulations and
implemented through the following methods:
a. Submission of Reports
BTPN Syariah submits periodic and incidental
reports to the Financial Services Authority
(Otoritas Jasa Keuangan – OJK) for Sharia
Banking, the OJK Capital Market Supervisory
Authority, the Indonesia Stock Exchange
(IDX), and other relevant institutions.
b. BTPN Syariah Website
BTPN Syariah periodically discloses
information through its official website,
as well as on the IDX website and the OJK
Capital Market Supervisory Authority website.
c. Other Communication Programs and Media
BTPN Syariah provides periodic and incidental
reports to OJK for Sharia Banking, OJK
Capital Market Supervisory Authority, the
Indonesia Stock Exchange, and other relevant
institutions through:
i. AGMS – Held annually, no later than six
months after the end of the financial year.
ii. EGMS – Conducted as needed based on
specific requirements.
iii. Public Expose – Held annually as a
regulatory requirement and as a platform
to inform shareholders and/or investors
about BTPN Syariah’s ongoing corporate
actions.
d. Other Engagement Activities
BTPN Syariah conducts various
communication activities with shareholders
and/or investors, including Analysts Briefings,
Investor Meetings, and Press Releases.
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principle recommendation fulfillment implementation
2.2 A Public Company Comply 1. BTPN Syariah has established a Communication
discloses its Policy with shareholders and/or investors outlined
communication policy in the Corporate Governance Manual.
with shareholders 2. The Corporate Governance Manual has been
or investors on its disclosed on the BTPN Syariah website.
website.
Principle 3 3.1 Defining the Comply 1. The determination of the number of Board of
the Board of Number of Board Commissioners’ members at BTPN Syariah has
Commissioners of Commissioners’ taken into account the Bank’s condition.
Members in
Consideration of the 2. As a Sharia Commercial Bank, the determination
Public Company’s of the number of Board of Commissioners’
Condition members complies with SEBI Regulation No.
12/13/Dpbs on the Implementation of Good
Corporate Governance for Sharia Commercial
Banks, in conjunction with POJK Regulation No.
16/POJK.03/2023 on Sharia Commercial Banks,
and POJK Regulation No. 17 of 2023 on the
Implementation of Governance for Commercial
Banks.
3. As a Public Company, the determination of the
number of Board of Commissioners’ members
at BTPN Syariah complies with POJK Regulation
No. 33/POJK.04/2014 on the Board of Directors
and Board of Commissioners of Issuers or Public
Companies.
4. The current number of Board of Commissioners’
members at BTPN Syariah is 4 (four), consisting
of:
a. 3 (three) Independent Commissioners
b. 1 (one) Commissioner.
3.2 The composition Comply The composition of the Board of Commissioners
of the Board of at BTPN Syariah is determined by taking into
Commissioners account the Bank’s needs, business complexity, and
is determined by diversity of expertise. This is based on knowledge of
considering the banking and Sharia banking, expertise, professional
diversity of expertise, experience, and educational background to support
knowledge, and the effective implementation of the Board of
experience required. Commissioners’ duties.
Principle 4 4.1 The Board of Comply 1. The Board of Commissioners at BTPN Syariah
Improving the Commissioners has has established a Self-Assessment policy to
Quality of the a self-assessment evaluate its performance.
Implementation policy to evaluate its 2. This policy is regulated in the Charter and Code
of Duties and performance of Conduct of the Nomination and Remuneration
Responsibilities Committee.
of the Board of 3. On a semi-annual basis, BTPN Syariah conducts
Commissioners a Self-Assessment as an Islamic Commercial
Bank to evaluate the performance of the Bank’s
Organs and Supporting Organs, as well as other
aspects under the working papers set by the
Regulator.
4.2 The Self-Assessment Comply The Self-Assessment policy for evaluating the
policy for evaluating performance of the Board of Commissioners is
the performance regulated in the Nomination and Remuneration
Tbk
of the Board of Committee Charter and disclosed in the 2024
Tbk
Commissioners Annual Report under the Board of Commissioners’
Syariah
Syariah
is disclosed in the Performance Assessment section.
Company’s Annual
Report.
PTPT Bank
Bank BTPN
BTPN
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4.3 The Board of Comply 1. BTPN Syariah has provisions regarding the
Commissioners has resignation of members of the Board of
a policy regarding Commissioners, as stipulated in the Articles of
the resignation of Association.
its members upon 2. The Board of Commissioners at BTPN Syariah
involvement in has established a policy on the resignation
financial crimes. of its members, outlined in the Board of
Commissioners’ Charter and Code of Conduct.
4.4 The Board of Comply The Board of Commissioners and the Nomination
Commissioners or and Remuneration Committee of BTPN Syariah
the Committee have established a succession policy in the
responsible for nomination process for members of the Board of
the Nomination Directors, as outlined in the Charter and Code of
and Remuneration Conduct of the Nomination and Remuneration
function formulates Committee.
a succession policy
in the nomination
process for members
of the Board of
Directors.
Principle 5 5.1 The determination Comply 1. The allocation of the number of Board of
Strengthening of the number of Directors members at BTPN Syariah has
the Membership Board of Directors’ considered the Bank’s condition and the
and Composition members considers effectiveness of decision-making.
of the Board of the Public Company’s 2. As a Sharia Commercial Bank, the allocation
Directors condition and ensures of the number of Board of Directors members
effective decision- complies with SEBI Regulation No. 12/13/Dpbs
making. on the Implementation of Good Corporate
Governance for Sharia Commercial Banks, juncto
POJK Regulation No. 16/POJK.03/2023 on Sharia
Commercial Banks, juncto POJK Regulation No.
17 of 2023 on the Implementation of Governance
for Commercial Banks.
3. As a Public Company, the allocation of the
number of Board of Directors members at BTPN
Syariah complies with POJK Regulation No. 33/
POJK.04/2014 on the Board of Directors and
Board of Commissioners of Issuers or Public
Companies.
4. The current number of Board of Directors
members at BTPN Syariah is five (5), led by the
President Director, with one member serving
as the Director of Compliance and concurrently
as the Corporate Secretary. The determination
of the number of Board of Directors members
is based on the need to achieve the Bank’s
objectives and is adjusted to the conditions,
requirements, and complexity of BTPN Syariah.
5.2 The composition Comply The composition of the Board of Directors at
of the Board BTPN Syariah is determined by considering the
of Directors is Bank’s needs and business complexity, as well as
determined by the diversity of expertise. It is based on knowledge
considering the of banking and Sharia banking, skills, professional
diversity of expertise, experience, and educational background to support
knowledge, and the effective implementation of the Board of
experience required. Directors’ duties.
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principle recommendation fulfillment implementation
5.3 A member of the Comply 1. The BTPN Syariah Board of Directors member
Board of Directors responsible for Accounting and Finance, Treasury,
responsible for and Operations has extensive expertise in
accounting or finance Accounting and Sharia Accounting, Finance, Risk
has expertise and/or Management, Operations, Treasury, and Good
knowledge in the field Corporate Governance.
of accounting. 2. He holds a Certified Public Accountant (CPA)
certification.
3. He is a member of the Indonesian Sharia
Accounting Standards Board for the 2024–2028
period.
4. Prior to his appointment as Director in charge of
Accounting and Finance as well as Operations
at BTPN Syariah, he served as Head of Finance
at BTPN Syariah. He also has a professional
background in a Public Accounting Firm, where
he provided services to various corporations
and banks, specializing in Service Audit, Due
Diligence, Mergers and Integration, System
Implementation, Capital Raising, and other
accounting-related services. Furthermore, he
has built strong relationships with well-reputed
corporate clients in the mass market sector.
Principle 6 6.1 The Board of Comply 1. BTPN Syariah has established a self-assessment
Improving the Directors has a self- policy to evaluate the performance of the Board
Implementation assessment policy of Directors.
Quality of to evaluate the 2. This policy is regulated under the Charter
Duties and performance of the and Code of Conduct of the Nomination and
Responsibilities Board of Directors. Remuneration Committee.
of the Board of 3. On a semi-annual basis, BTPN Syariah conducts
Directors a self-assessment as a Sharia Commercial
Bank to evaluate the performance of the Bank’s
Organs and Supporting Organs, as well as other
aspects under the working papers set by the
Regulator.
6.2 The self-assessment Comply The self-assessment policy is regulated in the
policy for evaluating Charter and Code of Conduct of the Nomination
the performance and Remuneration Committee and is disclosed
of the Board of in the 2024 Annual Report under the Board of
Directors is disclosed Directors’ Performance Assessment section.
in the annual
report of the public
company.
6.3 The Board of Comply 1. BTPN Syariah has provisions regarding the
Directors has a policy resignation of Board of Directors members, as
on the resignation stipulated in the Articles of Association.
of its members if 2. The Board of Directors of BTPN Syariah has
they are involved in established a policy on the resignation of its
financial crimes. members, as outlined in the Board of Directors’
Code of Conduct and Charter.
Principle 7 7.1 A Public Company has Comply 1. BTPN Syariah has established provisions to
Enhancing a policy to prevent prevent insider trading, as outlined in the
Corporate insider trading Corporate Governance Policy and the Policy on
Governance Ownership, Confidentiality of Information, and
Aspects through Investment for Employees.
Stakeholder 2. The policy has been disclosed on the BTPN
Tbk
Participation Syariah website
Tbk
Syariah
7.2 A Public Company has Comply BTPN Syariah has established an Anti-Corruption
Syariah
an anti-corruption and Anti-Fraud policy, as outlined in the Corporate
and anti-fraud policy. Governance Manual, Code of Conduct, Anti-Fraud
BTPN
Strategy Procedures, and Entertainment and Gift
BTPN
Procedures. The key points of this policy have been
disclosed on the BTPN Syariah website.
PTPT Bank
Bank
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7.3 A Public Company Comply BTPN Syariah has established provisions regarding
has a policy on the selection and capability improvement of
the selection suppliers or vendors, as outlined in the Operational
and capability Policy for Partner Management and Procurement of
improvement of Goods and Services, with key points disclosed on the
suppliers or vendors. BTPN Syariah website.
7.4 A Public Company Explain 1. BTPN Syariah does not have any outstanding
has a policy regarding loans from external parties (creditors).
the fulfillment of 2. Policies covering considerations in entering
creditors’ rights. agreements and follow-up actions for fulfilling
obligations will be made available in the event of
any future policy changes.
7.5 A Public Company Comply BTPN Syariah has established provisions on the
has a policy on the whistle-blowing system, the key points have been
whistle-blowing disclosed on the BTPN Syariah website.
system.
7.6 A Public Company Comply 1. BTPN Syariah has a policy on providing long-
has a policy on term incentives to the Board of Directors and
providing long-term Employees.
incentives to the 2. The Bank consistently ensures the
Board of Directors implementation of a fair compensation system
and Employees. by exploring long-term compensation schemes
for the Board of Directors and Employees, which
are considered to align the interests of the Bank
and its employees.
Principle 8 8.1 The Public Company Comply 1. BTPN Syariah has utilized information
Improving the leverages information technology more extensively beyond its website
Implementation technology beyond its as a platform for information disclosure.
of Information website as a platform
Disclosure for information 2. BTPN Syariah maintains official social media
disclosure. accounts:
a. Instagram: @bankirpemberdaya.btpns
https://www.instagram.com/
bankirpemberdaya.btpns/
b. Facebook: @btpnsyariah.id
https://facebook.com/btpnsyariah.id
c. Youtube: @BTPNSyariah
https://www.youtube.com/@BTPNSyariah
d. LinkedIn: BTPN Syariah
https://www.linkedin.com/company/
btpnsyariah
e. Tiktok: @btpnsyariah
https://www.tiktok.com/@btpnsyariah
8.2 The Annual Report Comply 1. The Annual Report of BTPN Syariah has disclosed
of a Public Company the ultimate beneficial owners holding at least
discloses the 5% (five percent) of the company’s shares.
ultimate beneficial 2. This information has also been disclosed on the
owners of at least BTPN Syariah website.
5% (five percent)
of the company’s
shares, in addition
to the disclosure
of the ultimate
beneficial owners
of the company’s
shares through the
PT Bank BTPN Syariah Tbk
major and controlling
shareholders.
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general meeting
of shareholders
The General Meeting of Shareholders (GMS) is 3. Must fulfill the requirements of having a
the highest organ of a Limited Liability Company. commitment to developing healthy Bank
This organ has authority that is not given to operations, and having a plan that at least
the Directors or Board of Commissioners within contains the Bank’s development direction
the limits determined by the Limited Liability and strategy, and a plan to strengthen the
Company Law and the Articles of Association of Bank’s capital for a period of at least 3 (three)
BTPN Syariah. years (for Controlling Shareholders);
Every decision taken at the GMS at BTPN 4. Not included in the list of people who are
Syariah is carried out in good faith, takes into prohibited from becoming Main Parties,
account the interests of the Bank, and does not which include, among other things, not being
conflict with applicable laws and regulations, included in the Disqualified List (DTL);
including laws and regulations in the Capital
Market sector and the Articles of Association. 5. The Main Party must obtain OJK approval,
which must be granted through a fit and
In line with the provisions, the GMS at BTPN proper test;
Syariah cannot intervene in the duties, functions
and authority of the Board of Commissioners, 6. Requirements and other information refer to
Sharia Supervisory Board and Directors, without the applicable provisions regarding the Fit
reducing the authority of the GMS to exercise and Proper Assessment
its rights by the Articles of Association and
applicable laws and regulations. protection of minority shareholders
shareholders BTPN Syariah guarantees protection for minority
shareholders referring to the Limited Liability
Shareholders are parties who can act as owners Company Law, Articles of Association and BTPN
in BTPN Syariah and are required to have good Syariah Corporate Governance Policy.
integrity as regulated under the provisions
share listing and shareholder register
Parties who can act as Bank owners must have
the following qualifications: BTPN Syariah has the responsibility to ensure
that protection of Shareholders’ rights
1. According to the assessment of the Financial
is provided in accordance with statutory
Services Authority, it has good integrity:
regulations and the Articles of Association.
a. Capable of carrying out legal actions;
b. Have good ethics and morals; The Board of Directors guarantees the
c. Have a commitment to comply with legal availability of a list of shareholders consisting of:
regulations and support Financial Services 1. Monthly Shareholder List;
Authority (OJK) policies; and 2. List of Shareholders in connection with the
d. Have a commitment to developing healthy implementation of corporate actions and
Sharia Commercial Bank operations; according to the predetermined recording
date;
2. Have integrity and financial worthiness 3. Special List containing information regarding
and financial reputation for prospective shares of members of the Board of Directors
Tbk
Controlling Shareholders; and Board of Commissioners.
Syariah Tbk
Syariah
Information on the Shareholder List is available
on the BTPN Syariah Website and is updated
BTPN
regularly.
Bank
PTPT BTPN
Bank
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dividend policy 4. One or more shareholders collectively
represent at least 1/20 (one-twentieth) or
BTPN Syariah has established a dividend policy, equivalent 5% (five percent) of the total
which was updated on March 14, 2024, and is shares with voting rights issued by the Bank
regulated under Article 24 of the Articles of may propose a GMS agenda. The proposal
Association No. 46 dated March 20, 2024. must be submitted to the GMS organizer no
later than seven (7) days before the meeting
Considering the Bank’s financial performance invitation is issued. The proposal must be
and aiming to maximize the value for public made in good faith, include the reasons
shareholders, the Bank’s Dividend Policy allows for the meeting, and provide supporting
for a distribution of more than 40%, while taking materials for the proposed agenda. The
into account various relevant factors, including proposed agenda must require a GMS
revenue and cash flow availability, financial resolution and consider the Bank’s interests
prospects, working capital needs, future business while complying with applicable laws and
outlook, capital and infrastructure expenditures, regulations.
as well as investment plans and other growth 5. Shareholders have the right to receive an
drivers. explanation if their proposed agenda is
rejected by the Board of Directors. The reason
rights and responsibilities of for rejecting the proposal must be disclosed
shareholders during the GMS.
6. Each shareholder has the right to request the
Shareholders are capital owners who have Bank to buy back their shares at a fair price
rights and responsibilities over the Bank in if they do not approve actions taken by the
accordance with applicable laws and the Articles Bank that could harm shareholders, such as
of Association. amendments to the Articles of Association,
the transfer or pledge of assets exceeding
BTPN Syariah guarantees the fulfillment of 50% of the Bank’s net assets, or mergers,
shareholders’ rights and obligations based on consolidations, acquisitions, or spin-offs.
the principle of fairness. In exercising their rights
and responsibilities, shareholders are required to The responsibilities of shareholders in BTPN
consider the principles of sustainability, ensuring Syariah include the following:
that their actions support the Bank’s continued 1. Each shareholder must comply with the
operations. Articles of Association and applicable laws
and regulations.
Shareholders’ rights in BTPN Syariah include the 2. Controlling Shareholders should pay attention
following: to the interests of minority Shareholders
1. Shareholders have the right to attend the and other stakeholders in accordance with
General Meeting of Shareholders (GMS), statutory regulations
either in person or through a proxy, provide 3. Minority shareholders are responsible
feedback on the GMS agenda, and participate for exercising their rights under the laws,
in decision-making by the number of shares regulations, and the Articles of Association.
they own. 4. Shareholders must separate the Bank’s assets
2. Shareholders have the right to obtain from their personal assets and distinguish
accurate, adequate, and timely information their role as a shareholder from their role as
related to the Bank, as long as it pertains to a member of the Board of Commissioners or
the GMS agenda and does not conflict with Board of Directors if they hold such positions.
the Bank’s interests. This information enables 5. If a shareholder is a controlling shareholder
shareholders to make appropriate decisions in multiple banks, they must ensure clear
during the GMS. accountability and relationships between
PT Bank BTPN Syariah Tbk
3. Shareholders have the right to receive profits the banks while complying with applicable
through dividends and other profit-sharing laws and regulations, particularly concerning
mechanisms according to the number of transactions with related parties or entities
shares they hold. with special relationships.
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6. Disclose the List of Related Parties if the BTPN Syariah implemented the electronic
shareholder acts as controlling shareholder in General Meeting of Shareholders (e-GMS)
the Bank; with the provision of electronic proxy (e-Proxy)
7. Each party or shareholder who owns 5% and electronic voting (e-Voting) during the
(five percent) or more of the paid-up shares 2024 Annual General Meeting of Shareholders
must report their ownership and any changes (AGMS).
in ownership to the Financial Services
Authority (OJK) in accordance with applicable As part of its commitment to regulatory
regulations, and such information must be compliance, the 2024 AGMS at BTPN Syariah
included in the Bank’s Annual Report. was conducted through the e-GMS mechanism,
8. Shares owned by controlling shareholders with the availability of e-Proxy and e-Voting,
may not be pledged or used as collateral to supported by information technology utilization.
third parties. This approach aimed to enhance the efficiency
and effectiveness of the AGMS while also
encouraging greater shareholder participation,
Implementation of the whether by attending in person or granting proxy
2024 General Meeting of electronically.
Shareholders (GMS) consistent in ensuring fair treatment to
shareholders
BTPN Syariah has fulfilled its obligation to hold
the Annual General Meeting of Shareholders BTPN Syariah is committed to consistently
(AGMS) for the 2024 financial year on March providing fair treatment to all shareholders, both
20, 2024. The implementation of the AGMS was individual and corporate shareholders, whether
carried out under the applicable procedures and present or represented at the Annual General
requirements, taking into account the Articles of Meeting of Shareholders in 2024.
Association and prevailing regulations.
This commitment is realized through the
The implementation of the 2024 Annual General availability of complete supporting documents
Meeting of Shareholders (AGMS) was carefully for the GMS, which are easily accessible, enabling
planned through a well-structured preparation shareholders to fully exercise their rights,
process. During its execution, the Bank adhered including:
to the prevailing regulations at the time, 1. Availability of eASY.KSEI Facility
including: The Bank provides the eASY.KSEI facility,
1. Law No. 40 of 2007 on Limited Liability which makes it easier for shareholders to
Companies (“Company Law”), as amended by attend and cast their votes electronically
Law No. 6 of 2023 concerning the Stipulation (e-Voting) or grant electronic attendance
of Government Regulation in Lieu of Law of proxies (e-Proxy).
the Republic of Indonesia No. 2 of 2022 on Job
Creation into Law; 2. Availability of Power of Attorney to
2. Financial Services Authority Regulation Independent Parties free of charge
No. 15/POJK.04/2020 on the Planning and a. Shareholders who are unable to attend
Implementation of General Meetings of the Annual GMS can authorize their
Shareholders for Public Companies (“POJK- attendance, either through the eASY.
15”); KSEI application, through an Independent
3. Financial Services Authority Regulation No. Party appointed by the Shareholders
16/POJK.04/2020 on the Implementation of themselves, or through an Independent
Electronic General Meetings of Shareholders Party appointed by BTPN Syariah free of
Tbk
for Public Companies (“POJK-16”); charge
Tbk
Syariah
4. Presidential Decree No. 17 of 2023 on the b. Shareholders do not need to pay service
Syariah
Termination of the Coronavirus Disease 2019 fees for appointing an Independent Party,
(COVID-19) Pandemic Status in Indonesia, except for stamp fees for the power of
BTPN
dated June 21, 2023; attorney and costs for sending the original
BTPN
5. The Articles of Association. Power of Attorney to the Securities
Bank
Administration Bureau as well as data
Bank
costs for sending emails or using internet
PTPT
data packages for Live Streaming facilities
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3. Sufficient Time for Shareholders to Grant the procedure for vote collection and
Proxies to provide Power of Attorney vote calculation during the Annual
a. Without diminishing the rights of General Meeting (AGM) in 2024.
Shareholders from the period of the Call
notice until 3 (three) days before the GMS, shareholders entitled to attend the 2024
BTPN Syariah provides fair treatment to annual general meeting (AGM)
Shareholders who were unable to grant
their proxy by the specified deadline (due Shareholders entitled to attend or be
to certain reasons and/or conditions) by represented at the 2024 BTPN Syariah Annual
allowing this opportunity until the day of General Meeting (AGM) are those whose names
the GMS. are listed in the Bank’s Shareholder Register
b. Shareholders will not lose their voting as of 4:00 PM WIB on February 26, 2024, and/
or shareholders registered in the securities
rights and can submit questions through
sub-accounts at KSEI at the close of stock
the Independent Party.
trading on the IDX on February 26, 2024, or the
proxy of the shareholders, evidenced by a valid
4. Availability of Adequate, Complete, and power of attorney and verified with the Written
Prompt Supporting Documents for the Confirmation for the Meeting (KTUR) and other
Annual GMS Materials in 2024 identification documents submitted before
a. The Annual Report and Sustainability entering the Annual GMS venue.
Report for the financial year 2023 are
available on the Bank’s website from the shareholders who have granted power
date of the Annual GMS Call notice in of attorney to the independent party
2024. appointed by the company and have been
b. The matrix of amendments to the Articles validated as shareholders by the share
of Association is available on the Bank’s registrar.
website from the date of the AGM Call
notice in 2024. Shareholders who have granted power of
c. The profile of the candidates for Public attorney to the Independent Party appointed
Accountants and Public Accounting Firms by the Bank may submit questions through the
is available on the Bank’s website from Independent Party no later than 3 (three) days
the date of the Annual GMS Call notice in before the Annual GMS. They can also monitor
2024. the proceedings of the Annual GMS via Live
d. The procedure and protocol for the 2024 Streaming by accessing AKSes.KSEI on the
Annual GMS are available, which serve eASY.KSEI application, after having previously
as a guide for the event process to assist submitted their questions in accordance with
Shareholders when attending the meeting. the procedures outlined in the rules of the 2024
e. The preparation of a concise yet Annual GMS.
comprehensive meeting mechanism and
protocol, while still complying with the shareholders who decide not to attend
requirements for conducting the Annual and do not grant power of attorney to the
GMS. independent party
f. Availability of Power of Attorney forms
and question sheets easily accessible by BTPN Syariah ensures that the rights of
Shareholders, available on the Bank’s Shareholders are fulfilled by providing the
website from the date of the Annual GMS opportunity for Shareholders who decide not to
Call notice in 2024. attend and do not grant power of attorney to
the Independent Party appointed by the Bank to
still monitor the proceedings of the 2024 Annual
GMS through the Live Streaming facility provided
PT Bank BTPN Syariah Tbk
by the Bank. However, such Shareholders will not
have the right to vote, in accordance with the
applicable regulations.
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Access codes for the Live Streaming facility can mechanism for vote counting and
be obtained by registering on the eASY.KSEI calculation in the implementation of the
application, following the procedures outlined in 2024 annual GMS
the rules of the 2024 Annual General Meeting.
Meeting participants, whether attending
Q&A Session at the 2024 Annual GMS physically or electronically, have the right to
express opinions, ask questions, and cast votes
In accordance with the rules of procedure during the meeting. The Meeting Chairperson
for the 2024 Annual GMS, the Chairperson has the right to request that those present prove
of the Meeting provided an opportunity for their authority to attend the meeting (whether
Shareholders and/or their Proxy to ask questions physically or electronically) in accordance with
before the decision-making process on each the requirements specified in the 2024 Annual
agenda item. Shareholders and their Proxy/ GMS Notice.
Representatives wishing to ask questions were
asked to state their name, the shareholder Shareholders and Representatives/Proxies of
they represent, and the number of shares Shareholders who arrive at the meeting room
held. Shareholders attending electronically after the Chairperson opens the meeting will
were also given the opportunity to submit be considered absent and, therefore, will not be
questions in writing through the chat feature allowed to propose and/or ask questions, nor
on the e-Meeting Hall screen. The Chairperson cast votes during the meeting, as outlined in the
of the Meeting or a designated representative 2024 Annual GMS Notice.
responded to questions related directly to the
agenda items. The mechanism for voting and vote counting
has been regulated as outlined in the 2024
For the first agenda item, there were 3 (three) Annual GMS Rules of Procedure, which have
questioners from shareholders and/or proxies, been distributed to the Shareholders and their
and 1 questioner for the fourth agenda item. Representatives/Proxies.
There were no questions for agenda items two,
three, five, and six. voting in the 2024 annual GMS
vote counting at the 2024 annual GMS Referring to the Rules of Procedure for the 2024
Annual GMS, the voting for each agenda item is
The vote counting in the 2024 Annual GMS is conducted verbally, unless otherwise determined
as follows: 1 (one) share grants the shareholder by the Meeting Chair, without objection from
the right to cast 1 (one) vote, and each shareholders present at the meeting who hold
vote represents all the shares owned by the at least 5% (five percent) of the total shares
shareholder. with voting rights issued by the Bank. The voting
is conducted after all questions have been
the independent party in the vote counting answered and/or the Q&A session has ended.
of the 2024 annual GMS
The voting is conducted as follows:
BTPN Syariah has appointed an independent 1. For shareholders attending physically:
party, Notary Ashoya Ratam, S.H., M.Kn, as the The voting is done verbally, where the
Public Notary for the Annual GMS held on March Chairperson of the Meeting asks shareholders
20, 2024. In addition to the Notary, BTPN Syariah and/or their representatives/proxies who
has also appointed PT Datindo Entrycom as the disagree or abstain from the proposed
Securities Administration Bureau to conduct the resolution to raise their hands. To facilitate
counting and/or validation of the quorum and the vote counting, after raising their hands,
Tbk
voting in the Annual GMS. shareholders and/or their representatives/
Tbk
Syariah
proxies are asked to record their names
Syariah
and the number of votes cast on the Ballot
PTPT Bank
Bank BTPN
BTPN
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Paper provided by the Bank. The Securities In accordance with POJK 16/POJK.04/2020
Administration Bureau and the Notary’s Article 11 regarding the Implementation of the
staff will collect the completed Ballot General Meeting of Shareholders of Public
Papers and also check the votes listed in Companies Electronically, Shareholders with
the Proxy Letters, then tally the votes. The voting rights who have attended electronically
Notary reports the results to the Meeting but did not exercise their voting rights or
Chairperson. abstained are considered to have validly
2. For shareholders attending electronically: attended the GMS and will be deemed to have
The voting is done by each participant via the cast a vote equal to the majority of Shareholders
eASY.KSEI application on the e-Meeting Hall who voted, with the abstained vote added to the
menu, sub-menu Live Broadcasting (e-Voting), majority vote of the Shareholders.
following the procedures as informed in the
eASY.KSEI application. the resolutions at the annual GMS of
3. For shareholders who granted proxy through shareholders in 2024
e-Proxy:
Shareholders who have granted a proxy via The resolution on proposals presented in an
e-Proxy through the eASY.KSEI application agenda item is made through deliberation to
are considered to have cast their votes reach a consensus, in accordance with Article 28
through the eASY.KSEI application and are of POJK 15/POJK.04/2020.
not permitted to participate in the e-Voting
process. If consensus is not reached, the decision for:
1. Agenda Items 1 to 4:
After the voting for the Meeting Agenda has The decision is valid if approved by more than
been completed, all votes cast by the Meeting ½ (half) of the total shares with voting rights
Participants, whether through Ballot Papers, present or represented at the Annual General
e-Voting, or e-Proxy via eASY.KSEI, will be Meeting of Shareholders, in accordance
counted by the Securities Administration Bureau, with Article 41 paragraph (1) POJK 15/
and the results of the vote will be verified by POJK.04/2020 in conjunction with Article 87
the Notary. The Notary will then announce the paragraph (2) of the 2007 Company Law and
results of the vote to the Meeting Participants. Article 11 paragraph (7) of the Bank’s Articles
The Chairperson of the Meeting will then confirm of Association.
the results of the vote.
2. Agenda Item 5:
In accordance with POJK 15/POJK.04/2020 The decision is valid if approved by more than
Article 47 regarding the Plan for Organizing 2/3 (two-thirds) of the total shares with
the General Meeting of Shareholders of voting rights present or represented at the
Public Companies, Shareholders who cast Annual General Meeting of Shareholders,
an abstention vote (do not cast a vote) are in accordance with Article 42 paragraph
considered to have cast a vote equal to the (1) POJK 15/POJK.04/2020 in conjunction
majority vote of the Shareholders who voted. with Article 88 paragraph (1) of the 2007
Shareholders who do not raise their hands are Company Law and Article 12 paragraph (1) of
considered to have agreed to the proposed the Bank’s Articles of Association.
resolution. If the number of votes against
the proposal is insignificant, the Chairperson no costs for the implementation of the 2024
of the Meeting has the right to declare that Annual GMS of Shareholders
the proposal is approved by the Meeting. The Shareholders are not charged any fees related to
Chairperson’s decision on this matter is final and granting power of attorney to the Independent
binding. Party appointed by BTPN Syariah. However, the
costs for sending the Power of Attorney, stamp
PT Bank BTPN Syariah Tbk
duty (if applicable), and data charges for using
video conferencing to access the meeting will be
the responsibility of each shareholder.
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table of attendance of the Board of Commissioners, Sharia Supervisory Board, and Board of Directors of BTPN
Syariah at the 2024 Annual GMS
annual GMS
march 20, 2024
no name position Information
present absent
1 Kemal Azis Stamboel President Commissioner/ V - Present in person
Independent
2 Mulya Effendi Siregar Independent Commissioner V - Present in person
3 Dewie Pelitawati Independent Commissioner V - Present in person
4 Ongki Wanadjati Dana Commissioner V - Present in person
5 H. Ikhwan Abidin, MA Chairman of the Sharia V - Present in person
Supervisory Board
6 H. Muhamad Faiz, MA Anggota Dewan Pengawas V - Via teleconference video
Syariah
7 Hadi Wibowo President Director V - Present in person
8 Arief Ismail Director of Compliance V - Present in person
9 Fachmy Achmad Director V - Present in person
10 Dwiyono Bayu Winantio Director V - Present in person
11 Dewi Nuzulianti Director V - Present in person
table of attendance of shareholders and/or shareholder proxies at the 2024 Annual GMS
The 2024 Annual General Meeting (AGM)
was attended by shareholders and/or shareholder proxies representing 7,703,457,000 shares or 85.9777821%.
Out of the total number of shares with voting rights issued by the Company, which amounts to 7,703,457,000
shares, excluding 243,000 shares held in treasury, based on the Shareholder List of the Company as of February
26, 2024.
Table of Attendance of Institutions and/or Capital Market Supporting Professions at the 2024 Annual General
Meeting of Shareholders
attendance at the 2024
information name
annual GMS
Notary Ashoya Ratam,SH.,Mkn v
Administration Bureau PT Datindo Entrycom v
Public Accounting Firm Siddharta Widjaja & Rekan v
Tbk
(an Indonesian partnership and member firm of
Tbk
Syariah
the KPMG network of independent member firm
Syariah
affiliated with KPMG International Cooperative)
PTPT Bank
Bank BTPN
BTPN
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2024 annual GMS
deed
Deed No. 46 dated March 20, 2024, was made by Notary Ashoya Ratam, SH., MKn, a Notary in South Jakarta
Administrative City.
subject
Minutes of the Annual General Meeting of Shareholders of PT Bank BTPN Syariah Tbk.
agenda
First Agenda of the Meeting:
Ratification and Approval of the Financial Statements, Annual Report, and Sustainability Report, which have been
reviewed by the Board of Commissioners for the financial year 2023, including but not limited to:
1. Ratification of the Financial Statements for the financial year ending December 31, 2023;
2. Supervisory report of the Board of Commissioners and the Sharia Supervisory Board for the financial year
ending December 31, 2023; and
3. Discharge and Release of Responsibility (Volledig Acquit et Decharge) for the Board of Directors, Board of
Commissioners, and the Sharia Supervisory Board of the Company for their management and supervisory
actions undertaken during the financial year ending December 31, 2023.
minutes of meeting
1. Approve the Annual Report, which has been reviewed by the Board of Commissioners, as well as the
supervisory report of the Board of Commissioners and the Sharia Supervisory Board for the financial year
ending December 31, 2023, as presented in the 2023 Annual Report and 2023 Sustainability Report;
2. Ratify the Consolidated Financial Statements of the Company for the financial year ending December 31,
2023, which has been audited by the Public Accounting Firm (KAP) SIDDHARTA WIDJAJA & Partners (an
Indonesian partnership and member firm of the KPMG network of independent members affiliated with
KPMG International Cooperative), as stated in its report dated February 7, 2024, with the opinion that
the Consolidated Financial Statements fairly present, in all material respects, the financial position of the
Company and its subsidiaries as of December 31, 2023, as well as the consolidated financial performance,
cash flows, income and profit-sharing reconciliation, zakat fund sources and distribution report, and charity
fund sources and usage report, for the year ended on that date, in accordance with the Financial Accounting
Standards in Indonesia;
3. Grant full discharge and release of responsibility (volledig acquit et decharge) to the members of the Board
of Directors of the Company who served during the financial year ending December 31, 2023, regarding
management actions, and to the Board of Commissioners and the Sharia Supervisory Board regarding
supervisory actions they performed during the financial year ending December 31, 2023, as long as such actions
are reflected in the Annual Report, Sustainability Report, and Consolidated Financial Statements of the
Company for the financial year ending December 31, 2023, except for fraudulent actions, embezzlement, or
other criminal acts.
voting In accordance with the results of the vote conducted during the Meeting and also via
eASY.KSEI:
Agree Votes : 6,617,001,472 or 99.9054846%
Disagree Votes : 100 or 0.0000015%
Abstain Votes : 6,259,900 or 0.0945139%
Total Agree Votes : 6,623,261,372 or 99.9999985%
decision-making Thus, the Meeting was approved with the majority vote of 6,623,261,372,
representing 99.9999985%.
realization/follow-up Laporan Tahunan, Laporan Keberlanjutan dan Laporan Keuangan BTPN Syariah
telah disetujui oleh Pemegang Saham dan telah tersedia di Situs Web BTPN Syariah
sebagai bagian dari Keterbukaan Informasi dan dilaporkan kepada Otoritas sesuai
ketentuan
PT Bank BTPN Syariah Tbk
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agenda
The Second Agenda of the Meeting:
Determination of the Use of the Company’s Net Profit for the financial year ended December 31, 2023.
minutes of meeting
1. Approves the use of the Company’s Net Profit for the financial year ended December 31, 2023, amounting to
IDR 1,080,498,892,729 (one trillion eighty billion four hundred ninety-eight million eight hundred ninety-two
thousand seven hundred twenty-nine Rupiah), in accordance with Law No. 40 of 2007 on Limited Liability
Companies, as follows:
a. IDR 20,000,000,000 (twenty billion Rupiah) will be allocated as the Company’s General Reserve;
b. IDR 70.15 (seventy point fifteen Rupiah) per share, or IDR 540,397,350,713 (five hundred forty billion
three hundred ninety-seven million three hundred fifty thousand seven hundred thirteen Rupiah), will be
distributed as Cash Dividends to Shareholders, with the following provisions:
I. The dividend will be subject to tax withholding in accordance with the applicable tax rates for
shareholders receiving the dividend payment;
II. The Board of Directors is hereby authorized to determine matters related to or concerning the
implementation of the dividend payment for the financial year 2023, including but not limited to
pursuant to the prevailing dividend policy of the Company
2. Records the remaining net profit of the Company for the financial year ended December 31, 2023, amounting
to IDR 520,101,542,016 (five hundred twenty billion one hundred one million five hundred forty-two thousand
sixteen Rupiah) as retained earnings to finance the Company’s business activities.
voting In accordance with the results of the vote conducted in the Meeting and also
through eASY.KSEI:
Agree Votes : 6.617.959.972 or 99.9199564%
Disagree Votes : 53.400 or 0.0008062%
Abstain Votes : 5.248.100 or 0.0792374%
Total Agree Votes : 6.623.208.072 or 99.9991938%
decision-making Thus, the Meeting’s decision with the majority vote of 6,623,208,072 or 99.9991938%.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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realization/follow-up 1. Regarding the fulfillment of the mandatory reserve amount, the allocation of a
portion of BTPN Syariah’s net balance to increase the reserve amount has been
followed up and recorded in accordance with the decision made at the Annual
General Meeting of Shareholders held in 2024.
2. Regarding the follow-up on Dividend Distribution:
a. The summary of the 2024 Annual General Meeting of Shareholders minutes,
along with the schedule and procedure for the cash dividend distribution,
has been submitted to the Financial Services Authority (OJK), the Indonesia
Stock Exchange (IDX), and the Indonesia Central Securities Depository
(KSEI) through letter No. S.133/DIR/CSGC/III/2024 dated March 22, 2024,
and public disclosure has been made on the websites of the Indonesia Stock
Exchange, Financial Services Authority, and BTPN Syariah.
b. Cash Dividend Payment Report:
1. Payment of Cash Dividends (scriptless securities):
The distribution of cash dividends (scriptless securities) was carried
out in accordance with the KSEI letter to BTPN Syariah, letter number
KSEI-6729/JKU/0424 dated April 3, 2024, regarding the payment of
cash dividends on PT Bank BTPN Syariah Tbk (BTPS) shares with
the distribution date of April 19, 2024, based on share ownership and
applicable tax rates recorded on the account as of the recording date
(Recording Date) of April 2, 2024. This was done in consideration of BTPN
Syariah’s response to KSEI through Instruction Letter No. S.155/DIR/
CSGC/IV/2024 dated April 5, 2024, regarding the instruction for the cash
dividend distribution on BTPS shares. Notification to Account Holders
regarding the cash dividend distribution mentioned above was sent to
the respective Account Holders on April 19, 2024, including information
regarding tax payments on the Dividend Distribution in accordance with
applicable regulations.
2. Payment of Cash Dividends (non-scriptless securities):
BTPN Syariah has distributed the dividend to PT Bank BTPN Tbk from its
1% ownership in the shares not recorded on the IDX on April 19, 2024.
agenda
Agenda Item Three of the Meeting:
Determination of the amount of remuneration for the members of the Board of Directors, the Board of
Commissioners, and the Sharia Supervisory Board of the Company for the year 2024.
minutes of meeting
1. Granting full power and authority to the Board of Commissioners of the Company to determine the
remuneration for the members of the Board of Directors and the Sharia Supervisory Board for 2024 through
the Nomination and Remuneration Committee Meeting and to determine the distribution among the
members of the Board of Directors and the Sharia Supervisory Board, with the condition that in determining
the total amount and the distribution of remuneration for the members of the Board of Directors and the
Sharia Supervisory Board, the Board of Commissioners must take into account the recommendations of the
Company’s Nomination and Remuneration Committee;
2. Approving the recommendation of the Nomination and Remuneration Committee as stated in the Circular of
the Nomination and Remuneration Committee No. 001/CIR/KNR/II/2024 dated February 26, 2024, regarding
the 2024 Remuneration for the Board of Commissioners, Board of Directors, Sharia Supervisory Board, and
Independent Members of the Audit Committee and Risk Monitoring Committee, as approved by the Board
of Commissioners in the Circular Decision of the Board of Commissioners No. 003/CIR/DEKOM/II/2024
dated February 26, 2024, which sets the total gross remuneration for the Board of Commissioners for 2024,
PT Bank BTPN Syariah Tbk
not exceeding IDR 16 billion (gross), and granting full power and authority to the Board of Commissioners to
determine, in a decision of the Board of Commissioners, the distribution of this total remuneration among the
members of the Board of Commissioners, with the condition that in determining the distribution of the total
remuneration, the Board of Commissioners must take into account the recommendations of the Nomination
and Remuneration Committee.
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voting According to the results of the voting conducted during the meeting and also
through eASY.KSEI:
Agree Votes : 6.581.181.272 or 99.3646604%
Disagree Votes : 36.687.100 or 0.5539129%
Abstain Votes : 5.393.100 or 0.0814267%
Total Agree Votes : 6.586.574.372 or 99.4460871%
decision-making The Meeting, with the majority vote of 6,586,574,372 or 99.4460871%.
Realization/Follow-up 1. Granting power and authority to the Board of Commissioners to determine
the remuneration for members of the Board of Directors and members of the
Sharia Supervisory Board for 2024, as well as to decide on its distribution among
the members of the Board of Directors and the Sharia Supervisory Board.
Additionally, the determination of remuneration for the members of the Board
of Commissioners and its distribution among the members of the Board of
Commissioners has been granted in accordance with the meeting’s decision.
2. The determination of remuneration for members of the Board of Directors
and members of the Sharia Supervisory Board for 2024, and its distribution
among the members of the Board of Directors and the Sharia Supervisory
Board, as well as the determination of remuneration for members of the
Board of Commissioners and its distribution among the members of the
Board of Commissioners, has been granted in accordance with the meeting’s
decision, which is recorded in the Minutes of the Nomination and Remuneration
Committee Meeting No. M.001/RNC/II/2024 dated February 16, 2024, and
approved by the Board of Commissioners as outlined in the Minutes of the
Board of Commissioners’ Meeting No. MOM.002/KOM/CSGC/II/2024 dated
February 16, 2024, regarding the determination of the total gross remuneration
for the members of the Board of Commissioners for the financial year ending on
December 31, 2024.
agenda
Fourth Agenda of the Meeting:
Appointment of a Public Accountant and/or Public Accounting Firm to examine the Company’s books for the
financial year ending December 31, 2024, and determination of the honorarium and other terms related to the
appointment.
minutes of meeting
1. Approved the appointment of KAP Siddharta Widjaja & Rekan (hereinafter referred to as the “Public
Accounting Firm” or “KAP”), which is registered with the Financial Services Authority (OJK), to conduct the
audit of the Company’s Financial Statements for the 2024 financial year. The appointment includes Mrs. Novie,
S.E., CPA, as the Public Accountant (hereinafter referred to as the “Public Accountant” or “AP”) responsible for
the audit, as well as the determination of the honorarium and other terms related to the appointment of the
KAP and/or AP, taking into account recommendations from the Audit Committee and applicable regulations.
The year 2024 marks the third consecutive year that Mrs. Novie, Bachelor of Economics and Certified Public
Accountant, will be auditing the Company’s financial statements.
2. Approved the delegation of authority to the Board of Commissioners to appoint a replacement KAP and/or AP
in the event that the appointed KAP and/or AP is unable, for any reason, to complete/perform the audit of the
financial statements for the financial year ending December 31, 2024. This includes determining the honorarium
and other conditions related to the appointment of the replacement KAP and/or AP.
3. Whereas in the designation and appointment of KAP and/or AP aforesaid, the Company will be obliged to fulfill
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the provisions:
Syariah
i. The appointed KAP and/or AP must be registered at the Capital Market Supporting Profession at OJK as
Syariah
well as have been experienced in auditing banking Companies
ii. The appointed KAP must be affiliated to an international KAP.
BTPN
BTPN
4. Approved the authorization of the Company’s Board of Directors to carry out all necessary actions related to
the appointment of the KAP and/or AP, including but not limited to the execution of meetings and the signing
Bank
of the appointment letter for the designated KAP and/or AP.
Bank
PTPT
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voting According to the results of the voting conducted during the meeting and also
through eASY.KSEI:
Agree Votes : 6,617,426,272 or 99.9118984%
Disagree Votes : 572,400 or 0.0086423%
Abstain Votes : 5,262,800 or 0.0794593%
Total Agree Votes : 6,622,689,072 or 99.9913577%
decision-making The Meeting, with the majority vote of 6,622,689,072 shares or 99.9913577%.
realization/follow-up The Report on the Implementation of the Appointment of the Public Accountant
(AP) and/or Public Accounting Firm (KAP) for the audit of the annual historical
financial information as of December 31, 2024, has been submitted to OJK Banking
for Sharia Banks through letter No. S.154/DIR/CSGC/IV/2024 dated April 4, 2024,
and to OJK Capital Market and IDX through letter No. S.153/DIR/CSGC/IV/2024
dated April 4, 2024.
agenda
Fifth Agenda of the Meeting:
Amendments to the Company’s Articles of Association
minutes of meeting
1. Approved the amendments to the Company’s Articles of Association to align with the Financial Services
Authority Regulation No. 17 of 2023 concerning the Implementation of Governance for Commercial Banks.
2. Approved the granting of authority to the Board of Directors, with the right of substitution, to restate the
above decision in a Notarial Deed, including restructuring the entire provisions of the Company’s Articles of
Association in the Notarial Deed. Furthermore, the Board of Directors is authorized to submit a notification
regarding the amendments to the Company’s Articles of Association to the Minister of Law and Human Rights
of the Republic of Indonesia and, as well as publish it in the State Report of the Republic of Indonesia for this
purpose, to make any changes and/or additions in any form as required and/or mandated by the Minister of
Law and Human Rights of the Republic of Indonesia to obtain approval for the said amendments, as well as to
carry out all necessary actions as required by the prevailing laws and regulations.
voting According to the results of the voting conducted during the meeting and also
through eASY.KSEI:
Agree Votes : 6,559,252,872 or 99.0335788%
Disagree Votes : 58,730,500 or 0.8867308%
Abstain Votes : 5,278,100 or 0.0796903%
Total Agree Votes : 6,564,530,972 or 99.1132692%
decision-making The Meeting, with the majority vote of 6,564,530,972 shares or 99.1132692%,
approved the resolution.
realization/follow-up The Deed of Statement of Resolution of the Annual General Meeting of
Shareholders of BTPN Syariah Number 46 dated March 20, 2024, drafted by Notary
Ashoya Ratam, SH., MKn, in the Administrative City of South Jakarta, has received
approval for the Amendment to the Articles of Association under Approval Number
AHU-AH.01.03-0089433 dated April 19, 2024. This has been submitted to the
Financial Services Authority (OJK), the Indonesia Stock Exchange (IDX), and the
Indonesian Central Securities Depository (KSEI) through letter Number S.167/DIR/
CSGC/VII/2024 dated April 19, 2024, and has been disclosed on the IDX and OJK
websites as well as the BTPN Syariah website.
PT Bank BTPN Syariah Tbk
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agenda
Sixth Agenda of the Meeting:
Company Report in the Form of the Implementation Report on the Partial Transfer of the Company’s Treasury
Shares in 2023.
minutes of meeting
Since the Sixth Agenda constitutes the Report of the Transfer of a portion of Treasury Shares, then, there was not
any adoption of resolution, which is:
With due regards to Information Disclosure of the Company:
1. Number S.034/DIR/CSGC/I/2024 dated January 26, 2024 regarding the Information Disclosure which needs to
be acknowledge by the Public – The Implementation of the Transfer of a portion of Treasury Shares;
2. Number S.035/DIR/CSGC/I/2024 until Number S.038/DIR/CSGC/I/2024 dated January 26, 2024 regarding
the Report on the Ownership or the Changes of Ownership of Share of the Members of the Board of Directors
of PT Bank BTPN Syariah Tbk.
As well as with due observance of the Regulations of POJK Number 59 Year 2017 regarding the Application of
Governance in the granting of Remuneration for Sharia Commercial Banks and Sharia Business Units juncto POJK
Number 29 Year 2023 regarding Buyback of Shares issued by Public Company, preservation provisions article, which
regulates that public companies that have obtained approval from the General Meeting of Shareholders regarding
buyback of shares and/or are within the period for implementing the transfer of shares resulting from the buyback
before POJK Number 29 of 2023 comes into effect, continues to comply with the provisions regulated by POJK
Number 30/POJK.04/2017 regarding the buyback of shares issued by public companies.
Delivered to the Shareholders as following:
1. The Company has followed up the Resolution of the Extraordinary General Meeting of Shareholders of the
Company which has been convened on September 2, 2019, the Second Agenda regarding the Repurchase of
Shares of the Company in the framework of granting variable remuneration in accordance with POJK Number
59/POJK.03/2017, and has made the payment of the relevant variable remuneration by means of transfer of a
portion of the Treasury Shares of the Company on January 25, 2024;
2. Over the relevant remaining shares, the Company will further issue up to the holding period deadline, in
accordance with the prevailing regulations.
decision-making Since the Sixth Meeting Agenda concerns the Report on the Partial Transfer of
Treasury Shares, no decision-making is required.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | good corporate governance
stages of the implementation of the 2024 annual GMS
Plan for the Implementation of the
2024 Annual GMS OJK
Wednesday, January 31, 2024 Announcement of the 2024
Annual GMS
The Plan for the Implementation of the
Annual General Meeting of Shareholders has
been submitted to OJK DPBS, OJK Capital Monday, February 12, 2024
Market, IDX, and KSEI through Letter No.
S.051/DIR/CSGC/I/2024. The announcement has been submitted to:
OJK DPBS, OJK Capital Market, IDX, and
KSEI through Letter No. S.065/DIR/CSGC/
II/2024, and has also been published on
the Company’s website and the eASY.KSEI
application.
Recording Date
Monday, February 26, 2024
Invitation of the 2024 Annual GMS
Tuesday, February 27, 2024
The invitation has been submitted to:
OJK DPBS, OJK Capital Market, IDX, and
KSEI through Letter No. S.084/DIR/CSGC/
III/2024, and has also been published on
Implementation of the 2024
the Company’s website and the eASY.KSEI
Annual GMS
application.
Wednesday, March 20, 2024
Located at: Menara BTPN, 16th Floor, CBD
Mega Kuningan, Jl. Dr. Ide Anak Agung Gde
Agung Kav. 5.5-5.6, South Jakarta 12950,
Indonesia. Summary of the Minutes
of the 2024 Annual GMS
Friday, March 22, 2024
The Summary of the Minutes has been
submitted to OJK DPBS, OJK Capital Market,
IDX, and KSEI through Letter No. S.133/DIR/
CSGC/III/2024 and has also been published
Minutes of the 2024 Annual GMS on the Company’s website and the eASY.KSEI
application.
Wednesday, April 17, 2024
The Minutes of the Meeting have been
submitted to OJK DPBS, OJK Capital Market,
IDX, and KSEI through Letter No. S.163/DIR/
CSGC/IV/2024 and have also been published
PT Bank BTPN Syariah Tbk
on the Company’s website.
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follow-up – resolutions of the previous annual general meeting of shareholders
BTPN Syariah has implemented the resolutions of the Annual General Meeting of Shareholders held for the financial year
follow-up – annual general meeting of shareholders (april 12, 2023)
no agenda resolution
1 Ratification and Approval of the a. Approved the Annual Report and Sustainability Report reviewed
Consolidated Financial Statements, by the Board of Commissioners, as well as the supervisory duty
Annual Report, and Sustainability reports of the Board of Commissioners and the Sharia Supervisory
Report reviewed by the Board Board for the financial year ended December 31, 2022, as
of Commissioners for the 2022 presented in the 2022 Annual Report and the 2022 Sustainability
financial year, including but not Report.
limited to: b. Ratified the Company’s Consolidated Financial Statements for
the financial year ended December 31, 2022, which were examined
a. Ratification of the Consolidated and audited by the Public Accounting Firm (KAP) SIDDHARTA
Financial Statements for the WIDJAJA & Rekan (an Indonesian partnership and a member firm
financial year ended December of the KPMG network of independent member firms affiliated
31, 2022; with KPMG International Cooperative), as stated in their report
b. Report on the Supervisory dated February 10, 2023. The audit opinion concluded that the
Duties of the Board of consolidated financial statements fairly present, in all material
Commissioners and the Sharia respects, the consolidated financial position of the Company
Supervisory Board for the and its subsidiaries as of December 31, 2022, as well as the
financial year ended December consolidated financial performance, cash flows, reconciliation of
31, 2022; and income and profit-sharing, report on sources and distribution of
c. Full settlement and release zakat funds, and report on sources and uses of benevolence funds
of liability (Volledig Acquit for the year then ended, in accordance with Indonesian Financial
et Decharge) for the Board Accounting Standards, as included in the 2022 Annual Report.
of Directors, Board of c. Granted full settlement and release of liability (volledig acquit et
Commissioners, and Sharia decharge) to the members of the Company’s Board of Directors
Supervisory Board of the serving during the financial year ended December 31, 2022, for
Company for the management management actions taken, and to the Board of Commissioners
and supervisory actions carried and the Sharia Supervisory Board for their supervisory actions
out during the financial year carried out during the financial year ended December 31, 2022,
ended December 31, 2022. insofar as such actions are reflected in the Annual Report,
Sustainability Report, and Consolidated Financial Statements
of the Company for the financial year ended December 31, 2022,
except in cases of fraud, embezzlement, or other criminal offenses.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | good corporate governance
r ended December 31, 2022, as follows:
status information
Completed The Annual Report, Sustainability Report, and Consolidated Financial Report of BTPN Syariah
for the financial year ending on December 31, 2022, have been approved by the Shareholders at
the 2022 Annual GMS and are available on the BTPN Syariah website as part of the Information
Disclosure and reported to the Authorities in accordance with applicable regulations.
PT Bank BTPN Syariah Tbk
299
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follow-up – annual general meeting of shareholders (april 12, 2023)
no agenda resolution
2 Determination of the use of the 1. Approving the allocation of the Company’s Net Profit for the
Company’s net profit for the financial year ending on December 31, 2022, amounting to
financial year ending on December Rp1,779,542,863,537 (one trillion seven hundred seventy-nine billion
31, 2022 five hundred forty-two million eight hundred sixty-three thousand
five hundred thirty-seven rupiah), in accordance with Law No. 40
of 2007 on Limited Liability Companies, as follows:
a. Rp20,000,000,000 (twenty billion rupiah) shall be allocated as
the Company’s General Reserve.
b. Rp92.5 (ninety-two point five rupiah) per share, or a total of
Rp712,535,260,750 (seven hundred twelve billion five hundred
thirty-five million two hundred sixty thousand seven hundred
fifty rupiah), shall be distributed as Cash Dividends to
Shareholders, under the following conditions:
i. For these Dividens, the Board Directors shall deduct
Dividend Tax at the applicable tax rate in accordance with
prevailing tax regulations for Shareholders receiving the
Dividend payment.
ii. The Board of Directors is hereby granted the authority
and power to determine matters related to or concerning
the implementation of the Dividend payment for the 2022
financial year.
2. Recording the remaining net profit of the Company for the
financial year ending on December 31, 2022, amounting to
Rp1,047,007,602,787 (one trillion forty-seven billion seven million
six hundred two thousand seven hundred eighty-seven rupiah) as
retained earnings to finance the Company’s business activities.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | good corporate governance
status information
Completed 1. Regarding the fulfillment of the mandatory reserve amount
The allocation of a portion of BTPN Syariah’s net balance to increase the reserve amount has
been carried out and recorded in accordance with the resolution of the 2023 Annual GMS.
2. Follow-up on Dividend Distribution
a. The summary of the 2023 AGMS minutes, along with the schedule and procedures for
the distribution of cash dividends, has been submitted to the Financial Services Authority
(OJK), Indonesia Stock Exchange (BEI), and Indonesian Central Securities Depository
(KSEI) through letter No. S.188/DIR/CSGC/IV/2023 dated April 14, 2023. The disclosure
of this information has also been made available on the official websites of the Indonesia
Stock Exchange, Financial Services Authority, and BTPN Syariah.
b. Cash Dividend Payment (warkat scriptless)
BTPN Syariah has executed the payment of cash dividends through KSEI, as stated in letter
No. KSEI-7718/JKU/0523 dated May 4, 2023, regarding the Report on the Implementation
of Cash Dividend Payment for BTPN Syariah Shares.
i. The letter stated that KSEI had distributed the cash dividends to KSEI account holders
on May 12, 2023 (Payment Date), in accordance with share ownership as of May 2,
2023 (Recording Date). Notification regarding the dividend distribution was sent to the
relevant account holders on May 12, 2023. Additionally, the tax payment related to the
dividend distribution was handled accordingly.
ii. Cash Dividend Payment (Non-Scriptless warkat)
BTPN Syariah has also executed the dividend distribution to PT Bank BTPN Tbk for its
1% ownership stake, which is not listed on the IDX, on May 12, 2023.
PT Bank BTPN Syariah Tbk
301
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follow-up – annual general meeting of shareholders (april 12, 2023)
no agenda resolution
3 Changes of the Composition of the 1. Appointment of Members of the Board of Commissioners, Board
Company’s Management of Directors, and Sharia Supervisory Board for the 2023–2026 are
as follows:
Board of Directors:
President Director: Hadi Wibowo
Compliance Director: Arief Ismail
Director: Fachmy Achmad
Director: Dwiyono Bayu Winantio
Director: Dewi Nuzulianti
Board of Commissioners:
President Commissioner/Independent: Kemal Azis Stamboel
Independent Commissioner: Dewie Pelitawati
Commissioner: Ongki Wanadjati Dana
Independent Commissioner: Mulya Effendi Siregar*
Sharia Supervisory Board:
Chairman of the Sharia Supervisory Board: H. Ikhwan Abidin, MA
Member of the Sharia Supervisory Board: H. Muhamad Faiz, MA
All of whom with the term of office starting as of the date
stipulated in the Meeting which is appointing them, until the
closing the 3rd (third) Annual General Meeting of Shareholders
of the Company to be convened in the year 2026 (two thousand
twenty six), without prejudice to the rights of the Meeting or the
prevailing laws and regulations to dismiss them at any time before
the expiry of their term of office
With notation (*):
i. For those who have not yet received the Result of Fit and
Proper Test, then, their term of office will be effective upon
obtaining approval from OJK and/or the fulfillment of the
requirements stipulated in the approval letter of OJK aforesaid
(the effective date),
ii. In the event that OJK did not approve the appointment
aforesaid, or the requirements stipulated by OJK are not
fulfilled, then, the appointment aforesaid will become void and
will not be applicable without requiring further approval of the
GMS.
2. Grant power of attorney to the Board of Directors of the
Company, with the right of substitution, to restate in a notary
deed over the resolutions mentioned above and to notify them
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to the Minister of Law and Human Rights of the Republic of
Tbk
Syariah
Indonesia, and for such purposes, to take actions which are
Syariah
required in accordance with the prevailing laws and regulations.
PTPT Bank
Bank BTPN
BTPN
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status information
Completed The changes in the composition of the Company’s Management have been formalized in the Deed
of Statement of Resolutions of the Annual General Meeting of Shareholders of
PT Bank BTPN Syariah Tbk No. 46, dated April 27, 2023, drawn up by Notary Ashoya Ratam, SH.,
MKn, a Notary in South Jakarta Administrative City. These changes have been registered with the
Ministry of Law and Human Rights of the Republic of Indonesia under the Notification Receipt of
Company Data Changes No. AHU-AH.01.09-0112846, dated April 27, 2023. The notification has
also been submitted to the Financial Services Authority (OJK), Indonesia Stock Exchange (BEI),
and Indonesian Central Securities Depository (KSEI) through letter No. S.205/DIR/CSGC/IV/2023,
dated April 27, 2023. Additionally, the information disclosure has been published on the official
websites of the Indonesia Stock Exchange, Financial Services Authority, and BTPN Syariah.
PT Bank BTPN Syariah Tbk
303
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follow-up – annual general meeting of shareholders (april 12, 2023)
no agenda resolution
4 Determination of the Amount of 1. Grant full power of attorney and authority to the Company’s
Remuneration for the Members Board of Commissioners to determine the remuneration for
of the Board of Directors, Board members of the Board of Directors and Sharia Supervisory Board
of Commissioners, and Sharia for the year 2023 through the Nomination and Remuneration
Supervisory Board of the Company Committee Meeting and to allocate the remuneration among the
in 2023 members of the Board of Directors and Sharia Supervisory Board.
In determining the total amount and its distribution, the Board of
Commissioners must take into account the recommendations of
the Company’s Nomination and Remuneration Committee.
2. Approve the recommendation of the Nomination and
Remuneration Committee, as stated in the Minutes of the
Nomination and Remuneration Committee Meeting No. M.002/
RNC/III/2023 dated March 9, 2023, which was approved by the
Board of Commissioners as recorded in the Minutes of the Board
of Commissioners Meeting No. 003/KOM/CSGC/III/2023 dated
March 9, 2023. The resolution sets the total gross remuneration for
the Board of Commissioners for the year 2023 at an amount not
exceeding IDR 18.4 billion (gross). Additionally, authorize and grant
power to the Board of Commissioners to determine the allocation
of the total remuneration among its members, provided that in
determining the allocation, the Board of Commissioners must take
into account the recommendations of the Company’s Nomination
and Remuneration Committee.
5 Appointment of a Public 1. Approve the appointment of KAP Siddharta Widjaja & Rekan
Accountant (“AP”) and/or Public (hereinafter referred to as KAP), a Public Accounting Firm
Accounting Firm (“KAP”) to Audit registered with the Financial Services Authority (OJK), to conduct
the Company’s Books for the the audit of the Company’s Financial Statements for the 2023
Financial Year Ending December 31, Financial year. Additionally, appoint Mr. Handrow Cahyadi, S.E.,
2023, and Determination of Fees CPA, as the Public Accountant (hereinafter referred to as AP)
and Other Terms Related to the responsible for the audit. The determination of fees and other
Appointment terms related to the appointment of KAP and/or AP shall be
made in consideration of the recommendations from the Audit
Committee and in compliance with applicable regulations.
2. Approve the delegation of authority to the Board of
Commissioners to appoint a replacement Public Accounting
Firm (KAP) and/or Public Accountant (AP) in the event that
the appointed KAP and/or AP is unable, for any reason, to
complete or conduct the audit of the financial statements for the
Financial year ending December 31, 2023. This authority includes
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determining the honorarium and other terms related to the
Tbk
Syariah
appointment of the replacement KAP and/or AP.
Syariah
3. Approve the granting of authority to the Company’s Board
BTPN
of Directors to carry out all necessary actions related to the
BTPN
appointment of the Public Accounting Firm (KAP) and/or Public
Bank
Accountant (AP), including but not limited to conducting meetings
Bank
and signing the appointment letter for the designated KAP and/
PTPT
or AP.
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annual report 2024 | good corporate governance
status information
Completed 1. The Minutes of the Board of Commissioners Meeting No. M.002/RNC/III/2023, dated March 9,
2023, determined the total gross remuneration for members of the Board of Commissioners
for the financial year ending December 31, 2023.
2. The Minutes of the BTPN Syariah Nomination and Remuneration Committee Meeting No.
003/KOM/CSGC/III/2023, dated March 9, 2023, addressed the determination of the total
gross remuneration for members of the Board of Commissioners for the financial year ending
December 31, 2023.
Completed 1. The Report on the Implementation of the Appointment of the Public Accountant (AP) and/
or Public Accounting Firm (KAP) for the audit of the annual historical financial information as
of December 31, 2023, was submitted to OJK Sharia Banking through letter No. S.211/DIR/
CSGC/V/2023, dated May 3, 2023, and to OJK Capital Market and Indonesia Stock Exchange
through letter No. S.213/DIR/CSGC/V/2023, dated May 4, 2023.
2. The Circular Resolution of the Audit Committee, as a substitute for decisions made in the
Audit Committee Meeting of PT Bank BTPN Syariah Tbk No. 005/CIR/AK/IX/2023, dated
September 11, 2023, regarding the Audit Committee’s Recommendation on the Change of
Public Accountant Responsible for the Audit of Annual Historical Financial Information of
PT Bank BTPN Syariah Tbk for the Financial Year Ending December 31, 2023.
3. The Circular Resolution of the Board of Commissioners, as a substitute for decisions made in
the Board of Commissioners Meeting of PT Bank BTPN Syariah Tbk No. 007/CIR/DEKOM/
IX/2023, dated September 12, 2023, concerning the Board of Commissioners’ Approval of the
Change of Public Accountant (AP) Responsible for the Audit of Annual Historical Financial
Information of PT Bank BTPN Syariah Tbk for the Financial Year Ending December 31, 2023.
PT Bank BTPN Syariah Tbk
4. The Report on the Change of Public Accountant (AP) for the audit of the annual historical
financial information as of December 31, 2023, was submitted to OJK Sharia Banking through
letter No. S.379/DIR/CSGC/X/2023, dated October 4, 2023, and to OJK Capital Market and
IDX through letter No. S.380/DIR/CSGC/X/2023, dated October 4, 2023.
5. The Audit Committee’s Evaluation Report on the Implementation of Audit Services for Annual
Historical Financial Information as of December 31, 2023, was submitted to OJK Sharia
Banking through letter No. S.192/DIR/SKAI/V/2024, dated May 3, 2024.
305
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follow-up – annual general meeting of shareholders (april 12, 2023)
no agenda resolution
6 Report on the Implementation 1. The Company has followed up on the resolution of the
of the Partial Transfer of the Extraordinary General Meeting of Shareholders (EGMS) held
Company’s Treasury Shares in 2022 on September 2, 2019, specifically the Second Agenda Item
regarding the Share Buyback for the purpose of granting variable
remuneration in accordance with Financial Services Authority
Regulation (POJK) Number 59/POJK.03/2017. The Company
executed the payment of variable remuneration through the
partial transfer of its Treasury Shares on January 25, 2023.
2. Future payments of variable remuneration will continue to adhere
to the relevant resolution of the Extraordinary GMS and the
prevailing provisions.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | good corporate governance
status information
Completed Since the Sixth Meeting Agenda was a report, no resolution was made.
Referring to the Company’s Disclosure Letter No. 035/DIR/CSGC/I/2023 dated January 26, 2023,
regarding the Report on Ownership or Changes in Share Ownership of the Board of Directors
of PT Bank BTPN Syariah Tbk, and Letter No. S.034/DIR/CSGC/I/2023 dated January 26, 2023,
regarding Material Information Disclosure - Execution of Partial Transfer of Treasury Shares, the
following was presented to the Shareholders:
1. The Company has followed up on the resolution of the Extraordinary General Meeting of
Shareholders held on September 2, 2019, specifically the Second Agenda Item regarding the
Share Buyback for the purpose of granting variable remuneration in accordance with Financial
Services Authority Regulation Number 59/POJK.03/2017. The Company executed the payment
of variable remuneration through the partial transfer of its Treasury Shares on
January 25, 2023.
2. Future payments of variable remuneration will continue to adhere to the relevant resolution of
the Extraordinary GMS and the prevailing provisions.
PT Bank BTPN Syariah Tbk
307
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Board of
Commissioners
In accordance with Law No. 40 of 2007 on The basis for the preparation of the Board of
Limited Liability Companies, as amended by Commissioners Charter includes the following:
Law No. 6 of 2023 concerning the Stipulation of 1. Law No. 40 of 2007 on Limited Liability
Government Regulation in Lieu of Law No. 2 of Companies, as amended by Law No. 6 of 2023
2022 on Job Creation into Law, in conjunction on the Stipulation of Government Regulation
with Financial Services Authority Regulation in Lieu of Law No. 2 of 2022 on Job Creation
(POJK) No. 3/POJK.04/2014 on the Board into Law.
of Directors and Board of Commissioners of 2. Law No. 6 of 2003 on the Stipulation of
Issuers or Public Companies, and POJK No. 16 Regulations.
of 2022 on Sharia Commercial Banks, the Board 3. Financial Services Authority Regulation
of Commissioners serves as a company organ (POJK) No. 33/POJK.04/2014 on the Board
with a collective function and responsibility of Directors and Board of Commissioners of
(each member of the Board of Commissioners Issuers or Public Companies.
cannot act individually but rather based on the 4. POJK No. 21/POJK.04/2015 on the
decisions of the Board of Commissioners), who is Implementation of Corporate Governance for
independently performs general and/or specific Public Companies.
supervisory functions for the benefit of the Bank 5. POJK No. 16/POJK.03/2022 on Sharia
regarding policies and management carried Commercial Banks.
out by the Board of Directors, provides advice 6. POJK No. 17 of 2023 on Governance of
to the Board of Directors, and is accountable Commercial Banks.
for the supervision in accordance with the 7. POJK No. 2 of 2024 on the Implementation
Bank’s objectives as stipulated in the applicable of Sharia Governance for Sharia Commercial
regulations, the Articles of Association, and Banks and Sharia Business Units.
resolutions of the GMS. Additionally, the Board 8. POJK No. 15 of 2024 on the Integrity of Bank
of Commissioners ensures the implementation Financial Reporting.
of GCG principles in all aspects of the Bank’s 9. The Bank’s Articles of Association.
operations at every organizational level, including 10. ASEAN Corporate Governance Scorecard.
but not limited to integrated governance within
the scope of a financial conglomerate. Board of Commissioners charter
The Board of Commissioners is appointed In carrying out its duties and responsibilities, the
and ratified through the General Meeting of Board of Commissioners refers to the guidelines
Shareholders and must fulfill the fit and proper and code of conduct as outlined in the Board
test requirements set by the Financial Services of Commissioners Charter. The Charter is
periodically reviewed and updated in accordance
Authority.
with the prevailing regulations and provisions
in Indonesia. This Charter is binding on every
legal basis of members of the Board of Commissioners to
Board of Commissioners charter ensure that the Board performs its supervisory
function efficiently, effectively, transparently,
The Board of Commissioners has guidelines independently, and accountably.
and a code of conduct (Charter) in carrying
out its duties and responsibilities, as outlined In 2024, the Board of Commissioners conducted
in the Board of Commissioners Charter. The its annual review and approved the update of
Tbk
Board of Commissioners Charter is updated Charter No. 01/PedomanKerja/CSGC/XII/2024
Tbk
and evaluated periodically in accordance with on December 19, 2024.
Syariah
Syariah
the applicable regulations and provisions in
Indonesia.
PTPT Bank
Bank BTPN
BTPN
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The Board of Commissioners charter include:
1 organization Regulates the following:
1. Organizational Structure
2. Membership Requirements
3. Concurrent Service of Office and Prohibitions towards the Board of
Commissioners
4. Changes in the Composition of the Board of Commissioners,
including: nomination and appointment, replacement, reappointment,
replacement or dismissal before the end of the term, replacement
or dismissal of Board of Commissioners members before the
expiration of their term, replacement or dismissal of Independent
Commissioners, resignation, as well as discharge or release from
duties and responsibilities (acquit et de charge).
2 duties, responsibilities, and Regulates the Duties and Responsibilities of the Board of Commissioners
Authorities of the Board of
Commissioners
3. Independent Commissioner Regulates, among other things, the criteria for Independent
Commissioners, term of office, and other matters in accordance with
OJK regulations.
4 function of Regulates the role/function of the President Commissioner.
President Commissioner
5 regulation of the authority and Regulates the authorities that may be implemented by the Board of
decision-making procedures of the Commissioners.
Board of Commissioners.
6 establishment of the Committees Regulates the committees that may be established by the Board of
Commissioners to assist and support the implementation of the Board
of Commissioners’ duties and responsibilities.
7 ethical values of the board of Regulates:
commissioners and prohibitions
for the Board of Commissioners
1. Conflict of Interest
2. Corporate Opportunities and Prohibitions for the Board of
Commissioners
3. Confidentiality
4. Fair Transactions and Prohibitions for the Board of Commissioners
5. Compliance with Laws, Regulations, and Legislation
6. Reporting of Illegal or Unethical Conduct
7. Compliance Procedures
8. Transparency/Disclosure
8 meetings Regulates the conduct of Board of Commissioners meetings.
9 accountability of the Regulates the limitations of the responsibilities of the Board of
Board of Commissioners Commissioners
10 training Regulates the training required for the Board of Commissioners
11 performance evaluation of the Regulates the assessment of the performance of the Board of
Board of Commissioners Commissioners
PT Bank BTPN Syariah Tbk
12 working relationship pattern Regulates the guidelines for supervision and providing advice to the
between the Board of Board of Directors, as well as the implementation mechanism
Commissioners and the Board of
Directors
13 authority of the financial services Regulates the authority of the Financial Services Authority (OJK)
authority (OJK) over the Board of Commissioners, starting from the approval of
appointments to dismissal or replacement, which may be conveyed
through a written order from OJK.
14 others Regulates the obligation to conduct an annual review of the Board of
Directors’ Charter and Code of Conduct in the Bank.
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duties and responsibilities of a. The provision of funds to related parties
in accordance with the provisions of the
the Board of Commissioners Financial Services Authority Regulation
(POJK) concerning the maximum limit
The duties, responsibilities, and authorities of the on fund distribution and large fund
Board of Commissioners, as outlined in the latest distribution for Sharia Commercial Banks
BTPN Syariah Board of Commissioners Charter, or in amounts exceeding the limits that
include the following: may be determined from time to time by
1. The Board of Commissioners obliged the Board of Commissioners; and
to ensure the implementation of Good b. Other matters stipulated in the Bank’s
Corporate Governance (“GCG”) in every Bank Articles of Association or applicable laws
business at all levels of the organization, and regulations.
including but not limited to integrated
governance within the financial conglomerate. 6. Decision-making by the Board of
Commissioners is part of its supervisory
2. The Board of Commissioners is tasked with duties and does not eliminate the Board of
supervising in the interests of the Bank over Directors’ responsibility for the management
the policies and course of management by of the Bank.
the Board of Directors, providing advice to
the Board of Directors, and being accountable 7. Supervision of Internal and External Audit
for such supervision, in accordance with the Functions:
Bank’s objectives as set out in applicable laws a. The Board of Commissioners shall
and regulations, the Articles of Association, supervise the follow-up actions taken
and resolutions of the GMS. by the Board of Directors regarding
audit findings or examinations and
3. The Board of Commissioners obliged to recommendations from the Bank’s Internal
oversee the implementation of policies Audit Unit, external auditors, the Financial
and internal control procedures related Services Authority (OJK), and/or other
to the Bank’s financial reporting process regulatory authorities and institutions.
and must carry out its duties, authorities, b. The Board of Commissioners shall approve
and responsibilities in good faith and the appointment and dismissal of the
with prudence. The results of the Board Head of the Internal Audit (SKAI) as
of Commissioners’ supervision must be proposed by the Board of Directors, taking
documented in a business plan supervision into account the recommendations of the
report in accordance with Financial Services Audit Committee.
Authority regulations on bank business plans. c. The Board of Commissioners shall
evaluate the effectiveness of the Internal
4. In carrying out its supervisory role, the Audit function.
Board of Commissioners obliged to direct, d. In supervising the implementation of
monitor, and evaluate the implementation of the internal audit function, the Board of
corporate governance, risk management, and Commissioners shall:
compliance on an integrated basis, as well as 1) Ensure that the Board of Directors
the Bank’s strategic policies, in accordance establishes and maintains an
with applicable laws and regulations, the adequate, effective, and efficient
Articles of Association, and GMS resolutions. internal control system;
To fulfill these duties and responsibilities, 2) Assess the effectiveness and efficiency
the Board of Commissioners may request of the internal control system based on
necessary data and information from the information obtained from the Internal
Tbk
Board of Directors. Audit at least once a year; and
Tbk
Syariah
3) Appoint an independent external
Syariah
5. In carrying out its supervisory duties, the quality assurance party to conduct
Board of Commissioners is prohibited from a review of the Internal Audit
BTPN
participating in decision-making regarding performance, considering the
BTPN
the Bank’s operational activities, except in the recommendations of the Audit
Bank
following cases: Committee.
Bank
PTPT
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e. Supervision of the external review of 12. Implementation of Risk Management the
Sharia Governance implementation, the Board of Commissioners shall, at a minimum:
Board of Commissioners will: a. Ensure that risk management
1) Grant approval by taking into account implementation includes country risk
the recommendations of the Audit and transfer risk in accordance with
Committee regarding the appointment the Financial Services Authority (OJK)
of a public accountant and/or public regulations on risk management
accounting firm to conduct an external implementation for commercial banks and
review of Sharia Governance. Sharia commercial banks and business
2) The external review shall be conducted units, by conducting at least the following:
by a public accountant and/or a public 1) Evaluating the strategies and policies
accounting firm registered with the related to country risk and transfer risk
Financial Services Authority (OJK) established by the Board of Directors;
periodically, at least once every three 2) Evaluating the Board of Directors’
(3) years, covering the period from July accountability and providing corrective
to June of the third subsequent year. guidance on the implementation of
policies related to country risk and
f. The Board of Commissioners transfer risk on a regular basis;
communicates with the internal audit 3) Through the Risk Monitoring
function of the parent company to ensure Committee, supervising the Bank’s
that the parent company’s internal audit implementation of risk management
function establishes the audit scope and related to country risk and transfer
conducts internal audit activities with risk, including conducting evaluations
adequate coverage for the Bank. and stress testing.
8. The Board of Commissioners must notify the b. Approve the Bank’s risk management
OJK no later than five (5) working days after policies and evaluations;
discovering: c. Evaluate the Board of Directors’
a. Violations of laws and regulations in the responsibility in implementing risk
fields of finance, banking, or other areas management policies;
related to the Bank’s business activities; d. Assess and decide on requests from the
and Board of Directors regarding transactions
b. Any situation or anticipated situation that require approval from the Board of
that may endanger the Bank’s business Commissioners;
continuity. e. Actively oversee the management of
non-performing assets, provisioning,
9. The Board of Commissioners must propose and reserves conducted by the Bank in
candidates for the Sharia Supervisory Board managing credit risk.
(“DPS”) to the Board of Directors, taking
into account the recommendations of the 13. Active Supervision of the Bank’s Compliance
Nomination and Remuneration Committee. Function the Board of Commissioners shall:
The proposed candidates must then obtain a. Evaluate the implementation of the Bank’s
a recommendation from the Indonesian Compliance Function at least twice a year;
Ulema Council and approval from OJK. The b. Provide recommendations to enhance the
GMS may delegate authority to the Board of quality of the Bank’s Compliance Function.
Commissioners to appoint DPS members. Based on the evaluation, the Board of
Commissioners will provide advice to
10. The Board of Commissioners must allocate the President Director, with a copy to
sufficient time to effectively carry out their the Director overseeing the Compliance
PT Bank BTPN Syariah Tbk
duties and responsibilities in accordance with Function, to improve the quality of the
the charter. Compliance Function.
11. The Board of Commissioners must maintain 14. Supervision of Risk Management in the Use
the confidentiality of all data and information of Information Technology, the Board of
related to the Bank as provided by the Board Commissioners shall:
of Directors. a. Provide guidance, monitor, and evaluate
the Bank’s strategic plans and policies
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regarding the use of Information least twice a year, including monitoring the
Technology; implementation of Banking Synergy;
b. Evaluate the Board of Directors’ The fulfillment of duties and
responsibility in implementing the use of responsibilities of the Independent
Information Technology. Commissioner serving on the Integrated
Governance Committee shall be
15. Approval of the Bank’s Key Policies the Board in accordance with the Integrated
of Commissioners shall approve the Bank’s Governance Committee’s Guidelines and
key policies in accordance with the policy Code of Conduct, which are updated from
hierarchy and other specific policies, which time to time;
include but are not limited to: c. Supervise the Bank’s compliance in
a. Financing Policy; preparing, revising, and/or implementing
b. Policy and procedures for the corrective actions based on the
implementation of Anti-Money Laundering assessment of the synergy plan;
and Counter-Terrorism Financing; d. Evaluate the synergy plan, its revisions,
c. Risk Management Policy; and/or updates as prepared by the Board
d. Compliance Policy; of Directors;
e. Any other policies that may be required e. Approve the synergy plan, including any
by the applicable regulations of Bank revisions and/or updates prepared by the
Indonesia, the Financial Services Authority Board of Directors;
(OJK), and other relevant authorities. f. Supervise the implementation of the
synergy plan to address potential
16. Supervision of the Implementation of the obstacles in its execution.
Bank’s Business Plan, Corporate Plan, and
Sustainable Finance Action Plan (“ the Bank’s 18. Supervision of the Resolution Plan and
Plan”), The Board of Commissioners shall: Recovery Plan, the Board of Commissioners
a. Monitor the Bank’s compliance with its shall:
obligation to prepare and improve the a. Supervise the Bank’s compliance in
Bank’s Plan and/or take corrective actions; preparing, revising, and/or implementing
b. Evaluate the Bank’s Plan and its corrective actions based on the results of
improvements and/or updates to the resolvability testing;
Bank’s Plan that have been prepared by b. Evaluate the resolution plan, its revisions,
the Board of Directors; and/or updates as prepared by the Board
c. Provide approval for the Bank’s Plan, of Directors;
improvements, and/or updates to the c. Approve the resolution plan, including any
Bank’s Plan prepared by the Board of revisions and/or updates;
Directors; d. Supervise the implementation of the
d. Supervise the implementation of the resolution plan to address potential
Bank’s Plan to address potential obstacles obstacles in executing resolution action
to its execution and submit a Monitoring options.
Report in accordance with applicable
regulations. function of President Commissioner
17. Supervision of the Implementation of Banking The primary function of the President
Synergy within the Scope of Financial Commissioner of BTPN Syariah, in accordance
Conglomeration and Subsidiaries, the Board with the latest Board of Commissioners’
Guidelines and Code of Conduct, is as follows:
of Commissioners shall:
a. Provide recommendations on the a. Each member of the Board of
Tbk
appointment and/or replacement of an Commissioners, including the President
Tbk
Syariah
Independent Commissioner to serve as Commissioner, holds an equal position;
Syariah
a member of the Integrated Governance b. The role of the President Commissioner as
Committee established by the Parent primus inter pares (first among equals) is
BTPN
Entity; to coordinate the activities of the Board
BTPN
b. Receive periodic reports on the of Commissioners and ensure that each
Bank
implementation of the duties of the member can express their opinions based
Bank
Integrated Governance Committee at on sufficient information;
PTPT
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annual report 2024 | good corporate governance
c. The GMS is chaired by a member of an Extraordinary General Meeting of
the Board of Commissioners appointed Shareholders (EGMS) to decide whether
by the Board of Commissioners. In the the dismissed Board member will be
event that all members of the Board of permanently removed or reinstated. In the
Commissioners are absent or unable EGMS, the temporarily dismissed Board
to attend, the GMS shall be chaired by member must be given the opportunity to
a member of the Board of Directors be present and defend themselves.
designated by the Board of Directors.
Other provisions shall refer to the composition and criteria of the Board
Company’s Articles of Association. of Commissioners
rights and authorities of the Board of organizational structure
Commissioners
As stated in the Charter for the Board
To carry out its duties and responsibilities, the of Commissioners of BTPN Syariah, the
Board of Commissioners has the following organization outlines the composition
authorities: and criteria for members of the Board of
Commissioners as follows:
a. The Board of Commissioners is authorized
to request explanations from the Board of
Directors regarding any matters related to
membership structure
the Bank as deemed necessary;
Individuals eligible to serve as members of
b. The Board of Commissioners has the the Board of Commissioners must meet the
authority to access and request Bank following criteria at the time of appointment and
documents, data, and information that throughout their tenure:
are considered necessary;
c. In the event that the Board of 1. The number of members of the Board of
Commissioners believes that an Commissioners is at least 3 (three) people
independent review of a significant and at most the same as the number of
issue within the Bank, the Board of members of the Board of Directors;
Commissioners has the right to request 2. At least one (1) member of the Board of
the Board of Directors to appoint an Commissioners must be living in Indonesia;
independent party under terms and 3. The Board of Commissioners is led by the
conditions determined by the Board of President Commissioner;
Commissioners; 4. Members of the Board of Commissioners
d. Based on a decision made in a Board comprise both Independent Commissioners
of Commissioners Meeting, the Board and Non-Independent Commissioners;
of Commissioners has the right to 5. At least 50% (fifty percent) of the Board
temporarily dismiss one or more members of Commissioners must be Independent
of the Board of Directors if such Commissioners;
members act in violation of the Articles of 6. The Board of Commissioners must include
Association and/or applicable regulations, members with expertise in macroeconomics,
harm the company’s objectives and banking and Sharia finance, law, accounting,
interests, or neglect their duties. In this and auditing.
case, the Board of Commissioners may
seek assistance from the Audit Committee Commissioner membership requirements
or other third parties to provide
suggestions and input to the Board of 1. Individuals eligible to become members of
Commissioners; the Board of Commissioners must meet
e. The temporary dismissal must be the following requirements at the time of
PT Bank BTPN Syariah Tbk
accompanied by a written explanation and appointment and throughout their tenure:
communicated to the respective member a. Possess good character, morals, and
of the Board of Directors; integrity.
f. Within 90 (ninety) days following the
temporary dismissal, the Board of b. Be legally competent to perform legal
Commissioners is required to convene actions.
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c. Within five years prior to appointment and 3. Each member of the Board of Commissioners
during their tenure: must meet the requirement of having passed
Have never been declared bankrupt. the fit and proper assessment in accordance
1) Have never served as a member of the with OJK/BI regulations on the fit and proper
Board of Directors and/or Board of test.
Commissioners found guilty of causing
a company to be declared bankrupt. 4. Mayoritas anggota Dewan Komisaris dilarang
2) Have never been convicted of a criminal saling memiliki hubungan keluarga sampai
offense that caused financial losses dengan derajat kedua dengan sesama
to the state and/or was related to the anggota Dewan Komisaris, Dewan Pengawas
financial sector, and Syariah dan/atau anggota Direksi;
3) Have never served as a member of
the Board of Directors and/or Board policy on concurrent positions
of Commissioners who, during their and prohibitions for the Board of
tenure:
Commissioners
i. Failed to hold an Annual General
Meeting of Shareholders (“AGMS”); 1. Members of the Board of Commissioners are
ii. Had their accountability as a prohibited from holding concurrent positions:
member of the Board of Directors a. As a member of the Board of Directors,
and/or Board of Commissioners Board of Commissioners, Sharia
rejected by the AGMS or failed to Supervisory Board, or Executive Officer in
present their accountability report a financial institution or company, whether
to the AGMS; and a bank or a non-bank financial institution.
iii. Caused a company that had b. As a member of the Board of Directors,
obtained a license, approval, or Board of Commissioners, Sharia
registration from the Financial Supervisory Board, or Executive Officer
Services Authority (OJK) to fail in in more than one (1) non-financial
fulfilling its obligation to submit institution or company, whether domiciled
an annual report and/or financial domestically or abroad.
statements to OJK. c. In a functional role within a banking or
non-banking financial institution, whether
d. Have a commitment to comply with domiciled domestically or abroad.
applicable laws and regulations. d. In any other position that may create a
conflict of interest in carrying out duties as
e. Possess knowledge and/or expertise in a member of the Board of Commissioners.
fields required by the Issuer or Public e. In any other position as stipulated by
Company. applicable laws and regulations.
The fulfillment of the aforementioned 2. The following are not considered dual
requirements must be stated in a declaration positions as referred to in point number 1
letter and submitted to the Bank. above:
a. A member of the Board of Commissioners
The Bank is required to hold a GMS to replace serving as a member of the Board of
any member of the Board of Commissioners Directors, Board of Commissioners,
who does not meet the specified or Executive Officer responsible for
requirements. supervisory functions in one (1) non-bank
subsidiary controlled by the Bank.
2. Every proposal for the replacement and/or b. A Non-Independent Commissioner
Tbk
appointment of a member of the Board of carrying out functional duties on behalf of
Tbk
Syariah
Commissioners to the General Meeting of a legal entity shareholder within the Bank’s
Syariah
Shareholders (GMS) must take into account business group.
the recommendation of the Nomination and
BTPN
Remuneration Committee (NRC).
Bank
PTPT BTPN
Bank
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c. A member of the Board of Commissioners 5. Members of the Board of Commissioners
holding a position in a non-profit must be individuals who meet the approval
organization or institution. requirements of the Financial Services
Authority (OJK) and, while in office, must
As long as such roles do not cause the possess:
individual to neglect their duties and a. Integrity;
responsibilities as a member of the Board of b. Competence; and
Commissioners. c. A good reputation.
3. Duties in positions and functions as referred composition of the Board of
to in point 2.c may be carried out as long Commissioners
as the individual does not neglect the
execution of their duties and responsibilities Throughout 2024, there were no changes in the
as a member of the Bank’s Board of composition of the Board of Commissioners.
Commissioners. Therefore, the composition remains the same as
that elected in 2023, with a term of office lasting
4. Prospective members of the Board of until the conclusion of the Annual GMS to be held
Commissioners who hold positions as in 2026, without prejudice to any changes that
referred to in point 2 are required to make a may occur before the end of the term.
declaration to:
a. Maintain integrity; As of December 31, 2024, the Board of
b. Avoid all forms of conflicts of interest; and Commissioners of BTPN Syariah consists of four
c. Avoid actions that could harm the (4) members, three (3) of whom are Independent
Bank and/or cause the Bank to violate Commissioners. All members of the Board of
prudential principles while serving as a Commissioners of BTPN Syariah have met the
member of the Board of Commissioners. requirements regarding number, composition,
criteria, and independence in accordance with
applicable regulations.
composition of the board of Commissioners as of december 31, 2024
approval of the financial
no name position term of office
services authority
1 Kemal Azis Stamboel President Commissioner/ February 24, 2014 May 22, 2014
Independent (KEP-8/D-03/2014)
2 Mulya Effendi Siregar Independent April 17, 2023 April 17, 2023
Commissioner (KEPR-19/D.03/2023)
3 Dewie Pelitawati Independent February 24, 2014 May 22, 2014
Commissioner (KEP-9/D-03/2014)
4 Ongki Wanadjati Dana Commissioner 25 Agustus 2022 October 13, 2022
(KEP-129/D-03/2022)
All members of the Board of Commissioners of BTPN Syariah have met the requirements as members
of the Board of Commissioners in accordance with the applicable laws and regulations, including
the Financial Services Authority Regulation on the Implementation of Governance for Commercial
Banks, the Financial Services Authority Regulation on Sharia Commercial Banks, the Financial Services
Authority Regulation on the Fit and Proper Test for the Key Parties of Financial Services Institutions, as
PT Bank BTPN Syariah Tbk
well as taking into account the Financial Services Authority Regulation regarding the Board of Directors
and Board of Commissioners for Issuers or Public Companies.
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term of office of the Board of Commissioners
In accordance with the Articles of Association of BTPN Syariah, members of the Board of
Commissioners are appointed by the General Meeting of Shareholders for a term of three years and
can be reappointed.
the term of office of the Board of Commissioners members as of december 31, 2024
no name position term of office
1 Kemal Azis Stamboel President Commissioner/Independent 2023 - 2026
2 Mulya Effendi Siregar Independent Commissioner 2023 - 2026
3 Dewie Pelitawati Independent Commissioner 2023 - 2026
4 Ongki Wanadjati Dana Commissioner 2023 - 2026
independence of commissioners serve recent Controlling Shareholder, or any other
as independent commissioners relationship with the Bank that may affect
their ability to act independently.
The purpose of the presence of Independent
Commissioners at BTPN Syariah aligns with OJK
regulations, which are intended to foster a more 2. Independent Commissioners, as referred to
objective work climate and environment, ensuring in point 1, must constitute at least 50% (fifty
fairness and equality among various interests, percent) of the total members of the Board of
including those of minority shareholders and Commissioners.
other stakeholders.
3. The Independent Commissioner candidate
BTPN Syariah has complied with the regulations must meet the following requirements:
concerning Independent Commissioners, who a. Not a person who has worked or has
must not have financial, managerial, share authority and responsibility to plan, lead,
ownership, and/or family relationships with control, or supervise the Bank’s activities
controlling shareholders, other members of within the last 1 (one) year, except for
the Board of Commissioners, and/or the Board reappointment as an Independent
of Directors, nor financial or share ownership Commissioner for the subsequent period;
relationships with the Bank that could affect
their ability to act independently. This compliance
is in accordance with the Financial Services b. Does not hold shares, either directly or
Authority Regulation (POJK) Number 16/ indirectly, in the Bank;
POJK.03/2022 on Sharia Commercial Banks,
which governs the number of independent c. Does not have an affiliate relationship
commissioners in banks, as well as POJK with the Bank, members of the Board of
Number 17 of 2023 on Corporate Governance Commissioners, members of the Board
for Commercial Banks and other applicable of Directors, or the Bank’s majority
regulations. shareholders;
The independence of the Board of
Commissioners at BTPN Syariah, as outlined d. Does not have a direct or indirect
in the Board of Commissioners’ Guidelines and relationship related to the Bank’s
Code of Conduct, includes: activities;
Tbk
1. An Independent Commissioner is a member e. Possesses adequate and relevant banking
Tbk
Syariah
of the Board of Commissioners who does not knowledge related to the role of an
Syariah
have financial, managerial, share ownership, Independent Commissioner;
and/or family relationships with members
BTPN
of the Board of Directors, other members of f. Has experience in the banking and/or
BTPN
the Board of Commissioners, members of the financial sectors;
Bank
Sharia Supervisory Board, and/or the most
Bank
PTPT
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annual report 2024 | good corporate governance
g. Cooling-Off Period for Independent 5. An Independent Commissioner who has
Commissioner Candidates from the served for two (2) consecutive terms may
Following Backgrounds: be reappointed for the next term as an
1) Former members of the Board of Independent Commissioner by considering the
Directors, Executive Officers of the following:
Bank, or individuals with relationships a. The results of the Independent
with the Bank that may affect their Commissioner’s performance evaluation;
ability to act independently must b. The assessment from the Board of
observe a minimum cooling-off period Commissioners’ meeting confirming that
of 1 (one) year before becoming an the Independent Commissioner remains
Independent Commissioner at the capable of acting independently;
Bank; c. The evaluation conducted by the Head of
2) Former President Directors of the Bank the Internal Audit Unit and the Executive
in question, as well as former members Officer responsible for the human
of the Board of Directors responsible resources function, confirming that the
for supervisory functions or Executive Independent Commissioner remains
Officers performing supervisory capable of acting independently; and
functions at the Bank in question, must d. A statement by the Independent
observe a minimum cooling-off period Commissioner regarding their
of 6 (six) months before becoming independence, presented at the General
an Independent Commissioner at the Meeting of Shareholders (GMS).
Bank;
3) Non-Independent Commissioners of 6. The statement of independence of the
the Bank transitioning to Independent Independent Commissioner must be disclosed
Commissioners at the Bank or within in the annual report.
the Bank’s business group must meet
the qualifications for an Independent 7. If an Independent Commissioner serves
Commissioner and observe a minimum on the Audit Committee, they may only be
cooling-off period of 1 (one) year. reappointed for one (1) additional term on the
Audit Committee.
h. The candidate must disclose any conflicts
of interest during the fit and proper 8. Independent parties of the Company who
assessment process (in the event of a have served for more than two (2) terms may
conflict of interest or potential conflict be reappointed under special circumstances,
of interest involving the candidate for provided that they continue to declare
Independent Commissioner or Non- their independence. This declaration must
Independent Commissioner related to the be stated in a separate independence
Bank in connection with their nomination statement letter as a fulfillment of specific
at the Bank). requirements, particularly those related to the
establishment of the Audit Committee for a
i. In terms of the assessment of the public company, and must be included in the
Financial Services Authority, if there is a Company’s Annual Report.
conflict of interest or potential conflict
of interest involving the candidate for The members of the Board of Commissioners
Independent Commissioner or Non- at BTPN Syariah who serve as Independent
Independent Commissioner related to the Commissioners have met the independence
Bank in connection with their nomination, requirements, as evidenced by the absence of
the Financial Services Authority has the financial, managerial, share ownership, and/or
authority to determine and implement the family relationships with other members of the
PT Bank BTPN Syariah Tbk
necessary supervisory actions. Board of Commissioners, members of the Board
of Directors, and/or the Controlling Shareholder,
4. An Independent Commissioner serves for or any other relationships that could naturally
a specified term and may be reappointed affect their ability to act independently.
upon approval from the General Meeting of
Shareholders (GMS), for a maximum of two
(2) consecutive terms.
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Independent Commissioners who have served on the Audit Committee for more than two terms have
declared their continued independence, which has been formally stated in an Independence Declaration
Letter, and the related documentation has been properly managed.
All Independent Commissioners at BTPN Syariah are not former members of the Board of Directors,
Executive Officers of the Bank, or individuals with relationships with the Bank that could affect their
ability to act independently.
implementation of the independence aspect of the Independent Commissioner
Independent Commissioner
independence aspect
Kemal Azis Mulya Effendi
Dewie Pelitawati
Stamboel Siregar
Does not own shares, either directly or indirectly, to
√ √ √
the Bank.
Does not have any business relations, either directly
√ √ √
or indirectly, related to the Bank’s business activities.
Does not hold concurrent positions as a Director or an
√ √ √
Executive Officer performing supervisory functions.
Have no a family relationship up to the second degree
with fellow members of the Board of Commissioners
√ √ √
and/or the Board of Directors and/or the Controlling
Shareholder, or any relations with the Bank.
diversity of the Board of Commissioners
The composition of the Board of Commissioners is determined by considering the complexity and needs
of the Bank. It is based on banking knowledge, expertise, professional experience, and background to
support the effectiveness of the Board of Commissioners’ duties, without discrimination based on
gender, ethnicity, race, or religion.
The diversity of the Board of Commissioners at BTPN Syariah includes a total of four (4) members,
consisting of one (1) female Commissioner and three (3) male Commissioners. Additionally, three (3)
members of the Board of Commissioners serve as Independent Commissioners.
All members of the Board of Commissioners at BTPN Syariah meet the required number, composition,
criteria, and independence standards in accordance with applicable regulations.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | good corporate governance
characteristics of the Board of Commissioners’ diversity
no diversity aspects realization
1 Nationality Indonesian
2 Education a. Psychology
b. Master’s degree in Business Management
c. Field in Legal Studies
d. Master’s degree in Law
e. Engineering
f. Master’s degree in Science
g. Doctorate in Philosophy
h. Business Administration
i. Master’s degree in Financial Management and Mathematics
j. Knowledgeable in Sharia Banking and Finance regulations as well as Capital
Markets
k. Knowledgeable in Human Resources, Financial Planning, Accounting, Risk
Management—including risk strategy formulation and the development of
modern risk management—Compliance, Audit, Treasury, Corporate Banking,
Information Technology, Retail & Wholesale Banking, Consumer Services,
Science, and Business Strategy Planning, including consolidated strategy
within financial conglomerates and corporate action strategies.
3 Certifications a. Qualification Level 6 in Banking Risk Management
b. Qualification Level 7 in Banking Risk Management
c. Basic Certification in Sharia Banking
4 Work Experience a. Member of the House of Representatives – Commission I and XI
b. Chairman of the Audit Committee at a National-Scale Company
c. President Commissioner at a National-Scale Islamic Bank
d. Deputy Commissioner of the Financial Services Authority (Otoritas Jasa
Keuangan)
e. Assistant Governor of Bank Indonesia
f. Head of the Islamic Banking Directorate at Bank Indonesia
g. Member of the National Information and Communication Technology Council
h. Corporate Legal, Governance, Compliance, Corporate Secretary, Risk
Management
i. Law Firm Partner
j. Indonesia Bank Restructuring Agency (IBRA)
k. President Director at a National-Scale Banking
l. Deputy Chief Finance Officer at a National-Scale Banking
m. Executive Officer at an International-Scale Bank overseeing Corporate
Planning, Corporate Performance, General Affairs, Credit Risk, Market Risk,
Operational Risk, Financial Planning and Performance, Credit Analysis, and the
establishment of a Risk Management Unit
n. Member of the Board of Commissioners and serving as a member of the Risk
Monitoring Committee and Corporate Governance Committee at a National-
Scale Banking that is the Parent Entity of BTPN Syariah
5 Gender 1 female member of the Board of Commissioners
3 male members of the Board of Commissioners
PT Bank BTPN Syariah Tbk
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affiliated relations
familly relationship with financial relations with
term of
no name position
office Board of Board of Controlling Board of Board of Controlling
Commissioners Directors Shareholders Commissioners Directors Shareholders
1 Kemal Azis President 2014 - None None None None None None
Stamboel Commissioner/ present
Independent
2 Mulya Independent 2023 - None None None None None None
Effendi Commissioner present
Siregar
3 Dewie Independent 2014 - None None None None None None
Pelitawati Commissioner present
4 Ongki Commissioner 2022 - None None None None None Yes*
Wanadjati present
Dana
*In relation to his position as a Member of the Board of Commissioners at PT Bank SMBC Indonesia Tbk, which is the Controlling Shareholder of BTPN Syariah.
disclosure of concurrent positions of the Board of Commissioners’ Members
Regarding the disclosure of concurrent positions until December 31, 2024, the Board of Commissioners
at BTPN Syariah did not hold concurrent positions as members of the Board of Commissioners, Board
of Directors and Executive Officers in banking institutions, companies or other institutions beyond the
maximum limit permitted in accordance with the provision.
disclosure of concurrent positions of the Board of Commissioners as of december 31, 2024:
no name position company name year
1 Kemal Azis Stamboel Member of the Board of Trustees WWF Indonesia 1999 – present
President Commissioner PT Digital Solusi Pratama 2019 – present
Member of the Board of Trustees Universitas Padjajaran 2020 - 2025
Council
2 Mulya Effendi Siregar Expert Staff to the Board of Lembaga Pengembangan 2022 - present
Directors Perbankan Indonesia
(LPPI)
Independent Commissioner PT Delameta Bilano 2022 - present
3 Dewie Pelitawati Member of the Audit Committee Universitas Padjajaran 2021 - 2025
4 Ongki Wanadjati Dana Member of the Board of PT Bank SMBCI Tbk 2022 - present
Commissioners
Independent Commissioner PT Nusantara Sejahtera 2023 – 2028
Raya Tbk (Cinema XXI)
changes in the composition of the Board of Commissioners
Tbk
Tbk
The Board of Commissioners Charter at BTPN Syariah regulate changes in the composition of
Syariah
the Board of Commissioners. These regulations cover various aspects, including Nomination and
Syariah
Appointment, Replacement, Reappointment, Replacement or Dismissal Before the End of the Term,
Replacement or Dismissal of Board of Commissioners Members and/or Independent Commissioners,
BTPN
BTPN
and Resignation.
PTPT Bank
Bank
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nomination and appointment a. Non-Independent Commissioner
may transition to an Independent
The Board of Commissioners Charter at BTPN
Commissioner within the Bank or its
Syariah regulate that an individual may be
nominated and appointed as a member of the business group, provided they meet
Bank’s Board of Commissioners if they meet the the requirements for an Independent
applicable legal and regulatory requirements, Commissioner.
including fulfilling all membership eligibility b. Non-Independent Commissioner
criteria. transitioning to an Independent
Commissioner, as stated in point (a), must
replacement undergo a cooling-off period of at least
one (1) year.
1. The GMS has the right to replace members c. The transition from Non-Independent
of the Board of Commissioners whose Commissioner to Independent
terms have not yet expired or who have Commissioner must obtain approval from
resigned before the end of their tenure. Any the Financial Services Authority (Otoritas
proposal for the replacement or appointment Jasa Keuangan - OJK) through a fit and
of a Board of Commissioners member proper assessment, in accordance with
submitted to the GMS must consider the OJK regulations.
recommendation of the Nomination and
Remuneration Committee, in accordance with reappointment
the membership criteria outlined in the Board
of Commissioners Charter. 1. Members of the Board of Commissioners
are appointed for a three (3)-year term
2. Any committee member responsible for and may be reappointed. However, the
nomination functions who has a conflict of GMS determines the effective date of the
interest regarding the recommended proposal appointment and/or dismissal.
must disclose it within the submitted
recommendation. The term of office for a Board of
Commissioners member appointed to
3. The replacement and/or appointment of replace a member who has resigned or been
Board of Commissioners members prioritizes dismissed, to fill a vacancy, or to increase the
professional composition, independence, number of serving members, shall be equal to
competency alignment, and necessary the remaining term of the previous member
diversity to effectively fulfill the Board’s who resigned, was dismissed, or caused the
duties and responsibilities. The dismissal or vacancy, or the remaining term of the other
appointment of Board of Commissioners serving members.
members must uphold the best interests of
the Bank. 2. Every proposal for the replacement and/or
appointment of a Board of Commissioners
4. The Bank establishes in its Articles of member submitted to the GMS must take
Association the criteria, mechanisms, into account the recommendation of the
and procedures for the appointment, Nomination and Remuneration Committee.
replacement, dismissal, and/or resignation of
Board of Commissioners members, including 3. Any committee member performing the
their authority, in accordance with prevailing nomination function who has a conflict of
regulations. interest with the proposed recommendation
must disclose such conflict in the
5. The Bank is required to convene a GMS to recommended proposal.
replace Board of Commissioners members
PT Bank BTPN Syariah Tbk
who do not meet the requirements as 4. The replacement and/or appointment of
stipulated by applicable regulations. members of the Board of Commissioners
prioritizes a professional composition,
6. Transition from Non-Independent independence, competency alignment, and
Commissioner to Independent Commissioner: considers the necessary diversity to effectively
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carry out the duties and responsibilities of 2. No longer meets the legal requirements
the Board of Commissioners. The dismissal to serve as a member of the Board of
or appointment of Board members must Commissioners;
prioritize the best interests of the Bank. 3. Passes away;
4. Dismissed by the GMS based on other
5. The Bank stipulates in its Articles of reasons or considerations;
Association the criteria, mechanisms, 5. Declared bankrupt by a court decision or
and procedures for the appointment, placed under legal guardianship based on a
replacement, dismissal, and/or resignation court ruling.
of members of the Board of Commissioners,
including the authority vested in the Board of A member of the Board of Commissioners
Commissioners in accordance with applicable who is declared bankrupt is deemed to have
laws and regulations. an unsatisfactory financial reputation and,
therefore, no longer meets the requirements
6. In cases where it is necessary or under to serve as a member of the Board of
specific conditions that require a Board of Commissioners if the Bank.
Commissioners member to be appointed
for more than two terms, the Nomination A member of the Board of Commissioners who
and Remuneration Committee must provide is dismissed for reasons stated in points 2, 4,
reasons and considerations for such a decision and 5 shall be given the opportunity to defend
to the Board of Commissioners, which will themselves before the GMS makes a decision
then be presented at the GMS. regarding their dismissal.
7. The tenure of the Board of Commissioners However, a defense is not required if the
shall automatically terminate if a member of concerned member accepts their dismissal.
the Board of Commissioners:
a. Resigns; The dismissal becomes effective as of:
b. No longer meets the legal requirements in 1. The date the GMS is concluded;
force; 2. Another date specified in the GMS;
c. Passes away; 3. Another date determined by applicable laws
d. Is dismissed based on a GMS decision; and regulations.
e. Is declared bankrupt or placed under
guardianship by a court ruling. the replacement and dismissal of members
of the Board of Commissioners (before the
replacement and dismissal before the end of end of their term of office) must take into
term account at least the following:
Members of the Board of Commissioners may 1. The member of the Board of Commissioners
be dismissed at any time based on a resolution is deemed incapable of carrying out their
of the GMS by stating the reasons for their duties and responsibilities in managing and
dismissal. implementing the Bank’s sound strategy.
2. The dismissal or replacement of a member
The reasons for dismissal may include: of the Board of Commissioners is not based
1. Resignation on the subjective assessment of shareholders
A member of the Board of Commissioners has but rather on an objective evaluation related
the right to resign from their position before to the Bank’s management.
the end of their term by submitting a written 3. The dismissal or replacement of a member of
notification to the Bank. the Board of Commissioners has undergone
Tbk
The Bank is required to hold a GMS to decide proper planning and applicable mechanisms,
Tbk
Syariah
on the resignation request of the Board of taking into account at least the assessment
Syariah
Commissioners member within a maximum of the nomination committee and has been
period of 90 (ninety) days after receiving the scheduled in the GMS.
BTPN
resignation letter from the concerned Board
BTPN
of Commissioners member.
PTPT Bank
Bank
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annual report 2024 | good corporate governance
4. The dismissal or replacement of a member of resignation
the Board of Commissioners must not cause
organizational or business disruptions to the 1. A member of the Board of Commissioners
Bank. may resign from their position before the
5. The process of dismissal or replacement of a end of their term by submitting a written
member of the Board of Commissioners must notification of their intention to the Bank.
prioritize effective communication among all 2. In case a member of the Board of
relevant parties. Commissioners resigns, the respective
6. The process must be carried out with due Commissioner must submit a formal
regard to the principles of Good Corporate resignation request to the Bank.
Governance and prudential banking practices. 3. If the resignation of a Board of
Commissioners member results in the
replacement and dismissal of independent number of Commissioners falling below three
Commissioners (before the end of the term (3), the resignation shall only be valid if it
of office) has been approved by the GMS and a new
Commissioner has been appointed to meet
1. Obliged to obtain approval from the Financial the minimum number of Board members as
Services Authority (OJK) before being decided stipulated in the Articles of Association.
in the GMS. 4. The Bank is required to convene a GMS to
decide on the resignation request of a Board
2. In granting approval, OJK conducts an of Commissioners member no later than 90
assessment of the feasibility of the planned (ninety) days after receiving the resignation
dismissal or replacement of the Independent letter from the respective Commissioner,
Commissioner. without prejudice to the prevailing laws and
regulations, including those related to Capital
3. In the process of dismissal or replacement Markets.
as referred to above, the Bank must submit 5. A Board of Commissioners member must
an application to OJK no later than one submit their resignation if they are involved
(1) month before the scheduled GMS that in financial crimes as stipulated in the
includes the dismissal or replacement of the applicable regulations.
Independent Commissioner, containing the 6. A Board of Commissioners member who has
following information: submitted a written resignation notice may
a. The reasons or considerations for not make any legally binding decisions or
the dismissal or replacement of the take actions that could impact the financial
Independent Commissioner; and condition of the Bank.
b. The profile of the proposed replacement
candidate, if available, who is deemed to release and discharge of duties and
meet the requirements for a fit and proper responsibilities (Acquit et de Charge)
test evaluation.
The release and discharge of duties and
4. In the event that the Financial Services responsibilities of members of the Board of
Authority (OJK) deems the planned Commissioners whose term has ended shall be
dismissal or replacement of the Independent carried out through the Annual GMS.
Commissioner inappropriate, then:
a. The planned dismissal or replacement of
the Independent Commissioner will not be
approved by OJK; and
b. The Bank is prohibited from including
the dismissal or replacement of the
PT Bank BTPN Syariah Tbk
Independent Commissioner as an agenda
item in the GMS.
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disclosure of share ownership by the Board of Commissioners
Regarding the disclosure of BTPN Syariah share ownership by the Board of Commissioners as of
December 31, 2024, the Board of Commissioners does not own any BTPN Syariah shares as stipulated
in the regulations.
Disclosure of BTPN Syariah Share Ownership by Members of the Board of Commissioners as of
December 31, 2024
share ownership
name position total shares
percentage
Kemal Azis Stamboel President Commissioner/ 0.00% 0
Independent
Mulya Effendi Siregar Independent Commissioner 0.00% 0
Dewie Pelitawati Independent Commissioner 0.00% 0
Ongki Wanadjadti Dana Commissioner 0.00% 0
orientation program for the Board of The certification and/or maintenance
Commissioners programs in Risk Management for the Board
of Commissioners are in accordance with OJK
The President Director is responsible for ensuring Regulation No. 24 of 2022 on Human Resource
that all newly appointed members of the Development for Commercial Banks and OJK
Board of Commissioners receive the necessary Circular Letter No. 28/SEOJK.03/2022 on Risk
information regarding the Bank to effectively Management Certification for Human Resources
carry out their duties and responsibilities. in Commercial Banks.
Meanwhile, the Compliance Director, who also
serves as the Corporate Secretary, is responsible
for providing the required information. implementation of Board of
Commissioners meetings and
Throughout 2024, there were no changes in the
composition of the Board of Commissioners;
joint meetings of the Board
therefore, no members underwent an orientation of Commissioners, Board
program. of Directors, and Sharia
In addition to the orientation and introduction Supervisory Board in 2024
program, all members of the Board of
Commissioners at BTPN Syariah have In compliance with OJK Regulation No. 2 of 2024
participated in training and development on the Establishment of Sharia Governance for
programs, which are detailed in the List of Sharia Commercial Banks and Sharia Business
Board of Commissioners’ Training section within Units, the Board of Directors has conducted joint
the Corporate Governance Report of this 2024 meetings with the Board of Commissioners and
Annual Report. the Sharia Supervisory Board, as further detailed
in the Sharia Supervisory Board section of this
risk management certification 2024 Annual Report.
As of December 31, 2024, all serving members The 2024 Meeting Schedule and Agenda for the
Tbk
of the Board of Commissioners have obtained Board of Commissioners were approved by the
Tbk
Syariah
a Risk Management Certification and/or have Board of Commissioners before the end of the
Syariah
participated in risk management maintenance financial year through Memorandum No. M.001/
programs, as detailed in the Company Profile KOM/CSGC/XII/2024, dated December 12, 2024.
BTPN
section of this 2024 Annual Report.
Bank
PTPT BTPN
Bank
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annual report 2024 | good corporate governance
policy on the implementation of Board In special circumstances (such as a
of Commissioners Meetings pandemic or other force majeure events), the
requirement for physical attendance shall
The policy on the Board of Commissioners refer to the applicable regulations governing
meetings is in accordance with the latest Charter physical meetings or their restrictions,
for the Board of Commissioners, as follows: while still complying with good corporate
governance (GCG) principles and capital
1. The Board of Commissioners meetings market regulations.
must be held periodically at least once every
two (2) months. A Board of Commissioners 6. The Board of Commissioners must schedule
meeting is considered valid and has the meetings for the following year before the
authority to make binding decisions if more end of the current financial year.
than two-thirds (2/3) of the total members
of the Board of Commissioners are present 7. Board of Commissioners meetings shall be
or represented at the meeting, in accordance chaired by the President Commissioner or,
with the applicable laws and regulations. in the event of their absence, by another
Additionally, the Board must establish a Commissioner appointed during the meeting.
schedule for periodic meetings for the next 8. A Commissioner may be represented only
financial year before the end of the current by another Commissioner in a Board of
financial year. Commissioners meeting, based on a power of
attorney. Each Commissioner may represent
The Board of Commissioners meetings may only one other Commissioner.
also be convened at any time under the
following conditions:
a. If deemed necessary by one or more 9. Decisions in Board of Commissioners
members of the Board of Commissioners; meetings must first be made through
or deliberation to reach a consensus.
b. Upon a written request from the Board of
Directors meeting; or 10. If a consensus cannot be reached, decisions
c. Upon a written request from one or more shall be made based on a majority vote.
shareholders who collectively represent
at least one-tenth (1/10) of the total valid 11. All decisions lawfully made in a Board of
shares issued by the Bank. Commissioners meeting are binding on all
members of the Board of Commissioners.
2. The Board of Commissioners must hold
joint meetings with the Board of Directors 12. Dissenting opinions arising in a Board of
periodically at least once every four (4) Commissioners meeting must be clearly
months. recorded in the minutes, along with the
reasons for such opinions.
3. A Board of Commissioners meeting is
convened if attended by the majority of its 13. The outcomes of Board of Commissioners
members. meetings must be documented in meeting
minutes and properly archived.
4. The Board of Commissioners meetings must
be attended physically by all members at 14. The minutes of the Board of Commissioners
least twice a year. meetings, including joint meetings with
the Board of Directors, joint meetings with
5. A Non-Independent Commissioner who the Sharia Supervisory Board, and other
is unable to physically attend a Board of invited meetings, shall be prepared by the
PT Bank BTPN Syariah Tbk
Commissioners meeting may participate Corporate Secretary or a designated party
in the meeting virtually using information appointed during the meeting. The minutes
technology. shall be reviewed by the meeting participants
and signed by all Board of Commissioners
members present at the meeting.
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In exceptional circumstances, which do not to physical attendance and shall count
require proof to any party, the time-frame towards the quorum requirements for the
for preparing the meeting minutes by the Board of Commissioners meeting.
designated party appointed by the Board of
Commissioners shall be determined with the Decisions made during such meetings must
Board of Commissioners’ approval (whether be documented in writing and signed by the
verbally or in writing). Chair of the Meeting and one other attending
member of the Board of Commissioners, as
15. The minutes of meetings shall be kept by the designated in the meeting.
Corporate Secretary and distributed to all
members of the Board of Commissioners. 21. If, during the course of a meeting, there is
a malfunction or failure in conference calls,
16. For scheduled meetings, the Board of video conferences, or other communication
Commissioners meeting materials shall be media, such an event shall not affect
provided to the meeting participants no later the quorum that was reached before the
than five (5) working days before the meeting malfunction or failure occurred. In such cases,
takes place. members of the Board of Commissioners who
were participating through these means shall
17. For unscheduled meetings, the meeting be considered not voting on any proposals
materials shall be provided to participants at presented after the malfunction or failure.
the latest before the meeting is held.
22. Minutes of Board of Commissioners
18. The notice of the Board of Commissioners meetings conducted via conference calls,
meeting must be given in writing and sent video conferences, or similar communication
via electronic mail (electronic media), media shall be prepared in written form
registered mail, or delivered in person with and circulated among, and signed by, all
acknowledgment of receipt. participating members of the Board of
Commissioners. However, signatures shall not
The meeting notice must be sent to the be required if the minutes are prepared in the
Board of Commissioners members at least form of a Notarial Deed.
three (3) calendar days before the meeting,
excluding the date of notice and the date of 23. The Board of Commissioners may also make
the meeting. If the meeting is pre-scheduled, legally valid and binding decisions without
a formal notice is not required. holding a physical meeting, provided that
all serving members have been informed in
19. The Board of Commissioners may invite third writing and all members unanimously approve
parties to attend meetings as observers the proposed resolution in writing by signing
and/or guests, including but not limited to the approval document. Decisions made in
shareholder representatives. this manner shall hold the same legal force as
those made in a formally convened Board of
20. Members of the Board of Commissioners Commissioners meeting.
may participate in Board of Commissioners
meetings via conference calls, video
conferences, or other communication media
that allow all attending members to see, hear,
and speak with one another. Participation in
such a manner shall be considered equivalent
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | good corporate governance
24. Members of the Board of Commissioners The meetings of the Board of Commissioners
shall not participate in decision-making on and the joint meetings of the Board of
matters in which they have a conflict of Commissioners with the Board of Directors in
interest with the Bank, unless otherwise 2024 were conducted using a combination of
determined in the Board of Commissioners in-person and virtual formats, in accordance
meeting. with the Articles of Association and the Board
of Commissioners’ Charter. These regulations
25. Coordination meetings between the Board of stipulate that members of the Board of
Commissioners and the Sharia Supervisory Commissioners may participate in Board of
Board shall be held at least once every four Commissioners meetings through conference
months. The Board of Commissioners and/or calls, video conferences, or other similar
the Sharia Supervisory Board may determine communication media that enable all attending
a higher frequency of such periodic meetings members to see, hear, and communicate with
as needed and by mutual agreement. one another.
frequency and attendance rate In compliance with the Board of Commissioners’
of the Board of Commissioners at the Charter, invitations and meeting materials for
Board of Commissioners meetings the Board of Commissioners meetings and the
joint meetings of the Board of Commissioners
and joint Meetings of the Board of
with the Board of Directors were distributed to
Commissioners, Board of Directors, and
all participants prior to the meetings. Decision-
Sharia Supervisory Board in 2024 making, both in the Board of Commissioners
meetings and in the joint meetings with the
Throughout 2024, the Board of Commissioners Board of Directors, was carried out based on
held 9 (nine) meetings, exceeding the 6 (six) deliberation to reach a consensus.
planned meetings. Additionally, joint meetings
between the Board of Commissioners and the There were no dissenting opinions on any
Board of Directors were conducted 4 (four) decisions or agenda items in the Board of
times, aligning with the 4 (four) planned Commissioners meetings or the joint meetings
meetings, in accordance with Good Corporate with the Board of Directors throughout 2024.
Governance (GCG) implementation regulations
for Sharia Commercial Banks and the Board of Throughout 2024, the provisions regarding
Commissioners’ Charter and Rules of Procedure, the number of meetings and the attendance
with no circular resolutions recorded. of Board of Commissioners members in the
Board of Commissioners meetings and the joint
In addition to the scheduled meetings, the Board meetings with the Board of Directors were in full
of Commissioners adopted 11 (eleven) circular compliance with the applicable regulations.
resolutions in 2024. This practice complies with
the Articles of Association of BTPN Syariah meeting of the Board of Commissioners
and the Board of Commissioners’ Charter and with the head of internal audit of the
Rules of Procedure, which allow the Board of
parent entity
Commissioners to legally and bindingly adopt
resolutions without convening a formal meeting, In compliance with the Board of Commissioners’
provided that all serving members of the Charter and to uphold transparency, one
Board of Commissioners have been notified in meeting of the Board of Commissioners was held
writing, and all serving members of the Board with the Head of Internal Audit of the Parent
of Commissioners have approved the proposed Entity, PT Bank SMBC Indonesia Tbk (SMBCI),
resolution in writing by signing the resolution without the presence of Management. The
document. Resolutions adopted through this meeting discussed the 2024 Internal Audit Plan,
PT Bank BTPN Syariah Tbk
mechanism carry the same legal force as those including internal audit alignment, Key Strategic
made in a formal Board of Commissioners’ Initiatives and Projects related to the Bank’s
meeting. business group, and the communication line
between BTPN Syariah and SMBCI.
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realization of the number of meetings and attendance of Board of Commissioners Members at the Board of
Commissioners Meetings and Joint Meetings of the Board of Commissioners with the Board of Directors in 2024
Number of Board Number of Joint
of Commissioners Meetings of the Board
name of Board of Meetings (including site attendance of Commissioners with Attendance
Commissioners Members visits) percentage the Board of Directors Percentage
(Realization/ (Realization/
Meeting Plan) Meeting Plan)
Kemal Azis Stamboel 9/6 100% 4/4 100%
Mulya E Siregar 9/6 100% 4/4 100%
Dewie Pelitawati 9/6 100% 4/4 100%
Ongki Wanadjati Dana 9/6 100% 4/4 100%
agenda of the Board of Commissioners Meetings in 2024
no minutes of meeting number date of meeting meeting agenda
1 MOM.002/KOM/CSGC/II/2024 February 16, 2024 1. Determination of the 2024 remuneration for the
Board of Commissioners, Board of Directors,
Sharia Supervisory Board, and Independent
Parties who are members of the Audit
Committee and Risk Monitoring Committee.
2. Discussion on the share portion for deferred
bonuses for Material Risk Takers (MRTs).
3. Discussion on the composition of the
Nomination and Remuneration Committee
members.
2 MOM.003/KOM/CSGC/IV/2024 April 25, 2024 1. Follow-up on the Board of Commissioners’
recommendations from the previous meeting.
2. Director of Compliance update to the Board
of Commissioners regarding the Corporate
Governance Committee within the Financial
Group – Second Semester of 2023.
3 MOM.006/KOM/CSGC/VII/2024 July 29, 2024 Update on the BTPN Syariah Ventura Blueprint
Project
4 MOM.007/KOM/CSGC/VII/2024 July 29, 2024 Review of the Collection Update on Written-Off
Customers
5 MOM.008/KOM/CSGC/X/2024 October 1, 2024 1. Follow-up on the Board of Commissioners’
recommendations from the previous meeting.
2. Update from the Chairman of the Board of
Commissioners regarding:
a. New Business Project Update – TPSB (Tepat
Pembiayaan Syariah Bulanan);
b. Synergy Project.
6 MOM.009/KOM/CSGC/XI/2024 November 13, 2024 1. Follow-up on the Board of Commissioners’
Tbk
recommendations from the previous meeting.
Tbk
Syariah
2. Compliance Director’s update to the Board of
Syariah
Commissioners regarding the Fulfillment of
Duties of the Integrated Governance Committee
within the Financial Conglomerate (First
BTPN
Semester of 2024).
Bank
PTPT BTPN
Bank
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annual report 2024 | good corporate governance
agenda of the Board of Commissioners Meetings in 2024
no minutes of meeting number date of meeting meeting agenda
7 MOM.011/KOM/CSGC/XII/2024 December 12, 2024 Coordination Meeting with the Head of Internal
Audit of the Parent Entity (SMBCI) regarding the
discussion on the internal audit function
8 MOM.012/KOM/CSGC/XII/2024 December 12, 2024 1. Follow-up on the Board of Commissioners’
recommendations from the previous meeting.
2. Approval by the Board of Commissioners and
Board Committees on the 2025 Corporate
Agenda.
9 MOM.013/KOM/CSGC/XII/2024 December 19, 2024 Acceptance of the Supervisory Visit Report by
Members of the Board of Commissioners and
Members at the Board of Commissioners’ Level to
Cileungsi on November 1, 2024, and Serang - Banten
on December 5, 2024.
agenda of the joint meetings of the Board of Commissioners with the Board of Directors in 2024
no minutes of meeting number date of meeting meeting agenda
1 MOM. 001/KOM/CSGC/I/2024 January 24, 2024 1. Follow-up on the Board of Commissioners’
recommendations from the previous meeting.
2. Director of Compliance Report to the Board of
Commissioners – Second Semester of 2023.
2 MOM.004/KOM/CSGC/VI/2024 June 27, 2024 1. Follow-up on the Board of Commissioners’
recommendations from the previous meeting
on April 25, 2024.
2. Progress of the Bank’s Business Plan (RBB)
related to Key Strategic Initiatives (2024-
2026 period) and request for the Board of
Commissioners’ approval for the submission of
the RBB (2024-2026 period).
3. Support Functions Update (As of May 31,
2024).
4. Operations Dashboard Update (As of May 31,
2024).
5. Information & Technology Dashboard Update
(As of May 31, 2024).
6. Human Capital Dashboard Update (As of May
31, 2024).
3 MOM.005/KOM/CSGC/VII/2024 July 25, 2024 1. Follow-up on the Board of Commissioners’
recommendations from the previous meeting.
2. Director of Compliance Report to the Board of
Commissioners – First Semester of 2024.
4 MOM.010/KOM/CSGC/XI/2024 November 21, 2024 1. Follow-up on the Board of Commissioners’
recommendations from the previous meeting.
2. Request for the Board of Commissioners’
approval of the Board of Directors’ proposal
regarding the Bank’s Business Plan (RBB) for
the 2025-2027 period.
3. Request for the Board of Commissioners’
approval of the Board of Directors’ proposal
PT Bank BTPN Syariah Tbk
regarding the Sustainable Finance Action Plan
(RAKB) for the 2025-2029 period.
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realization of the circular resolutions of the Board of Commissioners in 2024
no circular number date subject
1 No.001/CIR/DEKOM/I/2024 January 31, 2024 Approval of the Board of Commissioners Regarding
the Plan for the Annual General Meeting of
Shareholders of PT Bank BTPN Syariah Tbk for the
Financial Year Ending December 31, 2024.
2 No.002/CIR/DEKOM/II/2024 February 20, 2024 Approval of the Board of Commissioners Regarding
the Appointment of a Public Accountant (AP) and/
or Public Accounting Firm (KAP) to Examine or Audit
the Books and Records of PT Bank BTPN Syariah Tbk
for the Financial Year Ending December 31, 2024.
3 No.003/CIR/DEKOM/II/2024 February 26, 2024 Approval of the Board of Commissioners on the
Remuneration for Bank Organs and Supporting
Organs (Independent Parties) in 2024
4 No.004/CIR/DEKOM/II/2024 February 26, 2024 Approval of the Board of Commissioners on the
Proposed Resolutions for the Annual General
Meeting of Shareholders of PT Bank BTPN Syariah
Tbk for the Financial Year Ending December 31, 2023.
5 No.005/CIR/DEKOM/III/2024 March 7, 2024 Approval of the Board of Commissioners on the
Proposed Resolutions for the Annual General
Meeting of Shareholders for the Financial Year
Ending December 31, 2023, at PT Bank BTPN Syariah
Tbk.
6 No.006/CIR/DEKOM/III/2024 March 7, 2024 Approval of the Board of Commissioners on the
Update of Transaction Limits Granted to the Board
of Directors.
7 No.007/CIR/DEKOM/III/2024 March 18, 2024 Acceptance by the Board of Commissioners of the
Proposal for the Reappointment of Members of the
Board of Directors and Board of Commissioners at
PT BTPN Syariah Ventura for the 2024-2027 Period.
8 No. 008/CIR/DEKOM/VI/2024 June 12, 2024 Approval of the Board of Commissioners Regarding
Changes in the Composition of the Nomination and
Remuneration Committee for the 2023-2026 Period.
9 No.009/CIR/DEKOM/VIII/2024 August 1, 2024 Approval of the Board of Commissioners on the
Proposed Follow-up by PT Bank BTPN Syariah as a
Member Entity Regarding the Establishment of the
SMBC Group Financial Conglomerate.
10 No.010/CIR/DEKOM/X/2024 October 21, 2024 Approval of the Board of Commissioners on the Plan
for the Transfer of Remaining Treasury Shares in
2025.
11 No.011/CIR/DEKOM/X/2024 November 28, 2024 Approval of the Board of Commissioners on the
Distribution of Treasury Shares in 2025.
agenda of the joint meeting of the Board of Commissioners with
the Board of Directors and the Sharia Supervisory Board in 2024.
As a commitment to implementing the principles of Good Corporate Governance, the Board of
Commissioners has conducted joint meetings with the Board of Directors and the Sharia Supervisory
Tbk
Board, as stipulated in POJK No. 2 of 2024 concerning the Implementation of Sharia Governance for
Tbk
Sharia Commercial Banks and Sharia Business Units.
Syariah
Syariah
The realization of the meeting agenda is further discussed in the Sharia Supervisory Board section of
this 2024 Annual Report.
PTPT Bank
Bank BTPN
BTPN
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annual report 2024 | good corporate governance
schedule of the Board of 2. Supervision of the implementation of the
Commissioners Meetings in 2025 duties and responsibilities of the Board of
Directors.
In accordance with the Articles of Association of
BTPN Syariah, the Board of Commissioners is performance assessment
required to hold regular Board of Commissioners
meetings at least once every two months and 1. The performance assessment of the members
to establish a schedule for the following year’s of the Board of Commissioners is conducted
Board of Commissioners meetings before the annually by the President Commissioner
end of the current financial year. The Articles based on the duties and responsibilities of the
of Association also stipulate that at least once Board of Commissioners.
every four months, the Board of Commissioners 2. The results of the performance appraisal
must hold a joint meeting with the Board of the Board of Commissioners’ members
of Directors in accordance with applicable serve as one of the considerations for the
regulations. Nomination and Remuneration Committee in
providing recommendations to the Board of
The schedule and agenda for the Board of Commissioners regarding the reappointment
Commissioners meetings in 2025 were approved of its members, as well as a basis for
by the Board of Commissioners before the end determining the remuneration structure of
of the financial year through the Minutes of the the Board of Commissioners.
Board of Commissioners Meeting No. 12/KOM/ 3. The performance of the Board of
CSGC/XII/2024 dated December 12, 2024, and Commissioners is reported to the
Memorandum No. M.001/KOM/CSGC/XII/2024 shareholders during the GMS and is
dated December 12, 2024. documented in the Annual Report.
performance assessment of performance assessment of the Board
of Commissioners’ Committees
the Board of Commissioners
Throughout 2024, the Committees under the
The purpose of the self-assessment of the Board of Commissioners effectively carried
performance of the Board of Commissioners out their supervisory duties and responsibilities
is to serve as one of the considerations for the in accordance with GCG principles for Islamic
Nomination and Remuneration Committee in Commercial Banks and publicly listed companies.
providing recommendations to the Board of
Commissioners regarding the reappointment The performance assessment of the Board
of its members. Additionally, it serves as a basis of Commissioners’ Committees was
for determining the remuneration structure of conducted through self-assessments by each
the Board of Commissioners and enhancing the committee member, which were then compiled
effectiveness of its performance. quantitatively.
The performance assessment of the Board of In compliance with Article 28, paragraph (5) of
Commissioners at BTPN Syariah is conducted OJK Regulation No. 33/POJK.04/2014 on the
based on predefined criteria, taking into account Board of Directors and Board of Commissioners
their duties and responsibilities in accordance of Issuers or Public Companies, and Article 63,
with applicable regulations, the Bank’s Articles of paragraph (6) of OJK Regulation No. 17/2023
Association, and internal bank policies. on the Implementation of Governance for
Commercial Banks, the Board of Commissioners
The performance assessment is conducted is required to evaluate the performance of the
through a self-assessment process on an annual committees that support the execution of its
basis to evaluate the collegial performance of duties and responsibilities.
the Board of Commissioners.
Throughout 2024, the Committees under the
criteria for the implementation of the Board of Commissioners at BTPN Syariah have
PT Bank BTPN Syariah Tbk
Board of Commissioners’ performance prepared periodic reports submitted to the Board
of Commissioners. These reports have been
assessment
evaluated by the Board of Commissioners and
properly managed by the Corporate Secretary.
The criteria for assessing the individual
performance of each member of the Board of
Further details regarding the Committees’
Commissioners at BTPN Syariah are based on reports at the Board of Commissioners level
various considerations, including: can be found in the Corporate Governance
1. Implementation of Good Corporate Implementation section of this 2024 Annual
Governance in all of the Bank’s activities. Report.
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supervisory report of
the Board of Commissioners in 2024
The spirit of fostering excellent BDKS behavior towards
financing customers has been effectively implemented across
all operational levels and serves as a key driver of the Bank’s
performance. This is accompanied by efficiency efforts and
the enhancement of #bankirpemberdaya capabilities, aligned
with the implementation of the company’s PRISMA values
(Professionalism, Integrity, Mutual Respect, Cooperation), good
governance, and Sharia principles.
building excellence to remain resilient
The Board of Commissioners appreciates the All initiatives across the organization throughout
full commitment of the Board of Directors in 2024 have reflected the effective implementation
carrying out their management responsibilities of Key Strategic Initiatives (KSI) through its
at BTPN Syariah with good faith and prudence four pillars: strengthening business processes,
to support the inclusive community throughout exploring new opportunities and advanced
2024. By providing four key access points— products, building operational excellence,
financial access, knowledge access, product and enhancing organizational capabilities.
supply access, and market access—and through The commitment to fostering excellent BDKS
various technological innovations to enhance behavior towards financing customers has been
the Bank’s operational efficiency and customer effectively implemented across all operational
services, these efforts have been deemed in levels, serving as a key driver of the Bank’s
line with the evolving market demands. The performance. This has been accompanied by
Tbk
strengthening of various aspects has enabled efficiency efforts and the enhancement of
Tbk
Syariah
BTPN Syariah to remain resilient, successfully #bankirpemberdaya capabilities, aligned with
Syariah
maintaining performance in line with projections, the implementation of the company’s PRISMA
and sustaining a bank soundness ratio above the values (Professionalism, Integrity, Mutual
BTPN
industry average. Respect, Cooperation), good governance, and
BTPN
Sharia principles.
PTPT Bank
Bank
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annual report 2024 | good corporate governance
From a business and operational perspective, in its surrounding environment. This has become
the Board of Directors has implemented an integral part of the Bank’s business strategy
initiatives to diversify new business opportunities to create long-term value by continuously
in accordance with the Bank’s Business Plan. building stakeholder trust and reducing socio-
This includes strategic policies through banking economic disparities throughout 2024.
synergy with the Parent Entity and Subsidiaries,
aligned with banking synergy regulations. overview of corporate governance
implementation
In terms of financial performance, the Board
of Directors has successfully guided the Bank The implementation of GCG principles at
to achieve solid performance, as reflected BTPN Syariah has been aligned with prudential
in the fulfillment of the business plan, the principles, reflecting the Bank’s commitment
reinforcement of the Bank’s strategy focused to inclusive communities through the do good,
on maintaining quality and a healthy portfolio, do well approach throughout 2024. Every policy
the prudent management of risk through adopted by the Bank is not only in compliance
well-measured risk mitigation policies, the with regulations but also designed to create real,
optimization of business and operational positive impacts on society. Grounded in Good
processes for greater effectiveness and Intentions, the Bank’s policies and actions are not
efficiency, and the development of human only effective in ensuring smooth operations but
resources with an anticipatory, constructive, also reflect honesty and integrity. This approach
and optimistic mindset— all of which have been emphasizes the Right Fit concept, ensuring that
effectively implemented throughout 2024. every policy is relevant and meaningful to all
stakeholders.
Naturally, these strengthening efforts still
face several internal and external challenges. The Board of Commissioners assesses that
However, the Board of Commissioners assesses BTPN Syariah has been operating in accordance
that the overall strategies implemented by the with GCG principles by ensuring transparent
Board of Directors in 2024 have been designed to and easily accessible information disclosure for
establish a strong foundation for BTPN Syariah stakeholders. This commitment is demonstrated
to continue its sustainable growth in serving through accountability for performance that
both financing and funding customers. is accurate, measurable, and compliant with
applicable regulations. Additionally, the Board
From a regulatory compliance perspective, recognizes that the Bank’s operations have been
the Board of Directors has ensured the proper conducted independently, while still upholding
management of the internal control system the interests of shareholders and stakeholders
and good governance, meeting all obligations based on the principles of fairness and equality.
in a timely manner—whether to Regulators,
Shareholders, Customers, or Employees— The Board of Commissioners also acknowledges
while maintaining prudent banking principles that all #bankirpemberdaya have consistently
throughout 2024. applied the fundamental principles of GCG
in every aspect of their responsibilities.
With a strong commitment to continuous Furthermore, the Bank has demonstrated
corporate development and reinforcement, the its commitment to continuously improving
Board of Commissioners recognizes that BTPN governance practices by adopting international
Syariah has effectively aligned its business Corporate Governance Scorecard standards and
and operational activities with the Sustainable conducting self-assessments, achieving a Good
Development Goals, applying the Creating rating. This initiative reinforces BTPN Syariah’s
PT Bank BTPN Syariah Tbk
Shared Value (CSV) concept, which prioritizes strong dedication to innovation in maintaining
integrity, as well as social and economic values best governance standards as a financial services
as key elements in realizing the Bank’s business institution within Indonesia’s Islamic banking
strategy. Additionally, BTPN Syariah has sector, across Southeast Asia, and as a member
positioned itself as an agent of change, actively of the SMBC Group financial conglomerate in
contributing to social and economic development Indonesia.
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Specifically, the fulfillment of the supervisory and other matters as stipulated by applicable
duties of the Board of Commissioners in 2024 regulations, including setting or delegating
covered the following aspects: limits or approving specific action plans,
provided they remain in compliance with
1. Compliance with the Board of Commissioners’ prevailing laws and regulations.
Charter, Articles of Association, Applicable
Laws and Regulations, and Resolutions of The Board of Directors has regularly reported
the General Meeting of Shareholders, among to the Board of Commissioners on the
others Bank’s performance, both through written
documents and coordinated meetings held on
Throughout 2024, the Board of a periodic basis. The Board of Commissioners
Commissioners has carried out its supervisory has reviewed, discussed, and analyzed these
duties in the best interest of the Bank, reports and explanations from the Board of
overseeing the policies and management Directors, and has subsequently provided
conducted by the Board of Directors, advice and recommendations for further
providing advice to the Board of Directors, action.
and being accountable for such supervision.
These responsibilities were executed in As part of the implementation of Sharia
accordance with the Board of Commissioners’ governance, the Board of Commissioners has
Charter, the Bank’s Articles of Association, conducted joint meetings with the Sharia
applicable laws and regulations, and Supervisory Board and the Board of Directors,
resolutions of the General Meeting of as required by regulations.
Shareholders, while upholding good faith and
the principles of prudence. The Board of Commissioners has specifically
requested explanations and clarifications
In exercising its supervisory role, the Board from the Board of Directors on various
of Commissioners has provided guidance, matters, including but not limited to the
monitored, and evaluated the implementation realization of the business plan, sustainable
of governance, risk management, and finance action plans, corporate plans,
compliance in an integrated manner. resolution action plans, recovery action
Additionally, it has overseen the Bank’s plans, audit findings, the implementation of
strategic policies and received the necessary certain regulatory provisions, and other key
data and information from the Board of issues. The Board of Directors has fulfilled
Directors throughout 2024. these requests and provided the necessary
information and updates on matters requiring
2. The Role of the Board of Commissioners in the the attention of the Board of Commissioners
Supervisory Function, among others throughout 2024.
In carrying out its daily supervisory function, 3. Alignment of Vision and Mission
the Board of Commissioners adheres to
the Board of Commissioners’ Charter, while In line with the implementation of Good
maintaining an effective working relationship Corporate Governance (GCG) principles, the
with both the Board of Directors and the Board of Commissioners has conducted a
Sharia Supervisory Board. In performing review of the alignment between the Bank’s
its duties, the Board of Commissioners is Vision and Mission with its business plan and
supported by the Board of Commissioners’ initiatives on an annual basis.
Committees.
The alignment of the Bank’s Vision, Mission,
Tbk
Throughout 2024, the Board of and Core Values remains relevant, as outlined
Tbk
Syariah
Commissioners has conducted general in the Bank’s Business Plan (RBB) 2024-2026,
Syariah
and/or specific supervision over the Bank’s the proposed RBB 2025-2027, as well as the
operations and has provided advice to the Financial Inclusion Action Plan (RAKB) 2020-
BTPN
Board of Directors regarding their authority 2024 (2024 Indicators) and the proposed
BTPN
and responsibilities in managing the Bank. RAKB 2025-2029 (2025 Indicators). This
Bank
alignment was approved during the Board
Bank
The Board of Commissioners has also granted of Directors and Board of Commissioners’
PTPT
approval to the Board of Directors for the meeting on November 11, 2024.
implementation of the Bank’s business plan
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annual report 2024 | good corporate governance
Bank BTPN Syariah’s Vision, Mission, and Core Regarding the use of information technology,
Values: the Board of Commissioners provided
• Vision : To be the best Sharia Bank for guidance, monitoring, and evaluation of the
financial inclusion, transforming the lives Bank’s strategic plans and policies related to
of millions of Indonesians. IT utilization. The Board also evaluated the
• Mission : Together, we create opportunities responsibilities of the Board of Directors in
for growth and a more meaningful life. implementing information technology and
• Core Values: : PRISMA (Professional, information security systems throughout
Integrity, Mutual Respect, Cooperation. 2024.
4. Support for the Government, among others 6. Fulfillment of Commitments to Shareholders,
among others
The Board of Commissioners fully supports
the Bank’s initiatives in developing the a. The Board of Commissioners submitted
Bestee (Bersama Berdaya Memberi Makna) its accountability report to Shareholders
platform, a digital empowerment platform during the Annual General Meeting of
aimed at enhancing customer engagement. Shareholders on March 20, 2024.
Additionally, the Board acknowledges and b. The Board of Commissioners approved
supports the Board of Directors’ decision to amendments to the Bank’s Articles of
continue collaborations with universities and Association, in accordance with Financial
the Government through the Merdeka Belajar Services Authority Regulation (POJK) No.
Kampus Merdeka (MBKM) Program and 17 of 2023 on Governance Implementation
independent internship programs. In 2024, the for Commercial Banks, during the AGMS
Bank provided opportunities for students to on March 20, 2024.
actively contribute to empowerment efforts c. The Board of Commissioners approved the
by conducting one-on-one mentoring sessions follow-up on the Extraordinary General
with financing customers. The objective of Meeting of Shareholders Decision of 2019
this mentoring program was to enhance the by transferring a portion of the fourth
capabilities of customers and their families, tranche of treasury shares to Material Risk
helping them achieve a better quality of life, Takers, with a distribution date of April 19,
while fostering a sustainable relationship 2024.
between customers and the Bank. d. The Board of Commissioners ensured
oversight of the Board of Directors’
5. Review of the Company’s Material Controls, duties and responsibilities in company
Use of Information Technology, and management, including: Regulatory
Information Security Systems, among others compliance through Information
Disclosure, covering the Annual Report and
The Board of Commissioners, supported Sustainability Report for the 2023 financial
by the Board Committees, conducted a year, Interim Financial Reports, Annual
review of the company’s material controls, and Consolidated Financial Reports,
covering operational, financial, compliance, Submission through reporting systems
and risk management systems. The Board and public disclosure, Availability of these
also oversaw the achievement of financial reports on the Bank’s website, in line with
and non-financial performance targets, public company requirements in 2024.
the integrity of financial reporting, and e. The Board of Commissioners ensured
the internal control system throughout that the Audit Committee conducted
2024 through coordination meetings with an evaluation of the performance of the
Management. Public Accountant and Public Accounting
Firm in relation to the audit of the Annual
PT Bank BTPN Syariah Tbk
For the financial year ending December Historical Financial Information as of
31, 2024, the Bank’s financial performance December 31, 2023.
demonstrated favorable results, with business f. The Board of Commissioners approved
growth continuing to show a positive trend. the follow-up on the Annual General
The business plan targets were largely Meeting of Shareholders (AGMS) decision
achieved, reflecting successful execution regarding the appointment of the Public
across key areas. Accountant and Public Accounting
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Firm, Sidharta Widjaja & Partners (an In fulfilling its obligations as a public
Indonesian partnership and member firm company, the Board of Directors has
of the KPMG network of independent ensured that all activities and operations
member firms affiliated with KPMG uphold stakeholders’ rights throughout
International Cooperative) as the External 2024. Each Bank Governance Function,
Auditor, based on the Audit Committee’s comprising Shareholders, Board of
recommendation. Directors, Board of Commissioners, and
Sharia Supervisory Board, has managed
The Bank has submitted the Public and supervised the Bank in an accountable
Accountant and Public Accounting Firm and transparent manner by submitting
Appointment Report for the audit of the reports, disclosing information, and
Annual Historical Financial Information conducting public exposés in a timely
as of December 31, 2024, to the Financial manner. The Board of Directors has
Services Authority (OJK) – Islamic Banking ensured that the Bank maintains the
Supervision Division, with a copy to trust of shareholders, investors, and other
the Banking Licensing and Information stakeholders by continuously considering
Department. the sector, industry, size, and complexity of
the Bank.
7. Implementation of Good Corporate
Governance (GCG) Principles, among others c. Within the financial conglomerate
framework, BTPN Syariah, as a Member
a. The Board of Commissioners has assessed Entity, has actively participated in the
the effectiveness of the check-and- implementation of integrated corporate
balance process and internal control governance with the Main Entity, while
system at BTPN Syariah, confirming complying with applicable regulations,
that they are adequately in place. As an including Sharia compliance.
Islamic commercial bank, BTPN Syariah
complies with the GCG implementation Further details are provided in the
regulations applicable to Commercial Integrated Governance Committee Report
Banks and Islamic Commercial Banks, in this 2024 Annual Report.
based on five fundamental principles. As
a public company, BTPN Syariah’s GCG d. Improving the Quality of GCG
guidelines encompass five aspects, eight Implementation, BTPN Syariah has
principles of good corporate governance, maintained the implementation of the
and 25 applications of GCG aspects and ASEAN Corporate Governance Scorecard
principles. over the past five years to achieve
“Leadership in Corporate Governance.”
b. The Board of Commissioners has Through strengthening governance
monitored the implementation of good structures and enhancing supporting
corporate governance principles at BTPN infrastructure in alignment with the CG
Syariah throughout 2024. Scorecard, the Bank aims to sustain strong
governance scores, to improve information
All business units at BTPN Syariah have disclosure with a focus on shareholders’
consistently upheld their commitment to rights, transparency, and accountability,
key strategic initiatives in their respective as well as responsibilities of the Board of
functions, adhering to fundamental GCG Directors, Board of Commissioners, and
principles and ensuring compliance with Sharia Supervisory Board as the Bank’s
Sharia principles as part of a compliance governing bodies, and to guarantee fair
Tbk
culture. treatment of shareholders. and optimize
Tbk
Syariah
the role of stakeholders.
Syariah
The commitment to implementing
fundamental GCG principles at BTPN e. Annual Accountability and Bank Planning
BTPN
Syariah aims to build a strong and Presentation The Board of Commissioners
BTPN
resilient Islamic banking industry Protect has reviewed and approved the Board of
Bank
the interests of stakeholders Enhance Directors’ proposals regarding:
Bank
compliance with regulations and ethical
PTPT
values generally applicable in the Islamic
banking industry
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annual report 2024 | good corporate governance
1) Annual Report for the 2023 financial 8. Compliance with Supervision of the Bank’s
year Business Development, among others
2) Sustainability Report for the 2023
financial year The Board of Commissioners has exercised
3) Bank Business Plan (RBB) and the oversight of the Board of Directors regarding
commitment to monitor the realization the realization of the Bank’s business plan
of the RBB through periodic reports to throughout 2024. This includes monitoring
the Financial Services Authority (OJK) the implementation of the Sustainable
in 2024 Finance Action Plan, providing guidance,
4) Sustainable Finance Action Plan and evaluating the execution of the Board
(RAKB) 2020-2024 (2024 Indicator) of Directors’ policies in accordance with
and RAKB 2025-2029 (2025 applicable regulations, the Bank’s Articles of
Indicator), including the commitment Association, and GMS resolutions.
to monitor the realization of the
Bank’s Sustainable Finance Action In terms of business development, the
Plan together with the Board of Board of Commissioners has reviewed the
Commissioners annually effectiveness of Key Strategic Initiatives in
5) Corporate Plan 2024, including the Bank’s commitment to the
6) Recovery Action Plan and Resolution Government Shareholders GCG Principles
Plan for 2024 Enhancing Customer Services Personal Data
7) Approval of the Corporate Charter Protection Policy Operational Development
within the Financial Conglomerate Strengthening Information Security Systems
framework for 2024 Infrastructure Enhancement Community
Engagement Synergies in Business
f. Strengthening Supporting Infrastructure Development as part of the Financial
The Board of Commissioners has approved Conglomerate.
1) Updates to the Board of
Commissioners’ Charter and the 9. Implementation of Sustainable Finance
Charters of the Board Committees for Actions, among others
2024
2) Changes in the Composition of the a. The Board of Commissioners supports
Board Committees for 2024 the implementation of sustainable
3) Performance Assessment of the Board finance in alignment with Financial
Committees for 2024 Services Authority Regulation (POJK)
No. 51/POJK.03/2017 and POJK No. 17
g. To improve the quality of task and of 2023 regarding GCG Implementation
responsibility execution throughout 2024, for Commercial Banks. This is part of
the Board of Commissioners has approved the Bank’s commitment to sustainable
the implementation of supervisory tasks, financial actions that contribute
the mechanism for corporate meetings positively to financial system stability in
of the Board of Commissioners, meetings Indonesia. Through the approval of the
between the Board of Commissioners and Board of Directors’ policies, the Board
the Board of Directors, and the Sharia of Commissioners agrees to support the
Supervisory Board, as well as meetings of Government in achieving sustainable
the Board of Commissioners’ Committees, development that ensures economic
all guided by the principles of good stability and inclusivity, emphasizing the
governance and prompt reporting and balance between economic, social, and
evaluation by the Board of Commissioners. environmental aspects, as outlined in the
Sustainable Finance Action Plan (RAKB)
PT Bank BTPN Syariah Tbk
h. Ensure that the Bank has conducted Indicator 2024.
the 2024 Self-Assessment of GCG
(Consolidated with Subsidiaries) and the The Bank remains committed to
2024 Integrated GCG together with the embedding sustainable finance strategies
Parent Entity to be submitted to OJK. into its business activities, operations,
and investment strategies by integrating
environmental, social, and governance
(ESG) values. This ongoing commitment is
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reflected in the Bank’s strategic initiatives, evaluated the synergy plan developed by the
which lay the foundation for sustainability Board of Directors.
in line with the RAKB 2025-2029, which
has been approved by the Board of Further details on the Integrated Governance
Commissioners and submitted to the Committee and Banking Synergy can
regulator in 2024. be found in the Corporate Governance
Implementation Report within this 2024
b. The Board of Commissioners has approved Annual Report.
the implementation of sustainability
initiatives based on environmental, social, 11. Compliance with Supervision of Subsidiaries ,
economic, and governance aspects, as among others
outlined in the 2023 Sustainability Report,
which was submitted to stakeholders in The Board of Commissioners has received
2024; reports from the Board of Directors regarding
the implementation of GCG principles and
c. The Board of Commissioners, together Sharia Principles at the subsidiary, PT BTPN
with the Board of Directors, has Syariah Ventura. This includes oversight of
communicated the implementation of Risk Management and Compliance, Internal
the 2024 RAKB initiatives to Shareholders Control, Governance, Financial and Non-
during the Annual General Meeting of Financial Performance Monitoring, Customer
Shareholders held in 2024. Service Quality, Business Plan Progress, as
well assupervision of Bank Directors and
10. Fulfillment of Commitments to Banking Management members assigned to oversee
Synergy Implementation, among others the Subsidiary throughout 2024.
The Board of Commissioners supervises the The Board of Commissioners has also
Bank’s responsibilities and obligations within received reports on the follow-up actions
the SMBC Indonesia Financial Conglomerate taken by the Subsidiary’s Board of Directors
Group, including receiving periodic updates regarding audit results and recommendations
from the Board of Directors and Board of from OJK and Internal Audit (SKAI) in
Commissioners who are members of the 2024. Additionally, the Board has instructed
Integrated Governance Committee regarding the Board of Directors to ensure that the
the implementation of banking synergy Subsidiary fulfills its commitments to OJK’s
throughout 2024. Non-Bank Financial Industry (IKNB) division
as mandated.
The Integrated Governance Committee is
responsible for monitoring to ensure that Further details regarding the Subsidiary can
internal and integrated controls within the be found in this 2024 Annual Report.
financial group are implemented prudently
and transparently while adhering to 12. Compliance with Supervision of Sharia
governance principles as a Conventional Governance Implementation
Commercial Bank, an Islamic Commercial
Bank, and a Public Company. In accordance with the Guidelines and Rules
of Procedure, the Board of Commissioners,
The implementation of banking synergy at together with the Sharia Supervisory
BTPN Syariah aligns with Financial Services Board and the Board of Directors, has
Authority Regulation (POJK) No. 16 of 2022 carried out supervisory duties related to the
on Islamic Commercial Banks and includes implementation of Sharia governance based
Tbk
collaboration with PT Bank SMBC Indonesia on OJK Regulation No. 2 of 2024 concerning
Tbk
Syariah
Tbk as the Parent Entity. Sharia Governance Implementation for
Syariah
Sharia Commercial Banks and Sharia
The Board of Commissioners has actively Business Units.
BTPN
participated in monitoring banking synergy
BTPN
efforts and ensuring the Bank’s compliance in In executing its supervisory duties, the Board
Bank
formulating strategies and corrective actions of Commissioners has regularly coordinated
Bank
for the synergy plan. The Board has also with the Sharia Supervisory Board to align
PTPT
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annual report 2024 | good corporate governance
supervisory strategies with Sharia Principles d. In terms of compliance, the Board of
through coordination meetings throughout Commissioners has conducted evaluations
2024. Further details on Sharia Governance of the Bank’s compliance function on a
Implementation can be found in the Sharia regular basis and reported the results to
Supervisory Board section of this 2024 Annual the President Director, with a copy to the
Report. Compliance Director.
13. Directives and Recommendations from the Throughout 2024, the compliance culture
Board of Commissioners, among others has been well implemented, as reflected in
the Bank’s adherence to prudential ratios,
a. The Board of Commissioners, assisted by absence of significant regulatory penalties,
the Board of Commissioners’ Committees, and positive compliance risk profile
has formulated, reviewed, and provided parameters. The Bank also acknowledges
advice on internal control measures, the importance of monitoring new
risk monitoring, ensuring the availability activities, maintaining a healthy
of human resources who are not only portfolio, ensuring data protection,
physically strong but also resilient, and and strengthening information security
overseeing the implementation of a systems, supported by well-prepared
sound and measurable nomination and information technology infrastructure.
remuneration policy within the Bank.
Additionally, it has ensured the availability e. Strengthening Human Capital, The Board
of robust information technology systems of Commissioners has provided guidance
to support the achievement of the Bank’s to the Board of Directors to ensure
targets. the long-term development of human
resources, fostering internal talent, and
The Board of Commissioners’ Committees refining employee selection policies that
have assisted in monitoring Management’s generate a positive impact in line with the
follow-up actions regarding audit findings Bank’s targeted workforce fulfillment.
and recommendations from OJK and
external auditors, as well as supervising The Board of Commissioners supports
their resolution throughout 2024. the Board of Directors’ policy to conduct
comprehensive supervision of all
b. The Board of Commissioners, together employees across all organizational levels
with the Board of Commissioners’ through a coordinated work mechanism,
Committees, has provided guidance and facilitated by Business Continuity
supervision related to the implementation Management and supported by the
of the Bank’s business plan and good Safety and Security Unit throughout 2024.
governance practices through visits to Additionally, employee health monitoring
branch offices, functional offices, Wisma, has been implemented through a weekly
service centers, and customer locations. online self-assessment mechanism.
As part of these supervisory visits, the
Board of Commissioners has submitted f. Information Disclosure and Transparency
a Visit Evaluation Report along with The Board of Commissioners has
recommendations and inputs in 2024. ensured that the Board of Directors
maintains the integrity of financial
c. To provide the best services for financing reporting, internal control systems, risk
and funding customers, the Board of management, reporting, and information
Commissioners has recommended that disclosure, as well as compliance and
the Board of Directors continuously corporate governance. Furthermore, the
PT Bank BTPN Syariah Tbk
enhance internal policies and procedures Board of Commissioners has provided
to support the Bank’s business operations recommendations to the Board of
and activities. Directors regarding necessary policy
measures, while ensuring alignment with
applicable laws and regulations.
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The Board of Commissioners has received authority and power from the
Shareholders through the General Meeting of Shareholders (GMS) and has followed
up by granting approval for
Resolution of the Extraordinary General Meeting of Shareholders (EGMS) in 2019:
1. Approval of the partial transfer of the Bank’s treasury shares as part of the provision of
variable remuneration to Material Risk Takers at BTPN Syariah in 2024.
Resolution of the 2024 Annual General Meeting of Shareholders (AGMS), including:
1. Approval of the Appointment of a Public Accountant and Public Accounting Firm
Approval of the appointment of Public Accountant and Public Accounting Firm Sidharta
Widjaja & Partners (an Indonesian partnership and member firm of the KPMG network of
independent member firms affiliated with KPMG International Cooperative) as the External
Auditor to review or audit the books and records of BTPN Syariah for the financial year
ending December 31, 2024. The determination of the auditor’s honorarium and other terms of
appointment was made with due consideration of the recommendations from BTPN Syariah’s
Audit Committee.
2. Approval of the Remuneration Determination for the Board of Directors and the Sharia
Supervisory Board Members for 2024 Approval of the remuneration determination for
members of the Board of Directors and members of the Sharia Supervisory Board for 2024
through the Nomination and Remuneration Committee Meeting, as well as the allocation
among the members of the Board of Directors and the Sharia Supervisory Board. The
total amount and distribution of remuneration for the Board of Directors and the Sharia
Supervisory Board were determined with due consideration of the recommendations from the
Bank’s Nomination and Remuneration Committee.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | good corporate governance
Board of Directors
legal basis for the charter legal basis of Directors’ charter
In accordance with Law No. 40 of 2007 on The Legal Basis for the Board of Directors
Limited Liability Companies, as amended by Charter at BTPN Syariah includes:
Law No. 6 of 2023 concerning the Stipulation of 1. Law of the Republic of Indonesia No. 40 of
Government Regulation in Lieu of Law No. 2 of 2007 on Limited Liability Companies, as
2022 on Job Creation into Law, in conjunction amended by Law No. 6 of 2023 concerning the
with the Financial Services Authority Regulation Stipulation of Government Regulation in Lieu
No. 33/POJK.04/2014 on the Board of Directors of Law No. 2 of 2022 on Job Creation into
and Board of Commissioners of Issuers or Public Law.
Companies, the Board of Directors is a corporate 2. Law No. 6 of 2003 concerning the Stipulation
governance body fully responsible for managing of Government Regulations.
the Bank in the interests and objectives of the 3. Financial Services Authority Regulation
Bank, as well as representing the Bank both in (POJK) No. 33/POJK.04/2014 on the Board
and outside the court in accordance with the of Directors and Board of Commissioners of
provisions of the Bank’s Articles of Association. Issuers or Public Companies.
4. POJK No. 16/POJK.03/2022 on Sharia
Each member of the Board of Directors carries Commercial Banks.
out their duties based on their respective roles 5. POJK No. 17 of 2023 on Corporate
and authorities, with the goal of achieving Governance for Commercial Banks.
effective management and maximizing results. 6. POJK No. 15 of 2024 on Financial Reporting
Integrity for Banks.
Prioritizing the Bank’s interests while 7. The Bank’s Articles of Association.
contributing to added value for stakeholders and 8. ASEAN Corporate Governance Scorecard.
ensuring business sustainability, the Board of
Directors at BTPN Syariah consistently upholds the Board of Directors’ Charter
professionalism, objectivity, and strategic
thinking in alignment with the principles of Good All members of the Board of Directors carry out
Corporate Governance (GCG). The Board of their duties and responsibilities in accordance
Directors is appointed and approved through the with the Board of Directors’ Charter.
General Meeting of Shareholders and must meet
the fit and proper test requirements set by the The Board of Directors’ Charter is updated
Financial Services Authority. periodically by referring to applicable regulations.
All members of the Board of Directors of BTPN In 2024, the Board of Directors conducted a
Syariah comply with the required number, review and approved the update of the Board of
composition, criteria, and independence in Directors’ Charter, as stated in the latest version
accordance with applicable regulations. No. 05/PedomanKerja/CSGC/XI/2024 dated
December 11, 2024.
The Board of Directors is required to perform its
duties and responsibilities in accordance with the
Board of Directors Charter, which are regularly
updated and evaluated based on prevailing
regulations and provisions.
PT Bank BTPN Syariah Tbk
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The Board of Directors’ charter includes:
1 organization Regulating:
1. Organizational Structure,
2. Membership Requirements,
3. Multiple Positions and Prohibitions for the Board of Directors,
4. Changes in the Composition of the Board of Directors, including
Nomination and Appointment, Replacement, Reappointment,
Replacement or Dismissal before the end of the term, Replacement
or Dismissal of Board Members (conducted before the term of office
ends), Replacement or Dismissal of the President Director and/
or Director overseeing the Compliance Function before the end of
the term, Resignation, as well as Discharge or Release of Duties and
Responsibilities (acquit et de charge).
2 independence Regulating the independence of the President Director and the independent
criteria in accordance with OJK regulations.
3 duties and responsibilities of Regulating the duties and responsibilities of the Bank’s Board of Directors.
the Board of Directors
4 President Director Regulating the duties and responsibilities of the President Director.
5 compliance Director Regulating the duties and responsibilities of the Compliance Director
6 meetings Regulating the provisions for holding Board of Directors meetings
7 values and prohibitions for the Regulating:
Board of Directors 1. Conflict of Interest
2. Confidentiality
3. Fair Transactions
4. Compliance with Applicable Laws and Regulations
5. Encouragement to Report Illegal and Unethical Behavior
6. Working Hours
7. Compliance Culture
8. Transparency/Disclosure
8 relationship with stakeholders Regulating the authority of Board of Directors members in representing the
Bank in its relations with stakeholders
9 training Regulating the obligation for training and refresher programs for all
members of the Board of Directors.
10 prohibitions on the Board of Regulating the restrictions imposed on each member of the Bank’s Board of
Directors Directors
11 performance assessment of Regulating:
the Board of Directors 1. Procedures for Conducting the Performance Assessment of the Board of
Directors
2. Self-Assessment Criteria for the Board of Directors
3. Performance Assessment of the Board of Directors
12 working relations pattern Regulating guidelines for supervision and providing advice to the Board of
between the Board of Directors, as well as the implementation mechanism
Directors and the Board of
Commissioners
13 authority of the financial Regulating the authority of OJK over the Bank’s Board of Directors, from
services authority (OJK) granting approval for appointments to dismissals or replacements, which
may be conveyed through a written order from OJK
Tbk
Tbk
14 reporting to the parent entity Regulating the reporting obligations to the Parent Entity as part of
Syariah
integrated governance and consolidation for the Bank’s needs
Syariah
15 miscellaneous Regulating the obligation to conduct an annual review of the Board of
Directors Charter at the Bank
PTPT Bank
Bank BTPN
BTPN
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annual report 2024 | good corporate governance
duties and responsibilities of the Board 9. The Board of Directors must be accountable
of Directors for fulfilling its obligations to the
Shareholders through the GMS.
In accordance with the Board of Directors
Charter No. 05/PedomanKerja/CSGC/XI/2024 10. The Board of Directors must disclose
dated December 11, 2024, the duties and strategic internal Bank policies related to
responsibilities of the Board of Directors at BTPN human resources to employees.
Syariah are as follows:
1. The Board of Directors is fully responsible for 11. In managing the Bank’s data and information,
the management of the Bank as stipulated the Board of Directors must:
in statutory regulations, the Articles of a. Possess and provide accurate, relevant,
Association, and resolutions of the GMS. and timely data and information, including
to the Board of Commissioners; and
2. The Board of Directors must manage the b. Manage data and information in
Bank in accordance with its authority and accordance with good governance
responsibilities as outlined in the Articles practices within the Bank and applicable
of Association and applicable laws and regulations.
regulations.
12. To support the effective execution
3. The Board of Directors has the authority of its duties and responsibilities, the
to represent the Bank in accordance with Board of Directors may establish Board
statutory regulations, the Articles of Committees, whose membership, duties, and
Association, and GMS resolutions. responsibilities are further regulated in the
relevant Committee Charters. The Board
4. The Board of Directors must carry out its of Directors must establish at least the
duties, authority, and responsibilities in good following committees:
faith and with prudence. a. Risk Management Committee
b. Financing Policy Committee
5. The Board of Directors is required to c. Business Committee
implement Good Corporate Governance d. Information Technology Steering
(GCG), risk management, and compliance in Committee
an integrated manner, aligned with the latest
developments in the banking ecosystem and The Board of Directors may establish
supported by digitalization and technological additional committees based on the Bank’s
innovation at all organizational levels. needs and/or complexity.
6. To implement Good Corporate Governance 13. If committees are established, the Board of
(GCG) principles, the Board of Directors must Directors must evaluate their performance at
at least establish: the end of each financial year.
a. Internal Audit Unit;
b. Risk Management Unit; 14. Members of the Board of Directors are not
c. Risk Management Committee; authorized to represent the Bank in the
d. Compliance Unit. following cases:
a. If there is an ongoing legal dispute
7. The Board of Directors must follow up on all between the Bank and the respective
audit findings and recommendations from Board member; and
the Internal Audit Unit (SKAI), the Sharia b. If the respective Board member has a
Supervisory Board (DPS), external auditors, conflict of interest with the Bank.
supervision results from OJK/BI, and/or other
PT Bank BTPN Syariah Tbk
regulatory authorities. 15. In the case of a situation as referred to
in point 14, the individuals authorized to
8. The Board of Directors must convene the represent the Bank are:
Annual GMS and other GMS meetings as a. Other members of the Board of Directors
stipulated in statutory regulations and the who do not have a conflict of interest with
Articles of Association. the Bank;
b. The Board of Commissioners, in the event
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that all members of the Board of Directors 19. In relation to the Resolution Plan and
have a conflict of interest with the Bank or Recovery Plan, the Board of Directors is
c. Other parties appointed by the GMS in the required to:
event that all members of the Board of a. Develop a resolution plan, including
Directors or the Board of Commissioners necessary improvements and/or
have a conflict of interest with the Bank. corrective actions based on the results of
resolvability tests;
16. The duties and responsibilities of each b. Ensure the accuracy and completeness of
member of the Board of Directors and the data, information, and/or documents as
Acting Director are determined through a referred to in point (a);
Board of Directors Meeting, documented in c. Submit the resolution plan, improvements,
the Meeting Minutes or a Board of Directors’ and/or updates to the Board of
Resolution, which serves as a guideline for the Commissioners for approval;
Board members. The Acting Director refers to d. Submit the resolution plan, recovery plan,
a serving member of the Board of Directors improvements, and/or take corrective
who temporarily replaces a Director who is actions based on resolvability test results
unable to perform their duties due to official to the Indonesia Deposit Insurance
meetings, business trips, or other reasons. The Corporation (LPS) within the specified
Acting Director is prohibited from carrying timeframe;
out the replaced Director’s duties for more e. Implement the plan to address potential
than six (6) months. obstacles in executing resolution action
options.
17. In carrying out the Internal Audit function, the
Board of Directors is responsible for: 20. In relation to the Integrity of the Bank’s
a. Developing an internal control framework Financial Reporting, the Board of Directors is
to identify, measure, monitor, and manage responsible for:
all risks faced by the Bank; a. Preparing and presenting financial
b. Ensuring that the Internal Audit Unit information and financial reports;
(SKAI) receives information related to b. Ensuring that the preparation and
ongoing developments, project initiatives, presentation of financial reports comply
products, operational changes, and with financial accounting standards and
identified and anticipated risks; the Financial Services Authority (OJK)
c. Ensuring appropriate corrective actions regulations regarding financial transaction
are taken. recording;
c. Ensuring the completeness and accuracy
18. In relation to the Bank’s Business Plan, of the financial report contents; and
Corporate Plan, and Sustainable Finance d. Implementing internal controls in the
Action Plan (“Plan”), the Board of Directors is Bank’s financial reporting process.
required to:
a. Develop the plan, including necessary Additionally, the Board of Directors must
improvements and/or corrective actions submit an internal control report on the
based on test results; Bank’s financial reporting process to the OJK,
b. Ensure the accuracy and completeness of as stipulated in the regulations, which must
data, information, and/or documents as include at least:
referred to in point (a); a. A statement from the Board of Directors
c. Submit the plan, improvements, and/or regarding its responsibility for the
updates to the Board of Commissioners implementation of internal controls in the
for approval; Bank’s financial reporting process; and
Tbk
d. Submit the plan, improvements, and/or b. The Board of Directors’ assessment of the
Tbk
Syariah
take corrective actions within the specified effectiveness of internal controls in the
Syariah
timeframe; Bank’s financial reporting process.
e. Implement the plan to address potential
BTPN
obstacles. 21. In the implementation of Sharia governance,
BTPN
members of the Board of Directors are
Bank
required to disclose:
Bank
a. Financial relationships with members of
PTPT
the Sharia Supervisory Board; and
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annual report 2024 | good corporate governance
b. Family relationships up to the second in banking operations as an Executive
degree with members of the Sharia Officer.
Supervisory Board in the Sharia d. The Board of Directors is led by the
Governance Implementation Report, President Director. If necessary, another
as stipulated in the regulations on the member of the Board of Directors may be
Implementation of Sharia Governance for appointed as the Vice President Director.
Sharia Commercial Banks. e. The majority of the Board of Directors
members must not have financial,
President Director management, share ownership, and/
or family relationships up to the second
1. Appointment of the President Director degree with fellow members of the Board
a. The President Director of BTPN Syariah of Directors, members of the Board of
must be independent of the controlling Commissioners, members of the Sharia
shareholder. Supervisory Board, or the controlling
b. The dismissal or replacement of the shareholder.
President Director is further regulated in
the Board of Directors’ Charter 2. Requirements for Membership in the Board of
Directors
2. Duties and Responsibilities of the President a. Individuals who may be appointed
Director Without limiting the rights of the and serve as members of the Board of
Board of Directors as stipulated in the Directors must:
Articles of Association and other applicable 1) Has good character, morals, and
regulations, the President Director has the integrity.
authority to: 2) Capable of carrying out legal actions.
a. Coordinate the activities of the Board 3) In the last 5 (five) years prior to the
of Directors and ensure the effective appointment and during the tenure:
distribution of duties among its members. 1. Has never been declared bankrupt.
b. Organize meeting schedules and 2. Has never been a member of the
determine the agenda that falls under the Board of Directors and/or the Board
responsibilities and priorities of the Board of Commissioners found guilty of
of Directors. causing a company to be declared
c. Determine the list of meeting invitees. bankrupt.
d. Ensure the adequacy and availability of 3. Has never been convicted of
the information necessary for decision- committing a criminal act that
making. harms the state finances and/or
e. Make decisions on behalf of the Board of related to the financial sector.
Directors in the event of a deadlock. 4. Has never been a member of
the Board of Directors and/or
composition and criteria for members Commissioners during the tenure:
of the Board of Directors i. The company failed to hold an
Annual GMS.
1. Organizational Structure ii. Their accountability as a
a. The Board of Directors must consist of at member of the Board of
least three (3) members. Directors and/or Board of
b. All members of the Board of Directors Commissioners was rejected
must be domiciled in Indonesia. by the GMS or they failed to
c. The majority of Board of Directors provide an accountability report
members must have at least four (4) as a member of the Board
years of experience as Executive Officers of Directors and/or Board of
PT Bank BTPN Syariah Tbk
in banking, with at least one (1) year of Commissioners to the GMS.
experience as an Executive Officer in an iii. They caused a company that had
Islamic Commercial Bank (Bank Umum obtained a license, approval, or
Syariah) or an Islamic Banking Unit (Unit registration from the Financial
Usaha Syariah), including any structural Services Authority (OJK) to fail
changes. Additionally, the majority of to meet its obligations to submit
Board of Directors members must have annual reports and/or financial
a minimum of five (5) years of experience statements to the OJK.
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4) Demonstrate a commitment to 2) The Compliance Director must perform
complying with laws and regulations. compliance functions independently
from operational units.
5) Possess knowledge and/or expertise in 3) The execution of compliance
fields relevant to the Issuer or Public functions must be supported by
Company. working personnel with at least basic
knowledge and/or understanding of
Compliance with the above Sharia Banking operations.
requirements must be stated in a
Declaration Letter and submitted to f. All Board of Directors members must
the Bank. have the ability to conduct strategic
management to support the development
The Bank is required to convene a of a strong and sustainable Sharia
General Meeting of Shareholders banking sector.
(GMS) to replace any Board of
Directors member who does not meet g. All Board of Directors members must have
the stated requirements. knowledge, understanding, and capability
in implementing risk management.
b. Every proposal for the replacement and/
or appointment of a Board of Directors 3. Concurrent Positions and Prohibitions for the
member submitted by the Board of Board of Directors
Commissioners to the GMS must take a. Members of the Board of Directors
into account recommendations from are prohibited from holding concurrent
the Nomination and Remuneration positions as:
Committee. 1) A member of the Board of Directors,
Board of Commissioners, Sharia
c. The replacement and/or appointment Supervisory Board, or an Executive
of members of the Board of Directors Officer at another bank, company, and/
must prioritize professional composition, or institution.
independence, competency alignment, and 2) A functional position in a banking
appropriately consider diversity necessary financial institution and/or non-
for the effective execution of duties and banking financial institution, whether
responsibilities Board of Directors. located domestically or internationally.
3) Any other position that may create
d. Each of Board of Directors member must a conflict of interest in carrying out
pass the fit and proper test, in accordance duties as a member of the Board of
with OJK regulations regarding fit and Directors. and/or;
proper assessments.; 4) Any other position as stipulated by
applicable laws and regulations.
e. All members of the Board of Directors
must have general expertise in banking, b. The following are not considered
and at least one must possess specific concurrent positions if a member of the
expertise in one or more of the following Board of Directors:
fields in Sharia Banking and Finance, 1) Is responsible for overseeing
Economics, Human Resource, Law, investments in subsidiaries of the
Technology, Accounting or Auditing: Sharia Commercial Bank, or performs
1) At least one Board of Directors functional duties as a member of the
member must be appointed as the Board of Commissioners in a non-
Tbk
Compliance Director, responsible bank subsidiary controlled by the Bank
Tbk
Syariah
for ensuring compliance with Sharia (subject to approval from the Board of
Syariah
Principles, Financial Services Authority Commissioners Meeting).
(OJK) regulations, Bank Indonesia (BI) 2) Holds a position in a nonprofit
BTPN
regulations, and other applicable laws organization or institution, provided
BTPN
related to the role of the Compliance that it does not interfere with
Bank
Director. the execution of their duties and
Bank
responsibilities as a member of the
PTPT
Board of Directors of the Bank.
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annual report 2024 | good corporate governance
3) Carries out duties as a substitute 3) The individual concerned submits a
Director (Interim Director). statement letter their commitment
4) Holds a position in a nonprofit to always act independently while
organization or institution (must serving as the President Director or
be reported in the Board of the Director in charge the compliance
Commissioners Meeting). function, despite owning shares in the
controlling shareholder and/or the
Note: ultimate controller of the Bank.
Candidates for the Board of Directors who
hold positions as mentioned in points 1), 4. Prohibitions for the Board of Directors
2), and 4) must submit a declaration letter Each member of the Board of Directors is
stating their commitment to: prohibited from:
i. Maintaining integrity; a. Granting a general power of attorney to
ii. Avoiding any form of conflict of another party that results in the transfer
interest; and of the duties and functions of the Board of
iii. Preventing any actions that may harm Directors;
the Bank and/or cause the Bank to b. Utilizing the Bank for personal, family,
violate prudential principles. and/or other parties’ interests that may
iv. This commitment must be upheld harm or reduce the Bank’s profits;
throughout their tenure c. Taking and/or receiving personal benefits
as a member of the Board of Directors. from the Bank related to the Bank’s
business, other than remuneration
c. Members of the Board of Directors, either and other facilities determined by the
individually or collectively, are prohibited resolution of the General Meeting of
from holding 25% (twenty-five percent) Shareholders (GMS);
or more of the paid-up capital in another d. Using the Bank’s property or information
company. for personal gain;
d. The share ownership of members of the e. Competing with the Bank in securing
Board of Directors, either individually or business opportunities;
collectively, resulting from the receipt of f. Engaging in actions categorized as giving
bonuses and/or tantiem in the form of or receiving bribes as stipulated in the
shares, which leads to a 25% (twenty-five Bank’s anti-bribery policy;
percent) or greater ownership, is excluded g. Engaging personal advisors and/
from the restriction stated in point 3. or professional services as expert
e. Share Ownership by the President Director consultants, except when meeting the
or the Director Overseeing the Compliance following requirements:
Function Share ownership by the President 1) The engagement is for a specific
Director or the Director overseeing the project;
compliance function, which originates 2) It is based on a clear work contract,
from bonuses, tantiem, management which at a minimum includes the scope
stock ownership programs, and/or of work, responsibilities, duration, and
employee stock ownership programs costs;
in a company that is the controlling 3) The services are provided by an
shareholder and/or the ultimate controller independent party with specific
of the Bank, shall not be considered in the technical expertise and an adequate
assessment of independence from the standard of professional qualifications
controlling shareholder, provided that: for executing specialized projects;
1) The share ownership is a policy 4) The services are provided by a party
determined by the controlling that does not hold a structural position
PT Bank BTPN Syariah Tbk
shareholder and/or the ultimate within the Bank;
controller of the Bank and is not 5) The services are provided by a party
initiated by the President Director or that does not have the authority to
the Director in charge the compliance make operational decisions for the
function; Bank.
2) The shares are not intended for trading;
and
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composition of the Board of Directors
As of December 31, 2024, the Board of Directors of BTPN Syariah consists of five (5) members. To
promote diversity within the Board, one of the Directors is a woman.
There were no changes in the composition of the Board of Directors at BTPN Syariah throughout 2024.
All members of the Board of Directors of BTPN Syariah have met the requirements regarding number,
composition, criteria, and independence in accordance with applicable regulations and have been
declared to have passed the Fit and Proper Test conducted by the Financial Services Authority (OJK).
composition of the Board of Directors at BTPN Syariah (As of December 31, 2024)
effective
name position OJK approval
date of office
Hadi Wibowo President Director April 03, 2020 April 16, 2020
(KEP-41/D.03/2020)
Arief Ismail Compliance Director August 22, 2017 August 22, 2017
concurrently serving as (KEP-69/D.03/2017)
Corporate Secretary
Fachmy Achmad Director May 20, 2020 May 27, 2020
(KEP-58/D-03/2020)
Dwiyono Bayu Winantio Director February 26, 2021 April 21, 2021
(KEP-32/D.03/2021)
Dewi Nuzulianti Director March 10, 2023 April 12, 2023
(KEPR-2/D.03/2023)
All members of the Board of Directors at BTPN Syariah have met the requirements as Directors
in accordance with the regulations of the Financial Services Authority (OJK) regarding Sharia
Commercial Banks, the Implementation of Good Corporate Governance for Commercial Banks, the
Fit and Proper Assessment for Key Parties of Financial Services Institutions, and have also complied
with the provisions regarding the Board of Directors and Board of Commissioners for issuers or public
companies.
term of office of the Board of Directors
The term of office for members of the Board of Directors at BTPN Syariah is three (3) years and may
be reappointed. The term begins on the effective date of the appointment, as determined by the
General Meeting of Shareholders.
term of office of the Board of Directors as of December 31, 2024
no name position term of office
1 Hadi Wibowo President Director 2023 - 2026
2 Arief Ismail Compliance Director 2023 - 2026
Tbk
Tbk
3 Fachmy Achmad Director 2023 - 2026
Syariah
Syariah
4 Dwiyono Bayu Winantio Director 2023 - 2026
5 Dewi Nuzulianti Director 2023 - 2026
PTPT Bank
Bank BTPN
BTPN
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annual report 2024 | good corporate governance
independence and diversity of fellow members of the Board of Directors, the
Board of Commissioners, the Sharia Supervisory
the Board of Directors Board, or the Controlling Shareholder. The
criteria for independence are further regulated
Independence of the Board of Directors in the Board of Directors’ Guidelines and Code of
Conduct.
To ensure independence, all members of the
Board of Directors at BTPN Syariah have All members of the Board of Directors at BTPN
complied with the Financial Services Authority Syariah do not own shares amounting to 5%
(OJK) regulations, including: POJK Number. 33/ or more in the Bank or in any other banks and
POJK.04/2014 on the Board of Directors and companies, both domestically and internationally.
Board of Commissioners of Issuers or Public Additionally, they do not have financial or family
Companies, POJK Number. 21/POJK.04/2015 on relationships with the controlling shareholder,
the Implementation of Corporate Governance members of the Board of Commissioners, and/
for Public Companies Juncto, POJK Number. or other members of the Board of Directors,
16/POJK.03/2022 on Sharia Commercial as stated in the Good Corporate Governance
Banks Juncto, POJK Number. 17/2023 on the (GCG) implementation report, in accordance
Implementation of Corporate Governance for with the applicable GCG regulations for Sharia
Commercial Banks, and POJK Number. 2/2024 Commercial Banks.
on the Implementation of Sharia Governance for
Sharia Commercial Banks and Sharia Business diversity of the Board of Directors
Units.
All members of the Board of Directors
The President Director of BTPN Syariah is an are appointed by the General Meeting
independent party concerning the Controlling of Shareholders, taking into account the
Shareholder and has no financial, managerial, recommendations of the Nomination and
share ownership, and/or family relationships up Remuneration Committee, and have met the
to the second degree with other members of requirements by passing the Fit and Proper Test
the Board of Directors, members of the Board conducted by the Financial Services Authority
of Commissioners, members of the Sharia (OJK).
Supervisory Board, and/or the Controlling
Shareholder, including the ultimate Controlling The determination of diversity within the Board
Shareholder, nor any relationships with the Bank of Directors is carried out by considering the
that may affect their ability to act independently. complexity and needs of the Bank. It is based
on banking and Islamic banking knowledge,
As of December 31, 2024, all members of the expertise, professional experience, and
Board of Directors at BTPN Syariah have no background to support the effective execution of
financial, managerial, share ownership, and/or the Board’s duties, without discrimination based
family relationships up to the second degree with on gender, ethnicity, race, or religion.
characteristics of Board of Directors’ Diversity
no diversity aspects realization
1 Nationality Indonesian
2 Education Economics/ Accounting
Management
Civil Engineering
Industrial Engineering
PT Bank BTPN Syariah Tbk
3 Certifications 1. Risk Management Certification, maintained in accordance with the
qualifications of the seven areas of Banking Risk Management.
2. Treasury Dealer Certification for the Director overseeing Treasury.
3. Certified Public Accountant (CPA) Certification for the Director in charge
Finance.
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characteristics of Board of Directors’ Diversity
no diversity aspects realization
4 Work Experience 1. Served as Director of Operations at a national-scale bank.
2. Served as Director of MSME Business at a national-scale bank.
3. Served as a member of the Board of Management and Executive Officer
at a national-scale bank, overseeing areas such as Process Transformation,
Branchless Banking, Mobile Banking, Operations, Distribution and Sales
Force Development, Mass Market, E-Banking, Cash Management,
Electronic Banking, and Consumer Banking.
4. Served as Director of Risk and Director of New Business.
5. Served as an Executive Officer at an international-scale bank, overseeing
areas such as Retail Banking, Wealth Management, Consumer Credit
Risk, Portfolio Management of Consumer Credit Risk, Retail Credit Risk,
Consumer Risk, Unsecured Risk Management, Card Center, and Credit
Policy.
6. Served as an Auditor and Consultant at an international-scale public
accounting firm.
7. Served as an Executive Officer at a national-scale bank, overseeing
Accounting, Finance, Investor Relations, and Treasury.
8. Served as a Member of the Sharia Accounting Standards Board of
Indonesia.
9. Served as Chief of Financing Business at a national-scale bank.
10. Served as Senior Vice President at a national-scale bank.
11. Served as a member of the Board of Management, overseeing Financing
Business Planning & Support at a national-scale bank.
12. Served as an Executive Officer, overseeing Business Planning and Assurance,
Business Development, Assurance & Support, Alignment & Customer
Experience, Human Capital Corporate & Business Partner, Corporate
Human Capital, Human Capital for Retail Banking, Corporate Human
Capital & Human Capital for Operations, IT & Support Functions, HC
Operations & Services, HR Operations & Information System, Human
Resources for Retail Banking, Rewards and Relationship Management,
Rewards & Performance Management, and other Human Resources roles
related to Compensation & Benefits, Service Center, Performance Appraisal
Coordination, and Operations & Procedures.
4 Gender 1 Female Member of the Board of Directors
4 Male Members of the Board of Directors
scope and areas of responsibility of the Board of Directors
The division of duties, authorities, and responsibilities of the Board of Directors at BTPN Syariah is
outlined in the Board of Directors’ Decision Letter regarding the Division of Duties, Authorities, and
Responsibilities of the Board of Directors, Number. SK.004/DIR/CSGC/VI/2024, dated June 3, 2024.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
350
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annual report 2024 | good corporate governance
name position duties and responsibilities
Hadi Wibowo President Director Coordinates the tasks among the members of the Board of
Directors and is directly responsible for the Internal Audit,
Human Resources, and Information Technology functions.
Works together with other members of the Board of
Directors to coordinate, direct strategic policies, and oversee
all operational activities of the Bank to ensure effective and
efficient implementation.
Ensures the implementation of good corporate governance
across all levels of the organization.
Arief Ismail Director of Compliance Coordinates and leads strategies in the areas of Compliance,
and Risk Management Risk Management, and Cybersecurity.
(concurrently serving
as Corporate Ensures that all policies, regulations, systems, procedures,
Secretary) and business activities conducted by the Bank comply with
applicable laws and regulations.
Ensures the effective implementation of good corporate
governance across all levels of the organization.
Fachmy Achmad Director Leads and coordinates strategies in the areas of Finance,
Treasury, Financial Institutions, Operations, and Consumer
Protection.
Directors in charge to overseeing the Bank’s equity
participation in Subsidiaries as part of functional supervisory
duties.
Ensures the effective implementation of good corporate
governance across all levels of the organization.
Dwiyono Bayu Director Leads and coordinates business development initiatives.
Winantio
Ensures the effective implementation of good corporate
governance across all levels of the organization.
Dewi Nuzulianti Director Leads and coordinates business development initiatives.
Ensures the effective implementation of good corporate
governance across all levels of the organization.
affiliated relations
family relations with financial relations with
Board of Board of Controlling Board of Board of Controlling
no name position period Commissioners Directors Shareholder Commissioners Directors Shareholder
1 Hadi President 2020 - None None None None None None
Wibowo Director present
2 Arief Director of 2017 - None None None None None None
Ismail Compliance present
PT Bank BTPN Syariah Tbk
3 Fachmy Director 2020 - None None None None None None
Achmad present
4 Dwiyono Director 2021 - None None None None None None
Bayu present
Winantio
5 Dewi Director 2023 - None None None None None None
Nuzulianti present
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concurrent positions of Board of appropriate diversity required for the
Directors Members effective execution of the Board’s duties
and responsibilities.
As of December 31, 2024, no members of d. The dismissal or appointment of Board
the Board of Directors of BTPN Syariah hold members must be conducted with the
concurrent positions as members of the Board best interests of the Bank as the primary
of Commissioners, Directors, or Executive consideration.
Officers in banking institutions, companies, or e. The Bank is required to hold a GMS to
other organizations beyond the maximum limits replace any member of the Board of
permitted by regulations. Directors who fails to meet the legal and
regulatory requirements..
changes in the composition of the
Board of Directors reappointment
The Board of Directors’ Charter at BTPN Syariah The charter regarding the reappointment of
regulate changes in the composition of the Board members of the Board of Directors at BTPN
of Directors, including provisions on Nomination Syariah regulate the following:
and Appointment, Replacement, Reappointment, a. The term of office for a member of the
Replacement or Dismissal Before the End of the
Board of Directors is 3 (three) years and
Term, Replacement or Dismissal of the President
may be reappointed, starting from the
Director and/or the Director in Charge of
Compliance Functions, as well as the resignation effective date of the appointment as
of Board members. determined by the General Meeting of
Shareholders (GMS).
nomination and appointment
b. Any proposal for the replacement
The Board of Directors’ Charter at BTPN Syariah and/or appointment of a Board of
stipulate that a candidate may be nominated Directors member by the Board of
and appointed as a member of the Bank’s Board Commissioners to the GMS must take
of Directors if they meet the legal and regulatory into consideration the recommendations
requirements, including fulfilling all membership from the Nomination and Remuneration
eligibility criteria.
Committee.
replacement c. The GMS determines the effective date
The Board of Directors’ Charter at BTPN Syariah of the appointment and/or termination
regulate the replacement of Board members, of the term of office of the Board of
including the following provisions: Directors member.
a. The General Meeting of Shareholders
(GMS) has the right to replace members d. If necessary, or in specific circumstances
of the Board of Directors before the requiring a Board of Directors member
end of their term or in the event of their to serve more than two terms, the
resignation. Any proposal for replacement Nomination and Remuneration
or appointment must meet the Committee must provide the reasons and
membership eligibility criteria and consider considerations for such a decision to the
the recommendations of the Nomination Board of Commissioners to be presented
and Remuneration Committee. at the GMS.
b. The Bank establishes criteria, mechanisms,
and procedures for the appointment, e. A Director’s position will automatically end
replacement, dismissal, and/or resignation if the Director: berakhir, jika Direksi:
Tbk
of Board members in its Articles of 1) Resigns;
Tbk
Syariah
Association, including the authority 2) No longer meets the legal
Syariah
granted to the Board of Directors in requirements;
accordance with applicable regulations. 3) Passes away;
BTPN
c. The replacement and/or appointment 4) Is dismissed based on the GMS
BTPN
of Board members must prioritize decision;
Bank
professionalism, independence, 5) Is declared bankrupt or under
Bank
competency alignment, and the guardianship by a court ruling.
PTPT
352
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annual report 2024 | good corporate governance
f. The Board of Directors, through a Board of b. The resigning Director is required to
Directors’ Decision, establishes: submit a formal resignation request to the
1) The Bank’s organizational structure, Bank.
including the task divisions of the Board c. A Director who has submitted written
of Directors members; notice of resignation is not permitted to
2) The mechanism for appointing a make any decisions that would legally bind
replacement Director; and the Bank or affect its financial condition.
3) The mechanism in case the
replacement Director is unable to policy on resignation of Directors
perform their dutie involved in financial crimes
g. During their term of office, the task The charter regarding the resignation of
assignments of members of the Board of members of the Board of Directors at BTPN
Directors may be reassigned or changed to Syariah stipulate that a member of the Board
other responsibilities, in accordance with of Directors must submit their resignation to
the Bank if they are involved in financial crimes,
the mechanism set out in the Articles of
in accordance with the applicable regulations as
Association.
outlined in the guidelines and work regulations
for the Board of Directors.
replacement or dismissal before the end
of term exemption or discharge of duties and
The Board of Directors’ Charter regarding the
responsibilities (Acquit et de Charge)
replacement or dismissal of members of the
The Board of Directors’ Charter regarding
Board of Directors before the end of their term the release of duties and responsibilities of
at BTPN Syariah regulate that the General members of the Board of Directors at BTPN
Meeting of Shareholders (GMS) has the right Syariah stipulate that the discharge of duties
to dismiss a Board of Directors member at any and responsibilities for members of the Board
time before the end of their term. Alternatively, a of Directors whose term has ended is carried
Board of Directors member may be temporarily out through the Annual General Meeting of
dismissed by the Board of Commissioners, Shareholders (GMS).
provided that the reasons for dismissal are
stated, and the dismissal is communicated in disclosure of share ownership by the
writing to the concerned Director. Board of Directors
A Director who is dismissed is given the The Board of Directors’ Charter regarding share
opportunity to defend themselves before the ownership by members of the Board of Directors
stipulate the following:
GMS makes a decision to proceed with the
dismissal. A defense is not required if the Director a. Members of the Board of Directors, either
accepts the dismissal. individually or collectively, are prohibited
from owning 25% (twenty-five percent) or
The Board of Directors’ Charter also regulate more of the paid-up capital in any other
the replacement or dismissal of the President company.
Director and/or Directors overseeing the b. The ownership of shares by members of
compliance function, in accordance with the the Board of Directors, either individually
provisions of OJK Regulation Number 17 of 2023 or collectively, in connection with the
concerning the implementation of governance for receipt of bonuses and/or dividends in
Commercial Banks. the form of shares that result in owning
25% (twenty-five percent) or more of the
resignation shares is exempted from item a.
PT Bank BTPN Syariah Tbk
c. Share ownership by the President Director
The Board of Directors’ Charter regarding the or Director overseeing the compliance
resignation of members of the Board of Directors function, which arises from bonuses,
at BTPN Syariah regulate the following: dividends, stock ownership programs for
a. A member of the Board of Directors has management,
the right to resign from their position
by notifying the Bank in writing of their
intention.
353
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and/or stock ownership programs for employees in companies that are controlling shareholders
and/or the ultimate controlling shareholders of the Bank, is not considered in the assessment of
independence regarding controlling shareholders, provided that:
1) The share ownership is a policy of the controlling shareholder and/or ultimate controlling
shareholder of the Bank and is not an initiative of the President Director or Director in charge
the compliance function.
2) The share ownership is not intended for trading; and
3) The concerned individual submits a statement declaring that they will always act
independently while serving as the President Director or Director in charge the compliance
function, even if they own shares in the controlling shareholder and/or the ultimate controlling
shareholder of the Bank.
In compliance with the Financial Services Authority Regulation Number 59/POJK.03/2017 regarding
the Implementation of Governance in Remuneration for Sharia Commercial Banks and Sharia Business
Units (“POJK Number. 59/2017”), all members of the Board of Directors as Material Risk Takers at
BTPN Syariah have received shares of BTPN Syariah, acquired as part of a variable deferred bonus
component based on the Company’s performance. The distribution and placement of these shares
have been carried out in accordance with the recommendations of the Nomination and Remuneration
Committee, the approval of the Board of Commissioners, and regulatory provisions.
disclosure of share ownership in BTPN Syariah by members of the Board of Directors (As of December 31, 2024)
share ownership
name position total share ownership
percentage (*)
Hadi Wibowo President Director 0,002508% 193.200
Arief Ismail Compliance Director 0,003179% 244.900
Fachmy Achmad Director 0,001320% 101.700
Dwiyono Bayu Winantio Director 0,001303% 100.400
Dewi Nuzulianti Director 0,00000% -
Note
*Represents direct share ownership received as part of variable remuneration for members of the Board of Directors, referring to Financial Services
Authority Regulation Number 59/POJK.03/2017 on the Implementation of Governance in the Provision of Remuneration for Sharia Commercial Banks
and Sharia Business Units.
transparency/disclosure
The Board of Directors’ Charter required to disclose in the Corporate Governance Implementation
Report (Good Corporate Governance)
a. the share ownership and any changes in share ownership in the Bank, no later than 3 (three)
business days after the ownership or any change in ownership occurs, and report to the OJK
(Financial Services Authority) no later than 10 (ten) days from the occurrence of the share
ownership or change in ownership.
b. Share ownership reaching 5% (five percent) or more, whether in the Bank, or in the Bank and
other companies, both domestic and foreign.
c. The obligation to report changes in share ownership in a Public Company applies to any change
Tbk
in ownership of at least 0.5% (zero point five percent) of the paid-up capital in the Public
Tbk
Syariah
Company, whether in a single or multiple transactions.
Syariah
d. Remuneration and benefits from the Bank.
e. Financial relationships with other members of the Board of Directors, the Board of
BTPN
Commissioners, the Sharia Supervisory Board, and/or the controlling shareholders of the Bank.
BTPN
f. Family relationships up to the second degree with other members of the Board of Directors, the
Bank
Board of Commissioners, the Sharia Supervisory Board, and/or the controlling shareholders of
Bank
the Bank.
PTPT
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annual report 2024 | good corporate governance
The report on ownership or any changes in The Board of Directors’ Charter stipulate that
the share ownership of the Board of Directors the Board must hold meetings regularly, at least
members has been disclosed as part of the once every month, and create a meeting schedule
Company’s Information Transparency and made for the following financial year before the end of
available on the Bank’s website throughout 2024. the current financial year.
The Board of Directors’ Charter also require the
orientation program for new Directors Board of Directors to hold joint meetings with
the Board of Commissioners regularly, at least
Through this orientation program, BTPN Syariah once every four months. The Board of Directors
expects new members of the Board of Directors and/or the Board of Commissioners may set a
to work in alignment with the Bank’s governance higher minimum number of regular meetings as
structure. The material for this orientation needed and agreed upon.
program is included in the Directors’ Training List
in the Corporate Governance Report in the 2024 These provisions apply mutatis mutandis to joint
Annual Report. meetings between the Board of Directors and
the Sharia Supervisory Board.
As there were no new members of the Board
of Directors in 2024, BTPN Syariah did not Board of Directors Meeting Policy
implement this program.
The Board of Directors’ Charter govern the
risk management certification organization of Board meetings, including the
following:
As of December 31, 2024, all current members of 1. The Board of Directors must hold regular
the Board of Directors hold Risk Management meetings at least once every month.
Certification and/or have participated in the Risk 2. A Board meeting may take place if the
Management Refreshment Program, as detailed majority of the Board members are present or
in the Company Profile section of this Annual represented.
Report. 3. The Board of Directors must hold joint
meetings with the Board of Commissioners
The maintenance program refers to the regularly, at least once every four months.
qualification in 7 areas of banking risk The Board of Directors and/or the Board of
management in accordance with OJK Regulation Commissioners may set a higher minimum
Number. 24 of 2022 concerning the Development number of regular meetings as needed and
of Human Resources Quality in Commercial agreed upon.
Banks and OJK Circular Letter Number. 28/ 4. The Board of Directors must hold joint
SEOJK.03/2022 regarding Risk Management meetings with the Sharia Supervisory Board
Certification for Human Resources in regularly, at least once every four months.
Commercial Banks. The Board of Directors and/or the Sharia
Supervisory Board may set a higher minimum
Board of Directors Meetings and Joint number of regular meetings as needed and
Meetings with the Board of Commissioners agreed upon.
and the Sharia Supervisory Board 5. Board meetings may be attended by other
invited parties, both internal and external to
In compliance with OJK Regulation Number. 2 of the Bank.
2024 on the Establishment of Sharia Governance 6. The Board of Directors must schedule
for Sharia Commercial Banks and Sharia meetings for the following year before the
Business Units, the Board of Directors has held end of the current financial year.
joint meetings with the Board of Commissioners 7. For scheduled meetings, the meeting
and the Sharia Supervisory Board, as further materials must be provided to participants at
PT Bank BTPN Syariah Tbk
explained in the Sharia Supervisory Board section least 5 (five) days before the meeting is held.
of the 2024 Annual Report. 8. In the event that a meeting is held outside the
pre-scheduled agenda, the meeting materials
must be provided to the participants no later
than before the meeting takes place.
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9. Every policy and strategic decision must be the quorum. Any decisions made in a meeting
made through a Board of Directors meeting, held in this manner are valid and binding. All
in accordance with the applicable regulations. terms and conditions regarding the Board of
10. The Board of Directors meeting is chaired Directors meeting, as outlined The Board of
by the President Director, or in the event Directors’ Charter, apply to meetings in which
of absence, by another Director appointed Board members participate as described in
during the meeting, without the need for this point.
validation from third parties. 21. The Board of Directors may also make valid
11. Decision-making in Board of Directors decisions without holding a formal meeting,
meetings is done based on consensus. provided that all Board members are notified
12. In the event that consensus is not reached, in writing and all members give their written
decision-making will be done based on a approval through a circular resolution by
majority vote. signing the circular. Decisions made this way
13. All decisions made legally in the Board of have the same legal effect as decisions made
Directors meeting are binding for all Board in a formal Board of Directors meeting.
members. 22. A Board member cannot make decisions
14. Any differences of opinion during the Board during a Board of Directors meeting
of Directors meeting must be clearly stated in regarding matters in which they have a
the meeting minutes along with the reasons conflict of interest with the Bank, unless
for the differing opinions. otherwise determined by the meeting.
15. The results of the Board of Directors meeting
must be documented in the meeting minutes frequency and attendance rate of the
and properly recorded. Board of Directors at meetings and Board
16. The meeting minutes must be kept by the of Directors meetings with the Board
Corporate Secretary and distributed to all of Commissioners, as well as the Sharia
Board members upon request. Supervisory Board in 2024
17. A notice for the Board of Directors meeting
can be sent via email, registered letter, or a Throughout 2024, the Board of Directors held
delegation memo from the Board of Directors 38 (thirty-eight) meetings out of the 36 (thirty-
to the Corporate Secretary to distribute six) meetings scheduled, in accordance with the
the meeting calendar to the Board for the provisions of the Board of Directors’ Charter and
current year’s meeting schedule, including the the Articles of Association of BTPN Syariah, as
meeting time and agenda approved by the part of the effort to implement good Corporate
Board. Governance (GCG) for the Sharia Commercial
18. A Board of Directors meeting is valid and Bank.
authorized to make binding decisions if more
than half (1/2) of the total Board members The Board of Directors made 13 (thirteen)
are present or represented at the meeting. Circular Resolutions in 2024, in accordance with
19. A Board member may be represented at a the provisions of the Articles of Association
Board of Directors meeting only by another of BTPN Syariah and The Board of Directors’
Board member with a power of attorney. A Charter, which stipulate that the Board of
Board member may represent only one (1) Directors may also take legally valid and binding
other Board member. decisions without holding a meeting, provided
20. Board members may participate in the Board that all serving members have been notified in
of Directors meeting via conference call, video writing and all serving members of the Board
conference, or similar communication systems of Directors provide their approval in writing
that allow all participating members to see, by signing the proposal. Decisions made in this
hear, and speak with each other. Participation manner hold the same legal force as decisions
Tbk
in this manner will be considered as direct made during a formal Board of Directors
Tbk
Syariah
attendance of the Board member in the meeting.
Syariah
meeting and will count toward determining
PTPT Bank
Bank BTPN
BTPN
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annual report 2024 | good corporate governance
During 2024, the joint meetings of the Board and/or Board of Commissioners members to
of Directors and the Board of Commissioners participate in meetings via teleconference,
were held 10 (ten) times, out of a total of 4 videoconference, or other communication means
(four) planned meetings, in accordance with the that enable all participants to see, hear, and
implementation of Good Corporate Governance speak to one another.
(GCG) for Sharia Commercial Banks and the
Board of Directors’ Work Guidelines, and no In accordance with The Board of Directors’
circular resolutions were made. Charter, the invitations and meeting materials
for both the Board of Directors meetings and
As part of compliance with OJK Regulation joint meetings with the Board of Commissioners
Number. 2 of 2024 on the Implementation of were sent to all meeting participants before the
Sharia Governance for Sharia Commercial Banks meetings took place.
and Sharia Business Units, the Board of Directors
held 3 (three) joint meetings with the Board Decisions in both the Board of Directors
of Commissioners and the Sharia Supervisory meetings and the joint meetings with the
Board during 2024. Details of the joint meetings Board of Commissioners were made based on
with the Board of Commissioners and the Sharia deliberation to reach a consensus. There were
Supervisory Board are explained in the Sharia no dissenting opinions on any decisions made in
Supervisory Board section of this 2024 Annual the meetings or on any agenda items during the
Report. Board of Directors meetings or joint meetings
with the Board of Commissioners in 2024.
The mechanism for the Board of Directors’ joint
meetings with the Board of Commissioners Throughout 2024, the provisions regarding the
and Sharia Supervisory Board was conducted number of meetings and attendance by members
in a hybrid format, both online and face-to- of the Board of Directors at both the Board of
face, in 2024. This approach adhered to the Directors meetings and joint meetings with the
provisions of the Articles of Association and The Board of Commissioners were in compliance with
Board of Directors’ Charter and/or Board of the regulations.
Commissioners, which allow Board of Directors
Board of Directors meetings
Actual Number of Meetings and Attendance of Board Members at Board of Directors Meetings and
Joint Meetings with the Board of Commissioners in 2024
total attendance total number of
percentage of percentage of
of Board of joint meetings of the
attendance of Board of Directors’
Directors Members Board of Directors
name of Board of Board of Directors attendance at
at Board of with the Board of
Directors Members members at joint meetings
Directors Meetings Commissioners
Board of Directors with the Board of
(realization/ (realization/
meetings Commissioners
planned) planned)
Hadi Wibowo 38/36 100% 10/4 100%
Arief Ismail 37/36 100% 10/4 100%
Fachmy Achmad 38/36 100% 10/4 100%
Dwiyono Bayu 38/36 100% 10/4 100%
Winantio
PT Bank BTPN Syariah Tbk
Dewi Nuzulianti 38/36 100% 10/4 100%
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agenda of the Board of Directors’ meetings in 2024
date of
no minutes of meeting number meeting agenda
meeting
1 MOM.001/DIR/CSGC/I/2024 January 8, 1. Internal Audit Dashboard Update
2024 (as of December 31, 2023);
2. UPPK Semester Update (as of December 31, 2023);
3. Daya Quarterly Update Update (as of 31 December 2023);
4. Corporate & Marketing Communication Quarterly Update
(as of December 31, 2023)
2 MOM.002/DIR/CSGC/I/2024 January 15, 1. ALCO Update (as of December 31, 2023);
2024 2. Financing Business Update (as of December 31, 2023);
3. Retail & Wholesale Funding Business Performance Update
(as of December 31, 2023);
4. Operations Dashboard Update (as of December 31, 2023)
3 MOM.003/DIR/CSGC/I/2024 January 22, 1. Financial Performance & KSI Update
2024 (as of December 31, 2023);
2. Risk Management Committee Update
(as of December 31, 2023);
3. Anti Fraud Management Quarterly Update
(as of December 31, 2023);
4. Compliance Quarterly Update (as of December 31, 2023)
4 MOM.005/DIR/CSGC/II/2024 February 5, 1. Internal Audit Dashboard Update
2024 (as of January 31, 2024);
2. RBBR & ICAAP Update (as of December 31, 2023).
5 MOM.006/DIR/CSGC/II/2024 February 12, 1. Business Non TUR Update (as of January 31, 2024);
2024 2. Retail & Wholesale Funding Business Performance Update
(as of January 31, 2024).
6 MOM.007/DIR/CSGC/II/2024 February 19, 1. Financial Performance & KSI Update
2024 (as of January 31, 2024);
2. ALCO Update (as of January 31, 2024);
3. Business Committee Update (as of January 31, 2024);
4. Risk Management Committee Update
(as of January 31, 2024);
5. IT Dashboard (Including ITSC) Update
(as of January 31, 2024);
6. Resourcing Update (as of January 31, 2024);
7. HC Dashboard Update (as of January 31, 2024)
7 MOM.008/DIR/CSGC/II/2024 February 22, Proposed Resolutions for the 2024 Annual General Meeting of
2024 Shareholders (AGMS) for Agenda Items
1, 4, and 5
8 MOM.009/DIR/CSGC/III/2024 March 5, 2024 Internal Audit Dashboard Update (as of February 29, 2024)
9 MOM.010/DIR/CSGC/III/2024 March 13, 1. Financial Performance & KSI Update (as of February 29,
2024 2024);
2. ALCO Update (as of February 29, 2024);
3. Retail & Wholesale Funding Business Performance Update
(as of February 29, 2024)
10 MOM.011/DIR/CSGC/III/2024 March 18, 1. Risk Management Committee Update
2024 (as of February 29, 2024);
2. Operations Dashboard Update
Tbk
(as of February 29, 2024);
Tbk
3. Business Committee Update (as of February 29, 2024);
Syariah
4. Resourcing Update(as of February 29, 2024);
Syariah
5. HC Dashboard Update(as of February 29, 2024)
BTPN
11 MOM.012/DIR/CSGC/IV/2024 April 16, 1. Internal Audit Dashboard Update
BTPN
2024 (as of March 31, 2024);
2. Daya Quarterly Update (as of March 31, 2024);
Bank
Bank
3. Corporate & Marketing Communication
4. Quarterly Update (as of March 31, 2024);
PTPT
5. Anti Fraud Management Quarterly Update
(as of March 31, 2024)
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annual report 2024 | good corporate governance
date of
no minutes of meeting number meeting agenda
meeting
12 MOM.013/DIR/CSGC/IV/2024 April 22, 1. ALCO Update (as of March 31, 2024);
2024 2. Financing Business Update (as of March 31, 2024);
3. Retail & Wholesale Funding Business Performance Update
(as of March 31, 2024);
4. Compliance Quarterly Update (as of March 31, 2024)
13 MOM.016/DIR/CSGC/V/2024 May 6, 1. Internal Audit Dashboard Update
2024 (as of April 30, 2024);
2. Eksplorasi Potensi Sinergi antara BTPN Syariah dan BTPN
14 MOM.018/DIR/CSGC/V/2024 May 13, 1. Financial Performance & KSI Update
2024 (as of April 30, 2024);
2. ALCO Update (as of April 30, 2024);
3. Business Committee Update (as of April 30, 2024);
4. Business Non TUR Update (as of April 30, 2024);
5. Retail &Wholesale Funding Business Performance Update
(as of April 30, 2024)
15 MOM.019/DIR/CSGC/V/2024 May 20, 1. IT Dashboard (including ITSC) Update
2024 (as of April 30, 2024);
2. Operation Dashboard Update (as of April 30, 2024);
3. Resourcing Update (as of April 30, 2024);
4. HC Dashboard Update (as of April 30, 2024)
16 MOM.020/DIR/CSGC/VI/2024 June 10, 2024 Internal Audit Dashboard Update (as of May 31, 2024)
17 MOM.021/DIR/CSGC/VI/2024 June 19, 1. Financial Performance & KSI Update (as of May 31, 2024);
2024 2. Permintaan Persetujuan Direksi atas Perkembangan Key
Strategic Inititives pada Rencana Bisnis Bank (RBB) 2024-
2026;
3. Permintaan Persetujuan Direksi atas Rencana Aksi
Keuangan Keberlanjutan 2020 – 2024
(Aktivitas 2024);
4. ALCO Update (as of May 31, 2024);
5. Business Committee Update (as of May 31, 2024);
6. Retail & Wholesale Funding Business Performance Update
(as of May 31, 2024)
18 MOM.022/DIR/CSGC/VI/2024 June 24, 1. Resourcing Update (as of May 31, 2024);
2024 2. HC Dashboard Update (as of May 31, 2024).
19 MOM.023/DIR/CSGC/VII/2024 July 8, 1. Internal Audit Dashboard Update
2024 (as of June 30, 2024);
2. UPPK Semester Update (as of June 30, 2024);
3. Daya Quarterly Update (as of June 30, 2024);
4. Corporate & Marketing Communication
5. Quarterly Update (as of June 30, 2024)
20 MOM.025/DIR/CSGC/VII/2024 July 15, 1. Anti Fraud Management Quarterly Update
2024 (as of June 30, 2024);
2. Compliance Quarterly Update
(as of June 30, 2024)
21 MOM.026/DIR/CSGC/VII/2024 July 22, 1. ALCO Update (as of June 30,2024);
2024 2. Financing Business Update (as of June 30,2024);
3. Retail & Wholesale Business Funding Update
(as of June 30,2024);
4. Operations Update (as of June 30,2024);
PT Bank BTPN Syariah Tbk
5. Resourcing Update (as of June 30,2024);
6. HC Dashboard Update (as of June 30,2024);
7. Update terkait Kajian Upaya Penagihan/Collection atas
Nasabah Hapus Buku BTPN Syariah
22 MOM.027/DIR/CSGC/VIII/2024 August 5, 1. Internal Audit Dashboard Update
2024 (as of July 31, 2024);
2. Recovery Plan Update;
3. Update terkait Penggunaan Biometrik sebagai
4. E-Sign
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date of
no minutes of meeting number meeting agenda
meeting
23 MOM.028/DIR/CSGC/ August 12, 1. Financial Performance dan KSI Update
VIII/2024 2024
(as of July 31, 2024);
2. ALCO Update (as of July 31, 2024);
3. Business Non TUR Update (as of July 31, 2024);
4. Retail & Wholesale Business Funding Update (as of July
31, 2024)
24 MOM.029/DIR/CSGC/VIII/2024 August 19, 1. Risk Management Committee Update
2024 (as of July 31, 2024);
2. IT Dashboard (including ITSC) Update
(as of July 31, 2024);
3. Financing Business Update (as of July 31, 2024);
4. Resourcing Update (as of July 31, 2024);
5. HC Dashboard Update (as of July 31, 2024)
25 MOM.031/DIR/CSGC/IX/2024 September 9, Internal Audit Dashboard Update
2024 (as of August 31, 2024)
26 MOM.032/DIR/CSGC/IX/2024 September 17, 1. Financial Performance dan KSI Update
2024 (as of August 31, 2024);
2. ALCO Update (as of August 31, 2024);
3. Retail & Wholesale Business Funding Update (as of
August 31, 2024);
4. Resourcing Update (as of August 31, 2024)
27 MOM.034/DIR/CSGC/IX/2024 September 1. Risk Management Committee Update
23, 2024 (as of August 31, 2024);
2. Financing Business Update (as of August 31, 2024);
3. Operation Dashboard Update
(as of August 31, 2024);
4. HC Dashboard Update (as of August 31, 2024)
28 MOM.035/DIR/CSGC/X/2024 October 7, 1. Internal Audit Dashboard Update
2024 (as of September 30, 2024);
2. Daya Quarterly Update (as of September 30, 2024);
3. Corporate & Marketing Communication
4. Quarterly Update (as of September 30, 2024)
29 MOM.036/DIR/CSGC/X/2024 October 7, 1. Tepat Mobile Banking Update – NON IT;
2024 2. Tepat Mobile Banking Update –IT
30 MOM.037/DIR/CSGC/X/2024 October 14, 1. Financial Performance & KSI Update
2024 (as of September 30, 2024);
2. Anti Fraud Management Quarterly Update
(as of September 30, 2024) termasuk Tepat Mobile Online
Onboarding Progress Update.
31 MOM.039/DIR/CSGC/X/2024 October 21, 1. Financing Business Update
2024 (as of September 30, 2024);
2. ALCO Update (as of September 30, 2024);
3. Retail & Wholesale Business Funding Update
(as of September 30, 2024);
4. Compliance Quarterly Update
(as of September 30, 2024)
32 MOM.042/DIR/CSGC/XI/2024 November 4, Internal Audit Dashboard (as of October 31, 2024)
Tbk
2024
Tbk
Syariah
33 MOM.043/DIR/CSGC/XI/2024 November 11, 1. Financial Performance & KSI Update
Syariah
2024 (as of October 31, 2024);
2. Seeking BOD Approval for RBB 2025-2027
PTPT Bank
Bank BTPN
BTPN
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annual report 2024 | good corporate governance
date of
no minutes of meeting number meeting agenda
meeting
34 MOM.045/DIR/CSGC/XI/2024 November 18, 1. Financing Business Update (as of October 31, 2024);
2024 2. ALCO Update (as of October 31, 2024);
3. Business Non TUR Update (as of October 31, 2024);
4. Retail & Wholesale Business Funding Update
(as of October 31, 2024);
5. IT Dashboard (including ITSC) Update
(as of October 31, 2024);
6. Operations Dashboard Update
(as of October 31, 2024);
7. Seeking BOD Approval for RAKB 2025-2029
35 MOM.047/DIR/CSGC/XII/2024 December 9, 1. Internal Audit Dashboard
2024 (as of November 30, 2024)
2. Financing Policy Committee Update (as of November 30,
2024)
36 MOM.048/DIR/CSGC/XII/2024 December 16, 1. Financial Performance dan KSI Update
2024 (as of November 30, 2024);
2. ALCO Update (as of November 30, 2024);
3. Financing Business Update (as of November 30, 2024);
4. Retail & Wholesale Business Funding Update
(as of November 30, 2024)
37 MOM.050/DIR/CSGC/XII/2024 December 23, 1. HC Dashboard Update (as of November 30, 2024);
2024 2. Resourcing Update (as of November 30, 2024);
38 MOM.051/DIR/CSGC/XII/2024 December 23, Approval of the Board of Directors on the Proposed Board
2024 Meeting Schedule for 2025
agenda for the joint meeting of the Board of Directors and Board of Commissioners
in 2024
date of
no minutes of meeting number meeting agenda
meeting
1 MOM.004/DIR/CSGC/II/2024 February 5, 1. Follow-up on the Board of Commissioners’
2024 Recommendations from the Meeting on January 24, 2024;
2. Financial Performance & KSI Update (as of December
31, 2023) along with the Request for Approval from the
Board of Commissioners for the Publication of the Annual
Consolidated Financial Statements (Audited) as of
December 31, 2023.
2 MOM.014/DIR/CSGC/IV/2024 April 25, 1. Follow-up on the Board of Commissioners’
2024 Recommendations from the Meeting on February 5, 2024;
2. Financial Performance & KSI Update (as of March 31,
2023).
3 MOM.017/DIR/CSGC/V/2024 May 8, 1. Follow-up on the Board of Commissioners’
2024 Recommendations from the Meeting on April 25, 2024;
2. Assessment Results and Progress of the Bank’s Business
Plan (RBB) (2024-2026).
4 MOM.024/DIR/CSGC/VII/2024 July 15, 1. Follow-up on the Board of Commissioners’
2024 Recommendations from the Meeting on April 25, 2024;
PT Bank BTPN Syariah Tbk
2. Financial Performance & KSI Update
(as of June 30, 2024) along with the Request for the
Board of Commissioners’ Approval on the Planned
Publication of the Interim Financial Statements (as of
June 30, 2024).
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date of
no minutes of meeting number meeting agenda
meeting
5 MOM.033/DIR/CSGC/IX/2024 September 1. Follow-up on the Board of Commissioners’
19, 2024 Recommendations from the Meeting on July 29, 2024;
2. Financial Performance Update (as of August 31, 2024).
6 MOM.038/DIR/CSGC/X/2024 October 14, 1. Follow-up on the Board of Commissioners’
2024 Recommendations from the Meeting on October 1, 2024;
2. Preparation of the Bank Business Plan (RBB) for 2025-
2027.
7 MOM.040/DIR/CSGC/X/2024 October 23, 1. Follow-up on the Board of Commissioners’
2024 Recommendations from the Meeting on October 15, 2024;
2. Financial Performance & KSI Update (as of September 30,
2024), along with a Request for Approval from the Board
of Commissioners on the Planned Publication of the
Interim Financial Statements (Position as of September
30, 2024).
8 MOM.044/DIR/CSGC/XI/2024 November 13, 1. Follow-up on the Board of Commissioners’
2024 Recommendations from the Meeting on October 23, 2024;
2. Financial Performance Update (as of October 31, 2024).
9 MOM.046/DIR/CSGC/XI/2024 November 29, 1. Update on the Progress of Sentra Accountability Funds
2024 (UPS);
2. Development of Sentra Accountability Funds (UPS).
10 MOM.049/DIR/CSGC/XII/2024 December 19, 1. Follow-up on the Board of Commissioners’
2024 Recommendations at the Meeting on
November 29, 2024;
2. Financial Performance Update (as of November 30, 2024).
realization of circular resolutions of the Board of Directors in 2024
date of
no circular number subject
meeting
1 No.001/CIR/DIR/I/2024 January 31, Plan for the Implementation of the Annual General Meeting
2024 of Shareholders of PT Bank BTPN Syariah Tbk for the
Financial Year Ended December 31, 2023
2 No.002/CIR/DIR/II/2024 February 19, Proposal for the Appointment of a Public Accountant (AP)
2024 and/or Public Accounting Firm (KAP) to Examine or Audit the
Books of PT Bank BTPN Syariah Tbk for the Financial Year
Ending December 31, 2024
3 No.003/CIR/DIR/III/2024 March 6, Proposed Resolutions for the Second and Third Agenda Items
2024 at the Annual General Meeting of Shareholders of PT Bank
BTPN Syariah for the Financial Year Ending December 31,
2023
4 No.004/CIR/DIR/III/2024 March 7, Proposed Update on the Provisions for Granting Transaction
2024 Limits to the Board of Directors
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | good corporate governance
date of
no circular number subject
meeting
5 No.005/CIR/DIR/III/2024 March 18, Proposed Reappointment of Members of the Board of
2024 Directors and Board of Commissioners of PT Bank BTPN
Syariah Ventura for the 2024-2027 Period
6 No.005A/CIR/DIR/V/2024 May 20, Risk Management Committee Recommendations as of April
2024 30, 2024
7 No.006/CIR/DIR/VI/2024 June 12, Proposed Changes to the Composition of the Nomination and
2024 Remuneration Committee for the 2023-2026 Period
8 No.007/CIR/DIR/VI/2024 June 3, Division of Duties, Authorities, and Responsibilities of the
2024 Board of Directors
9 No.008/CIR/DIR/VI/2024 June 27, Risk Management Committee Recommendations as of May
2024 31, 2024
10 No.008A/CIR/DIR/VII/2024 July 18, Composition of Members of the Board of Director Committee
2024 in 2024
11 No.009/CIR/DIR/VII/2024 July 30, Follow-up by PT Bank BTPN Syariah as a Member Entity on
2024 the Establishment of the SMBC Financial Conglomerate
Group
12 No.010/CIR/DIR/VIII/2024 August 12, Composition of Board-Level Committees in 2024
2024
13 No.011/CIR/DIR/XI/2024 November Risk Management Committee Recommendations as of
20, 2024 October 31, 2024
Board of Directors meeting schedule for 2025
In accordance with the Articles of Association of BTPN Syariah, the Board of Directors is required to
hold regular Board of Directors meetings at least once a month and to establish a schedule for periodic
Board of Directors meetings for the following financial year before the end of the current financial year.
The Articles of Association also stipulate that at least once every four months, the Board of Directors
must hold a joint meeting with the Board of Commissioners.
The Board of Directors Meeting Schedule and Agenda for 2025 were approved by the Board of
Directors before the end of the financial year through the Board of Directors Meeting Minutes Number.
051/DIR/XII/2024 dated December 23, 2024, regarding the Board of Directors’ Approval of the
2025 Board of Directors Meeting Agenda and Memorandum No. M.012/DIR/CSGC/XII/2024 dated
December 23, 2024.
Board of Directors performance assessment
procedure for implementing the performance assessment of the Board of Directors
1. The procedure for conducting the Board of Directors’ performance assessment at BTPN Syariah is
outlined in the Nomination and Remuneration Committee Charter, taking into account the Articles
of Association and the Bank’s internal policies.
2. The performance assessment is conducted based on predetermined criteria, considering the duties
PT Bank BTPN Syariah Tbk
and responsibilities in accordance with applicable regulations, the Articles of Association, and the
Bank’s internal policies.
3. The objective of the performance assessment is to serve as a basis for the Nomination and
Remuneration Committee in providing recommendations to the Board of Commissioners regarding
the reappointment of Board members, determining Directors’ remuneration, and improving the
effectiveness of the Board of Directors’ performance.
4. The performance assessment is conducted independently through a self-assessment process
annually to evaluate the collective performance of the Board of Directors.
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The self-assessment must include at least 5. Upon obtaining OJK’s approval, the Board
the following criteria: of Directors candidates are nominated
for approval by the General Meeting of
1. Implementation of the Bank’s overall strategy. Shareholders (GMS)
2. Monitoring of the Bank’s overall strategy.
3. Monitoring of risk management within each Board of Directors’ assessment of
respective area (risk management activities) committee performance
and the implementation of good corporate
governance principles. Throughout 2024, the Board Committees
actively supported the execution of the Board of
evaluation of the Board of Directors’ Directors’ duties by ensuring that all strategies
performance and initiatives were properly implemented in
accordance with Good Corporate Governance
1. The Board of Directors is required to review (GCG) principles for Islamic Commercial
its management performance over the Banks and in compliance with the respective
financial year and report it annually. Committees’ Charter.
2. As part of the performance evaluation, the
Board of Directors must ensure that its Further details regarding committees at the
composition and qualifications are met. Board level can be found in the Corporate
3. The Board of Directors’ Performance Governance Report within this 2024 Annual
Evaluation Report is presented to Report.
shareholders during the General Meeting
of Shareholders (GMS) and included in the
report on the implementation
Annual Report as well as the Sustainability
Report. of duties and responsibilities of
4. The evaluation of the performance of Board the Board of Directors
members is conducted by the Nomination
and Remuneration Committee based on input The Board of Directors has carried out its duties
from the President Director. and responsibilities in managing BTPN Syariah
5. The results of the Board members’ throughout 2024.
performance evaluation serve as a guideline
for determining their nomination and The implementation of the Board of Directors’
remuneration. duties and responsibilities in 2024 includes:
Board of Directors succession 1. Compliance with the Board of Directors’
Charter, Articles of Association, and
nomination of Board of Directors members Applicable Laws and Regulations, as well
as Resolutions of the General Meeting of
1. The selection of Board of Directors Shareholders
candidates is not based on discrimination
regarding ethnicity, race, religion, nationality, Throughout 2024, the Board of Directors has
or gender. been fully responsible for managing the Bank
2. The selection is based on individual in accordance with the Board of Directors’
qualifications, organizational needs, and Charter, the Articles of Association, applicable
the diversity of expertise and experience laws and regulations, and resolutions of
backgrounds. the General Meeting of Shareholders. This
3. The selection process is carried out by the has been carried out in good faith and with
Nomination and Remuneration Committee prudence.
Tbk
through an evaluation of qualification
Tbk
Syariah
fulfillment and an interview process. In managing data and information related to
Syariah
4. Candidates recommended by the Nomination the Bank, the Board of Directors has ensured
and Remuneration Committee are submitted the provision of accurate, relevant, and
BTPN
to the Board of Commissioners for approval prompt data and information in accordance
BTPN
and subsequently proposed to the Financial with good corporate governance principles.
Bank
Services Authority (OJK) for the Fit and
Bank
Proper Test process.
PTPT
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annual report 2024 | good corporate governance
2. Role of the Board of Directors in Strategic 3. Alignment of Vision and Mission
Policies
In line with the implementation of Good
The Board of Directors has formulated Corporate Governance principles, the Board
strategies and ensured the implementation of of Directors has conducted an annual review
Key Strategic Initiatives (KSI) in 2024. These of the alignment between the Bank’s Vision
strategic policies have been incorporated into and Mission with its business plans and
the Bank’s Business Plan and the Sustainable initiatives.
Finance Action Plan after undergoing in-
depth reviews during Board of Directors The alignment of the Bank’s Vision and
meetings. These reviews include evaluations Mission, along with its Core Values, is
of business targets, budgets, and risks while considered to remain relevant as stated in
ensuring alignment between the Bank’s the Bank’s Business Plan for 2024-2026, the
strategy, budget, and risk appetite. The proposed plan for 2025-2027, and the RAKB
entire process is conducted with prudence 2020-2024 (2024 Indicator), as well as the
and the application of comprehensive proposed plan for 2025-2029. This alignment
risk management to formulate strategic has been approved in the Board of Directors
recommendations with clear priorities. and Board of Commissioners meeting held on
November 11, 2024.
In line with the annual implementation of KSI,
the Board of Directors has established Key Vision
Performance Indicators (KPI) to facilitate the To become the best Sharia Bank for inclusive
monitoring of the Bank’s performance both finance, transforming the lives of millions of
qualitatively and quantitatively throughout Indonesians.
2024. The Board of Directors has also
actively supervised the implementation of Mission
empowerment programs, including direct Together, we create opportunities for growth
discussions with selected community officers and a more meaningful life.
to gain deeper insights into field operations.
Core Values
The Board of Directors monitors the
implementation of strategies and strategic PRISMA
policies through regular meetings, where (Professionalism, Integrity, Mutual Respect,
follow-up actions and corrective measures Cooperation)
are determined to ensure that targets are
met as expected. In this regard, the Board of 4. Support for the Government
Directors not only tracks program outcomes
through KPIs but also ensures that each a. The Board of Directors continues the
policy and operational step aligns with the policy of enhancing customer engagement
Bank’s long-term objective of empowering the through the Daya Digital Platform,
ultra-micro segment. The Board of Directors which has been developed since 2023.
also actively communicates with the Board of Additionally, the Bank maintains its
Commissioners and the Sharia Supervisory collaboration with universities and the
Board through meetings held throughout Government through the Merdeka Belajar
2024. Kampus Merdeka (MBKM) Program.
Through this approach, the Board of Directors The Bank provides opportunities for
ensures that every strategic decision taken is students to actively participate in
not only effective in driving performance but empowerment efforts by offering one-on-
PT Bank BTPN Syariah Tbk
also aligns with the principles of prudence, one mentoring to financing customers.
good governance, and the vision, mission, and The purpose of this mentoring is to help
values of BTPN Syariah. customers and their families develop
their capabilities for a better quality of
life, fostering a sustainable relationship
between the customers and the Bank.
365
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b. Collaboration with the Ministry of c. The Board of Directors has followed up
Education, Culture, Research, and on the Resolutions of the 2024 Annual
Technology (Kemendikbudristek) In line General Meeting of Shareholders (AGMS),
with the fulfillment of POJK No. 76/ including:
POJK.07/2016 on Enhancing Financial i. Dividend Distribution The Board of
Literacy and Inclusion in the Financial Directors has executed the dividend
Services Sector to expand and improve distribution based on the financial
customer services, particularly for performance for the financial year
financing customers to receive financial ending December 31, 2023, as approved
literacy education, the Board of Directors in the 2024 AGMS, with the payment
has approved the continuation of date set for April 19, 2024.
collaboration with Kemendikbudristek in The dividend distribution aims
implementing the Certified Internship and to uphold shareholder rights and
Independent Study Program (MSIB). This continuously foster investor confidence
program is part of the Merdeka Belajar in the sustainable growth of a sound
Kampus Merdeka (MBKM) policy. In terms Sharia banking industry at BTPN
of internship funding, a total of 2,126 Syariah.
students were funded throughout 2024.
c. Continuing Collaboration with the ii. Audit Committee Evaluation The
National Committee for Sharia Economy Bank’s Audit Committee has conducted
and Finance (KNEKS) Following the Halal an evaluation of the performance
Certification Assistance Training Program of the Public Accountant and Public
(SEHATI) for Micro and Small Enterprises Accounting Firm concerning the audit
in 2023, the Board of Directors has of the Annual Historical Financial
approved a collaboration with the Halal Information as of December 31, 2023.
Inspection Agency (LPH) and the Halal
Product Assistance Training Institution iii. Appointment of External Auditor The
(LP3H) of Edukasi Wakaf Indonesia Board of Directors has appointed
(EWI).This partnership aims to facilitate Sidharta Widjaja & Rekan (an
the registration and issuance of halal Indonesian partnership and a
certification for BTPN Syariah financing member firm of the KPMG network
customers, provide training for halal of independent member firms
product process facilitators, and offer affiliated with KPMG International
joint assistance in the halal certification Cooperative) as the External Auditor
process. for the Annual Historical Financial
Information as of December 31, 2024.
5. Fulfillment of Commitments to Shareholders This appointment was made based
on the recommendation of the Audit
a. The Board of Directors has presented the Committee and approval from the
accountability report to the Shareholders Board of Commissioners.
at the Annual General Meeting of
Shareholders (AGMS) on March 20, 2024. The Bank has submitted the Public
Accountant and Public Accounting Firm
b. The Board of Directors has conducted the appointment report for the audit of the
Annual Public Exposé on August 27, 2024. Annual Historical Financial Information
as of December 31, 2024, to the
Financial Services Authority (OJK) –
Sharia Banking Supervision, with a
Tbk
copy sent to the Banking Licensing and
Tbk
Syariah
Information Department.
Bank
PTPT BTPN
Bank Syariah
BTPN
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annual report 2024 | good corporate governance
iv. Allocation of Net Profit The Bank has In particular, over the past four years,
allocated a portion of net profit as a improvements have been made in the
statutory reserve in 2024. Bank’s focus on shareholder rights,
v. Amendment to the Articles of disclosure and transparency, and the
Association The Bank has reported responsibilities of the Board of Directors
changes to the Articles of Association and Board of Commissioners. Moreover,
in 2024, in accordance with applicable the Bank continues to uphold equal
regulations. treatment of shareholders and the optimal
role of stakeholders.
d. The Board of Directors has followed up on
the Resolutions of the 2019 Extraordinary c. In line with OJK Regulation Number. 2 of
General Meeting of Shareholders (EGMS) 2024 on the Implementation of Sharia
by conducting the fourth treasury share Governance for Sharia Commercial Banks
transfer to Material Risk Takers in 2024. and Sharia Business Units, the Board of
Directors has ensured the fulfillment of
e. The Board of Directors has ensured sharia governance responsibilities within
prompt disclosure of information to the the Bank, which have been incorporated
public and the submission of all required into the Board of Directors’ Charter.
reports throughout 2024.
d. The Board of Directors has established
f. The Board of Directors has communicated initiatives and strategic measures to
the Consolidated Financial Statements, follow up on the implementation of
Bank Business Plan, Corporate Plan, POJK Number. 2 of 2024 into internal
Sustainable Finance Action Plan, Recovery regulations. These include the Bank’s plan
Action Plan, and Resolution Plan to the to amend its Articles of Association, adjust
Controlling Shareholder, which is the the number of members of the Sharia
Ultimate Parent Entity within PT Bank Supervisory Board (DPS), revise DPS
BTPN Syariah Tbk’s financial conglomerate tenure, corporate meeting regulations, and
under SMBC Group in Indonesia. DPS transparency requirements, which
must be included in the Bank’s Governance
6. Implementation of Good Corporate Report. Additionally, the Bank plans
Governance (GCG) Principles to appoint a Public Accountant/Public
Accounting Firm registered with OJK to
a. The Board of Directors has ensured conduct a review of the implementation
that BTPN Syariah, as a commercial of sharia governance, in compliance with
bank, complies with the implementation the regulatory timeframe. This initiative
of GCG regulations based on five demonstrates the Bank’s commitment to
fundamental principles. As a publicly listed upholding sharia governance as a sharia
company, BTPN Syariah’s GCG guidelines commercial bank.
encompass five key aspects, eight good
GCG principles, and 25 implementations of Further details on sharia governance
GCG aspects and principles. implementation in 2024 are presented in
this Annual Report.
b. The Board of Directors has ensured the
implementation of good GCG principles e. The Board of Directors has implemented
across all organizational levels within the sustainable finance practices in
Bank. accordance with POJK Number. 51/
POJK.03/2017 and POJK Number. 17 of
through continuous improvements. For 2023, ensuring that sustainable financial
PT Bank BTPN Syariah Tbk
more than a decade, BTPN Syariah actions contribute positively to financial
has adhered to GCG principles while system stability in Indonesia.
also striving for quality enhancements
by adopting the latest ASEAN
SCORECARDS, which were updated in
2024, with ongoing refinements over time.
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Through its policies, BTPN Syariah v. The Corporate Plan and Corporate
continues to support the Government in Plan Revisions
realizing sustainable development that vi. Updates to the Board of Directors’ and
maintains economic stability, promotes Board Committees’ Charters for 2024
inclusivity, and aligns economic, social, and vii. Changes in the Composition of Board-
environmental aspects. These principles Committees in 2024
have been integrated into the Bank’s viii. The Implementation of the 2024 GCG
initiatives and the Sustainable Finance Self-Assessment (Consolidated with
Action Plan for 2024 indicators. Subsidiaries)
ix. The Recovery Action Plan and
f. The Board of Directors has ensured Resolution Plan for 2024
the fulfillment of the Bank’s duties,
responsibilities, and obligations to i. The Board of Directors has submitted a
regulators, including the disclosure of performance accountability report for the
information through: The Annual Report financial year ending December 31, 2023,
and Sustainability Report for the 2023 to the Shareholders at the Annual General
financial year Interim and Annual Financial Meeting of Shareholders (AGMS) held on
Statements (Consolidated), submitted via March 20, 2024 and conducted the Annual
regulatory and public reporting systems Public Exposé on August 27, 2024.
Recovery Action Plan and Resolution
Report, as required for a public company j. The Board of Directors has ensured
and sharia commercial bank in 2024. the Bank’s compliance and maintained
g. The Board of Directors, supported by compliance ratio monitoring throughout
the Board Committees, has conducted a 2024, as reflected in the Bank’s adherence
review of the company’s material controls, to all financial regulatory parameters.
which include the operational, financial, BTPN Syariah has remained fully
compliance, and risk management compliant with applicable regulations,
systems of the Bank, internal control with no violations of BMPD (Minimum
systems, human resource development, Reserve Requirement) and other financial
business plan development, formulation ratios, and all banking operations have
of strategic initiatives in business been managed in accordance with
competition, maturity of information regulatory requirements.
technology readiness, and financing
policies throughout 2024. From the perspective of compliance
risk profile quality, the Board of
h. Throughout 2024, the Board of Directors Directors has fulfilled commitments to
conducted reviews and granted approvals, regulators, as evidenced by: Inherent
including for: Risk Rating maintained at Level 1 (Low)
i. The Annual Report for the 2023 Risk Management Implementation
financial year Quality Rating maintained at Level
ii. The Sustainability Report for the 2023 2 (Satisfactory) Composite Rating
financial year maintained at Level 1 (Low).
iii. The Bank’s Business Plan (RBB) and
commitment to monitoring RBB This achievement in maintaining the
realization through periodic reports to Bank’s compliance risk profile ratings
OJK in 2024 is the result of the collective efforts of
iv. The Sustainable Finance Action all supporting units, ensuring alignment
Plan (RAKB) 2020-2024 (2024 between the Bank’s business plan
Tbk
Indicators) and RAKB 2025-2029 (2025 objectives, strategic initiatives, and
Tbk
Syariah
Indicators), along with a commitment adherence to regulatory compliance
Syariah
to monitoring its implementation culture. In terms of values, the Board
together with the Board of of Directors has ensured that ethical
BTPN
Commissioners annually principles applicable to the Islamic banking
BTPN
industry have been integrated into all
Bank
activities and operational processes
Bank
throughout 2024.
PTPT
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k. The Board of Directors has implemented of the Proliferation of Weapons of Mass
POJK Number. 16 of 2022 concerning Destruction Programs in the Financial
Banking Synergy, in collaboration with Services Sector.
PT Bank SMBC Indonesia Tbk as the
Parent Entity, formalized through 10 n. The Board of Directors has ensured
Cooperation Agreements in 2024, and the implementation of the Bank’s Anti-
with subsidiaries through a Cooperation Bribery and Corruption Policy, ensuring
Agreement covering 11 areas. that business operations are conducted
free from bribery and corruption while
This Banking Synergy initiative is upholding the entrusted responsibilities
continuously refined over time to in all business and operational activities.
ensure compliance with good corporate BTPN Syariah enforces a zero-tolerance
governance principles and alignment with policy, prohibiting all forms of bribery and
operational needs and implementation any activities classified as corruption.
requirements.
In its implementation, the Board of
l. The Board of Directors has ensured the Directors takes firm action against any
fulfillment of internal audit functions, violations of this policy.
followed up on audit findings and
recommendations from the Bank’s 7. Fulfillment of Commitments to Bank Business
Internal Audit Unit, external auditors, Development and Customers, including:
and oversight recommendations from
the Financial Services Authority (OJK) a. For Financing Customers The Board of
throughout 2024. Directors has developed various policies
and programs to support business
In its implementation throughout 2024, development, ensuring the availability of
the Board of Directors has identified, infrastructure development programs,
measured, monitored, and controlled enhancement of service features tailored
all risks faced by the Bank and ensured to the needs of financing customers
that the Internal Audit Unit (SKAI) and their surrounding communities, and
receives relevant information regarding the implementation of financial literacy
developments, project initiatives, products, education programs. This includes
operational changes, and identified and continuous mentoring and empowerment
anticipated risks. The Board has also initiatives to foster a positive mindset
ensured that appropriate corrective among customers in sustaining their
actions have been taken. businesses and social lives while reinforcing
customer discipline through BDKS superior
m. The Board of Directors prioritizes the behavior practices in 2024.
implementation of a compliance culture,
including BTPN Syariah’s full commitment, Further details can be found in the
as part of the national banking industry, Management Discussion and Analysis
to adhering to regulations related to section of this Annual Report 2024.
Anti-Money Laundering (AML), Counter-
Terrorism Financing (CTF), and Prevention b. For Funding Customers
of the Financing of the Proliferation of The Board of Directors has ensured
Weapons of Mass Destruction (PFWMD), enhancements to internal policies and
as well as the Know Your Customer (KYC) procedures, including improvements in
principles. Internet Banking and Mobile Banking
features, which have been active for
PT Bank BTPN Syariah Tbk
The Bank’s implementation of the the past two years and continue to be
AML, CTF, and PFWMD programs is in developed in 2024.
accordance with OJK Regulation No. 8 of
2023 concerning the Implementation of Further details can be found in the
Anti-Money Laundering, Counter-Terrorism Management Discussion and Analysis
Financing, and Prevention of the Financing section of this Annual Report 2024.
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c. For Institutional Customers To further reinforce compliance and
The Board of Directors has approved discipline in fulfilling obligations, the
the distribution of funding to multi- Board of Directors has formulated policies
finance companies that share aligned to enhance business mentorship for
sustainability objectives with BTPN customers. The COs have been supported
Syariah in 2024. by more than 2,133 university students
from 461 universities across 26 provinces
Further details can be found in the in Indonesia as part of the Bestee Tepat
Management Discussion and Analysis program (Bersama Berdaya Sahabat
section of this Annual Report 2024. Tepat Indonesia). The Bestee program
engages the broader community in
d. In Developing the Aspiration for a Sharia providing mentorship and training for
Digital Ecosystem for the Mass Market ultra-micro customers. This intensive and
Through its subsidiary, PT BTPN Syariah personalized mentorship aims to foster
Ventura, the Board of Directors has greater independence among customers in
optimized opportunities for various managing their businesses effectively.
breakthroughs by leveraging technology
for positive impact. This initiative aims to f. Enhancing Engagement with Funding
adapt to the evolving needs of customers, Customers
improve the well-being of pre-inclusive The Board of Directors has ensured
customers, and expand the ability to serve greater engagement with funding
more customers on a sustainable basis. customers by providing convenient
transaction services from anywhere,
Further details regarding customer- prioritizing professional service, and
sharing programs can be found in the offering appropriate returns on funds
Business Review and Subsidiaries section entrusted to the Bank to empower the
of this Annual Report 2024. inclusive community.
e. Enhancing Engagement with Financing The Bank has also enhanced its Tepat
Customers Mobile Banking services by introducing
The Board of Directors has ensured new features, including zakat payment
the development of a halal ecosystem options and Sharia-related information.
by expanding partnerships for halal
certification for micro-entrepreneurs. Throughout 2024, the Board of Directors
has successfully guided the performance
Additionally, the Bank has developed of funding products at BTPN Syariah in
features that promote customer discipline line with the targets set in the Bank’s
in interacting with the Bank, including Business Plan. Thanks to the strong
biometric technology for transaction collaboration between the funding
validation, which has been further business team, product team, and
enhanced for attendance tracking at PRS business support team, the Bank has
Sentra routine meeting achieved three key targets: Increased
CASA product proportion compared to
Throughout 2024, the Bank has placed the previous year. Expanded customer
greater emphasis on strengthening four transactions, reflected in the growing
superior customer behaviors: Courage in number of transactions utilizing digital
Entrepreneurship, Discipline, Hard Work, services through the Tepat Mobile
and Mutual Assistance (BDKS). This banking app. Development of innovative
Tbk
approach serves as a key strategy for philanthropy-based products, such as the
Tbk
Syariah
business stabilization, fostering stronger Cash Waqf Linked Deposit (CWLD).
Syariah
community bonds, customer discipline,
and business development.
PTPT Bank
Bank BTPN
BTPN
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annual report 2024 | good corporate governance
To achieve three targets, the Board The role of the Board of Directors and
of Directors has implemented digital Management in implementing the
feature enhancements and additional bill Personal Data Protection (PDP) Program
payment services within the Tepat Mobile at BTPN Syariah in 2024 includes:
app. These innovations have improved i. Executive Support
customer access and broadened the Providing leadership and strategic
Bank’s service reach. Meanwhile, for the direction on the urgency and
waqf-based deposit product, the Bank importance of Personal Data
has conducted benchmarking with similar Protection (PDP) across all divisions
products in the market while ensuring that within BTPN Syariah, along with
the product development process complies ensuring resource commitment and law
with regulations and Sharia law. enforcement in its implementation.
ii. Supporting the Data Protection Role
This strategy aligns with management’s Empowering the role of Data
directives for product development, which Protection Officers (DPOs) to carry
consistently consider business viability, risk out their duties effectively and without
factors, and compliance with internal and interference, while granting them the
external regulations. necessary authority and resources to
fulfill their responsibilities.
g. Improving Customer Service Quality iii. Risk Management and Compliance
The Board of Directors has ensured Monitoring
the fulfillment of the Bank’s social Actively engaging in daily
responsibility toward customers/ regulatory practices, overseeing the
consumers by continuously improving implementation of data protection risk
service quality and customer satisfaction management processes, and enforcing
in accordance with regulatory audit and review procedures to ensure
requirements, including: continuous compliance with applicable
laws.
POJK Number. 6/POJK.07/2022 on
Consumer Protection and Public 8. Fulfillment of Commitments in Operational
Protection in the Financial Services Sector Development
POJK Number. 22/2023 on Consumer
Protection and Public Protection in the The Board of Directors has established Key
Financial Services Sector Strategic Initiatives (KSI) based on four
pillars: Strengthening business processes
h. Personal Data Protection Exploring new opportunities and advanced
The Board of Directors has ensured the products Building operational excellence
availability of policies, procedures, and Enhancing organizational capabilities
secure practices for the protection of To achieve these objectives, the commitment
personal data related to customers, to fostering superior behaviors is harmonized
employees, bank governing bodies and with the company’s core values, PRISMA.
supporting organs, shareholders, and
other stakeholders associated with the Throughout 2024, operational activities have
Bank. This is aligned with the Indonesian been supported by robust IT governance,
Personal Data Protection Law (Law ensuring that business application platforms
Number. 27 of 2022), Bank Indonesia and data are reliable in facilitating the
Regulation No. 3 of 2023 on Consumer Bank’s product development and business
Protection, and OJK Regulation Number. innovation. The Bank has optimized
22 of 2023 on Consumer and Public technology and automation, utilizing both
PT Bank BTPN Syariah Tbk
Protection in the Financial Services Sector. application-based solutions and robotic
automation mechanisms to enhance
operational efficiency throughout 2024.
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9. Fulfillment of Commitments in Strengthening d. The Board of Directors has approved the
Information Security continuation of Operational Excellence
by implementing digitalization and
The Board of Directors has ensured that automation of operational processes and
various digital innovations within the Bank other supporting functions, centralizing
are supported by modernized technology processes, exploring, and evaluating the
infrastructure, providing a resilient Bank’s operational workflows to create
information technology service. The Bank more effective, efficient, and higher-
has also strengthened security measures quality processes.
against cyberattack risks, aligning with e. The Board of Directors has approved
updated ISO 27001:2013 standards in 2024. the strengthening of the Bank’s
The Board of Directors has reinforced information technology through policies
IT governance, ensuring that business on development and modernization of
application platforms and data remain the data warehouse and data analytics
reliable to support product development platform to support accurate decision-
and business innovation. The Bank has making and reporting, as well as
optimized technology and automation, enhancing DC and DRC capabilities and
utilizing both application-based solutions and information system security capacity.
robotic automation mechanisms to enhance f. The Board of Directors has overseen
operational efficiency. Additionally, the Bank the treasury system, aiming to improve
has optimized resource utilization through control processes and support liquidity
synergies with the Parent Entity and other management.
internal initiatives, including the shared use of
office networks with the Parent Entity. 11. Fulfillment of Commitments to the
Community
10. Fulfillment of Commitments in Strengthening
the Bank’s Infrastructure a. The Board of Directors utilizes social
impact measurement as an evaluation
a. The Board of Directors has conducted tool to improve products and services
a review of the Bank’s supporting in 2024. The Bank has strengthened the
infrastructure, including updates and measurement of customer well-being
refinements to key policies, operational using a scorecard-based assessment tool,
policies, and internal procedures. developed based on the latest National
These improvements were made Socioeconomic Survey (SUSENAS) data.
while considering risk management
assessments, compliance, legal aspects, This measurement tool was designed in
information security, and applicable collaboration with credible institutions
regulations. to ensure accurate and relevant results,
b. The Board of Directors has approved the particularly within the microfinance sector.
optimization of the Bank’s Office Network
throughout 2024. b. The Board of Directors has approved
c. The Board of Directors has approved community development programs aimed
enhancements to the empowerment at fostering growth in entrepreneurship,
platform, providing customers with health, and environmental sustainability,
access to knowledge and broader market while also providing access to new
opportunities to improve the quality of markets, both online and offline. This is
customer empowerment. This digital achieved through customer mentoring
platform also allows employees and other programs that include empowerment
Tbk
stakeholders to participate in providing training in digital marketing literacy,
Tbk
Syariah
tangible support in various forms to ensuring that products created by
Syariah
financially underserved productive customers can be highly competitive with
customers. other local products. This initiative is
BTPN
expected to increase their income capacity.
Bank
PTPT BTPN
Bank
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annual report 2024 | good corporate governance
c. The Board of Directors has continued its With the issuance of POJK No. 30 of 2024
collaboration with universities and the on Financial Conglomerates and Parent
government under the Merdeka Belajar Companies of Financial Conglomerates, the
Kampus Merdeka (MBKM) Program, Board of Directors, Board of Commissioners,
providing opportunities for students to and Sharia Supervisory Board will continue
actively participate in empowerment to implement necessary adjustments in
and one-on-one mentoring for financing coordination with SMBCI, supporting SMBCI’s
customers across various regions role as the Parent Company of the SMBC
in Indonesia. This initiative directly Financial Conglomerate Group in Indonesia.
contributes to enhancing customers’ skills
and business capabilities, benefiting both Further details can be found in the Integrated
them and their families in 2024. Governance Committee section of this 2024
Annual Report.
12. Fulfillment of the Bank’s Role as a
Member Entity within the SMBC Financial 13. Supervision of Subsidiaries
Conglomerate Group in Indonesia
a. The Board of Directors has ensured,
Within the financial conglomerate structure, among other supervision of the Subsidiary
the Board of Directors has taken into account Companies regarding the implementation
OJK Letter Number. S-46/PB.11/2024, of Good Corporate Governance
dated July 29, 2024, which states that the (GCG) principles, Sharia Principles
designation of SMBCI as the Main Entity and compliance, Risk Management
of the Financial Conglomerate has been implementation, monitoring of financial
declared effective. Furthermore, BTPN and non-financial performance, quality
Syariah, PT Oto Multiartha (OTO), and Sharia services, and timely reporting
PT Summit Oto Finance (SOF), as subsidiaries throughout 2024.
of SMBCI, have been recognized as Member b. Representing BTPN Syariah as the
Entities. controlling shareholder of BTPN Syariah
Ventura, the Board of Directors has
In its implementation, the Board of Directors undertaken the following actions in 2024:
has also adhered to Financial Services 1) Approved decisions made at the Annual
Authority Regulation (POJK) Number. 18/ General Meeting of Shareholders
POJK.03/2014, dated November 18, 2014, (AGMS) of BTPN Syariah Ventura,
concerning the Implementation of Integrated including changes in the composition
Governance for Financial Conglomerates of the Board of Directors and
(“POJK on Integrated Governance”), as well Board of Commissioners in 2024
as POJK No. 30 of 2024, which regulates and Amendments to the Articles of
Financial Conglomerates and Parent Association.
Companies of Financial Conglomerates. 2) Supervised the fulfillment of duties
and responsibilities of Executive
In 2024, the Board of Directors, Board of Officers assigned with management
Commissioners, and Sharia Supervisory Board and oversight roles at BTPN Syariah
of BTPN Syariah have followed up on OJK’s Ventura.
directives regarding governance and risk 3) Ensured alignment between the Bank’s
management adjustments, including efforts Business Plan and Sustainable Finance
to comply with all applicable regulations Action Plan with those of BTPN Syariah
related to Financial Conglomerates. Ventura.
Additionally, they have submitted the 4) Monitored the implementation of good
Corporate Charter document, as stipulated corporate governance (GCG) and
PT Bank BTPN Syariah Tbk
in the relevant POJK on Financial ensured that the self-assessment of
Conglomerates. GCG implementation was conducted
on a consolidated basis with the
Subsidiary Company.
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14. fulfillment of commitments to stakeholders, b. The Board of Directors Monitored the
among others implementation of Banking Synergy
through the continuation of the
a. The Board of Directors Conducted Cooperation Agreement with SMBCI and
the 2024 Annual Public Exposé on the BTPN Syariah Ventura throughout 2024.
company’s financial performance as an c. Board representatives attended
effort to enhance communication quality coordination meetings on Banking Synergy
with shareholders and investors. monitoring and governance coordination
b. The Board of Directors has implemented meetings with the Parent Entity
information disclosure and periodically periodically in 2024.
submitted mandatory and incidental d. The Board of Directors Communicated the
reports to the Regulator and the Public implementation of Banking Synergy to the
through the Regulator’s reporting Board of Commissioners on a semi-annual
platform and the Company’s Website basis in 2024.
c. The Board of Directors has ensured e. The Board of Directors Reported the
that the preparation and presentation implementation of Banking Synergy
of the Bank’s financial information and throughout 2024 to the Regulator.
Financial Statements comply with POJK
Number 15 of 2024 on Financial Reporting 16. Fulfillment of commitments forimplementing
Integrity for Banks and adhere to financial sustainable financialactions, among others
accounting standards and OJK regulations
concerning financial transaction recording, a. A Board representative has directly
completeness, and accuracy of financial overseen the implementation of
statements, while also implementing sustainable finance actions at BTPN
internal controls in the Bank’s financial Syariah.
reporting process. b. The Board of Directors has developed,
approved, and submitted the 2025-2029
15. Fulfillment of Commitments to Banking Sustainable Finance Action Plan to the
Synergy Implementation Financial Services Authority (OJK) in 2024.
c. The Board of Directors has ensured that
a. The Board of Directors Approved the the implementation of sustainability
establishment among others of a initiatives is assessed from environmental,
dedicated unit for monitoring Banking social, economic, and governance aspects,
Synergy oversight within BTPN Syariah as outlined in the 2023 Sustainability
and the implementation of governance Report, which was communicated to
within the financial conglomerate, in stakeholders in 2024.
coordination with the Parent Entity d. The Board of Directors has communicated
(SMBCI) and Subsidiary (BTPN Syariah the implementation of initiatives under
Ventura). the 2024 Sustainable Finance Action Plan
(RAKB) to Shareholders at the Annual
General Meeting of Shareholders (AGMS)
in 2024.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | good corporate governance
17. Fulfillment of Commitments to Employees development and career pathways.
The Board of Directors has undertaken the These initiatives include the provision
following initiatives to support employees: of scholarships, long-term benefits,
insurance, and healthcare facilities in 2024.
a. The Board has implemented d. The Board has approved competency
policies to enhance the capacity of enhancement initiatives for employees,
#bankirpemberdaya through training including follow-up development efforts.
programs and leadership development This includes specialized risk management
initiatives, including “Business Manager competency training for employees in
Excelleration” and “Distribution Head relevant roles, in compliance with Islamic
Makmur.” These programs aim to banking risk management regulations.
strengthen employee leadership in the e. The Board has approved performance
financing business segment. Additionally, bonuses, salary adjustments, and a review
the Bank has introduced the “Jendela of the long-term compensation program
HC” information portal to facilitate for Senior Employees in 2024.
easy access to employment-related f. The Board has established a no-layoff
information for #bankirpemberdaya. policy for 2024.
Incentive programs and attractive career g. The Board has implemented a hybrid
progression opportunities continue to work system while ensuring the timely
be implemented, addressing turnover achievement of key performance initiatives
challenges, particularly among Credit throughout 2024.
Officers (COs), who serve as the Bank’s h. The Board has established policies
frontline. to enhance the recruitment process
b. The Board has continued to strengthen for employee fulfillment, develop
human resources (HR) and organizational capabilities through talent management,
capacity across all levels throughout 2024. and strengthen learning and talent
c. The Board has approved policies for development systems in the financing
the long-term development of human business throughout 2024.
resources, focusing on internal talent
PT Bank BTPN Syariah Tbk
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Sharia
Supervisory Board
Referring to the Sharia Banking Law No. applicable laws and regulations, the Bank’s
21 of 2008, OJK Regulation (POJK) No. 16/ articles of association, and/or resolutions of
POJK.03/2022 on Sharia Commercial Banks, and the GMS.
POJK No. 2 of 2024 on the Implementation of 6. Submit the DPS Supervision Report to the
Sharia Governance for Sharia Commercial Banks Financial Services Authority (OJK) and the
and Sharia Business Units, the Sharia Supervisory National Sharia Board – Indonesian Ulema
Board (DPS) is a board responsible for providing Council (DSN-MUI) on a semi-annual basis, no
advice and recommendations to the Board of later than two (2) months after the end of the
Directors and supervising the Bank’s activities to relevant semester.
ensure compliance with Sharia principles. 7. Report to the Financial Services Authority
(OJK) immediately if significant violations of
Members of the Sharia Supervisory Board are Sharia principles are found.
appointed and ratified through the General 8. Submit the DPS Supervision Report to OJK
Meeting of Shareholders (GMS) based on online through the OJK reporting system.
recommendations from the National Sharia Board 9. Supervise the Board of Directors’ follow-up
– Indonesian Ulema Council (DSN-MUI) and must actions regarding audit findings or inspections
meet the requirements of the fit and proper test. and recommendations from the Bank’s internal
audit unit, external auditors, OJK supervision
duties and responsibilities of the Sharia results, and/or oversight from other authorities
Supervisory Board and institutions related to the implementation
of Sharia principles.
The duties and responsibilities of the Sharia 10. Establish and adhere to binding guidelines and
Supervisory Board (DPS), as outlined in the rules for all DPS members.
latest Guidelines and Code of Conduct No. 012/ 11. Conduct periodic evaluations of risk
Pedoman Kerja/COMP/IV/2024 dated April 26, management policies and procedures
2024, are as follows:
for the ten (10) types of risks related to
1. Carry out duties and responsibilities in Sharia compliance at least once (1) a year
accordance with the Sharia Governance or whenever there are significant changes
framework and principles of Good Corporate affecting business activities, risk exposure,
Governance; and/or risk profiles significantly.
2. Supervise the Bank’s policies and management 12. Evaluate the accountability of the Board
conducted by the Board of Directors to of Directors and provide recommendations
ensure compliance with Sharia principles, take for improving the implementation of risk
responsibility for such supervision, and provide management policies for the ten (10) types
advice to the Board of Directors, including of risks related to Sharia compliance on a
issuing Sharia opinions related to the Bank’s quarterly basis.
activities; 13. Oversee the Bank’s new product development
3. Perform duties, authority, and responsibilities process to ensure alignment with the fatwas
for the benefit of the Bank in good faith; issued by the National Sharia Board –
4. Direct, monitor, and evaluate the Indonesian Ulema Council (DSN-MUI).
implementation of Sharia Governance, 14. Request fatwas from DSN-MUI for new Bank
including the application of Sharia risk products that do not yet have a corresponding
Tbk
management, Sharia compliance, integrated fatwa.
Tbk
Syariah
Sharia internal audit, and strategic policies 15. Conduct periodic reviews of Sharia compliance
Syariah
related to the implementation of Sharia in the Bank’s fund collection, fund distribution,
principles, in accordance with applicable and service mechanisms through random
BTPN
laws and regulations, the Bank’s articles of sampling activities at branches (KC/KFO/
BTPN
association, and/or resolutions of the General Wisma), and relevant business units.
Bank
Meeting of Shareholders (GMS);
Bank
5. Accept and exercise the authority delegated
PTPT
and/or granted to the DPS in accordance with
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annual report 2024 | good corporate governance
16. Provide socialization and training on Sharia 2. Concurrent Positions of DPS Members;
principles to employees to enhance their
understanding of Sharia principles. 3. Duties, Responsibilities, and Authorities;
17. Request data and information related to
Sharia aspects through the compliance unit in 4. Ethical Values of DPS and Prohibitions for DPS
the execution of its duties. Members:
18. Safeguard all data and information related to a. Conflict of Interest
the Bank in accordance with applicable laws b. Prohibited Actions for DPS Members
and regulations. c. Confidentiality
d. Fair Transactions
Throughout 2024, the Sharia Supervisory Board e. Compliance with Laws, Regulations, and
(DPS) has provided Sharia Opinions on the Bank’s Legislation
products and services through DPS meetings held f. Working Hours
regularly each month. The DPS has requested g. Transparency Aspects of the DPS
explanations from relevant Bank officials in the
respective work units and conducted assessments 5. DPS Meetings;
of Sharia compliance in accordance with DSN-
MUI principles. 6. Performance Evaluation of the DPS;
The DPS at BTPN Syariah has carried out its 7. Working Relationship Patterns Between
supervisory duties with the support of the DPS, Board of Commissioners, and Board of
Compliance Division by conducting regular Directors;
monitoring and visits to Branch Offices
throughout 2024. This was done to ensure that 8. Training;
the implementation of fund mobilization, fund
distribution, and banking services at the Branch 9. Others.
Offices complies with Sharia principles.
composition and criteria of sharia
Charter of the Sharia Supervisory Board supervisory Board Members
In carrying out its duties and responsibilities, The Sharia Supervisory Board (DPS) is appointed
members of the Sharia Supervisory Board (DPS) by the General Meeting of Shareholders (GMS)
always refer to the DPS Guidelines and Code of and holds an equal position to the Board of
Conduct, which are regularly updated and refined Commissioners. The DPS is required to report
in accordance with applicable regulations. the execution of its duties and responsibilities
to the Financial Services Authority (OJK) and
The most recent DPS Guidelines and Code of the National Sharia Board – Indonesian Ulema
Conduct are outlined in Guidelines and Code of Council (DSN-MUI) every six months in the form
Conduct No. 012/Pedoman Kerja/COMP/IV/2024, of a DPS Supervision Report.
dated April 26, 2024.
The DPS structure is designed to ensure effective
The DPS Guidelines and Code of Conduct cover and efficient decision-making processes.
the following aspects:
1. Organization The composition and criteria for DPS members,
a. Membership Requirements of the DPS as outlined in the latest Guidelines and Code of
b. Term of Office and Changes in DPS Conduct of BTPN Syariah, are as follows:
Composition 1. The number of DPS members shall be
c. Sharia Compliance Function, Sharia Risk a minimum of three (3) persons and a
Management, Sharia Internal Audit, and maximum of 50% of the total number of
PT Bank BTPN Syariah Tbk
External Review of Sharia Governance Bank Directors. The Bank aims to fulfill this
d. Supporting Functions of the DPS requirement by 2026, as mandated by POJK
No. 2 of 2024.
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2. The DPS is led by a Chairperson, who is 7. The term of office for DPS members shall be
appointed from among the DPS members. no longer than the term of office of the Board
of Directors or the Board of Commissioners.
3. If necessary, another DPS member may be
appointed as the Deputy Chairperson. 8. The term of office of a DPS member shall end
under the following conditions:
4. The appointment and/or replacement of a. Resignation; or
DPS members must consider professional b. Failure to meet the applicable legal
composition, independence, competency requirements; or
alignment, and diversity, ensuring the c. Death; or
necessary expertise for the effective execution d. Dismissal based on a resolution of the
of DPS duties and responsibilities. General Meeting of Shareholders (GMS); or
e. Declared bankrupt or placed under legal
5. Any proposal for the replacement and/or guardianship based on a court decision.
appointment of DPS members by the Board
of Commissioners to the GMS must take 9. DPS members may only hold concurrent
into account the recommendation of the positions as DPS members in a maximum of 1
Nomination and Remuneration Committee. (one) other Bank, 2 (two) financial institutions
other than Banks, and as a Sharia supervisor in
6. Each DPS member must meet the 1 (one) non-financial institution or company.
requirements by successfully passing the
Fit and Proper Test, in accordance with the All DPS members must comply with the Code of
regulations set by the Financial Services Ethics and other applicable regulations.
Authority (OJK) regarding Fit and Proper
Assessment, after obtaining a prior The Chairman of DPS is responsible for
recommendation from the National Sharia coordinating the execution of DPS duties and
Board – Indonesian Ulema Council (DSN-MUI). ensuring that DPS members receive the necessary
information to effectively carry out their duties
and responsibilities.
composition of Sharia Supervisory Board Members
the composition of the Sharia Supervisory Board (DPS) of BTPN Syariah as of december 31, 2024.
no name position effective date
1 H. Ikhwan Abidin, MA Chairman June 13, 2017
2 H. Muhamad Faiz, MA Member May 2, 2017
All members of the Sharia Supervisory Board (DPS) of BTPN Syariah have met the requirements as
DPS members in accordance with the provisions of the Financial Services Authority (OJK) regulations
on the Fit and Proper Assessment for Key Parties in Financial Services Institutions, regulations on
Sharia Commercial Banks, and regulations on the Implementation of Sharia Governance for Sharia
Commercial Banks and Sharia Business Units.
independence of the Sharia Supervisory Board
As of December 31, 2024, all members of the Sharia Supervisory Board (DPS) of BTPN Syariah
Tbk
have met the independence requirements, as evidenced by the absence of financial, managerial,
Tbk
Syariah
share ownership, and/or familial relationships up to the second degree with fellow members of the
Syariah
Sharia Supervisory Board, the Board of Commissioners, members of the Board of Directors, and/or
the Controlling Shareholder, or any other relationship that could naturally affect their ability to act
BTPN
independently.
Bank
PTPT BTPN
Bank
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annual report 2024 | good corporate governance
diversity of the Sharia Supervisory Board
All members of the Sharia Supervisory Board (DPS) at BTPN Syariah are appointed by the General
Meeting of Shareholders, taking into account recommendations from the National Sharia Council –
Indonesian Ulema Council (DSN-MUI) and the Nomination and Remuneration Committee. They have also
met the requirements by passing the Fit and Proper Test conducted by the Financial Services Authority
(OJK). The composition of the DPS is determined based on the complexity and needs of the Bank. It is
structured considering knowledge of Islamic banking, expertise, professional experience, and background
to support the execution of DPS duties. Currently, BTPN Syariah’s DPS consists of two (2) members, with
one member appointed as the Chairman of the DPS.
All DPS members of BTPN Syariah meet the requirements regarding number, composition, criteria, and
independence in accordance with applicable regulations.
realization of the independence aspect of the Sharia Supervisory Board members
sharia supervisory board
independence aspects
H. Ikhwan Abidin, MA H. Muhamad Faiz, MA
Does not own shares, either directly or indirectly, in the Bank. √ √
Does not have any business relations, either directly or √ √
indirectly, related to the Bank’s business activities.
Does not hold concurrent positions as a Director or an √ √
Executive Officer performing supervisory functions.
Has no family relationship up to the second degree with √ √
fellow members of the Board of Commissioners and/or the
Board of Directors and/or the Controlling Shareholder, or any
relations with the Bank.
characteristics of the diversity of the Sharia Supervisory Board members
no diversity aspects realization
1 Nationality Indonesian
2 Education Sharia
Islamic Economics
3 Sharia Sharia Supervisory Board Certification, Sharia Banking Level I
Islamic Economics Sharia Supervisory Board Certification, Sharia Banking Level II
Sharia Supervisory Board Certification for Financing Companies organized by the
National Sharia Board – Indonesian Ulema Council (DSN-MUI)
4 Work Experience Postgraduate Lecturer at the Institute of Quranic Sciences (IIQ)
Sharia Expert Staff to the Board of Directors at LPPI
Sharia Economics Expert
Chairman and Member of the Sharia Supervisory Board in National-Scale Banking,
Securities Companies, Financing Companies, and Asset Management
Deputy Secretary of the Fatwa Committee of the Indonesian Ulema Council
Deputy Chairman of the Bahtsul Masail Institute of PBNU
PT Bank BTPN Syariah Tbk
Deputy Caretaker of Darul Rohman Islamic Boarding School
Full Member of the National Sharia Board, Indonesian Ulema Council
Chairman of the Indonesian Ulema Council, DKI Jakarta Chapter
5 Gender 2 Males
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disclosure of concurrent positions of the Sharia Supervisory Board as of december 31, 2024
name position company name year
H. Ikhwan Abidin, MA Chairman Bank Syariah Bukopin 2000 - Present
Chairman PT Bahana Arta Ventura 2008 - Present
Chairman PT Radana Bhaskara Finance Tbk 2013 - Present
Member PT Asanusa Asset Management 2014 - Present
H. Muhamad Faiz, MA Chairman PT Indomobil Finance Indonesia (IMFI) Syariah 2012-Present
Member UUS PT Bank Tabungan Negara (Persero) Tbk 29 Nov
2023-Present
concurrent positions of the Sharia directors, board of commissioners, or an
Supervisory Board (DPS) executive officer performing supervisory
functions in one (1) non-bank subsidiary
1. DPS members are prohibited from holding controlled by the Bank;
concurrent positions as: b. Holding a position in a nonprofit
a. A member of the board of directors, board organization or institution; and/or
of commissioners, or executive officer at a c. Serving as a DPS member at another
financial institution or financial company, Bank and/or as a sharia supervisory board
whether banking or non-banking; member at a non-bank financial institution
b. A DPS member at more than one (1) other that is part of the Bank’s financial
bank; conglomerate;
c. A DPS member at more than two (2) non- d. Provided that such positions do not result
bank financial institutions; in neglect of duties and responsibilities as a
d. A member of the board of directors, board DPS member;
of commissioners, sharia supervisory board, e. Prospective DPS members with concurrent
or executive officer at more than one positions are required to submit a
(1) non-financial institution or company, declaration to:
whether domiciled in Indonesia or abroad;
e. A functional role in a banking financial 2. Maintain integrity;
institution and/or a non-banking financial
institution, whether domiciled in Indonesia 3. Avoid any form of conflict of interest; and
or abroad;
f. A public official; 4. Prevent actions that could harm the Bank
g. Any position that may create a conflict of and/or cause the Bank to violate prudential
interest in carrying out duties as a DPS principles and/or Sharia Principles during their
member; and/or tenure as a DPS member, during their tenure
h. Any other position as stipulated by as a DPS member
applicable laws and regulations.
All DPS members have adhered to transparency
Concurrent Positions Not Prohibited for DPS and disclosure requirements regarding
Members: relationships and affiliations in accordance with
a. Serving as a member of the board of applicable regulations.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | good corporate governance
disclosure of share ownership by the Sharia Supervisory Board
as of december 31, 2024
disclosure of BTPN Syariah Share Ownership by members of the Sharia Supervisory Board as of
December 31, 2024, is as follows:
percentage of total
name position
share ownership shares
H. Ikhwan Abidin, MA Chairman 0,00% 0
H. Muhamad Faiz, MA Member 0,00% 0
term of office of the Sharia Supervisory report on the implementation of Duties and
Board members Responsibilities of the Sharia Supervisory
Board for 2024
As stipulated in the Articles of Association
of BTPN Syariah, members of the Sharia The execution of duties and responsibilities of the
Supervisory Board are appointed by the General Sharia Supervisory Board (DPS) in 2024 included
the following:
Meeting of Shareholders for a term of three
years and may be reappointed. Compliance with the Sharia Supervisory Board’s
charter, Articles of Association, and Regulatory
orientation Provisions, as well as Resolutions of the General
Meeting of Shareholders Throughout 2024,
The President Director is responsible for ensuring the Sharia Supervisory Board has been fully
that all newly appointed members of the Sharia responsible for overseeing the Bank’s operations
Supervisory Board (DPS) receive the necessary in accordance with the Sharia Supervisory
information regarding the Bank to effectively Board’s Charter, Articles of Association,
carry out their duties and responsibilities. The applicable laws and regulations, and resolutions
Compliance Director, who also serves as the of the General Meeting of Shareholders, while
Corporate Secretary, is responsible for providing upholding good faith and prudential principles.
the required information.
In carrying out its supervisory duties in
In 2024, there were no new DPS members accordance with Sharia principles, the DPS has
undergoing orientation. received accurate, relevant, and timely data
and information, ensuring adherence to good
However, the Board of Directors ensured that all corporate governance practices.
DPS members received adequate information
regarding the condition of BTPN Syariah alignment of vision and mission
throughout the year. The Compliance Division
is entrusted with regularly coordinating and In line with the implementation of Good Corporate
facilitating the needs of various Bank divisions Governance principles, the Sharia Supervisory
with the Sharia Supervisory Board, particularly in Board has conducted an annual review to ensure
ensuring compliance with Sharia principles. the alignment of the Bank’s Vision and Mission with
its business plans and initiatives.
To support the execution of their duties and
responsibilities, all DPS members participated in The Bank’s Vision, Mission, and Core Values are
strategic seminars during 2024, including: deemed to remain relevant to sharia principles,
1. Pre-Ijtima’ Sanawi (Annual Meeting) as outlined in the Bank’s Business Plan for
Workshop for the Sharia Supervisory Board in 2024–2026, the 2025–2027 proposal, and the
PT Bank BTPN Syariah Tbk
the Islamic Banking sector on September 11, RAKB 2020–2024 (2024 Indicators), as well as
2024. the 2025–2029 proposal.
2. Ijtima’ Sanawi (Annual Meeting) of the Sharia 1. Vision: To become the best Sharia Bank for
Supervisory Board on October 11-12, 2024. inclusive finance, transforming the lives of
millions of Indonesians.
2. Mission: Together, we create opportunities for
growth and a more meaningful life.
3. Core Values: PRISMA (Professionalism,
Integrity, Mutual Respect, Cooperation).
381
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Implementation of Sharia Governance through the Coordination meetings between DPS and the
Working Relationship Framework of the Sharia Board of Commissioners have also been held
Supervisory Board, Board of Commissioners, and to ensure the Bank’s compliance with Sharia
Board of Directors principles.
In carrying out its supervisory function, the To ensure the implementation of Sharia
Sharia Supervisory Board (DPS) has established Governance at all levels of the organization,
duties and responsibilities to ensure that the the Sharia Supervisory Board (DPS) may serve
Bank’s operations comply with Sharia principles. as a member of any committee supporting the
Throughout 2024, the Board of Directors duties of the Board of Commissioners. In cases
has supported DPS in fulfilling its duties by where a committee supporting the Board of
providing accurate, relevant, and timely data and Commissioners’ duties does not include DPS as
information. This includes ensuring the availability a member, that committee is required to seek
and adequacy of internal reporting, supported DPS’s opinion on any discussions related to Sharia
by a well-functioning management information principles. To support the execution of DPS’s
system, and providing the necessary facilities duties and responsibilities, coordination meetings
and infrastructure to assist DPS in executing between DPS, the Board of Directors, and the
its responsibilities. Additionally, the Board of Board of Commissioners are conducted.
Directors has acted upon the recommendations
resulting from DPS’s supervisory activities in 2024. Throughout 2024, DPS has coordinated and
provided consultation and advisory services
The monitoring of the Board of Directors’ to the Sharia compliance function, Sharia risk
strategies and policies in supporting DPS’s management function, and Sharia internal audit
supervisory functions has been conducted through function, both through DPS meetings and other
meetings between DPS, the Board of Directors, agreed-upon mechanisms.
and Management throughout 2024.
DPS has also provided guidance and
To further enhance its supervisory role, DPS is recommendations to the Board of Directors,
also supported by the Board of Commissioners, which have been documented in the form of DPS
ensuring that the Board of Directors follows Opinions and Approvals regarding the Bank’s
up on DPS’s supervisory recommendations. products and activities throughout 2024.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
382
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annual report 2024 | good corporate governance
opinion and approval of the Sharia Supervisory Board in 2024
no number DPS opinion & approval in 2024
1. 174/DPS/ODP/I/2024 Update of Laku Pandai Operating Guidelines
2. 175/DPS/ODP/II/2024 Attribution of Accurate Income Margin for Sharia Financing
3. 176/DPS/ODP/II/2024 Adjustment of Income Smoothing Provisions
4. 177/DPS/ODP/III/2024 Tepat Savings Platinum Reward
5. 178/DPS/ODP/III/2024 Update of Tepat Mobile Banking Operating Guidelines
6 179/DPS/ODP/III/2024 Sharia Financial Institution for Receiving Cash Waqf (LKSPWU)
7 180/DPS/ODP/III/2024 Wakalah Bi Al-Istitsmar Transaction for Government SBSN
(Sukuk Negara – State Sharia Securities)
8 181/DPS/ODP/III/2024 SBSN Sukuk Trading (Sukuk Negara – State Sharia Securities)
9 182/DPS/ODP/III/2024 Cash Waqf Linked Deposit (CWLD)
10 183/DPS/ODP/IV/2024 Update of the DPS Charter
11 184/DPS/ODP/V/2024 Proposed Recommendation for the Implementation of Murabahah Mu’allaq
Financing Contract at Bank BTPN Syariah Tbk
12 185/DPS/ODP/V/2024 Update of E-Channel Services for Bank Financing Customers
13 186/DPS/ODP/VI/2024 Implementation of Sentra Accountability Funds (UPS)
14 187/DPS/ODP/VI/2024 Update of Product Program for Savings Accounts
15 188/DPS/ODP/VI/2024 Update of Market and Liquidity Risk Management Policy
16 189/DPS/ODP/VII/2024 Collection of Overdue Customers
17 190/DPS/ODP/VII/2024 Withdrawal of Biller Deposit Funds for Recording in the Benevolence Fund
Account
18 191/DPS/ODP/VII/2024 Tepat Individual Sharia Financing Product Program
19 192/DPS/ODP/VII/2024 Submission of Corporate Customer Financing Scheme
20 193/DPS/ODP/IX/2024 Renewal of DPS Opinion on E-Channel Services for Bank Financing Customers
21 194/DPS/ODP/IX/2024 Anti-Bribery and Corruption Policy
22 195/DPS/ODP/IX/2024 Non-Mu’allaq Contract Scheme for Ultra Micro Sharia Financing
23 196/DPS/ODP/X/2024 Financing Synergy with the Parent Entity
24 197/DPS/ODP/X/2024 Funding Customer Reward Program
25 198/DPS/ODP/X/2024 Recording of Compensation Fees (Penalties) for Education as Benevolence
Funds
26 199/DPS/ODP/X/2024 Bank Recovery Action Plan
27 200/DPS/ODP/XI/2024 Income Smoothing Mechanism for Profit-Sharing Distribution
28 201/DPS/ODP/XI/2024 Renewal of DPS Opinion on Cash Deposit and Withdrawal Services through
Third Parties
PT Bank BTPN Syariah Tbk
29 202/DPS/ODP/XI/2024 Confirmation of Audit Examination Results for Institutional Financing
30 203/DPS/ODP/XI/2024 Exploratory Discussion on Tepat Imbang
31 204/DPS/ODP/XI/2024 Internal Provisions for the October 2024 Period
32 205/DPS/ODP/XII/2024 Internal Provisions for the November 2024 Period
383
Page 385
implementation of the Sharia 13. All DPS decisions recorded in the meeting
Supervisory Board Meetings in 2024 minutes represent joint decisions of all DPS
members.
The implementation of DPS meetings is carried
out in accordance with the provisions of the 14. The results of DPS meetings must be
Articles of Association of BTPN Syariah and documented in the Meeting Minutes and
the Charter of DPS. Sharia Supervisory Board properly archived.
Meeting Policy;
15. DPS meetings may be conducted online via
1. DPS meetings must be held at least once a conference calls, video conferences, or other
month. communication media, and such participation
is considered equivalent to in-person
2. DPS meetings are considered valid if attended attendance. Decisions made in these meetings
by the majority of DPS members. hold the same legal force as those made in
formally convened DPS meetings.
3. DPS meetings must be attended in person by
all DPS members at least twice a year. 16. The results of DPS meetings must be recorded
in the DPS Meeting Minutes, signed by the
4. The Bank must hold a DPS meeting with the Chairperson and DPS members, and properly
Board of Directors at least once every four documented.
months.
17. Circular Decision-Making by DPS
5. DPS meetings with the Board of Directors are a. DPS decisions may be made through a
considered valid if attended by the majority of circular mechanism without holding a
DPS members and the majority of Board of formal DPS meeting.
Directors members. b. A circular decision is considered valid if
all DPS members approve the proposed
6. The Bank must hold a DPS meeting with the resolution in writing by signing the circular
Board of Commissioners at least once every document.
four months. c. Circular decisions hold the same legal force
as decisions made in a formally convened
7. DPS meetings with the Board of DPS meeting.
Commissioners are considered valid if
attended by the majority of DPS members 18. A member of the Sharia Supervisory Board
and the majority of Board of Commissioners (DPS) may be represented in a meeting only
members. by another DPS member through a power of
attorney.
8. The Bank must establish internal procedures
for conducting DPS meetings. The meeting schedule and agenda of the Sharia
Supervisory Board (DPS) in 2024 were approved
9. Decisions in DPS meetings must be made by the DPS before the end of the financial year.
through deliberation to reach a consensus.
Throughout 2024, the DPS held a total of 12
10. If consensus cannot be reached, decisions in (twelve) meetings, in line with the planned
DPS meetings are made based on the majority 12 meetings, as required under the Sharia
vote. Governance Implementation Regulations for
Sharia Commercial Banks and Sharia Business
11. All DPS decisions are binding on all DPS Units. These meetings were conducted through a
Tbk
members. combination of in-person and online attendance
Tbk
Syariah
(via video conference) by each member, with no
Syariah
12. Any dissenting opinions arising in DPS circular decisions made.
meetings must be clearly recorded in the
BTPN
meeting minutes, along with the reasons for As part of the implementation of Sharia
BTPN
the disagreement. governance, in 2024, the DPS also participated in
Bank
3 (three) coordination meetings with the Board of
Bank
Commissioners and the Board of Directors.
PTPT
384
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annual report 2024 | good corporate governance
actual number of meetings and attendance of Sharia Supervisory Board members at Sharia Supervisory Board
Meetings in 2024
Name of Sharia Supervisory Number of Sharia Supervisory Board
Attendance Percentage
Board Members Meetings (Actual/Planned Meetings)
H. Ikhwan Abidin, MA 12/12 100%
H. Muhamad Faiz, MA 12/12 100%
In accordance with the Charter of the Sharia Supervisory Board (DPS) regarding DPS Meetings, the
number of meetings and attendance frequency of the DPS in 2024 have complied with the established
requirements.
Sharia Supervisory Board meeting agenda in 2024
no minutes of meeting number date of meeting meeting agenda
1 No.01/DPS/RR/I/2024 January 26, 2024 1. Update on Internal Audit Activity Report for the
Second Half of 2023
2. Request for DPS Opinion on the Update of PP Laku
Pandai
3. Presentation of the 20DPS Spot-Check Plan
4. Update on the DPS Supervision Report for the
Second Half of 2023
2 No. 02/DPS/RR/II/2024 February 22, 2024 1. Request for DPS Opinion on the Treatment of
Margin Income Attribution for Tepat Sharia
Financing
2. Update on Request for DPS Opinion on the
Adjustment of Income Smoothing Provisions
3. Plan for the Development of Multipurpose Financing
Products for Employees
3 No. 03/DPS/RR/III/2024 March 20, 2024 1. Request for DPS Opinion on the Tepat Platinum
Reward Savings (TTPR) Product
2. Request for DPS Opinion on the Update of the Tepat
Mobile Product Program (PP)
3. Request for DPS Opinion on the Sharia Financial
Institution for Receiving Cash Waqf (LKS-PWU) &
Cash Waqf Linked Deposit (CWLD)
4. Request for DPS Opinion on Sukuk SBSN Trading
5. Request for DPS Opinion on Wakalah Bi Al-Istitsmar
SBSN Government Transactions
6. Discussion on the Trial Plan for Uang
Pertanggungjawaban Sentra (UPS)
7. Update on POJK Sharia Governance Provisions &
SEOJK Risk Management for Islamic Commercial
Banks (BUS) & Islamic Business Units (UUS)
4 No. 04/DPS/RR/IV/2024 April 26, 2024 1. Discussion on the Employee Financing Development
Plan - Partnership
2. Request for DPS Opinion on the Update of DPS
Guidelines and Code of Conduct
3. Presentation of DPS Working Paper Evaluation
on the Board of Directors’ Accountability for Risk
Management Related to Compliance with Sharia
PT Bank BTPN Syariah Tbk
Principles
4. Plan for DPS Visit in the Second Quarter of 2024
385
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Sharia Supervisory Board meeting agenda in 2024
no minutes of meeting number date of meeting meeting agenda
5 No. 05/DPS/RR/V/2024 May 29, 2024 1. Request for DPS Opinion on the Product Program
(PP) for Bank Financing Customer E-Channel
Services
2. Request for DPS Opinion on the Mechanism of
Central Accountability Funds
3. Presentation on Risk Management and Its
Implementation at BTPN Syariah
4. Request for DPS Opinion on the Proposed
Recommendation for the Implementation of
Murabahah Mu’allaq Financing Contract at Bank
BTPN Syariah Tbk
6 No. 06/DPS/RR/VI/2024 June 19, 2024 1. Request for DPS Opinion on the Use of Wakalah
Contract
2. Request for DPS Opinion on the Update of the
Savings Product Program (PP)
3. Request for DPS Opinion on the Update of Market
and Liquidity Risk Management Policy
4. Presentation on the Distribution of Social Funds for
Q2 2024
5. Presentation on the Planned DPS Activity Agenda
for July–August 2024
7 No. 07/DPS/RR/VII/2024 July 22, 2024 1. Presentation of Internal Audit Examination Results
for Semester I 2024
2. Request for DPS Opinion on the Plan for Collection
from Delinquent Customers
3. Request for DPS Opinion on the Recording of
Benevolence Funds
4. Request for DPS Opinion on the Update of the PP
Tepat Individual Sharia Financing
5. Request for DPS Opinion on the Presentation of the
Financing Scheme with Corporate Customers
8 No. 08/DPS/RR/VIII/2024 26 Agustus 2024 Update on the Progress of Follow-Up Actions on OJK
Murabahah Financing Guidelines
9 No. 09/DPS/RR/IX/2024 September 18, 1. Request for DPS Opinion on the Non-Mu’allaq
2024 Contract Scheme for Ultra Micro Sharia Financing
2. Request for DPS Opinion on the Anti-Bribery and
Corruption Policy
3. Renewal of DPS Opinion on E-Channel Services for
Bank Financing Customers
10 No. 10/DPS/RR/X/2024 October 21, 2024 1. Update on the 20SKAI Audit Plan
2. Request for DPS Opinion on Financing Synergy with
the Parent Entity
3. Presentation of the Mechanism for Policy and
Procedure Review by DPS
4. Update on the Implementation of OJK Musyarakah
Guidelines 2024
5. Request for DPS Opinion on the Funding Customer
Reward Program
6. Request for DPS Opinion on the Bank’s 20Recovery
Plan and Resolution Plan
7. Request for DPS Opinion on the Recording of
Tbk
Compensation/Penalty Fees for Education as
Tbk
Benevolent Funds
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah
386
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annual report 2024 | good corporate governance
Sharia Supervisory Board meeting agenda in 2024
no minutes of meeting number date of meeting meeting agenda
11 No. 11/DPS/RR/XI/2024 November 18, 2024 1. Presentation of DPS Supervisory Findings
2. Confirmation of Institutional Financing Audit
Supervision Results
3. Renewal of DPS Opinion on Cash Deposit and
Withdrawal Services via Third Parties
4. Discussion on Tepat Imbang Exploration for Limited
Implementation
5. Request for DPS Opinion on Internal Provisions for
the October 20Period
12 No. 12/DPS/RR/XII/2024 December 18, 2024 1. Presentation of the 20DPS Visit Plan
2. Request for DPS Opinion on Internal Provisions for
the November 20Period
3. Presentation of DPS Supervisory Findings
4. Presentation of the 20Sharia Funding FAQ
5. Report on the Distribution of Social Funds for Q3
2024
6. Request for DPS Opinion on the DPS Statement
Letter Regarding Multiple Positions
agenda of the joint meeting of the Board of Directors, Board of Commissioners, and Sharia Supervisory Board in
2024
no minutes of meeting number date of meeting meeting agenda
1 MOM.015/DIR/CSGC/IV/2024 April 30, 2024 1. Update on POJK Number 2 of 2024 regarding
Sharia Governance for Sharia Commercial Banks
and Sharia Business Units, as well as SEOJK
Number 25/SEOJK.03/2023 concerning the
Implementation of Risk Management for Sharia
Business Entities (BUS) and Sharia Business
Units (UUS);
2. Presentation on the Implementation of Sharia
Principles at BTPN Syariah (March 2024 Period)
2 MOM.026A/DIR/CSGC/VII/2024 July 25, 2024 Presentation on the Implementation of Sharia
Principles at BTPN Syariah (June 2024 Period)
3 MOM.041/DIR/CSGC/X/2024 October 23, 2024 Presentation on the Implementation of Sharia
Principles at BTPN Syariah (September 2024 Period)
PT Bank BTPN Syariah Tbk
387
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Sharia Supervisory Board meeting 2. DPS Sampling Activities – The execution of
schedule for 2025 sampling activities by DPS related to new
product development, financing activities,
In accordance with the Articles of Association of funding activities, and other banking
BTPN Syariah, the Sharia Supervisory Board is operations.
required to hold regular meetings at least once a 3. Dissemination and Training Activities – The
month and establish a schedule for the upcoming implementation of dissemination and/or
financial year before the current financial year training on Sharia principles for employees.
ends. The Articles of Association also stipulate 4. Participation in Training Programs – The
that at least once every four months, the Sharia presence and participation of DPS members
Supervisory Board must hold a joint meeting in training sessions.
with the Board of Commissioners and the Board 5. Issuance of Sharia Opinion by the DPS;
of Directors. 6. The obligation to submit DPS supervision
reports to the Financial Services Authority
performance assessment of the sharia (OJK) and the National Sharia Council of the
supervisory Board Indonesian Ulema Council (DSN-MUI).
7. Other activities related to the duties and
procedures for conducting the performance responsibilities of DPS.
assessment of the Sharia Supervisory Board
implementation of Sharia Principles in
The performance assessment of the Sharia fund collecting, fund distribution, and
Supervisory Board (DPS) at BTPN Syariah is banking services.
conducted based on predetermined criteria,
taking into account its duties and responsibilities The implementation of fund collecting, fund
in accordance with applicable regulations, the distribution, service provision, and new product
Bank’s Articles of Association, and internal development activities at BTPN Syariah has
policies. generally been carried out in accordance
with Sharia principles, as stated in the DPS
The DPS performance assessment is carried out Supervision Report, which has been submitted
through a self-assessment conducted annually to to the OJK on a semi-annual basis throughout
evaluate the performance of the DPS. 2024.
The purpose of the Self-Assessment of To ensure compliance with Sharia principles
the performance of DPS members is to in the bank’s operational activities in 2024, all
provide recommendations to the Board of DPS members have conducted supervision and
Commissioners for the reappointment of DPS periodic visits to branch offices to ensure that
members, serve as a consideration in formulating the bank’s operational activities at branch offices
the DPS remuneration structure, and enhance (KC) or work units are conducted in accordance
the effectiveness of DPS performance. with Sharia principles.
criteria for the performance assessment of Throughout 2024, the DPS has carried out
the Sharia Supervisory Board supervision of the profit-sharing mechanism,
treasury products, promotional and
The performance assessment criteria for each communication activities, as well as visits to KC
individual member of the Sharia Supervisory and MMS in the Semarang region, KC and MMS
Board (DPS) at BTPN Syariah are based on in the Banjarmasin region, KFO and MMS in
various considerations, including: the Cianjur region, KFO Sukamaju and MMS in
1. Attendance Rate – The attendance of DPS the Garut region, KC and MMS in the Denpasar
Tbk
members in DPS Meetings and/or other region, and KC and MMS in the Padang region.
Tbk
Syariah
mandatory events as required by prevailing
Syariah
laws and regulations.
PTPT Bank
Bank BTPN
BTPN
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annual report 2024 | good corporate governance
the process flow for the nomination and appointment of members of the Board of Directors,
Board of Commissioners, and Sharia Supervisory Board at BTPN Syariah
Proposal of candidates for the Board
of Commissioners, Sharia Supervisory
Board, and Board of Directors from
Shareholders/Board of Directors/Board
Proposal
of Commissioners.
Submission of proposed candidates
for the Board of Commissioners,
Sharia Supervisory Board, and Board
of Directors to the Nomination and
Remuneration Committee.
The selection process by the Nomination
and Remuneration Committee includes:
1. Competency analysis and
Selection & Recommendation
andidate background review
2. Interview (if required)
Submission of the
Fn PT process to OJK (*)
OJK approval for the proposed
candidates for the Board of
Submission of proposed candidates
Commissioners, Sharia Supervisory
for the Board of Commissioners,
Board, and Board of Directors.
Sharia Supervisory Board, and Board
of Directors to the Nomination and
Remuneration Committee.
The Board of Commissioners
proposes candidates for the Board of
Commissioners, Sharia Supervisory
Board, and Board of Directors
to the GMS, taking into account
recommendations from the Nomination
GMS and Remuneration Committee.
Decision of the GMS on the composition
Decision
of the Board of Commissioners,
Sharia Supervisory Board, and
Board of Directors.
Notification and disclosure of
information regarding changes in
the composition of the Board of
Commissioners, Sharia Supervisory
Board, and Board of Directors to OJK,
IDX, and other relevant institutions,
including to the public, and publication
on the website.
(*) Submission of the FnPT to OJK for members of the Board of Commissioners, Sharia Supervisory Board, and Board of Directors can be made after
the GMS.
Submission of the FnPT for prospective members of the DPS can be made after obtaining a recommendation from the National Sharia Board (DSN).
PT Bank BTPN Syariah Tbk
389
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training and refreshment program for the Board of Commissioners,
Board of Directors, and Independent Parties.
Board of Commissioners and Board of Directors
no training / seminar participant
1 Sharing Operations Initiatives 2024 Board of Directors
2 Townhall within the Scope of SMBC Financial Conglomerate. Board of
Commissioners
3 Townhall within the Scope of SMBC Financial Conglomerate. Board of Directors
4 Generation Gap Training Board of Directors
5 Dissemination of Information on the Personal Data Protection Law Board of Directors
6 Townhall within the Scope of SMBC Financial Conglomerate. Board of
Commissioners
7 Townhall within the Scope of SMBC Financial Conglomerate. Board of Directors
8 Webinar on the theme “Understanding Interrelation: Banking, Venture Capital, and Board of
Startups” Commissioners
9 Webinar on the theme “Understanding Interrelation: Banking, Venture Capital, and Board of Directors
Startups”
10 Webinar on the theme “Ensuring Compliance of Financial Service Providers in Board of Directors
Supporting Inclusive Economy Through Supervision, Financial Education, and
Consumer Protection Amidst the Complexity of Financial Products.”
11 Provision of Qualifications in 7 Areas of Banking Risk Management Board of
Commissioners
12 Dissemination of Information on the Personal Data Protection Law Board of Directors
13 Journey to Sustainability with PT Pertamina (Persero) Board of Directors
14 Plenary Session Participant on the 10th International Islamic Monetary Economics Board of Directors
and Finance and Call for Paper (10-IIMEFC) - Promoting Inclusive and Sustainable
Growth with Sharia Economy Amid the Age of Digitalization and Global Uncertainty
15 The Landmark Forum Board of Directors
16 Dissemination of Information on the Personal Data Protection Law Board of
Commissioners
17 Provision of Qualifications in 7 Areas of Banking Risk Management Board of Directors
18 Provision of Qualifications in 6 Areas of Banking Risk Management Board of
Commissioners
19 Provision of Qualifications in 7 Areas of Banking Risk Management Board of Directors
20 Risk Awareness Board of
Commissioners
21 Risk Awareness Board of Directors
Tbk
22 Provision of Qualifications in 6 Areas of Banking Risk Management Board of
Tbk
Syariah
Commissioners
Bank
PTPT BTPN
Bank Syariah
BTPN
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annual report 2024 | good corporate governance
date organizer location
January 16, 2024 PT Bank BTPN Syariah Tbk Jakarta
January 18, 2024 PT Bank SMBC Indonesia Tbk Jakarta
January 18, 2024 PT Bank SMBC Indonesia Tbk Jakarta
February 23, 2024 External Jakarta
June 28, 2024 PT Pricewaterhousecoopers Consulting Indonesia Jakarta
July 6, 2024 PT Bank SMBC Indonesia Tbk Jakarta
July 6, 2024 PT Bank SMBC Indonesia Tbk Jakarta
July 10, 2024 PT Bank SMBC Indonesia Tbk Jakarta
July 10, 2024 PT Bank SMBC Indonesia Tbk Jakarta
July 15, 2024 Banking Compliance Directors Communication Jakarta
Forum
July 17-18, 2024 Banking Association for Risk Management Jakarta
July 23, 2024 PT Pricewaterhousecoopers Consulting Indonesia Jakarta
July 31, 2024 Indonesia Corporate Secretary Association Jakarta
August 2, 2024 Bank Indonesia dan Journal of Islamic Monetary Jakarta
Economics and Finance (JIMF)
August 2-6, 2024 Landmark Forum Jakarta
August 22, 2024 PT Pricewaterhousecoopers Consulting Indonesia Jakarta
September 4-5, 2024 Banking Association for Risk Management Jakarta
September 18-20, 2024 Banking Association for Risk Management Jakarta
September 27, 2024 Sharia Finance Professional Certification Institution Jakarta
September 30, 2024 Pasar Trainer Jakarta
September 30, 2024 Pasar Trainer Jakarta
October 16-18, 2024 Banking Association for Risk Management Jakarta
PT Bank BTPN Syariah Tbk
391
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Board of Commissioners and Board of Directors
no training / seminar participant
23 Introduction to IFRS 1 & 2: Board of Directors
A Practical Guide for Companies in Indonesia
24 Leading Transformation Board of Directors
25 Provision of Qualifications in 6 Areas of Banking Risk Management Board of
Commissioners
26 Provision of Qualifications in 7 Areas of Banking Risk Management Board of
Commissioners
27 Sharing Session Program Operations 2025 Board of Directors
28 Mandatory Refreshment Board of Directors
29 Mandatory Refreshment Board of
Commissioners
30 Mandatory Refreshment Board of Directors
31 Mandatory Refreshment Board of
Commissioners
32 Future of Banking: Leveraging Gen AI for Strategic Growth Board of Directors
33 Future of Banking: Leveraging Gen AI for Strategic Growth Board of
Commissioners
Independent Parties
no training / seminar participant
1 Basic Training on Muamalah Maliyah and DSN-MUI Fatwas Independent Parties
2 Basic Training on Muamalah Maliyah and DSN-MUI Fatwas Independent Parties
3 Risk Awareness Independent Parties
4 Future of Banking: Leveraging Gen AI for Strategic Growth Independent Parties
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | good corporate governance
date organizer location
November 4, 2024 Indonesia Corporate Secretary Association Jakarta
November 22, 2024 Talent Box Jakarta
November 28, 2024 Lembaga Sertifikasi Profesi Keuangan Syariah Jakarta
November 28, 2024 Lembaga Sertifikasi Profesi Keuangan Syariah Jakarta
November 26, 2024 PT Bank BTPN Syariah Tbk Jakarta
November 2024 PT Bank BTPN Syariah Tbk Jakarta
November 2024 PT Bank BTPN Syariah Tbk Jakarta
December 2024 PT Bank BTPN Syariah Tbk Jakarta
December 2024 PT Bank BTPN Syariah Tbk Jakarta
December 11, 2024 PT Bank SMBC Indonesia Tbk Jakarta
December 11, 2024 PT Bank SMBC Indonesia Tbk Jakarta
date penyelenggara lokasi
May 25 – May 31, 2024 National Sharia Board - Indonesian Ulema Council Jakarta
June 1-2, 2024 National Sharia Board - Indonesian Ulema Council Jakarta
September 30, 2024 Trainer Market Jakarta
December 11, 2024 PT Bank SMBC Indonesia Tbk Jakarta
PT Bank BTPN Syariah Tbk
393
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remuneration policy
for the Board of Commissioners, Sharia Supervisory
Board, and Board of Directors
The determination of remuneration and benefits for the Board of Commissioners, Sharia Supervisory
Board, and Board of Directors at BTPN Syariah in 2024 is based on the resolution of the Annual General
Meeting of Shareholders held in 2024, taking into account the recommendations of the Nomination and
Remuneration Committee.
In implementing remuneration for each of the Board of Commissioners, Sharia Supervisory Board,
and Board of Directors, the Bank has considered overall financial and non-financial performance,
performance evaluations, fairness in comparison to peer groups within the Bank and the banking
industry, as well as the company’s financial capability. The Remuneration Policy for the Board of
Commissioners, Sharia Supervisory Board, and Board of Directors is outlined as follows:
Review Proposal & Decision
Recommendation
1. The Committee conducts an 1. Based on the Company’s 1. Decision of the Board of
assessment of the Bank’s performance data (internal) Commissioners regarding the
performance, which also and benchmark data remuneration for members of
reflects the performance of (external), the Nomination the Board of Commissioners,
the Board of Commissioners, and Remuneration the Sharia Supervisory Board
the Sharia Supervisory Board Committee prepares (DPS), and the Board of
(DPS), and the Board of proposals/recommendations Directors.
Directors. for the remuneration of each 2. Approval of the General
2. A survey is conducted to member of the Board of Meeting of Shareholders
obtain benchmark data on the Commissioners, the Sharia (GMS) on the total
remuneration of the Board Supervisory Board (DPS), and remuneration for the Board
of Commissioners, DPS, and the Board of Directors to be of Commissioners, the Sharia
the Board of Directors at submitted to the Board of Supervisory Board (DPS), and
several banks in Indonesia. If Commissioners. the Board of Directors.
necessary, the Committee may
appoint or collaborate with
a consultant or independent
party to obtain more accurate
data.
remuneration governance
remuneration policy at BTPN Syariah information, aligning with industry best practices
for both qualitative and quantitative aspects.
In line with POJK 59/POJK.03/2017 (POJK
59/2017) concerning the Implementation of To implement sound governance in remuneration,
Governance in the Provision of Remuneration for BTPN Syariah has established a remuneration
Sharia Commercial Banks and Sharia Business policy based on Financial Services Authority
Units, BTPN Syariah, as part of the Islamic Regulation No. 59/2017. Specifically, the
Tbk
banking industry, must enhance its resilience Remuneration Policy at BTPN Syariah aims
Tbk
Syariah
in response to global economic dynamics. This to ensure that remuneration is provided in
Syariah
is achieved through improved governance in compliance with applicable regulations while
remuneration practices to encourage prudent considering the company’s financial performance,
BTPN
risk-taking, ensuring the bank’s business individual achievements, fairness compared to
BTPN
sustainability. To achieve this, BTPN Syariah peer groups within the bank and the banking
Bank
emphasizes transparency in remuneration-related industry, and the bank’s financial capability.
Bank
PTPT
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annual report 2024 | good corporate governance
To ensure the relevance of the Remuneration external consultants in 2024
Policy with the latest regulations, Management
conducts an annual review of the remuneration To establish sound governance in remuneration
policy implemented at the Bank. This includes a practices that promote prudent risk-taking
review of both fixed and variable remuneration and ensure the bank’s business sustainability,
for the Board of Commissioners, the Sharia a transparent information process is necessary
Supervisory Board, the Board of Directors, and to maintain discipline in line with industry best
employees. practices for both qualitative and quantitative
remuneration.
The 2024 review of the Remuneration Policy at
BTPN Syariah considered the effectiveness of risk Management engaged External Consultants to
management, the financial stability of the Bank, obtain benchmark data on fixed and variable
the adequacy and strengthening of the Bank’s remuneration within the banking industry for
capital, short-term and long-term liquidity needs, specific positions and roles in banks with similar
and the Bank’s potential future revenue, while business and operational characteristics to
ensuring alignment with Sharia principles. BTPN Syariah. The data was then processed by
the Consultants through a remuneration survey
scope of the remuneration policy and participated in by multiple banks.
implementation in 2024
variable remuneration in 2024
The Remuneration Policy for employees at BTPN
Syariah applies to all employees across business In compliance with POJK Regulation No.
units, both at the head office and in regional 59/2017, BTPN Syariah has established a policy
offices, with the oversight of its implementation governing the payment of variable remuneration,
centralized at the head office. which includes a deferred portion for Material
Risk Takers, namely members of the Board of
remuneration provision linked to Directors, with a minimum deferral period of
performance measurement in 2024 three (3) years.
The remuneration policy, both fixed and variable, Throughout 2024, the Bank implemented the
for Directors and Employees at BTPN Syariah in deferral of variable remuneration for Material
2024 was implemented based on performance Risk Takers based on the Bank’s performance,
(meritocracy). Each Director and Employee has through the transfer of a portion of treasury
individual targets as the basis for assessment. shares, ensuring compliance with applicable
For Directors, individual targets are derived from regulations.
their respective Directorate targets, which are
cascaded from the Bank’s overall targets and Variable remuneration consists of Incentives and
further broken down into the smallest work unit Performance Bonuses. Incentives are awarded
targets, eventually reaching individual employee based on individual performance, specifically for
targets at the lowest level. employees in marketing roles, and are disbursed
on a monthly and semi-annual basis.
BTPN Syariah has defined the realization of
individual targets into the following categories: Performance Bonuses are determined based on
Outstanding, Very Good, Good, Need business scale, business complexity, peer group
Improvement, and Poor. The remuneration benchmarking, inflation rate, financial conditions,
amount is determined based on individual target and the Bank’s financial capability, while ensuring
realization/performance, and Management has compliance with prevailing regulations to
established guidelines for adjustments in both promote prudent risk-taking.
fixed and variable remuneration.
PT Bank BTPN Syariah Tbk
395
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remuneration package and facilities received by the Board of Commissioners,
Sharia Supervisory Board, and Board of Directors in 2024 In Million Rupiah
2024 2023
headcount total headcount total
Board of Directors 5 47,747 6* 65,826
Board of Commissioners 4 14,679 5** 16,194
Sharia Supervisory Board 2 1,040 2 999
Note:
* At the Annual General Meeting of Shareholders (AGMS) on April 12, 2023, a new member of the Board of Directors was appointed to replace a
Director whose term had ended, and an Independent Commissioner was appointed to replace a Commissioner whose term had also ended.
** Includes gratuity for the completion of the term of office since the closing of the 2023 AGMS.
the number of Board of Commissioners, Sharia Supervisory Board,
and Board of Directors Receiving Fixed and Variable Remuneration for One (1) Year and the Total Amount
Fixed Category In Million Rupiah
2024 2023
headcount total headcount total
Board of Directors 5 19,389 6* 17,490
Board of Commissioners 4 10,260 5* 9,320
Sharia Supervisory Board 2 1,035 2 994
Note:
*At the Annual General Meeting of Shareholders (AGMS) on April 12, 2023, a new member of the Board of Directors was appointed to replace a
Director whose term had ended, and an Independent Commissioner was appointed to replace a Commissioner whose term had also ended.
Variable Category In Million Rupiah
2024 2023
headcount total headcount total
Board of Directors 5 15,157 6 36,343 *
Board of Commissioners 4 - 5 3,448 *
Sharia Supervisory Board 2 - 2 -
Employees (Bonus) 68,565 65,545
Employees (Incentive) 75,960 81,712
Note:
The Board of Commissioners is not entitled to variable compensation.
* Includes gratuity for the completion of the management period since the closing of the 2023 AGMS.
At the Annual General Meeting of Shareholders (AGMS) on April 12, 2023, a new member of the Board of Directors was appointed to replace a Director
whose term had ended, and an Independent Commissioner was appointed to replace a Commissioner whose term had also ended.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
396
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annual report 2024 | good corporate governance
total amount of deferred variable remuneration
2024 2023
headcount total headcount total
Deferred Bonus (Gross) 5 3,087 5 4,461
Highest and Lowest Salary Ratio
2024 2023
Ratio 93.5 83.2
remuneration of the Board of Commissioners, Sharia Supervisory Board, and Board
of Directors
The determination of remuneration for the Board of Commissioners, Sharia Supervisory Board, and
Board of Directors is based on the resolution of the Annual General Meeting of Shareholders held in
2024, taking into account the recommendations of the Nomination and Remuneration Committee at
BTPN Syariah.
In Million Rupiah
Total Received in one (1) Year
Board of Board of Sharia Supervisory
Types of Remuneration & Other
Commissioners Directors Board
Benefits
million million million
headcount headcount headcount
rupiah rupiah rupiah
Remuneration (salary, bonus*, regular 4 11,087 5 37,035 2 1,035
allowances, tantiem & other benefits in
non-cash benefits)
Other facilities in the form of non-cash benefits (housing, transportation, health insurance, etc.)
a. Can be owned 4 3,565 5 10,107 2 4.4
b. Cannot be owned 4 27 5 605 2 0
Total 4 14,679 5 47,747 2 1,040
Note:
* The Board of Commissioners is not entitled to variable compensation.
* The bonus in this table refers only to the Directors’ Bonus and does not include bonuses for the Board of Commissioners or the Sharia Supervisory
Board (DPS).
At the Annual General Meeting of Shareholders (AGMS) on April 12, 2023, a new Director was appointed to replace a Director whose term had ended, and
an Independent Commissioner was appointed to replace a Commissioner whose term had ended.
Disclaimer:
The bonus referred to in the Remuneration Table on page 350 of the 2023 Annual Report pertains to the Directors’ Bonus and does not apply to the Board
of Commissioners or the Sharia Supervisory Board.
PT Bank BTPN Syariah Tbk
397
Page 399
the number of members of the Board of Commissioners, Board of Directors, and Sharia Supervisory Board who
received a remuneration package within one (1) year, categorized based on income levels, as shown in the table
below:
In Million Rupiah
total remuneration per person number of number of number of Sharia
in (1) one year Board of Commissioners Board of Directors Supervisory Board
Above IDR 2 billion 3 5 -
Above IDR 1 billion up to IDR 2 billion 1 - -
Above IDR 500 million up to IDR 1 billion - - 1
Below IDR 500 million - - 1
highest and lowest salary ratio
description ratio
Highest and lowest employee salary 93.5
ratio
Highest and lowest Director’s salary 2.1
ratio
Highest and lowest Commissioner’s 2.4
salary ratio
Highest Director’s salary and highest 2.6
employee ratio
long-term remuneration at capacity, compliance with applicable regulations,
BTPN Syariah and the promotion of prudent risk-taking.
The Long-Term Remuneration at BTPN Syariah is The Long-Term Remuneration Program for the
designed to address the dynamics of the global Board of Commissioners, Sharia Supervisory
economy and enhance resilience by improving Board, and Board of Directors is provided with
governance in remuneration practices. This aims consideration of effective risk management while
to encourage prudent risk-taking to ensure the ensuring the bank’s financial stability, capital
bank’s business sustainability and to motivate adequacy and reinforcement, short- and long-
executives and talents within the bank to term liquidity needs, future revenue potential,
continue contributing optimally to its growth. and alignment with sharia principles.
BTPN Syariah has established a Remuneration provision of variable remuneration for
Policy that regulates both fixed and variable material risk takers
remuneration components.
In granting variable remuneration to Material
The determination of fixed remuneration Risk Takers, BTPN Syariah adheres to the
components takes into account at least the Financial Services Authority Regulation Number
business scale, business complexity, peer group 59/POJK.03/2017 (POJK 59/2017) concerning the
comparisons, inflation rate, financial condition Implementation of Governance in the Provision
Tbk
and capacity, compliance with applicable of Remuneration for Sharia Commercial Banks
Tbk
Syariah
regulations, and remuneration differences across and Sharia Business Units. BTPN Syariah has
Syariah
job levels. established a policy regarding the identification
of individuals classified as Material Risk
BTPN
Meanwhile, the determination of variable Takers—those who, due to their duties and
BTPN
remuneration components considers, at a responsibilities, make decisions that significantly
Bank
minimum, the performance of the business scale, impact the bank’s risk profile. At BTPN Syariah,
Bank
business complexity, peer group remuneration Material Risk Takers refer to members of the
PTPT
levels, inflation rate, financial condition and Board of Directors.
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annual report 2024 | good corporate governance
In compliance with POJK Number 59/2017, Details of the deferred variable remuneration
BTPN Syariah has established a policy regulating granted in the form of shares have been
the payment of variable remuneration, which presented in the 2021, 2022, and 2023 Annual
is deferred at a certain percentage for each Reports. Meanwhile, the report on the fourth
member of the Board of Directors. This policy deferred variable remuneration granted through
also considers a minimum deferral period of the transfer of treasury shares, executed in 2024,
three (3) years for the payment of variable is presented in the Corporate Actions section of
remuneration. this 2024 Annual Report.
The provision of variable remuneration
components for Material Risk Takers is regulated
rewards dan performance
as follows: management
a. 80% is granted in cash without deferral
rewards management
b. 20% is deferred over three (3) years with
the following composition and distribution To ensure the sustainability of the Bank’s
scheme: business and to motivate executives and
i. First year of deferral: One-third (1/3) talents within the Bank to continue contributing
of the total 20% deferred amount is optimally to its growth, Management has
granted in a maximum of 500 shares established a remuneration program designed
of BTPN Syariah, with the remaining to uphold discipline in line with industry best
portion provided in cash, payable in practices.
January.
ii. Second year of deferral: One-third (1/3) To maintain the relevance of the Remuneration
of the total 20% deferred amount is Policy with the latest regulations, Management
granted in a maximum of 500 shares conducts an annual review of the remuneration
of BTPN Syariah, with the remaining policy implemented at the Bank in collaboration
portion provided in cash, payable in with external consultants. The remuneration
January. structure has been designed and established
iii. Third year of deferral: One-third (1/3) according to the employee grading system.
of the total 20% deferred amount is
granted in a maximum of 500 shares Throughout 2024, the Board of Directors has
of BTPN Syariah, with the remaining ensured that the Bank’s remuneration policies
portion provided in cash, payable in and strategies are effectively communicated to
January. the Board of Commissioners.
In granting variable remuneration, the Bank performance management
may cancel partial or full payment of deferred
variable remuneration if: Performance Management at BTPN Syariah is a
i. The individual is proven to be framework for evaluating the Bank’s approach
responsible for causing significant to measuring employee performance and work
losses to the Bank; or realization based on predetermined targets and
ii. The individual is proven to have violated performance objectives.
applicable laws and regulations.
The Performance Assessment Process at BTPN
Throughout 2024, the Bank has implemented Syariah is carried out by implementing clear key
the granting of deferred variable remuneration performance indicators (KPIs) that adhere to the
to Material Risk Takers based on the Bank’s SMART criteria (Specific, Measurable, Achievable,
performance through the transfer of a portion Realistic, and Time-bound). This ensures that
PT Bank BTPN Syariah Tbk
of treasury shares, ensuring compliance with assessments are conducted objectively and
applicable regulations. that the targets assigned to each employee are
closely aligned with the Bank’s strategic goals for
the year.
399
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Disclosure Policy on Share Ownership of the
Board of Directors, Board of Commissioners, and
Sharia Supervisory Board
BTPN Syariah has a policy for disclosing In 2024, there were changes in the share
share ownership information of the Board of ownership of the Board of Directors, which
Directors, Board of Commissioners, and Sharia were part of the implementation of variable
Supervisory Board as part of its commitment to remuneration received by the Directors based on
transparency, in accordance with the Corporate the Bank’s performance for the 2020, 2021, and
Governance Policy and the Charters of the 2022 financial years. The Bank has submitted
Board of Directors, Board of Commissioners, and reports on share ownership and any changes
Sharia Supervisory Board. in ownership to regulators in accordance with
applicable regulations.
BTPN Syariah also regulates the disclosure
of share ownership and any changes in share share ownership within the SMBC
ownership by members of the Board of Directors financial conglomerate in Indonesia
and Board of Commissioners. Such disclosures
must be made no later than three (3) working There is no share ownership in companies
days after the acquisition or change in ownership within the SMBC Financial Conglomerate in
of BTPN Syariah shares. Indonesia by members of the Board of Directors,
Independent Commissioners, or members of the
The Corporate Governance Policy, the Sharia Supervisory Board.
Charters of the Board of Directors, Board of
Commissioners, and Sharia Supervisory Board, However, there is share ownership in PT Bank
as well as the Disclosure of Information on SMBC Indonesia Tbk (SMBCI) by a member of
the Securities Holder Registration Report, are the Board of Commissioners of BTPN Syariah,
available on the BTPN Syariah website. who serves as a commissioner representing
SMBCI. The acquisition of SMBCI shares by this
share ownership in BTPN Syariah Board of Commissioners member occurred while
they were still serving as a Material Risk Taker at
The disclosure of share ownership in BTPN SMBCI, with a shareholding of less than 0.01%.
Syariah has been reported periodically to the
public as part of the Bank’s transparency efforts
through the submission of the Monthly Securities
Holder Registration Report, as well as other
incidental reports related to share ownership or
any changes in the ownership of BTPN Syariah
shares.
All members of the Board of Commissioners and
the Sharia Supervisory Board do not own shares
in BTPN Syariah. Meanwhile, the share ownership
of the Board of Directors represents direct
ownership arising from the receipt of variable
remuneration granted to the Directors as the
Tbk
Bank’s Material Risk Takers, as disclosed in the
Tbk
Syariah
Bank’s Monthly Securities Holder Registration
Syariah
Report as of December 31, 2024.
PTPT Bank
Bank BTPN
BTPN
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annual report 2024 | good corporate governance
Board of Commissioners
Organs and Committees
Audit Committee Audit Committee organization
Committee, which is appointed and dismissed The organizational structure defines the
by the Board of Commissioners. The composition and membership framework, which
membership of Independent Commissioners in includes:
the Audit Committee complies with Financial 1. The organizational structure defines the
Services Authority Regulation (POJK) No. 33/ composition and membership framework,
POJK.04/2014 on Directors and Board of which includes:
Commissioners of Issuers or Public Companies, a. One (1) Independent Commissioner
in conjunction with POJK No. 17 of 2023 b. Independent Parties:
dated September 14, 2023, on Governance i. One (1) member with expertise in
Implementation for Commercial Banks. As a finance or accounting
public company, the formation of the Audit ii. One (1) member with expertise in
Committee at BTPN Syariah, along with the Sharia banking
fulfillment of its duties and responsibilities,
adheres to the provisions of POJK No. 55/ A Committee member is considered
POJK.04/2015 dated December 23, 2015, on the independent if they do not have any
Establishment and Implementation Guidelines relationship that may affect their ability to
for the Audit Committee. act independently from the management or
the Company, as outlined in the Independence
Audit Committee charter section of this Charter.
The Audit Committee has established a 2. The Committee is chaired by an Independent
Charter to guide the execution of its duties Commissioner, who also serves as a member.
and responsibilities, which include the following Board of Directors members are prohibited
aspects: from being part of the Committee. All
1. Organization Committee members must meet the eligibility
2. Membership Requirements requirements as stipulated in this Charter.
3. Independence
4. Duties and Responsibilities 3. The Committee Chairperson may hold a
5. Committee Authority concurrent position as the chair of only one (1)
6. Work Ethics other committee.
7. Meeting Arrangements
8. Minutes of Meeting 4. The Committee may invite external parties
9. Reporting Responsibilities who are not Committee members to attend
10. Term of Office and provide information during meetings, as
11. Committee Evaluation deemed relevant to the meeting agenda.
12. Review of the Charter
5. Non-Committee members of the Board of
The Audit Committee Charter at BTPN Syariah Commissioners may attend as observers but
have been structured to align with current do not have voting rights in decision-making.
conditions, regulatory requirements, and
applicable laws. A review of its compliance with 6. One (1) member of the Sharia Supervisory
PT Bank BTPN Syariah Tbk
prevailing regulations has been conducted. The Board (DPS) may serve as a member of the
Audit Committee has approved the 2024 review Audit Committee.
of the Charter and Code of Conduct.
7. If no DPS member is part of the Committee,
The latest Audit Committee Charter is available the Committee must seek DPS opinions for
on the Company’s website. any discussions related to Sharia Principles.
401
Page 403
8. The expertise of Independent Members not apply to former Directors or Executive
(as referred to in point 1.b) must be Officers who performed a supervisory
verified at a minimum through relevant function.
competency certifications that support the 9. Committee members are prohibited from
execution of the Committee’s functions and owning Company shares, either directly or
responsibilities. indirectly. If a member acquires shares due to
a legal event, they must transfer them within
Audit Committee membership 6 (six) months of acquisition.
requirements 10. Committee members must not have familial
relationships (by marriage or bloodline up to
1. Possess high integrity, capability, knowledge, the second degree, vertically or horizontally)
and experience relevant to their educational with the Board of Commissioners, Board of
background, as well as strong communication Directors, or major shareholders.
skills. Independent Committee members 11. Committee members are prohibited from
must maintain integrity, independence, having significant business relations directly
competence, and reputation. “Integrity” or indirectly related to the Company’s
means not being classified as a prohibited business activities.
party, not appearing on failed clearance lists, 12. To support their roles and responsibilities,
and not having non-performing loans or Committee members must continuously
financing, supported by a personal statement. enhance their competencies through
“Maintaining reputation” refers to upholding education and training.
both personal and corporate reputation.
2. At least one Independent Committee member independence of the Audit Committee
must have expertise in accounting and
finance and/or Sharia banking. 1. An Independent Commissioner is a member of
3. Possess adequate knowledge to read and the Board of Commissioners who:
understand financial statements. a. Has not been employed by or held
4. Have sufficient knowledge of capital market authority and responsibility to plan, lead,
regulations and other relevant regulations. control, or supervise the Company’s
5. Have no affiliation with the Board of activities within the last 6 (six) months,
Commissioners, Board of Directors, or the except in the case of reappointment as an
Company’s Controlling Shareholders. Independent Commissioner for the next
6. Understand the Company’s business, term;
particularly regarding banking services or b. Does not own shares in the Company,
business activities, audit processes, and risk either directly or indirectly;
management. c. Has no affiliation with the Company,
7. Must not be an insider of a Public Accountant members of the Board of Commissioners,
Office, consulting firm, or any entity providing the Sharia Supervisory Board, members of
audit and/or non-audit and/or other the Board of Directors, or the Company’s
consulting services to the Company within the d. Has no business relations, either directly
past 6 (six) months before appointment by or indirectly, related to the Company’s
the Board of Commissioners. Must not hold business activities.
direct or indirect shares in the Publicly Listed
Company. 2. An Independent Party refers to an external
8. Former members of the Board of Directors, party not affiliated with the Company,
Executive Officers, or individuals with ties to who has no financial, managerial, share
the Company that could compromise their ownership, or family relationship with the
independence must undergo a minimum Board of Commissioners, Sharia Supervisory
Tbk
6 (six)-month cooling-off period before Board, Board of Directors, and/or controlling
Tbk
Syariah
being eligible as an Independent Committee shareholders, nor any other relationship that
Syariah
member. However, this requirement does could affect their ability to act independently.
PTPT Bank
Bank BTPN
BTPN
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annual report 2024 | good corporate governance
The BTPN Syariah Audit Committee has acted remaining two members being Independent
independently in carrying out its duties and Parties with respect to the Bank. No members
responsibilities, as evidenced by: of the Board of Directors serve on the Audit
Committee.
1. Maintaining compliance with the code of
ethics established by the Issuer or Public All members of the Audit Committee have
Company and other applicable regulations declared their continued independence from
throughout 2024; the Bank throughout 2024, as stated in their
Independence Declaration Letter.
2. All members of the Audit Committee meeting
the independence criteria, as reflected in the Throughout 2024, the Audit Committee has
appointment of the Committee Chairperson, carried out its duties independently, with no
who is an Independent Commissioner, and the conflicts of interest within BTPN Syariah.
composition of the Audit Committee members
Throughout 2024, there were no changes in the composition of the BTPN Syariah Audit Committee,
which remained the same as in 2023, as established by Board of Directors Decree No. SK.012/DIR/
CSGC/VII/2023, dated July 18, 2023, regarding the Composition of the Audit Committee at BTPN
Syariah.
no name position date of appointment
1 Mulya Effendi Siregar Chairperson concurrently serves July 18, 2023
(Independent Commissioners) as a Member
2 Tika Arundina Member February 14, 2019
(Independent Party)
3 Rena Mutia Indriani Member November 1, 2021
(Independent Party)
evaluation of general provisions of the (BUS) and Sharia Business Units (UUS), as
Audit Committee well as POJK No. 17 of 2023, which mandates
that the Audit Committee must include
1. The establishment and composition of at least one Independent Commissioner,
the Audit Committee at BTPN Syariah one Independent Party with expertise in
adhere to the provisions of POJK No. 17 accounting and finance, and one Independent
of 2023 concerning the Implementation of Party with expertise in Sharia banking.
Governance for Commercial Banks. The Audit
Committee is accountable to the Board of evaluation of Audit Committee
Commissioners and assists in carrying out its
membership requirements
duties and functions.
2. The determination of the Audit Committee’s 1. The Independent Commissioner serving on the
composition is based on a Board of Directors Audit Committee has met the membership
Decree, ensuring compliance with regulations requirements as stipulated in SEBI No. 12/13/
related to Good Corporate Governance DPbS regarding the Implementation of Good
(GCG) implementation. Corporate Governance for Sharia Commercial
3. The Audit Committee is chaired by an Banks (BUS) and Sharia Business Units
Independent Commissioner, with a total (UUS), POJK 33/POJK.04/2014 on Boards of
PT Bank BTPN Syariah Tbk
membership comprising one Independent Directors and Commissioners of Issuers or
Commissioner and two Independent Public Companies, POJK 55/POJK.04/2015
Parties external to the Bank. This structure on the Establishment and Implementation
aligns with SEBI No. 12/13/DPbS on the Guidelines for the Audit Committee, and
Implementation of Good Corporate POJK No. 17 of 2023 on the Implementation
Governance for Sharia Commercial Banks of Governance for Commercial Banks.
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2. The Independent Commissioner on the Audit 1. The Committee has the primary duty and
Committee has undergone the Fit and Proper responsibility to:
Test and has been declared qualified by the a. Monitor and evaluate the planning and
Financial Services Authority (OJK). implementation of both internal and
3. No members of the Board of Directors external audits, as well as oversee the
serve as members of the Audit Committee, follow-up on audit findings to assess the
ensuring compliance with the applicable adequacy of internal controls, including the
regulations on Good Corporate Governance adequacy of financial reporting processes.
(GCG) for Sharia Commercial Banks (BUS) b. Provide independent professional
and Sharia Business Units (UUS). opinions to the Board of Commissioners
4. The Independent Party members of the Audit regarding reports or matters submitted
Committee meet the membership criteria, by the Board of Directors to the Board of
including: Not being individuals from a Public Commissioners and identify issues that
Accounting Firm, Law Firm, Public Appraisal require the attention of the Board of
Service Office, or other entities providing Commissioners.
insurance, non-insurance, valuation, or other
consultancy services to BTPN Syariah within 2. Description of the Audit Committee’s Duties
the past six months. Not having worked and Responsibilities
for or held authority over planning, leading, a. To support the effectiveness of the Board
controlling, or supervising BTPN Syariah’s of Commissioners in carrying out its duties
activities within the past six months, except and responsibilities, the Audit Committee
for the Independent Commissioner. prepares an annual activity plan, which is
5. Members of the BTPN Syariah Audit approved by the Board of Commissioners.
Committee possess educational backgrounds
and expertise in fields such as accounting, b. Assisting the Board of Commissioners
finance, compliance, financial statement in ensuring the effectiveness of the
analysis, company business operations Company’s Internal Audit Unit (SKAI) and
(particularly related to BTPN Syariah’s the effectiveness of the Board of Directors
services and business activities), auditing in following up on audit findings and
processes, risk management, legal matters, recommendations. In this regard, the Audit
operations, conventional and Islamic Committee is responsible for:
banking, capital market regulations, and 1) Monitoring, reviewing, and assessing
other applicable legal provisions, ensuring the effectiveness of internal audit
compliance with relevant regulations. execution, as well as overseeing the
6. All members of the BTPN Syariah Audit follow-up actions on audit findings
Committee do not have any affiliate to evaluate the adequacy of internal
relationships with members of the Board of controls, including the adequacy of the
Commissioners, Board of Directors, or Major financial reporting process.
Shareholders of the Issuer, thus complying 2) Monitoring and evaluating the
with the applicable regulatory requirements.. performance of the Internal Audit Unit
(SKAI).
profile of Audit Committee members 3) Monitoring and evaluating the
compliance of audit implementation
The profiles of the Audit Committee members by the public accounting firm with
can be found in the profiles of the Board of auditing standards.
Commissioners and Independent Parties in this 4) Ensuring that the Internal Audit Unit
2024 Annual Report. (SKAI) communicates with the Board
of Directors, Board of Commissioners,
Tbk
duties and responsibilities of the Audit Sharia Supervisory Board (DPS),
Tbk
Syariah
Committee external auditors, and the Financial
Syariah
Services Authority (OJK).
In accordance with the latest Audit Committee 5) Ensuring that SKAI operates
BTPN
Charter for 2024, the duties and responsibilities independently.
BTPN
of the Committee include: 6) Providing recommendations to the
Bank
Board of Commissioners and granting
Bank
approval regarding the preparation of
PTPT
the audit plan, scope, and SKAI budget.
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annual report 2024 | good corporate governance
7) Reviewing audit reports and ensuring 16) Providing recommendations to the
that the Board of Directors takes Board of Commissioners for the
prompt corrective actions to address approval of the Internal Audit Charter.
weaknesses in internal controls,
fraud, non-compliance with policies, c. Conducting monitoring and evaluation of:
laws, and regulations, or other issues 1) The implementation of policies and
identified and reported by SKAI, procedures for internal control in the
the Public Accounting Firm (KAP), Bank’s financial reporting process.
OJK’s supervisory findings, and/or 2) The compliance of Financial
oversight results from other authorities Statements with financial accounting
and institutions. This also includes standards and the regulations of the
approving any changes to corrective Financial Services Authority (OJK)
actions and revised target completion regarding financial transaction
dates related to audit findings on recording.
information technology as stated in the
Audit Report. d. Providing recommendations for the
8) Providing recommendations to the appointment of the Public Accountant
Board of Commissioners regarding (AP) and Public Accounting Firm (KAP)
the annual remuneration of SKAI to the Board of Commissioners for
as a whole, as well as performance submission to the General Meeting
incentives. of Shareholders (GMS), based on
9) Ensuring that SKAI upholds integrity in independence, scope of engagement,
carrying out its duties. and fees, while ensuring that the audit
10) Reviewing complaints related to the conducted by the AP complies with
Company’s accounting and financial applicable auditing standards.
reporting processes.
11) Reviewing financial information In the event that the AP and/or KAP
to be released to the public and/ appointed by the GMS is unable to
or regulatory authorities, including complete the audit services for the
financial statements, projections, and annual historical financial information
other reports related to the Company’s within the Professional Engagement
financial information. Period, the Committee must provide
12) Reviewing the Company’s compliance recommendations for the appointment
with laws and regulations related to its of a replacement AP and/or KAP to the
business activities, including banking, Board of Commissioners.
capital markets, and other applicable
regulations. The Committee provides recommendations
13) Providing an independent opinion by considering at least the following
in case of disagreements between factors:
management and the public 1) The independence of the Public
accountant regarding the services Accountant (AP), Public Accounting
provided. Firm (KAP), and individuals within the
14) Providing recommendations to the KAP;
Board of Commissioners regarding the 2) The scope of the audit;
appointment of an external party to 3) The audit service fees;
review SKAI’s performance. 4) The expertise and experience of the AP,
15) Providing recommendations to the KAP, and the Audit Team from the KAP
Board of Commissioners regarding the 5) The audit methodology, techniques,
appointment and dismissal of the Head and tools used by the Public Accounting
PT Bank BTPN Syariah Tbk
of SKAI. Firm (KAP);
6) The benefits of fresh-eye perspectives
gained from the replacement of the
Public Accountant (AP), KAP, and the
Audit Team from the KAP;
7) The potential risks of using the
same KAP for an extended period
consecutively; and/or
405
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8) The evaluation results of the audit using independent external parties within
services performed on historical the timeframe determined by the Financial
annual financial information by the Services Authority (OJK).
AP and KAP in the previous period, if
applicable. l. Maintaining the confidentiality of
all Company documents, data, and
e. Analyzing the adequacy of the audit information in its possession.
conducted by the Public Accountant (AP)
and the Public Accounting Firm (KAP) to 3. In carrying out its duties and responsibilities:
ensure that all significant risks have been a. Members of the Committee must avoid
considered. any form of conflict of interest and are
prohibited from taking actions that could
f. Evaluating the implementation of audit potentially harm or reduce the Company’s
services on historical annual financial profits in the execution of their duties and
information by the AP and/or KAP. This responsibilities.
evaluation is conducted at a minimum b. In the event of a conflict of interest,
through: Committee members are required to
1) The compliance of the audit conducted disclose such conflicts in any decision-
by the AP and/or KAP with applicable making process where a conflict of interest
audit standards; exists.
2) The adequacy of the time allocated for c. Committee members are prohibited from
fieldwork; requesting or accepting commissions,
3) The assessment of the scope of service fees, money, valuable goods, and/
services provided and the adequacy of or anything of economic value or other
sampling tests; and benefits for personal gain, for their
4) The improvement recommendations family, or other parties in relation to the
provided by the AP and/or KAP. Company’s business activities or other
activities related to the Company.
g. Reviewing and reporting to the Board of d. Committee members are prohibited from
Commissioners on any legal claims arising accepting orders or requests from the
against the Company. Company’s shareholders, affiliated parties,
and/or other parties to:
h. Conducting and authorizing investigations 1) Take actions related to the Company’s
within the scope of its duties if necessary. business activities and/or other
activities that are not in line with good
i. Reviewing and providing recommendations corporate governance practices within
to the Board of Commissioners regarding the Company;
potential conflicts of interest within the 2) Engage in criminal activities and/or
Company. actions that indicate criminal offenses;
and/or
j. Reviewing complaints received through 3) Undertake actions that could harm,
the whistleblowing channel, where the potentially harm, and/or reduce the
Committee may request or directly Company’s profits.
receive reports, determine or conduct
investigations, and take necessary authority of the Audit Committee
actions concerning complaints received,
particularly if the complaint involves a Referring to the latest Audit Committee Charter
member of the Board of Directors or the in 2024, the authority of the Audit Committee at
Tbk
Board of Management. BTPN Syariah includes:
Tbk
Syariah
1. The Committee has the authority to
Syariah
k. Ensuring that the Company has internal obtain full, unrestricted, and free access to
audit guidelines that include audits of information regarding employees, funds,
BTPN
Information Technology operations and assets, and other corporate resources related
BTPN
ensuring the implementation of periodic to the execution of its duties, including
Bank
reviews of the internal audit function, other authorities granted by the Board of
Bank
including Information Technology audits, Commissioners.
PTPT
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annual report 2024 | good corporate governance
2. In exercising its authority, the Committee 6. Any dissenting opinions arising during the
will collaborate with the Internal Audit Unit meeting must be clearly recorded in the
(SKAI) and other necessary units. minutes, along with the reasons for the
3. The Committee may involve independent dissent.
parties outside its members to assist in 7. The Committee may also make valid decisions
carrying out its duties, if needed. without holding a meeting, provided that all
4. The Committee may engage external members have been notified in writing, and
consultants, accountants, or other external all members provide their written approval by
parties to provide advice or guidance related signing a circular resolution. Decisions made
to investigations, seek relevant information in this manner have the same legal force as
from employees, and require employees decisions made in a duly convened Committee
to cooperate in fulfilling the Committee’s meeting.
requests. 8. A meeting between the Internal Audit Unit
(SKAI) and the Committee, without the
term of office of the Audit Committee presence of the Board of Directors, is held at
least once a year.
1. The tenure of Audit Committee members 9. A meeting between the Committee and the
shall not exceed the term of office of the External Auditor, without the presence of the
Board of Commissioners, as stipulated in the Board of Directors, is held at least once a year
Articles of Association, and members may be after the financial statements are closed.
reappointed for only one additional term. 10. A meeting between the Committee and the
2. If the Chairman or a member of the Compliance Unit is held at least once a year.
Committee resigns before their term ends, 11. Committee members may participate in
another Independent Commissioner shall meetings via teleconference, video conference,
replace them. or other communication facilities that enable
3. If the term of office of the Committee all members to see, hear, and speak with one
members expires and reappointment is not another. Participation through such means
permitted under applicable regulations, while shall be considered as direct attendance, and
at the same time the Board of Commissioners members shall be counted in determining the
has not yet appointed new Committee meeting quorum. Any decisions made in such
members, the tenure of the existing meetings must be documented in writing and
Committee members shall be extended until signed by the Chairman of the Meeting and
the Board of Commissioners appoints new another Committee member appointed for
members. this purpose.
Audit Committee meeting policy minutes of meetings
1. The Committee holds meetings as needed by The results of the Committee meetings are
the Company, but at least once a month. documented in the minutes of meetings, and
2. Committee meetings may be attended distributed to all Committee members, members
physically or via video conferencing facilities. of the Board of Commissioners who are not part
A meeting is considered valid if attended by a of the Committee, and the Corporate Secretary.
majority of the Committee members. The minutes of Committee meetings are properly
3. Decisions in Committee meetings are made stored in both printed and electronic formats by
based on deliberation and consensus. If the Corporate Secretary.
consensus is not reached, decisions are made
based on a majority vote.
4. Committee meetings are chaired by the
Chairman of the Committee.
PT Bank BTPN Syariah Tbk
5. If the Chairman is unable to attend, one of
the attending members shall be appointed to
chair the meeting.
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Audit Committee statement on the The results of this supervisory process are
effectiveness of the internal control reported to the Board of Directors and the Board
system of Commissioners. Additionally, the follow-up
actions on audit findings are closely monitored to
The Audit Committee has conducted reviews, support performance improvement and maintain
evaluations, and oversight and considers that the the financial soundness of BTPN Syariah.
internal control system implemented at BTPN
Syariah throughout 2024 has been effective Audit Committee report
and adequate. This includes financial controls,
operational controls, regulatory compliance, and As of December 31, 2024, the Audit Committee
the implementation of Sharia compliance. has held 12 (twelve) meetings, in line with the
total planned meetings of 12, and has issued 5
The Audit Committee’s review of the (five) Circular Resolutions. Thus, the commitment
effectiveness and efficiency of the Bank’s Internal to the Audit Committee meetings for 2024 has
Control System covers the following aspects: been fully met.
a. Findings from the Internal Audit Unit
(SKAI) indicate that, in general, the Throughout 2024, the Audit Committee of
implementation of the Internal Control BTPN Syariah has discussed various matters
System has been effective. and provided recommendations to the Board of
b. Follow-up actions on audit findings Commissioners, including but not limited to:
have been carried out according to the a. Monitoring and evaluating the
established schedule. implementation of internal audits to
assess the adequacy of internal controls,
BTPN Syariah has implemented an internal including the adequacy of the financial
control framework based on the Three Lines reporting process, as well as the follow-up
of Defense approach, with each line operating actions taken by management on internal
independently: and external audit findings.
a. Operational Units, supported by the b. Monitoring and evaluating the
Quality Assurance (QA) Function, perform implementation of the 2024 Audit Plan
their tasks in accordance with applicable Process.
regulations to uphold effective daily c. Monitoring and evaluating the anti-fraud
operational risk management practices. management strategy.
b. The Risk Management Unit (SKMR) d. Providing recommendations to the Board
and the Compliance Unit (SKK) are of Commissioners regarding the Bank’s
responsible for defining and maintaining Annual Financial Statements, through
risk management methodologies, ensuring meetings with the Board of Directors
adequate risk mitigation, establishing and the Public Accountant (AP) from
risk policies and procedures, setting risk the appointed Public Accounting Firm
limits, and facilitating the overall risk (KAP), who audited the Bank’s financial
management process. The SKK ensures statements for the financial year ended
that all activities at BTPN Syariah December 31, 2023.
comply with both external and internal e. Providing recommendations for the
regulations, including adherence to Sharia appointment of the Public Accountant
principles. (AP) and/or Public Accounting Firm (KAP)
c. Internal Audit functions independently to to audit the Bank’s financial statements
ensure that all inherent risks are effectively for the financial year ending December 31,
managed, so that residual risks remain 2024.
within the Bank’s agreed risk tolerance and f. Providing recommendations for the
Tbk
risk appetite. approval of published financial reports
Tbk
Syariah
as of December 31, 2023, March 31, 2024,
Syariah
June 30, 2024, and September 30, 2024.
g. Meeting with inspirational customers who
BTPN
received the 2024 Umrah Appreciation
BTPN
Program.
PTPT Bank
Bank
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annual report 2024 | good corporate governance
h. Conducting supervisory duties through employee discipline in performing their tasks,
visits to KCS, Wisma, Sentra, and prompting the Bank to implement various
customers. programs to enhance discipline.
i. Monitoring and evaluating the
implementation of internal audits to Follow-up on audit findings is monitored
assess the adequacy of internal controls, regularly, with reports submitted to the Audit
including the financial reporting process Committee to ensure that corrective actions
and the follow-up actions taken on audit are implemented within the targeted time-
findings. frame. Internal audits also cover information
j. Holding meetings with the Public technology aspects to ensure the reliability of
Accountant (AP) and/or Public Accounting the Bank’s operational systems.
Firm (KAP) to audit the Bank’s financial
statements for the financial year ending 3. Compliance, Legal, and Litigation
December 31, 2024.
k. Holding meetings with the Head of Audit Throughout 2024, the Bank remained in full
of SMBCI. compliance with all applicable regulations.
l. Reviewing the 2024 Compliance Report. The compliance risk level was well maintained,
m. Updating the Audit Committee Work with no significant violations or fines imposed
Guidelines. by regulators. The Audit Committee also
ensured that the findings from the Financial
Throughout 2024, the Audit Committee of Services Authority (OJK) were addressed
BTPN Syariah actively played a role in ensuring in a timely manner in line with the Bank’s
the transparency of financial reports, the commitments.
effectiveness of internal audits, compliance with
regulations, and the implementation of anti- From a legal perspective, there were no
fraud strategies. lawsuits or litigation issues that had a
significant impact on the Bank’s financial
1. Oversight of Financial Statements and or operational condition. To mitigate future
External Audit legal risks, the Bank continues to strengthen
its policies and procedures while ensuring
The Audit Committee ensures that the 2024 that all agreements with customers undergo
financial statements have been prepared thorough evaluation by the legal team.
in accordance with applicable accounting
standards (PSAK for Sharia products) and 4. Implementation of Anti-Fraud Management
comply with regulatory requirements. There and Whistle-blowing
were no significant findings that had a major
impact on the Bank’s financial position, The Audit Committee oversees the
although there were minor differences implementation of Anti-Fraud Management,
between projected and actual performance. which includes monitoring the four pillars of
the anti-fraud strategy and receiving regular
The Committee also evaluated the reports from relevant units. In 2024, the most
independence of the Public Accounting Firm frequently reported fraud cases through
(KAP) by ensuring there were no conflicts the whistle-blowing system were related to
of interest and comparing audit fees with savings management and loan installment
industry standards to ensure cost efficiency. payments. The Committee ensures that all
Additionally, the Committee held regular complaints are handled transparently and
meetings to ensure that the scope of the promptly.
audit conducted by KAP covered all financial
and operational aspects of the Bank. As an improvement measure, there is a
PT Bank BTPN Syariah Tbk
need to encourage employees to act as peer
2. Oversight of Internal Audit and Risk controllers, fostering a culture where they feel
Management more confident in preventing and reporting
potential fraud. The success indicators of this
The Audit Committee assesses that the strategy include a reduction in the number
Internal Audit Unit (SKAI) has carried out and frequency of fraud cases, as well as
its duties effectively. Audit results indicate improved speed in detection and resolution.
that one of the main challenges is the lack of
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5. Field Visits Charter of the Nomination and Remuneration
Committee of BTPN Syariah regulate the
As part of its supervisory duties, the Audit following matters:
Committee conducted field visits to engage 1. Organization
directly with employees and financing as 2. Membership Requirements
well as funding customers. Throughout 2024, 3. Independence
supervisory visits to financing areas included 4. Duties and Responsibilities
Malang, Surabaya, Semarang, Banten, 5. Remuneration Policy for the Board of
and Cileungsi. These visits were carried out Commissioners, Sharia Supervisory Board,
through interactive two-way dialogues with and Board of Directors
Community Officers, Business Managers, and 6. Self-Assessment Policy for the Board of
Business Coaches, as well as customers, to Commissioners, Sharia Supervisory Board,
discuss field conditions and challenges while and Board of Directors
gathering valuable feedback to improve BTPN 7. Authority of the Nomination and
Syariah’s services. Meanwhile, the Board of Remuneration Committee
Commissioners provided directives to enhance 8. Work Ethics
operational effectiveness. 9. Meeting Arrangements
10. Reporting Responsibilities
All activities conducted throughout 2024 were 11. Term of Office
documented in the Audit Committee’s Task
Implementation Report, which was submitted The Charter have been reviewed for their
to the Board of Commissioners periodically relevance to current conditions and regulatory
every semester. provisions, ensuring alignment with applicable
laws and regulations. The Nomination and
Remuneration Committee has approved the
nomination and review of the Charter for 2024, as documented
remuneration committee in No. 03/PedomanKerja/CSGC/XII/2024 dated
December 24, 2024, which is available on the
As a public company, BTPN Syariah has company’s website.
established a Nomination and Remuneration
Committee, which is appointed and dismissed The latest version of the Nomination and
by the Board of Commissioners. The formation Remuneration Committee Charter is available on
of this committee complies with SEBI No. the Company’s website.
12/13/DPbS dated April 30, 2010, regarding the
Implementation of Good Corporate Governance organization of the Nomination and
for Sharia Commercial Banks (BUS) and Sharia Remuneration Committee
Business Units (UUS), in conjunction with POJK
33/POJK.04/2014 concerning the Board of The organizational structure defines the
Directors and Board of Commissioners of Issuers composition and membership structure of the
or Public Companies, as well as POJK 17 of committee as follows:
2023 dated September 14, 2023, regarding the 1. he Committee must consist of at least 3
Implementation of Governance for Commercial (three) members, comprising:
Banks. a. 1 (one) Independent Commissioner
b. 1 (one) Non-Independent Commissioner
charter of the Nomination and c. 1 (one) Executive Officer responsible for
Remuneration Committee Human Resources
In carrying out its duties and responsibilities, 2. The Committee is chaired by the Independent
Tbk
the Nomination and Remuneration Committee Commissioner, who also serves as a member.
Tbk
Syariah
of BTPN Syariah has established Charter
Syariah
that comply with the provisions of POJK No. 3. Members of the Board of Directors are
34/POJK.04/2014 dated December 8, 2014, prohibited from serving as members of the
BTPN
regarding the Nomination and Remuneration Committee. If the Committee consists of
BTPN
Committee of Issuers or Public Companies. more than 3 (three) members, there must be
Bank
at least 2 (two) Independent Commissioners.
Bank
PTPT
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annual report 2024 | good corporate governance
4. The Committee’s Charter must be approved independence of the Nomination and
by the Board of Commissioners and reviewed Remuneration Committee
annually.
5. The appointment and dismissal of Committee The Nomination and Remuneration Committee
members must be carried out by the Board of of BTPN Syariah has carried out its duties and
Directors based on a resolution of the Board responsibilities independently, as follows:
of Commissioners meeting. 1. The Independent Commissioner serving on the
Nomination and Remuneration Committee
6. Other Commissioners who are not members is a member of the Board of Commissioners
of the Committee may act as observers and who has no financial, managerial, share
attend meetings but do not have voting rights ownership, and/or familial relationship
in the Committee’s decision-making process. with other members of the Board of
Commissioners, the Sharia Supervisory Board,
7. The Board of Commissioners must evaluate the Board of Directors, and/or the Controlling
the Committee’s performance at least at the Shareholder, or any other relationship that
end of each financial year. may affect their ability to act independently.
2. An Independent Party is an external party
membership requirements of the unaffiliated with the Bank who has no
Nomination and Remuneration financial, managerial, share ownership, and/
Committee or familial relationship with the Board of
Commissioners, the Sharia Supervisory Board,
1. Must possess high integrity, competence, the Board of Directors, and/or the Controlling
adequate knowledge, and relevant experience Shareholder, or any other relationship that
according to their educational background, as may affect their ability to act independently.
well as strong communication skills.
2. At least one Independent Party member of The independence of the Nomination and
the Committee must have expertise in law Remuneration Committee at BTPN Syariah
and/or banking. is demonstrated through the appointment of
3. Must have sufficient knowledge of capital the Committee Chair, who is an Independent
market regulations and other applicable laws. Commissioner, as well as the composition of its
4. Former members of the Board of Directors members, which includes: one (1) Independent
or executive officers of the Bank, or any Commissioner, one (1) member of the Board of
individuals with affiliations that could Commissioners, and one (1) Executive Officer
affect their independence, cannot serve overseeing Human Capital. No members of the
as Independent Party members of the Board of Directors serve on the Nomination and
Committee until they have completed a Remuneration Committee of the Bank.
six (6)-month cooling-off period. However,
this requirement does not apply to former The Committee has complied with regulations
Directors who previously held supervisory requiring that if the number of committee
functions. members exceeds 3 (three), at least 2 (two)
5. Committee members must not have family members must be Independent Commissioners.
relationships by marriage or blood up to
the second degree, either horizontally or Throughout 2024, the Nomination and
vertically, with members of the Board of Remuneration Committee has performed its
Commissioners, the Sharia Supervisory Board, duties without any conflicts of interest at
the Board of Directors, or major shareholders. BTPN Syariah.
6. Committee members, whether directly
or indirectly, are prohibited from having
PT Bank BTPN Syariah Tbk
significant business relationships related to
the Bank’s business activities.
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composition of the Nomination and Remuneration Committee
The Board of Commissioners has conducted a review and approved the strengthening of the
membership of the Nomination and Remuneration Committee throughout 2024 while ensuring
compliance with Good Corporate Governance (GCG) principles. The composition of the Nomination
and Remuneration Committee was established based on the Board of Directors’ Decree No. SK.003/
DIR/CSGC/VI/2024 dated June 12, 2024, in consideration of the Board of Commissioners’ Decision
dated December 24, 2024. This decision was made in relation to the transition period of the Executive
Officer in charge of Human Capital, who will serve as both a member and secretary of the committee,
effective January 1, 2025.
composition of the BTPN Syariah nomination and remuneration committee as of december 31, 2024
no name position date of appointment
1 Kemal Azis Stamboel Chairperson concurrently June 13, 2014
(President Commissioner/Independent) serves as a Member
2 Dewie Pelitawati Member June 13, 2014
(Independent Commissioner)
3 Ongki Wanadjati Dana Member October 13, 2022
(Commissioner)
4 Ibnu Agung Mulyanto Member concurrently April 21, 2021 and ended
(Executive Officer of Human Capital) serves as a Secretary on December 31, 2024
Note
The Board of Commissioners approved the appointment of an Executive Officer for Human Capital on December 24, 2024, to serve as a Committee
Member and concurrently as the Committee Secretary, replacing the previous Human Capital Executive Officer who resigned from the position, effective
January 1, 2025.
evaluation of general provisions for Regulation No. 12/13/DPbS dated April 30,
the Nomination and Remuneration 2010, concerning the Implementation of
Committee Good Corporate Governance for BUS and
UUS, in conjunction with POJK Regulation
No. 34/POJK.04/2014 on the Nomination
1. The establishment and composition of the
and Remuneration Committee for Issuers or
Nomination and Remuneration Committee
Public Companies. These regulations stipulate
at BTPN Syariah are guided by SEBI
that the Nomination and Remuneration
Regulation No. 12/13/DPbS concerning
Committee must consist of at least three
the Implementation of Good Corporate
members, including one Independent
Governance for Sharia Commercial Banks
Commissioner, one Non-Independent
and Sharia Business Units (BUS and UUS),
Commissioner, and one Executive Officer
in conjunction with POJK Regulation No.
overseeing Human Resources.
34/POJK.04/2014 on the Nomination and
Remuneration Committee for Issuers or Public
Companies, and POJK Regulation No. 17 of
evaluation of membership requirements
2023 on the Implementation of Governance for the Nomination and Remuneration
for Commercial Banks. Committee
2. The composition of the Nomination
and Remuneration Committee is 1. The Commissioners and Independent
determined based on a Board of Directors’ Commissioners serving on the Nomination
and Remuneration Committee at BTPN
Tbk
Decree, ensuring compliance with GCG
Tbk
implementation regulations. Syariah have met the membership
Syariah
3. The Nomination and Remuneration requirements as stipulated in SEBI No. 12/13/
Syariah
Committee at BTPN Syariah is chaired by DPbS dated April 30, 2010, concerning
the Implementation of Good Corporate
BTPN
an Independent Commissioner, with its
BTPN
membership consisting of two Independent Governance for BUS and UUS. Additionally,
their appointment aligns with POJK No. 34/
Bank
Commissioners, one Commissioner, and
Bank
one Executive Officer overseeing Human POJK.04/2014 regarding the Nomination
PTPT
Resources. This composition complies with and Remuneration Committee for Issuers or
the applicable regulations, including SEBI Public Companies,
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annual report 2024 | good corporate governance
POJK No. 33/POJK.04/2014 concerning providing independent professional opinions to
the Board of Directors and Board of the Board of Commissioners regarding reports
Commissioners of Issuers or Public or matters submitted by the Board of Directors,
Companies, and POJK No. 17 of 2023 on as well as identifying issues that require the
Corporate Governance Implementation. Board of Commissioners’ attention. These
2. The Commissioners and Independent responsibilities include:
Commissioners serving on the Nomination 1. Related to Remuneration Policy:
and Remuneration Committee have a. Evaluating the remuneration policy.
undergone the Fit and Proper Test and have b. Assessing the alignment between
been declared competent and suitable by the the remuneration policy and its
Financial Services Authority (OJK). implementation.
3. No members of the Board of Directors c. Providing recommendations to the Board
serve on the Nomination and Remuneration of Commissioners regarding:
Committee, ensuring compliance with 1) Remuneration policies, remuneration
applicable GCG regulations for BUS and UUS. structure, and the amount of
4. The executive officer in charge of Human remuneration for the Board of
Resources within the company complies Commissioners, Board of Directors,
with the required regulations, as the Head and the Sharia Supervisory Board, to
of Human Capital serves as both a member be submitted to the General Meeting
and secretary of the Nomination and of Shareholders.
Remuneration Committee, meeting the 2) Conducting studies and providing
membership criteria. recommendations to the Board of
5. Members of the Nomination and Commissioners on high-level employee
Remuneration Committee at BTPN remuneration strategies, considering
Syariah possess educational backgrounds internal and external factors, for
and expertise in Human Resources, Law, submission to the Board of Directors.
Compliance, Risk Management, Accounting,
and Finance. They also have a solid 2. Related to Nomination Policy:
understanding of financial statements, the a. Providing recommendations to the
company’s business—particularly in relation to Board of Commissioners regarding
financial services and BTPN Syariah’s business the composition of the Board of
operations—audit processes, and capital Commissioners and/or the Sharia
market regulations, as well as other relevant Supervisory Board and/or the Board of
legal provisions. This ensures compliance with Directors.
the applicable regulations. b. Developing and providing
6. In adherence to transparency principles, recommendations on the system and
all members of the Nomination and procedures for the selection and/or
Remuneration Committee have no replacement of members of the Board of
affiliation with members of the Board of Commissioners, the Sharia Supervisory
Commissioners, the Board of Directors, or Board, and the Board of Directors to the
the Major Shareholders of the Issuer, thus Board of Commissioners for submission
fulfilling the regulatory requirements. to the General Meeting of Shareholders
(GMS).
profile of Nomination and c. Recommending candidates for the Board
Remuneration Committee members of Commissioners, the Sharia Supervisory
Board, and the Board of Directors to the
The profiles of the Nomination and Board of Commissioners for submission
Remuneration Committee members are included to the GMS. Specifically, for candidates
in the Human Resources profile section for Board for the Board of Directors, Human Capital
PT Bank BTPN Syariah Tbk
Committees in this 2024 Annual Report. facilitates the process by identifying
internal and external candidates,
duties and responsibilities of the assessing their suitability, and evaluating
Nomination and Remuneration their potential for future development.
Committee d. Recommending independent parties
to serve as members of the Audit
In accordance with the latest Nomination and Committee and the Risk Monitoring
Remuneration Committee Charter in 2024, the Committee, particularly to the Board of
Committee’s duties and responsibilities include Commissioners.
413
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e. Ensuring that independent committee responsible for Human Capital and other
members carry out their duties, relevant units, including the authority to
responsibilities, and authority with appoint consultants if necessary.
integrity, independence, competence,
and in a manner that upholds the term of office of the Nomination and
organization’s reputation. Remuneration Committee
f. Assisting the Board of Commissioners in The term of office governs matters related to the
developing mechanisms and conducting period of service and the procedures for replacing
performance evaluations for members of Committee members, including:
the Board of Commissioners, the Sharia
Supervisory Board, and/or the Board of 1. The term of office of Committee members
Directors. must not exceed the tenure of the Board of
g. Designing development programs to Commissioners as stipulated in the Articles of
enhance the capabilities of members of Association and may be reappointed for the
the Board of Directors and/or the Board of next period.
Commissioners. 2. If a member of the Board of Commissioners
serving as the Chair of the Committee
3. The Committee is required to ensure that the resigns before the end of their term as a Bank
remuneration policy is at least aligned with: Commissioner, the position of Committee
a. Financial performance and the fulfillment Chair will be replaced by an Independent
of allowance for asset write-offs Commissioner.
as regulated by applicable laws and 3. If the term of office of Committee members
regulations; has expired and, based on regulations,
b. Individual work performance; they cannot be reappointed, while at the
c. Fairness in comparison with peer groups same time the Board of Commissioners is
both within and outside the Bank; not yet eligible to appoint new Committee
d. Considerations of the Bank’s long-term members, the term of the existing Committee
goals and strategies. members will be extended until the Board of
Commissioners becomes eligible to appoint
5. Safeguarding the confidentiality of all Bank new members.
documents, data, and information. 4. The replacement of Committee members who
are not from the Board of Commissioners
6. Carrying out other tasks, in addition to those must be carried out no later than 60 (sixty)
mentioned above, as assigned by the Board days after the respective member is unable to
of Commissioners to the Committee in perform their duties.
accordance with its functions and duties from
time to time, as needed. meeting policy of the Nomination and
Remuneration Committee
authority of the Nomination and
Remuneration Committee 1. Committee meetings are held as needed by
the Bank, with a minimum of one (1) meeting
Referring to the Charter of the Nomination every three (3) months.
and Remuneration Committee No. 03/
PedomanKerja/CSGC/XII/2024 dated December 2. Committee meetings can only be conducted
24, 2024, the authority of the Nomination and if attended by at least 51% (fifty-one
Remuneration Committee at BTPN Syariah percent) of the total members, including the
includes: Committee Chairperson or a Committee
Tbk
Member who is an Independent Commissioner
Tbk
Syariah
1. The Committee has the authority to obtain and an Executive Officer.
Syariah
full, unrestricted, and unlimited access to
information regarding employees, funds, 3. If the Nomination and Remuneration
BTPN
assets, and other Bank resources related to Committee members do not meet the
BTPN
the execution of its duties. minimum requirements as stated in the
Bank
2. In exercising its authority, the Committee Organization section, the committee’s
Bank
must collaborate with the Directorate recommendations in carrying out the
PTPT
nomination function:
414
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annual report 2024 | good corporate governance
a. May be accepted, if the committee manner shall have the same legal force as
includes at least one (1) Independent those made in a duly convened Committee
Commissioner or one (1) Non-Independent meeting.
Commissioner; or
b. May be exempted, in the event of a minutes of meeting of Nomination and
vacancy in the Board of Commissioners, Remuneration Committee
concerning proposals for the replacement
and/or appointment of members of The results of the Committee meetings are
the Board of Directors and/or Board of documented in the Minutes of Meeting, which
Commissioners to the General Meeting of will be distributed to each Committee member,
Shareholders (GMS). members of the Board of Commissioners
who are not part of the Committee, and the
4. Committee meeting decisions are made Corporate Secretary. The Committee’s Minutes
based on deliberation and consensus. If of Meeting are properly stored in both printed
consensus cannot be reached, decisions are and electronic formats by the Corporate
made based on the majority vote. Secretary.
5. Committee meetings are chaired by the report of the Nomination and
Committee Chair. Remuneration Committee
6. In the event that the Committee Chair is As of December 31, 2024, the Nomination and
unable to attend, the meeting shall be chaired Remuneration Committee has held four (4)
by one of the Committee members who is an meetings out of the total four (4) meetings
Independent Commissioner. planned meetings and issued one Circular
Resolution. Thus, the commitment to the
7. Committee members may participate in Nomination and Remuneration Committee
Committee meetings via teleconference, video meetings for 2024 has been well fulfilled in
conference, or other similar communication accordance with OJK Regulation No. 34/
means that allow all attending Committee POJK.04/2014 concerning the Nomination and
members to see, hear, and speak to one Remuneration Committee for Issuers or Public
another. Such participation shall be Companies.
considered as the physical presence of the
respective Committee member in the meeting In 2024, the Nomination and Remuneration
and shall be counted toward the meeting Committee meetings were conducted twice
quorum. Decisions made in such Committee online and twice in person, while fundamentally
meetings must be documented in writing maintaining the principles of Good Corporate
and signed by the Chair of the Meeting and Governance (GCG) for Sharia Commercial Banks
at least one other attending Committee (BUS). These meetings covered discussions on
member designated for this purpose by the the entire 2024 work plan of the Nomination and
Committee Meeting. Remuneration Committee, including oversight
of the follow-up actions taken by the Board of
8. The results of the Committee meetings must Directors and Management in response to the
be recorded in the Minutes of Meeting and Committee’s recommendations.
properly documented.
Throughout 2024, the Nomination and
9. Any dissenting opinions that arise during the Remuneration Committee at BTPN
Committee meetings must be clearly stated Syariah has discussed various matters and
in the Minutes of Meeting, along with the provided recommendations to the Board of
reasons for such dissenting opinions. Commissioners, including:
PT Bank BTPN Syariah Tbk
1. The Committee’s recommendation regarding
10. The Committee may also make valid decisions the determination of remuneration for 2024
without holding a formal meeting, provided for Bank Organs and Supporting Organs
that all Committee members have been (Independent Parties);
informed in writing and have given their 2. Recommendation regarding the transfer of
unanimous approval in writing through a shares to Material Risk Takers (MRTs);
circular resolution. Decisions made in this 3. Recommendation concerning changes
in the members of the Nomination and
11. Remuneration Committee;
415
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4. The Committee’s circular resolution on In line with this function, the Committee
the 2024 remuneration for the Board of continuously monitors improvements in the
Commissioners, Board of Directors, Sharia Bank’s risk management policies, regulations,
Supervisory Board, and Independent Parties and implementation to ensure that the Bank’s
serving as members of the Audit Committee risk management framework is effectively
and Risk Monitoring Committee; applied and functions optimally in achieving its
5. Recommendation regarding the transfer of risk management objectives.
Treasury Shares in 2025;
6. Plan for share allocation related to the charter of the Risk Monitoring
Deferred Bonus scheme for the Board of Committee
Directors (Material Risk Takers), both active
and inactive, for performance years 2021, The Risk Monitoring Committee has established
2022, and 2023, to be executed in January Guidelines and a Code of Conduct to regulate
2025; its duties and responsibilities. These guidelines
7. Recommendation on changes in the members outline the following key areas:
of the Nomination and Remuneration 1. Organization
Committee, effective January 1, 2025; 2. Membership Requirements
8. Approval of the Work Plan and Meeting 3. Independence
Schedule for the Nomination and 4. Duties and Responsibilities of the Committee
Remuneration Committee for 2025. Chairperson
5. Duties and Responsibilities
Throughout 2024, the Nomination and 6. Authority of the Risk Monitoring Committee
Remuneration Committee at BTPN Syariah has 7. Work Ethics
actively fulfilled all commitments in accordance 8. Meetings
with the 2024 work plan. 9. Minutes of Meeting and Reports
10. Reporting Responsibilities
Risk Monitoring Committee 11. Term of Office
As a public company, BTPN Syariah has organization of the Risk Monitoring
established a Risk Monitoring Committee, Committee
whose members are appointed and dismissed
by the Board of Commissioners. The inclusion 1. The Committee consists of at least three (3)
of Independent Commissioners in the Risk members, comprising:
Monitoring Committee complies with a. An Independent Commissioner
POJK No. 65/POJK.03/2016 concerning the b. An Independent Party with expertise in
Implementation of Risk Management for Sharia Islamic Banking
Commercial Banks and Sharia Business Units, c. An Independent Party with expertise in
in conjunction with POJK No. 33/POJK.04/2014 Risk Management
on the Board of Directors and Board of
Commissioners of Issuers or Public Companies, 2. The Committee is chaired by the Independent
and POJK No. 17 of 2023 dated September Commissioner. Members of the Board of
14, 2023, concerning the Implementation of Directors are prohibited from becoming
Governance for Commercial Banks. members of the Committee. Independent
Commissioners and Independent Parties
The primary duty of the Risk Monitoring must constitute at least 51% (fifty-one
Committee is to assist the Board of percent) of the total Committee members. All
Commissioners in carrying out its supervisory Committee members must possess integrity
responsibilities over the Bank’s risk management and a good financial reputation.
Tbk
by providing recommendations, including:
Tbk
Syariah
a. Assessing the consistency between 3. The Committee’s Charter must be approved
Syariah
risk management policies and their by the Board of Commissioners and evaluated
implementation; annually.
BTPN
b. Monitoring and evaluating the
BTPN
performance of the Risk Management 4. Committee members are appointed by the
Bank
Committee and the Risk Management Board of Directors based on a resolution from
Bank
Unit; the Board of Commissioners’ meeting.
PTPT
c. Evaluating the effectiveness of the Bank’s
risk management framework.
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annual report 2024 | good corporate governance
5. The Committee Chairperson may only hold or familial relationships with other members
one (1) additional position as a committee of the Board of Commissioners, the Sharia
chair in another committee. Supervisory Board, the Board of Directors,
and/or the Controlling Shareholders, or any
6. Other Commissioners may act as Observers, other relationship that could affect their
allowing them to attend meetings without ability to act independently.
voting rights in Committee decision-making. 2. An Independent Party is an external party
unaffiliated with the Bank, who does not
7. A Committee member is considered have financial, managerial, share ownership,
independent if they do not have any or familial relationships with the Board of
relationship that may affect their ability to Commissioners, the Sharia Supervisory Board,
act independently from the management or the Board of Directors, and/or the Controlling
the Bank, as described in the Independence Shareholders, or any other relationship that
section of these Charters. could affect their ability to act independently.
membership requirements The independence of the Risk Monitoring
of the Risk Monitoring Committee Committee at BTPN Syariah is demonstrated
by the appointment of an Independent
1. Must possess high integrity, adequate skills, Commissioner as the Committee Chair and the
knowledge, and experience relevant to their absence of any Board of Directors members
educational background, and be able to within the Committee.
communicate effectively.
2. At least one (1) Independent Party in the The Risk Monitoring Committee at BTPN Syariah
Committee must have an educational consists of: One (1) Independent Commissioner
background in Finance. serving as the Committee Chair, Two (2)
3. At least one (1) Independent Party in the Independent Commissioners, One (1) member
Committee must have expertise in Risk from the Board of Commissioners, and
Management. Two (2) Independent Parties external to the
4. Former members of the Board of Directors, Bank.
Executive Officers of the Bank, or any
individuals with relationships that may Throughout 2024, the Risk Monitoring
affect their independence, cannot become Committee has performed its duties
Independent Members of the Committee until independently, and no conflicts of interest have
they have undergone a cooling-off period of occurred at BTPN Syariah.
six (6) months. However, this requirement
does not apply to former members of the composition of the Risk Monitoring
Board of Directors who previously oversaw Committee
supervisory functions or Executive Officers
engaged in supervisory roles. Throughout 2024, there were no changes in the
5. Committee members must not have family composition of the Risk Monitoring Committee
relationships by marriage or blood up to at BTPN Syariah. Accordingly, the committee’s
the second degree, either horizontally or composition continues to refer to the Decision
vertically, with members of the Board of of the Board of Commissioners No. 014/CIR/
Commissioners, Sharia Supervisory Board, DEKOM/VII/2023, dated July 18, 2023, regarding
Board of Directors, or the Bank’s major the Approval of the Board of Commissioners
shareholders. concerning the Changes in the Composition
6. Committee members, directly or indirectly, of the Audit Committee, the Nomination
must not have any significant business and Remuneration Committee, and the Risk
relations to the Bank’s operations. Monitoring Committee for the 2023–2026 period
PT Bank BTPN Syariah Tbk
at PT Bank BTPN Syariah Tbk. The composition
independence of the Risk Monitoring of the committee was established based on
Committee Board of Directors Decree No. SK.014/DIR/
CSGC/VII/2023, dated July 18, 2023, regarding
1. An Independent Commissioner is a member the Composition of the Risk Monitoring
of the Board of Commissioners who does not Committee.
have financial, managerial, share ownership,
417
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composition of the risk monitoring committee as of december 31, 2024
no name position date of appointment
1 Dewie Pelitawati Chairperson concurrently serves as a June 13, 2014
(Independent Commissioner) Member
2 Kemal Azis Stamboel Member April 17, 2015
(President Commissioner/Independent)
3 Mulya Effendi Siregar Member July 18, 2023
(Independent Commissioner)
4 Ongki Wanadjati Dana Member October 13, 2022
(Commissioner)
5 Tika Arundina Member February 14, 2019
(Independent Party)
6 Rena Mutia Indriani Member November 1, 2021
(Independent Party)
evaluation of general provisions for the evaluation of membership requirements
Risk Monitoring Committee for the Risk Monitoring Committee
1. The establishment and composition of 1. The Commissioners and Independent
the Risk Monitoring Committee at BTPN Commissioners serving on the Risk Monitoring
Syariah are based on Bank Indonesia Circular Committee have met the requirements
Letter (SEBI) No. 12/13/Dpbs concerning stipulated in Bank Indonesia Circular
the Implementation of Good Corporate Letter (SEBI) No. 12/13/Dpbs regarding
Governance for Sharia Commercial Banks the Implementation of Good Corporate
(BUS) and Sharia Business Units (UUS), in Governance for Sharia Commercial Banks
conjunction with OJK Regulation (POJK) (BUS) and Sharia Business Units (UUS).
No. 65/POJK.03/2016 on Risk Management The committee’s membership also complies
Implementation for BUS and UUS, as well with OJK Regulation (POJK) No. 33/
as POJK No. 17 of 2023 regarding Corporate POJK.04/2014 on the Board of Directors
Governance Implementation for Commercial and Board of Commissioners of Issuers or
Banks. Public Companies and POJK No. 17 of 2023
2. The determination of the Risk Monitoring on Corporate Governance Implementation for
Committee’s composition is based on a Board Commercial Banks.
of Directors’ Decree, ensuring compliance 2. The Commissioners and Independent
with regulations related to Good Corporate Commissioners on the Risk Monitoring
Governance (GCG) implementation. Committee have undergone and successfully
3. The Risk Monitoring Committee at BTPN passed the Fit and Proper Test conducted by
Syariah is chaired by an Independent the Financial Services Authority (OJK).
Commissioner. The total membership consists 3. There are no Board of Directors members
of three Independent Commissioners, one serving as members of the Risk Monitoring
Commissioner, and two Independent Parties, Committee, ensuring compliance with the
aligning with GCG requirements for Sharia applicable Good Corporate Governance
Commercial Banks (BUS), which mandate (GCG) regulations for BUS and UUS.
that the committee must include at least: 4. The Independent Parties on the Risk
Tbk
One Independent Commissioner, One Monitoring Committee have fulfilled the
Tbk
Syariah
Independent Party with expertise in Sharia membership eligibility requirements.
Syariah
banking, and One Independent Party with 5. The members of the Risk Monitoring
expertise in risk management. Committee have educational backgrounds
BTPN
and expertise in the fields of risk
Bank
PTPT BTPN
Bank
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annual report 2024 | good corporate governance
management, compliance, accounting, duties and responsibilities of the Risk
and finance. They possess a thorough Monitoring Committee
understanding of financial statements, the
company’s business (particularly in financial Referring to the latest Charter, duties and
services or operational activities of BTPN responsibilities of the risk monitoring committee
Syariah), auditing processes, legal matters, are as the following:
banking and Sharia banking, capital market
regulations, and other relevant laws and 1. Preparing the Committee’s annual activity
regulations. Thus, their qualifications align plan and submitting it to the Board of
with the applicable requirements. Commissioners for approval.
6. The Risk Monitoring Committee 2. Providing independent professional
members have no affiliation with Board opinions to the Board of Commissioners
of Commissioners members, Board of regarding reports or matters related to risk
Directors members, or the company’s Major management, both on an individual Bank level
Shareholders, ensuring compliance with the and on a consolidated basis with Subsidiaries,
relevant regulations. as submitted by the Board of Directors, and
identifying issues that require the Board of
profile of Risk Monitoring Committee Commissioners’ attention.
members 3. Evaluating the Bank’s risk appetite, risk
tolerance, and limits that require approval
The profiles of the Risk Monitoring Committee from the Board of Commissioners.
members are included in the profiles of the Board 4. Analyzing the effectiveness of the risk
of Commissioners and Independent Parties in management unit and the Risk Management
this 2024 Annual Report. Committee.
5. Evaluating the alignment between individual
duties and responsibilities of the and consolidated risk management policies
chairman of the Risk Monitoring and their implementation.
6. Monitoring and evaluating the execution
Committee
of the duties of the Risk Management
The duties and responsibilities of the Chairman of Committee and the risk management unit
the Risk Monitoring Committee at BTPN Syariah, to provide recommendations to the Board of
as outlined in the latest Charter, include conducting Commissioners.
an annual assessment of the performance of 7. Evaluating the Bank’s risk management
each Committee member and an overall annual policies, both individually and on a
evaluation covering the following aspects: consolidated basis, at least once a year.
8. Conducting a semi-annual evaluation of the
1. Conducting an annual assessment of the accountability of the Board of Directors in
performance of each Committee member. implementing the Risk Management Policy.
2. The annual assessment includes the following 9. Maintaining the confidentiality of all Bank and
aspects: Subsidiary documents, data, and information.
a. Competence, job expertise, or ability to 10. Organizing and authorizing investigations
carry out responsibilities. into matters within the scope of its duties.
b. Independence and objectivity in the 11. Collaborating with external consultants,
decision-making process to provide advice accountants, or other external parties who
and recommendations to the Board of provide advice to the Committee or guidance
Commissioners. regarding investigations, as well as gathering
c. Integrity. information from employees or cooperating
d. Responsibility and reliability. parties at the Committee’s request.
e. Harmony and teamwork. 12. Performing other tasks, in addition to those
PT Bank BTPN Syariah Tbk
f. Ability and consistency in expressing mentioned above, as assigned by the Board
opinions during Committee meetings. of Commissioners in accordance with its
g. Contribution to achieving the Committee’s functions and responsibilities, as needed from
objectives. time to time.
h. Efforts to address weaknesses and
maintain strengths, competencies, and
capabilities to ensure stable performance.
419
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authority of the Risk Monitoring 4. Committee meetings are chaired by the
Committee Chairperson of the Committee.
5. In the event that the Chairperson of the
Referring to the latest Charter of the Risk Committee is unable to attend, one of the
Monitoring Committee, the Committee’s attending Committee members shall be
authority includes: appointed to chair the meeting.
6. Committee members may participate in
1. The Committee has the authority to obtain meetings via teleconference, video conference,
full, unrestricted, and independent access or other similar communication means
to information regarding employees, funds, that allow all participating Committee
assets, and other Bank resources related to members to see, hear, and speak to one
the execution of its duties. another. Participation in this manner shall
2. In exercising its authority, the Committee be considered equivalent to attending the
must collaborate with the Risk Management meeting in person and shall be counted
Unit and/or other relevant units, as well as in determining the meeting quorum. Any
Subsidiaries, to ensure the implementation of decision made in such a meeting must be
risk management on a consolidated basis. documented in writing and signed by the
Chairperson of the meeting and at least
term of office of the Risk Monitoring one other Committee member present, as
Committee designated by the Committee meeting.
7. Any dissenting opinions expressed during
1. The term of office of the members of the Risk the Committee meeting must be clearly
Monitoring Committee shall not exceed the documented in the meeting minutes along
term of office of the Board of Commissioners with the reasons for such dissent.
as stipulated in the Articles of Association 8. The Committee may also make valid decisions
and may be reappointed for the next period. without holding a physical meeting, provided
2. If a member of the Board of Commissioners that all Committee members have been
(Independent Commissioner) who serves notified in writing and all members agree
as the Chairperson of the Committee to the proposed resolution in writing by
resigns before the end of their term as a signing a circular resolution. A decision made
Commissioner of the Bank, the Chairperson in this manner holds the same legal force
of the Committee shall be replaced by an as a decision made in a formally convened
Independent Commissioner. Committee meeting.
3. If the term of office of a Committee
member has ended and, based on applicable minutes of meeting of
regulations, reappointment is not possible, Risk Monitoring Committee
while at the same time the Board of
Commissioners has not yet acquired the The results of the Committee meetings are
right to appoint a new Committee member, documented in the meeting minutes, which
the tenure of the existing Committee are distributed to each Committee member,
members shall be extended until the Board of members of the Board of Commissioners
Commissioners has the authority to appoint who are not part of the Committee, and the
new Committee members. Corporate Secretary. The Committee meeting
minutes are properly maintained in both printed
meeting policy of and electronic formats by the Corporate
Risk Monitoring Committee Secretary.
1. The Committee meeting is held once (1) a report of Risk Monitoring Committee
Tbk
Tbk
month.
Syariah
2. Committee meetings can only be conducted if As of December 31, 2024, the Risk Monitoring
Syariah
attended by at least 51% (fifty-one percent) Committee has held a total of 12 (twelve)
of the total members, including at least meetings, with no circular resolutions.
BTPN
one Independent Commissioner and one
BTPN
Independent Party. The Risk Monitoring Committee meetings and
Bank
3. Committee meeting decisions are made other strategic meetings in 2024 were conducted
Bank
based on deliberation and consensus. In the both virtually and through physical meetings to
PTPT
event that consensus is not reached, decisions comply with the provisions of POJK Number 17
shall be made by majority vote. of 2023 concerning Governance Implementation
for Commercial Banks while adhering to the
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annual report 2024 | good corporate governance
principles of good corporate governance. These Details related to the meeting agenda can be
corporate meetings covered discussions on the found in the table of the number of Committee
entire 2024 work plan of the Risk Monitoring meetings at the Board of Commissioners in this
Committee, including the supervision of 2024 Annual Report.
the follow-up actions taken by the Board of
Directors and Management in response to the integrated governance committee
Committee’s recommendations.
The Integrated Governance Committee is a
The commitment to fulfilling the Risk committee of the Board of Commissioners
Monitoring Committee meetings in 2024 has established by PT Bank SMBC Indonesia Tbk
been successfully met. All members of the Risk (SMBCI), the parent entity of BTPN Syariah,
Monitoring Committee have carried out their following the effective designation of SMBCI as
duties in supervising the implementation of the Main Entity of the Financial Conglomerate,
sound risk management at BTPN Syariah, which as confirmed by OJK letter No. S-46/PB.11/2024
included oversight at the head office and field dated July 29, 2024, with reference to:
monitoring throughout 2024.
1. Financial Services Authority (OJK) Regulation
To complement the supervision tasks, the No. 18/POJK.03/2014 dated November 18,
Risk Monitoring Committee at BTPN Syariah 2014, on the Implementation of Integrated
conducted field visits to meet and engage in Governance for Financial Conglomerates
direct discussions with employees and customers (“Integrated Governance POJK”);
in both funding and financing. These supervisory 2. OJK Regulation No. 30 of 2024 on Financial
visits were carried out through face-to-face visits Conglomerates and Parent Companies of
in 2024, covering areas including Semarang, Financial Conglomerates.
Malang, Surabaya, Cileungsi, and Serang.
In accordance with the mentioned OJK letter,
Throughout 2024, the Risk Monitoring BTPN Syariah, PT Oto Multiartha (OTO), and
Committee at BTPN Syariah actively PT Summit Oto Finance (SOF), as subsidiaries
participated and provided recommendations to of SMBCI, have been officially recognized
the Board of Commissioners, which included: as Member Entities of the SMBC Financial
1. Preparing and approving the 2024 work Conglomerate Group in Indonesia.
plan and program, the Bank’s Risk Appetite
& Tolerance for 2024, and a review of the In 2024, the Board of Directors, Board of
Guidelines and Code of Conduct; Commissioners, and the Sharia Supervisory
2. Overseeing the duties of the Risk Board of BTPN Syariah have followed up on
Management Committee and monitoring OJK directives regarding governance and risk
the risk exposure from the Bank’s business management adjustments, including efforts to
activities; comply with all applicable regulations related to
3. Supervising the Bank’s risk profile, capital Financial Conglomerates. Additionally, they have
adequacy, and the Bank’s health level; submitted the Corporate Charter document, as
4. Supervising the quality of the Bank’s required under the referenced POJK on Financial
financing portfolio; Conglomerates.
5. Providing recommendations for adjustments
related to the issuance of POJK and OJK With the issuance of OJK Regulation No. 30 of
Circular Letters in 2024; 2024 on Financial Conglomerates and Parent
6. Providing recommendations and suggestions Companies of Financial Conglomerates, the
for improvements to enhance risk Board of Directors, Board of Commissioners, and
management. the Sharia Supervisory Board will continue to
follow up on further adjustments by coordinating
PT Bank BTPN Syariah Tbk
In performing its duties, the Risk Monitoring with SMBCI to support SMBCI’s role as the
Committee at BTPN Syariah presented the Parent Company of the SMBC Financial
fulfillment of its commitments as outlined in the Conglomerate Group in Indonesia.
Risk Monitoring Committee Report to the Board
of Commissioners for 2024.
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membership, duties, and responsibilities of the integrated governance committee
In line with the commitment to monitor the implementation of Banking Synergy by BTPN Syariah and
SMBCI, oversight at the Board of Commissioners level is realized through the role of the Integrated
Governance Committee. This committee is composed of members from the Independent Board of
Commissioners and Independent Parties from SMBCI as the Parent Entity, along with representatives
from the Independent Commissioners and Sharia Supervisory Board of BTPN Syariah, as well as
Independent Commissioners from other subsidiaries of SMBCI, namely PT Oto Multiartha (OTO) and
PT Summit Oto Finance (SOF).
the composition of the Integrated Governance Committee as of december 31, 2024, is as follows:
no name position membership
1 Onny Widjanarko SMBCI Independent Commissioner Chairperson concurrently serves
as a Member
2 Ninik Herlani Masli SMBCI Independent Commissioner Member
Ridhwan
3 Dewie Pelitawati BTPN Syariah Independent Member
Commissioner
4 Muhamad Faiz BTPN Syariah Member of the Member
Sharia Supervisory Board
5 Murniaty Santoso OTO Independent Commissioner Member
6 Doddy Susanto SOF Independent Commissioner Member
7 Sofyan Independent Party Member
In accordance with the Guidelines and Code of Conduct, the duties and responsibilities of the
Integrated Governance Committee include evaluating the implementation of Integrated Governance,
providing recommendations to the Board of Commissioners of the Parent Entity for the improvement
of dynamic integrated governance guidelines that align with the developments in regulations from the
Financial Services Authority, and monitoring the implementation of banking synergies.
To support the effectiveness of the duties and responsibilities of the Board of Commissioners of the
Parent Entity, the Committee is also responsible for creating an annual activity plan approved by the
Board of Commissioners. Additionally, the Committee receives periodic reports on the implementation
of the audit, risk, finance, compliance, and governance functions at entities within the SMBC financial
conglomerate.
implementation of the Integrated Governance Committee meetings in 2024
The Integrated Governance Committee was declared effective in accordance with the Financial
Services Authority (OJK) Letter No. S-46/PB.11/2024 dated July 29, 2024, regarding the Appointment of
the Parent Entity and the Establishment of the SMBC Financial Conglomerate.
As of December 31, 2024, the meetings of the Integrated Governance Committee have been held with
the following details:
Syariah Tbk
Tbk
no date of meeting meeting agenda
Syariah
1 August 14, 2024 Explanation regarding Financial Conglomerate;
BTPN
Members of the Integrated Governance Committee;
BTPN
Others.
Bank
2 November 21, 2024 Work Plan of the Integrated Governance Committee for 2025;
Bank
Agenda of the Integrated Governance Committee for 2025.
PTPT
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Implementation of Good and Integrated Corporate Governance within the Financial
Conglomerate
With the effectiveness of the financial conglomerate in which BTPN Syariah acts as a Member Entity,
the Board of Directors has ensured smooth coordination with the Parent Entity and the group of
PT Bank BTPN Syariah Tbk in the field of corporate governance within the scope of the financial
conglomerate. This coordination adopts the concepts of alignment and synergy to strengthen the
oversight of the implementation of Good Corporate Governance (GCG) within the SMBC financial
group, without compromising the independence as a Financial Services Institution and a public
company.
Within the scope of oversight, during 2024, the Board of Commissioners has received regular
information and updates regarding the fulfillment of the Integrated Governance Committee’s duties
concerning the implementation of banking synergies and the licensing of the financial conglomerate
within the SMBC Group.
oversight of the Integrated Governance Committee in the implementation of banking
synergies
Oversight of the implementation of banking synergies is carried out by the Board of Directors at the
operational level and by the Board of Commissioners and the Sharia Supervisory Board at the oversight
level from both financial institutions, SMBCI and BTPN Syariah, through the Integrated Governance
Committee Meetings as part of the oversight duties of the Board of Commissioners and the Sharia
Supervisory Board.
Within the scope of the Financial Conglomerate, the Integrated Governance Committee has fulfilled
the attendance requirements in accordance with meeting regulations and provided input to the
Integrated Governance Committee throughout 2024.
Through the presence of oversight from Independent Commissioners and Sharia Supervisory Board
members, this also fulfills the oversight duties regarding the implementation of Banking Synergies
between the two financial institutions within the financial conglomerate of the SMBC Group in
Indonesia, as mandated by POJK Number 16/POJK.03/2022 concerning Sharia Commercial Banks.
Board of Commissioners Committee meetings
Throughout 2024, the frequency of meetings, circular decision-making, and the attendance of
Committee members at the Board of Commissioners level are as follows:
Nomination
Risk
Audit and
Monitoring
Committee Remuneration
no name % Committee % %
(realization/ committee
(realization/
plan) (realization/
plan)
plan)
1 Kemal Azis Stamboel Non member 12/12 100% 4/4 100%
2 Mulya Effendi Siregar* 13/12 100% 12/12 100% 1/1 100%
PT Bank BTPN Syariah Tbk
3 Dewie Pelitawati Non member 12/12 100% 4/4 100%
4 Ongki Wanadjati Dana Non member 12/12 100% 4/4 100%
5 Tika Arundina 13/12 100% 12/12 100% Non member
6 Rena Mutia 13/12 100% 12/12 100% Non member
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Nomination
Risk
Audit and
Monitoring
Committee Remuneration
no name % Committee % %
(realization/ committee
(realization/
plan) (realization/
plan)
plan)
7 Gatot Prasetyo 12/12 92% Non member Non member
8 Dharma Putera Non member 12/12 100% Non member
9 Ibnu Agung Mulyanto Non member Non member 4/4 100%
Note:
* Mulya Effendi Siregar no longer serves as a member of the Nomination and Remuneration Committee, effective June 12, 2024, in accordance with the
Board of Commissioners’ decision and the determination by the Board of Directors Decree No. SK.003/DIR/CSGC/VI/2024.
schedule and agenda of the audit committee meetings of 2024
date meeting agenda
January 24, 2024 1. Anti Fraud Management Quarterly Update (as of Q4 2023)
2. Business Financing/TUR Highlight (as of Q4 2023)
February 5, 2024 1. KPMG Audit of The Financial Statements for the year Ended December 31, 2023;
2. Approval of the Audited Financial Statements as of December 31, 2023
3. Internal Audit Updates Q4 2023
March 21, 2024 1. Financial Performance Update (as of February 29, 2024);
2. Funding & Business Development Updates (as of February 29, 2024).
April 25, 2024 1. Internal Audit Dashboard Update as of March 31, 2024 2024
2. Financial Performance & KSI Update (as of March 31, 2024), along with a Request
for Committee Approval on the Plan for Publishing the Interim Financial Report (as
of March 31, 2024).
May 21, 2024 1. Internal Audit Updates (as of April 30,2024);
2. Anti Fraud Management Quarterly Update (as of April 30,2024);
3. Daya Quarterly Update (as of April 30,2024).
June 27, 2024 Acceptance of the Visit Report by the Board of Commissioners’ Committee to Semarang
on June 10-12, 2024, as well as to Malang and Surabaya on June 20-21, 2024.
July 15, 2024 Financial Performance & KSI Update (as of June 30, 2024), along with a Request for
Audit Committee Approval on the Plan for Publishing the Interim Financial Report (as of
June 30, 2024)
July 25, 2024 Internal Audit Updates (as of June 3,2024)
August 22, 2024 Anti Fraud Management Quarterly Update (as of June 30,2024)
September 26, 2024 Request for Renewal of IESBA Independence Implementation and Positive List of 2024
October 23, 2024 1. Review of the Financial Statements as of September 30, 2024, and Preparation for
Tbk
the Publication of the Quarterly Financial Report (Q3 2024 Position).
Tbk
2. Review of the Planned External Audit Process (Financial Statements for the Year
Syariah
Ended December 31, 2024).
Syariah
3. Anti Fraud Management Quarterly Update (as of September 30, 2024);
November 21, 2024 1. Internal Audit Updates (as of October 31,2024)
BTPN
2. 2025 Audit Plan
Bank
PTPT BTPN
Bank
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annual report 2024 | good corporate governance
schedule and agenda of the audit committee meetings of 2024
date meeting agenda
December 12, 2024 Approval of the Work Plan and Schedule of Audit Committee Meetings for 2025.
date circular resolution
February 20, 2024 Approval of the Audit Committee regarding the Evaluation Results of the Audit Services
for the Financial Statements for the Financial Year Ended December 31, 2023, of PT Bank
BTPN Syariah Tbk.
February 20, 2024 Audit Committee Recommendation on the Appointment of a Public Accountant (AP)
and/or Public Accounting Firm (KAP) to Review or Audit the Books and Records of PT
Bank BTPN Syariah Tbk for the Financial Year Ended December 31, 2024.
25 July 25, 2024 Compliance Report for the First Half of 2024
schedule and agenda of the nomination and remuneration committee meetings of 2024.
date nomination remuneration
February 16, 2024 Committee Recommendation on the Committee Recommendation on:
Discussion of the Composition of • Determination of 2024 Remuneration
the Nomination and Remuneration for Bank Organs and Supporting Organs
Committee Members. (Independent Parties).
• Discussion on Share Transfer for Material
Risk Takers (MRTs).
August 15, 2024 None Committee Recommendation on the Plan for
the Transfer of Remaining Treasury Shares in
2025
November 28, 2024 Committee Recommendation on Committee Recommendation on the Share
the Plan for Changes in Executive Allocation Plan Related to the Deferred Bonus
Officials from Human Capital Serving Scheme for Material Risk Takers.
as Members of the Nomination and
Remuneration Committee.
December 12, 2024 None Committee Recommendation on the Approval
of the Work Plan and Meeting Schedule of the
Nomination and Remuneration Committee for
2025.
date circular resolution
February 26, 2024 The 2024 Remuneration for Bank Organs and Supporting Organs (Independent Parties).
The arrangement of Nomination and Remuneration Committee meetings to be held once every three (3) months,
in accordance with POJK 17 of 2023, effective in 2024.
date meeting agenda
January 24, 2024 Risk Performance (December 2023)
February 5, 2024 Cyber Security Assessment Update
PT Bank BTPN Syariah Tbk
March 21, 2024 Risk Performance (December 2023)
April 25, 2024 Risk Performance (March 2024)
May 21, 2024 Synergy Update (BTPN Syariah dan SMBCI)
June 27, 2024 Supervisory Visit Report of the Board of Commissioners Committee
(Second Half of 2024).
July 25, 2024 Risk Performance (July 2024)
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date meeting agenda
August 22, 2024 Awareness & Workshop Session : UU Perlindungan Data Pribadi
September 26, 2024 Progress Update: Audit ISO 27001
October 23, 2024 Risk Performance (September 2024)
November 22, 2024 Risk Performance (October 2024)
December 12, 2024 Approval of the 2025 Corporate Agenda.
circular resolution
There were no circular resolutions during 2024.
number of circular resolutions made by the Board of Commissioners’ Committee during 2024
Nomination and Corporate Governance
Audit Committee Risk Monitoring Committee
Remuneration Committee Committee
three (3) There Were No Circular one (1) There Were No Circular
Resolutions Resolutions
performance assessment of the board summarized quantitatively.
of commissioners’ committee
This assessment aims to reflect the execution
Referring to Article 28, paragraph (5) of POJK of the members’ duties and responsibilities in
33/POJK.04/2014 regarding the Board of a measurable and targeted manner, to ensure
Directors and Commissioners of Issuers or better governance effectiveness.
Public Companies, in conjunction with Article
63, paragraph (6) of POJK 17 of 2023 on the Throughout 2024, the Board of Commissioners’
Implementation of Governance for Commercial Committee has prepared periodic reports
Banks, the Board of Commissioners has submitted to the Board of Commissioners.
ensured the evaluation of the performance These reports were evaluated by the Board of
of the committees that assist in carrying out Commissioners and properly managed by the
the duties and responsibilities of the Board of Corporate Secretary.
Commissioners.
In fulfilling its duties and responsibilities, the
Throughout 2024, the Board of Commissioners’ Committee has received accurate, relevant, and
Committee has carried out its supervisory duties timely data and information. In decision-making,
and responsibilities with good faith and the the Board of Commissioners’ Committee has
principle of prudence in accordance with the prioritized decisions based on consensus, all of
Committee’s Work Guidelines and Regulations, which are recorded in the Minutes of Meetings
in line with the fulfillment of good governance and Circular Resolutions.
principles and Sharia principles.
There were no dissenting opinions in all meetings
The performance of the Board of Commissioners’ of the Board of Commissioners’ Committee
Committee in 2024 is measured through the Self- during 2024.
Assessment of Performance based on the Work
Tbk
Guidelines and Regulations of each Committee,
Bank
PTPT BTPN
Bank Syariah
BTPN Tbk
Syariah
426
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annual report 2024 | good corporate governance
performance assessment of the Risk Monitoring Committee members
no assessment factor
1 The Committee has provided recommendations to the Board of Commissioners on the preparation and
periodic updates of the Annual Activity Plan, Charter, and Risk Management Policies;
2 The Committee has provided independent professional opinions to the Board of Commissioners regarding
reports or matters related to risk management, both at the individual Bank level and on a consolidated
basis with the subsidiaries, as presented by the Board of Directors to the Board of Commissioners and the
Committee, and has identified matters that require the Board's attention;
3 The Committee has assisted the Board of Commissioners in evaluating the risk appetite, risk tolerance, and
limits that must be approved by the Board of Commissioners;
4 The Committee has assisted the Board of Commissioners in monitoring and evaluating the performance of
the Risk Management Committee and the Risk Management unit to provide recommendations to the Board
of Commissioners;
5 The Committee has assisted the Board of Commissioners in evaluating the alignment between the individual
Risk Management Policies and the Sharia Risk Management of the Bank with their implementation.
performance assessment of Audit Committee members
no assessment factor
1 1 The Committee has provided recommendations to the Board of Commissioners regarding the preparation
and periodic updating of the Annual Audit Plan, Work Guidelines and Rules (Charter), Internal Audit Charter
2 The Committee has carried out its duties and responsibilities by monitoring and evaluating at least the
following:
a. The implementation of duties by the internal audit unit;
b. The application of policies and procedures for internal control in the Bank’s financial reporting process;
c. The conformity of financial statements with financial accounting standards and regulations of the
Financial Services Authority regarding financial transaction recording;
d. The results of the aforementioned monitoring and evaluation are used to provide recommendations to
the Board of Commissioners; and
e. The implementation of follow-up actions by the Board of Directors on the findings of the Bank’s internal
audit unit, external auditors, the supervision results of the Financial Services Authority, and/or the
oversight of other authorities and institutions.
3 The Committee has assisted the Board of Commissioners in its duty to ensure the effectiveness of the
Bank’s Internal Audit Unit (SKAI) and the effectiveness of the Board of Directors in following up on audit
findings and improvements.
4 The Committee has provided recommendations to the Board of Commissioners regarding the appointment,
compensation, and supervision of the Public Accountant and/or Public Accounting Firm (AP and/or KAP)
appointed by the Company for the following purposes:
a. Conducting an audit report on the Company’s annual financial statements or other tasks that do not
compromise the independence of the Committee, as well as appointing a replacement AP and/or KAP
in case the designated AP and/or KAP is unable to complete its duties. Additionally, the Committee
analyzes the independence and objectivity of the AP and/or KAP and ensures that the audit performed
by the KAP complies with applicable auditing standards.
b. Preparing an Evaluation Report on the Implementation of Audit Services for Annual Historical Financial
Information by the Public Accounting Firm and Public Accountant.
5 The Committee conducts monitoring and evaluation of the planning and implementation of both internal
and external audits, as well as monitoring the follow-up actions on audit findings to assess the adequacy of
internal controls, including the adequacy of the financial reporting process.
PT Bank BTPN Syariah Tbk
6 The Committee analyzes the Bank’s compliance with capital market laws and regulations, as well as other
applicable laws related to the Bank’s activities, including providing advice to the Board of Commissioners
regarding potential conflicts of interest.
7 The Committee has provided recommendations to the Board of Commissioners regarding the appointment
of an external party to review the performance of the Internal Audit Unit (SKAI).
8 The Committee has provided recommendations to the Board of Commissioners regarding the annual
remuneration of the Internal Audit Unit (SKAI) as a whole, as well as performance awards.
427
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performance evaluation of the nomination and Remuneration Committee members
no assessment factor
1 The Committee has provided recommendations to the Board of Commissioners on the preparation and
periodic updates of the following:
a. Nomination and Remuneration Policy;
b. Charter.
2 Regarding the Remuneration Policy
The Committee has ensured that the Bank’s Remuneration Policy takes into account the following:
a. Financial performance and the adequacy of reserves for the establishment of Allowance for Earning
Asset Losses as regulated by applicable laws and regulations;
b. Individual work performance;
c. Fairness in comparison with peer groups within and outside the Bank.
3 Regarding the Remuneration Policy
The Committee has provided recommendations to the Board of Commissioners regarding the Remuneration
Policy, Remuneration Structure, and the amount of remuneration for the Board of Commissioners, Board
of Directors, and the Sharia Supervisory Board to be submitted to the General Meeting of Shareholders.
Additionally, the Committee has conducted a review and provided recommendations to the Board of
Commissioners on the high-level employee remuneration strategy, considering internal and external factors,
to be submitted to the Board of Directors.
4 Regarding the Nomination Policy
The Committee has provided recommendations to the Board of Commissioners regarding the composition
of the Board of Commissioners, the Sharia Supervisory Board, and/or the Board of Directors, as well as the
system and procedures for the selection and/or replacement of members of the Board of Commissioners,
the Sharia Supervisory Board, and the Board of Directors to be submitted to the General Meeting of
Shareholders. Additionally, the Committee has provided recommendations to the Board of Commissioners
regarding independent parties to be appointed as members of the Audit Committee and the Risk Monitoring
Committee.
5 Regarding the Nomination Policy
The Committee has assisted the Board of Commissioners in evaluating the performance of the members
of the Board of Commissioners, the Sharia Supervisory Board, and/or the Board of Directors, as well as
in developing capacity-building programs for the members of the Board of Directors and/or the Board of
Commissioners.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | good corporate governance
Board of Directors’
Organs and Committees
Risk Management Committee
The Board of Directors of BTPN Syariah has established the Risk Management Committee, with its
latest membership structure based on the most recent Board of Directors Decree No. SK.004A/DIR/
CSGC/VII/2024 dated July 18, 2024, regarding the appointment of Risk Management Committee
members.
The establishment of the Risk Management Committee complies with and considers the applicable
requirements and competencies in accordance with Good Corporate Governance (GCG) principles.
Membership in the Risk Management Committee is ex officio and consists of at least the following
members:
committee
ex officio membership
composition
Members with Voting Chairperson Director in charge of Compliance & Risk Management
Rights concurrently
serves as a
member
Secretary Executive Officer in charge of Risk Management
concurrently
serves as a
member
Member Director in charge of Business 2
Member Director in charge of Business 1
Member Director in charge of Finance, Treasury & Operations
Member Executive Officer in charge of Financial Control & Analytic
Member Executive Officer in charge of Human Capital
Member Executive Officer in charge of Operations
Member Executive Officer in charge of Information Technology
Members without Voting Regular Invitee Head of Internal Audit Work Unit
Rights
Regular Invitee Executive Officer in charge of Business Risk
Regular Invitee Executive Officer in charge of Compliance
duties and authorities of the Risk Management Committee
The duties and authorities of the Risk Management Committee, based on the latest Charter:
1. Formulate risk management policies and strategies, including risk limits, along with their updates,
improvements, and/or refinements on both an individual and consolidated basis with subsidiaries;
PT Bank BTPN Syariah Tbk
2. Evaluate the alignment of individual and consolidated risk management policies with their
implementation;
3. Evaluate and provide recommendations on transactions or activities requiring approval from the
Board of Directors;
4. Evaluate and provide recommendations on transactions or activities that deviate from normal
procedures.
429
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Risk Management Committee Recommendations from the Risk Management
report in 2024 Committee were submitted to the relevant
work units, and follow-up actions on these
The Risk Management Committee has ensured recommendations were regularly supervised.
that all meetings held in 2024 were conducted
in accordance with the Risk Management With the effective establishment of the SMBC
Committee’s Guidelines and Rules of Procedure. Group financial conglomeration in Indonesia,
the implementation of risk management at
Throughout 2024, the Risk Management BTPN Syariah has been integrated with the risk
Committee held a total of 11 (eleven) meetings, management framework of PT Bank SMBC
with a combination of in-person and virtual Indonesia Tbk as the Parent Entity. Furthermore,
attendance, and issued 1 (one) circular resolution. the risk management at BTPN Syariah has
been consolidated with the risk management
In carrying out its duties, the Risk Management framework of its subsidiary, PT BTPN Syariah
Committee discussed and provided Ventura.
recommendations to the Board of Directors
regarding the monitoring of all risk exposures The integrated risk management implementation
faced by the Bank. This included monitoring the is carried out through a monitoring process of
Bank’s Key Financial Ratios against the industry, risk exposures as part of alignment reporting.
oversight of Risk Appetite & Risk Tolerance, This includes compliance with integrated risk
evaluation of the Bank’s financing portfolio management reporting obligations and the
performance and quality, operational and other consolidation of the Risk Profile, RBBR (Risk-
risk assessments, monitoring of subsidiary Based Bank Rating), and ICAAP (Internal Capital
companies, and other relevant discussions. Adequacy Assessment Process) in accordance
Additionally, the committee reviewed efforts with OJK (Financial Services Authority)
to enhance performance and improve the regulations.
Bank’s business activities throughout 2024.
Risk Management Committee meetings in 2024
number of meetings attendance percentage /
name position
(actual/planned) planned meetings
Arief Ismail Chairman concurrently 11/11 100%
serves as Member
Dharma Putera Secretary concurrently 11/11 100%
serves as Member
Dewi Nuzulianti Member 11/11 100%
Dwiyono Bayu Winantio Member 10/11 90%
Fachmy Achmad Member 11/11 100%
Andrew Adhitia Member 10/11 90%
Ibnu Agung Mulyanto Member 11/11 100%
Muhammad Affendie Member 11/11 100%
Robertus J. Hadisurya Member 11/11 100%
Note:
Tbk
There was 1 (one) circular resolution.
Bank
PTPT BTPN
Bank Syariah
BTPN Tbk
Syariah
430
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annual report 2024 | good corporate governance
asset and Liabilities Management Committee (ALCO)
The Board of Directors of BTPN Syariah has established the Asset and Liabilities Management
Committee (ALCO), with its latest membership structure formalized under the most recent Board
of Directors Decree No. SK.006C/DIR/CSGC/VIII/2024, dated August 12, 2024, regarding the
Appointment of ALCO Members.
The establishment of ALCO complies with applicable requirements and competencies in accordance
with Good Corporate Governance (GCG) principles.
ALCO membership is ex officio and consists of at least the following members:
Committee
Ex Officio Membership
Composition
Anggota dengan Chairman Secretary concurrently serves as Member
Hak Suara concurrently serves
as Member
Secretary Executive Officer in charge of Treasury & Financial Institution (FI)
concurrently serves appointed by the Director in charge of Finance, Treasury & Operations
as Member
Member President Director
Member Director in charge of Business 1
Member Director in charge of Business 2
Member Executive Officer in charge of Risk Management
Member Executive Officer in charge of Financing Business Planning & Support
Member Executive Officer in charge of Wholesale & Public Sector
Member Executive Officer in charge of Retail Funding & Sale
Member Executive Officer in charge of Business Development
Anggota tanpa Hak Regular Invitee Officer appointed by the Executive Officer in charge of Risk
Suara Management, specifically in charge of Risk Product & Process Control
Regular Invitee Officer appointed by the Executive Officer in charge of Treasury &
FI, either an officer in charge of Treasury & FI; or another officer in
charge of a unit related to ALCO meetings
duties and authorities of the asset and 5. Establish limits, guidelines, and controls for
Liabilities Management Committee managing and mitigating risks that impact
(ALCO) Liquidity Risk and Market Risk.
6. Evaluate and establish the pricing of
Referring to the latest Charter, duties and Financing and Funding Return Rates and
responsibilities of the ALCO are as the following: Funds Transfer Pricing (FTP) or inter-
1. Develop, review, and establish strategies, office account incentives to optimize fund
guidelines, and policies related to Asset deployment, minimize funding costs, and
Liability Management (ALMA). maintain the Bank’s balance sheet structure
2. Regularly monitor the bank’s liquidity position in line with ALMA strategy.
PT Bank BTPN Syariah Tbk
through developments in primary and 7. Evaluate the Bank’s return rate risk position
secondary reserves. and ALMA strategy to ensure that the Bank’s
3. Regularly monitor the progress and strategy risk-taking position aligns with return rate risk
of third-party funds and financing. management objectives.
4. Assess macroeconomic developments and 8. Review the performance and financial
projections at the global, domestic, and position of the Bank’s assets and liabilities
industry levels to guide established policies to assess the impact of previous committee
and strategies. decisions on the Bank’s objectives.
431
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9. Evaluate actual results against the Bank’s concentration; measurement and monitoring of
budget projections or business plan. liquidity risk, market risk, and return rate risk.
10. Provide the Board of Directors with updates This also includes reviewing thresholds/limits of
on regulatory and policy developments existing risk measurement and monitoring tools
affecting ALMA strategies and policies. as part of risk control, setting the gross yield,
managing primary and secondary reserves as
ALCO report in 2024 the Bank’s treasury assets, developing the money
market and fixed-income market, discussing
The ALCO Committee has ensured that all the composition of deposit returns by category,
meetings are conducted under the provisions of introducing new treasury instruments, both
the ALCO. money market and fixed-income instruments,
and providing updates on the latest treasury-
In 2024, ALCO convened regular meetings online related regulations.
on the second week of each month, total 12
(twelve) meetings, and issued 2 (two) circular The ALCO Committee has made various
resolutions. strategic decisions in managing the Bank’s
assets and liabilities to ensure sufficient liquidity,
Throughout 2024, the ALCO Committee has optimize the Bank’s ALMA management, and
discussed and provided recommendations to implement policies to address pressures on
the Board of Directors on various matters, the Rupiah exchange rate and inflation. These
including macroeconomic conditions at the factors have impacted market benchmark
global, domestic, and industry levels; forecasting interest rate movements and market liquidity
and pricing of funding and financing; funding fluctuations during 2024.
asset and Liabilities Committee (ALCO) meetings
percentage of attendance
total meetings
name position (attendance over meeting
(meeting realization/plan)
plan)
Fachmy Achmad Chairman concurrently 12/12 100%
serves as Member
Antonius Priyadi Secretary concurrently 12/12 100%
serves as Member
Hadi Wibowo Member 12/12 100%
Dwiyono Bayu Winantio Member 11/12 92%
Dewi Nuzulianti Member 12/12 100%
Dharma Putera Member 9/12 75%
Mahdayanti Member 12/12 100%
Ita Rachmidjati Member 11/12 92%
Hendrianto Member 9/12 75%
Erikal Mirtha Member 8/12 67%
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | good corporate governance
information technology steering committee
The Board of Directors of BTPN Syariah has established the Information Technology Steering Committee,
with its latest membership structure formalized under Board of Directors Decree No. SK.004F/DIR/CSGC/
VII/2024, dated July 18, 2024, regarding the Appointment of Information Technology Steering Committee
Members.
The establishment of the Information Technology Steering Committee complies with applicable
requirements and competencies in accordance with Good Corporate Governance (GCG) principles.
the membership of the Information Technology Steering Committee is ex officio and consists of
at least the following members:
committee
ex officio membership
composition
Members with Chairman Director in charge of the Information Technology work unit
Voting Rights concurrently serves
as Member
Secretary The Executive Officer in charge of Information Technology appointed by
concurrently serves the Director in charge of Information Technology
as Member
Member Director in charge of Business 1
Member Director in charge of Business 2
Member Director in charge of Finance, Treasury & Operations
Member Director in charge of Compliance & Risk
Members Regular Invitee Executive Officer in charge of Risk Management
without Voting
Rights Regular Invitee Executive Officer in charge of Human Capital
Regular Invitee Executive Officer in charge of Financing Business Planning & Support
Regular Invitee Executive Officer in charge of Business Development
Regular Invitee Executive Officer in charge of Operations Development
Regular Invitee Executive Officer in charge of Transaction Services
Regular Invitee Executive Officer in charge of Financial Control & Analytics
Regular Invitee Executive Officer in charge of Funding & New Business Planning & Support
Regular Invitee Executive Officer in charge of Corporate Information Security
Regular Invitee Executive Officer in charge of Financing Business Risk
duties and authorities of the information 5. Evaluation of the cost effectiveness of
technology steering committee Information Technology towards achieving
planned benefits.
The duties and authorities of the Information 6. Monitoring Information Technology performance
Technology Steering Committee, based on the and efforts to improve it.
PT Bank BTPN Syariah Tbk
latest Charter are as follows: 7. Efforts to resolve various problems related to
1. Technology Information Strategic Plan in line Information Technology that cannot be resolved
with the Bank’s corporate plan. by the work unit of Information Technology users
2. Formulation of key policies, standards, and and administrators effectively, efficiently and on
procedures for Information Technology. time.
3. Conformity between Information Technology 8. Adequacy and allocation of resources related to
development plans and IT strategic plans. Information Technology owned by the Bank.
4. Conformity between the implementation of 9. Provide direction and approval for strategic
Information Technology Development and IT initiatives related to data management (data
Development Plan. governance).
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information technology steering the development of Anti-Money Laundering
committee report in 2024 (AML) systems, Riscomnet, and the
Operational Risk-Based System (ORBAS).
The Information Technology Steering Committee
has ensured that all meetings are conducted 3. Modernization and enhancement of Data
under the Charter of the Information Technology Warehouse platform capabilities and
Steering Committee. analytics platform to efficiently manage and
analyze various types of data, both structured
In 2024, the Information Technology Steering and unstructured, by leveraging advanced
Committee convened four (4) meetings in a Big Data platform technology and Advanced
combination of in-person and online formats, Analytics. Optimization of IT resources is also
with no circular resolutions issued. being carried out by establishing a robust
IT technology platform to support business
In performing their duties, Information platforms, including infrastructure, IT
Technology Steering Committee has discussed operational automation, and development.
and provided recommendation to the Board of
Directors that includes: 4. Enhancement of IT technology components
to strengthen cybersecurity and protect data
1. The Bank continued its Information confidentiality (Customer Data Protection)
Technology strategic plan for the by implementing Information Security
development of mobile applications (Digital Standardization under ISO 27001 standards,
Front End), including Terra, Mobile SiTepat, the principles of Personal Data Protection
Mobile Banking Tepat Mobile, Internet (PDP) Law No. 27 of 2024, and continuing the
Banking, Daya Bestee, and Mitra Tepat, implementation of the latest generation of
to provide easier and more secure Islamic endpoint protection to detect and safeguard
banking services for customers. From a endpoints from cyberattacks.
digital infrastructure perspective, the Bank
has strengthened Core Banking technology 5. The development of the IT system also
and architecture (Prospera Revamp and includes strengthening IT infrastructure
Strengthen T24) to support the enhancement and governance, including Data Center
and modernization of the payment system. (DC) and Disaster Recovery Center (DRC)
Additionally, digital governance alignment has infrastructure, to support the Bank’s business
been ensured by maintaining compliance with growth and digital initiatives while ensuring
applicable regulations. system recovery capability with minimal
disruption to the Bank’s critical systems.
2. Focus on developing operational Through the exploration of public cloud
infrastructure and enhancing development infrastructure and technology, the Bank
capacity to support services, transactions, aims to enhance innovative IT operational
security, and operational automation in the efficiency while maintaining security
Digital Front End and Core Banking System standards.
for Sharia-based products. The modernization
of technology and capabilities in the Risk &
Compliance area is also a key focus, including
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | good corporate governance
information technology steering committee meetings
Total Meetings Percentage of attendance
Name Position
(Meeting realization/plan) (Attendance over Meeting Plan)
Hadi Wibowo Chairman concurrently 4/4 100%
serves as Member
Robertus J. Hadisurya Secretary concurrently 4/4 100%
serves as Member
Fachmy Achmad Member 4/4 100%
Dewi Nuzulianti Member 4/4 100%
Dwiyono Bayu Winantio Member 3/4 75%
Arief Ismail Member 4/4 100%
Human Capital Committee
The Board of Directors of BTPN Syariah has established the Human Capital Committee, and the
current membership is based on the Board of Directors’ Decree No. SK.004E/DIR/CSGC/VII/2024
dated July 18, 2024, regarding the appointment of the Human Capital Committee membership.
The establishment of the Human Capital Committee has met and considered the applicable
requirements and competencies in accordance with the GCG principles.
Human Capital Committee Members, the membership of the Human Capital Committee is ex officio
as follows:
Committee Composition Ex Officio Membership
Members with Chairman concurrently Director in charge of Human Capital
Voting Rights serves as Member
Secretary concurrently Executive Officer in charge of Human Capital appointed by
serves as Member the Director in charge of Human Capital
Member President Director
Member Director in charge of Finance, treasury & Operations
Member Director in charge of Business 1
Member Director in charge of Business 2
Members without Member Director in charge of Risk Management
Voting Rights
duties and authorities of the human capital committee
The duties and authorities of the Human Capital Committee, based on the latest Charter for the
Human Capital Committee, are as follows:
PT Bank BTPN Syariah Tbk
1. Establish strategic policies, strategies and targets in the field of Human Capital.
2. Approve the implementation of the Human Capital remuneration program.
3. Approve proposals that exceed the authority of the Division Head and/or Director in charge of
Human Capital.
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human capital committee report
The Human Capital Committee has ensured that all meetings are conducted under the Charter of the
Information Technology Steering Committee.
In 2024, the Human Capital Committee convened five (5) meetings in a combination of in-person and
online formats and issued three (3) circular resolutions.
The Human Capital Committee has discussed and provided decisions during 2024 which include:
1. Report on the results of the employee performance assessment at the end of 2023, decisions on
2024 grade promotion proposals, the 2024 employee salary review, and the 2023 employee bonuses;
2. Decision on fulfilling the organizational need to fill external talent to support the business strategy
in 2024.
3. Decision on employee fulfillment for positions other than Mobile Marketing Sharia, adjusted with
the prudence principle of labor cost expenditures, as well as approval to pilot the provision of special
allowances in selected financing business areas, as one of the stimuli to improve stay-rate and
employee productivity.
4. Decision to approve the transfer of remaining treasury shares for employees in 2024.
5. Decision on the implementation schedule for the year-end performance assessment, which will
begin in November 2024, and the review of salaries and performance bonuses for employees to be
conducted in January 2025.
6. Approval of the 2024 performance results, approval of the salary review scheme for 2025, and
performance bonus for 2024, as well as approval of the management of Life Insurance and
Permanent Disability claims for employees.
human capital committee meetings
total meetings
(attendance over
name position (meeting realization/
meeting plan)
plan)
Hadi Wibowo Chairman concurrently serves as 5/4 100%
Member
Ibnu Agung Mulyanto Secretary concurrently serves as 5/4 100%
Member
Fachmy Achmad Member 5/4 100%
Dewi Nuzulianti Member 5/4 100%
Dwiyono Bayu Winantio Member 5/4 100%
Business Committee
The Board of Directors at BTPN Syariah has established the Business Committee, and the current
membership is based on the Board of Directors Decree No. SK.007/DIR/CSGC/VIII/2024 dated August
12, 2024, regarding the appointment of the Business Committee Members.
Syariah Tbk
Tbk
The establishment of the Business Committee has met and considered the applicable requirements and
Syariah
competencies in accordance with the GCG principles.
BTPN
the membership of the Business Committee is ex officio as follows:
Bank
PTPT BTPN
Bank
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annual report 2024 | good corporate governance
committee
ex officio membership
composition
Members with Chairman Director in charge of Business 1
Voting Rights concurrently serves
as Member
Secretary Executive Officer in charge of Financing Business Planning & Support
concurrently serves in Financing Business
as Member
Member Director in charge of Finance, Treasury & Operations
Member Director in charge of Business 2
Member Executive Officer in charge of Operations
Member Executive Officer in charge of Human Capital
Member Executive Officer in charge of Information Technology
Members without Regular Invitee Executive Officer in charge of Distribution in Financing Business
Voting Rights
Regular Invitee Executive Officer in charge of Financial Control & Analytics
Regular Invitee Executive Officer in charge of Risk Management
Regular Invitee Executive Officer in charge of Business Development
Regular Invitee Executive Officer in charge of Financing Business Risk
Regular Invitee Executive Officer in charge of Chief of Financing Distribution
duties and authorities of the Business
Committee business committee report
The duties and authority of the Business The Business Committee has ensured that all
Committee based on the latest Charter are as meetings have complied with the provisions of
follows: the Business Committee’s Charter.
1. Regularly monitor the development and
strategy of Third-Party Funds and the In 2024, the Business Committee convened ten
Financing Business TUR (Tunas Usaha Rakyat (10) meetings using a combination of in-person
Financing Business); and virtual attendance out of nine (9) meeting’s
2. Regularly monitor the Business Financial plan, with no circular resolutions issued.
Performance of TUR Financing, Business
Processes, Business Risks, and Human In conducting its duties, the Business Committee
Resources; has discussed and provided recommendations to
3. Review each proposal for new products or the Board of Directors, which include discussions
initiatives within the TUR Business before on financing performance, financing quality,
submission for BOD approval; process quality, human resources, and non-
4. Develop, review, and establish strategies, TUR financing. In line with the Bank’s initiative
guidelines, and policies for the TUR Financing to restore customer discipline, the Business
Business; Committee has closely monitored the financing
5. Assess overall economic developments and portfolio provided and efforts to restore
projections to guide the established policies. customer discipline, such as attendance and
timely payments.
PT Bank BTPN Syariah Tbk
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In managing financing quality, the Business Committee has received regular updates from the Business
Team to ensure progress in improving areas that are a focus of the Bank, which continue to be
enhanced through socialization, guidance, and system development.
In human resource management, the Business Committee has ensured the fulfillment of team capacity
in the field as well as capability development to provide the best service to customers.
Through the implementation of Business Committee meetings throughout 2024, oversight of the
achievement of the financing business plan has been successfully managed, resulting in optimal
performance.
business committee meetings
total meetings
name position (attendance over meeting plan)
(meeting realization/plan)
Dwiyono Bayu Winantio Chairman 10/9 100%
concurrently serves
as Member
Hendrianto Secretary 10/9 100%
concurrently serves
as Member
Fachmy Achmad Member 10/9 100%
Dewi Nuzulianti Member 10/9 100%
Muhammad Affendie Member 10/9 100%
Ibnu Agung Mulyanto Member 9/9 100%
Robertus J. Hadisurya Member 10/9 100%
financing policy committee
The Board of Directors at BTPN Syariah has established the Financing Policy Committee, and the
current membership is based on the Board of Directors’ Decree No. SK.004B/DIR/CSGC/VII/2024
dated July 18, 2024, regarding the establishment of the Financing Policy Committee Membership.
The establishment of the Financing Policy Committee meets and considers the applicable requirements
and competencies in accordance with GCG principles.
The membership of the Financing Policy Committee is ex officio and must consist of at least:
committee composition ex officio membership
Members with Chairman concurrently President Director
Voting Rights serves as Member
Secretary concurrently Executive Officer in charge of Risk Management
serves as Member
Tbk
Member Director in charge of Compliance & Risk Management
Tbk
Syariah
Member Director in charge of Business 2
Syariah
Member Director in charge of Business 1
BTPN
Member Head of Internal Audit Work Unit
Bank
PTPT BTPN
Bank
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annual report 2024 | good corporate governance
duties and authorities of the financing b. The results of monitoring and evaluation
policy committee as outlined in the tasks mentioned above;
2. Provide recommendations for corrective
The duties and authorities of the Financing Policy actions to the Board of Directors, with copies
Committee, based on the latest Charter of the to the Board of Commissioners, regarding
Financing Policy Committee, are as follows: matters related to the report in point (1);
3. If there are irregularities in the
duties of the financing policy committee implementation of the KPB related to
compliance with Sharia principles, the
1. Provide input to the Board of Directors in report shall also be submitted to the Sharia
formulating the Bank’s Financing Policy Supervisory Board.
(“KPB”), particularly about the development
of prudent financing principles; financing policy committee report
2. Supervise the consistent and effective
implementation of the KPB and formulate The Financing Policy Committee has ensured
solutions in case of any obstacles or that all meetings have been conducted under
challenges in its application. Furthermore, the Guidelines and Rules of Procedure of the
the Committee conducts periodic reviews Financing Policy Committee.
of the KPB and provides recommendations
to the Board of Directors if any changes or In 2024, one (1) virtual meeting was convened,
improvements are necessary; with no circular resolutions issued.
3. Monitor and evaluate:
a. Overall development and quality of the In conducting its duties, the Financing Policy
financing portfolio; Committee has discussed and provided
b. Accuracy in the implementation of recommendations to the Board of Directors
financing approval authority; regarding matters that include the Performance
c. Accuracy in the process of granting, Portfolio of Financing for the Ultra-Micro
development, and quality of financing Segment, the Financing Portfolio outside the
provided to parties related to the Bank Ultra-Micro Segment, the implementation of the
and specific large debtors; Risk Management Monitoring Limit Framework,
d. Compliance with the implementation of the Evaluation of Financing Provisions, and its
BMPK/BMPD regulations; recommendations.
e. Compliance with the provisions of
laws and other regulations in the In line with the Bank’s initiative to improve
implementation of providing financing; a sound portfolio, throughout 2024, the
f. Resolution of non-performing financing Financing Policy Committee has provided
under the provisions set in the KPB; recommendations for issuing several provisions
g. The Bank’s efforts to meet the adequacy in support of business needs, performance
of the allowance for financing write-offs; improvement strategies, and provisions aligned
and with government policies and OJK regulations.
h. Implementation of Sharia principles in the Regarding ultra-micro segment financing, the
financing process. Financing Policy Committee has recommended
the implementation of good governance in
responsibilities of the financing policy the process of distributing financing to the
committee ultra-micro segment, in line with the increased
financing portfolio in that segment. Furthermore,
1. Submit periodic written reports to the Board the Financing Policy Committee has ensured the
of Directors, with copies to the Board of evaluation of financing provisions to maintain
Commissioners, regarding: sufficient internal controls in applying the
PT Bank BTPN Syariah Tbk
a. The results of supervision on the principle of prudence.
implementation and execution of the
Bank’s Financing Policy (KPB); and
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the financing policy committee meeting in 2024
total meetings (attendance over meeting
name position
(meeting realization/plan) plan)
Hadi Wibowo Chairman concurrently 1/1 100%
serves as Member
Dharma Putera Secretary concurrently 1/1 100%
serves as Member
Arief Ismail Member 1/1 100%
Dwiyono Bayu Winantio Member 1/1 100%
Dewi Nuzulianti Member 1/1 100%
Gatot Prasetyo Member 1/1 100%
information security management system Committee
The Board of Directors at BTPN Syariah has established the Information Security Management System
Committee, and the current membership is based on the latest Director’s Decree No. SK.004G/DIR/
CSGC/VII/2023 dated July 18, 2024, regarding the appointment of the members of the Information
Security Management System Committee.
The establishment of the Information Security Management System Committee has met and
considered the applicable requirements and competencies in accordance with GCG principles.
The membership of the Committee is ex officio, with at least the following members:
committee composition ex officio membership
Members with Chairman concurrently Compliance Director & Risk or in charge of Corporate Information
Voting Rights serves as Member Security
Secretary concurrently Executive Officer in charge of Corporate Information Security
serves as Member
Member Director in charge of Finance, Treasury & Operations
Member Executive Officer in charge of Information Technology
Member Executive Officer in charge of IT Planning, Strategic and
Governance
Member Executive Officer in charge of Risk Management
Member Executive Officer in charge of Human Capital
Member Head of Internal Audit Work Unit
Member Executive Officer in charge of Corporate Services
Member Executive Officer in charge of Compliance
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | good corporate governance
committee composition ex officio membership
Members without Regular Invitee Officer appointed by Executive Officer in charge of Corporate
Voting Rights Information Security
Regular Invitee Coordinator Officer of BCM Implementation appointed by BCM
Chairman/Director in charge of Finance, Treasury & Operations
Regular Invitee Officer appointed by Executive Officer in charge of Risk
Management and BCM
Regular Invitee Officer appointed by Head of Internal Audit Work Unit
Regular Invitee Officer appointed by Executive Officer in charge of Human
Capital
Regular Invitee Officer of IT Infrastructure, Service & Operations appointed by
Executive Officer in charge of Information Technology
Regular Invitee Officer of IT Security appointed by Executive Officer in charge of
Information Technology
Regular Invitee Officer of IT Risk & Governance appointed by Executive Officer in
charge of Information Technology
Regular Invitee Officer of IT Procurement appointed by Executive Officer in
charge of Information Technology
Regular Invitee Officer of Procurement Executive Officer in charge of Corporate
Services
Regular Invitee Officer of User Parameter Management appointed by Director in
charge of Finance, Treasury & Operations
duties and responsibilities of information security management
information security management system committee report
system committee (ISMS)
The Information Security Management System
The duties and authorities of the Information (ISMS) Committee has ensured that the
Security Management System (ISMS) meetings were conducted under the ISMS
Committee based on the latest Charter are as Guidelines and Rules of Procedure.
follows:
1. Plan the management of the information In 2024, the Information Security Management
security management system and Bank System (ISMS) Committee convened one (1)
policies regarding the use of information, meeting out of the 1 (one) planned meeting, with
komite pengarah including Actions to address no circular resolutions issued.
risks and opportunities, and how to integrate
and implement Actions into the ISMS process. On carrying out its duties, the SMKI Committee
2. Establish information security requirements has discussed and provided recommendations
in the form of policies, standards, and to the Board of Directors, including the
procedures related to implementing an development of a cybersecurity risk management
adequate information security management framework to better protect the Bank’s
system. information assets from cyber threats, the
3. Communicate information security implementation of third-party information
requirements in the form of policies, security assessments set to be effective in 2025,
standards, and procedures related to and continuous technological improvements.
PT Bank BTPN Syariah Tbk
implementing an adequate information
security management system. Regarding infrastructure and application system
4. Implement and ensure that ISMS is security, the Committee has recommended
implemented under established policies, strengthening protections through application
SOPs, and guidelines. security testing, scenario-based security testing
conducted by the cyber incident response team,
and disaster recovery plan testing. Additionally,
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an ongoing compliance review has been management, including adopting ISO 27001:2013
conducted in alignment with regulations and as the best practice standard, conducting
international best practices, along with regular scenario-based security testing simulations by
internal audit assessments of information the cyber incident response team, implementing
security. next-generation endpoint protection to detect
and protect endpoints from cyber threats,
The ISMS Committee has made several strategic continuing cybersecurity awareness programs,
decisions regarding information security and conducting routine internal audits.
management, particularly cybersecurity risk
Information Security Management System Committee meetings
total meeting attendance percentage
name position
(meeting realization/plan) (meeting realization/plan)
Arief Ismail Chairman concurrently 1/1 100%
serves as Member
Her Purwoko Secretary concurrently 1/1 100%
serves as Member
Fachmy Achmad Member 1/1 100%
Robertus J. Hadisurya Member 1/1 100%
Rizal Muska Kamil Member 1/1 100%
Dharma Putera Member 1/1 100%
Ibnu Agung Mulyanto Member 1/1 100%
Gatot Prasetyo Member 1/1 100%
Herjandi Member 1/1 100%
Fauzan Rizani Member 1/1 100%
number of circular resolutions made by the Board Of Directors Committees in 2024
Information information
Risk Financing
Technology Human Capital Business management
ALCO Management Policy
Steering Committee Committee system
Committee Committee
Committee committee
2 (two) No circular 3 (three) No circular No circular No circular No circular
resolution resolution resolution resolution resolution
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | good corporate governance
corporate
secretary
Corporate Secretary Profile
The Corporate Secretary of BTPN Syariah is held by the Compliance Director, who is responsible for
disseminating material information related to BTPN Syariah’s performance.
The Corporate Secretary’s profile can be found on the Board of Directors’ Profile page. The Corporate
Secretary is domiciled in South Tangerang, Indonesia.
corporate secretary structure
Compliance & Risk Director
concurrently serves as Corporate Secretary
Corporate Secretary &
General Counsel Head
Corporate Action &
Stakeholders Management Head
basis of reference
The appointment of the Corporate Secretary at BTPN Syariah complies with Financial Services
Authority Regulation (POJK) No. 35/POJK.04/2014 dated December 8, 2014, concerning Corporate
Secretaries and the Board of Directors’ Decision of the Indonesia Stock Exchange No. Kep-00066/
BEI/09-2022 dated September 30, 2022, regarding the Amendment to Regulation No. I-A on the
Appointment or Replacement of Corporate Secretaries.
BTPN Syariah has reappointed Arief Ismail, the Compliance Director, as the Corporate Secretary. This
reappointment was made based on the Circular Resolution of the Board of Directors No. 005/CIR/
DIR/IV/2023 dated April 12, 2023, regarding the Reappointment of the Corporate Secretary of PT Bank
BTPN Syariah Tbk and was formalized through the Board of Directors’ Decree No. SK 009/DIR/CSGC/
IV/2023 dated April 12, 2023, concerning the Appointment of the Corporate Secretary. Following this
reappointment, the Bank has fulfilled its disclosure obligations through the Indonesia Stock Exchange
and Capital Market websites, as well as the BTPN Syariah website.
The Corporate Secretary’s term at BTPN Syariah is effective from the signing of the Circular Resolution
of the Board of Directors No. 005/CIR/DIR/IV/2023 on April 12, 2023, until the conclusion of the Annual
PT Bank BTPN Syariah Tbk
General Meeting of Shareholders to be held in 2026 (in accordance with the term of office of the
Board of Directors appointed based on the Resolution Statement of the Annual General Meeting of
Shareholders dated April 12, 2023).
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Brief Information of the Corporate Secretary at educational history
BTPN Syariah:
Bachelor of Industrial Englineering, Institut
Name : Arief Ismail Teknologi Bandung (1990)
Residence : South Tangerang
Office Address : Menara SMBC 12 Floor corporate secretary’s
CBD Mega Kuningan Jl. DR. Ide duties and responsibilities
Anak Agung Gde Agung
Kav. 5.5 – 5.6, Based on the Circular Resolution of the Board
South Jakarta 12950 of Directors No. 005/CIR/DIR/IV/2023 dated
Telephone : +6221 300 26 400 April 12, 2023, regarding the Reappointment
Facsimile : +6221 255 67 190 of the Corporate Secretary of PT Bank BTPN
Email : corsec@btpnsyariah.com Syariah Tbk, the duties and responsibilities of the
Corporate Secretary are as follows:
corporate secretary’s career history 1. Monitoring developments in the Capital
Market, particularly the prevailing laws and
1. Compliance Director at PT Bank BTPN regulations in the Capital Market sector.
Syariah (2017 - present) 2. Providing advice to the Board of Directors
2. HSBC Indonesia and Board of Commissioners of the Issuer or
a. SVP Country Head Retail Banking & Public Company to ensure compliance with
Wealth Management (RBWM) Risk – Capital Market laws and regulations.
(previously named Head of Consumer 3. Assisting the Board of Directors and Board
Credit Risk) (2011-2017) of Commissioners in implementing good
b. SVP Portfolio Management Consumer corporate governance, which includes:
Credit Risk (2011) a. Ensuring public disclosure of information,
3. Head of Consumer Risk Division at PT Bank including the availability of information on
Negara Indonesia Tbk (2010) the Issuer’s or Public Company’s website.
4. Head of Retail Credit Risk di ANZ Panin Bank b. Timely submission of reports to the
(2010) Financial Services Authority (OJK).
5. Country Head of Risk and Head of Consumer c. Organizing and documenting General
Risk di ABN AMRO Bank/ Royal Bank of Meetings of Shareholders.
Scotland (RBS) (2008-2010) d. Organizing and documenting meetings of
6. Head of Consumer Risk di ABN AMRO Bank/ the Board of Directors and/or Board of
Royal Bank of Scotland (RBS) (2005-2008) Commissioners.
7. PT Bank Danamon Indonesia Tbk e. Conducting orientation programs for new
a. Unsecured Risk Management Head (2004- members of the Board of Directors and/
2005) or Board of Commissioners regarding the
b. Card Centre’s Credit Cycle Manager company.
(2001-2004) 4. As a liaison between the Issuer or Public
8. Marketing Director di PT Rahajasa Media Company and its Shareholders, the Financial
Internet (1999-2001) Services Authority (OJK), and other
9. Director of New Business di GE Capital, Stakeholders.
Global Consumer (1998-1999)
10. Director of Risk di GE Capital, Global Throughout 2024, the Corporate Secretary
Consumer (1995-1997) at BTPN Syariah has fulfilled their duties and
11. Citibank responsibilities in accordance with the applicable
a. Direct Sales Manager, Global Consumer regulations.
(1995)
Tbk
b. Credit Policy Manager, Global Consumer affiliated relations
Tbk
Syariah
(1991-1994)
Syariah
c. Management Associate Program as Credit Has no affiliated relationship with the Board
Analyst, Global Consumer (1990-1991) of Directors, Board of Commissioners, Sharia
BTPN
12. Entry level trainee at PT USI Jaya – IBM Supervisory Board, or Controlling Shareholders
BTPN
Indonesia (1991)
Bank
Implementation of Duties and Responsibilities
Bank
of the Corporate Secretary at BTPN Syariah in
PTPT
2024
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annual report 2024 | good corporate governance
1. Ensuring BTPN Syariah’s commitment to SEOJK No. 10/SEOJK.03/2014 on the
implementing Good Corporate Governance Assessment of the Soundness Level of
(GCG) as a public company and as an Islamic Islamic Commercial Banks, the Corporate
commercial bank, including: Secretary has ensured that BTPN Syariah
has established risk management and
a. In order to comply with POJK Number 17 internal control standards in accordance
of 2023 concerning the Implementation with the Three Lines of Defense principles.
of Governance Practices for Commercial
Banks in conjunction with POJK Number d. In compliance with POJK No. 8/
2 of 2024 concerning the Implementation POJK.04/2015 on the Website of Issuers
of Governance Practices for Sharia or Public Companies, the Corporate
Commercial Banks and Sharia Business Secretary has ensured BTPN Syariah’s
Units, in conjunction with POJK Number commitment to transparency and
21/POJK.04/2015 concerning the information disclosure in accordance with
Implementation of Good Corporate applicable regulations.
Governance Guidelines for Public
Companies, BTPN Syariah has adhered to e. In compliance with POJK No. 29/
the Governance Guidelines that cover 5 POJK.04/2016 on the Annual Report
(five) aspects, 8 (eight) principles of good of Issuers or Public Companies, the
corporate governance, and 25 (twenty- Corporate Secretary has ensured that
five) recommendations for implementing BTPN Syariah has submitted the Annual
aspects and principles of good corporate Report for the financial year ending on
governance. December 31, 2023, and that it has been
approved by the shareholders at the
b. In order to comply with POJK Number 17 General Meeting of Shareholders on March
of 2023 concerning the Implementation 20, 2024.
of Governance Practices for Commercial
Banks and POJK Number 2 of 2024 f. In compliance with POJK No. 30/
concerning the Implementation of POJK.04/2017 on the Share Buyback by
Governance Practices for Sharia Public Companies (which has now been
Commercial Banks and Sharia Business revoked by POJK No. 29 of 2023 on the
Units, the Corporate Secretary has Share Buyback by Public Companies)
ensured BTPN Syariah’s compliance with in conjunction with POJK No. 59/
the following obligations: POJK.03/2017 on the Implementation of
1) Amendments to the Articles of Governance in Providing Remuneration
Association for Islamic Commercial Banks and Islamic
2) Changes to the composition of the Business Units, the Corporate Secretary
Board of Commissioners and Board of has ensured that the transfer of a portion
Directors Committees in 2024 of treasury shares resulting from the share
3) Periodic updates to the Main Policies buyback in 2024, as part of the provision
and other supporting policies of variable remuneration to Material
4) Periodic updates to the Charter for Risk Takers based on BTPN Syariah’s
the Bank’s Organs and Supporting performance, has been carried out in
Organs, including the Charter for the accordance with applicable regulations.
Board of Commissioners, Board of
Directors, Sharia Supervisory Board, as g. In compliance with POJK No. 38/
well as the Committees of the Board POJK.03/2019 concerning POJK No. 31/
of Commissioners and the Board of POJK.03/2018 on Amendments to POJK
Directors. No. 32/POJK.03/2018 regarding the
PT Bank BTPN Syariah Tbk
Legal Lending Limit and Large Exposure
c. In compliance with POJK No. 8/ for Commercial Banks, the Corporate
POJK.03/2014 on the Assessment of the Secretary has ensured that BTPN
Soundness Level of Islamic Commercial Syariah upholds the prudential principle
Banks and Islamic Business Units, and submits reports related to Related
POJK No. 65/POJK.03/2016 on the Parties on a regular basis, as well as on
Implementation of Risk Management for an incidental basis in the event of data
Islamic Commercial Banks and Islamic updates in the report.
Business Units, and taking into account
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h. In compliance with POJK No. 15/ m. In compliance with POJK No. 5 of
POJK.04/2020 concerning the Planning 2024 concerning the Determination of
and Implementation of General Meetings Supervisory Status and Handling of
of Shareholders of Public Companies, Banking Issues, the Corporate Secretary
the Corporate Secretary has ensured has ensured that BTPN Syariah has
that BTPN Syariah conducted the Annual prepared and submitted its first Recovery
General Meeting of Shareholders in 2024. Plan to the Financial Services Authority
(OJK) in November 2024.
i. In compliance with POJK No. 16/
POJK.04/2020 concerning the Electronic The Recovery Plan will be presented to
Implementation of General Meetings shareholders for approval at the Annual
of Shareholders of Public Companies, General Meeting of Shareholders to be
the Corporate Secretary has ensured held in 2025.
that BTPN Syariah conducted the 2024
Annual General Meeting of Shareholders n. In compliance with Indonesia Deposit
electronically (e-GMS) and provided Insurance Corporation (Lembaga
alternatives for electronic proxy granting Penjamin Simpanan) Regulation No. 2
(e-Proxy) and electronic voting (e-Voting). of 2024 concerning the Resolution Plan
for Commercial Banks, the Corporate
j. In compliance with SEOJK No. 16/ Secretary has ensured that BTPN Syariah
SEOJK.04/2021 concerning the Format has prepared and submitted its first
and Content of Annual Reports for Resolution Plan to the Indonesia Deposit
Issuers or Public Companies, the Insurance Corporation in November 2024.
Corporate Secretary has ensured that
BTPN Syariah’s 2023 Annual Report and o. In compliance with POJK No. 15 of 2024
Sustainability Report have adopted the concerning the Integrity of Bank Financial
relevant provisions. Reporting, the Corporate Secretary has
ensured that BTPN Syariah has updated
k. In compliance with POJK No. 29 of 2023 its Governance Policy and the duties
concerning the Buyback of Shares Issued and responsibilities of the Board of
by Public Companies, the Corporate Commissioners, Board of Directors, and
Secretary has ensured that BTPN Syariah Audit Committee in 2024.
has submitted reports on the progress of
the share buyback transfer for the first 2. Ensuring the fulfillment of BTPN Syariah’s
and second semesters of 2024 to the commitments regarding Information
Regulator. Disclosure for 2024, including:
l. In compliance with POJK No. 9 of 2023 a. In compliance with POJK Number 31/
concerning the Use of Public Accountants POJK.04/2015 concerning the Disclosure
and Public Accounting Firms in Financial of Material Information or Facts by
Services, the Corporate Secretary has Issuers or Public Companies, along with
ensured that BTPN Syariah adheres to POJK Number 45 of 2024 concerning the
the restrictions on using the same public Development and Strengthening of Issuers
accountant for auditing annual historical and Public Companies, the Corporate
financial information. Additionally, the Secretary has ensured that BTPN Syariah
Corporate Secretary has ensured that the performs transparency in presenting the
appointment of the Public Accountant 2024 Annual Report, Interim Financial
and Public Accounting Firm responsible for Report, Annual Financial Report,
Tbk
auditing the Bank’s financial statements Consolidated Financial Report, and other
Tbk
Syariah
for the financial year ending December 31, incidental reports through a reporting
Syariah
2024, complies with applicable regulations. system to the Regulator and announces
them to the public via BTPN Syariah’s
BTPN
website within the prescribed time limit;
Bank
PTPT BTPN
Bank
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annual report 2024 | good corporate governance
b. In compliance with POJK Number 7/ 3. Ensuring the fulfillment of BTPN Syariah’s
POJK.04/2018 concerning the Submission commitments in implementing Good
of Reports through the electronic Corporate Governance (GCG) in the context
reporting system for issuers or public of Banking Synergy for 2024, including:
companies, the Corporate Secretary
has ensured that BTPN Syariah submits In compliance with POJK Number 16/
periodic reports to the OJK (Financial POJK.03/2022 concerning Islamic Commercial
Services Authority) via the Electronic Banks, which regulates Banking Synergy,
Reporting System (SPE); the Corporate Secretary has ensured that
BTPN Syariah, in cooperation with SMBCI, its
c. In compliance with the Decision Letter of affiliated entity, has implemented banking
the Board of Directors of the Indonesia synergy:
Stock Exchange (IDX) Number KEP-
00066/BEI/09-2022 on Amendments to a. As outlined in 10 (ten) cooperation
Regulation Number I-E on Information agreements as of December 31, 2024.
Disclosure Requirements, the Corporate These agreements aim to support
Secretary has ensured that BTPN Syariah the activities of BTPN Syariah and
submits monthly reports on Securities provide added value to both Islamic and
Holders or changes in Shareholder conventional banks;
Structure through a reporting system
to the regulator on a regular basis, and b. In compliance with a Cooperation
the information is posted on the Bank’s Agreement covering 11 areas. The presence
website throughout 2024; of BTPN Syariah’s subsidiary, BTPN
Syariah Ventura, aims to adapt to the
d. In compliance with the Decision Letter of changing needs of customers, ensure
the Board of Directors of the Indonesia the improvement of welfare for inclusive
Stock Exchange Number KEP-00066/ customers, and create opportunities to
BEI/09-2022 regarding Amendments to serve more customers sustainably by
Regulation Number I-E on Information utilizing technology for the benefit of
Disclosure Requirements, Section III 1.3.1, building the aspiration: Sharia Digital
the Corporate Secretary has ensured that Ecosystem for the Unbanked.
BTPN Syariah conducts a Public Expose on
August 27, 2024, submits the Public Expose Details regarding the subsidiary can be
Report to the Financial Services Authority found in the subsidiary section of this 2024
and the IDX on August 30, 2024, and Annual Report.
ensures transparency for this purpose;
4. Realizing the commitment to GCG
e. In compliance with the Decision Letter of implementation for SMBC Financial
the Board of Directors of the Indonesia Conglomerate Establishment in Indonesia for
Stock Exchange Number KEP-00101/ 2024, including:
BEI/12-2021 regarding Amendments to
Regulation Number I-A on the Listing In compliance with POJK Number 18/
of Shares and Equity Securities other POJK.03/2014 along with SEOJK Number 15/
than Shares Issued by Listed Companies, SEOJK.03/2015 on Integrated Governance for
in connection with the Free Float Financial Conglomerates and POJK Number
requirement for remaining listed on 17/POJK.03/2015 along with SEOJK Number
the Main Board of the Exchange, the 14/SEOJK.03/2015 on Integrated Risk
Corporate Secretary has ensured that the Management for Financial Conglomerates,
public shareholding in BTPN Syariah meets the Corporate Secretary has ensured that
PT Bank BTPN Syariah Tbk
the required criteria. As of December 31, BTPN Syariah, as a Member Entity of the
2024, public share ownership reached SMBC Financial Conglomerate:
29.997%. a. Reviews and signs the Corporate Charter,
Integrated Governance Committee Policy,
and the Guidelines and Rules of Procedure
for the Integrated Governance Committee;
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b. Updates the duties and responsibilities 6. Ensuring the fulfillment of BTPN Syariah’s
of the Board of Commissioners, Sharia commitment regarding its Subsidiaries:
Supervisory Board, and Directors related
to financial conglomerate matters in 2024; a. In compliance with initial capital
c. Appoints an Independent Commissioner investments and additional capital in
and a member of the Sharia Supervisory Subsidiaries, the Corporate Secretary has
Board as members of the Integrated ensured that BTPN Syariah adheres to the
Governance Committee; following regulations:
d. Prepares and submits the self-assessment 1) In compliance with POJK Number 38/
of Integrated Governance to the Parent POJK.03/2019 regarding Amendments
Entity for 2024. to POJK Number 32/POJK.03/2018
on the Maximum Limit of Credit
5. Ensuring the fulfillment of BTPN Syariah’s Provision and Large Fund Allocation for
commitment to implementing GCG in the Commercial Banks;
context of Sustainability Actions for 2024, 2) In compliance with POJK Number 22 of
including: 2022 concerning Capital Participation
Activities by Commercial Banks;
In compliance with POJK Number 51/ 3) In compliance with POJK Number 35/
POJK.03/2017 concerning the Application of POJK.05/2015 on the Implementation
Sustainable Finance for Financial Services of Venture Capital Business Activities
Institutions, Issuers, and Public Companies, related to the Subsidiary’s business
the Corporate Secretary has ensured that activities;
BTPN Syariah:
b. In compliance with POJK Number
a. Has a Sustainable Finance Action Plan for 65/POJK.03/2016 concerning Risk
the 2025-2029 period (2025 indicators); Management for Islamic Commercial
b. Publishes the Sustainability Report for Banks and Sharia Business Units, the
the 2023 financial year, issued in 2024, by Corporate Secretary has ensured that
presenting the report on time; BTPN Syariah implements consolidated
c. The 2023 Sustainability Report has been Risk Management with its Subsidiaries,
available on the Bank’s website since the including submitting the consolidated Risk
date of the Annual General Meeting of Profile Report to the OJK for 2024;
Shareholders on February 27, 2024; and
d. Implements transparent communication c. In compliance with POJK Number 8/
with stakeholders, including Shareholders POJK.03/2014 and SEOJK Number 10/
and Investors, regarding the Sustainable SEOJK.03/2014 on the Health Assessment
Finance Action Plan as outlined in POJK of Islamic Commercial Banks and Sharia
Number 51/POJK.03/2017 at the Annual Business Units, BTPN Syariah has
General Meeting of Shareholders on March carried out a Self-Assessment of GCG
20, 2024. in consolidation with its Subsidiaries to
complete the GCG Self-Assessment with
the Parent Entity.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
448
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annual report 2024 | good corporate governance
training and certification programs attended by the corporate secretary of BTPN Syariah in the 2024
no training/workshop organizer date
1 Townhall Grup SMBC PT Bank SMBC Indonesia Tbk January 18, 2024
2 Generation Gap Dr Muhammad Faisal January 23, 2024
3 Personal Data Protection Training PT Pricewaterhousecoopers June 28, 2024
Consulting Indonesia
4 Townhall Grup SMBC PT Bank SMBC Indonesia Tbk July 6, 2024
5 Understanding Interrelation: Banking, Venture PT Bank SMBC Indonesia Tbk July 10, 2024
Capital and Startups
6 Ensuring Compliance of Financial Service Forum Komunikasi Direktur July 15, 2024
Providers in Supporting an Inclusive Economy Kepatuhan Perbankan
Through Supervision, Financial Education, and
Consumer Protection Amid the Complexity of
Financial Products
7 Journey to Sustainability With PT Pertamina Indonesia Corporate Secretary July 31, 2024
(Persero) Association
8 Plenary Session Bank Indonesia & Journal of Islamic August 2, 2024
The 10th International Islamic Monetary Monetary Economics and Finance
Economics and Finance and Call for Paper (JIMF)
(10-IIMEFC) - Promoting Inclusive and
Sustainable Growth with Sharia Economy Amid
the Age of Digitalization and Global Uncertainty
9 Risk Management Certification Level 7 Bankers Association for Risk September 4-5,
Alignment Management (BARA) 2024
10 Equivalence of Risk Management Certification LSPKS September 27, 2024
Level 7
11 Risk Awareness Pasar Trainer September 30, 2024
12 Introduction to IFRS 1 & 2: Practical Guide for Indonesia Corporate Secretary November 4, 2024
Companies in Indonesia Association
press release of BTPN Syariah in 2024
No date description
1 February 7, 2024 Stable Performance in 2023, BTPN Syariah Remains Committed to Supporting the
Inclusive Community
2 March 21, 2024 BTPN Syariah Annual General Meeting of Shareholders (AGMS) Distributes
Dividends
3 April 26, 2024 Stable Performance, Intensive Support for Inclusive Customers
4 July 26, 2024 Selective Financing Distribution Supports BTPN Syariah’s Performance in the First
Half of 2024
5 October 25, 2024 BTPN Syariah’s Q3 Performance Aligns with Projections: Consistently Improving
Quality, Fully Serving Customers
PT Bank BTPN Syariah Tbk
449
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information disclosure report to OJK DPBS, OJK capital market, Indonesia Stock Exchange, other institutions, and
the website of PT Bank BTPN Syariah Tbk (as of december 31, 2024)
no letter number date website subject information
1 S.008/DIR/CSGC/I/2024 January 10, OJK DPBS Monthly Report on Other institutions,
2024 Securities Holder including
OJK Capital Registration (As of PT Kustodian
Market Net December 31, 2023) Sentra Efek
Indonesia and PT
BEI Net Datindo Entrycom
Other
Institution
BTPN Syariah
Website
2 S.009/DIR/CSGC/I/2024 January 10, OJK DPBS Plan for the Other institutions,
2024 Partial Transfer of including PT
OJK Capital Treasury Shares Kustodian Sentra
Market Net as Part of Variable Efek Indonesia,
Remuneration PT Datindo
BEI Net for the Board of Entrycom
Directors Based on
Other
the Performance
Institution
of PT Bank BTPN
BTPN Syariah Syariah Tbk to
Website Comply with Financial
Services Authority
Regulation Number
59/POJK.03/2017 on
the Implementation
of Governance in
the Provision of
Remuneration for
Sharia Commercial
Banks & Sharia
Business Units
3 S.034/DIR/CSGC/I/2024 January 25, OJK DPBS Public Disclosure Other institutions,
2024 of Information - including PT
OJK Capital Implementation of Kustodian Sentra
Market Net the Partial Transfer Efek Indonesia, PT
of Treasury Shares in Datindo Entrycom
BEI Net 2024
Other
Institution
BTPN Syariah
Website
4 S.035/DIR/CSGC/I/2024 January 25, OJK DPBS Report on Ownership Other institutions,
2024 or Changes in Share including PT
OJK Capital Ownership of the Kustodian Sentra
Market Net Board of Directors Efek Indonesia
Member of PT Bank
BEI Net BTPN Syariah Tbk on
Behalf of Mr. Hadi
Other
Wibowo
Institution
Tbk
Tbk
BTPN Syariah
Syariah
Website
Bank
PTPT BTPN
Bank Syariah
BTPN
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annual report 2024 | good corporate governance
information disclosure report to OJK DPBS, OJK capital market, Indonesia Stock Exchange, other institutions, and
the website of PT Bank BTPN Syariah Tbk (as of december 31, 2024)
no letter number date website subject information
5 S.036/DIR/CSGC/I/2024 January 25, OJK DPBS Report on Share Other institutions,
2024 Ownership or including PT
OJK Capital Changes in Share Kustodian Sentra
Market Net Ownership of PT Bank Efek Indonesia
BTPN Syariah Tbk
BEI Net Board of Directors
Member on Behalf of
Other
Mr. Arief Ismail
Institution
BTPN Syariah
Website
6 S.037/DIR/CSGC/I/2024 January 25, OJK DPBS Report on Share Other institutions,
2024 Ownership or including PT
OJK Capital Changes in Share Kustodian Sentra
Market Net Ownership of PT Bank Efek Indonesia
BTPN Syariah Tbk
BEI Net Board of Directors
Member on Behalf
Other
of Mr. Dwiyono Bayu
Institution
Winantio
BTPN Syariah
Website
7 S.038/DIR/CSGC/I/2024 January 25, OJK DPBS Report on Share Other institutions,
2024 Ownership or including PT
OJK Capital Changes in Share Kustodian Sentra
Market Net Ownership of PT Bank Efek Indonesia
BTPN Syariah Tbk
BEI Net Board of Directors
Member on Behalf of
Other
Mr. Fachmy Achmad
Institution
BTPN Syariah
Website
8 S.051/DIR/CSGC/I/2024 January 31, OJK DPBS Plan for the Other institutions,
2024 Implementation including PT
OJK Capital and Announcement Kustodian Sentra
Market Net of the Agenda Efek Indonesia, PT
for the Annual Datindo Entrycom
BEI Net General Meeting
of Shareholders
Other
of PT Bank BTPN
Institution
Syariah Tbk for the
BTPN Syariah Financial Year Ending
Website December 31, 2023
9 S.056/DIR/CSGC/II/2024 February 6, OJK DPBS Monthly Report on Other institutions,
2024 Securities Holder including PT
OJK Capital Registration (Position Kustodian Sentra
Market Net as of January 31, Efek Indonesia, PT
2024) Datindo Entrycom
BEI Net
PT Bank BTPN Syariah Tbk
Other
Institution
BTPN Syariah
Website
451
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information disclosure report to OJK DPBS, OJK capital market, Indonesia Stock Exchange, other institutions, and
the website of PT Bank BTPN Syariah Tbk (as of december 31, 2024)
no letter number date website subject information
10 S.058/DIR/CSGC/II/2024 February 7, OJK DPBS Submission of
2024 the Consolidated
OJK Capital - Financial Report
Market Net Publication of PT
Bank BTPN Syariah
BEI Net - Tbk Position as of
December 31, 2023
Other - (Audited)
Institution
BTPN Syariah -
Website
11 S.059/DIR/CSGC/II/2024 February 7, OJK DPBS - Submission of Other institutions,
2024 the Consolidated including PT
OJK Capital Financial Report Kustodian Sentra
Market Net Publication and Efek Indonesia, PT
Proof of Publication Datindo Entrycom
BEI Net of the Consolidated
Financial Report of PT
Other
Bank BTPN Syariah
Institution
Tbk Position as of
BTPN Syariah - December 31, 2023
Website (Audited)
12 S.064/DIR/CSGC/II/2024 February 7, OJK DPBS Public Disclosure of Other institutions,
2024 Information – Press including PT
OJK Capital Release – Stable Kustodian Sentra
Market Net Performance in Efek Indonesia
2023, BTPN Syariah
BEI Net Remains Committed
to Supporting the
Other
Inclusive Community
Institution
BTPN Syariah
Website
13 S.065/DIR/CSGC/II/2024 February 12, OJK DPBS Announcement of Other institutions,
2024 the Planned Annual including PT
OJK Capital General Meeting of Kustodian Sentra
Market Net Shareholders of PT Efek Indonesia, PT
Bank BTPN Syariah Datindo Entrycom
BEI Net Tbk for 2024
Other
Institution
BTPN Syariah
Website
14 S.084/DIR/CSGC/II/2024 February 27, OJK DPBS - Notice of the Annual Other institutions,
2024 General Meeting of including PT
OJK Capital Shareholders of PT Kustodian Sentra
Market Net Bank BTPN Syariah Efek Indonesia, PT
Tbk Datindo Entrycom
BEI Net
Tbk
Tbk
Other
Syariah
Institution
Syariah
BTPN Syariah
BTPN
Website
Bank
PTPT BTPN
Bank
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annual report 2024 | good corporate governance
information disclosure report to OJK DPBS, OJK capital market, Indonesia Stock Exchange, other institutions, and
the website of PT Bank BTPN Syariah Tbk (as of december 31, 2024)
no letter number date website subject information
15 S.085/DIR/CSGC/II/2024 February 27, OJK DPBS Submission of the Other institutions,
2024 Annual Report and including PT
OJK Capital Sustainability Report Kustodian Sentra
Market Net for the Financial Efek Indonesia, PT
Year 2023 of PT Bank Datindo Entrycom
BEI Net BTPN Syariah Tbk
Other
Institution
BTPN Syariah
Website
16 S.091/DIR/CSGC/III/2024 March 6, 2024 OJK DPBS Monthly Report on Other institutions,
Securities Holders including PT
OJK Capital Registration (As of Kustodian Sentra
Market Net February 29, 2024) Efek Indonesia, PT
Datindo Entrycom
BEI Net
Other
Institution
BTPN Syariah
Website
17 S.131/DIR/CSGC/III/2024 March 21, OJK DPBS Public Information Other institutions,
2024 Disclosure - Press including PT
OJK Capital Release - BTPN Kustodian Sentra
Market Net Syariah Annual Efek Indonesia
General Meeting
BEI Net of Shareholders
(RUPST) Distributes
Other
Dividends
Institution
BTPN Syariah
Website
18 S.133/DIR/CSGC/III/2024 March 22, OJK DPBS Summary of the Other institutions,
2024 Minutes of the Annual including PT
OJK Capital General Meeting Kustodian Sentra
Market Net of Shareholders for Efek Indonesia, PT
the 2023 Financial Datindo Entrycom
BEI Net Year, as well as
the Schedule and
Other
Procedures for the
Institution
Distribution of Cash
BTPN Syariah Dividends of PT Bank
Website BTPN Syariah Tbk
19 S.153/DIR/CSGC/IV/2024 April 4, 2024 OJK DPBS Report on the
Appointment of a
OJK Capital - Public Accountant
Market Net and/or Public
Accounting Firm
BEI Net - for the Audit of the
Annual Notarial
PT Bank BTPN Syariah Tbk
Other - Financial Information
Institution as of December 31,
2024, of PT Bank
BTPN Syariah -
BTPN Syariah Tbk
Website
453
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information disclosure report to OJK DPBS, OJK capital market, Indonesia Stock Exchange, other institutions, and
the website of PT Bank BTPN Syariah Tbk (as of december 31, 2024)
no letter number date website subject information
20 S.154/DIR/CSGC/IV/2024 April 4, 2024 OJK DPBS - Report on the Other institutions,
Appointment of a including PT
OJK Capital Public Accountant Kustodian Sentra
Market Net and/or Public Efek Indonesia
Accounting Firm
BEI Net for the Audit of the
Annual Notarial
Other
Financial Information
Institution
as of December 31,
BTPN Syariah 2024, of PT Bank
Website BTPN Syariah Tbk
21 S.157/DIR/CSGC/IV/2024 April 5, 2024 OJK DPBS Monthly Report on Other institutions,
Securities Holder including PT
OJK Capital Registration (Position Kustodian Sentra
Market Net as of March 31, 2024) Efek Indonesia, PT
Datindo Entrycom
BEI Net
Other
Institution
BTPN Syariah
Website
22 S.163/DIR/CSGC/IV/2024 April 17, 2024 OJK DPBS Minutes of the Annual Other institutions,
General Meeting of including PT
OJK Capital Shareholders for the Kustodian Sentra
Market Net 2023 Financial Year of Efek Indonesia, PT
PT Bank BTPN Datindo Entrycom
BEI Net Syariah Tbk
Other
Institution
BTPN Syariah
Website
23 S.167/DIR/CSGC/IV/2024 April 19, 2024 OJK DPBS - Disclosure of Articles Other institutions,
of Association of PT including PT
OJK Capital Bank BTPN Syariah Kustodian Sentra
Market Net Tbk Efek Indonesia, PT
Datindo Entrycom
BEI Net
Other
Institution
BTPN Syariah -
Website
24 S.168/DIR/CSGC/IV/2024 April 19, 2024 OJK DPBS Disclosure of
Information on the
OJK Capital - Articles of Association
Market Net of PT Bank BTPN
Syariah Tbk
BEI Net -
Tbk
Tbk
Other -
Syariah
Institution
Syariah
BTPN Syariah -
BTPN
Website
Bank
PTPT BTPN
Bank
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annual report 2024 | good corporate governance
information disclosure report to OJK DPBS, OJK capital market, Indonesia Stock Exchange, other institutions, and
the website of PT Bank BTPN Syariah Tbk (as of december 31, 2024)
no letter number date website subject information
25 S.175/DIR/CSGC/IV/2024 April 26, 2024 OJK DPBS - Submission of Other institutions,
the Consolidated including PT
OJK Capital Financial Statements Kustodian Sentra
Market Net and Proof of Efek Indonesia, PT
Publication of Datindo Entrycom
BEI Net the Consolidated
Financial Statements
Other
of PT Bank BTPN
Institution
Syariah Tbk as of
BTPN Syariah - March 31, 2024
Website (Unaudited)
26 S.176/DIR/CSGC/IV/2024 April 26, 2024 OJK DPBS - Submission of
the Publication of
OJK Capital the Consolidated
Market Net Financial Statements
of PT Bank BTPN
BEI Net Syariah Tbk as of
March 31, 2024
Other
(Unaudited)
Institution
BTPN Syariah -
Website
27 S.180/DIR/CSGC/IV/2024 April 26, 2024 OJK DPBS Public Information Other institutions,
Disclosure - Press including PT
OJK Capital Release - Maintained Kustodian Sentra
Market Net Performance, Efek Indonesia
Intensive Support for
BEI Net Inclusive Customers
Other
Institution
BTPN Syariah
Website
28 S.195/DIR/CSGC/V/2024 May 7, OJK DPBS Monthly Report on Other institutions,
2024 Securities Holder including PT
OJK Capital Registration (Position Kustodian Sentra
Market Net as of April 30, 2024) Efek Indonesia, PT
Datindo Entrycom
BEI Net
Other
Institution
BTPN Syariah
Website
29 S.235/DIR/CSGC/VI/2024 June 5, OJK DPBS Monthly Report on Other institutions,
2024 Securities Holder including PT
OJK Capital Registration (Position Kustodian Sentra
Market Net as of May 31, 2024) Efek Indonesia, PT
Datindo Entrycom
BEI Net
PT Bank BTPN Syariah Tbk
Other
Institution
BTPN Syariah
Website
455
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information disclosure report to OJK DPBS, OJK capital market, Indonesia Stock Exchange, other institutions, and
the website of PT Bank BTPN Syariah Tbk (as of december 31, 2024)
no letter number date website subject information
30 S.258/DIR/CSGC/VII/2024 July 4, OJK DPBS Monthly Report on Other institutions,
2024 Securities Holder including PT
OJK Capital Registration (Position Kustodian Sentra
Market Net as of June 30, 2024) Efek Indonesia, PT
Datindo Entrycom
BEI Net
Other
Institution
BTPN Syariah
Website
31 S.289/DIR/CSGC/VII/2024 July 26, OJK DPBS Submission of
2024 the Publication
OJK Capital - of Consolidated
Market Net Financial Statements
of PT Bank BTPN
BEI Net - Syariah Tbk as
of June 30, 2024
Other -
(Unaudited)
Institution
BTPN Syariah -
Website
32 S.290/DIR/CSGC/VII/2024 July 26, OJK DPBS - Submission of Other institutions,
2024 Consolidated including PT
OJK Capital Financial Statements Kustodian Sentra
Market Net and Proof of Efek Indonesia, PT
Publication of Datindo Entrycom
BEI Net the Consolidated
Financial Statements
Other
of PT Bank BTPN
Institution
Syariah Tbk as
BTPN Syariah - of June 30, 2024
Website (Unaudited)
33 S.293/DIR/CSGC/VII/2024 July 26, OJK DPBS Disclosure of Other institutions,
2024 Information That including PT
OJK Capital Needs to Be Known Kustodian Sentra
Market Net by the Public - Press Efek Indonesia
Release - Selectively
BEI Net Distribute Financing
to Support
Other
BTPN Syariah’s
Institution
Performance in the
BTPN Syariah First Half of 2024
Website
34 S.309/DIR/CSGC/VIII/2024 August 5, OJK DPBS Monthly Report on Other institutions,
2024 Securities Holder including PT
OJK Capital Registration (As of Kustodian Sentra
Market Net July 31, 2024) Efek Indonesia,
PT Datindo
BEI Net Entrycom
Tbk
Tbk
Other
Syariah
Institution
Syariah
BTPN Syariah
BTPN
Website
Bank
PTPT BTPN
Bank
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annual report 2024 | good corporate governance
information disclosure report to OJK DPBS, OJK capital market, Indonesia Stock Exchange, other institutions, and
the website of PT Bank BTPN Syariah Tbk (as of december 31, 2024)
no letter number date website subject information
35 S.315/DIR/CSGC/VIII/2024 August 12, OJK DPBS Plan for the Other institutions,
2024 Implementation of including PT
OJK Capital the Annual Public Kustodian Sentra
Market Net Disclosure of PT Bank Efek Indonesia
BTPN Syariah Tbk
BEI Net
Other
Institution
BTPN Syariah
Website
36 S.323/DIR/CSGC/VIII/2024 August 22, OJK DPBS Submission of the Other institutions,
2024 2024 Annual Public including PT
OJK Capital Disclosure Materials Kustodian Sentra
Market Net Efek Indonesia
BEI Net
Other
Institution
BTPN Syariah
Website
37 S.334/DIR/CSGC/VIII/2024 August 30, OJK DPBS Report on the Other institutions,
2024 Implementation of including PT
OJK Capital Public Expose (Public Kustodian Sentra
Market Net Expose) of PT Bank Efek Indonesia
BTPN Syariah Tbk
BEI Net
Other
Institution
BTPN Syariah -
Website
38 S.340/DIR/CSGC/IX/2024 Sepember 6, OJK DPBS Monthly Report on Other institutions,
2024 Securities Holder including PT
OJK Capital Registration Kustodian Sentra
Market Net (as of August 31, Efek Indonesia,
2024) PT Datindo
BEI Net Entrycom
Other
Institution
BTPN Syariah
Website
39 S.366/DIR/CSGC/IX/2024 Sepember 30, OJK DPBS Information Other institutions,
2024 Regarding the including PT
OJK Capital Extension Period Kustodian Sentra
Market Net for the Transfer of Efek Indonesia,
Treasury Shares from PT Datindo
BEI Net the Repurchase of PT Entrycom
Bank BTPN Syariah
PT Bank BTPN Syariah Tbk
Other
Tbk
Institution
BTPN Syariah -
Website
457
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information disclosure report to OJK DPBS, OJK capital market, Indonesia Stock Exchange, other institutions, and
the website of PT Bank BTPN Syariah Tbk (as of december 31, 2024)
no letter number date website subject information
40 S.368/DIR/CSGC/X/2024 October 4, OJK DPBS Monthly Report on Other institutions,
2024 Securities Holder including PT
OJK Capital Registration (As of Kustodian Sentra
Market Net September 30, 2024) Efek Indonesia,
PT Datindo
BEI Net Entrycom
Other
Institution
BTPN Syariah
Website
41 S.370/DIR/CSGC/X/2024 October 7, OJK DPBS - Annual Periodic Other institutions,
2024 Report on the including PT
OJK Capital Submission of Kustodian Sentra
Market Net Cooperation Efek Indonesia
Agreements
BEI Net Regarding the
Appointment of a
Other
Public Accountant
Institution
and Public Accounting
BTPN Syariah - Firm for the Annual
Website Historical Financial
Information at PT
Bank BTPN Syariah
Tbk as of December
31, 2024
42 S.371/DIR/CSGC/X/2024 October 7, OJK DPBS Annual Periodic
2024 Report on the
OJK Capital - Submission of
Market Net Cooperation
Agreements
BEI Net - Related to the
Appointment of a
Other -
Public Accountant
Institution
and Public Accounting
BTPN Syariah - Firm for the Annual
Website Historical Financial
Information at PT
Bank BTPN Syariah
Tbk as of December
31, 2024
43 S.386/DIR/CSGC/X/2024 October 25, OJK DPBS - Submission and Other institutions,
2024 Publication of including PT
OJK Capital Consolidated Kustodian Sentra
Market Net Financial Statements Efek Indonesia,
of PT Bank BTPN PT Datindo
BEI Net Syariah Tbk as of Entrycom
September 30, 2024
Other
(Unaudited)
Institution
BTPN Syariah -
Tbk
Website
Bank
PTPT BTPN
Bank Syariah
BTPN Tbk
Syariah
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annual report 2024 | good corporate governance
information disclosure report to OJK DPBS, OJK capital market, Indonesia Stock Exchange, other institutions, and
the website of PT Bank BTPN Syariah Tbk (as of december 31, 2024)
no letter number date website subject information
44 S.387/DIR/CSGC/X/2024 October 25, OJK DPBS Submission of
2024 the Publication
OJK Capital - of Consolidated
Market Net Financial Statements
of PT Bank BTPN
BEI Net - Syariah Tbk as of
September 30, 2024
Other -
(Unaudited)
Institution
BTPN Syariah -
Website
45 S.388/DIR/CSGC/X/2024 October 25, OJK DPBS Disclosure of Other institutions,
2024 Information for including PT
OJK Capital Public Awareness Kustodian Sentra
Market Net - Press Release Efek Indonesia
- BTPN Syariah
BEI Net Q3 Performance
as Predicted:
Other
Consistently
Institution
Improving Quality,
BTPN Syariah Customers Served
Website Thoroughly
46 S.410/DIR/CSGC/XI/2024 November 18 OJK DPBS Disclosure of Other institutions,
2024 Information including PT
OJK Capital Change of Name Kustodian Sentra
Market Net of the Head Office Efek Indonesia,
Building PT Datindo
BEI Net Entrycom
Other
Institution
BTPN Syariah
Website
47 S.428/DIR/CSGC/XII/2024 December 6 OJK DPBS Monthly Report on Other institutions,
2024 Securities Holder including PT
OJK Capital Registration (As of Kustodian Sentra
Market Net November 30, 2024) Efek Indonesia,
PT Datindo
BEI Net Entrycom
Other
Institution
BTPN Syariah
Website
PT Bank BTPN Syariah Tbk
459
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investor
relations
To enhance the quality of Good Corporate Governance (GCG) implementation in accordance with the
ASEAN CG Scorecard, BTPN Syariah upholds transparency in providing information to investors and
the public.
BTPN Syariah has an Investor Relations unit responsible for regularly providing investors with
information regarding the Bank’s performance, including its strategies, policies, business prospects, and
achievements.
head of investor relations profile
name Andrew Adhitia
nationality Indonesian
residence Bogor, Indonesia
age 44 years old
education Graduate Degree in Business Administration, Sekolah Bisnis dan Manajemen Institut
Teknologi Bandung (2022)
certification Risk Management Level 4 Certification issued by the Risk Management Certification Agency
(BSMR)
work experience Financial Control & Analytics Head (overseeing Investor Relations) at BTPN Syariah (2023–
present)
Analytics and Market Intelligence Head BTPN Syariah (2018-2023)
MIS and Analytics Head BTPN Syariah (2015-2018)
Portfolio Analytics Head Bank Danamon (2011-2014)
affiliated relations Has no affiliate relationship with the Board of Directors, Board of Commissioners, Sharia
Supervisory Board, or Controlling Shareholders
investor relations activities
Throughout 2024, the Investor Relations unit has carried out various activities involving shareholders,
investors, securities analysts, and the public, as follows:
1. Quarterly Analysts Briefing sessions conducted
Date Material Method
07 Februari 2024 FY 2023 Results Update Video Conference
26 April 2024 1Q 2024 Results Update Video Conference
26 Juli 2024 1H 2024 Results Update Video Conference
25 Oktober 2024 3Q 2024 Results Update Video Conference
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | good corporate governance
2. The Annual Rating Review by PT Fitch Ratings Indonesia on March 7, 2024, reaffirmed BTPN Syariah’s
Long-Term National Rating at ‘AAA(idn)’ with a Stable Outlook.
3. Regular meetings with investors and analysts through:
method of meeting total description
Analyst/Investor Briefing 4 Presentation of quarterly financial performance reports
Investor & Analyst Meeting/ Meetings with investors and/or prospective local, foreign, and retail
Calls/Conference/ Webinar 52 investors, as well as analysts, to introduce the business model, provide
updates on performance, and discuss BTPN Syariah’s strategies
Investor & Analyst Site Visit 4 Visits to observe the activities of the Sharia Mobile Marketing (MMS)
team at Wisma and customer activities during the Regular Center
Meetings (PRS).
PT Bank BTPN Syariah Tbk
461
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Internal
Audit Report
Internal Audit, as an independent unit, is a key component of the Internal Control System and serves as
the third line of defense. Its vision is to be a strategic partner to management in supporting the Bank’s
growth to achieve its established organizational goals. Through independent and objective assurance
and consulting activities, Internal Audit is committed to adding value to the Bank and enhancing its
performance.
Internal Audit Charter
Internal Audit at BTPN Syariah adheres to the Internal Audit Charter, which was approved by the Board
of Commissioners based on the recommendation of the Audit Committee and established by the Board
of Directors under Decree No. SK.011/DIR/SKAI/V/2023 dated May 26, 2023. The Internal Audit Charter
provides guidelines on the scope, responsibilities, and authority of Internal Audit. It defines the position
of Internal Audit within the Bank’s organization, ensures its independence, and outlines its working
relations with external parties. The Internal Audit Charter also serves as an official confirmation of
Internal Audit’s commitment to upholding the internal auditor’s code of ethics in carrying out its duties.
The implementation of Internal Audit activities and the formulation of the Internal Audit Charter
comply with the Financial Services Authority Regulation (POJK) No. 1/POJK.03/2019 on the
Implementation of Internal Audit Functions in Commercial Banks and POJK No. 56/POJK.04/2015 on
the Establishment and Guidelines for the Preparation of the Internal Audit Unit Charter, as well as
the International Professional Practice Framework (IPPF) issued by The Institute of Internal Auditors
(IIA). Internal Audit periodically reviews and aligns the audit charter with applicable regulations and
standards.
organization and position of Internal Audit within the Bank’s organizational
structure
As an independent unit, Internal Audit reports directly to the President Director, coordinates with the
Audit Committee, and has direct communication access to the Board of Commissioners to convey
matters related to audit activities.
Thus, Internal Audit at BTPN Syariah does not have any reporting responsibility or relationship with
management or any other parties involved in the Bank’s operations that could influence the disclosure
of audit findings.
Below is the organizational structure of Internal Audit:
President
Board of Commissioners
Director
thru Audit Committee
Tbk
Tbk
Internal Audit
Syariah
Head
BTPN
Bank Syariah
BTPN
Audit Planning &
Bank
Business Audit Head Office Audit IT Audit
Support
PTPT
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The Internal Audit organization consists of four divisions, each with the following functions::
1. Business Audit
Conducts audits in the Business area, covering both funding and financing operations, and monitors
follow-ups on audit findings.
2. Head Office Audit
Conducts audits in the Head Office area, covering support functions that serve the Bank as a whole,
and monitors follow-ups on audit findings.
3. Information Technology Audit
Conducts audits in the Information Technology area and monitors follow-ups on audit findings.
4. Audit Planning & Support
Responsible for facilitating the Annual Audit Planning process, developing Audit Methodology &
Tools, auditor development, conducting Audit Quality Assurance, Remote Audits, Data Support &
MIS, and preparing Internal & External Regular Reporting.
internal audit head profile
name Gatot Prasetyo
nationality Indonesian
residence South Tangerang
age 52 years old as of the 2024 financial year
education Graduate degree in Management, Universitas Bina Nusantara (2007)
audit competency Qualified Internal Auditor (QIA), Indonesia Internal Audit Practitioner (IIAP)
certification
Appointed by the President Director with the approval of the Board of Commissioners
since June 1, 2017, through Decree No. 003/CIR/KRN/V/2017 regarding the Approval
basis of appointment
of the Change of Head of the Internal Audit Unit of PT Bank Tabungan Pensiunan
Nasional Syariah Tbk.
Internal Audit Head, BTPN Syariah, Jakarta (2017 – present)
Business Risk Head, BTPN Syariah, Jakarta (2017)
Micro and Small Business Audit Head, BTPN (Currently named PT Bank SMBC
Indonesia Tbk), Jakarta (2015 – 2017)
work experience
Head Office and IT Audit Head, BTPN, Jakarta (2011 – 2015)
Internal Audit Head, Bank Barclays Indonesia, Jakarta (2011)
Operations Control Head, Bank Barclays Indonesia, Jakarta (2009 – 2011)
Operations Control Head, Royal Bank Scotland (RBS) Bank, Jakarta (1998 – 2009)
Has no affiliation with the Board of Directors, Board of Commissioners,
affiliated relations
Sharia Supervisory Board, or Controlling Shareholders.
appointment and dismissal
The appointment and dismissal of the Head of Internal Audit are carried out by the President Director
with the approval of the Board of Commissioners based on the recommendation of the Audit
Committee. The appointment and dismissal of the Head of Internal Audit are reported to the Financial
Services Authority (OJK).
independence
PT Bank BTPN Syariah Tbk
Several provisions are established to ensure an independent and objective internal audit function,
including:
1. Internal auditors are not permitted to hold concurrent positions or engage in other operational
activities.
2. The Internal Auditor is not involved in operational decision-making and only provides
recommendations.
3. Each assignment given to Internal Auditors must be free from actual or potential conflicts of
interest.
463
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4. Internal Audit implements periodic task 3. Conducting analysis and assessments in the
rotation. areas of finance, accounting, operations,
5. Internal Audit has the right to determine Sharia aspects, and other activities through
and apply audit methods in accordance audits.
with professional standards and generally 4. Identifying opportunities to improve and
accepted auditing standards. enhance the efficiency of resource and fund
utilization.
code of ethics 5. Providing recommendations for
improvements and objective information
Internal Audit upholds a code of ethics as a on audited activities at all levels of
guiding principle for all auditors in carrying out management.
their duties, as established by The Institute of
Internal Auditors, as follows:
To facilitate the execution of its duties and
functions, Internal Audit has the following
1. Integrity authorities:
Internal auditors must perform their work 1. Access to all company information (all
honestly, diligently, and responsibly. They must organizational functions, records, employees,
comply with the law and disclose information resources and funds, as well as other Bank
as required by legal or professional standards. assets) related to its duties and functions.
2. Allocate resources, determine audit frequency,
2. Objectivity select subjects, and define the scope of
Internal auditors maintain the highest level audit activities necessary to achieve audit
of professional objectivity in gathering, objectives.
evaluating, and communicating information 3. Apply audit methods in accordance with
about the activities or processes being professional standards and generally
examined. They make balanced assessments accepted auditing standards while adapting
of all relevant factors and remain free from them to field conditions.
undue influence, whether from personal 4. Obtain necessary assistance from audited
interests or external parties, in their decision- unit personnel or experts, both internal and
making. external to the organization.
5. Participate in audit assignments conducted
3. Confidentiality by the Parent Entity (PT Bank SMBC
Internal auditors respect the value and Indonesia Tbk) as part of knowledge transfer
ownership of the information they receive and staff development.
and do not disclose such information without 6. Communicate directly with the Board of
proper authorization, except when required by Directors, Board of Commissioners, Audit
law or professional obligations. Committee, and Sharia Supervisory Board
(DPS), including holding private meetings
4. Competence without Management’s presence, and
Internal auditors apply the knowledge, skills, communicate with the Financial Services
and experience necessary to provide high- Authority (OJK) at least once a year.
quality internal audit services. 7. Conduct regular and incidental meetings
with the Board of Directors, Board of
duties and authorities of internal audit Commissioners, Audit Committee, and Sharia
Supervisory Board.
The main duties of Internal Audit are as follows: 8. Coordinate activities with external auditors.
1. Assisting the President Director and the 9. Attend strategic meetings without voting
Board of Commissioners in carrying out rights.
Tbk
supervisory functions by operationalizing 10. Ensure adequate approval is obtained when
Tbk
Syariah
audit planning, execution, and monitoring of there is a request for an extension of the
Syariah
audit results. target timeline for follow-up completion.
2. Assisting the Sharia Supervisory Board
BTPN
in reviewing the implementation of
BTPN
Sharia compliance in accordance with the
Bank
established audit plan.
Bank
PTPT
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annual report 2024 | good corporate governance
human resources and certification
As of December 31, 2024, the Internal Audit department consisted of 25 (twenty-five) personnel, with
the following details:
department headcount
Internal Audit Head 1
Business Audit 10
Head Office Audit 7
IT Audit 4
Audit Planning & Support 3
Total 25
Internal Audit is committed to continuously enhancing its quality through comprehensive examinations
conducted by competent Human Resources (HR) and the application of professional audit standards
to add value to the Bank. The development of Internal Audit personnel is carried out by improving
auditors’ skills and competencies through certification programs and both internal and external
training. As of December 31, 2024, Internal Audit is supported by competent auditors who have
obtained the following professional certifications:
certification organizer Total
Certified Information System Auditor (CISA) ISACA 2
Chartered Accountant (CA) IAI 1
Indonesia Internal Audit Practitioner (IIAP) IIA 1
ISO/IEC27001:2022 Lead Auditor CQI-IRCA 2
Qualified Internal Auditor (QIA) YPIA 9
Certified Practitioner of Internal Audit (CPIA) YPIA 1
Certified Bank Internal Audit (CBIA) - Auditor LSPP 12
Certified Bank Internal Audit (CBIA) - Supervisor LSPP 6
Risk Management Certification LSPP 25
Compliance Certification LSPP 1
the training programs attended by internal audit throughout 2024 are as follows:
training/webinar organizer
Introduction to Python for Data Science Hacktiv8
CQI IRCA Certified - Information Security Management ISO/IEC Robere Associates Indonesia
27001:2022 Lead Auditor
PT Bank BTPN Syariah Tbk
GRACS Summit 2024 - Digital Trust: Navigating The Future in Digital Era Isaca Indonesia
Internal Audit Certification of the Bank, Qualification 4 LSPP
Governance, Risk & Compliance Muamalat Institute
Internal Bank Audit Competency Test Briefing – Auditor Level Ikatan Auditor Intern Bank (IAIB)
Implementation of APU, PPT & PPPSPM Programs and Audit Process Ikatan Auditor Intern Bank (IAIB)
465
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the training programs attended by internal audit throughout 2024 are as follows:
training/webinar organizer
COSO-2013 Internal Control Framework Yayasan Pendidikan Internal Audit
National Internal Audit Seminar – Cultural Transformation: Integrating Yayasan Pendidikan Internal Audit
ESG, Cybersecurity, and Innovative Risk Management 2024
Internal Auditor Conference (KAI) Yayasan Pendidikan Internal Audit
Advanced QIA Certification Yayasan Pendidikan Internal Audit
Managerial Level QIA Certification Yayasan Pendidikan Internal Audit
Pre-Managerial Level QIA Certification Yayasan Pendidikan Internal Audit
Standards & Code of Ethics for Professional Internal Auditor (SACEP) Yayasan Pendidikan Internal Audit
Workshop Standards & Code of Ethics for Professional Internal Auditor Yayasan Pendidikan Internal Audit
(SACEP)
Standards & Code of Ethics for Professional Internal Auditor Yayasan Pendidikan Internal Audit
SMR Level 2 and Level 3 Refreshment Training (SMR Equivalency Class for Muamalat Institute
Level 5)
Risk Management Certification – Equivalency for Level 5 Muamalat Institute
Risk Management Certification – Level 2 Refreshment Muamalat Institute
Risk Management Certification – Level 5 Recertification LSPKS
Ms. Excel Advance Andalan Teknologi Inovasi/Didi Subekti
Growth Mindset F Project:Samuel Pandu Amarta
Insight Discovery Talent Box
Training Leadership Refreshment Program Talent Box
Effective Communication Skills ACELearnings/Edysen Shin
Workshop on Creating Simple, Engaging, and Effective Socialization HGT
Content
Risk-Weighted Assets for Market Risk One Point
PDP Law – Personal Data Protection PWC (Price Waterhouse Cooper)
Personal Data Protection Workshop PWC (Price Waterhouse Cooper)
Webinar on Information Security Awareness (ISA) Live Event: “Ready to PWC (Price Waterhouse Cooper)
Face Cyber Incidents? The Right Way to Report Incidents!”
Agile Introduction BTPN Syariah
Scrum Training BTPN Syariah
Deepfake AI: Technological Advancement or a Threat to Banking? BTPN Syariah
Future of Banking: Leveraging Gen AI for Strategic Growth BTPN Syariah
Generation Gap BTPN Syariah
Tbk
Tbk
Live Event Talkshow Webinar: “Ransomware: The Real Threat of Cyber BTPN Syariah
Syariah
Attacks!”
Syariah
Other Mandatory Refreshments BTPN Syariah
BTPN
BTPN
Mandatory Refreshment: “Sharia Banking” BTPN Syariah
Bank
Workshop RAKB BTPN Syariah
Bank
PTPT
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annual report 2024 | good corporate governance
internal audit activity report for 2024
In 2024, Internal Audit successfully completed audits in accordance with the plan, conducting 23 regular
audit assignments across five classifications: Business Process, Operations & Support Functions,
Information Technology, Mandatory Audit, and Line of Distribution. Additionally, Internal Audit
conducted one limited review on the development of the Online Transfer Feature and Payment Point
Online Bank (PPOB) within the Sitepat Application. Internal Audit also performed reviews related to
ISO 27001 and ESG within relevant assignments.
The audit findings have been utilized as a basis for evaluating and improving policies, business and
operational processes, infrastructure, Sharia compliance, and human resource management. Internal
Audit continuously monitors all follow-up actions on audit findings to ensure that all identified issues
are resolved and risks are effectively controlled. To ensure accountability, each audit result and follow-
up progress is reported to the Board of Directors and the Board of Commissioners through the Audit
Committee. By the end of 2024, corrective actions had been implemented in accordance with the
scheduled timeline.
Operations &
Business Process Support Functions
04
03 Mandatory Audit
01
03
Subsiadiry
02
10
Information Line of Distribution
Technology
Throughout 2024, Internal Audit also carried out the following activities:
1. Fulfilled its role as an independent party by providing input/reviews for the ISO 27001:2013
certification process.
2. Continuously fostered communication and collaboration with the first and second lines of defense
to establish a strong internal control system.
3. Conducted reviews of Internal Audit’s policies and procedures to ensure they remain up-to-date and
aligned with relevant standards.
4. Engaged in communication and collaboration with SMBCI Internal Audit as the Parent Entity,
particularly in areas of methodology, human resource development, and technology. Additionally, a
joint audit was conducted on BTPN Syariah’s IT Development.
PT Bank BTPN Syariah Tbk
467
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audit methodology
Internal Audit applies a comprehensive Risk-Based Audit methodology across all audit processes, from
annual audit planning to audit execution.
During the annual audit planning process, an audit universe is developed to ensure that all critical
aspects are considered in alignment with the company’s objectives and strategies. This also ensures
that the audit scope covers both business drivers and business enablers. In determining audit priorities,
Internal Audit assesses all inherent risks related to the audit focus.
In audit execution, Internal Audit employs three approaches: on-site, off-site, and hybrid. The hybrid
audit method is used for line of distribution audits, where preparation and reporting are conducted at
the head office, while fieldwork or on-site validation takes place at the audited locations.
To serve as a trusted business partner that delivers added value to the Bank, Internal Audit
continuously enhances its processes, methodologies, tools, and human resource competencies. These
improvements align with evolving business processes and best practices as recommended by The
Institute of Internal Auditors (IIA) and the Information System Audit and Control Association (ISACA).
meeting frequency with the Board of Commissioners, Board of Directors, Audit
Committee, Sharia Supervisory Board, and Head of Internal Audit SMBCI
Throughout 2024, Internal Audit participated as a meeting attendee or delivered presentations in
meetings with the Board of Commissioners, Board of Directors, Audit Committee, Sharia Supervisory
Board, and Head of Internal Audit SMBCI with the following attendance frequency:
meeting summary attendance frequency
Board of Commissioners Meeting 1
Board of Directors Meeting 42
Audit Committee Meeting 13
Sharia Supervisory Board Meeting 3
Meeting with the Head of Internal Audit SMBCI 6
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | good corporate governance
implementation standards and quality development
Internal Audit adheres to the Mandatory Guidance issued by The Institute of Internal Auditors, which
includes the Core Principles for the Professional Practice of Internal Auditing, the Code of Ethics, the
Standards, and the Definition of Internal Auditing. Additionally, it complies with Financial Services
Authority Regulation (POJK) No. 1/POJK.03/2019 on the Implementation of Internal Audit Functions
in Commercial Banks as the Internal Audit Professional Standards (SPFAI). Internal Audit also refers
to the standards of the Information System Audit and Control Association (ISACA) as best practice
guidelines.
Internal Audit has implemented an Audit Quality Control Program designed to assess the compliance
of internal audit activities with established standards and regulations. The Audit Quality Control
Activities are conducted through:
1. Periodic Assessments
2. External Assessments performed by an independent and competent Public Accounting Firm/
Consultant
A review of internal audit practices was conducted by Paul, Hadiwinata, Hidajat, Arsono, Retno,
Palilingan & Rekan, a member of PKF International, covering the examination period from July 1,
2020, to June 30, 2023. The review concluded that the implementation of the Internal Audit Function
is “generally compliant” with POJK regulations and IIA Standards. The results of this review were
submitted to the Financial Services Authority (OJK) in August 2023.
The next review of internal audit practices will be conducted in accordance with applicable regulations.
internal audit information system
To enhance effectiveness and maintain audit quality in accordance with standards, Internal Audit
utilizes the Audit Management System (AMS), which facilitates the audit process from preparation,
field execution, reporting, and documentation.
To further improve the efficiency of the audit process, Internal Audit also employs the Remote Audit
System (RAS), designed to display an internal audit dashboard based on periodic data analysis. This
enables Internal Audit to continuously monitor the risk profile of the Bank’s distribution network.
Additionally, Internal Audit has developed the Face Apps application, which enhances effectiveness
and efficiency in monitoring follow-up actions on audit findings and supports the digitalization of
administrative processes within the Internal Audit organization. Currently, Internal Audit is developing
a Knowledge Management module within the Face Apps application to support the continuous
development of auditor competencies.
PT Bank BTPN Syariah Tbk
469
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external
audit
BTPN Syariah upholds transparency in information, particularly in financial reporting, as part of its
commitment to good corporate governance.
To ensure the quality and accuracy of financial reports, the Bank has appointed Public Accounting Firm
(KAP) Siddharta Widjaja & Rekan as the auditor for the Consolidated Financial Statements for the
2024 financial year. This firm is a member of the KPMG Network of Independent Member Firms and
a partnership in Indonesia affiliated with KPMG International Cooperative. KAP Siddharta Widjaja &
Rekan is also registered with the Financial Services Authority (OJK).
BTPN Syariah has ensured that the engagement of the Public Accountant (AP) and Public Accounting
Firm (KAP) does not create any conflict of interest related to the audit. In accordance with POJK No.
9 of 2023 concerning the Engagement of Public Accountants and Public Accounting Firms in Financial
Services Activities, KPMG has submitted an Independence Statement, affirming that AP, KAP, and
individuals within KAP meet the independence requirements in conducting the audit for the 2024
financial year.
The appointment of KAP Siddharta Widjaja & Rekan was based on a resolution from the 2024 Annual
General Meeting of Shareholders (AGMS), considering recommendations from the Audit Committee
and the Board of Commissioners. This decision was formalized in: Audit Committee Circular Resolution
No. 002/CIR/KA/II/2024 Board of Commissioners Circular Resolution No. 002/CIR/DEKOM/II/2024
Both resolutions were issued on February 20, 2024.
The total allocated audit fee for the 2024 Financial Statements is IDR 2,000,000,000 (two billion
rupiah), excluding out-of-pocket expenses (OPE) and Value Added Tax (VAT) of 12%.
profile of the accountant in charge
Novie, SE, CPA
Indonesian
She earned a Bachelor’s degree in Accounting from Tarumanagara University, Jakarta. She holds a
Public Accountant certification from the Indonesian Institute of Certified Public Accountants (IAPI) and
an Indonesian Chartered Accountant certification from the Indonesian Institute of Accountants (IAI).
She is also a member of both IAPI and IAI and is a registered Public Accountant with OJK Banking, OJK
Sharia Banking, OJK Capital Market, and OJK Non-Bank Financial Institutions (OJK IKNB).
She has over 20 years of experience in auditing the financial statements of financial service institutions
in Indonesia, particularly in banking and financing companies. She has also been involved in advisory
projects, including mergers & acquisitions in the banking industry, consulting on the implementation
of financial instrument accounting standards, and providing input to companies and regulators on
accounting-related issues or proposed regulations.
Tbk
In addition to her role as a Public Accountant, she actively conducts training on Accounting Standards,
Tbk
Syariah
including serving as one of the trainers assisting OJK in the dissemination of PSAK 71 for the financing
Syariah
industry. She has also contributed to the development of the Indonesian Banking Accounting Guidelines
(“BPAK”) as part of a working group initiated by OJK (Financial Services Authority). She collaborated
BTPN
with regulatory experts and banking industry professionals to create comprehensive financial reporting
BTPN
guidelines, ensuring alignment with both Indonesian and international accounting standards.
Bank
Bank
The year 2024 marks the third year that Novie has audited the financial statements of BTPN Syariah.
PTPT
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annual report 2024 | good corporate governance
public accounting firm conducting the audit of consolidated financial statements at BTPN Syariah (2019-2024)
financial accountant in accountant accountant fee
public accountant firm term
year charge term term (IDR million)
2019 Siddharta Widjaja dan Rekan 1 Liana Lim, SE, CPA 1 Audit 1,325
(an Indonesia Partnership and Financial
member firm of the KPMG Statement
Network of Independent
Member Firm affiliated
with KPMG International
Cooperative
2020 Siddharta Widjaja dan Rekan 2 Liana Lim, SE, CPA 2 Audit 1,370
(an Indonesia Partnership and Financial
member firm of the KPMG Statement
Network of Independent
Member Firm affiliated
with KPMG International
Cooperative
2021 Siddharta Widjaja dan Rekan 3 Liana Lim, SE, CPA 3 Audit 1,440
(an Indonesia Partnership and Financial
member firm of the KPMG Statement
Network of Independent
Member Firm affiliated
with KPMG International
Cooperative
2022 Siddharta Widjaja dan Rekan 4 Novie, SE, CPA 1 Audit 1,620
(an Indonesia Partnership and Financial
member firm of the KPMG Statement
Network of Independent
Member Firm affiliated
with KPMG International
Cooperative
2023 Siddharta Widjaja dan Rekan 5 Novie, SE, CPA 2 Audit 887*
(an Indonesia Partnership and Financial
member firm of the KPMG Statement
Network of Independent
Member Firm affiliated
with KPMG International
Cooperative
2024 Siddharta Widjaja dan Rekan 6 Novie, SE, CPA 3 Audit 2,000*
(an Indonesia Partnership and Financial
member firm of the KPMG Statement
Network of Independent
Member Firm affiliated
with KPMG International
Cooperative
*not include OPE
PT Bank BTPN Syariah Tbk
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other services provided
Throughout the audit period for the 2024 financial year, KPMG did not provide any services other than
the audit of the Annual Financial Statements. Therefore, no fees were paid for non-audit services.
implementation of the international ethics standards Board for Accountants
(IESBA) at BTPN Syariah in 2024
recommending party : The Audit Committee as Those Charged with Governance (TCWG) at BTPN Syariah.
Non-assurance services yang meliputi :
Agreed Upon Procedures (AUP) Engagements, Comfort Letters Engagements, Tax
type of recommendation :
Compliance and Advisory Engagements dan General or Industry Training Sessions on
Internal audit.
As part of fulfilling the 2024 annual obligations by TCWG at BTPN Syariah as part
of the SMBC/SMFG Group,
purpose :
Ensuring that the presentation of the Bank’s Consolidated Financial Statements, in
all material aspects, complies with the Financial Accounting Standards in Indonesia.
The Audit Committee’s recommendation is as stated in the Minutes of the Audit Committee Meeting
No. MOM/11/KA/IX/2024 dated September 26, 2024, which confirms that the NAS list remains relevant
to the Audit Committee’s decision in 2023, as the IESBA independence standards that form the basis of
this decision have not changed.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | good corporate governance
internal
control system
BTPN Syariah implements a layered defense approach (three lines of defense) as a framework for risk
management and internal control.
Further details on risk management and the internal control system can be found in the Risk
Management section of this 2024 Annual Report.
disclosure of internal control oversight
Various forms of oversight by the Board of Directors, Board of Commissioners, and Sharia Supervisory
Board have been carried out through discussions, corporate meetings, field visits, and the fulfillment
of other supervisory duties, as outlined in the Agenda of Board of Directors Meetings, Agenda of Joint
Meetings of the Board of Commissioners and Board of Directors, Agenda of Committees at the Board
of Directors Level, Agenda of Committees at the Board of Commissioners Level, and the Agenda of
Sharia Supervisory Board Meetings in the Corporate Governance Implementation Report section of
this 2024 Annual Report.
The Board of Directors, Board of Commissioners, and Sharia Supervisory Board have ensured that
oversight has been conducted across various areas to guarantee that strong internal control and
governance are effectively implemented within the Bank, covering operations, finance, compliance,
sharia governance, and risk management systems at BTPN Syariah.
Board of Directors’ Supervision on Risk Management
The Board of Directors has ensured the implementation of risk management oversight at BTPN Syariah
throughout 2024, in accordance with Financial Services Authority Regulation No. 65/POJK.03/2016 on
the Implementation of Risk Management for Sharia Commercial Banks and Sharia Business Units. The
realization of this oversight aligns with the Bank’s Business Plan, Corporate Plan, Sustainable Finance
Action Plan, and Key Strategic Initiatives.
The Board of Commissioners and the Sharia Supervisory Board have performed their supervisory
functions over the implementation of risk management by the Board of Directors to ensure that every
function within the organization applies risk management tailored to the conditions of each respective
area. More importantly, they ensure that risk control is well-integrated and consolidated.
To achieve these objectives, the Board of Directors has ensured the availability of adequate supporting
tools, including comprehensive risk management policies and procedures, as well as the establishment
of appropriate risk limits in 2024.
To facilitate an effective risk management process, BTPN Syariah has established policies governing
the adequacy of risk identification, measurement, monitoring, and control processes, along with a risk
management information system.
Throughout 2024, the Board of Directors has ensured that internal control principles are actively
PT Bank BTPN Syariah Tbk
upheld by all employees to support the Bank in conducting its business activities. This means that
every employee plays a role in planning, operational development, and continuous improvement of
human resource quality. The Board of Directors’ oversight of internal control is reinforced by a system
implementing the Three Lines of Defense model, complemented by adequate Quality Assurance
measures, as well as the presence of the Risk Management Unit and Internal Audit Unit.
Further details on risk management implementation are elaborated in the Risk Management section
under the Operational Review in this 2024 Annual Report.
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risk
management system
Amid the economic dynamics throughout 2024, BTPN Syariah has continued to develop an adaptive
risk management system, with a primary focus on credit, operational, and market risks. In its
implementation, the Bank adheres to Good Corporate Governance (GCG) and a Risk Awareness
approach, supported by four key pillars: active supervision by the Board of Directors, Board of
Commissioners, and Sharia Supervisory Board (DPS); adequate risk management policies, procedures,
and risk limit setting; a systematic process for identifying, measuring, monitoring, and controlling risks;
and a comprehensive internal control system.
A more detailed explanation of the risk management system, types of risks and their management, the
effectiveness of the system in place, as well as statements from the Board of Directors and Board of
Commissioners or the Audit Committee regarding the adequacy of the risk management system, can
be found in the Risk Management section of the Management Analysis and Discussion chapter of this
report.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | good corporate governance
compliance
report
As a public company, BTPN Syariah is committed g. Most commitments to regulators
to complying with all applicable regulations, regarding recommended improvements
including those set by OJK Banking, OJK Capital based on the 2023 audit findings have
Market, and other regulators. The Bank continues been completed within the agreed
to strengthen a culture of compliance at all levels timeline, while the remaining items are not
of the organization, ensuring that compliance is yet due. Some of the 2024 audit findings
not just an obligation but also an integral part of can also be addressed within the agreed
its work values consistently applied. timeframe.
h. Compliance risk management processes
As planned for 2024, the strategy to enhance continue to be implemented effectively to
the culture of compliance is prioritized in the ensure that potential compliance risks are
following areas: well mitigated, indicating that a strong
compliance culture has been successfully
1. Governance Aspect embedded within the Bank.
a. Oversight by the Board of Commissioners,
Board of Directors, and the Sharia 2. Awareness Aspect
Supervisory Board (DPS) is effectively a. To enhance both technical and non-
carried out through structured technical competencies of all employees,
mechanisms, including regular meetings the Bank continuously develops the quality
and direct field reviews. of its human resources to keep up with
b. The Bank continues to promote awareness evolving industry trends.
of the Regulation Portal, which contains b. Training for new employees and refresher
both external and internal regulations, courses for existing employees are
making it easier for employees to access mandatory and effectively conducted to
reliable references for their work guidance. ensure that every employee understands
c. Monitoring of the alignment between the training materials and can implement
internal and external regulations is them properly in their daily tasks and
conducted effectively to ensure that responsibilities.
internal policies remain up to date with c. Various compliance culture awareness
applicable external regulations. Regulation materials are presented through engaging
issuers are required to perform self- and easily understandable media for
certification for the regulations they issue. employees.
d. By implementing a relationship-based d. In collaboration with other work units,
working process with business units, the Bank has developed the SiapBantu
the internalization of regulations can be platform and mechanism, which enables
carried out more quickly, effectively, and employees to easily ask questions and
with high quality. receive prompt and comprehensive
e. Intensive coordination is carried out answers regarding compliance-related
with all work units within the Bank in issues.
preparation for regulatory inspections, e. Socialization programs, sharing sessions,
starting from document requests, onsite and refresher training sessions are
visits, discussions or interviews with conducted to strengthen employees’
work units, exit meetings, and follow-up understanding of Sharia principles related
commitments. to contracts used in the Bank’s operations,
PT Bank BTPN Syariah Tbk
f. The exit meeting with OJK for the as well as other relevant Sharia principles,
inspection period of July 31, 2024, and Anti-Money Laundering (APU), Counter-
subsequent events as of October 31, 2024, Terrorism Financing (PPT), and the
was conducted on December 16, 2024. Prevention of Financial Crimes (PPPSPM).
These training sessions are provided to
new employees and reinforced through
regular online and offline refreshers.
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f. In addition to Sharia principles, awareness customers into Low, Medium, and High-risk
is also promoted through socialization and groups. The effective implementation of the
refresher sessions on applicable banking Know Your Customer (KYC) principle ensures
regulations, including POJK, SEOJK, PBI, that BTPN Syariah remains a sound institution,
PADG BI, and other relevant provisions.. free from money laundering, terrorism financing,
and the proliferation financing of weapons of
3. Assessment Aspect mass destruction. A strong compliance culture
a. To ensure compliance with Sharia supports BTPN Syariah’s ability to grow rapidly
principles in the Bank’s operational and sustainably.
activities—including but not limited
to fund collection, fund distribution, Following the issuance of OJK Regulation No. 8
and banking services—a verification of 2023 concerning the Implementation of Anti-
mechanism has been established. This Money Laundering, Counter-Terrorism Financing,
includes both indirect document reviews and Prevention of Proliferation Financing of
and direct field inspections conducted in Weapons of Mass Destruction Programs in
collaboration with the Sharia Supervisory the Financial Services Sector, the Bank has
Board (DPS) and other relevant teams. aligned its policies and procedures accordingly
These assessments involve discussions to enhance its efforts in preventing money
and Q&A sessions with employees laundering, terrorism financing, and proliferation
at the Head Office, Branch Offices, financing.
Functional Operational Offices (KFO),
and Community Officers, as well as Aligned with the Bank’s Key Strategic Initiatives
interactions with customers, particularly (KSI), the compliance function’s organizational
financing customers. structure in 2024 has been adjusted to enhance
b. The DPS has carried out direct supervision the effectiveness of the Bank’s work plan. This
visits to various locations, including the adjustment aims to strengthen the compliance
Semarang Branch & Mobile Marketing culture across all operational aspects.
Services (MMS) (Central Java 3),
Banjarmasin Branch & MMS, Cianjur KFO In addition to the Sharia Compliance and
& MMS, Sukamaju KFO & MMS (West Advisory (CSA) function and the Compliance
Java 8 – Garut), Denpasar Branch & MMS, AML & CFT function, the Bank has also
Padang Branch & MMS (Sumatra 6), as established a Compliance & Development
well as evaluations of the Profit-Sharing Support function to refine compliance tools and
Mechanism, Treasury Products, and frameworks. This initiative facilitates employees’
Promotional & Communication Activities. access to the regulation portal, which contains
c. The Anti-Money Laundering (APU), both external and internal regulations as work
Counter-Terrorism Financing (PPT), and guidelines.
Prevention of Proliferation of Weapons
of Mass Destruction (PPPSPM) programs Furthermore, the Bank continuously updates its
have been implemented across several policies and regulations to remain aligned with
branch offices, including Banjarmasin, the latest regulatory requirements. Systems
Palembang, Padang, and Lampung. and procedures are also continuously improved
These measures ensure compliance with to ensure that all operational processes adhere
applicable regulations and mitigate the to prudential principles while remaining in
Bank’s risk exposure to money laundering, compliance with Sharia principles.
terrorism financing, and the proliferation
of weapons of mass destruction. With the implementation of these strategies, a
strong Compliance Culture has gradually been
Tbk
In addition to the aforementioned measures, established, ensuring that all business units
Tbk
Syariah
BTPN Syariah implements a Risk-Based can accurately understand both external and
Syariah
Approach (RBA) through the Sectoral Risk internal regulations. Compliance is, in essence,
Assessment (SRA) and National Risk Assessment the responsibility of all organizational levels.
BTPN
(NRA) methods, in accordance with regulations The Bank’s adherence to existing regulations
BTPN
set by the Financial Services Authority (OJK) and reflects good corporate governance, serving
Bank
the Financial Transaction Reports and Analysis as a foundation for BTPN Syariah’s rapid and
Bank
Center (PPATK). Through this implementation, sustainable growth.
PTPT
BTPN Syariah has been able to categorize
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annual report 2024 | good corporate governance
support the realization of Disiplinizme, the Bank 6. Recognition as an Official Islamic Financial
has established a Compliance Helpdesk through Institution for Cash Waqf – As of November
Siap Bantu and implemented a relationship- 5, 2024, the Ministry of Religious Affairs
based approach. This initiative ensures that has designated BTPN Syariah as an Islamic
all business units receive clear and accurate Financial Institution Authorized to Receive
information regarding both external and internal Cash Waqf (LKS-PWU).
regulations more quickly. With a responsive 7. Inclusion in a Financial Conglomerate – Since
information service, the Compliance Culture is July 2024, Otoritas Jasa Keuangan (OJK)
expected to be effectively implemented across all has reaffirmed BTPN Syariah’s membership
levels of the organization. in a Financial Conglomerate, with SMBC
Indonesia (SMBCI) as the parent entity,
Based on the activities carried out, the key alongside PT Summit Oto Finance and PT Oto
achievements in 2024 are as follows: Multiartha as other members. Following the
issuance of revised Financial Conglomerate
1. Effective Implementation of Compliance regulations in December 2024, the Bank
Culture – This is evidenced by the Bank’s will ensure compliance with these new
ability to maintain all prudential ratios requirements under the guidance of SMBCI,
well, the absence of significant fines from as the Parent Company of the Financial
regulators, and all compliance risk profile Conglomerate (PIKK).
parameters showing positive values. As a
result, the composite compliance risk profile is These achievements were made possible by
ranked at Risk Level 1 (Low). the way the Bank navigated the challenges
2. Successful Internalization of Regulatory Rules throughout 2024. The key challenges identified
– The prompt adoption of external regulations during 2024 are as follows:
into internal policies has been achieved, with
no delays. The Regulatory Portal enables 1. The regulations issued by the regulator are
the Bank to effectively monitor the review numerous, and the Bank is required to comply
timelines of regulations, ensuring continuous with them. The actions taken include daily
updates in line with the latest requirements. updates on regulations and ensuring follow-
3. Fulfillment of Regulatory Commitments up actions are carried out according to the
– The Bank has successfully addressed regulated areas until completion, ensuring the
and implemented improvements based on Bank’s compliance with the applicable rules.
the OJK’s 2023 examination findings and 2. The large number of employees spread
fulfilled regulatory obligations, including across various regions creates a significant
the Anti-Money Laundering and Counter- potential for non-compliance with
Terrorism Financing (AML & CFT) program regulations. To address this, the Bank
implementation based on the Risk- ensures the implementation of adequate
Based Approach (RBA) and the staged internal controls. Additionally, periodic DPS
implementation of GO AML in accordance audits are conducted to ensure compliance
with applicable regulations. with Shariah principles for both employees
4. Updated Internal Regulations – The Bank and customers in the field. Furthermore,
has revised several key policies, including the compliance assessments are carried out
Compliance Policy, Entertainment & Gift to ensure that the Bank’s operations align
Procedures, and AML & CFT Policies and with the applicable regulations, and rules
Procedures, in alignment with the latest OJK are communicated to all employees through
regulations. accessible communication channels.
5. Strong Financial Integrity Rating – Based 3. The reports required to be submitted to
on the Financial Integrity Rating on Money the OJK are numerous and have different
Laundering and Terrorism Financing deadlines. To address this, the Bank
PT Bank BTPN Syariah Tbk
conducted by PPATK, BTPN Syariah received consistently ensures that the reminder system
an “Excellent” rating, demonstrating the functions effectively to prevent any delays in
Bank’s strong commitment to supporting report preparation.
PPATK and law enforcement agencies in 4. For reporting to PPATK, the Bank has
implementing the Anti-Money Laundering, implemented the GO AML application as
Counter-Terrorism Financing, and Prevention a reporting tool to PPATK, in addition to
of Proliferation of Weapons of Mass applying customer risk profile assessments
Destruction (AML, CFT & PPPSPM) programs. based on the RBA approach with the latest
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parameters. Furthermore, to ensure the Bank restructured our office network and
remains free from corruption, continuous implemented synergy with non-bank financial
dissemination of the integrity pact is institution subsidiaries. In this regard, BTPN
conducted, along with the implementation Syariah engages in strategic collaboration
of employee declarations to comply with with BTPN Syariah Ventura across 11 areas:
regulations and uphold anti-bribery principles. Human Capital, Information and Technology,
5. The Bank has undertaken several new product Compliance, Legal and Litigation, Corporate
and activity initiatives, which are currently Secretary, Internal Audit, Finance and Treasury,
either operational, approved, or still in the Risk Management, Corporate Communication,
development process. These include the DAYA, and Operations.
development of the Mobile Banking QRIS
feature (approved), obtaining a license as We have also updated the Cooperation
an Islamic Financial Institution for Cash Agreement (PKS) with PT Bank SMBC Indonesia
Waqf Receiving (approved), and the Cash Tbk as the Parent Entity, concerning banking
Waqf Linked Deposit (in the licensing stage). synergy and the implementation of integrated
Additionally, the Bank is developing products compliance governance. This update has also
through synergy with its parent company, been reported to OJK in accordance with
such as Mobile Banking – Jenius Syariah, applicable regulations.
Wealth Management, pension financing,
and bancassurance, all of which are still BTPN Syariah supports the integrated
in development. The Bank ensures that all compliance function by submitting integrated
licensing processes and product/activity compliance reports, risk profiles, and compliance
compliance adhere to applicable regulations. dashboards, while also conducting regular
coordination with the Parent Entity.
The Compliance Culture must be continuously
strengthened, as a strong compliance culture To ensure rapid and healthy business growth,
supports the Bank’s ability to grow rapidly and the Bank continues the efforts from the previous
sustainably. Compliance is the responsibility of year by reinforcing the Compliance Culture
all levels within the organization. The Bank’s strategy and ensuring that all compliance
adherence to existing regulations reflects services are delivered in a more friendly, fast, and
good corporate governance, as evidenced by thorough manner.
the various awards the Bank has received.
These achievements serve as proof that the Friendly means that communication with all
Compliance Culture has been successfully work units is conducted more clearly and in an
implemented across all levels of the organization. easily understandable manner, with procedures
translated into work diagrams or flowcharts
With core capital exceeding IDR 8 trillion, BTPN to enhance practical application. Awareness
Syariah falls under Core Capital Bank Group materials are expanded through various media
2 (KBMI 2), in accordance with POJK No. 12/ commonly used by employees, and compliance
POJK.03/2021, which classifies banks with assessments are conducted regularly, both onsite
core capital ranging from IDR 6 trillion to IDR and offsite, to ensure consistent understanding
14 trillion. Consequently, the Bank continues and implementation.
to strengthen its internal control functions
to support sustainable business growth. Fast means that all work unit requests related to
Coordination among the Compliance Division, regulatory information or reviews are addressed
Risk Management, Corporate Information swiftly, based on a measurable Service Level
Security, and Corporate Secretary & General Agreement (SLA), ensuring a more responsive
Counsel is becoming more integrated, ensuring approach to work unit needs.
Tbk
that every business initiative is monitored from
Tbk
Syariah
the planning stage through to implementation Comprehensive means that all compliance
Syariah
evaluation. issues and potential compliance risks must be
accurately and thoroughly identified, ensuring
BTPN
In accordance with POJK No. 16 POJK.03/2022 that the root causes are effectively addressed so
BTPN
on Sharia Commercial Banks, we have that the same errors do not recur.
PTPT Bank
Bank
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annual report 2024 | good corporate governance
Through the implementation of these activities, a strong Compliance Culture is expected to be
established. Ultimately, compliance is the responsibility of all levels within the organization. The Bank’s
adherence to applicable regulations serves as a reflection of good corporate governance and as a
foundation for sustainable and healthy growth.
sharia compliance
In 2024, BTPN Syariah implemented Sharia compliance through its compliance function, guided by
POJK No. 2 of 2024 on the Implementation of Sharia Governance for Sharia Commercial Banks and
Sharia Business Units, as well as POJK No. 46/POJK.03/2017 on the Implementation of the Compliance
Function for Commercial Banks. The key initiatives included:
1. Implementing a compliance culture program for employees through training and refreshment
programs covering Sharia banking, compliance, entertainment & gifts, and Anti-Money Laundering
(AML), Counter-Terrorism Financing (CTF), & Prevention of the Financing of Weapons of Mass
Destruction (PFWMD).
2. Reviewing and providing input on the application of Sharia principles in the Bank’s policies,
procedures, and product programs.
3. Reviewing the Bank’s promotional and marketing activities to ensure compliance with Sharia
principles.
4. Developing a Sharia compliance risk profile, which is integrated into the Bank’s overall compliance
risk profile.
5. Following up on recommendations from OJK’s Sharia compliance examinations.
6. Coordinating with the Sharia Supervisory Board (DPS) to implement Sharia compliance functions
through DPS meetings and other appropriate communication channels, in accordance with
prevailing laws and regulations.
compliance head profile
name Fauzan Rizani
citizenship Indonesian
domisili Depok
age 46 years old up to the 2024 financial year
education Bachelor of Economics, Padjadjaran University (1997)
competency certification Qualification 6 Banking Risk Management
Appointed by the President Director with the approval of the Board of
basis of appointment Commissioners. Effective from June 7, 2021, based on the Decree No. 0005/HCS/
SK-PK/VI/2021 regarding the Employee Appointment.
Compliance Head, BTPN Syariah, Jakarta (2021 – Present)
Compliance Head, HSBC, Jakarta (2014 - 2021)
Compliance, Citibank Indonesia, Jakarta (2010 – 2014)
affiliate relations Internal Audit, Citibank Indonesia, Jakarta (2005 2010)
Senior Auditor, Ernst & Young, Jakarta (2003-2005)
Semi Senior Auditor, Dedy Mulyadi and partner, Jakarta (2002-2003)
Junior Auditor, Deloitte Touche Tohmatsu, Jakarta (2001 – 2002 )
Has no affiliation with the Board of Directors, Board of Commissioners and
hubungan afiliasi
Controlling Shareholders
PT Bank BTPN Syariah Tbk
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conflict of interest
and affiliate transactions
material transactions involving a conflict of interest
A conflict of interest occurs when there is a discrepancy between the economic interests of the Bank
and the personal economic interests of members of the Board of Commissioners, Sharia Supervisory
Board, Board of Directors, Major Shareholders, or Controlling Parties, which could harm the Bank.
Throughout 2024, there were no material transactions involving a conflict of interest at BTPN Syariah.
transactions with affiliated/related parties
An affiliated transaction refers to any activity and/or transaction conducted by the Bank with an
Affiliate of the Bank or an Affiliate of members of the Board of Commissioners, Sharia Supervisory
Board, Board of Directors, Major Shareholders, or Controlling Parties, including any activity and/
or transaction conducted by the Bank for the benefit of the Affiliate of the Bank or the Affiliate
of members of the Board of Commissioners, Sharia Supervisory Board, Board of Directors, Major
Shareholders, or Controlling Parties.
The recording of transactions with affiliated/related parties at BTPN Syariah during 2024 has been in
compliance with PSAK 224 concerning “Disclosure of Related Parties.”
Details of these transactions up to the period ending on December 31, 2024, are outlined in the table
below.
transaction realization with affiliated/related parties
related parties relations transaction
PT Bank SMBC Indonesia Tbk Parent Company Demand deposits with other banks, securities
issued
Directors, Commissioners, and Key management personnel Wadiah savings, mudharabah savings,
executive officers mudharabah deposits, basic salary, honorarium,
bonus, tantieme, other allowances, post-
employment benefits, and other long-term
benefits.
reasons for conducting transactions
Transactions with related parties are primarily conducted for the benefit and sustainability of the
Bank’s business, which is related to generating operational income and is carried out regularly,
repeatedly, and/or continuously.
value of related party transactions
Tbk
Details of the related party transaction balances have been disclosed in Note 39 of the Consolidated
Tbk
Syariah
Financial Statements as of December 31, 2024, which is part of this 2024 Annual Report.
Syariah
fairness statement
BTPN
BTPN
ransactions with related/affiliate parties have been conducted fairly and equitably in accordance with
Bank
the applicable laws and regulations.
Bank
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annual report 2024 | good corporate governance
Anti-money laundering, prevention of terrorism financing, and
prevention of the proliferation of weapons of mass
destruction financing (AML, CFT & PF)
The Crime of Money Laundering (ML), Terrorism b. The APU, PPT, and PPPSPM programs
Financing (TF), and Financing of the Proliferation have been evaluated by implementing
of Weapons of Mass Destruction (WMD) are a risk assessment for APU, PPT, and
crimes that are not limited to a single country. PPPSPM on both new and existing
With the methods and typologies of ML, TF, and products/services of BTPN Syariah.
WMD financing continuously evolving over time,
they place the Bank as a financial institution 3. Customer and Transaction Monitoring:
with the potential to be used as a tool for a. Maintaining the List of Suspected
money laundering, terrorism financing, and the Terrorists and Terrorist Organizations
financing of the proliferation of weapons of mass (LSTTO) and the List of Proliferation of
destruction. Weapons of Mass Destruction Financing
(LPWMD) to ensure that no potential
BTPN Syariah, as part of the national banking customers or existing customers are
industry, is fully committed to implementing included in these lists.
regulations related to Anti-Money Laundering b. Continuously monitoring customer
(AML), Prevention of Terrorism Financing (CFT), transactions to identify the consistency
and Prevention of the Financing of Proliferation between transactions and customer
of Weapons of Mass Destruction (PF) including profiles, such as occupation, business
the implementation of the Know Your Customer sector, income, and the source of funds.
(KYC) principle.
4. Customer Data Updating:
In implementing the Anti-Money Laundering, Regularly updating customer data to obtain
Prevention of Terrorism Financing, and the latest information and documents from
Prevention of the Financing of Proliferation of customers.
Weapons of Mass Destruction Program, BTPN
Syariah refers to the OJK Regulation No. 8 of 5. Reporting to PPATK:
2023, concerning the Implementation of Anti- Reporting to PPATK related to AML, CFT, and
Money Laundering, Prevention of Terrorism PF, including the Cash Financial Transaction
Financing, and Prevention of the Financing of Report, Suspicious Financial Transaction
Proliferation of Weapons of Mass Destruction in Report, Integrated Service User Information
the Financial Services Sector. System (SIPESAT), and the Suspected
Terrorism Financing Information System
Throughout 2024, BTPN Syariah has (SIPENDAR).
implemented the AML, CFT, and PF program as
follows: 6. Customer Risk Profile Assessment using Risk-
Based Approach (RBA):
1. Regular Reporting: Regularly reporting the Implementing the Risk-Based Approach (RBA)
implementation of the AML, CFT, and PF through Sectoral Risk Assessment (SRA)
programs to the Board of Directors and the and National Risk Assessment (NRA) from
Board of Commissioners. OJK and PPATK, enabling the identification
of customers based on risk categories: Low,
PT Bank BTPN Syariah Tbk
2. APU, PPT & PPPSPM Regulations: Medium, and High.
a. The provisions of Anti-Money Laundering
(APU), Counter-Terrorism Financing (PPT),
and Prevention of the Proliferation of
Weapons of Mass Destruction (PPPSPM)
have been adjusted under the latest
regulations from the regulator.
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7. AML, CFT & PF Assessment
and PF programs is carried out properly in accordance with applicable regulations, during 2024 an
assessment of AML, CFT, and PF was conducted directly at selected branch offices. The assessment
mechanism involved conducting spot checks on customer documents and interviewing branch staff.
8. Training and Dissemination
To enhance human resources quality, BTPN Syariah conducted training and dissemination on AML,
CFT, and PF. Training was provided to new employees and regular refreshment training was offered
periodically. Training methods included e-learning, online communication media, and face-to-face
sessions. Dissemination was provided to branch staff to ensure they received the latest regulations
and information related to AML, CFT, and PF.
9. Penilaian Financial Integrity Rating on Money Laundering and Terrorism Financing (FIR) oleh PPATK
The FIR assessment aims to measure the level of commitment of the reporting party in supporting
PPATK and law enforcement in the implementation of AML, CFT, and PF. In 2024, BTPN Syariah
achieved a rating in the “Very Good” category.
10. Monitoring Accounts Related to Elections and Regional Elections
As part of the Collaborative Analysis Team (CAT), BTPN Syariah reported transactions related to
election and regional election accounts to PPATK.
11. Compliance with the Implementation of the AML, CFT, and PF Programs
Throughout 2024, the implementation of the AML, CFT, and PF programs was carried out
effectively, with no violations of regulations or sanctions imposed by regulators.
provision of funds for social activities and halal and non-halal
income
As a form of transparency and implementation of good corporate governance, and referring to Bank
Indonesia Circular Letter No. 12/13/DPbS dated April 30, 2010, regarding the implementation of GCG
for Islamic Commercial Banks and Islamic Business Units, BTPN Syariah discloses non-halal income and
its utilization through the annual GCG implementation report.
The halal and non-halal income sources that contribute to BTPN Syariah’s social fund include:
1. Income from current account services received by the bank from conventional banks’ current
accounts;
2. Income from account closures before the maturity date;
3. Income from penalties imposed on customers;
4. Donations from within the company;
5. Income from financing transactions that do not meet the pillars and/or terms of the agreement.
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Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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Report on the Sources and Uses of BTPN Syariah’s Charity Funds as of December 31, 2024 is as follows:
(in million rupiah)
Description December 31, 2024 December 31, 2023
Source of benevolent funds at the beginning 3,409 2,404
of the period
Receipt of benevolent funds
- -
1. Infak
- -
2. Alms
- -
3. Productive benevolence refunds
167 52
4. Fine
166 1,323
5. Receipt of non-halal funds.
- -
6. Others
Total Receipts 333 1,375
Use of benevolent funds
- -
1. Productive benevolent funds
- -
2. Donations
1,096 370
3. Other uses for public interest
Total Usage 1,096 370
Increase (decrease) in the source of benevolent funds (763) 1,005
Source of benevolent funds at the end of the period 2,646 3,409
PT Bank BTPN Syariah Tbk
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materially impactful
legal cases
In 2024, BTPN Syariah did not have any legal cases that significantly impacted its financial condition
or had the potential to cause legal consequences that could disrupt the activities of the Company, the
Board of Commissioners, the Sharia Supervisory Board, or the Board of Directors.
administrative
sanctions
During 2024, no significant sanctions were imposed by the regulator on the bank.
no sanctioned party authority sanctions / fines
1 Company Financial Services IDR 111,650,000
Authority (OJK)
2 Company Bank Indonesia IDR 35,000,000
There was one written warning regarding
the delay in submitting the Treasury Dealer
registration proof, which has been followed
up by the Bank through Response Letter No.
S.347/DIR/TFI/IX/2024, dated September 17,
2024.
3 Board of Directors None None
4 Board of Commissioners None None
5 Sharia Supervisory Board None None
Through various improvement efforts, the Bank continues to enhance its internal processes to ensure
that no fines or administrative sanctions will be imposed in the future.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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code of ethics
1. company values
BTPN Syariah’s values are PRISMA (PRofessional, Integrity, Mutual Respect and Cooperation).
professional BTPN Syariah employees are required to always be honest, responsible, intelligent and
communicative in carrying out their professional duties.
integrity BTPN Syariah employees are obliged to uphold justice, truth and commitment in implementing
the Company’s Code of Ethics.
mutual BTPN Syariah employees are obliged to show mutual respect and appreciation for the opinions
respect and contributions of every employee, in line with their duties, responsibilities, and competencies.
cooperation BTPN Syariah employees are required to continuously strive to develop a collaborative work
environment that delivers the best results.
2. shared identity
As a company grows, it often faces increasingly larger challenges, including the risk of the
organization becoming fragmented. To unify the commitment of every employee at BTPN
Syariah in carrying out the company’s Mission and Vision, a shared identity has been created:
#bankirpemberdaya.
This means:
“Everyone working at BTPN Syariah is a professional working at a bank (banker), but a different
kind of banker, one who gathers funds from the prosperous groups and channels them to empower
underprivileged families (empowerers). We are different, driven by the desire to be beneficial to
others.”
3. dissemination of vision, mission, company value, and shared
identity
The efforts include:
1. BTPN Syariah consistently conducts an Induction Program for Executive Officers and
new employees, covering the principles of Good Corporate Governance (GCG), including
disseminating the Vision and Mission.
2. The Company’s Values and Shared Identity.
3. Dissemination is also carried out via email blasts to all employees.
4. Behavioral assessment based on the Company’s Values is conducted annually through the
Performance Management process.
4. code of ethics
The BTPN Syariah Code of Ethics serves as a guideline and reference for the attitudes and behaviors
of the Board of Commissioners, Sharia Supervisory Board, Board of Directors, Independent Parties,
PT Bank BTPN Syariah Tbk
and all employees in carrying out their duties, authorities, obligations, and responsibilities in
decision-making, ensuring consistent alignment with the Company’s Values, the Vision and Mission
of BTPN Syariah, and applicable laws and regulations. It represents a standard of conduct that is
reasonable, appropriate, and deemed correct for all bank personnel in conducting business activities,
including interactions with stakeholders.
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The guidelines and principles outlined in the Code of Ethics include:
1. Vision, Mission, Company Values, Purpose of the Code of Ethics, and Scope of the Code of Ethics;
2. Compliance and Risk Management;
3. Conflict of Interest;
4. Creating a Conducive Work Environment (which includes Fair Treatment of All Employees, Anti-
Discrimination and Harassment, Workplace Safety, Use of Company Facilities, Activities Outside
the Company, Use of Social Media, Communication Culture LInK and HELP);
5. Management and Protection of Information;
6. Relations with Customers and Stakeholders (which includes Relationships with Customers,
Relationships with Partners, Relationships with Regulators, Bribery and Corruption, Giving and
Receiving Gifts, Anti-Money Laundering);
7. Enforcement of the Code of Ethics (which includes Roles and Responsibilities, Violations of the
Code of Ethics).
efforts to enforce the code of ethics
BTPN Syariah is committed to continuously enforcing the Code of Ethics as part of implementing good
corporate governance and building employee behavior that aligns with ethical standards.
The continuous and sustained implementation of the Code of Ethics is reflected in attitudes, actions,
commitments, and provisions that support the creation of a corporate culture. Efforts undertaken
include socializing the Code of Ethics through email blasts to all employees, with employees responding
by accepting and implementing the Code of Ethics to the best of their ability.
The Code of Ethics is also communicated through the distribution of the digital Code of Ethics
book to all employees and presented during the Induction Program for Executive Employees and
new employees. Socialization of the Code of Ethics will continue to be carried out periodically for all
employees.
Employees are also provided with a channel to report ethical issues or workplace complaints through
the “Whistleblower” and “Speak Your Mind” channels. Each report is handled confidentially by the
Compliance or Human Capital Division.
The Code of Ethics is updated periodically. All employees are required to know, understand, and
implement the BTPN Syariah Code of Ethics.
BTPN Syariah imposes strict sanctions for any deviation, misuse, or violation of the Code of Ethics.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | good corporate governance
share ownership program
of employee and/or management
Variable Remuneration Program for Material Risk Takers
In providing variable remuneration to Material Risk Takers, BTPN Syariah has adhered to the Financial
Services Authority Regulation No. 59/POJK.03/2017 (POJK 59/2017) concerning the Implementation of
Governance in the Provision of Remuneration for Sharia Commercial Banks and Sharia Business Units,
and has established a policy regarding the identification of material risk takers at BTPN Syariah. These
individuals, due to their roles and responsibilities, make decisions that significantly impact the bank’s
risk profile. At BTPN Syariah, material risk takers are the members of the Board of Directors.
To comply with POJK No. 59/2017, BTPN Syariah has a policy in place that governs the payment of
variable remuneration, which is deferred at a certain percentage for each member of the Board of
Directors, with the deferral period being no less than three (3) years.
During 2024, the bank implemented the provision of deferred variable remuneration to Material Risk
Takers based on the bank’s performance, through the transfer of some treasury shares. The execution
of this transfer has taken into account the applicable regulations.
Details of the variable remuneration payment in the form of deferred shares have been presented in
the 2021, 2022, and 2023 Annual Reports. Meanwhile, the report on the provision of deferred variable
remuneration through the transfer of treasury shares in 2024 is presented in the Corporate Actions
section of the 2024 Annual Report.
PT Bank BTPN Syariah Tbk
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whistleblowing
system
To strengthen the internal control system, implement good governance practices, and as a further
implementation of the Financial Services Authority (OJK) Regulation No. 12/2024 dated July 31, 2024,
regarding the Application of Anti-Fraud Strategies for Financial Services Institutions, BTPN Syariah has
provided a platform for reporting information from employees or external parties regarding suspected
fraud through the Whistleblowing System “JAGA” (Run, Monitor & Observe, Investigate, Submit
Report).
Any suspected fraud can be reported via phone, email, mail, or QR code. This mechanism is regulated
in the operational procedure for managing the JAGA Whistleblowing System, which is reviewed
periodically to ensure compliance with both internal and external regulations, as well as the bank’s
conditions.
protection of fraud whistleblowers
BTPN Syariah ensures the confidentiality of the whistleblower’s identity and the information reported,
providing full support and protection to any whistleblower who reports suspected fraud.
reporting channel through JAGA
hotline mail
(+6221) 300 26 400 The Anti-Fraud Management Division for
reporting via letter.
Extention 83553 dan 86470
Menara SMBC, Lantai 12
It is provided for verbal reporting, where CBD Mega Kuningan
the whistleblower can speak directly with Jl. Dr. Ide Anak Agung Gde Agung
the Anti-Fraud Management Officer. Kav. 5.5-5.6, Kelurahan Kuningan Timur,
Jakarta Selatan 12950.
email QR code
Tbk
Tbk
email Jaga@btpnsyariah.com It can be used by the whistleblower to
Syariah
submit a report through a QR Code link.
Syariah
It can be used by the whistleblower to file a
report via email.
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Bank BTPN
BTPN
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the escalation process of the “JAGA” whistleblowing system
Reporting Investigation
Whistleblower channels Addressed to and follow-up
hotline
investigation
(risk taking unit/
AFM)
mail
anti fraud Bookkeeping
management and Fraud
(AFM) Committee
email
Confirmation
to the
whistleblower
digital/ (case closed)
QR code
complaint management
The management of the whistleblowing channel is handled by the internal party, the Anti-Fraud
Management Team.
types of sanctions for perpetrator
The types of sanctions for fraud perpetrator refer to the applicable regulations at the Bank and other
relevant legal provisions.
handling of complaints and follow-up in 2024
In 2024, there were 524 complaints submitted through the Whistleblowing Channel, all of which were
PT Bank BTPN Syariah Tbk
followed up and resolved.
BTPN Syariah continuously encourages all employees to voice their aspirations, ideas, and concerns in
the event of violations or potential fraud, in accordance with the Whistleblowing Reporting Mechanism
Procedure. This encouragement is intended to ensure that BTPN Syariah remains not only a trusted
bank but also one that upholds integrity with society, employees, and stakeholders.
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anti-bribery and corruption gift giving and receiving policy
policy To create a clean, healthy, and ethical corporate
environment that upholds the company’s
In conducting its business, BTPN Syariah is
values and promotes good conduct in business
required to comply with various laws and
relationships between BTPN Syariah, its
regulations, including those related to bribery,
employees, business partners, and other
corruption, and good corporate governance, as
stakeholders, as well as to ensure the application
well as regulations from banking authorities and
of independence and professionalism, BTPN
capital market authorities.
Syariah has established provisions regulating
the giving and receiving of gifts or any actions
As business and operational activities progress,
classified as gratuities to/from customers,
the Bank is bound, connected, and interacts with
partners, or government officials that may
other parties, including individuals, corporations,
influence business decisions, as outlined in the
state-owned enterprises, independent state
Company’s Code of Ethics.
institutions, and any activities related to state
wealth and/or financed by state funds or assets.
Key points of the gift giving and receiving policy
include:
In this regard, the Bank is committed to
conducting its business free from bribery and 1. The giving and/or receiving of any form of gift
corruption while fulfilling its responsibilities between individuals related to work or their
during business and operational activities. BTPN positions is prohibited;
Syariah applies a zero-tolerance policy for all 2. There is an obligation to declare in writing
forms of bribery (including bribery to and/or to a superior if receiving a gift from another
from customers, partners, government officials, party is unavoidable;
and employees) and any activities categorized as 3. Gifts or entertainment may be given to
acts of corruption.
foster good relations (goodwill) as long as it
This policy is clearly outlined in the Employee does not conflict with Sharia principles and
Code of Ethics, which is communicated and applicable regulations;
socialized during the induction training for 4. The value considered reasonable for gifts
new employees and through periodic refresher or entertainment should refer to applicable
programs for active employees. Employees regulations;
are prohibited from offering and/or accepting 5. The giving of gifts or rewards in the form
gifts of any kind from customers, partners, or of cash, regardless of amount, is prohibited
government officials for personal gain. unless specifically regulated according to
applicable provisions.
In its implementation, Management is
committed to taking firm action against any
violation of this policy, with offenders being The rules regarding the declaration of received
subject to civil or criminal proceedings in gifts and their reasonable value (based on the
accordance with applicable regulations. “arms-length” principle or business fairness
and custom) are specifically regulated in
During 2024, there were no violations committed the Standard Operating Procedure (SOP)
by employees of BTPN Syariah regarding the on Entertainment and Gifts, issued by the
anti-bribery and anti-corruption policy. Compliance Division and updated periodically.
During 2024, there were no violations by
employees of BTPN Syariah regarding the
Standard Operating Procedure on Entertainment
Tbk
and Gifts.
Bank
PTPT BTPN
Bank Syariah
BTPN Tbk
Syariah
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annual report 2024 | good corporate governance
anti-fraud management
BTPN Syariah continues to strive to minimize fraud occurrences by strengthening its internal control
systems through the implementation of an anti-fraud strategy.
The legal basis for enforcing anti-fraud at BTPN Syariah refers to the Bank Indonesia Circular Letter
No. 12/13/DPbS dated April 30, 2010, regarding the Implementation of Good Corporate Governance
for Sharia Commercial Banks (BUS) and Sharia Business Units (UUS), the Financial Services Authority
Regulation No. 2/2024 dated February 16, 2024, on the Application of Sharia Governance for Sharia
Commercial Banks and Sharia Business Units, and the Financial Services Authority Regulation No.
12/2024 dated July 31, 2024, on the Implementation of Anti-Fraud Strategies for Financial Services
Institutions.
As a commitment to these regulations, BTPN Syariah has established an Anti-Fraud Management
unit that works to prevent any form of deviation, violation, or fraud, whether committed by internal or
external parties, within the bank or utilizing the bank’s facilities.
Additionally, BTPN Syariah has established guidelines for the implementation of an Anti-Fraud
Strategy, outlined in the Anti-Fraud Strategy Policy and Anti-Fraud Strategy Standard Operating
Procedures (SOP). BTPN Syariah has a zero-tolerance policy for fraud and will impose strict
consequences and sanctions on any employee involved in fraudulent activities.
BTPN Syariah implements four pillars of its anti-fraud strategy as efforts to reduce fraud incidents.
The bank also continuously conducts evaluations to improve processes and mitigate fraud occurrences
to prevent future incidents.
Pillars of the Anti-Fraud Strategy
1. Prevention
a. Anti-Fraud Awareness
1) The Bank continuously fosters a culture of awareness in fraud prevention among all
employees through:
i. The signing of the Integrity Pact and Anti-Fraud Declaration, as a commitment to
building awareness to avoid fraud, ensuring compliance with applicable regulations, and
maintaining discipline in performing their duties.
ii. Anti-fraud awareness is promoted by conducting continuous anti-fraud campaigns for
employees, both through in-class training and online training, as well as via the Bank’s
internal communication media, including email blasts and tablet screen displays. This aims
to build awareness and reinforce the anti-fraud culture within the Bank.
iii. The Bank provides socialization of the Whistle Blowing Channel, a platform for reporting
fraud-related incidents, so that fraud allegations, whether from internal or external
parties, can be addressed promptly and accurately. As a result, it is expected that the
awareness and commitment to the anti-fraud culture within the Bank will continue to be
maintained and further enhanced.
iv. A moral approach is also undertaken by the Bank through religious guidance by the Sharia
Supervisory Board, and all employees are required to apply the company values in every
PT Bank BTPN Syariah Tbk
activity.
2) Building fraud prevention awareness among customers and third parties (vendors) through
educational media during the KYC process and the approval of cooperation agreements.
b. Know Your Employee Principle
The Bank applies the Know Your Employee (KYE) principle in the employee recruitment/
acceptance process and in the ongoing monitoring of employees.
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2. Detection
a. The Bank provides reporting channels for suspected or potentially fraudulent activities through
an easily accessible whistleblowing system (e-mail, QR code, written letters, and phone), and the
Bank ensures the confidentiality of the whistleblower’s identity.
b. b. The Bank proactively conducts detection processes using anomaly data based on certain
parameters to identify potential fraud incidents.
c. c. The Bank conducts surprise audits in high-risk business areas that are vulnerable to fraudulent
activities.
3. Investigation, Reporting, and Sanctions
a. Following up on reports of suspected fraud incidents by conducting investigations through
authorized, competent, and independent parties in accordance with investigation standards.
b. Reporting fraud incidents periodically to the Board of Directors, Board of Commissioners, Risk
Management Committee, SMBCI (Parent Company), and the Financial Services Authority (OJK)
in accordance with applicable regulations.
c. Imposing strict sanctions on employees involved in fraudulent actions through the Fraud
Committee, according to the type of violation and as outlined in the Company Regulations, and
reporting employees involved in fraudulent activities to law enforcement authorities.
4. Monitoring, Evaluation, and Follow-up
a. Conducting periodic monitoring of the results of fraud investigations, including improvements
to systems and procedures, enhancing internal control quality and risk awareness, imposing
sanctions on employees, legal processes, and recovery of losses due to fraudulent actions.
b. Continuously evaluating fraud incidents to serve as constructive actions for the bank by
identifying control weaknesses that led to fraud.
c. Taking follow-up actions to address weaknesses, strengthen the control system, and prevent
similar fraud incidents from recurring in the future, with a focus on preventive measures to
minimize or eliminate the likelihood of reoccurrence.
progress of internal fraud incident management
number of fraud cases committed by
permanent temporary
internal fraud cases in 1 year management
employees employees
2024 2023 2024 2023 2024 2023
Has been resolved - - 1 - 0 2
In progress - - - - - -
Resolution has not been pursued yet - - - - - -
Has been followed up through legal proceedings - - - 1 2 5
Total - - 1 1 2 7
Note: Deviations with a value exceeding Rp100,000,000,-
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
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annual report 2024 | good corporate governance
insider trading prevention The execution of this share buyback is part
of the company’s corporate governance
policy implementation, which involves the granting of
deferred variable remuneration based on the
BTPN Syariah has a Confidentiality of Bank’s performance to the Bank’s Material Risk
Information and Investment Ownership Policy Takers, in accordance with the Financial Services
for Employees to prevent insider trading and Authority Regulation No. 59/POJK.03/2017
ensure that the investment activities conducted on the Implementation of Governance in
by the Bank’s Management and Employees are in the Provision of Remuneration for Sharia
accordance with regulations and in a responsible Commercial Banks and Sharia Business Units.
manner, consistent with the Compliance Culture,
societal norms, as well as aligned with the An explanation regarding the share buyback is
principles of GCG and Sharia Principles. included in the 2019 Annual Report, while the
explanations related to the transfer of the shares
This policy explicitly prohibits the use of Inside from the first, second, and third buybacks can
Information for investment activities, including be found in the 2021, 2022, and 2023 Annual
the trading of securities issued by BTPN Syariah. Reports. The transfer of the fourth batch of
The policy also mandates the implementation of shares is detailed in the Corporate Actions
a blackout period, during which employees who section of this 2024 Annual Report.
possess Inside Information are prohibited from
conducting any buy/sell transactions of securities
provision of funds to related
after becoming aware of information related
to the Bank’s performance and/or corporate parties and large exposures
action plans, including information relating to the
performance of SMBCI (formerly BTPN) as the BTPN Syariah consistently strives to adhere to
Parent Company. the principles of prudence in providing loans,
taking into account capital capacity and portfolio
Throughout 2024, BTPN Syariah implemented distribution/diversification.
a blackout period for the Publication of the
Financial Statements of BTPN Syariah and Throughout 2024, there were no violations or
SMBCI for the Consolidated Annual Financial exceedances of the Legal Lending Limit (BMPD).
Report of the Financial Year 2023 and the Interim
Financial Statements for Quarters I, II, and III of The provision of funds to related parties is
2024. carried out in accordance with applicable
regulations. BTPN Syariah ensures that related
share buyback party transactions are conducted fairly,
independently, and at arm’s length.
BTPN Syariah has carried out a Share Buyback
of 2,500,000 (two million five hundred
thousand) shares on October 23, 2019, based
on the resolution of the Extraordinary General
Meeting of Shareholders held on September 2,
2019. At that time, it was in accordance with the
Financial Services Authority Regulation No. 30/
POJK.04/2017 concerning the Buyback of Shares
Issued by Public Companies.
PT Bank BTPN Syariah Tbk
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the following is a table of the provision of funds to related parties and large exposures as of december 31, 2024:
Total
No Provision of Funds
Debtor Nominal (millions of Rupiah)
1 To Related Parties 1 (SMBCI) 1,281
2 To Related Parties 1 (BTPN Syariah Ventura) 297,000
3 To Core Debtors 25 558,294
a. Individuals - -
b. b. Groups
transparency of the bank’s financial and non-financial conditions
that have not been disclosed in other reports
the fulfillment of creditors’ rights
BTPN Syariah continues to strive to build trust from shareholders and investors through the
implementation of guidelines for Good Corporate Governance, including ensuring the protection of
creditors’ rights.
During 2024, BTPN Syariah did not have any loan positions from creditors as disclosed in the table
“Implementation of Good Corporate Governance 2024, Principle 7, Point 7.4” in this Annual Report for
2024.
transparency of the bank’s financial and non-financial condition
As part of BTPN Syariah’s commitment to information transparency, and in accordance with the
Financial Services Authority Regulation No. 37/POJK.03/2019 dated December 20, 2019, regarding the
Transparency and Publication of Bank Reports, BTPN Syariah has fulfilled its obligations related to the
transparency of both financial and non-financial conditions.
The delivery mechanism is carried out through various communication channels, including uploading on
the Bank’s website, and direct communication with regulators and relevant stakeholders. Additionally,
transparency is also maintained through publications in national media.
The details of transparency in financial and non-financial sectors are as follows:
transparency subject publication
Monthly Financial Reports to the Regulator Website
Quarterly Financial Reports to the Regulator Print Media and Website
Annual Report to Regulators, Rating Agencies, Website
Shareholders, and Other Stakeholders
Tbk
Corporate Governance Information Website
Syariah Tbk
Syariah
Product and Service Information, Including Office Website
Network
BTPN
Announcement of the General Meeting of Shareholders Print Media and Website
BTPN
(GMS)
Bank
Other information related to information disclosure Website and Other Channels
Bank
PTPT
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annual report 2024 | good corporate governance
corporate social responsibility coordination of the Transaction Services Division.
In carrying out its duties, UPPK is assisted by the
to consumers/customers Person in Charge (PIC) appointed by each related
work unit within BTPN Syariah.
BTPN Syariah is committed to fulfilling its trust
in providing the best services to customers in The Consumer Complaint Handling Unit
accordance with good governance principles and (UPPK) is part of the Operations function in the
Sharia principles. Directorate responsible for Finance, Treasury,
and Operations. This unit was established by
Driven by the belief that customer satisfaction is BTPN Syariah to handle and resolve consumer
one of the key factors in improving performance complaints. The unit is equipped with policies and
and ensuring the bank’s sustainability, the Board procedures regarding the handling, resolution,
of Directors is fully committed to maintaining and reporting of consumer complaints.
the bank’s reputation by continuously improving
service quality and customer satisfaction. Throughout 2024, the UPPK has carried out
BTPN Syariah’s commitment to the best of
To ensure responsibility toward customers, its ability by resolving all complaints received
BTPN Syariah has implemented internal policies, while prioritizing consumer satisfaction and
including consumer protection and customer compliance with Internal Regulations and
data confidentiality policies, which are in Regulatory Provisions (BI/OJK). BTPN Syariah
accordance with the applicable regulations: continuously improves the consumer complaint
service mechanism, from infrastructure to the
1. Financial Services Authority Regulation staff handling consumer complaints. Effective
(POJK) Number 18/POJK.07/2018 concerning communication and understanding of consumer
Consumer Complaint Services in the Financial needs have ensured that complaints are resolved
Services Sector; on time, without exceeding the Service Level
2. POJK Number 31/POJK.07/2020 concerning Agreement (SLA) set by the regulator. With
the Implementation of Consumer and Public the implementation of POJK No. 22 of 2023,
Services in the Financial Services Sector by which includes a provision reducing the SLA for
the Financial Services Authority (OJK); Complaint Resolution from 20 working days to 10
3. Bank Indonesia Regulation (PBI) Number 7/6/ working days, the Consumer Complaint Handling
PBI/2005 concerning Transparency of Bank Unit has successfully continued to manage and
Product Information and Use of Customer resolve complaints on time.
Personal Data;
4. PBI Number 22/20/PBI/2020 concerning BTPN Syariah’s consumer complaint service can
Consumer Protection by Bank Indonesia; be accessed through contact channels, including
5. Regulation of the Board of Governors (PADG) Branch Offices, Functional Operational Offices
Number 23/17/PADG/2021 concerning throughout Indonesia, BTPN Syariah’s website,
Procedures for Consumer Protection by Bank and the BTPN Syariah Call Center at phone
Indonesia; number 1-500-300 or toll-free number 0-800-
6. POJK Number 6/POJK.07/2022 concerning 1500-300.
Consumer and Public Protection in the
Financial Services Sector; No fees are charged for any consumer complaint
7. POJK Number 22/2023 concerning Consumer handling process. Complaints are submitted
and Public Protection in the Financial Services directly through contact channels, recorded, and
Sector. resolved by the staff and officers at the contact
channel.
PT Bank BTPN Syariah Tbk
consumer complaint service mechanism 1. Complaints received through the contact
channel that require further investigation.
Consumer protection practices at BTPN Syariah 2. After being recorded by the PIC of the
refer to POJK No. 6/POJK.07/2022 & POJK No. contact channel, are forwarded to the UPPK
22 of 2023, where the Consumer Protection work unit. The UPPK then follows up on
and Community function at BTPN Syariah is the resolution of consumer complaints in
managed and coordinated by the Consumer accordance with the applicable policies and
Complaint Handling Unit (UPPK), under the procedures of BTPN Syariah.
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3. UPPK monitors to ensure that consumer complaints are resolved, whether they are received
through the PIC of the contact channel or via the OJK traceable application in the APPK (Consumer
Protection Portal Application).
4. On a regular basis, UPPK submits consolidated consumer complaint reports to the regulator in
accordance with applicable regulations.
consumer complaints [UPPK]
1. Throughout 2024, BTPN Syariah received a total of 6,495 incoming contacts, consisting of 18.6%
Requests, 77.7% Inquiries, and 3.7% Complaints.
2. The Consumer Complaint Resolution Statistics for 2024 are as follows:
resolved in progress
no products and services total complaints
total percentage total percentage
1 Mobile Banking 47 100.00% - - 47
2 Financing 172 100.00% - - 172
3 ATM 10 100.00% - - 10
4 Mitra Tepat 6 100.00% - - 6
5 Savings 3 100.00% - - 3
6 Internet Banking 2 100.00% - - 2
7 Current Account 1 100.00% - - 1
Total 241 241
All customer complaints can be resolved in accordance with the regulator’s SLA.
The period for receiving incoming contacts is from January to December 2024.
BTPN Syariah continues to make comprehensive improvements in handling customer complaints by
continually enhancing the infrastructure and complaint resolution processes as part of its commitment
to improving customer satisfaction.
Disclosure regarding BTPN Syariah’s Social and Environmental Responsibility and Governance is
presented in more detail in the 2024 Sustainability Report, which is separate from this Annual Report.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
496
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annual report 2024 | good corporate governance
access to
information
In line with BTPN Syariah’s commitment to prioritizing transparency, the bank provides access to
and facilitates information for stakeholders through various communication channels, such as press
releases, public exposes, and analyst briefings.Moreover, the Bank also provides information related to
products and services, office networks, financial reports, annual reports, corporate governance, DAYA
program, corporate actions, and various other activities through:
information channels address
www.btpnsyariah.com
website (Indonesian and English)
call center 1500300 (BTPN Syariah Call)
0-800-1500-300 (Toll Free)
corporate secretary email corsec@btpnsyariah.com
Corporate Communications Email corporatecommunications@btpnsyariah.com
Investor Relations Email InvestorRelations@btpnsyariah.com
information disclosure through the Bank’s website and www.btpnsyariah.com and www.idx.co.id
the Indonesia Stock Exchange
Press Release www.btpnsyariah.com and distribution through the media
Instagram @btpnsyariah
Instagram @bankirpemberdaya.btpns
Tiktok @btpnsyariah
social media
Facebook @btpnsyariah.id
Youtube @BTPNSyariah
Linkedin BTPN Syariah
PT Bank BTPN Syariah Tbk
497
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06
corporate social
responsibilities
As part of the global entity, BTPN Syariah
supports the efforts to achieve the
Sustainable Development Goals (SDGs).
Through financing accompanied by the
empowerment of inclusive communities, we
are committed to continuously striving to
transform the lives of millions of people in
Indonesia.
PTPT Bank
Bank BTPN
BTPN Syariah
Syariah Tbk
Tbk
498
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annual report 2024 | corporate social responsibilities
PT Bank BTPN Syariah Tbk
499
Page 501
social and environmental
responsibilities
BTPN Syariah fulfills its social and environmental 5. Individual Empowerment Program, this
responsibilities through programs integrated program involves intensive customer guidance
with its business model. By collaborating with according to the specific challenges and
various stakeholders, we focus on efforts to build business types of the customers to ensure
sustainable excellent behavior. their businesses are sustainable and growth.
The bank believes that sustainability is not just Through five activities tailored to the needs of
about business growth, but also about creating customers, BTPN Syariah ensures that the Daya
a real social impact, especially for millions of program helps customers build sustainable
productive women in the ultra-micro segment businesses. For effective mentoring, we enhance
who have long been underserved by formal the capacity of COs (Community Officers) who
financial services. In 2024, we distributed sharia- directly serve inclusive customers in the field.
based inclusive financing amounting to IDR 9.62 On average, training hours reached 12.38 hours
trillion across 2,650 sub-districts throughout per employee in 2024. We also ensure a more
Indonesia, with 23% of new customers making balanced work mechanism with technological
up the total. This effort is supported by Third- support to make it easier for COs to complete
Party Funds raised by the Bank from prosperous their daily tasks.
families, amounting to IDR 11.72 trillion, with
appropriate returns. The Bank also involves the broader community
through the Bestee platform in supporting
Access to this financing is accompanied by the development of customers’ businesses.
guidance through the Daya program. This This platform features facilitator recruitment,
program is a continuous capacity-building coordination activities, visit activities, and
training that covers health, entrepreneurship, and integrated documentation. Modules are prepared
environmental fields. Guidance within the Daya according to the types of businesses being
program is conducted through five activities assisted and are continuously refined to make
according to the stages of the customers: them easier for customers to understand. The
1. The bank organizes Mini Meetings to number of modules is also increasing.
introduce the Bank’s products and services to
prospective customers. As of December 31, 2024, we have built
2. Training for new customers over five days collaborations for empowerment between
in the Basic Membership Training (PDK) to the Bank, universities, students, and relevant
understand customers’ rights and obligations, ministries through the Kampus Merdeka
as well as to understand the excellent program, as well as with other third parties.
behaviors of Courage, Discipline, Hard Work, This mentoring program was followed by 2,133
and mutual assistance (BDKS). students in 2024, a 15% increase from 1,821
3. Regular Center Meetings held every two students in 2023. Each student participates in an
weeks to provide module-based training to intensive one-on-one mentoring program, such as
customer communities. assisting in marketing customers’ businesses via
4. Empowerment Programs for groups or sentra social media.
held every two weeks during the Regular
Sentra Meetings to provide modules related In Environmental Aspect, BTPN Syariah
to health, the environment, finance, and continues to strive to implement environmentally
Tbk
entrepreneurship. friendly banking practices through operational
Tbk
Syariah
efficiency and the application of responsible
Bank
PTPT BTPN
Bank Syariah
BTPN
500
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annual report 2024 | corporate social responsibilities
sharia principles. The digitalization of services This TJSL report adheres to OJK Regulation
is one of the main steps to reduce paper usage (POJK) Number 51/POJK.03/2017 regarding
and optimize more sustainable operations. the Implementation of Sustainable Finance for
Additionally, the bank encourages environmental Financial Services Institutions, Issuers, and Public
awareness among customers and communities, Companies.
including supporting ultra-micro businesses that
have a positive impact on the environment, such A more detailed explanation of BTPN Syariah’s
as businesses based on the circular economy and TJSL report is available in the 2024 Sustainability
eco-friendly products. Report, which is published alongside this 2024
Annual Report.
In accordance with the Financial Services
Authority (OJK) Circular Letter Number 16/
SEOJK.04/2021 regarding the Form and Content
of the Annual Report for Issuers or Public
Companies, we have submitted a separate social
and environmental responsibility (TJSL) report.
Neng Eva Sundari
Business Manager MMS Salawu - Tasikmalaya
Seeing customers who were once hesitant to start their businesses now
becoming more confident and disciplined is a source of pride for me as a
#bankirpemberdaya assisting financing customers. More than just disbursing
financing, we work together to build excellent behavior, applying the values
of professionalism, integrity, mutual respect, and cooperation (PRISMA) with
discipline.
We arrive on time, serve professionally and wholeheartedly, and become role
models for customers in building excellent behavior. It’s not always easy, but
when the sentra becomes more united and their businesses grow, I know this
is not just a job. It’s a conscious choice to become a #BankirPemberdaya,
accompanying inclusive communities to lead more meaningful lives.
PT Bank BTPN Syariah Tbk
501
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PT Bank BTPN Syariah Tbk
502
data
company
Page 504
annual report 2024 | financial report
PT Bank BTPN Syariah Tbk
503
Page 505
office
network
no office network address phone number
HEAD OFFICE
Menara SMBC lantai 12, CBD Mega Kuningan
1 Kantor Pusat Jl Dr Ide Anak Agung Gde Agung Kav. 5.5 – 5.6 021 30026400
Jakarta Selatan 12950
BRANCH OFFICE
Jl. Gatot Subroto Tengah No. 312, Kel. Tonja,
1 KC DENPASAR-DIPONEGORO 03612101097
Kec. Denpasar Timur, Kota Denpasar, Bali
Jl. Raya Darmo No.134, Kel. Darmo, Kec. Wonokromo,
2 KC SURABAYA 03135934060
Surabaya, Jawa Timur
Jl. Cik Di Tiro No. 6, RT 059 RW 12, Kel. Terban,
3 KC DI YOGYKARTA 02745059060
Kec. Gondokusuman, Yogjakarta
Jl. Radio dalam No 100, Gandaria Utara, Kebayoran
4 KC JAKARTA-PONDOK INDAH 02127099533
Baru, Jakarta Selatan
Jl. Sunda No 55 - 61, Kelurahan Kebon Pisang,
5 KC BANDUNG-SUNDA 0224234241
Kecamatan Sumur Bandung, Kota Bandung
KC BANDA ACEH- Jl. Sri Ratu Safiatuddin No 43, Kel. Peunayong,
6 065121276
SAFIATUDDIN Kec. Kuta Alam, Banda Aceh
7 KC SEMARANG-PAMULARSIH Jl. Pamularsih No. 17 Semarang 0247622280
Menara Kadin Indonesia, Jl. HR. Rasuna Said Blok X-5
8 KC JAKARTA-MENARA KADIN 0215274601
Kav 2 & 3, Jakarta 12950
KC PALEMBANG-LETKOL
9 Jl. Letkol Iskandar No 29, Kampung 24 Ilir 0711373595
ISKANDAR
KC LAMPUNG-JENDRAL Jl. Jendral Sudirman No 55, Kel. Rawa Laut,
10 0721242941
SUDIRMAN Kec. Tanjung Karang Timur, Kota Bandar Lampung
11 KC PADANG-SUDIRMAN Jl. Sudirman No 42, Kel. Jati Baru, Padang 07518955993
KC MEDAN-MAYJEN S.
12 Jl. Mayor Jendral S. Parman No A6 & A7, Medan 06142002552
PARMAN
Jl. W. J. Lalamentik RT.013 RW.005, Kel. Oebobo, Kec.
PT Bank BTPN Syariah Tbk
13 KC KUPANG-OEBOBO 0380821487
Oebobo, Kota Kupang, Prop. Nusa Tenggara Timur
KC BANJARMASIN-LAMBUNG Jl. Lambung Mangkurat No 40, Kel. Kertak Baru Ilir, Kec.
14 0511327662
MANGKURAT Banjarmasin Tengah, Banjarmasin, Kalsel
KC MAKASSAR-GN. Jl. Gn. Latimojong No 05 RT 001/RW001, Kel. Gaddong,
15 04118005500
LATIMOJONG Kec. Bantoala, Kota Makassar
504
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annual report 2024 | financial report
no office network address phone number
FUNCTIONAL OFFICE OPERATIONAL
Dusun Pangadangan, RT 016 RW 006 Desa Rancasari
1 KFO PAMANUKAN 02607772538
Kecamatan Pamanukan Kabupaten Subang
JL Taman Pahlawan No.54,RT.23/RW.03,Nagri kaler,Kec.
2 KFO PURWAKARTA 02642757642
Purwakarta, Kab Purwakarta,Jabar
3 KFO PATI Jl. Panglima Sudirman No.81 Pati - Jawa Tengah 02955162030
Jl. Polda Kp.Mayabon RT.02/RW.06 Kel. Banjarsari Kec.
4 KFO RANGKASBITUNG 02548600055
Cipocok Kota Serang, Banten
Jl. PB Soedirman No. 39, Kel. Penganjuran, Kec.
5 KFO GENTENG 03332821031
Banyuwangi Kab. Banyuwangi, Jawa Timur
JL. Perdana Ruko Perdana Square Blok E 16 Kel. Parit
6 KFO PONTIANAK 05615888005
Tokaya, Kec. Pontianak Sel, Kota Pontianak
Jl. Letjen Suprapto, Ruko Century No 7, RT 058, Kel.
7 KFO SAMARINDA 05412461062
Sidodadi, Kec.Samarinda Ulu, Kota Samarinda
Jl. Dr. Wahidin Sudirohusodo No.72, Sukapura, Kec.
8 KFO CIREBON 02312520561
Kejaksan, Kota Cirebon, Jawa Barat
KFO JAWA BARAT-CIAWI Jl. Pataruman no 6 blok 7, Desa Yudanegara, Kec.
9 02653199039
TASIK Cihideung Tasikmalaya, Jawa Barat
Jl. Raya Pajajaran No.63, RT. 03 RW. 13, Bantarjati, Kec.
10 KFO DRAMAGA 02512000072
Bogor Utara, Kota Bogor, Jawa Barat
11 KFO KEPANJEN Jl. Jaksa Agung Suprapto No 63, Malang 03413018123
12 KFO GUNUNG PUYUH Jl. R.E Martadinata 51 Sukabumi Jawa Barat 02666244126 / 7
Jl. Flores Baru RT.02 RW.04, Kel. Kudaile, Kec. Slawi,
13 KFO TEGAL-KUDAILE 02834562195
Kab. Tegal. Jawa Tengah
Jl. Selaparang, Lingk.Sweta Timur, Kel.Mayura, Kec.
14 KFO MATARAM-SELAPARANG 03706173949
Cakranegara, Kota Mataram, Nusa Tenggara Barat
PT Bank BTPN Syariah Tbk
15 KFO PEKANBARU-TAMBUSAI Jl. Tuanku Tambusai No 320, Pekanbaru, Riau 076131422
16 KFO KENDARI-SAO SAO Jl. Sao-Sao No. 207, Kota Kendari 04013193746
KFO PALANGKARAYA-TJILIK Jl. Tjilik Riwut KM.2, Kel. Palangka, Kec. Jekan Raya,
17 05364200408
RIWUT Kota Palangkaraya, Prop. Kalimantan Tengah
505
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no office network address phone number
KFO JAMBI-ORANG KAYO Jl. Orang Kayo Pingai No 43 A RT 09, Kelurahan Talang
18 074135888
PINGAI Banjar, Kecamatan Jambi Timur, Jambi
KFO PEKALONGAN-TANJUNG Jl. Mandurorejo RT. 001 RW. 001, Ds. Tanjung Kulon, Kec.
19 02853830041
KULON Pekalongan, Kab. Pekalongan, Jawa Tengah
Ruko Salatiga Regency, Jl. Fatmawati No 188, Kel.
20 KFO SIDOREJO 2986031903
Blotongan, Kec. Sidorejo, Kota Salatiga
Jl. Jend. Sudirman Barat No. 89, Kel. Bantarsoka, Kec.
21 KFO PURWOKERTO 02816512117
Purwokerto Barat, Kab. Banyumas, Jawa Tengah
Jl. Siliwangi No. 123, RT 01 RW.17, Kel. Cibadak, Kec.
22 KFO CIBADAK 02667160007
Cibadak, Kab. Sukabumi, Propinsi Jawa Barat
Jl. Raya Kadungora No 197, Kamp. Sukamaju, Ds.
23 KFO SUKAMAJU 0262454462
Kadungora, Kec. Kadungora, Kab. Garut, Jawa Barat
Jl. Panglima Besar Sudirman No 26, Ds. Tanggul Wetan,
24 KFO BALUNG 0336445466
Kec. Tanggul, Kab. Jember, Jawa Timur
Jl. Trunojoyo No.214, Komp. Pertokoan Raden Arya
25 KFO SUMENEP 03286771037
Wiraraja Blok 1, Ds. Kolor, Kota Sumenep, Sumenep
Jl. Batoro Katong No. 73, Kel. Cokromenggalan, Kec.
26 KFO PONOROGO 3523592002
Ponorogo, Kab. Ponorogo, Jawa Timur
Jl. Yusuf Singedekane, Kel. Jua-jua, Kec. Kota Kayu
27 KFO KAYU AGUNG 0712321377
Agung, Kab. Ogan Komiring Ilir, Sumatera Selatan
Jl. Jend. Ahmad Yani 67 D/E, Kel. Pringsewu Utara, Kec.
28 KFO PRINGSEWU 072924599
Pringsewu, Kab. Pringsewu, Provinsi Lampung
Jl. Kartini, Kel. Perdagangan I, Kec. Bandar, Kab.
29 KFO LIMA PULUH 0622697879
Simalungun, Sumatera Utara
Jl. Sultan Hasanudin, RT.06 RW.02, Kel. Paruga, Kec.
30 KFO BIMA 03746648687
Rasane Barat, Kota Bima, Nusa Tenggara Barat
FUNCTIONAL OFFICE NON OPERATIONAL
Jl. Khatib Sulaiman, No. 45, Kel. Lolong Belantih, Kec.
KFNO PADANG 07514680011
PT Bank BTPN Syariah Tbk
Padang Barat, Kota Padang
1,542 Mobile Functional Offices located spread across Indonesia
506
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PT Bank BTPN Syariah Tbk
507
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PT Bank BTPN Syariah Tbk
508
report
financial
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annual report 2024 | financial report
PT Bank BTPN Syariah Tbk
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this page is intentionally left blank
Page 512
PT BANK BTPN SYARIAH Tbk DAN ENTITAS ANAK/AND SUBSIDIARY LAPORAN KEUANGAN KONSOLIDASIAN/ CONSOLIDATED FINANCIAL STATEMENTS TAHUN BERAKHIR 31 DESEMBER 2024/ YEAR ENDED 31 DECEMBER 2024
Page 513
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
HAL/
ISI PAGE CONTENTS
SURAT PERNYATAAN DIREKSI DIRECTORS‘ STATEMENT
LAPORAN KEUANGAN KONSOLIDASIAN CONSOLIDATED FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024: YEAR ENDED 31 DECEMBER 2024:
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENTS OF
KONSOLIDASIAN ---------------------------------------- 1-3 ------------------------------ FINANCIAL POSITION
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENTS OF
KOMPREHENSIF LAIN PROFIT OR LOSS AND
KONSOLIDASIAN --------------------------------------- 4-5 ---------- OTHER COMPREHENSIVE INCOME
LAPORAN PERUBAHAN EKUITAS CONSOLIDATED STATEMENTS OF
KONSOLIDASIAN ---------------------------------------- 6 ------------------------------ CHANGES IN EQUITY
LAPORAN ARUS KAS CONSOLIDATED STATEMENTS
KONSOLIDASIAN ---------------------------------------- 7-8 ------------------------------------ OF CASH FLOWS
LAPORAN REKONSILIASI CONSOLIDATED STATEMENTS OF
PENDAPATAN DAN RECONCILIATION OF INCOME AND
BAGI HASIL KONSOLIDASIAN ---------------------- 9 -------------------------------- REVENUE SHARING
CONSOLIDATED STATEMENTS OF
LAPORAN SUMBER DAN PENYALURAN DANA SOURCES AND DISTRIBUTION OF
ZAKAT KONSOLIDASIAN ----------------------------- 10 ---------------------------------------- ZAKAT FUNDS
CONSOLIDATED STATEMENTS OF
LAPORAN SUMBER DAN PENGGUNAAN DANA SOURCES AND USES OF
KEBAJIKAN KONSOLIDASIAN ----------------------- 11 ------------------------ QARDHUL HASAN FUNDS
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN ---------------------------------------- 12 - 100 ----------------------- FINANCIAL STATEMENTS
SUPPLEMENTARY FINANCIAL
INFORMASI KEUANGAN TAMBAHAN ----------------- 101 - 111 -----------------------------------INFORMATION
LAPORAN AUDITOR INDEPENDEN INDEPENDENT AUDITORS’ REPORT
PT Bank BTPN Syariah Tbk
512
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81 PN Syar:ah
Menoro SMBC I Lontoi 12
CBD Mega Kumngon
syariah
JI Or de Anok Agung Gde Agung Kov 5 5-5 6
Ja�orta Selotan 12950
,, ,62 21 2556-7200, •62 21 3002-6400
f ,62 21 252-0356
No : SPN. 004/DIR/FCA/11/2025
SURAT PERNYATAAN DIREKSI TENTANG BOARD OF DIRECTORS' STATEMENTS REGARDING
TANGGUNG JAWAB ATAS THE RESPONSIBILITY FOR
LAPORAN KEUANGAN KONSOLIDASIAN TAHUN THE CONSOLIDATED FINANCIAL STATEMENTS
BERAKHIR 31 DESEMBER 2024 YEARS ENDED 31 DECEMBER 2024
PT BANK BTPN SYARIAH Tbk DAN ENTITAS ANAK PT BANK BTPN SYARIAH Tbk AND SUBSIDIARY
Kami, yang bertanda tangan dibawah ini: We, the undersigned:
1. Nama Hadi Wibowo 1. Name : Hadi Wibowo
Alamat Kantor Menara SMBC Office Address : Menara SMBC
CBD Mega Kuningan Lantai 12 CBD Mega Kuningan Lantai 12
Jalan Dr. Ide Anak Agung Gde Agung Jalan Dr. Ide Anak Agung Gde Agung
Kav 5.5 - 5.6, Kuningan Kav 5. 5- 5. 6, Kuningan
Jakarta Selatan, 12950 Jakarta Selatan, 12950
Alamat Rumah Residential :
Address
Nomor Telepon : (021) 30026400 Telephone : (021) 30026400
Jabatan Direktur Utama Title : President Director
2. Nama Fachmy Achmad 2. Name : Fachmy Achmad
Alamat Kantor Menara SMBC Office Address : Menara SMBC
CBD Mega Kuningan Lantai 12 CBD Mega Kuningan Lantai 12
Jalan Dr. Ide Anak Agung Gde Agung Jalan Dr. Ide Anak Agung Gde Agung
Kav 5.5- 5.6, Kuningan Kav 5.5- 5.6, Kuningan
Jakarta Selatan, 12950 Jakarta Selatan, 12950
Alamat Rumah Residential :
Address
Nomor Telepon (021) 30026400 Telephone : (021) 30026400
Jabatan Direktur Title : Director
Menyatakan bahwa: Declare that:
1. Kami bertanggung jawab atas penyusunan dan penyajian 1. We are responsible for the preparation and presentation
laporan keuangan konsolidasian PT BANK BTPN of the consolidated financial statements of PT BANK
SYARIAH Tbk dan Entitas Anak; BTPN SYARIAH Tbk and Subsidiary;
2. Laporan keuangan konsolidasian PT BANK BTPN 2. The consolidated financial statements of PT BANK BTPN
SYARIAH Tbk dan Entitas Anak telah disusun dan SYARIAH Tbk and Subsidiary have been prepared and
disajikan sesuai dengan Standar Akuntansi Keuangan di presented in accordance with Indonesian Financial
Indonesia; Accounting Standards;
3. a. Semua informasi dalam laporan keuangan 3. a. All information in the consolidated financial
konsolidasian PT BANK BTPN SYARIAH Tbk dan statements of PT BANK BTPN SYARIAH Tbk and
Entitas Anak telah dimuat secara lengkap dan benar; Subsidiary have been disclosed in a complete and
truthful manner;
b. Laporan keuangan konsolidasian PT BANK BTPN b. The consolidated financial statements of PT BANK
SYARIAH Tbk dan Entitas Anak tidak mengandung BTPN SYARIAH Tbk and Subsidiary do not contain
informasi atau fakta material yang tidak benar, dan any 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 PT BANK BTPN SYARIAH Tbk
internal dalam PT BANK BTPN SYARIAH Tbk dan and Subsidiary's internal control system.
Entitas Anak.
Demikian pernyataan ini dibuat dengan sebenarnya. Thus this statement is made truthfully.
-'1 4
JAKARTA,
1 Februari/February 2025 \k
PT Bank BTPN Syariah Tbk
Atas nama dan mewakili Dewan Direksi/ For and on behalf of the Board of Directors
Hadi Wibowo .... ,, K A '
\\ •• '" Fachmy Achmad
Direktur Utama/President Director Direktur/Director
513
ww\v.btpnsyanah.com
Page 515
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
31 DESEMBER 2024 DAN 2023 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2024 2023
ASET ASSETS
Kas 5 592,911) 497,153) Cash
Giro dan penempatan pada Bank Current accounts and placements with
Indonesia 3b,3j,6 1,669,329) 763,443) Bank Indonesia
Giro pada bank-bank lain Current accounts with other banks
- Pihak ketiga 3,675) 3,655) Third parties -
- Pihak berelasi 3v,7,39 1,281) 3,464) Related party -
3c,3j,7 4,956) 7,119)
Penempatan pada bank-bank lain 3d,8 247,000) 238,000) Placements with other banks
Investasi pada surat berharga 8,901,904) 8,571,244) Investments in marketable securities
Pendapatan yang akan diterima dari Accrued income from investments in
investasi pada surat berharga 147,387) 75,512) marketable securities
3e,3j,9 9,049,291) 8,646,756)
Piutang murabahah
setelah dikurangi pendapatan marjin Murabahah receivables
yang ditangguhkan sebesar net deferred margin income of
31 Desember 2024: Rp 2.319.756 dan 31 December 2024: Rp 2,319,756 and
31 Desember 2023: Rp 2.776.708 31 December 2023: Rp 2,776,708
- Pihak ketiga 9,641,128) 11,367,662) Third parties -
Pendapatan yang akan diterima dari Accrued income from murabahah
piutang murabahah 102,147) 164,890) receivables
Dikurangi: Cadangan kerugian
penurunan nilai 3g (924,220) (1,213,542) Less: Allowance for impairment losses
3f,3j,10 8,819,055) 10,319,010)
Pinjaman qardh - pihak ketiga 64) 530) Funds of qardh - third parties
Dikurangi: Cadangan kerugian
penurunan nilai (2) (177) Less: Allowance for impairment losses
3h,3j 62) 353)
Pembiayaan musyarakah - pihak ketiga 530,567) 19,669) Musyarakah financing - third parties
Dikurangi: Cadangan kerugian
penurunan nilai (52) (197) Less: Allowance for impairment losses
3i,3j,11 530,515) 19,472)
Beban dibayar dimuka 12 41,930) 48,012) Prepayments
Aset tetap 1,108,761) 1,082,143) Fixed assets
Dikurangi: Akumulasi penyusutan (773,706) (705,901) Less: Accumulated depreciation
3k,3u,13 335,055) 376,242)
Aset takberwujud 445,851) 383,607) Intangible assets
Dikurangi: Akumulasi amortisasi (232,898) (172,863) Less: Accumulated amortization
3k,14 212,953) 210,744)
Aset pajak tangguhan 3t,19f 226,709) 273,592) Deferred tax assets
Aset lain-lain - bersih 3l,15 17,814) 35,470) Other assets - net
JUMLAH ASET 21,747,580) 21,435,366) TOTAL ASSETS
PT Bank BTPN Syariah Tbk
Lihat Catatan atas Laporan Keuangan Konsolidasian, yang See Notes to the Consolidated Financial Statements, which form an
merupakan bagian tidak terpisahkan dari laporan keuangan integral part of these consolidated financial statements.
konsolidasian.
1
514
Page 516
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
31 DESEMBER 2024 DAN 2023 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2024 2023
LIABILITAS, DANA SYIRKAH TEMPORER, LIABILITIES, TEMPORARY SYIRKAH FUNDS
DAN EKUITAS AND SHAREHOLDERS’ EQUITY
LIABILITAS LIABILITIES
Liabilitas segera 3j,3m,16 22,963) 29,345) Liabilities due immediately
Bagi hasil yang belum dibagikan 3j,3q,17 18,825) 21,951) Undistributed revenue sharing
Simpanan nasabah Deposits from customers
- Pihak ketiga Third parties -
Giro wadiah 6,792) 24,009) Wadiah demand deposits
Tabungan wadiah 2,117,674) 2,197,488) Wadiah saving deposits
- Pihak berelasi 3v,39 Related parties -
Tabungan wadiah 615) 500) Wadiah saving deposits
3j,3n,18 2,125,081) 2,221,997)
Utang pajak Taxes payable
- Pajak penghasilan badan 19e 17,409) 34,851) Corporate income tax -
- Pajak lainnya 13,144) 16,050) Other taxes -
3t,19a 30,553) 50,901)
Surat berharga yang diterbitkan 3j, 20 200,000) -) Securities issued
Liabilitas sewa 3j,3u 25,298) 53,792) Lease liabilities
Liabilitas lain-lain 3j,21 88,863) 62,569) Other liabilities
Akrual 3j,22 70,921) 67,568) Accruals
3s,3v,38,
Liabilitas imbalan kerja karyawan 39 249,130) 229,290) Employee benefits liabilities
JUMLAH LIABILITAS 2,831,634) 2,737,413) TOTAL LIABILITIES
DANA SYIRKAH TEMPORER TEMPORARY SYIRKAH FUNDS
Bukan bank Non-bank
Tabungan mudharabah Mudharabah saving deposits
- Pihak ketiga 972,327) 887,890) Third parties -
- Pihak berelasi 3v,39 4,295) 2,064) Related parties -
3o,23 976,622) 889,954)
Deposito mudharabah Mudharabah time deposits
- Pihak ketiga 8,593,793) 8,997,932) Third parties -
- Pihak berelasi 3v,39 28,937) 32,934) Related parties -
3o,24 8,622,730) 9,030,866)
JUMLAH DANA SYIRKAH TEMPORER 9,599,352) 9,920,820) TOTAL TEMPORARY SYIRKAH FUNDS
PT Bank BTPN Syariah Tbk
Lihat Catatan atas Laporan Keuangan Konsolidasian, yang See Notes to the Consolidated Financial Statements, which form an
merupakan bagian tidak terpisahkan dari laporan keuangan integral part of these consolidated financial statements.
konsolidasian.
2
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
31 DESEMBER 2024 DAN 2023 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2024 2023
EKUITAS SHAREHOLDERS’ EQUITY
Modal saham Share capital
Modal dasar - 27.500.000.000 saham Authorized - 27,500,000,000 shares
Modal ditempatkan dan disetor penuh - Issued and fully paid capital -
7.703.700.000 saham 25 770,370) 770,370) 7,703,700,000 shares
Tambahan modal disetor 3x,25 846,440) 846,440) Additional paid-in capital
Cadangan revaluasi aset 3k 13,053) 5,239) Asset revaluation reserve
Keuntungan yang belum direalisasi atas
investasi pada surat berharga yang Unrealized gains on investments in
diklasifikasikan sebagai diukur pada nilai marketable securities classified as
wajar melalui penghasilan komprehensif measured as fair value through other
lain - bersih 3e,9a 335) 143) comprehensive income - net
Saldo laba Retained earnings
- Dicadangkan 26,27 145,000) 125,000) Appropriated -
- Belum dicadangkan 7,521,787) 7,011,434) Unappropriated -
7,666,787) 7,136,434)
Komponen ekuitas lainnya 20,916) 20,916) Other equity components
Saham tresuri 3aa (4,320) (5,538) Treasury shares
Kepentingan non-pengendali 3a 3,013) 3,129) Non-controlling interest
JUMLAH EKUITAS 9,316,594) 8,777,133) TOTAL EQUITY
JUMLAH LIABILITAS, DANA SYIRKAH TOTAL LIABILITIES, TEMPORARY
TEMPORER, DAN EKUITAS 21,747,580) 21,435,366) SYIRKAH FUNDS AND EQUITY
PT Bank BTPN Syariah Tbk
Lihat Catatan atas Laporan Keuangan Konsolidasian, yang See Notes to the Consolidated Financial Statements, which form an
merupakan bagian tidak terpisahkan dari laporan keuangan integral part of these consolidated financial statements.
konsolidasian.
3
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN AND OTHER COMPREHENSIVE INCOME
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2024 2023
Pendapatan pengelolaan dana oleh Bank Income from fund management by the Bank
sebagai mudharib as mudharib
Pendapatan dari jual beli - marjin Income from sales and purchases -
murabahah 3p 4,816,480) 5,299,422) murabahah margin
Pendapatan dari piutang lainnya -) 182) Income from other receivables
Pendapatan bagi hasil - pembiayaan Revenue from profit sharing -
musyarakah 3p 13,330) 4,727) musyarakah financing
Pendapatan usaha utama lainnya 28 568,567) 441,851) Other main operating income
5,398,377) 5,746,182)
Hak pihak ketiga atas bagi hasil dana syirkah Third parties’ shares on return of temporary
temporer 3q,3v,29,39 (504,104) (486,433) syirkah funds
Hak bagi hasil milik Bank 4,894,273) 5,259,749) Bank’s share in profit sharing
PENDAPATAN OPERASIONAL LAINNYA 3r,30 43,725) 60,949) OTHER OPERATING INCOME
BEBAN OPERASIONAL LAINNYA 3r OTHER OPERATING EXPENSES
Beban tenaga kerja 3r,3v,31,39 (1,465,273) (1,362,405) Personnel expenses
Beban umum dan administrasi 32, 48 (695,040) (642,972) General and administrative expenses
Pembentukan cadangan kerugian penurunan
nilai 3g,33 (1,359,766) (1,898,117) Provision for allowance for impairment losses
Beban operasional lainnya 34, 48 (67,264) (38,135) Other operating expenses
(3,587,343) (3,941,629)
PENDAPATAN OPERASIONAL BERSIH 1,350,655 1,379,069) NET OPERATING INCOME
Pendapatan non-operasional - bersih 35 2,541) 825) Non-operating income - net
LABA SEBELUM PAJAK PENGHASILAN 1,353,196) 1,379,894) INCOME BEFORE INCOME TAX
BEBAN PAJAK PENGHASILAN INCOME TAX EXPENSE
- Kini 3t,19b (247,880) (411,468) Current -
- Tangguhan 3t,19b (44,156) 112,162) Deferred -
(292,036) (299,306)
LABA BERSIH TAHUN BERJALAN 1,061,160) 1,080,588) NET INCOME FOR THE YEAR
PT Bank BTPN Syariah Tbk
Lihat Catatan atas Laporan Keuangan Konsolidasian, yang See Notes to the Consolidated Financial Statements, which form an
merupakan bagian tidak terpisahkan dari laporan keuangan integral part of these consolidated financial statements.
konsolidasian.
4
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN AND OTHER COMPREHENSIVE INCOME
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/ OPERATING INCOME
Notes 2024 2023
PENGHASILAN KOMPREHENSIF LAIN: OTHER COMPREHENSIVE INCOME:
Pos yang tidak akan direklasifikasi ke laba Items that would never be reclassified to
rugi profit or loss .
Revaluasi aset tetap 3k, 13 7,814) -) Revaluation of fixed assets
Pengukuran kembali liabilitas imbalan kerja Remeasurement of employee
karyawan 3s,38 12,146) (688) benefits liabilities
Pajak penghasilan terkait 3t,19f (2,672) 58) Related income tax
17,288) (630)
Items that will be reclassified to profit
Pos yang akan direklasifikasi ke laba rugi or loss
Keuntungan yang belum direalisasi atas
investasi pada surat berharga yang Unrealized gains on investments in
diklasifikasikan sebagai diukur pada nilai marketable securities classified as
wajar melalui penghasilan komprehensif measured at fair value through other
lain 9a 247) 102) comprehensive income
Pajak penghasilan terkait 3t,19f (55) (22) Related income tax
192) 80)
Penghasilan komprehensif lain tahun Other comprehensive income
berjalan, setelah pajak penghasilan 17,480) (550) for the year, net of income tax
JUMLAH LABA KOMPREHENSIF TAHUN
BERJALAN, SETELAH PAJAK TOTAL COMPREHENSIVE INCOME FOR
PENGHASILAN 1,078,640) 1,080,038) THE YEAR, NET OF INCOME TAX
LABA BERSIH YANG DIATRIBUSIKAN NET PROFIT ATTRIBUTABLE
KEPADA : TO :
Pemilik entitas induk 1,061,276) 1,080,499) Owners of the parent
Kepentingan non-pengendali (116) 89) Non-controlling interest
1,061,160) 1,080,588)
JUMLAH LABA KOMPREHENSIF YANG TOTAL COMPREHENSIVE INCOME
DIATRIBUSIKAN KEPADA : ATTRIBUTABLE TO :
Pemilik entitas induk 1,078,756) 1,079,949) Owners of the parent
Kepentingan non-pengendali (116) 89) Non-controlling interest
1,078,640) 1,080,038)
LABA BERSIH PER SAHAM BASIC/DILUTED EARNINGS PER SHARE
DASAR/DILUSIAN (NILAI PENUH) 3w,37 138) 140) (FULL AMOUNT)
PT Bank BTPN Syariah Tbk
Lihat Catatan atas Laporan Keuangan Konsolidasian, yang See Notes to the Consolidated Financial Statements, which form an
merupakan bagian tidak terpisahkan dari laporan keuangan integral part of these consolidated financial statements.
konsolidasian.
5
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PT Bank BTPN Syariah Tbk
519
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Keuntungan/ kerugian
yang belum direalisasi
atas investasi pada
surat berharga yang
diklasifikasikan
sebagai diukur pada
nilai wajar melalui
penghasilan
komprehensif lain/
Unrealized gains/
losses on investments
Modal saham Tambahan in marketable Saldo laba Kepentingan
ditempatkan modal Cadangan securities classified as yang Saldo laba yang Komponen non-
dan disetor disetor/ revaluasi measured at fair value dicadangkan/ belum Saham ekuitas pengendali/
penuh/Issued Additional aset/Asset through other Appropriated dicadangkan/ tresuri/ lainnya/ Non-
Catatan/ and fully paid paid-in revaluation comprehensive retained Unappropriated Treasury Other equity controlling Jumlah ekuitas/
Notes capital capital reserve income earnings retained earnings shares components interest Total equity
Saldo pada tanggal 1 Januari 2023 770,370) 846,440) 5,239) 63)) 105,000) 6,664,100)) (7,173) 20,916) 3,040) 8,407,995)) Balance as of 1 January 2023
Pembayaran dividen dari laba bersih Payments of dividend from 2022
tahun 2022 27 -) -) -) -) -) (712,535) -) -) -) (712,535) net income
Pembentukan cadangan wajib 26 -) -) -) -) 20,000) (20,000) -) -) -) -) Appropriation for legal reserve
Laba bersih tahun berjalan -) -) -) -) -) 1,080,499) -) -) 89) 1,080,588) Net profit for the year
Penghasilan komprehensif lain: Other comprehensive income:
Penilaian kembali liabilitas imbalan Remeasurement of employee
kerja karyawan 3s,38 -) -) -) -) -) (688) -) -) -) (688) benefits liabilities
Investasi pada surat berharga yang Investments in marketable
diklasifikasikan sebagai diukur securities classified as
pada nilai wajar melalui measured at fair value through
penghasilan komprehensif lain 3e,9a -) -) -) 102) -) -) -) -) -) 102) other comprehensive income
Pajak penghasilan terkait 3t,19f -) -) -) (22) -) 58) -) -) -) 36) Related income tax
Pembayaran kompensasi dari Payments of compensation from
saham tresuri 3aa -) -)) -) -) - -) 1,635) -) -) 1,635) treasury shares
Saldo pada tanggal 31 Desember 2023 770,370) 846,440) 5,239) 143) 125,000) 7,011,434) (5,538) 20,916) 3,129)) 8,777,133) Balance as of 31 December 2023
Pembayaran dividen dari laba bersih Payments of dividend from 2023
tahun 2023 27 -) -) -) -) -) (540,397) -) -) -) (540,397) net income
Pembentukan cadangan wajib 26 -) -) -) -) 20,000) (20,000) -) -) -) -) Appropriation for legal reserve
Laba bersih tahun berjalan -) -) -) -) -) 1,061,276) -) -) (116) 1,061,160) Net profit for the year
Penghasilan komprehensif lain: Other comprehensive income:
Revaluasi aset tetap 3k, 13 -) -) 7,814) -) -) -) -) -) -) 7,814) Revaluation of fixed assets
Investasi pada surat berharga yang Investments in marketable
diklasifikasikan sebagai diukur securities classified as
pada nilai wajar melalui measured at fair value through
penghasilan komprehensif lain 3e,9a -) -) -) 247) -) -) -) -) -) 247) other comprehensive income
Penilaian kembali liabilitas imbalan Remeasurement of employee
kerja karyawan 3s,38 -) -) -) -) -) 12,146) -) -) -) 12,146) benefits liabilities
Pajak penghasilan terkait 3t,19f -) -) -) (55) -) (2,672) -) -) -) (2,727) Related income tax
Pembayaran kompensasi dari -) -) -) -) -) -) 1,218) -) -) 1,218) Payments of compensation from
saham tresuri 3aa treasury shares
Saldo pada tanggal 31 Desember 2024 770,370) 846,440) 13,053) 335) 145,000) 7,521,787) (4,320) 20,916) 3,013) 9,316,594) Balance as of 31 December 2024
Lihat Catatan atas Laporan Keuangan Konsolidasian, yang merupakan bagian tidak terpisahkan dari See Notes to the Consolidated Financial Statements, which form an integral part of
laporan keuangan konsolidasian. these consolidated financial statements.
6
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CASH FLOWS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2024 2023
ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIES
Penerimaan pendapatan dari pengelolaan dana 5,389,246) 5,709,497) Receipts of income from fund management
Pembayaran bagi hasil dana syirkah temporer (507,229) (483,478)Payments of profit sharing for temporary syirkah funds
Penerimaan pendapatan administrasi 8,073) 4,990) Receipts of administrative income
Penerimaan dari piutang murabahah yang Receipts from recovery of written-off
dihapusbukukan 87,903) 104,244) murabahah receivables
Pembayaran beban tenaga kerja (1,424,259) (1,318,775) Payments of personnel expenses
Pembayaran beban usaha lainnya (2,162,915) (2,001,983) Payments of other operating expenses
Pembayaran terkait pendapatan (beban) non- Payments related with non-operating income
operasional - bersih (1,596) (2,018) (expenses) - net
Pembayaran pajak penghasilan badan (265,322) (420,516) Payments of corporate income tax
Arus kas sebelum perubahan dalam aset dan Cash flows before changes in operating assets
liabilitas operasi 1,123,901) 1,591,961) and liabilities
Perubahan dalam aset operasi, liabilitas operasi Changes in operating assets, operating
dan dana syirkah temporer: liabilities and temporary syirkah funds:
Penurunan (kenaikan) aset operasi: Decrease (increase) in operating assets:
Piutang murabahah 1,726,534) 96,010) Murabahah receivables
Pembiayaan musyarakah (510,898) 40,606) Musyarakah financing
Pinjaman qardh 466) 2,986) Funds of qardh
Aset lain-lain (22,099) (25,560) Other assets
Kenaikan (penurunan) liabilitas operasi: Increase (decrease) in operating liabilities:
Liabilitas segera (6,382) (9,083) Liabilities due immediately
Simpanan nasabah (96,916) 16,729) Deposits from customers
Liabilitas lain-lain (47,598) (12,098) Other liabilities
(Penurunan) kenaikan (Decrease) increase in
dana syirkah temporer (321,468) 77,559) temporary syirkah funds
Arus kas bersih diperoleh dari aktivitas Net cash flows provided from operating
operasi 1,845,540) 1,779,110) activities
ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIES
Hasil penjualan aset tetap 13 4,360) 2,394) Proceeds from sale of fixed assets
Pembelian aset tetap (81,062) (110,068) Purchase of fixed assets
Pembelian aset takberwujud 14 (62,244) (100,053) Purchase of intangible assets
Pembelian surat berharga (7,595,904) (10,616,855) Purchase of marketable securities
Penjualan surat berharga 5,613,377) 9,974,731) Sale of marketable securities
Arus kas bersih digunakan untuk aktivitas
investasi (2,121,473) (849,851) Net cash flows used in investing activities
ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIES
Penerbitan surat berharga yang diterbitkan 200,000) -) Issuance of securities issued
Pembayaran dari pinjaman yang diterima -) (100,000) Payments from borrowings
Pembayaran dividen (525,231) (681,151) Payments of dividend
Pembayaran pajak dividen (15,166) (31,384) Payments of tax on dividend
Arus kas bersih digunakan untuk aktivitas
pendanaan (340,397) (812,535) Net cash flows used in financing activities
PT Bank BTPN Syariah Tbk
Lihat Catatan atas Laporan Keuangan Konsolidasian, yang See Notes to the Consolidated Financial Statements, which form an
merupakan bagian tidak terpisahkan dari laporan keuangan integral part of consolidated these financial statements.
konsolidasian.
7
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CASH FLOWS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2024 2023
(PENURUNAN) KENAIKAN BERSIH KAS DAN NET (DECREASE) INCREASE IN CASH AND
SETARA KAS (616,330) 116,724) CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS AT
KAS DAN SETARA KAS PADA AWAL TAHUN 4,260,715) 4,143,991) BEGINNING OF THE YEAR
CASH AND CASH EQUIVALENTS AT
KAS DAN SETARA KAS PADA AKHIR TAHUN 3,644,385) 4,260,715) END OF THE YEAR
Kas dan setara kas terdiri dari: Cash and cash equivalents consist of:
Kas 5 592,911) 497,153) Cash
Giro pada Bank Indonesia 6 669,329) 663,443) )Current accounts with Bank Indonesia
Giro pada bank-bank lain 7 4,956) 7,119) Current accounts with other banks
Penempatan pada Bank Indonesia 6 1,000,000) 100,000) Placements with Bank Indonesia
Penempatan pada bank-bank lain 8 247,000) 238,000) Placements with other banks
Investasi pada surat berharga 9h 1,130,189) 2,755,000) Investments in marketable securities
3,644,385) 4,260,715)
PT Bank BTPN Syariah Tbk
Lihat Catatan atas Laporan Keuangan Konsolidasian, yang See Notes to the Consolidated Financial Statements, which form an
merupakan bagian tidak terpisahkan dari laporan keuangan integral part of these consolidated financial statements.
konsolidasian.
8
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
LAPORAN REKONSILIASI PENDAPATAN CONSOLIDATED STATEMENTS OF RECONCILIATION OF
DAN BAGI HASIL KONSOLIDASIAN INCOME AND REVENUE SHARING
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2024 2023
Pendapatan pengelolaan dana oleh Bank Income from fund management by the Bank
sebagai mudharib as mudharib
Income from sales and purchases -
Pendapatan dari jual beli - marjin murabahah 3p 4,816,480) 5,299,422) murabahah margin
Pendapatan dari piutang lainnya -) 182) Income from other receivables
Pendapatan dari bagi hasil - pembiayaan Revenue from profit sharing - musyarakah
musyarakah 3p 13,330) 4,727) financing
Pendapatan usaha utama lainnya 28 568,567) 441,851) Other main operating income
5,398,377) 5,746,182)
Pengurang Deductions
Pendapatan tahun berjalan yang kas dan setara Current period income in which the cash and
kasnya belum diterima: cash equivalents were not received:
Pendapatan dari jual beli - Income from sales and purchases -
marjin murabahah (102,147) (164,890) murabahah margin
Pendapatan usaha utama lainnya (147,387) (75,512) Other main operating income
(249,534) (240,402)
Penambah Additions
Pendapatan tahun sebelumnya yang kasnya Prior period income in which the cash were
diterima pada tahun berjalan: received in the current year:
Penerimaan pelunasan piutang marjin Receipts from settlement of murabahah
murabahah 164,890) 138,773) margin receivables
Pendapatan keuntungan piutang lainnya -) 3) Income from profit other receivables
Pendapatan usaha utama lainnya 75,512) 64,941) Other main operating income
240,402) 203,717)
Pendapatan yang tersedia untuk bagi hasil 5,389,245) 5,709,497) Available income for revenue sharing
Bagi hasil yang menjadi hak Bank 4,885,141) 5,223,064) Bank’s share on revenue sharing
Bagi hasil yang menjadi hak pemilik dana 3q,29 504,104) 486,433) Fund owners’ share on revenue sharing
Perincian: Details of:
Hak pemilik dana atas bagi hasil yang sudah Fund owners’ share on distributed revenue
didistribusikan 485,279) 464,482) sharing
Hak pemilik dana atas bagi hasil yang belum Fund owners’ share on undistributed revenue
didistribusikan 3q,17 18,825) 21,951) sharing
504,104) 486,433)
PT Bank BTPN Syariah Tbk
Lihat Catatan atas Laporan Keuangan Konsolidasian, yang See Notes to the Consolidated Financial Statements, which form an
merupakan bagian tidak terpisahkan dari laporan keuangan integral part of these consolidated financial statements.
konsolidasian.
9
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
LAPORAN SUMBER DAN CONSOLIDATED STATEMENTS OF
PENYALURAN DANA ZAKAT KONSOLIDASIAN SOURCES AND DISTRIBUTION OF ZAKAT FUNDS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2024 2023
Saldo awal dana zakat 2e -) -) Beginning balance of zakat funds
Sumber dana zakat Sources of zakat funds
Zakat dari bank -) -) Zakat from banks
Zakat dari pihak luar bank -) -) Zakat from non-bank parties
-) -)
Penyaluran dana zakat -) -) Distribution of zakat funds
Kenaikan dana zakat -) -) Increase in zakat funds
Saldo akhir dana zakat -) -) Ending balance of zakat funds
PT Bank BTPN Syariah Tbk
Lihat Catatan atas Laporan Keuangan Konsolidasian, yang See Notes to the Consolidated Financial Statements, which form an
merupakan bagian tidak terpisahkan dari laporan keuangan integral part of these consolidated financial statements.
konsolidasian.
10
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Page 525
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
LAPORAN SUMBER DAN PENGGUNAAN DANA CONSOLIDATED STATEMENTS OF SOURCES
KEBAJIKAN KONSOLIDASIAN AND USES OF QARDHUL HASAN FUNDS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2024 2023
Saldo awal dana kebajikan 2e 3,409) 2,404) Beginning balance of qardhul hasan funds
Sumber dana kebajikan Sources of qardhul hasan funds
Infaq dan shadaqah 150) -) Infaq and shadaqah
Pendapatan non-halal 166) 1,323) Non-halal income
Denda 167) 52) Penalty
Jumlah 483) 1,375) Total
Penggunaan dana kebajikan (1,096) (370) Use of qardhul hasan funds
Penurunan sumber dana kebajikan (613) 1,005) Decrease in qardhul hasan funds
Saldo akhir dana kebajikan 2,796) 3,409) Ending balance of qardhul hasan funds
PT Bank BTPN Syariah Tbk
Lihat Catatan atas Laporan Keuangan Konsolidasian, yang See Notes to the Consolidated Financial Statements, which form an
merupakan bagian tidak terpisahkan dari laporan keuangan integral part of these consolidated financial statements.
konsolidasian.
11
524
Page 526
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM 1. GENERAL INFORMATION
a. Pendirian Bank dan informasi umum a. The Bank’s establishment and general
information
PT BANK BTPN SYARIAH Tbk (“Bank”) awalnya PT BANK BTPN SYARIAH Tbk (“Bank”) was initialy
didirikan dengan nama PT Bank Purba Danarta established under the name of PT Bank Purba
berdasarkan Akta Pendirian No. 10 tanggal Danarta based on Notarial Deed No. 10 dated
7 Maret 1991, yang kemudian diubah dengan Akta 7 March 1991 which was amendmend by the
Perubahan Anggaran Dasar No. 39 tanggal Notarial Deed on Amendment to the Article of
25 Mei 1992, dan Akta Perubahan No. 25 tanggal Association No. 39 dated 25 May 1992, and Notarial
11 Juli 1992, yang ketiganya dibuat di hadapan Deed No. 25 dated 11 July 1992 which all of the
Haji Abu Jusuf, S.H., notaris di Jakarta dan telah Notarial Deeds were made before Haji Abu Jusuf,
mendapat pengesahan dari Menteri Kehakiman S.H., notary in Jakarta and had been approved by
Republik Indonesia, sebagaimana telah the Minister of Justice of the Republic of Indonesia
mengalami beberapa perubahan dan untuk whose name was amended several times and
selanjutnya disebut sebagai Menteri Hukum dan became the Minister of Law and Human Rights in its
Hak Asasi Manusia Republik Indonesia dalam decree No. C2.5839.HT.01.01-TH.92 dated
Surat Keputusan No. C2.5839 HT.01.01-TH.92 21 July 1992 and had been registered in the court
tanggal 21 Juli 1992, yang telah didaftarkan dalam registry office in Semarang on 30 July 1992,
register umum yang berada di Kantor No. 206A/1992/II and had been published in State
Kepaniteraan Pengadilan Negeri Semarang pada Gazette of the Republic of Indonesia No. 81 dated
tanggal 30 Juli 1992 di bawah No. 206A/1992/II, 9 October 1992, Supplement to No. 5020 with
serta telah diumumkan dalam Berita Negara license to perform business activities as a
Republik Indonesia No. 81 tanggal Commercial Bank under the Decision Letter of
9 Oktober 1992, Tambahan No. 5020 dengan ijin Minister of Finance Republic of Indonesia
usaha untuk melakukan kegiatan usaha No. 1060/KMK.017/1992 dated 14 October 1992.
sebagai Bank Umum yang diperoleh
berdasarkan Surat Keputusan Menteri
Keuangan No. 1060/ KMK.017/1992 tanggal
14 Oktober 1992.
Kantor pusat Bank berlokasi di Menara SMBC - The Bank’s head office is located at Menara SMBC
CBD Mega Kuningan, Lantai 12, Jalan Dr. Ide - CBD Mega Kuningan, 12th floor, Jalan Dr. Ide
Anak Agung Gde Agung Kav 5.5 - 5.6, Kuningan, Anak Agung Gde Agung Kav 5.5 - 5.6, Kuningan,
Jakarta Selatan 12950. Jakarta Selatan 12950.
b. Akuisisi oleh SMBCI b. Acquisition by SMBCI
Pada tanggal 19 Juli 2013, Bank Indonesia (”BI”) On 19 July 2013, Bank Indonesia (“BI”) approved
menyetujui rencana PT Bank SMBC Indonesia the plan of PT Bank SMBC Indonesia Tbk (formerly
Tbk (dahulu PT BANK BTPN Tbk) (”SMBCI”) PT BANK BTPN Tbk) (“SMBCI”) to acquire 70%
untuk melakukan akuisisi sebesar 70% (tujuh (seventy percent) shares of PT Bank Sahabat Purba
puluh persen) saham PT Bank Sahabat Purba Danarta (“BSPD”) through its letter No.
Danarta (”BSPD”) melalui suratnya 15/10/DPB1/PB1-5/Rahasia which subject to the
No. 15/10/DPB1/PB1-5/Rahasia dengan syarat change of BSPD’s business activities from a
dilakukan perubahan atas kegiatan usaha dari conventional bank into a commercial bank under
BSPD yang semula merupakan bank sharia principles.
konvensional menjadi bank umum berdasarkan
prinsip syariah.
Pada tanggal 4 Februari 2014, SMBCI melakukan On 4 February 2014, SMBCI paid the total
pembayaran terkait akuisisi sebesar Rp 600.000 consideration of the acquisition amounting to
yang terdiri dari modal dasar dan agio saham Rp 600,000 in the form of authorised capital and
masing-masing sebesar Rp 373.333 dan paid in capital amounting to Rp 373,333 and
Rp 226.667. Rp 226,667, respectively.
PT Bank BTPN Syariah Tbk
12
525
Page 527
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
b. Akuisisi oleh SMBCI (lanjutan) b. Acquisition by SMBCI (continued)
SMBCI adalah pemegang saham pengendali SMBCI is the controlling shareholder and
dan Sumitomo Mitsui Financial Group (melalui Sumitomo Mitsui Financial Group (through
Sumitomo Mitsui Banking Corporation) adalah Sumitomo Mitsui Banking Corporation) is the
pemegang saham pengendali terakhir Bank. ultimate controlling shareholder of the Bank.
c. Pemisahan Unit Usaha Syariah c. Spin-off of Sharia Business Unit
Pada tanggal 20 Januari 2014, Rapat Umum On 20 January 2014, the Extraordinary General
Pemegang Saham Luar Biasa yang diaktakan Meeting of Shareholders which was notarised
dengan Akta Notaris No. 8 tanggal 4 Juli 2014 by Notarial Deed No. 8 dated 4 July 2014 before
di hadapan Hadijah, S.H., M.Kn., notaris di Hadijah, S.H., M.Kn., notary in Jakarta
Jakarta menyetujui pemisahan Unit Usaha approved the spin-off of the sharia business unit
Syariah PT Bank Tabungan Pensiunan of PT Bank Tabungan Pensiunan Nasional Tbk
Nasional Tbk (“UUS BTPN”) dari PT Bank ("UUS BTPN") from PT Bank Tabungan
Tabungan Pensiunan Nasional Tbk (“BTPN”). Pensiunan Nasional Tbk ("BTPN").The spin-off
Pemisahan dilakukan dengan mengacu kepada was made with reference to Bank Indonesia
Peraturan Bank Indonesia No. 11/10/PBI/2009 Regulation No.11/10/PBI/2009 which has been
yang telah diubah dengan PBI amended by PBI No. 15/14/PBI/2013 regarding
No. 15/14/PBI/2013 tentang Unit Usaha Sharia Business Unit. The establishment has
Syariah. Pendirian tersebut telah disetujui oleh been approved by Bank Indonesia in two
Bank Indonesia melalui dua tahap, yaitu stages, the approval of the conversion permit
persetujuan izin konversi dan izin pemisahan. and spin-off permit.
Pada tanggal 22 Mei 2014, Bank telah On 22 May 2014, the Bank received its permit
mendapatkan izin dari Bank Indonesia untuk from Bank Indonesia regarding conversion of
melaksanakan konversi BSPD berdasarkan BSPD based on the Decision Letter of Board of
Surat Keputusan Dewan Komisioner Otoritas Commissioner of Otoritas Jasa Keuangan
Jasa Keuangan (“OJK”) No.Kep -49/D-03/2014. (“OJK”) No.Kep-49/D-03/2014. The permit
Izin tersebut mengubah kegiatan usaha Bank changed the Bank’s business activities from
dari bank umum konvensional menjadi bank conventional commercial bank to commercial
umum yang melaksanakan kegiatan usaha bank which conduct business activities based
berdasarkan prinsip syariah. on sharia principles.
Pada tanggal 23 Juni 2014, Bank memperoleh On 23 June 2014, the Bank received its spin-off
izin pemisahan dari OJK berdasarkan Surat permit from OJK based on the Letter
No: S-17/PB.1/2014. Pemisahan UUS BTPN No: S-17/PB.1/2014. The spin-off of UUS BTPN
dilakukan dengan Akta Pemisahan No. 8 was made under Spin-off Deed No. 8 dated
tanggal 4 Juli 2014 yang dibuat di hadapan 4 July 2014 and was notarised by Hadijah, S.H.,
Hadijah, S.H., M.Kn., notaris di Jakarta. M.Kn., notary in Jakarta. Furthermore, the spin-
Selanjutnya, pemisahan terjadi secara efektif off became effective on 14 July 2014 and
pada tanggal 14 Juli 2014 dan pertama kalinya started its operational activity based on sharia
Bank memulai kegiatan usaha berdasarkan principles, as reported to Bank Indonesia (“BI”)
prinsip syariah, sebagaimana yang dilaporkan through its letter No. S.031/DIR/LG/VII/2014
kepada Bank Indonesia (“BI”) dengan surat dated 17 July 2014 regarding the Report on the
No. S.031/DIR/LG/VII/2014 tanggal 17 Juli 2014 Implementation of the Opening of Sharia
perihal Laporan Pelaksanaan Pembukaan Bank Commercial Bank Resulting from the Spin-Off.
Umum Syariah Hasil Pemisahan.
PT Bank BTPN Syariah Tbk
13
526
Page 528
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
d. Penawaran Umum Perdana Saham d. Initial Public Offering
Berdasarkan Rapat Umum Pemegang Saham Based on the Bank’s Circular Resolution of the
Luar Biasa (RUPSLB) Bank yang dilakukan Shareholders in lieu of the Extraordinary General
melalui Keputusan Sirkuler Resolusi Meeting of Shareholders (RUPSLB) dated
Pemegang Saham pada tanggal 16 November 2017, the shareholders approved
16 November 2017, para pemegang saham the Initial Public Offering of Ordinary Shares plan
menyetujui rencana Penawaran Umum to public through capital market and listing of the
Perdana Saham Biasa kepada masyarakat Bank’s shares at the Indonesia Stock Exchange.
melalui pasar modal serta melakukan On 25 April 2018, the Bank obtained the effective
pencatatan saham Bank di Bursa Efek notification from the OJK through its letter
Indonesia. Pada tanggal 25 April 2018, Bank No. S-36/D-04/2018 for the initial public offering.
memperoleh pernyataan efektif dari OJK
dengan surat No. S-36/D-04/2018 untuk
penawaran umum perdana saham tersebut.
Bank melakukan penawaran umum perdana The Bank undertook an initial public offering of
atas 770.370.000 saham dengan nilai nominal 770,370,000 shares with a nominal value of
sebesar Rp 100 (nilai penuh) setiap saham Rp 100 (full amount) per share with offering price
dengan harga penawaran setiap saham of Rp 975 (full amount) per share to the public in
sebesar Rp 975 (nilai penuh) kepada Indonesia. The shares were listed at the
masyarakat di Indonesia. Saham tersebut Indonesia Stock Exchange on 8 May 2018. The
dicatat di Bursa Efek Indonesia pada tanggal funds received by the Bank from the initial public
8 Mei 2018. Dana yang diterima oleh Bank offering amounting to Rp 735,020 (net of
atas penawaran umum perdana adalah issuance costs and tax).
sebesar Rp 735.020 (setelah biaya emisi dan
pajak).
e. Perubahan nama Bank e. The Bank’s name changes
PT Bank Purba Danarta melakukan PT Bank Purba Danarta changed its name to
perubahan nama menjadi PT Bank Sahabat PT Bank Sahabat Purba Danarta (“BSPD”) in
Purba Danarta (“BSPD”) pada tahun 2009 dan 2009 and to PT Bank Tabungan Pensiunan
berganti nama menjadi PT Bank Tabungan Nasional Syariah under the Amendmend to the
Pensiunan Nasional Syariah, sebagaimana Articles of Association No. 25 dated
didasarkan pada Akta Perubahan Terhadap 27 August 2013 before Hadijah, S.H., notary in
Anggaran Dasar No. 25 tanggal Jakarta and was approved by Minister of Law
27 Agustus 2013 yang dibuat di hadapan and Human Rights of the Republic of Indonesia
Hadijah, S.H., M.Kn., notaris di Jakarta dan by its Decision Letter No. AHU-50529.AH.01.02.
telah mendapat persetujuan dari Menteri Year 2013 dated 1 October 2013 and has been
Hukum dan Hak Asasi Manusia Republik published in the State Gazette of the Republic of
Indonesia dalam Surat Keputusan No. AHU- Indonesia No 94 Year 2013, Supplement to the
50529.AH.01.02. Tahun 2013 tanggal State Gazette of the Republic of Indonesia
1 Oktober 2013 dan telah diumumkan dalam No.124084 dated 22 November 2013.
Berita Negara Republik Indonesia Nomor 94
Tahun 2013, tambahan Berita Negara
Republik Indonesia No. 124084 tanggal
22 November 2013.
Bank mengubah namanya menjadi PT BANK The Bank changed its name to PT BANK BTPN
BTPN SYARIAH Tbk sebagaimana SYARIAH Tbk pursuant to the Notarial Deed
didasarkan pada Akta No. 26 tanggal No. 26 dated 16 April 2020, Ashoya Ratam, S.H.,
PT Bank BTPN Syariah Tbk
16 April 2020, yang dibuat di hadapan Ashoya MKn, notary in Jakarta, and was approved by
Ratam, S.H., M.Kn., notaris di Jakarta, dan Minister of Law and Human Rights of the
telah mendapat persetujuan dari Menteri Republic of Indonesia through its Decision Letter
Hukum dan Hak Asasi Manusia Republik No. AHU- 0034666.AH.01.02.Year 2020 dated
Indonesia dalam Surat Keputusan 8 May 2020.
No. AHU- 0034666.AH.01.02.Tahun 2020
tanggal 8 Mei 2020.
14
527
Page 529
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
e. Perubahan nama Bank (lanjutan) e. The Bank’s name changes (continued)
Bank telah mendapatkan persetujuan OJK The Bank has obtained OJK approval through its
melalui surat nomor S-66/PB.101/2020 tanggal letter number S-66/PB.101/2020 dated
4 Juni 2020 dan Salinan Keputusan Deputi 4 June 2020 and the Copy of Approval of Deputi
Komisioner Pengawas Perbankan I OJK Nomor Komisioner Pengawas Perbankan I OJK Number
KEP-99/PB.1/2020 tanggal 4 Juni 2020 perihal KEP-99/PB.1/2020 dated 4 June 2020 regarding
Permohonan Penetapan Penggunaan Izin business license approval request due to change
Usaha karena perubahan nama PT Bank of name from PT Bank Tabungan Pensiunan
Tabungan Pensiunan Nasional Syariah Tbk Nasional Syariah Tbk into PT BANK BTPN
menjadi PT BANK BTPN SYARIAH Tbk. SYARIAH Tbk.
f. Anggaran Dasar f. Articles of Association
Setelah menjadi Bank Umum Syariah, Bank The Bank’s Articles of Association have been
telah melakukan beberapa kali perubahan amended several times since the Bank became
Anggaran Dasar. Perubahan terakhir Sharia Commercial Bank. The latest
Anggaran Dasar Perseroan sebagaimana amendement of the Articles of Association of the
tercantum dalam Akta No. 46 tanggal Bank was stated in deed No. 46 dated
20 Maret 2024, yang dibuat di hadapan Ashoya 20 March 2024, which was notarised by Ashoya
Ratam, S.H., M.Kn., notaris di Jakarta, Ratam, S.H., M.Kn., notary in Jakarta,
penyesuaian dengan POJK Nomor 17 Tahun adjustment to Financial Service Authority
2023. Akta tersebut telah memperoleh Regulation No. 17 Year 2023. The deed was
persetujuan Menteri Hukum dan Hak Asasi approved by Minister of Law and Human Rights
Manusia Republik Indonesia berdasarkan of the Republic of Indonesia through its Letter of
Surat Penerimaan Pemberitahuan Perubahan Acceptance of the amendment to Articles of
Anggaran Dasar No. AHU-AH.01.03-0089433 Association No. AHU-AH.01.03-0089433 dated
tanggal 19 April 2024. 19 April 2024.
g. Tujuan dan kegiatan usaha g. Objectives and scope of activities
Sesuai dengan pasal 3 Anggaran Dasar Bank, In accordance with article 3 of the Bank’s Articles
tujuan dan kegiatan usaha Bank adalah of Association, the Bank’s objectives and scope
melakukan kegiatan di bidang perbankan of activities are to engage in banking industry
berdasarkan prinsip syariah. based on sharia principles.
h. Dewan Komisaris, Direksi, Dewan Pengawas h. Board of Commissioners, Board of Directors,
Syariah, Komite Audit, Sekretaris Sharia Supervisory Board, Audit Committee,
Perusahaan, Satuan Kerja Audit Internal dan Corporate Secretary, Internal Audit Unit and
Karyawan Employees
Susunan Dewan Komisaris dan Direksi Bank The composition of the Bank’s Board of
pada tanggal 31 Desember 2024 dan 2023 Commissioners and Board of Directors as of
adalah sebagai berikut: 31 December 2024 and 2023 was as follows:
31 Desember 2024 31 Desember 2023
Dewan Komisaris Board of Commissioners
Komisaris Utama/ President Commissioner/
Independen Kemal Azis Stamboel Kemal Azis Stamboel Independent
Komisaris Independen Mulya Effendi Siregar Mulya Effendi Siregar Independent Commissioner
Komisaris Independen Dewie Pelitawati Dewie Pelitawati Independent Commissioner
Komisaris Ongki Wanadjati Dana Ongki Wanadjati Dana Commissioner
Direksi Board of Directors
Direktur Utama Hadi Wibowo Hadi Wibowo President Director
Direktur Kepatuhan Arief Ismail Arief Ismail Compliance Director
Direktur Dewi Nuzulianti Dewi Nuzulianti Director
Direktur Fachmy Achmad Fachmy Achmad Director
PT Bank BTPN Syariah Tbk
Direktur Dwiyono Bayu Winantio Dwiyono Bayu Winantio Director
15
528
Page 530
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
h. Dewan Komisaris, Direksi, Dewan Pengawas h. Board of Commissioners, Board of Directors,
Syariah, Komite Audit, Sekretaris Sharia Supervisory Board, Audit Committee,
Perusahaan, Satuan Kerja Audit Internal dan Corporate Secretary, Internal Audit Unit and
Karyawan (lanjutan) Employees (continued)
Susunan Dewan Pengawas Syariah Ban k pada The composition of the Bank’s Sharia
tanggal 31 Desember 2024 dan 2023 adalah Supervisory Board as of 31 December 2024 and
sebagai berikut: 2023 was as follows:
31 Desember 2024 31 Desember 2023
Dewan Pengawas Syariah Sharia Supervisory Board
Ketua H. Ikhwan Abidin, MA H. Ikhwan Abidin, MA Chairman
Anggota H. Muhamad Faiz, MA H. Muhamad Faiz, MA Member
Susunan Komite Audit Bank yang ditetapkan The composition of the Bank’s Audit Committee
oleh Dewan Komisaris pada tanggal as designated by the Board of Commissioners as
31 Desember 2024 dan 2023 adalah sebagai of 31 December 2024 and 2023 was as follows:
berikut:
31 Desember 2024 31 Desember 2023
Komite Audit Audit Committees
Ketua Mulya Effendi Siregar Mulya Effendi Siregar Chairman
Anggota Tika Arundina Tika Arundina Member
Anggota Rena Mutia Andriani Rena Mutia Andriani Member
Pada tanggal 31 Desember 2024 dan 2023, As of 31 December 2024 and 2023, the Bank’s
Sekretaris Perusahaan Bank adalah Arief corporate secretary was Arief Ismail.
Ismail.
Efektif sejak tanggal 1 Juni 2017 berdasarkan Effective since 1 June 2017 in accordance with the
Surat Keputusan Sirkuler Direksi Circular Decision Letter of the Bank’s Boar d
No.006/CIR/DIR/V/2017 tanggal 18 Mei 2017, of Directors No.006/CIR/DIR/V/2017 dated
Kepala Satuan Kerja Audit Internal pada 18 May 2017, the Head of Internal Audit as of
31 Desember 2024 dan 2023 adalah Gatot 31 December 2024 and 2023 was Gatot Prasetyo.
Prasetyo.
Jumlah karyawan Bank pada tanggal As of 31 December 2024 and 2023, the Bank had
31 Desember 2024 dan 2023, masing -masing 14,412 and 14,297 employees, respectively.
adalah 14.412 orang dan 14.297 orang.
PT Bank BTPN Syariah Tbk
16
529
Page 531
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
i. Entitas Anak i. Subsidiary
Bank mempunyai kepemilikan langsung pada The Bank has direct ownership in the following
Entitas Anak sebagai berikut: Subsidiary:
Persentase kepemilikan/ Jumlah aset/
Bidang usaha/ Percentage of ownership Total assets
Entitas anak/ Domisili/ Business 31 Desember/ 31 Desember/ 31 Desember/ 31 Desember/
Subsidiary Domicile activities December 2024 December 2023 December 2024 December 2023
Modal Ventura/
PT BTPN SYARIAH VENTURA Jakarta Venture Capital 99% 99% 308,421 320,596
Entitas Anak berkantor pusat di Jl. Radio The head office of Subsidiary is located at Jl. Radio
Dalam No. 100, Kebayoran Baru, Jakarta Dalam No. 100, Kebayoran Baru, Jakarta Selatan
Selatan 12140. 12140.
Berdasarkan Akta Pendirian No. 36 tanggal Based on Establishment Deed No. 36 dated
21 Oktober 2021 yang dibuat di hadapan 21 October 2021 before Ashoya Ratam, S.H.,
Ashoya Ratam, S.H., M.Kn., notaris di Jakarta, M.Kn., notary in Jakarta, the Bank has established
Bank telah mendirikan Entitas Anak dan the Subsidiary and has become the majority
menjadi pemegang saham mayoritas. Hal ini shareholder. It was acknowledged by the Ministr y
telah diketahui oleh Kementerian Hukum dan of Law and Human Rights of the Republic of
Hak Asasi Manusia Republik Indonesia melalui Indonesia through its letter No. AHU-0066702.
surat No. AHU-0066702.AH.01.01 tertanggal AH.01.01 dated 22 October 2021.
22 Oktober 2021.
Susunan Pemegang Saham terakhir Entitas The latest composition of the Shareholders of the
Anak adalah sebagaimana dituangkan ke Subsidiary is as specified in the Deed No. 10 dated
dalam Akta No. 10 tanggal 10 Maret 2022 yang 10 March 2022 made by Ashoya Ratam, S.H.,
dibuat oleh Ashoya Ratam, S.H., M.Kn., notaris M.Kn., notary in Jakarta and has been received
di Jakarta dan telah diterima dan dicatat di and recorded in Legal Entity Administration
dalam Sistem Administrasi Badan Hukum System through Decree Letter of Ministry of Law
melalui Surat Keputusan Menteri Hukum dan and Human Rights of the Republic of Indones ia
Hak Asasi Manusia Republik Indonesia Number No. AHU-AH.01.03-0158924 dated
No. AHU-AH.01.03-0158924 tanggal 10 March 2022.
10 Maret 2022.
Sedangkan Susunan Dewan Komisaris, Direksi Whereas the latest composition of the Board of
dan Dewan Pengawas Syariah Entitas Anak Commissioners, the Board of Directors and the
terakhir adalah sebagaimana dituangkan Sharia Supervisory Board of the Subsidiary is as
kedalam akta Pernyataan Keputusan diluar specified in the in the Deed of Circular Resolution
Rapat Umum Pemegang Saham Tahunan of the Annual General Meeting of Shareholder s
No. 49 tanggal 20 Maret 2024 yang dibuat oleh No. 49 dated 20 March 2024, made by Ashoya
Ashoya Ratam, S.H., M.Kn., notaris di Jakarta Ratam, S.H., M.Kn., notary in Jakarta and has
dan telah diterima dan dicatat di dalam Sistem been received and recorded in Legal Entity
Administrasi Badan Hukum melalui Surat Administration System through Decree Letter of
Keputusan Menteri Hukum dan Hak Asasi Ministry of Law and Human Rights of the Republic
Manusia Republik Indonesia No. AHU- of Indonesia Number No. AHU-AH.01.09-0135500
AH.01.09-0135500 tanggal 3 April 2024 dan dated 3 April 2024 and the Deed of Circular
Pernyataan Keputusan diluar Rapat Umum Resolution of the General Meeting of Shareholder s
Pemegang Saham PT BTPN SYARIAH PT BTPN SYARIAH VENTURA No. 47 dated
VENTURA No. 47 tanggal 20 Maret 2024 yang 20 March 2024 made by Ashoya Ratam,
PT Bank BTPN Syariah Tbk
dibuat oleh Ashoya Ratam, S.H., M.Kn., notaris S.H., M.Kn., notary in Jakarta and has been
di Jakarta dan telah diterima dan dicatat di received and recorded in Legal Entity
dalam Sistem Administrasi Badan Hukum Administration System through Decree Letter of
melalui Surat Keputusan Menteri Hukum dan Ministry of Law and Human Rights of the Republic
Hak Asasi Manusia Republik Indonesia of Indonesia Number No. AHU-AH.01.09-0114568
No. AHU-AH.01.09-0114568 tanggal dated 21 March 2024.
21 Maret 2024.
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
i. Entitas Anak (lanjutan) i. Subsidiary (continued)
PT BTPN SYARIAH VENTURA telah PT BTPN SYARIAH VENTURA has obtained its
mendapatkan perijinan operasional dari operational permits from the Financial Services
Otoritas Jasa Keuangan melalui Surat Authority by means of letter Number
Keputusan Anggota Dewan Komisioner Nomor KEP-23/D.05/2022 dated 20 May 2022,
KEP-23/D.05/2022 tanggal 20 Mei 2022 regarding the Granting of Business Permit of
tentang Pemberian Izin Usaha Perusahaan Sharia Venture Capital Company to PT BTPN
Modal Ventura Syariah kepada PT BTPN SYARIAH VENTURA and effectively carried out
SYARIAH VENTURA dan efektif menjalankan its operational activities on 30 May 2022.
kegiatan operasionalnya pada tanggal
30 Mei 2022.
Tujuan pendirian Entitas Anak adalah untuk The purpose of establishing the Subsidiary is to
menunjang kegiatan usaha dan aspirasi Entitas support the business activities and aspiration of
Anak dalam mewujudkan digital ekosistem bagi the Subsidiary in realizing a digital ecosystem for
segmen yang dilayaninya. the segment its served.
Entitas Anak merupakan perusahaan yang The Subsidiary is a company that carries out the
melakukan kegiatan usaha modal ventura sharia venture capital business activities, venture
syariah, pengelolaan dana ventura, dan fund management, and other business activities
kegiatan usaha lain dengan persetujuan dari upon the approval from relevant authorities, all of
otoritas terkait, yang seluruhnya dilaksanakan which are carried out based on sharia principles.
berdasarkan prinsip syariah.
j. Perubahan Nama Entitas Induk j. Parent Entity’s Name Changes
PT Bank SMBC Indonesia Tbk (”SMBCI”) yang PT Bank SMBC Indonesia Tbk (”SMBCI”)
berdomisili di Jakarta Selatan sebelumnya domiciled in South Jakarta formerly under the
bernama PT BANK BTPN Tbk. Perubahan name of PT BANK BTPN Tbk. This name change
nama ini dituangkan dalam akta notaris No. 43 is stated in notarial deed No. 43 dated
tanggal 29 Agustus 2024 yang dibuat oleh 29 August 2024 made by Notary Ashoya Ratam,
Notaris Ashoya Ratam, S.H., M.Kn dan telah S.H., M.Kn and has been approved by the
disetujui oleh Menteri Hukum dan Hak Asasi Minister of Law and Human Rights through
Manusia melalui Surat Keputusan Decree Number AHU-0054625.AH.01.02 dated
Nomor AHU-0054625.AH.01.02 tanggal 29 August 2024.
29 Agustus 2024.
Entitas Induk telah mendapatkan persetujuan The Parent Entity has obtained OJK approval
OJK melalui surat No S-236/PB.02.2024 through its letter number No S-236/PB.02.2024
tanggal 24 September 2024 dan berlaku efektif dated 24 September 2024 and the changes is
sejak 2 Oktober 2024 sesuai Keterbukaan effective from 2 October 2024 based on the
Informasi SMBCI. Disclosure of Information of SMBCI.
2. DASAR PENYUSUNAN 2. BASIS OF PREPARATION
a. Pernyataan kepatuhan a. Statement of compliance
Laporan keuangan konsolidasian telah disusun The consolidated financial statements have
dan disajikan sesuai dengan Standar Akuntansi been prepared and presented in accordance with
Keuangan di Indonesia. Indonesian Financial Accounting Standards.
b. Laporan keuangan konsolidasian ini yang b. These consolidated financial statements which
PT Bank BTPN Syariah Tbk
merupakan konsolidasian dari laporan keuangan represent the consolidation of the financial
Bank dan Entitas Anak (secara bersama-sama statements of the Bank and its subsidiary
disebut “Bank dan Entitas Anak” dan Bank (together referred to as the ”Bank and
secara individu disebut “Bank”) telah disetujui Subsidiary” and the Bank individually as the
untuk diterbitkan oleh Direksi Bank pada tanggal ”Bank”), were authorised for issuance by the
14 Februari 2025. Bank’s Board of Directors on
14 February 2025.
18
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. DASAR PENYUSUNAN (lanjutan) 2. BASIS OF PREPARATION (continued)
c. Mata uang fungsional dan penyajian c. Functional and presentation currency
Laporan keuangan konsolidasian disajikan The consolidated financial statements are
dalam Rupiah, yang merupakan mata uang presented in Rupiah, which is the Bank and
fungsional Bank and Entitas Anak. Seluruh Subsidiary’s functional currency. Unless
informasi keuangan yang disajikan telah otherwise stated, the financial information
dibulatkan ke jutaan terdekat dalam jutaan presented in Rupiah has been rounded to the
Rupiah, kecuali d inyatakan lain. nearest million.
Laporan keuangan konsolidasian ini disajikan The consolidated financial statements are
dalam bahasa Indonesia dan Inggris. Dalam hal presented in Indonesian and English languages .
terdapat perbedaan penafsiran akibat Should there be any difference in interpretation
penerjemahan bahasa, maka yang digunakan due to translation, the Indonesian version shall
sebagai acuan adalah dalam bahasa Indonesia. prevail.
d. Penggunaan pertimbangan dan estimasi d. Use of judgments and estimates
Penyusunan laporan keuangan konsolidasian The preparation of consolidated financial
sesuai dengan SAK di Indonesia mengharuskan statements in conformity with SAK requires
manajemen untuk membuat pertimbangan dan management to make judgements and
estimasi yang mempengaruhi penerapan estimates that affect the application of
kebijakan akuntansi, dan jumlah aset, liabilitas, accounting policies and the reported amounts
pendapatan dan beban yang dilaporkan. of assets, liabilities, income and expenses.
Walaupun estimasi ini dibuat berdasarkan Although those estimates are based on
pengetahuan terbaik manajemen atas kejadian management’s best knowledge of current
dan kegiatan saat ini, hasil aktual mungkin events and activities, actual results may differ
berbeda dari estimasi tersebut. from those estimates.
Estimasi dan asumsi yang digunakan ditelaah Estimates and underlying assumptions are
secara berkesinambungan. Revisi atas estimasi reviewed on an ongoing basis. Revisions to
akuntansi diakui pada periode dimana estimasi accounting estimates are recognized in the
tersebut direvisi dan periode-periode yang akan period in which the estimate is revised and in
datang yang dipengaruhi oleh revisi estimasi any future periods affected.
tersebut.
lnformasi mengenai hal-hal penting yang terkait Information about significant areas of
dengan ketidakpastian estimasi dan estimation uncertainties and critical judgments
pertimbangan-pertimbangan signifikan dalam in applying accounting policies that have
penerapan kebijakan akuntansi yang memiliki significant effect on the amounts recognized in
dampak yang signifikan terhadap jumlah yang the consolidated financial statements are
diakui dalam laporan keuangan konsolidasian described in Note 4.
dijelaskan di Catatan 4.
e. Dasar pengukuran e. Basis of measurement
Berdasarkan PSAK 401, laporan keuangan Based on PSAK 401, a complete financial
entitas syariah yang lengkap terdiri dari statements of a sharia entity consist of the
komponen-komponen sebagai berikut: following components:
(i) Laporan posisi keuangan pada akhir (i) Statement of financial position as of end
periode; of the period;
(ii) Laporan laba rugi dan penghasilan (ii) Statement of profit or loss and other
komprehensif lain selama periode; comprehensive income for the period;
PT Bank BTPN Syariah Tbk
(iii) Laporan perubahan ekuitas selama (iii) Statement of changes in equity for the
periode; period;
(iv) Laporan arus kas selama periode; (iv) Statement of cash flows for the period;
(v) Laporan rekonsiliasi pendapatan dan (v) Statement of reconciliation of income
bagi hasil selama periode; and revenue sharing for the period;
19
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. DASAR PENYUSUNAN (lanjutan) 2. BASIS OF PREPARATION (continued)
e. Dasar pengukuran (lanjutan) e. Basis of measurement (continued)
(vi) Laporan sumber dan penyaluran dana (vi) Statement of sources and distribution of
zakat selama periode; zakat funds for the period;
(vii) Laporan sumber dan penggunaan dana (vii) Statement of sources and uses of
kebajikan selama periode; dan qardhul hasan funds for the period; and
(viii) Catatan atas laporan keuangan. (viii) Notes to the financial statements.
Laporan sumber dan penggunaan dana The consolidated statements of sources and
kebajikan konsolidasian menunjukkan sumber uses of qardhul hasan funds show the sources
dan penggunaan dana kebajikan dalam jangka and uses of qardhul hasan funds for a certain
waktu tertentu serta saldo dana kebajikan pada period, and qardhul hasan funds balance at a
tanggal tertentu. certain date.
Sejak tanggal Bank dan Entitas Anak beroperasi, Since the operation commencement date, the
Bank dan Entitas Anak belum menunjuk suatu Bank and Subsidiary have not appointed an
lembaga untuk mengelola sumber dan institution to manage sources and uses of zakat
penggunaan dana zakat dan kebajikan. and qardhul hasan funds.
Sampai dengan tanggal 31 Desember 2024, Up to 31 December 2024, the Bank have not
Bank belum mengelola penerimaan dana zakat, managed any zakat funds received from the
baik yang bersumber dari Bank maupun dari Bank as well as external parties.
pihak luar.
Laporan posisi keuangan , laporan laba rugi dan The statement of financial positions, statement
penghasilan komprehensif lain, laporan of profit or loss and other comprehensive
perubahan ekuitas, dan laporan arus kas , income, statement of changes in equity and
merupakan laporan keuangan yang statement of cash flows, are the financial
mencerminkan kegiatan komersial entitas statements reflecting the sharia entity’s
syariah sesuai prinsip syariah. commercial activities in accordance with sharia
principles.
Laporan keuangan konsolidasian Bank dan The Bank and Subsidiary’s consolidated
Entitas Anak disusun berdasarkan konsep harga financial statements have been prepared under
perolehan, kecuali untuk beberapa akun yang the historical cost concept, except for certain
dinilai menggunakan dasar pengukuran lain accounts which have been valued using another
sebagaimana dijelaskan dalam kebijakan measurement basis as explained in the
akuntansi masing -masing akun tersebut, dan accounting policy for those specified accounts,
disusun dengan dasar akrual, kecuali laporan and prepared under the accrual basis, except
arus kas konsolidasian dan laporan rekonsiliasi for the consolidated statements of cash flows
pendapatan dan bagi hasil konsolidasian. and consolidated statements of reconciliation of
income and revenue sharing.
Laporan arus kas konsolidasian disusun dengan The consolidated statements of cash flows are
menggunakan metode langsung dengan prepared using the direct method by classifying
mengelompokkan arus kas dalam aktivitas cash flows into operating, investing and
operasi, investasi dan pendanaan. Untuk financing activities. For the presentation of
penyajian laporan arus kas konsolidasian, setara consolidated cash flows statement, cash
kas terdiri dari kas, giro dan penempatan pada equivalents consist of cash, current accounts
Bank Indonesia, giro dan penempatan pada and placements with Bank Indonesia, current
PT Bank BTPN Syariah Tbk
bank-bank lain, dan investasi pada surat accounts and placements with other banks, and
berharga yang jatuh tempo dalam 3 (tiga) bulan investments in marketable securities with
dari tanggal penempatan dan yang tidak maturities of 3 (three) months from the date of
dijaminkan serta tidak dibatasi penggunaannya. placement and are not pledged or restricted.
20
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. DASAR PENYUSUNAN (lanjutan) 2. BASIS OF PREPARATION (continued)
e. Dasar pengukuran (lanjutan) e. Basis of measurement (continued)
Laporan rekonsiliasi pendapatan dan bagi hasil The consolidated statements of reconciliation of
konsolidasian merupakan rekonsiliasi antara income and revenue sharing represent the
pendapatan Bank dan Entitas Anak yang reconciliation between the Bank and
menggunakan dasar akrual (accrual basis) Subsidiary’s revenue that are recognized under
dengan pendapatan yang didistribusikan kepada accrual basis with the revenue sharing
pemilik dana yang menggunakan dasar kas distributed to fund owner under the cash basis.
(cash basis).
Laporan sumber dan penyaluran dana zakat The consolidated statements of sources and
konsolidasian merupakan laporan yang distribution of zakat funds show the sources and
menunjukkan sumber dan penyaluran dana zakat distribution of zakat funds for a certain period,
dalam jangka waktu tertentu, serta dana zakat and the undistributed zakat funds at a certain
yang belum disalurkan pada tanggal tertentu. date.
f. Perubahan kebijakan akuntansi f. Changes in accounting policies
Standar akuntansi berikut ini yang berlaku The following accounting standards, which
efektif tanggal 1 Januari 2024 dan relevan became effective on 1 January 2024 and are
terhadap laporan keuangan konsolidasian ini, relevant to these consolidated financial
tidak membawa dampak perubahan yang statements, do not result in significant
signifikan terhadap kebijakan akuntansi Bank changes to the Bank and Subsidiary’s
dan Entitas Anak serta jumlah yang dilaporkan accounting policies and on the amounts
di tahun berjalan atau tahun sebelumnya: reported for current or prior financial years:
- Amendemen PSAK 116: “Sewa” tentang - Amendment to PSAK 116: “Lease” on
Liabilitas Sewa dalam Jual dan Sewa Lease Liability in Sale and Leaseback
Balik
- Amendemen PSAK 201: “Penyajian - Amendment to PSAK 201: “Presentation
Laporan Keuangan” tentang Liabilitas of Financial Statements” on Long-Term
Jangka Panjang dengan Konvenan Liabilities with the Covenant
- Amendemen PSAK 401: “Penyajian - Amendment to PSAK 401: "Presentation
Laporan Keuangan Syariah” tentang of Sharia Financial Statements"
menghilangkan Penyajian Laporan concerning eliminating the Presentation
Perubahan Aset Kelolaan sebagai salah of Statements of Changes in Managed
satu komponen Laporan Keuangan Assets as one of the components of the
Financial Statements
- PSAK 409: “Akuntansi Zakat, Infak dan - PSAK 409: “Accounting for Zakat, Infak
Sedekah” and Alms”
3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING
SIGNIFIKAN POLICIES
Kebijakan-kebijakan akuntansi yang signifikan, The significant accounting policies, applied in
yang diterapkan dalam penyusunan laporan preparing the Bank’s consolidated financial
keuangan konsolidasian Bank adalah seperti statements are set out below:
PT Bank BTPN Syariah Tbk
dijabarkan di bawah ini:
a. Prinsip konsolidasi a. Basis of consolidation
Laporan keuangan konsolidasian mencakup The consolidated financial statements
laporan keuangan Bank dan Entitas Anak. include the accounts of the Bank and
Subsidiary.
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING
SIGNIFIKAN (lanjutan) POLICIES (continued)
a. Prinsip konsolidasi (lanjutan) a. Basis of consolidation (continued)
Suatu pengendalian atas entitas anak dianggap Control over a subsidiary is presumed to exist if
ada bilamana Bank terekspos atau memiliki hak the Bank is exposed to, or has rights to, variable
atas imbal hasil variabel dari keterlibatannya returns from its involvement with the subsidiary
dengan entitas anak dan memiliki kemampuan and has the ability to affect those returns
untuk mempengaruhi imbal hasil tersebut through its power over the subsidiary. The Bank
melalui kekuasaannya atas entitas anak. Bank reassesses whether it has control if there are
akan menilai kembali apakah memiliki kendali changes to one or more of the elements of the
jika ada perubahan atas satu atau lebih unsur control. This includes circumstances in which
pengendalian. Ini termasuk situasi dimana hak protective rights held (e.g. those resulting from
protektif yang dimiliki (seperti yang dihasilkan a lending relationship) become substantive and
dari hubungan pinjaman) menjadi substantif lead to the Bank having power over
dan mengakibatkan Bank memiliki kekuasaan a subsidiary.
atas suatu entitas anak.
Ketika Bank kehilangan kendali atas entitas When the Bank loses control over a subsidiary,
anak, Bank menghentikan pengakuan aset dan it derecognises the assets and liabilities of the
liabilitas entitas anak, dan kepentingan non- subsidiary, and any related non-controlling
pengendali terkait dan komponen ekuitas interests and other components of equity. Any
lainnya. Laba atau rugi yang timbul diakui resulting gain or loss is recognized in profit or
dalam laba rugi. Kepentingan yang loss. Any interest retained in the former
dipertahankan di entitas anak sebelumnya subsidiary is measured at fair value when the
diukur sebesar nilai wajar ketika pengendalian control is lost.
hilang.
Seluruh transaksi dan saldo antar perusahaan All inter-company transactions and balances
dieliminasi dalam laporan keuangan are eliminated in the consolidated financial
konsolidasian, sehingga laporan keuangan statements; accordingly, the consolidated
konsolidasian hanya mencakup transaksi dan financial statements include only transactions
saldo dengan pihak lain. and balances with other parties.
Perubahan dalam bagian kepemilikan Bank Changes in the Bank’s ownership interest in
pada entitas anak yang tidak mengakibatkan subsidiary that do not result in a loss of control
hilangnya pengendalian diperlakukan sebagai are treated as transaction between equity
transaksi antara pemegang ekuitas dan dicatat holders and are accounted for as equity
sebagai transaksi ekuitas. transactions.
Kepentingan non -pengendali disajikan di Non-controlling interest is presented as part of
ekuitas dalam laporan posisi keuangan equity in the consolidated statements of
konsolidasian dan dinyatakan sebesar proporsi financial position and represents the non-
pemegang saham non -pengendali atas laba controlling shareholders’ proportionate share
tahun berjalan dan ekuitas entitas anak tersebut in the net income for the year and equity of the
berdasarkan persentase kepemilikan subsidiary based on the percentage of
pemegang saham non-pengendali pada entitas ownership of the non-controlling shareholders
anak tersebut. in the subsidiary.
PT Bank BTPN Syariah Tbk
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING
SIGNIFIKAN (lanjutan) POLICIES (continued)
b. Giro dan penempatan pada Bank Indonesia b. Current accounts and placements with
Bank Indonesia
Giro dan penempatan pada Bank Indonesia Current accounts and placements with Bank
terdiri dari giro wadiah pada Bank Indonesia Indonesia consist of wadiah current accounts
dan penanaman dana pada Bank Indonesia with Bank Indonesia and placements of funds
berupa Fasilitas Simpanan Bank Indonesia with Bank Indonesia in the form of Bank
Syariah (“FASBIS”). Indonesia Sharia Deposit Facilities (“FASBIS”) .
FASBIS merupakan sertifikat yang diterbitkan FASBIS are certificates issued by Bank
Bank Indonesia sebagai bukti penitipan dana Indonesia as a proof of short-term fund
berjangka pendek dengan akad masing- deposits under wadiah agreements. Current
masing adalah wadiah. Giro dan Penempatan accounts and placements with Bank Indonesia
pada Bank Indonesia disajikan sebesar biaya are stated at acquisition cost.
perolehan.
c. Giro pada bank-bank lain c. Current accounts with other banks
Giro pada bank-bank lain dinyatakan sebesar Current accounts with other banks are stated at
saldo giro dikurangi dengan cadangan kerugian their outstanding balances, net of allowance for
penurunan nilai. Bonus yang diterima dari bank impairment losses. Bonuses received from
umum syariah diakui sebagai pendapatan sharia commercial banks are recognized as
usaha utama lainnya. Penerimaan jasa giro dari other main operating income. Interest income
bank umum konvensional (jika ada) tidak diakui from conventional commercial banks (if any)
sebagai pendapatan Bank dan Entitas Anak are not recognized as the Bank and
dan digunakan untuk dana kebajikan (qardhul Subsidiary’s income but are recognized as part
hasan). of the qardhul hasan funds.
d. Penempatan pada bank-bank lain d. Placements with other banks
Penempatan pada bank-bank lain oleh Bank Placements with other banks by the Bank and
dan Entitas Anak adalah penempatan dana Subsidiary’s represent placements with sharia
pada bank umum syariah, unit usaha syariah commercial banks, sharia business units and/or
dan/atau BPR syariah antara lain dalam bentuk sharia rural banks in the form of current
giro, tabungan, deposito, pembiayaan, accounts, saving accounts, deposits, financing
dan/atau bentuk penempatan lainnya and/or other placements based on sharia
berdasarkan prinsip syariah. Penempatan pada principles. Placements with other banks are
bank-bank lain disajikan sebesar saldo stated at their outstanding balances, net of
penempatan, setelah dikurangi cadangan allowance for impairment losses.
kerugian penurunan nilai.
e. Investasi pada surat berharga e. Investment in marketable securities
Surat berharga syariah adalah surat bukti Sharia marketable securities are proof of
investasi berdasarkan prinsip syariah yang investments based on sharia principles that are
lazim diperdagangkan di pasar uang syariah commonly traded in the sharia money market
dan/atau pasar modal syariah antara lain and/or sharia capital markets, including sharia
obligasi syariah (sukuk), Sertifikat Investasi bonds (sukuk), Certificate of Interbank
Mudharabah Antarbank (SIMA), reksa dana Mudharabah Investment (SIMA), sharia mutual
syariah, investasi pada efek ekuitas dan surat funds, investment in equity securities and other
berharga lainnya berdasarkan prinsip syariah. securities based on sharia principles.
PT Bank BTPN Syariah Tbk
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING
SIGNIFIKAN (lanjutan) POLICIES (continued)
e. Investasi pada surat berharga (lanjutan) e. Investment in marketable securities
(continued)
Bank dan Entitas Anak menentukan klasifikasi The Bank and Subsidiary determined the
investasi pada sukuk dan efek lain yang classification of investments in sukuk and other
mempunyai karakteristik yang serupa dengan securities which have similar characteristics
sukuk, sesuai dengan PSAK 410 tentang with sukuk, in accordance with PSAK 410
“Akuntansi Sukuk" sebagai berikut: regarding "Accounting for Sukuk" as follows:
1) Diukur pada biaya perolehan. Investasi 1) Measured at acquisition cost. The
tersebut dimiliki dalam suatu model usaha investment is held in a business model
yang bertujuan utama untuk memperoleh whereby the primary goal is to collect
arus kas kontraktual dan terdapat contractual cash flows and has contractual
persyaratan kontraktual dalam terms in determining the specific date of
menentukan tanggal tertentu atas principal payments and or the margin. At
pembayaran pokok dan atau hasilnya. the initial recognition, investments in sukuk
Pada saat pengakuan awal, investasi pada are measured at fair value plus directly
sukuk diukur pada nilai wajar termasuk attributable transaction costs.
biaya transaksi yang dapat diatribusikan
secara langsung untuk perolehan investasi
tersebut.
Setelah pengakuan awal, investasi pada Subsequent to initial recognition,
sukuk dinyatakan sebesar biaya perolehan, investments in sukuk are stated at
ditambah biaya transaksi yang belum acquisition cost, plus unamortized portion
diamortisasi dengan menggunakan metode of transaction costs that are amortized
garis lurus, dikurangi cadangan kerugian using straight-line method, minus
penurunan nilai, jika ada. allowance for impairment losses, if any.
2) Diukur pada nilai wajar melalui 2) Measured at fair value through other
penghasilan komprehensif lain. Investasi comprehensive income. The investment is
tersebut dimiliki dalam suatu model usaha held in a business model whereby the
yang bertujuan utama untuk memperoleh primary goal is to obtain contractual cash
arus kas kontraktual dan melakukan flows and to sell the sukuk, and has
penjualan sukuk, terdapat persyaratan contractual terms in determining the
kontraktual dalam menentukan tanggal specific date of principal payments and/or
tertentu atas pembayaran pokok dan/atau the results.
hasilnya.
Pada saat pengakuan awal, investasi pada At the initial recognition, investments in
sukuk diukur pada nilai wajar termasuk sukuk are measured at fair value plus
biaya transaksi yang dapat diatribusikan directly attributable transaction costs.
secara langsung untuk perolehan investasi Subsequent to initial recognition,
tersebut. Setelah pengakuan awal, investments in sukuk are stated at fair
investasi pada sukuk dicatat sebesar nilai value. All changes in fair value are
wajar. Seluruh perubahan nilai wajar diakui recognized in other comprehensive
pada penghasilan komprehensif lain. Ketika income. When sukuk is derecognized,
investasi sukuk dihentikan pengakuannya, accumulated gains or losses which have
akumulasi keuntungan atau kerugian yang previously been recognized in other
sebelumnya diakui dalam penghasilan comprehensive income is reclassified to
komprehensif lain diklasifikasikan ke laba profit or loss.
PT Bank BTPN Syariah Tbk
rugi.
24
537
Page 539
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING
SIGNIFIKAN (lanjutan) POLICIES (continued)
e. Investasi pada surat berharga (lanjutan) e. Investment in marketable securities
(continued)
3) Diukur pada nilai wajar melalui laba rugi 3) Measured at fair value through profit or loss
(“FVTPL"). Pada saat pengakuan awal, (“FVTPL"). At the initial recognition,
investasi pada sukuk diukur pada nilai investments in sukuk are measured at fair
wajar tidak termasuk biaya transaksi. value excluding transaction costs.
Biaya transaksi langsung diakui pada laba Transaction costs are directly recognized in
rugi. Setelah pengakuan awal, investasi profit or loss. Subsequent to initial
pada sukuk dicatat sebesar nilai wajar. recognition, investments in sukuk are stated
Seluruh perubahan nilai wajar diakui pada at fair value. All changes in fair value are
laba rugi tahun berjalan. recognized in the current year profit or loss.
Investasi dalam unit reksa dana syariah Investments in sharia mutual funds are
dinyatakan sebesar nilai wajar yang ditentukan presented at fair value which is measured
berdasarkan nilai aset bersih dari reksa dana based on net asset value of mutual funds at
pada tanggal pelaporan. Seluruh perubahan reporting date. All changes in sharia mutual
nilai aset bersih reksa dana syariah diakui pada funds net asset value are recognized in other
penghasilan komprehensif lain. Investasi dalam comprehensive income. Investments in
unit reksa dana syariah terproteksi dinyatakan protected sharia mutual funds are presented at
sebesar biaya perolehan. acquisition cost.
Investasi pada efek ekuitas dikategorikan Investments in equity securities are categorized
sebagai aset keuangan terukur pada FVTPL. as measured-at-FVTPL financial assets. These
Aset keuangan ini diakui dan diukur pada nilai financial assets are recognized and measured
wajar. Keuntungan atau kerugian atas at fair value. Gains or losses on derecognition
penghentian pengakuan aset keuangan ini of these financial assets are recognized in profit
diakui dalam laba rugi. or loss.
f. Piutang murabahah f. Murabahah receivables
Murabahah adalah akad jual beli antara Murabahah is a sale and purchase contract
nasabah dengan Bank, dimana Bank between the customer and the Bank, whereby
membiayai kebutuhan barang untuk konsumsi, the Bank finances the goods for consumption,
investasi dan modal kerja nasabah yang dijual investment and working capital needs of the
dengan harga pokok ditambah dengan marjin customer, that are sold with a principle price
yang diketahui dan disepakati bersama. plus a certain margin that is mutually informed
Pembayaran atas pembiayaan ini dilakukan and agreed. Repayment on this financing is
dengan cara mengangsur dalam jangka waktu made in installments within a specified period.
yang ditentukan.
Piutang murabahah pada awalnya diukur pada Murabahah receivables are initially measured
nilai bersih yang dapat direalisasi ditambah at net realizable value plus directly attributable
dengan biaya transaksi yang dapat transaction costs and additional costs to obtain
diatribusikan secara langsung dan biaya the respective murabahah receivables.
tambahan untuk memperoleh piutang Subsequent to the initial recognition, they are
murabahah tersebut. Setelah pengakuan awal, measured at amortized cost using the effective
piutang murabahah diukur pada biaya rate of return method less deferred margin
perolehan diamortisasi menggunakan metode income and allowance for impairment losses.
imbal hasil efektif dikurangi pendapatan marjin
yang ditangguhkan dan cadangan kerugian
penurunan nilai.
PT Bank BTPN Syariah Tbk
25
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Page 540
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING
SIGNIFIKAN (lanjutan) POLICIES (continued)
g. Cadangan kerugian penurunan nilai piutang g. Allowance for impairment losses of
murabahah murabahah receivables
Untuk tujuan evaluasi penurunan nilai, Bank For the purpose of evaluation of impairment, the
melakukan evaluasi penurunan nilai secara Bank conducts a collective evaluation of
kolektif karena seluruh piutang murabahah impairment because all murabahah receivables
memiliki nilai tidak signifikan secara individu. have individually insignificant value.
Untuk penurunan nilai secara kolektif ini, Bank For this collective impairment, the Bank
mengelompokkan portofolio piutang classifies the receivables portfolio based on the
berdasarkan kesamaan karakteristik risiko similarity of credit risk characteristics, that is
kredit yaitu antara nasabah yang diberikan between customers who were given
restrukturisasi dan nasabah yang tidak restructuring and customers who were not
direstrukturisasi, dimana metode yang restructured, were the method used follows the
digunakan mengikuti incurred loss atau incurred losses or regulatory reporting.
regulatory reporting.
Bank menggunakan model analisa statistik The Bank uses statistical analysis models in
dalam perhitungan cadangan kerugian determining the collective impairment loss
penurunan nilai secara kolektif ini, yaitu metode allowance, that are the migration analysis
migration analysis. method.
Pada metode migration analysis, Bank In the migration analysis method, the Bank
menentukan tingkat kerugian dari portofolio determines the loss rate of the portfolio from the
selama periode antara terjadinya peristiwa period between the occurrence of a default event
gagal bayar dengan saat kerugian teridentifikasi and the identification of a loss for each identified
untuk setiap portofolio yang teridentifikasi portfolio within 12 months. Impairment losses on
dalam jangka waktu 12 bulan. Kerugian murabahah receivables are measured at the
penurunan nilai atas piutang murabahah diukur difference between the carrying amount of the
sebesar selisih antara nilai tercatat piutang murabahah receivables and the estimated future
murabahah dengan nilai estimasi arus kas cash flows.
masa datang.
Ketika pembiayaan yang diberikan tidak When a financing is uncollectible, it is written-off
tertagih, pembiayaan tersebut dihapusbuku against the related allowance for impairment
dengan menjurnal balik cadangan kerugian losses. Such financing is written-off after all
penurunan nilai. Pembiayaan tersebut dapat necessary procedures have been completed and
dihapusbukukan setelah semua prosedur yang the amount of the loss has been determined.
diperlukan telah terpenuhi dan jumlah kerugian Impairment charges are recognized as
telah ditentukan. Beban penurunan nilai diakui “provision for allowance for impairment losses”.
sebagai “Pembentukan cadangan kerugian
penurunan nilai”.
Penerimaan kembali atas pembiayaan yang Subsequent recoveries of financing written off in
telah dihapusbukukan pada tahun berjalan the current year are credited to the provision for
dikreditkan pada akun pembentukan cadangan allowance for impairment losses account.
kerugian penurunan nilai. Penerimaan kembali Subsequent recoveries of financing written off in
atas pembiayaan yang telah dihapusbukukan previous year are recognized as other operating
pada tahun sebelumnya dicatat sebagai income.
pendapatan operasi lainnya.
PT Bank BTPN Syariah Tbk
26
539
Page 541
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING
SIGNIFIKAN (lanjutan) POLICIES (continued)
h. Pinjaman qardh h. Funds of qardh
Pinjaman qardh adalah penyaluran dana Funds of qardh represent a distribution of funds
dengan akad qardh. with qardh agreement.
Pinjaman qardh adalah penyediaan dana atau Funds of qardh represent funds provided or
tagihan yang dapat dipersamakan berdasarkan similar claims based on an agreement or
persetujuan atau kesepakatan antara peminjam contract between the borrower and the Bank,
dan Bank yang mewajibkan peminjam melunasi wherein the borrower should repay the loan after
hutangnya setelah jangka waktu tertentu. a specified period of time.
Pinjaman qardh diakui sebesar total dana yang Funds of qardh are recognized in the amount
dipinjamkan kepada peminjam pada saat lent to the borrower at the transaction date. The
terjadinya. Bank dapat menerima imbalan Bank may receive a fee, however, this should not
namun tidak diperkenankan untuk be stated in the agreement. The fee is
dipersyaratkan di dalam perjanjian. Imbalan recognized upon receipt.
tersebut diakui pada saat diterima.
Pinjaman qardh disajikan sebesar saldonya Funds of qardh are stated at their outstanding
dikurangi cadangan kerugian penurunan nilai. balances less allowance for impairment losses.
i. Pembiayaan musyarakah i. Musyarakah financing
Pembiayaan musyarakah adalah akad Musyarakah financing is an agreement between
kerjasama antara dua pihak atau lebih untuk two or more parties for a particular business, in
suatu usaha tertentu, dimana masing -masing which each party contributes funds with the
pihak memberikan kontribusi dana dengan terms that profits are shared according to the
ketentuan bahwa keuntungan dibagi agreement, while losses are borne by each party
berdasarkan kesepakatan, sedangkan kerugian proportionate to the amount of fund
berdasarkan porsi kontribusi dana. Dana contributions. The fund consists of cash or non-
tersebut meliputi kas atau aset non -kas yang cash assets allowed by sharia.
diperkenankan oleh syariah.
Pembiayaan musyarakah dinyatakan sebesar Musyarakah financing is stated at outstanding
saldo pembiayaan dikurangi dengan saldo balance, net of allowance for impairment losses.
cadangan kerugian penurunan nilai. Bank The Bank provides allowance for impairment
menetapkan cadangan kerugian penurunan losses based on the financing quality as
nilai sesuai dengan kualitas pembiayaan determined by a review of each account.
berdasarkan penelaahan atas masing -masing
saldo pembiayaan.
Cadangan kerugian penurunan nilai atas The allowance for impairment losses on
pembiayaan musyarakah dihitung dengan musyarakah financing is calculated using the
pendekatan sesuai pencadangan menurut regulatory provisioning approach. Since 2024,
penerapan yang diatur oleh regulator. Sejak the Bank uses probability of default and loss
2024, Bank menggunakan probability of default given default to calculate the loss rate in
dan loss given default untuk menghitung tingkat
calculation of allowance for impairment losses.
kerugian dalam menghitung cadangan kerugian
penurunan nilai.
PT Bank BTPN Syariah Tbk
27
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Page 542
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING
SIGNIFIKAN (lanjutan) POLICIES (continued)
j. Aset keuangan dan liabilitas keuangan j. Financial assets and financial liabilities
Aset keuangan Bank dan Entitas Anak terutama The Bank and Subsidiary’s financial assets
terdiri dari kas, giro dan penempatan pada Bank mainly consist of cash, current accounts and
Indonesia, giro pada bank-bank lain, placements with Bank Indonesia, current
penempatan pada bank-bank lain, investasi accounts with other banks, placements with
pada surat berharga, piutang murabahah, other banks, investments in marketable
pinjaman qardh, pembiayaan musyarakah dan securities, murabahah receivables, funds of
aset lain-lain. qardh, musyarakah financing and other assets
Liabilitas keuangan Bank dan Entitas Anak The Bank and Subsidiary’s financial liabilities
terutama terdiri dari liabilitas segera, bagi hasil mainly consist of liabilities due immediately ,
yang belum dibagikan, simpanan nasabah, undistributed revenue sharing, deposits from
surat berharga yang diterbitkan, liabilitas sewa, customers, securities issued, lease liabilities ,
akrual dan liabilitas lain - lain tertentu. certain accruals and other liabilities.
j.1. Pengakuan j.1. Recognition
Pada saat pengakuan awal, aset keuangan A financial asset or financial liability is initially
atau liabilitas keuangan diukur pada nilai measured at fair value plus/less (for financial
wajar ditambah/dikurangi (untuk instrumen instruments not subsequently measured at
keuangan yang tidak diukur pada nilai wajar fair value through profit or loss) transaction
melalui laba rugi setelah pengakuan awal) costs that are directly attributable to the
biaya transaksi yang dapat diatribusikan acquisition of a financial asset or issuance of
secara langsung atas perolehan aset a financial liability. The subsequent
keuangan atau penerbitan liabilitas measurement of financial assets and
keuangan. Pengukuran aset keuangan dan financial liabilities is described in respective
liabilitas keuangan setelah pengakuan awal notes for current accounts and placements
dijelaskan pada catatan masing -masing with bank Indonesia (Note 3b), current
yaitu giro dan penempatan pada Bank accounts with other banks (Note 3c),
Indonesia (Catatan 3b), giro pad a bank- placements with other banks (Note 3d),
bank lain (Catatan 3c), penempatan pada investments in marketable securities (Note
bank-bank lain (Catatan 3d), investasi pada 3e), murabahah receivables (Note 3f), funds
surat berharga (Catatan 3e), piutang of qardh (Note 3h), musyarakah financing
murabahah (Catatan 3f), pinjaman qardh (Note 3i), liabilities due immediately (Note
(Catatan 3h), pembiayaan musyarakah 3m), deposits from customers (Note 3n), and
(Catatan 3i), liabilitas segera (Catatan 3m), lease liabilities (Note 3u).
simpanan nasabah (Catatan 3n), dan
liabilitas sewa (Catatan 3u).
Biaya transaksi hanya meliputi biaya-biaya Transaction costs include only those costs
yang dapat diatribusikan secara langsung that are directly attributable to the acquisition
untuk perolehan suatu aset keuangan atau of a financial asset or issuance of a financial
penerbitan suatu liabilitas keuangan dan liability and are incremental costs that would
merupakan biaya tambahan yang tidak akan not have been incurred if the instruments had
terjadi apabila instrumen keuangan tersebut not been acquired or issued. In the case of
tidak diperoleh atau diterbitkan. Untuk aset financial assets, transaction costs are added
keuangan, biaya transaksi ditambahkan to the amount recognized initially, while for
pada jumlah yang diakui pada awal financial liabilities, transaction costs are
pengakuan aset, sedangkan untuk liabilitas deducted from the amount of debt
keuangan, biaya transaksi dikurangkan recognized initially. Such transaction costs
dari jumlah utang yang diakui pada awal are amortised over the terms of the
pengakuan liabilitas. Biaya transaksi instruments based on the effective interest
tersebut diamortisasi selama umur method and are recorded as part of interest
PT Bank BTPN Syariah Tbk
instrumen berdasarkan metode suku bunga income for transaction costs related to
efektif dan dicatat sebagai bagian dari financial assets or interest expense for
pendapatan bunga untuk biaya transaksi transaction costs related to financial
sehubungan dengan aset keuang an atau liabilities.
sebagai bagian dari beban bunga untuk
biaya transaksi sehubungan dengan
liabilitas keuangan.
28
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING
SIGNIFIKAN (lanjutan) POLICIES (continued)
j. Aset Keuangan dan Liabilitas Keuangan j. Financial Assets and Financial Liabilities
(lanjutan) (continued)
j.2. Penghentian pengakuan j.2. Derecognition
Bank dan Entitas Anak menghentikan The Bank and Subsidiary derecognise a
pengakuan aset keuangan pada saat hak financial asset when the contractual rights to
kontraktual atas arus kas yang berasal dari the cash flows from the financial asset expire,
aset keuangan tersebut kadaluwarsa, atau or when the Bank and Subsidiary transfer the
Bank dan Entitas Anak mentransfer seluruh rights to receive the contractual cash flows on
hak untuk menerima arus kas kontraktual the financial asset in a transaction in which
dari aset keuangan dalam transaksi dimana substantially all the risks and rewards of
Bank dan Entitas Anak secara substansial ownership of the financial asset are
telah mentransfer seluruh risiko dan manfaat transferred. Any interest in transferred
atas kepemilikan aset keuangan yang financial assets that is created or retained by
ditransfer. Setiap hak atau liabilitas atas aset the Bank and Subsidiary is recognized as a
keuangan yang ditransfer yang timbul atau separate asset or liability.
yang masih dimiliki oleh Bank dan Entitas
Anak diakui sebagai aset atau liabilitas
secara terpisah.
Bank dan Entitas Anak menghentikan The Bank and Subsidiary derecognise a
pengakuan liabilitas keuangan pada saat financial liability when its contractual
liabilitas yang ditetapkan dalam kontrak obligations are discharged or cancelled or
dilepaskan atau dibatalkan atau expired.
kadaluwarsa.
Dalam transaksi dimana Bank dan Entitas In transactions in which the Bank and
Anak secara substansial tidak memiliki atau Subsidiary neither retain nor transfer
tidak mentransfer seluruh risiko dan manfaat substantially all the risks and rewards of
atas kepemilikan aset keuangan. Bank dan ownership of a financial asset, the Bank and
Entitas Anak menghentikan pengakuan aset Subsidiary derecognise the asset if they do not
tersebut jika Bank dan Entitas Anak tidak retain control over the asset. The rights and
lagi memiliki pengendalian atas aset obligations retained in the transfers are
tersebut. Hak dan kewajiban yang masih recognized separately as assets and liabilities
dimiliki dalam transfer tersebut diakui secara as appropriate. In transfers in which control
terpisah sebagai aset atau liabilitas. Dalam over the asset is retained, the Bank and
transfer dimana pengendalian atas aset Subsidiary continue to recognise the asset to
masih dimiliki, Bank dan Entitas Anak tetap the extent of their continuing involvement,
mengakui aset yang ditransfer tersebut determined by the extent to which it is exposed
sebesar keterlibatan berkelanjutan, dimana to changes in the value of the transferred
tingkat keberlanjutan Bank dan Entitas Anak asset.
dalam aset yang ditransfer adalah sebesar
perubahan nilai aset yang ditransfer.
Bank dan Entitas Anak menghapus bukukan The Bank and Subsidiary write off a financial
aset keuangan dan cadangan kerugian asset and any related allowance for
penurunan nilai terkait, pada saat Bank dan impairment losses, when the Bank and
Entitas Anak menentukan bahwa aset Subsidiary determine that the financial asset is
keuangan tersebut tidak dapat ditagih completely uncollectible. This determination is
seluruhnya. Keputusan ini diambil setelah reached after considering information such as
mempertimbangkan informasi seperti telah the occurrence of significant changes in the
PT Bank BTPN Syariah Tbk
terjadinya perubahan signifikan pada posisi financial position of borrower/financial asset’s
keuangan debitur/penerbit aset keuangan issuer such that the borrower/financial asset’s
sehingga debitur/penerbit aset keuangan issuer can no longer pay the obligation, or that
tidak lagi dapat melunasi kewajibannya, proceeds from collateral will not be sufficient to
atau hasil penjualan agunan tidak akan pay back the entire exposure.
cukup untuk melunasi seluruh eksposur
yang diberikan.
29
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING
SIGNIFIKAN (lanjutan) POLICIES (continued)
j. Aset keuangan dan liabilitas keuangan j. Financial assets and financial liabilities
(lanjutan) (continued)
j.3. Saling hapus j.3. Offsetting
Aset keuangan dan liabilitas keuangan Financial assets and liabilities are offset and
disalinghapuskan dan jumlah netonya the net amount is reported in the statement
dilaporkan pada laporan posisi keuangan of financial position when there is a legally
ketika terdapat hak yang berkekuatan enforceable right to offset the recognized
hukum untuk melakukan saling hapus atas amounts and there is an intention to settle on
jumlah yang telah diakui tersebut dan a net basis, or realise the asset and settle the
adanya niat untuk menyelesaikan liabilitas liability simultaneously. The legally
secara bersamaan. Hak saling hapus tidak enforceable right must not be contingent on
kontijen atas peristiwa di masa depan dan future events and must be enforceable in the
dapat dipaksakan secara hukum dalam normal course of business and in the event
situasi bisnis yang normal dan dalam of default, or in solvency or bankruptcy of the
peristiwa gagal bayar, atau peristiwa Bank and Subsidiary or the counterparty.
kepailitan atau kebangkrutan Bank dan
Entitas Anak atau pihak lawan.
Pendapatan dan beban disajikan dalam Income and expenses are presented on a
jumlah bersih hanya jika diperkenankan oleh net basis only when permitted by the
standar akuntansi. accounting standards.
k. Aset tetap dan aset takberwujud k. Fixed assets and intangible assets
Aset tetap Fixed assets
Tanah tidak disusutkan. Sejak tanggal Land is not depreciated. Since 28 February 2016
28 Februari 2016 tanah dinilai dengan metode land is measured using revaluation method.
revaluasi. Tanah disajikan sebesar nilai wajar Land is shown at fair value, based on valuation
berdasarkan penilaian yang dilakukan oleh performed by external independent valuer which
penilai independen eksternal yang telah is registered at OJK. Valuations are performed
terdaftar di OJK. Penilaian atas aset tersebut with sufficient regularity to ensure that the fair
dilakukan secara berkala untuk memastikan value of a revalued asset does not differ
bahwa nilai wajar aset yang direvaluasi tidak materially from its carrying amount. Fair value
berbeda secara material dengan jumlah changes are recognized as “asset revaluation
tercatatnya. Selisih nilai wajar diakui sebagai reserve” which is an equity component.
“cadangan revaluasi aset” yang merupakan
komponen ekuitas.
Jika aset yang direvaluasi dijual, jumlah yang When revalued assets are sold, the amounts
dicatat di dalam ekuitas dipindahkan ke saldo included in equity are transferred to retained
laba. earnings.
PT Bank BTPN Syariah Tbk
30
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING
SIGNIFIKAN (lanjutan) POLICIES (continued)
k. Aset tetap dan aset takberwujud (lanjutan) k. Fixed assets and intangible asset s
(continued)
Aset tetap (lanjutan) Fixed assets (continued)
Aset tetap, selain tanah, dinyatakan sebesar Fixed assets, except land, are stated at
biaya perolehan dikurangi akumulasi acquisition cost less accumulated depreciation
penyusutan dan rugi penurunan nilai (jika ada). and impairment losses (if any). Acquisition cost
Biaya perolehan termasuk biaya penggantian includes the cost of replacing parts of fixed
bagian aset tetap saat biaya tersebut terjadi, jika assets when the cost is incurred, if the
memenuhi kriteria pengakuan. Semua biaya recognition criteria are met. All other repair and
pemeliharaan dan perbaikan yang tidak maintenance costs which do not meet the
memenuhi kriteria pengakuan diakui dalam laba recognition criteria are recognized in profit or
rugi pada saat terjadinya. Pada setiap tanggal loss as incurred. At each reporting date, the
pelaporan, nilai residu, umur manfaat, dan residual value, useful life, and depreciation
metode penyusutan ditelaah kembali dan jika method are reviewed and if appropriate with the
sesuai dengan keadaan, disesuaikan secara condition, adjusted prospectively.
prospektif.
Aset tetap, selain tanah, disusutkan selama Fixed assets, except land, are depreciated over
taksiran masa manfaat ekonomis aset tetap their expected useful lives using straight-line
dengan metode garis lurus dan diakui sebesar method and are stated at acquisition cost less
harga perolehan setelah dikurangi dengan accumulated depreciation.
akumulasi penyusutan.
Taksiran masa manfaat ekonomis aset tetap The expected useful lives of fixed assets are as
adalah sebagai berikut: follows:
Tahun/Years
Gedung 20 Buildings
Golongan I: Class I:
Kendaraan bermotor 4 Vehicles
Perlengkapan kantor 4 Office equipment
Golongan II: Class II:
Kendaraan bermotor 3&5 Vehicles
Perlengkapan kantor 5 Office equipment
Leasehold improvement sesuai masa sewa/according to Leasehold improvement
lease period
Perlengkapan kantor terdiri dari perabotan dan Office equipment consists of furniture and
perlengkapan, instalasi, perangkat keras fixture, installation, computer hardware,
komputer, peralatan komunikasi dan peralatan communication and other office equipment.
kantor lainnya.
Jumlah tercatat aset tetap dihentikan The carrying amount of fixed assets is
pengakuannya pada saat dilepaskan atau saat derecognized upon disposal or when no future
tidak ada manfaat ekonomis masa depan yang economic benefits are expected from its use or
diharapkan dari penggunaan atau disposal. Any gains or losses arising from
pelepasannya. Laba atau rugi yang timbul dari derecognition of fixed assets (calculated as the
penghentian pengakuan aset (dihitung sebagai difference between the net proceeds from
perbedaan antara jumlah neto hasil pelepasan disposal and the carrying amount of the assets)
dan jumlah tercatat dari aset) diakui dalam laba are recognized in profit or loss in the period when
rugi pada periode aset tersebut dihentikan those assets are derecognized.
pengakuannya.
Bank dan Entitas Anak menelaah apakah The Bank and Subsidiary review whether there
terdapat indikasi penurunan nilai aset pada are indications of impairment on reporting date.
PT Bank BTPN Syariah Tbk
tanggal pelaporan. Apabila terdapat indikasi If there are any indications of impairment, the
penurunan nilai aset, Bank dan Entitas Anak Bank and Subsidiary estimate the recoverable
mengestimasi jumlah yang dapat diperoleh amount of the asset. Impairment losses are
kembali dari aset tersebut. Kerugian penurunan charged to the current year profit or loss.
nilai diakui dalam laba rugi tahun berjalan.
31
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING
SIGNIFIKAN (lanjutan) POLICIES (continued)
k. Aset tetap dan aset takberwujud (lanjutan) k. Fixed assets and intangible assets
(continued)
Aset takberwujud Intangible assets
Piranti lunak diakui sebesar harga perolehan Software is recognized at acquisition cost and
dan selanjutnya dicatat sebesar harga subsequently carried at acquisition cost less
perolehan dikurangi akumulasi amortisasi. accumulated amortisation.
Biaya yang terkait dengan pemeliharaan Costs associated with maintaining software
program piranti lunak diakui sebagai beban programs are recognized as expense when
pada saat terjadinya. Biaya pengembangan incurred. Development costs, which are directly
yang dapat secara langsung diatribusikan dalam attributable to the design and testing of
pembuatan dan pengujian produk piranti lunak identifiable software by the Bank and Subsidiary ,
yang dapat diidentifikasi oleh Bank dan Entitas is recognized as intangible assets.
Anak diakui sebagai aset takberwujud.
Biaya yang dapat diatribusikan secara langsung Directly attributable costs are capitalised as part
dikapitalisasi sebagai bagian produk piranti of the software product which include the
lunak mencakup beban pekerja pengembang software development employee costs and an
piranti lunak dan bagian overhead yang relevan. appropriate portion of relevant overheads.
Pengeluaran pengembangan yang lain yang Other development expenditures which do not
tidak memenuhi kriteria ini diakui sebagai beban meet these criteria, are recognized as expenses
pada saat terjadinya. Biaya pengembangan as incurred. Development costs previously
yang sebelumnya diakui sebagai beban tidak recognized as expenses are not recognized as
dapat diakui sebagai aset pada periode assets in a subsequent period.
berikutnya.
Biaya pengembangan piranti lunak diakui Software development costs recognized as
sebagai aset yang diamortisasi selama estimasi assets are amortised over their estimated useful
masa manfaat, yang tidak lebih dari empat lives, which do not exceed four and five years or
tahun dan lima tahun atau tidak lebih dari tarif do not exceed 25% and 20% amortisation rate
amortisasi 25% dan 20% dan dihitung dengan and calculated using the straight-line method.
menggunakan metode garis lurus.
Aset takberwujud dihentikan pengakuannya saat Intangible assets shall be derecognized on
aset tersebut dilepas atau ketika tidak lagi disposal or when no future economic benefits are
terdapat manfaat masa depan yang diharapkan expected from its use or disposal.
dari penggunaan atau pelepasannya.
l. Aset lain-lain l. Other assets
Aset lain-lain antara lain terdiri dari uang muka, Other assets consist of advances, security
setoran jaminan, dan lain -lain. deposits, and others.
Bank dan Entitas Anak mengakui kerugian The Bank and Subsidiary recognise impairment
penurunan nilai untuk aset lain -lain apabila of other assets if the recoverable amount of the
taksiran jumlah yang dapat diperoleh kembali assets is lower than the carrying value. At each
(recoverable amount) dari suatu aset lebih reporting date, the Bank and Subsidiary evaluate
rendah dari nilai tercatatnya. Pada setiap tanggal the recoverable amount of the assets to
pelaporan, Bank dan Entitas Anak melakukan determine whether there is an indication of
penelaahan atas jumlah yang dapat dipulihkan impairment. The impairment losses are
untuk menentukan apakah terdapat indikasi recognized in the current year profit or loss.
penurunan nilai. Kerugian penurunan nilai diakui
PT Bank BTPN Syariah Tbk
dalam laba rugi tahun berjalan.
32
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Page 547
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING
SIGNIFIKAN (lanjutan) POLICIES (continued)
m. Liabilitas segera m. Liabilities due immediately
Liabilitas segera merupakan kewajiban Bank Liabilities due immediately represent the Bank
dan Entitas Anak kepada pihak lain yang sifatnya and Subsidiary’s liabilities to other parties which
wajib segera dibayarkan sesuai perintah should be settled immediately based on
pemberi amanat perjanjian yang ditetapkan predetermined instructions by those having the
sebelumnya. Liabilitas segera dinyatakan authority. Liabilities due immediately are stated
sebesar nilai kewajiban Bank dan Entitas Anak at the amounts of the Bank and Subsidiary’s
kepada pemberi amanat. liabilities to the trustee.
n. Simpanan nasabah n. Deposits from customers
Simpanan nasabah adalah dana yang Deposits from customers are the funds placed by
dipercayakan oleh masyarakat kepada Bank customers to the Bank based on fund deposits
berdasarkan perjanjian penyimpanan dana. agreements. Included in these accounts are
Termasuk di dalamnya adalah giro wadiah dan wadiah demand deposits and wadiah saving
tabungan wadiah. deposits.
Giro wadiah merupakan giro wadiah yadh- Wadiah demand deposits are wadiah yadh-
dhamanah yakni titipan dana pihak lain dimana dhamanah demand deposits in which the funds
pemilik dana mendapatkan bonus berdasarkan owners will get bonus based on the Bank’s
kebijakan Bank. Giro wadiah dicatat sebesar policy. Wadiah demand deposits are stated at
saldo titipan pemegang giro wadiah. the amount entrusted by depositors.
Tabungan wadiah merupakan simpanan pihak Wadiah saving deposits represent third party
lain yang bisa diambil kapan saja funds which can be taken at any time (on call) or
(on call) atau berdasarkan kesepakatan dimana by an agreement which required no reward
tidak ada imbalan yang disyaratkan kecuali except in the form of bonus ('Athaya’) provided
dalam bentuk pemberian (‘Athaya’) sukarela dari by the Bank voluntarily.
pihak Bank.
o. Dana syirkah temporer o. Temporary syirkah funds
Dana syirkah temporer merupakan investasi Temporary syirkah funds represent investments
dengan akad mudharabah mutlaqah, yaitu from other parties conducted on the basis
pemilik dana (shahibul maal) memberikan mudharabah mutlaqah contract in which the
kebebasan kepada pengelola dana owners of the funds (shahibul maal) grant
(mudharib/Bank) dalam pengelolaan freedom to the fund manager (mudharib/Bank) in
investasinya sesuai prinsip syariah dengan the management of their investments according
keuntungan dibagikan sesuai kesepakatan. to sharia principle with profit distributed based on
Dana syirkah temporer terdiri dari tabungan the agreement. Temporary syirkah funds consist
mudharabah dan deposito mudharabah. of mudharabah saving deposits and mudharabah
time deposits.
Tabungan mudharabah merupakan investasi Mudharabah saving accounts represent
yang bisa ditarik kapan saja (on call) atau sesuai investment which could be withdrawn anytime
dengan persyaratan tertentu yang disepakati. (on call) or can be withdrawn based on certain
Tabungan mudharabah dinyatakan sebesar agreed terms. Mudharabah saving deposits are
saldo tabungan nasabah di Bank. stated based on the customer’s savings deposit
balance at the Bank.
PT Bank BTPN Syariah Tbk
33
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Page 548
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING
SIGNIFIKAN (lanjutan) POLICIES (continued)
o. Dana syirkah temporer (lanjutan) o. Temporary syirkah funds (continued)
Deposito mudharabah merupakan investasi Mudharabah time deposits represent investment
yang hanya bisa ditarik pada waktu tertentu which can only be withdrawn at a certain time
sesuai dengan perjanjian antara pemegang based on the agreement between the customer
deposito mudharabah dengan Bank. Deposito and the Bank. Mudharabah time deposits are
mudharabah dinyatakan sebesar nilai nominal stated at nominal amount as agreed between the
sesuai dengan perjanjian antara pemegang deposit holder and the Bank.
deposito dengan Bank.
Dana syirkah temporer tidak dapat digolongkan Temporary syirkah funds cannot be classified as
sebagai liabilitas karena Bank tidak berkewajiban liability because the Bank does not have any
untuk menjamin pengembalian jumlah dana awal obligation to return the initial funds to the owners
dari pemilik dana bila Bank merugi kecuali if the Bank experiences losses, except for losses
kerugian akibat kelalaian atau wanprestasi. Di sisi due to the Bank’s management negligence or
lain, dana syirkah temporer tidak dapat default. On the other hand, temporary syirkah
digolongkan sebagai ekuitas karena mempunyai fund cannot be classified as equity because of the
waktu jatuh tempo dan pemilik dana tidak maturity period and the depositors do not have the
mempunyai hak kepemilikan yang sama dengan same rights as the shareholders, such as voting
pemegang saham seperti hak voting dan hak rights and the rights to the realised gain from
atas realisasi keuntungan yang berasal dari aset current assets and other non-investment
lancar dan aset non -investasi. accounts.
Pemilik dana syirkah temporer mendapatkan The owner of temporary syirkah funds receives
imbalan bagi hasil sesuai dengan nisbah yang a return from the profit sharing based on a
ditetapkan. predetermined ratio.
p. Pendapatan pengelolaan dana oleh Bank p. Income from fund management by the Bank
sebagai mudharib as mudharib
Pendapatan pengelolaan dana oleh Bank Income from fund management by the Bank as
sebagai mudharib terdiri atas pendapatan dari mudharib consists of income from sales and
jual beli-margin murabahah, pendapatan bagi purchases-murabahah margin, income from
hasil-pembiayaan musyarakah, dan profit sharing-musyarakah financing and other
pendapatan usaha utama lainnya. main operating income.
Pengakuan pendapatan atas piutang The revenue recognition of murabahah
murabahah yang tidak memiliki risiko yang receivables, which do not have significant risk in
signifikan terkait dengan kepemilikan relation with the ownership of inventory, are
persediaan diakui pada laba rugi dengan recognized in the profit or loss using the effective
menggunakan metode tingkat imbal hasil efektif. rate of return method.
Tingkat imbal hasil efektif merupakan metode Effective rate of return is an allocation method of
alokasi pengakuan pendapatan dan merupakan revenue recognition and the rate which exactly
tingkat imbal hasil yang secara tepat discounts the estimated future cash receipts
mendiskontokan estimasi penerimaan kas di through the expected life of the murabahah
masa depan selama perkiraan umur dari piutang receivable to obtain the carrying amount of
murabahah untuk memperoleh nilai tercatat murabahah receivables. When calculating the
piutang murabahah. Pada saat menghitung effective rate of return, the Bank estimates future
tingkat imbal hasil efektif, Bank mengestimasi cash flows by considering all contractual terms
arus kas di masa datang dengan of the murabahah receivables, but does not
mempertimbangkan seluruh persyaratan consider the loss of receivables in the future.
kontraktual dalam piutang murabahah tersebut, This calculation includes all commissions,
tetapi tidak mempertimbangkan kerugian provisions and other forms received by the
piutang di masa mendatang. Perhitungan ini parties in a contract which are an integral part of
mencakup seluruh komisi, provisi dan bentuk the effective rate of return, transaction costs and
lain yang diterima oleh para pihak dalam akad all other premiums or discounts.
PT Bank BTPN Syariah Tbk
yang merupakan bagian tidak terpisahkan dari
tingkat imbal hasil efektif, biaya transaksi, dan
seluruh premi atau diskon lainnya.
34
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING
SIGNIFIKAN (lanjutan) POLICIES (continued)
p. Pendapatan pengelolaan dana oleh Bank p. Income from fund management by the Bank
sebagai mudharib (lanjutan) as mudharib (continued)
Untuk pengakuan pendapatan atas piutang For the recognition of margin income on
murabahah yang telah direstrukturisasi dengan restructured murabahah receivables with
payment holiday atau skema penundaan payment holidays or a scheme to postpone
pembayaran cicilan, Bank hanya mengakui installment payments, the Bank will only
pendapatan marjin apabila Bank cukup yakin recognise margin income if the Bank has a
bahwa pembayaran angsuran akan diterima reasonable certainty that an installment payment
sesuai dengan kesepakatan dengan nasabah. will be received in accordance with the
agreement with the customers.
Pendapatan bagi hasil - pembiayaan Income from profit sharing - musyarakah
musyarakah diakui dalam periode terjadinya hak financing is recognized during the period of profit
bagi hasil sesuai nisbah yang disepakati. sharing in accordance with the pre-determined
ratio.
q. Hak pihak ketiga atas bagi hasil dana q. Third parties' shares on return of temporary
syirkah temporer syirkah funds
Hak pihak ketiga atas bagi hasil dana syirkah Third parties’ share on returns of temporary
temporer merupakan bagian bagi hasil milik syirkah funds represent customer’s share on the
nasabah yang didasarkan pada prinsip Bank’s income derived from the management of
mudharabah atas hasil pengelolaan dana their funds by the Bank under mudharabah
mereka oleh Bank. Pendapatan yang dibagikan principles. Income which will be distributed is the
adalah yang telah diterima (cash basis). cash received (cash basis).
Pendapatan marjin atas pembiayaan yang Margin income on financing facilities and other
diberikan dan atas aset produktif lainnya earning assets (placements with Bank Indonesia
(penempatan pada Bank Indonesia dan and investments in marketable securities) are
investasi pada surat berharga) akan dibagikan distributed to funds owners and the Bank based
kepada nasabah pemilik dana dan Bank sesuai on proportion of funds used in the financing and
dengan proporsi dana yang dipakai dalam other earning assets. Likewise, the available
pembiayaan yang diberikan dan aset produktif margin income then distributed to fund owners
lainnya. Selanjutnya, pendapatan marjin yang as shahibul maal and the Bank as mudharib
tersedia tersebut kemudian didistribusikan ke based on a pre-determined ratio (nisbah).
nasabah pemilik dana sebagai shahibul maal
dan Bank sebagai mudharib sesuai porsi nisbah
bagi hasil yang telah disepakati bersama
sebelumnya.
Pendapatan marjin dari pembiayaan dan aset Margin income from financing facilities and other
produktif lainnya yang memakai dana Bank, earning assets using the Bank's funds, are
seluruhnya menjadi milik Bank, termasuk entirely belong to the Bank, including income
pendapatan dari transaksi Bank berbasis from the Bank's fee-based transactions.
imbalan.
PT Bank BTPN Syariah Tbk
35
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING
SIGNIFIKAN (lanjutan) POLICIES (continued)
r. Pendapatan dan beban operasional lainnya r. Other operating income and expenses
Beban operasional lainnya terutama beban Other operating expenses mostly consist of
umum dan administrasi serta beban tenaga general and administrative expenses and
kerja karyawan merupakan beban yang timbul personnel expenses which represent expenses
sehubungan dengan aktivitas kantor dan related to the Bank and Subsidiary’s office and
operasional Bank dan Entitas Anak, serta beban operational activities, including salaries and
yang berupa gaji karyawan, bonus, lembur, wages, bonuses, overtime, allowances and
tunjangan dan pelatihan. training.
Seluruh pendapatan dan beban yang terjadi All of these income and expenses are recorded
dibebankan pada laba rugi pada saat timbulnya in profit or loss when rights and obligations
hak dan kewajiban. incurred.
s. Imbalan kerja s. Employee benefits
Imbalan kerja jangka pendek Short-term employee benefits
Imbalan kerja jangka pendek diakui pada saat Short-term employee benefits are recognized
terutang kepada karyawan. when they are payable to the employees.
Imbalan pascakerja Post-employment benefits
Liabilitas imbalan pasca-kerja untuk karyawan The obligation for post-employment benefits of
tetap dihitung sebesar nilai kini estimasi jumlah permanent employee is calculated at the present
liabilitas imbalan pasca-kerja di masa depan value of estimated future benefits that the
yang timbul dari jasa yang telah diberikan oleh employees have earned in return for their
karyawan pada masa kini dan masa lalu. services in the current and prior periods. The
Perhitungan dilakukan oleh aktuaris calculation is performed by a qualified actuary
berkualifikasi dengan metode projected unit using the projected unit credit method.
credit.
Keuntungan atau kerugian yang timbul dari Gains or losses arising from actuarial
pengukuran kembali aktuarial atas liabilitas remeasurements of the net defined benefit
imbalan pasti neto diakui segera dalam liability are recognized immediately in other
penghasilan komprehensif lain. Ketika manfaat comprehensive income. When the benefits of a
suatu program diubah atau terjadi kurtailmen, plan are changed or when a plan is curtailed, the
perubahan manfaat yang terkait dengan jasa resulting change in benefit that relates to past
lalu atau keuntungan atau kerugian dari service or the gain or loss on curtailment is
kurtailmen diakui segera dalam laba rugi. recognized immediately in profit or loss.
Pada 31 Desember 2024 dan 2023, liabilitas As of 31 December 2024 and 2023, PKWT
imbalan pasca-kerja untuk karyawan PKWT (Specific Time Employment Agreements)
(Perjanjian Kerja Waktu Tertentu) dihitung employee post-employment benefit obligations
secara internal dengan metode historical are calculated internally using the historical
stayrate. stayrate method.
Imbalan kerja jangka panjang lainnya Other long-term employee benefits
Kewajiban bersih Bank sehubungan dengan The Bank’s net obligation in respect of long-term
imbalan kerja jangka panjang selain imbalan employee benefits other than post-employment
pascakerja adalah jumlah imbalan masa depan benefits is the amount of future benefits that
yang diterima karyawan sebagai imbalan atas employees have earned in return for their
jasa periode kini dan periode lalu. Imbalan ini services in the current and prior periods. These
dihitung dengan menggunakan metode benefits are calculated using the projected unit
projected unit credit dan didiskontokan ke nilai credit method and discounted to present value.
kini. Keuntungan dan kerugian aktuarial yang Actuarial gains and losses arising from
PT Bank BTPN Syariah Tbk
timbul dari penyesuaian dan perubahan dalam experience adjustments and changes in
asumsi-asumsi aktuarial diakui dalam laba rugi actuarial assumptions are recognized in the
tahun berjalan. current year profit or loss.
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING
SIGNIFIKAN (lanjutan) POLICIES (continued)
t. Pajak penghasilan t. Income tax
Beban pajak penghasilan terdiri dari pajak kini Income tax expense consists of current and
dan pajak tangguhan. Beban pajak penghasilan deferred income tax. Income tax expense is
diakui pada laba rugi, kecuali untuk komponen recognized in profit or loss except to the extent
yang diakui secara langsung di ekuitas atau di that it relates to items recognized directly in
penghasilan komprehensif lain. equity or in other comprehensive income.
Beban pajak kini merupakan jumlah pajak yang Current tax expense is the amount of tax paid, or
dibayar, atau terutang atas laba atau rugi kena payable on taxable income or loss for the year
pajak untuk tahun yang bersangkutan dengan using tax rates substantively enacted as of the
menggunakan tarif pajak yang secara substantif reporting date. Current tax also includes true-up
telah berlaku pada tanggal pelaporan. Pajak kini adjustments made to the previous years' tax
juga termasuk penyesuaian yang dibuat untuk provisions either to reconcile them with the
penyisihan pajak tahun sebelumnya, baik untuk income tax reported in annual tax returns, or to
merekonsiliasi pajak penghasilan dengan pajak account for differences arising from tax
yang dilaporkan di surat pemberitahuan assessments. Current tax expense is measured
tahunan, atau untuk memperhitungkan using the best estimate of the amount expected
perbedaan yang muncul dari pemeriksaan to be paid or received, taking into consideration
pajak. Beban pajak kini diukur menggunakan the uncertainty associated with the complexity of
estimasi terbaik dari jumlah yang tax regulations.
diekspektasikan akan dibayar atau diterima,
mempertimbangkan ketidakpastian terkait
dengan kompleksitas peraturan perpajakan.
Pajak tangguhan diakui atas perbedaan Deferred tax is recognized in respect of
temporer antara nilai tercatat aset dan liabilitas temporary differences between the carrying
untuk tujuan pelaporan keuangan dan nilai yang amounts of assets and liabilities for financial
digunakan untuk tujuan perpajakan. Pajak reporting purposes and the amounts used for
tangguhan diukur dengan menggunakan tarif taxation purposes. Deferred tax is measured at
pajak yang diharapkan untuk diterapkan atas the tax rates that are expected to be applied to
perbedaan temporer pada saat pembalikan, temporary differences when they reverse, based
berdasarkan peraturan yang telah berlaku atau on the laws that have been enacted or
secara substantif telah berlaku pada tanggal substantively enacted as of the reporting date.
pelaporan.
Kebijakan akuntansi ini juga mengharuskan This accounting policy also requires the
pengakuan manfaat pajak, seperti rugi fiskal recognition of tax benefits, such as tax loss
yang belum dikompensasi, yang timbul dari carryforwards, which are originated in the
periode berjalan yang diharapkan akan current period that are expected to be realized in
direalisasi pada masa mendatang, apabila the future periods, to the extent that realization
besar kemungkinan manfaat pajak tersebut of such benefits is probable.
dapat direalisasi.
Aset pajak tangguhan merupakan saldo bersih Deferred tax assets represent the net remaining
dari manfaat pajak tangguhan yang timbul dan balance of deferred tax benefits that have been
dipergunakan sampai dengan tanggal originated and utilized through the reporting
pelaporan. Aset pajak tangguhan ditelaah ulang date. Deferred tax assets are reviewed at each
pada setiap tanggal pelaporan dan dikurangkan reporting date and are reduced to the extent that
dengan manfaat pajak sejumlah nilai yan g besar it is no longer probable that the related tax
kemungkinan tidak dapat terealisasi; benefits will be realized; such reductions are
pengurangan tersebut akan dibalik ketika reversed when the probability of their realization
kemungkinan realisasi melalui laba kena pajak through future taxable profits improves.
PT Bank BTPN Syariah Tbk
di masa depan meningkat.
Aset pajak tangguhan yang belum diakui dinilai Unrecognized deferred tax assets are
kembali pada setiap tanggal pelaporan dan reassessed at each reporting date and
diakui sepanjang kemungkinan besar laba kena recognized to the extent that it has become
pajak masa depan akan tersedia untuk probable that future taxable profits will be
digunakan. available against which they can be used.
37
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING
SIGNIFIKAN (lanjutan) POLICIES (continued)
t. Pajak penghasilan (lanjutan) t. Income tax (continued)
Bank dan Entitas Anak telah menentukan The Bank and Subsidiary have determined that
bahwa bunga dan penalti sehubungan dengan interest and penalties related to income taxes,
pajak penghasilan, termasuk yang mungkin including those that may materialize in
diterima dalam kaitannya dengan posisi pajak connection with uncertain tax positions, do not
yang mengandung ketidakpastian, tidak meet the definition of income taxes, and
memenuhi definisi pajak penghasilan, dan therefore are accounted in accordance with
dengan demikian diperlakukan sesuai dengan PSAK 237, Provisions, Contingent Liabilities and
PSAK 237, Provisi, Liabilitas Kontinjensi dan Contingent Assets.
Aset Kontinjensi.
Koreksi atas kewajiban pajak diakui pada saat Amendments to tax obligations are recognized
surat ketetapan pajak diterima, atau apabila when a tax assessment letter is received, or if
diajukan keberatan dan atau banding, maka objection and or appeal is applied, when the
koreksi diakui pada saat keputusan atas results of the objection or the appeal are
keberatan atau banding itu diterima. received.
u. Transaksi sewa u. Lease transaction
Pada tanggal insepsi suatu kontrak, Bank dan At inception of a contract, the Bank and
Entitas Anak menilai apakah suatu kontrak Subsidiary determine if a contract is, or contains,
merupakan, atau mengandung, sewa dengan a lease by considering whether the contract
mempertimbangkan apakah kontrak tersebut conveys the right to control the use of an
memberikan hak untuk mengendalikan identified asset for a period of time in exchange
penggunaan suatu aset identifikasian selama for a consideration. A contract conveys the right
suatu jangka waktu untuk dipertukarkan dengan to control the use of an identified asset if all of the
imbalan. Suatu kontrak memberikan hak untuk following conditions are met:
mengendalikan penggunaan suatu aset
identifikasian jika semua kondisi di bawah
dipenuhi:
- kontrak tersebut melibatkan penggunaan - the contract involves the use of substantially
secara substansial seluruh kapasitas dari all of the capacity of an identified asset that
aset identifikasian yang secara fisik berbeda is physically distinct (as specified explicitly or
(sebagaimana ditentukan secara eksplisit implicitly in the contract). If the supplier has
atau implisit dalam kontrak). Jika pemasok a substantive substitution right, then the
memiliki hak substitusi yang substantif, asset cannot be considered as identifiable;
maka aset tersebut tidak dapat dianggap
sebagai dapat diidentifikasi;
- Bank dan Entitas Anak memiliki hak untuk - the Bank and Subsidiary have the right to
memperoleh secara substansial semua obtain substantially all of the economic
manfaat ekonomi dari penggunaan aset benefits from the use of the asset throughout
selama periode penggunaan; dan the period of use; and
- Bank dan Entitas Anak memiliki hak untuk - the Bank and Subsidiary have the right to
mengarahkan penggunaan aset: yaitu direct the use of the asset: i.e. they have
memiliki hak pengambilan keputusan yang decision-making rights that are most relevant
paling relevan untuk mengubah bagaimana to changing how and for what purpose the
dan untuk tujuan apa aset tersebut asset is used.
PT Bank BTPN Syariah Tbk
digunakan.
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING
SIGNIFIKAN (lanjutan) POLICIES (continued)
u. Transaksi sewa (lanjutan) u. Lease transaction (continued)
Pada saat insepsi atau penilaian kembali At inception or on reassessment of a contract
sebuah kontrak yang berisi komponen sewa, that contains a lease component, the Bank and
Bank dan Entitas Anak mengalokasikan imbalan Subsidiary allocate the consideration in the
dalam kontrak tersebut kepada setiap contract to each lease component on the basis
komponen sewa atas dasar harga relatif yang of their relative stand-alone prices.
berdiri sendiri.
Bank dan Entitas Anak mengakui aset hak-guna The Bank and Subsidiary recognise a right-of-
dan liabilitas sewa pada tanggal dimulainya use asset and a lease liability at the lease
sewa. Aset hak-guna awalnya diukur pada biaya commencement date. The right-of-use asset is
perolehan, yang terdiri dari jumlah pengukuran initially measured at cost, which comprises the
awal dari liabilitas sewa disesuaikan dengan initial amount of the lease liability adjusted for
pembayaran sewa yang dilakukan pada atau any lease payments made at or before the
sebelum tanggal permulaan, ditambah dengan commencement date, plus any initial direct
biaya langsung awal yang dikeluarkan dan costs incurred and an estimate of costs to
estimasi biaya untuk membongkar dan dismantle and remove the underlying asset or
memindahkan aset pendasar atau untuk to restore the underlying asset or the site on
merestorasi aset pendasar atau tempat di mana which it is located, less any lease incentives
aset berada, dikurangi insentif sewa yang received.
diterima.
Setelah tanggal permulaan, aset hak-guna After commencement date, right-of-use asset is
diukur dengan model biaya. Aset hak -guna measured using cost model. The right-of-use
selanjutnya disusutkan dengan menggunakan asset is subsequently depreciated using the
metode garis-lurus dari tanggal permulaan straight-line method from the commencement
hingga tanggal yang lebih awal antara akhir date to the earlier of the end of the useful life of
masa manfaat aset hak-guna atau akhir masa the right-of-use asset or the end of the lease
sewa. Taksiran masa manfaat aset hak-guna term. The estimated useful lives of right-of-use
ditentukan dengan basis yang sama dengan asset are determined on the same basis as
aset tetap. Selain itu, aset hak-guna secara those of fixed assets. In addition, the right-of-
berkala dikurangi dengan kerugian penurunan use asset is periodically reduced by impairmen t
nilai jika ada dan disesuaikan dengan losses if any and adjusted for certain
pengukuran kembali liabilitas sewa (seperti remeasurements (as described below) of the
dijelaskan di bawah). lease liability.
Liabilitas sewa awalnya diukur pada nilai kini The lease liability is initially measured at the
atas pembayaran sewa yang belum dibayar present value of the lease payments that are not
pada tanggal permulaan, didiskontokan yet paid at the commencement date, discounted
menggunakan suku bunga implisit dalam sewa using the interest rate implicit in the lease or, if
atau, jika suku bunga tersebut tidak dapat that rate cannot be readily determined, the Bank
ditentukan, digunakan suku bunga pinjaman and Subsidiary’s incremental borrowing rate.
inkremental Bank dan Entitas Anak. Umumnya, Generally, the Bank and Subsidiary use their
Bank dan Entitas Anak menggunakan suku incremental borrowing rate as the discount rate.
bunga pinjaman inkremental sebagai suku
bunga diskonto.
PT Bank BTPN Syariah Tbk
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING
SIGNIFIKAN (lanjutan) POLICIES (continued)
u. Transaksi sewa (lanjutan) u. Lease transaction (continued)
Pembayaran sewa yang termasuk dalam Lease payments included in the measurement
pengukuran liabilitas sewa terdiri dari: of the lease liability consist of:
- Pembayaran tetap, termasuk pembayaran - Fixed payments, including in-substance
tetap secara-substansi, dikurangi insentif fixed payments, less lease incentives
sewa yang belum diterima; receivable;
- Pembayaran sewa secara variabel yang - Variable lease payments that depend on an
bergantung pada indeks atau suku bunga, index or a rate, initially measured using the
yang pada awalnya diukur menggunakan index or rate as at the commencement date;
indeks atau suku bunga pada tanggal
permulaan;
- Jumlah yang diperkirakan akan dibayarkan - Amounts expected to be payable under a
berdasarkan jaminan nilai residual; dan residual value guarantee; and
- Harga eksekusi opsi beli jika Bank dan Entitas - The exercise price under a purchase option
Anak cukup pasti untuk mengeksekusi opsi, that the Bank and Subsidiary are reasonably
pembayaran sewa dalam opsi periode certain to exercise, lease payments in an
perpanjangan jika Bank dan Entitas Anak option renewal period if the Bank and
cukup pasti untuk melaksanakan opsi Subsidiary are reasonably certain to exercise
perpanjangan, dan denda untuk penghentian an extension option, and penalties for early
sewa lebih awal kecuali Bank dan Entitas termination of a lease unless the Bank and
Anak yakin tidak menghentikan lebih awal. Subsidiary are reasonably certain not to
terminate early.
Liabilitas sewa diukur pada biaya perolehan The lease liability is measured at amortized cost
diamortisasi menggunakan metode suku bunga using the effective interest method. It is
efektif. Liabilitas sewa diukur kembali ketika ada remeasured when there is a change in future
perubahan pembayaran sewa masa depan lease payments arising from a change in an
yang timbul dari perubahan indeks atau suku index or rate, if there is a change in the Bank
bunga, jika ada perubahan estimasi Bank dan and Subsidiary’s estimate of the amount
Entitas Anak atas jumlah yang diperkirakan expected to be payable under a residual value
akan dibayar dalam jaminan nilai residual, atau guarantee, or if the Bank and Subsidiary change
jika Bank dan Entitas Anak mengubah their assessment of whether they will exercise a
penilaiannya apakah akan mengeksekusi opsi purchase, extension or termination option.
beli, perpanjangan atau penghentian.
Ketika liabilitas sewa diukur kembali dengan When the lease liability is remeasured in this
cara ini, penyesuaian terkait dilakukan terhadap way, a corresponding adjustment is made to the
jumlah tercatat aset hak-guna, atau dicatat carrying amount of the right-of-use assets, or is
dalam laba rugi jika jumlah tercatat aset hak - recorded in profit or loss if the carrying amount
guna telah berkurang menjadi nol. of the right-of-use asset has been reduced to
zero.
Aset hak-guna Bank dan Entitas Anak disajikan The Bank and Subsidiary’s right-of-use assets
sebagai bagian dari “Aset tetap”, dan liabilitas are presented as “Fixed assets” and lease
sewa secara terpisah di dalam laporan posisi liabilities are presented separately in the
keuangan konsolidasian. consolidated statements of financial position.
Bank dan Entitas Anak memilih untuk tidak The Bank and Subsidiary have elected not to
mengakui aset hak-guna dan liabilitas sewa recognize right-of-use assets and lease liabilities
untuk sewa jangka-pendek yang memiliki masa for short-term leases that have a lease term of 12
PT Bank BTPN Syariah Tbk
sewa 12 bulan atau kurang dan sewa atas aset months or less and leases of low-value assets.
bernilai-rendah. Bank dan Entitas Anak The Bank and Subsidiary recognize the lease
mengakui pembayaran sewa terkait dengan payments associated with these leases as an
sewa ini sebagai beban dengan dasar garis - expense on a straight-line basis over the lease
lurus selama masa sewa. term.
40
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING
SIGNIFIKAN (lanjutan) POLICIES (continued)
v. Transaksi dengan pihak-pihak berelasi v. Transactions with related parties
Dalam laporan keuangan konsolidasian ini, In these consolidated financial statements, the
istilah pihak-pihak berelasi digunakan sesuai term related parties are used as defined in the
dengan PSAK 224 mengenai “Pengungkapan PSAK 224 regarding “Related Party
Pihak-Pihak Berelasi”. Disclosures”.
w. Laba per saham w. Earnings per share
Laba bersih per saham dasar dihitung dengan Basic earnings per share are computed by
membagi laba bersih tahun berjalan dengan dividing net profit with the weighted average
rata-rata tertimbang jumlah saham biasa yang number of ordinary shares outstanding during
beredar pada tahun yang bersangkutan. the year.
Laba per saham dilusian dihitung dengan Diluted earnings per share is calculated by
membagi jumlah rata-rata tertimbang saham dividing the weighted average number of
biasa yang beredar dengan dampak dari semua ordinary shares outstanding plus the assumed
efek berpotensi saham biasa yang dilutif yang conversion of all dilutive potential ordinary
dimiliki Bank. shares owned by the Bank.
x. Beban emisi saham x. Shares issuance cost
Beban emisi saham disajikan sebagai bagian Shares issuance costs are presented as part of
dari tambahan modal disetor dan tidak additional paid-in capital and are not amortized.
diamortisasi.
y. Segmen operasi y. Operating segments
Segmen operasi adalah komponen dari Bank An operating segment is a component of Bank
dan Entitas Anak yang terlibat dalam aktivitas and Subsidiary that engage in business activities
bisnis yang menghasilkan pendapatan dan from which they may earn revenues and incur
menimbulkan beban, termasuk pendapatan dan expenses, including revenues and expenses that
beban yang terkait dengan transaksi dengan relate to transactions with any of the Bank and
komponen lain Bank dan Entitas Anak, dimana Subsidiary’s other components, whose operating
hasil operasinya dikaji ulang secara berkala oleh results are reviewed regularly by the operating
pengambil keputusan operasional untuk decision makers to make decisions about
membuat keputusan mengenai sumber daya resources allocated to the segment and assess
yang akan dialokasikan pada segmen tersebut its performance, and for which discrete financial
dan menilai kinerjanya, serta tersedia informasi information is available. Segment results that are
keuangan yang dapat dipisahkan. Hasil segmen reported to the Bank and Subsidiary’s Board of
yang dilaporkan kepada Direksi Bank dan Directors include items directly attributable to a
Entitas Anak meliputi komponen -komponen segment, as well as those that can be allocated
yang dapat diatribusikan secara langsung on a reasonable basis.
kepada suatu segmen, dan komponen-
komponen yang dapat dialokasikan dengan
dasar yang wajar.
z. Pengukuran nilai wajar z. Fair value measurement
Nilai wajar adalah harga yang akan diterima Fair value is the price that would be received to
untuk menjual suatu aset atau harga yang akan sell an asset or paid to transfer a liability in an
dibayar untuk mengalihkan suatu liabilitas orderly transaction between market participants
dalam transaksi teratur (orderly transaction) at the measurement date in the principal market
PT Bank BTPN Syariah Tbk
antara pelaku pasar (market participants) pada or, in its absence, the most advantageous
tanggal pengukuran di pasar utama atau, jika market to which the Bank and Subsidiary have
tidak terdapat pasar utama, di pasar yang paling access at that date. The fair value of a liability
menguntungkan dimana Bank dan Entitas Anak reflects its non-performance risk.
memiliki akses pada tanggal tersebut. Nilai
wajar liabilitas mencerminkan risiko
wanprestasinya.
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING
SIGNIFIKAN (lanjutan) POLICIES (continued)
z. Pengukuran nilai wajar (lanjutan) z. Fair value measurement (continued)
Jika harga kuotasian tidak tersedia di pasar If there is no quoted price in an active market,
aktif, Bank dan Entitas Anak menggunakan then the Bank and Subsidiary use valuation
teknik penilaian dengan memaksimalkan techniques that maximise the use of relevant
penggunaan input yang dapat diobservasi dan observable inputs and minimise the use of
relevan dan meminimalkan penggunaan input unobservable inputs. The chosen valuation
yang tidak dapat diobservasi. Teknik penilaian technique incorporates all of the factors that
yang dipilih menggabungkan semua faktor yang market participants would take into account in
diperhitungkan oleh pelaku pasar dalam pricing a transaction.
penentuan harga transaksi.
Bukti terbaik atas nilai wajar pada saat The best evidence of the fair value at initial
pengakuan awal adalah harga transaksi, yaitu recognition is normally the transaction price, i.e.,
nilai wajar dari pembayaran yang diberikan atau the fair value of the consideration given or
diterima. Jika Bank dan Entitas Anak received. If the Bank and Subsidiary determine
menetapkan bahwa nilai wajar pada pengakuan that the fair value at initial recognition differs from
awal berbeda dengan harga transaksi dan n ilai the transaction price and the fair value is
wajar tidak dapat dibuktikan dengan harga evidenced neither by a quoted price in an active
kuotasian di pasar aktif untuk aset atau liabilitas market for an identical asset or liability nor based
yang identik atau berdasarkan teknik penilaian on a valuation technique that uses only data from
yang hanya menggunakan data dari pasar yang observable markets, then the financial
dapat diobservasi, maka nilai wajar instrumen instrument is initially measured at fair value,
keuangan pada saat p engakuan awal adjusted to defer the difference between the fair
disesuaikan untuk menangguhkan perbedaan value at initial recognition and the transaction
antara nilai wajar pada saat pengakuan awal price. Subsequently, that difference is
dan harga transaksi. Setelah pengakuan awal, recognized in profit or loss on an appropriate
perbedaan tersebut diakui dalam laba rugi basis over the life of the instrument but no later
berdasarkan umur dari instrumen tersebut than when the valuation is wholly supported by
namun tidak lebih lambat dari saat penilaian observable market data or the transaction is
tersebut didukung sepenuhnya oleh data pasar closed out.
yang dapat diobservasi atau saat transaksi
ditutup.
aa. Saham tresuri aa. Treasury shares
Bank menetapkan metode biaya (cost method) The Bank uses cost method in recording the
dalam mencatat saham tresuri. Saham tresuri treasury shares. Treasury shares are recorded at
dicatat sebesar harga perolehan kembali saham reacquisition cost and presented as a deduction
dan disajikan sebagai pengurang ekuitas pada of equity in the consolidated statement of
laporan posisi keuangan konsolidasian. financial position. PT Bank BTPN Syariah Tbk
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
4. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 4. USE OF ESTIMATES AND JUDGEMENTS
Sumber utama ketidakpastian estimasi Key sources of estimation uncertainty
Informasi mengenai asumsi dan ketidakpastian Information about the assumptions and estimation
estimasi dijelaskan di bawah ini dan pada catatan - uncertainties is set out below and in the following
catatan di bawah ini: notes:
• Catatan 10 - cadangan kerugian penurunan nilai • Note 10 - allowance for impairment losses of
piutang murabahah murabahah receivables
• Catatan 38 - pengukuran liabilitas imbalan • Note 38 - measurement of post-employment
pascakerja dan imbalan jangka panjang lainnya: benefits liabilities and other long term benefits:
asumsi-asumsi aktuarial. actuarial assumptions.
Piutang murabahah dievaluasi untuk penurunan nilai Murabahah receivables are evaluated for impairment
berdasarkan metode seperti yang dijelaskan di on the methods described in Note 3g.
Catatan 3g.
Bank melakukan reviu atas aset keuangan pada The Bank reviews its financial assets at each
setiap tanggal laporan untuk melakukan penilaian reporting date to evaluate the allowance for
atas cadangan kerugian penurunan nilai yang telah impairment losses.
dicatat.
Perhitungan cadangan penurunan nilai kolektif Collectively assessed impairment allowances cover
meliputi kerugian kredit yang melekat dalam credit losses inherent in portfolios of the Bank’s
portofolio piutang murabahah Bank. Dalam menilai murabahah receivables. In assessing the need for
kebutuhan untuk cadangan penurunan nilai kolektif, collective impairment allowances, management
manajemen mempertimbangkan faktor-faktor considers factors such as financing quality ,
seperti kualitas pembiayaan, karakteristik produk characteristic of products and whether the financing
dan apakah pembiayaan tersebut telah has been restructured.
direstrukturisasi.
Dalam mengestimasi cadangan yang diperlukan, In order to estimate the required allowance,
asumsi-asumsi dibuat untuk menentukan model assumptions are made to define the way inherent
kerugian bawaan dan untuk menentukan parameter losses are modeled and to determine the required
input yang diperlukan, berdasarkan pengalaman input parameters, based on historical experience and
historis dan kondisi ekonomi saat ini. Ketepatan dari current economic conditions. The accuracy of the
cadangan yang dihitung ini tergantung pada allowances calculated depends on how well the
seberapa tepat estimasi dan asumsi pada model dan estimates and assumptions on the model and
parameter yang digunakan dalam menentukan parameters used in determining collective
cadangan kolektif. allowances.
Pertimbangan akuntansi yang penting dalam Critical accounting judgments in applying the
menerapkan kebijakan akuntansi Bank Bank’s accounting policies
Klasifikasi investasi pada surat berharga Classification of investment in marketable
securities
Dalam mengklasifikasikan investasi pada surat In classifying investment in marketable securities as
berharga sebagai ”diukur pada biaya perolehan”, “measured at acquisition cost”, “measured at fair
”diukur pada nilai wajar melalui penghasilan value through other comprehensive income” and
komprehensif lain” dan ”diukur pada nilai wajar “measured at fair value through profit or loss”, the
PT Bank BTPN Syariah Tbk
melalui laba rugi”, Bank telah menetapkan bahwa Bank has determined that they meet the
investasi tersebut telah memenuhi persyaratan requirements of such classification as set out in
klasifikasi sebagaimana dijabarkan dal am Note 3e.
Catatan 3e.
43
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
4. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 4. USE OF ESTIMATES AND JUDGEMENT S
(lanjutan) (continued)
Pertimbangan akuntansi yang penting dalam Critical accounting judgments in applying the
menerapkan kebijakan akuntansi Bank (lanjutan) Bank’s accounting policies (continued)
Sewa Leases
Dalam menentukan apakah suatu perjanjian In determining whether an arrangement is or contains
mengandung unsur sewa membutuhkan a lease requires careful judgement to assess whether
pertimbangan yang cermat untuk menilai apakah the arrangement conveys a right to obtain
perjanjian tersebut memberikan hak untuk substantially all the economic benefits from use of the
mendapatkan secara substansial seluruh manfaat asset throughout the period of use and right to direct
ekonomi dari penggunaan aset identifikasian dan the use of the asset, even if the right is not explicitly
hak untuk mengarahkan penggunaan aset specified in the arrangement.
identifikasian, bahkan jika hak tersebut tidak
dijabarkan secara eksplisit di perjanjian.
Karena Bank tidak dapat dengan mudah Since the Bank could not readily determine the
menentukan suku bunga implisit, manajemen implicit rate, management uses the Bank's
menggunakan suku bunga pinjaman inkremental incremental borrowing rate as a discount rate. There
Bank sebagai tingkat diskonto. Ada beberapa faktor is a number of factors to consider in determining an
yang perlu dipertimbangkan dalam menentukan incremental borrowing rate, many of which need
suku bunga pinjaman inkremental, yang banyak di judgement in order to be able to reliably quantify any
antaranya memerlukan pertimbangan untuk dapat necessary adjustments to arrive at the final discount
secara andal mengukur penyesuaian yang rates.
diperlukan untuk sampai pada tingkat diskonto akhir.
Dalam menentukan suku bunga pinjaman In determining incremental borrowing rate, the Bank
inkremental, Bank mempertimbangkan faktor-faktor considers the following main factors; the Bank's
utama berikut; risiko kredit Bank, jangka waktu credit risk, the lease term, the lease payment term,
sewa, jangka waktu pembayaran sewa, lingkungan the economic environment, the time at which the
ekonomi, kapan sewa dilakukan, dan mata uang lease is entered into, and the currency in which the
pembayaran sewa. lease payments are denominated.
Dalam menentukan jangka waktu sewa, Bank In determining the lease term, the Bank considers all
mempertimbangkan semua fakta dan keadaan yang facts and circumstances that create an economic
menimbulkan insentif ekonomi untuk menggunakan incentive to exercise an extension option, or not
opsi perpanjangan, atau tidak menggunakan opsi exercise a termination option. Extension options (or
penghentian. Opsi perpanjangan (atau periode periods after termination options) are only include d
setelah opsi penghentian kontrak kerja) hanya in the lease term if the lease is reasonably certain to
termasuk dalam jangka waktu sewa jika cukup pasti be extended (or not terminated).
akan diperpanjang (atau tidak dihentikan).
5. KAS 5. CASH
Kas yang dimiliki seluruhnya dalam mata uang Cash was all denominated in Rupiah. As of
Rupiah. Pada tanggal 31 Desember 2024 dan 31 December 2024 and 2023, the balance of cash on
2023, saldo kas dan kas pada vendor masing- hand and cash with vendors amounted to
masing sebesar Rp 309.574 (2023: Rp 268.665) dan Rp 309,574 (2023: Rp 268,665) and Rp 283,337
Rp 283.337 (2023: Rp 228.488). (2023: Rp 228,488), respectively.
Pada tanggal 31 Desember 2024 dan 2023, kas As of 31 December 2024 and 2023, cash have been
telah diasuransikan kepada PT Zurich General insured by PT Zurich General Takaful Indonesia (third
Takaful Indonesia (perusahaan asuransi pihak party insurance companies) with total coverage
PT Bank BTPN Syariah Tbk
ketiga) dengan total nilai pertanggungan sebesar Rp 812,500 (2023: Rp 879,250), respectively. Bank
Rp 812.500 (2023: Rp 879.250). Bank berpendapat believes that the insurance coverage is adequate to
bahwa nilai pertanggungan asuransi cukup untuk cover possible losses arising from the cash.
menutup kemungkinan kerugian dari kas tersebut.
44
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
6. GIRO DAN PENEMPATAN PADA BANK 6. CURRENT ACCOUNTS AND PLACEMENT S
INDONESIA WITH BANK INDONESIA
a. Berdasarkan jenis a. By type
2024 2023
Rupiah Rupiah
Fasilitas Simpanan Bank Indonesia Bank Indonesia Sharia Deposit
Syariah (FASBIS) 1,000,000) 100,000) Facilities (FASBIS)
Wadiah current accounts with
Giro wadiah pada Bank Indonesia 669,329) 663,443) Bank Indonesia
1,669,329) 763,443)
Pendapatan yang akan diterima dari Accrued income from placements
penempatan pada Bank Indonesia -) -) with Bank Indonesia
1,669,329) 763,443)
b. Berdasarkan jangka waktu b. By time period
Penempatan pada Bank Indonesia berdasarkan Placements with Bank Indonesia based on time
jangka waktu adalah sebagai berikut : period are as follows:
2024 2023
Hingga 1 bulan 1,000,000) 100,000) Up to 1 month
1,000,000) 100,000)
Pendapatan yang akan diterima dari Accrued income from placements
penempatan pada Bank Indonesia -) -) with Bank Indonesia
1,000,000) 100,000)
c. Berdasarkan sisa umur sampai dengan c. By remaining period to maturity date
tanggal jatuh tempo
Penempatan pada Bank Indonesia berdasarkan Placements with Bank Indonesia based on
sisa umur sampai dengan tanggal jatuh tempo remaining period to maturity date are as follows:
adalah sebagai berikut:
2024 2023
Hingga 1 bulan 1,000,000) 100,000) Up to 1 month
1,000,000) 100,000)
Pendapatan yang akan diterima dari Accrued income from placements
penempatan pada Bank Indonesia -) -) with Bank Indonesia
1,000,000) 100,000)
d. Informasi lainnya d. Other information
Giro Wajib Minimum (GWM) Bank sesuai dengan Minimum Statutory Reserves (GWM) Bank in
Peraturan Bank Indonesia dan Peraturan Anggota accordance with Bank Indonesia Regulation and
Dewan Gubernur (PADG) diungkapkan pada Regulation of Members of The Board of Governors
Catatan 49a. (PADG) are disclosed in Note 49a.
Bank menempatkan dana pada Fasilitas Bank The Bank placed its fund in Bank Indonesia
Indonesia Syariah (“FASBIS”) dengan rata-rata Sharia’s Deposit Facility (FASBIS) with average
tingkat imbalan dan bonus tahunan sebagai annual return and bonus rate as follows:
berikut:
2024 2023
PT Bank BTPN Syariah Tbk
FASBIS 5.35% 5.06% FASBIS
45
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Page 560
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
7. GIRO PADA BANK-BANK LAIN 7. CURRENT ACCOUNTS WITH OTHER BANKS
Giro pada bank-bank lain terdiri atas: Current accounts with other banks consist of:
2024 2023
Rupiah Rupiah
Pihak ketiga Third parties
PT Bank Syariah Indonesia Tbk 2,285 1,947) PT Bank Syariah Indonesia Tbk
PT Bank Central Asia Tbk 473 988) PT Bank Central Asia Tbk
PT Bank Mandiri (Persero) Tbk 250 250) PT Bank Mandiri (Persero) Tbk
PT Bank Aceh Syariah 177 -) PT Bank Aceh Syariah
PT Bank CIMB Niaga Tbk 8 8) PT Bank CIMB Niaga Tbk
3,193 3,193)
Pihak berelasi Related parties
PT Bank SMBC Indonesia Tbk PT Bank SMBC IndonesiaTbk
(Catatan 39) 1,281 3,464) (Note 39)
4,474 6,657)
USD USD
Pihak ketiga Third parties
PT Bank Syariah Indonesia Tbk 482 462) PT Bank Syariah Indonesia Tbk
4,956 7,119)
Kolektibilitas giro pada bank-bank lain sesuai Collectibility current accounts with other banks in
peraturan OJK diungkapkan pada Catatan 49b. accordance with OJK regulation is disclosed
in Note 49b.
Manajemen berpendapat bahwa tidak diperlukan Management believes that no allowance for
adanya cadangan kerugian penurunan nilai. impairment losses is necessary.
8. PENEMPATAN PADA BANK-BANK LAIN 8. PLACEMENTS WITH OTHER BANKS
Seluruh penempatan pada bank-bank lain adalah All placements with other banks were denominated in
dalam mata uang Rupiah dan ditempatkan pada pihak Rupiah and were placed with third parties by the
ketiga oleh Entitas Anak, yang terdiri atas: Subsidiary, which consist of:
a. Berdasarkan jenis a. By type
Penempatan pada bank-bank lain (syariah) Placements with other banks (sharia)
2024 2023
Pihak ketiga Third parties
Deposito mudharabah Mudharabah time deposits
PT Bank Muamalat Indonesia Tbk 100,500 180,500) PT Bank Muamalat Indonesia Tbk
PT Bank Syariah Indonesia Tbk 80,000 -) PT Bank Syariah Indonesia Tbk
PT Bank Mega Syariah 47,000 7,500) PT Bank Mega Syariah
PT Bank Riau Kepri Syariah 14,500 -) PT Bank Riau Kepri Syariah
PT Bank BJB Syariah 5,000 -) PT Bank BJB Syariah
PT Bank Aceh Syariah - 50,000) PT Bank Aceh Syariah
247,000 238,000)
b. Berdasarkan sisa umur sampai dengan b. By remaining period to maturity
tanggal jatuh tempo
2024 2023
Hingga 1 bulan 186,000 129,500) Up to 1 month
> 1 - 3 bulan 61,000 108,500) > 1 - 3 months
247,000 238,000)
c. Tingkat imbal hasil c. Rate of returns
PT Bank BTPN Syariah Tbk
Rata-rata tingkat imbal hasil setahun untuk deposito The average annual rate of return per annum for
mudharabah yang diterima Bank pada tanggal mudharabah time deposits as of
31 Desember 2024 dan 2023 masing-masing 31 December 2024 and 2023 was 6.54% and
sebesar 6,54% dan 6,39%. 6.39%, respectively.
46
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. INVESTASI PADA SURAT BERHARGA 9. INVESTMENTS IN MARKETABLE SECURITIES
a. Berdasarkan kategori dan penerbit a. By category and issuer
Surat berharga adalah dalam mata uang Rupiah Marketable securities were denominated in
dan USD yang ditempatkan pada Bank Indonesia Rupiah and USD were placed with Bank Indonesia
dan pihak ketiga yang terdiri dari: and third parties, which consist of:
2024
(Diskonto)
(Kerugian) premium yang
keuntungan belum
yang belum diamortisasi/
Nilai nominal/ direalisasi/ Unamortised
Nominal Unrealised (discounted) Nilai tercatat/
value (losses) gains premium Carrying amount
Rupiah Rupiah
Diukur pada nilai wajar Measured at fair value through
melalui penghasilan other comprehensive income:
komprehensif lain:
Reksa dana syariah 295,000) 430) -) 295,430) Sharia mutual funds
295,000) 430) -) 295,430)
Diukur pada biaya Measured at
perolehan: acquisition cost:
Sertifikat Investasi Certificate of Interbank
Mudharabah Antar Bank Mudharabah Investment
(SIMA) 560,000) -) -) 560,000) (SIMA)
Sukuk Bank Indonesia 2,413,521) -) -) 2,413,521) Bank Indonesia sukuk
Sukuk korporasi 257,000) -) 32) 257,032) Corporate sukuk
Surat Berharga Syariah
Negara 4,991,472) -) (28,314) 4,963,158) Sovereign Sharia Securities
Reksa dana syariah 360,000) -) -) 360,000) Sharia mutual funds
8,581,993) -) (28,282) 8,553,711)
USD USD
Diukur pada nilai wajar Measured at fair value through
melalui laba rugi: profit or loss:
Investasi pada efek Investment in equity
ekuitas 83,694) (30,931) -) 52,763) securities
83,694) (30,931) -) 52,763)
Jumlah investasi pada surat Total investments in
berharga 8,960,687) (30,501) (28,282) 8,901,904) marketable securities
Pendapatan yang akan Accrued income from
diterima dari investasi investments in marketable
pada surat berharga 147,387) securities
9,049,291)
2023
Keuntungan Premium yang
yang belum belum
Nilai nominal/ direalisasi/ diamortisasi/
Nominal Unrealised Unamortised Nilai tercatat/
value gains Premium Carrying amount
Rupiah Rupiah
Diukur pada nilai wajar Measured at fair value through
melalui penghasilan other comprehensive income:
komprehensif lain:
Reksa dana syariah 205,000) 183) -) 205,183)
205,000) 183) -) 205,183)
Diukur pada biaya Measured at
perolehan: acquisition cost:
Sertifikat Investasi Certificate of Interbank
Mudharabah Antar Bank Mudharabah Investment
(SIMA) 550,000) -) -) 550,000) (SIMA)
Sukuk Bank Indonesia 3,550,643) -) -) 3,550,643) Bank Indonesia sukuk
Sukuk korporasi 28,000) -) 170) 28,170) Corporate sukuk
Surat Berharga Syariah
Negara 3,905,633) -) 1,551) 3,907,184) Sovereign Sharia Securities
Reksa dana syariah 250,000) -) -) 250,000) Sharia mutual funds
8,284,276) -) 1,721) 8,285,997)
USD USD
Diukur pada nilai wajar Measured at fair value through
melalui laba rugi: profit or loss:
Investasi pada efek Investment in equity
PT Bank BTPN Syariah Tbk
ekuitas 80,064) -) -) 80,064) securities
80,064) -) -) 80,064)
Jumlah investasi pada surat Total investments in
berharga 8,569,340) 183) 1,721) 8,571,244) marketable securities
Pendapatan yang akan Accrued income from
diterima dari investasi investments in marketable
pada surat berharga 75,512) securities
8,646,756)
47
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. INVESTASI PADA SURAT BERHARGA (lanjutan) 9. INVESTMENTS IN MARKETABLE SECURITIES
(continued)
a. Berdasarkan kategori dan penerbit (lanjutan) a. By category and issuer (continued)
Perubahan keuntungan yang belum direalisasi The movement of unrealized gains on
atas investasi pada surat berharga yang investments in marketable securities classified
diklasifikasikan sebagai diukur pada nilai wajar as measured at fair value through other
melalui pendapatan komprehensif lain sebagai comprehensive income as follows:
berikut:
2024 2023
Saldo, awal tahun 183) 81) Balance, beginning of year
Perubahan atas keuntungan yang belum Movement of unrealized gains during
direalisasi selama tahun berjalan -bersih 247) 102) the year - net
Jumlah sebelum pajak penghasilan terkait 430) 183) Total before related income tax
Pajak penghasilan terkait (Catatan 19f) (95) (40) Related income tax (Note 19f)
Saldo, akhir tahun - bersih 335) 143) Balance, end of year - net
b. Berdasarkan jangka waktu b. By time period
2024 2023
Hingga 1 bulan 810,000) 2,550,000) Up to 1 month
> 1 - 3 bulan 320,619) 205,183) > 1 - 3 months
> 3 - 6 bulan 111,617) 403,038) > 3 - 6 months
> 6 - 9 bulan 1,105,852) 532,591) > 6 - 9 months
> 9 - 12 bulan 783,774) 474,881) > 9 – 12 months
Lebih dari 12 bulan 5,770,042) 4,405,551) More than 12 months
8,901,904) 8,571,244)
Pendapatan yang akan diterima dari investasi Accrued income from investments
pada surat berharga 147,387) 75,512) in marketable securities
9,049,291) 8,646,756)
c. Berdasarkan sisa umur sampai dengan c. By remaining period to maturity date
tanggal jatuh tempo
2024 2023
Hingga 1 bulan 1,365,260) 2,895,183) Up to 1 month
> 1 - 3 bulan 839,601) 587,412) > 1 - 3 months
> 3 - 6 bulan 1,200,350) 565,164) > 3 - 6 months
> 6 - 9 bulan 1,585,818) 1,122,258) > 6 - 9 months
> 9 - 12 bulan 663,940) 419,787) > 9 - 12 months
Lebih dari 12 bulan 3,246,935) 2,981,440) More than 12 monts
8,901,904) 8,571,244)
Pendapatan yang akan diterima dari investasi Accrued income from investments
pada surat berharga 147,387) 75,512) in marketable securities
9,049,291) 8,646,756)
d. Berdasarkan akad d. By contract
2024 2023
Ijarah 4,963,158) 3,907,184) Ijarah
Musyarakah muntahiyah bittamlik 2,413,521) 3,550,643) Musyarakah muntahiyah bittamlik
Mudharabah 817,032) 578,169) Mudharabah
Wakalah 655,430) 455,184) Wakalah
Lain-lain (investasi dalam efek ekuitas Others (investment in equity shares
ventura) 52,763) 80,064) ventura)
8,901,904) 8,571,244)
Pendapatan yang akan diterima dari investasi Accrued income from investments
pada surat berharga 147,387) 75,512) in marketable securities
9,049,291) 8,646,756)
PT Bank BTPN Syariah Tbk
48
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Page 563
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. INVESTASI PADA SURAT BERHARGA (lanjutan) 9. INVESTMENTS IN MARKETABLE SECURITIES
(continued)
e. Tingkat imbal hasil rata-rata setahun e. Average rate of return per annum
2024 2023
Surat Berharga Syariah Negara 5.98% 5.53% Sovereign Sharia Securities
Sertifikat Investasi Mudharabah Antar Certificate of Interbank Mudharabah
Bank (SIMA) 6.32% 6.07% Investment (SIMA)
Reksa dana syariah 5.87% 5.44% Sharia mutual funds
Sukuk korporasi 7.23% 7.22% Corporate sukuk
Sukuk Bank Indonesia 6.54% 6.05% Sukuk Bank Indonesia
f. Berdasarkan peringkat f. By rating
Sukuk korporasi berdasarkan peringkat adalah Corporate sukuk by rating was as follows:
sebagai berikut:
2024 2023
PT Bank CIMB Niaga Tbk - PT Bank CIMB Niaga Tbk -
Unit Usaha Syariah Sharia Business Unit
Pemeringkat - Pefindo Rating agency
Peringkat - id AAA Rating
PT Bank Syariah Indonesia Tbk PT Bank Syariah Indonesia Tbk
Pemeringkat Pefindo - Rating agency
Peringkat id AAA - Rating
PT BPD Kalimantan Selatan - PT BPD Kalimantan Selatan -
Unit Usaha Syariah Sharia Business Unit
Pemeringkat Fitch Fitch Rating agency
Peringkat A idn A idn Rating
g. Cadangan kerugian penurunan nilai g. Allowance for impairment losses
Kolektibilitas investasi pada surat berharga Collectibility investments in marketable securities
sesuai peraturan OJK diungkapkan pada in accordance with OJK regulation is disclosed
Catatan 49c. in Note 49c.
Manajemen berpendapat bahwa tidak Management believes that no allowance for
diperlukan adanya cadangan penurunan nilai impairment losses is necessary on investment in
pada investasi pada surat berharga. marketable securities.
h. Pada tanggal 31 Desember 2024 dan 2023, h. As of 31 December 2024 and 2023,
jumlah investasi pada surat berharga yang total investments in marketable securities that
digolongkan sebagai setara kas adalah were classified as cash equivalents amounted
masing-masing sebesar Rp 1.130.189 dan to Rp 1,130,189 and Rp 2,755,000,
Rp 2.755.000. respectively.
i. Investasi pada efek ekuitas terdiri dari i. Investments in equity securities consist of
investasi yang dilakukan oleh Entitas Anak investment made by the Subsidiary under sharia
sesuai prinsip syariah ke Dagangan Pte. Ltd. principle to Dagangan Pte. Ltd. for a total of
sejumlah 1.913.734 saham Series A saham 1,913,734 series A preferred shares amounted
preferen senilai USD 5.199.998 (angka to USD 5,199,998 (full amount).
penuh).
PT Bank BTPN Syariah Tbk
49
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Page 564
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
10. PIUTANG MURABAHAH 10. MURABAHAH RECEIVABLES
Seluruh piutang murabahah didenominasi dalam All of murabahah receivables were denominated in
mata uang Rupiah dengan rincian sebagai Rupiah, with details as follows:
berikut:
2024 2023
Piutang murabahah 9,641,128) 11,367,662) Murabahah receivables
Pendapatan yang akan diterima dari Accrued income from murabahah
piutang murabahah 102,147) 164,890) receivables
Dikurangi: Cadangan kerugian Less: Allowance for impairment
penurunan nilai (924,220) (1,213,542) losses
8,819,055) 10,319,010)
a. Berdasarkan sektor ekonomi dan kolektibilitas a. By economic sector and collectibility based
menurut peraturan OJK on OJK regulation
Kolektabilitas piutang murabahah sesuai dengan Collectibility murabahah receivables in
peraturan OJK diungkapkan pada Catatan 49d. accordance with the OJK regulation are
disclosed in Note 49d.
b. Berdasarkan jangka waktu b. By time period
2024 2023
Hingga 1 tahun 5,132,020) 5,384,649) Up to 1 year
Lebih dari 1 tahun 4,509,108) 5,983,013) More than 1 year
9,641,128) 11,367,662)
Pendapatan yang akan diterima dari Accrued income from murabahah
piutang murabahah 102,147) 164,890) receivables
Dikurangi: Cadangan kerugian Less: Allowance for impairment
penurunan nilai (924,220) (1,213,542) losses
8,819,055) 10,319,010)
c. Berdasarkan sisa umur sampai dengan c. By remaining period to maturity date
tanggal jatuh tempo
2024 2023
Hingga 1 bulan 280,013) 202,279) Up to 1 month
> 1 - 3 bulan 499,158) 643,285) > 1 - 3 months
> 3 - 12 bulan 6,881,101) 7,720,570) > 3 - 12 months
Lebih dari 1 tahun 1,980,856) 2,801,528) More than 1 year
9,641,128) 11,367,662)
Pendapatan yang akan diterima dari Accrued income from murabahah
piutang murabahah 102,147) 164,890) receivables
Dikurangi: Cadangan kerugian Less: Allowance for impairment
penurunan nilai (924,220) (1,213,542) losses
8,819,055) 10,319,010)
d. Berdasarkan hubungan dengan debitur d. By relationship with debtors
Pada tanggal 31 Desember 2024 dan 2023, As of 31 December 2024 and 2023, all
seluruh piutang murabahah diberikan kepada murabahah receivables were provided to third
pihak ketiga. parties.
e. Tingkat margin rata-rata setahun e. Average margin rate per annum
2024 dan/and 2023
PT Bank BTPN Syariah Tbk
Tingkat margin rata-rata setahun 25% - 30% Average margin rate per annum
f. Pembiayaan yang direstrukturisasi f. Restructured financing
Pembiayaan yang direstrukturisasi sesuai Restructured financing in accordance with the
dengan peraturan OJK diungkapkan pada OJK regulation are disclosed in Note 49d.
Catatan 49d.
50
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
10. PIUTANG MURABAHAH (lanjutan) 10. MURABAHAH RECEIVABLES (continued)
g. Informasi lainnya g. Other information
1) Perubahan cadangan kerugian penurunan nilai 1) The movement of allowance for impairment
piutang murabahah sebagai berikut: losses on murabahah receivables was as
follows:
2024 2023
Saldo, awal tahun 1,213,542) 768,259) Balance, beginning of year
Penyisihan selama tahun Provision made during the year
berjalan (Catatan 33) 1,359,805) 1,898,302) (Note 33)
Penghapusbukuan selama
tahun berjalan (1,674,097) (1,501,303) Written-off during the year
Penerimaan kembali piutang Recovery of receivables
yang telah dihapusbuku 24,970) 48,284) written-off
Saldo, akhir tahun 924,220) 1,213,542) Balance, ending of year
Manajemen Bank berkeyakinan bahwa The Bank’s management believes that the
jumlah cadangan kerugian penurunan nilai allowance for impairment losses provided
yang dibentuk cukup untuk menutupi was adequate to cover possible impairment
kemungkinan penurunan nilai piutang losses on murabahah receivables.
murabahah.
Informasi pokok lainnya terkait rasio Other significant information such as ratio of
pemenuhan cadangan kerugian penurunan allowance for impairment losses, ratio of
nilai, rasio pembiayaan bermasalah dan Non-Performing Financing and Maximum
Batas Maksimum Penyaluran Dana sesuai Limit for Distribution of Funds as required by
dengan peraturan yang ditetapkan OJK OJK regulation is disclosed in Note 49d.
diungkapkan pada Catatan 49d.
2) Dalam rangka implementasi Program 2) In conjunction with the implementation of
Pemulihan Ekonomi Nasional (PEN) sesuai National Economic Recovery Program
dengan Peraturan Menteri Keuangan (PEN) in accordance with the Minister of
Republik Indonesia (PMK) Finance of Republic of Indonesia Regulation
No. 71/PMK.08/2020 tanggal 23 Juni 2020 (PMK) No. 71/PMK.08/2020 dated
tentang Tata Cara Penjaminan Pemerintah 23 June 2020 concerning Government
Melalui Badan Usaha Penjaminan Yang Guarantee Procedures through Designated
Ditunjuk Dalam Rangka Pelaksanaan Guarantee Company in conjunction with the
Program Pemulihan Ekonomi Nasional, Implementation of National Economic
Bank telah berpartisipasi dengan menjadi Recovery Program, the Bank has
peserta penjaminan. Pada tanggal participated as a guarantee participant.
31 Desember 2024 dan 2023, saldo piutang As of 31 Desember 2024 and 2023, the
murabahah masing -masing sebesar Rp 604 amount murabahah receivables amounting
dan Rp 248.791 telah dijamin oleh Badan to Rp 604 and Rp 248,791, respectively,
Usaha Penjaminan yang ditunjuk yaitu were guaranteed by the designated
PT Penjaminan Jamkrindo Syariah dan Guarantee Company which were
PT Jaminan Pembiayaan Askrindo Syariah. PT Penjaminan Jamkrindo Syariah and
PT Jaminan Pembiayaan Askrindo Syariah.
11. PEMBIAYAAN MUSYARAKAH 11. MUSYARAKAH FINANCING
Semua pembiayaan musyarakah yang diberikan All musyarakah financing was denominated in
oleh Bank adalah dalam mata uang Rupiah dengan Rupiah, with details as follows:
PT Bank BTPN Syariah Tbk
rincian sebagai berikut:
2024 2023
Pembiayaan musyarakah 530,567) 19,669) Musyarakah financing
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (52) (197) impairment losses
530,515) 19,472)
51
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Page 566
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. PEMBIAYAAN MUSYARAKAH (lanjutan) 11. MUSYARAKAH FINANCING (continued)
a. Berdasarkan sektor ekonomi dan a. By economic sector and collectibility based
kolektibilitas menurut peraturan OJK on OJK regulations
Kolektabilitas pembiayaan musyarakah sesuai Collectibility musyarakah financing in accordance
dengan peraturan OJK diungkapkan pada with the OJK regulation are disclosed in Note 49e.
Catatan 49e.
b. Berdasarkan jangka waktu b. By time period
2024 2023
Hingga 1 tahun 529,971) 866) Up to 1 year
Lebih dari 1 tahun 596) 18,803) More than 1 year
530,567) 19,669)
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (52) (197) impairment losses
530,515) 19,472)
c. Berdasarkan sisa umur sampai dengan c. By remaining period to maturity date
tanggal jatuh tempo
2024 2023
Hingga 1 bulan 200,238) 409) Up to 1 months
> 1 - 3 bulan 100,120) 1,592) > 1 - 3 months
> 3 – 12 bulan 230,209) 13,167) > 3 – 12 months
Lebih dari 1 tahun -) 4,501) More than 1 year
530,567) 19,669)
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (52) (197) impairment losses
530,515) 19,472)
d. Berdasarkan hubungan dengan debitur d. By relationship with debtors
Pada tanggal 31 Desember 2024 dan 2023, As of 31 December 2024 and 2023, all
seluruh pembiayaan musyarakah diberikan musyarakah financing were provided to third
kepada pihak ketiga. parties.
e. Tingkat imbal hasil setahun e. Rate of return per annum
Tingkat imbal hasil selama tahun berakhir The rate of return per annum during the year
31 Desember 2024 dan 2023 adalah setara ended 31 December 2024 and 2023 was equal
dengan 6,20% - 11,00% dan 8,75% - 11,00%. to 6.20% - 11.00% and 8.75% - 11.00%.
PT Bank BTPN Syariah Tbk
52
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Page 567
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. PEMBIAYAAN MUSYARAKAH (lanjutan) 11. MUSYARAKAH FINANCING (continued)
f. Informasi lainnya f. Other information
Perubahan cadangan kerugian pembiayaan The movement of allowance for impairment losses
musyarakah adalah sebagai berikut: on musyarakah financing was as follows:
2024 2023
Saldo, awal tahun 197) 603) Balance, beginning of year
Pemulihan selama tahun berjalan Reversal during the year
(Catatan 33) (145) (406) (Note 33)
Saldo, akhir tahun 52) 197) Balance, ending of year
Untuk kebijakan akuntansi sehubungan dengan For accounting policies relating to allowance for
cadangan kerugian penurunan nilai pembiayaan impairment losses on musyarakah financing is
musyarakah dijelaskan pada Catatan 3i. described in Note 3i.
Manajemen Bank berkeyakinan bahwa jumlah The Bank’s management believes that the
cadangan kerugian penurunan nilai yang dibentuk allowance for impairment losses provided is
cukup untuk menutupi kemungkinan penurunan adequate to cover possible impairment loss on
nilai pembiayaan musyarakah. musyarakah financing.
Informasi pokok lainnya terkait Non-Performing Other significant information such as Non-
Financing (NPF) dan Batas Maksimum Penyaluran Performing Financing (NPF) and Maximum Limit for
Dana sesuai dengan peraturan yang ditetapkan Distribution of Funds as required by OJK regulation
OJK diungkapkan pada Catatan 49e. is disclosed in Note 49e.
12. BEBAN DIBAYAR DIMUKA 12. PREPAYMENTS
2024 2023
Beban lisensi dibayar dimuka 25,485) 30,923) Prepaid license fee
Pemeliharaan dan perbaikan TI 12,251) 10,374) IT maintenance and renewal
Sewa gedung 1,646) 3,420) Building rental
Lainnya 2,548) 3,295) Others
41,930) 48,012)
13. ASET TETAP 13. FIXED ASSETS
2024
31
1 Januari/ Penambahan/ Pengurangan/ Reklasifikasi/ Revaluasi/ Desember/
January Addition Deduction Reclassification Revaluation December
Model revaluasi Revaluation model
Kepemilikan langsung Direct ownership
Tanah 9,467) -) -) -) 7,814) 17,281) Land
Model biaya Cost model
Kepemilikan langsung Direct ownership
Bangunan 10,685) 143) -) -) -) 10,828) Buildings
Kendaraan bermotor 227,797) 27,331) (12,706) -) -) 242,422) Motor vehicles
Perlengkapan kantor 328,094) 3,224) (9,235) 49,577) -) 371,660) Office equipment
Leasehold improvement 135,353) 14,701) (29,211) (665) -) 120,178) Leasehold improvement
Aset hak-guna 335,840) 76,241) (86,976) -) -) 325,105) Right-of-use assets
Aset dalam
penyelesaian 34,907) 35,663) (371) (48,912) -) 21,287) Construction in progress
1,082,143) 157,303) (138,499) -) 7,814) 1,108,761)
PT Bank BTPN Syariah Tbk
53
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Page 568
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
13. ASET TETAP (lanjutan) 13. FIXED ASSETS (continued)
2024
31
1 Januari/ Penambahan/ Pengurangan/ Reklasifikasi/ Revaluasi/ Desember/
January Addition Deduction Reclassification Revaluation December
Model biaya Cost model
Akumulasi penyusutan/ Accumulated depreciation/
amortisasi amortization
Bangunan (7,465) (624) -) -) -) (8,089) Buildings
Kendaraan bermotor (155,049) (30,477) 12,437) -) -) (173,089) Motor vehicles
Perlengkapan kantor (225,750) (65,448) 9,015) -) -) (282,183) Office equipment
Leasehold improvement (100,083) (17,088) 29,209) -) -) (87,962) Leasehold improvement
Aset hak-guna (217,554) (68,384) 63,555) -) -) (222,383) Right-of-use assets
(705,901) (182,021) 114,216) -) -) (773,706)
376,242) 335,055)
Nilai buku bersih Net book value
2023
1 Januari/ Penambahan/ Pengurangan/ Reklasifikasi/ 31 Desember/
January Addition Deduction Reclassification December
Model revaluasi Revaluation model
Kepemilikan langsung Direct ownership
Tanah 9,467) -) -) -) 9,467) Land
Model biaya Cost model
Kepemilikan langsung Direct ownership
Bangunan 10,685) -) -) -) 10,685) Buildings
Kendaraan bermotor 189,376) 50,817) (12,396) -) 227,797) Motor vehicles
Perlengkapan kantor 307,618) 6,638) (34,287) 48,125) 328,094) Office equipment
Leasehold improvement 167,874) 17,227) (49,748) -) 135,353) Leasehold improvement
Aset hak-guna 359,222) 58,577) (81,959) -) 335,840) Right-of-use assets
Aset dalam penyelesaian 47,811) 35,386) (165) (48,125) 34,907) Construction in progress
1,092,053) 168,645) (178,555) -) 1,082,143)
Model biaya Cost model
Akumulasi penyusutan/ Accumulated depreciation/
amortisasi amortization
Bangunan (6,845) (620) -) -) (7,465) Buildings
Kendaraan bermotor (136,663) (29,909) 11,523) -) (155,049) Motor vehicles
Perlengkapan kantor (211,943) (47,563) 33,756) -) (225,750) Office equipment
Leasehold improvement (134,143) (15,687) 49,747) -) (100,083) Leasehold improvement
Aset hak-guna (223,692) (75,455) 81,593) -) (217,554) Right-of-use assets
(713,286) (169,234) 176,619) -) (705,901)
Nilai buku bersih 378,767) 376,242) Net book value
Rincian keuntungan penjualan aset tetap adalah Detail of gains on sale of fixed assets was as follows:
sebagai berikut:
2024 2023
Hasil atas penjualan aset tetap 4,360) 2,394) Proceeds from sale of fixed assets
Nilai buku (203) (801) Book value
Keuntungan penjualan aset tetap 4,157) 1,593) Gains on sale of fixed assets
Bank menyewa gedung, kendaraan bermotor dan The Bank leases buildings, motor vehicles and ATM
mesin ATM masing-masing untuk periode machines for a term of 1-11 years, 3 years and
1-11 tahun, 3 tahun dan 5 tahun. Kontrak tersebut 5 years, respectively. The contracts include an
mencakup opsi untuk memperbarui sewa untuk option to renew the lease for an additional period for
periode tambahan dengan durasi yang s ama the same duration after the end of the contract term.
setelah akhir masa kontrak.
PT Bank BTPN Syariah Tbk
54
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Page 569
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
13. ASET TETAP (lanjutan) 13. FIXED ASSETS (continued)
Perubahan nilai tercatat aset hak-guna tanggal Movement of the carrying amount of right-of-us e
31 Desember 2024 dan 2023 adalah sebagai assets as of 31 December 2024 and 2023 was as
berikut: follows:
2024
Kendaraan
Bermotor dan ATM/
Properti/ Motor Vehicles Jumlah/
Property and ATM Total
Nilai tercatat, awal tahun 111,842) 6,444) 118,286) Carrying amount, beginning year
Penambahan 70,047 ) 6,194 ) 76,241) Addition
Pengurangan (86,833) (143) (86,976) Deduction
Beban amortisasi 1,751 ) (6,580) (4,829) Amortization charge
Nilai tercatat, akhir tahun 96,807 ) 5,915 ) 102,722) Carrying amount, ending of year
2023
Kendaraan
Bermotor dan ATM/
Properti/ Motor Vehicles Jumlah/
Property and ATM Total
Nilai tercatat, awal tahun 126,759) 8,771) 135,530) Carrying amount, beginning year
Penambahan 54,895) 3,682) 58,577) Addition
Pengurangan (81,682) (277) (81,959) Deduction
Beban amortisasi 11,870) (5,732) 6,138) Amortization charge
Nilai tercatat, akhir tahun 111,842) 6,444) 118,286) Carrying amount, ending of year
Jumlah yang diakui dalam laba rugi yang Amounts related with lease transactions which have
berhubungan dengan transaksi sewa selama been recognised in profit or loss during as
tanggal 31 Desember 2024 dan 2023 adalah 31 December 2024 and 2023 were as follows:
sebagai berikut:
2024 2023
Bunga atas kewajiban sewa 2,091) 5,150) Interest on lease liabilities
Pembayaran sewa variabel tidak
termasuk dalam pengukuran Variable lease payments not included in
kewajiban sewa 2,295) 1,690) the measurement of lease liabilities
Amortisasi aset hak-guna 68,384) 75,455) Amortization of right-of-use assets
Beban yang berkaitan dengan sewa Expenses relating to short-term or low
jangka pendek atau nilai rendah 7,603) 10,196) value leases
Pada tanggal 31 Desember 2024 dan 2023, aset As of 31 December 2024 and 2023, fixed assets,
tetap, kecuali tanah, telah diasuransikan kepada except for land, have been insured by
PT Zurich General Takaful Indonesia (pihak ketiga) PT Zurich General Takaful Indonesia (third party) with
dengan total nilai pertanggungan masing-masing total coverage of Rp 180,846 and Rp 178,786,
sebesar Rp 180.846 dan Rp 178.786. Bank respectively. The Bank believes that the insurance
berpendapat bahwa nilai pertanggungan asuransi coverage is adequate to cover possible losses arising
cukup untuk menutup kemungkinan kerugian dari from the fixed assets.
aset tetap tersebut.
Pada tanggal 31 Desember 2024 dan 2023, Bank As of 31 December 2024 and 2023, the Bank
melakukan peninjauan kembali atas masa manfaat, performed a review on useful life, depreciation method
metode penyusutan dan nilai residu aset tetap dan and residual value of financial assets and concluded
menyimpulkan bahwa tidak terdapat perubahan that there were no changes in these methods and
PT Bank BTPN Syariah Tbk
atas metode dan asumsi tersebut. assumptions.
Berdasarkan penelaahan manajemen, tidak Based on management review, there was no
terdapat indikasi penurunan nilai atas aset tetap indication of impairment in the value of fixed assets.
tersebut di atas.
55
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
13. ASET TETAP (lanjutan) 13. FIXED ASSETS (continued)
Pada tanggal 31 Desember 2024 dan 2023, tidak As of 31 December 2024 and 2023, there were no fixed
terdapat aset tetap yang digunakan sebagai jaminan assets pledged as collaterals and no limitation of
dan tidak terdapat pembatasan kepemilikan atas ownership on fixed assets.
semua aset tetap.
Pada tanggal 31 Desember 2024, aset tetap yang As of 31 December 2024, fixed assets which had been
sudah disusutkan penuh namun masih digunakan fully depreciated but still used to support the Bank’s
untuk menunjang aktivitas o perasi Bank adalah operations amounted to Rp 492,382 (2023: Rp 376,020).
sebesar Rp 492.382 (2023: Rp 376.020).
Revaluasi tanah Revaluation of land
Penilaian atas tanah terakhir dilakukan untuk periode The valuations of land were last perfomed for
berakhir 31 Desember 2024 oleh KJPP Susan Widjojo period ended 31 December 2024 by KJPP
dan Rekan, penilai properti independen eksternal yang Susan Widjojo dan Rekan, an external independent
telah terdaftar di OJK, yang memenuhi kualifikasi property appraiser which are registered with OJK, who
profesional dan berpengalaman di lokasi dan kategori fulfills the professional qualifications and experience in
aset yang dinilai. the location and category of the assets being valued.
Metode penilaian yang dipakai adalah metode data The valuation method used was market value approach.
pasar. Elemen-elemen yang digunakan dalam Elements used in data comparison to determine fair
perbandingan data untuk menentukan nilai wajar aset value of assets, among others were as follows:
antara lain:
Perbandingan transaksi meliputi : Transaction comparison includes:
a) Hak atas properti yang dialihkan a) Rights to the property transferred
b) Syarat pembiayaan b) Financing terms
c) Kondisi penjualan c) Conditions of sale
d) Pengeluaran yang dilakukan segera setelah d) Expenditures made immediately after purchase
pembelian e) Market conditions
e) Kondisi pasar
Perbandingan properti meliputi : Property comparison includes:
a) Lokasi a) Location
b) Karakteristik fisik b) Physical characteristics
c) Karakteristik ekonomi c) Economic characteristics
d) Penggunaan d) Usage
e) Komponen non-ralety dalam penjualan e) Non-ralety components in sales
Nilai wajar ditentukan dengan menggunakan hierarki Fair values are determined using the following hierarchy
dan input-input yang digunakan dalam teknis penilaian of input used in the valuation techniques for non-
untuk aset non-keuangan: financial assets:
- Level 1: Input yang berasal dari harga kuotasian - Level 1: Inputs that are derived from quoted prices
(tanpa penyesuaian) dalam pasar aktif untuk aset (unadjusted) in active markets for identical assets.
yang identik.
- Level 2: Input selain harga kuotasian pasar dalam - Level 2: Inputs other than quoted market price
level 1 yang dapat d iobservasi baik secara langsung included in level 1 that are observable either directly
maupun tidak langsung. or indirectly.
- Level 3: Input yang tidak dapat diobservasi. - Level 3: Inputs that are unobservable
PT Bank BTPN Syariah Tbk
Pengukuran nilai wajar diatas dikategorikan sebagai The above fair value measurement has been
nilai wajar Level 2 berdasarkan input-input dalam teknik categorized as Level 2 fair value based on the inputs to
penilaian yang digunakan. the valuation technique used.
56
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
13. ASET TETAP (lanjutan) 13. FIXED ASSETS (continued)
Revaluasi tanah (lanjutan) Revaluation of land (continued)
Selisih penilaian kembali tanah pada tanggal The differences arising on land of revaluation as of
31 Desember 2024 dicatat sebagai keuntungan 31 December 2024 were recorded as gain on
revaluasi aset tetap dan disajikan pada revaluation of fixed assets and presented in
penghasilan komprehensif lain sebesar Rp 7.814 other comprehensive income amounting to Rp 7,814
(31 Desember 2023: nihil). (31 December 2023: nil).
Pada tanggal 31 Desember 2024 dan 2023, jumlah As of 31 December 2024 and 2023, the acquisition cost
harga perolehan tanah Bank adalah sebesar Rp 3.987. of the Bank’s land amounted to Rp 3,987.
14. ASET TAKBERWUJUD 14. INTANGIBLE ASSETS
2024
Saldo awal/
Beginning Penambahan/ Pengurangan/ Reklasifikasi/ Jumlah/
Balance Addition Deduction Reclassification Total
Biaya perolehan Cost
Piranti lunak 280,105) -) -) 126,498) 406,603) Software
Pengembangan piranti
lunak 103,502) 62,244) -) (126,498) 39,248) Software development
383,607) 62,244) -) -) 445,851)
Akumulasi amortisasi Accumulated amortization
Piranti lunak (172,863) (60,035) -) -) (232,898) Software
Nilai buku bersih 210,744) 212,953) Net book value
2023
Saldo awal/
Beginning Penambahan/ Pengurangan/ Reklasifikasi/ Jumlah/
Balance Addition Deduction Reclassification Total
Biaya perolehan Cost
Piranti lunak 209,743) -) (527) 70,889) 280,105) Software
Pengembangan piranti
lunak 86,806) 87,585) -) (70,889) 103,502) Software development
296,549) 87,585) (527) -) 383,607)
Akumulasi amortisasi Accumulated amortization
Piranti lunak (125,937) (46,926) -) -) (172,863) Software
Nilai buku bersih 170,612) 210,744) Net book value
Sisa periode amortisasi untuk piranti lunak pada Remaining amortisation period of software as of
tanggal 31 Desember 2024 dan 2023 adalah kurang 31 December 2024 and 2023 was below 4 years.
dari 4 tahun.
Manajemen berpendapat bahwa tidak terdapat indikasi Management believes that there was no indication of
adanya penurunan nilai aset takberwujud. impairment in the value of intangible assets.
Pada tanggal 31 Desember 2024 dan 2023, tidak As of 31 December 2024 and 2023, there were no
terdapat aset takberwujud yang digunakan sebagai intangible assets pledged as collaterals and no limitation
jaminan dan tidak terdapat pembatasan kepemilikan of ownership on the intangible assets.
atas semua aset takberwujud.
PT Bank BTPN Syariah Tbk
57
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Page 572
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
15. ASET LAIN-LAIN – BERSIH 15. OTHER ASSETS – NET
2024 2023
Pihak ketiga Third parties
Uang jaminan 8,809) 8,560) Guarantee deposits
Uang muka 3,283) 7,460) Advances
Lain-lain 5,722) 19,450) Others
17,814) 35,470)
Uang muka terdiri dari berbagai uang muka untuk Advances consist of various advances for
keperluan operasional di kantor pusat dan tim operational needs at head office and teams.
lapangan.
Lain-lain sebagian besar terdiri dari berbagai Others mainly consist of various receivables from
macam tagihan dari transaksi kepada pihak ketiga. transaction with third parties.
16. LIABILITAS SEGERA 16. LIABILITIES DUE IMMEDIATELY
2024 2023
Titipan bagi hasil deposito 2,141) 3,943) Unsettled profit sharing of time deposits
Lainnya 20,822) 25,402) Others
22,963) 29,345)
Lainnya terdiri dari utang lainnya kepada pihak Others mainly consist of other payables to third
ketiga. parties.
17. BAGI HASIL YANG BELUM DIBAGIKAN 17. UNDISTRIBUTED REVENUE SHARING
Akun ini merupakan bagi hasil yang belum This account represents the undistributed share of
dibagikan oleh Bank kepada shahibul maal atas the customer (shahibul maal) on the distribution of
bagian keuntungan hasil usaha Bank yang telah income generated by the Bank from managing
disisihkan dari pengelolaan dana mudharabah . mudharabah funds.
Bagi hasil yang belum dibagikan Bank pada Undistributed revenue sharing by the Bank at
tanggal pelaporan adalah bagi hasil untuk deposito reporting date represented the revenue sharing for
dan tabungan mudharabah dengan saldo pada mudharabah time deposits and saving deposits with
tanggal 31 Desember 2024 dan 2023 masing- balance as of 31 December 2024 and 2023
masing sebesar Rp 18.825 dan Rp 21.951. amounted to Rp 18,825 and Rp 21,951 respectively.
18. SIMPANAN NASABAH 18. DEPOSITS FROM CUSTOMERS
2024 2023
Pihak ketiga Third parties
Tabungan wadiah Wadiah saving deposits
Tepat Tabungan Kelompok 2,062,460) 2,140,799) Tepat Tabungan Kelompok
Tepat Tabungan 53,535) 44,477) Tepat Tabungan
Tepat Tabungan Rencana 1,409) 12,033) Tepat Tabungan Rencana
Tabungan Haji 257) 166) Tabungan Haji
Tabungan Mapan Syariah 13) 13) Tabungan Mapan Syariah
2,117,674) 2,197,488)
Giro wadiah 6,792) 24,009) Wadiah demand deposits
2,124,466) 2,221,497)
Pihak berelasi Related parties
Tabungan wadiah Wadiah saving deposits
Tepat Tabungan 571) 351) Tepat Tabungan
PT Bank BTPN Syariah Tbk
Tepat Tabungan Rencana 44) 149) Tepat Tabungan Rencana
615) 500)
2,125,081) 2,221,997)
58
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Page 573
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
18. SIMPANAN NASABAH (lanjutan) 18. DEPOSITS FROM CUSTOMERS (continued)
Giro wadiah merupakan giro wadiah yad -dhamanah Wadiah demand deposits represent wadiah yad-
yaitu titipan dana pihak lain yang dapat diberikan dhamanah in which depositors can be given bonuses
bonus berdasarkan kebijakan Bank. Selama tahun based on the Bank’s discretion policy. During the
yang berakhir pada tanggal 31 Desember 2024 dan years ended 31 December 2024 and 2023, the
2023, Bank membagikan bonus untuk produk giro Bank distributed bonuses for wadiah demand
wadiah masing-masing sebesar Rp 316 dan Rp 761 deposits amounting to Rp 316 and Rp 761,
(Catatan 32). Bonus rata-rata giro wadiah untuk respectively (Note 32). The average bonus rate for
tahun yang berakhir pada tanggal wadiah demand deposits for the years ended
31 Desember 2024 dan 2023 masing-masing 31 Deember 2024 and 2023 was 2.79% dan 2.70%,
adalah 2,79% dan 2,70%. respectively.
Tabungan wadiah merupakan simpanan dana Wadiah saving deposits represent deposits in Rupiah
dalam mata uang Rupiah yang dapat diberikan in which depositors can be given bonuses based on
bonus berdasarkan kebijakan Bank. the Bank’s discretion policy.
19. PERPAJAKAN 19. TAXATION
a. Utang pajak a. Taxes payable
2024 2023
Pajak penghasilan badan Corporate income tax
- Pasal 25 8,966) 29,385) Article 25 -
- Pasal 29 8,443 ) 5,466) Article 29 -
17,409) 34,851)
Pajak lainnya Other taxes
- Pasal 21 4,289 ) 6,832) Article 21 -
- Pasal 23, 26 dan 4(2) 8,853 ) 9,183) Article 23, 26 and 4(2) -
- Pajak pertambahan nilai 2) 35) Value added tax -
13,144 ) 16,050)
Total 30,553 ) 50,901) Total
b. Beban pajak penghasilan b. Income tax expense
2024 2023
Pajak penghasilan badan Corporate income tax
- Kini (247,880) (411,468) Current -
- Tangguhan: Deferred: -
Pembentukan perbedaan temporer (44,156) 112,162) Origination of temporary differences
(292,036) (299,306)
c. Berdasarkan Undang -Undang perpajakan di c. Under the Indonesian taxation laws, the Bank
Indonesia, Bank menghitung dan submits tax returns on a self-assessment basis.
melaporkan/menyetorkan pajak berdasarkan The tax authorities may assess/amend taxes
sistem self-assessment. Fiskus dapat within the statute of limitations under prevailing
menetapkan/mengubah pajak-pajak tersebut regulations.
dalam jangka waktu tertentu sesuai peraturan
yang berlaku.
PT Bank BTPN Syariah Tbk
59
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Page 574
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
19. PERPAJAKAN (lanjutan) 19. TAXATION (continued)
d. Rekonsiliasi atas beban pajak penghasilan Bank d. The reconciliation between the Bank’s income tax
dengan laba akuntansi Bank sebelum beban expense with the calculation of the accounting
pajak penghasilan dikali tarif pajak yang berlaku income before income tax expense multiplied by
adalah sebagai berikut: the prevailing tax rate was as follows:
2024 2023
Laba sebelum pajak penghasilan 1,353,196) 1,379,894) Income before tax
Tarif pajak yang berlaku 22% 22% Prevailing tax rate
297,703) 303,577)
Beda permanen dengan tarif 22% (5,667) (4,271) Permanent differences at tax 22%
Beban pajak penghasilan 292,036) 299,306) Income tax expense
e. Rekonsiliasi dari laba akuntansi sebelum pajak e. The reconciliation of accounting income before tax
penghasilan ke penghasilan kena pajak untuk to taxable income for the years ended
periode tahun yang berakhir tanggal 31 December 2024 and 2023 was as follows:
31 Desember 2024 dan 2023 adalah sebagai
berikut:
2024 2023
Laba akuntansi sebelum pajak
penghasilan 1,353,196) 1,379,894) Accounting income before tax
Perbedaan tetap Permanent differences
Penghasilan yang tidak dikenakan
pajak dan beban yang tidak dapat Non-taxable income and non-deductible
dikurangkan (25,758) (19,413) expenses
Perbedaan temporer Temporary differences
Liabilitas imbalan kerja karyawan 46,773) 28,340) Employee benefits obligation
Akrual bonus dan tantiem (14,787) 22,524) Accrued bonus and tantiem
Penyusutan aset tetap 4,629) (11,044) Depreciation of fixed assets
Cadangan kerugian penurunan nilai Allowance for impairment losses
atas piutang, pembiayaan dan on receivables, financing and
aset produktif lainnya (270,750) 478,746) other earning assets
Penghasilan (beban) dari selisih kurs (3,651) 892) Income (expenses) from exchange rate
Kerugian yang belum direalisasi dari Unrealized losses from
penilaian investasi pada valuation of investment in
efek ekuitas 30,931) -) equity securities
Lainnya 6,145) (9,629) Others
Penghasilan kena pajak 1,126,728) 1,870,310) Taxable income
Beban pajak penghasilan kini 247,880) 411,468) Current income tax expense
Dikurangi: pajak dibayar dimuka (230,471) (376,617) Less: prepaid tax
Utang pajak penghasilan 17,409) 34,851) Income tax payable
Perhitungan pajak penghasilan yang berakhir The calculations of income tax ended
sampai dengan tanggal 31 Desember 2024 di atas 31 December 2024 above were preliminary
adalah suatu perhitungan estimasi awal yang estimates made for financial statement preparation
dibuat untuk tujuan penyusunan laporan purposes and were subject to change at the time
keuangan ini dan dapat berubah pada saat Bank the Bank submits its Annual Corporate Income
menyampaikan Surat Pemberitahuan Tahunan Tax Return (SPT) for fiscal year 2024.
(SPT) pajak tahun fiskal 2024.
Perhitungan pajak penghasilan untuk tahun yang The calculations of income tax for the year ended
PT Bank BTPN Syariah Tbk
berakhir pada tanggal 31 Desember 2023 telah 31 December 2023 was in accordance to Annual
sesuai dengan Surat Pemberitahuan Tahunan Corporate Income Tax Return (SPT) for fiscal
(SPT) pajak tahun fiskal 2023. year 2023.
60
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
19. PERPAJAKAN (lanjutan) 19. TAXATION (continued)
f. Rincian aset (liabilitas) pajak tangguhan pada tanggal f. The details of the deferred tax assets (liabilities) as of
31 Desember 2024 dan 2023 adalah sebagai berikut: 31 December 2024 and 2023 were as follows:
2024
Dikreditkan
(dibebankan) ke
laba rugi/ Dibebankan
Credited (charged) ke ekuitas/
1 Januari/ to Charged to 31 Desember/
January profit or loss equity December
Aset (liabilitas) pajak tangguhan Deferred tax assets (liabilities)
Akrual bonus dan tantiem 40,534) (3,253) -) 37,281) Accrued bonus and tantiem
Liabilitas imbalan kerja karyawan 9,122) 10,290) (2,672) 16,740) Employee benefits liabilities
Aset tetap (3,016) 1,018) -) (1,998) Fixed assets
Cadangan kerugian penurunan Allowance for impairment losses
nilai atas piutang, pembiayaan on receivables, financing and
dan aset produktif lainnya 218,020) (59,565) -) 158,455) other earning assets
Keuntungan yang belum Unrealized gains from
direalisasi dari surat berharga (40) -) (55) (95) marketable securities
Keuntungan yang belum Unrealized gain
direalisasi atas nilai tukar mata on currency
uang (646) (803) -) (1,449) exchange rates
Kerugian yang belum direalisasi Unrealized losses from
dari penilaian investasi pada valuation of investment in
efek ekuitas -) 6,805) -) 6,805) equity securities
Lainnya 9,618) 1,352) -) 10,970) Others
Aset pajak tangguhan - bersih 273,592) (44,156) (2,727) 226,709) Deferred tax assets - net
2023
Dikreditkan
(dibebankan) ke
laba rugi/ Dibebankan
Credited (charged) ke ekuitas/
1 Januari/ to Charged to Lainnya/ 31 Desember/
January profit or loss equity Others December
Aset (liabilitas) pajak tangguhan Deferred tax assets (liabilities)
Akrual bonus dan tantiem 35,579) 4,955) -) -) 40,534) Accrued bonus and tantiem
Liabilitas imbalan kerja karyawan 2,057) 6,235) 58) 772) 9,122) Employee benefits liabilities
Aset tetap (586) (2,430) -) -) (3,016) Fixed assets
Cadangan kerugian penurunan Allowance for impairment losses
nilai atas piutang murabahah 112,696) 105,324) -) -) 218,020) on murabahah receivables
Keuntungan yang belum Unrealized gains from
direalisasi dari surat berharga (18) -) (22) -) (40) marketable securities
Keuntungan yang belum Unrealized gain
direalisasi atas nilai tukar mata on currency
uang (842) 196) -) -) (646) exchange rates
Lainnya 11,736) (2,118) -) -) 9,618) Others
Aset pajak tangguhan - bersih 160,622) 112,162) 36) 772) 273,592) Deferred tax assets - net
Manajemen berpendapat bahwa aset pajak tangguhan Management believes that total deferred tax assets are
kemungkinan besar dapat direalisasi pada tahun-tahun probable to be realized in the future years.
mendatang.
g. Posisi pajak Bank dapat digugat oleh otoritas pajak. g. The Bank’s tax positions may be challenged by the tax
Posisi perpajakan Bank dibentuk atas dasar teknis yang authorities. The Bank’s tax positions are formed on sound
baik, sesuai dengan peraturan perpajakan. Oleh karena technical bases, in compliance with the tax regulations.
itu, manajemen berkeyakinan bahwa tidak diperlukan Accordingly, management believes that no accruals for
akrual untuk potensi liabilitas pajak penghasilan. potential income tax liabilities is necessary. This
Penilaian ini bergantung pada estimasi dan asumsi dan assessment relies on estimates and assumptions and may
mungkin melibatkan pertimbangan tentang peristiwa di involve judgment about future events. New information
masa depan. Informasi baru mungkin tersedia yang may become available that causes management to change
menyebabkan manajemen mengubah penilaiannya. its judgment. Such changes will impact tax expense in the
Perubahan tersebut akan berdampak pada beban pajak period in which such determination is made.
selama periode penetapan tersebut dibuat.
h. Peraturan Menteri Keuangan No.136 Tahun 2024 h. Minister of Finance Regulation No. 136 Year 2024
PT Bank BTPN Syariah Tbk
(“PMK-136/2024”) telah ditetapkan 31 Desember 2024 (“MOF-136/2024”) was enacted 31 December 2024 and
dan berlaku efektif 1 Januari 2025. Bank menerapkan effective starting 1 January 2025. The Bank has applied a
pengecualian sementara yang diwajibkan PSAK 212 mandatory temporary relief as per PSAK 212 from the
sehubungan dengan akuntansi pajak tangguhan yang deferred tax accounting for the impacts of the Pillar Two
terkait dengan pajak tambahan Pilar Dua. Bank berada top-up tax. The Bank is in the process of assessing the
dalam proses menilai eksposur terhadap exposure to the MOF-136/2024. Following the complexities
PMK-136/2024. Karena kompleksitas dalam in applying the MOF-136/2024, the quantitative impact of
menerapkan PMK-136/2024, dampak kuantitatif dari the enacted PMK-136/2024 is not yet reasonably
PMK-136/2024 yang telah ditetapkan belum dapat estimable.
diestimasi secara wajar.
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
20. SURAT BERHARGA YANG DITERBITKAN 20. SECURITIES ISSUED
Surat berharga yang diterbitkan terdiri dari: The securities issued consist of:
2024 2023
Sertifikat Investasi Mudharabah Antar Bank Certificate of Interbank Mudharabah Investment
(SIMA) 200,000) -) (SIMA)
Jangka waktu atas Sertifikat Investasi Mudharabah Certificate of Interbank Mudharabah Investment (SIMA)
Antar Bank (SIMA) adalah 7 hari dengan jatuh tempo time period is 7 days with maturity on 3 January 2025.
pada tanggal 3 Januari 2025.
Selama tahun yang berakhir pada tanggal During the years ended 31 December 2024
31 Desember 2024 dan 2023, Bank membagikan bagi and 2023, the Bank distributed profit sharing amounting to
hasil masing-masing sebesar Rp 2.561 dan Rp 620. Rp 2,561 and Rp 620, respectively.
21. LIABILITAS LAIN-LAIN 21. OTHER LIABILITIES
2024 2023
Insentif kepada nasabah 34,202) 24,512) Incentives to customers
Asuransi 14,726) 12,130) Insurance
Utang kepada pihak ketiga -) 620) Payable to third parties
Lain-lain 39,935) 25,307) Others
88,863) 62,569)
22. AKRUAL 22. ACCRUALS
2024 2023
Akrual beban operasional 63,659) 57,122) Accrued operational expenses
Akrual jasa profesional 7,262) 10,368) Accrued professional fees
Akrual beban promosi -) 78) Accrued promotion expenses
70,921) 67,568)
23. TABUNGAN MUDHARABAH 23. MUDHARABAH SAVINGS DEPOSITS
a. Berdasarkan jenis produk a. By product
2024 2023
Bukan bank Non-bank
Tepat Tabungan Platinum Bisnis 553,060) 482,900) Tepat Tabungan Platinum Bisnis
Tepat Tabungan Platinum 410,084) 404,721) Tepat Tabungan Platinum
Tepat Tabungan Payroll 8,528) 1,798) Tepat Tabungan Payroll
Tepat Tabungan Rencana 4,950) 535) Tepat Tabungan Rencana
976,622) 889,954)
b. Berdasarkan pihak berelasi dan pihak ketiga b. By related parties and third parties
2024 2023
PT Bank BTPN Syariah Tbk
Bukan bank Non-bank
Pihak ketiga 972,327) 887,890) Third parties
Pihak berelasi (Catatan 39) 4,295) 2,064) Related parties (Note 39)
976,622) 889,954)
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
23. TABUNGAN MUDHARABAH 23. MUDHARABAH SAVINGS DEPOSITS
Kisaran tingkat bagi hasil untuk tabungan mudharabah The range of profit sharing rate for mudharabah savings
pada tanggal 31 Desember 2024 dan 2023 adalah deposits as of 31 December 2024 and 2023 were as
sebagai berikut: follows:
2024
Tingkat bagi hasil (%) 1.00% - 4.00% Profit sharing rate (%)
2023
Tingkat bagi hasil (%) 1.00% - 4.00% Profit sharing rate (%)
Pada tanggal 31 Desember 2024 dan 2023, ada As of 31 December 2024 and 2023, there were
tabungan mudharabah yang diblokir dan dijadikan mudharabah saving deposits which were blocked and
sebagai jaminan atas pembiayaan masing-masing used as collateral for financing amounted
sebesar Rp 2.750 (2023: nihil). to Rp 2,750 (2023: nil), respectively.
24. DEPOSITO MUDHARABAH 24. MUDHARABAH TIME DEPOSITS
a. Berdasarkan pihak berelasi dan pihak ketiga a. By related parties and third parties
2024 2023
Bukan bank Non-bank
Pihak ketiga 8,593,793) 8,997,932) Third parties
Pihak berelasi (Catatan 39) 28,937) 32,934) Related parties (Note 39)
8,622,730) 9,030,866)
b. Berdasarkan jangka waktu b. By time period
2024 2023
Bukan bank Non-bank
> 1 - 3 bulan 8,362,894) 8,721,511) > 1 - 3 months
> 3 - 6 bulan 216,247) 299,222) > 3 - 6 months
> 9 - 12 bulan 43,566) 10,111) > 9 - 12 months
Lebih dari 12 bulan 23) 22) More than 12 months
8,622,730) 9,030,866)
c. Berdasarkan sisa umur sampai jatuh tempo c. By remaining period to maturity date
2024 2023
Bukan bank Non-bank
Hingga 1 bulan 7,325,763) 7,329,602) Up to 1 months
> 1 - 3 bulan 1,127,204) 1,467,881) > 1 - 3 months
> 3 - 6 bulan 144,231) 227,896) > 3 - 6 months
> 6 - 9 bulan 18,498) 1,193) > 6 - 9 months
> 9 - 12 bulan 7,011) 4,294) > 9 - 12 months
Lebih dari 12 bulan 23) -) More than 12 months
8,622,730) 9,030,866)
Kisaran tingkat bagi hasil untuk deposito mudharabah The range of profit sharing rate for mudharabah time
pada tanggal 31 Desember 2024 dan 2023 adalah deposits as of 31 December 2024 and 2023 were as
sebagai berikut: follows:
2024
Tingkat bagi hasil (%) 2.76% - 6.51% Profit sharing rate (%)
PT Bank BTPN Syariah Tbk
2023
Tingkat bagi hasil (%) 2.76% - 6.27% Profit sharing rate (%)
Pada tanggal 31 Desember 2024 dan 2023, ada As of 31 December 2024 and 2023, there were
deposito mudharabah yang diblokir dan dijadikan mudharabah time deposits which were blocked and
sebagai jaminan atas pembiayaan masing-masing used as collateral for financing amounted to
sebesar Rp 16.250 (2023: Rp 8.000). Rp 16,250 (2023: Rp 8,000), respectively.
63
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
25. MODAL SAHAM 25. SHARE CAPITAL
Susunan pemegang saham Bank pada tanggal The composition of the Bank’s shareholders as of
31 Desember 2024 dan 2023 adalah sebagai 31 December 2024 and 2023 was as follows:
berikut:
2024
Jumlah saham
ditempatkan dan Persentase
disetor penuh/ kepemilikan/ Jumlah modal/
Issued and fully Ownership Amount of
Pemegang saham paid shares percentage capital Shareholders
PT Bank SMBC Indonesia Tbk PT Bank SMBC Indonesia Tbk
(“SMBCI”) 5,392,590,000 70.000% 539,259 (“SMBCI”)
Masyarakat (masing-masing <5%) 2,310,867,000 29.997% 231,087 Public (below 5% each)
7,703,457,000 99.997% 770,346
Saham tresuri 243,000 0.003% 24 Treasury shares
7,703,700,000 100.000% 770,370
2023
Jumlah saham
ditempatkan dan Persentase
disetor penuh/ kepemilikan/ Jumlah modal/
Issued and fully Ownership Amount of
Pemegang saham paid shares percentage capital Shareholders
PT Bank SMBC Indonesia Tbk PT Bank SMBC Indonesia Tbk
(“SMBCI”) 5,392,590,000 70.000% 539,259 (“SMBCI”)
Masyarakat (masing-masing <5%) 2,310,493,900 29.992% 231,049 Public (below 5% each)
7,703,083,900 99.992% 770,308
Saham tresuri 616,100 0.008% 62 Treasury shares
7,703,700,000 100.000% 770,370
26. CADANGAN WAJIB 26. LEGAL RESERVES
Cadangan wajib dibentuk dalam rangka memenuhi The legal reserves are provided in accordance with
ketentuan pasal 70 Undang -undang No. 40/2007 Indonesian Limited Liability Company Law
mengenai Perseroan Terbatas yang mengharuskan No. 40/2007 article 70 which requires Indonesian
perusahaan Indonesia untuk membentuk cadangan companies to set up a legal reserve amounting to
wajib sebesar sekurang-kurangnya 20% dari jumlah at least 20% of the issued and fully paid-up capital.
modal yang ditempatkan dan disetor penuh. This particular law does not regulate the period of
Undang-undang tersebut tidak mengatur jangka time in relation to the provision of such reserves.
waktu untuk pembentukan cadangan tersebut.
Berdasarkan akta Risalah Rapat Umum Pemegang Based on the deed of the Annual General Meeting
Saham Tahunan PT BANK BTPN SYARIAH Tbk of Shareholders of PT BANK BTPN SYARIAH Tbk
tanggal 20 Maret 2024 No. 45 yang dibuat dated 20 March 2024 No. 45 made before Ashoya
dihadapan Notaris Ashoya Ratam, S.H., Mkn., Ratam, S.H., Mkn., Notary in Jakarta, the
Notaris di Jakarta, para pemegang saham shareholders approved the appropriation of net
menyetujui penggunaan laba bersih untuk tahun income for the year ended 31 December 2023 as
yang berakhir pada tanggal 31 Desember 2023 legal reserve amounted to Rp 20,000 (Note 27).
sebagai cadangan wajib sebesar Rp 20.000
(Catatan 27).
Berdasarkan keputusan Rapat Umum Pemegang Based on result of the Annual General Meeting of
Saham Tahunan tanggal 12 April 2023 yang berita Shareholders on 12 April 2023 which was notarized
PT Bank BTPN Syariah Tbk
acaranya diaktakan dengan akta No. 26 tanggal by Ashoya Ratam, Sh., Mk., in notarial deed No. 26
12 April 2023 dari Notaris Ashoya Ratam, S.H., dated 12 April 2023 the shareholders approved the
Mkn., para pemegang saham menyetujui appropriation of net income for the year ended
penggunaan laba bersih untuk tahun yang berakhir 31 December 2022 as legal reserve amounted to
pada tanggal 31 Desember 2022 sebagai cadangan Rp 20,000 (Note 27).
wajib sebesar Rp 20.000 (Catatan 27).
64
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
27. PENGGUNAAN LABA BERSIH 27. APPROPRIATION OF NET INCOME
Para pemegang saham menyetujui penggunaan laba The shareholders approved the appropriation of net
bersih untuk tahun yang berakhir pada tanggal income for the year ended 31 December 2023 as
31 Desember 2023 sebagai berikut: follows:
(1) Pembentukan tambahan cadangan wajib (1) Additional appropriation for legal reserve
sebesar Rp 20.000 untuk tahun 2024. amounted to Rp 20,000 for the year 2024.
(2) Bank membagikan dividen kepada para (2) The Bank distributed dividend to shareholders
pemegang saham sebesar Rp 540.397 atau amounting Rp 540,397 or Rp 70,15 (full amount)
Rp 70,15 (nilai penuh) per lembar saham. per share. Cash dividend was paid at the amount
Dividen tunai yang dibayarkan senilai of Rp 525,231 with tax on dividend amounting to
Rp 525.231 dengan pajak dividen sebesar Rp 15,166. On 19 April 2024,
Rp 15.166. Pada tanggal 19 April 2024, PT Kustodian Sentral Efek Indonesia has
PT Kustodian Sentral Efek Indonesia telah distributed cash dividends to Shareholders
melakukan distribusi dividen tunai kepada based on the recording date of 2 April 2024.
Pemegang Saham berdasarkan tanggal
pencatatan tanggal 2 April 2024.
(3) Sisa saldo laba bersih yang diperoleh Bank (3) The remaining balance of the Bank’s net income,
setelah dikurangi pembentukan tambahan after deducting with additional appropriation
cadangan wajib dan pembagian dividen, legal reserves and dividend payment, shall be
dinyatakan sebagai saldo laba yang belum declared as unappropriated retained earnings.
ditentukan penggunaannya.
Para pemegang saham menyetujui penggunaan laba The shareholders approved the appropriation of net
bersih untuk tahun yang berakhir pada tanggal income for the year ended 31 December 2022 as
31 Desember 2022 sebagai berikut: follows:
(1) Pembentukan tambahan cadangan wajib (1) Additional appropriation for legal reserve
sebesar Rp 20.000 untuk tahun 2023. amounted to Rp 20,000 for the year 2023.
(2) Bank membagikan dividen kepada para (2) The Bank distributed dividend to shareholders
pemegang saham sebesar Rp 712.535 atau amounting Rp 712,535 or Rp 92.50 (full amount)
Rp 92,50 (nilai penuh) per lembar saham. per share. Cash dividend was paid at the amount
Dividen tunai yang dibayarkan senilai of Rp 681,151 with tax on dividend amounting to
Rp 681.151 dengan pajak dividen sebesar Rp 31,384. On 12 May 2023,
Rp 31.384. Pada tanggal 12 Mei 2023, PT Kustodian Sentral Efek Indonesia has
PT Kustodian Sentral Efek Indonesia telah distributed cash dividends to Shareholders
melakukan distribusi dividen tunai kepada based on the recording date of 2 May 2023.
Pemegang Saham berdasarkan tanggal
pencatatan tanggal 2 Mei 2023.
(3) Sisa saldo laba bersih yang diperoleh Bank (3) The remaining balance of the Bank’s net income,
setelah dikurangi pembentukan tambahan after deducting with additional appropriation legal
cadangan wajib dan pembagian dividen, reserves and dividend payment, shall be
dinyatakan sebagai saldo laba yang belum declared as unappropriated retained earnings.
ditentukan penggunaannya.
28. PENDAPATAN USAHA UTAMA LAINNYA 28. OTHER MAIN OPERATING INCOME
2024 2023
Pendapatan dari investasi pada surat Income from investment in
berharga 531,828) 411,569) marketable securities
Pendapatan bagi hasil penempatan Profit sharing income from placements
pada Deposito 12,332) 10,785) in Deposits
Pendapatan bonus penempatan pada Bonus income from placements
FASBIS 10,922) 5,573) in FASBIS
Pendapatan bagi hasil penempatan Profit sharing income from placements
pada Sertifikat Investasi in Certificate of Interbank Mudharabah
Mudharabah Antarbank (SIMA) 7,904) 7,157) Investment (SIMA)
Pendapatan dari bank-bank lain & Income from other banks and Bank
5,581) 6,767)
PT Bank BTPN Syariah Tbk
Bank Indonesia – lainnya Indonesia - others
568,567) 441,851)
65
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
29. HAK PIHAK KETIGA ATAS BAGI HASIL DANA 29. THIRD PARTIES’ SHARE ON RETURN OF
SYIRKAH TEMPORER TEMPORARY SYIRKAH FUNDS
2024 2023
Deposito mudharabah 470,858) 455,237) Mudharabah time deposits
Tabungan mudharabah 30,351) 29,756) Mudharabah savings deposits
Sertifikat Investasi Mudharabah Interbank Mudharabah Investment
Antarbank (SIMA) 2,561) 620) (SIMA)
Sertifikat Investasi Pengelolaan Dana Fund Management
Berdasarkan Prinsip Syariah Based on Sharia Principles
Antarbank (SiPA) 334) -) between Banks (SiPA)
Pembiayaan yang diterima -) 820) Borrowings
504,104) 486,433)
30. PENDAPATAN OPERASIONAL LAINNYA 30. OTHER OPERATING INCOME
2024 2023
Penerimaan kembali piutang yang Recovery from
telah dihapusbukukan 62,933) 55,960) written-off receivables
Jasa administrasi layanan bank 1,477) 1,339) Bank service administration fees
Kerugian yang belum direalisasi dari Unrealized losses from valuation of
penilaian investasi pada efek ekuitas (30,931) -) investment in equity securities
Lain-lain 10,246) 3,650) Others
43,725) 60,949)
Kerugian yang belum direalisasi dari penilaian Unrealized losses from valuation of investment in
investasi pada efek ekuitas adalah hasil dari penilaian equity securities was result from valuation of fair
atas nilai wajar investasi yang dilakukan oleh Entitas value investment made by the Subsidiary to
Anak ke Dagangan Pte. Ltd. (Catatan 9i). Dagangan Pte. Ltd. (Note 9i).
31. BEBAN TENAGA KERJA 31. PERSONNEL EXPENSES
2024 2023
Tunjangan karyawan 729,666) 670,604) Employee allowances
Gaji dan upah 648,898) 613,880) Salaries and wages
Pendidikan dan pelatihan 46,321) 41,698) Education and training
Imbalan pascakerja 38,258) 34,123) Post-employment benefits
Imbalan kerja jangka panjang lainnya 2,130) 2,100) Other long-term employee benefits
1,465,273) 1,362,405)
32. BEBAN UMUM DAN ADMINISTRASI 32. GENERAL AND ADMINISTRATIVE EXPENSES
2024 2023
Perlengkapan kantor dan jasa Office equipment and third party
dari pihak ketiga 258,691) 255,216) services
Penyusutan aset tetap (Catatan 13) 182,021) 169,234) Depreciation of fixed assets (Note 13)
Pemeliharaan dan perbaikan 102,759) 84,101) Service and maintenance
Amortisasi aset takberwujud (Catatan 14) 60,035) 46,926) Amortization of intangible assets (Note 14)
Jasa profesional 40,488) 27,933) Professional fees
Asuransi 26,394) 28,577) Insurance
Sewa 11,989) 17,036) Rent
Promosi 9,983) 9,732) Promotion
Bonus simpanan wadiah (Catatan 18) 316) 761) Wadiah deposit bonus (Note 18)
PT Bank BTPN Syariah Tbk
Lain-lain 2,364) 3,456) Others
695,040) 642,972)
66
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
33. PEMBENTUKAN CADANGAN KERUGIAN 33. PROVISION FOR ALLOWANCE OF
PENURUNAN NILAI IMPAIRMENT LOSSES
2024 2023
Piutang murabahah (Catatan 10) 1,359,805) 1,898,302) Murabahah receivables (Note 10)
Piutang qardh 106) 221) Qardh receivables
Pembiayaan musyarakah (Catatan 11) (145) (406) Musyarakah financing (Note 11)
1,359,766) 1,898,117)
34. BEBAN OPERASIONAL LAINNYA 34. OTHER OPERATING EXPENSES
2024 2023
Pengembangan komunitas 46,907) 7,263) Community development expenses
Keanggotaan OJK 10,191) 11,189) OJK membership
Kerugian operasional 7,357) 7,421) Operational loss
Lain-lain 2,809) 12,262) Others
67,264) 38,135)
Lain-lain terdiri dari beban operasional terkait Others consist of operating expenses related to
dengan program laku pandai, entertainment dan financial inclusion program, entertainment and
rekruitment. recruitment.
35. PENDAPATAN NON-OPERASIONAL – BERSIH 35. NON-OPERATING INCOME - NET
2024 2023
Pendapatan non-operasional 5,008) 2,899) Non-operating income
Beban non-operasional (2,467) (2,074) Non-operating expenses
2,541) 825)
Pendapatan non -operasional sebagian besar terdiri Non-operating income mostly consists of gain on
dari keuntungan penjualan aset tetap dan sale of fixed assets and other non-operating
pendapatan non -operasional lainnya. income.
Beban non-operasional terdiri dari sumbangan, Non-operating expenses consist of contribution,
iuran keanggotaan, dan lain -lain. membership fees, and others.
36. INFORMASI MENGENAI KOMITMEN DAN 36. COMMITMENTS AND CONTINGENCIES
KONTINJENSI INFORMATION
a. Bank memiliki tagihan kontinjensi berupa a. The Bank had contingent receivables in the
pendapatan dari piutang pembiayaan form of income from non-performing financing
yang non-performing sebesar Rp 54.744 pada receivables amounting to Rp 54,744 as of
tanggal 31 Desember 2024 31 December 2024 (31 December 2023:
(31 Desember 2023: Rp 44.739). Rp 44,739).
b. Bank memiliki liabilitas komitmen berupa b. The Bank had committed liability in the form of
fasilitas pembiayaan musyarakah kepada unused musyarakah financing facilities
nasabah yang belum ditarik - uncommitted granted - uncommitted amounting to
sebesar Rp 170.028 pada tanggal Rp 170,028 as of 31 December 2024
31 Desember 2024 (31 Desember 2023 (31 December 2023 amounting to nil).
PT Bank BTPN Syariah Tbk
sebesar nihil).
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
37. LABA BERSIH PER SAHAM 37. EARNINGS PER SHARE
2024 2023
Laba bersih tahun berjalan 1,061,160) 1,080,588) Net profit for the year
Jumlah rata-rata tertimbang Weighted average number
saham biasa 7,703,434,038) 7,703,042,821) of shares
Laba bersih per saham dasar/ Basic/diluted earnings per
dilusian (nilai penuh) 138) 140) share (full amount)
Pada tanggal 31 Desember 2024 dan 2023, tidak ada As of 31 December 2024 and 2023, there were no
efek yang berpotensi saham yang dapat menimbulkan dilutive potential ordinary shares that would give rise
pengaruh dilusi pada laba bersih per saham Bank. to a dilution of the Bank’s earnings per share.
38. LIABILITAS IMBALAN KERJA KARYAWAN 38. EMPLOYEE BENEFITS LIABILITIES
2024 2023
Imbalan kerja jangka pendek: Short-term employee benefits:
Akrual bonus karyawan, THR, Accruals of employee
tantiem dan liabilitas jangka bonus, THR, tantiem and
pendek lainnya 161,870) 179,207) other short-term liabilities
Imbalan kerja jangka panjang: Long-term employee benefits:
Imbalan pascakerja 73,608) 36,367) Post-employment benefits
Imbalan kerja jangka panjang Other long-term employee
lainnya 13,652) 13,716) benefits
Liabilitas yang diakui pada laporan Liabilities recognised in the statement of
posisi keuangan 249,130) 229,290) financial position
Bank menerapkan kebijakan program imbalan The Bank implemented a policy on post-employment
pascakerja sesuai dengan Undang-Undang Cipta benefits based on Job Creation Act (UUCK) No. 6 Year
Kerja (UUCK) No. 6 Tahun 2023, Peraturan 2023, Government Regulations No. 35 Year 2021 and
Pemerintah No. 35 Tahun 2021 dan Perjanjian Kerja Collective Labor Agreement applied by the Bank. The
Bersama yang berlaku di Bank. Dasar perhitungan calculation of UUCK No. 6 benefits is based on current
imbalan UUCK No. 6 ini menggunakan gaji pokok basic salary.
terkini.
Program tersebut memberikan imbalan pensiun yang The program calls for benefits to be paid to eligible
akan dibayarkan kepada karyawan yang berhak pada employees at retirement or when the employees resign
saat karyawan pensiun atau pada saat karyawan according to the Labor Law regulation.
tersebut berhenti sesuai dengan peraturan UU
Ketenagakerjaan.
Pendanaan program pascakerja ini ditanggung Post-employement benefit plan is fully funded by the
sepenuhnya oleh Bank dengan membayar iuran yang Bank, by paying sufficient contributions to meet the
setidaknya memenuhi jumlah minimum seperti yang minimum requirements set forth in applicable laws. The
diharuskan oleh peraturan perundang-undangan yang Bank’s defined benefit pension plan is managed by
berlaku. Pengelolaan dana program pensiun imbalan PT Asuransi Allianz Life Indonesia.
pasti dilakukan oleh PT Asuransi Allianz Life
Indonesia.
Selain imbalan yang disebutkan diatas, Bank juga Beside the benefit mentioned above, the Bank also
memberikan imbalan kerja jangka panjang lainnya provides other long-term employee benefits in form of
berupa imbalan cuti panjang. long service leave benefit.
Penilaian aktuarial pada tanggal 31 Desember 2024 The actuarial valuation as of 31 December 2024 was
dilakukan oleh konsultan aktuaria terdaftar, Kantor performed by registered actuarial consulting firm,
Konsultan Aktuaria Yusi dan Rekan (2023: Kantor Kantor Konsultan Aktuaria Yusi dan Rekan (2023:
PT Bank BTPN Syariah Tbk
Konsultan Aktuaria Yusi dan Rekan), aktuaris Kantor Konsultan Aktuaria Yusi dan Rekan),
independen, dengan menggunakan metode projected independent actuary, using projected unit credit
unit credit sebagaimana yang tercantum dalam method as stated in its reports dated 4 February 2025
laporan pada tanggal 4 Februari 2025 (2023: tanggal (2023: 9 January 2024) with the following assumptions:
9 Januari 2024) dengan asumsi-asumsi sebagai
berikut:
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
38. LIABILITAS IMBALAN KERJA KARYAWAN 38. EMPLOYEE BENEFITS LIABILITIES
(lanjutan) (continued)
Program pensiun imbalan pasti Defined benefit pension plan
2024 2023
Tingkat diskonto per tahun 6.46% - 7.11% 6.45% - 7.14% Annual discount rate
Tingkat kenaikan gaji per tahun 9% 9% Annual salary increase rate
Tabel mortalita TMI (Tabel Mortalita TMI (Tabel Mortalita Mortality table
Indonesia) 2019/ Indonesia) 2019/
TMI (Indonesian TMI (Indonesian
Mortality Table) 2019 Mortality Table) 2019
Usia pensiun 55 tahun/years 55 tahun/years Retirement age
Imbalan pascakerja Post-employment benefits
Status pendanaan atas program pensiun pada The funding status of the pension plan as of
tanggal 31 Desember 2024 dan 2023 yang masing- 31 December 2024 and 2023 based on the actuarial
masing berdasarkan laporan aktuaria adalah sebagai reports was as follows:
berikut:
2024 2023
Nilai kini liabilitas imbalan pasti (253,470) (229,374) Present value of defined benefits liabilities
Nilai wajar aset program 202,547) 204,563) Fair value of plan assets
(Kekurangan) surplus pendanaan (50,923) (24,811) Funding (deficit) surplus
Dampak batas atas aset -) -) The effect of the asset ceiling
(Liabilitas) aset imbalan bersih neto (50,923) (24,811) Net defined benefit (liability) asset
Perubahan liabilitas imbalan pasti yang timbul dari The movement in the defined benefits liabilities arising
imbalan pascakerja selama tahun berjalan adalah from post-employment benefits during the year was as
sebagai berikut: follows:
2024 2023
Nilai kini liabilitas imbalan Present value of defined benefits
pasti, awal tahun 229,374) 195,106) liabilities, beginning of year
Termasuk dalam laba rugi Included in profit or loss
Beban jasa kini 37,311) 34,487) Current service cost
Beban bunga 15,073) 13,647) Interest expense
Termasuk dalam penghasilan Included in other comprehensive
komprehensif lain income
Pengukuran kembali: Remeasurement:
- Penyesuaian asumsi keuangan (3,231) 6,593) Changes in financial assumption -
- Penyesuaian pengalaman (14,670) (11,247) Experience adjustment -
Lain-lain Others
Imbalan yang dibayar (10,387) (9,212) Benefits paid
Nilai kini liabilitas imbalan Present value of defined
pasti, akhir tahun 253,470) 229,374) benefits liabilities, end of year
Pergerakan nilai wajar aset program selama tahun The movement in the fair value of plan assets during
berjalan adalah sebagai berikut: the year was as follows:
2024 2023
Saldo, awal tahun 204,563) 202,188) Balance, beginning of year
Termasuk dalam laba rugi Included in profit or loss
Hasil yang diharapkan dari aset Expected return on plan
program 14,126) 14,521) assets
Termasuk dalam penghasilan Included in other comprehensive
PT Bank BTPN Syariah Tbk
komprehensif lain income
Penyesuaian pengalaman (5,755) (12,934) Experience adjustments
Lain-lain Others
Kontribusi pemberi kerja -) 10,000) Employer’s contribution
Imbalan yang dibayar (10,387) (9,212) Benefits paid
Saldo, akhir tahun 202,547) 204,563) Balance, ending of year
69
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
38. LIABILITAS IMBALAN KERJA KARYAWAN 38. EMPLOYEE BENEFITS LIABILITIES
(lanjutan) (continued)
Imbalan pascakerja (lanjutan) Post-employment benefits (continued)
Seluruh aset program pensiun pada tanggal All of the pension plan assets as of
31 Desember 2024 dan 2023 ditempatkan pada 31 December 2024 and 2023 were placed on
Program Dana Pensiun Lembaga Keuangan Allianz Program Dana Pensiun Lembaga Keuangan Allianz
dengan deposito berjangka sebagai aset yang with time deposits as underlying assets.
mendasari.
Bank terekspos dengan beberapa risiko melalui The Bank is exposed to a number of risks through
program imbalan pasti. Risiko yang paling signifikan its defined benefit pension plans. The most
adalah sebagai berikut: significant risks are as follows:
Volatilitas aset Asset volatility
Liabilitas program dihitung menggunakan tingkat The plan liabilities are calculated using a discount
diskonto yang merujuk kepada tingkat imbal hasil rate set with reference to government bond yields. If
obligasi pemerintah. Jika imbal hasil aset program plan assets underperform this yield, then this will
lebih rendah, maka akan menghasilkan defisit create a deficit.
program.
Hasil yang diharapkan dari aset program ditentukan The expected return on plan assets is determined
dengan mempertimbangkan imbal hasil yang by considering the expected returns available on the
diharapkan atas aset dengan mengacu pada assets underlying the current investment policy .
kebijakan investasi. Hasil investasi bunga tetap Expected yields on fixed interest investments are
didasarkan pada hasil pengembalian bruto pada based on gross redemption yields as of the reporting
tanggal pelaporan. date.
2024 2023
Dampak batas atas aset pada awal Effect of asset ceiling at beginning of
periode -) 7,082) period
Termasuk dalam laba rugi Included in profit or loss
Bunga atas dampak batas aset -) 510) Interest on the effect of asset ceiling
Termasuk dalam penghasilan Included in other comprehensive
komprehensif lain income
Setiap perubahan yang berdampak Any change in the effect of the
pada batas atas aset, tidak termasuk asset ceiling, excluding
jumlah yang dimasukkan dalam amounts included in net
bunga neto atas liabilitas (aset) interest on the net defined
imbalan pasti neto -) (7,592) benefit liability (asset)
Dampak batas atas aset pada akhir Effect of asset ceiling at the
periode -) -) end of period
Nilai kini liabilitas imbalan pascakerja, nilai wajar Present value of post-employment benefits
aset program, defisit/surplus pada program dan liabilities, fair value of plan assets, deficit/surplus of
penyesuaian pada liabilitas program dan aset program and adjustment on plan liabilities and plan
program untuk 5 tahun terakhir adalah sebagai assets for the last 5 years were as follows:
berikut:
2024 2023 2022 2021 2020
Nilai kini liabilitas imbalan Present value of
pasti (253,470) (229,374) (195,106) (240,583) (217,467) defined benefits liabilities
Nilai wajar aset Fair value of plan
program 202,547) 204,563) 202,188) 219,728) 193,363) asset
Surplus (defisit) (50,923) (24,811) 7,082) (20,855) (24,104) Surplus (deficit)
The effect of the asset
Dampak batas atas aset -) -) (7,082) -) -) ceiling
(Liabilitas) aset imbalan Net defined benefit
PT Bank BTPN Syariah Tbk
bersih neto (50,923) (24,811) -) (20,855) (24,104) (liability) asset
Penyesuaian yang timbul Adjustments on
pada liabilitas program (17,901) (4,654) (23,942) (13,603) (7,606) plan liabilities
Penyesuaian pengalaman
yang timbul pada aset Experience
program (5,755) (12,934) (10,969) (8,153) (5,969) adjustment on plan assets
70
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Page 585
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
38. LIABILITAS IMBALAN KERJA KARYAWAN 38. EMPLOYEE BENEFITS LIABILITIES
(lanjutan) (continued)
Imbalan pascakerja (lanjutan) Post-employment benefits (continued)
Manajemen berkeyakinan bahwa estimasi liabilitas Management believes that the estimated post-
atas imbalan pascakerja pada tanggal employment benefit liabilities as of
31 Desember 2024 dan 2023 telah memenuhi 31 December 2024 and 2023 have fulfilled the
persyaratan minimum UUCK. minimum requirements of UUCK.
Durasi rata-rata tertimbang dari liabilitas program The weighted average duration of the defined
pensiun imbalan pasti pada tanggal benefit pension obligation as of 31 December 2024
31 Desember 2024 dan 2023 masing-masing and 2023 was 13.65 years and 14.79 years,
adalah 13,65 tahun dan 14,79 tahun. respectively.
Analisis jatuh tempo yang diharapkan dari imbalan Expected maturity analysis of undiscounted pension
pensiun yang tidak didiskontokan adalah sebagai benefits was as follows:
berikut:
2024 2023
Hingga 1 tahun 20,215) 11,709) Up to 1 year
> 1 - 2 tahun 32,329) 14,013) > 1 - 2 years
> 2 - 5 tahun 85,678) 100,282) > 2 - 5 years
Lebih dari 5 tahun 1,878,712) 2,158,255) More than 5 years
Sensitivitas dari kewajiban imbalan pasti terhadap The sensitivity of the defined benefit obligation to
perubahan asumsi aktuaria utama adalah sebagai changes in the principal actuarial assumptions was
berikut: as follows:
2024
Dampak program pensiun imbalan pasti/
Impact on defined benefit pension plan
Kenaikan (penurunan) nilai
kini kewajiban imbalan kerja/
Perubahan asumsi/ Increase (decrease) in present
Change in assumption value of benefit obligation
Kenaikan/Increase 1% (19,009)
Tingkat diskonto Penurunan/Decrease 1% 21,670) Discount rate
Kenaikan/Increase 1% 19,994)
Tingkat kenaikan gaji Salary increase rate
Penurunan/Decrease 1% (17,941)
2023
Dampak program pensiun imbalan pasti/
Impact on defined benefit pension plan
Kenaikan (penurunan) nilai
kini kewajiban imbalan kerja/
Perubahan asumsi/ Increase (decrease) in present
Change in assumption value of benefit obligation
Kenaikan/Increase 1% (18,539)
Tingkat diskonto Discount rate
Penurunan/Decrease 1% 21,207)
Kenaikan/Increase 1% 20,208)
Tingkat kenaikan gaji Penurunan/Decrease 1% (18,048) Salary increase rate
PT Bank BTPN Syariah Tbk
71
584
Page 586
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
38. LIABILITAS IMBALAN KERJA KARYAWAN 38. EMPLOYEE BENEFITS LIABILITIES
(lanjutan) (continued)
Imbalan pascakerja (lanjutan) Post-employment benefits (continued)
Analisa sensitivitas didasarkan pada perubahan atas The sensitivity analysis is based on a change in an
satu asumsi aktuaria dimana asumsi lainnya assumption while holding all other assumptions
dianggap konstan. Dalam praktiknya, hal ini jarang constant. In practice, this is unlikely to occur, and
terjadi dan perubahan beberapa asumsi mungkin changes in some of the assumptions may be
saling berkorelasi. Dalam perhitungan sensitivitas correlated. When calculating the sensitivity of the
liabilitas imbalan pasti atas asumsi aktuaria utama, defined benefits liabilities to key actuarial
metode yang sama (perhitungan nilai kini liabilitas assumptions, the same method (present value of
imbalan pasti dengan menggunakan metode the defined benefits liabilities calculated with the
projected unit credit di akhir periode pelaporan) telah projected unit credit method at the end of the
diterapkan seperti dalam penghitungan liabilitas reporting period) has been applied as when
imbalan pasti yang diakui dalam laporan posisi calculating the defined benefits liabilities recognised
keuangan. in the statement of financial position.
Imbalan jangka panjang lainnya Other long-term employee benefits
Perubahan liabilitas imbalan pasti yang timbul dari The movement in the defined benefits liabilities
imbalan kerja jangka panjang lainnya selama tahun arising from other long-term employee benefits
berjalan adalah sebagai berikut: during the year was as follows:
2024 2023
Nilai kini liabilitas imbalan pasti, awal Present value of the defined
tahun 13,716) 12,992) benefits liabilities, beginning of year
Termasuk dalam laba rugi Included in profit or loss
Beban jasa kini 1,930) 1,794) Current service cost
Beban bunga 871) 878) Interest expense
Pengukuran kembali: Remeasurement:
- Penyesuaian asumsi keuangan (130) 246) Changes in financial assumptions -
- Penyesuaian pengalaman (541) (818) Experience adjustment -
Imbalan yang dibayar (2,194) (1,376) Benefit paid
Nilai kini liabilitas imbalan pasti, akhir Present value of defined
13,652) 13,716)
tahun benefits liabilities, end of year
Analisis jatuh tempo yang diharapkan dari imbalan Expected maturity analysis of undiscounted other
jangka panjang lainnya tidak didiskontokan adalah long term employee benefits are as follows:
sebagai berikut:
2024 2023
< 1 tahun 2,002) 1,999) < 1 year
> 1 - 2 tahun 1,860) 2,076) > 1 - 2 years
> 2 - 5 tahun 6,337) 6,411) > 2 - 5 years
> 5 tahun 37,716) 39,701) > 5 years
PT Bank BTPN Syariah Tbk
72
585
Page 587
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
38. LIABILITAS IMBALAN KERJA KARYAWAN 38. EMPLOYEE BENEFITS LIABILITIES
(lanjutan) (continued)
Imbalan jangka panjang lainnya (lanjutan) Other long-term employee benefits (continued)
Sensitivitas dari kewajiban imbalan jangka panjang The sensitivity of the other long term employee
lainnya terhadap perubahan asumsi aktuaria utama benefit obligation to changes in the principal
adalah sebagai berikut: actuarial assumptions is as follows:
2024
Dampak program imbalan jangka panjang lainnya/
Impact on other long term employee benefits plan
Kenaikan (penurunan) nilai
kini kewajiban imbalan kerja/
Perubahan asumsi/ Increase (decrease) in present
Change in assumption value of benefit obligation
Kenaikan/Increase 1% (776)
Tingkat diskonto Penurunan/Decrease 1% 868) Discount rate
Kenaikan/Increase 1% 785)
Tingkat kenaikan gaji Penurunan/Decrease 1% (717) Salary increase rate
2023
Dampak program imbalan jangka panjang lainnya/
Impact on other long term employee benefits plan
Kenaikan (penurunan) nilai
kini kewajiban imbalan kerja/
Perubahan asumsi/ Increase (decrease) in present
Change in assumption value of benefit obligation
Kenaikan/Increase 1% (790)
Tingkat diskonto Penurunan/Decrease 1% 886) Discount rate
Kenaikan/Increase 1% 789)
Tingkat kenaikan gaji Penurunan/Decrease 1% (719) Salary increase rate
Pada 31 Desember 2024 dan 2023, Imbalan Pasca As of 31 December 2024 and 2023, Post-
Kerja untuk Karyawan dengan Perjanjian Kerja Employment Benefits for Employees with Fixed
Waktu Tertentu (PKWT) dihitung secara internal Time Employment Agreements (PKWT) are
dengan metode historical stay rate dan sudah diakui calculated internally using the historical stay rate
oleh Bank masing-masing sebesar Rp 22.685 dan method and has been recognized by the Bank
Rp 11.556. amounted to Rp 22,685 and Rp 11,556,
respectively.
39. TRANSAKSI DENGAN PIHAK BERELASI 39. RELATED PARTY TRANSACTIONS
Dalam kegiatan usahanya, Bank mengadakan In the normal course of business, the Bank engages
transaksi dengan pihak-pihak berelasi, terutama in transactions with related parties, primarily
meliputi transaksi-transaksi keuangan. consisting of financial transactions.
Di bawah ini adalah ikhtisar pihak-pihak berelasi The following is a summary of related parties who
yang bertransaksi dengan Bank, termasuk sifat have transactions with the Bank, and includes the
hubungan dan sifat transaksinya: nature of the relationship and transaction:
PT Bank BTPN Syariah Tbk
73
586
Page 588
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
39. TRANSAKSI DENGAN PIHAK BERELASI 39. RELATED PARTY TRANSACTIONS
(lanjutan) (continued)
a. Jenis hubungan dan unsur transaksi berelasi a. Type of relationships and related parties
transactions
Pihak berelasi/ Jenis hubungan/ Unsur transaksi pihak berelasi/
Related parties Nature of relationships Related parties transactions
PT Bank SMBC Indonesia Tbk Induk perusahaan/ Giro pada bank-bank lain, surat berharga
(”SMBCI”) Parent company yang diterbitkan/ Current accounts with
other banks, securities issued.
Direktur, Komisaris dan pejabat Personil manajemen kunci/ Tabungan wadiah, tabungan mudharabah,
eksekutif/Directors, Commissioners Key management personnel deposito mudharabah, gaji pokok,
and executive employees honorarium, bonus, tantiem, tunjangan
lainnya dan imbalan pascakerja, imbalan
jangka panjang lainnya/ Wadiah saving
deposits, Mudharabah saving deposits,
mudharabah time deposits, basic salary,
honorarium, bonus, tantiem, other
allowances and post-employment benefits,
other long-term employee benefits.
Personil manajemen kunci adalah orang-orang Key management personnel are those people
yang mempunyai kewenangan dan tanggung jawab who have the authority and responsibility to plan,
untuk merencanakan, memimpin dan lead and control activities of the Bank, directly or
mengendalikan aktivitas Bank, secara langsung indirectly. Key management personnel are the
atau tidak langsung, termasuk Direktur dan Directors and Commissioners and executive
Komisaris dan pejabat eksekutif dari Bank sesuai employees of the Bank according to Bank
dengan peraturan Bank Indonesia. Indonesia regulation.
Saldo dan rincian transaksi dengan pihak berelasi The outstanding balances and detail transactions
adalah sebagai berikut: with related parties were as follows:
2024 2023
Aset Assets
Giro pada bank-bank lain (Catatan 7) Current accounts with other banks (Note 7)
PT Bank SMBC Indonesia Tbk 1,281) 3,464) PT Bank SMBC Indonesia Tbk
0.01% 0.02%
Persentase terhadap jumlah aset Percentage to total assets
Liabilitas Liabilities
Simpanan nasabah (Catatan 18) Deposits from customers (Note 18)
Personil manajemen kunci 615) 500) Key management personnel
Surat berharga yang diterbitkan (Catatan 20) Securities issued (Note 20)
PT Bank SMBC Indonesia Tbk 200,000) -) PT Bank SMBC Indonesia Tbk
Jumlah liabilitas dari pihak-pihak berelasi 200,615) 500) Total liabilities from related parties
Persentase terhadap jumlah liabilitas 7.08% 0.02%
Percentage to total liabilities
Dana syirkah temporer Temporary syirkah funds
Tabungan mudharabah (Catatan 23) Mudharabah saving deposits (Note 23)
Personil manajemen kunci 4,295) 2,064) Key management personnel
Deposito mudharabah (Catatan 24) Mudharabah time deposits (Note 24)
Personil manajemen kunci 28,937) 32,934) Key management personnel
Jumlah dana syirkah temporer dari Total temporary syirkah funds from
pihak-pihak berelasi 33,232) 34,998) related parties
Persentase terhadap jumlah dana Percentage to total temporary
0.35% 0.35%
syirkah temporer syirkah funds
PT Bank BTPN Syariah Tbk
Hak pihak ketiga atas bagi hasil Third parties’ share on returns of
dana syirkah temporer temporary syirkah funds
Tabungan 91) 37) Saving accounts
Deposito berjangka 1,787) 1,933) Time deposits
Jumlah hak pihak ketiga atas bagi hasil Total third parties’ share on returns of
dana syirkah temporer 1,878) 1,970) temporary syirkah funds
Persentase terhadap jumlah hak Percentage to third parties’
pihak ketiga atas bagi hasil dana shares on temporary syirkah
0.37% 0.40%
syirkah temporer funds
74
587
Page 589
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
39. TRANSAKSI DENGAN PIHAK BERELASI 39. RELATED PARTY TRANSACTIONS
(lanjutan) (continued)
b. Transaksi dengan pihak berelasi b. Related party transactions
Kompensasi yang dibayar atau terutang pada The compensation paid or payable to key
manajemen kunci atas jasa kepegawaian adalah management for employee services was as
sebagai berikut: follows:
2024
Personil manajemen
kunci lainnya/
Other key
Direksi/ Dewan Komisaris/ management
Board of Directors Board of Commissioners personnel
%*) Rp %*) Rp %*) Rp
Gaji dan imbalan karyawan Salaries and other short-
jangka pendek lainnya 5.25% 76,930) 1.27% 18,644) 5.12% 74,982 term employee benefits
Kewajiban imbalan pascakerja Net post-employment
bersih -) -) -) -) 0.54% 7,942 benefits liabilities
Imbalan jangka panjang lainnya -) -) -) -) 0.04% 597 Other long-term benefits
5.25% 76,930) 1.27% 18,644) 5.70% 83,521
Jumlah Total
2023
Personil manajemen
kunci lainnya/
Other key
Direksi/ Dewan Komisaris/ management
Board of Directors Board of Commissioners personnel
% *)
Rp %*) Rp %*) Rp
Gaji dan imbalan karyawan Salaries and other short-
jangka pendek lainnya 6.08% 82,823) 2.75% 37,410) 4.91% 66,954) term employee benefits
Kewajiban imbalan pascakerja Net post-employment
bersih -) -) -) -) 0.28% 3,769) benefits liabilities
Imbalan jangka panjang lainnya -) -) -) -) 0.04% 562) Other long-term benefits
6.08% 82,823) 2.75% 37,410) 5.23% 71,285)
Jumlah Total
*) % terhadap beban tenaga kerja % to total personnel expenses *)
40. ANALISIS JATUH TEMPO 40. MATURITY ANALYSIS
Jatuh tempo aset dan liabilitas pada tanggal The maturity of assets and liabilities as of
31 Desember 2024 dan 2023 berdasarkan umur yang 31 December 2024 and 2023 based on the remaining
tersisa sampai dengan tanggal jatuh tempo adalah period to maturity date are as follows:
sebagai berikut:
2024
Lebih dari 1 Lebih dari
bulan hingga 3 bulan
3 bulan/ hingga Lebih dari
Tidak ada Hingga 1 More than 1 1 tahun/ More 1 tahun/
jatuh tempo/ bulan/ month up to than 3 months More than Jumlah/
No maturity Up to 1 month 3 months up to 1 year 1 year Total
Aset Assets
Kas 592,911) -) -) -) -) 592,911) Cash
Giro dan penempatan pada Current accounts and placements
Bank Indonesia 669,329) 1,000,000) -) -) -) 1,669,329) with Bank Indonesia
Giro pada bank-bank lain 4,956) -) -) -) -) 4,956) Current accounts with other banks
Penempatan pada bank-
bank lain -) 186,000) 61,000) -) -) 247,000) Placements with other banks
Investasi pada surat Investments in marketable
berharga -) 1,374,422) 864,322) 3,497,989) 3,312,558) 9,049,291) securities
Piutang murabahah -) 282,613) 505,769) 6,955,310) 1,999,583) 9,743,275) Murabahah receivables
Pinjaman qardh -) 8) -) -) 56) 64) Funds of qardh
Pembiayaan musyarakah -) 200,238) 100,120) 230,209) -) 530,567) Musyarakah financing
Beban dibayar dimuka 41,930) -) -) -) -) 41,930) Prepayment
PT Bank BTPN Syariah Tbk
Aset tetap 335,055) -) -) -) -) 335,055) Fixed assets
Aset takberwujud 212,953) -) -) -) -) 212,953) Intangible assets
Aset pajak tangguhan 226,709) -) -) -) -) 226,709) Deferred tax assets
Aset lain-lain 7,948) 1,142) 109) 25) 8,590) 17,814) Other assets
Jumlah aset 2,091,791) 3,044,423) 1,531,320) 10,683,533) 5,320,787) 22,671,854) Total assets
Cadangan kerugian Allowance for impairment
penurunan nilai (924,274) losses
Jumlah aset, setelah
cadangan kerugian Total assets, net of
21,747,580)
penurunan nilai allowance for impairment losses
75
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
40. ANALISIS JATUH TEMPO (lanjutan) 40. MATURITY ANALYSIS (continued)
2024
Lebih dari 1
bulan hingga Lebih dari
Hingga 1 3 bulan/ 3 bulan hingga Lebih dari
Tidak ada bulan/ More than 1 1 tahun/ More 1 tahun/
jatuh tempo/ Up to 1 month up to than 3 months More than Jumlah/
No maturity month 3 months up to 1 year 1 year Total
Liabilitas Liabilities
Liabilitas segera -) 4,350) 18,613) -) -) 22,963) Liabilities due immediately
Bagi hasil yang belum Undistrubuted revenue
dibagikan -) 14,762) 3,472) 591) -) 18,825) sharing
Simpanan nasabah 2,125,081) -) -) -) -) 2,125,081) Deposits from customers
Utang pajak -) 22,110) -) 8,443) -) 30,553) Taxes payable
Surat berharga yang
diterbitkan -) 200,000) -) -) -) 200,000) Securities issued
Liabilitas sewa -) -) 174) 5,791) 19,333) 25,298) Lease liabilities
Liabilitas lain-lain 51,640) 37,223) -) -) -) 88,863) Other liabilities
Akrual 70,921) -) -) -) -) 70,921) Accruals
Liabilitas imbalan kerja Employee benefits
karyawan 76,647) -) -) 172,483) -) 249,130) liabilities
Jumlah liabilitas 2,324,289) 278,445) 22,259) 187,308) 19,333) 2,831,634) Total liabilities
Dana syirkah temporer Temporary syirkah funds
Tabungan mudharabah 976,622) -) -) -) -) 976,622) Mudharabah saving deposits
Deposito mudharabah -) 7,325,763) 1,127,204) 169,740) 23) 8,622,730) Mudharabah time deposits
Jumlah dana syirkah Total temporary syirkah
temporer 976,622) 7,325,763) 1,127,204) 169,740) 23) 9,599,352) funds
Aset (liabilitas)-bersih,
sebelum cadangan Assets (liabilities)-net,
kerugian penurunan before allowance for
nilai (1,209,120) (4,559,785) 381,857) 10,326,485) 5,301,431) 10,240,868) impairment losses
Aset bersih, setelah Net assets, net of
cadangan kerugian allowance for
penurunan nilai 9,316,594) impairment losses
2023
Lebih dari 1
bulan hingga Lebih dari
Hingga 1 3 bulan/ More 3 bulan hingga Lebih dari
Tidak ada bulan/ than 1 month 1 tahun/ More 1 tahun/
jatuh tempo/ Up to 1 up to 3 than 3 months More than Jumlah/
No maturity month months up to 1 year 1 year Total
Aset Assets
Kas 497,153) -) -) -) -) 497,153) Cash
Giro dan penempatan pada Current accounts and placements
Bank Indonesia 663,443) 100,000) -) -) -) 763,443) with Bank Indonesia
Giro pada bank-bank lain 7,119) -) -) -) -) 7,119) Current accounts with other banks
Penempatan pada bank-
bank lain -) 129,500) 108,500) -) -) 238,000) Placements with other banks
Investasi pada surat Investments in marketable
berharga -) 2,898,723) 591,974) 2,127,972) 3,028,087) 8,646,756) securities
Piutang murabahah -) 205,560) 654,777) 7,835,855) 2,836,360) 11,532,552) Murabahah receivables
Pinjaman qardh -) 355) 7) 38) 130) 530) Funds of qardh
Pembiayaan musyarakah -) 408) 1,593) 13,167) 4,501) 19,669) Musyarakah financing
Beban dibayar dimuka 48,012) -) -) -) -) 48,012) Prepayment
Aset tetap 376,242) -) -) -) -) 376,242) Fixed assets
Aset takberwujud 210,744) -) -) -) -) 210,744) Intangible assets
Aset pajak tangguhan 273,592) -) -) -) -) 273,592) Deferred tax assets
Aset lain-lain 24,107) 1,038) 194) 2,040) 8,091) 35,470) Other assets
Jumlah aset 2,100,412) 3,335,584) 1,357,045) 9,979,072) 5,877,169) 22,649,282) Total assets
Cadangan kerugian Allowance for impairment
penurunan nilai (1,213,916) losses
Jumlah aset, setelah Total assets, net of
cadangan kerugian allowance for impairment
21,435,366)
penurunan nilai losses
PT Bank BTPN Syariah Tbk
76
589
Page 591
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
40. ANALISIS JATUH TEMPO (lanjutan) 40. MATURITY ANALYSIS (continued)
2023
Lebih dari 1
bulan hingga Lebih dari
Hingga 1 3 bulan/ 3 bulan hingga Lebih dari
Tidak ada bulan/ More than 1 1 tahun/ More 1 tahun/
jatuh tempo/ Up to 1 month up to than 3 months More than Jumlah/
No maturity month 3 months up to 1 year 1 year Total
Liabilitas Liabilities
Liabilitas segera -) 6,879) 22,466) -) -) 29,345) Liabilities due immediately
Bagi hasil yang belum Undistrubuted revenue
dibagikan -) 17,019) 4,288) 644) -) 21,951) sharing
Simpanan nasabah 2,221,997) -) -) -) -) 2,221,997) Deposits from customers
Utang pajak -) 45,435) -) 5,466) -) 50,901) Taxes payable
Liabilitas sewa -) 730) 78) 1,310) 51,674) 53,792) Lease liabilities
Liabilitas lain-lain 34,628) 27,941) -) -) -) 62,569) Other liabilities
Akrual 67,568) -) -) -) -) 67,568) Accruals
Liabilitas imbalan kerja Employee benefits
karyawan 50,082) 32,777) -) 146,431) -) 229,290) liabilities
Jumlah liabilitas 2,374,275) 130,781) 26,832) 153,851) 51,674) 2,737,413) Total liabilities
Dana syirkah temporer Temporary syirkah funds
Tabungan mudharabah 889,954) -) -) -) -) 889,954) Mudharabah saving deposits
Deposito mudharabah -) 7,329,602) 1,467,881) 233,383) -) 9,030,866) Mudharabah time deposits
Jumlah dana syirkah Total temporary syirkah
temporer 889,954) 7,329,602) 1,467,881) 233,383) -) 9,920,820) funds
Aset (liabilitas)-bersih,
sebelum cadangan Assets (liabilities)-net,
kerugian penurunan before allowance for
nilai (1,163,817) (4,124,799) (137,668) 9,591,838 5,825,495 9,991,049) impairment losses
Aset bersih, setelah Net assets, net of
cadangan kerugian allowance for
penurunan nilai 8,777,133) impairment losses
41. SEGMEN OPERASI 41. OPERATING SEGMENT
Pembuat keputusan operasional adalah Direksi. The chief operating decision-maker is the Board of
Direksi melakukan penelaahan terhadap laporan Directors. The Board reviews the Bank’s internal
internal Bank untuk menilai kinerjanya dan reporting in order to assess its performance and
mengalokasikan sumber daya. Berdasarkan laporan allocate resources. Based on that related report, the
internal tersebut, manajemen menentukan operasi Bank determined its operating segment. The Bank
segmennya. Bank mengoperasikan dan mengelola operates their business in one segment which is
bisnisnya dalam satu segmen, yaitu pemberian financing using murabahah contract for productiv e
pembiayaan dengan akad murabahah untuk poor community. The Bank’s segment information
masyarakat prasejahtera produktif. Informasi based on geographical area are as follows:
segmen Bank berdasarkan wilayah geografis
adalah sebagai berikut:
PT Bank BTPN Syariah Tbk
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
41. SEGMEN OPERASI (lanjutan) 41. OPERATING SEGMENT (continued)
2024
Bali & Nusa Kalimantan & Jumlah/
Jawa Tenggara Sumatera Sulawesi Total
Laporan Laba Rugi dan Consolidated Statements of Profit
Penghasilan Komprehensif or Loss and Other Comprehensive
Lain Konsolidasian Income
Pendapatan pengelolaan dana Income from fund management
oleh Bank sebagai mudharib by the Bank as mudharib
Pendapatan dari jual beli - Income from sales and
marjin murabahah 2,900,575) 224,573) 1,399,035) 292,297) 4,816,480)) purchases - murabahah margin
Pendapatan bagi hasil - Revenue from profit
pembiayaan musyarakah 13,330) -) -) -) 13,330) sharing - musyarakah financing
Pendapatan usaha utama lainnya 568,567) -) -) -) 568,567) Other main operating income
3,482,472) 224,573) 1,399,035) 292,297) 5,398,377)
Hak pihak ketiga atas bagi hasil Third parties' shares on
dana syirkah temporer (454,539) (7,379) (31,669) (10,517) (504,104) return of temporary syirkah funds
Hak bagi hasil milik Bank 3,027,933) 217,194) 1,367,366) 281,780) 4,894,273) Bank’s share in profit sharing
Pendapatan operasional lainnya 31,734) 3,061) 5,675) 3,255) 43,725) Other operating income
Beban tenaga kerja (1,203,158) (28,338) (178,827) (54,950) (1,465,273) Personnel expenses
General and administrative
Beban umum dan administrasi (565,896) (14,148) (83,684) (31,312) (695,040) expenses
Pembentukan cadangan kerugian Provision for allowance
penurunan nilai aset produktif for impairment losses on earning
dan non-produktif (970,356) (49,374) (271,419) (68,617) (1,359,766) and non-earning assets
Beban operasional lainnya (60,860) (506) (4,433) (1,465) (67,264) Other operating expenses
(2,800,270) (92,366) (538,363) (156,344) (3,587,343)
Pendapatan operasional bersih 259,397) 127,889) 834,678) 128,691) 1,350,655) Net operating income
Pendapatan (beban) non- Non-operating income
operasional - bersih 2,795) (58) (139) (57) 2,541) (expenses) - net
Laba sebelum pajak
penghasilan 262,192) 127,831) 834,539) 128,634) 1,353,196) Income before income tax
2024
Bali & Nusa Kalimantan & Jumlah/
Jawa Tenggara Sumatera Sulawesi Total
Laporan Posisi Keuangan Consolidated Statements of
Konsolidasian Financial Position
Aset Assets
Kas 313,625) 29,889) 190,820) 58,577) 592,911) Cash
Giro dan penempatan pada Bank Current accounts and placements
Indonesia 1,669,329) -) -) -) 1,669,329) with Bank Indonesia
Giro pada bank-bank lain 4,956) -) -) -) 4,956) Current accounts with other banks
Penempatan pada bank-bank lain 247,000) -) -) -) 247,000) Placements with other banks
Investasi pada surat berharga - Investments in marketable
bersih 9,049,291) -) -) -) 9,049,291) Securities - net
Piutang murabahah - bersih 5,198,030) 410,510) 2,655,339) 555,176) 8,819,055) Murabahah receivables - net
Pembiayaan musyarakah - bersih 530,515) -) -) -) 530,515) Musyarakah financing - net
Lainnya 764,357) 8,916) 39,680) 21,570) 834,523) Others
Jumlah aset 17,777,103) 449,315) 2,885,839) 635,323) 21,747,580) Total assets
Liabilitas Liabilities
Simpanan nasabah 1,288,450) 86,640) 612,300) 137,691) 2,125,081) Deposits from customers
Lainnya 668,764) 2,609) 30,306) 4,874) 706,553) Others
Jumlah liabilitas 1,957,214) 89,249) 642,606) 142,565) 2,831,634) Total liabilities
Dana syirkah temporer Temporary syirkah funds
PT Bank BTPN Syariah Tbk
Tabungan mudharabah 843,766) 8,148) 99,803) 24,905) 976,622) Mudharabah saving deposits
Deposito mudharabah 7,916,795) 72,207) 471,750) 161,978) 8,622,730) Mudharabah time deposits
Jumlah dana syirkah temporer 8,760,561) 80,355) 571,553) 186,883) 9,599,352) Total temporary syirkah funds
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
41. SEGMEN OPERASI (lanjutan) 41. OPERATING SEGMENT (continued)
2023
Bali & Nusa Kalimantan & Jumlah/
Jawa Tenggara Sumatera Sulawesi Total
Laporan Laba Rugi dan Statements of Profit or
Penghasilan Komprehensif Loss and Other Comprehensive
Lain Income
Pendapatan pengelolaan dana Income from fund management
oleh Bank sebagai mudharib by the Bank as mudharib
Pendapatan dari jual beli - marjin Income from sales and
murabahah 3,388,411) 221,898) 1,401,215) 287,898) 5,299,422) purchases - murabahah margin
Pendapatan dari piutang lainnya 182) -) -) -) 182) Income from other receivables
Pendapatan bagi hasil - Revenue from profit
pembiayaan musyarakah 4,727) -) -) -) 4,727) sharing - musyarakah financing
Pendapatan usaha utama lainnya 441,851) -) -) -) 441,851) Other main operating income
3,835,171) 221,898) 1,401,215) 287,898) 5,746,182)
Hak pihak ketiga atas bagi hasil Third parties' shares on
dana syirkah temporer (429,170) (7,465) (37,129) (12,669) (486,433) return of temporary syirkah funds
Hak bagi hasil milik Bank 3,406,001) 214,433) 1,364,086) 275,229) 5,259,749) Bank’s share in profit sharing
Pendapatan operasional lainnya 47,684) 3,461) 7,186) 2,618) 60,949) Other operating income
Beban tenaga kerja (1,122,709) (24,996) (167,337) (47,363) (1,362,405) Personnel expenses
General and administrative
Beban umum dan administrasi (523,078) (13,379) (79,034) (27,481) (642,972) expenses
Pembentukan cadangan kerugian Provision for allowance
penurunan nilai aset produktif for impairment losses on earning and
dan non-produktif (1,589,889) (53,836) (177,993) (76,399) (1,898,117) non-earning assets
Beban operasional lainnya (35,023) (196) (2,218) (698) (38,135) Other operating expenses
(3,270,699) (92,407) (426,582) (151,941) (3,941,629)
Pendapatan operasional bersih 182,986) 125,487) 944,690) 125,906) 1,379,069) Net operating income
Pendapatan (beban) non- Non-operating income
operasional - bersih (23) 200) 253) 395) 825) (expenses) - net
Laba sebelum pajak
penghasilan 182,963) 125,687) 944,943) 126,301) 1,379,894) Income before tax
2023
Bali & Nusa Kalimantan & Jumlah/
Jawa Tenggara Sumatera Sulawesi Total
Laporan Posisi Keuangan Statements of Financial Position
Aset Assets
Kas 266,255) 24,088) 159,147) 47,663) 497,153) Cash
Giro dan penempatan pada Bank Current accounts and placements
Indonesia 763,443) -) -) -) 763,443) with Bank Indonesia
Giro pada bank-bank lain 7,119) -) -) -) 7,119) Current accounts with other banks
Penempatan pada bank-bank lain 238,000) -) -) -) 238,000) Placements with other banks
Investasi pada surat berharga - Investments in marketable
bersih 8,646,756) -) -) -) 8,646,756) Securities - net
Piutang murabahah - bersih 6,443,416) 454,684) 2,832,317) 588,593) 10,319,010) Murabahah receivables - net
Pembiayaan musyarakah - bersih 19,472) -) -) -) 19,472) Musyarakah financing - net
Lainnya 873,851) 8,994) 44,497) 17,071) 944,413) Others
Jumlah aset 17,258,312) 487,766) 3,035,961) 653,327) 21,435,366) Total assets
Liabilitas Liabilities
Simpanan nasabah 1,421,001) 87,806) 586,071) 127,119) 2,221,997) Deposits from customers
Lainnya 497,266) 1,820) 13,592) 2,738) 515,416) Others
Jumlah liabilitas 1,918,267) 89,626) 599,663) 129,857) 2,737,413) Total liabilities
Dana syirkah temporer Temporary syirkah funds
Tabungan mudharabah 772,640) 4,826) 88,182) 24,306) 889,954) Mudharabah saving deposits
PT Bank BTPN Syariah Tbk
Deposito mudharabah 8,125,754) 158,201) 580,983) 165,928) 9,030,866) Mudharabah time deposits
Jumlah dana syirkah temporer 8,898,394) 163,027) 669,165) 190,234) 9,920,820) Total temporary syirkah funds
79
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
42. ASET KEUANGAN DAN LIABILITAS 42. FINANCIAL ASSETS AND FINANCIAL
KEUANGAN LIABILITIES
Nilai wajar instrumen keuangan Fair values of financial instruments
Nilai wajar aset keuangan dan liabilitas keuangan yang The fair values of financial assets and financial liabilities
diperdagangkan di pasar aktif didasarkan pada that are traded in active markets are based on quoted
kuotasian harga pasar atau harga dealer. Untuk semua market prices or dealer price quotations. For all other
instrumen keuangan lainnya, Bank menentukan nilai financial instruments, the Bank determines fair values
wajar dengan menggunakan teknik penilaian lainnya. using other valuation techniques.
Untuk instrumen keuangan yang jarang For financial instruments that trade infrequently and
diperdagangkan dan sedikit memiliki transparansi have little price transparency, fair values is less
harga, nilai wajar menjadi kurang obyektif, dan objective, and requires varying degrees of judgment
membutuhkan berbagai tingkat pertimbangan depending on liquidity, concentration, uncertainty of
tergantung pada likuiditas, konsentrasi, ketidakpastian market factors, pricing assumptions and other risks
faktor pasar, asumsi harga dan risiko lainnya yang affecting the specific instrument.
mempengaruhi instrumen tertentu.
Model Penilaian Valuation Models
Bank mengukur nilai wajar dengan menggunakan The Bank measures fair values using the following
hirarki dari metode berikut: hierarchy of methods:
• Level 1: input yang berasal dari harga kuotasian • Level 1: inputs that are quoted prices (unadjusted)
(tanpa penyesuaian) di pasar aktif untuk instrumen in active markets for identical instruments that the
yang identik yang dapat diakses Bank pada tanggal Bank can access at the measurement date.
pengukuran.
• Level 2: input selain harga kuotasian yang termasuk • Level 2: inputs other than quoted prices included
dalam level 1 yang dapat diobservasi, baik secara within level 1 that are observable either directly or
langsung atau tidak langsung. Dalam kategori ini indirectly. This category includes instruments
termasuk instrumen yang dinilai dengan valued using: quoted market prices in active
menggunakan: harga kuotasian untuk instrumen markets for similar instruments; quoted prices for
yang serupa di pasar aktif; harga kuotasian untuk identical or similar instruments in markets that are
instrumen yang identik atau yang serupa di pasar not active; or other valuation techniques in which al
yang tidak aktif; atau teknik penilaian lainnya significant inputs are directly or indirectly
dimana seluruh input signifikan dapat diobservasi observable from market data.
secara langsung maupun tidak langsung dari data
pasar.
• Level 3: input yang tidak dapat diobservasi. Dalam • Level 3: inputs that are unobservable. This
kategori ini termasuk semua instrumen dimana category includes all instruments for which the
teknik penilaian menggunakan input yang tidak valuation technique includes inputs not based on
dapat diobservasi dan input yang tidak dapat observable data and the unobservable inputs have
diobservasi ini memberikan dampak signifikan a significant effect on the instrument’s valuation.
terhadap penilaian instrumen. Termasuk dalam This category includes instruments that are valued
kategori ini adalah instrumen yang dinilai based on quoted prices for similar instruments for
berdasarkan harga kuotasian untuk instrumen which significant unobservable adjustments or
serupa yang memerlukan penyesuaian atau asumsi assumptions are required to reflect differences
signifikan yang tidak dapat diobservasi untuk between the instruments.
mencerminkan perbedaan diantara instrumen
tersebut.
Nilai wajar instrumen keuangan Fair values of financial instruments
Teknik penilaian mencakup model nilai kini bersih dan Valuation techniques include net present value and
arus kas yang didiskontokan, perbandingan dengan discounted cash flow models, comparison with similar
instrumen sejenis yang harga pasarnya tersedia, serta instruments for which market observable prices exist
PT Bank BTPN Syariah Tbk
dapat diobservasi, serta model penilaian lainnya. and other valuation models. Assumptions and inputs
Asumsi dan input yang digunakan dalam teknik used in valuation techniques include risk-free and
penilaian meliputi suku bunga bebas risiko (risk-free) benchmark interest rates and credit spreads used in
dan suku bunga acuan serta credit spreads yang estimating discount rates and marketable securities
digunakan untuk mengestimasi tingkat diskonto dan prices.
harga surat berharga.
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
42. ASET KEUANGAN DAN LIABILITAS 42. FINANCIAL ASSETS AND FINANCIAL
KEUANGAN (lanjutan) LIABILITIES (continued)
Nilai wajar instrumen keuangan (lanjutan) Fair values of financial instruments (continued)
Tujuan dari teknik penilaian adalah untuk The objective of valuation techniques is to arrive at
pengukuran nilai wajar yang mencerminkan harga a fair value measurement that reflects the price that
yang akan diterima untuk menjual aset atau harga would be received to sell the asset or paid to transfer
yang akan dibayar untuk mengalihkan suatu the liability in an orderly transaction between market
liabilitas dalam transaksi teratur (orderly participants at the measurement date.
transactions) antara pelaku pasar (market
participants) pada tanggal pengukuran.
Pertimbangan dan estimasi manajemen biasanya Management judgment and estimation are usually
memerlukan pemilihan model yang sesuai untuk required for selection of the appropriate valuation
digunakan, penentuan arus kas masa depan yang model to be used, determination of expected future
diharapkan pada instrumen keuangan yang dinilai, cash flows on the financial instrument being valued,
penentuan probabilitas kegagalan pihak lawan dan determination of the probability of counterparty
pembayaran dimuka dan pemilihan tingkat diskonto default and prepayments and selection of
yang tepat. appropriate discount rates.
Instrumen keuangan yang diukur pada nilai Financial instruments measured at fair value
wajar
Tabel di bawah ini menunjukkan instrumen The table below presents financial instruments
keuangan yang diukur pada nilai wajar pada tanggal measured at fair value as of 31 December 2024 and
31 Desember 2024 dan 2023 berdasarkan level 2023, based on the level in the fair value hierarchy:
hirarki nilai wajar:
2024
Tingkat/ Tingkat/ Tingkat/
Level 1 Level 2 Level 3
Aset keuangan Financial assets
Investasi pada surat berharga 295,430) 52,763) -) Investments in marketable securities
295,430) 52,763) -)
2023
Tingkat/ Tingkat/ Tingkat/
Level 1 Level 2 Level 3
Aset keuangan Financial assets
Investasi pada surat berharga 205,183) 80,064) -) Investments in marketable securities
205,183) 80,064) -)
Nilai wajar atas investasi pada efek ekuitas dinilai The fair value of investment in equity securities is
dengan menggunakan metode pendekatan pasar. estimated by using market approach method. Inputs
Input dalam metode penilaian termasuk transaksi to the valuation method include market transactions
pasar yang melibatkan aset dan liabilitas yang involving identical or comparable observable assets
identik atau sebanding yang dapat diobservasi. and liabilities.
PT Bank BTPN Syariah Tbk
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
42. ASET KEUANGAN DAN LIABILITAS 42. FINANCIAL ASSETS AND FINANCIAL
KEUANGAN (lanjutan) LIABILITIES (continued)
Instrumen keuangan yang tidak diukur pada nilai Financial instruments not measured at fair value
wajar
Tabel di bawah ini menunjukkan instrumen keuangan The tables below show the financial instruments not
yang tidak diukur pada nilai wajar yang dikelompokkan measured at fair value grouped according to the fair
berdasarkan hirarki nilai wajar. value hierarchy.
2024 2023
Nilai tercatat bruto/ Nilai wajar/ Nilai tercatat bruto/ Nilai wajar/
Gross carrying Fair value Gross carrying Fair value
value value
Aset keuang an Financial assets
Investasi pada surat berharga 8,701,098) 8,676,453) 8,361,509) 8,375,998) Investment in marketable securities
Piutang murabahah 9,743,275) 9,743,275) 11,532,552) 11,532,552) Murabahah receivables
Pinjaman qardh 64) 64) 530) 530) Funds of qardh
Pembiayaan musyarakah 530,567) 530,567) 19,669) 19,669) Musyarakah financing
18,975,004) 18,950,359) 19,914,260) 19,928,749)
Liabilitas keuangan Financial liabilities
Simpanan nasabah Deposit from customers
- Giro wadiah 6,792) 6,792) 24,009) 24,009) Wadiah demand deposits -
- Tabungan wadiah 2,118,289) 2,118,289) 2,197,988) 2,197,988) Wadiah saving accounts -
2,125,081) 2,125,081) 2,221,997) 2,221,997)
Nilai wajar investasi pada Sukuk, Surat Berharga The fair values of investments in Sukuk, Sovereign
Syariah Negara dan reksa dana syariah berdasarkan Sharia Securities and sharia mutual funds were based
harga kuotasian pasar. on quoted market price.
Nilai wajar dari SIMA diestimasi dengan Fair value of SIMA is estimated using valuation models,
menggunakan model penilaian, seperti teknik such as discounted cash flow techniques. Inputs into
diskonto arus kas. Input dalam teknik penilaian the valuation techniques include expected future cash
termasuk arus kas yang akan diterima di masa depan. flow.
Nilai tercatat dari pembiayaan syariah merupakan Carrying value of sharia financing approximates the
perkiraan yang layak atas nilai wajar dikarenakan estimates fair value since sharia financing have short-
pinjaman tersebut memiliki tenor jangka pendek. term tenure.
Nilai wajar dari simpanan nasabah tanpa jatuh tempo The fair value of deposit from customers with no stated
adalah jumlah yang terutang pada saat penarikan. maturity is the amount repayable on demand.
Sebagian besar dari instrumen keuangan yang tidak Majority of the financial instruments not measured at
diukur pada nilai wajar, diukur pada harga perolehan. fair value are measured at amortized cost. The
Tabel di bawah ini menyajikan daftar instrumen following table lists those financial instruments for
keuangan yang nilai tercatatnya mendekati nilai which their carrying amount are reasonable
wajarnya, contohnya, instrumen keuangan jangka approximation of fair value, for example, financial
pendek atau yang ditinjau ulang menggunakan harga instrument short term in nature or re-price to current
pasar secara berkala. market rates frequently.
Aset Keuangan: Financial Assets:
- Kas - Cash
- Giro dan penempatan pada Bank Indonesia - Current accounts and placements with Bank
Indonesia
- Giro pada bank-bank lain - Current accounts with other banks
- Penempatan pada bank-bank lain - Placements with other banks
- Aset lain-lain - Other assets
PT Bank BTPN Syariah Tbk
Liabilitas Keuangan: Financial Liabilities:
- Liabilitas segera - Liabilities due immediately
- Bagi hasil yang belum dihasilkan - Undistributed revenue sharing
- Akrual - Accrual
- Surat berharga yang diterbitkan - Securities issued
- Liabilitas sewa - Lease liabilities
- Liabilitas lain-lain - Other liabilities
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
42. ASET KEUANGAN DAN LIABILITAS 42. FINANCIAL ASSETS AND FINANCIAL
KEUANGAN (lanjutan) LIABILITIES (continued)
Instrumen keuangan yang tidak diukur pada Financial instruments not measured at fair value
nilai wajar (lanjutan) (continued)
Perhitungan nilai wajar dilakukan hanya untuk The fair values calculated are for disclosure
kepentingan pengungkapan dan tidak berdampak purposes only and do not have any impact on the
pada pelaporan posisi atau kinerja keuangan Bank. Bank’s reported financial performance or position.
Nilai wajar yang dihitung oleh Bank mungkin The fair values calculated by the Bank may be
berbeda dengan jumlah aktual yang akan different from the actual amount that will be
diterima/dibayar pada saat penyelesaian atau jatuh received/paid on the settlement or maturity of the
tempo instrumen keuangan. Mengingat kategori financial instrument. As certain categories of
tertentu instrumen keuangan yang tidak financial instruments are not traded, there is
diperdagangkan, maka terdapat pertimbangan management judgement involved in calculating the
manajemen dalam perhitungan nilai wajar. fair values.
43. MANAJEMEN RISIKO 43. RISK MANAGEMENT
Kerangka manajemen risiko Risk management framework
Penerapan manajemen risiko mencakup: Implementation of risk management includes:
• Pengawasan aktif Dewan Komisaris, Direksi • Active supervision from Board of
dan Dewan Pengawas Syariah Commissioners, Board of Directors and Sharia
Supervisory Board
• Kecukupan kebijakan, prosedur dan penetapan • Adequacy of policy, procedure and risk appettite
limit risiko
• Kecukupan proses identifikasi, pengukuran, • Adequate process of risk identification,
pemantauan dan pengendalian risiko serta measurement, monitoring and control, and
manajemen risiko sistem informasi information system risk management
• Pengendalian internal yang menyeluruh • Comprehensive internal controls
Organisasi manajemen risiko Bank melibatkan The Bank’s risk management organisation involves
pengawasan dari Dewan Komisaris dan Direksi. the oversight from the Board of Commissioners and
Bank telah membentuk Komite Pemantauan Risiko Board of Directors. The Bank has established Risk
sebagai pengawas tertinggi di tingkat komisaris. Monitoring Committee as the highest risk authority
Di tingkat direksi telah dibentuk Komite Manajemen in the commissioner level. At the director level, Risk
Risiko yang merupakan bagian yang sangat Management Committee has been established
penting dalam pengendalian risiko, yang which constitutes a crucial element in risk control, to
memantau seluruh risiko yang terdapat pada monitor all of the risks in the Bank’s operating
kegiatan operasional Bank. activities.
Komite Audit memiliki tanggung jawab untuk Audit Committee is responsible for monitoring and
memantau dan mengevaluasi rencana audit dan evaluating the audit plan and its implementation,
pelaksanaannya, serta memastikan pelaksanaan also ensuring the execution of audit
rencana tindak lanjut dari hasil audit. Dalam recommendation. In carrying out their function, Audit
menjalankan fungsinya, Komite Audit dibantu oleh Committee is assisted by Internal Audit Division.
Satuan Kerja Internal Audit.
Risiko yang dianggap signifikan oleh Bank The Bank considers credit risk, liquidity risk, market
diantaranya adalah risiko kredit, risiko likuiditas, risk, and operational risk as significant.
risiko pasar, dan risiko operasional.
PT Bank BTPN Syariah Tbk
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. MANAJEMEN RISIKO (lanjutan) 43. RISK MANAGEMENT (continued)
Risiko kredit Credit risk
Risiko kredit adalah risiko akibat kegagalan nasabah Credit risk arises from customers’ or other parties ’
atau pihak lain dalam memenuhi kewajiban kepada failure to fulfill their obligations according to the
Bank sesuai dengan perjanjian yang disepakati. contracts with the Bank. Credit risk arises mainly
Risiko kredit terutama berasal dari from sharia financing/receivables.
pembiayaan/piutang syariah.
Tujuan pengelolaan risiko kredit Bank, selain untuk The objectives of managing the Bank’s credit risk
memenuhi persyaratan -persyaratan yang telah besides meeting the requirements set by Bank
ditetapkan oleh peraturan Bank Indonesia/OJK, Indonesia/OJK regulation, are to also manage credit
adalah juga untuk mengelola risiko kredit itu sendiri risk itself so that the possibility of losses from default
sehingga diharapkan kemungkinan kerugian dari financing facilities and other financial contracts is
tidak dibayarnya pembiayaan yang diberikan dan maintained at the minimum level, both at the
kontrak keuangan lainnya seminimal mungkin, baik individual and overall financing portfolio level.
pada tingkat individual maupun portofolio
pembiayaan secara keseluruhan.
Bank telah menyusun kebijakan dan prosedur The Bank has prepared financing policies and
pembiayaan tertulis. Kebijakan dan prosedur procedures. These policies and procedures provide
tersebut memberikan pedoman secara lengkap comprehensive and detail guidance regarding
dan terperinci atas kegiatan manajemen financing management activities from financing
pembiayaan dari saat pengajuan pembiayaan, application, analysis process, approval, monitoring,
proses analisis, persetujuan, pemantauan, documentation, control and recovery/restructuring
pendokumentasian, pen gendalian dan process. In order to support prudent financing
penyelamatan/restrukturisasi. Dalam rangka process, the Bank conducts review and
mendukung proses pemberian pembiayaan yang improvement on financing policies periodically in
lebih hati-hati, Bank melakukan penelaahan dan accordance with current business development.
penyempurnaan kebijakan pembiayaan secara
periodik sesuai deng an perkembangan bisnis
terkini.
(i) Pengelolaan risiko kredit (i) Credit risk management
Melakukan kaji ulang atas kebijakan Review of the financing policies periodically ,
pembiayaan secara periodik terutama jika especially if there are changes in market
terdapat perubahan kondisi perekonomian, conditions, regulations and/or business
perubahan peraturan dan/atau pendekatan approaches.
bisnis.
Batas pemberian pembiayaan/piutang syariah Lending limits for sharia financing/receivables
ditetapkan dan ditinjau mengikuti perubahan are set and reviewed following changes in
pada kondisi pasar dan ekonomi. Peninjauan market and economic conditions. Periodic
pembiayaan/piutang syariah secara periodik review on sharia financing/receivables and
dan penilaian atas kemungkinan wanprestasi assessments of probability of default are also
juga dilakukan. Proses persetujuan conducted. Financing approval process is
pembiayaan dilakukan sesuai dengan Batas performed based on Financing Limit Approval
Wewenang Memutus Pembiayaan oleh to Bank officials who have been assigned.
Pejabat Bank yang telah ditetapkan.
Bank juga dengan ketat memantau The Bank also closely monitors the
PT Bank BTPN Syariah Tbk
perkembangan portofolio pembiayaan development of its financing portfolios to enable
sehingga memungkinkan Bank untuk the Bank initiate a timely preventive action
melakukan tindakan pencegahan secara tepat when there is a deterioration in financing quality
waktu apabila terjadi penurunan kualitas by conducting early warning detection and
pembiayaan salah satunya dengan melakukan disciplined monitoring.
deteksi dini permasalahan dan pemantauan
yang disiplin.
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. MANAJEMEN RISIKO (lanjutan) 43. RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
(i) Pengelolaan risiko kredit (lanjutan) (i) Credit risk management (continued)
Bank terus secara aktif mengelola dan The Bank continues to actively manage and
mengawasi kualitas portofolio pembiayaan monitor the financing portfolio quality by
dengan cara meningkatkan kebijakan improving credit risk management policies
manajemen risiko kredit secara efektif dan effectively and improving procedures and
penyempurnaan prosedur dan systems development.
pengembangan sistem.
Sistem Informasi Manajemen telah tersedia Management Information System (MIS) is
dan mencakup tingkat yang cukup rinci untuk available and covers sufficient level of detail to
mendeteksi setiap perkembangan yang detect any adverse development at an early
kurang baik sedini mungkin sehingga stage, allowing for timely measures to be taken
memungkinkan dilakukannya tindakan secara to counteract any possible deterioration in
tepat waktu atas penurunan kualitas financing credit quality or to minimise credit
pembiayaan atau untuk meminimalisasi losses.
kerugian kredit.
(ii) Eksposur maksimum terhadap risiko kredit (ii) Maximum exposure to credit risk
Eksposur maksimum risiko kredit Maximum exposure to credit risk is disclosed
diungkapkan setelah cadangan kerugian net after allowance for impairment losses
penurunan nilai tanpa memperhitungkan without considering collateral held or other
agunan dan pendukung lainnya. enhancements.
Eksposur risiko kredit terhadap aset pada Credit risk exposures on asset in the
laporan posisi keuangan pada tanggal statements of financial position assets as of
31 Desember 2024 dan 2023 adalah sebagai 31 December 2024 and 2023 were as follows:
berikut:
Eksposur maksimum/
Maximum exposure
2024 2023
Giro dan penempatan pada Current accounts and placements with
Bank Indonesia 1,669,329) 763,443) Bank Indonesia
Giro pada bank-bank lain 4,956) 7,119) Current accounts with other banks
Penempatan pada bank-bank lain 247,000) 238,000) Placements with other banks
Investasi pada surat berharga - bersih 9,049,291) 8,646,756) Investments in marketable securities - net
Piutang murabahah - bersih 8,819,055) 10,319,010) Murabahah receivables - net
Pinjaman qardh - bersih 62) 353) Funds of qardh - net
Pembiayaan musyarakah - bersih 530,515) 19,472) Musyarakah financing - net
Aset lain-lain 9,740) 10,081) Other assets
20,329,948) 20,004,234)
PT Bank BTPN Syariah Tbk
85
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Page 600
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. MANAJEMEN RISIKO (lanjutan) 43. RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
(ii) Eksposur maksimum terhadap risiko kredit (ii) Maximum exposure to credit risk (continued)
(lanjutan)
Pada tanggal 31 Desember 2024 dan 2023, As of 31 December 2024 and 2023, there were
tidak ada fasilitas piutang murabahah dan no unused murabahah receivables and
pembiayaan musyarakah kepada nasabah musyarakah financing facilities granted -
yang belum ditarik - committed. Sebagai committed. As such, there were no credit risk
akibatnya, tidak terdapat risiko kredit terhadap exposures related to off-balance sheet items.
rekening administratif.
Risiko konsentrasi kredit Concentration of credit risk
Bank mengelola dan mengendalikan The Bank manages and controls
konsentrasi risiko kredit ketika risiko tersebut concentrations of credit risk when they are
teridentifikasi secara khusus, terhadap debitur identified in particular, to individual and group
individu dan kelompok. Bank menentukan of debtors. The Bank determines the levels of
tingkat risiko kredit yang dimiliki dengan credit risk by placing limits on the amount of
menetapkan batas jumlah risiko yang bisa risk accepted in relation to one debtor or group
diterima yang terkait dengan satu debitur atau of debtors.
kelompok debitur.
Tabel berikut ini menggambarkan rincian The following table breaks down the Bank’s
eksposur risiko kredit Bank pada nilai tercatat, credit risk exposure at carrying amounts, as
yang dikategorikan berdasarkan sektor industri. categorised by industry sectors.
2024
Pemerintah
dan Bank
Indonesia/ Lembaga
Government keuangan/ Jasa/ Perindustrian/
and Bank Financial Perdagangan Business Manufac Lain-lain/ Jumlah/
Indonesia institution / Trading Services turing Others Total
Giro dan penempatan Current accounts and
pada Bank placements with Bank
Indonesia 1,669,329) -) -) -) -) -) 1,669,329) Indonesia
Giro pada bank-bank Current accounts with
lain -) 4,956) -) -) -) -) 4,956) other banks
Penempatan pada Placements with other banks
bank-bank lain -) 247,000) -) -) -) -) 247,000)
Investasi pada surat Investments in
berharga - bersih 7,884,065) 1,112,463) -) -) -) 52,763) 9,049,291) marketable securities - net
Piutang murabahah - Murabahah
bersih - -) 5,465,642) 20) 897,581) 2,455,812) 8,819,055) receivables - net
Pinjaman qardh -) 6) -) -) -) 56) 62) Funds of qardh
Pembiayaan
musyarakah -) 530,515) -) -) -) -) 530,515) Musyarakah financing
Aset lain-lain -) 1,142) -) -) -) 8,598) 9,740) Other assets
9,553,394) 1,896,082) 5,465,642) 20) 897,581) 2,517,229) 20,329,948)
2023
Pemerintah
dan Bank
Indonesia/ Lembaga
Government keuangan/ Jasa/ Perindustrian
and Bank Financial Perdagangan Business / Manufac Lain-lain/ Jumlah/
Indonesia institution / Trading Services turing Others Total
Giro dan penempatan Current accounts and
pada Bank placements with Bank
Indonesia 763,443) -) -) -) -) -) 763,443) Indonesia
Giro pada bank-bank Current accounts with
lain -) 7,119) -) -) -) -) 7,119) other banks
PT Bank BTPN Syariah Tbk
Penempatan pada Placements with other banks
bank-bank lain -) 238,000) -) -) -) -) 238,000)
Investasi pada surat Investments in
berharga - bersih 7,532,519) 1,034,173) -) -) -) 80,064) 8,646,756) marketable securities - net
Piutang murabahah - Murabahah
bersih - -) 6,886,583) 171) 880,303) 2,551,953) 10,319,010) receivables - net
Pinjaman qardh -) 189) -) -) -) 164) 353) Funds of qardh
Pembiayaan
musyarakah -) 19,472) -) -) -) -) 19,472) Musyarakah financing
Aset lain-lain -) 1,243) -) -) -) 8,838) 10,081) Other assets
8,295,962) 1,300,196) 6,886,583) 171) 880,303) 2,641,019) 20,004,234)
86
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. MANAJEMEN RISIKO (lanjutan) 43. RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
(ii) Eksposur maksimum terhadap risiko kredit (ii) Maximum exposure to credit risk (continued)
(lanjutan)
Piutang murabahah dari sektor ”Perdagangan” Murabahah receivables from “Trading” sector is
merupakan konsentrasi penyaluran the largest concentration of the Bank’s financing
pembiayaan terbesar Bank berdasarkan sektor based on industry sector.
industri.
(iii) Analisis risiko kredit (iii) Credit Risk Analysis
Tabel berikut ini menyajikan aset Bank yang The following table presents the Bank’s
memiliki penurunan nilai, yang telah jatuh impaired, past due but not impaired, and neither
tempo tetapi tidak mengalami penurunan nilai, past due nor impaired assets.
serta yang belum jatuh tempo atau tidak
mengalami penurunan nilai.
2024
Belum jatuh tempo atau tidak
mengalami penurunan Telah jatuh tempo tetapi tidak
nilai/Neither past due nor mengalami penurunan nilai/Past
impaired due but not impaired
Pernah
mengalami
keterlambatan
pembayaran/ Mengalami
Has an 1-30 31-60 61-90 penurunan
Lancar/ overdue hari/ hari/ hari/ nilai/ Jumlah/
Current experience days days days Impaired Total
Giro dan penempatan Current accounts and
pada Bank placements with Bank
Indonesia 1,669,329) -) -) -) -) -) 1,669,329) Indonesia
Giro pada bank-bank Current accounts
lain 4,956) -) -) -) -) -) 4,956) with other banks
Penempatan pada
bank-bank lain 247,000) -) -) -) -) -) 247,000) Placements with other banks
Investasi pada surat Investments in
berharga - bersih 8,996,528) -) -) -) -) 52,763) 9,049,291) marketable securities - net
Piutang murabahah - Murabahah
bersih 8,733,160) 9,692) 28,933) 22,500) 21,469) 3,301) 8,819,055) receivables - net
Pinjaman qardh 56) -) -) 1) -) 5) 62) Funds of qardh
Pembiayaan
musyarakah 530,515) -) -) -) -) -) 530,515) Musyarakah financing
Aset lain-lain 9,740) -) -) -) -) -) 9,740) Other assets
Jumlah 20,191,28) 9,692) 28,933) 22,501) 21,469) 56,069) 20,329,948) Total
2023
Belum jatuh tempo atau tidak
mengalami penurunan Telah jatuh tempo tetapi tidak
nilai/Neither past due nor mengalami penurunan nilai/Past
impaired due but not impaired
Pernah
mengalami
keterlambatan
pembayaran/ Mengalami
Has an 1-30 31-60 61-90 penurunan
Lancar/ overdue hari/ hari/ hari/ nilai/ Jumlah/
Current experience days days days Impaired Total
Giro dan penempatan Current accounts and
pada Bank placements with Bank
Indonesia 763,443) -) -) -) -) -) 763,443) Indonesia
Giro pada bank-bank Current accounts
lain 7,119) -) -) -) -) -) 7,119) with other banks
Penempatan pada
Placements with other banks
bank-bank lain 238,000) -) -) -) -) -) 238,000)
Investasi pada surat Investments in
berharga - bersih 8,646,756) -) -) -) -) -) 8,646,756) marketable securities - net
Piutang murabahah - Murabahah
bersih 10,057,864) 49,108) 68,300) 52,461) 58,639) 32,638) 10,319,010) receivables - net
PT Bank BTPN Syariah Tbk
Pinjaman qardh 200) -) 15) 7) 5) 126) 353) Funds of qardh
Pembiayaan
musyarakah 19,472) -) -) -) -) -) 19,472) Musyarakah financing
Aset lain-lain 10,081) -) -) -) -) -) 10,081) Other assets
Jumlah 19,742,935) 49,108) 68,315) 52,468) 58,644) 32,764) 20,004,234) Total
87
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. MANAJEMEN RISIKO (lanjutan) 43. RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
(iii) Analisis risiko kredit (lanjutan) (iii) Credit Risk Analysis (continued)
Penjelasan pembagian kualitas pembiayaan Details for financing quality which are “neither
yang “belum jatuh tempo atau tidak mengalami past due nor impaired” are as follows:
penurunan nilai” adalah:
- Lancar - Current
Pembiayaan dalam kategori ini memiliki This category considered as very strong
kemampuan yang sangat kuat untuk repayment capacity of murabahah receivables
membayar kembali marjin dan pokok piutang principal and margin back to the Bank.
murabahah kepada Bank. Di dalam kategori Included in the current category are the
lancar termasuk juga piutang murabahah yang murabahah receivables which have been
telah direstrukturisasi dan tidak memiliki restructured and do not have past due
tunggakan setelah restrukturisasi. receivables after the restructuring.
- Pernah mengalami keterlambatan - Has an overdue experience
pembayaran
Pembiayaan dalam kategori ini adalah jumlah This financing category is the financing that
pembiayaan yang pernah menunggak dalam had overdue experience in the past one year.
satu tahun terakhir. Pembayaran ini dianggap This financing is considered to have adequate
memiliki kapasitas memadai untuk membayar capacity to pay margin and principal of the
marjin dan pokok piutangnya. Namun terdapat receivables. However, there is a concern over
pertimbangan terkait dengan kemampuan the debtor’s ability to make payments on the
nasabah dalam melakukan pembayaran pada due date.
tanggal jatuh tempo.
Risiko pasar Market risk
Risiko pasar merupakan risiko yang timbul akibat dari Market risk is the risk that changes in market prices,
perubahan harga di pasar, seperti nilai tukar dan suku such as foreign exchange rates and interest rates, wil
bunga, yang akan berdampak pada pendapatan dan affect the Bank’s income or the value of its holdings of
nilai instrumen keuangan yang dimiliki Bank. Tujuan financial instruments. The objective of market risk
dari pengelolaan risiko pasar adalah untuk mengelola management is to manage and control market risk
dan mengawasi eksposur risiko pasar dengan exposures within acceptable parameters, while
menggunakan parameter-parameter yang dapat optimising the return on risk.
diterima, dan pada saat yang sama dapat
mengoptimalkan pendapatan.
Aset keuangan dalam mata uang USD hanya dimiliki Assets that denominated in USD currencies are only
oleh Entitas Anak, sehingga secara keseluruhan Bank owned by the Subsidiary, therefore the Bank and
dan Entitas Anak tidak memiliki risiko mata uang asing Subsidiary's foreign currency risk is not material. The
yang material. Bank dan Entitas Anak juga tidak Bank and Subsidiary also does not have liabilities
memiliki liabilitas keuangan dalam mata uang asing, denominated in foreign currencies, or held for trading.
maupun pada posisi diperdagangkan.
Dilihat dari aktivitas Bank saat ini, faktor risiko pasar In current Bank’s activities, the market risk factors
yang dapat mempengaruhi nilai aset dan liabilitas which may affect the value of financial assets and
keuangan pada laporan posisi keuangan adalah liabilities in the statement of financial position is the
perubahan tingkat suku bunga pasar pada portofolio changes of market interest rate in the Bank’s portfolio.
buku Bank.
Dalam melaksanakan proses manajemen risiko pasar, In carrying out the market risk management process,
Bank melakukan identifikasi, pengukuran, pemantauan the Bank identifies, measures, monitors and controls
dan pengendalian terhadap faktor-faktor risiko pasar. the market risk factors. Policies adopted by the Bank
Kebijakan yang dijalankan Bank dalam pengendalian in managing its market interest rate risk include:
terhadap risiko suku bunga pasar mencakup:
PT Bank BTPN Syariah Tbk
a) Melakukan simulasi perhitungan pendapatan a) Perform simulation net margin income calculation
marjin bersih terhadap semua kemungkinan toward all possible market interest rate changes.
perubahan tingkat suku bunga pasar. b) Monitoring on overall Assets & Liabilities
b) Melakukan pemantauan terhadap Assets & Repricing Gap Profile in order to anticipate
Liabilities Repricing Gap Profile secara adverse movement of market interest rate.
keseluruhan dalam mengantisipasi pergerakan
tren suku bunga pasar yang dapat menyebabkan
kerugian.
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. MANAJEMEN RISIKO (lanjutan) 43. RISK MANAGEMENT (continued)
Risiko likuiditas Liquidity risk
Risiko likuiditas adalah risiko akibat Liquidity risk is the risk due to inability of the Bank to
ketidakmampuan Bank untuk memenuhi kewajiban meet maturing obligations from cash flow funding
yang jatuh tempo dari sumber pendanaan arus kas sources and/or high quality liquid assets which can
dan/atau aset likuid berkualitas tinggi yang dapat be pledged, without disturbing the activities and
diagunkan, tanpa mengganggu aktivitas dan financial condition of the Bank. This is due to a
kondisi keuangan Bank. Hal ini disebabkan adanya mismatch between the period of funding and
mismatch jangka waktu antara sumber dana dan disbursement of Bank funds.
penyaluran dana Bank.
Dalam melaksanakan proses manajemen risiko In carrying out the liquidity risk management
likuiditas, Bank melakukan identifikasi, pengukuran, process, the Bank identifies, measures, monitors,
pemantauan, dan pengendalian terhadap faktor- and controls the liquidity risk factors, among others
faktor risiko likuiditas, antara lain ketersediaan aset the availability of liquid assets, liquidity ratio, cash
likuid, rasio likuiditas, proyeksi arus kas, dan profil flow projections and maturity profile. Liquidity risk
jatuh tempo. Pengukuran atas risiko likuiditas measurement is performed for both normal and
dilakukan baik untuk kondisi normal maupun stres . stress condition.
Bank mengungkapkan aset dan liabilitas The Bank has disclosed assets and liabilities based
berdasarkan umur jatuh tempo di Catatan 40. on its maturity in Note 40.
Kebijakan yang dijalankan Bank dalam Policies adopted by the Bank in managing its
mengendalikan risiko likuiditas mencakup: liquidity risk include:
- Menetapkan kebijakan pengendalian risiko - Establishing liquidity risk control policy which is
likuiditas yang telah disesuaikan dengan misi, in line with the Bank’s mission, business
strategi bisnis, kecukupan permodalan, sumber strategy, capital adequacy, human resources
daya manusia dan risk appetite Bank. and risk appetite.
- Menetapkan kebijakan dan prosedur - Establishing liquidity risk limit policies and
penetapan limit risiko likuiditas secara tertulis, procedures which are written, complete,
lengkap, memadai, dan mudah ditelusuri. adequate and easy to follow.
- Membentuk satuan kerja pengendali risiko - Forming a liquidity risk control work unit and
likuiditas dan melaksanakan pengendalian performing consistent and independent liquidity
risiko likuiditas secara konsisten dan risk control.
independen.
- Melaksanakan fungsi ALCO (Asset & Liability - Implementing the ALCO (Asset & Liability
Committee) untuk mengatur tingkat bagi hasil Committee) function to manage profit sharing in
dalam usaha meningkatkan/menurunkan an effort to increase/decrease certain sources
sumber dana tertentu. of funds.
- Mengelola portofolio pendanaan untuk - Managing its funding portfolio to avoid
menghindari risiko konsentrasi dan concentration risk and dependence on single
ketergantungan pada sumber pendanaan source of funding. This matter is monitored by
tertentu. Hal ini dimonitor oleh ALCO dan Risk ALCO and Risk Management Committee
Management Committee (RMC) secara (RMC) on a monthly basis.
bulanan.
- Menerapkan kerangka pengukuran Risiko - Implementing Liquidity Risk Measurement
Likuiditas dengan mengacu pada Basel III Framework by referring to Basel III, consist of
yakni Rasio LCR (Liquidity Coverage Ratio) LCR (Liquidity Coverage Ratio) and NSFR (Net
dan NSFR (Net Stable Funding Ratio). Stable Funding Ratio).
PT Bank BTPN Syariah Tbk
- Menetapkan prosedur dan tim kontijensi - Establishing procedures and team for funding
pendanaan likuiditas, sebagai bagian dari liquidity contingency, as part of the liquidity risk
pengendalian risiko likuiditas, khususnya pada control, especially in crisis condition.
saat kondisi krisis.
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. MANAJEMEN RISIKO (lanjutan) 43. RISK MANAGEMENT (continued)
Risiko operasional Operational risk
Informasi tambahan risiko operasional yang Additional information operational risk that is
merupakan informasi yang disyaratkan oleh regulasi required by applicable regulations and is not
yang berlaku dan tidak dipersyaratkan oleh Standar required by Indonesian Accounting Standards is
Akuntansi Indonesia diungkapkan pada disclosed in Note 49g.
Catatan 49g.
Risiko non-keuangan lainnya Other non-financial risks
Informasi tambahan risiko non -keuangan lainnya Additional information other non-financial risks that
yang merupakan informasi yang disyaratkan oleh is required by applicable regulations and is not
regulasi yang berlaku dan tidak dipersyaratkan oleh required by Indonesian Accounting Standards is
Standar Akuntansi Indonesia diungkapkan pada disclosed in Note 49g.
Catatan 49g.
44. MANAJEMEN MODAL 44. CAPITAL MANAGEMENT
Tujuan manajemen permodalan Bank adalah untuk The Bank’s capital management objective is to
mempertahankan posisi modal yang kuat untuk maintain a strong capital position to support
mendukung pertumbuhan bisnis dan business growth and to sustain investor, depositor,
mempertahankan investor, deposan, pelanggan customer and market confidence. In managing its
dan kepercayaan pasar. Dalam pengelolaan capital, the Bank considers some factors such as:
permodalan, Bank mempertimbangkan faktor-faktor providing optimal capital rate of return to
seperti: pengembalian modal yang optimal kepada shareholders and maintaining a balance between
pemegang saham, menjaga keseimbangan antara high return with gearing ratio and safety provided by
keuntungan yang lebih tinggi dengan gearing ratio a sound capital position.
serta keamanan yang diberikan oleh posisi modal
yang sehat.
Informasi tambahan manajemen modal yang Additional information capital management that is
merupakan informasi yang disyaratkan oleh regulasi required by applicable regulations and is not
yang berlaku dan tidak dipersyaratkan oleh Standar required by Indonesian Accounting Standards is
Akuntansi Indonesia diungkapkan pada disclosed in Note 49h.
Catatan 49h.
45. JAMINAN PEMERINTAH TERHADAP 45. GOVERNMENT GUARANTEE ON OBLIGATIONS
LIABILITAS PEMBAYARAN BANK UMUM OF COMMERCIAL BANKS
Informasi tambahan jaminan pemerintah terhadap Additional information government guarantee on
liabilitas pembayaran bank umum yang merupakan obligations of commercial banks that is required by
informasi yang disyaratkan oleh regulasi yang applicable regulations and is not required by
berlaku dan tidak dipersyaratkan oleh Standar Indonesian Accounting Standards is disclosed in
Akuntansi Indonesia diungkapkan pada Note 49i.
Catatan 49i.
46. OPINI DEWAN PENGAWAS SYARIAH 46. OPINION OF THE SHARIA SUPERVISO RY
BOARD
PT Bank BTPN Syariah Tbk
Informasi tambahan opini dewan pengawas syariah Additional information opinion of the sharia
yang merupakan informasi yang disyaratkan oleh supervisory board that is required by applicable
regulasi yang berlaku dan tidak dipersyaratkan oleh regulations and is not required by Indonesian
Standar Akuntansi Indonesia diungkapkan pada Accounting Standards is disclosed in Note 49j.
Catatan 49j.
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
47. STANDAR AKUNTANSI YANG DITERBITKAN 47. ISSUED BUT NOT YET EFFECTIVE
NAMUN BELUM BERLAKU EFEKTIF ACCOUNTING STANDARDS
Beberapa standar akuntansi baru dan interpretasi Certain new accounting standards and
dari standar akuntansi telah diterbitkan dan belum interpretations have been issued that are not yet
berlaku efektif untuk tahun buku yang berakhir pada effective for the year ended 31 December 2024 and
tanggal 31 Desember 2024 dan belum diterapkan have not been applied in preparing these financial
pada penyusunan laporan keuangan ini. statements. Among them, the following PSAK,
Diantaranya adalah beberapa PSAK di bawah ini, which will become effective for reporting periods
yang akan berlaku efektif sejak tanggal beginning on or after 1 January 2025 and early
1 Januari 2025 dan penerapan dini diperbolehkan : adoption is permitted :
- Amandemen PSAK 221 “Pengaruh Perubahan - Amendments to PSAK 221 “The Effect of
Kurs Valuta Asing” Changes in Foreign Exchange Rates”
Adapun PSAK yang akan berlaku efektif sejak The PSAK which will become effective for
tanggal 1 Januari 2027 dan penerapan dini reporting periods beginning on or after
diperbolehkan: 1 January 2027 and early adoption is permitted :
- PSAK 413 “Penurunan Nilai” - PSAK 413 “Impairment Loss”
Pada saat penerbitan laporan keuangan, Bank As at the authorization date of this financial
masih mempelajari dampak yang akan mungkin statements, the Bank is still evaluating the potential
timbul dari penerapan standar baru dan revisi impact of these new and revised standards to the
tersebut serta pengaruhnya terhadap laporan financial statements.
keuangan.
48. REKLASIFIKASI AKUN 48. RECLASSIFICATION OF ACCOUNTS
Beberapa akun dalam in formasi komparatif telah Certain accounts in the comparative information
direklasifikasi agar sesuai dengan penyajian have been reclassified to conform with the
laporan laba rugi dan penghasilan komprehensif lain presentation of the consolidated statements of profit
konsolidasian untuk tahun berakhir pada tanggal or loss and other comprehensive income for the year
31 Desember 2024. ended 31 December 2024.
Tahun berakhir 31 Desember 2023/
Year ended 31 December 2023
Sebelum Setelah
reklasifikasi/ reklasifikasi/
Before Reklasifikasi/ After
reclassification Reclassification reclassification
Laporan laba rugi dan Consolidated statements of
penghasilan komprehensif profit or loss and other
lain konsolidasian comprehensive income
Beban operasional lainnya: Other operating expenses:
General and administrative
Beban umum dan administrasi (638,604) (4,368) (642,972) expenses
Beban operasional lainnya (42,503) 4,368) (38,135) Other operating expenses
PT Bank BTPN Syariah Tbk
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
49. INFORMASI TAMBAHAN YANG TIDAK 49. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR AKUNTANSI REQUIRED BY INDONESIAN ACCOUNTING
INDONESIA STANDARDS
Informasi tambahan berikut yang disajikan dibawah ini The following additional information presented below is
merupakan informasi yang disyaratkan oleh regulasi information required by applicable regulations and is not
yang berlaku dan tidak dipersyaratkan oleh Standar required by Indonesian Accounting Standards:
Akuntansi Indonesia:
a. Giro dan penempatan pada Bank Indonesia a. Current accounts and placements with Bank
Indonesia
Pada tanggal 31 Desember 2024 dan 2023, rasio As of 31 December 2024 and 2023, the Bank’s Total
Giro Wajib Minimum (GWM) Total Bank adalah Minimum Reserve Requirement (GWM) ratio was
masing-masing 5,86% dan 5,54% untuk Rupiah. 5.86% and 5.54% for Rupiah, respectively. The Bank
Bank telah memenuhi peraturan Bank Indonesia has fulfilled the prevailing Bank Indonesia regulation
yang berlaku mengenai GWM. regarding GWM.
Pengungkapan lebih lanjut pada giro dan Further disclosures on current accounts and
penempatan pada Bank Indonesia diungkapkan placements with Bank Indonesia are presented
pada Catatan 6. in Note 6.
b. Giro pada bank-bank lain b. Current accounts with other banks
Pada tanggal 31 Desember 2024 dan 2023, seluruh As of 31 December 2024 and 2023, all current
giro pada bank-bank lain diklasifikasikan lancar accounts with other banks were classified as current
berdasarkan kolektibilitas OJK. Tidak terdapat giro based on OJK grading. There was no impaired
pada bank-bank lain yang mengalami penurunan current accounts with other banks.
nilai.
Pengungkapan lebih lanjut pada giro pada bank- Further disclosures on current accounts with other
bank lain diungkapkan pada Catatan 7. banks are presented in Note 7.
c. Investasi pada surat berharga c. Investments in marketable securities
Berdasarkan kolektibilitas menurut peraturan By collectibility based on OJK regulation
OJK
2024 2023
Lancar 8,849,141) 8,571,244) Current
Dalam perhatian khusus 52,763) -) Special mention
8,901,904) 8,571,244)
Pendapatan yang akan diterima dari investasi Accrued income from investments
pada surat berharga 147,387) 75,512) in marketable securities
9,049,291) 8,646,756)
Pengungkapan lebih lanjut pada investasi pada Further disclosures on investments in marketable
surat berharga diungkapkan pada Catatan 9. securities are presented in Note 9.
PT Bank BTPN Syariah Tbk
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
49. INFORMASI TAMBAHAN YANG TIDAK 49. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR AKUNTANSI REQUIRED BY INDONESIAN ACCOUNTING
INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah ini The following additional information presented below is
merupakan informasi yang disyaratkan oleh regulasi information required by applicable regulations and is not
yang berlaku dan tidak dipersyaratkan oleh Standar required by Indonesian Accounting Standards:
Akuntansi Indonesia:
d. Piutang murabahah d. Murabahah receivables
Berdasarkan sektor ekonomi dan kolektibilitas By economic sector and collectibility based on
menurut peraturan OJK OJK regulation
2024
Dalam perhatian
Lancar/ khusus/ Special Kurang lancar/ Diragukan/ Macet/ Jumlah/
Current mention Substandard Doubtful Loss Total
Perdagangan, restoran dan Trading, restaurant and
hotel 5,590,503) 160,471) 190,471) 77,521) 1,317) 6,020,283) hotel
Pertanian dan perikanan 2,024,991) 36,455) 41,094) 16,582) 388) 2,119,510) Agriculture and fishery
Perindustrian 918,355) 23,356) 26,133) 9,977) 148) 977,969) Manufacturing
Sosial/masyarakat 10) -) -) -) -) 10) Social/public
Pengangkutan, pergudangan Transportation warehousing,
dan telekomunikasi 7) -) -) -) -) 7) and telecommunication
Jasa usaha 22) -) 4) -) -) 26) Business services
Pertambangan 2) -) 1) -) -) 3) Mining
Lainnya 493,525) 12,000) 12,884) 4,783) 128) 523,320) Others
9,027,415) 232,282) 270,587) 108,863) 1,981) 9,641,128)
Pendapatan yang akan diterima Accrued income from
dari piutang murabahah 85,452) 16,695) -) -) -) 102,147) murabahah receivables
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (370,015) (176,075) (267,819) (108,351) (1,960) (924,220) impairment losses
8,742,852) 72,902) 2,768) 512) 21) 8,819,055)
2023
Dalam perhatian
Lancar/ khusus/ Special Kurang lancar/ Diragukan/ Macet/ Jumlah/
Current mention Substandard Doubtful Loss Total
Perdagangan, restoran dan Trading, restaurant and
hotel 7,143,929) 342,919) 206,328) 14,410) 34,759) 7,742,345) hotel
Pertanian dan perikanan 1,990,663) 57,523) 31,936) 1,181) 3,927) 2,085,230) Agriculture and fishery
Perindustrian 877,175) 37,524) 21,771) 940) 3,341) 940,751) Manufacturing
Sosial/masyarakat 52) -) 2) -) -) 54) Social/public
Pengangkutan, pergudangan Transportation, warehousing
dan telekomunikasi 308) 11) 21) 7) 3) 350) and telecommunication
Jasa usaha 1,386) 47) 67) 13) 13) 1,526) Business services
Pertambangan 42) -) -) -) -) 42) Mining
Lainnya 560,244) 21,624) 12,468) 830) 2,198) 597,364) Others
10,573,799) 459,648) 272,593) 17,381) 44,241) 11,367,662)
Pendapatan yang akan diterima Accrued income from
dari piutang murabahah 131,170) 33,720) -) -) -) 164,890) murabahah receivables
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (597,997) (313,968) (243,104) (15,018) (43,455) (1,213,542) impairment losses
10,106,972) 179,400) 29,489) 2,363) 786) 10,319,010)
Pengungkapan lebih lanjut pada piutang Further disclosures on murabahah receivables are
murabahah diungkapkan pada Catatan 10. presented in Note 10.
Pembiayaan yang direstrukturisasi Restructured financing
Pada tanggal 31 Desember 2024 dan 2023, jumlah As of 31 December 2024 and 2023, total restructured
piutang murabahah yang direstrukturisasi murabahah receivables based on grading was as
berdasarkan kolektibilitas adalah: follows:
2024 2023
Lancar 62,145) 610,501) Current
PT Bank BTPN Syariah Tbk
Dalam perhatian khusus 5,999) 39,794) Special mention
Kurang lancar 7,301) 15,809) Substandard
Diragukan 1,035) 5,674) Doubtful
Macet 473) 18,005) Loss
76,953) 689,783)
Dikurangi: Cadangan kerugian
penurunan nilai (35,987) (603,373) Less: Allowance for impairment losses
40,966) 86,410)
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
49. INFORMASI TAMBAHAN YANG TIDAK 49. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR AKUNTANSI REQUIRED BY INDONESIAN ACCOUNTING
INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah ini The following additional information presented below is
merupakan informasi yang disyaratkan oleh regulasi yang information required by applicable regulations and is not
berlaku dan tidak dipersyaratkan oleh Standar Akuntansi required by Indonesian Accounting Standards:
Indonesia:
d. Piutang murabahah (lanjutan) d. Murabahah receivables (continued)
Informasi lainnya Other information
1) Rasio pemenuhan cadangan kerugian penurunan 1) The Bank’s ratio of allowance for impairment
nilai piutang murabahah Bank (persentase losses on murabahah receivables (percentage of
cadangan kerugian penurunan nilai piutang allowance for impairment losses on murabahah
murabahah yang telah dibentuk terhadap jumlah receivables recorded by the Bank to the minimum
minimum cadangan kerugian penurunan nilai allowance for impairment losses on murabahah
piutang murabahah sesuai ketentuan OJK) pada receivables as required by OJK) as of
tanggal 31 Desember 2024 dan 2023 masing- 31 December 2024 and 2023 was 465.09% and
masing adalah sebesar 465,09% dan 562,21%. 562.21%, respectively.
2) Rasio Pembiayaan Bermasalah/Non-Performing 2) The ratio of Non-Performing Financing (NPF) of
Financing (NPF) piutang murabahah pada tanggal murabahah receivables as of 31 December 2024
31 Desember 2024 dan 2023 adalah sebagai and 2023 was as follows:
berikut:
2024 2023
Persentase NPF - bruto 3.96% 2.94% NPF Percentage - gross
Persentase NPF - neto 0.03% 0.29% NPF Percentage - net
3) Pada tanggal 31 Desember 2024 dan 2023, Bank 3) As of 31 December 2024 and 2023, the Bank had
telah memenuhi ketentuan Batas Maksimum complied with Maximum Limit for Distribution of
Penyaluran Dana, baik untuk pihak berelasi Funds requirements for both related parties and
maupun untuk pihak ketiga. third parties.
e. Pembiayaan musyarakah e. Musyarakah financing
Berdasarkan sektor ekonomi dan kolektibilitas By economic sector and collectibility based on
menurut peraturan OJK OJK regulation
2024
Dalam
perhatian
khusus/ Kurang
Lancar/ Special lancar/ Diragukan/ Macet/ Jumlah/
Current mention Substandard Doubtful Loss Total
Financial
Perantara keuangan 530,567) -) -) -) -) 530,567) intermediaries
Dikurangi: Cadangan
kerugian Less: Allowance for
penurunan nilai (52) -) -) -) -) (52) impairment losses
530,515) -) -) -) -) 530,515)
PT Bank BTPN Syariah Tbk
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
49. INFORMASI TAMBAHAN YANG TIDAK 49. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR AKUNTANSI REQUIRED BY INDONESIAN ACCOUNTING
INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah ini The following additional information presented below is
merupakan informasi yang disyaratkan oleh regulasi information required by applicable regulations and is not
yang berlaku dan tidak dipersyaratkan oleh Standar required by Indonesian Accounting Standards:
Akuntansi Indonesia:
e. Pembiayaan musyarakah (lanjutan) e. Musyarakah financing (continued)
Berdasarkan sektor ekonomi dan kolektibilitas By economic sector and collectibility based on
menurut peraturan OJK (lanjutan) OJK regulation (continued)
2023
Dalam
perhatian
khusus/
Lancar/ Special Kurang lancar/ Diragukan/ Macet/ Jumlah/
Current mention Substandard Doubtful Loss Total
Perantara Financial
keuangan 19,669) -) -) -) -) 19,669) intermediaries
Dikurangi:
Cadangan Less: Allowance for
kerugian impairment
penurunan nilai (197) -) -) -) -) (197) losses
19,472) -) -) -) -) 19,472)
Pengungkapan lebih lanjut pada pembiayaan Further disclosures on musyarakah financing are
musyarakah diungkapkan pada Catatan 11. presented in Note 11.
Informasi lainnya Other information
1) Tidak terdapat Non-Performing Financing (NPF) 1) There was no Non-Performing Financing (NPF) of
pembiayaan musyarakah pada tanggal musyarakah financing as of 31 December 2024
31 Desember 2024 dan 2023. and 2023.
2) Pada tanggal 31 Desember 2024 dan 2023, 2) As of 31 December 2024 and 2023, the Bank had
Bank telah memenuhi ketentuan Batas complied with Maximum Limit for Distribution of
Maksimum Penyaluran Dana, baik untuk pihak Funds requirements for both related parties and
berelasi maupun untuk pihak ketiga. third parties.
f. Liabilitas imbalan kerja karyawan f. Employee benefits liabilities
Pada tanggal 31 Desember 2024 dan 2023, jumlah As of 31 December 2024 and 2023, the total number
karyawan yang memiliki hak program pensiun of employees eligible for this benefit pension plan
imbalan pasti ini adalah masing-masing sebanyak was 3,320 and 3,628 employees, respectively.
3.320 dan 3.628 karyawan .
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
49. INFORMASI TAMBAHAN YANG TIDAK 49. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR AKUNTANSI REQUIRED BY INDONESIAN ACCOUNTING
INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah ini The following additional information presented below is
merupakan informasi yang disyaratkan oleh regulasi information required by applicable regulations and is not
yang berlaku dan tidak dipersyaratkan oleh Standar required by Indonesian Accounting Standards:
Akuntansi Indonesia:
g. Manajemen risiko g. Risk management
Pengembangan manajemen risiko di Bank Risk management development in the Bank is based
berpedoman pada Peraturan OJK on the regulation from OJK No. 65/POJK.03/2016
No. 65/POJK.03/2016 tentang Penerapan regarding the Implementation of Risk Management
Manajemen Risiko bagi Bank Umum Syariah dan for Sharia Banks and Sharia Unit Business.
Unit Usaha Syariah .
Pengungkapan lebih lanjut pada manajemen risiko Further disclosures on risk management are
diungkapkan pada Catatan 43. presented in Note 43.
Risiko operasional Operational risk
Risiko operasional adalah risiko terjadinya kerugian Operational risk is defined as the risk of loss resulting
yang disebabkan oleh ketidakcukupan dan/atau from inadequate or failure internal processes, people
tidak berfungsinya proses internal, kesalahan and systems failure or from external events.
manusia, kegagalan sistem atau adanya kejadian-
kejadian eksternal.
Kerangka kerja pengelolaan risiko operasional Operational risk management framework
1. Kerangka kerja pengelolaan risiko operasional 2. 1. The Bank’s operational risk management
Bank dilakukan dengan pembagian akuntabilitas framework is executed with clear accountabilities
dan peran yang jelas. Direksi dan Dewan and roles. The Board of Directors and the Board of
Komisaris bertanggung-jawab untuk mengawasi
Commissioners are responsible to oversee the
efektivitas dari kerangka kerja pengelolaan risiko
operasional secara menyeluruh maupun pada effectiveness of overall operational risk
pelaksanaannya. management framework as well as its execution.
Dalam rangka pengendalian internal, Bank In the framework of internal control, the Bank
menerapkan konsep 3 layers of defense. applies the concept of 3 layers of defense.
Pertama, unit kerja (Risk Taking Unit) dibantu First, Risk Taking Unit (RT4) assisted with the
dengan fungsi Quality Assurance (QA) memastikan Quality Assurance (QA) function ensures that the
bahwa kegiatan operasional yang dilakukan telah operational activities carried out are in accordance
sesuai dengan kebijakan maupun prosedur yang with existing policies and procedures.
ada.
Kedua, Satuan Kerja Manajemen Risiko (SKMR) Second, Operational Risk Management (SKMR)
memastikan proses identifikasi, pengukuran, ensures the process of identifying, measuring,
pemantauan dan pengendalian risiko, serta sistem monitoring and controlling risk, and the risk
informasi manajemen risiko telah dikelola dengan management information system has been
baik. Selain itu Satuan Kerja Kepatuhan (SKK) managed properly. In addition, Compliance
memastikan bahwa seluruh aktifitas Bank telah Management Unit (SKK) ensures that all Bank’s
sesuai dengan peraturan internal dan eksternal, activities have complied with internal and external
termasuk telah sesuai dengan penerapan prinsip regulation, including the sharia principles.
syariah.
Ketiga, Satuan Kerja Audit Internal (SKAI) Third, Internal Audit unit (SKAI) ensures that all
memastikan bahwa seluruh risiko yang tersisa residual risks have been managed properly based
(residual risk) telah dikelola dengan baik sesuai risk on applied compliance risk appetite and risk
PT Bank BTPN Syariah Tbk
appetite maupun risk tolerance yang telah tolerance. Continuous alignment between all
ditetapkan. Penyelarasan kerja antara pihak-pihak parties related to internal control practices in the
yang terkait praktik pengendalian internal Bank Bank conducted through regular forums and
dilakukan secara berkelanjutan melalui forum-forum facilitations.
periodik dan fasilitasi rutin.
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
49. INFORMASI TAMBAHAN YANG TIDAK 49. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR AKUNTANSI REQUIRED BY INDONESIAN ACCOUNTING
INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah ini The following additional information presented below is
merupakan informasi yang disyaratkan oleh regulasi information required by applicable regulations and is not
yang berlaku dan tidak dipersyaratkan oleh Standar required by Indonesian Accounting Standards:
Akuntansi Indonesia:
g. Manajemen risiko (lanjutan) g. Risk management (continued)
Kerangka kerja pengelolaan risiko operasional Operational risk management framework
(lanjutan) (continued)
2. Pelaksanaan kerangka kerja pengelolaan risiko 2. Practices of ORM Framework in Bank are
operasional di Bank dilakukan dalam tahapan conducted through an integrated process and
proses yang terpadu dan terdiri dari proses consists of risk identification, measurement,
identifikasi, pengukuran, pemantauan serta monitoring and controlling/mitigating.
pengendalian/mitigasi risiko.
Dalam proses ini, Bank secara bertahap In this process, the Bank performs risk reviews
melakukan tinjauan risiko secara menyeluruh over new and/or changes to Bank’s products,
atas produk, sistem, layanan maupun system, services and activities/processes,
aktivitas/proses Bank yang baru maupun development of risk registration, definition of
perubahannya, pengembangan sistem registrasi mitigations/control mechanisms as well as
risiko, pendefinisian mitigasi/mekanisme kontrol, continuous measurement over residual risk
serta secara terus menerus melakukan exposures and the level of the Working Units’
pengukuran atas pemaparan risiko dan tingkat discipline in deploying control mechanisms.
kedisiplinan Unit Kerja dalam menerapkan
mekanisme kontrol.
3. Otomasi dari proses pengelolaan risiko 3. Automation of day-to-day ORM processes is
operasional sehari-hari dilakukan melalui ORMS performed by the ORMS (Operational Risk
(Operational Risk Management System) yang Management System), an internally designed
merupakan aplikasi online real-time internal online-real time application which is implemented
untuk memudahkan pencatatan, analisis, dan to facilitate recording, analysis and reporting of
pelaporan dari data risiko operasional, dengan operational risk data by enabling risk identification,
kemampuan melakukan identifikasi risiko, assessment/measurement, monitoring and
penilaian/pengukuran, pemantauan, dan controlling/mitigating to be conducted in an
pengendalian/mitigasi yang dilaksanakan secara integrated manner, thereby enhance the
terintegrasi, sehingga dapat meningkatkan effectiveness of operational risk management.
efektivitas dari pengelolaan risiko operasional.
4. Perhitungan beban modal untuk risiko 4. The Bank has performed the capital charges
operasional dilakukan Bank dengan calculation for operational risk by using Basic
menggunakan Pendekatan Indikator Dasar Indicator Approach in accordance to Bank
sesuai dengan ketentuan Regulator Indonesia/OJK.
(Bank Indonesia/OJK).
5. Bank telah menyusun pedoman bagi 5. The Bank has composed a comprehensive
Pengelolaan Kelangsungan Usaha yang Business Continuity Management (“BCM”)
komprehensif dengan tujuan untuk guidelines to anticipate operational risks that might
mengantisipasi risiko operasional yang mungkin arise from critical situations, such as natural
terjadi dari situasi ekstrim/kritikal karena disasters e.g. flood, earthquake, and other factors
bencana alam seperti banjir, gempa bumi, dan e.g. fire, major system disruption, power failure, as
juga faktor lainnya seperti kebakaran, gangguan well as non-conducive business environment to
sistem utama, gangguan pasokan listrik, hingga ensure continuous services to customer.
lingkungan bisnis yang kurang menguntungkan,
sehingga kelangsungan layanan kepada
nasabah dapat terjamin.
PT Bank BTPN Syariah Tbk
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
49. INFORMASI TAMBAHAN YANG TIDAK 49. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR AKUNTANSI REQUIRED BY INDONESIAN ACCOUNTING
INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah ini The following additional information presented below is
merupakan informasi yang disyaratkan oleh regulasi information required by applicable regulations and is not
yang berlaku dan tidak dipersyaratkan oleh Standar required by Indonesian Accounting Standards:
Akuntansi Indonesia:
g. Manajemen risiko (lanjutan) g. Risk management (continued)
Risiko non-keuangan lainnya Other non-financial risks
Bank juga mengelola dan memonitor risiko non- The Bank also manages and monitors non-financial
keuangan sebagai berikut: risk as follows:
(i) risiko hukum untuk mengurangi kemungkinan (i) legal risks to minimise possible losses from
kerugian dari tuntutan hukum atau kelemahan lawsuits and/or weaknesses in juridical matters,
aspek yuridis, contohnya yang disebabkan oleh for example caused by the weak legal
lemahnya perikatan, ketiadaan peraturan arrangements, an absence and/or change of
perundang-undangan yang menyebabkan suatu regulations, which causes a transaction to
transaksi yang telah dilakukan tidak sesuai become illegal and resulting in litigation process;
dengan ketentuan yang ada, dan
mengakibatkan terjadinya proses litigasi;
(ii) risiko reputasi untuk mengurangi kemungkinan (ii) reputation risks to minimise possible losses from
kerugian dari publikasi negatif yang terkait negative publicity relating to the Bank’s business
dengan kegiatan usaha Bank atau persepsi activities or negative perception about the Bank;
negatif terhadap Bank;
(iii) risiko strategis untuk mengurangi kemungkinan (iii) strategic risks to minimise possible losses arising
kerugian akibat ketidaktepatan dalam from inappropriate decision and/or carrying out a
pengambilan dan/atau pelaksanaan suatu strategic decision which fails to anticipate
keputusan stratejik yang gagal mengantisipasi changes in the business environment; and
perubahan lingkungan bisnis; dan
(iv) risiko kepatuhan untuk mengurangi (iv)compliance risks to minimise possible losses from
kemungkinan kerugian karena tidak mematuhi non-compliance or failure to implement prevailing
atau tidak melaksanakan peraturan perundang- laws and regulations, including sharia principles
undangan dan ketentuan lain yang berlaku, for the Bank.
termasuk prinsip syariah bagi Bank.
(v) risiko imbal hasil untuk memastikan dampak dari (v) rate of return risk to ensure that the changes of
perubahan tingkat imbal hasil yang dibayarkan rate of return offered by the Bank do not bring
Bank tidak berdampak signifikan terhadap significant impact to funding customers behavior.
perilaku nasabah dana pihak ketiga.
(vi) risiko investasi untuk memastikan potensi risiko (vi)investment risk to ensure the potential risks
yang mungkin timbul akibat Bank ikut arising from the Bank sharing the losses of
menanggung kerugian dari usaha nasabah financing customer's business under a profit
pembiayaan dengan akad bagi hasil. sharing contract.
Berpedoman pada Surat Edaran OJK SEOJK Following OJK Circular Letter SEOJK
No. 13/SEOJK.03/2015 dan New Basel II Capital No. 13/SEOJK.03/2015 and the New Basel II Capital
Accord yang memasukkan risiko operasional dalam Accord, which added operational risk in the
perhitungan regulatory capital, Bank telah calculation of regulatory capital, the Bank has
menerapkan prinsip-prinsip manajemen risiko applied the principles of operational risk
operasional, termasuk perhitungan beban modal management, including operational risk capital
risiko operasional. charge.
PT Bank BTPN Syariah Tbk
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Page 613
PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
49. INFORMASI TAMBAHAN YANG TIDAK 49. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR AKUNTANSI REQUIRED BY INDONESIAN ACCOUNTING
INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah ini The following additional information presented below is
merupakan informasi yang disyaratkan oleh regulasi information required by applicable regulations and is not
yang berlaku dan tidak dipersyaratkan oleh Standar required by Indonesian Accounting Standards:
Akuntansi Indonesia:
g. Manajemen risiko (lanjutan) g. Risk management (continued)
Risiko non-keuangan lainnya (lanjutan) Other non-financial risks (continued)
Proses pengelolaan risiko operasional dilakukan Operational risk management process is performed
oleh setiap unit kerja (risk owner), sehingga unit-unit by each unit (risk owner), so the units in head office
kerja di kantor pusat dan kantor-kantor cabang, and branches, facilitated by risk management unit,
dengan difasilitasi oleh unit manajemen risiko, are responsible to identify, assess, measure,
bertanggung jawab dalam proses identifikasi, monitor, and control operational risk, to become
penilaian, pengukuran, pemantauan serta faster and more accurate.
pengendalian risiko operasional menjadi lebih
akurat dan cepat.
Untuk mengantisipasi terhadap kejadian-kejadian To anticipate events which can disrupt the Bank’s
yang dapat mengganggu operasional Bank sebagai operations as a result of internal factors such as
akibat faktor internal seperti gangguan pada sistem disturbances in information technology systems and
teknologi informasi dan faktor eksternal seperti external factors such as natural disasters, riots, and
bencana alam, kerusuhan, dan kebakaran, Bank fires, the Bank has developed the Business
telah mengembangkan Business Continuity Continuity Management and Disaster Recovery Plan.
Management dan Disaster Recovery Plan.
h. Manajemen Modal h. Capital management
Rasio Kewajiban Penyediaan Modal Minimum The Minimum Required Capital Adequacy Ratio
(KPMM) Bank yang dikaitkan dengan profil risiko (CAR) of the Bank is related with the Bank’s risk
Bank dan dihitung berdasarkan Peraturan OJK profile and calculated based on OJK Regulation
No. 21/POJK.03/2014 dan Surat Edaran OJK No. 21/POJK.03/2014 and OJK Circular Letter
No. 34/SEOJK.03/2015 tentang Perhitungan Aset No. 34/SEOJK.03/2015 regarding Calculation of
Tertimbang Menurut Risiko untuk Risiko Kredit Risk Weighted Assets for Credit Risk by Using
dengan Menggunakan Pendekatan Standar bagi Standard Approach for Sharia Commercial
Bank Umum Syariah, Surat Edaran OJK Banks, OJK Circular Letter No. 13/SEOJK.03/2018
No. 13/SEOJK.03/2018 tentang Perubahan Surat regarding Amendment to OJK Circular Letter
Edaran OJK No. 34/SEOJK.03/2015 tentang No. 34/SEOJK.03/2015 concerning Calculation of
Perhitungan Aset Tertimbang Menurut Risiko untuk Risk Weighted Assets for Credit Risk Using the
Risiko Kredit dengan Menggunakan Pendekatan Standard Approach for Sharia Commercial Banks
Standar bagi Bank Umum Syariah dan Surat and OJK Circular Letter No. 13/SEOJK.03/15
Edaran OJK No. 13/SEOJK.03/15 tentang concerning Calculation of Risk Weighted Assets for
Perhitungan Aset Tertimbang Menurut Operational Risk Using Basic Indicators for Sharia
Risiko untuk Risiko Operasional dengan Commercial Banks was as follows:
Menggunakan Indikator Dasar bagi Bank Umum
Syariah adalah sebagai berikut:
2024 2023
Modal inti 8,810,542) 8,235,764) Core capital
Modal pelengkap (maksimum 100% Supplementary capital (maximum at
dari modal inti) 97,937) 107,043) 100% from core capital)
Jumlah modal 8,908,479) 8,342,807) Total capital
Aset Tertimbang Menurut Risk Weighted Assets
Risiko (ATMR) (RWA)
PT Bank BTPN Syariah Tbk
Risiko Kredit 7,562,848) 8,072,300) Credit Risk
Risiko Operasional 9,194,553) 8,095,128) Operational Risk
Rasio total 53.16% 51.60% Total ratio
Rasio KPMM yang diwajibkan 9% - 10% 9% - 10% Minimum CAR
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PT BANK BTPN SYARIAH Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
49. INFORMASI TAMBAHAN YANG TIDAK 49. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR AKUNTANSI REQUIRED BY INDONESIAN ACCOUNTING
INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah ini The following additional information presented below is
merupakan informasi yang disyaratkan oleh regulasi information required by applicable regulations and is not
yang berlaku dan tidak dipersyaratkan oleh Standar required by Indonesian Accounting Standards:
Akuntansi Indonesia:
i. Jaminan pemerintah terhadap liabilitas i. Government guarantee on obligations of
pembayaran bank umum commercial banks
Sesuai dengan Peraturan Pemerintah Republik According to Government Regulation No. 39 year
Indonesia No. 39 tahun 2005 tanggal 2005 dated 12 October 2005, since
12 Oktober 2005, sejak tanggal 12 Oktober 2005, 12 October 2005, guarantees on deposits from
penjaminan simpanan nasabah bank berdasarkan customers of Sharia principles banks follow Law
prinsip Syariah mengacu kepada Undang-Undang No. 24 dated 22 December 2004.
No. 24 tanggal 22 Desember 2004.
Berdasarkan Undang-Undang No. 24 tanggal Based on Law No. 24 dated 22 December 2004,
22 Desember 2004, efektif sejak tanggal effective 22 December 2005, Indonesia Deposit
22 Desember 2005, Lembaga Penjamin Simpanan Insurance Corporation (LPS) was established to
(LPS) dibentuk untuk menjamin kewajiban tertentu provide guarantee on certain deposits from
bank-bank umum berdasarkan program customers based on prevailing guarantee schemes.
penjaminan yang berlaku. Undang-Undang tersebut The law was changed with the Government
telah diubah dengan Peraturan Pemerintah sebagai Regulation as the Replacement of Law
Pengganti Undang-Undang No. 3 tahun 2008, yang No. 3 Year 2008, which was stipulated as a law since
mana telah ditetapkan menjadi undang-undang 13 January 2009 based on the Republic of Indonesia
sejak tanggal 13 Januari 2009 berdasarkan Law No. 7 Year 2009.
Undang-Undang Republik Indonesia
No. 7 tahun 2009.
Berdasarkan Peraturan Pemerintah Republik Based on the Government Regulation of the Republic
Indonesia No. 66/2008 tanggal 13 Oktober 2008 of Indonesia No. 66/2008 dated 13 October 2008
mengenai besarnya nilai simpanan yang dijamin regarding the deposit amount guaranteed by LPS, as
LPS, pada tanggal 31 Desember 2024 dan 2023, of 31 December 2024 and 2023, the deposit amount
jumlah simpanan yang dijamin LPS adalah guaranteed by LPS for every customer in a bank was
simpanan sampai dengan Rp 2.000 untuk per a maximum of Rp 2,000.
nasabah per bank.
Pada tanggal 31 Desember 2024 dan 2023, Bank As of 31 December 2024 and 2023, the Bank was a
adalah peserta dari program penjaminan tersebut. participant of the guarantee program.
j. Opini Dewan Pengawas Syariah j. Opinion of The Sharia Supervisory Board
Untuk tahun yang berakhir pada tanggal For the years ended 31 December 2024 and 2023,
31 Desember 2024 dan 2023, Dewan Pengawas the Sharia Supervisory Board (“DPS”) stated that in
Syariah (“DPS”) menyatakan bahwa secara umum general the sharia aspects in the Bank’s operation
aspek syariah dalam operasional Bank sudah have complied with sharia principles and values.
sesuai dengan prinsip dan nilai-nilai syariah.
50. INFORMASI KEUANGAN TAMBAHAN 50. SUPPLEMENTARY FINANCIAL INFORMATION
Bank menerbitkan laporan keuangan konsolidasian The Bank issued the consolidated financial
yang merupakan laporan keuangan utama. Informasi statements as its primary financial statements.
keuangan tambahan PT BANK BTPN SYARIAH Tbk The supplementary financial information of
(Entitas Induk) ini, dimana investasi pada Entitas Anak PT BANK BTPN SYARIAH Tbk (Parent Entity)
dicatat dengan metode harga perolehan, disajikan which account for investments in Subsidiary
untuk dapat menganalisis hasil usaha entitas induk using the cost method, have been prepared in order that
saja. Informasi keuangan tambahan PT BANK BTPN the parent entity’s results of operations can be analysed.
SYARIAH Tbk (Entitas Induk) (halaman 101-111) The following supplementary financial information of
berikut ini harus dibaca bersamaan dengan PT BANK BTPN SYARIAH Tbk (Parent Entity)
PT Bank BTPN Syariah Tbk
laporan keuangan konsolidasian PT BANK BTPN (pages 101-111) should be read in conjunction with the
SYARIAH Tbk dan Entitas Anak. consolidated financial statements of PT BANK BTPN
SYARIAH Tbk and Subsidiary.
100
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INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
LAMPIRAN 1.1 APPENDIX 1.1
PT BANK BTPN SYARIAH Tbk
ENTITAS INDUK/PARENT ENTITY
LAPORAN POSISI KEUANGAN STATEMENTS OF FINANCIAL POSITION
31 DESEMBER 2024 DAN 2023 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2024 2023
ASET ASSETS
Kas 592,911) 497,153) Cash
Current accounts and placements with Bank
Giro dan penempatan pada Bank Indonesia 1,669,329) 763,443) Indonesia
Giro pada bank-bank lain Current accounts with other banks
- Pihak ketiga 914) 1,251) Third parties -
- Pihak berelasi 1,281) 3,464) Related party -
2,195) 4,715)
Investasi pada surat berharga 8,849,141) 8,491,180) Investments in marketable securities
Pendapatan yang akan diterima dari investasi Accrued income from investments in marketable
pada surat berharga 147,387) 75,512) securities
8,996,528) 8,566,692)
Piutang murabahah
setelah dikurangi pendapatan marjin Murabahah receivables
yang ditangguhkan sebesar net deferred margin income of
31 Desember 2024: Rp 2.319.756 dan 31 December 2024: Rp 2,319,756 and
31 Desember 2023: Rp 2.776.708 31 December 2023: Rp 2,776,708
- Pihak ketiga 9,641,128) 11,367,662) Third parties -
Pendapatan yang akan diterima dari piutang Accrued income from murabahah
murabahah 102,147) 164,890) receivables
Dikurangi: Cadangan kerugian penurunan nilai (924,220) (1,213,542) Less: Allowance for impairment losses
8,819,055) 10,319,010)
Pinjaman qardh - pihak ketiga 64) 530) Funds of qardh - third parties
Dikurangi: Cadangan kerugian penurunan nilai (2) (177) Less: Allowance for impairment losses
62) 353)
Pembiayaan musyarakah - pihak ketiga 530,567) 19,669) Musyarakah financing - third parties
Dikurangi: Cadangan kerugian penurunan nilai (52) (197) Less: Allowance for impairment losses
530,515) 19,472)
Penyertaan saham 297,000) 297,000) Investment in shares
Beban dibayar dimuka 41,930) 48,012) Prepayments
Aset tetap 1,108,743) 1,082,125) Fixed assets
Dikurangi: Akumulasi penyusutan (773,701) (705,901) Less: Accumulated depreciation
335,042) 376,224)
Aset takberwujud 445,851) 383,607) Intangible assets
Dikurangi: Akumulasi amortisasi (232,898) (172,863) Less: Accumulated amortization
212,953) 210,744)
Aset pajak tangguhan 221,330) 274,217) Deferred tax assets
Aset lain-lain - bersih 17,806) 35,470) Other assets - net
JUMLAH ASET 21,736,656) 21,412,505) TOTAL ASSETS
PT Bank BTPN Syariah Tbk
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INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
LAMPIRAN 1.2 APPENDIX 1.2
PT BANK BTPN SYARIAH Tbk
ENTITAS INDUK/PARENT ENTITY
LAPORAN POSISI KEUANGAN STATEMENTS OF FINANCIAL POSITION
31 DESEMBER 2024 DAN 2023 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2024 2023
LIABILITAS, DANA SYIRKAH TEMPORER, LIABILITIES, TEMPORARY SYIRKAH FUNDS
DAN EKUITAS AND SHAREHOLDERS’ EQUITY
LIABILITAS LIABILITIES
Liabilitas segera 22,963) 29,345) Liabilities due immediately
Bagi hasil yang belum dibagikan 18,825) 21,951) Undistributed revenue sharing
Simpanan nasabah Deposits from customers
- Pihak ketiga Third parties -
Giro wadiah 6,792) 24,009) Wadiah demand deposits
Tabungan wadiah 2,117,674) 2,197,488) Wadiah saving deposits
- Pihak berelasi Related parties -
Tabungan wadiah 615) 500) Wadiah saving deposits
2,125,081) 2,221,997)
Utang pajak Taxes payable
- Pajak penghasilan badan 17,409) 34,851) Corporate income tax -
- Pajak lainnya 13,137) 16,044) Other taxes -
30,546) 50,895)
Surat berharga yang diterbitkan 200,000) -) Securities issued
Liabilitas sewa 25,298) 53,792) Lease liabilities
Liabilitas lain-lain 88,863) 62,569) Other liabilities
Akrual 70,816) 67,471) Accruals
Liabilitas imbalan kerja karyawan 249,130) 229,290) Employee benefits liabilities
JUMLAH LIABILITAS 2,831,522) 2,737,310) TOTAL LIABILITIES
DANA SYIRKAH TEMPORER TEMPORARY SYIRKAH FUNDS
Bukan bank Non-bank
Tabungan mudharabah Mudharabah saving deposits
- Pihak ketiga 972,327) 887,890) Third parties -
- Pihak berelasi 4,791) 2,176) Related parties -
977,118) 890,066)
Deposito mudharabah Mudharabah time deposits
- Pihak ketiga 8,593,793) 8,997,932) Third parties -
- Pihak berelasi 28,937) 32,934) Related parties -
8,622,730) 9,030,866)
JUMLAH DANA SYIRKAH TEMPORER 9,599,848) 9,920,932) TOTAL TEMPORARY SYIRKAH FUNDS
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INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
LAMPIRAN 1.3 APPENDIX 1.3
PT BANK BTPN SYARIAH Tbk
ENTITAS INDUK/PARENT ENTITY
LAPORAN POSISI KEUANGAN STATEMENTS OF FINANCIAL POSITION
31 DESEMBER 2024 DAN 2023 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2024 2023
EKUITAS SHAREHOLDERS’ EQUITY
Modal saham Share capital
Modal dasar – 27.500.000.000 saham Authorized – 27,500,000,000 shares
Modal ditempatkan dan disetor penuh- Issued and fully paid capital -
7.703.700.000 saham 770,370) 770,370) 7,703,700,000 shares
Tambahan modal disetor 846,440) 846,440) Additional paid-in capital
Cadangan revaluasi aset 13,053) 5,239) Asset revaluation reserve
Keuntungan yang belum direalisasi atas
investasi pada surat berharga yang Unrealized gains on investments in
diklasifikasikan sebagai diukur pada nilai marketable securities classified as
wajar melalui penghasilan komprehensif measured as fair value through other
lain – bersih 335) 143) comprehensive income - net
Saldo laba Retained earnings
- Dicadangkan 145,000) 125,000) Appropriated -
- Belum dicadangkan 7,513,492) 6,991,693) Unappropriated -
7,658,492) 7,116,693)
Komponen ekuitas lainnya 20,916) 20,916) Other equity components
Saham tresuri (4,320) (5,538) Treasury shares
JUMLAH EKUITAS 9,305,286) 8,754,263) TOTAL EQUITY
JUMLAH LIABILITAS, DANA SYIRKAH TOTAL LIABILITIES, TEMPORARY SYIRKAH
TEMPORER, DAN EKUITAS 21,736,656) 21,412,505) FUNDS AND EQUITY
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INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
LAMPIRAN 2.1 APPENDIX 2.1
PT BANK BTPN SYARIAH Tbk
ENTITAS INDUK/PARENT ENTITY
LAPORAN LABA RUGI DAN PENGHASILAN STATEMENTS OF PROFIT OR LOSS
KOMPREHENSIF LAIN AND OTHER COMPREHENSIVE INCOME
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2024 2023
Pendapatan pengelolaan dana oleh Bank sebagai Income from fund management by the Bank
mudharib as mudharib
Income from sales and purchases -
Pendapatan dari jual beli - marjin murabahah 4,816,480) 5,299,422) murabahah margin
Pendapatan dari piutang lainnya -) 182) Income from other receivables
Pendapatan bagi hasil - pembiayaan Revenue from profit sharing -
musyarakah 13,330) 4,727) musyarakah financing
Pendapatan usaha utama lainnya 556,228) 431,060) Other main operating income
5,386,038) 5,735,391)
Hak pihak ketiga atas bagi hasil dana syirkah Third parties’ shares on return of temporary
temporer (504,115) (486,444) syirkah funds
Hak bagi hasil milik Bank 4,881,923) 5,248,947) Bank’s share in profit sharing
PENDAPATAN OPERASIONAL LAINNYA 71,006) 60,949) OTHER OPERATING INCOME
BEBAN OPERASIONAL LAINNYA OTHER OPERATING EXPENSES
Beban tenaga kerja (1,463,330) (1,361,556) Personnel expenses
Beban umum dan administrasi (694,529) (642,448) General and administrative expenses
Pembentukan cadangan kerugian penurunan nilai (1,359,766) (1,898,117) Provision for allowance for impairment losses
Beban operasional lainnya (67,106) (37,019) Other operating expenses
(3,584,731) (3,939,140)
PENDAPATAN OPERASIONAL BERSIH 1,368,198) 1,370,756) NET OPERATING INCOME
Pendapatan (beban) non-operasional - bersih 2,564) 405) Non-operating income (expenses) - net
LABA SEBELUM PAJAK PENGHASILAN 1,370,762) 1,371,161) INCOME BEFORE INCOME TAX
BEBAN PAJAK PENGHASILAN INCOME TAX EXPENSE
- Kini (247,880) (411,468) Current -
- Tangguhan (50,160) 112,030) Deferred -
(298,040) (299,438)
LABA BERSIH TAHUN BERJALAN 1,072,722) 1,071,723) NET INCOME FOR THE YEAR
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INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
LAMPIRAN 2.2 APPENDIX 2.2
PT BANK BTPN SYARIAH Tbk
ENTITAS INDUK/PARENT ENTITY
LAPORAN LABA RUGI DAN PENGHASILAN STATEMENTS OF PROFIT OR LOSS
KOMPREHENSIF LAIN AND OTHER COMPREHENSIVE INCOME
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2024 2023
PENGHASILAN KOMPREHENSIF LAIN: OTHER COMPREHENSIVE INCOME:
Pos yang tidak akan direklasifikasi ke laba Items that would never be reclassified to
rugi profit or loss .
Revaluasi aset tetap 7,814) -) Revaluation of fixed assets
Pengukuran kembali liabilitas imbalan kerja Remeasurement of employee
karyawan 12,146) (688) benefits liabilities
Pajak penghasilan terkait (2,672) 58) Related income tax
17,288) (630)
Items that will be reclassified to profit
Pos yang akan direklasifikasi ke laba rugi or loss
Keuntungan (kerugian) yang belum direalisasi Unrealized gains (losses) on investments in
atas investasi pada surat berharga yang marketable securities classified as
diklasifikasikan sebagai diukur pada nilai measured at fair value through other
wajar melalui penghasilan komprehensif lain 247) 102) comprehensive income
Pajak penghasilan terkait (55) (22) Related income tax
192) 80)
Penghasilan komprehensif lain tahun Other comprehensive income
berjalan, setelah pajak penghasilan 17,480) (550) for the year, net of income tax
JUMLAH LABA KOMPREHENSIF TAHUN
BERJALAN, SETELAH PAJAK TOTAL COMPREHENSIVE INCOME FOR
PENGHASILAN 1,090,202) 1,071,173) THE YEAR, NET OF INCOME TAX
LABA BERSIH PER SAHAM DASAR/DILUSIAN BASIC/DILUTED EARNINGS PER SHARE
(NILAI PENUH) 139) 139) (FULL AMOUNT)
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INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
619
LAMPIRAN 3 APPENDIX 3
PT BANK BTPN SYARIAH Tbk
ENTITAS INDUK/PARENT ENTITY
LAPORAN PERUBAHAN EKUITAS STATEMENTS OF CHANGES IN EQUITY
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Keuntungan/ kerugian
yang belum direalisasi
atas investasi pada surat
berharga yang
diklasifikasikan sebagai
diukur pada nilai wajar
melalui penghasilan
Modal komprehensif Saldo laba Kompone
saham Tambahan lain/Unrealized gains/ yang Saldo laba yang n ekuitas
ditempatkan modal Cadangan losses on investments in dicadangkan belum lainnya/
dan disetor disetor/ revaluasi marketable securities / dicadangkan/ Saham Other
penuh/Issue Additional aset/Asset classified as measured at Appropriate Unappropriated tresuri/ equity Jumlah
d and fully paid-in revaluatio fair value through other d retained retained Treasury componen ekuitas/
paid capital capital n reserve comprehensive income earnings earnings shares ts Total equity
Saldo pada tanggal 1 Januari 2023 770,370 846,440 5,239) 63) 105,000 6,653,135) (7,173) 20,916 8,393,990) Balance as of 1 January 2023
Pembayaran dividen dari laba bersih Payments of dividend from
tahun 2022 - - - - - (712,535) -) -) (712,535) 2022 net income
Pembentukan cadangan wajib - - - - 20,000 (20,000) -) -) -) Appropriation for legal reserve
Laba bersih tahun berjalan - - - - - 1,071,723) -) -) 1,071,723) Net profit for the year
Penghasilan komprehensif lain: Other comprehensive income:
Penilaian kembali liabilitas imbalan Remeasurement of employee
kerja karyawan - - - - - (688) -) -) (688) benefits liabilities
Investasi pada surat berharga yang Investments in marketable
diklasifikasikan sebagai diukur securities classified as
pada nilai wajar melalui measured at fair value through
penghasilan komprehensif lain - - - 102) - -) -) -) 102) other comprehensive income
Pajak penghasilan terkait - - - (22) - 58) -) -) 36) Related Income tax
Pembayaran kompensasi dari Payments of compensation from
saham tresuri -)) -)) -)) -)) -) -) 1,635) -) 1,635) treasury shares
Saldo pada tanggal 31 Desember 2023 770,370) 846,440) 5,239) 143) 125,000 6,991,693) (5,538) 20,916) 8,754,263) Balance as of 31 December 2023
Pembayaran dividen dari laba bersih Payments of dividend from
tahun 2023 - - - - (540,397) - - (540,397) 2023 net income
Pembentukan cadangan wajib - - - - 20,000 (20,000) - - -) Appropriation for legal reserve
Laba bersih tahun berjalan - - - - - 1,072,722) - - 1,072,722) Net profit for the year
Penghasilan komprehensif lain: Other comprehensive income:
Revaluasi aset tetap - - 7,814 - - - 7,814) Revaluation of fixed assets
Investasi pada surat berharga yang Investments in marketable
diklasifikasikan sebagai diukur securities classified as
pada nilai wajar melalui measured at fair value through
penghasilan komprehensif lain - - - 247) - -) - - 247) other comprehensive income
Penilaian kembali liabilitas imbalan Remeasurement of employee
kerja karyawan - - - - - 12,146) - - 12,146) benefits liabilities
Pajak penghasilan terkait - - - (55) - (2,672) - - (2,727) Related income tax
Pembayaran kompensasi dari Payments of compensation from
saham tresuri -)) -)) -)) -)) -)) -)) 1,218) - 1,218) treasury shares
Saldo pada tanggal 31 Desember 2024 770,370) 846,440) 13,053) 335) 145,000) 7,513,492) (4,320) 20,916 9,305,286) Balance as of 31 December 2024
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INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
LAMPIRAN 4.1 APPENDIX 4.1
PT BANK BTPN SYARIAH Tbk
ENTITAS INDUK/PARENT ENTITY
LAPORAN ARUS KAS STATEMENTS OF CASH FLOWS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2024 2023
CASH FLOWS FROM OPERATING
ARUS KAS DARI AKTIVITAS OPERASI ACTIVITIES
Penerimaan pendapatan dari pengelolaan dana 5,376,907) 5,698,706) Receipts of income from fund management
Pembayaran bagi hasil dana syirkah temporer (507,241) (483,489)Payments of profit sharing for temporary syirkah funds
Penerimaan pendapatan administrasi 8,074) 4,990) Receipts of administrative income
Penerimaan dari piutang murabahah yang Receipts from recovery of written-off murabahah
dihapusbukukan 87,903) 104,244) receivables
Pembayaran beban tenaga kerja (1,422,317) (1,317,926) Payments of personnel expenses
Pembayaran beban usaha lainnya (2,162,258) (2,000,944) Payments of other operating expenses
Pembayaran terkait pendapatan (beban) non-operasional Payments related with non-operating income
- bersih (1,593) (1,990) (expenses) - net
Pembayaran pajak penghasilan badan (265,322) (419,613) Payments of corporate income tax
Arus kas sebelum perubahan dalam aset dan liabilitas Cash flows before changes in operating assets
operasi 1,114,153) 1,583,978) and liabilities
Perubahan dalam aset operasi, liabilitas operasi dan Changes in operating assets, operating liabilities
dana syirkah temporer: and temporary syirkah funds:
Penurunan (kenaikan) aset operasi: Decrease (increase) in operating assets:
Piutang murabahah 1,726,534) 96,010) Murabahah receivables
Pembiayaan musyarakah (510,898) 40,606) Musyarakah financing
Pinjaman qardh 466) 2,986) Funds of qardh
Aset lain-lain (22,091) (25,561) Other assets
Kenaikan (penurunan) liabilitas operasi: Increase (decrease) in operating liabilities:
Liabilitas segera (6,382) (9,083) Liabilities due immediately
Simpanan nasabah (96,916) 16,728) Deposits from customers
Liabilitas lain-lain (47,599) (12,102) Other liabilities
(Penurunan) kenaikan (Decrease) increase
dana syirkah temporer (321,084) 76,945) in temporary syirkah funds
Arus kas bersih diperoleh dari aktivitas Net cash flows provided from operating
operasi 1,836,183) 1,770,507) activities
ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIES
Hasil penjualan aset tetap 4,360) 2,394) Proceeds from sale of fixed assets
Pembelian aset tetap (81,062) (110,050) Purchase of fixed assets
Pembelian aset takberwujud (62,244) (100,053) Purchase of intangible assets
Pembelian surat berharga (7,595,904) (10,616,855) Purchase of marketable securities
Penjualan surat berharga 5,613,377) 9,974,731) Sale of marketable securities
Arus kas bersih digunakan untuk aktivitas
investasi (2,121,473) (849,833) Net cash flows used in investing activities
ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIES
Penerbitan surat berharga yang diterbitkan 200,000) -) Issuance of securities issued
Pembayaran dari pinjaman yang diterima -) (100,000) Payments from borrowings
Pembayaran dividen (525,231) (681,151) Payments of dividend
Pembayaran pajak dividen (15,166) (31,384) Payments of tax on dividend
Arus kas bersih digunakan untuk aktivitas
pendanaan (340,397) (812,535) Net cash flows used in financing activities
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INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
LAMPIRAN 4.2 APPENDIX 4.2
PT BANK BTPN SYARIAH Tbk
ENTITAS INDUK/PARENT ENTITY
LAPORAN ARUS KAS STATEMENTS OF CASH FLOWS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2024 2023
(PENURUNAN) KENAIKAN BERSIH KAS DAN NET (DECREASE) INCREASE IN CASH AND
SETARA KAS (625,687) 108,139) CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS AT
KAS DAN SETARA KAS PADA AWAL TAHUN 4,020,311) 3,912,172) BEGINNING OF THE YEAR
CASH AND CASH EQUIVALENTS AT
KAS DAN SETARA KAS PADA AKHIR TAHUN 3,394,624) 4,020,311) END OF THE YEAR
Kas dan setara kas terdiri dari: Cash and cash equivalents consist of:
Kas 592,911) 497,153) Cash
Giro pada Bank Indonesia 669,329) 663,443) )Current accounts with Bank Indonesia
Giro pada bank-bank lain 2,195) 4,715) Current accounts with other banks
Penempatan pada Bank Indonesia 1,000,000) 100,000) Placements with Bank Indonesia
Investasi pada surat berharga 1,130,189) 2,755,000) Investments in marketable securities
3,394,624) 4,020,311)
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INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
LAMPIRAN 5 APPENDIX 5
PT BANK BTPN SYARIAH Tbk
ENTITAS INDUK/PARENT ENTITY
LAPORAN REKONSILIASI STATEMENTS OF RECONCILIATION
PENDAPATAN DAN BAGI HASIL OF INCOME AND REVENUE SHARING
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2024 2023
Pendapatan pengelolaan dana oleh Bank Income from fund management by the Bank
sebagai mudharib as mudharib
Income from sales and purchases -
Pendapatan dari jual beli - marjin murabahah 4,816,480) 5,299,422) murabahah margin
Pendapatan dari piutang lainnya -) 182) Income from other receivables
Pendapatan dari bagi hasil - pembiayaan Revenue from profit sharing - musyarakah
musyarakah 13,330) 4,727) financing
Pendapatan usaha utama lainnya 556,228) 431,060) Other main operating income
5,386,038) 5,735,391)
Pengurang Deductions
Pendapatan tahun berjalan yang kas dan setara Current period income in which the cash and
kasnya belum diterima: cash equivalents were not received:
Pendapatan dari jual beli - Income from sales and purchases -
marjin murabahah (102,147) (164,890) murabahah margin
Pendapatan usaha utama lainnya (147,387) (75,512) Other main operating income
(249,534) (240,402)
Penambah Additions
Pendapatan tahun sebelumnya yang kasnya Prior period income in which the cash were
diterima pada tahun berjalan: received in the current year:
Penerimaan pelunasan piutang marjin Receipts from settlement of murabahah
murabahah 164,890) 138,773) margin receivables
Pendapatan keuntungan piutang lainnya -) 3) Income from profit other receivables
Pendapatan usaha utama lainnya 75,512) 64,941) Other main operating income
240,402) 203,717)
Pendapatan yang tersedia untuk bagi hasil 5,376,906) 5,698,706) Available income for revenue sharing
Bagi hasil yang menjadi hak Bank 4,872,791) 5,212,262) Bank’s share on revenue sharing
Bagi hasil yang menjadi hak pemilik dana 504,115) 486,444) Fund owners’ share on revenue sharing
Perincian: Details of:
Hak pemilik dana atas bagi hasil yang sudah Fund owners’ share on distributed revenue
didistribusikan 485,290) 464,493) sharing
Hak pemilik dana atas bagi hasil yang belum Fund owners’ share on undistributed revenue
didistribusikan 18,825) 21,951) sharing
504,115) 486,444)
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INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
LAMPIRAN 6 APPENDIX 6
PT BANK BTPN SYARIAH Tbk
ENTITAS INDUK/PARENT ENTITY
LAPORAN SUMBER DAN STATEMENTS OF
PENYALURAN DANA ZAKAT SOURCES AND DISTRIBUTION OF ZAKAT FUNDS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2024 2023
Saldo awal dana zakat -) -) Beginning balance of zakat funds
Sumber dana zakat Sources of zakat funds
Zakat dari bank -) -) Zakat from banks
Zakat dari pihak luar bank -) -) Zakat from non-bank parties
-) -)
Penyaluran dana zakat -) -) Distribution of zakat funds
Kenaikan dana zakat -) -) Increase in zakat funds
Saldo akhir dana zakat -) -) Ending balance of zakat funds
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INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
LAMPIRAN 7 APPENDIX 7
PT BANK BTPN SYARIAH Tbk
ENTITAS INDUK/PARENT ENTITY
LAPORAN SUMBER DAN PENGGUNAAN STATEMENTS OF SOURCES AND USES OF
DANA KEBAJIKAN QARDHUL HASAN FUNDS
TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2024 2023
Saldo awal dana kebajikan 3,409) 2,404) Beginning balance of qardhul hasan funds
Sumber dana kebajikan Sources of qardhul hasan funds
Infaq dan shadaqah 150) -) Infaq and shadaqah
Pendapatan non-halal 166) 1,323) Non-halal income
Denda 167) 52) Penalty
Jumlah 483) 1,375) Total
Penggunaan dana kebajikan (1,096) (370) Use of qardhul hasan funds
Penurunan sumber dana kebajikan (613) 1,005) Decrease in qardhul hasan funds
Saldo akhir dana kebajikan 2,796) 3,409) Ending balance of qardhul hasan funds
PT Bank BTPN Syariah Tbk
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625
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627
PT Bank BTPN Syariah Tbk
Page 629
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Page 630
629
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Page 631
PT Bank BTPN Syariah Tbk 630
Page 632
631
PT Bank BTPN Syariah Tbk
Page 633
Consolidated Financial
Statements of the Parent
Company
PT Bank BTPN Syariah Tbk
632
Page 634
633
PT Bank BTPN Syariah Tbk
Page 635
PT Bank BTPN Syariah Tbk 634
Page 636
635
PT Bank BTPN Syariah Tbk
Page 637
PT Bank BTPN Syariah Tbk
PT BANK SMBC INDONESIA Tbk
(DAHULU/FORMERLY PT BANK BTPN Tbk)
DAN ENTITAS ANAK/AND SUBSIDIARIES
636
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
TAHUN-TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Diatribusikan kepada pemilik entitas induk/Attributable to owners of the parent
Modal Transaksi
ditempatkan Cadangan dengan
dan disetor revaluasi kepentingan Saldo laba yang Saldo laba yang Kepentingan
penuh/ Tambahan aset tetap/ Lindung non-pengendali/ sudah ditentukan belum ditentukan Komponen non-
Issued and modal Reserve on Cadangan nilai nilai arus Transaction penggunaannya/ penggunaannya/ ekuitas Saham pengendali/
fully disetor/ revaluation wajar - bersih/ kas/ with non- Appropriated Unappropriated lainnya/ tresuri/ Non- Jumlah
Catatan/ paid-up Additional of fixed Fair value Cash flow controlling retained retained Other equity Treasury Jumlah/ controlling ekuitas/
Notes share capital paid-in capital assets reserve - net hedge interest earnings earnings components shares Total interest Total equity
Saldo tanggal 1 Januari 2024 162,982) 11,162,238) 954,224) 2,906) -) (24,267) 32,596) 26,369,641) 260,801) (254,695) 38,666,426) 2,616,678) 41,283,104) Balance as of 1 January 2024
Laba bersih tahun berjalan -) -) -) -) -) -) -) 2,812,986) -) -) 2,812,986) 403,254) 3,216,240) Net profit for the year
Penghasilan komprehensif lainnya, Other comprehensive income,
bersih setelah pajak: net of tax:
Lindung nilai arus kas -) -) -) -) 9,266 -) -) -) -) -) 9,266) 6,252) 15,518) Cash flow hedge
Perubahan nilai wajar atas aset Changes in fair value of financial
keuangan yang diukur pada assets measured at fair value
nilai wajar melalui through other comprehensive
penghasilan komprehensif lain 2l -) -) -) 9,740 -) -) -) -) -) -) 9,740) 58 9,798 income
Revaluasi dan penjualan Revaluation and sales of
aset tetap -) -) (13,709) -) -) -) -) 19,179) -) -) 5,470) 2,344 7,814 fixed assets
Pengukuran kembali liablitas Remeasurement of employee
imbalan kerja karyawan -) -) -) -) -) -) -) 31,128) -) 31,128) 10,498 41,626 benefits liabilities
Jumlah laba komprehensif selama Total comprehensive
tahun berjalan -) -) (13,709) 9,740 9,266 -) -) 2,863,293) -) -) 2,868,590) 422,406 3,290,996 income during the year
Addition of appropriated retained
Penambahan cadangan wajib 30 -) -) -) -) -) -) 10,357) (10,357) -) -) -) - - earnings
Pembayaran dividen 30 -) -) -) -) -) -) -) (471,667) -) -) (471,667) (212,316) (683,983) Dividend payment
Akuisisi Entitas Anak -) -) -) -) -) -) -) -) -) -) -) 4,151,860 4,151,860 Acquisition of Subsidiaries
Right issues 1c 51,783) 6,651,061) -) -) -) -) -) -) -) -) 6,702,844) - 6,702,844 Right issues
Penarikan saham tresuri 1c (1,846) (252,849) -) -) -) -) -) -) -) 254,695 -) - - Withdrawal of treasury shares
Pembayaran kompensasi dari Payments of compensation from
saham tresuri 1c,2ac treasury shares
Entitas Anak -) 1,181) -) -) -) -) -) -) -) -) 1,181) 37 1,218 Subsidiary
Saldo tanggal 31 Desember 2024 212,919) 17,561,631) 940,515) 12,646 9,266 (24,267) 42,953) 28,750,910) 260,801 -) 47,767,374) 6,978,665 54,746,039 Balance as of 31 December 2024
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak The accompanying notes to the consolidated financial statements form an
terpisahkan dari laporan keuangan konsolidasian secara keseluruhan integral part of these consolidated financial statements
Page 638
PT Bank BTPN Syariah Tbk
PT BANK SMBC INDONESIA Tbk
(DAHULU/FORMERLY PT BANK BTPN Tbk)
DAN ENTITAS ANAK/AND SUBSIDIARIES
637
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
TAHUN-TAHUN BERAKHIR 31 DESEMBER 2024 DAN 2023 YEARS ENDED 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Diatribusikan kepada pemilik entitas induk/Attributable to owners of the parent
Modal
ditempatkan Cadangan Transaksi
dan disetor revaluasi dengan Saldo laba yang Saldo laba yang Kepentingan
penuh/ Tambahan aset tetap/ kepentingan sudah ditentukan belum ditentukan Komponen non-
Issued and modal Reserve on Cadangan nilai non-pengendali/ penggunaannya/ penggunaannya/ ekuitas Saham pengendali/
fully disetor/ revaluation wajar - bersih/ Transaction with Appropriated Unappropriated lainnya/ tresuri/ Non- Jumlah
Catatan/ paid-up Additional of fixed Fair value non-controlling retained retained Other equity Treasury Jumlah/ controlling ekuitas/
Notes share capital paid-in capital assets reserve - net interest earnings earnings components shares Total interest Total equity
Saldo tanggal 1 Januari 2023 162,982 11,160,647 874,452 (7,704) (24,267) 32,596) 24,702,316) 260,801 (255,147) 36,906,676) 2,506,348) 39,413,024) Balance as of 1 January 2023
Laba bersih tahun berjalan - - - -) - - 2,358,334) -) -) 2,358,334) 324,150) 2,682,484) Net profit for the year
Penghasilan komprehensif lainnya, Other comprehensive income,
bersih setelah pajak: net of tax:
Perubahan nilai wajar atas aset Changes in fair value of financial assets
keuangan yang diukur pada nilai measured at fair value
wajar melalui penghasilan through other comprehensive
komprehensif lain 2l -) -) -) 10,610) -) -) -) -) -) 10,610) 24) 10,634) income
Keuntungan revaluasi aset tetap 2r,16 -) -) 79,772) -) -) -) -) -) -) 79,772) -) 79,772) Gain on revaluation of fixed assets
Pengukuran kembali liablitas imbalan Remeasurement of employee
kerja karyawan -) -) -) -) -) -) (71,869) -) -) (71,869) (189) (72,058) benefits liabilities
Jumlah laba komprehensif selama Total comprehensive
tahun berjalan -) -) 79,772) 10,610) -) -) 2,286,465) -) -) 2,376,847) 323,985) 2,700,832) income during the year
Pembayaran dividen 30 -) -) -) -) -) -) (619,140) -) -) (619,140) (213,720) (832,860) Dividend payment
Penjualan saham tresuri ke publik -) 21) -) -) -) -) -) -) 452) 473) -) 473) Sales of treasury shares to public
Pembayaran kompensasi dari saham Payments of compensation from treasury
tresuri 1c,2ac shares
Entitas Anak -) 1,570) -) -) -) -) -) -) -) 1,570) 65) 1,635) Subsidiary
Saldo tanggal 31 Desember 2023 162,982) 11,162,238) 954,224) 2,906) (24,267) 32,596) 26,369,641) 260,801) (254,695) 38,666,426 2,616,678) 41,283,104) Balance as of 31 December 2023
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak The accompanying notes to the consolidated financial statements form an
terpisahkan dari laporan keuangan konsolidasian secara keseluruhan integral part of these consolidated financial statements
Page 639
Reference
SEOJK
description pages
format of the annual report
The Annual Report is presented in the form of a printed document and an electronic document
copy.
The Annual Report presented in the form of a printed document is printed on high-quality, light-
colored A4-sized paper, bound, and can be reproduced in good quality.
The Annual Report presented in the form of an electronic document copy is the Annual Report
converted into PDF format.
content of the annual report
The Annual Report must at a minimum include information on:
1. Summary of key financial data; 20-23
2. Share information (if applicable); 24-29
3. Board of Directors report; 45-51
4. Board of Commissioners report; 39-43
5. Issuer or Public Company profile; 58-129
6. Management’s Analysis and Discussion; 130-241
7. corporate governance of the Issuer or Public Company; 242-497
8. social and environmental responsibility of the Issuer or Public Company; 498-507
9. audited annual financial statements; and 508-631
10. statement letter from the members of the Board of Directors and the Board of
56-57
Commissioners regarding their responsibility for the Annual Report.
description of the contents of the annual report
Summary of Key Financial Data
The Summary of Key Financial Data contains financial information presented in a comparative format over
the past 3 (three) financial years, or since the start of its operations if the Issuer or Public Company has been
operating for less than 3 (three) years, and must at a minimum include:
1. revenue/sales; 20
2. gross profit; 20
3. profit (loss); 20
4. the amount of profit (loss) attributable to the owners of the parent entity and non-
x
controlling interests;
PT Bank BTPN Syariah Tbk
5. total comprehensive income (loss); 20
6. the amount of total comprehensive income (loss) attributable to the owners of the parent
x
entity and non-controlling interests;
7. earnings (loss) per share; 20
8. total assets; 20
9. total liabilities; 20
638
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annual report 2024 | financial report
description pages
10. total equity; 20
11. profit (loss) to total assets ratio; 22
12. profit (loss) to equity ratio; 22
13. profit (loss) to revenue/sales ratio; 22
14. current ratio; N/A
15. liabilities to equity ratio; 22
16. liabilities to total assets ratio; 22
17. other relevant financial information and ratios related to the Issuer or Public Company and its
23
industry type
For a Public Company, the information on shares must at least include:
1. the shares issued for each quarter presented in a comparative format over the last 2 (two) financial years,
must at least include:
a. the number of shares outstanding; 24
b. market capitalization based on the price on the stock exchange where the shares are listed; 25
c. the highest, lowest, and closing stock prices based on the prices on the stock exchange
24
where the shares are listed; and
d. the trading volume on the stock exchange where the shares are listed. 25
The information in letters b), c), and d) is only disclosed if the shares are listed on a stock
exchange;
2. in the case of a corporate action that results in changes to the shares, such as a stock split, reverse stock split,
stock dividends, bonus shares, changes in nominal value of shares, issuance of convertible securities, as well as
capital increases and decreases, the share information as referred to in point 1 (one) must include at least an
explanation regarding:
a. the date of the corporate action 30
b. the ratio of stock split, reverse stock split, stock dividends, bonus shares, the number of
30
convertible securities issued, and changes in the nominal value of shares;
c. the number of shares outstanding before and after the corporate action; 30
d. the number of convertible securities (if any); and N/A
e. the stock price before and after the corporate action; 30
3. in the case of a temporary suspension of stock trading and/or delisting of the stock during
the financial year, the reasons should be explained emporary suspension of stock trading 25
(suspension) and/or delisting; and
4. in the case that the temporary suspension of stock trading (suspension) as referred to in
point 3) and/or the delisting process is still ongoing until the end of the Annual Report period,
25
the actions taken to resolve the temporary suspension of stock trading (suspension) and/or
delisting should be explained
Board of Directors Report
PT Bank BTPN Syariah Tbk
The Board of Directors’ Report must at least include a brief description of the following:
1. The performance of the Issuer or Public Company, which must at least include:
a. the strategies and strategic policies of the Issuer or Public Company; 47-48
b. the role of the Board of Directors in formulating the strategies and strategic policies of the
49
Issuer or Public Company;
639
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description pages
c. the process carried out by the Board of Directors to ensure the implementation of the
49
strategies of the Issuer or Public Company;
d. a comparison between the results achieved and the targets set by the Issuer or Public
49
Company; and
e. the challenges faced by the Issuer or Public Company; 48
2. an overview of the business prospects of the Issuer or Public Company; and 49-50
3. the implementation of governance by the Issuer or Public Company. 50
Board of Commissioners Report
The Board of Commissioners’ report must at least include a brief description of:
1. an assessment of the Board of Directors’ performance in managing the Issuer or Public
Company, including the Board of Commissioners’ oversight in the formulation and 41
implementation;
2. the outlook on the business prospects of the Issuer or Public Company prepared by the Board
42
of Directors; and
3. an opinion on the implementation of governance by the Issuer or Public Company. 42-43
profile of the issuer or public company
The profile of the Issuer or Public Company must at least include the following information:
1. the name of the Issuer or Public Company, including any changes to the name, the reason for
60
the change, and the effective date of the name change during the financial year;
2. access to the Issuer or Public Company, including branch offices or representative offices,
that allows the public to obtain information about the Issuer or Public Company, including:
a. address; 60
b. phone number; 60
c. email address; and 60
d. website address 127
3. a brief history of the Issuer or Public Company; 66, 74-75
4. vision and mission of the Issuer or Public Company, as well as the corporate culture. or
70-71
corporate values;
5. business activities according to the latest articles of association, the business activities
60, 72-73
conducted during the financial year, and the types of goods and/or services produced;
6. the operational areas of the Issuer or Public Company; operational areas refer to the regions
or areas where the operational activities are carried out or the scope of the company’s 65, 505-506
operational activities.
7. The organizational structure of the Issuer or Public Company in the form of a chart, at
least up to one level below the Board of Directors, including committees under the Board of
76-77
Directors (if any) and committees under the Board of Commissioners, along with names and
positions;
8. A list of memberships in industry associations, both at the national and international levels,
65, 78-79
related to the implementation of sustainable finance;
PT Bank BTPN Syariah Tbk
9. profile of the Board of Directors, at least includes:
a. name and position; 86-92
b. the most recent photo; 86-92
c. age; 86-92
d. nationality; 86-92
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e. educational background and/or certifications; 86-92
f. employment history, including information on:
i. the legal basis for the appointment as a member of the Board of Directors of the
relevant Issuer or Public Company;
ii. concurrent positions held, whether as a member of the Board of Directors, a member
of the Board of Commissioners, and/or a member of a committee, as well as other 86-92
positions both inside and outside the Issuer or Public Company. If a member of the
Board of Directors does not hold concurrent positions, this should be disclosed; and
iii. work experience along with the duration, both within and outside the Issuer or Public
Company;
g. affiliated relationships with other members of the Board of Directors, members of the
Board of Commissioners, major shareholders, and controllers, both direct and indirect,
up to individual owners, including the names of the affiliated parties. If a member of the 86-92
Board of Directors has no affiliated relationships, the Issuer or Public Company must
disclose this; and
h. changes in the composition of the Board of Directors and the reasons for such changes. If
348
there are no changes in the composition of the Board of Directors, this should be disclosed;
10. profile of the Board of Commissioners, at least includes: 80-85
a. name and position; 80-85
b. the most recent photo; 80-85
c. age; 80-85
d. nationality; 80-85
e. educational background and/or certifications; 80-85
f. employment history, including information on:
i. the legal basis for the appointment as a member of the Board of Commissioners;
ii. the legal basis for the initial appointment as a member of the Board of Commissioners,
who is an independent commissioner, at the relevant issuer or public company;
iii. concurrent positions, both as members of the Board of Commissioners, members of
80-85
the Board of Directors, and/or members of committees, as well as other positions
both within and outside the Issuer or Public Company. If a member of the Board of
Commissioners does not hold any concurrent positions, this should be disclosed; and
iv. work experience along with the time periods, both within and outside the Issuer or Public
Company;
g. affiliation relationships with other members of the Board of Commissioners, major
shareholders, and controllers, both directly and indirectly up to individual owners, including
80-85
the names of the affiliated parties. If a member of the Board of Commissioners has no
affiliation, the Issuer or Public Company shall disclose this;
h. statement of independence of the independent commissioner if the independent
316
commissioner has served more than 2 (two) terms; and
i. changes in the composition of the Board of Commissioners and the reasons for the
changes. If there are no changes in the composition of the Board of Commissioners, this 315
should be disclosed;
11. in the case of changes in the composition of the Board of Directors and/or the Board of
Commissioners occurring after the end of the financial year until the submission deadline
315-316
of the Annual Report, the composition listed in the Annual Report should include both the
348
most recent and the previous composition of the Board of Directors and/or the Board of
Commissioners;
PT Bank BTPN Syariah Tbk
12. the number of employees by gender, position, age, education level, and employment status
(permanent/contract) during the financial year; The disclosure of this information may be 108-109
presented in a table format.
13. the names of shareholders and the percentage of ownership at the beginning and end of the
financial year, consisting of information about:
a. shareholders who own 5% (five percent) or more of the shares of the Issuer or Public
111
Company;
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description pages
b. members of the Board of Directors and members of the Board of Commissioners who own
shares in the Issuer or Public Company. If none of the members of the Board of Directors 115
and/or Board of Commissioners own shares, this should be disclosed; and
c. the group of public shareholders, which refers to shareholders who each own less than 5%
110
(five percent) of the shares of the Issuer or Public Company;
14. the percentage of indirect ownership of shares in the Issuer or Public Company by members
of the Board of Directors and the Board of Commissioners at the beginning and end of
the financial year, including information regarding shareholders listed in the shareholder
113
register for indirect ownership by members of the Board of Directors and the Board of
Commissioners. If none of the Board of Directors and/or the Board of Commissioners hold
any indirect ownership in the Issuer or Public Company, this should be disclosed.
15. the number of shareholders and the percentage of ownership as of the end of the financial
year based on the classification:
a. local institutional ownership; 114
b. foreign institutional ownership; 114
c. local individual ownership; and 114
d. foreign individual ownership; 114
16. information regarding the main shareholders and controllers of the Issuer or Public Company,
both direct and indirect, up to the individual owners, presented in the form of a diagram or 110
chart;
17. the names of subsidiaries, associated companies, joint venture companies where the Issuer or
Public Company has joint control over the entity (if any), along with the percentage of share
ownership, business field, total assets, and operational status of the subsidiary, associated 68
company, or joint venture company; For subsidiaries, additional information regarding the
address of the subsidiary is provided.
18. the chronology of the stock listing, the number of shares, nominal value, and offering price
from the initial listing until the end of the fiscal year, as well as the name of the stock
exchange where the Issuer or Public Company’s shares are listed, including stock splits, 117-125
reverse stock splits, stock dividends, bonus shares, changes in nominal value of shares, the
implementation of convertible securities, and capital increases or reductions (if any);
19. information on other securities listings, other than the securities referred to in point 18), that
have not matured in the financial year, which at a minimum includes the name of the security,
125
year of issuance, interest rate/yield, maturity date, offering value, and the rating of the
security (if any);
20. information on the use of public accountant (PA) services and public accounting firm (KAP)
services, including their networks/associations/alliances, covering:
a. name and address; 126
b. assignment period; 126
c. information on audit and/or non-audit services provided; 126
d. audit and/or non-audit service fees for each assignment provided during the financial year;
126
and
e. If the case of AP and KAP, along with their network/associates/alliances, appointed do not
126
provide non-audit services, this information should be disclosed; and
PT Bank BTPN Syariah Tbk
21. the name and address of institutions and/or professions supporting the capital market, other
126
than AP and KAP.
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management analysis and discussion
The Management Analysis and Discussion contains an analysis and discussion of the financial
statements and other important information, with an emphasis on material changes that
occurred during the financial year, which at a minimum includes:
1. an operational review by business segment according to the type of industry of the Issuer or
Public Company, at a minimum covering:
a. production, including processes, capacity, and developments;
148-150
b. revenue/sales; and
c. profitability;
2. comprehensive financial performance, which includes a comparison of financial performance
over the last 2 (two) financial years, an explanation of the causes of changes and the impact
of those changes, at a minimum covering:
a. current assets, non-current assets, and total assets; 148
b. current liabilities, non-current liabilities, and total liabilities. 148
c. equity 149
d. revenue/sales, expenses, profit (loss), other comprehensive income, and total
149
comprehensive profit (loss); and
e. cash flow; 150
3. the ability to pay debts or obligations by presenting relevant ratio calculations; 151
4. the collectibility level of the receivables of the Issuer or Public Company by presenting relevant
151
ratio calculations;
5. capital structure and management’s policy on the capital structure, along with the basis for
151
determining the policy.
6. a discussion on material commitments for capital expenditures, including an explanation that
at least covers:
a. the purpose of the commitment;
b. the source of funds expected to fulfill the commitment; 152
c. the currency in which the denomination is made; and
d. Planned steps by the Issuer or Public Company to mitigate risks related to foreign currency
positions.
7. a discussion on capital expenditures realized during the last financial year, which should at
least include:
a. the type of capital expenditure 151
b. the purpose of the capital expenditure; and
c. the value of capital expenditures incurred;
8. information and material facts that occurred after the accountant’s report date (if any); 153
PT Bank BTPN Syariah Tbk
9. the business prospects of the Issuer or Public Company in relation to the industry conditions,
the general economy, and international markets, accompanied by quantitative supporting 153
data from reliable sources.
10. a comparison between the target/projection at the beginning of the financial year and the
achieved results (actual performance), regarding:
a. revenue/sales; 153
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description pages
b. profit (loss); 153
c. capital structure; or 153
d. other matters considered important for the Issuer or Public Company. 153
11. targets/projections that the Issuer or Public Company aims to achieve for the next 1 (one)
153-154
year, regarding:
a. revenue/sales; 156
b. profit (loss); 156
c. capital structure; 156
d. dividend policy; or N/A
e. other matters considered important for the Issuer or Public Company. 156
12. marketing aspects of the Issuer or Public Company’s goods and/or services, at least covering
158
marketing strategies and market share;
13. a description of dividends for the last 2 (two) financial years, at a minimum covering:
a. dividend policy, including information on the percentage of the total dividend distributed
30
relative to net profit;
b. the date of cash dividend payment and/or the date of distribution of non-cash dividends; 31
c. the amount of dividend per share (cash and/or non-cash); and 30
d. total amount of dividends paid per year; 30, 123-125
the disclosure of information can be presented in the form of a table. If the Issuer or Public
Company has not distributed dividends in the last 2 (two) financial years, this should be
disclosed.
14. the realization of the use of proceeds from the public offering, with the following provisions:
a. if during the financial year, the Issuer is obligated to submit a report on the realization of
fund usage, the cumulative realization of the use of proceeds from the public offering up to
the end of the financial year shall be disclosed; and 152
b. if there is a change in the use of proceeds as regulated in the Financial Services Authority
regulations regarding the report on the realization of the use of proceeds from the public
offering, the Issuer shall explain the changes;
15. material information (if any), including information on investments, expansion, divestitures,
mergers/business consolidations, acquisitions, debt/equity restructuring, material
transactions, affiliate transactions, and conflict of interest transactions that occurred during
the financial year, at a minimum including:
a. date, value, and object of the transaction;
153
b. name of the parties involved in the transaction;
c. nature of the affiliation (if any);
d. explanation regarding the fairness of the transaction;
e. compliance with the relevant regulations; and
PT Bank BTPN Syariah Tbk
f. in the case of an affiliate relationship, in addition to disclosing the information as referred
to in points (a) to (e), the issuer or public company must also disclose the following
information:
i. A statement from the Board of Directors confirming that the affiliate transaction
has gone through adequate procedures to ensure that the transaction is conducted in
accordance with generally accepted business practices, including compliance with the 480
arms-length principle; and
ii. The role of the Board of Commissioners and the audit committee in conducting
adequate procedures to ensure that the affiliate transaction is carried out in accordance
with generally accepted business practices, including compliance with the arms-length
principle;
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g. for affiliate transactions or material transactions that are business activities conducted to
generate operating income and are carried out routinely, repeatedly, and/or continuously,
an additional explanation should be provided stating that the affiliate transaction or
material transaction is a business activity carried out to generate operating income and is
480
conducted routinely, repeatedly, and/or continuously.
If the aforementioned affiliate or material transactions have been disclosed in the annual
financial statements, additional information should be included referring to the disclosure
in those financial statements.
h. for the disclosure of affiliate transactions and/or conflicts of interest transactions resulting
from the implementation of affiliate transactions and/or conflicts of interest transactions
that have been approved by independent shareholders, additional information should be 480
provided regarding the date of the GMS that approved the affiliate transactions and/or
conflicts of interest transactions;
i. If there are no affiliate transactions and/or conflicts of interest transactions, this should be
480
disclosed;
16. changes in laws and regulations that significantly impact the Issuer or Public Company and
153
their impact on the financial statements (if any); and
17. changes in accounting policies, the reasons for the changes, and their impact on the financial
153
statements (if any).
corporate governance of the issuer or public company
Corporate governance of the Issuer or Public Company should at least include a brief description of
the following:
1. The GMS should at least include the following:
a. Information regarding the GMS resolutions during the financial year and the year prior to
the financial year, including:
i. The GMS resolutions during the financial year and the year prior to the financial year 289, 298
that were implemented in the financial year; and N/A
ii. The GMS resolutions during the financial year and the year prior to the financial year
that have not been implemented, along with the reasons for their non-implementation.
b. If the Issuer or Public Company uses an independent party to conduct a vote count during
284
the GMS, this should be disclosed;
2. The Board of Directors, at least should include:
a. The duties and responsibilities of each member of the Board of Directors;
Information regarding the duties and responsibilities of each member of the Board of 350-351
Directors is explained and may be presented in the form of a table.
b. a statement that the Board of Directors has a set of guidelines or a charter; 341
c. the policies and implementation of the frequency of Board of Directors meetings, joint
meetings of the Board of Directors and Board of Commissioners, and the attendance rate
of Board members at these meetings, including attendance at the Annual General Meeting
327-331
of Shareholders (AGMS); Information on the attendance rate of Board members at Board
meetings, joint meetings of the Board of Directors and Board of Commissioners, or the
AGMS may be presented in the form of a table.
d. training and/or competency development of Board members:
i. Policies on training and/or competency development for Board members, including
orientation programs for newly appointed members (if any); and 390-392
ii. Training and/or competency development participated in by Board members during the
fiscal year (if any).
PT Bank BTPN Syariah Tbk
e. The Board of Directors’ assessment of the performance of committees supporting the
execution of the Board’s duties during the fiscal year should at least
i. Performance assessment procedures; and 364
ii. The criteria used, such as performance achievements during the fiscal year,
competencies, and attendance at meetings; and
f. in the case that the Issuer or Public Company does not have a committee supporting the
N/A
execution of the Board of Directors’ duties, this should be disclosed.
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3. The Board of Commissioners, at least should include:
a. the duties and responsibilities of the Board of Commissioners; 310
b. a statement that the Board of Commissioners has a set of guidelines or a charter; 308
c. The Board of Commissioners together with the Board of Directors and the attendance
rate of Board members at these meetings, including attendance at the GMS; Information
on the attendance rate of Board members at Board of Commissioners meetings, joint 324-330
meetings of the Board of Commissioners and Board of Directors, or the GMS may be
presented in the form of a table.
d. Training and/or competency development of Board of Commissioners members: Policies
on training and/or competency development for Board of Commissioners members,
including orientation programs for newly appointed members (if any); and Training and/or 390-392
competency development participated in by Board of Commissioners members during the
financial year (if any).
e. the performance assessment of the Board of Directors and the Board of Commissioners,
as well as each member of the Board of Directors and the Board of Commissioners, should
at least include:
i. Procedures for conducting the performance assessment; 331
ii. The criteria used, such as performance achievements during the fiscal year,
competencies, and attendance at meetings; and
iii. The party responsible for conducting the assessment; and
f. the Board of Commissioners’ assessment of the performance of committees supporting
the execution of the Board of Commissioners’ duties during the financial year includes:
i. Performance assessment procedures; and 331
ii. The criteria used, such as performance achievements during the financial year,
competencies, and attendance at meetings;
4. The nomination and remuneration of the Board of Directors and the Board of Commissioners
should at least include:
a. nomination procedures, including a brief description of the policies and process for
nominating members of the Board of Directors and/or members of the Board of 394-395
Commissioners; and
b. procedures and implementation of remuneration for the Board of Directors and the Board
of Commissioners, including:
i. Procedures for determining the remuneration of the Board of Directors and the Board
of Commissioners; 394,
ii. The remuneration structure for the Board of Directors and the Board of Commissioners, 396-397
such as salaries, allowances, bonuses, and others; and 398
iii. The amount of remuneration for each member of the Board of Directors and the Board
of Commissioners; The disclosure of information may be presented in the form of a
table.
5. The Sharia Supervisory Board, for Issuers or Public Companies conducting business activities
based on Sharia principles as outlined in the articles of association, should at least include:
a. name; 94, 378
b. legal basis for the appointment of the Sharia Supervisory Board 376
c. term of assignment of the Sharia Supervisory Board; 380
d. duties and responsibilities of the Sharia Supervisory Board; and 376
e. frequency and methods of providing advice and recommendations, as well as monitoring
382-383
PT Bank BTPN Syariah Tbk
the adherence to Sharia principles in the capital markets by the Issuer or Public Company;
6. The Audit Committee should at least include:
a. names and positions of the members within the committee; 82, 98-99
b. age; 82, 98-99
c. nationality; 82, 98-99
d. educational background; 82, 98-99
646
Page 648
annual report 2024 | financial report
description pages
e. Career history, including information on:
i. legal basis for the appointment as a committee member;
ii. concurrent positions, whether as a member of the Board of Commissioners, a member
of the Board of Directors, and/or a committee member, as well as other positions (if 82, 98-99
any); and
iii. work experience along with the duration, both within and outside the Issuer or Public
Company;
f. term and tenure of the Audit Committee members; 82, 98-99
g. statement of independence of the Audit Committee; 402
h. training and/or competency development participated in during the financial year (if any); 392-393
i. policies and implementation of the frequency of Audit Committee meetings and the
407-409
attendance rate of Audit Committee members at these meetings; and
j. the implementation of the Audit Committee’s activities during the financial year in
408-410
accordance with what is outlined in the Audit Committee’s guidelines or charter;
7. the nomination and remuneration committee or function of the Issuer or Public Company
should at least include:
a. names and positions of the members within the committee; 412
82,84,
b. age;
85,101
82,84,
c. nationality;
85,101
82,84,
d. educational background;
85,101
e. career history, including information on:
i. Legal basis for appointment as a committee member;
ii. Concurrent position, including positions as a member of the Board of Commissioners,
82,84,
member of the Board of Directors, and/or committee member, as well as any other
85,101
positions held (if applicable);
iii. Work experience along with its duration, both within and outside the Issuer or Public
Company.
f. term and tenure of the committee members; 414
g. statement of independence of the committee; 411
h. training and/or competency development participated in during the financial year (if any); 392-393
i. description of duties and responsibilities; 413-414
j. a statement that a set of guidelines or a charter has been established. 410
k. policies and implementation of the meeting frequency and the attendance rate of
414, 423-424
members at these meetings;
l. brief description of the activities conducted during the financial year; and 415-416
m. in the case that a nomination and remuneration committee is not established, the Issuer or
Public Company only needs to disclose the information as referred to in items i) through l)
and disclose: N/A
i. The reasons for not establishing the committee; and
ii. The party responsible for carrying out the nomination and remuneration functions;
PT Bank BTPN Syariah Tbk
8. other committees owned by the Issuer or Public Company to support the functions and duties
of the Board of Directors (if any) and/or committees that support the functions and duties of
the Board of Commissioners, should at least include:
403, 412,
418,422, 429,
a. names and positions of the members within the committee;
431, 433, 435,
436, 438
647
Page 649
description pages
b. age; 82-103
c. nationality; 82-103
d. educational background; 82-103
e. career history, including information on:
i. legal basis for the appointment as a committee member;
ii. concurrent positions, whether as a member of the Board of Commissioners, a member
of the Board of Directors, and/or a committee member, as well as other positions (if 82-103
any); and
iii. work experience along with the duration, both within and outside the Issuer or Public
Company;
f. term and tenure of the committee members; 407, 414, 420
g. statement of independence of the committee; 402, 411, 417
h. training and/or competency development participated in during the financial year (if any); 390-392
419, 421, 430,
i. description of duties and responsibilities; 432,434, 436,
438, 440, 441
416, 418, 427,
j. a statement that a set of guidelines or a charter has been established. 429, 431, 433,
435, 437, 438
k. policies and implementation of the meeting frequency and the attendance rate of
420, 423
members at these meetings;
430, 432, 434,
l. brief description of the committee’s activities during the financial year;
435, 439, 441
9. Corporate Secretary should at least include:
a. name; 444
b. residence; 443
c. career history, including:
i. legal basis for the appointment as a committee member;
443
ii. work experience along with the duration, both within and outside the Issuer or Public
Company;
d. educational background; 443
e. training and/or competency development participated in during the financial year; and 449
f. brief description of the implementation of the Corporate Secretary’s duties during the
444-448
financial year;
10. Internal Audit Unit should at least include:
a. name of the head of the Internal Audit Unit; 463
b. career history, including:
i. legal basis for the appointment as the head of the Internal Audit Unit; and
463
ii. work experience along with the duration, both within and outside the Issuer or Public
Company;
c. qualifications or certification as an internal audit professional (if any); 463
PT Bank BTPN Syariah Tbk
d. training and/or competency development participated in during the financial year; and 465-466
e. structure and position of the Internal Audit Unit; 462
f. description of duties and responsibilities; 464
g. a statement that a set of guidelines or a charter for the Internal Audit Unit has been
462
established; and
648
Page 650
annual report 2024 | financial report
description pages
h. a brief description of the implementation of the Internal Audit Unit’s duties during the
financial year, including policies and the implementation of the meeting frequency with the 467
Board of Directors, the Board of Commissioners, and/or the Audit Committee;
11. a description of the internal control system implemented by the Issuer or Public Company,
which should at least include:
a. financial and operational controls, as well as compliance with other regulations and
471
legislation;
b. an overview of the effectiveness of the internal control system; and 473
c. statement from the Board of Directors and/or the Board of Commissioners regarding the
473
adequacy of the internal control system;
12. the risk management system implemented by the Issuer or Public Company, which should at
least include:
a. an overview of the risk management system of the Issuer or Public Company; 168
b. types of risks and how they are managed; 170-239
c. overview of the effectiveness of the risk management system of the Issuer or Public
170-239
Company; and
d. statement from the Board of Directors and/or the Board of Commissioners or the Audit
473
Committee regarding the adequacy of the risk management system;
13. material legal issues faced by the Issuer or Public Company, its subsidiaries, members of the
Board of Directors, and members of the Board of Commissioners (if any), which should at
least include:
484
a. main issues of the case/lawsuit;
b. status of the resolution of the case/lawsuit; and
c. its impact on the condition of the Issuer or Public Company;
14. information about administrative sanctions/penalties imposed on the Issuer or Public
Company, members of the Board of Commissioners, and members of the Board of Directors 484
by the Financial Services Authority and other authorities during the financial year (if any);
15. information about the code of ethics of the Issuer or Public Company, including:
a. key points of the code of ethics; 485
b. form of dissemination of the code of ethics and efforts to uphold it; 485
c. statement that the code of ethics applies to the members of the Board of Directors,
485
members of the Board of Commissioners, and employees of the Issuer or Public Company;
16. brief description of the policy for providing long-term performance-based compensation to
management and/or employees of the Issuer or Public Company (if any), which may include
management stock ownership programs (MSOP) and/or employee stock ownership programs
487
(ESOP); In the case of compensation through management stock ownership programs
(MSOP) and/or employee stock ownership programs (ESOP), the disclosed information
should at least include:
a. number of shares and/or options; 487
PT Bank BTPN Syariah Tbk
b. implementation period; 487
c. eligibility requirements for employees and/or management; and 487
d. exercise price or the determination of the exercise price; 487
17. brief description of the information disclosure policy regarding:
649
Page 651
description pages
a. share ownership of the members of the Board of Directors and the Board of
Commissioners, no later than 3 (three) working days after the occurrence of the ownership 115
or any changes in the ownership of the shares of the Public Company; and
b. implementation of the aforementioned policy; 115
18. description of the whistleblowing system in the Issuer or Public Company, at least includes:
a. method of reporting violations; 488-489
b. protection for whistleblowers; 488
c. handling of complaints; 489
d. the party responsible for managing complaints; and 489
e. the results of handling complaints, at a minimum, include:
i. the number of complaints received and processed during the financial year; and
ii. the follow-up actions taken on the complaints. 489
iii. If the issuer or public company does not have a whistleblowing system, this should be
disclosed.
19. description of the anti-corruption policy of the issuer or public company at least includes:
a. programs and procedures implemented to address corruption, kickbacks, fraud, bribery,
490
and/or gratuities within the issuer or public company; and
b. anti-corruption training/dissemination for the employees of the issuer or public company; 490
if the issuer or public company does not have an anti-corruption policy, the reasons for not having
such a policy should be explained.
20. implementation of the Corporate Governance Guidelines for Issuers that issue equity
securities or public companies, including:
a. statement regarding the recommendations that have been implemented; and/or 277-283
b. explanation of the recommendations that have not been implemented, along with the
277-283
reasons and alternative implementation plans (if any).
social and environmental responsibility of the issuer or public company
1. The information disclosed in the social and environmental responsibility section is part of the
Sustainability Report as referred to in the Financial Services Authority Regulation No. 51/
POJK.03/2017 regarding the Implementation of Sustainable Finance for Financial Services
Institutions, Issuers, and Public Companies, and at a minimum includes:
a. explanation of sustainability strategy;
b. summary of sustainability aspects (economic, social, and environmental); 500-501,
for more
c. brief profile of the issuer or public company; details
refer to the
d. explanation from the Board of Directors; Sustainability
Report
e. sustainability governance; presented
separately
f. sustainability performance;
g. written verification from an independent party, if applicable;
PT Bank BTPN Syariah Tbk
h. feedback form for readers, if applicable; and
i. the issuer’s or public company’s response to feedback from the previous year’s report
650
Page 652
annual report 2024 | financial report
description pages
2. The Sustainability Report as referred to in point 1) must be prepared in accordance with the
Technical Guidelines for Preparing the Sustainability Report for Issuers and Public Companies
as outlined in Annex II, which is an integral part of this Financial Services Authority Circular
Letter;
3. the information in the Sustainability Report as referred to in point 1) may:
a. disclosed in other relevant sections outside the social and environmental responsibility
section, such as the explanation from the Board of Directors regarding the Sustainability 500-501
Report, which is disclosed in the related section of the Directors’ Report; and/or
b. referring to other sections outside the social and environmental responsibility section while
still adhering to the Technical Guidelines for the Preparation of the Sustainability Report
for Issuers and Public Companies as outlined in Appendix II, which is an integral part of this
Financial Services Authority Circular, such as the profile of the Issuer or Public Company;
4. The Sustainability Report as referred to in point 1) is an integral part of the Annual Report but
501
may be presented separately from the Annual Report;
5. If the Sustainability Report is presented separately from the Annual Report, the information
disclosed in the Sustainability Report must:
a. include all the information referred to in point 1); and 500-501
b. If the Sustainability Report is presented separately from the Annual Report, the social
and environmental responsibility section must include information stating that the details
500-501
regarding social and environmental responsibility have been disclosed in the Sustainability
Report, which is presented separately from the Annual Report; and
6. If the Sustainability Report is presented separately from the Annual Report, the social
and environmental responsibility section must include information stating that the details
501
regarding social and environmental responsibility have been disclosed in the Sustainability
Report, which is presented separately from the Annual Report; and
7. The Sustainability Report, which is presented separately from the Annual Report, must be
501
submitted together with the submission of the Annual Report.
The annual financial statements included in the Annual Report are prepared in accordance with
the financial accounting standards in Indonesia and have been audited by a public accountant
registered with the Financial Services Authority (OJK). These annual financial statements include
a statement of responsibility for the financial statements as regulated in the Financial Services 511
Authority regulations regarding the Board of Directors’ responsibility for financial statements or
other legislation in the capital markets sector governing periodic reports for securities companies, in
the event that the issuer is a securities company.
The statement letter from the members of the Board of Directors and the Board of Commissioners
regarding their responsibility for the Annual Report is prepared in accordance with the format of
the Statement Letter of the Members of the Board of Directors and the Board of Commissioners 56-57
on Responsibility for the Annual Report, as outlined in Appendix I, which is an integral part of this
Financial Services Authority Circular Letter.
PT Bank BTPN Syariah Tbk
651
Page 653
Implementation of Sharia Governance for Sharia Commercial Banks
in compliance with POJK Number 2 of 2024
no description page
1 Implementation of Sharia Principles and Sharia Governance Framework
a. Banks are required to apply Sharia principles in conducting business activities 60
b. The business activities referred to:
i. Banking Activities
60
ii. Other activities conducted by the Bank besides business activities
At all levels or organizational levels, in accordance with legal provisions.
c. The implementation of Sharia principles is based on fatwas and/or statements of Sharia
54
compliance issued by the National Sharia Board of the Indonesian Ulema Council
d. To ensure compliance with Sharia Principles, the Bank must implement Sharia
governance.
In implementing Sharia Governance, the Bank must have a Sharia governance
framework realized through at least:
i. Implementation of the Duties and Responsibilities of the Sharia Supervisory Board
376
(DPS)
ii. Implementation of Sharia Compliance Function 479
iii. Implementation of Sharia Risk Management 169 474
iv. Implementation of Sharia Internal Audit Function 464
v. Conducting External Review of Sharia Governance n/a*
e. The Board of Directors overseeing the functions referred to points b, c, and d is
responsible for ensuring the effectiveness of their implementation and compliance with 345
Sharia Principles.
f. The functions referred to points b, c, and d coordinate with the Sharia Supervisory Board 169, 345, 382,
(DPS) in carrying out their duties. 464, 479
2 Sharia Supervisory Board (DPS)
a. Position, Number, and Criteria of Sharia Supervisory Board 377
b. Independence of Sharia Supervisory Board 378
c. Term of Office, Appointment, and Termination of Sharia Supervisory Board 378-381
d. Duties, Responsibilities, and Authority of Sharia Supervisory Board 376
e. Working Relationship between Sharia Supervisory Board, Board of Directors, and Board
382
of Commissioners
f. Support of the Board of Directors and Board of Commissioners for the Implementation
365, 381-382
of Sharia Supervisory Board Duties
g. Sharia Supervisory Board Meetings 384-387
PT Bank BTPN Syariah Tbk
h. Transparency Aspects of Sharia Supervisory Board 378-380
i. Remuneration of Sharia Supervisory Board 394
652
Page 654
annual report 2024 | financial report
no description page
Sharia Compliance Function, Sharia Risk Management, Sharia Internal Audit, and Sharia 169, 345, 382,
3
Governance External Review Functions. 464, 479
The Implementation of Sharia Governance Report and Assessment of Sharia Governance
4
Implementation
a. Sharia Governance Implementation Report 310, 338, 367
b. Self-Assessment by the Bank on the Implementation of Sharia Governance 274
Description:
*The obligation to conduct an external review applies for the period from July 2024 to June 2027.
PT Bank BTPN Syariah Tbk
653
Page 655
PT Bank BTPN Syariah Tbk
Menara SMBC 12th Fl.
CBD Mega Kuningan Jl. DR. Ide Anak
Agung Gde Agung Kav. 5.5-5.6
South Jakarta 12950
Tel. 021 - 30026 400
Fax. 021 - 252 0356
Names mentioned 193 people and organisations named in the text · linked when the evidence is strong
unresolved
person
Dr. Ide Anak Agung Gde Agung
p.3 ×7
unresolved
org
PT Bank Tabungan Pensiunan Nasional Syariah
p.25 ×8
unresolved
org
Indonesia Stock Exchange
p.25 ×11
unresolved
org
Financial Services Authority
p.27 ×38
unresolved
org
PT Info Artha
p.28
unresolved
org
PT Jurnalindo Aksara Graphics
p.28
unresolved
org
PT Pemeringkat Efek Indonesia
p.29
unresolved
org
among shareholders and investors, BTPN Syariah
p.30
unresolved
—
has once again distributed dividends based on
p.30
unresolved
—
ending December 31, 2023. This commitment is
p.30
unresolved
—
This marks the fifth dividend distribution since
p.30
unresolved
org
BTPN Syariah was established in 2014
p.30
unresolved
org
became a public company in 2018, as well as
p.30
unresolved
org
BTPN Syariah highly upholds the rights
p.30
unresolved
—
its shareholders and strives to ensure
p.30
unresolved
—
equal treatment for all shareholders while
p.30
unresolved
—
guaranteeing the fulfillment of their rights.
p.30
unresolved
—
carried out in accordance with applicable laws
p.30
unresolved
—
regulations, based on the resolutions
p.30
unresolved
org
BTPN Syariah has established a dividend policy
p.30
unresolved
—
K.001 – February 2024.
p.30
unresolved
—
Observing the development and growth of BTPN
p.30
unresolved
org
PT Kustodian Sentral Efek Indonesia
p.31
unresolved
org
PT Fitch Ratings Indonesia
p.32 ×8
unresolved
org
Guarantee Corporation
p.33
unresolved
org
Bank Umum Syariah
p.34 ×4
unresolved
org
Bank Syariah
p.34 ×7
unresolved
person
Dewi
p.34
unresolved
org
Bank Annual Report Category
p.35
unresolved
org
Bank Indonesia
p.40 ×13
unresolved
person
H. Muhammad Faiz
· Anggota
p.43 ×6
unresolved
—
SMBC, 12th Fl.
p.60
unresolved
—
CBD Mega Kuningan
p.60
unresolved
org
Syariah
p.60 ×10
unresolved
org
PT Bank Purba
p.62
unresolved
person
Notary H. Abu Jusuf
p.62 ×2
unresolved
org
PT Bank Purba Danarta Meeting Resolution Statement
p.62
unresolved
org
PT Bank Tabungan Pensiunan Nasional Lukman Widjaja
p.62
unresolved
person
Notary Indah Indriani
p.62
unresolved
org
Minister of Law
p.62 ×6
unresolved
org
PT Bank Purba Danarta
p.62 ×2
unresolved
person
Notary Hadijah
p.62
unresolved
person
Winarti Lukman Widjaja
p.62
unresolved
org
PT Bank Tabungan Pensiunan
p.62 ×6
unresolved
org
PT Bank Sahabat Purba Danarta
p.62 ×5
unresolved
org
Nasional Tbk
p.62 ×2
unresolved
org
Tabungan Pensiunan Nasional Tbk
p.62
unresolved
org
PT Bank Sahabat Purba
p.62
unresolved
org
Bank Sahabat
p.62 ×2
unresolved
org
PT Bank Tabungan Pensiunan Nasional Notarial Deed
p.62
unresolved
person
Notary Jose Dima Satria
p.62
unresolved
person
Hadijah S.H.
p.62
unresolved
org
Minister of Law and Human Rights Nasional Syariah
p.62
unresolved
org
Ministry of Law
p.62 ×2
unresolved
org
Minister of Law and Human Rights
p.62 ×7
unresolved
org
AHU-AH Tbk
p.62
unresolved
org
PT Bank Tabungan Pensiunan Nasional
p.62 ×18
unresolved
org
Syariah Syariah Tbk
p.62
unresolved
org
PT Bank Tabungan Pensiunan Nasional BTPN
p.62
unresolved
org
Tabungan Pensiunan Nasional Syariah Tbk
p.62
unresolved
org
Indonesia Syariah Tbk
p.63
unresolved
org
Board Syariah Tbk
p.63
unresolved
org
BTPNSyariah Tbk
p.64 ×2
unresolved
org
PT BTPN Syariah Ventura Aiming
p.68
unresolved
org
PT BTPN Syariah Ventura
p.68 ×17
unresolved
org
Minister of Law and Human Rights. Republic of Indonesia Number AHU-
p.68
unresolved
person
Notary Ashoya Ratam
· Notaris
p.69 ×20
unresolved
org
Bank SMBC Indonesia Syariah Tbk
p.69 ×2
unresolved
org
Sustainable Tbk
p.70
unresolved
org
Ministry of Religion. Tepat Deposito Time Deposits
p.72
unresolved
org
PT Bank Tabungan Pensiunan West Java
p.75
unresolved
org
Closed Nasional Syariah Tbk
p.75
unresolved
org
Andi Setlo Tbk
p.76
unresolved
org
Bank PTPT
p.76 ×7
unresolved
org
PT Kustodian Sentral
p.78
unresolved
person
IDR
· Member
p.78 ×7
unresolved
org
Bank Compliance Forum
p.78
unresolved
org
PT Digital Solusi Pratama
p.82
unresolved
org
Holcim Indonesia Tbk
p.82 ×2
unresolved
org
PT Titan Petro Chemical
p.82
unresolved
org
PT Asahan Indonesia Asahan Aluminium
p.82
unresolved
org
PT Delameta Bilano
p.83
unresolved
org
PT Bank Syariah Mandiri
p.83
unresolved
org
Bank Indonesia Sharia Banking R
p.83
unresolved
org
CEO XL-Axiata Tbk
p.84
unresolved
org
PT Indosat Mega Media Mobile
p.84
unresolved
org
PT Satelindo
p.84
unresolved
org
Bank Restructuring Agency
p.84
unresolved
org
Independent Commissioners Tbk
p.84
unresolved
org
Bank Universal
p.85 ×7
unresolved
org
Bank Subentra
p.85
unresolved
org
Controlling Shareholders Tbk
p.88
unresolved
org
PT ANZ Panin Bank Indonesia
p.89
unresolved
org
PT Rahajasa Media Internet
p.89
unresolved
org
Tanudiredja
p.91 ×4
unresolved
org
Wibisana & Rekan
p.91 ×4
unresolved
org
Bank Niaga Tbk
p.92 ×12
unresolved
org
PT Bank Niaga Jakarta Thamrin
p.92
unresolved
org
PT Bank Niaga Jakarta Design Center
p.92
unresolved
org
PT Bahana Artha Ventura
p.95
unresolved
org
PT Bank Syariah Bukopin
p.95
unresolved
org
PT Asanusa Asset Management
p.95
unresolved
org
PT IMFI Syariah
p.96
unresolved
org
Bank BRI Syariah Tbk
p.99 ×2
unresolved
org
PT Bank Universal Operation Policy
p.99
unresolved
org
PT Bank Dharmala Branch Operations Development Division
p.99
unresolved
org
PT Bank Dharmala
p.99
unresolved
org
PT United City Bank
p.99 ×2
unresolved
org
Bank Ekonomi Raharja Tbk
p.101 ×2
unresolved
org
PT Great Eastern Life Indonesia
p.102
unresolved
org
PT Commonwealth Life Indonesia
p.102
unresolved
org
PT Bank Commonwealth
p.102
unresolved
org
PT BTPN Syariah Tbk
p.111 ×4
unresolved
org
Sumimoto Mitsui BTPN Banking Corporation
p.111
unresolved
org
Bank Pegawai Pensiunan Militer
p.112
unresolved
org
PT Bank Sumitomo Mitsui Indonesia
p.112
unresolved
org
Summit Syariah Tbk
p.112 ×2
unresolved
org
Syariah Ventura Tbk
p.112
unresolved
org
Sumimoto Mitsui Banking Corporation
p.112
unresolved
org
Sumitomo Mitsui Banking Corporation
p.113 ×2
unresolved
org
PT Sumitomo Mitsui Finance
p.113
unresolved
org
PT Ina Sekuritas Indonesia
p.113
unresolved
org
PT Bank SMBC IndonesiaTbk. For
p.113
unresolved
org
PT. AMB FINANSIAL INDONESIA
p.114
unresolved
org
PORTFOLIO OF DFA INVESTMENT DIMENSIONS GROUP INC
p.114
unresolved
org
PT SURYA ANUGRAH MULYA
p.114
unresolved
—
Total Shares Transferred
p.122 ×2
unresolved
—
Share Placement
p.122 ×2
unresolved
org
Siddharta Widjaja & Rekan
p.127
unresolved
org
PT Datindo Entrycom
p.127
unresolved
org
PT Fitch Ratings Indonesia DBS Bank Tower
p.127
unresolved
org
Bank Management About Us
p.128
unresolved
—
Public Offering Prospectus
p.128
unresolved
org
Quarterly Financial Reports
p.128
unresolved
—
Sharia Supervisory Board Charter
p.128
unresolved
—
Committee Charter
p.128
unresolved
org
Community Officer Tbk
p.141
unresolved
org
A Non-Independent Commissioner Tbk
p.315
unresolved
person
Title
· Direktur Utama
p.514 ×2
unresolved
org
Bank Tabungan Pensiunan Tabungan Pensiunan Nasional Syariah Tbk
p.529 ×2
unresolved
org
Nasional Syariah Tbk
p.529
unresolved
person
Ratam
p.529 ×2
unresolved
org
Menteri Hukum dan Hak Asasi
p.529 ×3
unresolved
org
Minister of Law and Human Rights Manusia Republik Indonesia
p.529
unresolved
person
Tika Arundina
· Anggota
p.530
unresolved
person
Rena Mutia Andriani
· Anggota
p.530
unresolved
org
Kementerian
p.531
unresolved
org
Menteri
p.531 ×2
unresolved
person
Ashoya Ashoya Ratam
p.531
unresolved
org
Ministry of Law and Human Rights
p.531 ×2
unresolved
org
PT BTPN Modal Ventura Syariah
p.532
unresolved
org
Bank Indonesia Giro
p.589
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